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GOLD - Price can make small move up and then bounce downHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from $2385 level and then entered to triangle, where it fell to support line. Then price made a strong upward impulse to $2475 level, thereby breaking $2385 level and exiting from triangle. After this movement, Gold entered to wedge, where it at once fell to support line, but then started to grow. In a short time, price rose to $2475 level, broke it, and then reached resistance line of wedge, after which fell. Price declined to $2475 level, which coincided with support zone and recently it started to grow. Now, I think that Gold can make one more movement up and then fall to $2475 support level, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
2
Bitcoin Outlook after the Dip. What to expect NOW?BINANCE:BTCUSDT is attempting to break through resistance of symmetrical triangle pattern after bouncing off support. Wait for a decisive breakout above the ma 100 to confirm the continuation of the bullish trend📝 ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
COINBASE:BTCUSD
by CobraVanguard
1
#BTC: A BULLISH RETEST??Hey everyone! Appreciate a like and follow if this analysis helps! Bitcoin is currently trading near the $61.6k level. Following a breakout from an ascending triangle, it's now retesting the triangle's resistance. The 200MA acts as additional support. A bounce from this retest is anticipated. However, a failure to hold the retest level and a subsequent close back within the triangle would invalidate the bullish pattern. In this scenario, we could see a potential pullback towards the $56k-$57k range. Potential Targets: Breakout: A successful breakout could lead to a rally towards FWB:65K -$68k. Stronger Breakout: A more decisive breakout could target $70k-$75k. What are your thoughts on Bitcoin's current price action? Share your analysis in the comments!
Long
by CoreCrypto1
1
GBP/JPY Could be About to Soar by 290 pipsGBP/JPY is stuck in an ascending triangle pattern that has been forming over the last 11 days, beginning on Thursday, August 15. The pattern is defined by a horizontal resistance line at the 192.03 level and an upward-sloping trend line. The price has been rejected at the 192.03 resistance level on multiple occasions, increasing the importance of this level. A breakout above 192.03 could lift the price by 1.5%, equivalent to 290 pips. This price target is derived from the height of the ascending triangle pattern. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
by ThinkMarkets
MYRO Update — Big Move IncomingMYRO has entered an ascending triangle pattern after its latest (massive) drop. So, just as a refresher, between the end of July and the beginning of August, MYRO lost almost 60%. Typically, an ascending triangle pattern is considered a bullish pattern. That means we should see a break to the upside at some point, followed by a sharp price increase. If this happens, we could see the price again attacking 0.14-0.15. So, again, watching the trend line is essential. Never enter too early and without confirmation!!
Long
by ben_walther
1
IMXUSDT→ Exit from consolidation. One step away from the bullrunBINANCE:IMXUSDT exits the local consolidation and also breaks the resistance of the global trend, which can be regarded as a positive prerequisite for growth. IMX is consolidating above the support at 1.386, formed in June. The area divides the market into 2 parts (long and short). Bulls are actively trying to keep the price above this zone, buyers' target is the area of 2.576. But before the rally MM can form a local long-squeeze, in which a false breakdown is possible (liquidity capture below the level) before further movement. It is also worth paying attention to MA-50, within the framework of the retest the market may test both sma and the previously broken wedge boundary before resuming the rally phase. Support levels: 1.386, MA-50, 1.076 Resistance levels: 1.543, 1.784 Bitcoin is pressuring the market, which is forming a local correction, if the flagship starts moving up, it will strengthen the overall tone in IMX. But, if still bulls hold 1.385-1.400, breaking 1.520 resistance will give another chance for growth. Regards R. Linda!
Long
by RLinda
4
GOLD MARKET AnalysisAfter Powell's speech on Friday and his comments on interest rates, gold was welcomed by buyers and moved towards its previous ceiling. On Monday, the market continued to buy gold again and raised the price to 2527. Currently, the price is close to its historical ceiling. By carefully examining the chart, we can see that the price entered the resting phase in the form of a correction triangle in an ascending channel after an ascending rally, and then broke this area upwards with a powerful candle, and on returning to it, pulled back and faced the demand again. . Currently, gold is more inclined to rise. And buying in the support areas will be a good option. The target of this upward wave can be in the area of ​​2555 and 2570 dollars.
TVC:GOLDLong
by mehdi3663digital