Gold has shifted its structure from bullish to bearish on the daily timeframe. On the 1H timeframe, it is forming a lower low, lower high pattern. The immediate resistance is at 2578. A breakout above this level could lead to a move towards 2603. However, if the 2578 resistance holds, gold is likely to retest the support zone at 2548-2538. A breakdown below this...
PSO is currently in a bullish trend and has completed an AB=CD pattern. The price is now testing a weekly resistance zone of 259-268, suggesting a potential healthy retracement in the near term. The next favorable buying zone is anticipated around 210-220. For current buyers or holders, a stop-loss at 245 is recommended to manage risk.
GBPCAD: Currently in a bearish trend. Consider taking a short entry if the support level breaks down. Stop loss (SL) and take profit (TP) levels are highlighted on the chart.
EURAUD (15-Minute Time Frame) has formed a higher high, indicating a bullish trend. If the previous lower low remains intact and the resistance level is broken, this could present a good buying opportunity. However, if the resistance level does not break, consider looking for a short entry.
PSO is currently in the Fibonacci golden pocket and above the support level of the previous high. If the price breaks out above 185.70, it can test the 200 level and then 213. If the price breaks down to 174, then it might retest the 145-150 level.
BERG appears to be consolidating within an accumulation zone, suggesting a potential trade opportunity. Consider buying once the price surpasses 70, setting a stop loss at 60, and targeting a profit of 82. The stock is exhibiting a pattern of higher highs and higher lows, potentially indicating the formation of a new higher low, particularly as the price resides...
In the lower time frame, XAUUSD demonstrates a bullish trend within a symmetrical triangle formation. Traders are positioned to open trades based on either a breakout or breakdown from this pattern, aligning with targets set within the symmetrical triangle.
SOLUSDT appears to be encountering a resistance level, indicating potential price resistance. There's a suggestion of a possible retest of the support level. A trading strategy could involve selling if the price drops below 112.8, with a suggested stop loss set at 119 to manage risk.
GGL appears to be in an accumulation phase, marked by a bullish divergence and the formation of a bullish candlestick pattern. Consider initiating a buy position if the price surpasses 10.30, with a suggested stop-loss set at 9.37. Targets for profit-taking could be set at 11.20 (TP1) and 11.90 (TP2).
Currently, AUDUSD is at a support level, indicating a potential buying opportunity. There's also a bullish divergence, signaling further upward momentum. Therefore, consider buying above 0.65260 with a stop loss set at 0.6507 and a take profit target of 0.65580.
XAUUSD is currently at a support level, displaying a bullish hammer candlestick pattern on the 15-minute time frame. Consider entering a long position at the current price of 2032.80, setting a stop loss at 2027, and targeting a take profit level at 2038.
XAUUSD is currently challenging a key resistance level. Consider a short sell if the price drops below 2055, setting a stop loss at 2062. Target profits are set at 2047.80 (TP1) and 2043.66 (TP2).
XAUUSD is undergoing another test of the prominently highlighted support region, presenting a confluence zone attributed to the ascending trend line. Consider initiating a buy position if the price surpasses 2034, setting a stop loss at 2026, and targeting a take profit level of 2042.
"XAUUSD is currently experiencing a bullish trend, forming higher highs and higher lows. It is currently at a support level, presenting a potential buying opportunity at the current price. Consider entering a long position with a stop loss at 2024, targeting take profits at 2044 (TP1) and 2056 (TP2).
USDCHF faced resistance at the 78.6% Fibonacci level, signaling a potential establishment of a new lower high on the daily timeframe. Consider initiating a short sell position if the price falls below 0.86470, setting a stop loss at 0.8732. Target profit levels are set at 0.85580 (TP1) and 0.83975 (TP2).
Observing the RuneUSDT pair within a descending channel, a double bottom pattern has emerged, accompanied by bullish divergence. Consider initiating a buy position if the price surpasses 4.360, setting a stop loss at 4.0, and targeting the first take profit level at 4.680.
The current trend suggests a channel breakdown with a target at $38,700. If you haven't shorted already, consider entering a short position either at the Fib Golden Pocket on a bearish candlestick pattern or at the Fib 78.6% level for potential trading opportunities.
Paypal recently broke out of a descending trend line and surpassed the lower high, establishing a higher low. The price bounced off the Fibonacci golden pocket, signaling a bullish momentum. The next potential resistance lies in the range of $73-75.