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Bullish Gold: Recent Signals Point to Upward Momentum** Bullish Gold: Recent Signals Point to Upward Momentum ** Gold has been displaying strong bullish tendencies lately, and our latest analysis suggests that the price may continue its upward trajectory toward the next resistance level. After carefully analyzing the charts across multiple timeframes, from 1-minute to 45-minute intervals, we’ve identified compelling signals that favor a continuation of this upward movement. **Key Observations** 1. **Technical Indicators:** Recent price action shows a series of higher lows and consistent testing of key resistance zones. This structure aligns with a bullish trend, signaling strong buying pressure in the market. 2. **Momentum Analysis:** Momentum indicators, such as the Relative Strength Index (RSI) and Moving Averages, confirm a positive trajectory. On smaller timeframes like 1-minute and 5-minute charts, gold has shown consistent breakouts during intraday trading, indicating sustained interest from buyers. 3. **Volume Support:** Volume spikes during upward moves suggest institutional activity, further supporting the bullish case. Price movements are backed by strong participation, which enhances the reliability of the trend. 4. **Resistance and Next Targets:** If gold maintains its current pace, the next key resistance level lies at . Breaking through this zone could open the door to higher price levels in the short term. **Fundamental Context** The recent strength in gold prices is supported by market uncertainty, with investors seeking safe-haven assets amidst global economic concerns. Additionally, a weaker USD or dovish signals from central banks can further fuel gold’s rally. **What’s Next?** We’ll continue to monitor the charts and provide updates as the situation evolves. The current bullish sentiment aligns with both technical and fundamental factors, suggesting that gold’s rally still has room to grow. However, traders should watch for any signs of reversal near key resistance levels and manage their risk accordingly. Stay tuned for more updates as we track this movement closely!
TVC:GOLDLong
by GlebalTrader
Gold Trade : Bullish Momentum AheadXAUUSD has been making bullish trend through 2041 making higher highs and higher lows and is holding towards the liquidity zone 2458 2460.Price action and market structure also shows bullish trend and also a double bottom pattern is evident around the 2380 2385 level indicating a strong support area. there is also a news which would support us in bullish momentum Our technical analysis and market indicators suggest a positive trend for gold in the next trading session. Investor can expect a potentially lucrative opportunity to capitalize on the bullish momentum.
OANDA:XAUUSDLong
by sabellaFX
Bitcoin technical analysis - new update _ 2023-10-31 Long position After breaking the box ceiling at 34820 resistance Entry 35050 The loss limit is 34,500 Risk Free 35600 First save profit 36150 The second save profit is 36,700 The third save profit is 37255 Profit limit 37,600 ----------------------------------------------------- Short position After breaking the box floor in the support of 33586 Entry 33395 The loss limit is 339000 Risk Free 32890 The first save is 32385 The second saving profit is 31,800 Profit limit is 31500
by Mohammad_Ak2310
LTC is quickly returning to the local uptrend.Hello everyone, let's take a look at the 1D LTC to USDT chart. As you can see, the price moved below the local trendline and quickly returned to the perfect trendline. Let's start by designating the support line and as you can see the first support in the near future is $ 112, if the support breaks down, the next one is $ 107 and $ 99. Now let's move from the resistance line, as you can see the first resistance is $ 117, if you can break it the next resistance will be $ 123 another $ 132 and another $ 144. Looking at the CHOP indicator, we can see that in the 1D interval we still have a lot of energy to make a move.
by cryptodailyuk
How To : Momentum Shifts ( Key Set Ups) Hi Traders! Lets review 3 Trade SetUp For Key Momentum Shifts: For the past 28 years, I have been using three simple trades setups, that I'll explain in the video, to be selective in my trades and to identify key momentum shifts in the market. I hope these setups will be useful to you as well. High Frequency Traders and Professional Traders will often run retail trader stops by blowing through key support and resistance levels like round numbers only to reverse shortly afterwards. We must protect ourselves from these tactics and be careful not to chase a move or get stopped out. Recognizing and patiently waiting for one of these trade set up will help especially if you combined or recognize them with a chart formations like a double tops or head and shoulder pattern. Trade Setup 1: Cross above a key resistance, recross below = shift of momentum. The same setup can be used with a cross below a key support level. Trade Setup 2: Cross above a key resistance, recross below and a retest of the resistance with a Lower Higher = shift of momentum. This is my preferred setup. Trade Setup 3: 2 touches to a key resistance or 2 touches to a key support and entering on the 3rd touch for a 66% probability of successful trade. I hope these setup are helpful, whether you trade or invest, using key momentum shifts with support and resistance lines. Hope it helps Take care Marc
COINBASE:AVAXUSDEducation
by PowerIndicators
6
The FTM continues the local upward trendHello everyone, let's take a look at the FTM to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 1.45, if the support breaks down, the next one is $ 1.37 and $ 1.31. Now let's move from the resistance line, as you can see the first resistance is $ 1.68, if you can break it the next resistance will be $ 1.86 and $ 2.08. Looking at the CHOP indicator, we can see that in the 4-hour period, despite the last move, we still have a lot of energy to continue.
by cryptodailyuk
bullish market for bitcoin 🚀As I mentioned in my previous analysis ✔️ the price has started to gain from our channel support 💣 and now the price become close to the black trend line and support area ✔️ so we expect gain for the price at least to our first resistance area 🚀 if the price breaks the first resistance area(40000$) and stay above this area, we can expect more gain 🚀🚀 This is not financial advice, always do your own research. Please, feel free to ask your question, write it in the comments below, and I will answer. 🐋
Long
by MadWhale
41