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Technical Analysis

XAU/USD: Tension Mounts Ahead of Key ResistanceXAU/USD paints a dramatic picture as gold prices hover tensely around $2,653.840. After breaking free from a downward trend, the market is far from safe as it faces a solid resistance at $2,667.943—an impenetrable “wall” that, if not broken, could cause a swift reversal. Buyers are battling fiercely to push the price higher, but one small slip could give sellers the chance to drive prices down to the critical support at $2,631.422. This support acts as the “last fortress” protecting the upward trend, and if breached, a sharp decline may follow. Upcoming hot economic news from the U.S. could deliver a decisive “shock,” overturning every strategy in the gold market. Prepare for unpredictable swings ahead!
OANDA:XAUUSDLong
by Zola_Hello
Retest Complete. Dollar Should Continue Down Again.There's that retest to the underside of my pink line that I was previously expecting. As you all know from last weeks video, I was a bit surprised we didn't get it at the time I was making the video. Well, better late than never. This is a perfect retest. Though, the dollar could hover on the underside for a few more days, I expect that by mid-October you'll see the trend continuation down as we head for that very important, very old trend line coming all the way back from Orwell's 1984. Blow-off top in the U.S. stock market should continue until then. If so, crypto will follow.
TVC:DXYShort
by stewdamus
DreamAnalysis | Nasdaq Analysis Trends and Key Levels✨ Today’s Focus: US100 (Nasdaq) – A Critical Market Asset We’ll analyze recent price movements and share insights on potential future trends based on key market levels. 📊 Current Market Overview: Currently, the price has swept a significant Sell-Side Liquidity (SSL) level, but there hasn’t been much movement since. The market is consolidating, and it’s essential to monitor the recent Buy-Side Liquidity (BSL) and SSL levels. Based on current conditions, we anticipate a likely downward movement, and we’ll explain why. 🕓 Key Levels to Watch: Here are the critical zones we’re tracking: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity - 4H FVG: Fair Value Gap (imbalance zone) These levels represent crucial areas where price may accumulate liquidity or rebalance. Fair Value Gaps (FVGs) indicate zones where the market might retrace to gather orders before continuing its trend. 📈 Bullish Scenario: For a bullish outlook, we would look for long positions following a sweep of the Previous Week Low (PWL). However, we need to wait for the SSL to be taken out first. Once that occurs, we can target long positions aimed at the Buy-Side, specifically focusing on the BSL and Equal High (EQH). 📉 Bearish Scenario: The optimal bearish scenario involves a sweep through the Buy-Side Liquidity (BSL), followed by a tap into the 4H Fair Value Gap (4H FVG), which coincides with the 0.5 Fibonacci Retracement level. Alternatively, we could see the price rise higher, taking out the EQH or even the Previous Month High (PWH) before reversing. Therefore, we’ll need a lower time frame (LTF) entry model rather than entering shorts impulsively. 📝 Conclusion: Stay adaptable to evolving market conditions. By closely monitoring these key levels and scenarios, you’ll enhance your strategy and identify potential opportunities. 🔮 Looking Ahead: Keep an eye out for updates as we track the NASDAQ, DXY, EUR/USD, and other major currency pairs. Expect timely insights as market trends unfold. ⚠️ Disclaimer: This information is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
CAPITALCOM:US100Short
by DreamAnalysis
1
GBP/USD: Bullish Continuation or Reversal?Today, GBP/USD continues its upward trend and is trading around 1.312 by the end of the session. Overall, the pair is approaching a key support level, and the EMA 34 and EMA 89 lines have not yet reversed, indicating that bullish momentum may still be in play. The recent price pullback seems more like a test rather than a confirmed reversal. However, we must not rule out the possibility of breaking support, especially if the Head and Shoulders pattern completes as projected. The 1.3261 resistance level is currently being actively defended by sellers. Should a break occur, GBP/USD will present a profitable opportunity for short sellers, with the price potentially heading towards the lower boundary of the ascending channel once again. This is a critical moment to closely monitor the market. Whether it's a continuation of the uptrend or a support break, make sure you're ready for both scenarios. Good luck with your trading!
Short
by Bentradegold
USDJPY: Back to Uptrend?Hello everyone, Currently, USDJPY continues its strong upward momentum, trading steadily around the high level of 146.70, up 0.19% on the day. From a technical analysis perspective, USDJPY is forming an Elliott Wave 5 pattern, with the first three waves already completed (currently in wave 4). Ben expects the support level around 145.77, aligning with the 0.618 Fibonacci retracement of the previous upward move, to hold, with the next target being the psychological level of 149.22. What about you? Where do you think USDJPY will gain strength next? Share your thoughts!
Long
by Bentradegold
1
CRUDE OIL (WTI): Your Trading Plan For Today WTI Crude Oil is testing a significant falling trend line on a daily. To short that with a confirmation, pay attention to a descending triangle pattern on an hourly time frame. Your signal will be a breakout of its horizontal neckline - an hourly candle close below 73.46. Short the market aggressively or on a retest, then. Targets: 73.07 / 72.85 Alternatively, a bullish violation of a trend line will be a strong bullish signal. ❤️Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
1
XAU/USD Before the Break: Awaiting a Breakout or Correction?The XAU/USD chart is weaving a dramatic story as gold prices hover around $2,661.865. This is a sensitive moment with buyers holding control but facing a major challenge – breaking the key resistance at $2,684.675 and continuing their journey toward the peak at $2,710.715. The EMA 34 ($2,653.217) and EMA 89 ($2,635.299) serve as “solid shields,” supporting the current uptrend and providing a strong base for buyers. The strong support at $2,637.457 also acts as the “final fortress,” preventing a deeper correction. If the price breaks this resistance, an "explosive surge" could occur, opening up golden opportunities for investors. Today is a critical trading day, with the US Non-Farm Employment Change data about to be released. This is one of the indicators that significantly impacts the market, especially the currency pairs related to USD.
OANDA:XAUUSDLong
by Zola_Hello
XAUUSD: New Day Trading Strategy!Currently, XAUUSD is hovering around the 2662 USD mark, and it seems that the price has remained relatively stable over the past few days. On the other hand, the resistance level at 2670 is acting as a significant barrier to upward momentum. Interestingly, XAUUSD is forming a green candlestick right above the parallel wedge. If this candle closes above the wedge, we could fully expect a strong breakout, aiming for new profit targets. Additionally, the positive signals from the EMA 34 and 89 are reinforcing this view, indicating a clear upward trend. Investors might consider opening BUY positions on shorter timeframes, once the price confirms a breakout from the current range, provided that the support level around 2654 USD holds firm.
OANDA:XAUUSDLong
by ConanTradingFX
XAUUSD: Positive Technical OutlookHello everyone! Currently, gold is hovering around the $2,658 mark in early trading, showing a slight recovery after its price correction from $2,640 late yesterday. On the technical chart, gold continues to maintain a strong uptrend within a parallel wedge pattern, with the convergence of the 34 and 89 EMAs signaling further upward potential. A solid support level is also clearly established, reinforcing this recovery trend. Given these factors, we can confidently expect gold to break out of its current sideways phase, likely surpassing the upper boundary of the wedge and pushing higher in the near future. Therefore, the preferred strategy right now is to *buy* – seize this opportunity, my friends!
OANDA:XAUUSDLong
by Bentradegold
The Altcoin Market Is Now Flirting With The 350 DMA ...Again!Here's what that means. A long-term view. Traders, The pressure is on for these altcoin bulls to run through the end of the year. However, we are flirting with disaster this time around. Here's why? From the beginning, the 350 DMA (or 50-week MA) has always told traders whether we were in a bull market or a bear market. Though periodically, the price did stick its proverbial head above the 350 DMA during mid-cycle tops, these were always very short-lived. And it's always been the case that when we've remained above the 350 DMA for this length of time, in this case since Nov of 2023, it signaled we were in a bull run, as opposed to a mid-cycle top. Could this time be different? Well, of course. And I think from looking at the charts, it already has proven it is. This whole run is different. I won't get into the many ways this cycle is different, but a big one has to do with how the 111 DMA is diverging from the 350x2 DMA (not pictured here). That's never happened before along with a multitude of other occurrences. So, let's explore this thought experiment a bit further. There are several outcomes that we most probably are looking at. The first outcome could mean that this run was simply an extended mid-cycle top. If true, then this is a much longer mid-cycle top than we have ever witnessed in the history of crypto. And if that is true, the bull run that is coming will melt faces. But it probably would not arrive until next year or even 2026 and it probably means that we dip back under that 350 DMA again for a while. Nobody wants this to happen and nobody seems to be expecting this outcome. Could this then be the strongest possibility? If we anthropomorphize the market a bit, we can observe that it is rather sadistic in this regard. It always has been and probably always will be. The market just enjoys hurting the largest crowd. This is why it's often beneficial to entertain contrarian thought and not to simply dismiss it altogether. The second outcome is not so good. It could mean that we skipped our mid-cycle top completely and that our bull run is about to end if we dip below that 350 DMA. Now, there is still hope here because we haven't done that yet. But I certainly do not like the looks of how we have been flirting with that line for these last several months. This moving average is critical! Watch it closely on both the daily (as a 350 DMA) and on the weekly (as a 50). The weekly will confirm whether we drop or not. It must be confirmed with two candle closes below on the weekly. There is a third possibility. This is the one that I think we are all hoping for and, tbh, most are expecting. It also indicates that we skipped our mid-cycle top and are in a bull run that will not end until late this year or into the next. This would mean that we will remain above that 350 DMA (though, there could be a few candle closes below) and that we should see some new highs being made through the end of the year. I kept our chart on the daily view as opposed to the weekly because I wanted you all to track that bullish triangle with me. Notice how we are retesting the top of it as we should after a breakout. This is technically very sound. But also notice how that 350 DMA is moving up to lend some support. What a beautiful area of confluence! But also, scary. Because if it's broken to the downside, it may indicate either another Black Swan event on the horizon OR we don't get the bull run alts were expecting. It is do-or-die time now. Let's go. Stew
CRYPTOCAP:TOTAL3
by stewdamus
SWING IDEA - OBEROI REALTYOberoi Realty is presenting a promising swing trade opportunity based on the following technical signals. Reasons are listed below : Symmetrical Triangle Breakout : The price has broken out of a symmetrical triangle pattern, indicating a potential upward movement. Strong Bullish Candle : A robust bullish candle signals increasing buying momentum. Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day EMAs, further reinforcing the bullish trend. Target - 1950 Stoploss - daily close below 1730 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:OBEROIRLTYLong
by Visionary_Growth_Insights
BANK NIFTY INTRADAY LEVELS FOR 04/10/2024BUY ABOVE - 51990 SL - 51820 TARGETS - 52120,52260,52400 SELL BELOW - 51670 SL - 51820 TARGETS - 51530,51400,51230 NO TRADE ZONE - 51670 to 51990 Previous Day High - 52600 Previous Day Low - 51670 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
2
NIFTY INTRADAY LEVELS FOR 04/10/2024BUY ABOVE - 25310 SL - 25240 TARGETS - 25380,25440,25490 SELL BELOW - 25240 SL - 25310 TARGETS - 25190,25130,25080 NO TRADE ZONE - 25240 to 25310 Previous Day High - 25620 Previous Day Low - 25240 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
1
A Simple and Effective Strategy to Outsmart Liquidity HuntingHave you ever encountered a scenario where the price hits your Stop Loss level first, only to then fully reverse and head in the direction of your target profit, ultimately reaching it? If the answer is yes, you’ve most likely fallen victim to what is commonly referred to as a 'liquidity grab'. In other terms, this phenomenon is known as 'stop-loss hunting', and it is an inescapable occurrence within the realm of trading. But why does it happen? The answer lies in the actions of big market players, such as banks and institutions, who need to fill their large positions. Simply put, for markets to function properly, there must be equilibrium - an equal number of buyers and sellers, a balance between supply and demand. For every buy-back and sell-off you conduct, there must be an opposing party willing to execute the trade with you. This is where brokers come into play, linking both sides of the transaction. When there is an imbalance between buyers and sellers, it leads to market inefficiency, which can result in excess supply or demand, distorting price movements. Market makers help prevent this by ensuring market stability and securing better pricing for executing large orders.
 For example, imagine you have analysed the sentiment and opened a SELL trade on USD/CHF at a key level, placing your Stop Loss just above the same zone. After some time, you notice the price impulsively moves towards your Stop Loss, triggering it and taking you out of the trade. Later, you watch the price flip and move in the direction you had originally predicted. Frustrated, you begin to blame the market, convinced it’s rigged against you. However, what really happened is that the price was pushed into an obvious pool of Stop Losses, allowing the positions you and many others sold to be bought back. This also enabled large institutional orders to be filled at better prices, while maintaining balance between buy and sell orders. How do you avoid this? The key is to better understand market dynamics and make more informed decisions. In this scenario, a smarter approach would have been to place your entry where the obvious pool of Stop Losses is located. By doing so, you could have captured a more favourable risk-to-reward ratio, perhaps achieving a 1:3 trade, as illustrated in the accompanying chart. So next time, before rushing into a trade, take a step back. Assess the situation with greater patience and clarity. Often, there’s an initial push, just as the price action indicates. This move entices traders into premature entries. Afterward, a sudden liquidity grab occurs, wiping out these traders before the market reverses in the anticipated direction. Be patient. Play it smart. Best wishes, Investroy
Education
by Investroy
Gold at the Verge of a Breakout or Correction?Gold prices are currently “dancing” around the $2,655 level. The strong support at $2,630.511 acts as the “last fortress” protecting buyers from a steep decline. However, all eyes are on the critical resistance levels at $2,678. These are the “gateways” buyers need to breach to unlock a spectacular breakout, driving gold to new highs. The EMA 34 and EMA 89 lines are providing solid momentum, helping to maintain the upward trend. But can the market hold onto this optimism, especially with hot U.S. news and Fed movements that could shift the dynamics at any moment? A strong breakout might be in the cards, but if not, a correction back to the support zone could prompt many investors to reconsider their strategies
OANDA:XAUUSD
by Zola_Hello
EW Breakdown of USDCHF: Eyeing a Move Toward 0.8620Timeframe: 4h (240 min) I have analyzed the wave count by examining a consolidation area with significant trading activity following a sharp decline in USDCHF. Observing the slope of the fall, it appears that this congestion area could represent a correction on the 4-hour timeframe. The wave count indicates that wave B has formed a contracting triangle, with wave (e) of wave B completing at 0.8396 . We are at wave (C), which has can be move forward after breaching a strong resistance of 0.85154 . The currency may have some pullback for the public participation, but it shouldn't exceed the low of wave B. The setup can be formed after the breakout of wave B, for the distance up to 0.8618 . Fibonacci Calculations are given below: Wave C = 1.618 of Wave A Wave C = 0.786 of the previous impulse Wave C = 1.618 of the previous impulse Additional information will be provided shortly.
by Trade-Technique
Gold Price Analysis: Symmetrical Triangle Formation Signals $$##📈 Gold Price Analysis: Symmetrical Triangle Formation Signals Potential Breakout Gold trades within a symmetrical triangle formation on the H1 timeframe, and traders are closely monitoring for a potential breakout. This technical pattern, known for its converging trendlines, often signals an impending price breakout, either upward or downward. Here's what to watch for: 🔺 What is a Symmetrical Triangle? A symmetrical triangle is a continuation pattern in which the price forms lower highs and higher lows , creating two converging trendlines 📊. The market's indecision builds tension, often leading to a significant breakout in either direction as the price consolidates. 🚀 Key Breakout Levels for Gold As gold continues to move within this symmetrical triangle, there are two potential breakout scenarios: 📈 Upside Breakout Target – $2,693: If gold breaks out above the upper trendline of the symmetrical triangle, we can expect bullish momentum to push the price toward the $2,693 level. This would indicate a continuation of the upward trend, attracting buyers and potentially setting the stage for further gains. 📉 Downside Breakout Target – $2,614: On the other hand, a break below the lower trendline would signal a bearish move, with the next potential target around $2,614 . This downside breakout would indicate a reversal or pause in the recent bullish trend, likely driving selling pressure. 🔍 Factors to Watch Several factors may influence gold’s price action and the potential breakout direction: 🌍 Geopolitical tensions and market uncertainty drive safe-haven gold demand, potentially pushing prices higher. 💵 US Dollar strength: A stronger dollar could weigh on gold, increasing the likelihood of a downside breakout. 📉 Interest rates and inflation expectations also play a role, as rising rates could limit gold’s appeal as a non-yielding asset. 🛠 Trading Strategy Traders should consider waiting for a clear breakout above or below the symmetrical triangle before entering a position. A decisive move beyond these key levels— $2,693 for an upside breakout or $2,614 for a downside breakout—could offer strong trading opportunities with defined risk levels. 💡 Conclusion The symmetrical triangle formation on the H1 timeframe indicates that gold is on the verge of a significant move. Monitoring key breakout levels, market sentiment, and external factors like the dollar and interest rates will be crucial in navigating this potential opportunity. Whether gold breaks out to the upside or downside, traders should be prepared for a substantial price move towards $2,693 or $2,614. 🔔 Stay updated with the latest prices and market developments to capitalize on this technical pattern.
OANDA:XAUUSD
by amzadlak