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Cupandhandlepattern

Gold price today and prediction of upcoming trendsHello everyone! Today, we witness the continuing downtrend of gold prices, currently hovering around the 2023 USD mark. It's a decline of 5 USD for the day and over 30 USD since the beginning of the week. This decline is primarily attributed to recent positive news about the USD, which has shaken the confidence of traders, leading to selling gold to secure profits. Looking at the technical analysis charts, gold seems to be forming a 'cup and handle' pattern, reinforced by a bearish signal from the reversing EMA 34. If gold breaks through the critical support level at 2015 USD, we might see a more significant drop, aiming next at the buyers' defense zone around 1982 USD. What do you think about the future of gold prices? Do you expect it to rise or continue its current downward trajectory? Share your thoughts!
OANDA:XAUUSD
by Karina_Bella
Small MC crypto BTC2.0 Swing Trade $BTC2Potential opportunity for a nice swing trade at approximately $0.65. The stock seems to be forming a Cup and Handle pattern, which is a classic technical analysis formation. In a Cup and Handle, the price chart resembles the shape of a tea cup with a handle. It's considered a bullish continuation pattern, suggesting that after a previous uptrend, there might be a consolidation (the 'cup') followed by a smaller pullback (the 'handle') before another potential upward movement. This pattern often indicates a period of accumulation and can be a signal for a potential bullish trend. Keep an eye on the developments, and if everything aligns, it could be a great chance for a profitable short-term trade. Enjoy exploring the possibilities in the market, and happy trading, lads!
Long
by TraderWU
1
ETHBTC - The Final Support and The Final CallBitcoin has been very dominant and managed to push ETH all the way to the final support line. This is a 4 years old diagonal support which crosses with a 6 years old horizontal support line. Please tell me if I am wrong, I see a three patterns when zoomed out; First is a massive rising double bottom, Second is a massive cup and handle, Third is a massive inverse head and shoulders. All indicators seems to have bottomed out as well. And on the other hand, Ethereum network is very active, wallet count is increasing, burning mechanism is working well; in the last 30 days -39,767.33 ETH were burned. It is simply deflationary. My observation causes my instincts to tell me that this is the final call before the big flippening narrative starts to be spreading again. I know BTC is the key player in crypto, but I dont see ETH getting crashed any further againts it. Do you see any bearish patterns or signals? Please let me know in the comments if you agree or disagree with me.
Long
by TheAlchemist888
3
Where will gold prices go?Hello everyone, do you think gold will continue to fall? Today the gold price continues to decline and the price is trading around 2030 USD. On our chart analysis: Gold forms an inverted cup and handle pattern. Current support level is 2017 USD. Accordingly, the 10-year US bond interest rate has surpassed 4%/year. This factor has pushed investors to put capital into bonds, meaning very little money flows into precious metals. Today's gold price continues its downward trend, which is inevitable. In fact, during last night's trading session, the world gold price sometimes reached 2,040 USD/ounce. However, when the USD appreciates and US bond interest rates go up, many people fear that gold prices will go down. Since then, they have tried to sell to recover capital, causing gold prices to decrease and make it difficult to recover.
OANDA:XAUUSD
by Karina_Bella
1
The Reliable "Reliance Twins" - MultibaggersYou can see the Monthly charts of "Reliance Power" compared against "Reliance Infra". I am not calling them "Twins" just because its from same "Reliance Group" But I was flabbergasted to see the Exact Chart Structure - from Similar Timelines. Channel Breakdown - Recovery - Trading inside the Channel and now finally Breakout of Multiyear channel. Amazing Duo - Xerox copy of each other and both forming Multi-bagger Bullish Structures now... Reliance Power Targets - 37, 45 Reliance Infra Targets - 300, 360, 450 Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:RELINFRALong
by Stocks-n-Trends
1
Hindustan Copper - Is it Really Copper or is it Gold ???For the past couple of Weeks - Gold is falling in the International Market. We all know that Commercial 22k Gold needs Copper to make it stronger, but here we are seeing Copper Turning Gold by itself... Hindustan Copper is all set to rewrite history... Technical Analysis: Weekly: Beautiful Cup & Handle BO completed on Weekly with targets of 320, 370 Monthly: On Monthly scale though - the match is yet to begin. Once 320 is reached, at a monthly level it would trigger a huge Rounding Bottom Pattern with a much larger target of 615 Another multi-bagger stock. With the BO of Nifty Metal Index - many metal stocks are taking cue and joining the rally. Make Hay While the Sun Shines....Make Money when the Metals are Hot :) Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:HINDCOPPERLong
by Stocks-n-Trends