A retracement back its upward trendline is probable with MACD bearish divergence. Price currently consolidating below the major resistance level of 1.3000. Target Price: 1.2800
short up trend and rather long decelearation for the next 2 months. Target will be 3500 s fort next year.
From my chart analysis on XAUUSD (Gold), here's what I observe: Pattern & Market Structure: 1. Head and Shoulders Pattern my chart shows a clear head and shoulders pattern, a classic bearish reversal signal. The price has broken the neckline, confirming potential downside movement. 2. Resistance & Stop-Loss Zone (Red Box) I have marked a stop-loss zone above the recent highs, meaning if price moves above this, your short trade idea is invalidated. This area acts as strong resistance, and if price stays below, sellers will likely take control. 3. Support & Target Zone (Green Box) The green area below suggests your take-profit zone, indicating a bearish expectation towards lower key support levels. Price may retest the neckline before continuing down. 4. Trend & Confirmation: If price rejects the red zone and breaks below key support, it confirms bearish momentum If price reverses and breaks above the red zone, it invalidates the bearish setup. Trade Idea: Bearish Bias unless price breaks the red zone. Entry Confirmation on rejection of resistance. Profit Target at lower support levels in green
Gold (XAU/USD) recently surpassed the $3,000 per ounce mark, reaching an all-time high of $3,005 before experiencing a pullback. Bearish Technical Indicators: Shooting Star Candlestick Pattern: The formation of a shooting star pattern at the recent peak suggests potential bearish reversal. Relative Strength Index (RSI): Bearish divergence in the RSI indicates weakening momentum, signaling a possible downturn. Support Levels: Immediate support is identified at $2,956; a breach below this level could intensify bearish sentiment. Fundamental Factors Influencing Bearish Outlook: Rising U.S. Treasury Yields: Increases in U.S. 10-year yields exert pressure on non-yielding assets like gold, potentially diminishing its appeal. Easing Geopolitical Tensions: A reduction in geopolitical risks may decrease demand for safe-haven assets such as gold. Overbought Conditions: Gold's rapid ascent to record highs raises concerns about overvaluation, suggesting a possible correction. Potential Price Targets: Downside: If bearish momentum persists and support at $2,956 is breached, gold prices could decline toward the $2,900 level. Upside: Conversely, if gold maintains support above $2,956, it may attempt to retest the $3,005 resistance level. Risk Management Considerations: Stop-Loss Orders: Traders should consider placing stop-loss orders above key resistance levels to limit potential losses in short positions. Position Sizing: Appropriate position sizing is crucial to manage risk effectively, especially given gold's recent volatility. Diversification: Maintaining a diversified portfolio can help mitigate risks associated with potential downturns in gold prices. Caution: While current technical and fundamental indicators suggest a potential bearish trend for gold, markets are inherently volatile. It's essential to conduct thorough research and implement prudent risk management strategies before making investment decisions.
Vedanta Ltd is approaching a crucial support level that traders and investors should closely watch. Based on recent price action and technical analysis, this level could act as a strong buying zone. A bounce from this support may signal a potential upside move in the coming sessions. ? Support Level: ? Watch for bullish price action or reversal patterns near this zone for potential entry opportunities. Stay tuned for updates and trade with proper risk management. #Vedanta #VedantaShareAnalysis #StockMarketIndia #SupportLevel #TechnicalAnalysis #SwingTrading #NSEStocks #BuyZone #TradingViewIndia
hello guys. As you can see, btc hunted the last low! On the other hand, it formed a head and shoulders. there are two entries: the neckline and the origin of the last move! The target: $89500
It feels possible that we may have seen a temporary bottom for ETH for the short-term. We are basing, and the change is of $ 2,350 test again. Long-term seeing much lower levels, but its as noted a short-term chart and idea. Strategy BUY current $ 1,875- 1,950 and take profit near $ 2,275 for now.
TRXUSDT: Possible buy trend shift. We see RSI divergence at the support level. If price breaks above the resistance line with high volume, then buy setup activates.
GER40 has upward pressure, and this will continue short-term. There are sufficient evidence to see a test of 23,150 again, and perhaps little higher. Strategy SELL @ 23,250-23,450 and take profit near 22,750 again.
Ethereum has successfully broken out of the descending trendline, signaling potential bullish momentum. The price is currently holding within a strong support zone, which could act as a launchpad for further upside movement. I expect the market to push higher towards the next key resistance levels. My target levels are set at $1,989.71, $2,155.17, and $2,267.42, while the stop-loss is positioned at $1,776.44 for risk management. A retest of the breakout zone could provide an optimal entry before continuation to the upside. Watching for confirmation and volume increase to validate the move.