Get started

Buy-signal

Gold Trading Strategy Here’s a quick summary based on the chart: Current Trend: The price of gold is in a strong uptrend, indicated by the upward arrow and the parabolic curve that suggests continued bullish momentum. Support Zones: There are three key support zones highlighted in light blue: Around $2,626.60 Around $2,600.00 Around $2,521.33 These zones act as potential areas where buyers could step in if there is a retracement in price. Moving Averages: The chart shows two moving averages that are trending upward, further confirming the bullish sentiment in the market. Price Action: The price is currently above the nearest support level, indicating that there is room for further upward movement. Trading Strategy: The chart suggests a continuation of the bullish trend, with potential pullbacks to the support zones being good opportunities for traders to consider long positions. The overall outlook remains positive, with a likely target above $2,800. This visual guide provides a clear indication that gold traders should remain attentive to the support zones and the strong upward momentum for further potential gains.
OANDA:XAUUSDLong
by Pierce_Bowers
Gold Price AnalysisGold prices today continue their strong upward momentum, with bullish signals showing no sign of slowing down. The metal is currently hovering around $2,728, marking an increase of over 70 pips since the start of the trading session. The primary reasons driving this sharp rise in gold prices stem from global gold surpassing the $2,700 per ounce mark last weekend. This surge has been fueled by escalating tensions in the Middle East, the upcoming U.S. presidential election, and expectations of further monetary policy easing. These factors have ignited the gold market, with many expecting prices to climb even higher in the near future. Forecast-wise: A recent Kitco News survey reveals a widespread sense of optimism about gold's upward prospects. The majority of experts (94%) predict further price increases, while only one analyst (6%) sees no significant changes. Similarly, a large portion of retail traders (72%) also believe that gold will continue to rise, compared to a smaller group (17%) expecting a price decline. On the technical analysis side: This uptrend follows the principles of Dow Theory, and from a Fibonacci perspective, the rally is targeting the first take-profit level at 1.618, which aligns with the $2,925 region. What do you think? Where do you see gold heading in the coming days?
OANDA:XAUUSDLong
by Pierce_Bowers
"SOLUSDT Breaks Trendline, Targets $158"Based on the SOLUSDT chart, the price has broken above the descending trendline, signaling a potential bullish move. The price is currently testing the support zone around $152, with possible targets at $155.95 and $158.54. Buy Strategy: Entry: Consider buying around $152 - $153. Take Profit: First target at $155.95, second target at $158.54. Stop Loss: Below $149.66 to limit downside risk. News factors such as improving market sentiment towards cryptocurrencies could further support this upward trend. Keep an eye on key economic data and market developments for confirmation.
Long
by Suyouu
1
XRPUSDT : SELL ? The chart for XRP/USDT shows that the price recently tested a strong resistance zone around $0.55 to $0.64 but failed to break above it, resulting in a pullback. Currently, the price is trading near $0.5375, hovering just above a key support level. A breakdown from this level could see the price declining towards the $0.43 zone, as indicated by the downward projection. This would represent a bearish move following the failure to sustain gains above the trendline and resistance zone. Conversely, if the price manages to bounce back from the support region, it could attempt another rally to retest the resistance, but further upside momentum would depend on breaking through this critical level. Traders should keep an eye on these key zones: $0.4338 as support and $0.5574-$0.5580 as resistance, to gauge potential moves in the near future.
by Suyouu
4
What changes in gold price today ?Gold is currently trading around $2,649 USD, showing little movement compared to the same time during yesterday’s session. Looking ahead, there’s a possibility that gold could drop to the $2,600 USD/ounce level. However, the safe-haven demand, fueled by concerns over geopolitical tensions in the Middle East, is likely to help gold regain its strength quickly. In the short term, gold may continue its consolidation phase, much like the past few weeks, as it navigates between Middle Eastern conflict and the Federal Reserve’s monetary easing policies. On a more optimistic note, while the surge of the USD and strong economic data could have pushed gold lower, the recent decline has been relatively shallow. This suggests that the buying interest in gold is far from over.
OANDA:XAUUSDLong
by Pierce_Bowers
Ethereum Eyes Breakout Above Key Resistance In this 1-hour ETH/USDT chart, Ethereum shows strong upward momentum, highlighted by the large blue arrow. Key Points: Clear Uptrend: Ethereum has been moving in a steady uptrend, reflected in the price action staying above the moving averages. This signals that buyers are still in control, with higher highs and higher lows forming consistently. Support Area: The green zone, around $2,590 to $2,600, acts as a solid support level. Price may pull back here before finding enough buying interest to push higher again. Resistance Zone: The red area, between $2,670 and $2,690, is a key resistance where the price has previously struggled to break through. If Ethereum tests this level again, it could be a critical turning point. Potential Move: The chart hints at a possible dip back to the support zone, followed by a bounce towards resistance. If the price breaks above the $2,690 mark, it could rally further, with a target potentially around $2,748.
by Suyouu
ETHUSDT : Bullish factors in playETH/USDT is currently trading around 2,604.19 USD, following a strong upward movement that encountered resistance near 2,654.79 USD. In the coming sessions, a pullback towards the support zone between 2,546.43 USD and 2,572.00 USD is highly possible. This area is reinforced by the 0.5 and 0.618 Fibonacci retracement levels, which typically serve as critical support in a continued uptrend. If the price retraces to this zone, it could provide a strategic buying opportunity. In the short term, I'm expecting some consolidation or a mild retracement before another potential breakout attempt above the 2,654.79 USD level. A successful break would likely push the price towards the next target of 2,725.00 USD, possibly reaching higher levels beyond that. However, a failure to maintain support at 2,546.43 USD could suggest a deeper correction. Until that happens, the bullish momentum appears intact, and the support zone could serve as a solid foundation for the next rally.
by Suyouu
Waiting for a Buy Opportunity at SOL Support ZoneSOL/USDT is currently trading around 156.19 USD, and I’m keeping a close eye on its price action. After a solid bounce from the key support level at 151.46 USD, I expect it might consolidate for a while between the resistance at 159.52 USD and the support around 153.12 USD. If the price pulls back to the 151.46-153.12 USD zone, I see that as a strong buying opportunity, especially since it lines up with the 0.618 Fibonacci retracement level. This level often acts as a significant support in uptrends. In the short term, I’m anticipating some sideways movement before we get a potential breakout above 159.52 USD. If that happens, my target would be the next key level at 167.13 USD, which aligns with the 1.618 Fibonacci extension. While there’s always the possibility of a pullback, the way the price has been moving lately makes me believe that the buyers are still in control. I’ll be watching the support zone closely for any signs of further bullish action.
Long
by Suyouu
Bitcoin forms bullish pattern. Currently, BTC/USDT is forming an ascending triangle pattern on the daily chart, with key resistance around the $67,000 level and rising support near $63,000. This structure often signals a potential bullish breakout. Trading Strategy: Upside Potential: If BTC breaks above the $67,000 resistance level with strong volume, it could signal the start of a new upward trend. Traders may consider entering a long position once the price surpasses $67,000, with a target of $72,000 and potentially $75,000. Stop-Loss: Set a stop-loss just below $65,000 to manage downside risk in case of a false breakout. The ascending triangle pattern suggests that bullish momentum is building, and the market may soon witness a breakout in the coming days.
by Suyouu
SOLUSDT : How to trade ?The chart for SOL/USDT presents a bullish harmonic pattern (likely a Gartley or Butterfly), with the price currently sitting around $152.22 after a recent upward move. The "D" point, which forms the completion of the harmonic pattern, suggests that the price could be setting up for a potential reversal or continuation to the upside, targeting the key resistance level at $159.46. The green zone around $145.00 serves as a critical support level where buyers have previously stepped in. A breakout above the $159.46 resistance could signal a strong bullish continuation. However, if the price fails to break this level and reverses, it could retest the support zone. Traders should monitor this zone closely for any breakouts or reversals in the short term.
by Suyouu
Update the latest ETHSDT today. The Ethereum (ETH/USDT) chart presented shows a descending channel pattern with clear lower highs and lower lows. The price is currently sitting around $2,544, but it recently tested the upper boundary of the channel near $2,660. The rejection at this level, coupled with the downward trajectory, suggests potential bearish momentum. The chart indicates that if Ethereum fails to break above this resistance, it could move lower toward the lower boundary of the channel, targeting a level near $2,200. The moving averages (likely EMA) further support the downward trend as they are sloping downward, suggesting that selling pressure may continue in the short term. Key levels to watch are the resistance at $2,660 and potential support near $2,270. A break below the current support could push Ethereum toward the lower end of the trend channel.
by Suyouu
Gold price today.Gold extended its rally on Friday as U.S. inflation data further strengthened expectations for an interest rate cut later this year. At the same time, safe-haven demand surged amid growing concerns over geopolitical tensions in the Middle East, providing an additional boost to bullion prices. A report released during the day showed U.S. producer prices remained unchanged in September, signaling a favorable inflation outlook and reinforcing hopes that the Federal Reserve will lower rates next month. In this context, the PPI figures appear to favor the bulls in the precious metals market, suggesting that the Fed is still on track to proceed with its anticipated rate cut.
OANDA:XAUUSD
by Pierce_Bowers
Bitcoin Consolidates in Sideways Range. The chart illustrates a sideways movement, with Bitcoin’s price fluctuating within a range defined by the upper and lower bands of the Bollinger Bands. The support and resistance levels are clearly marked around $58,933.82 and $66,186.62, respectively. The price action is constrained between these limits, indicating a lack of momentum and a consolidation phase. The EMA 34 and 89 are showing weak activity, reflecting the indecisiveness in the market, with no clear signs of a breakout either upwards or downwards. Until the EMAs show a stronger trend signal, the market is likely to remain in this sideways range. In conclusion, the market is in a consolidation phase, and traders should wait for a breakout from the Bollinger Bands for a clearer direction.
by Suyouu
ETHUSDT : SELL or BUY ? The ETH/USDT chart reveals a clear long-term downtrend, with prices steadily moving within a descending channel. Here's a more detailed analysis and a trading strategy based on the current market setup: Analysis: Downtrend: Ethereum has been consistently forming lower highs and lower lows, indicating a strong bearish momentum. Key Resistance: The price is approaching a crucial resistance level around 2,670 USDT, marked by the upper boundary of the descending channel. This area is likely to act as a significant barrier. Projection: Given the overall bearish structure, it’s highly probable that the price will meet resistance at this level and resume its downward trajectory towards the lower boundary of the channel. Trading Strategy: Entry: Consider entering a short position as the price nears the resistance at 2,670 USDT. This area presents a strong opportunity to capitalize on the continuation of the bearish trend. Take Profit: Target profit levels around 2,300 USDT, or potentially lower, towards 2,100 USDT, where the channel's support lies. Stop Loss: A tight stop loss should be placed just above the resistance zone, around 2,700 USDT, in case the price unexpectedly breaks out to the upside. Final Thoughts: The market sentiment remains bearish for Ethereum, and this setup offers a compelling opportunity to ride the downtrend. As always, caution is key, but the technical signals here suggest that the bears are still in control, and this resistance could be a prime entry point for those looking to short ETH
by Suyouu
ETHUSDT and long term profit strategy. Technical Overview: Ascending Trendline Support: The chart shows a long-term upward trendline, suggesting a steady support level around the $2,000 - $2,200 area. This trendline has historically provided strong support for price rebounds. Symmetrical Triangle Formation: ETHUSDT is currently consolidating within a symmetrical triangle pattern (highlighted in red), indicating indecision in the market. This pattern often leads to a breakout, with a likely strong price movement in either direction. Potential Breakout: The breakout point appears to be nearing, with price action expected to either bounce from the lower trendline or break through the triangle’s upper boundary. A breakout above $2,532 could lead to a strong upward move toward the next key resistance around $2,817. Bullish Scenario: If ETH breaks out to the upside, the next major target would be the $3,000+ region, indicated by the blue upward arrow. The current consolidation may be a period of accumulation before a bullish move. Bearish Scenario: If the price breaks down from the triangle and the trendline, ETH could revisit the support around $2,000 or lower, but this scenario appears less likely based on current momentum. Conclusion: Ethereum is at a critical juncture, with the symmetrical triangle and long-term trendline suggesting a breakout is imminent. Traders should watch closely for a breakout signal, with a preference for the upside targeting the $3,000 level.
by Suyouu
Latest SOLUSDT update todayAs the SOLUSDT pair continues its movement within a well-defined descending triangle pattern, traders are closely watching the price action unfold on the 4-hour chart. This bearish continuation pattern is gaining attention as the price forms a series of lower highs, with a consistent support level provided by an ascending trendline. Key Resistance Zone Holds Firm SOL’s price is currently trading near a key resistance zone, ranging from 142.54 to 144.48 USDT, which has acted as a barrier to upward momentum on multiple occasions. Despite attempts to break through, the market appears to be respecting this zone, further increasing the likelihood of continued downside pressure. Bearish Outlook Strengthening The descending triangle pattern typically signals a potential breakdown, especially as the price continues to be compressed within the narrowing range. If the price fails to push past the upper boundary of the triangle and encounters rejection within the resistance zone, it could lead to a strong bearish move. A decisive break below the 137 USDT level, marking the lower boundary of the triangle, would confirm the breakdown. Should this occur, SOLUSDT may target the next major support level around 130 USDT, as the bearish sentiment dominates short-term market dynamics.
Short
by Suyouu
ETH Rejection at $2,461: Bearish Target $2,320?The Ethereum (ETH/USDT) chart on the 1-hour timeframe shows a significant price rejection from the $2,461 level, which is a key resistance zone. The price is currently hovering around $2,406, and the trend is favoring a bearish outlook. Here is a brief analysis and trading strategy: Key Levels: Resistance Zone: $2,461 - $2,460 (red zone) Support Levels: $2,357 (first target), $2,320 (secondary target) Analysis: The price is facing strong resistance from the $2,461 level, with multiple rejections indicating the dominance of sellers. The short-term moving averages are aligning with the bearish trend, and the price is struggling to break back into the resistance zone. The next probable move, as shown by the red arrows, is a bearish continuation towards the first support level at $2,357, with a further possible drop to $2,320 if the selling pressure continues. Trading Strategy: Short Position: Consider shorting near the $2,414 - $2,461 resistance zone if the price fails to break above it. Target $2,357 initially, and if the bearish momentum continues, aim for $2,320. Stop Loss: Place a stop just above the $2,461 level to limit risk. This setup favors bearish traders, but monitor the price action closely near the support levels for any signs of reversal.
by Suyouu
BTC at a Crossroad: Bounce or Drop to $57,885?The BTC/USD 4-hour chart shows several key technical patterns that can guide a trading strategy: Resistance and Downtrend: There is a visible resistance zone around $62,441, marked by the red area and a descending trendline. The price has previously reacted at this level and rejected it, indicating that sellers are currently in control around this region. Any attempt to break above will face resistance, and short positions can be initiated near this level. Support Zones: The $57,885 level is a crucial support area. If the price falls below the current zone (around $60,800), we can expect it to test the $57,885 support. A break below this support would open up more downside potential, possibly triggering stronger sell-offs. Potential Rebound: The blue path shows a possible bounce from the $60,800 region, leading to a brief upside before hitting resistance again. However, unless BTC can decisively break above the $62,441 level, this upside is likely to be limited. Strategy: Short Position: Enter near $62,247 - $62,441, with a target towards $60,800 or lower. Tight stop loss just above the descending trendline. Long Position: Consider entering near the $57,885 support if the price holds, targeting a potential recovery back to $60,800.
BITSTAMP:BTCUSDShort
by Suyouu
Gold Price Today: Analysis and Strategy.The trading session on October 8th, 2024, witnessed a sharp correction in gold prices. As predicted in the previous analysis, there’s a high likelihood that today's session will mark the bottom of this correction. At this point, we will wait for a good entry point to hold a long-term position. Today's Trading Outlook: Primary Trend: Focus on SELL scalp (while considering BUY for long-term holds). Key Price Levels to Watch: SELL Zones: 2630 - 2635 and 2647 - 2652. BUY Zones: 2607 - 2612, 2595 - 2600, and 2580 - 2585. Wishing everyone successful and smooth trades!
OANDA:XAUUSD
by Pierce_Bowers