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1H Timeframe Analysis Current Price: 0.67940 Bearish Outlook: 1. 1W Chart: Bearish Engulfing (Reversal) 2. 1D Chart: Shooting Star (Reversal) 3. 4H Chart: Rising Wedge (Reversal) 4. 1H Chart: Pennant (Continuation) The price is currently at the lower trendline of the Rising Wedge. With the Pennant pattern in play, we expect a drop to 0.67755. If strong...

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2H Chart Current Price: 144.252 After analyzing USD/JPY on the 2-hour chart, the price has broken through the major support and resistance level at 143.750. It is now approaching the upper boundary of a falling wedge, marked as the Breakout and Reversal line. We anticipate that this line could act as a barrier and potentially reverse the price if the bullish...

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XAUUSD 2H Chart Price: 2622.23 Hanging Man: The highlighted candle in the chart represents a Hanging Man pattern, which is a bearish reversal pattern typically found at the top of an uptrend. The long lower wick signifies that sellers pushed the price down during the session, but buyers managed to bring it back up close to the open price, though not with...

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OANDA:XAUUSD Current Price: 2578.715 4H Chart 1 - Consolidation Support & Resistance Zone: • After breaking out of the Consolidation Zone, Gold has reached the All-Time High (ATH) of 2586.013, marking the high of the Lead-In Phase in the Bump and Run pattern. • Consolidation High Line: This line represents the price projection based on the height of the...

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Current Price: 141.683 Currency Pair: USDJPY Time Frame : 1H This USD/JPY 1-hour chart shows a clear Inverse Head and Shoulders pattern, indicating a potential bullish reversal. The neckline at 141.014 has been broken, and price is now in a retest zone. A successful bounce from this area could drive the price toward the next target at 143.724, aligning...

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OANDA:EURUSD Daily Chart Current Price: 1.10470 The OANDA:EURUSD pair has recently confirmed a Break of Structure (BOS) after breaching the neckline of the Head and Shoulders pattern, indicating a potential shift in market sentiment. Following its encounter with the Ultimate Resistance zone, the price is now retracing and appears poised to retest the neckline,...

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OANDA:XAUUSD 4H Chart Current Price: 2494.700 As of the latest price action, OANDA:XAUUSD is currently trading at 2,494, testing a critical resistance zone marked by the neckline at 2,500. The formation of a Rounded Top indicates a potential bearish reversal pattern, with sellers gaining control as the price fails to break above the neckline. Key...

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Current Market Activity: Given the recent market activity, where an inverted head and shoulders pattern formed on the Daily chart, the neckline was broken, but the price faced resistance at the 8/8 Murray level, reversed to the 0/8 level, and then rose to break the 5/8 level, and considering the rising volume and MACD signal line crossover, here’s how to...

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1H Timeframe Current Price: 2503.40 The Gold Spot (XAU/USD) recently broke below the critical 2500 level but has rebounded to 2503.40. This recovery above the major Support/Resistance pivot point at 2500 is crucial and indicates potential bullish resilience in the market. Key points: 1-Murrey Math Lines: The price briefly dipped below the 1/8 Major S/R Pivot...

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Timeframe: 30-Minute Chart Current Price: 2512.49 Technical Overview: OANDA:XAUUSD is currently trading within a well-defined parallel channel on the 30-minute chart. The recent price action has seen a decisive breakout above the Head and Shoulder's neckline and the resistance level at 2509.76, indicating a continuation of the bullish momentum. Additionally,...

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On Friday, while analyzing the 4-hour chart, we observed that Gold managed to rise above 2475, indicating the start of a bullish trend. In our previous analysis, we mentioned that as long as Gold remained below 2475, it was considered to be in a bearish channel. On the 30-minute chart, we observed that XAUUSD began rising from 2486 within a parallel channel. This...

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XAUUSD fell sharply from 2480 due to US inflation data. After rebounding from 2438, it is now trading around 2456, with potential to reach the 2468 level (7/8 on the Murray Math). As it approaches 2468, which is a strong resistance level, there may be an opportunity to sell, with a target profit at 2438. Due to the strong support level, after consolidation, Gold...