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Technical-analysis
GOLD - Price can exit from pennant and rise to resistance levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price bounced from support level, which coincided with support area, and declined to support line of pennant.
After this, XAU bounced from this line and made strong upward impulse to resistance level, which coincided with resistance area.
Price broke $1990 level, and soon Gold declined below this level again, but soon rose back, making fake breakout.
Then XAU rose to resistance line of pennant, after which price at once bounced and declined to support line.
Recently price bounced from this line and now Gold trades very near from resistance line of pennant.
Possibly, price can make little correction, after which it bounce up to $2085 level, exiting from pennant pattern.
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(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below :
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Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻💻 1/14/2024 ❤️
2024 Week01 analysis. What can we expect?Last week of 2023 was a good tradingweek for us. After gold fell from 2090 an broke below 2072. We sold the market. Currently gold is moving between 2 channels. 1 big bull channel(yellow) and 1 smaller bearish channel(orange)
Below 2072 we need to focus on selling the market. ATM gold respected the support channel last week and gave a rejection to the upside. A better confirmation would be waiting for a proper break below off the bullish channel(yellow) Then we can add sells with first target 2047. If gold mange to push up again then wait for proper confirmation around 2072 for sells.
In the long run i am focusing on 2047 for potential going long again. But we need to follow priceaction around that level. Bullish target from here are 2070, 2090 and 2100
resistance: 2072, 2090, 2100
Support: 2047, 2032, 2018
BTC at Strong Weekly Resistance. Strong pull back is possibleAs can be seen dotted blue trend line is a very strong Gann resistance. Hence a strong pull back is very possible here.
btc cup and handle inside cup and handle major and minor (1d)it's cool when this stuff happens
even cooler being able to see it
major and minor trends coinciding into one big move
BTC 4 hr Rejected S/R flip (Bullish)We're ranging here between fib lines. We can see the s/r line i added that seems significant in this range. Looks like there was a breakdown that was rejected turning into a MA bounce and looking like it's gonna breakout here very soon
Bullish on ioi - usdtThis fib looking good on the daily
Just had a 50 & 200 ma cross recently
Ranging here around the .5 fib which is a lovely fib to see the highest response to!
ACENT - Bull Hammer at the end of Downtrend! Volume Increasing, went down to bottom fib and looking to make a come back!
Bull Hammer at the end of Downtrend!
Arkham ARKM Coin Price Prediction🔥 Price on the 4H chart might come at these support area and we might get a potential bounce🔥
Potential bounce areas for Buying 0.6713 and 0.5982
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Share your Thoughts if you have any?
Bitcoin momentum slowed downBTC Momentum has taken a small break after a significant move into the 40K territory. In the short term, I anticipate a continuation of the pullback to a previously established support area between FWB:39K and $38K, especially with holidays approaching. I will be closely monitoring the market and placing alerts to stay informed. This bearish expectation is based on the 50 EMA line acting as resistance and a previously double top pattern. However, it's crucial to remain vigilant as unforeseen events during the holidays can influence market dynamics. In the event of unexpected price action, it's important to have a risk management strategy in place.
GOLD ready to push for 2140 and the 618 extension?Gold has recently broken out of a bearish channel has retraced back to the 382 fib level. This predicts that price will head towards the 618 extension located at the 2140 region highlighted.
Price reacted nicely within the buy zone between 382-618 levels and is not poised to push higher.
BULLS PLAN:
- Buy dips at support and wait for role reversals
- Use lower time frames to enter into long positions and keep stop loss at sensible levels
BEARS PLAN:
- Wait for resistance levels and look for key data releases
Gold XAUUSD Intraday Signal 14-11-23R3 LRS 1988-93
R2 MRS 1968-73
R1 HRS 1948-53
S1 HRB 1938-43
S2 MRB 1928-33
S3 LRB 1918-23
These are the Supports and Resistances for the Intraday based on H1 Fibo levels combined with larger time frames SNRs.
FOR DETAILS ON HOW TO AND WHERE TO TAKE AN ENTRY. PLEASE VISIT MY PROFILE TO GET THE VIDEO LINK FOR FREE
Resistance above the next challenger for GOLDGold broke out of a recent uptrend to form a correction through positive US data and peace strategies in Gaza.
Price now finds itself hovering around 1990 with a level of resistance above in the region of 1991-1993. Price on the 4hour has also pushed lower to push off the 50/55 moving averages, prompting a possible double top on the cards.
BULLS PLAN:
- Push through this key level of resistance above and kick off a role reversal (change of character) to test highs int he 2010 region
- Watch for entries when this level is broken as currently price is too high currently to enter longs ad price moves into resistance. HIGH RISK
BEARS PLAN:
- Wait for price to reach the resistance level above around 1991-1993 and look for rejection candles
- Lower time frame charts (1m/5m/15m) for price action entry (double tops/lower lows)
- Targets medium to long term will be 1950 region
Gold XAUUSD Intraday Signal 01-11-23R3 LRS 2018-23
R2 MRS 2003-08
R1 HRS 1993-98
S1 HRB 1978-83
S2 MRB 1968-73
S3 LRB 1953-58
These are the Supports and Resistances for the Intraday based on H1 Fibo levels combined with larger time frames.
FOR DETAILS ON HOW TO AND WHERE TO TAKE AN ENTRY. PLEASE VISIT MY PROFILE TO GET THE VIDEO LINK FOR FREE
Gold xauusd intraday signal 11-10-23R3 LRS 1878 Supply Area - R2 MRS 1863 - R1 HRS 1848 SNR
S1 HRB 1848 SNR - S2 MRB 1843 Demand Area - S3 LRB 1833 Demand Area
D1 On Resistance Sma44 – MACRO FIBO MN38.2% /1903
W1 On Support Sma200 / 1814
MN On Support Sma44 / 1827 MN On Support MACRO FIBO MN 50.0% / 1848
SELL> 1963 - 1878 BUY> 1843 - 1833
OBSERVATIONS: We just entered the upper block 1853-1903. The virtual resistance at 1863 did its work to profit us. Secondly, Look how Sma44 intercepted the price and took it to our tp level. There is no change in plan, we wait for the price to test either of SMC supply or demand area. However if again Sma44 intercepted the price within Fibo levels and any other indicator signals a buy then we may enter at that support area. Remember, our working for Intraday is just to pick 50pips for instance and then take our chance on second lot for some more pips. There is no need to show positions in larger time frames today as they have remained same. There is also a high impact 3Star news today that can take the price to our targeted area. So we are not in hurry and we wait with discipline and patience to get our pennies.
Gold 1H Chart - Next Week Trade ScenarioGold was heavily bearish for past few days until it hit Weekly demand zone in 1810-20 area. In Weekly demand zone, it was pumped on Friday and look like it will remain mostly bullish in forthcoming week (or two weeks) until it hit next Supply Zone or Resistance zone near 1900's.
AUDCAD will fall!Hello traders,
Our previous AUDCAD analysis has been expired!
We are going to open opposite direction trade by opening this one.
There is 1 entry and 2 TPs for this pair.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
GBPJPY - Going shortGoing short within a support and resistance level range. Proper risk management is key.
EURUSD : "STRONG BULLISH MOMENTUM"Increase in price, EURUSD will return to resistance of 1.09428, however sustained break of 1.06465 - "support" will have a bearish implication, however, price is currently holding at current support and showing some bullish momentum below , the price is predicted to rise, when we look at the overall movement, we can actually see that the EURUSD is moving in a falling market channel, which indicates a fall in prices, however, the breakout of the main resistance will further confirm our buys.
XAUUSDXAUUSD (GOLD) changed to bullish structure after closing above previous LH.
Double bottom pattern
1st buy with strong bullish momentum candle at major key level
2nd buy at closing higher than the recent high
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!Few weeks have passed since I did my last Weekend Technical Analysis Fiesta. Seeing how the market finally saw some volatility, it's a perfect moment to do another.
My short-term view on the markets
BTC has fallen through the main bullish support which held the upward trend going all year. Considering we're coming out of a very long period of low volatility and the fact that stocks are falling, I'm anticipating more bearish price action. 20k is my next target. In the long-term, DCA'ing below 20k looks like a great strategy to me, especially alts.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
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