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Gold Reverses from Pivot Line, Bearish Trend ExpectedGold Price Analysis: Reversal from Pivot Line Gold prices have reversed from the pivot line, which has now established a strong resistance at 2475. Stability below 2466 will likely support a decline towards 2450 and 2440 today. Bullish Scenario: For a bullish trend, the price needs to break above 2475 and stabilize. If the price can hold above 2475, it may advance to 2488. Further stability above 2488 would set the stage for a move towards 2526. Bearish Scenario: As long as the price trades below 2466, it is likely to drop to 2450 and 2440. A break below 2440 could drive the price further down to 2420. Key Levels: - Pivot Line: 2466 - Resistance Levels: 2475, 2488, 2502 - Support Levels: 2450, 2440, 2420 Today's Expected Range: The price is anticipated to fluctuate between the support at 2420 and the resistance at 2488, with a bearish inclination.
OANDA:XAUUSDShort
by SroshMayi
Gold Surges to New All-Time High Amid Fed Rate Cut Optimism Technical Analysis: Gold Gold prices recently broke through the all time-high, recording a new peak at 2482, hitting our target perfectly. Bullish Scenario: For a sustained bullish trend, the price should stabilize above 2475. If this level holds, the price could reach 2488 and gradually move towards 2500 and 2526. There is also a possibility of a retest if the price stabilizes below 2466, confirmed by closing an hourly candle under this level. Bearish Scenario: For a bearish trend, the price must stabilize below 2466. If this occurs, the price could potentially fall to 2450 and then to 2440. Key Levels: - Pivot Line: 2466 - Resistance Levels: 2475, 2488, 2502 - Support Levels: 2458, 2450, 2440 Today's Expected Range: The price is anticipated to fluctuate between the support at 2450 and the resistance at 2502, with a bearish inclination. Previous idea: Rising US Rate Cut Optimism Steers Gold to All-Time High Gold prices hit a record high on Wednesday, driven by increased expectations of a September interest rate cut in the U.S. Traders see a 100% chance of this cut, according to the CME FedWatch Tool. Fed officials, including Chair Jerome Powell, have expressed confidence that inflation is nearing the Fed's target, hinting at potential rate cuts. Key Drivers: Federal Reserve's Rate Cut Expectations: Traders are confident of a rate cut in September, boosting gold's appeal. Inflation Target: Fed officials are optimistic that inflation is approaching the 2% target, which supports the case for rate cuts. Geopolitical Risks and Recession Threats: These factors could drive gold prices further to $2,600-$2,700 by the second half of 2024. Alex Ebkarian of Allegiance Gold highlights that the anticipation of rate cuts and central banks purchasing more gold over U.S. Treasuries are key catalysts driving current price highs. However, he warns of potential volatility as the market confirms these trends.
OANDA:XAUUSDLong
by SroshMayi
1
S&P 500 Analysis: Reversal from All-Time HighS&P 500 Analysis: Reversal from All-Time High The S&P 500 recently reached an all-time high but has since reversed. Stability below 5620 indicates a continuation of the bearish trend, targeting 5584 and 5550. Earnings reports are expected to play a significant role, potentially moderating bullish momentum. Bullish Scenario: To maintain a bullish trend, the price should stabilize above 5639, aiming for 5672 and 5688. For a sustained uptrend, the price must stabilize above 5688, potentially reaching 5750. Bearish Scenario: For a downtrend, the price should stabilize below 5620, targeting 5584 and 5550, especially if a 4-hour candle closes below 5620. Key Levels: - Pivot Line: 5620 - Resistance Levels: 5639, 5672, 5688, 5750 - Support Levels: 5584, 5550, 5525 Today's Expected Trading Range: The expected trading range is between the resistance at 5672 and the support at 5550. previous idea:
OANDA:SPX500USD
by SroshMayi
BTC - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈BTC has been overall bullish, trading above the red trendline. Moreover, the $61,000 - $62,000 is a strong support zone. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support and red trendline acting as a non-horizontal support. 📚 As per my trading style: As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
USDJPY Trend Analysis: Market Consolidation and Key LevelsTrend Analysis Summary Market Consolidation and Key Levels: The price has reversed and stabilized in a bearish area as long as it trades below the supply zone, which is between 158.800 and 159.100, targeting 157.975 and 157.380. Bullish Scenario: For a bullish trend, the price needs to stabilize above 158.800, potentially reaching 159.810. Further stability above this level would indicate an uptrend. Bearish Scenario: The bearish area is confirmed as long as the price trades below the supply zone, targeting 157.975. There is also the possibility of a retest up to 158.800 before resuming the bearish trend. Key Levels: - Pivot Line: 158.800 - Resistance Levels: 159.100, 160.520, 161.670 - Support Levels: 158.000, 157.385, 156.580 Movement Range: The movement range will be between 158.810 and 157.385. Previous idea:
Short
by SroshMayi
GOLD / Approaching All-Time Highs...Gold Technical Analysis Based on the provided chart, the following analysis can be made: Current Outlook: - The price is currently approaching the all-time high (ATH) of 2450 and is consolidating within a narrow range. - There is a breakout zone that the price is approaching, which could signal further upward momentum if breached. Bullish Scenario: - If the price stabilizes above 2450, it is expected to continue its bullish trend. - The next target after a breakout above 2450 would be 2466. - Stability above this level would indicate a continuation towards even higher resistance levels. Bearish Scenario: - If the price fails to break and stabilize above 2450, it may consolidate or pull back. - Immediate support levels to watch are 2440 and 2428. - A break below 2428 could indicate a further decline, targeting support at 2398. Key Levels: - Pivot Line: 2440 - Resistance Levels: 2450, 2466, 2475 - Support Levels: 2428, 2420, 2398 Technical Indicators: - The indicator on the chart shows a combination of short-term and long-term moving averages, indicating that the price is currently in a strong uptrend as it approaches the ATH. - The bands are widening, suggesting increasing volatility and potential for significant price movement. Today's Expected Range: - The price is anticipated to fluctuate between the support at 2428 and the resistance at 2466, with a general bullish tendency given the current momentum. Summary: Gold is currently in a bullish trend, approaching its all-time high. The key levels to watch are 2450 for potential breakout and continuation of the bullish trend, and 2428 for potential support in case of a pullback. The market is showing signs of increased volatility, so traders should be prepared for significant movements.
OANDA:XAUUSDLong
by SroshMayi
1
US30 / Consolidation Continues Between Key LevelsTechnical Analysis: US30 The price has reached the resistance level of 40420, as mentioned in the previous analysis, and has since dropped, consolidating between 40060 and 40420. Current Outlook: The US30 is expected to decline as long as it trades below 40420, targeting 40060. A break below 40060 would suggest a continuation of the bearish trend. Bullish Scenario: For a bullish trend to be confirmed, the price needs to stabilize above 40420, with confirmation coming from a 4-hour candle closing above this level. Bearish Scenario: As long as the price trades below the resistance line at 40420, it is likely to test 40060. A break below 40060 would indicate a downtrend towards 39790. Key Levels: - Pivot Line: 40220 - Resistance Levels: 40420, 40620, 40940 - Support Levels: 40080, 39880, 39600 Today's Expected Range: The price is anticipated to fluctuate between the support at 40060 and the resistance at 40420. Note: Today's earnings reports, particularly from NYSE:UNH , NYSE:BAC , and NYSE:MS , are expected to impact the indices market. previous idea:
OANDA:US30USDLong
by SroshMayi
5
Bitcoin Technical Analysis: Bullish Momentum Amid ConsolidationBitcoin Technical Analysis The price has pushed up from our demand zone and can easily reach its resistance at 64905. As long as it trades above 62410, it will continue to push up and potentially break 64905. Current Outlook: The price is expected to consolidate between 62400 and 64905 until a breakout occurs. Bullish Scenario: As long as the price trades above 62400, it is likely to trend upward to 64900. Stability above 64910 will further confirm the bullish trend, with the next target being 70000. Bearish Scenario: For a bearish trend, the price should stabilize below 62400, targeting 59950. A close of at least a 4-hour candle below this level would confirm the downtrend. Key Levels: - Pivot Line: 62400 - Resistance Levels: 64900, 67200, 70000 - Support Levels: 59940, 56600, 52800 Expected Range: The anticipated movement range for Bitcoin is between the support at 62200 and the resistance at 66000, with a bullish tendency. Do you anticipate any upcoming events or announcements that might significantly impact Bitcoin's price movement?
BITSTAMP:BTCUSDLong
by SroshMayi
Gold Nears Record High Amid US Rate Cut OptimismTechnical Analysis: Gold The price is approaching its all-time high of 2450 and is expected to consolidate between 2450 and 2428 until a breakout occurs. Bullish Scenario: If the price continues its bullish trend to reach the all-time high of 2450, closing a 1-hour or 4-hour candle above this level will support further increases towards 2466. Bearish Scenario: For a bearish trend, the price should stabilize below 2450, potentially falling to 2440 and 2428. A strong bullish volume is required to break through the 2450 level. Key Levels: - Pivot Line: 2440 - Resistance Levels: 2450, 2466, 2475 - Support Levels: 2428, 2420, 2398 Today's Expected Range: The price is anticipated to fluctuate between the support at 2428 and the resistance at 2466, with a bearish tendency. Previous idea: Gold Rises with US Rate Cut Optimism, Approaching May Record High Gold prices rose on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut. Investors are keenly awaiting more U.S. economic data for further monetary policy cues. Powell remarked on Monday that the three U.S. inflation readings over the second quarter of this year "add somewhat to confidence" that the pace of price increases is returning to the Fed's target in a sustainable fashion. U.S. retail sales data due at 1230 GMT on Tuesday is expected to provide further direction. Gold hit multiple new highs in April and May, then retreated in June when U.S. interest rate cut forecasts were postponed, and physical demand softened in response to the high prices. In July, increased optimism for a September rate cut has driven the non-yielding bullion higher again. Combining this with the technical analysis: Bullish Outlook: Powell’s comments and the anticipation of a rate cut in September are likely to support the continuation of the bullish trend. If gold can break above 2450 and stabilize, it is expected to move towards 2466 and potentially higher. Bearish Outlook: If the economic data does not favor a rate cut, or if there is a shift in market sentiment, gold might fail to break above 2450. In this case, prices could stabilize below this level and target support zones at 2440 and 2428. Overall, while the market awaits further cues from U.S. economic data, the technical indicators combined with the current market sentiment suggest that gold is poised for significant movements, with a bullish bias given the rate cut optimism.
OANDA:XAUUSDLong
by SroshMayi
2
USOIL Technical Analysis: Key Levels and Potential ScenariosTechnical Analysis: USOIL Current Outlook: The price is expected to touch 80.70 and then consolidate between 80.70 and 81.70 until a breakout occurs. Bullish Scenario: For a bullish trend to be established, the price should reverse and stabilize above 82.27, targeting 82.25 and 84.14. There is also a possibility of a bullish retest up to 81.70. Bearish Scenario: As long as the price trades below 81.70, it is likely to drop towards 79.50. To confirm the bearish trend, the price needs to break below 80.70, ideally closing a 1-hour candle under this level. Key Levels: - Pivot Line: 81.22 - Support Levels: 79.49, 77.94, 75.35 - Resistance Levels: 81.72, 82.24, 84.14 Today's Expected Range: The price is anticipated to move between the support at 79.49 and the resistance at 82.15. previous idea:
TVC:USOILShort
by SroshMayi
MAPO CAN SHOWS NEW INCREASEI hope you all are doing well and navigating the crypto market with your best strategies that are possible. This update is for MAPOUSDT. This coin seems to be new on some exchanges and can be high risk for the short term and 100% risky when users trade and invest with not a plan. MAPO seems to be at an important key level, where it has a high chance of breaking in the coming time. WE will follow this coin with the possibility of the trend increasing and breaking. Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis that are at long term profitable. The reason for expecting this coin can increase Activation of a new trend with the possibility of starting a new cycle. Good times, everyone. This update is not trading or financial advice.
Long
by SatochiTrader