RSTrad1ng

RSTrad1ng

Overview: Gold (XAUUSD) is showing signs of a potential rejection from resistance, setting up for a short trade opportunity. The price has rallied into a key supply zone but is struggling to break higher, suggesting a possible reversal. Technical Analysis: Resistance Zone: Price is approaching a major resistance area around $3,030-$3,040, where sellers are...

RSTrad1ng

Overview: The US500 (S&P 500) is showing signs of a potential bullish reversal after a significant pullback. We have reached a key support level where buyers are stepping in, suggesting a possible move higher. Technical Analysis: Support Zone: Price has tested a strong demand zone and is rejecting lower levels. Bullish Structure: A higher low formation is...

RSTrad1ng

GBP/NZD 4H Trading Analysis – Bearish Setup 📉 Potential Short Opportunity 🔹 Structure Breakdown: The market broke a rising wedge pattern, signaling a potential downtrend. Price has retraced to key Fibonacci levels, providing a possible entry for short positions. 🔹 Fibonacci Levels: 61.8% (2.2565) 71% (2.2609) 78.6% (2.2648) These levels act as resistance...

RSTrad1ng

Price is currently respecting a descending channel, making lower highs and lower lows, indicating a strong bearish trend. The market is approaching a key resistance zone around 149.165 - 150.000, where a confluence of trendline resistance and a supply zone is expected to reject further upside. A sell limit is placed at 149.165, targeting a move back down to the...

RSTrad1ng

This is my overall analysis for AUDJPY with tp hitting around Mar 25. Goodluck!