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Here’s why gold exploded, trading strategiesIn the Asian market on Tuesday, gold fluctuated in a narrow range and is currently trading around 2667, holding most of the overnight gains. Gold prices hit a two-week high of 2676 on Monday, climbing more than 1%, because the Chinese central bank resumed buying gold after a six-month hiatus, and expectations of a rate cut by the Federal Reserve next week also increased bullish sentiment, and the geopolitical situation also boosted safe-haven buying demand. It should be reminded that the US dollar index and US Treasury yields rose slightly, which made gold bulls still cautious. The price of gold is still in a range of nearly two weeks. Before the release of US CPI data on Wednesday, gold may still maintain a volatile trend. This trading day will also usher in the Reserve Bank of Australia's interest rate decision, and investors also need to pay attention. Gold surged and fell back in the late trading. It is expected that today it will be corrected before it can further test the sideline and upper line again. From the channel point of view, this wave of rebound has not shown a signal of turning bearish in the daily chart, so it is still a priority to buy at a low price! The daily support is around 2644. However, the support in the Asian session is around 2654! Under the stimulation of risk aversion, gold finally fluctuated upward. Yesterday, gold rose to 2676 in the US market and fell back in the short term. Gold fell as expected, but the decline in gold was not large. Bulls began to accumulate momentum to rise. Gold fell back in the Asian session and went long! Gold crossed the 1-hour moving average. If all the moving averages diverge upward, then gold still has room to move upward. The 1-hour moving average support of gold moved up to the 2644 line. Gold can enter the market near 2654 first. First support: 2654, second support: 2644, third support: 2632 First resistance: 2676, second resistance: 2688, third resistance: 2700 Trading strategy: BUY: 2652-2654 SELL: 2676-2678
TVC:GOLDLong
by Jun-GoldAnalyst
December 9 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. There is no Nasdaq index announcement today. There are many branching points in small waves, so I think it would be good to pay close attention. I proceeded as safely as possible. *Red finger movement path Long position strategy 1. 97,065 dollars long position entry section / cut-off price when green support line is broken 2. 100,213.5 dollars long position 1st target -> Top -> Good -> Great Target price in that order. If the strategy is successful, Long position autonomous operation section in the 1st section of the daily closing price If it does not come down from the current position to the long position entry point and only touches the 2nd section of the purple parallel line support line and rebounds A strong rise may occur. The pink resistance line at the top, purple finger 99,008.5 dollars is a vertical decline section in a downward wave. It is a position that must be broken through unconditionally, and The orange resistance line 1st section is / within the green support line convergence section, and the movement is sideways. If the bottom section is broken today in the sky blue support line section, it may break out of the mid-term box zone, so there may be additional declines after tomorrow. It would be best for a long position if it does not go down to the gray support line -> 3rd section, right? Up to this point, I ask that you simply refer to and use my analysis, and I hope that you operate safely with principle trading and stop loss prices. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
GOLD UPDATE 1HR CHARTXAUUSD Scalping and Swing Trading Opportunities: The gold market offers traders a unique mix of rapid intraday movements and longer-term price trends. Scalping provides opportunities for quick profits by capitalizing on minor price fluctuations, while swing trading allows for capturing larger market moves over days or weeks. With precise analysis, disciplined risk management, and a keen eye on technical and fundamental indicators, traders can strategically navigate the volatility of XAUUSD to maximize gains in both short and mid-term trades...
OANDA:XAUUSDLong
by SadarExplore
GOLD 1HR CHART XAUUSD Gold is displaying strong indications of upward momentum, driven by favorable market conditions and a renewed interest in safe-haven assets. With global economic uncertainties, a weaker dollar, and ongoing geopolitical concerns, gold continues to attract investors seeking stability. Technical analysis suggests a bullish trajectory, with key resistance levels potentially being tested in the coming sessions. If these levels are breached, the upward trend could accelerate further, paving the way for significant price gains. However, traders should remain cautious and monitor macroeconomic developments that could influence market sentiment...
OANDA:XAUUSDLong
by TradeAdvisory
ETH/USDT - Gann Analysis 📊 **Overview**: This is Gann chart for ETH/USDT, showcasing key support and resistance levels based on Gann angles and square values. These levels can act as critical turning points for Ethereum's price movement. --- 🔍 **Key Observations**: 1️⃣ Current Price: ETH is trading around **$3,665**, which is slightly above the **540° level ($3,563)**. - If ETH holds this level, the next resistance is at **600° ($3,972)**, and beyond that, we’re looking at the **660° level ($4,403)**. 2️⃣ Support Levels: - Immediate support lies at **540° ($3,563)**. - Stronger support can be found at **480° ($3,176)** and **420° ($2,811)**, marking potential retracement zones. 3️⃣ Broader Picture: - The chart shows a clear breakout attempt after consolidating below **360° ($2,469)** earlier this year, highlighting strong bullish momentum in recent months. - A move below the **540°** level could signal a deeper correction towards **480°**. --- 💡 **Trading Strategy**: - **Bullish Scenario**: Watch for a clean breakout above **$3,972 (600°)** for continuation towards **$4,403** and potentially the **720° zone ($4,856)**. - **Bearish Scenario**: A failure to sustain above **$3,563 (540°)** could open the door for a retest of lower support zones at **$3,176** or **$2,811**. --- ⚠️ **Disclaimer**: This analysis is not financial advice. Always manage your risk and conduct your research before making any trades. 🚨 What’s your take on this Gann setup for ETH? Share your insights in the comments! 👇 Wish you Best of luck 😊
by Magic_xD