GOLD NEXT MOVE www.tradingview.com
If the price break below 2360, the next target will be at 2349/2348, other senario if the price get rejected from the previous support level he can bounce up to reach the 2400 level.
Forexmarket
Understanding the Technical Bullish OutlookTechnical analysis of gold also shows bullish prospects. Gold prices have charted an ascending widening wedge pattern since 2016, starting from a low of $1124.30. This pattern is often recognized for its expanding trend lines and suggests increasing volatility and bullish sentiment as price makes higher highs and lows.
Furthermore, another bullish pattern has emerged within this ascending expanding wedge pattern: the formation of an inverted head and shoulders pattern, often considered a reversal pattern indicating a transition from the market price reduction to price increase. The head of this pattern formed at $1622.20, with shoulders completed at $1673.30 and $1810.80.
The key aspect of this pattern is the break above the neckline at $2075 in March 2024, signaling a strong long-term breakout. This breakout is significant because gold prices have stabilized below the key pivot point of $2075 for several years. A successful breach above this level suggests a potential rally to $3000, marking the initial target set by the ascending expanding wedge pattern.
💵 SELL OANDA:XAUUSD 2365-2367💵
✔️TP 2355
✔️TP 2345
❌SL 2375
💵 BUY OANDA:XAUUSD 2340 - 2342💵
✔️TP 2350
✔️TP 2360
❌SL 2333
USDJPY Looking for correction ??The USD/JPY pair has completed the impulsive wave sequence labeled as 1-2-3-4-5 and is now entering a corrective phase, typically labeled as A-B-C. The price has already formed waves A and B and is currently progressing towards wave C, which is expected to extend to the 1.618 Fibonacci extension level.
Additionally, the formation of a head and shoulders pattern suggests a potential reversal or a downward correction in the price. Here’s a written summary of the analysis:
USD/JPY Technical Analysis: - Impulsive Waves: Completed (1-2-3-4-5) - Corrective Waves: In progress (A-B-C) - Wave A: Completed - Wave B: Completed - Wave C: Targeting 1.618 Fibonacci extension Pattern Analysis: - Head and Shoulders pattern observed, indicating a potential reversal or correction.
GBP/USD Trade SetupGBP/USD has formed a symmetrical triangle pattern on the 30-minute timeframe, and a breakout has already occurred.
We are currently waiting for a retest to enter a SELL position, based on candlestick confirmation patterns at the retest level.
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AUD USD TRADE SETUP AUD USD TRADE SETUP
AUD USD is currently retesting a support key level.
Currently looking for SELL confirmation on the lower timeframe of 30 mins.
Plan B, if the price breaks above we need to see a retest before looking for BUY entries
XAUUSD SELL NOW OPPORTUNITY big falling again gold fall soon XAUUSD for stocks to come off the boil And now that the fears are abating it is also providing a good reason for gold to also let out some of the steam Gold made some attempts to top earlier this month but failed to see a daily close above the key level And now price is starting to feel exhausted as it falls back to on the day
EURUSD: Bullish Trend ShiftOn an hourly timefraame, EURUSD printed Bullish Divergence followed by a Bullish Pennant Pattern suggesting a Bullish shift.
Entry is suggested on the breakout of previous high with a stop loss on previous low. TP levels are suggested with Risk Reward Ratio of 1:1 and 1:2
Trading ForexThe Forex Market is very consistent. It repeats itself day in and day out.
It is an objective force of nature and follows rules.
Therefore if you leverage the rules inside of an objective strategy you are able to extract as many pips out of every Macro move that the asset you are trading makes.
Today we understand that EURUSD is Bullish. Therefore the algorithm will take out Sell Side Liquidity 1st typically to the 3rd or 4th Second Deviation.
There is a FVG that may anchor the sell.
5am EST is PTT aka Profit Taking Time when the market typically consolidates and sets up the 7-10am Sniper Window.
Never Over Leverage. Always remember your Narrative is your trade if you don't have one you don't have a trade.
Trust your set up. Have a Great Trading Day!
Crude Oil possible long for 85.00oil price testing 4h time frame demand zone, buying level 80.55-80.00, stop loss below 80.00, target: 85.00
XAUUSD SELL SETUP opportunity strong fallThe Momentum Trap: Gold's relentless rise could be fueled by a self-fulfilling speculative frenzy. This trend
Gold sell now 2382_2385
Tp2370
Tp2360
Sl2392
Gbpusd buy slowly GBPUSD seen as the third leg Deeper decline would be seen to support and possibly bullish But strong support should emerge fromretracement of complete the correctional
EURUSD sell opportunity for more big fall EURUSD The latest inflation report for March spooked everyone showing consumer prices soaring by 3.5%, way above expectations What does high inflation mean It means the Fed's gonna keep interest rates high for longer to fight it As soon as that data hit you could practically hear the market's collective gulp with the EURUSD
BTCUSD buy opportunity strong bullish big buy any time BTCUSD strong bullish and high risk trade in Remember trading is inherently risky and it's crucial to engage with the market based on thorough analysis and personal risk appetite
For continued updates Andrew Market insights
Gbpusd sell opportunity continue bearish OB appointment with Gbpusd sell it The rising yield has the US dollar moving to the upside The US dollar is now trading to new at session highs
Gold Continue long_term XAUUSD buying strategy Gold Geopolitical frictions in the Middle East have further bolstered gold although these risks have intensified only recently and haven't been a predominant theme for an extended period To add context investors have been nervous about Iran's potential retaliation against Israel following the bombing of its embassy in Syria Such action could escalate tensions in the region
XAUUSD BUY opportunity again long term bullish all time high nedXAUUSD period off its best levels established briefly on Friday during the New York session when it toucheda fresh record Considering recent performance the precious metal has increased in seven of the last Eight
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Gbpusd buy fulling up the opportunity Gbpusd average This is generally a reversal pattern so we can expect the sellers to sell any rally now as they target a breakout below the support The price got a bit overstretched yesterday as depicted by the distance from the blue moving average In such instances we can generally see a pullback into the moving average or some consolidation before the next move
Xauusd sell opportunity’s Xauusd big fall of cpi XAUUSD Strong Report A surprisingly strong jobs report could signal a resilient economy, leading the US central bank to hold off on plans to ease interest rates imminently This scenario should be down for the US dollar but is likely to put downward pressure on precious metals like gold and silver
Xauusd buy opportunity strong bullish of CPi There simply wasn't enough investor demand This lack of interest was probably due to the hope that inflation would slow bullish quickly and the economy would not suffering
Xauusd buy opportunity long term bullish gold Gold should remain supported as we head into the easing cycle but a more hawkish Fed could weigh on it in the short term In fact we can say that the
gold support leve 2320 zone bullish area target is 2370-2380
will likely decide its fate as strong data should trigger a hawkish repricing in the markets and weigh on theprice in the short terms while
XAUUSD BUY opportunity long time bullish Gold has been rallying non stop lately for no clear reason as the name usual inverse correlation with real yields broke down There are talks of heavy central bank buying with China being at the forefront as it might be looking to de risk from US Treasury bonds In the big
