Gold is trading near $2,644, showing signs of indecision as it moves sideways in a tight range. After a sharp rally earlier, the price has settled into consolidation, with traders waiting for a decisive breakout. Key Levels to Watch Resistance: The upper boundary near $2,647. A break above this level could trigger renewed bullish momentum. Support: The lower boundary near $2,620. A breakdown below this zone would likely signal further downside, with a target near $2,580. Outlook The sideways movement suggests market indecision, likely driven by anticipation of key economic data. While bulls may aim for a breakout above $2,647, the prevailing momentum leans bearish, especially if the lower support gives way. Traders should monitor price action at these boundaries for the next directional move.
AlexGoldHunter FXOPEN:XAUUSD Technical Analysis and Strategy for CFDs on Gold (XAU/USD) on a 1-Hour Timeframe Price Action and Key Levels Current Price: $2,644.905 USD Resistance Levels: $2,646.008 (middle Bollinger Band) $2,659.681 Support Levels: $2,639.637 (recent low) $2,633.266 Indicators Bollinger Bands: The price is near the middle band, suggesting a neutral position with potential movement in either direction. Moving Averages: The chart shows multiple moving averages: 20-period (blue) 50-period (green) 200-period (red) The price is above the 20-period and 50-period moving averages but below the 200-period moving average, indicating mixed signals. Volume: Increased volume, indicating potential significant price movement. Stochastic RSI: %K (blue line): 47.74 %D (yellow line): 39.69 In the neutral zone, indicating neither overbought nor oversold conditions. MACD: MACD Line (blue): 0.605 Signal Line (yellow): 0.329 Histogram: 0.276 Bullish signal with the MACD line above the signal line, but the histogram shows weakening momentum. RSI: Current RSI: 52.66 In the neutral zone, indicating no strong momentum in either direction. Buy Strategy Confirmation 1: Wait for the price to break above the 200-period moving average ($2,646.008) with strong volume. Confirmation 2: Ensure the Stochastic RSI is moving upwards from the oversold region (below 20). Confirmation 3: Look for the MACD line to cross above the signal line with increasing histogram bars. Confirmation 4: Confirm that the RSI is above 50 and moving upwards. Entry Point: Enter a long position once the price closes above $2,646.008 with confirmation from the indicators. Stop Loss: Place a stop loss below the recent low at $2,639.637. Take Profit: Set a take profit target at the next resistance level ($2,659.681). Sell Strategy Confirmation 1: Wait for the price to break below the 20-period and 50-period moving averages with strong volume. Confirmation 2: Ensure the Stochastic RSI is moving downwards from the overbought region (above 80). Confirmation 3: Look for the MACD line to cross below the signal line with decreasing histogram bars. Confirmation 4: Confirm that the RSI is below 50 and moving downwards. Entry Point: Enter a short position once the price closes below the 20-period and 50-period moving averages with confirmation from the indicators. Stop Loss: Place a stop loss above the recent high at $2,646.008. Take Profit: Set a take profit target at the next support level ($2,633.266). Summary of Signals Buy Signal: Entry: Above $2,646.008 Take Profit (TP): $2,659.681 Stop Loss (SL): Below $2,639.637 Sell Signal: Entry: Below $2,639.637 Take Profit (TP): $2,633.266 Stop Loss (SL): Above $2,646.008 This analysis and strategy should help you make informed trading decisions for CFDs on Gold (XAU/USD). If you have any further questions or need additional insights, feel free comment or DM or join our free signal chanell provided below
Just take a good look at chart. We have overvalued shit BTC ratio wisely, big debt, and ponzi scheme (new version made by clown Saylor). 24/7 Saylor and his so called expert Tom Lee (which is clown) on CNBC trying to bring last buyers in and after that do you know what happens ussualy? big crash 50-80% anyways watch out and be wise lot's of scamers out there, wish you all the best
Looks like we are close to a top, will be reminiscent of 2020 I think.
On Tuesday, Nifty opened positive, touched a low of 24280, and rallied to a day high of 24481.35, entering the 75m supply zone. It closed at 24457.15, gaining 181 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a neutral bias in the short term. Demand/Support Zones Near Demand/Support Zone (30m): 24300.05 - 24348.35 Near Demand/Support Zone (30m): 24140.00 - 24187.05 Far Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support: 23189.88 (61.8% FIBO) Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 24447.65 - 24537.60 (tested) Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside weekly supply) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply) Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05
Grading B 6 points No idea, it is a pure technical play +1 Greater force - There is alignment with RUT +2 Technicals - Below H1 100SMA, H1 downwards consolidation, H1 rejection above 100SMA(H1) +3 Opening Sustainable Momentum ??? Strategy Signals identify market opening H1 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure (Price gaps and ADR %). Risk We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation. Current SL is at 0.25Fib Focus Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclined towards with a minimum Risk & Reward of 2R. Stock must be in a pull back or consolidation area waiting for a broad market momentum to ignite it forward. Character Trend, Positive Skew
Bias: No Bias USD News: -ADP Non-Farm Employment Change -ISM Services PMI Analysis: -Price is consolidating on daily structure -Waiting for liquidity sweep -Looking for BUY/SELL if there's confirmation on lower timeframe -Pivot point: - Disclaimer: This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy
Each chart seems to play off each other with resistance levels at its counterparts resistance levels.
Technical Perspective: Gold hovers between the 2635 - 2650 range and holds above the short-term ascending trend line. If the price closes below the 2635 support with a bearish breakout of the ascending channel, the price could extend its decline to the following support at 2610.00. Conversely, a break above 2650 could prompt a further rise toward the following resistance at 2665. Fundamental Perspective: Gold consolidated as investors weighed the political and economic outlook while awaiting key economic data. A stronger-than-expected US job openings report pointed to resilience in the labor market, with markets now focused on Friday's non-farm payrolls and upcoming speeches from Fed officials to gauge potential policy moves. The likelihood of a 25bps rate cut from the Federal Reserve, now at 73%, supports gold by lowering the opportunity cost of holding the asset. Additionally, geopolitical risks continue to bolster gold's safe-haven appeal. Elsewhere, Asian markets were rattled after South Korean President Yoon's unexpected decision to impose martial law, only to swiftly reverse course hours later, causing stocks to tumble initially. The Kospi Index dropped as much as 2%, with South Korean assets seeing widespread losses overnight, while equities in Sydney slipped and Tokyo markets opened flat. Despite the turmoil, South Korea's central bank signaled readiness to intervene if necessary, soothing market concerns. Author: Li Xing Gan, CMT, CFTe, Financial Market Strategist Consultant to Exness
When you see liquidation maps like this on #MANTRA NASDAQ:OM : - Shorts underwater since $3.67 - Volume profile strengthening - Short liquidations accelerating - Strong buy pressure across #Binance, #OKX & #Bybit - Steady upward pressure ...you know bigger players are positioning. Don't fight the trend. NFA.