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XauUsd- New day, new ATH?So far, April has been the month for OANDA:XAUUSD , with the yellow metal setting a new all-time high each day. (Even on April 4th, despite a red day candle, we observed an all-time high on an intraday basis.) Even though the upward move appears overextended and a strong correction seems imminent, there are no indications suggesting we are on the brink of it at this point. From a technical standpoint, the structure remains strongly bullish, and as long as the 2330-2335 zone remains intact, even short-term charts maintain a strong bullish sentiment. In conclusion, I anticipate another all-time high, and only a drop below 2320 would hint at a potential top forming, at least for the time being. However, bulls should exercise caution with stop losses, as a correction in XAUUSD could potentially be deep and aggressive.
OANDA:XAUUSDLong
by Mihai_Iacob
7
Eth established strong floor. Rise to 4k next?Like the entire crypto market, BITSTAMP:ETHUSD has initiated a much-needed correction since mid-March. After an initial dive to the 3k zone, Ethereum recovered and made a local high at 3.6k. Subsequently, another drop occurred, but bulls held strong at the 3.2k zone, establishing a solid floor. At the time of writing, the price is near 3.4k, and bulls appear to be in control. I anticipate a continuation to the upside, with a new test of the 4k resistance level. I will maintain my bullish stance as long as the price remains above 3.2k in terms of daily closing.
BITSTAMP:ETHUSDLong
by Mihai_Iacob
1
XAUUSD: Will NFP Shift the Tide?In my post from yesterday, I mentioned the possibility of a correction for $OANDA:XAUUSD. In a subsequent update, I emphasized that while such a correction was likely, traders should consider selling after a new spike above 2300. Indeed, the price did spike above this level once more, only to drop by 400 pips afterward, precisely to the significant support at 2266. Now, the question arises: Is the correction for Gold over? The Non-Farm Payrolls (NFP) report could provide some clarity on this matter. With the expectation that 200k new jobs will be added, we have two potential scenarios: 1. A NFP significantly better than expected could result in a break below the important 2266 support, in which case, the range of 2220-2225 would come into play. 2. Conversely, if the NFP meets or falls below expectations, we may see a continuation of the uptrend, pushing the price above 2300 and forming a strong support level at 2266. From a technical perspective, there's currently nothing indicating a deviation from the medium-term bullish trend and bulls seem to have established a strong support level at 2266. P.S: I'm out of the market at this moment, but, my gut feeling tells me an in line with expectation NFP and a continuation to the upside. I will update the idea after the announcement. Regards! Mihai Iacob
OANDA:XAUUSDLong
by Mihai_Iacob
8
Gold- Profit taking could lead to correctionIn my post from yesterday, I pondered whether the bulls still possessed the strength to drive the price to the psychological level of 2300, and indeed, they did. Following a brief intraday dip, precisely to the 2267 support level mentioned in yesterday's analysis, buyers swiftly regained control and, as anticipated, propelled the price to 2300. However, at this point, I believe the ascent has become overextended, and a correction appears imminent. From a technical standpoint, the recent upward movement has formed a rising wedge pattern (though it remains unconfirmed). This, coupled with the high likelihood of profit-taking commencing, suggests a correction is likely, potentially bringing the price down once more to the 2250 zone. Furthermore, in the event of a more aggressive correction, we may even witness the price dropping to the pattern's target of the 2220 zone. In conclusion, I am considering selling.
OANDA:XAUUSDShort
by Mihai_Iacob
Gold- Will it "see" 2.3k today? Yesterday, after initially rising to 2277, the price began to correct. Following an initial drop to support, bulls regained control during the US session, closing the day with yet another all-time high for $OANDA:XAUUSD. During the Asian session last night, once again, the initial drop was met with strong bids, leading to a quick price recovery. These occurrences signal significant buying power and suggest a high likelihood of an upward continuation. From a technical standpoint, as long as the price remains above yesterday's low of 2250, bulls need not worry, and the strategy of buying dips should persist. Interim support is situated at 2277, followed by the important level of 2267.
OANDA:XAUUSDLong
by Mihai_Iacob
9
Gold- Is the correction over?In my post from yesterday regarding OANDA:XAUUSD , I mentioned that while a correction is possible, it should be viewed as a buying opportunity to align with the overall bullish trend. Indeed, after a brief consolidation and a test above 2260, Gold experienced a rapid drop to the 2230 zone. However, it quickly reversed course and closed the day with a new all time high in terms of closing, at 2250 Interestingly, yesterday's intraday correction halted precisely at the previous all-time high and Friday's closing price. This could be interpreted as a test of this resistance turning into new support. In conclusion, as long as the 2230 zone remains intact, I am inclined to buy dips.
OANDA:XAUUSDLong
by Mihai_Iacob
5
GbpUsd could drop to 1.23Since the beginning of December last year, FX:GBPUSD pair has been trading within a range bounded by 1.25 and 1.28. In early March, the pair experienced a break above the upper range boundary. However, this break ultimately turned out to be false. After returning to the familiar range, the pair formed a significant bearish engulfing pattern on March 21st. Following a few days of consolidation, it is currently trading back at support. Considering that pairs tend to break on the opposite side after a false break, coupled with the significant bearish movement on March 21st, I anticipate the next move will be a break of support. In conclusion, I am looking to sell rallies in anticipation of this break, with a target around 1.23.
Short
by Mihai_Iacob
Gold- Where to buy and join the ride?With March ending on a new all-time high at 2233, the first day of April brought about another surge of 300 pips, leading to the question: is it time to sell? To be honest, there's no easy answer to this question. Since last Monday, OANDA:XAUUSD has indeed risen by more than 1,000 pips, and a correction could occur at any time. The main issue lies in determining where to place a stop. After all, who's to say it couldn't rise another 1,000 pips before correcting? In my opinion, it's better to wait for a correction and then join the trend once it's over. A suitable entry point could be found between 2220 and 2200. However, if you're determined to sell during this strong upward movement, it's advisable to wait for a reversal candle on the H4 chart(at least) to establish a suitable stop-loss level. Only then should you target the aforementioned zone.
OANDA:XAUUSD
by Mihai_Iacob
6
BTC- I'm still bullish but with some cautionIn my analysis of BITSTAMP:BTCUSD yesterday, I mentioned my expectation for a new all-time high from Bitcoin in the near future. However, during yesterday's trading session, the price once again failed to surpass the 72k mark, raising some doubts about my outlook. Firstly, after breaking above the 68k zone and retesting it, I anticipated a new local high. However, this didn't materialize. Secondly, the rise from 62k wasn't as impulsive as one had wanted. Considering these factors, while I remain bullish in the short term, I am closely monitoring the 68-70k zone. If we break below 68k, we can expect a continuation of the downward move, possibly even testing the support zone at 62k again.
BITSTAMP:BTCUSD
by Mihai_Iacob
12
Gold- New ATH this month? Analysis and SpeculationsI've written many posts and made videos expressing my belief that XauUsd will reach a new all-time high (ATH) this year. Now, the question is, will it start with all-time highs this month? In my opinion, it will. But let's begin with why I'm quite certain that Gold will reach an ATH this year. It's relatively straightforward when you examine the monthly chart. You don't need to be a technical analyst to see that the trend is clearly upward. We witnessed a major false break to the downside at the end of 2022, and since then, despite normal corrections, the price has consistently made higher lows. The monthly candle that just started broke above the technical resistance from 2070. Of course, anything is possible, but in my view, the chances of a long-term reversal are pretty low now. To clarify, I'm referring to a reversal in the long term, not just corrections. Now, regarding the next all-time high this month, I'll speculate a bit. Looking at the same monthly chart, the reversal from November 2022 had 1600 pips, representing a rise of 10%, the second reversal from March 2023 had 2000 pips, which represents 11%, and the third and last monthly reversal candle had 1900 pips, which is also 11%. So, we can speculate that this month's candle will also rise by around 10%. Calculating this at the current price, we have around 2000 pips. With the month starting at 2040, we reach 2240. Moreover, if we consider that the reversal actually started at the bottom of last month's Pin Bar, which is at 1980, and add 2000 pips, we also arrive at 2180, which is also an ATH. In conclusion, while I don't have a crystal ball, I expect an ATH this month. However, more importantly, I WILL NOT SELL INTO THIS RALLY, ONLY BUY ON DIPS. Best of luck! Mihai Iacob
OANDA:XAUUSDLong
by Mihai_Iacob
66
RH Options Ahead of EarningsIf you haven`t sold the top on RH, for that fantastic 12.75X gain in the options chain: nor bought the dip here: Then analyzing the options chain and the chart patterns of RH prior to the earnings report this week, I would consider purchasing the 310usd strike price in the money Puts with an expiration date of 2024-3-28, for a premium of approximately $21.85. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:RHShort
by TopgOptions
1
Gold- It will break 2.2k?In my Monday analysis, I emphasized that as long as the price of OANDA:XAUUSD remains above 2150, its bullish momentum persists, potentially leading to another test of 2.2k. True to this forecast, the price adhered to the pattern, briefly dipping during Monday's session, only to retest the 2.2k mark again yesterday. Currently, the price stands at 2190, suggesting an imminent attempt to breach the 2.2k level once more. My strategy moving forward continues to be buying on dips, as I anticipate a new all-time high.
OANDA:XAUUSDLong
by Mihai_Iacob
GBPCAD BUY | Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
Lingrid | GOLD Market Weekly OUTLOOKThis week the price of OANDA:XAUUSD made ATH and went down, as I predicted in my last weekly forecast . Clearly, gold prices are under downward pressure. The strength of the CAPITALCOM:DXY often moves in the opposite direction to gold, making it less attractive when the dollar is strong. The recent false breakout of the resistance zone in gold price action, as well as the bearish RSI divergence, point to potential weakness in the future. However, it is important to keep an eye on market movements, as things can change quickly.  On the weekly timeframe, we have a huge long-tailed bar that shows that the price took liquidity above previous resistance and fell below it. An important thing to keep in mind is the previous week's low. If the price breaks below this level, we might have a bearish move towards the strong support at 2100. Another scenario can be a retest of the 50% retracement level of the weekly candle and then move downwards. On the daily timeframe, basically, we have pretty much the same picture: a long-tailed bar and price/time symmetry double top, except for the long tail with divergence, as I mentioned above. This implies there is a possibility of gold prices falling towards the 2100 level, which was previously considered a strong resistance. Overall, I expect a pullback because the market seems overextended. Alternatively, the market may just move sideways. It is important to remain cautious and adaptive in the face of market volatility in the next week, as we all know trends do not always follow a linear path.  Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
14
Alikze »» MINA | Pullback to dynamic trigger is brokenIn the daily time, after the failure of the dynamic trigger and the support in the green box range, it has already tried to break the neckline several times, which it has not succeeded in breaking so far. But according to the structure that created higher floors and pits facing up, a triangle corner pattern was also formed. If the fake break occurs from the bottom and is supported in the green box range, it will have the ability to continue to the next supply area. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
6