🔄 XAI Entry: Turning Resistance into Support! 📈💹📊 Analysis:
Focus on AI Narrative: Emphasizing the AI narrative with the upcoming Nvidia GTC AI conference.
XAI Entry: XAI appears favorable for entry, turning previous resistance into support.
Liquidation Wick Support: Look for the liquidation wick to hold as support.
Entry Range: Consider entry between $1.1 to $1.4.
Stop Loss: Set a stop loss between $1.0 to $1.1 after the break.
Conservative Entry: Alternatively, consider entering on the break and retest of the trend.
Take Profit Levels: Aim for profits around $1.9 or $2.45.
🌐 Note: The AI focus and support-to-resistance transition make XAI an interesting prospect.
Sopport
EUROUSD potential short position after trend line breakoutOANDA:EURUSD Price breakout trend line and pull backed to the trend line. We should look for short positions. I think we might see price near orange line.
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Gold- red candle on a weekly chart!hello everyone
Today's performance of gold left a red candle on the weekly chart on the second day, this might look bad on the daily chart ,but the last 5 candles on the weekly chart creating a bull flag pattern.
on the daily chart we have a good looking hanging man from yesterday and the red marubozu candle brought chaos to the market.So I expect lower prices on XAUUSD for the next couple of days or on the good side, remaining on the existing channel.
our next support level 1950$
next resistance level 1965$
Can GOLD break and reach 2050$ again??Hi everyone
After the accumulation that we had for almost a month on XAUUSD, We can finally see the price breaking through 1965$ resistance level.
Now we have a support level of 1910$ beneath and a resistance zone on 2050$
above.
Considering the possibility of staying in this channel and not having another correction in price( I believe after 5 bullish candles in Daily we can see correction), we may see the price touches the 1965$ level and start reaching 2050$ which can also be a strong resistance level.
sprt in a critical levelsprt in a critical level! two senario- if the red line is broken in down side then you should cut your lose!
Daily new york session watchlistGBUSD as we remind you was moving into the range boundries now it is near to the major psychological level where we are expecting the breakout for the growth zone start now wait for confirmation and more confluence nee to match all the price action
Make sure you watch the price action closely in each analysis as this is a very important part of our method
ETH/USD - new bullish upThe target after the breakage level 137 is obtained by the resistance level.
After the breakdown, the target should be placed in the range 161-170.
that's where the Moving Average and the Mirror level will be tested.
Stop Loss can be hidden behind a broken level.
Friends, thanks for your likes and comments!
Good luck with trading!
BTC UpdateHi everyone! I've entered a long on BTC. I believe there is definitely a possibility of another leg down, but I dont want to miss the train and dont have much time tomorrow to watch it. We are approaching a major intersection here, especially the light blue ray i threw out a couple weeks ago. We are hoping that, and the previous trend resistance will act as support. I could see further retrace down to 7330 or so, maybe a wick down into the 7200s to shake out remaining weak hands. As long as we find some support here, we will validate the bullish divergence on the 12 hr chart as well.I will be looking to target at least the purple trend line, which I imagine will be around 8.8k when it gets there. I opened my lng at about 7536, so a close at 8.8k will make for a nice profit. Trade at your own risk! Uptrend has not been confirmed!