Gold (XAUUSD) Technical Analysis Summary (2-Hour Timeframe): 1. **Price Action**: - **Current Price**: 2,859.85 (down 0.36% intraday, but closed at 2,859.82, up 0.13% from prior close). - **Session Range**: High **2,860.06** | Low **2,855.78**. - Near-term resistance at **2,860.06**; support at **2,855.78** (session low) and **2,857.25** (EMA 20). ...
In the coming weeks, XAU/USD (gold) could experience some volatility, with the potential for a small retracement before continuing its upward trajectory. If the market sees a temporary pullback to a key support level, such as the recent low, and the overall market sentiment remains bullish, it's possible the price could rebound and rise toward the target of...
Based on the pivot point at 97,071, I expect a potential bearish level. If that level is broken, a drop to 91,781 seems like the next potential target based on the analysis. Are you looking at this from a technical analysis perspective, such as using support/resistance or trend lines, or are there any other indicators you factor into your view?
Got it. In trading, resistance at 80.100 likely refers to a price level where an asset has historically faced selling pressure, preventing it from moving higher. When this resistance "breaks," it means the price has successfully moved above that level, potentially signaling further upward movement. Here’s how to confirm a clean resistance break: 1. Candle Close...
Your statement outlines a clear trading strategy based on support and resistance levels. Here's a refined version for clarity: 1. Uptrend Expectation: As long as the price remains above the 3.000 support, a resumption of the uptrend is expected. 2. Confirmation of Uptrend: The uptrend will be confirmed when the resistance at 3.955 is broken. 3....
The analysis outlines a technical scenario for a financial instrument based on key support and resistance levels: 1. **Resistance at 199.790**: - As long as the price remains **below this level**, the **downtrend is expected to resume**. This resistance acts as a ceiling, where selling pressure may dominate, reinforcing the bearish bias. - A **break...
It sounds like preparing for a potential upward movement in the market. With the pivot point at 0.62225, it could be a good area to watch for price action confirmation. Waiting for bullish candles to appear before entering a position is a smart strategy as it confirms market sentiment.
I expect the market to break the 0.81362 resistance level and move higher. This rise has the potential to go up to 0.83662.
**Market Outlook and Technical Perspective** **Key Price Levels:** - **Resistance Threshold:** 113.030 – A decisive break above this level would negate the bearish outlook, suggesting potential trend reversal. - **Support Targets:** Immediate downside targets are 106.332 and 104.805, with a critical *Major Support* at 102.800. A close below 102.800 confirms...
GBP/USD is approaching a key horizontal support level at 1.2365, which has historically proven to be strong. This level could serve as a solid foundation for a bullish rebound, offering a prime opportunity for a local move upward. If the price holds at this support, we can expect a potential bounce, making it an attractive buy zone for those looking to capitalize...
If the market price breaks the 0.94280 pivot point and falls below it, there’s a strong possibility of a bearish move, potentially targeting the next support level at 0.92858. A break below the pivot point could signal a shift in momentum, and with the support at 0.92858 acting as the next significant level, the market could find some relief or bounce there. If...
my opinion As short as 1.03810 form Résistance, 1.02960 is the target Alternative scenario A rise above 1.03810 opens the way to 1.04159 - 1.04638 to 1.04638 Technical commentary The RSI is below the neutrality zone of 50. The MACD is below the signal line and is negative. The configuration is negative.
Given that the market price is likely to move upwards, it sounds like you’re anticipating a bullish move. With the resistance level at **0.91946**, if the price breaks above this, it could trigger further upside momentum. Setting the **stop-loss at 0.89589** provides a solid risk management strategy, as it’s a safe distance away from potential support, allowing...
In my opinion, after touching the support at 1678 , the price will start to grow. As a result, the price will come to the resistance zone . The target is 1742.
I hope it will up site Continuation. wait for Corraction. Target is 1.10947 Share your opinion in the comments and support the idea with likes. Thank you for your support! ⚠️Risk Disclaimer: All trading ideas are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position.
I hope it will Down site Continuation. Share your opinion in the comments and support the idea with likes. Thank you for your support! ⚠️Risk Disclaimer: All trading ideas are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position.