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Technical analysis of XAUUSD chartDear friends, it's Ben here! Flag Pattern: The chart showcases a well-formed flag pattern, a classic bearish continuation signal. Target Projection: Using the height of the previous wave 3 of the flagpole, the pattern's target is forecasted to be around $2,553. Fibonacci Levels: The price is at a level corresponding to the 0.618 Fibonacci retracement at $2,637, a strong bearish signal, with the next resistance near $2,647 (0.5 Fibonacci retracement). Breakout Confirmation: A breakout from the flag will confirm the bearish momentum. Trend Outlook: A macro bearish trend is indicated, supported by resistance rooted in fundamental factors... Consider, share your opinions and questions, discuss what is happening with OANDA:XAUUSD
OANDA:XAUUSDShort
by Bentradegold
1
EURUSD: Corrects After False Breakout Before Continuing DownwardFX:EURUSD rising higher based on the correlated reaction with the dollar. The currency pair is likely to test the local highs. But! Since there is scheduled news today, you must be extremely cautious... The fundamental background remains overall very negative since Trump’s victory. Additionally, the local downtrend is not yet over, thus providing us with the main trend to follow in our trading decisions. From a technical perspective, as a false support breakout is forming on the chart, we should wait for a retest of the resistance areas to consider further selling attempts aimed at pushing the price lower. Short-term levels to watch: Resistance levels: 1.051, 1.065, 1.076 Support levels: 1.051, 1.044, 1.033 If the bears behave aggressively on the back of the news, the price will likely continue to decline from these areas.
Short
by Bentradegold
TradeCityPro | AUDUSD Analysis Preparing for Movement👋 Welcome to the TradeCityPro channel! Let’s examine the key triggers for AUDUSD, which appears poised for an interesting move. 🌍 Fundamental Overview: Supported by stable commodity prices, especially iron ore, a key driver of Australia's economy. Recent Reserve Bank of Australia (RBA) comments suggest a balanced stance with no immediate rate hikes. Bolstered by strong economic data and expectations of prolonged higher interest rates by the Federal Reserve. Mixed global risk sentiment keeps the USD favored as a safe-haven currency. ⏱ 4-Hour Timeframe AUDUSD has been in a long-term downtrend, losing multiple supports and forming successive lower highs and lows. However, the price has recently stabilized, ranging between 0.64501 and 0.65412. 📉 Short Position Trigger: After breaking the 0.64501 support, initiate a short trade targeting 0.62910. 📈 Long Position Trigger: In case of a false breakdown of the support or prolonged consolidation within the range, open a riskier long trade above 0.65412 , Safer long entries can be considered once higher highs and lows are confirmed. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
2
GBPCAD : Trendline Break and Key Levels👋 Welcome to TradeCityPro! In this analysis, I will examine the GBPCAD currency pair from the Forex market. The analysis is conducted on the daily timeframe. 📅 Daily Timeframe: Trendline Break In the daily timeframe, we observe an uptrend that began after breaking the 1.72778 level, accompanied by an ascending trendline, which pushed the price up to the 1.80922 resistance level. 🧲 After reaching this resistance and experiencing a significant divergence in the RSI, a deep correction occurred. This was marked by the break of the ascending trendline and the activation of the divergence trigger, which has brought the price down to approximately the 1.74497 support level. 📐 The RSI has formed a symmetrical triangle, which has broken downward. Following this, it bounced back from the 30 support level and moved up to the 50 level. 📈 If the RSI stabilizes above 50 and the price consolidates above 1.78076, we can anticipate the next upward leg. In the event of breaking the 1.80922 resistance, the next target will be 1.90188. 📉In the bearish scenario, if the price drops to the 1.72778 support level, the bullish momentum will completely dissipate. Should this support level break, the next targets will be 1.67659 and 1.63796. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
1
INMODE - $INMD THE NEW H5 SETUP! 35% Move Inbound🚀 INMODE - NASDAQ:INMD THE NEW H5 SETUP 🚀 This is a amazing company I used to be invested in before they tanked hard due to the war. Now that it is coming to an end and investors are coming back to Israel's beaten down companies in groves they are set for large moves! We are already in NASDAQ:MBLY now we are jumping in full force into NASDAQ:INMD ( Under 2B market cap and against my rules but I've invested in this company in the past and understand the business at a high level so I'm okay with it as a trade and investment! Buying for both!!!) Company Details: InMode Ltd. designs, develops, manufactures and markets minimally-invasive aesthetic medical products. It also designs, develops, manufactures and markets non-invasive medical aesthetic products that target a array of procedures including permanent hair reduction, facial skin rejuvenation, wrinkle reduction, cellulite treatment, skin appearance and texture and superficial benign vascular and pigmented lesions. The company was founded by Moshe Mizrahy and Michael Kreindel on January 2, 2008 and is headquartered in Yokneam, Israel. H5 Trade Setup: - H5 Indicator is GREEN - Broke out of a Falling Wedge pattern and already retested. - Launching off our volume shelf to the next launch pad. - Above 25 and now 50 Moving Averages (BULLISH) - Wr% Consolidation Box formed and thriving. - MACD about to cross zero line 🎯$21 📏$26 ⏳27MAY2025 Intrinsic (Fair Value) base on fundamentals: $28 NFA
NASDAQ:INMDLong
by RonnieV29
6
TradeCityPro | RENDERUSDT Analysis Continued Uptrend?👋 Welcome to the TradeCityPro channel! Let’s analyze RENDER, a popular crypto project in the graphics card and infrastructure domain, which also operates as a Layer 2 solution. 🌍 Bitcoin's Market Overview As always, before diving into RENDER, we take a quick look at Bitcoin. According to prior analyses, the recent red candles are purely corrective and indicate no major trend reversal. Corrections are healthy for any uptrend. Bitcoin is showing renewed green candles, with a 4% rise today. After breaking 94,859, you can open long positions. However, due to the decreasing Bitcoin dominance (BTC.D), this level can also be considered a confirmation for entering altcoins. A further wave of uptrend seems possible. 📊 Weekly Timeframe RENDER is one of the most bullish altcoins, similar to SOL, SUI, and OM. It has experienced less decline compared to other altcoins, largely due to the hype around Layer 2 and NVIDIA, which boosted this coin before the bull run. After its upward move and correction from 13.009, it hit the support at 4.405 and formed a green candle that engulfed the prior two candles. This alone serves as a bullish trigger in an uptrend. Currently, it has reached the key resistance level of 7.914. If this resistance is broken, given the bullish structure in higher time frames and the formation of higher lows, the coin can continue its upward movement. A buy position with a stop loss at the 4.405 level is reasonable. RSI entering the overbought zone can confirm the bullish trend further. If missed, a trigger at 13.009 remains valid. 📈 Daily Timeframe The primary resistance at 6.999 was broken, but no significant movement occurred afterward. For now, we consider 8.023 as a key trigger level. After its breakout, the price can aim for targets at 9.765 and 11.240. Additionally, the main resistance level of 13.009 in the higher time frame is adjusted to 11.240 as the broader market has shown more logical reactions to this level. RSI displays notable divergence, but during a bull run, it is often disregarded. Personally, I prefer taking positions with a stop loss rather than missing the potential movement. ⏱ 4-Hour Timeframe After breaking 5.198, the coin experienced a solid uptrend. I opened a long position, and if the resistance at 8.094 is broken, I plan to move my stop loss to 6.532. Currently, the price is ranging between 7.18 and 8.09. 📈 Long Position Trigger: Upon breaking 8.094, I will open another long position and follow the potential continuation. If the price approaches the resistance with strong momentum, I may also set a stop-buy order with a larger stop loss at 7.18. 📉 Short Position Trigger: For now, no short setups are considered during the bullish trend. If 6.532 is broken, I might only close my long position. 💡 BTC Pair Insight Compared to Bitcoin, RENDER remains bullish, bouncing strongly from support levels. Breaking its descending trendline reinforces the continuation of its uptrend. For those needing a trigger, breaking 0.00010090 on its BTC pair confirms further moves, even though by then, its USDT pair may have already pumped 50%. The key movements often come after the trigger. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
4
TradeCityPro | CHFJPY The Battle Between Buyers and Sellers👋 Welcome to the TradeCityPro channel! Let’s quickly dive into another forex trading opportunity this week, analyze it briefly, and identify entry and exit triggers. 🌍 Fundamental Insights Swiss Franc (CHF): Supported by safe-haven demand due to geopolitical tensions and SNB’s tight monetary policy. Japanese Yen (JPY): Weak from BoJ’s ultra-loose policy and disappointing economic data. The divergence in policies between the SNB (hawkish) and BoJ (dovish) continues to favor CHFJPY’s bullish potential, especially during market risk aversion. 📊 Daily Timeframe The pair faced rejection at 177.108, failing to continue toward the 179.691 resistance. Sellers gained momentum, pulling the price back to the 172.592 support zone. If today’s daily candle closes red and engulfing, a bearish continuation to a lower low is likely. ⏱ 4-Hour Timeframe The pair is testing the key daily support at 172.592, presenting both bullish and bearish scenarios. 📉 Short Position Trigger: Break below 172.592 could lead to a target of 170.550. 📈 Long Position Trigger: Prolonged consolidation or a fake break below 172.592, followed by a breakout above 173.949, could indicate a bullish reversal. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Short
by tradecitypro
24
Will 90k Hold Bitcoin?Alright, so we couldn't quite tag 100k. Not surprising. 100k is huge psychological resistance and we can now see from on-chain data that long-term hodl'ers, which is defined as anyone who hodls BTC for 6+ months, have started to sell more rapidly as we approached that price point. So, we got our pullback as expected. Now, the question is how far down do we go? Will 90k hold us? Or will we go lower? Let's explore these questions a bit in this post using some basic technical analysis combined with our knowledge of past historical price action at the beginning of a bull run. First, let's review where some of these trendlines on my chart actually come from. That pink ascending trendline was made by connecting the wick top in April of '21 to the wick top in November of '21 and then extending it out infinitely to the right. In my last post, I stated that it would act as resistance. It did. But I also was unsure that it would hold us below for more than a few days. It didn't. There was enough hype in the market to break us to the upside. Now that same line should act as support. I would expect it to hold us up at least through Thanksgiving weekend here in the U.S. This may give altcoins enough time for one final pump. And as long as Bitcoin decides to remain above that line, altcoins should continue to shine. But, if Bitcoin's price decides to break below our trendline (I estimate that this will not occur until after this weekend), then altcoins will pull back more drastically as Bitcoin descends further. So, if Bitcoin breaks below 90k, where will it go? My guess will be that we drop to that second pink trendline below us somewhere around 75-76k. That trendline was drawn similarly to the way I drew the upper pink trendline. I drew a line from the wick high of November '21 to the wick of our most recent high of March this year. I then extended the line to the right. You can see from the chart that this was also a significant trendline because once the price broke above it, it sent, confirming the significance of the trendline. Now, the rationale for my timeline and potential drop increments includes the fact that markets tend to stay optimistic over the holidays here in the U.S., especially when we are in the beginning stages of another bull run. And that we are. Therefore, if we do drop further, I wouldn't expect this to occur until after Thanksgiving weekend. In bull runs, it is quite common to see 20%+ pullbacks while we move up. A drop to 76k would meet this historical pattern. Again, I don't have high conviction that we actually will drop to 76k, therefore, I am not shorting. But I am a bit softer on the longs at this point and have all my stops at appropriate placement. Subs, check the tracker for those details. My current stable holding is around 40%. Let's see how this all plays out. ✌️ Stew BTW, I haven't mentioned it in this post, but my year-end target is now 102-109k. And yes, even with any pullback, I still believe we'll get there. I'll write more about this in a future post.
INDEX:BTCUSD
by stewdamus
Gold-> continue to drop to $ 2600. What will happen?Hello, dear friends, this is Ben! Gold prices dropped to their lowest level in a week during the Asian session on Tuesday, although spot prices found some support near the $2,600 mark. Meanwhile, the prevalent risk-on environment, coupled with bets for slower Fed rate cuts and rising U.S. Treasury yields, is driving flows out of the safe-haven XAU/USD. Theoretically, any attempt to push gold prices higher may face limitations. Ahead, the U.S. Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, is scheduled for release on Wednesday. Technically, gold is attempting to break out of the key range after testing support. If a false break occurs at the 2634 level, a minor correction towards resistance may form. Resistance levels: 2634, 2649, 2663 Support levels: 2618, 2607, 2600 If sellers hold the price below 2630-2634, the bearish momentum could strengthen. However, as the price is testing strong support, a significant reaction could form a false breakout and a correction, potentially targeting levels like 2649-2663 (fibo 0.5), before continuing the downtrend.
OANDA:XAUUSDShort
by Bentradegold
Fantom (FTM) and Andre CronjeFTM's social and market activity is on the rise after Andre Cronje released an article highlighting the cash flow of FantomFDN in 2022 Fantom price today is $0.241135 with a 24 hour trading volume of 230 million dollar. FTM price is up 12% in the last 24 hours Andre Cronje, a long serving figure in the DeFi space, says the Fantom blockchain project he advises is cash-flow positive, earning more than $10 million in annual revenue Cronje shared a blog post on Monday that claims the Fantom team maintains more than $300 million in assets without specifying how much is considered liquid. “We are still scaling up,” Cronje said Fantom’s reported treasury, as yet unproven on-chain, is made up of around 450 million FTM ($85.7 million). There’s also $100 million in stablecoins and $100 million in undisclosed cryptocurrencies, as well as $50 million in non crypto assets, per Cronje’s post.Fantom is a layer1 blockchain compatible with Ethereum Virtual Machine. The network competes with the likes of Solana, Avalanche and Polygon for Ethereum’s market dominance. but lets talk about the technical analysis the blue line shows the important resistance (0.29$) for Ftm and if bulls breaking it, the next targets will be 0.31 - 0.4 and if you managed to long at 0.17 its time to take some profit as well
Long
by moonypto
16
ADA is on fire!Hello Traders, The cryptocurrency market has been buzzing lately, and Cardano (ADA) is no exception! Over the past couple of weeks, the ADA price has skyrocketed by more than 200%, reaching a strong resistance zone at $1.15–$1.25 level. This is an incredible performance, especially with altseason just around the corner. What to expect from ADA in the near future? Let’s break it down! ADA has hit a significant resistance zone, so we’re likely to see some consolidation — or even a correction — soon. The big question is: how long will this phase last, and how deep could the correction go? Considering the momentum in the market, I don’t anticipate a prolonged consolidation. With altseason on the horizon, the uptrend could continue after a brief pause. If ADA breaks through the current resistance, the next target to watch for is the $2 price level. On the downside, any correction is unlikely to push ADA below $0.80 — a promising sign for those holding or trading ADA. Please, do not forget to boost this idea and leave your comments below, thanks.
by Real_CryptoRoy
16
Alkem Laboratories Ltd. (NSE: ALKEM)Technical Analysis and Key Levels 1.Current Price Action: Alkem Laboratories is trading at ₹5,484.40, testing a critical support zone (₹5,300–₹5,450) identified by historical price action and volume profile. 2.Resistance and Support Levels: Immediate Resistance: ₹5,811.55 (previous swing high). Key Resistance Zone: ₹6,000–₹6,346.55. A breakout above ₹6,346.55 can lead to fresh bullish momentum. Immediate Support: ₹5,323.60 (near-term support). Critical Support: ₹4,629.85, a major demand zone. Failure to hold this level could trigger further downside. 3.Volume Profile: High-Volume Node (HVN): Significant buying interest is observed around ₹5,450–₹5,800. Low-Volume Node (LVN): Below ₹5,300, liquidity decreases, increasing the risk of a sharp drop toward ₹4,629.85. 4.Moving Averages: The stock is currently hovering around the 50-day moving average, indicating short-term indecision. The 200-day moving average at ₹5,323.60 acts as crucial support for long-term trend analysis. 5.RSI Indicator: The RSI is neutral but leaning towards the oversold region, suggesting potential accumulation in this zone. A break below ₹5,323 could push RSI into bearish territory. 6.Key Observations: Nomura's Price Target Update: Nomura revised the price target to ₹6,097 (Neutral stance), close to the immediate resistance levels, which aligns with market consolidation. 7.Potential Scenarios: Bullish Case: Sustaining above ₹5,484.40 and breaking ₹5,811.55 may open doors for ₹6,346.55. Bearish Case: A decisive break below ₹5,323.60 could lead to ₹4,629.85. 8.Trading Strategy: For Bulls: Look for confirmation above ₹5,811.55 with increased volumes before entering long positions. For Bears: Short opportunities arise if the stock breaks and sustains below ₹5,323.60 with a target near ₹4,629.85.
NSE:ALKEMLong
by AngshumanSaikia
TradeCityPro | CELOUSDT Suitable Trading Opportunity👋 Welcome to the TradeCityPro channel! Let’s analyze CELOUSDT, a cryptocurrency that appears to present opportunities in both spot and futures markets this week. 🌍 Market Overview Before diving into CELO, let’s take a look at Bitcoin during the London session. BTC continues to print red candles, with its dominance (BTC.D) ranging. This scenario leads to a balanced market correction, where individual coins behave independently based on their BTC pair performance. 📊 Weekly Timeframe CELO has been ranging within a weekly box for approximately 830 days, with no significant breakout. While buying at the box's bottom might have yielded 100% gains, holding positions for extended periods in a risky market like crypto can lead to "capital dormancy," causing stress. Hence, trigger-based trading is preferred. This time, CELO has printed a higher low within the box, hinting at a potential breakout. Breakout above 0.8412 with a stop loss at 0.4083 for a mid-term buy. If missed, another entry above 1.2530 with confirmation from RSI moving into overbuy territory (76.06) ensures a more secure position. 📈 Daily Timeframe CELO is currently testing the box resistance but shows stronger buyer momentum this time. Last rejection from 0.8683 led to a correction down to 0.5318, but buyers established a higher low compared to 0.3998, indicating a shift in momentum. Daily RSI needs to break 74.22 to confirm a sharp move upward , Upon confirmation, price could rally to 1.0503. ⏱ 4-Hour Timeframe CELO has formed a parabolic movement, with consistent support at the curve line during pullbacks. Despite some weakening momentum, as long as the price holds above the curve, there’s potential for further upside. 📈 Long Position Trigger: Breakout above 0.8683 to initiate a long position. As long as the price remains above 0.7352, higher lows per Dow Theory suggest strength. 💡 BTC Pair Insight CELOBTC is bearish but shows signs of weakening bearish momentum, which might lead to a trend reversal or a new bullish phase. Coins with similar BTC pair setups last week either didn’t move or experienced significant pumps after their triggers. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
2