NexusTradesZone

NexusTradesZone

Hello, buddies. Given the decline, the price has now established a solid floor, and we expect it to continue growing; nevertheless, we must enter a price correction, therefore we have selected the best possible support point for you... We will wait for a new ceiling to be registered before proceeding with the purchase transaction, but with careful risk and...

NexusTradesZone

Overview: This USD/JPY daily chart shows a potential bearish reversal setup after a break below key support and trendline structure. The pair has recently dropped below a critical demand zone (highlighted in green), which has now turned into resistance. The price is currently attempting a pullback, and a potential rejection from the resistance zone aligns with...

NexusTradesZone

Pair: BTC/USD Timeframe: 4H Current Price: $86,486 (-2.37%) 🔍 Market Overview Bitcoin has been trading within a well-defined double downward channel, indicating a period of correction. The price is approaching a key support level, which could act as a potential reversal point. 📊 Technical Analysis 1️⃣ Double Channel Down Formation BTC has been moving within two...

NexusTradesZone

Hello traders 💰 Gold Spot (XAU/USD) - 2H Chart Analysis 🔍 Market Insights: 🔹 Uptrend Channel Breakout: Gold was trending in a bullish channel but broke out and transitioned into a flat consolidation. 🔹 Flat Price Action: After multiple rejections at the top, price has failed to continue the bullish momentum. 🔹 Potential Breakdown: The price is now showing bearish...

NexusTradesZone

Hello, Traders! 👋 What are your thoughts on gold? Gold remains in a robust uptrend, with each downturn providing a buying opportunity inside the trend. The ideal strategy at this point is to wait patiently for a price pullback to support levels before starting a buy position. Another method is to wait for a break above the most recent high before buying on a...

NexusTradesZone

Gold continued to fall sharply today, with the lowest price so far being at $2924. Although gold has paused its recent record-breaking surge, the positive potential of gold remains. First and foremost, the 4-hour chart shows that gold is trending from 2876 to 2956, with 2925 serving as the trend's Fibonacci 618 support. If the callback does not exceed 618, there...

NexusTradesZone

Can gold still hit 3000? Today, Tuesday, February 25, let's look at gold. Gold has repeatedly reached the high point of 2955, but it has never been broken. It tried again yesterday but was blocked again. The significant negative retracement in the US market failed to sustain the intraday recovery, and it finished at a high price after bottoming out and...

NexusTradesZone

The XAU/USD Pair on the M30 period offers a potential selling opportunity due to the recent formation of a Trendline Breakout Pattern. This indicates a shift in momentum to the downside in the coming hours. For a short trade, consider entering around the pattern's trendline. Target levels: 2904 (first support) and 2880 (second support). : 🚨 XAU/USD – Trendline...

NexusTradesZone

Why Might Gold Continue to Decline Further? According to our latest two analyses, price fluctuations have verified our first thoughts. During the initial bullish attempt, gold achieved a new all-time high of $2946.80 before retracing back below the structure to $2918.46. The following day, gold rose to $2954.80 before falling below the structure to $2916.60. For...

NexusTradesZone

Hello everyone, today I'm ready to provide you with Gold analytics. Not long ago, the price surged into the support zone before correcting back down to the trend line. Following that, it reversed and began rising in a wedge formation, finally hitting the support level, breaking through it, and continuing higher. Later, gold rose into the resistance zone, but it...

NexusTradesZone

This week, the XAUUSD market was consolidating rather than trending, with momentum primarily seen on Tuesday. Despite this, the weekly candle closed bullish, making it the eighth consecutive bullish weekly candle. On the daily timescale, the last three candles are doji candles, indicating consolidation near the previous week's high level. This shows that the...

NexusTradesZone

Gold's one-hour chart analysis indicates that the price has precisely followed our prior estimate, reaching the projected level of $2951. Comparing the last five assessments demonstrates the accuracy of these projections. Gold is currently priced about $2947, down from $2951 when it peaked. I foresee a little retracement before another upward...

NexusTradesZone

Hi, traders. I'd like to share with you my thoughts on Gold. On this chart, we can observe that the price has recovered from the mirror line and begun to rise. Shortly later, it approached the support level, broke it, and hovered for a while before returning to the mirror line. Later, the price broke through the support level once more and resumed trading inside a...

NexusTradesZone

Why Might Gold Continue to Decline Further? According to our latest two analyses, price fluctuations have verified our first thoughts. During the initial bullish attempt, gold achieved a new all-time high of $2946.80 before retracing back below the structure to $2918.46. The following day, gold rose to $2954.80 before falling below the structure to $2916.60. For...

NexusTradesZone

The XAU/USD (Gold) price is in a bearish trend, with further drops expected after testing the 2946 level. You anticipate probable support levels of 2920, 2910, and 2995. However, you're also wary of selling because to the strong bullish trend, which might lead to a rebound to 2955 if the market displays resilience following the projected downturn. Your analysis...

NexusTradesZone

Hi, traders. I'd like to share with you my thoughts on Gold. On this chart, we can observe that the price has recovered from the mirror line and begun to rise. Shortly later, it approached the support level, broke it, and hovered for a while before returning to the mirror line. Later, the price broke through the support level once more and resumed trading inside a...

NexusTradesZone

Gold (XAU/USD) is showing a potential Elliott Wave structure on the 2H timeframe, with a completed 5-wave impulsive move followed by an ABC correction. 🔴 Key Resistance: 2947 🔵 Key Support: 2923 📊 Possible Scenarios: 1️⃣ A rejection from resistance (2947) could confirm a wave C down to the 2907 - 2893 zone. 2️⃣ A clean break below 2923 could trigger further...

NexusTradesZone

🔻 XAU/USD Bearish Setup – Double Top Rejection! 📉 🔹 Gold Spot (XAU/USD) – 2H Chart Analysis 📊 Current Price: $2,936 🎯 Target 1: $2,920 🎯 Target 2: $2,907 🛑 Stop Loss: Above $2,950 📌 Key Insights: ❌ Double Top Formation: Price has rejected a key resistance zone twice, indicating a strong bearish signal. A potential lower high has formed, reinforcing downside...