Price broke above resistance at 4.2 to a high of 5.7. Retracement into supply zone around 4.6 now acting as short term support. Long opportunity to 6.2.
It has been awhile, held 0.01577 like a champ! This is the more conservative count. Holding .04 is ideal. Below 0.03362 sus and scam lol.
Gold had failed to break above 2700s resistance area and is showing bearish pressure making LHs and LLs. Currently it is a bit choppy but is overall still bearish and is failing to break above 2650s price area. Next target is 2500s price area for the continuation of current trend.
OANDA:XAUUSD Gold Running In sell Trend Since Last day. Now Gold is touched The Support Level 2618 Now I think Gold Move Up.. I want to place Buy/Long order from 2620 SL. 2612(-80pips) TP. 2650(+200pips) Trade with your own risk!! From=Sam-Brown
? Gold has broken many support levels such as 2640-2630 to extend the decline this morning. In today's Asian session, watch for the recovery to continue to sell gold, aiming for the support zone of 2607-2600. Gold has broken the triangle pattern around 2638 - And if the H4 candle closes below 2620, it will break the neckline of the head and shoulders pattern ?Therefore, watch for the recovery to continue to sell gold.
Bros, since gold has chosen to break down and fall below the short-term support of 2620, it is obvious that the gold bears have a slight advantage in the struggle. So in trading, we mainly focus on shorting gold. The current short-term resistance area has shifted to the 2630-2635 area, so in short-term trading, we can short gold with the 2630-2635 resistance area; But on the other hand, even if gold continues to fall, it is difficult to completely reverse into a short trend before today's NFP market, which limits the downside to a certain extent. The support area below is in the 2610-2600 area; so once gold falls back to this area, I will still try to go long on gold again; but we need to be careful that once gold falls below 2600, it is likely to continue to fall to around 2580. Trading strategy: 1. Short gold with 2630-2635 area as resistance; 2. Try to long gold with 2610-2600 area as support (only try once) 3. It should be noted that once gold effectively falls below 2600, it is very likely that gold will continue to fall to 2580 area Bros, how are you going to trade gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
If 15 min candle closes above 2625 than Buy with Target @ 2633 If 15 min candle closes below 2614 than Sell with Target @ 2605 Sl 1%
Analysis: Historical day for BTC, smashing the 100k. I strongly believe all of December we will see BTC fly to $110K+. In the analysis I've identified a great potential long position I will be looking to take if price comes back into my supply zone , respects and closes inside or above the SR . This is a great 1:6RR and even in the event price does create a LL below M30 Swing Low I will be looking for more long positions with the same target of M30 Swing High . If the move is successful I would suggest it will tap our supply zone and should fill the entire position within very few candles. To consider: $100K+ FOMO M30 Swing is LL Trump and News Speculation
Short Term Elliott Wave in American Airlines (AAL) suggests that rally from 11.6.2024 low is in progress as an impulse. Up from 11.5.2024 low, wave ((i)) ended at 15.13 as the 1 hour chart below shows. Pullback in wave ((ii)) unfolded as a double three Elliott Wave structure. Down from wave ((i)), wave a ended at 14.7 and wave b ended at 15.05. Wave c lower ended at 14.46 which completed wave (w). Rally in wave (x) ended at 14.81. Down from there, another zigzag unfolded with wave a ended at 14.5 and wave b ended at 14.6. Wave c lower ended at 14.38 which completed wave (y) of ((ii)). The stock has resumed higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 14.74 and pullback in wave (ii) ended at 14.44. The stock resumed higher again in wave (iii). Up from wave (ii), wave i ended at 15.05 and pullback in wave ii ended at 14.61. Wave iii higher ended at 17.8. Expect wave iv to end soon, and stock to resume rally higher again in wave v to complete wave (iii). Near term, as far as pivot at 14.39 low stays intact, expect pullback to find buyers in 3, 7, 11 swing for more upside.
The price is trapped inside a triangle pattern. What do you think will happen? Will the price break the corner of the triangle upwards and eventually see the previous highs or vice versa?