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Gold bullish trend remains unchangedGold surged and then fell back, with the highest price rising to 3167, but then the price fell back and gave up all the gains, falling to 3116. The daily line just touched the 5-day moving average support. As long as the 5-day moving average support is not broken, the short-term will continue to rise strongly. According to this momentum, we can see 3200 points in the non-agricultural data. However, one point worth noting at present is that the hourly MACD indicator has a dead cross signal. Coupled with the surge and fall of gold, the K-line has formed a combination of Yin and Yang, suggesting that the risk of high-level selling pressure is increasing. Once it falls below the key position of 3100 below, the market will be completely controlled by the bears. The current bullish structure of gold has not changed. The key support for the long-short watershed below is still 3100. Above 3100, the strong bullish idea remains unchanged. Short-term operations rely on 3100 for defense, and pay attention to the resistance of the 3140-45 area above.
PYTH:XAUUSDLong
by GladysEmily
Gold is trading sideways at a high level! Trend analysisGold is currently continuing to fluctuate along the short-term moving average in the daily trend, and the current price is supported around 3100. In the 4-hour level trend, the short-term moving average is basically in a state of adhesion and flatness. The K-line has insufficient downward momentum in the short-term trend after the continuous lower shadow line. We should pay attention to the possible sideways shock repair and the secondary upward trend after the technical pattern repair. Gold has not broken through the intraday high and continues to be mainly high-altitude. On the whole, the short-term operation strategy for gold today is recommended to be mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The short-term focus on the upper side is 3138-3140 resistance, and the short-term focus on the lower side is 3100-3110 support. Strategy reference: Short order strategy: Strategy 1: When gold rebounds around 3138-3140, short (buy short) in batches, 20% of the position, stop loss 6 points, target around 3120-3110, break to see 3100 line; Long order strategy: Strategy 2: When gold pulls back to around 3100-3103, long (buy long) in batches, 20% of the position, stop loss 6 points, target around 3110-3120, break to see 3130 line;
FOREXCOM:XAUUSDShort
by MarjorieMatthew
Gold is rising strongly, is it one step closer to 3200?Gold has risen sharply again, and the current surge has reached the 3167.5 US dollar line! Gold continues to be bullish and long, and there is still room and demand for further increases! It is not easy to operate at present. The resistance is the intraday high, and a small stop loss is needed to be short. In terms of short-term operation ideas for gold, it is recommended to mainly short on rebounds and supplemented by long on pullbacks. The short-term focus on the upper resistance of 3138-3140 is the focus, and the short-term focus on the lower support of 3100-3110 is the focus. Strategy reference: Short order strategy: Strategy 1: Short (buy short) two-tenths of the position in batches near 3175-3178 of gold rebound, stop loss 6 points, target near 3155-3145, break to see 3140 line; Strategy 2: Long (buy up) two-tenths of the position in batches near 3138-3140 of gold pullback, stop loss 6 points, target near 3160-3170, break to see 3180 line;
FOREXCOM:XAUUSDLong
by MarjorieMatthew
1
AUDUSD Technical Analysis! SELL! My dear friends, My technical analysis for AUDUSD is below: The market is trading on 0.6377 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.6324 Recommended Stop Loss - 0.6403 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
DOTUSD: There is no better buy entry than this.Polkadot has been inside a huge Rectangle pattern since the October 19th 2023 Low that created the S1 Zone, a wide consolidation pattern whose top is the R1 Zone. The 1D RSI is already on a HL bullish divergence, identical to both prior bottom formations on the S1 Zone. Since the 1D MA50 has already been breached, we estimate that the price will start the new bullish wave soon. There is no better buy entry than the current level. Aim for the bottom of the R1 Zone (TP = 11.500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:DOTUSDLong
by InvestingScope
1
USD/JPY Bullish Reversal: Order Block & EMA 200 TargetSMC Trading point update This chart presents a technical analysis of USD/JPY on the 1-hour timeframe. The key insights from this analysis are: 1. Order Block & Potential Reversal The price has dropped significantly and reached a highlighted order block zone (a key demand area). A potential inverse head and shoulders pattern is forming, indicating a possible bullish reversal. 2. Expected Bullish Movement The price is expected to bounce from the order block, creating a bullish structure. The projected move suggests a retracement toward a resistance zone, which aligns with previous price action. Mr SMC Trading point 3. Target Zone & EMA 200 The target zone is around 148.946 - 149.178, aligning with the 200 EMA, a significant resistance level. 4. RSI Indicator The RSI is currently low (~38.93), indicating potential for a reversal as the market may be oversold. Conclusion The chart suggests a bullish retracement after the recent drop, targeting the resistance zone near the 200 EMA. However, confirmation is needed (e.g., bullish price action, volume increase) before taking a trade. Keep an eye on fundamental news that may impact USD/JPY volatility. Pales support boost 🚀 analysis follow)
Long
by SMC-Trading-Point
USOIL: Key Levels and Bullish Prospects Amid Trade War ConcernsGood morning Traders, Trust you are doing great. Kindly go through my analysis of USOIL. USOIL is currently experiencing market imbalance due to the nature of its opening range, following a gap-down decline last night in response to trade war concerns that have fueled recession fears. The price dropped from its weekly high of 72.22 to a key support zone at 69.00, which is near the week's low. As we anticipate the release of the ISM Services PMI at 3 PM GMT+1, I expect the demand zone to hold, driving the price higher—initially to fill the gap and subsequently toward the 71.35 region. Furthermore, this outlook is strengthened by the formation of a bullish Bat pattern on the M30 chart. The key levels I will be monitoring for potential price action include the previous week's high at 70.10, the five-week high at 70.62, and the 71.35 region. These areas represent significant resistance levels that could be tested as price moves upward. A break below 68.80 will invalidate this outlook. Cheers and Happy trading.
TVC:USOILLong
by Samuel124
BTCUSDThis chart shows Bitcoin (BTC/USDT) on a 1-hour timeframe, with several key levels identified and a potential bullish continuation setup. Here's a breakdown of the chart and its components: Key Observations: 1. Price Channel: - The price is currently moving within an ascending channel between 82,579.97 (lower boundary) and 85,576.69 (upper boundary). The price has been respecting these boundaries, making higher highs and higher lows. The channel indicates a bullish trend, and if the price continues within this structure, it could aim for the upper boundary near 85,576.69. 2. FVG (Fair Value Gap): - There is an FVG (Fair Value Gap) identified between 83,200 and 83,626.01. FVG represents a price imbalance where the market may return to fill the gap. The gap is likely to act as support on any retracement, providing a potential buying opportunity before the price continues upward. 3. Support Level: - The support level is around 82,579.97, which is the lower boundary of the ascending channel. If the price retraces to this level, it may find support and bounce back upward, respecting the channel's structure. 4. Order Block:- The order block is a significant level identified at 87,075.05. This level is likely to act as resistance, and if the price approaches it, there could be selling pressure, which may result in a price pullback or rejection. 5. Target: - The target for this setup is set at 85,200, which is within the FVG area. The price is expected to continue its bullish move towards this level, potentially filling the FVG gap and testing the upper boundary of the channel. This target is based on the current bullish trend and the price's movement within the ascending channel. 6. Volume: - The volume bars show increasing activity as the price rises, which indicates strong buying interest. However, as the price reaches near the upper boundary of the channel, the volume decreases, suggesting that the buying pressure is weakening. If the price tests the FVG gap, it could act as a reversal point before another leg higher. Potential Scenarios: 1. Bullish Continuation:
Long
by Joan_Pro_Trader
USDJPY Is Going Up! Buy! Please, check our technical outlook for USDJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 146.824. Considering the today's price action, probabilities will be high to see a movement to 149.538. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Gold's upper resistance appears, trend analysisGold has recently shown a strong upward offensive, and the daily line has been rising continuously, showing an upward trend. What gold needs to pay attention to is that the end of the rising market is not determined by the high point, but by the breaking of the key support level. The current upper resistance is at 3148-3152, and the lower support is at 3122-3117. It is recommended to rebound high and short as the main, and low and long as the auxiliary. Gold strategy: long at 3127/28, stop loss at 3120, target 3140-3145; if 3145 is not broken, short on rallies and then look back to around 3130-28.
OANDA:XAUUSDLong
by MarjorieMatthew
GOLD short-term intraday analysisThe central bank's continued gold purchases, rising risk aversion and relatively low real interest rates will continue to attract funds into the precious metals market. Gold prices fell on a new profit-taking as traders chose to cash out before the release of the crucial US NFP employment data. Given the increased risk of recession, the NFP data will help provide more clues to the Fed's interest rate outlook. The volatility of gold is really getting bigger day by day, with a single-day fluctuation of several hundred US dollars. The decline is always faster and more fierce than the rise. After breaking the 3100 dividing line, it accelerated downward. Yesterday's lowest was 3054. The key position below is 3033/3054. Note that you can also participate in long positions at key support positions under the plunge, but you must be patient and wait for the position. The gold 1-hour moving average still shows signs of turning downward, but the rise of gold in the US market did not allow the gold 1-hour moving average to enter a dead cross pattern. Although gold bulls rebounded strongly, it was also stimulated by risk aversion news. However, gold continued to fall after rising, and gold began to return to volatility. In the short term, gold is supported near 3078! Now that gold has fallen below the support near 3100 again, the gold bears are still more dominant in this tug-of-war. Today is the NFP data day. Overall, the impact of the NFP data is expected to be eclipsed. More importantly, the stimulus of risk aversion news. Key points: First support: 3085, second support: 3078, third support: 3054 First resistance: 3120, second resistance: 3135, third resistance: 3167 Operation ideas: Buy: 3078-3082, SL: 3068, TP: 3100-3110; Sell: 3132-3135, SL: 3144, TP: 3110-3100;
TVC:GOLDShort
by Jun-GoldAnalyst