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Trend Line Break

💡 XAUUSD: Forecast March 5World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy. According to UBS analyst Giovanni Staunovo, weaker-than-expected US economic data released last week pushed US real interest rates down and this is the cause of gold's price increase. Last week, gold prices rose about $50 as reports showed tepid construction and manufacturing spending in the US as well as downward price pressure. Market strategist Phillip Streible of Blue Line Futures predicts that gold can easily surpass record highs as he sees upcoming events as beneficial for the precious metal. Specifically, this expert believes that in his upcoming testimony before Congress, Fed Chairman Jerome Powell may appear more dovish about his policy. Besides, a gloomy employment report will be the next catalyst for gold to break out.
OANDA:XAUUSDLong
by Stone_Haven
Strategy to sell today, predict a decrease then increase againWorld gold prices continued to increase with spot gold increasing by 12.1 USD to 2,127.2 USD/ounce. Gold futures last traded at 2,136.4 USD/ounce, up 10.1 USD compared to yesterday morning. World gold prices continue to surge as the market becomes increasingly certain that the US Federal Reserve (Fed) will loosen monetary policy in June after a series of weak economic reports. TD Securities commodity strategist Bart Melek said that the main factor pushing gold higher this week is the expectation of the first interest rate cut. The market is increasingly confident that the Fed will soon make a easing decision. This expert predicts that, with such confidence, the world gold price could be pushed to 2,300 USD/ounce in the second quarter of this year. Besides, safe haven demand due to concerns related to the conflict in the Middle East also strongly supported the yellow metal. Gold, often used as a safe store of value during times of political and financial instability, has increased by more than $300 since the start of the Israel-Hamas conflict. This expert added that it would not be surprising if gold prices increased when the Fed discussed loosening monetary policy. However, this precious metal will surge even further when the first interest rate cuts are carried out. Currently, the market is eagerly waiting to see what Fed Chairman Jerome Powell will say at his testimony before Congress this week to know more about the US interest rate roadmap. In addition, the February employment report scheduled to be released on Friday is also information that attracts investors' attention because this data can change market sentiment and push gold to a closer range. This. According to the CME FedWatch tool, traders now see a 70% chance that the Fed will begin cutting interest rates in June.
OANDA:XAUUSDShort
by FalCol_TradingMaster
ALPH/USDT | GATE.IO | Micro/Macro Strategy | Daily TFi've loved alph very much since its inception. this chart has played out so well for me in these last 6 months. finally another competitor PoW coin for the people. i have been and will continue to stack this coin, if you haven't already. Do a little research on Alephium mining. it's easy AF and simple passive income, especially if your graphics cards are just idle, put them to work guys!. here is my micro/macro trade for ALPH/USDC on the Daily TF. I do expect plenty of volatility as we stress the top of our previous ATH. Also, as we do poke at this previous top a bit I will be watching on the 4hour for any re-entries and liquidity dips. for now, i'm holding, watching the 4HR, daily & weekly timeframes for quick wicks of liquidity grabs. in 2 weeks or less we will have our directional answer. no stops set here, only limit orders. my direction is heading North!
Long
by LeftyOnFire
GOLD → Distribution continues. Is the target of 2150 relevant?FX:XAUUSD strengthens to 2120 and forms a new local consolidation within the distribution after coming out of a prolonged consolidation. Should we wait for further growth? The price has entered an empty range of 2085 - 2150, within which there is no resistance, which suggests that the price can reach ATH - 2145-2150 quite easily and quickly. Consolidation, from which the price recently came out, lasted for 3 months, which allowed the market to accumulate a huge potential. The realization of such potential may take 20-40% of the duration of this consolidation. But, it is not about the distribution, but about the whole upward movement. Gold continues to form a global bullish trend. Consolidation is forming on H4. Breakout and consolidation of the price above 2020 will form the potential for further growth to the maximum. Resistance levels: 2120, 2145, 2150 Support levels: 2110, 2100 I expect growth to continue within the realized distribution phase, as the market has not yet reached its target. Local corrections, traps are possible, but the target may be reached in the near future TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
GOLD → Distribution phase. When do we reach 2150?FX:XAUUSD is moving out of range. A distribution is being formed. During the trading week the price strengthens by 2.5%, and the closing of the price on Friday gives us prerequisites for further movement As part of the outlook, gold has quite an interesting path ahead. Interest in the metal is increasing, especially within the framework of the unstable 2023 and early 2024. All of last week was favorable for gold as the US market pulsed with negative economic data. This contributed to the end of the consolidation and the beginning of the distribution. US regulators are not doing a very good job. Inflation is still high, jobless claims are rising, GDP is falling. But what they are confidently doing well is keeping interest rates flat for extended periods of time. lol Prolonged consolidation is getting a denouement. Price is moving out of the triangle upward, breaking the range resistance. And the prerequisite for the resistance breakout was volume growth and consolidation formation near the upper boundary of the range. Since we see the distribution on the background of volume growth, and the closing of the daily candle on Friday indicates that the movement is not over, we can assume that the breakout of 2084 will provoke the continuation of growth to 2090, 2100 and further to 2150 - ATH. Based on the general situation at the moment, we can distinguish two highly probable scenarios. Since the market is bullish, as evidenced by the previously mentioned facts, we can conclude from the current assumptions: resistance breakout, realization phase, distribution, Friday candle closing, growing volume, that we should look for further growth. Scenario 1 : Consolidation between 2087 and 2078 followed by a squeeze to 2087, breakout and rise to 2100 and 2125 Scenario 2 : Correction to 2078, to Fibo 0.236. False breakout, return to the range of 2087 - 2078. Breakout of resistance and growth to ATH Resistance levels: 2082, 2087 Support levels: 2078, 0.236 fibo, 0.382 fibo COMEX_MINI:MGC1! COMEX:GC1! TVC:GOLD TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
18
BITCOIN → Rally stop. When do we reach $69 000 - $70 000?BINANCE:BTCUSD is testing 64K on the background of the rally triggered by the huge buying interest and is likely to enter the consolidation phase again. There is a little more than 10% to the global target, when will we reach it? img: Strong zones, market circumstances and long-term outlook The prospects for BTC are quite high as BTC-ETF advertising campaigns, trading volumes, records in ETFs, buying interest in both BTC and BTC-ETFs together continue to gain momentum. BTCUSD is testing 64K quite a bit faster than everyone expected back in January-February. The strong distribution is once again transitioning into consolidation. At the moment, intermediate and global targets are 64900, 67800 and 69000. Strong support zones are the 50-52K zones and the places where strong lines are crossed. Based on market data, a huge amount of BTC was bought here, which makes this area an intermediate market bottom. Also worth noting is the 59K-60K support, similarly, there has been huge buying in this area, which also identifies this area as an intermediate bottom and strong support. img: Actual situation on H1-H4. Formation of consolidation As for local prospects. The 64K-60K range is being formed. This range plays the role of consolidation while the price is restrained by its borders. On the background of price stoppage after strong growth, GBTC outflows increase again, some resistance area is formed, as well as strong liquidity below the local lows. While the price is in consolidation, all these areas of liquidity will be liquidated, the price may test the support of 61K, 60K, 59500, as well as 0.236 fibo or even 0.382 fibo. Inside this range, between 64-60K, it is not worth to open trades, the best choice will be strong support areas. As for selling: Against the backdrop of a strong trend, selling should be treated very carefully. I would recommend waiting for a test of ATH - 69K. Or the formation of strong preconditions to break the support of the current consolidation (59500-60500 lvl). A strong rally is unlikely to break 69K from the first time. The price will either form a deep correction or there will be another consolidation range. But we will discuss this after the retest of the high. Support levels: 60500, 59600, 57600 Resistance levels: 63300, 63600, 64900 Consiliation is likely to be formed now and this phase should be considered on H1-H4 timeframes. Within the consolidation there may be retests of deeper levels, as well as false breakdowns of strong zones CME:BTC1! BINANCE:BTCUSDT CRYPTOCAP:BTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
89
Gold continues to increase, which entry to enter the order?World gold prices increased sharply with spot gold increasing by 34.9 USD to 2,115.1 USD/ounce. Gold futures last traded at 2,124.4 USD/ounce, up 28.7 USD compared to yesterday morning. World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy. Last week, gold prices rose about $50 as reports showed tepid construction and manufacturing spending in the US as well as downward price pressure. The next important economic information awaited by the market is the February jobs report to be released on Friday. This data is expected to impact expectations of interest rate cuts in the US. According to the CME Fed Watch tool, markets are pricing in a 67% chance that the Fed will cut interest rates in June.
OANDA:XAUUSDLong
by FalCol_TradingMaster
💡 XAUUSD: The upward momentum continuesWorld gold broke the resistance level of 2,050 USD/ounce thanks to expectations of loosening monetary policy by the US Federal Reserve (Fed) after somewhat weak US economic reports were published. Although prices have recovered, many analysts are concerned that gold may encounter difficulties. After each time the precious metal breaks the resistance level, the market quickly receives a sell-off trigger for profit-taking by investors. Profit-taking could push prices back into the range that has been in place for some time now. Gold Price Forecast: Last week, 14 analysts participated in Kitco News's gold survey. The surprising thing is that no one predicts gold prices will decrease in the near future. The survey showed that 79% of analysts believe that gold prices will increase in the near future, while the remaining 21% think that gold prices will move sideways. Meanwhile, 175 votes in Kitco's online survey. 77 retail investors (44%) expect gold to increase in the near future. Another 43 people (25%) predict the price will decrease, while the remaining 55 people (31%) think the gold price will go sideways.
OANDA:XAUUSDLong
by Stone_Haven
GOLD → Re-test 2085. The distribution is not yet finalized FX:XAUUSD is testing the maximum. After a long consolidation, a distribution phase is formed, which leads to a false breakdown of the intermediate resistance level. What should we wait for next, decline or growth? The distribution phase is clearly demonstrated on the background of volume growth. The price is testing the intermediate level of 2084.5 and forms a false breakdown. The value of the level is big enough, but not enough to turn the market. The 2084 area continues to hold the price, but based on the data on the H1 chart we can assume that gold will test this resistance with the aim of breaking through it, as the distribution phase is not over yet. If the compression to the upper boundary of the consolidation on H1 continues, namely to Friday's high, a breakout and further growth to the next intermediate targets may happen with a high probability. Support levels: 2079,5, 2069.9, 2065 Resistance levels: 2088.4, 2100 The growth is not over, as the realization of the accumulated potential inside the consolidation is not exhausted yet. There is a possibility of correction, but at the break of 2079.5. But still, I stick to the break of resistance and further growth TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDLong
by RLinda
11
💡 GOLD: Forecast March 4Gold had an extremely strong price increase in the last session of the week. Buy signals were activated after the price broke the important confluence level of 2050, this break marked the end of the previous downtrend. Now that the initial target of the long position has been approached (around 2080), you should consider reducing risk by moving the SL and/or exiting the order partially. The 2080 area has been an extremely strong resistance level in the past, so it cannot be ruled out that sellers will return here and create downward corrections before the uptrend continues. If you don't have any buying position yet, you should wait for the opportunity after the corrections and avoid chasing prices at this time.
TVC:GOLDLong
by Stone_Haven
💡 XAUUSD: Expected to reach a shocking peak in the near futureCentral bank gold purchases have “surged to record levels” in recent years, as regulators seek to diversify reserves and reduce credit risk. China and Russia are leading gold purchases, while India, Türkiye and Brazil are also increasing bullion imports in large quantities. Citi Bank experts said: “The most likely path to $3,000/ounce of gold is the rapid acceleration of an existing but slowly developing trend - de-dollarization of banks. central banks in emerging markets, thereby leading to a crisis of confidence in the US dollar.
OANDA:XAUUSDLong
by Stone_Haven
3
Shiba Inu Technical Analysis: Consolidation or Breakout?Current Situation: Shiba Inu has entered an accumulation zone, indicating a period of consolidation where buyers and sellers are reaching an equilibrium. Despite facing resistance just above this zone, Shiba has managed to regain some of its strength. The price is currently hovering around its 10-day moving average, a key technical indicator. Potential Moves: Breaking above the Trendline (TT Line): This could lead to a downward channel breakout, potentially lowering the price range. ⬇️ Breaking above the MACD Signal Line (Green Line): This could signal a bullish breakout, leading to a potential price increase. ⬆️ Breaking below the RSI Support Line (Blue Line): This could indicate a loss of momentum, potentially leading to a price decline. ⬇️ Additional Observations: Rising Trading Volume: The recent increase in trading volume suggests heightened volatility in the near future. Potential for Uptrend: Based on the rising volume, there's a chance for Shiba to climb toward the next weekly resistance level if it moves. Overall: From a technical analysis standpoint, Shiba Inu is currently in a consolidation phase. The direction of the price will depend on whether it breaks above or below key technical levels like the TT Line, MACD Signal Line, and RSI Support Line. The increased trading volume suggests a potential for significant price movement in the coming days. This analysis is for informational purposes only and should not be considered investment advice. Please conduct your own due diligence before making any investment decisions
Long
by solinash1
2
USOIL, LongPrice has been growing in an ascending channel since price hit low @ $67.68 on December 13th, 2023. Fundamentals reported two weeks ago revealed that the Iraq refinery has been re-opened since its closure more than 10 years ago and that meant more supplies which fell the oil price from $78.69 to $75.73 The following week was met with USOIL demand where buyers picked the price from the $75.73 all the way up to $80.3 by the end of last week's market closing. What do i expect this week?? I expect the USOIL price to retest the support and liquidity zone at $78.24 and with this holding, price could drive up to $81.95 that is if the support holds. My Support is $78.240 and target is $81.95
FX:USOILSPOTLong
by AbeikuGlobal_FX
2
Science of Trading ApproachToday, I'm excited to share a detailed approach for trading GBPUSD. If you're considering a short position, here's a comprehensive strategy: 1. 1-Hourly Chart: Shark Patterns at 1.2676 - Wait for Shark Patterns to complete at 1.2676 on the 1-hourly chart. - Look for a trading combo within the chart when the market retests the Trendline Break (red line). - Ensure the market doesn't violate the trendline during this process. 2. 4-Hourly Chart: Bearish Gartley Pattern at 1.2725 - The ideal scenario is for the Bearish Gartley Pattern to complete at 1.2725 on the 4-hourly chart. - Aim for completion before Monday, March 4, 2024, by 5 pm. Patterns completing after this time are considered disqualified. This Science of Trading approach allows for a meticulous analysis and synchronization of different patterns across multiple timeframes. It provides a well-defined strategy for traders looking to short GBPUSD. Feel free to share your thoughts and insights. Are you considering a similar approach or have different plans for GBPUSD? For a visual representation, please refer to the chart link in the TradingView post.
Short
by RaynLim
Week Of 2/25/2024 Gold Performance Never have i ever though id trade Gold so here we are! After analyzing the previous week for Gold, Gold was still in a strong bullish market. With this information, heading into the first day of the week, would be the beginning of a good one! Gold formed a new higher high indicating a continuation of a strong bullish market, then later retracing to form a higher low, prompting new supply and demand zones. With this retracement, gold formed a descending wedge pattern which is a bullish pattern that is used to catch the trend break of a retracement during a bullish trend. To continue, because the market is bullish, we are only looking to enter in a buy after the trendline break of the descending pattern, and this will be the first round of profits for the week for a profit of 1.5% at a total of 53.7 pips! After the trade, price failed to break past the previous high and retraced back to the higher low. As price failed to break the previous higher low, we can confidently predict, price is in a range market, and because the overall trend is bullish, we can throw another trendline and the starting point of the current retracement, and wait for price to break that trendline to ride it up to our target percentage. Furthermore, this would be our second round of profits for 1.5% at a total of 57.2 pips! Now with a net profit of 3%, coming into Thursday, price broke the supply zone and formed a higher high! After that, price started to retrace a bit and once it formed a second point of data, we are able to throw in another trendline which ended up breaking early morning for our third round of profits at 1.5% for a total of 109.8 pips! All in all, we ended the week with 4.5% gain on the account and no losses! Consistency is the key to trading. even though the travel of price was different with each trade especially on friday, your target should always be 1.5-2% of your total account size. your lot size will vary depending on the setup and how far your target loss is. You do not have to take the full move of a break. You only need a piece of it!
FOREXCOM:XAUUSDLong
by AzzenWazHere
GOLD → Retest of 2050. Can the price go even higher?FX:XAUUSD is breaking through strong resistance and testing the 2050 area, favorably influenced by the fundamental background from Thursday. The market is trying to move into a bullish phase, but globally the price is held back by a huge sideways flat. Idea from 29.02: GOLD → Consolidation is narrowing. The calm before the storm On H4 we see the price trying to form a consolidation above the previously broken trend lines of resistance. Support at 2041 is now playing an important role. Since the opening of the session on Friday, gold tested this area with a false breakdown, after which a bullish impulse was formed and XAU is already testing the resistance 2048. Img: Current situation: resistance breakout on H4 A break of this area will confirm the price going beyond the correction, which may help the upside to 2057-2060. But, a correction from 2048 is possible before a further rise to the above targets, and we should also pay attention to today's news. It is necessary to watch the price reaction to this zone. Resistance Levels: 2047.8 - 2049, 2057 Support levels: 2044, 2041 I expect the growth to continue, because both technically and fundamentally, the market is pointing to it now. But, there may be a fall in the price if the structure of 2044-2041 is broken. In this case, the price may head towards the channel support TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
20