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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
USNAS100 / Price Reversal in FocusTechnical Analysis: Price Reversal in Focus Today's Outlook: The price will try to touch 19625 and 19525 from the resistance line which is 19835 there is a sensitive point, stability above 19960 means will touch 20100 Bearish Scenario: As long as the price trades below 19835, the bearish trend is likely to persist, with targets at 19625 and under that will be 19525, supported by strong bearish volume. Bullish Scenario: Reversing to stabilize above 19960 means will push up to get 20100 and closing 4h candle above 20095 means will start a new bullish trend Key Levels: - Pivot Line: 19835 - 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
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