USDJPY is breaking out a triangle pattern. Possible bullish movement towards 149.82ish area
The equal lows from the 4H price action had me thinking. If we look at it from a range perspective, there is still a wide gap left from the 4H change of character, ever since it took the last low of the lower lows, it never gave a single percent to the area's retracement. This might be a daily timeframe FOMO trap. whereby recovery of the market from sells to buys will be pumped to only drop again. In terms of entry. There is a zone with mind for us to consider seeing if it holds. because right now there is some dying triangle pattern towards it. should it delay, but keep showing some sell intent. we will wait for the session to sweep its high and sell it. should it fail, a further analysis will take through
double top on h1 and m15 gold sell set up with proper risk management
CYBER ~ 1D Analysis #CYBER High risk trading. Buy after successfully penetrating this resistant line with a short -term target of at least 10+.
Price action and indicators are in sync to enter long. Lets see how it goes. Always 2:1 risk
Price action and indicators are showing some sell momentum. Lets see
Gold has been surging, and while I expected it to hit $3,000 this year, I definitely didn’t anticipate it happening in the first semester... So, let’s address the big question: Can the bulls maintain this level? Looking at the chart, since early March, TRADENATION:XAUUSD has climbed 2,000 pips (around 7%), but what stands out is that 1,500 of those pips (5%) came in just one week. No matter how strong the bullish momentum and fundamentals are, I believe this kind of rally is unsustainable. Technical Outlook After pulling back from its all-time high of 2,950, gold made a false breakout, followed by an almost vertical move upward, briefly interrupted by two consolidation phases. Fundamental Factors The FOMC meeting is today, and while rates are expected to remain unchanged, the real market mover will be Jerome Powell’s press conference. His comments could trigger significant price action. My Take I expect gold to start correcting after the press conference, regardless of what Powell says. However, this is a highly risky trade, so I’ll stay on the sidelines until I see a clear reversal signal. Final Thoughts At the time of writing, gold is consolidating within another rectangular range, with resistance at 3,040. If we see a spike above and then a drop back to around 3,030, that would signal ( for me ) that gold has topped—at least for now. In that case, I’ll be looking to short with a target of at least 500 pips. Until then, my approach is simple: wait and see. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Range broken down, mid channel support on 3M chart holding
GOLD Sell Zone A potential selling opportunity has been identified in Gold, with a sell entry between 3037 and 3040. *Sell Entry:* 3037 - 3040 *Target Levels:* - _TP1: 3027_ - _TP2: 3017_ - _TP3: 3000_ - _TP4: 2981_ *Stop-Loss:* 3063 *Reasons to Sell:* 1. *Resistance Zone:* Gold has reached a strong resistance zone between 3037 and 3040. 2. *Overbought Conditions:* Gold's RSI indicator is showing overbought conditions. 3. *Potential Reversal:* A reversal in Gold's price could be imminent, given the recent rally. *Market Context:* Gold prices are consolidating after reaching a record high, with investors cautious ahead of the US Federal Reserve's monetary policy announcements. A hawkish decision could lead to a sharp correction in gold prices. *Federal Reserve Decision:* The Fed is widely expected to extend the pause to its interest-rate-cutting cycle in March. However, any hints of a further extension of the pause, or fewer rate cuts this year, could trigger a sharp correction in gold prices. *Geopolitical Tensions:* Persisting tensions, such as the Israel-Gaza conflict and Ukraine-Russia tensions, may cap any downside in gold prices. *Trading Strategy:* Sell Gold between 3037 and 3040, with a stop-loss at 3063. The TP levels can be used to take profits or adjust the stop-loss to break-even. Keep your best wishes to Travis ?
Hello, Skyrexians! It's time to update our BINANCE:XRPUSDT analysis because the previous one caused a lot of misunderstanding. Today we will clarify our point of view for this fundamentally strong crypto. Let's take a look at the weekly chart. Here we can see that price is forming Elliott waves cycle in the current bull run. Looking at the Awesome Oscillator we can say that wave 3 has been just finished and now XRP is in wave 4. Wave 4 will be finished when Awesome Oscillator crosses zero line, so now we have some space to continue correction. The Fibonacci target for wave 4 has been reached, but it can be retested again. Wave 5 target is located at $3.88. In next to this price we will see the red dot on the Bullish/Bearish Reversal Bar Indicator it's going to be the strong reversal signal for the bear market start. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!