ExuberanceTrading

ExuberanceTrading

The USD/JPY daily chart shows a descending channel pattern, with price recently testing the lower boundary and rebounding. Key resistance levels are marked as TP1 (around 155.000), TP2 (approximately 162.327 - 165.941), and TP3 (near 178.490 - 178.635), indicating potential bullish targets. The price is currently hovering around 149.300, with a possible breakout...

ExuberanceTrading

Technical Overview: 1. Key Resistance Area: - The price has reached a resistance zone near $2,922 - $2,917, indicated by the red arrow. - This is a historical supply zone where sellers previously pushed the price lower. 2. Support Levels & Take Profit (TP) Zones: - TP 1 (First Target): Around $2,891.528, marked by a green support zone. - TP 2...

ExuberanceTrading

The chart indicates a bullish trend for Gold (XAU/USD), with the price moving within an ascending channel. The price has recently broken above a resistance level, which has now turned into a support zone, suggesting a potential continuation of the upward trend. A buy position could be considered around the current price level of $2,465.05, targeting the three...

ExuberanceTrading

The chart indicates a bearish trend for gold, with the price breaking below the ascending channel and failing to reclaim previous support levels, which have now turned into resistance (as indicated by the red arrows). Additionally, the price is consolidating below the critical resistance zone around $2,415, suggesting a lack of bullish momentum. The price targets...

ExuberanceTrading

Based on the Gold chart , I am entering a buy position: 1. Support Zone: The price has reached a significant support zone around 2415, as indicated by the blue horizontal area. This support level has previously acted as a strong buying area. 2. Downtrend Channel: The price is currently at the lower boundary of a downward channel. A bounce from this lower...

ExuberanceTrading

The chart indicates multiple signals for a potential sell: 1. Double Top Pattern: The price has formed a double top near the resistance level, which often signals a bearish reversal. 2. Channel Resistance: The price has hit the upper boundary of the ascending channel and started to reverse, indicating a potential decline. 3 Overbought Conditions: The...

ExuberanceTrading

The GOLD chart suggests a buy position due to the price being near the lower boundary of an upward channel, indicating a potential bounce. Multiple support levels below the current price suggest limited downside risk and strong buying interest. The price is within a marked buy zone, with a projected move towards the next resistance level around 2,515.45, offering...

ExuberanceTrading

This is my overall projection on Gold. I am looking to see Gold break the low and then shoot higher. This will also mean a break of the trending filling sell stops and use the liquidity to push the market higher. Remember to use proper risk management and manage the trade accordingly. All the best!

ExuberanceTrading

This is my overall projection on Gold. I am looking to see Gold break the low and then shoot higher. This will also mean a break of the trending filling sell stops and use the liquidity to push the market higher. Remember to use proper risk management and manage the trade accordingly. All the best!

ExuberanceTrading

The chart displays a clear bearish signal as indicated by the series of red arrows marking significant resistance levels. The price has broken below an ascending channel, suggesting a potential trend reversal. Additionally, it has failed to sustain above the yellow resistance zone and is currently trading below this critical level. The target profit levels (TP 1,...

ExuberanceTrading

Selling might be a prudent decision as the price approaches a significant resistance zone, where it has historically encountered strong selling pressure, making a reversal likely. Additionally, the formation of bearish candlestick patterns near this resistance could signal increased selling interest. Lastly, the price is near the upper boundary of the upward...

ExuberanceTrading

This trade involves shorting Gold Spot (XAU/USD) on the 1-hour chart due to a bearish reversal pattern and a break below the ascending channel's lower trendline. The price has encountered strong resistance at the 2,380-2,390 USD zone and failed to break above it, suggesting a potential downside. The entry is at 2,373 - 2,374 USD with a stop loss at 2,381.97 USD...

ExuberanceTrading

NFP News swept both sides. Re-entering on the resistance zone 2375 looking for a melt. Recall to use proper risk management.

ExuberanceTrading

Updated entry on XAUUSD. We are looking to use the given resistance as entry to short Gold.

ExuberanceTrading

I'm selling XAU/USD because the price has reached a significant resistance level around the 2365-2370 range, where it has faced rejection before. The recent upward momentum appears to be slowing down, and the red arrows on the chart indicate potential reversal points. Additionally, the price is overextended after a strong rally, making it a strategic point to...

ExuberanceTrading

This XAU/USD (Gold vs US Dollar) setup displays a descending trendline indicating a downtrend. The price has recently broken below a key support level, confirmed by a red arrow indicating a potential sell signal. The setup shows a short position with a stop loss placed above the recent swing high and a target near the previous significant low. The entry is marked...

ExuberanceTrading

This chart depicts a gold (XAU/USD) trade setup on an hourly timeframe. The key elements of the trade are as follows: Descending Triangle Pattern: The price has formed a descending triangle pattern, indicated by the converging red trendlines. Resistance and Support Zones: There are clearly marked resistance zones around the zones shaded in gray and light...

ExuberanceTrading

Gold (XAUUSD) Short Trade Analysis and Prediction Instrument**: Gold Spot (XAUUSD) Time Frame**: 1-Hour Chart Pattern**: Rising Wedge Trade Setup**: Short Position Entry Point**: 2344.95 USD Stop Loss (SL)**: 2347.85 USD (Above recent high and upper boundary of the rising wedge) Take Profit (TP) Levels**: - TP1: 2318.78 USD...