✅In the early Asian session today, the gold price quickly rose to 3056 and then came under significant pressure, forming a double top structure during the session. After the opening of the US session, the price has fallen back to around 3025, verifying the effectiveness of high-level selling pressure. ✅Currently, gold is showing a high-level downward trend in the 1-hour cycle. If the price continues to fall and rebounds but fails to break through the new high, it may gradually form the prototype of a head and shoulders top pattern. Overall, gold is in a high-level decline stage, and market sentiment tends to be cautious. Do not blindly chase more. ✅The current upper resistance is in the 3042-3045 range, which is also the watershed between long and short positions. If the upward breakthrough fails, it means that there may be a further correction tomorrow. If it can successfully break through today, a new high may appear. ✅Short-term Key price points ?Upper resistance level: -First: 3045-3050 -Second: 3038-3042 ?Lower support level: -First: 3020-3022 -Second: 3005-3012 ✅ Intraday trading strategy ?Aggressive strategy --Entry: Rebound to 3038-3042 and try short with a light position (position ≤ 3%) --Stop loss: 3047 (break through the previous high + 0.5 times ATR) --Target: 3022→3008 (1:3 risk-reward ratio) ?Solid strategy --Wait for the price to test the 3020-3022 support band: --If there is a bullish engulfing + RSI bottom divergence, enter a long order (stop loss 3015) -- If the volume falls below 3018, chase the short to 3005 (stop loss 3025) ?Trading strategies are time-sensitive. We will provide real-time and accurate trading strategies based on market changes. Please stay tuned. ?The current market situation is in a high-risk state. Trading on your own may result in huge losses. Our professional guidance can help you avoid risks while obtaining continuous and stable profits?
?Bros, as mentioned in the previous article, Marvin invites you to grab a cup of coffee and quietly watch the dancing bears. ?As I just said, if gold cannot break through the 3040-3050 area, it will build a head and shoulders structure in the short-term structure, and gold may accelerate downward to the 3020-3010 zone. ?Xauusd: @3040-3050 Sell ?Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Tesla has traded back to fill the gap that was left in October 2024 based on fundamental news and protests against the company. Low risk opportunity at these levels.
Bitcoin (BTC) is currently trading within a upward channel, consistently making higher lows, a strong indication of bullish market structure. This suggests that buyers are still in control, and as long as BTC respects this pattern, the bias remains bullish, favoring a continuation to the upside. At the moment, BTC is experiencing a pullback from recent highs and is now approaching a critical support zone. This level aligns with several important technical factors, making it a potential turning point in the current trend. Key Factors Supporting a Potential Bounce: Upward Channel Structure BTC has remained inside a clearly defined ascending channel, where price action has respected both the lower and upper trendlines multiple times. As long as BTC stays within this structure and continues to form higher lows, the trend remains bullish. Golden Pocket Fibonacci Retracement (0.618 - 0.65 Level) The golden pocket is one of the most significant Fibonacci retracement levels, often acting as strong dynamic support. Historically, this zone has been a high-probability area for reversals in trending markets. With BTC now approaching this area, there is a strong possibility that buyers could step in, leading to a bounce back toward higher levels. https://www.tradingview.com/x/pcrYLpkv/ Confluence of Key Support Levels The Fibonacci golden pocket aligns closely with the lower boundary of the ascending channel, reinforcing this zone as an area of potential support. There are also previous horizontal support levels in this region, adding further confluence to the idea that BTC could hold this level and bounce. Potential for Bullish Continuation If BTC finds support at the golden pocket and reacts positively, we could see another leg to the upside within the channel. In this scenario: Price could bounce off the lower trendline and move toward the midline of the channel. If momentum continues, BTC could ultimately target the upper boundary of the channel, potentially leading to new highs. Bearish Breakdown Scenario – When to Be Cautious While the bullish structure is still intact, it is essential to consider the potential risks if BTC fails to hold the support zone. If BTC breaks below the lower boundary of the channel and closes a bearish candle below support, this could be an early signal of a trend reversal. A breakdown of this structure would indicate that bullish momentum is weakening, and further downside could follow. In this scenario: BTC could start making lower lows, shifting the trend from bullish to bearish. The next logical downside targets would be deeper Fibonacci retracement levels or previous swing lows, where buyers may attempt to step in again. A confirmed breakdown would invalidate the current bullish thesis and could lead to increased selling pressure. How to Approach This Trade Idea Bullish Case: If BTC finds support at the golden pocket and forms a strong bullish reaction (such as a clear rejection wick, bullish engulfing candle, or higher low), this would signal a potential bounce. This could present a good long opportunity, targeting the midline or upper boundary of the channel. Bearish Case: If BTC closes a strong bearish candle below the channel, it would indicate a potential trend shift. In this case, traders should exercise caution, as further downside could be expected. Final Thoughts This is a critical area for BTC, as it decides whether the bullish trend continues or a reversal is imminent. The market’s reaction at the golden pocket level will be key. Traders should wait for confirmation before making any moves watching for strong rejection signals for a bullish bounce or a clear breakdown below the channel for a bearish shift. For now, BTC is still respecting its bullish structure, but this key level will determine whether that trend holds or breaks.
It is a very risky position but worth it. The stock is bottoming at 7B MC, and it burns cash every quarter. Momentum shows divergence and I plan to buy, accumulate and hold. Risking max $2000 on this. Current holdings 500 shares.
Hello Traders ! On Tuesday 11 March, Th EURUSD reached the resistance level (1.09374 - 1.09058). So, We have 2 Scenarios: BULLISH SCENARIO: If the market breaks above the resistance level and closes above that, We will see a bullish move? TARGET: 1.11580? BEARISH SCENARIO: If the price breaks and closes below the neckline, We will see a huge bearish move? TARGET: 1.06350?
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