#XAUUSD: On the way to $2800! 600+ Pips Swing Buy**XAUUSD: 1-Hour Chart Analysis**
Hello Traders,
Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character.
The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signaling a strong bullish sentiment. Traders with open buy positions may consider holding them.
Best of luck and trade safely.
Community ideas
SOLANA more gain Hello and greetings to all the crypto enthusiasts, ✌
The previous analysis I shared with you effectively and accurately hit our Saudi target, providing us with valuable insights. Now, I would like to present a new analysis regarding this stock. As you can see on the chart, I’ve marked the critical points using trendlines this time. These trendlines function similarly to support and resistance levels, helping us better understand potential price movements. 📚💡
In addition to the trendlines, I have identified the most important daily support level, which plays a crucial role in our analysis. It’s important to note that while we may see some short-term candles either ranging or moving downward, indicating possible fluctuations in the price, our main focus remains on the upward trajectory. 📚🎇
The primary target we’re aiming for is still bullish, reaching towards the price point that is clearly indicated on the chart. Monitoring these levels closely will allow us to make informed decisions as we navigate potential market changes. 📚✔
🧨🧨 Our team's main opinion is The new analysis indicates an upward target for the stock, supported by trendlines and a key daily support level, despite potential short-term fluctuations. 🧨🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
SUI roadmap (1D)It seems to be forming a bullish diametric since SUI was listed on the exchanges.
According to each wave of this diametric, such a movement is expected from SUI.
We have two demands in which we are looking for buy/long positions.
For medium-term buy, low demand is suitable.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
XAU/USD Market Dynamics Unveiled Analysis for October 29-31Wyckoff Structure and Market Analysis
The chart illustrates the Wyckoff Distribution with phases A, B, C, and D, each representing distinct price movements and volume dynamics according to the Wyckoff methodology. Phase A highlights the initial Preliminary Supply (PSY) and the Automatic Rally (AR) levels, indicating the onset of selling pressure and potential exhaustion of upward momentum. In Phase B, characterized as the consolidation phase, the Buying Climax (BC) and Secondary Test (ST) establish the trading range boundaries, with the Upthrust (UT) acting as a false breakout. Phase C typically marks the Spring or Upthrust After Distribution (UTAD), representing the last effort to achieve higher prices before a reversal occurs. Finally, Phase D initiates the markdown, signaling the beginning of a downtrend.
Key price levels in this analysis include a major Resistance Line at approximately 2,758.525, which the price has struggled to surpass, and a Support Line around 2,716.905, historically an area of demand. Current range markers indicate a Strong Invalidation Point near 2,765, suggesting that a break above this level would negate the bearish outlook, and a Weak Low of a Range (PWL) at 2,740.640, marking the lower limit of potential re-accumulation or distribution.
In terms of wave analysis, the chart depicts a 5-wave structure in line with Elliott Wave Theory, indicating an impulsive move. Each wave is sequentially marked, displaying initial bullish momentum, with Wave 5 culminating at the peak of the distribution phase. Following the impulsive 5-wave move, a corrective a-b-c pattern suggests a potential downward correction. Smaller sub-waves within each major wave indicate minor price fluctuations, with the note “NO TRADES ABOVE” around 2,758 marking a crucial resistance level confirming a bearish bias.
Key signals, such as the Change of Character (CHoCH) marked during the transition from Phase A to Phase B, indicate initial weakness in the upward trend. The Market Structure Break (MSB) visible in Phase C signifies the conclusion of the upward structure and the potential onset of a downtrend.
The analysis also highlights supply and demand zones. The Supply Zone at 2,758.525 represents where selling pressure overtook buying interest, while the Demand Zone (AR Distribution) at 2,716.905 historically provided demand that could either support prices or be breached in a downtrend.
In terms of trade setup and triggers, there is a sell setup noted with “OPEN SELL ABOVE BUY BELOW” around 2,740, suggesting a sell signal if the price breaks below this level. A critical Weekly Close (W Close) is marked in red near 2,716, as a close below this level would confirm further downside.
Projected price movement is indicated by red lines and anticipated downward movement, with labels like i, ii, iii, iv, v denoting expected minor waves within the projected downtrend. Minor resistance during the downtrend is identified around 2,740, with support areas during the decline at 2,716 and potentially lower levels if further distribution occurs.
The analysis includes significant high and low points in the distribution process. The Preliminary Supply (PSY) marks the initial high before Phase A distribution, while Buying Climax (BC) and Upthrust (UT) indicate peak points in Phase B. Additionally, levels that acted as support, such as 2,716, may become resistance if the price breaks below them.
Regarding timeframe and events, various date markers, including October 29, 30, and beyond, provide an estimated timeline for each phase and price movement, alongside indicators for major economic events such as FOMC and NFP that could affect price dynamics.
In summary, this chart outlines a complex interaction between Wyckoff Phases and Elliott Wave Theory, indicating a Wyckoff Distribution pattern that suggests a bearish outlook. The completed Elliott Wave impulse indicates a corrective wave is currently in progress, with key Resistance around 2,758 and Support around 2,716 acting as critical decision points. A Sell Trigger at 2,740 is noted, with confirmation of a bearish outlook contingent upon a weekly close below 2,716.
Additionally, potential harmonic patterns have been identified, including a Bearish Butterfly Pattern and a Bearish Gartley Pattern, aligning with the anticipated bearish reversal. The Bearish Butterfly Pattern consists of an XA Leg from 2,685 to 2,758, an AB Leg retracement to around 2,734, a BC Leg upward extension potentially reaching the 1.272 to 1.618 Fibonacci extension of XA, and a CD Leg aligning with a reversal zone below 2,716. The Bearish Gartley Pattern suggests a retracement from the Tuesday high of the week, where the final price point aligns with support between 2,685 to 2,700. A key harmonic confluence occurs around the 2,758 reversal zone, where both harmonic patterns converge as a high-probability area for bearish entries, targeting down to 2,685.
Following the ICT Weekly Template, the high of the week is anticipated to form on Tuesday or Wednesday in a bearish outlook, establishing a peak before a decline. The projected Tuesday high around 2,758 serves as an optimal area for confirming the week’s high and a trigger for bearish trades. A stop-loss could be placed just above this high or slightly above the strong invalidation point at 2,765 to manage risk. The ideal scenario involves a push to this Tuesday high, confirming it as the week’s peak and triggering bearish positions.
Once Tuesday's high is established, a downward movement is expected on Wednesday and Thursday, aligning with the forecasted wave structure and distribution pattern. This price action should lead towards lower support zones around 2,716 and ultimately 2,685 if the downtrend continues.
In conclusion, the strategy revolves around using the Tuesday high as a sell signal, in alignment with the ICT weekly template and leveraging the Wyckoff Phase B Upthrust (UT) around 2,758 as a potential high for the week. The harmonic confluence of patterns such as the Bearish Butterfly or Gartley aligns with this level as a final reversal point. Trade management includes short positions at the Tuesday high (around 2,758–2,765) if bearish confirmation is observed, with a stop-loss above 2,765 and profit targets set at 2,716, 2,685, and potentially lower based on harmonic and Wyckoff markdown targets.
My Most Used TradingView Hotkeys!Just wanted to highlight a few of my most-used TradingView hotkeys:
ALT + H: Horizontal line – Ideal for marking round numbers or mark tight support/resistance areas. For broader S&R zones, I often use the rectangle tool.
ALT + V: Vertical line – Rarely use it, it’s handy for highlighting specific dates below the chart.
ALT + T: Trendline – Provides quick access to one of the most essential tools for analyzing long-term stock movements.
[* ]ALT + I: Invert the chart – Probably the most interesting hotkey! If you find it challenging to take "SELL" setups or tend to prefer "BUY" ideas, flipping the chart can reveal a fresh perspective. If your bias remains unchanged after inverting, it may be a solid setup for you. This can help reduce psychological biases; sometimes, just viewing it from another angle makes all the difference.
ALT + S: Take a screenshot – An easy way to share your chart with friends or colleagues.
ALT + F: Fibonacci tool – I’m using it less often lately, but it’s still there when needed.
ALT + W: Add to watchlist – Quickly adds interesting charts to your watchlist.
ALT + A: Set an alert
SHIFT + CLICK: Measure tool – Instant access to measure distances or changes on the chart.
Hopefully, this helps save you a bit of time hunting for these tools. After all, time is money!
Regards,
Vaido
World gold prices increased again, towards 2,800 USDSince the beginning of the year, gold prices have increased more than 34%, due to the conflict in the Middle East, the US Presidential election and the US Federal Reserve (Fed) reducing interest rates. Investors are currently waiting for a series of US economic data to be released this week, including the employment report and the personal expenditure price index (PCE) - the Fed's favorite inflation measure. These data may impact the Fed's interest rate decision at its meeting on November 7.
Markets currently place the probability of a Fed rate cut of 25 basis points (0.25%) next month at 98%. "Gold prices will still tend to increase, possibly even to 2,800 USD in the next few days, because the US election is still putting pressure on the market and the possibility of the Fed reducing interest rates is almost certain," Han Tan - market strategist at Exinity Group said.
🔥 XAUUSD Sell now 2778 - 2780🔥
✔️ TP1: 2760
✔️ TP2: 2750
✔️ TP3: OPEN
🚫SL: 2786
Shiba Inu (SHIB) Price Analysis: Potential Trend Breakout The recent analysis of #ShibaInu suggests a possible bullish breakout, with a "Trend Breakout" indicator on the chart. The entry point is marked by a daily close above the blue trendline, targeting levels:
Target 1 (T1): 0.00002149
Target 2 (T2): 0.00002323
Target 3 (T3): 0.00002527
According to external market predictions, SHIB is showing resilience, trading at approximately $0.000018, with analysts expecting stability around this level until year-end
GOLD - where is current support? holds or not??#GOLD.. perfect move as per our analysis and now again market at his today most important supporting area that is 2748 around.
keep close that area because if market hold it in that case a father bounce on table.
and keep in mind below 2748 can be a cut n reverse scenario on confirmation.
good luck
trade wisely
gbpaud sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
HIT TP 👇👇👇
BTC POSSIBLE ROUTE TOWARDS DECEMBER !!Sorry for the mess, what you're interested in is the purple arrow here.
We might be looking at a correction before it reaches a new top again, something like 75K in beginning December ;
Even though a lot of traders tend to think now's the time to get in for the 100K rally, we think this is more a zigzag/scalping opportunity and not a long term yet.
EURUSD 4hour RSI Bullish Divergence.EURUSD has been struggling to break above the 1day MA50 but that shouldn't take long to do so, as the 4hour RSI is on a Channel Up (Bullish Divergence) since 10 days already.
Once the 1day MA50 breaks, we expect a 1day MA200 test, followed by a pull back before the final rise.
Our target is the 0.618 Fibonacci level at 1.10400.
Previous chart:
Follow us, like the idea and leave a comment below!!
Ethena Update (Inverted Head & Shoulders Pattern Updated)This chart very interesting to update since we looked at it recently. On the chart, I drew the inverted Head & Shoulders pattern. On top of it is line depicting the neckline. We can see how the break above the pattern resulted in a rejection pushing prices below the neckline; bearish.
The RSI is showing some bearish divergence in the short-term and the current candle, which still early, is showing exhaustion.
Now, in the previous trade-idea I showed two scenarios (you can find it by visiting my profile using the search filter to find this pair):
1) Staying above the iH&S patterns would produce a bullish jump right away.
2) Moving below, as it is now, would activate the second scenario with the red arrow follow by the blue one.
I added a second resistance line (green) that would need to break for Ethena (ENAUSDT) to move higher and grow. Based on current market conditions, it seems we have the second scenario, a drop before additional growth.
Patience is key.
There will be strong and clear signals when the bottom is in.
Namaste.
GBPUSD Buy zone outlook, Trend reversal pattern (Read captions)GBPUSD Price Forecast 🚀
OANDA:GBPUSD
GBPUSD has broken out of the downtrend and formed an inverted head & shoulders pattern. Buying volume is on the rise, and a 200 EMA & 50 EMA golden crossover indicates a strong buying zone. After breaking and retesting resistance, it’s primed for a bullish move.
Trade Setup:
Entry: 1.3020
Target 1: 1.3060
Target 2: 1.3170
Stop Loss: 1.2980
Soon Gold Fall again in the zone of 2710_2720We've identified a triangular pattern in gold's price movement, with consistent respect for established support and resistance levels. As previously forecasted when gold was at $2715, our analysis indicated a potential all-time high (ATH) around $2780, which is now within reach. Investors are advised to consider opening sell positions within the $2775-2780 range, with a recommended stop-loss at $2790 and take-profit at $2720
Dogecoin has just started!Dogecoin's potential growth to $1 is a topic of much debate within the cryptocurrency community. While it's impossible to predict the future with certainty, there are factors that could contribute to such a rise. Increased adoption and utility, particularly through partnerships and integrations, could drive demand and propel the price upwards. A growing community and increased media attention can also fuel enthusiasm and further boost adoption. Additionally, a shift in the macroeconomic environment, perhaps driven by inflation concerns or increased interest in alternative assets, could incentivize investors to seek out meme coins like Dogecoin.
However, several challenges could hinder Dogecoin's path to $1. Its inherent lack of real-world utility and its meme-based origin could limit its appeal to serious investors. Furthermore, a highly volatile market and potential regulatory uncertainty might create obstacles to sustained growth. Ultimately, achieving a $1 price point would require a significant increase in adoption, utility, and market capitalization, and whether it will be successful remains a matter of speculation.