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Gold ( XAUUSD ) Outlook !!!www.tradingview.com Gold (XAUUSD) is navigating a descending triangle pattern and has rebounded from its upper edge. The 50-period moving average adds an additional layer of resistance for the asset. If it breaks above the 2345 resistance level, it could clear the path to the 2365/2390 resistance Conversely, a rebound from the upper edge may trigger a decline to the 2310/2285 support level. The overall trend is positive, yet a dominant buyer has not emerged. The market is in anticipation of news. On a local scale, the trend is downward. To validate a shift to a local upward trend, the price must surpass and stabilize above the range of 2354 - 2364; this would set the stage for a potential rise to 2400. However, should the price fall below 2328, it could trigger widespread market concern.
EIGHTCAP:XAUUSD
by Goldxking
GBPJPY Strong Reversal & GBPUSD UpdateThe Japanese Yen(D) is going through the B to C leg of its correction, which we saw in the yen pairs in the last 24 hours. The GBP/JPY is our pick for a long trade because it has a more technical-bullish outlook than most other yen pairs. More info in the video. GBP/USD The cable broke higher yesterday above 1.2634 , the limit for any downtrend continuation. The violation of this point invalidated the expected downtrend continuation trade. We must wait for the price to conclude the current rally before we can act on a new position in the cable.
Long
by Charts247TradingAcademy
3
possible Head & shoulder patternthere is a possibility that nifty smallcap 250 can for a head and shoulder pattern here, which can bring it down by total of 11%, and 7.7% after the formation gets completed. It is very likely that the market will not complete this pattern, but just for awareness and availability of different perspective I wanted to post about it. also, please do not take any decisions too quickly based on this as patterns are for very short term but in the long term I'm still very bullish on the midcap and smallcap index.
NSE:NIFTYSMLCAP250
by anmol18888
General trading strategy today, which areas should Sell and Buy?Gold prices in Asia increased in the afternoon trading session on May 14, as the market is awaiting important inflation reports expected to be released this week, for more clues about the speed and scale of interest cuts. interest rate of the US Federal Reserve (Fed) this year. Spot gold price increased 0.2% to 2,338.78 USD/ounce, while gold futures price increased 0.1% to 2,344.70 USD/ounce. The US producer price index (PPI) is expected to be announced at 6:30 p.m. Vietnam time, followed by the consumer price index (CPI) on May 15. According to a Reuters poll, CPI figures are forecast to show core inflation rising 0.3% in April from the previous month, down from 0.4% in March, pulling down the inflation rate. annual inflation down to 3.6%. If gold can hold above the level of 2,320-2,330 USD/ounce, it is a positive sign, meaning gold is gaining momentum in the short term. And with the push from weaker CPI figures (if any), he thinks gold is likely to rise to all-time highs in the short term. The weak jobs report and lower-than-expected US non-farm payrolls reported in April released last week have increased expectations about the possibility of the Fed cutting interest rates this year. According to a majority of economists polled by Reuters news agency, the Fed is expected to cut interest rates twice this year, starting in September.
TVC:GOLDShort
by FalCol_TradingMaster
A positive view - Let's Bear up Let's go back in while, price seems to be rejecting at resistance level back in 2018. we see a huge fall after 2018 falling as far as 79%, price is rejected at support which was formed back in 2014-2015. Moral of the story : we check history to forecast present!! Some Ethics : 1. resistance breakout after long span of time (3 years) 2. target identified as the previous range between S\R levels 3. 346-357 was the resistance range since 2018 may act as strong support in upcoming event 4. I used super-trend to check if price continuation persist on same level Marking multiple levels based on previous rejection and price retest 1. 628.05 - 659.90 as resistance range 2. 515.85 - 551 as support range 3. recent rejection from 446, price hits target of 515 which was it's previous support (acting resistance level) 4. With the rejection on resistance we also see a shooting star formation of approx. 4% with which we consider a fall with size of candle. 5. But, in last session we saw a momentum, price peaked up but did not resist at resistance and fell by 4.7% If we consider previous S\R levels on basis of fall and rise, we can assume that it may fall by more 3-4% and we may see short covering at this level @ 483 and may see upper levels of 515 to 551. Personal views only, please do your own research -> Let's see if movement goes along
NSE:GHCLLong
by Ethical_Bear
GBP/USD - Downtrend Resumes below 1.2466The 15-minute timeframe is now a downtrend, we saw a completed wave structure yesterday. The pullback to that move is valid and we expect a follow-through. Having said that, the 1Hr timeframe is still not 100% Bearish, we need to see a break below 1.2466 before we can safely say the H1 is now bearish. The alternative Scenario is this; If the price should fail to break below 1.2466, and it proceeds to break above the (c) high 1.2506, we will reverse the position and buy immediately. Right now we are bearish and we sell or do nothing.
Short
by Charts247TradingAcademy
2
Wave structure Multi timeframe analysis - CAD/JPY & GBP/USDCAD/JPY The outlook of the CADJPY is very bearish, based on the Multi-timeframe waves structure count we should be expecting more downside in the pair. The bearish wave structure (4) on the H4 timeframe is not complete yet, we have seen a bearish 0, 1, 2, and 3 wave structures on the M15 timeframe. Having seen the 3 waves, we now have a more than 70% probability that the trend will complete the cycle which means we will see the momentum low 5. GBP/USD We have seen two trend-changing patterns in the GBP/USD. On Friday we have also seen a strong rejection from the high and this move down has created a potential 3rd structural failure, this means the current secondary trend is about to change to the downside. Our short will be valid when the price trades below 1.2538; this will be a final confirmation of the trend change
Short
by Charts247TradingAcademy
3
BTC - Potential new ATH by the end of this monthWe're currently in a downtrend, with Lower Lows and Lower Highs; however, it seems to be looking slightly bullish right now. Lots of different data showing the price will likely increase to ~70k within the next few weeks. There is a lot of resistance within the yellow zone highlighted here. The price will likely face rejection within this zone and if we're lucky will correct back to ~62k support at the lowest. From there there is a better chance of the 70k movement occurring. The price is currently very undervalued, but also volume is quite low. This is likely due to the fact many have bought and are still holding, and new investors are waiting to see what will happen. If the price however drops below 56.6k on the rejection, we may see extended bearish price movement to the 48-52k region, but likewise this should just be temporary; but it will postpone the 70k+ push by likely a few weeks. If the trend however is bullish, this could result in a new ATH by the end of this month. A new ATH by the end of this month would put the price of BTC back on track with its trajectory to reach 198k by end of June 2025.
Long
by YinYangAlgorithms