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XAUUSD major support and resistance for the daysupport: 2348 2337 2327 2322 2312 2306 Resistance: 2365 2374 2388 2395 2404 2412 2421 The bottoming sign in the 1D timeframe is clear, but the upward momentum still falls short of expectations. If a strong uptrend forms today, we could see a high of 2,370 in the 1D timeframe, after completing this uptrend, we will then assess whether there will be a correction or if the bullish trend will continue. In the 4H timeframe, it is just lacking a bit of momentum for an uptrend. With another rise on Thursday to break through 2,342 and the Bollinger upper band widening, it will form a strong uptrend. This could lead to a significant surge, and combined with the target in the 1D timeframe, we could see a rise of about US$30 this week. like boost follow us for more market updates
OANDA:XAUUSD
by realmillionairefx
GOLD / Bullish Momentum with Key Support at 2323Technical Analysis: Gold As noted yesterday, the price pushed up from 2323 and reached our target of 2344. Current Outlook: The trend appears bullish for today, with the price stabilizing above 2323 and 2327. As long as it remains above 2323, it is expected to reach 2354 and 2357. Bullish Scenario: - As long as the price trades above 2323 and 2327, the trend remains bullish towards 2357. A break above 2357 could continue the bullish trend towards 2369. - There is a possibility of a price correction down to 2327 or 2323. Bearish Scenario: - Closing a 4-hour or 1-hour candle below 2323 would indicate a downtrend, with the price moving towards the bearish area around 2303. Key Levels: - Pivot Line: 2327 - Resistance Levels: 2345, 2357, 2369 - Support Levels: 2311, 2302, 2292 Today's Expected Range : - The price is anticipated to move between the support at 2323 and the resistance at 2357. Summary: - Maintaining a position above 2323 supports a bullish outlook, targeting higher resistance levels. - Conversely, breaking below the support line could shift the trend to bearish, aiming for a lower support zone.
OANDA:XAUUSDLong
by SroshMayi
Plan Your Trade 6/21 - SPY Cycle PatternsPlan your trade to prepare for future price moves using my proprietary SPY Cycle Patterns. This is a continuing video series related to my proprietary SPY Cycle Patterns. These unique patterns highlight potential price moves/trends weeks and months in advance. I wanted to highlight the next 15+ trading days on the charts and track these potential setups to see how closely my expectations translated into price moves. About 3+ days into this experiment, we should see a Top/Resistance price trend today. This is usually where the price attempts to rally upward to a peak, then rolls downward, seeking a new base/bottom. Follow my research and learn how to Plan Your Trades more efficiently.
AMEX:SPY
by BradMatheny
USNAS100 / Bearish Reversal Following All-Time HighTechnical Analysis: Price Reversal After reaching an all-time high, the price has reversed. Today's Outlook: The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520. Bullish Scenario: For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250. 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. 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
GOLD / Bullish Momentum Aims for Higher TargetsTechnical Analysis: Gold The price has risen from 2323, as mentioned yesterday, and has successfully reached our target of 2357. Current Outlook: The trend remains bullish today, with the price stabilizing above 2357 and 2362. As long as it stays above these levels, it is expected to reach 2377 and 2386. Bullish Scenario: As long as the price trades above 2357 and 2362, it is likely to maintain a bullish trend towards 2377 and 2386. A break above 2386 could extend the bullish trend to 2397. Bearish Scenario: A 4-hour or 1-hour candle closing below 2357 would indicate a downtrend, with the price expected to trade in the bearish zone between 2357 and 2344. Key Levels: - Pivot Line: 2357 - Resistance Levels: 2377, 2386, 2397 - Support Levels: 2344, 2333, 2323 Today's Expected Range: The price is anticipated to move between the support at 2357 and the resistance at 2386, with a bullish tendency. Summary Gold has reached 2357 from 2323. Today’s outlook is bullish if the price stays above 2357 and 2362, targeting 2377 and 2386, potentially reaching 2397. A close below 2357 may turn the trend bearish towards 2344. Expected range: 2357 to 2386 with a bullish bias. previous idea:
OANDA:XAUUSDLong
by SroshMayi
1
S&P 500 Index Technical Analysis and Intraday ForecastS&P 500 Index Technical Analysis The price has declined from its resistance level of 5529 and is currently trading in a bearish zone. As long as it remains below the pivot line, the bearish trend is expected to continue towards 5410. Intraday Analysis: Today, the price is likely to stabilize below 5479, maintaining the bearish trend towards 5440 and 5410. Bullish Scenario: For a bullish reversal, the price must stabilize above 5502. If this occurs, the bullish trend may target 5529 and subsequently 5550. Bearish Scenario: As long as the price trades below the pivot zone, which lies between 5502 and 5479, it is expected to decline further towards 5440 and 5410. Key Levels: - Pivot Line: 5479 - Resistance Levels: 5502, 5529, 5550 - Support Levels: 5440, 5410, 5373 Today's Expected Trading Range: The anticipated trading range for today is between the resistance at 5502 and the support at 5410.
OANDA:SPX500USDShort
by SroshMayi
When you go to buy, don't show your Silver!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 XAGUSD has been overall bullish, trading within the rising wedge in blue. Currently, XAGUSD is undergoing a correction phase and it is currently approaching the lower bound of the wedge. Moreover, it is retesting the previous major high 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 previous high and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #SILVER 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
OANDA:XAGUSD
by TheSignalyst
xauusd analysisin the past fee days we can find that xauusd is accumulating in a particular zone of 2325-2332 area. where 2322 is showing a great resistance to the bull and a big zone for bearish reversal. SO WHAT WILL HAPPEN IF THIS ZONE IS BEEN BROKEN? See if this zone is broken xauusd will be tested at 2336 and if this is broken xauusd will go through resistance zones at various point including, 2348 2355 2366 2376 2388 2396. 2421. so eventually this zone can now considered as a pivotal point for the upcoming market movement. In the alternative scenario what will happen if xauusd again retraces from 2332 area? it will be falling to the support area as follows< 2312 2306 2295 2282 2282 2267 2240 Both the bearish and bullish speculations have 50:50 chance. like boost and follow us for more market related updates and news
OANDA:XAUUSD
by realmillionairefx
GOLD to go down +300 PIPShort XAUUSD Trading Position on 30 min timeframe Initial Take Profit: 2310 SL: 2345.67 Gold shows a possibility of breaking down an ascending channel, where the price has fluctuated just underneath a 4h structure break. It is expected to break the showed trendline and reach the 1h parallel channel's bottom. Traders should be cautious and monitor key levels of support and resistance, as well as 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
SPx continues to move towards a new bullish area.S&P 500 Index Technical Analysis The S&P 500 (SPX) has maintained its bullish trend as anticipated and continues to move towards a new bullish area. Intraday Analysis: Today, the price may stabilize above 5502 to continue the bullish trend towards 5530 and 5550. Bullish Scenario: As long as the price trades above 5502, the bullish trend is likely to continue, targeting 5530 and 5550. There is also a possibility of a price correction down to 5480 before pushing up again. Bearish Scenario: If the price drops and stabilizes below 5479, it may enter a downtrend towards 5438 and 5410. Key Levels: - Pivot Line: 5502 - Resistance Levels: 5530, 5550, 5595 - Support Levels: 5479, 5440, 5410 Today's Expected Trading Range: The anticipated movement range for today is between the resistance at 5550 and the support at 5479. Summary: Maintaining a position above 5479 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5479 indicates a bearish trend, with potential support targets at 5438 and below.
OANDA:SPX500USDLong
by SroshMayi
SMART MONEY CONCEPT EXPLAINEDThe Smart Money Concept (SMC) involves understanding the behavior and strategies of institutional investors to inform trading decisions. Within SMC, there are several key components and strategies, including concepts like CHoCH (Change of Character), BOS (Break of Structure), FVG (Fair Value Gap), and others. Here's an in-depth explanation of these concepts: 1. Change of Character (CHoCH) Definition CHoCH refers to a significant shift in market sentiment or trend. It's a point where the market changes direction, indicating a potential reversal. Identification Higher Highs to Lower Lows (or vice versa): In an uptrend, CHoCH occurs when the market stops making higher highs and starts making lower lows, signaling a possible downtrend. Volume and Momentum Shifts: Increased volume or momentum in the opposite direction can also indicate a change of character. Application Entry/Exit Points: CHoCH helps traders identify potential entry and exit points by signaling when a trend might be reversing. 2. Break of Structure (BOS) Definition BOS occurs when the price breaks a significant support or resistance level, indicating a continuation or reversal of the trend. Identification Support/Resistance Levels: When price breaks these levels with strong momentum, it signals a BOS. Swing Highs and Lows: A break above a previous swing high or below a previous swing low is considered a BOS. Application Trend Confirmation: BOS helps confirm the direction of the trend, allowing traders to align their trades with the prevailing market direction. 3. Fair Value Gap (FVG) Definition FVG represents a price gap left in the market where there was a rapid price movement, often due to high volatility or significant market orders. Identification Price Gaps: FVGs are visible as gaps on the price chart where little to no trading occurred. Imbalance Zones: These are zones where the buying and selling are not balanced, leading to rapid price movement. Application Retracement Points: FVGs often act as magnets for price, as the market tends to revisit these gaps to fill them, providing potential retracement or entry points for traders. 4. Other Major Parts of the Smart Money Concept Liquidity Pools Definition: Areas in the market where a large number of orders are clustered, typically around key support and resistance levels. Application: Institutions often target these areas to trigger stop-loss orders, creating liquidity for their trades. Order Blocks Definition: Consolidation areas where institutions place large buy or sell orders, creating a base for future price movement. Identification: These are visible as zones of consolidation on the chart. Application: Order blocks can act as strong support or resistance levels, providing potential entry or exit points. Institutional Candles Definition: Large candlesticks that represent significant institutional activity. Identification: These candles are usually much larger than the surrounding ones and often occur at key levels. Application: They signal strong buying or selling interest from institutions, indicating potential future price direction. Stop Hunts Definition: The practice where institutions push the price to trigger stop-loss orders placed by retail traders to create liquidity. Identification: Sudden, sharp price movements towards obvious stop-loss levels. Application: Recognizing stop hunts can prevent premature exits and provide entry points at better prices. Market Cycles Accumulation Phase: Period where smart money is building positions, often characterized by sideways price movement with low volatility. Mark-Up Phase: After accumulation, the price starts to move upward rapidly as institutions push the market in their favor. Distribution Phase: Institutions begin to offload their positions, leading to sideways movement with high volatility. Mark-Down Phase: Following distribution, the price moves downward rapidly as institutions sell off their positions.
Education
by realmillionairefx
EURUSD / Bullish Trend Above 1.0740 with Key Levels to WatchEUR/USD Outlook Current Outlook: The price is expected to trade in the bullish zone, having reversed and stabilized above the pivot zone. Bearish Scenario: The price would need to reverse and stabilize below 1.0707 to initiate a bearish trend. Bullish Scenario: As long as the price remains above 1.0740, the bullish trend is expected to continue, targeting 1.0796. Key Levels: - Pivot Line: 1.0740 - Support Levels: 1.0680, 1.0620, 1.0505 - Resistance Levels: 1.0796, 1.0850, 1.0915 Expected Trading Range: The price is anticipated to move between the resistance at 1.0796 and the support at 1.0707. In summary, maintaining a position above 1.0740 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 1.0707 indicates a bearish trend with potential support targets.
Long
by SroshMayi
GOLD (Reversing to bullish trend)Technical Analysis: Gold The price reversed to a bullish trend after closing 4h candle above 2332, so the next bullish station is 2337 and 2357 Current Outlook: The trend appears bullish for today, as the price has stabilized above 2323. As long as it remains above 2323, it is expected to touch 2338, and above it will get 2357 Bullish Scenario: as long as the price trades above 2323 means has a bullish trend toward 2337 and then should break 2338 to continue the bullish trend till 2357, There is also the possibility of a price correction down to 2323.5 Bearish Scenario: As long as the price trades below 2321, it is likely to drop to 2302. A 4-hour candle close below 2292 would suggest a further downtrend towards 2260. Key Levels: - Pivot Line: 2321 - Resistance Levels: 2337, 2357, 2369 - S upport Levels: 2302, 2292, 2260 Today's Expected Range: The price is anticipated to move between the support at 2223 and the resistance at 2357. In summary, maintaining a position above 2323 supports a bullish outlook, targeting resistance levels. Conversely, breaking under the support line could shift the trend to bearish, aiming for a lower support zone.
OANDA:XAUUSDLong
by SroshMayi
GOLD (It looks bearish trend) while under 2321Technical Analysis: Gold The price will consolidated between the 2321 and 2302 zones. Current Outlook: The trend appears bearish for today, as the price has stabilized below 2321. As long as it remains under 2321, it is expected to touch 2302, and under it will get 2292 Bullish Scenario: For a bullish trend to be activated, the price must break through the resistance zone between 2321 and 2327, targeting 2337 and 2357. Bearish Scenario: As long as the price trades below 2321, it is likely to drop to 2302. A 4-hour candle close below 2292 would suggest a further downtrend towards 2260. Key Levels: - Pivot Line: 2321 - Resistance Levels: 2337, 2357, 2369 - Support Levels: 2302, 2292, 2260 Today's Expected Range: The price is anticipated to move between the support at 2278 and the resistance at 2328. In summary, maintaining a position below 2321 supports a bearish outlook, targeting lower support levels. Conversely, breaking above the resistance zone could shift the trend to bullish, aiming for higher targets.
OANDA:XAUUSDShort
by SroshMayi
USNAS100 New All-Time High with Strong Bullish MomentumTechnical Analysis: New All-Time High with Strong Bullish Momentum The price has recorded a new all-time high, indicating strong bullish momentum. Today's Outlook: The indices market is expected to be volatile due to upcoming retail data releases. Bullish Scenario: If the price remains stable above 19,880, it is likely to continue the bullish trend, potentially reaching 20,250. Bearish Scenario: If the price breaks below 19,880 and closes a 4-hour candle under this level, it may enter a downtrend, targeting the demand zone between 19,625 and 19,525. Key Levels: - Pivot Line:** 19,880 - Resistance Levels: 20050, 20150, 20250 - Support Levels: 19685, 19525, 19255 Today's Expected Range: The price is expected to fluctuate between the support at 19,525 and the resistance at 20,060. In summary, stability above 19,880 favors a bullish outlook with higher resistance targets, while a break below this level suggests a potential bearish trend toward lower support zones. Fundamental Analysis: S&P 500 and Nasdaq Futures Near Record Highs Ahead of Key Data Market Overview: U.S. stock index futures were steady on Tuesday, with those tracking the S&P 500 and the Nasdaq hovering near record highs. This comes ahead of crucial retail sales data and commentary from several Federal Reserve officials. Key Economic Data: Focus is now on fresh economic data from the United States, including: - May Retail Sales: This data will be closely watched for insights into consumer spending. - Industrial Production: A key indicator of economic health. - Business Inventory Data: Provides insights into supply chain dynamics and business confidence. Federal Reserve Commentary: Comments from U.S. Federal Reserve officials will be scrutinized for their views on the current economic situation and future monetary policy. Recent projections indicate that the Fed now anticipates just one interest rate cut this year, down from the three previously forecasted. In summary, the market is poised for potential volatility as investors await key economic data and insights from Federal Reserve officials, which could provide direction on future monetary policy.
OANDA:NAS100USDLong
by SroshMayi