GOLD Will Remain Bullish Tomorrow As Well 100%!Hello traders,
GOLD is expected to experience a very minor correction, presenting a buying opportunity.
NO BEARISH OPPORTUNITY!
Bullish Opportunities:
We are anticipating two possible scenarios for gold prices;
Scenario 1: Gold may experience a minor downturn to the $2576-$2573 range, where we will seek confirmation and consider entering a long position.
Scenario 2: Alternatively, gold prices may extend their decline to the $2568-$2565 range. While this scenario has a lower probability due to the current buying momentum, it still presents a potential buying opportunity
Supportandresistancezones
Shall We See a Drop From Here before the bull trend continues?We don't have to Know What will Happen next to make money.
We have seen some big moves from last week, such as breaking the 2531 level and creating a new All-time High. With some major economic News in the pipeline, this week will be another one with high volatility. Let's see how Price action rolls out this week.
Note: (1) If the price breaks above 2585, we shall continue to ride the Bull trend.
(2) If we see a bearish Price action we shall join bears in their short-term drop to key support levels.
(3) Buying the dip shall be our long-term approach to keep riding with the Bulls.
TSLA / UNDER BEARISH PRESSURE - 4HTSLA / 4H TIME FRAME
HELLO TRADERS
Currently, prices are trading below the turning level at 250, which indicates a potential for downward pressure.
If prices remain below 250, it suggests a potential decline towards 214. Should prices stabilize below this level, further declines towards 194 could be expected.
However, if prices break above 250, confirmed by a 1D or 4H candle close, the market may shift to an upward momentum, potentially reaching 264 and 277. Breaking the channel at these levels would indicate the activation of an upward trend zone.
Turning Level : 250
XAGUSD / BREAKING DESCENDING CHANNEL - 4HXAGUSD / 4H TIME FRAME
HELLO TRADERS
overall , under downward pressure as long as trading below supply zone .
as long as remain below supply zone between 31.01 and 31.41 , it suggest decline to reach 30.57 , then breaking and stabilizing below it by open 4h candle expected further decline to 30.09 .
however , stabilizing above 31.41 , it indicates still continues rising to reach 31.74 and 31.96 , then stabilizing above it reach a ATH at 32.50 .
Turning Level : 31.01 and 31.41
XAUUSD / TRADING BELOW 2,572$ (ATH) - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
gold under bearish pressure if stabilizing below 2,570$ but breaking this level reach a new resistance zone between 2,580$ and 2,592$.
As long as the price remains and stabilizes below $2,570, it suggests a potential decline, with the first target being $2,551. If the price falls below this level, further downside movement could lead to a drop toward $2,531.
However, if the price breaks above the $2,570 resistance, it may initiate an upward movement, aiming for a new resistance zone between $2,580 and $2,592. This zone will act as a potential barrier to further upward momentum.
Turning Level : 2,570$
GBPUSD / TRADING BELOW SUPPLY ZONE - 4HGBPUSD / 4H TIME FRAME
HELLO TRADERS
currently prices trading below supply zone , it suggest under downward pressure.
If the price remains under 1.319, it is likely to decrease to around 1.304, with a further potential drop to 1.293. For the price to increase and reach new historical highs.
it must break through the supply zone and surpass the all-time high of 1.326. Achieving this would enable the price to rise to 1.333 and possibly even to 1.340.
Turning Level : 1.319
GBPJPY / TRADING UNDER DOWNWARD PRESSURE - 4HGBPJPY / 4H TIME FRAME
HELLO TRADERS
Current Market Analysis:
Trading below the turning level at 188.478 and within a descending channel, indicating a bearish trend.
Downward Conditions:
As long as the price remains below 188.478, the trend suggests a potential decline , If the price continues to trade below 188.478, it may decline towards support levels at 183.218 and 180.212.
Upward Conditions:
A 4-hour candle close above 188.478 would signal a potential shift in momentum , If the price breaks above 188.478 and stabilizes, it could rise towards 191.993 and, further, to 196.534.
TURNING LEVEL : 188.478
EURUSD / UNDER UPWARD PRESSURE - 4HEURUSD / 4H TIME FRAME
HELLO TRADERS
EURUSD is currently trading above the turning level of 1.099 and remains above the support trendline, indicating upward momentum. There are two potential scenarios:
The First Scenario , Since the price is trading above the turning level 1.099, it suggests an initial bullish sentiment , If the price rises and reaches the resistance level at 1.107, it indicates that the upward momentum is strong. A price movement above this level suggests further bullish potential , If the price stabilizes above 1.107 and continues rising, reaching 1.110 would confirm a sustained uptrend, as the market would have shown resilience and strength above previous resistance.
The Second Scenario , If the price falls below 1.099 and closes a 4-hour candle below it, this indicates a bearish shift as the price has broken through a support level , A decline to the support level at 1.094 would be a further bearish signal, For a confirmed downtrend, the price needs to break through the established channel and stabilize below it. This would indicate that the bearish trend is likely to continue, as the price has not only broken support but also failed to recover.
UPWARD LEVEL : 1.107 , 1.110 .
DOWNWARD LEVEL : 1.094 .
USOIL / UNDER BULLISH PRESSURE - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
currently prices trading above turning level at 78.74 , overall under bullish pressure.
In order for the price to reach 71.59, it first needs to establish a period of stabilization above two critical levels: 68.74 and 69.98. These levels act as key support zones, signaling strength in the market if maintained. Once stability is confirmed above 69.98, upward momentum is expected to build, pushing the price toward 71.59. If this bullish trend continues, the price may extend further, reaching the next target at 74.24.
However, if the price fails to hold above 68.74, it indicates weakening bullish momentum, and the market may shift towards a downtrend. In this scenario, breaking the turning level at 68.74 could trigger a decline toward 65.35. A more pronounced drop could push the price even lower if this support level is breached.
TURNING LEVEL : 68.74
NAS100USD / TRADING BELOW SUPPLY ZONE - 4H NAS100USD / 4H TIME FRAME
HELLO TRADERS
yesterday prices rising +225 pip profit currently trading below the resistance trend line may be rising into supply zone after decline to reach 19,187.
As long as the price remains below 19,954, a decline is expected, with potential targets of 19,187 and subsequently 18,688.
However, if the price breaks above 19,954, the trend is likely to shift upwards, initially aiming for 20,194 and potentially reaching as high as 20,714.
TURNING LEVEL : 19,954
“Nasdaq Continues Its Uptrend”Expectations that the Fed will implement a 25 basis point interest rate cut next week are being maintained. This situation is perceived positively for the indices. By the end of the year, a total rate cut of 100 basis points is almost certain. The CPI and PPI data suggest that the Fed might not need to cut rates as aggressively as the market had anticipated.
Technically, if the resistance level at 19,500 is permanently surpassed, the rise could gain momentum towards the 19,700 and then 19,950 resistance levels. On the downside, if the index falls below the 19,100 level, a pullback towards the support levels at 18,800 and then 18,450 might be seen.
USDJPY / BREAKING THE CHANNEL - 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
After breaking the channel, prices are attempting to reach the support level at 138.810.
As long as they stabilize below 142.231, a decline is expected to reach 138.810, and further below that, 137.306. This downward momentum is contingent on maintaining resistance below 142.231.
However, if 142.231 is breached, it could signal a potential rise toward the next resistance level at 144.401. Breaking this level would suggest bullish momentum, and for a stronger confirmation of an upward trend, prices need to sustain themselves above 144.401, eventually targeting the 147.401 level.
TURNING LEVEL : 142.231
XAUUSD / REACHED NEW HISTORICAL PEAKS - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
as mentioned in the last chart stabilizing above 2,526$ rising and reach historical peak , reached + 240 pip profit .
Currently, prices are trading above $2,531. As long as they remain above this level, an upward movement is expected towards $2,560 and $2,570. This rise is likely to continue as long as prices trade above $2,526 and $2,519.
However, if the price breaks below $2,519, a decline is anticipated, with the first target being $2,507, followed by $2,491.
TURNING LEVEL : 2,519$
Intel - (Much) Lower from here!NASDAQ:INTC is about to create such a massive higher timeframe candle - a drop is immanent!
Within one month, a setup played out and we are back to beginning. During the past 30 days, Intel rejected the support towards the upside with a move of +25% and immediately reversed the entire move. The monthly candle will close so bearish, I do expect a break below the current short term support, followed by a retest of the multi-year long support area.
Levels to watch: $30, $26
Keep your long term vision,
Philip - BasicTrading
USOIL / TRADING SENSITIVE AREA - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
In the last chart as mentioned rising and reached +100 pip profit.
Currently, prices are trading above 68.74. As long as they remain and stabilize above this level, a rise toward 69.98 is expected. To confirm an uptrend, prices need to break above 69.98, potentially reaching 71.59. On the downside,
if prices stabilize below 68.74, a decline toward 65.35 is anticipated, and if they fall further below this level, they could reach 63.67.
TURNING LEVEL : 68.74
NAS100USD / UNDER BULLISH PRESSURE - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
after breaking a turning level NAS100USD remain under bullish pressure .
After breaking a critical turning level at 19,088, the current price movement is attempting to reach the first resistance level at 19,535. If this level is surpassed, the next potential target is 19,844.
However, if the price breaks below 19,088 on a 4-hour candle, a decline toward 18,688 is anticipated. Should the price stabilize below 18,688, further downside pressure could lead to a drop towards the next support level at 18,317.
TURNING LEVEL : 19,088
ETH/USDT Trading ScenarioAs of writing, the asset is trading near the support level of $2130. This level was established following a sharp decline and an attempt at a quick recovery.
If this level is breached, further price drops are likely, with the next support level being the significant volume-based Point of Control level at $1585.25. This zone is attracting heightened attention from market participants, which may contribute to a price rebound.
A break below the $1585.25 level could be seen as a potential buying opportunity, both for speculative and long-term investment purposes.
"DAX Index Rises Ahead of ECB Meeting"In the U.S., the consumer price index increased by 0.2% in August, while the annual rise was 2.5%, aligning with forecasts. Following the drop in inflation, the likelihood of the Fed implementing a 25 basis point rate cut next week has risen to 85%. After this data release, market risk appetite increased, leading to intensified buying activity in the DAX index.
Today, there is an expectation of a 25 basis point rate cut in the European Central Bank (ECB) meeting.
Technically, on the upside if the price holds above the 18,500 resistance, buying could push the index first toward the 18,700 resistance and then to 18,900. if the 18,500 level is broken to the downside, a pullback could extend first to the 18,285 support and then to 18.075.
NOTUSD / UNDER DOWNWARD PRESSURE - 4HNOTUSDT / 4H TIME FRAME
HELLO TRADERS
Downward Condition:
The fact that the price is trading below the 0.008 level indicates a bearish sentiment in the market. When prices remain below this level, it suggests that sellers are in control, applying downward pressure on the , If the price continues to decline, it will likely test the 0.007 level as the next support. If that level is broken, the next target would be 0.006, reinforcing the bearish outlook. These support levels are key indicators of how low the price might drop.
Upward Condition:
If the price manages to break above 0.008 with a strong close, it would signal a shift in market momentum. A 4-hour close above this level indicates that buyers are gaining strength, potentially reversing the downward , Once 0.008 is broken, the next resistance would be at 0.009. This level needs to be breached to confirm a sustained upward move , For a full reversal of the downward trend and confirmation of an uptrend, the price would need to break above 0.009, with the next target being 0.010. This would signify buyer dominance and a stronger upward momentum.
Current Market Analysis:
The market is currently under pressure, with sellers driving prices below 0.008. However, should buyers step in and push the price back above 0.008, the market could shift upward, targeting 0.009. Until the 0.009 level is broken, the market remains in a cautious state, and sellers may still hold influence.
TURNING LEVEL : 0.008
XRPUSDT / TRADING INTO ASCENDING CHANNEL - 4H XRPUSDT / 4H TIME FRAME
HELLO TRADERS
Currently Market Analysis:
The asset is currently trading below the critical turning level of 0.54, indicating that it is under downward pressure. This suggests that bearish sentiment is dominating the market, with sellers outweighing buyers. The price is attempting to retest the turning level of 0.54 before potentially continuing its decline.
Downward Conditions:
As long as the price remains below the 0.54 level, it is likely to experience further declines, If the price fails to break through this resistance level, it may drop toward the next support level at 0.51. A break and stabilization below 0.51 would signal further bearish momentum, potentially pushing the price down to 0.48 , Bearish volume and weak buying interest below the 0.54 turning level would contribute to the likelihood of continued declines.
Upward Conditions:
For a potential reversal and upward movement, the price must decisively break through the 0.54 turning level, A break above 0.54 could shift market sentiment to bullish, allowing the price to rise toward 0.57, which serves as the next key resistance level , If momentum continues, the price could extend its gains toward 0.59. Positive market catalysts, strong buying volume, or bullish indicators could support this upward trajectory.
Turning Level : 0.54
XAGUSD / TRADING IN THE DOWNWARD ZONE - 4H TIME FRAMEXAGUSD / 4H TIME FRAME
HELLO TRADERS
Current Market Analysis:
The market is trading below the turning level of 29.07 , and below the channel trend line at 29.38.This means the price action is currently bearish , with a downward bias , The immediate expectation is that unless the price breaks above these levels, the market could continue to decline.
Downward Conditions:
If the price remains below 29.38, it suggests that the market will continue to trend downward, Initial target for the decline: 28.10 , If 28.10 is broken, the next target would be 27.63.
The downward trend remains valid as long as the price doesn't break and stabilize above 29.38.
Upward Conditions:
If the price breaks and stabilizes above 29.38, this would indicate the beginning of a bullish reversal , The first upward target is 29.82 , If 29.82 is broken, the market could aim for the next target at 30.51 , This upward movement would only be valid if the price successfully breaches the channel trend resistance and holds above it.
UPWARD TARGET :
29.82 , 30.51.
DOWNWARD TARGET :
28.10 , 27.63.