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Harmonic Patterns

GBPUSD H1 I Bullish Bounce Off Based on the H1 chart analysis, we can see that the price is testing our buy entry at 1.3390, which is an overlap support. Our take profit will be at 1.3439 which is a pullback resistance level. The stop loss will be placed at 1.3333, which is a multi-swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
#Banknifty directions and levels for July 16th:Current View If we look at the Bank Nifty chart from a broader perspective, it appears to be forming a bullish triangle pattern. If we count the swings, it seems we are in the 4th wave, and the 5th downward wave is still pending. So, if the market faces rejection near the top of the triangle, we can expect a minor correction, which may reach the bottom of the triangle pattern. (For confirmation of the correction, the market must break the support zone at a minimum.) Alternate View Alternatively, if the market finds support around 56953 or at the support zone, we may see some consolidation. After that, if it breaks above the top of the triangle, the minor rejection zone may act as a resistance before the rally continues.
NSE:BANKNIFTY
by Manickamtraders
4
BRETT/USDT Poised for Explosive Breakout from SymmetricalThe crypto market is heating up again, and BRETT/USDT is showing one of the most promising technical setups right now. The pair is approaching a critical breakout point from a well-defined Symmetrical Triangle, signaling that a major move may be imminent. 🧠 Technical Pattern: Symmetrical Triangle – Price Compression at Its Peak Since February 2025, BRETT/USDT has been consolidating inside a Symmetrical Triangle – a classic neutral pattern that often precedes explosive moves. Key Characteristics: Lower highs & higher lows: A sign of price compression and indecision Trendline convergence: A breakout or breakdown is imminent Decreasing volume: A textbook pre-breakout condition Currently, the price is trading around $0.05595, right near the triangle’s resistance line – putting it at a make-or-break moment. ✅ Bullish Scenario – Breakout and Rally If the price breaks out above the triangle resistance with strong volume and a daily candle close, we could witness a rapid rally toward multiple key resistance levels: 📈 Bullish Targets: 1. $0.06652 – Initial breakout confirmation 2. $0.09045 – Minor horizontal resistance 3. $0.11496 – Mid-term resistance level 4. $0.15515 – Historical supply zone 5. $0.21254 – $0.23603 – Full pattern target and previous local high 🚀 From the current price, this breakout could deliver over +300% upside if momentum holds. Indicators like RSI, MACD, and Volume Spike confirmation can act as supporting evidence for entry. ❌ Bearish Scenario – Breakdown and Continuation On the flip side, failure to break out and a drop below the lower support trendline could signal a bearish continuation of the previous downtrend. 📉 Bearish Targets: $0.04000 – Minor support level $0.02340 – Cycle low & strong horizontal support 🔻 Such a breakdown would invalidate the bullish setup and may lead to prolonged consolidation or further downside. 🧩 Summary & Market Insight BRETT/USDT is at a highly pivotal technical level. The symmetrical triangle pattern suggests that a major breakout or breakdown is imminent, and the reward-to-risk ratio is very attractive for both swing traders and position traders. 📌 Trading Strategy Suggestions: Bullish: Enter on confirmed breakout above triangle with volume; stop-loss below previous support. Bearish: Watch for breakdown with volume; consider short targets or wait for new support to form. Always apply proper risk management and consider using trailing stops in case of strong continuation. #BRETTUSDT #CryptoBreakout #AltcoinAnalysis #SymmetricalTriangle #CryptoTechnicalAnalysis #Altcoins #BreakoutSetup #CryptoTraders #CryptoMarketUpdate
Long
by CryptoNuclear
1
SONIC/USDT Breakout in Progress? Watch This Critical Level Close🧠 Technical Breakdown – Daily Chart (1D, Coinex) The SONIC/USDT pair is currently exhibiting a textbook descending trendline breakout setup, formed over the past 7+ months. This long-term downtrend has been respected since late November 2024, connecting multiple lower highs and establishing a well-defined bearish structure. However, recent price action shows a potential trend reversal as the pair consolidates tightly near the apex of the structure, with signs of breakout momentum building. 📐 Pattern Identification: ✅ Falling Wedge / Descending Triangle ✅ Continuous lower highs connected by a descending trendline ✅ Support held above $0.25 (strong demand zone) ✅ Price now testing the upper boundary of the trendline This is a classic bullish reversal pattern—especially when price breaks out after long-term compression. 🚀 Bullish Scenario: Should SONIC successfully break and close above the $0.4030 level (trendline + horizontal resistance), it could unlock a wave of bullish momentum. Here are the key upside targets based on Fibonacci retracement from the previous high ($1.4729) to the local low ($0.2494): 🎯 Resistance Level Significance $0.5278 0.382 Fib – First major target post-breakout $0.6067 Key confluence level – psychological barrier $0.7461 0.618 Fib – Bullish continuation zone $0.8654 High momentum extension $1.0453 0.786 Fib – Reversal confirmation $1.4318 Retest of the all-time high If volume supports the breakout, we could see a sharp move toward these zones. 🧨 Bearish Scenario: If price fails to break out and gets rejected from the trendline: It could retrace back toward $0.3100 and $0.2700 A daily close below $0.2494 (previous low) would invalidate the bullish setup, signaling potential continuation of the downtrend Traders should monitor RSI divergence and volume drop as warning signs 📌 Why This Setup Matters: This is not just a short-term play. A successful breakout here signals the end of a multi-month downtrend and the potential start of a new macro uptrend. SONIC has been heavily compressed — and the tighter the coil, the bigger the move. Smart money often enters before the breakout confirmation. Monitor for volume surges, candle structure changes, and key breakout retests. ✅ Summary: 🔄 Trendline breakout imminent 🟢 Watch for breakout confirmation above $0.4030 🔴 Breakdown below $0.2494 invalidates the bullish thesis 🧭 Fibonacci levels offer reliable target zones for profit-taking This is a critical make-or-break zone for SONIC/USDT. Traders, be ready. #SONICUSDT #BreakoutSetup #AltcoinAlert #CryptoAnalysis #TrendReversal #TechnicalAnalysis #CryptoTA #Altseason #FibonacciLevels #PriceAction
Long
by CryptoNuclear
DUSK/USDT Poised for Major Breakout – High Probability Reversal🔍 Technical Overview (Timeframe: 1D – Binance): DUSK/USDT is currently displaying one of its most crucial technical setups in recent months. The price is retesting a descending trendline that has capped any significant upside since November 2024. Now, the market is compressing near this trendline resistance while gradually forming higher lows, indicating a potential pressure build-up for a breakout. This may mark the end of the downtrend and the beginning of a strong bullish reversal if confirmed. 📐 Pattern Structure: Descending Trendline Breakout This long-term descending resistance has been tested multiple times, gaining validity. Price is consolidating right below it, while volume shows signs of a slow uptick. The overall structure resembles a Falling Wedge pattern – often a bullish reversal pattern once the upper boundary breaks. 🟢 Bullish Scenario – Potential 200%+ Rally if Breakout Confirmed If the price successfully breaks and closes above $0.0752, a significant upward movement may unfold. The potential resistance targets based on historical price reactions and Fibonacci zones are: Target Resistance Level TP1 $0.0752 – Breakout Validation TP2 $0.1082 – Previous Horizontal Resistance TP3 $0.1381 – Strong Supply Zone TP4 $0.1652 – Mid-Fib Zone TP5 $0.2239 – High-Interest Level TP6 $0.2830 – Extension Target TP7 $0.3385 – November 2024 High 💡 Extra Catalyst: If BTC stabilizes or enters a consolidation phase, altcoins like DUSK may outperform during a potential mini altseason. 🔴 Bearish Scenario – Rejection at Resistance If DUSK fails to break the trendline and faces rejection around $0.0672–$0.0752: The price could retrace back to the minor support zone around $0.0500. A drop below that would target the macro support at $0.0427, which represents the lowest point of this downtrend. A close below $0.0427 would likely confirm bearish continuation. 💎 Bullish Setups Backed by Key Technicals: 1. Multi-touch Trendline Resistance – A valid and respected resistance line now at risk of breaking. 2. Sideways Accumulation Structure – Flat price action over several months, likely a sign of re-accumulation. 3. Altcoin Momentum Potential – Market environment increasingly favorable for altcoin rebounds. 4. Gradual Volume Build-up – Suggests quiet buyer interest before a potential surge. 🎯 Trading Strategy: Buy Entry Confirmation: Daily candle close above $0.0752 with increasing volume. Stop Loss: Below $0.0620, or more conservatively below $0.0500. Take Profits: Partial exits at each target zone listed above. ✅ Conclusion: DUSK is approaching a high-impact technical inflection point. A confirmed breakout of the long-standing descending trendline could open the doors to a multi-leg bullish rally. For swing and position traders, this is a high-probability setup worth close attention. The risk-reward profile is favorable if the breakout is supported by volume. #DUSKUSDT #CryptoBreakout #AltcoinReversal #TechnicalAnalysis #CryptoTrading #DescendingTrendline #BullishSetup #SwingTradeOpportunity #AltcoinWatch
Long
by CryptoNuclear
BAND/USDT – Massive Trendline Breakout! Reversal Play!📌 Chart Overview: BAND/USDT has officially broken out from a long-term descending trendline that has suppressed price action for over 7 months. This breakout, confirmed with a bullish daily close above a key horizontal resistance zone ($0.68–$0.70), opens the door for a powerful trend reversal. The structure signals the end of accumulation and the beginning of a potential markup phase, where volatility and volume often expand rapidly. 🔍 Technical Pattern Breakdown: Falling Wedge Formation: A classic bullish reversal pattern formed after a prolonged downtrend. The wedge narrowed price volatility and concluded with a clean breakout to the upside. Descending Trendline Breakout: The break of the major trendline marks a shift in control from bears to bulls. Historically, this is one of the strongest technical signals for a trend reversal. Demand Zone Validation: The $0.60–$0.70 range has acted as a multi-month accumulation zone, with repeated rejections from the downside showing strong buyer presence. ✅ Bullish Scenario: If BAND holds above the $0.68–$0.70 breakout zone, a strong bullish rally could unfold with the following upside targets: 1. TP1: $0.861 – Minor resistance, potential retest level. 2. TP2: $0.970 – Psychological resistance and historical flip zone. 3. TP3: $1.125 – Major horizontal resistance; a breakout from here could trigger FOMO buying. 4. TP4: $1.380–$1.606 – High-confluence zone from previous consolidation. 5. TP5: $2.08–$2.29 – Ultimate extension target aligned with macro resistance from November 2024 highs. Each breakout above the target levels could lead to a short squeeze scenario, accelerating momentum. ⚠️ Bearish Scenario: A failure to sustain above the $0.68–$0.70 level would invalidate the breakout and trap late buyers. Breakdown back below the yellow zone could push price towards: $0.60 – Key mid-support $0.501 – The lowest support on chart; a break here would resume the downtrend. Watch for volume divergence or fake-out signals on lower timeframes. 🧠 Market Psychology Insight: This setup reflects a shift in sentiment. After a prolonged phase of apathy and seller exhaustion, smart money appears to be stepping in. The strong rejection from lows and breakout suggests early-stage bullish accumulation transitioning into public participation. If volume increases along with upward price movement, it may confirm Phase C-D of a Wyckoff Accumulation, suggesting much higher upside. 📆 Timing Note: Historically, July–September has offered volatility surges across mid-cap altcoins. With BAND breaking structure at this critical timing, early positioning could offer asymmetrical risk-reward. #BANDUSDT #CryptoBreakout #AltcoinSeason #TrendlineBreak #BullishReversal #TechnicalAnalysis #FallingWedge #CryptoSignals #BANDToken #CryptoTA
Long
by CryptoNuclear
AEVO/USDT – Major Trendline Breakout! Is This the Beginning?🔍 Chart Overview & Pattern Analysis The AEVO/USDT daily chart reveals a significant breakout from a long-term descending trendline that has been intact since November 2024. This trendline acted as a strong dynamic resistance, suppressing every bullish attempt—until now. A clear multi-month accumulation zone is visible between $0.080 – $0.105 (highlighted in yellow). Price tested this support zone multiple times, forming a strong base of demand. The combination of horizontal support and descending resistance creates a classic descending triangle breakout, often signaling a trend reversal when broken to the upside. What's more, price action recently: Broke above the trendline with strong bullish candles Retested the breakout zone successfully Is now forming a potential bullish continuation structure (mini bull flag or pennant) This structure suggests that the bulls are not done yet—and momentum could be accelerating. 🟢 Bullish Scenario – The Path to Higher Highs If AEVO continues to hold above the breakout zone, the following upside targets become very realistic: ✅ Target 1: $0.16183 – Previous resistance zone, short-term TP. ✅ Target 2: $0.27599 – Key horizontal resistance from late Q1 2025. ✅ Target 3: $0.40857 – Weekly structure resistance. ✅ Target 4: $0.51833 – Bullish extension zone. 🎯 Ultimate Bull Target: $0.62660 – Full recovery to pre-downtrend levels. Confluence factors supporting this bullish outlook: Breakout above dynamic and static resistances Accumulation breakout after long consolidation Higher low and bullish retest pattern Bullish momentum building with volume confirmation (volume not shown but implied) 🔴 Bearish Scenario – Key Levels to Watch In case of a false breakout or macro weakness: Breakdown below $0.105 could invalidate the bullish structure Price could revisit $0.080 or even $0.06684 (last line of defense) A daily close below this zone would shift the bias back to bearish or neutral However, as long as price stays above the yellow support box, the bullish thesis remains valid. --- 🧠 Key Technical Highlights Pattern: Descending Triangle Breakout + Accumulation Base Trend Shift: From Bearish to Bullish (confirmed with breakout + retest) Momentum: Building up toward higher time frame resistances Market Psychology: Smart money likely accumulated during sideways chop 📣 Final Thoughts AEVO/USDT is showing one of the cleanest breakout structures in the altcoin space right now. With clear upside targets, a retested breakout zone, and strengthening market structure, this could be the early phase of a major bullish leg. Traders and investors should watch for confirmation of higher highs and pullbacks to the $0.105 zone for potential entries. #AEVOUSDT #CryptoBreakout #TrendReversal #AltseasonReady #DescendingTriangle #CryptoTA #BullishCrypto #AltcoinAnalysis #TechnicalBreakout #AEVOAnalysis
Long
by CryptoNuclear
HOOK/USDT Major Downtrend Breakout — Reversal in Play🔍 Chart Overview HOOK/USDT has finally broken out of its macro downtrend, which had been holding the price down since December 2024. This breakout is not just a technical move — it could mark the beginning of a mid- to long-term reversal. The price is now retesting the breakout area (yellow box), offering an ideal entry point before a potential rally. 📈 Pattern & Technical Structure 🟡 1. Breakout from Long-Term Downtrend The yellow trendline shows a 7-month-long bearish trendline. Price has now closed daily candles above this line, indicating a clear shift in market structure. The breakout occurred after a sideways accumulation phase between $0.1050 – $0.1200, which also acts as a demand zone. 🟢 2. Inverse Head and Shoulders (IH&S) Pattern Left and right shoulders formed around $0.1050 Head formed at the $0.0710 – $0.0777 zone Price has broken above the neckline, validating the IH&S reversal pattern 📊 3. Volume & Momentum Increased volume during the breakout confirms strong buying interest If the retest holds, bullish momentum could accelerate toward key resistance levels 🟢 Bullish Scenario (Positive Outlook) If price holds above the retest zone ($0.1167 – $0.1200) and confirms support: Bullish Targets: 1. $0.1300 – Nearest minor resistance 2. $0.1563 – Breakout confirmation zone 3. $0.1791 – Psychological and fib confluence 4. $0.2210 – IH&S pattern target 5. $0.2821 – Key horizontal resistance 6. $0.4649 – $0.5801 – Golden pocket zone (Fibonacci retracement) ✅ Potential ROI: 100%+ from current levels 🔴 Bearish Scenario (Negative Outlook) If HOOK fails to hold above $0.1050: The breakout may become a false breakout (bull trap) Price could fall back toward $0.0850 A deeper drop toward $0.0777 – $0.0710, the last major demand zone 🚫 Breakdown below this zone would re-enter a long consolidation phase 🎯 Conclusion & Strategy HOOK is at a critical turning point. A confirmed breakout from the macro downtrend + IH&S pattern signals a high-probability bullish reversal. The current pullback serves as a textbook retest — a prime area for entries. Aggressive traders can consider entering now with SL below $0.1050. Conservative traders may wait for confirmation candles above $0.1300. ✅ Quick Checklist: ✅ Confirmed breakout from macro downtrend ✅ Inverse Head and Shoulders pattern active ✅ Volume spike supports breakout ✅ Retest in progress at key demand zone #HOOKUSDT #HookBreakout #CryptoReversal #AltcoinSeason #InverseHeadAndShoulders #TechnicalBreakout #CryptoAnalysis #ChartPattern #TradingSignals #HookAnalysis #BreakoutCrypto
Long
by CryptoNuclear
EURUSD H1 I Bullish Rise Based on the H1 chart analysis, the price is approaching our buy entry level at 1.1603, a pullback support. Our take profit is set at 1.1641, a pullback resistance that aligns with the 50% Fib retracement. The stop loss is placed at 1.1579, an overlap support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
GBPJPY – Eyeing new highs as bullish structure holdsGBPJPY continues to trade within a steady ascending channel and has recently bounced from short-term support around 198.200. If price breaks above 199.400, bullish momentum could strengthen, targeting the previous high near 200.800 — a key resistance zone that has been rejected before. From a fundamental perspective, expectations that the Bank of England will maintain high interest rates to combat inflation are supporting the pound. Meanwhile, investor sentiment remains cautious toward the yen following dovish signals from the Bank of Japan. If upcoming UK economic data is positive, GBPJPY may continue climbing in the sessions ahead.
Long
by Rocky_trade_
AUDUSD – Mild rebound, downside risk aheadAUDUSD is approaching a key trendline resistance after a short-term recovery. However, repeated rejections at this level in the past suggest a potential reversal is forming. The current structure mirrors previous setups – a mild rally into the trendline followed by weakness. On the news front, recent U.S. economic data has supported the dollar, particularly stable job numbers and consumer confidence. Meanwhile, the market is awaiting the upcoming FOMC meeting minutes and Australia’s CPI report. Without a surprise boost from AUD fundamentals, the pair could face renewed downward pressure in the coming sessions.
Short
by Rocky_trade_
Gold set to surge? XAUUSD is holding firmly within a clear ascending channel on the H1 chart. After a strong rally, price is showing signs of a minor pullback toward the trendline support – potentially the last chance for buyers before gold accelerates toward the upper resistance zone. On the news front, lower-than-expected U.S. producer inflation data has weakened the dollar, increasing gold’s appeal as a safe haven. In the coming days, key economic events like retail sales and comments from the Fed could serve as catalysts for the next bullish leg.
OANDA:XAUUSDLong
by Rocky_trade_
EURUSD – Bullish Momentum ReturnsEURUSD is gradually breaking free from downward pressure as it breaches the short-term accumulation structure, aiming for the resistance zone around 1.1720. On the chart, a clear bullish trend is emerging, supported by FVG signals reinforcing the recovery. On the news front, expectations are rising that the European Central Bank will maintain a tighter policy stance for longer, as core inflation in the Eurozone remains elevated. Meanwhile, the USD is under corrective pressure following last week’s lower-than-expected U.S. CPI data. Upcoming statements from ECB and Fed officials today will be key in determining the next move for this currency pair. Unless a surprise arises from the U.S. side, EURUSD is likely to sustain its short-term upward momentum and test the next technical resistance area.
Long
by Rocky_trade_
Gold market trend analysis and exclusive analysis.Analysis of the latest gold market trends: Analysis of gold news: The U.S. Department of Labor released the much-anticipated June Consumer Price Index (CPI) data at 20:30 Beijing time. After the CPI data was released, the financial market responded quickly, showing investors' recalibration of inflation data and monetary policy expectations. The U.S. dollar index (DXY) fell 16 points in the short term after the data was released, reflecting the market's interpretation of the core CPI being slightly lower than expected, which was dovish. The gold market reacted particularly sensitively. The core CPI was lower than expected, pushing spot gold up by $6 in the short term, indicating a brief rebound in safe-haven demand. In the short term, the probability of the Federal Reserve keeping interest rates unchanged in July is close to 100%, but the mild performance of the core CPI reserves the possibility of a rate cut in September or earlier. The market needs to pay close attention to subsequent data, especially the July CPI and PCE price index, to determine whether inflation will continue to rise. Gold technical analysis: This week's upward breakthrough of 3375 further bullish on the 3400 mark; the daily average line diverges upward to support bulls, and bullish on bullish gains. However, if you want to rise, you must exert your strength today, otherwise the bulls may end at any time! The current support level is near the daily MA5 and the middle track. The next step is still the focus. If you want to rise, you can't go down here. Going down means continuing to sweep back to 3320 and 3300. Today's European session also broke high without continuation, and the US session formed a retracement to test the MA5 support level. As long as the middle track is not lost, the short-term will continue to touch the high, so the operation is very clear. In the short term, the short-term will rely on the support of the middle track to see a rebound, and the upper resistance is 3665-3375. The daily Bollinger Bands continue to close. If the upper 3375 is not broken, do not chase the high position, and beware of high-level selling. On the whole, today's short-term operation of gold recommends that the callback is mainly long, and the rebound is supplemented. The upper short-term focus is on the 3350-3360 line resistance, and the lower short-term focus is on the 3320-3310 line support.
FOREXCOM:XAUUSDLong
by JoyLouise53
Major resistance ahead?The Gold (XAU/USD) is rising towards the pivot and could reverse to the overlap support. Pivot: 3,343.09 1st Support: 3,307.61 1st Resistance: 3,363.76 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets
2
Falling towards the pullback support?The Silver (XAG/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 37.29 1st Support: 36.29 1st Resistance: 39.10 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAGUSDLong
by ICmarkets
Bearish drop?Dow Jones (US30) has reacted off the pivot and could drop to the 1st support which has been identified as a pullback support. Pivot: 44,114.05 1st Support: 43,228.22 1st Resistance: 44,522.33 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:US30Short
by ICmarkets
1