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Handle

Gold could be entering a price trap Gold has been forming a cup pattern from the 2011 @1920 high to the 2020 high @ 2074. Since it's high in 2020 gold has slowly shed it's value over the course of 7 months it has been a steady decline. This price action has formed what could be a nice handle. After bottoming out at 1667 it is likely we will see at least a short term reversal. Gold is likely to find resistance at 1765 in the coming weeks. These are two key levels that gold has found it's self trapped between historically for multiple weeks. A break above 1765 or below 1667 could signal a large move in their respective directions
TVC:GOLD
by zac_destroys_all
CUP & Handle INPX - Huge profit ahead - I found this very undervalued company, which is flat since March 2020. Inpixon provides technologies to monitor indoor flows. The more I look at this, the more it becomes evident that they would make an excellent acquisition target, technology-rich, cash on hand no debt, and a minuscule market cap. In addition, management is not shareholders so would make an acquisition would be very easy to navigate. The technology that INPX has amassed is very valuable to an acquirer that can really leverage it through their own pipelines. Something big is brewing, imho, GLTA longs. If the Cup & Handle will develop as expected could be a sign of a trend reversal.
ILong
by caimano
2
What is XAUUSD next Move?Hello Fellow Traders, Here is a Full Updated Analysis on XAUUSD. i have been Following Gold For Quite sometime now This is merely An observation, Let me know what you guys think Below in the comments :) I have linked my GROWTH XAUUSD Charts Below for your Reference! The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some Rejection / Confirmation / Direction 2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk. 7.Show some support Below (Like , Comment , Follow & share) Let Me know if you have any Questions or Comments Below Happy Trading & Goodluck! See You in the next Analysis! Global Fx Education
FX_IDC:XAUUSDLong
by Global_Fx
34
Possible Cup & Handle forming for Siacoin Hi all, Main TA Points; *** 1. Golden Cross Formed. 2. Seem to have found support at the 61.8 FIB. 3. Descending triangle invalidated. 4. Breakout accompanied by strong volume. 5. Promising fundamentals. 6. Find bottom indicator as well as MACD suggest return to uptrend likely. 7. Ichimoku offering support as well. *** Talking Points; *** A promising project and team that has delivered a working product for some time. Fundamentally speaking a strong contender, and according to my estimations not at risk of SEC attention as they did not hold an ICO. Siacoin is not to be mistaken for Siafunds which are in fact securities and have been sold as such. We recently had a significant break out early January with higher time frames suggesting that S/R flip has occured. The current support of 61.8 fib does seem to be painting a cup. The fib retracement has been set from the high of August of 2020. The current local high has exceeded this. We could expect the handle to be formed as a retest of Augusts high and subsequent longs could be placed from the break of the neck line with stop loss just below handle at 88.3 fib as a guide. Example trade would offer 3.34 R/R ratio. *** Estimates; *** The run up to 1 US cent might have a retest of the 0.007 range, but short to mid term targets based off historicals would suggest as a run up to the 1 US cent range as the stronger resistance. Price action expected to occur over the next 14 days. Good luck, *** *** Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions. All investment and trade decisions, no matter how well investigated, involve risk. ***
Long
by Traders-Corner
2