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Trend Analysis

XAUUSD: Shorting Range: 2796-2807The market is currently closed. On the 2-hour chart, there are three long lower shadows, indicating strong support below. Although the MACD indicator is facing a bearish crossover, the presence of this strong support suggests a potential for a second surge in volume. Therefore, during tomorrow's Asian and European trading sessions, if the support level in the 2780-2776 range holds, gold is likely to break above the 2790 high and test the psychological level of 2800. Additionally, tomorrow during the U.S. session, we will have the initial jobless claims data released, which I expect to have a bearish impact on gold. Consequently, the overall trading strategy for tomorrow will be to go long first and then short later. The trading range will be set with 2796-2807 as the high range and 2772-2767 as the low range.
OANDA:XAUUSDShort
by Mia-Signal
24. 11.01 Whale IndexHello, we're Whale Signal Here's an update and share of today's Bitcoin 1-Hour Whale Indicator Currently, Bitcoin is located in a very important section This is because it is the point where the purple whale index was formed and overlapped with the previous sale It is now likely to be re-formed into an important support, as it has broken through a position that has been constantly resisted If the buying in this section forms support, it is seen as a position to expect further upside In the short term, it is considered a period where the downward trend can stop, and we look forward to defending this period well and seeing a rebound However, if the section deviates, we recommend that you respond with the possibility of further decline in mind *I don't share a point of view. It's a personal opinion, and the whale indicator simply points to support and resistance. I hope you guys take a RBI single through the whale indicator in your analysis* *For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below* <> 1. The whale indicator simply points to support and resistance 2. Please refer to the whale index to find a trading RBI suitable for your analysis 3. The shape of the rod finish is important for whale indicators, so checking the closing rod helps with a stable trading strategy 4. Whale surface intensity is in the order of purple > orange > white, with purple surface indicating the strongest support and resistance
by Whale_signal
1
XAUUSD: 31/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2800, support below 2739 Four-hour resistance 2800, support below 2772 Gold operation suggestions: From the current market trend, we will rely on the 4-hour level support to arrange long orders. The support below is near the 2772 line. Focus on the previous daily level suppression to the current support 2740 line. We will look for opportunities to arrange long orders when we step back. In the middle position, we will watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market. BUY:2772near SL:2769 BUY:2750near SL:2747 BUY:2740near SL:2737 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
GOOG: Top Signal Below Critical Resistance Line!Key Observations: Inverted Head and Shoulders Pattern: The chart recently completed an inverted head and shoulders pattern, which is a bullish reversal signal. This breakout above the neckline (around $170.41) confirms the bullish sentiment. Gap Resistance: There is a notable gap resistance around $183.33. Gaps often act as strong resistance levels, and the price exploded after the last earnings report, just to close its previous gap (with an incredible technical precision, by the way). Top Signal Below Gap Resistance: The recent price action has shown a possible "top signal" just below the gap resistance level at $183.33. This could indicate exhaustion in the current bullish momentum and a potential area where sellers may become more active. What's more, according to Bulkowski's studies, a pullback after the breakout of the neckline of an iH&S occurs 65% of the time (Encyclopedia of Chart Patern). If GOOG is about to makes a sharper coreection, the timing couldn't be better. 21-day EMA: The 21-day EMA (blue line) is trending upwards and has provided strong support throughout this uptrend. As long as the price stays above this moving average, the overall trend remains bullish. Conclusion: GOOG is materializing a mid-term pullback, as observed on the daily chartt, which is statistically plausible. The 21-day EMA, along with the neckline at $170 are our next technical support levels. For now, there is no technical evidence suggesting that GOOG will reject the idea of a correction. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:GOOG
by Nathan_Black
NzdCad Trade IdeaIf you seen my last NC set up than you know I was looking for shorts with price being in a range. My original plan was to wait on price to retest the level of resistance after crashing back down the level to continue the range. I did take my first loss of the week but price managed to flip structures after 2nd pullback which is where I decided to go for another position. TP ended up getting smacked for a solid risk to reward. Price can either continue bearish or retest support to continue the range.
Short
by OfficialJ23
Buying Against The Yen On The Daily Time FrameLonged CHFJPY in the morning (now is 10:13pm SGT) after sieving through the JPY pairs in my watchlist(with Continuous Bars and Inside Bars). Price broke out of the Daily Time Frame's Minor Resistance level and continued bullishly in the previous few days. I am going for 2R TP if everything goes well. Might exit manually due to upcoming major news. Reference previous day's lows to set my stoploss and will be shifting my stoploss based on previous day's lows as long as price closes above the previous previous day's open price.
Long
by ProfessionalDuckHunter