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Market Structure: The price was in an uptrend, forming higher highs and higher lows. It has now reached a strong resistance zone near 87.469, where sellers have stepped in. There is a break of structure, indicating a possible trend reversal or retracement. Trade Setup: A short (sell) trade has been placed around the resistance zone. Stop-loss is above 87.469 (gray...

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Market Structure: The market is in an uptrend, with price forming higher highs and higher lows. A recent spike led to a temporary top before a slight pullback. Trade Setup: There is a sell order placed near the recent high. The stop-loss is positioned above the recent high (shaded gray box). The take-profit is much lower, indicating a short position aiming for a...

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1. Market Context & Trend Overview Current Trend: Gold is in a strong uptrend, forming higher highs and higher lows within an ascending channel. Price Position: The price has reached the upper boundary of the channel, acting as resistance, making it a key decision point. 2. Bearish Retracement Expectation The chart suggests a potential pullback after reaching...

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1. Market Structure & Trend The chart shows a strong bullish trend with a consistent series of higher highs and higher lows. Gold is trading within an ascending channel, respecting both the upper and lower trendlines. The price is currently testing the upper boundary of the channel, which could act as a resistance level. 2. Fibonacci Retracement Analysis The...

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1. Market Structure The chart indicates a potential reversal or correction after an extended bullish run. Price reached a strong resistance zone (~194.45 - 194.92) and is now showing signs of rejection. A bearish retracement is forming, with price breaking a short-term ascending trendline. 2. Key Levels Resistance Zone (~194.45 - 194.92): This area acted as a...

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1. Market Structure The chart shows a breakout from a symmetrical triangle pattern, which signals potential bullish continuation. Price was previously consolidating inside the triangle, and now it has broken above the resistance trendline. The breakout suggests a bullish move towards the next resistance level. 2. Key Levels Support Zone (~0.8396 - 0.8411): Marked...

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1. Market Structure The chart shows a bearish market structure, where price has broken a key trendline support. The price previously made higher highs and higher lows, but recently failed to continue upward and broke below the ascending trendline. This confirms a potential trend reversal to the downside. 2. Key Levels Broken Support Zone (~1.4350 - 1.4400): This...

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1. Market Structure The market was previously in a downtrend but experienced a strong bullish breakout around early March. Price surged upwards, breaking a key resistance zone (now acting as support). The current price action appears to be forming a rising wedge, a potential reversal pattern. 2. Key Levels Support Zone: Around 0.9500, which was previously...

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GBP/JPY 2-Hour Analysis & Possible Scenarios Current Market Structure The pair is in an uptrend, as seen from the ascending trendline. Price has reached a resistance zone around 194.5 - 195.0, where it is showing signs of rejection. The market is trading above the 50 EMA, indicating that the overall momentum is still bullish. Possible Scenarios Bullish...