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Trend Analysis

BULLISH BTC CHEATSHEET for the next 12 months- Breakout EmminentBTC has been forming megaphone bull flag for the last 7 months adding validation to the beautiful CUP & HANDLE it has printed and recently tried to break out of this bull flag in the weekly chart testing the boundaries of the pattern. One may wonder if there is any logical behavior in this price action and some investors like me can point out to WYCKOFF Re-Accumulation happening. If you look closely it has resonated closely to Wyckoff's theory and we may be at the LPS portion of the re-accumulation. Possible breakout to the SOS level or some minor sideways movement for the next days. There has also been the bullish MACD cross on the weekly. Long term targets based on sentiment, seasonality and technical analysis indicate a long term target of 120-130k Dec 2024 and 350-380k Mar-Apr 2025. There have been anomalies that have been considered in this analysis such as the Yen Carry Trade issue. Lately there has been some volatility but I don't expect there to be any lows. Breakout is imminent! Looking to see how this plays out.
COINBASE:BTCUSDLong
by KRAKENTHETRADER
2
Market Sensitivity Ahead: Key Levels to Watch Amid NFP ReleaseTechnical Analysis The price has declined and stabilized within a bearish zone after breaking a strong support level at 2,758. Today’s session is expected to be sensitive due to the release of the NFP and Unemployment Rate data. Bearish Scenario: The price appears set to retest 2,758 before resuming a bearish trend toward 2,738 and 2,712. Bullish Scenario: Alternatively, a 4-hour candle close above 2,758 would signal a potential bullish move, with targets at 2,775 and 2,788. Key Levels: Pivot Point: 2758 Resistance Levels: 2764, 2775, 2790 Support Levels: 2738, 2712, 2695 Trend Outlook: Above 2758: Uptrend Under 2758: Downtrend
OANDA:XAUUSDShort
by SroshMayi
Will gold bottom out and rebound due to non-agricultural data?Gold began to fall sharply after hitting around 2390, but it did not continue to fall today, and continued to rise. The highest test during the day was 2757.60, which also continued the overall bullish trend momentum. Although it is not a very strong performance, it does not show a weak performance pattern after the gold price temporarily encountered resistance. The lower support position of gold is near 2739, which is expected to bottom out and rebound, and the upper resistance level is 2771, 2782. In addition, data prices fluctuate greatly and quickly, so pay attention to risk control!
TVC:GOLDLong
by Donald-trading-star
XAUUSD : Gold price reverses Gold prices have taken a significant plunge, dropping $40.6 to $2,747.5 per ounce. This sharp dip comes as investors take profits after the recent strong rally. However, despite the drop, gold still managed to notch its fourth consecutive month of gains thanks to sustained safe-haven demand. From a personal perspective, it’s likely that gold is entering a consolidation phase. It’s not surprising to see traders cashing in as several upcoming events could impact gold's trajectory, including the U.S. elections and the Federal Reserve meeting. Still, underlying drivers like geopolitical tensions and uncertainties surrounding the election outcome continue to fuel demand for gold, keeping the market in a “buy-the-dip” mode.
OANDA:XAUUSD
by Pierce_Bowers
1
Early Short entry EURUSDNice confluance at 200 EMA and 1.8000 level, gave a worning to sell the EUR, H1 gave us a power close for early entries. At the end off day if we get a nice power close from the sellers, my confidance rating will justify a short on EURUSD. Technical analysis is only conformational step to these positions. A breif description of key factors behind this Position. Recent macroeconomic trends and central bank policies support a bearish outlook on EUR/USD, with fundamental factors converging to strengthen the USD while weakening the EUR. 1. Divergent Central Bank Policies 2. Growth and Inflation Differentials 3. Geopolitical Risks 4. Market Sentiment and Positioning **Conclusion**: The EUR/USD pair appears primed for a short position based on strong USD fundamentals against Euro weakness. This trade capitalizes on the economic and policy divergence between the U.S. and Eurozone and the USD’s safe-haven appeal amidst uncertain global conditions.
Short
by JureBrumen