Gold (XAU/USD) remains a favorite among traders due to its characteristic volatility and safe-haven appeal. Currently, the chart indicates a potential breakout scenario, as the price approaches a critical resistance level following a steady ascent from support zones. Chart Breakdown Support Zone: The primary support zone lies between $2,590 and $2,620, an area where buyers have consistently stepped in to defend prices. Resistance Levels: The immediate resistance is at $2,640, where price is currently testing the breakout level. If cleared, the next significant resistance lies around $2,670, with a potential rally toward the $2,700 zone, a level that aligns with recent highs. Potential Scenarios Bullish Case: A breakout above $2,640 could open the door to further upside, targeting $2,670 as the first milestone and $2,700 as a secondary target. The ascending trendline further supports bullish momentum, providing dynamic support. Bearish Case: A failure to breach $2,640, combined with selling pressure, could see prices revisiting the $2,620 support zone. A breakdown below this level could send gold back toward $2,590 or even lower, around $2,550, where a stronger demand zone is evident. Trading Plan Bullish Setup: Entry: Above $2,640 with confirmation of a breakout. Target 1: $2,670 Target 2: $2,700 Stop-Loss: Below $2,620 Bearish Setup: Entry: Below $2,620, especially if the ascending trendline breaks. Target 1: $2,590 Target 2: $2,550 Stop-Loss: Above $2,640 What’s your outlook on Gold? Will it break higher, or is a retracement imminent? Let’s discuss in the comments below! ?? ⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always perform your own analysis before trading. ? Like, Follow, and Share to stay updated with the latest chart insights and trading strategies. Let’s conquer the markets together! ?
NASDAQ:AMZN has just broken a new high levels. Maybe a correction is also on the way. It is just a new buying opportunity. Do not lose what you have on your hand.
https://www.tradingview.com/x/4g8L6Na4/ Hello,Traders! DAX is trading in a strong Long-term uptrend and Has made a local bearish Correction but as the price Is about to retest the horizontal Support level of 19,600 we Will be expecting a rebound And a further bullish continuation Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
I've cut my risk to BE as we approach the exit point. Proprietary trading system + semi-automatic EA to manage 40+ pairs | FREE weekly reversal levels on Twitter (X)
Due to holiday season, gold has limited volume. However, it still follows technical outlook. Currently, it is in bullish trend in 4hrly, 8 hrly, 12 hrly and daily. There will be an initial rise today. After that, if we see another 4 hrly red bar. This may be a sign of significant price drop.
Expect this trade to go deep within the indicated range. If it hits the 5 min safety level, keep a tight target as indicated. If it doesn't reach this lvl, holding for a bigger target may be possible!
? Capitalize on Quick Gains with DFUSDT! ? ? Market Overview: DFUSDT is showing strong potential for a short-term upward move on the H4 timeframe, making it an excellent candidate for quick profits. ? Trade Plan: ? Entry: Around $0.07 – Optimal range to secure your position. ? Target: +40% – Aiming for solid gains within the short-term cycle. ⏳ Hold Time: If the wave begins intraday: Exit once the target is achieved. If not: Hold until the end of the week at most. ? Strategy Insights: My custom indicator RainBow MG3 has flagged DFUSDT as a promising opportunity for quick profits. Market conditions and momentum on H4 suggest a strong likelihood of hitting the target. ? Next Steps: ? Reach out for additional guidance or tailored strategy support. ? Note: This is not financial advice. Always DYOR before making any trading decisions. ? DFUSDT is primed for quick action – Don’t miss this opportunity! ?
CRYPTOCAP:BTC has sold off and alts have dumped, but you should be calm! CRYPTOCAP:BTC slipped over 3.75%, and CRYPTOCAP:BTC Dominance has slightly risen. This made alt-coins dump, but all i see are great buying opportunities. Sometime in the next 3 months CRYPTOCAP:BTC Dominance will fall. This will trigger alt-season and 30% + daily candle will become normal. So just BUY THE DIP, green candles are coming.
https://www.tradingview.com/x/oWzzVCf3/ A spot purchase for DOT holds value for long-term holders here. The 89 SMA (Blue) and 377 SMA (Red) converge soon, while the 34 SMA is the Black MA). The price may go lower, but I see value here for long-term holders. It is hard to predict what the market will do.
I spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Turbo ( OKX:TURBOUSDT ): Promising Setup for Short- to Mid-Term Gains Trade Setup: - Entry Price: $0.0096522 - Stop-Loss: $0.0063183 - Take-Profit Targets: - TP1: $0.0150133 - TP2: $0.0230523 Fundamental Analysis: Turbo ( OKX:TURBOUSDT ) is a meme-inspired cryptocurrency that continues to thrive due to its active community and strong engagement. MYX:TURBO has carved out a niche in the competitive crypto market, leveraging its branding and community dynamics to attract a loyal following. With the recent bullish momentum across meme coins, MYX:TURBO is well-positioned for a potential rally. Technical Analysis (4-Hour Timeframe): - Current Price: $0.0096522 - Moving Averages: - 50-EMA: $0.0092000 - 200-EMA: $0.0085000 - Relative Strength Index (RSI): Currently at 58, signalling growing bullish sentiment. - Support and Resistance Levels: - Support: $0.0090000 - Resistance: $0.0110000 The 4-hour chart shows OKX:TURBOUSDT forming higher lows, indicating a strengthening trend. If OKX:TURBOUSDT breaks above the immediate resistance at $0.0110000, it could quickly move toward TP1 and beyond. Market Sentiment: Market sentiment for OKX:TURBOUSDT remains positive, driven by increasing trading volumes and renewed interest in meme coins. The broader crypto market recovery provides a supportive backdrop for this move. Risk Management: A stop-loss at $0.0063183 ensures manageable downside risk, while the take-profit targets provide excellent risk-reward ratios. TP1 offers a potential gain of **55%**, and TP2 offers a gain of **139%,** making this setup ideal for swing traders. Key Takeaways: - OKX:TURBOUSDT shows strong technical and market momentum, making it a compelling short- to mid-term trade. - The trade setup offers attractive risk-to-reward ratios for traders seeking to capture the upside potential of meme coin rallies. - Disciplined adherence to stop-loss and target levels is critical in navigating the volatility of this market. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*