As expected, the price of gold rebounded and strengthened under the continuous stop-loss pattern, and returned to above the middle track and short-term moving average. The bullish force increased, and the moving averages turned into support again. The Bollinger Bands are also expected to open and extend upward, suggesting that the market outlook will be optimistic about strengthening again and setting new historical highs. Then the middle track line and other moving averages below will serve as bullish support, and bullish operations will be carried out on dips. In the 4-hour chart, the 5-day moving average at 3130 is the key support. If it gets support and closes positive, it is expected to rise again. If it falls below, it may be adjusted sharply. The 1-hour chart shows that the moving average is bullish, but the price is overbought and there is a need for a correction. It is expected that gold will remain strong, but be wary of a correction. Investment strategy: Buy around 3150-3155, stop loss 3142, target 3180
The price bounced from weekly support and now have retraced a bit. It is possible that it retraces a bit further before moving towards 82k. The move can continue beyond 82k. Therefore, lets take a long here targeting first 82k.
NOC is now net long on the regression break. I am not taking this trade, as it is just a notable move.
A textbook Bear flag with proper breakdown and reached the target. Now the market is ranging to decide where to go. Whatever the price action will be, there will be suitable news on TV afterwards don't worry. Looking purely at the charts, QQQ should recover between 488-510 area. The two big volume days at the end of the pattern target convinced me we are on the way up for now, whether its a trap or not remains to be seen. Cheers
I plan to rebuy again when price touch red horizontal line, my stoploss at red color fibonacci and take profit at blie color fibonacci
On the 30-minute BTCUSD chart, we can see a break of structure followed by a return to the consolidation zone. The price is currently testing the previous support, which is now acting as resistance. A potential fake breakout to the upside could occur, followed by a drop into the marked demand zone, where a possible reversal and continuation of the uptrend may take place.
Breakout: 3,167 was last ATH, a significant level to watch. A sustained break above this level could lead to further upside. And we closed at 3176. broked above 3167 with strong momentum, and could signal a continuation of the uptrend, potentially leading to new highs (3,200 or beyond). Looking to levels 3190-3200 or 3214-3225. Worst scenario will be 1.65 projection with price at 3300-3305. On last correction when we done last low at 2956 we projected to 1.23/1.27, and if will happen the same now, 1.23/1.27 is at 3214-3225. Bullish trend still intact and if we reject on psycological 3200 level we can reject to 3134 and after above 3200 or we can correct 50% to 3082 and after above 3200. In case 3080 not hold we can go lower to WO 3030.80 . Supports: 3,120 - 3,130, 3,050 - 3,060, 3,000 (psychological), 2,950 - 2,970. Resistances: 3,175 - 3,175.345 (ATH), 3,200 (psychological), 3,250. Key Levels: 3,175 (current price/ATH), 3,100 (minor pivot). Reversal Points: Bullish at 3,120 - 3,130 or 3,050 - 3,060; bearish at 3,175 or 3200 or 3214-3225 On my opinion we must correct before 3200 even if we will broke it after for upside. So at 3176 - 3195 area we can correct to 3120-3134 area or 3080 - 3100 area before new ATH
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The Price is testing the Fibonacci Retracement levels and is expected to continue uptrend. Good opportunity to buy at these levels. These levels are indicated on the chart.