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Fibonacci

XAU/USD: Precision Buy & Sell StrategiesAlexGoldHunter FXOPEN:XAUUSD Technical Analysis and Strategy for Gold Spot (XAU/USD) on a 1-Hour Timeframe Chart Analysis Price Action and Trend: Current Price: $2,647.94 The chart shows a range-bound movement with resistance around $2,662.16 and support around $2,646.58. The price has been oscillating within the Bollinger Bands, indicating a period of consolidation. Technical Indicators: Bollinger Bands: The price is near the upper band, suggesting potential resistance. Fibonacci Retracement Levels: Key levels are marked at 0.786 ($2,670.22), 0.705 ($2,663.52), 0.618 ($2,656.33), 0.5 ($2,646.58), and 0.382 ($2,636.82). Volume: The volume bars at the bottom show increased trading activity, indicating strong market participation. Stochastic RSI: The Stochastic RSI is around 62.79, indicating neither overbought nor oversold conditions. MACD: The MACD line is slightly above the signal line, suggesting mild bullish momentum. RSI: The RSI is at 53.84, indicating neutral to slightly bullish conditions. Buy Strategy Confirmation: Entry Point: Consider buying if the price breaks above the resistance level of $2,662.16 with strong volume confirmation. Confirmation: Look for the RSI to move above 60 and the MACD to show a bullish crossover. Stop Loss: Place a stop loss below the support level of $2,646.58. Take Profit: Set a take profit target near the 0.786 Fibonacci level at $2,670.22 or higher. Sell Strategy Confirmation: Entry Point: Consider selling if the price breaks below the support level of $2,646.58 with strong volume confirmation. Confirmation: Look for the RSI to move below 40 and the MACD to show a bearish crossover. Stop Loss: Place a stop loss above the resistance level of $2,662.16. Take Profit: Set a take profit target near the 0.382 Fibonacci level at $2,636.82 or lower. Summary of Signals Buy Signal: Entry: On a breakout above $2,662.16 with bullish confirmations. Stop Loss: Below $2,646.58. Take Profit: At $2,670.22. Sell Signal: Entry: On a breakdown below $2,646.58 with bearish confirmations. Stop Loss: Above $2,662.16. Take Profit: At $2,636.82. This structured analysis and strategy should help you make informed trading decisions for Gold Spot (XAU/USD). If you have any further questions or need additional insights, feel free to ask! 😊
FXOPEN:XAUUSD
by Alexgoldhunter
$SPY December 5, 2024AMEX:SPY December 5, 2024 15 Minutes 60 Minutes Gaps not getting filled. Very strong uptrend. Being a moving average and Fib trader i do not have a setup for fresh entry or short. At the moment if any pull back 60o is the number to watch. It is 9 moving averages in day, and 38.2% retracement for the move 587.43 to 607.91. AMEX:SPY not even breaking 21 averages in 60 minutes since the move started from 587.43. HH HL pattern. No way to short. At the moment even if I short at 601 levels the target is only 598. So not much R:R. Need to continue the longs for 608-612 as initial target provided 601 is holding. I have no position.
AMEX:SPY
by RiderTrader
12
VanEck Retail ETF | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # VanEck Retail ETF - Double Formation * Resistance At 195.00 | Area Template Uptrend Bias | Subdivision 1 * Pattern Involvement | Neckline At 182.60 - Triple Formation * EMA 20 & 50 | Support Entry Bias | Subdivision 2 * 012345 | Angle 1)) * Wedge Structure | Pattern Alignment | 50% |Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:RTHLong
by TradePolitics
H_1 SCENARIOThe XAU/USD (Gold Spot against the US Dollar) is currently showing upward momentum, trading in a range of approximately $2,668 to $2,692 today. Recent technical indicators suggest bullish sentiment, with a positive daily movement reflecting potential further gains​ Analysis: Support Levels: Around $2,668, serving as a short-term floor. Resistance Levels: Near $2,692; a breakout above this could indicate stronger bullish momentum. Indicators: Moving averages and momentum indicators point to a continued uptrend if key levels are maintained. Prediction: In the short term, XAU/USD is expected to test resistance around $2,692 and possibly move toward $2,710 if buying pressure sustains. However, a failure to hold above $2,668 could lead to a retracement toward $2,650. Disclaimer: I am not a financial advisor. The information provided is for informational purposes only and should not be taken as financial advice. Would you like more detailed insights or a different timeframe?
OANDA:XAUUSDLong
by TREXTROFX
CHART BREAKDOWN EURUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential demand zone: low-risk buy zone spanning from 1.04745 to 1.04795, respectively, is highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 1.04745 and 1.04795 serving as a low-risk buy. Bullish Targets📈: 1.04950: Possible retracement area. 1.05000: Possible retracement area. 1.05100: Possible retracement area. 1.05250: Possible retracement area. 1.05125: Significant supply zone. 1.05430: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Long
by T4X_Trading
1
Silver Wave Analysis 4 December 2024 - Silver reversed from round support level 30.00 - Likely to rise to resistance level 32.00 Silver recently reversed up from the round support level 30.00, which has stopped all previous downward corrections from September. The support level 30.00 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the sharp upward impulse from August. Given the clear daily uptrend, Silver can be expected to rise further to the next resistance level 32.00, former top of the minor correction from the start of November.
FX_IDC:XAGUSDLong
by FxProGlobal
BNB/USDT 1D interval Hello everyone, let's look at the current BNB situation considering the one-day time frame. In this situation, we can see how the price moved dynamically and decisively upwards. Currently, we can see how the price has rebounded from the strong resistance level at $808, while the next important resistance level is $921, which may pose a very strong resistance to further movement towards $1,234. Now let's move on to the stop-loss in case the cryptocurrency market undergoes a correction. SL1 - $731, SL2 - $670, SL3 - $591, SL4 - $540
by cryptodailyuk
HMY - Falling Wedge ABCD Pattern HMY is formed a falling wedge from recent highs and currently making falling wedge with ABCD pattern. This means there is one more leg downwards to go. In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 6.13 and 5.43 because this coincides with: - a major support zone from Weekly timeframe at 5.90 (D) - Fibonacci retracement level of 0.618 is at 5.90 - gap fill is also at 5.90 (D) - a major support zone from Weekly timeframe at 5.43 Also, if we look at price range of first wedge pattern drop, it was $3.75 (from recent highs). With the formation of ABCD, the second wedge pattern price drop is also likely to be 3.75 from C point of ABCD pattern. This coincides with 6.13 price level.
NYSE:HMY
by I_M_Shoaib
Bitcoin will go DOWN by H&S Pattern!!!Bitcoin ( BINANCE:BTCUSDT )started to rise after every positive news over the past days, but then started to fall again . Did you see the negative news that did not come !? Bitcoin is moving in the Support zone($95,600-$93,200) and Descending channel . The rise and fall of Bitcoin over the past 5-6 days has managed to form an Head and Shoulders Pattern . (in terms of Classical Technical Analysis ). Since BTC.D% ( CRYPTOCAP:BTC.D ) started to fall from the Heavy Resistance zone(63.30%-57.10%) and after breaking the lower line of the ascending channel , we can confirm that Bitcoin's dominance on the crypto market can end for a while. If the cryptocurrency market wants to have a correction , Bitcoin can experience a further correction. If the crypto market wants to experience an increase again, we can say that we have entered the Altseason .👇 I expect Bitcoin to fill the CME Gap($93,835-$93,720) AFTER breaking the Head and Shoulders Pattern's Neckline and Support zone($95,600-$93,200) and then decline to at least the H&S pattern's target(around $91,000) . 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 ⚠️Note: If Bitcoin goes above $96,800, we can expect Bitcoin to rise again to the resistance lines.⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
36
CLFD TO $32.50MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price at bottom or below channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at oversold overbought level VBSM is spiked negative Price at 2.618 Fibonacci level In at $27.45 Target is $32.50 or channel top Stop loss is $25.50
NASDAQ:CLFDLong
by chancethepug