XAUUSD: Bullish Momentum Heading for Key ResistanceXAUUSD is trending within an ascending channel and is currently respecting its structure. Price action is approaching the upper boundary of the channel, which aligns with the marked resistance zone near 2705.302. This area may act as a supply zone, triggering retracements or reversals.
A short-term pullback toward the mid-channel or the highlighted demand zone near 2684.00 could occur before a continuation toward the 2705.302 target. Traders should look for bullish continuation patterns, such as a breakout above resistance or higher lows on the pullback, to confirm further upside potential. Conversely, a break below the demand zone might indicate bearish momentum.
Trend Lines
Trading Signal for (XAU/USD) for Today 13-15 sell below $2,695. Gold is trading around 2,682 with a bullish bias after having found a strong support around the 21 SMA located at 2,660
Gold could face a strong resistance around 5/8 Murray located at 2,695 which could be seen as an opportunity to sell with targets at 2,660.
With a consolidation above 2,695 (5/8), the instrument could continue the bullish momentum and we expect gold to reach 2,734 where the 6/8 Murray is located which could represent a strong overbought area.
In the next few days, we could sell gold below 2,695 with the first targets at 2,660.
The price could even fall to the 200 EMA located at 2,645.
On the H1 chart, gold is reaching overbought levels. so, we will look for opportunities to sell in the next few hours, with targets at 2,675 and 2,665.
Opportunity Awaits on $FWOG - Scaling In Soon! I’m waiting to scale in at 24c, with a potential to add at 20c if conditions allow. Watching for a retest of the recent impulse move.
For this to happen, BTC would need to drop below 90k and into the low 80k range. Not expecting it unless we see that significant BTC pullback.
This is a macro play, and I’m willing to wait a couple of weeks to see how it plays out.
MEXC:FWOGUSDT
GBP/USD Analysis: Strong Trend Aims for Lower Channel TargetGBP/USD continues to push lower as the bearish trend gains momentum. While a potential trouble area could disrupt the move, the strength of the current trend suggests a high probability of targeting the lower boundary of the channel. Keep an eye on key levels for confirmation.
Gold Trading Update: Upward Channel Faces Potential ReversalGold is currently trading within an upward channel after breaking a significant weekly trendline. However, this leg of the channel may lose momentum, potentially forming a mini triple top or an inner head-and-shoulders pattern. A reversal could see gold retesting the recently broken trendline, providing a key area to watch for future moves.
USDJPY next phase dump coming like the previous times too wildAs we can see price is once again near resistance and daily high zone and sell pressure here soon will dump it hard and at least we are looking for 500-750 pips fall which is half of what happened pervious time here and it is also possible why not.
DISCLAIMER: ((trade based on your own decision))
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GBPUSD wait for huge correction and gain to the upside nowAs we said before price is near major daily support zones and now is touching first daily support zone and soon we are looking for start of our bull scenario and our target which is 1.2800 to be hit and +700 pips profit.
DISCLAIMER: ((trade based on your own decision))
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GBPCHF Buy Trade IdeaHello Traders
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NZDCAD Selling Trading IdeaHello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
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EURUSD Will be in bearish direction after Breaking ChannelHello Traders
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NZDUSD is in the Selling DirectionHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
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AUDUSD Selling Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
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Gold: Key CPI Report and the Critical $2,700 Resistance** Contrary to the previous analysis, gold posted a significant rally, reaching around $2,700. Two scenarios are under consideration for its next move. The first involves a continuation of the rally, which requires breaking the $2,700 resistance and consolidating above it, a level gold has failed to surpass three times. The second scenario suggests completing a corrective wave in response to the $2,700 resistance.
It is advisable to wait for the release of the U.S. inflation report and assess gold's reaction to this critical resistance before entering a trade.
GBPCAD Continuation SellOn the monthly, price has yet to reach the D extension. We had a shallow retracement on the monthly fib with a stall out at the 1.18 1.27 extension. We had weekly and daily rejection at 1.82XXX.
Long term picture, I see the potential for a sell down to 1.580XX. Shorter term (4HR), I see two possibilities, price could begin to retrace from current 4HR level 1.759XX or push down to the second Weekly level at 1.749XX and retrace back up to the 38.2 1.776X where we have 4HR resistance. The retracement up could be tradeable.
For this leg of price, I see the potential for a sell to 1.739X with further downside potential to 1.716XX. At 1.7166X I think it will be time to re-evaluate once we see how price reacts at this level.
HelenP. I Euro can rebound from trend line and continue to fallHi folks today I'm prepared for you Euro analytics. If we look at the char we can see how the price reached the trend line and then at once dropped to resistance 2, which coincided with the resistance zone. Later price broke resistance 2 and the nsome time traded below this level, after which declined to resistance 1. But then the Euro made impulse up to resistance 2, making a gap, after which continued to trades near resistance 2. When the price reached the trend line, it started to decline near this line and later declined to resistance 1, after which turned around and in a short time rose to the trend line, after which dropped below resistance 1, breaking it too. But soon, the Euro turned around and tried to back up, and failed, after which continued to fall near the trend line. For this case, I expect that EURUSD will rise to the trend line and then continue to decline next. That's why I set my goal at 1.01 points. If you like my analytics you may support me with your like/comment ❤️
HelenP. I Gold will rebound down from resistance zoneHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price rebounded from the trend line and rose to the support level, which coincided with the support zone and broke it. Then price continued to grow and later reached the resistance level, which coincided with the resistance zone and even broke this level and rose a little more. After this, Gold turned around and made impulse down to the support level, breaking the resistance level, after which turned around and started to grow. Later, Gold reached the 2690 level one more time and broke it one more time, but this time it rose a little higher than the past breakout, to 2726 points. After this movement, the price in a short time declined to the support zone, breaking resistance with the support level and also the trend line too, and then started to grow inside the upward channel. In the channel, the price grew to the trend line and recently it even entered to resistance zone, exiting from the channel. But soon, Gold started to decline and for this case, I expect that XAUUSD will enter to resistance zone and then rebound down to the channel, where it falls to 2655 points. If you like my analytics you may support me with your like/comment ❤️
XRP is poised to surge toward $4 The possibility of #XRP reaching $4 is an exciting speculation, especially for traders and investors in the cryptocurrency market. Such predictions are often based on a combination of factors like technical analysis, market trends, regulatory developments, and broader crypto adoption.
Here are some potential factors that could support this hypothesis:
1. Positive Regulatory Developments: Ripple’s partial victory in its SEC lawsuit has boosted investor confidence. Further favorable rulings or regulatory clarity could push XRP’s price upward.
2. Increased Utility: Ripple’s focus on cross-border payments and partnerships with financial institutions could lead to increased demand for XRP, driving its price higher.
3. Market Sentiment: A bullish overall crypto market could help XRP gain traction, especially with renewed interest in altcoins.
4. Technical Breakouts: If CRYPTOCAP:XRP breaks through key resistance levels in its charts, it could trigger a rally to $4 or beyond.
5. Institutional Adoption: Large-scale adoption by financial institutions and payment providers could significantly impact XRP’s value.
Are of potential entries :
2.4 - 2.1
1.9 - 1.6
Trading Note
While the prospect of XRP hitting $4 is thrilling, it’s crucial to stay grounded. Use risk management strategies like stop-loss orders and avoid over-leveraging your positions. Always base your trades on a mix of technical analysis and fundamental research.
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ST Long Entry ZoneCloser look at the method I use to identify entry. I will tend to buy a small amount with no stop loss on the candle i think will get closest to the bottom trendline, wait to see if next candle confirms uptrend, and then buy the majority of the order there with some left over to throw in as the price action is certain to move up from the channel. Ill set my stop loss during any time the price action slows and mix market and limit orders depending on how quickly its moving. Use the fib channel levels to determine limit prices as well as stop loss levels. So far $16-$30 of variance is a good idea for anything that requires reliability if trading perps using 1-5min charts(this one is 15m).