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Parallel Channel

Gold Hits Key Support – Reversal Ahead or More Fall?Gold ( OANDA:XAUUSD ) has entered a Correction phase after losing its ascending channel . Now, if you are in a Short position , this post will help you know where to take profit on your position or if you are looking for a Long position for gold , what area is suitable . Gold is approaching an important Support zone($2,956-$2,917) that I don't think can be broken within a first attack . What do you think? In terms of Elliott waves , Gold appears to be completing a bearish wave 5 , which appears to be able to complete at the Support zone($2,956-$2,917) . I expect Gold to start rising again from the Support zone($2,956-$2,917) and to at least rise to $3,000 again and get close to the Resistance zone($3,058-$3,021) . It is likely to fall again after this move . In your opinion, has Gold started a major correction, and to what price can this correction continue? Note: If Gold can touch $2,890, we can expect further declines. Note: Because the downward momentum is currently high, it is likely that wave 5 will also complete near $2,913, and we will see a fake break of the Support zone($2,956-$2,917). Gold Analyze ( XAUUSD ), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
7
Can $DOGE Still Leapfrog $BTC...?The original thesis has not yet been invalidated, only pushed farther into the future. The historical pattern is still there, and the reversal is part of it. Does that mean DOGE will definitely flip BTC to the extreme upside? Not necessarily. But the two hypothetical trend lines will not validate/invalidate until DOGE begins to flip BTC more aggressively. Then we'll know for sure by how much it flips BTC. DYOR, STFU, Praise the Lord, and Pass the Ammunition.
Long
by mineyourbiz
GOLD → Rising economic risks could push the price upwardFX:XAUUSD closed inside the range 2970 - 3060 and has all chances to strengthen as the situation between the USA and China is only getting hotter, which creates additional risks. Gold continues to rally from its recent low of $2,957, back above the $3,000 level amid a weaker dollar and a pause in rising US bond yields. The market is reacting to escalating trade tensions between the US and China, including the threat of new 50% tariffs and possible countermeasures by Beijing. Strengthening expectations of Fed rate cuts and recovering risk appetite also support gold's growth, but the instability of global trade policy keeps investors uncertain. At the moment the price is testing resistance at 3013 and after a small correction the assault may continue, and a break and consolidation above 3013 will open the way to 3033 - 3057. Resistance levels: 3013, 3033, 3057 Support levels: 2996, 2981 The trade war and the complex, politician-dependent fundamental backdrop allows us to strategize relative to economic risk. Technically, we are pushing off the strong levels I have outlined for you. The overall situation hints that China will not just give up and Trump will not lose face. An escalation of the conflict could send gold higher. The price may strengthen from 0.5 fibo, or from 3013 Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
GBPCHF Wave Analysis – 8 April 2025- GBPCHF broke the support zone - Likely to fall to support level 1.0785 GBPCHF currency pair recently fell sharply through the support zone between the support levels 1.1000 and 1.1100. The breakout of this support zone was preceded by the breakout of the daily up channel from September. The breakout of these support levels accelerated the active intermediate impulse wave (3) from the start of August. Given the strongly bullish Swiss franc sentiment seen recently, GBPCHF currency pair can be expected to fall to the next support level 1.0785, the target price for the completion of the active intermediate impulse wave (3).
Short
by FxProGlobal
GOLD - Price can continue to decline to $2920 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price moved inside a rising channel, making higher highs and holding above support levels. Later, Gold broke resistance and continued to rise, reaching the upper boundary of the price channel. After touching $3076 zone, price turned around and exited the channel with a strong bearish impulse. Recently, it made a breakout below $3055 level and bounced from the area without a strong upward reaction. Now Gold trades below resistance zone and holds under broken channel, forming local bearish structure. In my opinion, Gold can continue to decline and reach $2920 points during the next wave down. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
12
EURO - Price can bounce from resistance area to $1.0850 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price moved inside a falling channel and showed weak activity with limited growth attempts. Later Euro made a breakout, exited the channel, and started to form a new bullish structure near resistance. After that, price made a sharp upward impulse, touching $1.1010 resistance and forming a pennant pattern. Recently, it broke the lower border of pennant and tested $1.0990 level from below, then bounced down. Now price trades under local resistance area and holds below broken trendline with weak upward attempts. In my opinion, Euro can continue to decline and reach $1.0850 support level in the upcoming sessions. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
14
Gold Has Pulled BackGold has been in an uptrend this year, and some dip buyers may see an opportunity in its latest pullback. The first pattern on today’s chart is the series of higher highs and higher lows since January. XAUUSD has dipped to the bottom of that rising channel. Will it become another higher low? Second, the pullback stabilized near the February high around 2956. That could suggest old resistance has become new support. Third, stochastics dipped to an oversold condition. Finally, the 50-day simple moving average is rising from below. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
OANDA:XAUUSD
by TradeStation
a breakdown of the 6 month channel "On the yearly chart, gold is near its trading high, and on the 6-month chart, it's near a support floor. There's a high probability of the support breaking." Here's a slightly more formal way to phrase it, which might be used in a trading context: "On the annual timeframe, gold is trading close to its resistance peak, while the 6-month chart shows it nearing a support level. The likelihood of this support being breached is quite high."
TVC:GOLDShort
by sepehrariamehr007
1
GOLD → Consolidation or continuation of the fall. 3013 triggerFX:XAUUSD is going through the strongest liquidation phase. The fall is triggered by profit-taking amid last week's strong news. Additional pressure is created by the strong NFP report released on Friday. The economic risk situation is bifurcating.... Gold prices rebounded after falling in the Asian session, consolidating the drop triggered by the intensifying trade war between the US and China. Donald Trump's comments about rejecting deals with China have heightened recession fears, raising the likelihood of a Fed rate cut. Against this backdrop, there was increased interest in gold as a protective asset, despite the rise in the dollar and bond yields. However, further strengthening of gold is questionable due to profit taking and lack of new economic data from the US. Technically, the price is consolidating under pressure against the support at 3017-3013. A descending triangle is forming on the local timeframe. Resistance levels: 3033, 3057 Support levels: 3017, 3013, 2981 Based on the current situation and strong pressure on the market, we can expect two situations to develop: 1) breakdown of support 3017 - 3013, if the structure of the descending triangle on the local timeframe will be preserved. The target will be the support of 3000, 2981. 2) Or, the price will close inside the range with the target of consolidation between 3057 - 3033 - 3013 (consolidation of forces after a strong fall and liquidation) Regards RLinda!
FX:XAUUSDShort
by RLinda
10
XRPUSDT → The bulls won't hold support. Falling to 1.9BINANCE:XRPUSDT is under pressure despite quite positive news. The coin, being in a downtrend, continues to test the key support. The chance of a breakdown is growing XRP continues to test a strong support zone on the weekly timeframe, relative to this zone, in the medium term, two scenarios can develop, which depend on the general mood in the market. If the current backdrop persists, the chance of a downside breakdown and further decline is quite high. At the moment, the focus is on the key support at 2.0637, relative to which the retests continue, and the reaction is getting weaker and weaker, which in general only increases the chances of a further fall to 1.9 - 1.63. Resistance levels: 2.265, 2.365, 2.509 Support levels: 2.0637, 1.9 The cryptocurrency market is going through bad times (Tariff War, high inflation, stock market decline, disappointment of the crypto community due to expectations) and until the situation starts to change, the technical picture will remain negative. XRP may continue its fall after a small correction. Regards R. Linda!
Short
by RLinda
23
CADJPY → Consolidation before the news. DowntrendFX:CADJPY continues to forge a downtrend, but within the current movement a symmetrical triangle of accumulative nature is forming The currency pair may continue its decline due to the strengthening of the Japanese Yen, while the Canadian is consolidating in a narrow range. The situation may be accelerated by today's news, namely Trump's speech, where he may announce new tariff measures. Technically, the price is correcting after the false break of 103.56, being below the previously broken upside support. Price is testing key resistance at 104.90, and against 0.5 Fibo is forming a false breakout. A consolidation below 104.69, a break of 104.525 could trigger further decline. Resistance levels: 104.900, 105.36, 105.74 Support levels: 104.525, 103.56 There are important news ahead, high volatility is possible, especially at the moment of Trump's speech, which may set a medium-term tone in the market. The currency pair is in consolidation on the background of the downtrend and the priority is to expect a continuation of the fall Regards R. Linda!
Short
by RLinda
2
EOSUSDT → False Breakeout of resistance (counter-trend )BINANCE:EOSUSDT.P within the consolidation distribution 0.54 - 0.6 reaches the key resistance and forms a false breakdown without the possibility of continued growth. The cryptocurrency market is showing weakness, especially after yesterday's Trump speech and the approval of new Tariffs, which creates risks and pressure on the cryptocurrency market. Bitcoin is back in the red zone after rallying, while altcoins will continue to look for a new bottom. EOS stands out in this list, which strengthened quite strongly and the purpose of this maneuver was countertrend accumulation and liquidity capture relative to the range of 0.7 - 0.8. The distribution is tempered by a false breakout of the level 0.82 - 0.86 Resistance levels: 0.82, 0.86 Support levels: 0.793, 0.666 If the bears hold the resistance 0.82 - 0.86 and the consolidation under the level will end with the breakout of the trigger 0.793 and price consolidation in the selling zone, it may provoke a reversal and fall to the zones of interest: fvg, 0.64, 0.541. Regards R. Linda!
Short
by RLinda
3
GOLD Trending Higher - Can buyers push toward 3,238?OANDA:XAUUSD is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting a potential continuation. The price has recently broken above a key resistance zone and may come back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward the 3,238 target, which aligns with the channel’s upper boundary. As long as the price remains above this support zone, the bullish outlook stays intact. However, a failure to hold above this level could invalidate the bullish scenario and increase the likelihood of a pullback toward the channel’s lower boundary. Remember, always confirm your setups and trade with solid risk management. Best of luck!
OANDA:XAUUSDLong
by TrendDiva
135
GBPUSD Wave Analysis – 7 April 2025 - GBPUSD reversed from resistance area - Likely to fall to support level 1.2700 GBPUSD currency pair recently reversed down from the resistance area between the resistance level 1.3050 (which reversed the price in October and November), upper daily Bollinger Band and the resistance trendline of the daily up channel from January. The pair just broke the aforementioned daily up channel – which should accelerate the active impulse wave 1. Given the moderately bullish US dollar sentiment seen today, GBPUSD currency pair can be expected to fall to the next support level 1.2700.
Short
by FxProGlobal
Bitcoin will grow inside upward channel to resistance levelHello traders, I want share with you my opinion about Bitcoin. Previously, the price moved inside a triangle pattern, where it faced pressure from the resistance line while holding above the lower boundary. After the breakout from this formation, BTC began forming an upward channel, signaling a shift toward a bullish structure. Inside the channel, the price reacted multiple times to the support line, especially within the buyer zone between 79600–81000 points. Every touch of this zone triggered a rebound, indicating that buyers consistently protect it. Most recently, BTC bounced again from the 81000 support level, which aligns with the lower channel boundary. This rebound shows that bullish momentum is still present, and the structure remains intact. Now, the price is stabilizing and preparing for another upward move. I expect BTC to continue rising toward the 88500 resistance level, which is both the TP1 and the upper boundary of the current channel. This level also aligns with the lower edge of the seller zone, making it a natural target for the next wave. With the price holding above key support, the confirmed channel structure, and repeated bullish reactions from the lower zone, I remain bullish and anticipate a continued move upward toward 88500 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
16