Today, gold sustains modest intraday growth during the first half of the European session, though it lacks the momentum for a stronger upward move. Uncertainty surrounding U.S. President-elect Donald Trump's tariff plans, fears of a trade war, and geopolitical tensions act as tailwinds for the precious metal. The $2665 level serves as a strong resistance barrier. Considering the 200 EMA on the daily chart has just begun to gain positive momentum, a sustained break above this barrier could act as a new trigger for bulls, paving the way for further gains. Subsequent upward movement could lift gold prices to intermediate resistance in the $2681-2683 zone, and route to the psychological $2700 level. On the other hand, weakness below the $2635 level will find some support near the 1oo-day SMA and the weekly low around $2615-2614, established on Monday Following this, a confluence of the psychological $2600 level with the 100-day EMA and a short-term upward trendline extending from November's low provides additional support. A convincing break below this confluence would expose December's low in the $2583 level. If this level is breached, he probability would shift in favor of the bears. Happy Trading!
XRP like consolidate while in triangle range But it also maybe shakeout outside triangle to sweep liquidity in support before making another movement
Hi there, I am posting my updated analysis on CRYPTOCAP:XRP , I believe that we're currently trading within a Bearish Rectangle on the 1H timeframe. The fact we're hovering closer to the lower side of the rectangle would suggest a possible breakdown which would result in the price falling down towards the following levels; $2.16, $2.08, $1.96 - $2.16 is within the pennant which would make it a more likely objective. - $2.08 is just below the pennant, I believe we could wick down to this. - $1.96 is seeming less likely as we progress through the pennant > These are places where I'll be looking to open long positions. BINANCE:BTCUSDT has created the neckline for the very large H&S on 12H-1D timeframes, it rejected at first but could it do another retest? If it does breakdown then it'll drag the rest of market with it. This is something we must watch for in coming hours/days. If BTC was to breakdown we'd be looking at $75,000-$80,000 target, where would that leave XRP? I'm not too sure but it's been holding well so far. Does anyone have input on this analysis or feedback, it would be greatly appreciated. I'm relatively new to trading and TA but I'm figuring it out slowly. Thank you! =)
in this scenario if 0.9 breakdown we well see massive down in ADA to retest trendline and support but if it hold 0.9 seems performing iHnS ?
ENA create double top and now in support area, if this support breakout mostlikely will visit red line
Overall the price is very bullish I have been trying to catch retracements as sells and failed miserably Now only looking for long positions until weekly shifts to bearish
market is very confusing nowadays. I wanted to share a possibility
Bitcoin (BTC) is currently forming a repetitive pattern. The price will test the identified support at the bottom of the channel, which could drive the price down toward the 86K-88K level. If the price drops below 92K, we may see a more significant decline into the 84K range, possibly accompanied by a long shadow reaching the 80-82K area (highlighted in red). The Alternate scenario: If the price stabilizes against the direction of the position below or above the trigger zone (92K), the setup will be canceled.
Gold has been able to ignore the US dollar strength and rising bond yields until now. But since topping out in October, it has created a few lower highs, suggesting that the trend is no longer bullish as it was in the early parts of last year. The precious metal is now testing a bearish trend line derived from connecting the prior two highs. This trend line happens to cut through a key resistance zone between 2675 to 2685. What's more, the 61.8% Fibonacci retracement level against the December high comes in around this area, at 2671. All this makes it an ideal area for the sellers to potentially step in. Can we see a potential drop here? Or will the bulls prevail despite all these technical hurdles?
wee like i jigsaw, i put the pieces up , then someone comes in and smacks it down, BYE BYE