breaking below acceleration channel will confirm the end of subdivision 3(5) and enter corrective phase for a while. Market should find support for wave 4(5) at the yellow box as seen in the chart in the base channel. FOREXCOM:XAUUSD once the acceleration channel broken down, consider the play of wave 4. trade idea: short term sell targeting yellow box. long term buy following wave 5 somewhere at the yellow box. wait for price action to confirm bullish action.
Gold (XAU/USD) has recently tested a key resistance zone around $2,990, where price action is showing signs of rejection. The market made a strong bullish push, but the momentum appears to be fading near this supply zone. ? Possible Scenario: A bearish reaction from this resistance level could lead to a retracement towards the next key demand zone between $2,860 - $2,840. If selling pressure continues, we might even see a retest of the $2,822 support level. ? Technical Outlook: Price is currently at a resistance zone, making it a high-probability short setup. Confirmation with bearish candles or trendline breaks could provide more confidence for sell entries. Targets for shorts are set at $2,860 and potentially $2,822. ? Trading Plan: Look for bearish confirmations (rejections, engulfing patterns, trendline breaks) before entering short trades. A daily close above $3,000 would invalidate this setup and could signal further bullish movement. What do you think? Are you bearish or bullish on Gold? Drop your thoughts in the comments! ??
Gold (XAU/USD) Bullish Outlook: Targeting $3,010 & $3,020 Gold remains bullish, supported by technical and fundamental factors. Scenario 1: Buy from $2,980 - $2,975 → Target $3,010 ✅ Strong support at $2,975, backed by moving averages. ✅ RSI indicates buying strength. ✅ Stop-loss below $2,965. Scenario 2: Buy from $2,945 - $2,940 → Target $3,020 ✅ Major demand zone at $2,940. ✅ A break above $3,000 could accelerate the move. ✅ Stop-loss below $2,930. Fundamental Factors Supporting Bullish Outlook: ✅ Safe-Haven Demand: Ongoing geopolitical tensions and economic uncertainty boost gold’s appeal. ✅ Inflation & Central Banks: Expectations of lower interest rates support gold prices. ✅ Weaker USD: A softening dollar makes gold more attractive to global investors. ? Gold remains bullish as long as these support levels hold. ?
I take an answer: bullish in Soybenmeal Wait wait and Let market give the answer
GBPJPY: Both Moves Are Possible But It Has Higher Odds To Rise 19 March - Bank of Japan (BOJ) Rate Decision The BOJ is expected to maintain its interest rate at 0.5%, with no hike anticipated. While the rate decision itself seems predictable, the real market mover will likely be the press conference. If the BOJ avoids providing clear guidance on its monetary policy and leaves room for interpretation, the Japanese yen (JPY) may weaken further. 20 March - Bank of England (BOE) Rate Decision The BOE is also expected to hold its interest rate steady at 4.5%, with no cuts or hikes on the horizon. This aligns with market expectations. You may watch the analysis for further details! Thank you:) ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
BTC is completing wave 4 and Very soon wave 5 will start, first taget is 86k and then 90k
Ranging: Support: $1.9 to $2 Pivot: $2.45 to $2.5 Resistance: $3 Price is at PoC of Volume Profile ........ Bulls aiming for Breakout and Retest above $3 to lead towards Target Price $5 Bears aiming to Breakdown and Retest Failure of $2 support Band. Bears logical target are the Weekly MA50 at $1.20 and MA200 at $0.75 ....... Neutral stance. Expect further range bound Price Action between the Support-Pivot-Resistance Zones. Operating with Tight Stop Loss at both extremes of the range seems logical. Or maybe deploy counter hedges as well for studden upside or downside protection.
Gartley pattern and ab=cd formation is completed, reaction should come from here until the rectangle . At the same time, the 5-0 pattern coincides with the target location. A shark pattern has formed in the RSI .
This is the monthly chart of royalty companies FNV, WPM, RGLD, SAND, and OR combined. A five-year consolidation was recently broken on the weekly timeframe, with confirmation. The last similar breakout after consolidation led to a ~150% increase from the bottom. At today's gold price of $3,000, this scenario looks highly probable. If it unfolds, these companies could see a cumulative gain of around 60% from current levels.
Dogecoin has reached an important support level after the correction and is the bottom of our hypothetical channel that could start a growth to reach higher targets.