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Harmonic Patterns

XAUUSD - sells in play?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair updated from the previous one. Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are still using H4 to show you the sells we have in play. XAUUSD is currently trading at around 2670s . If you remember our previous long-term view on OANDA:XAUUSD you should remember that after hitting the top of the area at around 2714 (a bit higher) we were automatically looking for sells. We are currently holding a few sell positions at 2680s as the price failed to break higher. Personal opinion: The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some massive sell-offs in December before the year of 2024 ends. KEY NOTES - XAUUSD completed the predicted long-term move to the upside. - XAUUSD sells were called at the top of the area (2714). - XAUUSD failed to break higher and is following the long-term analysis. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
3
THE ONLY BULLISH WAVE COUNT !!! 582 SPY support The chart posted is what I can say Is the ONLY bullish wave count . We should was the .382 support in SPY and this also makes wave 4 and 2 equal .We did Top into the spiral 6 in total due 11/29/12/5 Turn this was the TOP TICK in NYA DJI XLU IYT DJT . There is clear LONG TERM DAMAGE in the NYA and all the indexes listed . The FED is clear BEHIND and LIED today as to UNEMPLOYMENT as in 2025 DOGE will cause this to rise as per my forecast of 5.5 in 2025
PYTH:SPY
by wavetimer
CHF/JPY Long Trade: Riding the Symmetrical Triangle BreakoutHi Traders ! I entered a long position on the CHF/JPY 15-minute chart, based on a potential bullish breakout from the symmetrical triangle formation. Here's my analysis: 1. Rising support and bullish pressure: The lower trendline shows higher lows, signaling accumulation and a likely breakout to the upside. 2. Moving Averages: The EMAs are tangled, but the 200 EMA (red) has consistently acted as dynamic support during consolidation. 3. RSI: The RSI is rebounding from the 50 level, indicating renewed buying momentum. 📈 Entry: Around 172.224. 🔴 Stop Loss: Set at 171.710, just below the triangle support. 🟢 Take Profit: Positioned at 172.674, using the triangle's height projected upwards as a target. This trade offers a solid risk/reward ratio with strong technical backing. Now, I’ll monitor the volume and wait for a breakout confirmation to validate the move. Does this align with your trading style, or would you tweak anything further? 🚀 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves significant risk, and you should carefully consider your financial situation before making any decisions. Past performance is not indicative of future results.
Long
by MetalsMine
Weekly CLS from HTF FVG, Model 2 from OBWeekly CLS from HTF FVG, Model 2 from OB. you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
2
XAUUSDXAUUSD is currently pulling back toward lower levels. The market has formed equal lows, and the price may drop below these equal lows before pushing into higher zones. I believe if the price rejects the support zone around 2625 and the upward trendline, there is a good chance the market will bounce back. This support level has been respected multiple times, as it acted as the top of the consolidation zone before. I expect the price to move lower, potentially testing the equal lows and the previous day's low, followed by a bullish reversal. My goal is resistance zone around 2720
FXOPEN:XAUUSDLong
by FOREXxADVISOR
GOLDGOLD could not hold on fomc ,Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep stable what appears to be a steady but cooling economy. It's the central bank’s third rate cut of 2024. The move reduces the Fed's target rate to between 4.25% and 4.5%. In its statement announcing the cut, the Fed now projects just two interest rate cuts for 2025. It stated that the unemployment rate remains low, while the rate of inflation "remains somewhat elevated." The Fed's moves are designed to prevent the economy from overheating when growth is strong, or falling into recession when it is slow.
VANTAGE:XAUUSD
by Shavyfxhub