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GOLD (Bullish continuation...)Technical Analysis: Gold The gold price reversal has successfully stabilized the price upwards from 2320, continuing its ascent towards 2337 and 2342. Current Outlook: The price is expected to consolidate between 2320 and 2342 until a breakout occurs. The initial movement is anticipated to target 2337. Bullish Scenario: As long as the price trades above 2320 means will continue the bullish trend toward the first bullish station which is 2342, Confirmation: closing 4h candle above 2342 means will get 2357 and above it will continue the bullish confirmation. Bearish Scenario: A drop in price and stabilization below 2320, confirmed by the close of a 4-hour candle, would indicate a downtrend towards 2302 and 2292. Key Levels: - Pivot Line: 2320 - Resistance Levels: 2342, 2357, 2365 - Support Levels: 2311, 2302, 2292 Today's Expected Range: The anticipated trading range for today is between the support level at 2320 and the resistance level at 2357.
OANDA:XAUUSDLong
by SroshMayi
3
NAS100 Weekly Analysis/Navigating Key Pivot and Resistance LevelTechnical Weekly Analysis: US NASDAQ 100 (NAS100) A Short Outlook on the Previous Movement: The US NASDAQ 100 (NAS100) has been trading within a primary ascending channel since the significant drop during the COVID-19 period. The index experienced a strong bullish trend, reaching new highs before facing periodic pullbacks. These pullbacks have been opportunities for the price to gather momentum for further upward movement. Current Outlook: The current price of NAS100 is around 19,754.9, positioned near the pivot line at 19,103.5. The index is testing a resistance line near 20,537.0, and the market is awaiting a decisive move. The recent movement suggests potential consolidation before a breakout. Bullish Scenario: Key Trigger: Daily closing above 19,525.0 and sustained move above the resistance line at 20,537.0. Targets: The immediate target would be 20,537.0, with potential further movement towards 21,000.0. Confirmation: A break above 20,537.0, supported by strong buying volume, would confirm the bullish continuation towards 21,000.0. Bearish Scenario: Key Trigger: Daily closing under 19,525.0 and sustained move below 19,103.5. Targets: If bearish momentum continues, the price could drop towards the support line at 17,898.9, further down to 16,548.0. Confirmation: A decline below 19,103.5 and 19,525.0, along with increased selling pressure, would confirm the bearish outlook. Key Levels: Pivot Line: 19,103.5 Resistance Levels: 20,537.0, 21,000.0 Support Levels: 19,103.5 (Pivot Line), 17,898.9, 16,548.0, 15,766.2 Expecting Weekly Range Movement: - The anticipated weekly range is between the support at 17,898.9 and the resistance at 20,537.0. A breakout in either direction would define the next significant move. Preferred Direction: - Given the strong historical bullish trend and the current positioning near the resistance line, the preferred direction leans towards bullish if the price can break and sustain above 20,537.0. However, caution is advised as the market could still face significant resistance and potential pullbacks. Summary: The NAS100 is currently at a critical juncture. A breakout above 20,537.0 would confirm a bullish continuation towards 21,000.0, while a failure to break this level and a decline below 19,103.5 would signal a bearish move towards 17,898.9 and potentially 16,548.0. Traders should closely monitor the price action around these key levels to determine the next major trend. PREVIOUS WEEKLY IDEA:
OANDA:NAS100USD
by SroshMayi
EURGBP / Critical Volume Signals and Key Price LevelsTechnical Analysis: EUR/GBP (4H Chart) Current Price Action: The EUR/GBP pair is trading around 0.84722, near the pivot line at 0.84915. Key Observations: 1. Primary Support and Resistance Levels: Primary Support Line (Monthly): 0.83977 Primary Support Line (Yearly): 0.83393 Resistance Line: 0.85728 2. Supply Zone: - A sensitive decision area characterized by high volatility is identified around 0.85204 to 0.85394. 3. Support and Resistance Areas: Secondary Support Area: Around 0.84265 Resistance Area: Around 0.84915 to 0.85204 Scenarios: Bullish Scenario: Breakout Above Pivot Line: If the price can break and sustain above the pivot line at 0.84915, it could aim for the resistance area around 0.85204. A further breakout from this level could see the price move towards the supply zone and potentially higher towards the resistance line at 0.85728. Support from Rising Trend Line : The ascending trend line providing support suggests continued bullish momentum if it holds, potentially pushing the price higher. Bearish Scenario: Failure at Pivot Line: If the price fails to break above the pivot line at 0.84915, it could retreat towards the secondary support area around 0.84265. Downside Targets: Sustained bearish pressure could push the price further down to the primary support lines at 0.83977 and 0.83393. Today's Expected Trading Range: - The anticipated trading range for today is between the support level at 0.84265 and the resistance level at 0.85204. Pivot Line: 0.84915 Resistance Levels: 0.85204, 0.85394, 0.85728 Support Levels: 0.84655, 0.84576, 0.84265 Summary: - The EUR/GBP pair is currently at a critical juncture near the pivot line. A breakout above this level could signal a bullish continuation towards higher resistance levels, while failure to hold this level could see a decline towards key support areas. The next week's direction will be heavily influenced by the price action around the pivot line and the supply zone. Direction for the Next Week: Bullish Direction: Likely if the price breaks and sustains above 0.84915 and moves past 0.85204, targeting 0.85728. Bearish Direction: Possible if the price fails to break the pivot line and drops below the secondary support area at 0.84265, targeting 0.83977 and potentially lower to 0.83393. ------ There is also... Analysis Based on Volume Order Book (Expo) for EUR/GBP (4H Chart) The Volume Order Book (Expo) on the EUR/GBP 4H chart provides insights into the liquidity and potential price movement based on the distribution of orders. Here's a detailed analysis: Key Observations: 2.High Volume at 0.84915: There is a significant volume of 11.458M at the price level of 0.84915, which acts as a strong pivot point. This indicates that a lot of trading activity and interest is concentrated at this level. 2.Volume Clusters: Above Current Price: There are notable volumes at 0.85204 (5.866M), 0.85394 (4.434M), and 0.85728 (5.857M). These levels act as resistance where selling pressure might be strong. Below Current Price: There are significant volumes at 0.84655 (3.426M), 0.84576 (2.918M), and 0.84265 (2.647M). These levels act as support where buying interest is likely to be strong. Directional Bias: Bullish Indicators: Pivot Line Strength: The large volume at 0.84915 suggests that if the price can break and sustain above this level, it may indicate strong bullish momentum. Support Levels: The accumulation of buy orders below the current price indicates strong support around 0.84655 and 0.84265, which can provide a solid base for upward movement. Bearish Indicators: Resistance Levels: The substantial sell orders above the current price at 0.85204 and 0.85728 suggest that the price may face significant resistance, potentially limiting the upside.
Short
by SroshMayi
XAUUSD -Anticipating a Pullback and Subsequence Drop - 30minsHi everyone, I hope you have a great week of trading ahead and enjoyed my previous market analysis, which saw a gain of 370 pips from a short position at 2369 to 2332. For this week, we anticipate a drop in gold prices, though it may not occur immediately and could happen after a few days of range-bound movement. There is strong resistance at the 2331-2336 level. We expect gold to pull back to this range before declining further. After this range, we foresee a drop to 2307, 2296, and 2287. Please note that this is not financial advice, but rather my analysis for the upcoming week. Check the attached chart and kindly share your valuable comments.
OANDA:XAUUSDShort
by tanhaed
2
GOLD (Bullish with Key level 2320)Technical Analysis: Gold The price reached our fully bearish support which is 2292 as we mentioned and reversed, again... Current Outlook: The trend remains bullish today, with the price stabilizing above 2302. As long as it stays above these level, it is expected to reach 2323 and 2337. Bullish Scenario: As long as the price trades above 2302, it is likely to maintain a bullish trend towards 2320. then to start the next bullish area should break 2323 to get 2338, A break above 2338 could extend the bullish trend to 2357. Bearish Scenario: A 4-hour or 1-hour candle closing below 2302 would indicate a downtrend, with the price expected to trade in the bearish zone between 2292 and 2278. Key Levels: - Pivot Line: 2302 - Resistance Levels: 2323, 2337, 2357 - Support Levels: 2292, 2278, 2260 Today's Expected Range: The price is anticipated to move between the support at 2292 and the resistance at 2338, with a bullish tendency.
OANDA:XAUUSDLong
by SroshMayi
BITCOIN / Consolidation and Key Levels in FocusBitcoin Technical Analysis The price reached our target as we mentioned in the previous idea, was dropped from 64900 to 59900 our last bearish target Current outlook: The price will consolidate between 62400 and 59940 till breaking, Bearish Scenario: As long as the price remains below 62410, the bearish trend is expected to continue, with the first target at 59940. A break below this level could lead to the next bearish target of 56810. Bullish Scenario: For a bullish reversal, the price needs to stabilize above 62410, aiming for 64900. If the price moves above this level, the uptrend could extend towards 70,000. Key Levels: - Pivot Line: 62400 - Support Levels: 59940, 56600, 52800 - Resistance Levels: 64900, 67200, 70000 Expected Range: The anticipated movement range for Bitcoin is between support 56900 and 63200, with a bearish tendency. Previous idea:
BITSTAMP:BTCUSD
by SroshMayi
EURUSD / Critical Pivot Zone and Potential Breakout ScenariosTechnical Analysis: EUR/USD (4H Chart) Current Price Action: The EUR/USD pair is currently trading around 1.07032, situated near the pivot zone highlighted on the chart. Key Observations: Descending Channel: The price previously broke out of a descending channel, indicating a potential reversal of the bearish trend. Pivot Zone: The price is hovering around the pivot zone, suggesting this area is a critical level for determining the next direction. Scenarios: Bullish Scenario: Resistance Levels: The price needs to break and sustain above the pivot zone around 1.07032. A successful breakout above this level could see the pair move towards the next resistance levels at 1.07960, and eventually to 1.08538 and 1.09172. Breakout Confirmation: A clear breakout and closure above 1.07960 would likely confirm a bullish trend continuation. Bearish Scenario: Support Levels: If the price fails to hold above the pivot zone, a decline towards the demand area of around 1.06164 is possible. Further bearish pressure could push the price down to the support lines at 1.05051. Trend Confirmation: A sustained move below 1.06164 would confirm a continuation of the bearish trend. Key Levels: - Pivot Line: 1.07032 - Resistance Levels: 1.07960, 1.08538, 1.09172 - Support Levels: 1.06164, 1.05051 Today's Expected Trading Range: The anticipated trading range for today is between the support at 1.06164 and the resistance at 1.07960. Summary: The EUR/USD pair is currently at a critical juncture near the pivot zone. A breakout above this zone could signal a bullish continuation towards higher resistance levels, while failure to hold this level could see a decline towards key support areas. Traders should monitor these levels closely for signs of the next major move. Previous idea:
Short
by SroshMayi
USDCAD - Next Bullish Impulse Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish, trading within the rising wedge in blue. Currently, USDCAD is undergoing a correction phase and it is currently approaching the lower bound of the wedge. Moreover, it is retesting a strong support 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 lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #USDCAD 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
2
Gold Price Dynamics and Key Levels for TradingTechnical Analysis: Gold The gold price reversal has successfully propelled the price upwards from 2302, continuing its ascent towards 2337 and 2342. Current Outlook: The price is expected to consolidate between 2320 and 2342 until a breakout occurs. The initial movement is anticipated to target 2337. Bullish Scenario: For an uptrend to initiate, the price must remain stable above 2328 and 2320, potentially advancing towards 2337. Stability above 2342 would further support a bullish push, with potential fluctuations between 2342 and 2357. Bearish Scenario: A drop in price and stabilization below 2320, confirmed by the close of a 4-hour candle, would indicate a downtrend towards 2302 and 2292. Key Levels: - Pivot Line: 2328 - Resistance Levels: 2340, 2357, 2365 - Support Levels: 2320, 2311, 2302 Today's Expected Range: The anticipated trading range for today is between the support level at 2320 and the resistance level at 2357. previous idea:
OANDA:XAUUSDLong
by SroshMayi
Nasdaq/Bearish Trend Persists: Key Levels and Targets for TodayTechnical Analysis: Price Reversal in Focus After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week. Today's Outlook: The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520. Bearish Scenario: As long as the price trades below 19850, the bearish trend is likely to persist, with targets at 19625 and 19520, supported by strong bearish volume. Bullish Scenario: For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250. Key Levels: - Pivot Line: 19840 - Resistance Levels: 19960, 20090, 20150 - Support Levels: 19630, 19525, 19230 Today's Expected Range: The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.
OANDA:NAS100USDShort
by SroshMayi
NASDAQ Bearish Trend Persists: Key Levels and Targets for TodayTechnical Analysis: Price Reversal in Focus After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week. Today's Outlook: The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520. Bearish Scenario: As long as the price trades below 19850, the bearish trend is likely to persist, with targets at 19625 and 19520, supported by strong bearish volume. Bullish Scenario : For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250. Key Levels: - Pivot Line: 19840 - Resistance Levels: 19960, 20090, 20150 - Support Levels: 19630, 19525, 19230 Today's Expected Range: The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.
OANDA:NAS100USDShort
by SroshMayi
1
NZDCHF - Follow the Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDCHF has been overall bearish , trading within the falling red wedge pattern. Currently, NZDCHF is undergoing a correction phase and it is currently hovering around the upper bound of the wedge. Moreover, it is retesting the previous major low marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for trend-following sell setups as it is the intersection of the green low and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #NZDCHF 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
3
EUR/USD Bullish Setup and Key LevelsThe low of June 14, 2024, created a Trend Changing Pattern making a high of 1.07614. We then saw a discount towards the low but failed to make a new low. On Monday 24, June 2024 we saw a Bullish break of Structure making a high of 1.07465. The pullback low of 1.06836 before that bullish move is the Key price that gives us a high probability of bullish activity as long as the price stays above 1.06836. Based on the price information, our high probability trade is to buy a 15Mins close above 1.06994. Stop Loss: 1.06836 Target 1: 1.07465 Target 2: 1.07614 Think in Probability: As traders, you must be careful to align your behavior and expectations with the following principles: - Anything can happen - An EDGE is only an indication of one thing happening over another - There is a random distribution between wins and losses - You don't need to know what will happen in order to make money in trading.
Long
by Charts247TradingAcademy
1
GOLD Bearish Momentum with Key Levels to WatchTechnical Analysis: Gold The price is poised to reach 2320 today and, if it breaks this level, it will likely continue its bearish trend towards 2311 and 2302. Current Outlook: The price is expected to consolidate between 2320 and 2337 until a breakout occurs. The initial movement is anticipated to target the 2320 level. Bullish Scenario: To initiate an uptrend, the price must break above 2342, potentially moving towards 2357. Stability above 2320 would also support a bullish push, with the price fluctuating between 2320 and 2337. Bearish Scenario: The current downtrend from 2335 and 2337 is expected to target 2320. A 4-hour or 1-hour candle closing below 2320 would confirm a bearish trend, with the price anticipated to trade in the bearish zone between 2302 and 2320. Key Levels: - Pivot Line: 2328 - Resistance Levels: 2337, 2342, 2357 - Support Levels: 2320, 2311, 2302 Today's Expected Range: The price is anticipated to move between the support at 2311 and the resistance at 2342. previous idea:
OANDA:XAUUSDShort
by SroshMayi
USNAS100 (LIKELY STARTING A BEARISH TREND)with retest possibiltyTechnical Analysis: Price Reversal in Focus After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week. Today's Outlook: The bearish trend is expected to continue as long as the price remains below the pivot zone which is 19625 and 19800, potentially targeting 19250 and 19100. Bullish Scenario: For a bullish reversal, the price needs to rise above 19800, aiming for targets of 19960 and 20100. Bearish Scenario: As long as the price trades below 19625, the bearish trend is likely to persist, with targets at 19520 and 19250, supported by strong bearish volume. Key Levels: - Pivot Line: 19625 - Resistance Levels: 19800, 19960, 20100 - Support Levels: 19525, 19250, 19110 Today's Expected Range: The price is anticipated to fluctuate between the support at 19250 and the resistance at 19800, with a downward trend expected for today.
OANDA:NAS100USDShort
by SroshMayi
US30 Poised for Bullish Surge: Key Levels and Scenarios to WatchTechnical Analysis: US30 After stabilizing above the pivotal zone at 39,410, the price has shifted towards a bullish trend. It appears poised for a retest of the 39,410 level, after which it is expected to resume its upward movement, provided it maintains stability above this pivot. Current Outlook: The price will likely attempt a retest of around 39,400. Should it stabilize above this price, the bullish trend is expected to continue. Bullish Scenario: Sustained stability above 39,410 will bolster the bullish trend, potentially driving the price towards 39,575, and further to 39,780. Bearish Scenario: A bearish trend would be confirmed if the price breaks below 39,410 and 39,350, with targets at 39,230 and 39,045. Key Levels: - Pivot Line: 39,410 - Resistance Levels: 39,575, 39,780, 40,050 - Support Levels: 39,230, 39,045, 38,790 Today's Expected Range: The price is anticipated to fluctuate between the support at 39,360 and the resistance at 39,790.
OANDA:US30USDLong
by SroshMayi
MASA SHOWS SINGALS OF BREAK IN THE COMING TIME $0,15MASA is an interesting trend we're watching time by time. We think there's a good chance this coin will rise and could potentially reach $0.15. Over the long term, it might show even more positive results. We expect this because the latest data shows growing interest and increased trading volume. Recently, the coin had a dip, but now it looks like it's starting to go up again. We'll keep an eye on this coin for two main targets: $0.09 $0.15 Let's see what impact this coin will have. more updates here below with new time frames. The chart shows an example of how a target could go to the end price action, but it does not thats it should go the same way. we know that sometimes a break needs confirmation time. not every coin can become successful for a trader, but a good trader follows the coin that has the most chance to increase and break in that time frames. Like and follow for more. The best trades for everyone!
Long
by SatochiTrader
Gold's Bullish Momentum:Eyes on 2342 Amid Strong Support at 2320Technical Analysis: Gold Current Outlook: The trend remains bullish today, with the price stabilizing above 2320. As long as it stays above these levels, it is expected to reach 2337 and 2342. Bullish Scenario: As long as the price trades above 2320, it is likely to maintain a bullish trend towards 2342. Bearish Scenario: A 4-hour or 1-hour candle closing below 2320 would indicate a downtrend, with the price expected to trade in the bearish zone between 2302 and 2320. Key Levels: - Pivot Line: 2320 - Resistance Levels: 2335, 2342, 2357 - Support Levels: 2311, 2303, 2392 Today's Expected Range: The price is anticipated to move between the support at 2302 and the resistance at 2342.
OANDA:XAUUSDLong
by SroshMayi
Consolidation Phase:Key Levels and Scenarios for Market MovementTrend Analysis Summary Market Consolidation and Key Levels: The price recently reached the resistance line and corrected down to the support line at 158.800. Currently, it is expected to consolidate between 159.820 and 158.800 until a breakout occurs. Stability below the support zone (159.100 - 158.800) suggests a potential drop to 157.970. Bullish Scenario: For the bullish trend to continue, the price must break above 159.820 and close a 4-hour candle above this level, aiming for a target of 161.700. Bearish Scenario: As long as the price trades below 159.820, it may attempt to drop again to gather bullish momentum. Stability below 158.800 could lead to a decline toward 157.970. Key Levels: - Pivot Line: 159.820 - Resistance Levels: 160.500, 161.300, 161.850 - Support Levels: 159.220, 158.800, 157.980 Summary: The market is in a consolidation phase between 159.820 and 158.800. A break above 159.820 signals a bullish continuation toward 161.700, while stability below 158.800 indicates a potential drop to 157.970. previous idea:
by SroshMayi
xauusd first buy and sell targets for monday marketthe last week our prediction of xauusd become 100% true, for monday we are posting a simple buy and sell target. more detailed analysis will be followed. buystop ; entry 2322 tp2332 sl better to hedge sell stop entry 2320 tp 2312 sl better to hedge The US Dollar emerged as the clear winner on Friday, buoyed by a robust performance in the latest S&P Global PMI data. In contrast, Gold prices tumbled after the data signaled continued resilience in the US economy, dampening expectations for aggressive interest rate cuts by the Federal Reserve. The Markit PMI data, a key gauge of business activity, surprised analysts across the board. The composite PMI for June clocked in at a healthy 54.6, exceeding expectations of 53.5 and remaining steady compared to the previous month's reading of 54.5. This broad-based strength suggests the US economy is likely on track for a solid second-quarter performance. Manufacturing Resilience: The manufacturing PMI also impressed, rising to a three-month high of 51.7. This figure surpassed forecasts of 51.0 and the prior reading of 51.3, indicating continued expansion in the sector despite ongoing global supply chain challenges. Booming Services: The services sector, which accounts for a larger share of the US economy, delivered an even stronger performance. The S&P Global Services PMI for June surged to a 26-month high of 55.1, exceeding expectations of 53.7 and the previous month's reading of 54.8. This robust expansion reflects healthy consumer spending and business investment, underpinning optimism for continued economic growth. Gold Feels the Heat: The robust PMI data sent shockwaves through the Gold market. Investors, anticipating a dovish pivot from the Fed due to potential economic slowdown, had flocked to the safe-haven asset in recent months. However, the PMI results suggest that the Fed may hold off on aggressive rate cuts, dampening the appeal of Gold. Spot Gold prices plunged after the data release, falling by over 1% in a single day and slipping below the crucial $2,330 mark.
OANDA:XAUUSD
by realmillionairefx