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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
EURUSDEuro zone had made many financial plans to strengthen the economy. And our last analysis for eurusd was perfect with hitting target and earning good returns. the next week week expect a major upward movement for eurusd as dollar index is also expecting a downfall retracement from its upward movement which will inturn boost euro zone and weaken dollar. bullish target 1.0760 we will do more detailed analysis of eurusd once the market is open Follow us for more such updates Boost us so that we can reach more people.
Long
by realmillionairefx
3
oil crudewe anticipate a long term buy for crude oil based on the following analysis of crude oil which is an amalgamation of both fundamental technical analysis. WTI crude oil continues its upward trajectory, with hourly prices testing the upper bounds of the ascending channel. If the short-term ceiling holds, prices could still experience a rapid pullback. The 38.2% Fibonacci retracement level stands at $80.02, with larger pullbacks potentially reaching the 50% level at $79.51, followed by the 61.8% level at $78.99 near the channel bottom and the 200-day SMA dynamic inflection point. The stochastic oscillator dropping from overbought territory indicates rising selling pressure, with room for oscillators to decline further before reflecting bearish exhaustion, which suggests that the correction could persist until such exhaustion is observed. The RSI is also trending downward, indicating that crude oil prices may follow suit until oversold conditions are met and oscillators rebound. However, the overall structure shows the 100 SMA above the 200 SMA, confirming that the path of least resistance remains upward, or that support levels are more likely to hold than break. In this scenario, oil prices may continue to rise toward the swing highs around $81.69 or higher. In terms of trading strategy, it is recommended to buy the dips. ENTRY ; 80.00 tp 85 sl 78.80 risk reward ratio ; 120;500 (approximately 5 times more reward). Follow us for such market related updates contents and news boost us for increasing our reach to more people.
TVC:USOILLong
by realmillionairefx
GBPJPY The Bank of England's Monetary Policy Committee (MPC) voted 7-2 to keep the Bank Rate unchanged, aligning with broad expectations. Swati Dhingra and Dave Ramsden again voted to lower the rate by 25 basis points to 5.00%. The BoE indicated that as part of the August (rate cut) forecast, the Committee will review all available information to assess whether the risks of persistent inflation are diminishing. Based on this assessment, the Committee will determine how long the Bank Rate should be maintained at the current level. Despite CPI falling to 2% in May, the Bank expects CPI to "rise slightly" in the second half of the year due to base effects from last year's energy price declines. Additionally, the Bank noted that services inflation at 5.7% was "somewhat higher" than projected in the May monetary policy report. In terms of growth, GDP appears to have grown "more strongly than expected" in the first half of the year but remains at a quarterly growth rate of around 0.25%. Market Outlook: We are less concerned with the timing of the BoE's first rate cut and more focused on the expected limited and gradual rate cuts. For us, the biggest issue is not necessarily the timing of the first rate cut, but the pace and extent of rate cuts after the first one. In an era of global economic fragmentation, supply-side fluctuations, and fiscal activism, 2% is the lower bound for inflation, not the upper limit. This suggests a gradual easing cycle, with rates stabilizing above pre-pandemic levels. Gbpjpy again has a potential buy pattern and if it crosses the pivot we can first expect a down market and further a potential further downward or upward retracement. bullish targets: 202.05 202.30 202.57 202.80 Bearish Targets: 201.50 201.28 201.02 200.80 For more updates follow us Boost us so that we can reach more people
Long
by realmillionairefx
QQQ Thursday Gap Up ReversalShort-term & small sample, but an interesting pattern nonetheless... If we look back at similar events to Thursday's action, they've all been short-term tops in the market. We're looking at: (1) Gap up open on a Thursday; (2) Bearish reversal closing near the lows of the day; (3) Increased Volume from the prior day(s); (4) Preceded by a good run in the market. I think it's worth noting, although I'm not sure the market dynamic behind it, that these recent short-term tops have all occurred on a Thursday. So seeing similar-type action this past Thursday is sending up a short-term cautionary signal, especially after such a strong runup over the last few weeks. I want to emphasize 'short-term' though, because the long-term trend is still very much in tact. It may also be worth noting the lack of breadth under the hood as an additional short-term cautionary sign, although there are certain areas and groups that have been participating... it's been very much a stock picker's type of environment.
NASDAQ:QQQ
by apaqu
BTC - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After breaking below the structure marked in orange, BTC has been bearish trading within the falling wedge pattern marked in red. Currently, BTC is approaching the lower bound of the wedge. Moreover, it is retesting a strong support zone $60,000 - $62,000.. 🏹 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 zone and lower 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
Long
by TheSignalyst
BTC - Bullish potential"This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions." The market has been in a prolonged downtrend, with a sharp decline in BTC causing significant volatility in the Alt Coin market. Currently, BTC is positioned at a key resistance level, suggesting the potential for an upward movement. The market sentiment is buoyed by some positive news, but liquidity issues remain a concern. Adequate liquidity is essential to support any bullish momentum and counteract the bearish pressures.
Long
by EnmiloX