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Gold's Next Big Move: Is This the Reversal Point?4-Hour Chart Analysis Trend Identification: Higher Highs (HH): The chart shows a consistent formation of higher highs (HH) which indicates an overall uptrend. Higher Lows (HL): The chart also demonstrates higher lows (HL), further confirming the uptrend. Key Levels: Resistance Levels: Around 2,480 and above are marked by HH. Support Levels: 2,429.42 (1HR LQZ / Reversal Point) 2,391.39 (4HR LQZ / TP 1) 2,349.05 (TP 2) 2,288.09 (TP 3) 2,265.37 (TP 4) Price Action: Triangle Pattern: A triangle pattern formed in June indicating consolidation before a breakout. Current Movement: The price has moved up to a higher high but is currently in a retracement phase, testing the 1HR LQZ / Reversal Point around 2,429.42. Projection: Potential Reversal: If the price holds above the 1HR LQZ / Reversal Point, it may indicate a reversal back towards the higher levels around 2,480. Support Tests: Failure to hold may lead to testing lower support levels at 2,391.39 (4HR LQZ / TP 1) and potentially further down to TP 2, TP 3, and TP 4. 1-Hour Chart Analysis Detailed View: Provides a closer look at the recent price movements. Confirms the higher highs observed in the 4-hour chart. Key Observations: Recent High: The price recently reached a new high around 2,480 before retracing. Immediate Support: The price is testing the 1HR LQZ / Reversal Point around 2,429.42, aligning with the 4-hour chart observations. Trading Opportunities: Long Position: If the price shows strong bullish signals and holds above the 1HR LQZ / Reversal Point. Short Position: If the price breaks below the 1HR LQZ / Reversal Point, with targets at lower support levels identified in the 4-hour chart. Summary The charts indicate an overall uptrend with recent higher highs and higher lows. Current price action is in a retracement phase, testing key support levels. Monitoring the 1HR LQZ / Reversal Point will be crucial for determining the next move, whether it will resume the uptrend or test further support levels. If you need further analysis or specific trade recommendations, feel free to ask!
COMEX:HG1!Short
by Adlercon333
Long gold price The position of 2452-2448 is a strong support. From the trend point of view, it is a good position to go long. Focus on the impact after the opening of the Asian market. TVC:GOLD BINANCE:BTCUSDT.P MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! BINANCE:BTCUSDT NYMEX:WTI1! Continuously analyze accurately for a month. Good at account management. The current market is exactly where I am good at trading. So you should not continue to be in a state of loss. Follow me. Guaranteed profits will not disappoint you.
TVC:GOLDLong
by NelsonPenn
#BTC: QUICK UPDATE!!Hey everyone! If you enjoy this analysis, a thumbs up and follow would be greatly appreciated! BTC is forming a bull flag-like pattern in 1hr time frame and it is holding an important trendline support so far. Currently, it is retesting the flag. If it maintains this retest level and bounces we can expect another upside movement up to the $68k level. Target:- $68k Invalidation:- 1hr close below the trendline. What are your thoughts on BTC's current price action? Share your analysis in the comments below!
Long
by CoreCrypto1
ETH CONTINUATION PATTERN BITSTAMP:ETHUSD AND BITSTAMP:BTCUSD Has been a in Correction phase after a bullish trend run. This bullish momentum doesn’t seems to be over yet. From our previous analysis ETH BROKE OUT OF PRECIOUS CONSOLIDATION TO RETEST BACK ON THE TREND LINE. TO FIND ENTRY SIMPLY WAIT FOR A PULLBACK INTO THAT SUPPORT LEVEL OF RED AND YELLOW BAR. TAKE PROFIT $4000-500k. ETH LOOKING TO FORM ALL TIME HIGH. JUDGING FROM THE PREVIOUS TREND, ON WEEKLY TIMEFRAME YOU WILL SEE IT FORMS BULLISH FLAG. SAME TIME HAPPENS ON DAILY TIMEFRAME, THE MARKET HAVE RETEST BACK ON THE TRENDLINE WE MIGHT ANOTHER BULL RUN FORM BTC AND ETH. FOLLOW FOR MORE UPDATES
FX:ETHUSDLong
by Money_Pips
1
FIL/USDT READY FOR AN ATH!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! FIL looks good here. Forming a bull flag-like structure in the daily time frame and confirming, it's deviation. Also, fundamentally it is a solid coin. Buy some here and add more in red days. Entry range:- $4.0-$4.6 Targets:- $5.2/$6.4/$8.1/$9.8 Invalidation: Daily close below $4 What are your thoughts on FIL's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
Potential Bear Flag in BoeingBoeing has climbed since its last earnings report, but some traders may look for longer-term selling pressure to resume. The first pattern on today’s chart is the series of higher highs and higher lows since early May. Notice how the aerospace stock seems to have made a lower high in early July. That may be considered a bearish flag resolving to the downside. Next, some short-, intermediate- and long-term moving averages are close together: the 8- and 21-day exponential, plus the 50- and 100-day simple. Those could suggest a consolidation phase is nearing an end. Third, Bollinger Bandwidth is starting to expand after narrowing. Will that period of price compression give way to expansion? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:BA
by TradeStation
Asian paint green run is coming on charts Asian paint struggle past several year to give positive return but now time has came to give return on that share Technical point - Multiple Time frame analysis 1- Strong multi time frame support at 2600 & 2550 2 - Flag pattern breakout on H4 time frame 3 - Rounding bottom reversal on daily time frame 4 - After may month last 4 year give only positive return seen on charts 5 - Last year in may 3000 to 3560 run came same chart and same think happen this time also 6 - Near supply zone 7 -That time he reached 52 week high and break his life time high of 3582 and given 4400 TRG First TRG - 3400 Second TRG - 3600 Third TRG - 4000 Final Trg - 4400 SL 2520 that delivery only for the long term
NSE:ASIANPAINTLong
by Share-Mechanic
$BTC - Decision level at $67700Hi guys! 👋🏻 🔔 We got the liquidity we wanted now it's the pump time 🔔 However, what might look like a bullish flag may turn into a descending channel, hence stay calm and follow the basic trading rules - no excitement, only cold-minded analysis. 🔔 The 67700 is the decision level, closed with a green candle above it, will take #Bitcoin to $80K ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:BTCUSDLong
by azizelliott
Unlock the Secrets: Is GOLD the Ultimate Trade Today?Unlock the Secrets: Is GOLD the Ultimate Trade Today? In this episode, I dive into the current conditions of the gold market, providing a comprehensive breakdown on how to form an objective opinion. Drawing inspiration from "Market Wizards" and "Trading in the Zone," I share insights from legendary traders who emphasize the importance of patience and discipline in trading. Learn essential lessons on patience, understanding that you don't need to force trades or impose your personal bias on the market. Discover why it's perfectly fine to skip trades daily or even weekly if the market doesn't align with your setup. Mark Douglas, in "Trading in the Zone," highlights the significance of a trader's mindset and how maintaining an objective perspective is crucial for consistent success. I also share valuable advice on productive activities to engage in while waiting for the right trade opportunities. Just as the great traders in "Market Wizards" stress, sometimes the best trade is no trade at all. Use this time to refine your strategies, study market patterns, and enhance your trading skills. Remember, running in place won't get you anywhere—focus on strategic moves to elevate your trading game. By incorporating these principles and understanding the psychological aspects of trading, you'll be better equipped to navigate the complexities of the gold market.
OANDA:XAUUSD
by Adlercon333
1
Riot Platforms, Inc. to $1000 / 100xOn the above 8-day chart price action has corrected 95% from $80 in early 2021. A number of reasons now exist to be consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Price action confirms trend reversal. Higher highs higher lows. 3) Price action confirms support on past resistance. (Green bar). 4) The inverse head & shoulders, you see it? 5) No share splits. True. 6) The bull flag pattern is used to forecast the projection as it was done twice before. Target area is $1000 per share. Ww Type: trade Risk: <=6% Timeframe for long: Quarter 1 2024 Stop loss: Will say elsewhere
NASDAQ:RIOTLong
by without_worries
57
BTCUSDT SHORT TERM SELL TRADEBitcoin have been in a correction phase after its bullish run and the market is looking to pullback into the 50fb area (50-48k) where this market might continue its second impulse leg. But when you look carefully at the precious inner trend line the market consolidate before breaking out of the minor support area of 60k. The trend seems forming same bearish flag pattern at the support area that now turn resistance we might see a breakout of this trend on Monday. A close of 4hrs bearish engulfing candlestick i will go short take profit at 50-48k. That zone seems solid and the trend seems to be respecting the outer trendline to form a point of confluence
Short
by Money_Pips
Alikze »» AKT | Descending channel🔍 Technical analysis: Descending channel - It has been moving in an ascending channel in the 1W time frame. - In the short term after the break of the descending channel, as you can see, it is moving within a descending channel. - After breaking the long-term ascending channel and pullback, it has had a correction up to the golden zone. - In the 8H time, if the supply zone breaks, it can grow up to 4.68, otherwise, it can retest the bottom of the channel. ⛳️ Upside targets: 4.65 - 5.08 - 5.47 ⛳️ Downside targets: 2.74 - 2.35 - 1.95 💎 But in the daily and weekly time frame, according to the bullish candlestick in the golden zone, if the supply zone fails, it will have the ability to grow to the next zone and the specified goals of the ceiling of the long-term ascending channel, which I will review and update later. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze