This 4-hour chart of Gold (XAU/USD) shows a strong bullish trend within an ascending channel. The price has recently broken out, approaching the 2,930.972 target. Key Fibonacci levels suggest continued upward momentum, with the next resistance around2,933.719. Support is located near $2,880.671. The chart indicates that Gold is in a breakout phase, and the next potential move could push the price towards higher levels if the trend remains intact.
Price was in a strong downtrend, however a matured bullish divergence hints the return of bulls. If the descending trendline is broken with volume along with the previous lower high then according to Dow theory we can expect a bullish reversal. Targets are mentioned on the chart.
The last setup I posted was bullish and did give a good reaction that I took as confirmation however the trade did not play out. This then caused a bearish choch on the daily and price has since pulled back and is now showing bearish structure. Both swing and internal structure on the 4H timeframe and above are bearish so that is the direction I'm following right now. Fractal structure on the 4H is currently bearish and I will continue trading in that direction targeting January's low.
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments? Recently price started to trades inside flat, where it at once broke $2745 level, but soon fell back to support area. Next, price bounced up to the top part of flat and then corrected back to support area, where it some time trades. After this, Gold exited from support area and soon exited from flat and continued to move up inside rising channel. In channel, price corrected to support line and then in a short time rose to $2850 level and broke it. Then price reached resistance line of channel and fell to support area, after which it continued to move up. So, I think that Gold can make a correction and then continue to move up to $2945 resistance line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
The price has perfectly fulfilled my previous forecast . The market surged straight up and reached the psychological level at 2900 without any pullback. On the 1H timeframe, a trend continuation pattern—a triangle—formed before the market moved higher. Additionally, the price broke and closed above last week's high. As the market tests this key level, we may see increased volatility in this area. If the price makes a pullback toward the support level, there is a strong opportunity to go long, with the potential for the price to continue moving upwards. My goal is resistance zone around 2925 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
Gold price continues to attract safe-haven flows amid persistent worries about Trump’s trade tariffs, refreshing record highs just above $2,900. Mounting trade war and inflationary concerns prompt investors to run for cover in the tradtional store of value, Gold. Gold now sell 2901 Support zone 2885
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? This week, trend consistency is aligned across D1, W, and M timeframes. We will follow the D1 cycle to trade BTC or use it as a guide for short-term Altcoin Scalping. ? At the same time, we anticipate the formation of the next bullish structure on W timeframe. The accumulation zone on W may form around $77K - $85K, as mentioned in my previous analysis. The next peak of the W/M cycle uptrend is projected to be around $140K. ? Now, what’s the plan for BTC this week? Below is the setup guide for the Rainbow MG3 Indicator, to wait for BUY or SELL confirmations from BTC. ? 1. Short-Term BUY Setup on D1 ✅ Time Frame 1: M15 or H1 ✅ Time Frame 2: D1 ✅ Strategy: ⚡ Wait for a BUY signal on BTC for Scalping opportunities. ? 2. Mid-Term SELL Setup on W ✅ Time Frame 1: H1 or H4 ✅ Time Frame 2: W ✅ Strategy: ? Wait for a SELL signal on BTC once D1 completes its upward correction, following the W downtrend continuation. ? 3. Primary BUY Signal on W ✅ Time Frame 1: H1 or H4 ✅ Time Frame 2: W ✅ Strategy: ? This is my key focus – a Swing BUY signal on BTC. ? Once confirmed, this signal will initiate the next bullish wave, including Altcoins that are ready to follow BTC's structure.
A break and close of 30 minute candle above 21633 will signal a buy and a break and close of 30 minute candle below 21562 signals a sell TPs will be the next zone Sls are generally 1:1 RR so about 1000 pips SL
Good day traders, hope you're having a profitable day, tune into this next move on USDJPY making a long, evident of a weak trend, a reversal is long overdue. Check out our profile or our Instagram to join our free Telegram channel and learn more about this trade and gain access to exclusive features and updates.