AUDUSD next possible moveWe are waiting for our asset to reach our action zone, and based on the reaction, we’ll decide on our next moves.ALWAYS WAIT FOR A CONFIRMATION TO SEE IF THE PRICE VALIDATES THE ZONE.
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BTC 4h-48 long forecastBTC looks very bullish on almost any timeframe. structure tells us we could have a pullback soon into unmitigated MB's which act as large SnD zones for those who dont know. MB's tend to have a high % of being mitigated before the long trend can continue. they get mitigated to cover the institutional shorts that made that last move down to liquidate any longs before the pump happened. Of course there isnt always a mitigation and this could very well continue upwards without any for of mitigation but that is something we shouldnt trade as there is very limited RR to capitalize on.
What will happen to gold after the U.S. election?After Trump was elected in the U.S. election, gold went through a wave of decline. It once retreated to around $2,702, and then moved back to the 2,732 position. It fell as fast as it rose!
Gold rebounded after retreating to 2701. Pay attention to the pressure positions of 2734 and 2745.
Gold is expected to continue to rebound after retreatingIn terms of trend, the price of gold is still mainly range-bound. Although the hourly line has made a downward move, with the lowest test around 2724.60, it only fell below briefly. The overall rhythm of gold is still mainly range-bound. If gold falls back, we will continue to see a rebound.
Gold's lower support is around 2730, and its upper resistance is around 2748, 2755, and 2762/2771.
Short term analysis of Ethereum chartIn the 4-hour time frame, the green box is marked, which can be a suitable range for buying, around the price of $2,300 to $2,350. This analysis is suitable for those who trade in the short term, by the way, this is an analysis and no one from the future. 100% no news.
I suggest you follow me to find the right places to buy
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The price of gold currently fluctuates mainly in a rangeThe overall operating rhythm of gold is range-bound. It fell for two consecutive trading days last week. Although there was a retracement today, it continued to support the low of 2732.
The bottom of gold continues to rely on the position near 2730, which has been supported many times in the early stage. The resistance above focuses on the 2745, 2755 and 2760 first-line suppression. If it encounters resistance, it will lighten up its positions and continue to see range fluctuations.
Is the bullish rally over?Gold continues to show upside potential, maintaining a bullish trend. It is currently supported around the 2731 level and may test resistance at 2758, followed by 2790. If it breaks through these levels, it could aim for a new all-time high around 2880. However, a drop below the 2731 support level would bring attention to the next support levels at 2708 and then a stronger support at 2685. Some indicators hint that a pullback might follow after testing these higher levels, signaling a possible shift toward bearish momentum.
Will gold bottom out and rebound due to non-agricultural data?Gold began to fall sharply after hitting around 2390, but it did not continue to fall today, and continued to rise. The highest test during the day was 2757.60, which also continued the overall bullish trend momentum. Although it is not a very strong performance, it does not show a weak performance pattern after the gold price temporarily encountered resistance.
The lower support position of gold is near 2739, which is expected to bottom out and rebound, and the upper resistance level is 2771, 2782. In addition, data prices fluctuate greatly and quickly, so pay attention to risk control!
Gold will continue to reach higher levels!
Gold's current highest test is around 2757. The rising pattern of gold prices during the day broke through the upper track of the short-term convergence triangle pattern and transitioned from one range to another. Therefore, even after the correction, we continue to be bullish on gold.
The lower support for gold is near 2746, and the upper resistance is near 2760, 2768.
The golden convergence triangle oscillates upwards!Today's trend did not continue the strong rhythm of last Friday. Although the lowest test of gold was around 2724.60, the rapid rebound showed that there was some support below. The overall low point of gold's fluctuation was moving upward.
Gold's lower support is near 2728, and its upper resistance is near 2745 and 2749.
Gold can still go long at low levelsGold is still in a bullish trend at the daily level, and the K-line has always stood firm on the support line. Even if it falls back, the strength is limited. Gold support is near 2714 and pressure is near 2739
US30 Analysis in Elliott Waves - Anticipated Correction ScenarioUS30 Analysis in Elliott Waves - Anticipated Correction Scenario :
Fibonacci extensions. This level often signals a potential reversal point, suggesting that a significant correction may be approaching in the short term.
We anticipate a possible correction towards Fibonacci levels, around 23% to 38% of the third wave. The end of this third wave has also formed an ending diagonal, reinforcing the likelihood of a pause or reversal in the trend.
Awaited Confirmation Signals
To confirm the potential for a correction, several technical signals are in place:
Divergences on MACD and RSI: A bearish divergence is present on these indicators, indicating a weakening of bullish momentum and increasing the likelihood of a trend reversal.
Break of the Trend Line: Although the market is still in an uptrend, the break of this trend line would provide final confirmation of the end of the third wave and the start of a deeper correction. Monitoring this break is crucial before entering short positions.
Price Action: On the weekly chart, a Bearish Engulfing pattern has already been observed, further supporting potential sell signals.
Price Targets
First Target (TP1): 38,418, a key support zone expected to serve as the initial correction target.
Second Target (TP2): After a minor bullish correction, we could aim for the 33,735 area as the final target of this downward phase.
After this anticipated correction, we’ll reassess the market to look for new buying opportunities if the bullish trend resumes.
XAUUSD: Head And Shoulders, Continue To SellYesterday, after experiencing a rebound, gold faced resistance again and pulled back, which is largely in line with our expectations, allowing everyone to achieve good profits. Currently, the short-term trend remains downward. As I mentioned yesterday, we are primarily watching the key support zone between 2718 and 2712.
Today, gold touched this support area again and rebounded, but it did not break through the resistance of the downward trend. Therefore, our trading strategy continues to focus on selling.
At the same time, we should closely monitor the performance of the support zone. If this support is effectively breached, I believe the subsequent decline could be significant, and breaking below 2700 is likely, with an expectation to reach below 2690.
This encapsulates my main trading thoughts for the near future.
Gold Trading Strategy: Continued Selling and Rebound ObservationAfter the rebound, gold has dropped again, now breaking below MA60, with short-term moving averages acting as resistance. I believe it’s prudent to continue selling today, with signals already shared at the market open—our regulars have already enjoyed some profits.
With the current rebound, I recommend using MA60 and MA30 as reference prices for selling, targeting around 2712. We can then assess the market reaction before deciding whether to buy back in.
Gold has rebounded and stabilized. Can it continue to rise?The gold price did not fall rapidly after reaching the hourly peak of 2738, indicating that there is no resistance above and there is still an expectation of continued rise.
The lower support for gold is near 2732, and the upper resistance is near 2750 and 2756.
Gold Trading Strategy: Focus on Selling TodayYesterday, we bought and made some profits, and today we’ll primarily focus on selling.
The trading signal I released before the market opened suggests selling in the 2746-2752 range, with a TP set at 2738-2734. Some friends may have already traded based on the signal they received earlier; you can still join in.
Gold is currently within the selling range, and if you’re looking to place this order, now could be an even better position.
I will continue to monitor market trends, and any changes in trading will be communicated promptly. Stay tuned, and feel free to leave me a message if you have any questions.
Gold trades sideways to resist the fallJudging from the recent retracement rhythm of gold, the retracement will not last long, and the retracement space will not be too large. It just increased the shock, but the overall trend is bullish.
Gold support is around 2729, with upper resistance around 2746 and 2757.
GOLD: Sell@2728-2734We closed our short position at a very opportune time. After taking profit at 2714, gold surged again, showing a strong bullish trend. Given this momentum, the market is likely to test 2730 after the next week’s opening. Therefore, I plan to hold my long position over the weekend, with my TP set at 2725. Once the price reaches the 2728-2736 range, I will consider selling again.
The golden high will continue to be refreshed!Gold’s rally is not over yet, and highs will continue to be refreshed!
Due to the strong market trend of gold, there are not too many corrections and adjustments, and the strong rhythm during the day is expected to continue to release the upper space today, so sideways or declines are opportunities to go long. The lower support for gold is around 2702. Even if there is a slight decline, gold continues to be bullish, with the upper resistance near 2722 and 2730.
XAUUSD: Continue to be bullish, buy during pullback, target 2700Yesterday, our strategy was to wait for a pullback to the support range before buying. The direction and prediction were very accurate. The gold price pulled back from the initial 2680, the lowest was 2666, and then rose again to the historical high of 2685. Unfortunately, the lowest point of the pullback only reached 2666, which was only 1-2$ away from our buying range of 2665-2660. Therefore, I did not trade yesterday and missed a wave of nearly 20$ of rising profits.
Now the gold price is still around 2680, and my view is still bullish, with a target of 2700.
But there is indeed a risk of pullback if you chase the rise now. After all, the historical high of 2685 has failed to break twice, and you are not sure whether it will appear for the third time.
Therefore, my trading strategy today is still to wait for the pullback to the support range before considering buying.
Depending on the situation, the buying range can be adjusted flexibly.
Gold shorts are not over yet, watch out for accelerated declinesThe September NFP data is good news for the market, giving the market more reasons to prepare for the latest inflation data.
Last week's heavyweight employment report puts more pressure on this week's CPI data. If the data unexpectedly rises sharply, it is likely to cause market turmoil.
After the blowout employment report last Friday, the importance of this week's CPI has been significantly provided.
We have noticed that the US dollar has continued to maintain its upward momentum recently. It is likely to continue its upward trend before the release of CPI data. If there is a correction, it can only be after CPI. Therefore, the rise of the US dollar will bring continued suppression to gold.
It can be seen from the figure that the gold price has repeatedly tested the low point of 2630 during the decline. I think 2630 is not a short-term bottom. It will fall below in the next two days. Once it falls below, you can see the support of the lower moving average near 2615.
In addition, 2648 is the 0.382 position of the Fibonacci retracement. The pressure effect here has been verified many times before, so friends who are short can choose to sell here.
My personal short position is currently in a state of substantial profit, but I will not close the position for the time being. I will continue to hold and expand the profit.
Technical analysis of Bitcoin. D1 21.09.2024Technical analysis of Bitcoin
On bitcoin, I have said many times on webinars that when the Fed rate is cut, the priority will be up for an overhigh. Now on the daily chart, the price has made a segment overlap upwards and formed a buyers zone. The correction may go to 57k-60k and then up to test highs near 70k. I do not expect a major fall on the background of the rate cut.
