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Harmonic Patterns

Gold price today: The decline continues!Dear traders! What do you think about OANDA:XAUUSD – Buy or Sell? Yesterday, gold continued its downward trend, dropping $27 from its highest point in the previous session at $2,885 per ounce. On March 1, gold closed the week negatively at $2,858 per ounce. The main reason for this sharp decline in gold prices was the strengthening US dollar. The USD Index surged to 107.66, its highest level in the past 10 days, as financial markets grew concerned over the US administration's aggressive trade policies. Specifically, former President Donald Trump confirmed a 25% tariff on imports from Mexico and Canada, effective March 4. Additionally, he announced an extra 10% tariff on Chinese goods. This policy has fueled uncertainty in the market, pushing investors toward the USD as a safe-haven asset, which has negatively impacted gold.
OANDA:XAUUSDShort
by Trader_LinaScalping
2
Update gold today!Dear traders! During the Asian session on Monday, gold is attracting some buyers, aiming for the $2,900 level. Geopolitical uncertainty surrounding the Russia-Ukraine conflict continues to support the precious metal while putting pressure on the US dollar, further aiding gold’s short-term recovery. However, from a technical perspective, gold remains below the EMA 34 and EMA 89, indicating that the bearish trend is still in control. The key resistance zone at $2,892 - $2,895 could be a crucial area where sellers re-enter the market. If gold fails to break above this level, we may see a renewed downward move, reinforcing the dominance of the bears.
OANDA:XAUUSDShort
by Trader_LinaScalping
USDJPY Short Idea - 4H ChartThe USDJPY pair is currently facing resistance at a key supply zone near 150.90 - 151.10, aligning with previous structural resistance and a 200 EMA rejection. The price recently made a lower high within a downtrend, indicating further bearish momentum. Trade Setup: 🔹 Entry: Look for bearish confirmation in the 150.90 - 151.10 supply zone. 🔹 Stop Loss: Above 151.20, beyond recent highs to avoid stop hunts. 🔹 Target: The next demand zone around 148.80 - 149.00, a key support area tested previously. The bias remains bearish as long as price stays below the 200 EMA and fails to break the resistance zone. A rejection from this level could lead to a continuation of the current downtrend. 📉 Watch for: Rejection patterns, bearish engulfing candles, or confirmation from lower timeframes before entering a short position. 🔔 Stay patient and manage risk accordingly! 🚀
Short
by SanchoAT
GOLD XAUUSD BEARISH TREND START?Gold (XAU/USD) – 4H Chart Analysis Current Price: 2,871.620 T O J O I N MENTORSHIO OR S I G N A L G R O U P WT APP + 9 2 3 1 0 5 3 9 6 7 3 1 Technical Outlook: 🔸 Market Structure Shift (MSS): Price has broken below key support, indicating a bearish shift in market structure. 🔸 Resistance Zone: A strong resistance area is marked between 2,880 – 2,900. If the H4 candle closes bearish in this zone, it presents a short-selling opportunity. 🔸 Sell-Side Liquidity Target: First Target: 2,831.886 – A key liquidity zone where price may seek orders. Final Target: 2,773.373 – The next major sell-side liquidity range where further downside is possible. Trade Setup: 🔻 Short Entry: Around 2,880 – 2,900, if price shows bearish confirmation. 🎯 Take Profit Levels: TP1: 2,831.886 TP2: 2,773.373 🛑 Stop Loss: Above 2,905, to protect against fakeouts. Conclusion: The market is bearish, and a short position can be considered if the H4 candle closes bearish within the resistance zone. The targets are well-defined within the sell-side liquidity range, making this a high-probability trade setup. 📉 Watch for price action confirmation before entering!
OANDA:XAUUSDShort
by naumanfx_
USOIL: Wait patiently for the price of $73Compared with other products, the current trend of crude oil is relatively stable. The lower support is starting to form, which is in line with my analysis. It is rising slowly. Below the price of $70 is still a suitable buying opportunity. If you have already placed a buy order, you can patiently wait for the price range of $71.5 to $73. Today's trading strategy for crude oil: USOIL:buy@69-69.5 TP:71.5-73 Currently, the account with an initial amount of 40K has reached 200K. In March, I will make a profit of one million, and I will share my daily trading orders. You can copy my orders for trading. Click on the link below the article to obtain the relevant information.
TVC:USOILLong
by Kill_the_dealer
Bullish continuation?The Loonie (USD/CAD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance that lines up wit the 61.8% Fibonacci retracement. Pivot: 1.4348 1st Support: 1.4239 1st Resistance: 1.4537 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.
Short
by ICmarkets
USD/CHF | Channel breakdown bullish Retest of high chance Easy?📉 USD/CHF Price Forecast: Bearish Breakdown & High-Probability Trade Setup 📉 The USD/CHF bullish channel has officially broken down, confirming a strong bearish momentum This breakdown signals a shift in market structure with price action moving into a major selling zone With a fair value gap (FVG) and key retest levels traders should focus on ideal short entries within a critical price range before further downside continuation 🔥 Key Trading Levels & Setup: 📌 Retest Entry Zone: 0.9050 - 0.9100 🎯 Target Points: ✅ 1st Target: 0.8900 ✅ 2nd Target: 0.8830 ✅ 3rd Target: 0.8750 📊 Technical Confirmation: 🔹 EMA 50 → Confirms a bearish trend shift acting as dynamic resistance 🔹 Channel Breakdown → Indicates strong selling pressure from institutional traders 🔹 Fair Value Gap (FVG) & Retest Levels → Possible pullbacks before the next drop 🔹 Lower Highs & Lower Lows → Classic market structure for a downtrend 🚀 Trading Strategy: 1️⃣ Wait for a retest within the 0.9050 - 0.9100 zone to confirm market rejection. 2️⃣ Look for bearish candlestick formations (e.g bearish engulfing, shooting star). 3️⃣ Enter a short position with a controlled stop loss above the retest zone. 4️⃣ Follow risk management – maintain a strong risk-reward ratio. 5️⃣ Target the downside levels step by step while adjusting stop-loss for profit protection. 🔴 Risk Management is Key: Always set stop losses and avoid over-leveraging. 📢 Follow the Rules & Trade Smart! 🔔 Like Comment & Follow for real-time market insights expert trade setups, and profitable trading strategies! Let’s trade smart and stay ahead of the market!
Short
by James_Mindset
2
SUIUSDT zone @3.2500 H1 chart analysisThis is a SUI/USDT 1-hour chart from TradingView. Key Observations: Downtrend Line: The chart shows a downward trendline indicating previous bearish momentum. Resistance Zone: Price is approaching or has touched a resistance zone. Lower High Formation: Confirming a bearish structure. Pullback & Continuation: A possible pullback has been marked, suggesting a continuation of the trend. Projected Price Movement: Two possible scenarios: 1. A slight bullish move before reversing downward. 2. A direct drop in price after rejection. Suggested Post: 🚨 SUI/USDT TRADE ALERT 🚨 📊 Chart Analysis: 🔹 Trend: Downtrend with resistance rejection 🔹 Key Resistance Zone: Marked on the chart 🔹 Possible Move: Price may face rejection and continue downward 📉 🎯 Sell Entry:3.2500 Around resistance ✅ Targets: TP1: 2.900 TP2: 2.700 TP3: 2.6500 ⚠ Risk Management: Always use stop loss! #Crypto #Trading #SUIUSDT #SellSignal #TechnicalAnalysis Would you like any modifications before posting?
Short
by Geroge_Fx
Heading into 61.8% Fibonacci resistance?The Aussie (AUD/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support. Pivot: 0.6313 1st Support: 0.6144 1st Resistance: 0.6401 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.
Short
by ICmarkets
Potential bullish rise?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance level. Pivot: 68.82 1st Support: 66.66 1st Resistance: 73.03 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:XTIUSDLong
by ICmarkets