As we see, price is at the white L-MLH. This is a critical level. On one hand, price showed weakness. On the other hand, price is stretched to the downside, bearing the possibility to shoot upwards from here. How can we find out what's happening? By observation and NOT ACTING! Just watch, observe, and a good entry Long or Short will uncover. FOMO is your greatest Enemy! Calm down, wait for the sweet Fruits that will be given to you. §8-)
Alright, y’all. We are dangling, unsupported underneath the 200DMA and that Bear Gap. I am trading cautiously today because inflation data days I tend to make a lot of mistakes. 35EMA - this level is a BEAST. We were unable to get above it yesterday. Trace it back 3 weeks and you’ll see it’s been there every time to push us back lower. I will be looking to the outer spreads and even then I might push it out a little. If and when I take a position I will update it here. GL, y’all.
gold target sucsessfully archived 2946 with technical analysis. Not financial advise.
⭐️Fundamental Analysis Gold prices maintained a positive trend in early European trading on Thursday and remained near the all-time high reached on February 24. The chaotic implementation of US President Donald Trump's trade tariffs and their impact on the global economy continued to drive safe-haven flows into bullion for the third consecutive day. Meanwhile, fears of a US recession, coupled with signs of a cooling labour market and falling inflation, will allow the Federal Reserve (Fed) to resume its rate-cutting cycle sooner than expected. This, in turn, kept the US dollar (USD) near its lowest level since October 16 touched on Friday and turned out to be another factor supporting non-yielding gold prices. ⭐️Technical Analysis Gold is correcting to the immediate support zone of 2930 if the support zone is broken 2922 is the next support point before gold price moves to 2910. The resistance zone of 2950 is considered as a barrier before reaching ATH and the daily sell plan is noticed around 2970
Price reached the Warning Line 1. This is a natural support, because it's a standard deviation stretch. From here, price has a high tendency of mean-reversion. How far? Most of the time it shoots back to the Lower-Medianline-Parallel. Beware of the potential resistnace zone. This level is a good one to take partial profits. As for a stop, I would put it below the last swing-long. I may play it with Options (for example a Risk-Reversal), giving me more leeway to the downside if it's not playing out immediately.
This is a 1-hour chart of Gold Spot (XAU/USD) from OANDA. The analysis suggests a bullish outlook, with price action currently testing a key resistance level around 2,934. The chart includes the following key elements: 1. Support and Resistance Levels: A previous resistance zone (marked in dark teal) has been broken and is now acting as potential support. The next major resistance is around 2,980, with an all-time high target of 3,000. 2. Trendline Support: A white ascending trendline indicates a bullish structure, with price respecting higher lows. 3. Projected Move: The yellow arrow suggests a pullback to the support zone (previous resistance) before bouncing higher. A successful retest could lead to an upward move towards 3,000. This analysis suggests that gold remains in an uptrend, and traders might look for confirmation of support before entering long positions.
https://www.tradingview.com/x/vkCCeErr/ In comparison to Gold, Silver looks bearish after a test of a key daily resistance cluster. A head and shoulders pattern on an hourly time frame confirms a local bearish sentiment and overbought state of the market. The price may continue retracing at least to 3291 level. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade Bias: Bearish The 4H chart shows a clear bearish trend with lower highs and lower lows since late February. The pair recently made a lower high around 162.400 and has been declining. The 1H chart confirms this bearish sentiment with price recently rejecting from the 161.000 resistance level. Entry Price: 160.900 Looking to enter on a pullback to the 160.900 level, which has acted as a resistance zone in recent price action. Stop Loss: 161.250 This gives us 35 pips of risk as requested, placing the stop above a recent swing high on the 1H chart. Take Profit Levels: Primary TP: 160.150 (75 pips reward) Extended TP: 159.500 (140 pips reward) Risk-to-Reward Ratio: Primary TP: 1:2.14 (35 pips risk : 75 pips reward) Extended TP: 1:4 (35 pips risk : 140 pips reward) Trade Rationale: 4H Timeframe Context: The pair is in a broader downtrend, currently in a pullback phase after a strong decline from 162+ levels. There's significant resistance around the 161.200-161.500 zone. 1H Timeframe Confirmation: Price has formed a lower high and appears to be rejecting from the 161.000 zone, with bearish momentum increasing. 15m Timeframe Entry Precision: The recent price action shows consolidation after the decline, providing a potential entry on a small pullback. Key Support Levels: 160.150 and 159.500 have both acted as significant support/resistance levels in the past, making them logical targets. Market Structure: The consistent pattern of lower highs and lower lows across multiple timeframes suggests the bearish move has strength. Entry Strategy: Wait for price to pull back to 160.900 Confirm rejection with a bearish candle formation Enter at market or with a limit order at 160.900 Set stop loss at 161.250 Partial take profit at 160.150, move stop to breakeven Final target at 159.500 https://www.tradingview.com/x/mmIAarLn/
#Bitcoin is setting up for a potential bullish breakout! On the 15-minute time frame, #BTC is forming a classic #AB=CD pattern, a strong harmonic signal for a continuation move. Additionally, price has just rejected the 0.618 Fibonacci retracement level, confirming buying pressure from this key zone. Key Observations: ? Uptrend Intact – Higher highs and higher lows ✅ ? AB=CD Completion – Potential bullish price reaction ✅ ? 0.618 Fib Rejection – Strong demand zone ✅ ? Resistance Level Ahead – Awaiting breakout confirmation Trading Plan: If #BTC breaks above the resistance level, I’ll be looking for a long trade setup with proper risk management. ? Invalidation: If #BTC breaks below the Fib level, I’ll reassess my bias. ? What are your thoughts? Will #BTC break out or face rejection? Drop your opinions in the comments! ? Like, Comment & Follow for more trade setups and market insights!
Dear colleagues, price is still in an uptrend, but wave “5” is often unpredictable, so I do not recommend buying. I will look out for short positions. I believe that the price can renew the high and reach the area of 1.10000 or even a little higher, but I will place pending limit orders to sell. Or the price will immediately start a downward movement. The target is the support area at 1.07279. Manage your capital correctly and competently! Only enter trades based on reliable patterns!