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Gold's Aggressive Rally. Still looking for correction thoughWith Gold making new all-time highs every day since Friday and no resistance levels in sight, it's challenging to time and find an entry point for a short trade. Although my short position from yesterday hit the stop-loss, my view remains the same: Gold should correct by at least 500 pips. Technically, since the low last Thursday, Gold has surged by 1,200 pips, with this move contained within a very aggressive uptrend channel, which is often a sign of a final leg in a rally. Currently, the price is testing the median support, but more confirmation is needed before entering a short position. This could happen with a daily close below 2630 or if there's a failed attempt to reach a new ATH during the day. In conclusion, while I remain bullish in the medium term, at this moment, I am focused on identifying a strong entry point for a short trade, expecting a 500 pips correction.
OANDA:XAUUSDShort
by Mihai_Iacob
EURUSDEURUSD . Potential long opportunity. This is an adaptive analysis! Our idea for EURUSD is a long after the price has fallen to our PBA (Pull Back Area). With DXY showing weakness we do believe that EURUSD could rise to our target 1.11674 . Our SL is set at 1.10751 . In second scenario , we could see EURUSD make a deeper pullback down to 1.10500 which could be the second entry . Targets remain the same while SL would sit around 1.10150 . PARAMETERS - Entry: 1.11057 - SL: 1.10751 - TP1: 1.11363 - TP 2: 1.11674 KEY NOTES - EURUSD has fallen to our PBA. - Adaptive analysis. - DXY showing weakness. - EURUSD may make a deeper pullback to 1.10500. Happy trading! FxPocket
Long
by FxPocket
Hellena | GOLD (4H): Long to 100% Fibo lvl 2673 (Wave 3).Colleagues, I believe that the price has not finished the upward movement in wave “3” of the higher order and wave “3” of the lower wave. After a small correction of 2603 I expect a continuation of the upward movement to the area of 100% Fibonacci extension (level 2673). It is quite possible that this movement will not start immediately and will be preceded by a slightly deeper correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDLong
by Hellena_Trade
6
BtcUsd- Again at a juncture pointIn my previous BTC/USD analysis, I mentioned that as long as the 58k zone holds, a rebound to the 61,500 zone, with an extension to 64k, was likely. Currently, the price is just below the second target, a critical point defined by horizontal resistance and the falling trend line from the channel. Bulls need to break above this level for a strong final in 2024. However, if they fail to reclaim this zone, a drop to 50k becomes a strong possibility.
BITSTAMP:BTCUSD
by Mihai_Iacob
4
Gold: Will the Falling Wedge Breakout Ignite a +16% Rally?Hey Realistic Traders, let’s dive into the analysis of NASDAQ:GOOGL In the daily timeframe, Google has broken above the upper trendline of the falling wedge pattern. The price has consistently remained above this trendline for the past three trading days, with rising price movement accompanied by bullish divergence. Bullish divergence on the MACD indicates that while the price makes lower lows, the MACD line forms higher lows. This divergence suggests a weakening of bearish momentum and the potential for a price reversal to the upside. Given these technical factors, we forecast a potential upside movement toward the designated target of 181.36 . After reaching this level, a pullback to the green zone around $160 may occur before the price advances to the second target at 191.52. This technical outlook remains valid as long as the price stays above the support area at 148.77. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Google. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
NASDAQ:GOOGLLong
by financialfreedomgoals101
Hellena | BITCOIN (4H): Long to resistance area 64879.Dear colleagues, after analyzing bitcoin I came to the conclusion that the price is in an upward impulse, but the correction “2” is not yet completed or almost completed. I believe that after reaching the area of 56398 the price will again rush in an upward movement with the goal of reaching the area of 64879 in wave “3”. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BINANCE:BTCUSDLong
by Hellena_Trade
12
Gold’s Rally Continues, Correction in Sight?After a brief correction at the start of last week, Gold rebounded strongly, setting new all-time highs (ATHs) daily, including earlier today. While it's clear that no asset rises indefinitely, and a correction is likely at some point, pinpointing the exact level from where this will occur is challenging. On the flip side, 2590 now stands as strong support. In the event of a pullback to this level, it would likely present a buying opportunity.
OANDA:XAUUSD
by Mihai_Iacob
Gold Shines as Dollar Dips: A New All-Time High in SightHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD . In the daily timeframe, gold has formed a symmetrical triangle followed by a breakout above the upper trendline. Recently, the price retested this trendline and continued to move upward. Analyzing the trend, gold remains above the EMA34 line, indicating a bullish trend. Additionally, the MACD has made a bullish crossover, signaling upward momentum. With these technical indicators aligning, we are looking at a potential continuation of this upward movement toward Target Area 1 at 2,625 or even Target Area 2 at 2,739. However, bears might find some hope if the price manages to break below the support level at 2,426. The bullish trend is also supported by fundamental factors, as Federal Reserve Chairman Jerome Powell recently confirmed that interest rate cuts are likely in the near future. This has weakened the dollar compared to other currencies and commodities, further boosting the appeal of gold. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. " Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
OANDA:XAUUSDLong
by financialfreedomgoals101
OfficialKieranTrewick | XAUUSD 2HR Analysis | 3000? All time high crazy! Charting new territory the precious metal is at it again, starting the week with a suitable correction down to the previous 25% quarter level and dynamic support whilst creating a fresh higher low before the latter week ascent that broke through the 3 day resistance pivot level and into the 2600s where it just continued pushing until market close on friday evening. Whilst it just undercut the new 75% quarter level because of the close I can see that price slowed down upon reaching the dynamic resistance level and quarter level of 2525 indicating that we could see another correction down to 25% and the key pivot zone identified which aligns with both dynamic support lines before continuing its ascent into the upper 2600s. Due to the recent bullish momentum it is important that we follow price and trade with the confirmations that are created not chase what we want to happen, basically meaning price can still go up before any correction happens and analysis is a footprint to possibility not something to be traded based on but something to be used as a toolbelt essentially giving us a list of confirmations that can increase the probability of a trade that of which can always change. If you like this idea please drop a like and share it with your friends so they too can be in the loop with golds potential movements in the coming week. Analysis Conducted by OfficialKieranTrewick
OANDA:XAUUSDLong
by OfficialKieranTrewick
Alikze »» ETH | Ascending channel🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area - Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range. - After the formation of a Double Top pattern, it has had a zigzag correction to the green box range. - It is currently moving in an ascending channel, where the recent correction has intersected with the bottom of the channel and the green box. - Therefore, I expect it to grow up to Fibo 0.78 and the dynamic trigger after the swing breaks and creates a higher LH. - In addition, a corner pattern with higher bottoms of the ascending channel is also formed. 💎 Alternative scenario: If it fails to break the swing and does not stabilize above it, and also sharply corrects towards the green box, it is most likely that it will break it and continue correcting towards the Buyer Zone. 💎 Probable scenario: Currently, the probable scenario is the bullish scenario according to the bullish channel and also the corner pattern pattern. Therefore, after reaching the goal, the dynamic update will be done again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ETHUSDT
Long
by alikze
2