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XAUUSD analysis for the week 1/07/2024 to 05/07/2024 After touching just above the $2,290 support level on Wednesday, gold prices surged higher intraday. This level has proven to be a formidable support barrier since April, consistently reinforcing itself as the lower boundary of a sideways trading range. This range has encompassed the majority of price action since April, indicating a neutral mid-term outlook. In the short term, gold is likely to continue oscillating within this established range. Momentum indicators provide promising signals: RSI (Relative Strength Index): The RSI has broken above the neutral 50 level, suggesting an increase in buying pressure. MACD (Moving Average Convergence Divergence): The MACD has made a bullish crossover, indicating a potential shift in momentum towards the upside. Analysis Summary: Trend : The recent intraday movement above the $2,290 support level points to a clear upward trend. Momentum: Bullish signals from the RSI and MACD suggest a positive shift in momentum. Strategic Recommendation: Primary Strategy: Buying the dips is recommended, as the strong support level and bullish momentum indicators signal further price increases. Target Levels: First resistance target: $2,337 Subsequent resistance target: $2,348 2362 2377-85 Conclusion: With a clear upward trend, a robust support level at $2,290, and bullish momentum indicators, gold prices are poised to rise. Investors should consider buying on dips, targeting the resistance levels at $2,337 , 2347, 2362, 2377 and 2385.
OANDA:XAUUSDLong
by realmillionairefx
TWT/USDT - THE UNEXPECTED BREAK 2024 up $1.40since the BTC breakdown and where the markets looks red for the low time frame trend, can TWT show an unexpected break.. This depends on the TA view of TWT and the least data of this coin. We have been interested since today in TWT to follow the coming time to check if it can break even in these red times. looking TWT for the first confirmation. -Confirmation targets between $1.08 and $1,15 -Power target $1.40 -The best Diamant target $1.82 We have seen before that TWT did find the volume before also from this area and with around the same correction. Beta idea chart TWT/USDT This chart idea depends on the high chance of whales buying which could be for cycle interest and DCA. In most times such increases are unexpected and 1 line break. There is no reason to enter any market directly, and in times when the markets are red its better to wait for confirmations as trading can be very risky. This idea is a high scenario, which means not trading advice as all our updates now and in the future.
Long
by SatochiTrader
USDCHF - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCHF has been overall bearish, trading within the falling wedge in red. Currently, USDCHF is hovering around the upper bound of the wedge. Moreover, it is retesting a resistance zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #USDCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top 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
Short
by TheSignalyst
1
GOLD Amid NFP movement scenarios (Sensitivity!!!)Technical Analysis: Gold The price pushed up and reached our target we mentioned yesterday which is 2365, and already stabilized above it. Current Outlook: The trend remains bullish today, with the price stabilizing above 2356. As long as it stays above these levels, it is expected to reach 2378. Bullish Scenario: As long as the price trades above 2356, it is likely to maintain a bullish trend towards 2378. A break above 2378 could extend the bullish trend to 2392. Bearish Scenario: A 4-hour or 1-hour candle closing below 2356 would indicate a downtrend, with the price expected to trade in the bearish zone between 2343 and 2337 Key Levels: - Pivot Line: 2361 - Resistance Levels: 2378, 2387, 2397 - Support Levels: 2356, 2342, 2320 Today's Expected Range: The price is anticipated to move between the support at 2342 and the resistance at 2379, with a bullish tendency. NOTE: Today NFP will affect the GOLD market NFP Scenarios: - Previous Result: 272K - Expectation: 191K If the NFP release is less than 191K, the Gold Market will follow a bullish scenario. Conversely, a result exceeding 191K, particularly around 250K, would likely lead to a bearish scenario. previous idea:
OANDA:XAUUSDLong
by SroshMayi
1
S&P 500 / Key Price Levels and Scenarios Amid NFP ImpactS&P 500 Analysis: Navigating Volatility with Key Price Levels and Scenarios Amid NFP Impact The S&P 500 currently faces a significant supply zone between 5525 and 5550, having recently hit a new all-time high at 5550. Despite this, the broader outlook remains bullish, especially after stabilizing above the previous resistance level of 5525. However, the upcoming Non-Farm Payroll (NFP) report is poised to significantly impact the market. Bullish Scenario: To maintain the bullish momentum, the price needs to break through the supply zone and continue upward towards 5635. A 4-hour candle closing above 5550 would indicate a continued uptrend for the following week. Bearish Scenario: Conversely, if the price drops and stabilizes below 5525, it would signal a bearish trend, potentially leading to declines towards 5491 and 5460. Key Levels: Pivot Line: 5550 - 5525 Resistance Levels: 5590, 5620, 5645 Support Levels: 5491, 5460, 5440 Today's Expected Trading Range: Today's trading range is anticipated to be between the resistance at 5635 and the support at 5460. NFP Scenarios: - Previous Result: 272K - Expectation: 191K If the NFP release is less than 191K, the indices are likely to follow a bullish scenario. Conversely, a result exceeding 191K, particularly around 250K, would likely lead to a bearish scenario. In summary, the market's direction hinges on the NFP results and critical price levels. Monitoring these key levels and the NFP report will be crucial for navigating the S&P 500's volatility.
OANDA:SPX500USD
by SroshMayi
Gold’s Bearish Potential +280 PIP potentialShort XAUUSD Trading Position on 30 min timeframe Initial Take Profit: 2303.45 SL: 2340.50 Gold shows a possibility of a bearish movement after breaking an ascending trendline. The price has fluctuated just underneath a 4-hour structure break. It is expected to continue below the shown trendline and reach the previous day’s bottom again. The trend lines drawn on the chart initially suggested support levels, but the most recent movement has broken these trend lines, turning them into current resistance lines. Additionally, the most recent higher high indicates a significant pullback downward, signalling potential further downside and a potential break of the existing structure. Traders should exercise caution and closely monitor key levels of support and resistance. Additionally, they should be alert for any further bearish signals that may confirm this potential move. I would be grateful to get your feedback on this idea if you have any opinions to share. ✽↝✔ Esteem your Analysis and seek improvements ⌁ @AbdullahTech ♾
FUSIONMARKETS:XAUUSDShort
by AbdullahTech
ETH - Next Bullish Impulse Soon?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETH has been overall bullish, trading above the rising trendline marked in blue. Currently, ETH is undergoing a correction phase and approaching the lower orange and blue trendlines. Moreover, it is retesting a strong support and demand zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support zone and blue/orange trendlines acting as non-horizontal support. 📚 As per my trading style: As #ETH is around 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
XAUUSD daily analysis 03/07/2024our yesterdays analysis on xauuad was perfect and all our signals hit take profit. today the market is going to have various news and these news are going to put market in volatility. ▶️Long positions above 2319.00 with targets at 2337.00, 2348 2355 2362 2376 2385 ▶️Below 2319.00 look for further downside with 2311.00 , 2306 2296 2288 2282 Supports and resistances 2355.00 2348.00 2337.00 2332.00 2319.00 2311.00 2306.0 more detailed analysis will be posted soon BOOST US AND FOLLOW US
OANDA:XAUUSD
by realmillionairefx
USDJPY / Sustained Bullish Momentum with Key Support at 157.97USD/JPY 4-Hour Chart Analysis Trend Analysis: - The 4-hour chart exhibits a prevailing uptrend, characterized by higher highs and higher lows, signifying sustained bullish momentum. - Recently, the price has encountered some volatility but continues to hold above critical support levels. Bullish Scenario: - As long as the price trades above 157.97, the bullish trend is expected to persist, targeting 159.82. A possible retest of the 157.97 level may occur, followed by a renewed upward push. Bearish Scenario: - For a bearish shift, the price must breach the support line at 157.97, potentially targeting 157.38. Key Levels: - Pivot Line: 157.975 - Resistance Levels: 159.200, 159.820, 161.700 - Support Levels: 157.390, 156.590, 155.950 Conclusion: The USD/JPY 4-hour chart indicates a strong bullish trend with ongoing upward momentum. It is advisable to consider long positions, aiming for the resistance levels at 159.82. While monitoring for potential consolidation or pullbacks is essential, the bullish trend remains the preferred direction at this time.
Long
by SroshMayi
2
SPx / Strong Pivot Line at 5460 Key to Navigating VolatilityS&P 500 Analysis: Navigating Volatility with Key Price Levels and Scenarios The price has reached the support line at 5460 and is now experiencing bullish volume towards 5491. However, consolidation is expected between 5460 and 5491 until a breakout occurs. Intraday Analysis: The price is likely to consolidate between 5460 and 5491 until a decisive break in either direction. Bullish Scenario: Stability above 5460 suggests a move towards 5491. For the bullish trend to continue, the price must stabilize above 5491. Bearish Scenario: If the price remains below 5460, it is expected to decline towards 5440. A break below 5440 would signal a further bearish trend, potentially reaching 5410. Key Levels: - Pivot Line: 5460 - Resistance Levels: 5491, 5525, 5550 - Support Levels: 5440, 5410, 5375 Today's Expected Trading Range: The anticipated trading range for today is between the resistance at 5505 and the support at 5410.
OANDA:SPX500USD
by SroshMayi