Gold seems to be signaling a bearish trend following a brief corrective phase.
The price has been moving within a bearish flag formation, but a recent support break has occurred.
The market is likely to maintain its downward trajectory, with a potential decline toward the 2600 level.
Trading Plan:
1. Shorts:
• Entry: CMP
• Stop Loss: Tight SL for 1:3 risk-reward.
2. Fresh Buys:
• Entry Zone: $91,658 to $91,091.
• Avoid initiating buys above this zone to ensure optimal positioning.
Bitcoin looks promising as both retail and institutional players hold onto their profits. If BTC had reached 100K, it could have triggered liquidations worth...
Generally, the direction is consolidation
Uptrend Side: Oil prices are showing bullish momentum, reinforcing projections of continued gains in the near term. The price is on track to reach our expected target of $70.50, with a breakout above this level likely to drive the upward wave further toward $71.74.
Downtrend Side: Conversely, a break below $68.64 would...
Gold has broken its trendline and is now trading below the resistance zone. Given the current conditions, it is expected that after a pullback to the broken level, the price may continue its bearish movement. Potential targets are located at the specified support levels.
Hello, trader.
Price is currently in a tight consolidation between the price of 99860.00 and 90682.58 after the strong bullish trend developed in regards to Trump emerging US President. In my view, Bitcoin has the possibility to trade to 124k price before the year ends. If we continue the technical outlook of the chart by placing a fibo extension from the recent...
Hello, trader.
For Now There Is No Reason To Be Bearish In Here Because The Price Perfectly Bounced From 1.272% Fibo And Wave C PRZ And I Think It's Time To Break The Trend Line Toward The trend. $104,750
