Hello Traders! As we know that gold is trading in two ascending channel, one is internal and 2nd is external and following trend every time like this impulsive move till upper trendline of external channel and retest move till down trendline of internal channel according to this trend next move would be 3016. there was a FVG and Order Block in H1 thats the reason for yesterday move still gold is in bullish trend. Resistance: 2924 Support: 2908 i am bullish till 3016 because its also a target of weekly bullish flag which i have already posted in ideas section you can check in related post Regards: PipsOptimizer
Londo sell EU. Want to see price lower. just use RR1:2, but I can see, it can go lower. will see what NY news will bring. will move SL to BE if it will possible.
USDJPY Analysis & Forecast ? ? Selling Zone: USDJPY looks to be in a selling zone with the potential target at 151.70. ? Resistance Zone: 155.50 is a key resistance level to watch. ? Support Zone: Keep an eye on the 151.20 level for possible support. Trade wisely and stay tuned for more updates! ? #USDJPY #ForexTrading #CurrencyPair #TechnicalAnalysis #Trading #MarketForecast #SellSignal
Gold with a focus on the current resistance zone between 2930 and 2942. Your outlook is that if gold price retests 2905/2900 and pulls back again to test the resistance, it could signal a further bullish move Pullback Confirmation After retesting 2905/2900, if the price begins to rally again, it could be a signal of buying interest and potentially lead to a push above the resistance. You may find more details in the Chart. PS Support with like and comments for more insights.
On this chart, I see the situation like this: if I should take a short, then the first sfp at the price level of 0.83800-0.84000, if I should be interested in a long position, then the first target that makes more sense to me is the sfp at the price of 0.8300, other scenarios are other alternatives where the market could react if certain conditions are met
(Disclaimer: The following is only a personal opinion, not investment advice. Please make your own judgment before making any decisions.) This week, the price has remained stable above 21,432. Yesterday’s CPI data came in worse than expected, indicating inflation is rising again, which may slow down the rate cut process. Despite this, the market did not break lower, suggesting weak selling pressure and the potential for an upward breakout. Today’s bias remains bullish, with an initial target of 21,968 and the next target at 22,100. If the price breaks above 22,100, it’s important to monitor its movement within the 22,100–22,389 range. Failure to break above this range quickly could lead to a notable pullback. If the price successfully breaks through, it may continue to rise toward 22,800.
? Welcome to TradeCityPro! In this analysis, I want to discuss the APE coin, which is currently experiencing a downtrend with each Bitcoin correction triggering a new bearish leg. ? Weekly Time Frame In the weekly timeframe, we are witnessing a significant downward trend that began from the ATH at the 17.538 area. After multiple bearish legs, it has now recorded its main bottom at 0.563. We also have a descending trendline that has been tested several times and most recently had a fake breakout, failing to activate the trendline trigger at 2.291. ? Currently, following the fake breakout of the descending trendline, a significant amount of selling volume has entered the market, and the price has returned to the crucial support at 0.563. The RSI also has a significant support level at 40.33, and a concurrent break below 0.563 and this RSI support could propel the coin toward a new historical low. ? On the other hand, if support holds and the price moves toward and breaks the trendline trigger at 2.291, we would confirm a trend reversal, potentially initiating a new upward trend. ? Daily Time Frame In the daily timeframe, we can observe more details of the price's downward movement. As seen, after the price reacted to and was rejected from 1.931, it entered a bearish trend, accompanied by a descending trendline. ? Overall market volume is declining, but after breaking below 0.848, a significant amount of selling volume entered the market, currently favoring sellers. ? The last bearish leg occurred after the price was rejected from 0.997 and broke below 0.848, dropping to the main support at 0.547. The market's momentum is strongly bearish, and it seems poised to continue this trend. ✨ However, as observed, a rounding bottom formation is taking shape at 0.637, and the price could potentially correct upwards. If the floor at 0.637 breaks, we can confirm that a new bearish leg has commenced, potentially driving the price towards lower lows and even breaking below the support at 0.547. ? If the trendline is broken, the trendline trigger at 0.848 could be considered, but the main trigger for confirming a trend reversal is at 0.997. If this area breaks, the price could potentially head back towards 1.931. https://www.tradingview.com/x/JuoaLSYZ/ ? Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
OANDA:XAUUSD ?Technical Analysis: ? Early February, the price tested the resistance zone at 2880.0, forming an all-time high. This level was retested twice before the strong breakout on February 10, pushing the price to a new all-time high around 2940.0. ? After the new high, the market entered a correction phase, testing the support level at 2880.0 again. On February 12, the price revisited this zone, forming a strong bullish candle with a large lower shadow. This candle suggests a morning star pattern, a classic trend reversal signal, with buyers stepping in after the retracement. ? The morning star pattern was followed by another bullish candle, confirming the potential reversal and support holding at 2880.0. This indicates that the market is likely to continue its bullish trend if the support level at 2880.0 holds. ? The next critical level for XAUUSD is 2940.0. If the price fails to break above this resistance, a short-term reversal or sideways movement may occur. Watching for price action and candles around this level will be key for future trades. ? Summary: ? Support: 2880.0 (tested on February 12) ? Resistance: 2940.0 (previous all-time high) ? Given the bullish candle patterns and support holding at 2880.0, the trend appears to be strong, and a continuation higher could be expected. However, caution should be taken at the next level of resistance around 2940.0, where the previous high was formed
Gave a triangle breakout...clean one....triangle tgt calculated and posted on chart...time tgt is roughly end of 2025 ..around half of the time taken to make the triangle..these are rough estimates...Buy for long term OR for trading for traders ..I have put in 2x supertrend as trailing stoploss
? Trade Alert: XAU/USD Sell ? ? Entry: 2915 ? Target: 2880 ? Trend: Bearish Trade wisely and manage your risk! ?? #XAUUSD #GoldTrading #ForexSignals #SellNow #TradingTips