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GOLD / AFTER CONSOLIDATION, STILL BEARISH...GOLD Price dropped perfectly as we mentioned in the previous idea, and again pushed toward their resistance which is 2378 For Today again, the price will trade between 2378 and 2356 till breaking, as long as it trades under 2378, the means will continue dropping to get 2356, and the bullish reverse should stabilize above 2379. Bullish Scenario: The price should stabilize above 2379 by closing 4h candle above it, to be a bullish trend toward 2388 and 2397 Bearish Scenario: The price will drop to get 2366 and 2356, by stabilizing under 2378 Key Levels: - Pivot Line: 2379 - Resistance Levels: 2366, 2356, 2342 - Support Levels: 2388, 2397, 2420 Today's Expected Range: The price is anticipated to fluctuate between the support at 2356 and the resistance at 2397, with a bearish inclination as long as it trades under 2379.
OANDA:XAUUSDShort
by SroshMayi
CRYPTO TOTAL MARKET CAP (BULLISH IDEA)Hello Avid reader, I would like to share my take on the possible scenario for the Crypto Market. 1 - The market has been in consolidation phase for the past 4 months , creating a Typical Bull-Flag pattern . 2 - As you can see that the lows of the channel have been tested 4 times, but the selling pressure got absorbed on each test, signaling a Strong reversal. 3 - The mid of the channel (represented by dotted white line) precisely provided resistance / support to the PA in all the previous moves which is clearly visible on the chart. But the thing which I would like to highlight here, is that this time, the Price, very comfortably broke through the mid-zone and re-tested it as Support. 4 - There is a BISI (Buy-Side Imbalance & Sell-side inefficiency) highlighted by the green box. The PA might indulge this zone to grab un-touched Liquidity. 5 - USDT's Dominance is weakening and has formed a Bear-Flag pattern. Areas of interest are market on the chart. 6 - In Summary, I expect the Crypto Market cap to rise significantly in the upcoming weeks, especially in Q4 2024 & subsequently, in Q1 2025. We are likely to face some resistance in the 2.5 T to 2.55 T area, as highlighted in the red box. Thereafter, 2.7 T and 3 T would be my areas of interest for selling. Thanks.
CRYPTOCAP:TOTALLong
by shadowkh1
3
Bitcoin Showing Strength, Daily Volumetric bull candlesticks !Bitcoin is following the path according to the pullbacks we have been predicting since it fell to the demand zone. Please check each bullish candle that Bitcoin forms after each pullback, it shows strength every time Following the smart money concepts and with the movement it is making based on the structure, I am expecting Bitcoin to reach my point of interest very soon. However, before reaching my point of interest, I believe we have to consider that we will see 1 to 2 small pullbacks. Thank you for following my analysis.
COINBASE:BTCUSDLong
by RocketMike111
USOIL / Bearish confirmation toward 79.49 Technical Analysis: USOIL Current Outlook: The price is expected to touch 80.70 and then consolidate between 80.70 and 81.70 until a breakout occurs. Bullish Scenario: For a bullish trend to be established, the price should reverse and stabilize above 82.27, targeting 82.25 and 84.14. There is also a possibility of a bullish retest up to 81.70. Bearish Scenario : As long as the price trades below 81.70, it will likely drop to 79.50. The price needs to break below 80.70 to confirm the bearish trend, ideally closing a 1-hour candle under this level. Key Levels: - Pivot Line: 81.22 - Support Levels: 79.49, 77.94, 75.35 - Resistance Levels: 81.72, 82.24, 84.14 Today's Expected Range: The price is anticipated to move between the support at 79.49 and the resistance at 82.15.
TVC:USOILShort
by SroshMayi
GOLD Price Consolidation Between 2378 & 2356 with Bearish BiasGOLD Price dropped perfectly as we mentioned in the previous idea For Today the price will trade between 2378 and 2356 till breaking, as long as trades under 2378, the means will continue dropping to get 2356, and reversing should stabilize above 2379. Bullish Scenario: The price should stabilize above 2379 by closing 4h candle above it, to be bullish trend toward 2388 and 2397 Bearish Scenario: The price will drop to get 2366 and 2356, by stabilizing under 2378 Key Levels: - Pivot Line: 2378 - Resistance Levels: 2366, 2356, 2342 - Support Levels: 2388, 2397, 2420 Today's Expected Range: The price is anticipated to fluctuate between the support at 2356 and the resistance at 2388, with a bearish inclination. previous idea:
OANDA:XAUUSDShort
by SroshMayi
GBPUSD - LONG (DAILY RESISTANCE BROKEN)good evening traders, this is my setup looking at the GBPUSD. clearly shows a nice strong trend that has now pushed the barrier of the daily resistance level. can we look to push forward? i'm looking to plant my seed where shown on the chart and the signs during this pair shows perhaps my little seed shall become the full plant over the giving time! let me know what your thoughts are? perhaps show me some further detail on what you think? thank you!
Long
by RJLfamily
1
Gold Reverses from Pivot Line, Bearish Trend ExpectedGold Price Analysis: Reversal from Pivot Line Gold prices have reversed from the pivot line, which has now established a strong resistance at 2475. Stability below 2466 will likely support a decline towards 2450 and 2440 today. Bullish Scenario: For a bullish trend, the price needs to break above 2475 and stabilize. If the price can hold above 2475, it may advance to 2488. Further stability above 2488 would set the stage for a move towards 2526. Bearish Scenario: As long as the price trades below 2466, it is likely to drop to 2450 and 2440. A break below 2440 could drive the price further down to 2420. Key Levels: - Pivot Line: 2466 - Resistance Levels: 2475, 2488, 2502 - Support Levels: 2450, 2440, 2420 Today's Expected Range: The price is anticipated to fluctuate between the support at 2420 and the resistance at 2488, with a bearish inclination.
OANDA:XAUUSDShort
by SroshMayi
Gold Surges to New All-Time High Amid Fed Rate Cut Optimism Technical Analysis: Gold Gold prices recently broke through the all time-high, recording a new peak at 2482, hitting our target perfectly. Bullish Scenario: For a sustained bullish trend, the price should stabilize above 2475. If this level holds, the price could reach 2488 and gradually move towards 2500 and 2526. There is also a possibility of a retest if the price stabilizes below 2466, confirmed by closing an hourly candle under this level. Bearish Scenario: For a bearish trend, the price must stabilize below 2466. If this occurs, the price could potentially fall to 2450 and then to 2440. Key Levels: - Pivot Line: 2466 - Resistance Levels: 2475, 2488, 2502 - Support Levels: 2458, 2450, 2440 Today's Expected Range: The price is anticipated to fluctuate between the support at 2450 and the resistance at 2502, with a bearish inclination. Previous idea: Rising US Rate Cut Optimism Steers Gold to All-Time High Gold prices hit a record high on Wednesday, driven by increased expectations of a September interest rate cut in the U.S. Traders see a 100% chance of this cut, according to the CME FedWatch Tool. Fed officials, including Chair Jerome Powell, have expressed confidence that inflation is nearing the Fed's target, hinting at potential rate cuts. Key Drivers: Federal Reserve's Rate Cut Expectations: Traders are confident of a rate cut in September, boosting gold's appeal. Inflation Target: Fed officials are optimistic that inflation is approaching the 2% target, which supports the case for rate cuts. Geopolitical Risks and Recession Threats: These factors could drive gold prices further to $2,600-$2,700 by the second half of 2024. Alex Ebkarian of Allegiance Gold highlights that the anticipation of rate cuts and central banks purchasing more gold over U.S. Treasuries are key catalysts driving current price highs. However, he warns of potential volatility as the market confirms these trends.
OANDA:XAUUSDLong
by SroshMayi
1
S&P 500 Analysis: Reversal from All-Time HighS&P 500 Analysis: Reversal from All-Time High The S&P 500 recently reached an all-time high but has since reversed. Stability below 5620 indicates a continuation of the bearish trend, targeting 5584 and 5550. Earnings reports are expected to play a significant role, potentially moderating bullish momentum. Bullish Scenario: To maintain a bullish trend, the price should stabilize above 5639, aiming for 5672 and 5688. For a sustained uptrend, the price must stabilize above 5688, potentially reaching 5750. Bearish Scenario: For a downtrend, the price should stabilize below 5620, targeting 5584 and 5550, especially if a 4-hour candle closes below 5620. Key Levels: - Pivot Line: 5620 - Resistance Levels: 5639, 5672, 5688, 5750 - Support Levels: 5584, 5550, 5525 Today's Expected Trading Range: The expected trading range is between the resistance at 5672 and the support at 5550. previous idea:
OANDA:SPX500USD
by SroshMayi
BTC - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈BTC has been overall bullish, trading above the red trendline. Moreover, the $61,000 - $62,000 is a strong support zone. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support and red trendline acting as a non-horizontal support. 📚 As per my trading style: As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst