Golden cross about to happen on monthly time frame (By the start of next month). It broke out its all-time high, touched Fib 1.618 level and then retraced back to retest. Currently breached its 10 moving average on monthly chart and weekly 50 moving average gave it support. Its easy target can be 734 if it jumps again after the golden cross.
We had a previous post about the price levels above 4878, we also found the time and price subdivisions that connect the significant tops and bottoms in the past and what to expect forward. We also marked the 965 and 1545 levels as the variance of 1.0 and 1.618 expansion from the primary bottom. We made a top projection at 4106 level forward from the 1545 level which is the current top where the sharp correction commenced from. With the correction in progress we expect the range between 965 and 1545 to be a strong range to park up long term buy entries. We also see the current correction making a bottom that will be the base for the new advance pass the 4869.47 high. This expected bottom is closely tied with BITCOIN reaching 52000 price level as the 50% expected correction. Below 1545 every decline is a chance to add more buy entries, however, margin trades should use strict stoploss rules to manage risk. Trade safe.
*Gold Trading Forecast Based on Chart Analysis* **Current Market Overview:** - **Gold Price:** $2,973.21 (as per chart) - **Trend:** Uptrend within a rising channel - **Recent Pattern:** Breakout from consolidation zone (highlighted in beige) **Support & Resistance Levels:** - **Immediate Resistance:** $3,000 (psychological level & upper channel boundary) - **Major Resistance:** $3,100 - $3,200 (upper boundary of the blue trend channel) - **Immediate Support:** $2,915 (recent consolidation base) - **Strong Support Levels:** - $2,823 (marked in red, potential pullback zone) - $2,740 (blue support level) - $2,611 (major support zone, lower boundary) **Forecast & Trading Strategy:** 1. **Bullish Scenario (Breakout Above $3,000)** - If gold crosses $3,000 with volume, it may rally toward **$3,100 - $3,200**. - A confirmed breakout could trigger further bullish momentum. 2. **Bearish Scenario (Rejection at $3,000)** - If gold faces rejection near **$3,000**, a pullback towards **$2,915 - $2,823** is likely. - A break below **$2,823** could push gold toward **$2,740**. 3. **Consolidation Possibility** - Gold may trade between **$2,915 - $3,000** before a breakout. **Trading Plan:** - **Long Position:** Above $3,000 targeting $3,100 - $3,200. - **Short Position:** If price rejects $3,000, targeting $2,915 - $2,823. - **Stop Loss:** Below $2,823 for long trades, above $3,010 for short trades.
Hey Everyone, Once again a smashing day on the markets with both our 1h and 4h charts, playing out as analysed. We got our Bullish targets 2922, 2947 and 2968 all completed on our 1h chart, confirmed with cross and lock, giving us enough time from confirmation to target being hit. Please see our 4h chart below, also completing our target at 2947, which we confirmed was open yesterday, giving enough time for the target to be hit today and now also finished off with 2978. We will now look for a test and lock for a further continuation or failure to lock above will see a rejection to find support at the lower Goldturns for support and bounce. https://www.tradingview.com/x/MbX9tPCO/ We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2922 - DONE EMA5 CROSS AND LOCK ABOVE 2922 WILL OPEN THE FOLLOWING BULLISH TARGET 2947 - DONE EMA5 CROSS AND LOCK ABOVE 2947 WILL OPEN THE FOLLOWING BULLISH TARGET 2968 DONE As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
Here You Can Long ZEC At This Point This On Already At Crucial Support Zone
From a technical point of view, the first target should be Rs 237, and the long-term target is Rs 335. On fundamental grounds, the current fair value of this share should be around Rs 228, but if the circular debt issue is resolved and the company starts giving dividends around Rs 40 - Rs 45 than the fair value will jump to around Rs 350, so it is a good bet both technically and fundamentally. Do your own research(DYOR)
## *Pattern Identified:* 1. *Ascending Channel Pattern (Trend Channel)* - The price is moving within a well-defined *support and resistance channel* (marked in purple). - The market is in an *uptrend, respecting both the **support trendline* and *resistance trendline*. ### *Technical Tools Used:* 1. *Break of Structure (BOS)* - Marked in yellow, indicating a breakout of the previous price structure. - This confirms bullish momentum and trend continuation. 2. *Change of Character (CHOCH)* - Found earlier in the trend, signaling a shift from a downtrend to an uptrend. - This acts as an early signal for trend reversal or breakout traders. 3. *Liquidity Pools* - *Lower Liquidity Pool (Pink Box): Located near the **support area*, showing a region where stop losses and buy orders may have been triggered. - *Upper Liquidity Pool (Blue Box): Near the **resistance line*, indicating potential liquidity hunting before a breakout or reversal. 4. *Dynamic Liquidity (LQD) Line* - A mid-level trendline that price seems to be respecting, acting as a dynamic support. 5. *Support & Resistance Levels* - *Support (Lower Purple Line)*: The price has bounced multiple times from this level. - *Resistance (Upper Purple Line)*: The price is approaching this area, with projections for possible breakouts or pullbacks. 6. *Projected Price Movements* - Future price movements are marked with *zigzag lines, showing a **possible breakout above resistance* or a *retracement before further continuation*. ### *Conclusion:* - The market is in a *bullish trend within an ascending channel*. - If price *breaks above resistance, it could continue rising towards *$3,000**. - However, if it *fails to break*, a pullback to the dynamic liquidity zone or support could occur before another attempt. Would you like a more detailed breakdown of any of these concepts?
The Dow Jones is just about 200 points from major support. I should caution there's often a move through support and slightly below, but this is where all the buyers are. (I should have drawn the arrow to hit the next major resistance/support around 2031 lol, but you get the idea) Good luck!
The gold market has reached a critical point! Driven by the strong risk aversion sentiment, the price of gold has soared all the way, quickly breaking through many resistances and accelerating to the vicinity of 2985. However, if you look closely at the K-line chart, you will find that this round of rise is mainly stimulated by news, and there is strong resistance in the vicinity of 2985. Fortunately, we have already made arrangements. We have set the number of transactions reasonably before shorting. The current margin level is sufficient to support us in dealing with the current situation. At this time, it is a good time to increase positions. We can boldly increase positions and short in the 2977-2983 area, appropriately increase the number of transactions, lower the average price, and wait for gold to fall back to the 2940-2930 area. All positions will be decisively closed to achieve a turnaround, secure the bag, and lock in profits. You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
ETH is rejected from 1950$ multiple time and now eth price can be touch 1540-1600 zone