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Symmetrical Triangle

Is ETH Done Dropping?A few days ago, the crypto market experienced another brutal sell-off, leaving most traders in despair. But historically, whales love to shake people out before pushing prices up. Looking back at past bull runs, it’s common to see a sharp crash forming a bearish pattern, only for the price to suddenly skyrocket—leaving everyone behind. Will it happen again this time? I can’t say for sure. But based on the overall market structure— BINANCE:BTCUSDT , BINANCE:ETHUSDT , CRYPTOCAP:BTC.D , CRYPTOCAP:OTHERS , CRYPTOCAP:TOTAL3 —the bull market still seems intact. Now, let’s talk about ETH. The recent crash completely invalidated the inverse head-and-shoulders pattern, and that massive wick just happened to hit the weekly M-top target (light blue line). Zooming out, the massive symmetrical triangle (yellow lines) from 2022 is still holding. It looks like the whales intentionally broke below the triangle to create a bearish illusion and scare people into selling. They did the same thing last August to November—three months of shaking out weak hands at the lower edge of the triangle. At the time, many turned bearish. Then, whales pumped ETH back into the triangle and even broke the upper boundary. So right now, we see similar bearish traps : An M-top that didn’t break the neckline. A fake breakdown below the triangle’s lower edge without follow-through. To me, this seems like another deliberate move to clean up weak hands. Short-term, we’ve probably already hit the bottom. From here, we’ll watch how the chart develops. If you’re looking to enter, now seems like a reasonable time—but make sure you set a strict stop-loss. 🔴 for more future script "guesses" like this!
by Harold_123
Breaking: $BERA dips -50% Just A Day After Listing. The cryptocurrency market is no stranger to volatility, and the recent performance of BIST:BERA , the native token of Berachain, is a testament to this. Launched just yesterday, BIST:BERA has already experienced a whirlwind of price action, capturing the attention of traders and investors alike. After an initial surge of 650%, the token has since dipped by 50%, currently trading at $7 per coin. This dramatic price movement has left many wondering: Is this a temporary shakeout or a sign of deeper issues? Technical Analysis From a technical perspective, BIST:BERA ’s price action is forming a symmetrical triangle pattern on its daily chart. This pattern is typically a continuation signal, suggesting that the asset is consolidating before making its next significant move. The key levels to watch are the upper resistance (ceiling) and the lower support (floor) of the triangle. - Bullish Scenario: If BIST:BERA breaks above the triangle’s ceiling, it could trigger a bullish run with an estimated upside potential of 107%. This would likely attract fresh buying interest, pushing the price toward new highs. - Bearish Scenario: Conversely, if the price fails to break out and instead falls below the triangle’s support level, BIST:BERA could test the $5 support zone. This scenario would likely be driven by profit-taking from early investors and airdrop participants. The current price dip of 28.06% in the last 24 hours may seem alarming, but it could also be a healthy correction after the initial euphoria. The symmetrical triangle pattern suggests that the market is undecided, and the next major move will depend on whether buyers or sellers gain control. Berachain’s Innovative Approach to Blockchain Beyond the price action, BIST:BERA ’s underlying technology and ecosystem are worth examining. Berachain is not just another Layer 1 blockchain; it introduces several innovative features that set it apart from its competitors. 1. Proof of Liquidity (PoL): A Novel Consensus Mechanism Berachain’s Proof of Liquidity (PoL) is a groundbreaking consensus mechanism that aligns network security with liquidity provision. Unlike traditional Proof of Work (PoW) or Proof of Stake (PoS) systems, PoL incentivizes users to provide liquidity to the network, ensuring a more robust and efficient ecosystem. 2. EVM Compatibility and Modular Design Berachain is fully compatible with the Ethereum Virtual Machine (EVM), making it an attractive option for developers looking to build or migrate decentralized applications (dApps). Its modular design allows for the creation of customized Layer 1 blockchains without sacrificing interoperability or performance. 3. Two-Token Model: BERA and BGT Berachain operates on a unique two-token model: - BERA: Used for gas fees and staking, BERA is the utility token that powers the network. - BGT: A non-transferable governance and rewards token, BGT aligns the interests of network participants by incentivizing long-term engagement. Market Sentiment and Exchange Listings The current market cap of $806 million and a circulating supply of 107.48 million BERA coins indicate that the token is still in its early stages. With a max supply yet to be determined, BIST:BERA has room for growth as the ecosystem matures and adoption increases. Conclusion While the 50% dip may deter some investors, the technical and fundamental factors suggest that this could be a buying opportunity for those with a higher risk tolerance. As always, it’s crucial to conduct thorough research and consider your risk appetite before investing in any cryptocurrency. BIST:BERA ’s journey is just beginning, and its future will depend on both market dynamics and the team’s ability to deliver on its ambitious vision. Whether you’re a trader or a hodler, BIST:BERA is undoubtedly a coin to watch in the coming weeks and months.
Long
by DEXWireNews
USDCHF → The bullish trend may get its continuationFX:USDCHF is entering the realization phase after a prolonged correction. A favorable background is created by the uptrend and rising dollar... The technical outlook on the daily timeframe is very good. The price after breaking the trend resistance tested the previously broken line. The currency pair after the false breakout managed to consolidate above the key point, marking an interim bottom and further prospects. Technically, the focus is on the resistance at 0.911, if the bulls can overcome this area and consolidate above this level, the currency pair will be able to realize a rise to 0.918 - 0.93. Resistance levels: 0.911 Support levels: 0.90555 Before breaking the resistance, the currency pair could test 0.90555 due to the liquidity generated below this area. But, the trigger that can provoke further growth is 0.911 Regards R. Linda!
Long
by RLinda
2
CADNOK Short I've been short CADNOK since 7.9394 (the weekly symmetrical triangle resistance area). The trade was taken based on a weaker CAD. The NOK was irrelevant. At the time, I also went long EURCAD and short CADJPY and CADSEK. The fundamental bias to sell the Canadian dollar is now even more substantial. However, I'm not planning to enter a second short. Instead, I'm holding my short position in anticipation of a bearish breakout of the symmetrical triangle. CITYINDEX:CADNOK
Short
by Samuel_Morton_Trader
BITCOIN → The price is getting ready to drop to 100K - 97KBINANCE:BTCUSD is facing strong resistance. The price is being pushed away from the 105-107K zone as much as possible, forming a defense conglomerate. But, this resistance cannot overshadow the global bullish situation yet A controversial situation is forming on H1-H4: a descending channel and a symmetrical triangle. And everything depends on what part of the market sees which figure. The primary reaction to the triangle support may be accompanied by a rebound, but based on the situation with the resistance, we can assume that the rebound from the triangle will not be deep and the price will try to go down. If we look at the descending channel, the price is held back from falling by the support at 101.600. Yes, technically, it is the support of 101.600 that plays the main role now. The main question is whether this level will hold the price or not. Fundamentally, the situation is debatable, as the situation mainly depends on America, on how Trump and officials will use rhetoric regarding cryptocurrencies. It could be a bubble, a scam to win an election, or empty talk. Or it could be an actual strategy Resistance levels: 103.4K, 105.8K Support levels: 101.6K, 99.6K Emphasis on 101.6. In the short term, I expect a breakdown and price consolidation below the level followed by a drop to 100-97K BUT! Since there is a symmetrical triangle on the chart, a false breakdown of 101.6 may lead to a small upward bounce before a further fall to 100K Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
62
BTCUSD price is getting ready to drop to 100,000 to 97,000BTCUSDT is encountering significant opposition. In order to create a defense conglomerate, the price is being forced as far away from the 105–107K range as feasible. However, the worldwide bullish position cannot yet be overshadowed by this resistance. On H1-H4, a symmetrical triangle and a descending channel are developing into a contentious scenario. Additionally, everything is dependent on which market segment views which figure. Although a rebound may accompany the initial reaction to the triangle support, given the resistance, we can presume that the price will attempt to decline and that the triangle's rebound will not be significant. The price is prevented from falling by the support at 101.600 if we examine the descending channel. Yes, technically, 101.600's support is now what matters most. Whether or not this level will hold the price is the key question. At its core, the issue is controversial because it primarily hinges on America and how Trump and other politicians would employ rhetoric around cryptocurrency. It might be empty rhetoric, a bubble, or a sham to win an election. Or it might be a real tactic. Resistance levels: 103453, 105765 Support levels: 100150, 98890 Focus on 101.6. I anticipate a short-term price consolidation and fall below the level, followed by a decline to 100–97K BUT! A false breakdown of 101.6 could result in a brief upward bounce before a further down to 100K because the chart shows a symmetrical triangle. Analysis By: NexusTradesZone
BINANCE:BTCUSDShort
by NexusTradesZone
3
ONDOUSDT → Resistance Breakthrough. Ready for the raceBINANCE:ONDOUSDT.P continues to hold an uptrend with cyclical counter-trend corrections. The chart is showing signs of an end to the correction and a readiness to go up A rather large consolidation has been formed against the background of the main uptrend. Regarding this, the price is trying to go up, breaking the resistance of consolidation (triangle) and overcoming the next obstacle in the form of key resistance at 1.538. The emphasis is on this level. If the bulls manage to keep the defense above 1.538 support, ONDO may show a recovery to 1.7 - 1.9 - 2.15 in the short to medium term. Support levels: 1.538, 1.44 Resistance levels: 1.7344, 1.90 A small pullback to support and formation of a false breakdown is possible, but price consolidation above the level will be a confirmation of readiness to go up. Targets are marked on the chart! Regards R. Linda!
Long
by RLinda
10
SFP’s 43x Potential: Now the Time to Jump In?SEED_DONKEYDAN_MARKET_CAP:SFP has been forming a large symmetrical triangle since its listing. The market makers have deliberately used two stages over more than 1,000 days to consolidate. ▍Stage 1: Consolidation lasted from 05/2022 to 10/2023, spanning 521 days (marked with a blue box). ▍Stage 2: Consolidation started in 10/2023 (marked with a green box). If we estimate 521 days for this stage as well, the time point will fall on 03/16/2025, which coincides with the end of the large symmetrical triangle. Trading volume has been in a long-term downtrend. When volume shrinks to its limit, a clear breakout direction will emerge. Coupled with the upcoming peak bull market phase, it's likely to break upwards. There’s an old saying in investing: the longer the consolidation, the higher the breakout. The key players have spent 2.5 years patiently consolidating, concentrating the tokens in strong hands. When coins like this break out, they tend to "take the elevator" straight up, leaving no chance to buy in later. Based on the expected breakout range of the triangle, the maximum potential upside is approximately 43x from the breakout point, targeting a price of $34. I believe this is the perfect time to enter. What do you think?
Long
by Harold_123
Bitcoin’s Next Movement=>Symmetrical Triangle!!!On January 24, 2025 , the latest U.S. Flash Manufacturing and Services PMI data was released, revealing mixed signals about the economy . These indicators often influence market sentiment and could drive volatility in Bitcoin and others. Manufacturing PMI : Rose to 50.1 in January from 49.4 in December, signaling a slight improvement in manufacturing conditions. Services PMI : Declined to 52.8 from 56.8 , marking the slowest growth in nine months . Potential Impact on Bitcoin( BINANCE:BTCUSDT ) : The slowdown in the services sector may lead to increased market uncertainty, potentially driving investors toward alternative assets like Bitcoin. However, the modest uptick in manufacturing could offset some of this uncertainty. Overall, Bitcoin might experience heightened volatility as markets react to these mixed economic signals. ------------------------------------------ Regarding the news of the last 24 hours that came in the crypto , the news has been positive as in the past days and weeks: President Trump signs an executive order for a national Bitcoin strategic reserve. SEC Eases Rules for Banks to Safely Hold Bitcoin and Crypto. In general, from Donald Trump's inauguration until Trump's speech , the crypto market has been very excited , and we even saw a bull trap in the Bitcoin chart. Generally, the news can affect the trend , but we must also pay attention to the technical zones on the chart . ------------------------------------------ Now, let's take a look at the Bitcoin chart on the 1-hour time frame . Bitcoin is moving in the Resistance zone($107,300-$105,400) near the upper lines of the Symmetrical Triangle . Educational Tip : A symmetrical triangle is a continuation pattern where the price forms converging trendlines of lower highs and higher lows, indicating market indecision. A breakout usually follows, signaling the trend's direction. Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . I expect Bitcoin to once again decline to at least the lower lines of the symmetrical triangle . In general, if any of the lines of the symmetrical triangle are broken, Bitcoin can continue in the same direction . Note: In general, the Volume Trading on Saturday and Sunday is low, and if Bitcoin fails to break the upper lines of the symmetric triangle in the next few hours, we can expect Bitcoin to correct to the first target that I specified in the chart. Note: If Bitcoin goes above $108,520, we can expect Bitcoin to increase at least to Cumulative Long liquidation Leverage($111,053-$109,594). Can Bitcoin make a new All-Time High(ATH)!? Please share your ideas in the comments. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
40
GOLD → A U-turn? Medium-term targets. Up ahead, 2790FX:XAUUSD is taking advantage of the dollar correction and almost reaches ATH 2790. The chance of updating the maximum is quite high, but there are a few “BUTs”. Let's talk about the medium term and possible targets Economically, the coming week will be quite important, there will be decisions on the Fed Funds rate , US GDP and PCE . If the rate remains unchanged and the Fed's rhetoric is tough, this could put pressure on gold, a softer policy would support the metal, as would a slowdown in GDP growth if supported by actual data. PCE data may indicate that inflationary pressures remain. If the data is better than expected, it will strengthen the chances of further Fed rate hikes, which in turn will support the dollar and reduce demand for gold. Technically, the price is heading towards 2790 and the chance of reaching this target is quite high, but the potential for further upside after breaking the resistance is not there yet as there is no energy to do so. A strong move of 8% (since December 18) could easily be stopped by the resistance level ahead and gold could go into correction or consolidation Resistance levels: 2790 Support levels: 2762, 2750, 2735 Overall, expected economic data points to support for the Dollar, which could put pressure on gold. Highlights for Gold are FOMC results and GDP data, as well as unexpected deviations from the forecast in economic data, which could change the current dynamics. What to expect from the price? Most likely, after a correction to 2762 (liquidity zone), growth will resume and the price will head towards the most important target at the moment - 2790. The one and a half month rally may end with a false breakout of 2790 and the beginning of correction. I am not talking about the trend reversal yet, as we should follow the market reaction to the general situation. Zones of interest within the correction may be several local and several global zones: Local targets (if bullish): 2762, 2735 Medium-term targets (if trend change is confirmed): 2714, 2689, 2643 Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
Bitcoin at a Crossroads Will $104K Support Hold the Line ?Bitcoin/USDT market, where price action is confined within a symmetrical triangle pattern. This pattern reflects a period of consolidation and market indecision, as buyers and sellers are evenly matched, leading to a narrowing price range. The eventual breakout from such a formation is often significant, as it indicates the market's chosen direction. A notable observation on the chart is the fakeout above the upper trendline. The price briefly moved past this resistance but failed to hold, retreating back into the triangle. This suggests weak bullish momentum or strong resistance, possibly trapping early buyers and increasing volatility as these positions are unwound. Bitcoin's movement has also impacted altcoins. The retreat within the triangle appears to have triggered another round of declines in altcoin prices. Given Bitcoin's dominance in the crypto market, its stability and direction often dictate broader market trends. A decisive move by Bitcoin is critical for a potential recovery in altcoins. The $104,000 level serves as a crucial support area in the current scenario. A breakdown below this support could lead to intensified selling pressure, with the next potential targets around $102,000 and $100,000. On the other hand, if this level holds, it could act as a foundation for another attempt to break above the triangle's resistance. This would restore market confidence and likely initiate a rally. There are two potential outcomes. A bullish breakout above the triangle, supported by strong volume, could spark upward momentum and drive altcoin prices higher. The measured move target for such a breakout would typically equal the height of the triangle projected upward. Alternatively, if Bitcoin fails to hold $104,000, the bearish scenario would see a breakdown below the lower trendline, resulting in a deeper correction. Volume analysis is essential in this context. A genuine breakout is often accompanied by significant trading volume, while low-volume moves are more likely to reverse or fail. Traders should remain cautious, especially as the price approaches the apex of the triangle, where volatility tends to spike. Bitcoin's price action is also influenced by external factors such as market sentiment, news events, and broader macroeconomic conditions. Considering these elements alongside the chart structure is essential for a comprehensive analysis. Traders should wait for a confirmed breakout above or below the triangle before taking directional positions, with stop-losses in place to manage risk effectively.
BINANCE:BTCUSD.P
by wolfchemist
The Symmetrical Triangle Pattern: What It Is and How to Trade ItHello, Traders! Yes, we know that we’re not in math class, but have you ever noticed triangles forming on your trading charts? These aren’t random shapes — they’re symmetrical triangle patterns, and they hold some of the market’s best-kept secrets. Think of them as the market’s way of hitting “pause” before making its next big move. These patterns might look simple, but they can be useful for traders who know how to use them. In this article, we’ll explore what a symmetrical triangle is, how it forms, and how to master symmetrical triangle trading for both bullish and bearish opportunities. What Is a Symmetrical Triangle Pattern? A symmetrical triangle pattern is a chart formation that signals a period of consolidation, where the market shows indecision before making a decisive move. It forms when an asset’s price creates a series of lower highs and higher lows, converging into a triangle shape. Key features of a symmetrical triangle chart pattern: Converging Trendlines: The highs and lows get closer together as the pattern progresses. Volume Decline: Trading activity often decreases as the triangle narrows. Breakout Potential: The price typically breaks out before reaching the apex of the triangle, leading to a strong move in one direction. This symmetrical triangle arrangement is considered a neutral pattern—it doesn’t favor bulls or bears until the breakout happens. However, the context matters: if it forms during an uptrend, it’s often a bullish symmetrical triangle; during a downtrend, it could be a bearish symmetrical triangle pattern. How Does a Symmetrical Triangle Pattern Form? Strong Initial Move: Symmetrical triangles usually form after a sharp price movement, acting as a consolidation phase. Lower Highs and Higher Lows: Buyers and sellers battle for control, causing the price to move within a narrowing range. Volume Contraction: As the price approaches the triangle’s apex, volume often dries up, reflecting market hesitation. Breakout: The price finally breaks out of the triangle, accompanied by increased volume, signaling the market’s next direction. This breakout is where traders find opportunities, making symmetrical triangle pattern trading a valuable skill. How to Trade Symmetrical Triangle Patterns Trading a symmetrical triangle effectively requires patience and discipline. Here’s how you can do it: 1. Identify the Pattern Spotting a symmetrical triangle stock pattern is your first step. Draw trendlines connecting the lower highs and higher lows, ensuring they converge symmetrically. 2. Wait for the Breakout The key to success is waiting for the breakout, which typically occurs before the apex. Bullish Breakout: The price breaks above the upper trendline, signaling a potential upward move. Bearish Breakout: The price breaks below the lower trendline, indicating a potential downward move. 3. Confirm with Volume A breakout without increased volume is risky. Look for a significant spike in volume to confirm the breakout’s validity. 4. Set Your Entry, Stop-Loss, and Target Entry: Enter the trade after the breakout is confirmed. Stop-Loss: Place your stop-loss just outside the opposite trendline for risk management. Target: Measure the height of the triangle and apply it to the breakout point to estimate your price target. Bullish vs. Bearish Symmetrical Triangles Bullish Symmetrical Triangle: Forms during an uptrend and often signals continuation. Bearish Symmetrical Triangle Pattern: Appears in a downtrend and suggests further downside potential. Knowing whether the symmetrical triangle arrangement is bullish or bearish can help you prepare for the breakout more effectively. Why Symmetrical Triangles Deserve Your Attention The symmetrical triangle pattern is more than just a shape on your chart — it’s a signal of market indecision that can lead to significant opportunities. It can help you capitalize on breakouts and navigate consolidation periods with confidence. But remember, no pattern is foolproof. Always confirm breakouts with volume, set proper stop-losses, and combine symmetrical triangle trading with other analysis tools for the best results. So, traders, how do you approach symmetrical triangles? Have you caught a symmetrical triangle breakout recently? Share your experiences!
WHITEBIT:BTCUSD
by WhiteBIT
TRUMP'S WORLD ECONOMIC FORUM SPEECH - $120K NEXT (?) As illustrated, I'm visualizing what could be the breakout of a symmetrical triangle. Because this structure formed above key pivot areas and psychological price level of $100K, there is reasons to believe it indicates a healthy and adequate uptrend, being such pattern a continuation with a potential new bullish impulse that could drive price to new ATH at least just below $115,000 , and in extension to $120,000 in the near future. Price should hold the psychological barrier of $100K and in extension to the downside, $95K should serve as a major support. -- GOOD LUCK!
BITSTAMP:BTCUSDLong
by PersaGold
MOCA/USDT: READY FOR A BIG PUMP!!🚀 Hey Traders! 👋 If you’re loving this setup, smash that 👍 and hit Follow for proven trade ideas that actually deliver! 💹🔥 MOCA is currently trading within a symmetrical triangle on the 4-hour chart and bouncing perfectly off the lower trendline. A solid breakout from this structure could lead to a massive pump! 🚀 Here’s the plan: 📌 Entry Range: Current Market Price (CMP); add more on dips. 🎯 Target: 200%–250% gains. 🛡️ Stop Loss (SL): $0.158. ⚙️ Leverage: Keep it low (max 5x). 💬 What’s Your Take? Are you bullish on MOCA’s breakout potential? Drop your analysis, predictions, or strategies in the comments below! Let’s crush this market together and lock in those gains! 💰🔥
Long
by CoreCrypto1
4
#BEARISH BIAS (SYMMETRICAL TRIANGLE)We are currently trying to find a trade opportunity in the GBPJPY currency pair. On the 1D time frame, the market has formed a symmetrical triangle pattern, which indicates that there are chances of the price moving downward. For now, we will wait for the price to reach our resistance level and observe how it reacts at these key levels. Once the price reaches these key levels, we will look for some bearish confirmation, such as candlestick patterns or price action signals, before taking action. Let's work together to seize this opportunity when the price reaches the key levels. Trigger your trade after confirmation. Further update will be provided time to time. Follow on T-G .
Short
by amywade6257
XRP/USDT BREAKS OUT: 50% Surge Incoming?🚀 Hey Traders! 👋 If this setup excites you, hit that 👍 and smash Follow for trade ideas that deliver real results! 💹🔥 XRP: Ready for Takeoff! 🚀 XRP has shattered its symmetrical triangle on the 4-hour chart and is now retesting the breakout level. If this level holds, we're looking at a potential 50% surge to the upside! 📈 This could be your golden entry—don’t miss out. Trade Setup: Entry Zone: Current Market Price (CMP); add up to $2.30 Profit Targets: $2.62 / $2.86 / $3.12 / $3.38 / $3.66 Stop Loss: $2.16 (Stay safe!) Leverage: Keep it conservative (Max 5x) 💬 What’s Your Take? Do you see XRP’s explosive potential here? Let us know your analysis, strategies, or predictions in the comments below. Let’s conquer this market together and bag those profits! 💰🌊
Long
by CoreCrypto1
BTC: QUICK UPDATE AND CPI EFFECT!!🚀 Hey everyone! 👋 If you’re loving this analysis, smash that 👍 and follow for more high-value trade setups that actually deliver! 💹 BTC Update: Bitcoin is currently forming a symmetrical triangle while holding the $90k support like a champ! 🚀 It’s bounced back strongly so far and is trading within the triangle—but the next big move hinges on the CPI data. 📊 Here’s what to watch for: Bullish Scenario: If CPI data is favorable, we could see a breakout from this triangle, potentially driving BTC to a new all-time high (ATH)! 🌕 Bearish Scenario: If CPI data disappoints, BTC could revisit the $90k support. A break below $90k might take us to $85k or even lower levels. 💡 Key takeaway: Stay cautious and wait for the CPI data to give us a clear direction. 🔥 What’s your take? Are we heading for a new ATH or dipping below $90k first? Let us know your thoughts in the comments! Let’s navigate this market together—stay tuned for updates! 🚀
by CoreCrypto1
GOLD → False or true resistance breakout?FX:XAUUSD is trying to consolidate above the previously broken boundary of the ascending channel and symmetrical triangle. The struggle that has not ended creates risks for both buyers and sellers. Economic problems in China and Trump's policy risk continue to support gold. Inflation expectations are rising amid rising oil prices and the outlook for trade policy in the US. Friday's NFP report showed strong employment growth, making it less likely that the Fed will significantly cut interest rates in 2025 Traders' attention is also focused on CPI data to be released on Wednesday and its impact on future Fed policy. Resistance levels: 2690, 2700 Support levels: 2685, 2678, 2665 At the moment, the price is in consolidation above previously broken resistance. If there is no bullish momentum and the price makes a false break of the channel resistance, in that case gold may go down to 2678 - 2665. BUT, a break of the local downside resistance could trigger buying and upside to targets: 2700 Regards R. Linda!
FX:XAUUSDShort
by RLinda
16
EURCHF strong bullish expectations for next periods OANDA:EURCHF highly interesting chart, many pulls back, strong zones and nothing special we are not see still, here having strong bullish expectations for next periods, let's analyze. Trend line visible (doted line), price is make few push on her, but we can see there are not bi with some strong returns, long moves, after pushes are come pull backs. Currently price is on strong zone, and SYMMETRICAL pattern is visible and ASCENDING TRIANGL pattern is visible, their structure are much more better visible on lower TFs 2 and 1h. Here on todays events expecting bullish push SUP zone: 0.93700 RES zone: 0.94750, 0.95000
Long
by DepaTrading
GOLD → Paranormal growth on the back of strong NFP...FX:XAUUSD is rising with the dollar and strong NFP data. Those who shouted that the metal is ceasing to play the safe haven function are very much mistaken :) The surprise of rising NFP data and rising gold, which is not specific in this context, surprised the market quite a lot. After all, rising data points to a more hawkish stance of the Fed and generally medium-term policy in the US. But based on the environment, we can say that gold is rising because of the risks of the policy of Trump, whose inauguration will be held on January 20. Now all eyes are on the US Inflation data. The upcoming week, will be quite interesting. Technically: GOLD is breaking the consolidation resistance (symmetrical triangle) and is trying to consolidate above this boundary. Most likely, the struggle will continue and the price may test the previously broken figure boundary or liquidity zone 2675 - 2664, which will determine the further development of events. Resistance levels: 2698, 2721, 2750 Support levels: 2675, 2665 The situation is quite unstable, as there are too many factors putting pressure on the prices. Accordingly: if after the retest the bulls are able to keep the price above 2680-2690, the growth may continue in the mid-term ( till January 20 approximately ). But! If the bullish structure will be broken and bears will start to keep the price below 2680, it can provoke correction to 2665, 2650. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
12