Market Structure Update BTC/USD showed a reaction from the 93,000 support level, as anticipated in yesterday’s analysis. The price has bounced but is now stalling near 94,000, just under the EMA on the H4 timeframe. This reflects a typical range-bound market dynamic, where bulls defend the lows, but bears remain active near the moving average. We’re still within the 93,000–102,000 range, suggesting a balance of buyers and sellers. The lower boundary's defense aligns with the 80% probability of range reversals, but the absence of strong bullish momentum hints at indecision. For the Bulls: The rejection at 93,000 confirms support remains intact. The pullback could establish a higher low above 92,500, signaling an attempt to retest the 96,000–98,000 zone. A break above 94,500 and a close above the EMA could strengthen bullish sentiment. Probability: 70% for a continued range-bound move toward 96,000. For the Bears The bounce lacks conviction, with small-bodied candles and limited follow-through. The EMA remains a dynamic resistance, curbing bullish attempts. A failure to hold above 93,000 would open the door to a test of 90,000 or lower. Probability: 30% for a breakdown below the range if 93,000 is breached. Insights: Ledges and Probabilities in Ranges: The price often oscillates within a trading range, with edges like 93,000 and 102,000 acting as key inflection points. Understanding these zones helps traders anticipate reversals or breakouts. EMA as Resistance: In a bearish environment, the EMA acts as a barrier. A breakout above it often signals that bulls are regaining control. Reading Candle Clarity: Watch for larger-bodied bars or gaps as signs of strength or weakness. Do you think the bulls can reclaim control, or are we heading for a deeper pullback? Let’s hear your thoughts—share your setups and market perspectives in the comments! Don’t forget to like and follow if you enjoy these price action breakdowns! ?
I expect Bitcoin to reach the range of 123,000 to 128,000 and a correction will take place and move to a much higher target like 160,000.
On Asian markets on Friday (January 10), OANDA:XAUUSD Spot delivery maintains the intraday recovery trend and gold price is currently at about 2,672 USD/ounce, a range of about more than 1 dollar during the day as of the time of writing. Market participants turned their attention to the US nonfarm payrolls report. Today (Friday), the United States will release the closely watched non-farm payrolls report, which is expected to cause a big move in the gold market. Authoritative surveys show nonfarm payrolls in the United States would have increased by 160,000 last December, following a whopping 227,000 increase in November. US unemployment rate expected to fall maintained at 4.2% in December. The survey found that average hourly wages in the United States are expected to increase 0.3% month-over-month in December, following a 0.4% increase in November. Annual wage growth is likely maintained at 4%. Better-than-expected US nonfarm payrolls data is seen as positive for the dollar and vice versa. And of course, this greatly impacts the gold price trend. https://www.tradingview.com/chart/XAUUSD/dA9KGiXa-GOLD-hits-4-week-high-eyes-on-NFP-and-Trump-inauguration/ From a technical perspective, OANDA:XAUUSD is heading for the 4th consecutive day of increase but the real uptrend has not yet been clearly formed. However, the daily chart of gold prices has also achieved the initial technical conditions for a possible increase in price with price activity above EMA21, POC Volume Profile and the 0.50% Fibonacci retracement level. Currently, these indicators are becoming the closest support. An important factor for the uptrend to form is the level of 2,693USD, which is considered a technical confirmation point for a newly formed uptrend. Once it is broken above and gold sustains activity above this level, the next target is around $2,730 in the short term. The relative strength index RSI has also risen above 50. However, the slope is not large but it is still considered a positive signal for gold prices in the near future. During the day, gold had initial bullish technical conditions and notable levels are listed below. Support: 2,664 – 2,645 – 2,634USD Resistance: 2,693 – 2,700USD SELL XAUUSD PRICE 2691 - 2689⚡️ ↠↠ Stoploss 2695 →Take Profit 1 2684 ↨ →Take Profit 2 2679 BUY XAUUSD PRICE 2649 - 2651⚡️ ↠↠ Stoploss 2545 →Take Profit 1 2656 ↨ →Take Profit 2 2661
Did you Remember I said zBuy gold From 2660 and my target is 2680 now going to hit almost 170 Pips already done enjoy ready for new NFP Target ?
Let’s dive into today's Last Nasdaq market analysis 2024. Share insights, and potentially spot opportunities for good pips.
On BYBIT:BTCUSDT.P chart there's a new pattern called Descending broadening wedge which is considered bullish and is often seen as a reversal pattern. So I expect a continuation of the bullish trend. NFA. DYOR.
Gold Pre-NFP Analysis - As Simple as Possible I have 4 levels on upside to watch as Sell levels ➡️15m level 2684ish (high risk) ➡️H1 level 2690ish (medium risk) ➡️H4 level 2708ish (low risk) ➡️ Day/week level 2733ish (extremely low risk) I would prefer start taking sell risk form H1 levels with 70 to 100 pips SL, depending on the entry I got. For buy Risk I have 2 levels marked on charts ➡️H4/Day levels 2633ish for medium to low-risk entry ➡️Weekly level 2612ish for reentry once 2633ish failed. This is the game plan for now for full NFP day, any change would try to convey on time. Ignore all previous VIP inactive signals if any and follow NFP levels and updates for next move. Today is 1st NFP data of year 2025 that can be seen as wide range move that can make leveraged traders rich in no time if entered in right side of trades with open TP. I personally stick with SL and TP
Pairs on Watch - FX:EURUSD OANDA:UK100GBP FX:USDJPY A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
XAUUSD New forecast???? The price perfectly fulfilled my last idea. Note: Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP. Please support this idea with a Like and COMMENT if you find it useful click "follow" on our profile if you will like these type of trading ideas delivered straight to your email in the future. Thanks for your continued support!! lemme know your thoughts in the comment sec...
I, dropped this analysis about CHFJPY last week, i said price will retrace to fill up the imbalance and give the Bull a perfect entry at 61:8% discount at the order block. Its Time to Enter. I Just did! Entry, Take Profit 1&2 and stop loss are clearly marked out on the chat. GOOD LUCK GUYS!