The attached chart presents a detailed technical analysis of gold prices on the hourly timeframe. The key highlights are as follows: 1. Supply Zone Resistance: Price is currently trading near a supply zone around $2,632.592, where a potential rejection is anticipated. This zone acts as a significant resistance level. 2. Projected Price Movement: Based on the...
"XAU/USD is trading near a critical resistance zone at 2610. A clear rejection at this level and a break below the highlighted support zone could indicate bearish momentum, with a potential target around 2583. Traders are advised to watch for confirmations such as strong bearish candlesticks or increased selling volume before entering short positions. Always...
This is a Bitcoin price chart against USD on the 1-hour timeframe from TradingView. It appears to analyze potential price movements. Here's a brief breakdown: 1. Price Range: Current price: 93,707 USD. Support zone: Highlighted in white near 92,000 USD. Resistance zone: Highlighted in red above 100,000 USD. 2. Trend Lines: A descending price movement has...
XAGUSD H4 Chart Insight Bullish Reversal in Play Key Points: - Choch pattern identified after multiple BOS events - Trend reversal from bearish to bullish confirmed - Fair Value Gap observed Market Update: Silver surges after filling the Fair Value Gap and bouncing off the Point of Interest (POI) Trade Plan: SL below POI TP levels marked on the chart
XAUUSD H4 Chart Analysis Bearish Trend Reversal Confirmed Key Highlights: - Choch pattern formed after multiple Break of Structure (BOS) events - Trend reversal from bullish to bearish confirmed - Recent fill of Fair Value Gap observed Market Outlook: Gold poised for decline after filling Fair Value Gap and bouncing off Point of Interest (POI) Trading...
Trend Reversal Confirmed: GBPUSD Prepares for Uptrend Rally The downtrend has officially reversed, paving the way for a significant bullish rally. A key rectangle on the chart, marked as a support and resistance zone, has played a pivotal role in this trend reversal. This analysis combines Smart Money Concept and Price Action principles, highlighting the...