Chart Patterns
Gold end of DecGold remains under selling pressure, and I'm looking for a sell setup targeting the 2600–2606 region. Potential sell zones are at 24 and 30. Avoid going all-in at 24; instead, manage your risk carefully as the SL is set at 36. There are two levels available for entry here, so plan your positions accordingly.
#XAUUSDGold (XAU/USD) is currently trading at 2617, showcasing strength in the precious metals market. This price reflects heightened investor interest, possibly driven by geopolitical tensions, inflation concerns, or shifts in central bank policies. As a traditional safe-haven asset, gold often benefits during times of economic uncertainty or weakening fiat currencies.
A price level of 2617 suggests strong demand, with buyers possibly expecting further upside potential. Traders may also be watching key resistance and support levels closely, as well as macroeconomic indicators like U.S. dollar strength, bond yields, and global risk sentiment.
Gold’s performance at this level indicates its role as a hedge against inflation and a store of value in a volatile financial landscape. Future price movement will likely depend on central bank actions, especially the Federal Reserve, as well as any unexpected market shocks.
ETHUSDT.P BUllISH IDEASorry I haven't as posted as much, I have been back testing the crap out of my stragedy to sharpen the stragedy and my mindset. This move That i believe will happen is on a higher timeframe so this trade will be a longer one which is kind of scary because of holidays are coming so I'm not sure how price will react but anyways on the weekly we are bullish and this just looks like a retracement to me. On the daily we see a fair value gap that has been now filled and on the 4 hour we have now just created a fair value gap so this gives me conformation for that stragedy to enter. Let me know what you guys think?
[INTRADAY] #BANKNIFTY PE & CE Levels(24/12/2024)Today will be flat opening expected in index. After opening banknifty will be trade in between the consolidation zone of 51050-51450 level. Any major upside rally expected if banknifty starts trading and sustain above 51550 level. Downside only expected if banknifty gives breakdown of 50950 level.
Gold Spot (XAUUSD) 4H Chart AnalysisOur Preference
Double Top Formation
The 4-hour chart of Gold Spot (XAUUSD) shows a classic double top pattern, indicating a potential bearish reversal. The resistance at the double top is marked
clearly around the 2629 level.
Key Levels:
Double Top Resistance: 2629
Stop Loss (SL): Set slightly above the resistance at 2,662 to manage risk.
TP1: Around 2,617
TP2: Around 2,605
TP3: Around 2,583
The price breakdown below the neckline triggers short trade opportunities targeting TP1 through TP3. Monitor for any bullish attempts to regain momentum
that might challenge this setup. Always practice proper risk management while trading.
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
Though Still Bullish but ...Though Still Bullish but there is a
Bearish Divergence on Monthly as well
as Weekly Time Frame; so one should stay
Cautious.
To remain Bullsih, it should Cross & Sustain
1190 - 1193. & if this level is Sustained, we
may witness 1380 - 1400+.
On the flip side, if 1000 is broken, we may see
Trend Reversal.
12.23 Technical Analysis of Gold Short-term OperationsLast week, the gold market opened at 2650.3 at the beginning of the week, then rose slightly to 2664.7, then fluctuated and fell. The weekly line reached a low of 2582.6, then rose at the end of the trading day, and finally closed at 2622.8, and then the market closed in a hammer-like pattern with a long lower shadow. After this pattern ended, the weekly line was rubbed and consolidated. In terms of points, today's decline to 2610, stop loss at 2600, and the target is 2635 and 2640.
Yo ho ho and a #BottledUp $RUM (Post IPO Phase Base?) Is this break out real? Paytience Pays as noted with SMCI today...
I do like the "somewhat" inverse head n shoulder base, but its definitely not NEAR as clean as the CVNA Post IPO Phase Base seen here;
This can be a "sympathy" play ie; highly correlated movement, with $DJT...
I like this look with the hype currently building... Great things take time... Don't get chopped to bits before the real move/meat comes.
Just some post boring market day #Thots
EOS shall increase soonEOS is definetly creating a double bottom. Cause of The Divergence on MACD we can be sure of an Incoming Bearish movement. which crafts the next Bottom. afterward we can hope for the bullish movement happen( as much as the depth of a bottom) resistance zone is also shown on the Chart.
USDCAD BUY OR SELL BIASAs we can see price is clearly is a strong uptrend on USDCAD, price has formed a symmetrical triangle pattern which entells price to either go long or short. If is buy , price has to go above the supply zone and retest and long and for sell price has to go break the demand zone and retest then we short. No confirmation, no entry 🚫
EURUSD is steadily falling
EURUSD is currently in the downward channel, and the price trend is showing a steady and volatile downward trend. Previously, the price briefly went sideways after touching the lower track support of the downward channel, further expanding the price space below and forming a relatively clear head and shoulders top breakout structure. The formation of this structure further confirms the short-term downward trend.
From the short-term trend, EURUSD has rebounded to a certain extent after breaking down, but the upward momentum is limited. The key resistance levels above are around 1.046 and 1.052, while the support below focuses on 1.033 and 1.030. In terms of the overall trend, EURUSD continues the steady downward trend, indicating that the market short-selling force is still dominant.
Based on the analysis of the current trend and key points, it is recommended to focus on rebound shorting, strictly set stop losses, and pay attention to the breakout of key resistance and support to cope with potential market volatility risks.
BTCUSDT - where is supporting region? whats next??#BTCUSDT.. continues selling candles and now market just near to his current expected supporting region.
that is around 89000 to 90000
keep close that region because that region will decide market next move of 5 to 8k pips.
don't be lazy here.
good luck
trade wisely
BTCWe have an interesting situation with BTC.
Monthly candle on the BTC failed to close above the previous high which means it will now move towards the previous lows.
In order to confirm that idea, we have two levels which needs to be broken. If we stay above the previous low than we can head towards 100k or higher for retracement.
Secondly, there are multiple weekly FVG below which will provide strong support
What does this mean. In the next 3 months, we would stay in a range, even we break these levels than the trend would again reclaim its previous lows and head higher that would contribute to side ways movement and alts will fly.
XAU/USD Step-by-Step Trading Roadmap: A Dynamic Story
The market opens, and you’re armed with your tools: the 30-minute chart as your primary guide, with the 5-minute for precision entries, the 1-hour and 4-hour for context, and the daily for trend bias. The plan is to adapt as the story unfolds, responding dynamically to price movements, indicators, and market conditions.
Act 1: Opening Context and Initial Assessment
Morning Check (Pre-Market):
Daily Trend:
If uptrending, focus on long trades at pullbacks (VWAP lower deviation or Fibonacci retracements).
If downtrending, target short trades at resistance (VWAP upper deviation or Kumo rejection).
If consolidating, prepare for range-bound trades.
Key Levels:
Identify support ($2,618, $2,622) and resistance ($2,628, $2,635).
Volume and Momentum:
Note RVOL (Relative Volume) and RSI. Spikes signal active institutional participation.
Act 2: The Setup
The price approaches $2,624, a critical level. Now, the story splits into multiple paths:
Path 1: Normal Long Trade
Scenario: Price pulls back to $2,620 (VWAP lower deviation).
Action:
Entry: Long $2,620.
SL: $2,616 (ATR-based or below recent swing low).
TP1: $2,624 (VWAP median).
TP2: $2,628 (Fibonacci extension).
TP3: $2,635 (Daily resistance).
TSL: Once $2,624 is hit, trail SL to $2,622.
What-If Scenarios:
Price moves up and hits TP1: Scale out 50%, adjust TSL to $2,622.
Price reverses: Exit remaining at TSL ($2,622).
Price consolidates at $2,624: Monitor 5-minute chart for continuation signals (momentum candles, rising RSI).
Path 2: Momentum Trade
Scenario: Price breaks above $2,624 with strong momentum (RVOL > 1.5, bullish Ichimoku TK cross).
Action:
Entry: Buy Stop $2,626.
SL: $2,622.
TP1: $2,630.
TP2: $2,635.
TP3: $2,640 (Daily high).
TSL: Trail SL to $2,628 once $2,630 is breached.
What-If Scenarios:
Price hits TP1 and slows: Reduce 50% position size, adjust TSL to $2,628.
Price continues to TP2/TP3: Let TSL manage profit locking.
Price reverses below $2,628: Exit fully and reassess for a potential short.
Act 3: The Reaction
The market tests $2,628, the resistance level.
Path 3: Reversal Setup
Scenario: Price fails to break $2,628 and forms a Shooting Star (bearish reversal candlestick) with RSI divergence.
Action:
Entry: Short $2,628.
SL: $2,631.
TP1: $2,624.
TP2: $2,622.
TP3: $2,618 (VWAP lower deviation).
TSL: Trail SL to $2,624 after TP1 is hit.
What-If Scenarios:
Price reverses and breaks $2,628: Stop out and flip to a long trade.
Price moves to TP1 and stalls: Reduce position size, tighten TSL.
Price accelerates to TP2/TP3: Let trailing stop lock in profits.
Act 4: Scaling and Stalling
The market stalls near $2,624 during the London-NYC session overlap.
Path 4: Scaling In and Out
Scenario: Price consolidates at $2,624 with low RVOL but shows higher lows on the 5-minute chart.
Action:
Scale In:
Add positions if bullish signals emerge (e.g., higher lows, TK cross).
Monitor SL placement; keep it tight ($2,622).
Scale Out:
Take partial profits at $2,628, $2,630.
Let the remaining position ride to $2,635 if momentum continues.
What-If Scenarios:
Price breaks down below $2,622: Exit fully and reassess for short opportunities.
Momentum increases: Continue scaling out at Fibonacci levels.
Act 5: Breakouts and Volume Surges
The price approaches $2,635, a major resistance level.
Path 5: Volume Breakout
Scenario: Price surges above $2,635 with RVOL > 2.0.
Action:
Entry: Buy Stop $2,636.
SL: $2,631.
TP1: $2,640.
TP2: $2,645 (Fibonacci extension).
TP3: $2,650.
TSL: Move SL to $2,635 after $2,640 is breached.
What-If Scenarios:
Price fails at $2,640: Exit partially at TSL.
Price reverses sharply: Flip to short below $2,635.
Act 6: Ending Scenarios
Scenario 1: Market Consolidates
Action:
Stay sidelined if no clear signals align across Ichimoku, VWAP, and FVG.
Scenario 2: Price Collapses
Action:
Use mean reversion strategies:
Short breakdowns below $2,618.
Long at oversold conditions near $2,610 with tight SL.
Key Decision Points Summary
Level Action SL TP1 TP2 TP3 TSL Strategy
$2,618 Long (support pullback) $2,616 $2,622 $2,624 $2,628 Trail SL to $2,620 after TP1 is hit.
$2,624 Long (momentum breakout) $2,622 $2,628 $2,630 $2,635 Trail SL to $2,628 after TP1 is hit.
$2,628 Short (reversal setup) $2,631 $2,624 $2,622 $2,618 Trail SL to $2,624 after TP1 is hit.
$2,635 Long (volume breakout) $2,631 $2,640 $2,645 $2,650 Trail SL to $2,635 after TP1 is hit.
Conclusion
By following this dynamic roadmap, you’re prepared to react to XAU/USD price movements in real-time, with setups that adapt to market conditions, session-specific opportunities, and evolving momentum. Let the market tell its story—and respond with precision.