XAUUSD: 23/12 Market Analysis and StrategyGold technical analysis
Daily resistance 2660, support below 2580
Four-hour resistance 2650, support below 2600
Gold operation suggestions: Last Friday, the overall technical side of gold ushered in a wide range of long and short shocks. After the continuous decline and plunge on Thursday, the previous day, breaking the 2600 mark, it rebounded slightly throughout the day on Friday. It ushered in an accelerated high breakthrough before and after the US market and stood above the 2610 mark to continue the bullish rebound. It closed near 2622 last Friday. Today, gold opened in the Asian session and was not strong. It began to fluctuate. Gold has not had a unilateral market for the time being.
From the 4-hour analysis, today's short-term support below is around 2627, focusing on the 2600 first-line support, and the upper pressure is around 2650-60. It is bullish above the 2627 daily level long-short watershed. Because Christmas is coming soon, gold can be bought on dips.
BUY:2627near
BUY:2622near
Technical analysis only provides trading direction!
Trend Analysis
Gold Spot (XAUUSD) 4H Chart AnalysisOur Preference
Double Top Formation
The 4-hour chart of Gold Spot (XAUUSD) shows a classic double top pattern, indicating a potential bearish reversal. The resistance at the double top is marked
clearly around the 2629 level.
Key Levels:
Double Top Resistance: 2629
Stop Loss (SL): Set slightly above the resistance at 2,662 to manage risk.
TP1: Around 2,617
TP2: Around 2,605
TP3: Around 2,583
The price breakdown below the neckline triggers short trade opportunities targeting TP1 through TP3. Monitor for any bullish attempts to regain momentum
that might challenge this setup. Always practice proper risk management while trading.
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
SYN about to trap some bullsWe've entered the orange structure and overshot our normal target due to consolidation in the B phase. However, the red sequence started prematurely, turning before reaching the reversal zone. This suggests the current structure may not follow typical patterns.
The forming green structure, with constantly lower lows in the X phase, is concerning, especially given Synapse's relatively new data and the untested equal lows acting like a magnet for liquidity.
Given my outlook on Bitcoin falling further, I expect the green structure to fail and the range low to be taken out before any bullish structures form. So, I'd advise caution: wait and see how the market reacts at the range low. Once we see a bullish structure, then it's time to trade. For now, patience is key.
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OIL Price Rejected It Has been Downward TrendGo Through the This Analysis Oil Price Rejected to Buy Side .
Given In the chart Direction also based on the market Condition it has been downward Trend.
Fallow on the chart Direction Oil Price Suggesting To Has Support Zone near Price will Move 67.50.
You Can see more details in the chart PS Support with Like and Comments for more insights.
Quick Short Trade Setup: 1:2 RR | 4H Downtrend Break+Confluence🔍 Trade Idea:
This setup is based on the break of a 4H downtrend, aligning with key confluence factors:
1️⃣ A support level near a previous demand zone.
2️⃣ The VWAP median support acting as an additional confirmation.
📊 Key Levels:
• Entry: On a confirmed bounce at VWAP median support.
• Stop-Loss: Tight stop 21.15.
• Target: 2x the risk for a 1:2 RR.
🕵️ Analysis:
Price action shows consolidation near support, indicating potential momentum shift. The downtrend break provides directional bias, with VWAP and support adding strength to the setup.
On a weekly level LINK has support on fib 0.382 retracement and the weekly support of 22.03. On HTF LINK is still bullish.
⚠️ Risk Management:
Always use proper risk management and position sizing. This is a short-term trade idea and requires quick execution and monitoring.
**Disclaimer:**
This post is for educational and informational purposes only and does not constitute financial advice. Trading involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Always do your own research, consider your financial situation, and consult with a professional financial advisor before making any trading or investment decisions. I am not responsible for any losses incurred as a result of your trading or investment activities. Trade responsibly!
XAUUSD Price Breakout Next Target 2660 XAUUSD Gold Once again Grow Based on the market Condition From Last Days Price will Break From 2610 Then fallow the Market Condition Then Expected Next Target 2660 To Buy Side.
If You Are Trading or monitoring gold Prices keep eye on The Market interest Rates and Geopolitical events can heavily influence gold Prices.
Rate Share your Idea What's Going On Thanks.
12.23 Technical Analysis of Gold Short-term OperationsLast week, the gold market opened at 2650.3 at the beginning of the week, then rose slightly to 2664.7, then fluctuated and fell. The weekly line reached a low of 2582.6, then rose at the end of the trading day, and finally closed at 2622.8, and then the market closed in a hammer-like pattern with a long lower shadow. After this pattern ended, the weekly line was rubbed and consolidated. In terms of points, today's decline to 2610, stop loss at 2600, and the target is 2635 and 2640.
Yo ho ho and a #BottledUp $RUM (Post IPO Phase Base?) Is this break out real? Paytience Pays as noted with SMCI today...
I do like the "somewhat" inverse head n shoulder base, but its definitely not NEAR as clean as the CVNA Post IPO Phase Base seen here;
This can be a "sympathy" play ie; highly correlated movement, with $DJT...
I like this look with the hype currently building... Great things take time... Don't get chopped to bits before the real move/meat comes.
Just some post boring market day #Thots
Is TAIKOUSDT Setting Up for a Bullish Breakout?Yello Paradisers ! #TAIKOUSDT is demonstrating impressive resilience amidst the market-wide dump, maintaining its position at critical support levels. Could this be the calm before the storm, signaling a significant move ahead? Let’s break it down.
💎#TAIKO has been trading above its crucial support zone for days, forming a stable foundation.This robust base suggests a strong probability of upward momentum.
💎The pair recently broke out of a descending trendline, retested it successfully on lower timeframes, and is showing early signs of strength.However, the market structure is still in flux, and a complete shift is yet to occur.
💎A pullback to the trendline is possible before any sustained upside move. This would allow the price to gather strength for its next leg up.
💎TAIKO is now trading just above the quarterly VWAP, which acts as a strong dynamic support. This adds confluence to the bullish narrative, suggesting that bulls are active and preparing for an upward push.
💎Immediate resistance lies at $2.32–$2.39. Once flipped into support, this could pave the way for a push towards the next significant resistance at $2.79–$2.88.
💎For the bullish scenario to remain valid, the price must hold above the major support zone. A decisive candle close below this level could signal a shift in momentum and invalidate the upside potential.
💎TAIKO's near-term trajectory will depend heavily on how it handles the retests of key support and resistance zones. A breakout above resistance could trigger a strong rally, while failure to hold critical levels might indicate more downside pressure.
💎As always, patience and discipline are key. The market rewards those who wait for clear confirmations before taking action. Will TAIKO achieve a bullish structure shift and outperform the market? Time will tell, but the signs are promising.
Consistency, patience, and strategic execution are the keys to long-term success. Remember, Paradisers, trading is a game of probabilities, not guarantees. Stay disciplined, and let the market come to you. Always wait for the best setups.
MyCryptoParadise
iFeel the success🌴
EOS shall increase soonEOS is definetly creating a double bottom. Cause of The Divergence on MACD we can be sure of an Incoming Bearish movement. which crafts the next Bottom. afterward we can hope for the bullish movement happen( as much as the depth of a bottom) resistance zone is also shown on the Chart.
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USDCAD BUY OR SELL BIASAs we can see price is clearly is a strong uptrend on USDCAD, price has formed a symmetrical triangle pattern which entells price to either go long or short. If is buy , price has to go above the supply zone and retest and long and for sell price has to go break the demand zone and retest then we short. No confirmation, no entry 🚫