Gold (XAU/USD) - 4H Analysis Technical Overview: Price is moving within a well-defined ascending channel. It is currently testing the upper boundary of the channel, which has acted as resistance multiple times (highlighted in orange circles). Historically, each time price touches this upper boundary, a pullback follows. Key Levels to Watch: Resistance: $3,000 - $3,020 (Channel top & psychological level) Support: $2,900 (Mid-channel) and $2,800 (Channel bottom) Indicators: RSI (14) is at 74.71, indicating overbought conditions, which increases the probability of a short-term pullback. If RSI drops below 70, it would signal a potential bearish correction. Potential Scenarios: Bearish Rejection (Higher Probability) If price fails to break above $3,000, expect a pullback toward $2,900-$2,850. RSI supports this as it is in the overbought zone. A strong rejection candle at resistance would confirm a short trade. Bullish Breakout (Lower Probability, but possible) If price breaks and holds above $3,000, we could see an extension toward $3,050 - $3,100. RSI would need to sustain above 70 without sharp divergence. Trading Plan: Short if rejection happens near $3,000, targeting $2,900. Stop loss above $3,020 to invalidate the short idea. Buy if price breaks and retests $3,000 successfully, targeting $3,050-$3,100. Would you like a deeper breakdown or confirmation signals? ?
Welcome back, guys! ?I’m Skeptic , and today we’re diving into a complete analysis of SPX on the 4-hour time frame. We’ll break down the market structure and identify key long and short triggers for potential entries. Let’s get into it! ? Market Overview Starting with the weekly time frame, it’s clear that the major trend remains uptrend . However, the daily time frame shows that we’ve entered a secondary corrective downtrend . This has been mainly driven by recent trade tariffs between the U.S. and other countries, leading the Federal Reserve to hold off on interest rate cuts, causing a drop in risk assets like stocks and BTC. On the 4-hour time frame , we’re currently in a range box that recently saw a fake breakout to the downside. The price quickly bounced back into the range, signaling buyer strength and seller exhaustion . This adds a slight long bias, as the probability of hitting targets on long trades might be higher. ? Long Setup Our first long trigger comes after a break of resistance at 5,564.67 . To increase the probability, we should wait for momentum confirmation, such as 3 SMA crossover or any momentum indicator of your choice. The main long trigger would be after a confirmed breakout of the range box at 5,641.22. Be cautious, as this entry might carry some risk, so confirmation is crucial. ? Short Setup For short positions, I’m looking for a break below support at 5,549.77 , signaling a breakdown of the range box. However, considering the previous fake breakout, I’d prefer to wait for the first down leg to complete, followed by a pullback or indecision candle before entering short. Let me know your thoughts on SPX ! ? Drop any questions or ideas in the comments, and I’ll be happy to discuss them. Let’s grow together, not alone! ❤
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GBPAUD has formed a triple top and currently retracing towards neckline. Sell on break of neckline.
? Gold (XAU/USD) - M15 Analysis ? Current Price: $2,984 ? Market Structure: Bullish (BOS Confirmed) ? Key Support Zones (Potential Buy Areas): ✅ $2,977 - $2,973 (Demand Zone) ✅ $2,970 - $2,965 (Stronger Demand Zone) ? Key Technical Levels: ? Fibonacci Retracement Levels: 50% - $2,987 | 61.8% - $2,985 | 78.6% - $2,975 ? Fair Value Gaps (FVG): Notable imbalance at $2,980 - $2,985 ? Bullish Scenario: A strong bounce from support ($2,977 - $2,973) could push gold towards $2,990 - $3,000. ? Bearish Scenario: A break below $2,973 could trigger further downside towards $2,965 - $2,960. ? Trade Ideas: ✅ Buy: Watch for bullish confirmation at $2,977 - $2,973, targeting $2,990+ ✅ Sell Setup: Break below $2,973 could open the door for more downside ? Timeframe: 15-Minute Chart (M15) ? Risk Management: Use tight stop-loss and follow risk management rules. #Fxforever #XAUUSD #Gold #GoldAnalysis #Trading #PriceAction #FVG #BOS #Fibonacci #Support #Resistance #XAUUSD
Gold has been experiencing a strong rally since the beginning of March, moving within a bullish trend channel. The breakouts of resistance zones have been robust, and retests have been holding steady. At present, the price appears somewhat stretched as it approached the resistance line of the trend channel. Also, the price action in the past few bars indicates that buyers are losing some of their momentum in this area. There is potential for a pullback which might lead to the previous highs at around 2956 level. Additionally, the dashed uptrend line may align with that level, providing support and triggering another upward move. Buying at the highs should be a no-no. As the overall trend is so far up, pullbacks are low risk buys. Disclaimer: This is not a recommendation to buy or sell gold. The analysis provided is for informational purposes only and reflects current market observations. Always conduct your own research and consult with a financial advisor before making any investment decisions . Don't forget to boost ?for more ideas in future.
It seems that a diametric has completed on the chart. However, Wave G is suspected not to have fully ended yet, and only a part of Wave G might be complete. A trigger line has been broken, and a support zone has formed, where short-term trades or scalping opportunities can be considered. As you know, this is a meme coin and carries risk, so make sure to manage leverage and capital properly. Targets are marked on the chart—secure profits at each target. The closure of a 4-hour candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
? 1. Market Structure: Consolidation (Range-Bound) The price is bouncing between a demand zone (blue area) and a resistance zone (weak high). No strong breakout above or below key levels = Sideways Market (Range). BOS (Break of Structure) & CHOCH (Change of Character) show uncertainty. ? 2. Liquidity & Key Levels ✅ Equal Highs (EQH) → Liquidity above 2,990 (price might sweep it before reversal). ✅ Weak Highs → If price fails to break above, it may continue ranging. ✅ Demand Zone (Blue Area @ 2,980-2,984) → Buyers stepping in here, preventing a strong downtrend. ? 3. Possible Market Scenarios ? Scenario 1: Bullish Breakout If price breaks above 2,988-2,990, it may target 2,996-3,000. A liquidity grab above weak highs could trigger a breakout. ? Scenario 2: Bearish Rejection & Range Continuation If price rejects 2,988, it may stay within the range (2,980-2,988). A breakdown below 2,980 could lead to a further drop. ? Scenario 3: Fakeout & Trap Price spikes above 2,990, grabs liquidity, then reverses back into the range. ? Trading Plan for Sideways Market ? Best Strategy for Ranging Market: ✅ Buy near demand zone (2,980-2,984), Sell near resistance (2,988-2,990). ✅ Avoid breakout trades until a strong confirmation occurs. ✅ Look for liquidity grabs before price makes a real move. ? Final Thoughts Right now, XAU/USD is ranging between demand (~2,980) and weak highs (~2,988-2,990). Wait for a clear breakout or trade within the range for scalping opportunities.
BTCUSD forecast and techinal analysis 1h time frame next move possible. BTCUSD can respect this supply around 84k then we expect down side move.
Backtesting my strategy my next move Japanese Yen has strength and key seller volume In this area