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Gold fell back after rising Gold has shown a strong upward trend recently, and the price continues to fluctuate under the support of the rising trend line. First, the price of gold has broken through several important price levels, and the current price is around $2,750. The current trend retracement level gives several possible support and resistance points. The price has pulled back after breaking through $2,723, but it still remains near the rising trend line, showing that the bulls are still in the lead. If the price continues to pull back, it may look for support in the $2,741 to $2,723 range. If gold breaks through the current upper resistance range of $2,763, it may continue to look for new price targets upward, close to the high of $2,785. Therefore, the current strategy should focus on whether the price can be maintained near the rising trend line, and pay attention to the price action in the important support and resistance range. Overall, gold still has the potential to rise in the short term, but it needs to be vigilant to see whether the key support level can support the price rebound and whether it can break through the resistance level. Long order strategy: Entry area: If the gold price falls back to the range of 2740-2746 US dollars, you can consider placing long orders. Upper target: Pay attention to the upward targets of gold prices at 2760, 2772, and 2785 US dollars. Stop loss setting: The stop loss is recommended to be set at 2730 US dollars to prevent the price from falling below the key support level. Short order strategy: Entry area: If the gold price encounters resistance and adjustment in the range of 2762-2766 US dollars, you can consider placing short orders. Stop loss setting: The stop loss is recommended to be set at 2785 US dollars to avoid the price breaking through the resistance level. Downward target: The downward target of the short order is 2750 and 2740 US dollars. Summary: Under the condition that gold does not break the support of 2740 US dollars, it is still mainly based on the callback low long. The layout of the short order needs to wait for the price to encounter resistance and adjust at a high level. The above strategy is based on the current technical analysis. When operating, you still need to pay attention to market fluctuations and price changes, and flexibly adjust the stop loss and target.
FOREXCOM:XAUUSDLong
by RonPeter_Trading
TrueFi (TRU)Comprehensive Analysis of TRU/USDT Overview TrueFi (TRU) is an innovative project in the decentralized lending space (DeFi Lending) that enables collateral-free lending. The TRU coin is among the low-market-cap cryptocurrencies, and due to its low liquidity and high volatility 🚨, it falls into the category of high-risk trades. For investing or trading this coin, risk management and attention to trading volume are essential. Current Market Situation Downtrend Channel: 📉 TRU’s price is currently in a downtrend channel and is heading towards the bottom of the channel. Weekly Support Zone: The range (0.0605 - 0.0662) acts as a key support level. Although there is a possibility of a drop below this range, a quick rebound (Fake Breakout) from this zone could signal a safe entry. 💡 Trading Volume: 📊 If the volume increases when the price bounces from the channel’s bottom, the likelihood of price rising to the top of the channel strengthens. Traders should pay close attention to volume near the support range. RSI: 📈 RSI Support Zone: The range (41.24 - 44.19) could prevent further decline. A breakdown of this zone could lead to a deeper drop. Breaking the 50 RSI Zone: A move above this level could indicate a strong upward move, providing a good entry opportunity. 🚀 Upcoming Scenarios Bullish Scenario: 🌟 Bounce from the Bottom of the Downtrend Channel: If the price stabilizes in the support range (0.0605 - 0.0662) and trading volume increases, an upward move to the top of the channel becomes likely. Breakout of the Downtrend Channel’s Top: If the top of the downtrend channel is broken, the price could reach the target range (0.2258 - 0.2702). Given TRU's low market cap, heavy liquidity inflow could push the price beyond this target. 📌 Bearish Scenario: ⚠️ Loss of Weekly Support: If the range (0.0605 - 0.0662) is lost, the next support is at 0.0400. Traders should set appropriate stop-loss orders to mitigate risk. 🛑 Weakness in RSI: A breakdown of the support zone (41.24 - 44.19) in the RSI could signal a continuation of the downtrend. 🔻 Range-Bound Scenario: ⏸️ If the price remains within the weekly support zone and trading volume decreases, a short-term range-bound movement may develop. 🔄 Stop-Loss: For long trades, set the stop-loss below the 0.0600 range. ❌ Trade Volume: Given the high risk, it is recommended to allocate only a small percentage of capital to this trade. 💰 Summary TRU, considering its technical setup and position in the downtrend channel, can present promising trading opportunities. However, due to its low market cap and high volatility, risk management is crucial. ⚡ Recommendation: Always review fundamental factors and project-related news before making any decisions. 📰 ⚖️ Warning: This analysis is purely technical and should not be considered financial or investment advice. Always do your own research and practice risk management. Good luck! 🚀
by alizeynali69
EURGBP - following the trend (down)Well, this one says it all. Why complicate things when the market is saying it is simple? To me, this one seems clear (now, at this time, today! No crystal balls here). - Downward channel with good top nd medium levels, missing well defined two separated price points for a clear support line. - Clear and strong reaction to resistance last week. - Price consolidated for quite a number of hours and seems to be breaking out in the 1H chart. Potential move to 0.823 deserves an 8 on my EP scale. NB: my EB scale is just a personal 1 to 10 conviction rate of my edge in each trade
Short
by Taguspt
"BTC/USD Double Top Breakdown: Targeting Key Support at 92,000"This chart for BTC/USD highlights the following key points: 1. **Double Top Formation**: - A clear double top pattern is visible around the 108,000 resistance zone. - This is a bearish reversal signal, indicating a potential move downward. 2. **Break of Trendline Support**: - The price has broken below the ascending trendline, further confirming bearish momentum. 3. **Price Targets**: - The next major support zone appears to be around 92,000–88,000, which aligns with the highlighted horizontal demand area. 4. **Bearish Volume Profile**: - Significant selling volume is noted after the rejection from the resistance zone, reinforcing the downside bias. Summary: BTC/USD is showing strong bearish signals after failing at the 108,000 resistance and forming a double top. The break of the trendline suggests a continuation to the downside, with a target around 92,000–88,000. Traders should watch for retests of the broken support or confirmation of further downside momentum.
BITSTAMP:BTCUSDShort
by TRADE_CENTER_1
Accumulate Near Protocol from $1-$3I should have stuck with my alt reset sentiment, because it was correct. I think that BTC will complete a correction to the mid 70Ks. This last run-up on Near and most other alts was a bearish run up. It appears that the bearish divergence all up and down Bitcoin's timeframes is actually going to play out. I think that Near resets its self may almost all the way down to $1.00. That would form a big inverse head and shoulders pattern if it does. That's all that I have for now.
by LoneWolf1425
Nifty outlook for coming days...Nifty has been in correction mode since 27th Sep 2024. The correction did complete 61.8% as shown in fib level. For any correction 61.8% is very important level if it breaks then only we will see more correction going forward. Nifty has been around the level for couple of days and holding it. We can also see the correction channel and the triangular formation of last wave of wave c. Nifty will be looking forward to change the trend anytime sooner and the confirmation of this will start once it breaks above support zone. Initial target will be the high of wave B. Stay safe and trade safe. Note: View shared for educational purpose only.
NSE:NIFTYLong
by The_Trader14
1
4-Hour Counter Pullback and Continuation from Demand ZoneThe market is currently in a strong trend, and I am anticipating a counter pullback on the 4-hour timeframe. This pullback is expected to be temporary before the market continues in the direction of the primary trend. The area of interest is near a key demand zone, which has historically shown the potential for price to reverse and resume its movement. I will be monitoring the price action closely around this demand zone for confirmation of the pullback and subsequent continuation. A successful retest and rejection of the demand zone would provide a strong signal to enter a position in the direction of the prevailing trend.
Long
by fxtrends28