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Resistance above the next challenger for GOLDGold broke out of a recent uptrend to form a correction through positive US data and peace strategies in Gaza. Price now finds itself hovering around 1990 with a level of resistance above in the region of 1991-1993. Price on the 4hour has also pushed lower to push off the 50/55 moving averages, prompting a possible double top on the cards. BULLS PLAN: - Push through this key level of resistance above and kick off a role reversal (change of character) to test highs int he 2010 region - Watch for entries when this level is broken as currently price is too high currently to enter longs ad price moves into resistance. HIGH RISK BEARS PLAN: - Wait for price to reach the resistance level above around 1991-1993 and look for rejection candles - Lower time frame charts (1m/5m/15m) for price action entry (double tops/lower lows) - Targets medium to long term will be 1950 region
OANDA:XAUUSD
by Youza
XAUUSD: 1915 supports long, 1937 shortThe first plan: BUY1915~1910 Second plan: SELL1937 What happened over the weekend in Russia's domestic affairs is over and the impact on gold has passed. We can see that it opened higher today, but the range is not very large. From the perspective of space, the upward rebound is not strong enough. But speaking of technical aspects, there are indeed many bullish signals in four hours, but the strength is not enough, but the market is bullish. Heavy volume, but the gold price has not made a new breakthrough. Instead, it has chosen to fluctuate downward and fluctuate back and forth. It is inappropriate for me to go long above 1920, and it is naturally inappropriate to chase short. 1920 will become the point of long-short competition, and we will follow the trend to enter after one side wins. The best solution for us is to wait for it to fall back around 1915-1910 and do long, and set 6-7U SL according to our own different price points. The upper pressure level is at 1937, if you are given the opportunity, you can directly go short.
TVC:GOLD
by ActuaryJ
XAUUSD: Today's downtrend remains unchanged and continues to breThe 1-hour chart is subject to the suppression of the moving average system, and still maintains a good downward trend. In terms of operation, it is recommended to be bearish rather than chasing short, wait patiently for the rebound to short the band, short-term rebound 1924~1920, stop loss 1930, target 1908-1892. Gold fell 1% yesterday to hit a three-month low after Federal Reserve Chairman Jerome Powell testified before Congress. The prospect of more rate hikes from the U.S. central bank overwhelmed any support for gold from signs of weakness in the U.S. labor market. To be honest, the recent market is really difficult to operate. Last night’s review found that the U.S. dollar index and gold basically fell at the same time this month. This situation has happened before, but it cannot last for a long time. It depends on when the stalemate is broken. From a technical point of view, gold continued to fall the next day, and the daily line closed with a big negative line with upper and lower shadow lines, and the overall trend is still in the downward trend since the new high.
TVC:GOLDShort
by ActuaryJ
GJ - MONTHLY TIMEFRAME PROJECTION + ANALYSISPrice is now hovering in a Fib from the previous high on the Monthly TF. It has reacted to it and dipped but I'm not too sure how it is going to continue reacting for the time being. I only trade 1 or 2 pairs max at a time and GJ is one of them but i won't be entering until it breaks out indefinitely or shows me some kind of direction/bias. It can either respect market structure and continue to make a LH and continue bearish or it can remove all liquidity and continue bullish (Which makes more sense). It looks too pretty to be bearish - So I am favoring it to go bullish at some stage. Again - I'm not sure when but I have a couple areas that I'm waiting for it reach and give me confirmation at on the lower time frames (Haven't uploaded yet). And just like AJ It depends on the depth of the pullback and how much liquidity is sitting beneath price currently because its looking like the most cost-effective path for the banks to take price higher and remove all sellers. Disclaimer: This is how I personally draw my charts and it's the first time I have started posting them. So, if there's not many drawings or explanations it's because i don't write them all out or draw them all out for my own analysis. I like my charts to be quite clean so i put as little on them as possible. :)
Long
by Pmilanoxx_
Ren usdt limit short trade idea Greetings from Team : Trading The Tides. lets discuss a short sell opportunity on (REN/USDT) Target area for initiating short :0.11 DCA Limits : TP :0.09 SL : not yet .using hedge mode Hold Time : short Technical Chart Pattern: rising wedge Posible liquidity area : Exchange:binance Rules : We use big capital with less leverage . Max leverage : 3x Better take trades with 1x. We only post the exact setup we are following for the trades . But DYOR . Not a Financial Advice ! From Team : Trading The Tides Like , Share ,Follow Thanks a lot and see you soon on the next trade .
RShort
by xairuq
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