FXOPEN:XAUUSD AlexGoldHunter Technical Analysis Using Price Action Technique Key Levels and Zones Resistance Levels: Top 1: Around 2,720 USD Top 2: Slightly above 2,720 USD Strong High: Near 2,760 USD Support Levels: Target: Around 2,480 USD Another Target: Around 2,510 USD Fibonacci Retracement Levels: 0.382: 2,659.5042 USD 0.5: 2,640.4 USD 0.618: 2,621.2958 USD 0.705: 2,607.2105 USD 0.786: 2,594.0966 USD Trend Analysis The chart shows a downtrend from early November to mid-November, followed by a consolidation phase and then an uptrend reaching "Top 1" and "Top 2". A recent pullback is observed from "Top 2," indicating a potential reversal or correction. Volume Analysis Volume bars at the bottom indicate trading activity. Higher volume during price movements can confirm the strength of the trend. Buy Strategy Entry Point: Look for a bullish reversal pattern near the Fibonacci retracement levels (0.5 or 0.618) around 2,640.4 USD or 2,621.2958 USD. Confirmation of a higher low or a bullish candlestick pattern (e.g., hammer, engulfing) near these levels. Stop Loss: Place a stop loss below the recent swing low or below the 0.786 Fibonacci level (2,594.0966 USD). Take Profit: Initial target at the previous high (Top 1) around 2,720 USD. Further targets can be set at the strong high near 2,760 USD. Sell Strategy Entry Point: Look for a bearish reversal pattern near the resistance levels (Top 1 or Top 2) around 2,720 USD. Confirmation of a lower high or a bearish candlestick pattern (e.g., shooting star, bearish engulfing) near these levels. Stop Loss: Place a stop loss above the recent swing high or above the strong high near 2,760 USD. Take Profit: Initial target at the support level around 2,510 USD. Further targets can be set at the lower target around 2,480 USD. This chart provides a comprehensive view of the Gold Spot price against the U.S. Dollar, incorporating various technical analysis tools. By using price action techniques, traders can identify potential buy and sell opportunities based on key support and resistance levels, trend analysis, and volume confirmation. Happy trading! Follow @Alexgoldhunter for more strategic ideas and minds
In this video, I will explain to you why I believe we are about to have an EPIC bounce in the AMEX:IWM CAPITALCOM:RTY NASDAQ:TLT I've put out write ups on this topic but I wanted to get all my thoughts in one cohesive video analysis to give you the visuals you deserve for my BOUNCE prediction. ??$259 ⏳Before March2025 Not Financial Advice. Check it out here ?
Disclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. 50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 30 days SMA if price close below 30 SMA then Exit or be in the trade for 2 to 4 weeks. Target & Stop loss shown on Chart. Do not Forget to Exit if Stop loss Hit. Be Discipline because discipline is the Key to Success in the STOCK Market.
Looking at the chart, we can see that the price started to fall a few minutes ago and fell to the buyer's area, breaking the support level, and trading there for a while. Later it tried to rise, but failed and quickly fell back to the buyer's area, after which there was a strong upward impulse, breaking through the 95500 and 102200 levels. Next, the price rose further and then fell to 90500 points, after which it fell back and began to trade inside the triangle pattern. In this pattern, BTC almost rose to its current support level and then began to fall. In a short period of time, the price fell to the 95500 support level, and even lower, falling to the support line of the triangle, which coincides with the buyer's area. Then BTC rebounded and rose to the 102200 level, after which it made a small adjustment and then continued to rise. After a while, the price reached the 102200 level again, broke through it, and now BTC is trading in the support area, very close to the resistance line of the triangle. Therefore, in this case, I think that BTC can rise slightly and then continue to fall to the support line of the triangle pattern, breaking through the support level. That is why I set the target price at 98,900 points, coinciding with this line.
Last Friday, gold encountered strong selling pressure at 2692, continuing its downward movement to the green zone, which I’ve marked as a potential buying area. Traders who held long positions on Friday may see profits on Monday. There could be a second downward move, but if this happens, the 2644-2636 area is expected to act as strong support. For long positions, the initial targets are 2657-2666, and if prices stabilize around 2654-2658, we can target the 2671-2679 range.
#EKHOA time frame 15m created a bullish Gartley pattern entry level at 31.80 TO 31.90 stop loss 31.75 first target at 32.10 second target 32.30 up to 32.45 , 32.60 MACD indicator show positive diversion , may that is support our idea. NOTE : this data according to time frame 15m Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing Thanks and good luck
NASDAQ:NVDA hits target 4 precisely and has since pulled back. It is currently trading around the support region. There is a potential head and shoulders pattern forming with the neckline around the $132 to $130 area. A full measured move upon neckline breakdown is $117. The midway support is $126. Bear in mind, just because a pattern is forming doesn't mean it will validate. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
Ethereum's current technical setup suggests a potential move toward $4,784, driven by strong bullish momentum and key technical indicators aligning in favor of a continued uptrend. Here’s how Ethereum could realistically reach this target. Evidence Supporting the $4,784 Target 1. Breakout Momentum Ethereum has recently broken above significant resistance around $3,400 on strong volume, confirming bullish momentum. The breakout from a consolidation range suggests Ethereum is entering a new upward phase with a higher target range. 2. Fibonacci Extensions Using the Fibonacci retracement from the previous major high near $4,865 to the recent low of $1,100, the 1.618 Fibonacci extension aligns closely with the $4,784 target, making it a realistic projection for the next major resistance level. 3. RSI Momentum The RSI on the weekly timeframe is trending upward and nearing 65-70. This indicates strength but still has room to grow before becoming overbought, allowing further upside potential. 4. Golden Cross Formation On the daily chart, the 50-day moving average has crossed above the 200-day moving average, forming a golden cross, which is a long-term bullish signal. 5. MACD Confirmation The MACD remains in a strong bullish crossover on both the daily and weekly charts, with rising histogram bars indicating sustained buying momentum. 6. Trendline Support Ethereum has consistently respected a rising trendline since the 2022 lows, which serves as a strong base for continued price increases. Price Levels to Watch Key Resistance Levels $4,000-$4,100: This is the immediate psychological resistance and a historical level of interest. Clearing this zone will pave the way for higher prices. $4,500-$4,600: This is a major supply zone from the previous cycle highs and will serve as the last hurdle before Ethereum approaches $4,784. Key Support Levels $3,400-$3,500: This is the breakout zone from recent consolidation and should act as strong support during any pullbacks. $3,000: A critical level to hold for the bullish trend to remain intact. Path to $4,784 Scenario 1: Direct Rally If Ethereum continues to hold above $3,400 and clears the $4,000-$4,100 resistance, the momentum could take the price directly toward $4,500 and eventually $4,784. Scenario 2: Consolidation Before Breakout Ethereum may consolidate between $3,400 and $4,100 before building sufficient momentum to break higher. This is more likely given the upcoming resistance zones. Trading Strategy Entry Points Add to positions near $3,400-$3,500 after confirmation of support. Consider entering on a breakout above $4,100 with increased volume. Stop Loss Place stop-loss orders below the $3,000 level to minimize downside risk. Take Profit First target: $4,100 Second target: $4,500 Final target: $4,784 Risk Management Use a 1:2 risk-reward ratio and adjust position sizes based on volatility. Indicators Supporting the $4,784 Target Fibonacci Extension: The 1.618 extension aligns with $4,784, reinforcing it as a likely target. Bollinger Bands: Ethereum's price is currently riding the upper Bollinger Band on the weekly chart, signaling bullish momentum and room for further upside. Volume Profile: Increased trading volume on recent breakouts suggests strong buying interest, supporting the move to higher levels. Conclusion Ethereum has a strong technical foundation to target $4,784, provided it maintains support above $3,400 and clears the $4,100 resistance. The bullish momentum, supported by key indicators and the Fibonacci extension, aligns with this projection. Monitor price action closely at resistance zones and adjust risk management accordingly. Let me know if you'd like a chart breakdown or further insights!
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Dollar Index (DXY) continued to go higher on better-thanexpected PPI and softer EUR, following ECB meeting. Focus next on FOMC next week. DXY was last at 107 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Head and shoulders pattern have formed “Focus next on FOMC next week. A 25bp cut is more or less a done deal (markets pricing 97% probability of a cut).” “Bearish momentum faded while RSI rose. Head and shoulders pattern have formed but DXY has yet to break below the neckline and is now challenging the second shoulder. A decisive break below neckline is required for bears to gather momentum.”