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BTC/USD Bullish Breakout Setup – Targets & Stop-Loss StrategyThis BTC/USD 4-hour chart shows a symmetrical triangle formation, with price respecting both the ascending trendline and descending resistance. The price is currently near the support of the triangle and could make another move toward equilibrium before testing the upper trendline. Key levels and target - Resistance at 90,726 (target area ). - Support at the ascending trendline and weak low at 78,913. - A breakout above the triangle resistance could lead to bullish momentum toward 94,818 . A reaction at equilibrium may decide whether BTC continues consolidating or breaks out. Keep an eye on volume and momentum for confirmation. 1. 90,726 – A key resistance level and the first bullish target. 2. 94,818 – If BTC breaks above the first target, this level could be the next upside resistance. 83,500 – A safer stop-loss level below recent swing lows, reducing the chances of getting stopped out by short-term volatility. A breakout above the symmetrical triangle with strong momentum could push BTC toward these levels. Watch for confirmation at the equilibrium zone and a successful breakout for further upside movement.
BITSTAMP:BTCUSDLong
by TRADE_CENTER_1
Why the US strategic reserve is a bad thing for crypto.Another Controversial Opinion Honestly, I’m frustrated with how this is unfolding. Crypto was never meant to be controlled by the USA—it was created as a humanitarian concept to empower individuals, offering a decentralized, anonymous, and universally accessible financial system. But, as always, when there's money, resources, or anything valuable, the USA steps in to take control. Take the music industry as an example—one of many sectors transformed (or destroyed) by the US. Why Is the US Crypto Stockpile a Bad Thing? Because it goes against Satoshi Nakamoto’s vision. By aggressively accumulating and stockpiling Bitcoin, the US is making crypto less attractive to the rest of the world. People who assume every country will blindly follow the US are mistaken. What's beneficial for the US is not necessarily good for China, India, Pakistan, Indonesia, or any country competing against US financial dominance. Unlike gold, which can be mined anywhere, the US stockpiling over 200,000 Bitcoin gives it a massive advantage. Other nations may reject crypto simply because they see it becoming a US-controlled asset. The Political Weaponization of Crypto Now, Trump is positioning himself as "The Crypto President"—which, while beneficial under his leadership, means that Democrats will inevitably become the anti-crypto party. Turning crypto into a political weapon is dangerous in the long run. Is gold tied to a political party? No. So why should crypto be? Conclusion Crypto needed regulation, and that’s it. The US obsession with controlling everything valuable often ends up destroying it. Let’s not forget: crypto is nothing without its global communities—and where are most of these people? In countries that are actively resisting US financial dominance, primarily in the BRICS nations. When Trump and his family rug-pulled $1 billion through Trump/Melania meme coins, that money didn’t just come from the US—it came mostly from foreign investors gambling on memes. This is not what Satoshi Nakamoto envisioned when he released Bitcoin as open-source software for humanity. The end result? The SPX500 dictates the market, Bitcoin follows, and altcoins mirror Bitcoin. Wall Street is now the puppet master of crypto. If crypto follows the path of the music industry, billionaires will get richer, but ordinary people won’t. Altcoins will be wiped out, and Bitcoin will dominate everything.
CRYPTOCAP:TOTAL
by CryptoNikkoid
33
White House Crypto Summit 2025Today on March 7th the White House will host a Crypto summit for the first time. This summit is expected to host many prominent figures in the space, here are some of the main ones: Michael Saylor Founder of Strategy. ● David Bailey CEO of Bitcoin Magazine. ● Matt Huang Co-founder of Paradigm. ● Zack Witkoff Co-founder of world liberty financial ● SEC Chairman Paul Atkins ● Changpeng Zhao (CZ) Co-founder of Binance. ● Kyle Samani Managing partner at Multicoin Capital. ● Anatoly Yakovenko Co-founder of Solana. ● Charles Hoskinson Co-founder of Cardano. ● Sergey Nazarov Co-founder of Chainlink. ● Brian Armstrong CEO of Coinbase. ● Vlad Tenev CEO of Robinhood. ● Arjun Sethi CEO of Kraken. ● Kris Marszalek CEO of Crypto(.)com. ● Brad Garlinghouse CEO of Ripple. Trump is expected to sign executive orders at 3PM EST during the summit but what these orders are is not confirmed as of yet. I would speculate the "Strategic Reserve" including BTC,ETH,SOL,XRP & ADA would be an EO in some capacity as all of the founders/CEOs of those projects are in attendance. Perhaps regulatory framework, a tariff based system to reward US based crypto projects? In truth the specifics are unpredictable. What we do know is that each of the major announcements have been sell the news events, as the saying goes "Buy the rumor, sell the news" and that has been true so far. Will this be a repeat? This summit so far has not had a rally going into this event, the charts show that BTC and the broader market have pulled back and retested last years chop range high after a liquidity sweep of previous ATH. Altcoins fairing worse than Bitcoin but structurally very similar. I do think the bearish structure of the HTF chart has many worried, sentiment is very low and many see the sell off continue. Either this is a genius way to acquire cheaper coins for the upcoming reserve or many will be caught offside or sidelined. For now I am not taking sides, there is no clear read on this event for me but I can guarantee huge volatility on the low time frames, whether this leads to a meaningful move on the high time frames is yet to be seen.
CRYPTOCAP:TOTAL3
by ProR35
8
Last Leg of The Bull RunBased on historical patterns, I believe we are in the final phase of the current bull run. Analyzing previous market cycles, the peak of the 2013 bull run to the 2017 peak had a 49-month bar separation, while the 2017 to 2021 cycle exhibited a 47-month separation. Following this established “-2” pattern, the next peak is likely to occur with a 45-month separation. Additionally, we are currently positioned within a monthly fair value gap, which could drive the market to new highs. However, I remain skeptical about the sustainability of this rally due to the impact of the U.S. crypto reserve. Institutional investors may perceive this as an opportunity for exit liquidity, aligning with the well-known market principle: "Buy the hype, sell the news." - Gavin do your own research not financial advice just a speculation
COINBASE:BTCUSD
by gavintradez
2
Bitcoin, Trump & Executive Order —$500,000 To $1,000,000 In 2025News: President Donald Trump Signs Executive Order Pimping Bitcoin and the Cryptocurrency Market (BOOM!) Headline: Bitcoin and President Trump in Talks To Support All Cryptocurrency Market Players; Traders & Participants Summary: Mr Trump Is The New Satoshi. We Have A Cryptocurrency President, Bitcoin Is Going Up! Headline: Bitcoin Jumps $10,000 As President Trumps Signs Executive Order In Support Of Master Ananda And All Cryptocurrency Holders News: Bitcoin Is The Future Of Money & Is Here To Stay (The Money Monopoly Is Over!) __ The headlines says it all. The news says it all. The chart says it all. Bitcoin is going up. Everything is being prepared for a massive rise toward $500,000 to $1,000,000 in this bull-market bullish phase. Growth will be off-the-chart. There will be no need to buy Bitcoin, you will need it to pay. Would you like to pay rent? Your landlord will ask, "Do you have Bitcoin?" If the answer is no, you will have to look for a new apartment. Would you like to pay your bills? The system will ask, "Bitcoin or Ethereum?" When you choose fiat, the system will give an error, "Error 404: Dinosaur Money No Longer Accepted." Would you like to pay taxes? The system will say, "Cryptocurrency Accepted, Including Memecoins." This is the future. The future is now. Money already evolved. Reality is no longer the same. Before a major rise, there is always some bearish action. It is great that yesterday closed red and today starts red. This means that we will have big green when the news is released about today's political event. Pump Bitcoin to the moon. Pump it, pump it, pump it! We are ready for growth. The year is 2025. Namaste.
BITSTAMP:BTCUSDLong
by MasterAnanda
11
Treasury Secretary Bessent: Make Iran broke again Treasury Secretary Scott Bessent, speaking at the Economic Club of New York, said the U.S. is enforcing sanctions on Iran for “immediate maximum impact,” warning that Iranians should move their money out of the rial. The goal is to cut Iran’s oil exports from 1.5 million barrels per day to near zero. His comments came as oil prices fell to multiyear lows on Wednesday, driven by concerns that tariffs on Canada, Mexico, and China could slow economic growth and weaken crude demand. Following Bessent’s remarks, both U.S. crude and Brent prices turned positive, with JP Morgan analysts noting that a decline in Iranian supply is currently the only bullish factor for oil prices. Bessent also signaled that the administration is prepared to impose full-scale sanctions on Russian energy if it helps lead to a ceasefire in Ukraine. This is a welcome shift from the Trump administration, who so far has only been pressuring the victim of the war rather than the perpetrator.
BLACKBULL:WTI
by BlackBull_Markets
BTC at a Crossroads: Key Levels & Market Triggers Ahead of NFPWelcome back, guys! I'm Skeptic, and let's dive into today's BTC analysis. Daily Time Frame Overview As previously mentioned in past analyses, the 85K level , followed by the 80-82K range , has been a crucial support zone for BTC. So far, price has reacted well to this level, showing strong buying pressure. Additionally, BTC has reached the Pivot Point 4 weekly level , meaning we could expect either a range-bound movement or a potential price rebound. However, the market remains highly volatile due to external factors—mainly Trump's recent actions. On Sunday , Trump’s tweet triggered a market pump, only to be reversed the following day after his tariff war statements. Given this unpredictability, if you’re looking to buy BTC for a long-term hold, here are two key triggers to consider: Trigger 1 : Wait for daily candle closure above 90,700 before entering, with a stop-loss below 80,645.37 (~12-13% SL size). Trigger 2: A breakout above 106,378.17 could be another entry point, with a stop-loss below 90,555.54 (~15% SL size). 💡 Risk Management Tip: In case of a stop-loss hit, limit losses to a max of 5% of your capital to preserve long-term profitability. 4H Time Frame - Futures & Short-Term Setups Currently, the market lacks direction and is dominated by FOMO trading. Why? Because of high-impact events happening tomorrow, which include: 📊 NFP (Non-Farm Payroll) Data Release🎤 Trump & Powell’s Speeches These could create significant volatility, making any positions riskier than usual. If you’re looking to trade BTC futures, consider these setups: Long Trigger: Above 92,200, but for a safer entry, you can wait for confirmation at 94,628.59 or even 98,600 to ride the uptrend confidently. Short Trigger: Due to the PRZ (Potential Reversal Zone) around 85K and 82K, I personally won’t short here. However, if you must, you could enter a short below 88,213.36, but only if volume confirms the move and RSI enters oversold territory. 🔔 Final Thoughts: BTC remains highly volatile due to fundamental catalysts. If you’re unsure, staying out of the market is also a position. Drop a comment if you want me to analyze a specific coin or forex pair next! Let’s grow together, not alone. Help me help you! ❤️
by SkepticWise
1
Rate Cuts Are NOT BullishRate cuts in the US have never been bullish for equity markets in macro cycles. The idea that rates coming down from 5% to 4% suddenly making people more creditworthy is a farce because rates never move in anything other than large timeframe tides. These tides reflect growth/inflation expectations, not borrowing costs. Were Jerome Powell to suddenly become very dovish at the next FOMC meeting it would be a clear signal that the SHTF protocol is in full effect. Powell is more likely to talk away the negative GDP prints as demand shocks due to tariffs/trade deficit imbalances while waiting for more data to make a decision. Labor market has been declining as well but he doesn't want to make a panic decision and also probably feels no personal loyalty to help President Trump out. Historical average for US inflation is about 3.2% with the 2% target meaning deflation is a possible problem incoming. Current US inflation rate is about 3% which is well inline with the historical average. Powell will never say it but so far his mission has been accomplished. He may cut rates at the back end of the year if necessary but as of this post he has no reason to.
TVC:US02Y
by CrashoutCapital
OFFICIAL TRUMP 8X Trade-Numbers (3,656%)Patience is absolutely necessary. This is the same chart setup we have been tracking for months now. Well, weeks actually. And this is a good chart setup. The fact that the project is heavy, a big market cap., makes it harder to manipulate, but, whales are still whales and they can easily shake the market at all times. When in doubt, reduce leverage. We are doing high leverage, high risk. You can use this same chart setup with 3-5X and have very low risk. You can use this same chart setup with 15-20X and have extreme high risk. The numbers are for illustration purposes only. Leveraged trading is for advanced traders. That is, the player needs to be able to adapt to market conditions and adapt the numbers to personal conditions. Needless to say, if you have a strong track record and capital you can use higher risk. If you have a record of being nervous and anxious and making simple mistakes then you must go with spot or 1-2X. Remember, if you can't make money trading spot, you won't be able to make money trading lev. Spot trading is like chess. Strategic and advanced. Leveraged trading is like 5D chess, the complexity goes off the chart. But we can keep it simple. Find the right chart, buy and hold. If you keep the risk small you can have an easy win. You are responsible for your own actions. If you cannot handle a big win, then do not trade. If you cannot handle a simple loss, please, go away. It is unproductive to blame others for your mistakes. You move the mouse, you make the deposits, you choose which pair to buy, by how much and when. If you cannot bear the weight of your actions, do not trade. If you can... Welcome to TradingView. Here you have the full trade-numbers for TRUMPUSDT. Great timing. Great chart setup, medium-risk. An extremely high potential for profits. _____ TRUMPUSDT Leverage: 8X Entry levels: 1) $14.0 2) $12.5 3) $11.7 Targets: 1) $16.2 2) $19.4 3) $21.7 4) $24.6 5) $27.8 6) $29.7 7) $33.0 8) $38.1 9) $41.8 10) $46.5 11) $60.1 12) $73.6 Stop-loss: Close weekly below $11.65 Potential profits: 3656% Capital allocation: 3% _____ This is life. I am life. I love this life and this world. Thanks a lot for your continued support. As long as you persist and learn from all the actions that you make, good or bad, you will improve and you will succeed in this game. Nothing can stop you. You are bound to achieve success. The only way to lose is to give up. I can never give up. I will never give up. I will only take a break to recharge and reload. When I am refreshed and ready, I am trading once more. This time around, I am taking the money home. Namaste.
Long
by MasterAnanda
3
USD/MXN: Mexico plans response to US tariffs The White House confirmed a one-month exemption for autos under the USMCA (United States-Mexico-Canada Agreement), following President Trump’s 25% tariffs on Mexican imports. The exemption has significant consequences for Mexico’s economy, with tariffs expected to add billions in costs for automakers that rely on Mexican production. Mexican President Claudia Sheinbaum plans to discuss tariffs with Trump on Thursday, before her government announces countermeasures on Sunday. Meanwhile, the MACD indicator initially showed a potential bullish signal as moving averages crossed upward. However, momentum appears to be fading, and the pair has yet to retest its February 3rd highs.
by BlackBull_Markets
OFFICIAL TRUMP: Bullish Potential Invalidated? Back To 1,000%+As can be seen here, price action moved below our defined support (now resistance). The question naturally arises, is the previous analysis now invalid? Quick answer, no! We are still bullish and I will explain why. It is true that the break above resistance makes this chart ultra-bullish, so moving back below can be considered an invalidation. The truth is that the low yesterday is still a higher low compared to 28-Feb. when the All-Time Low was hit. We have both a higher low and also a green close, the session yesterday ended green as a hammer which is bullish. The bullish case is weaker now in the short-term but the bullish bias and potential remains intact. TRUMPUSDT is set to grow; patience is key. The low is in and this low was followed by a high volume bullish breakout. This breakout is followed by a retrace, which is a classic and this retrace ends as a higher low. This is standard price action. From this higher low TRUMPUSDT can and will grow. Even if the market decides to shakeout more people out, we are bullish long-term. You know what I love to say; once we hit bottom, the only place left to go is up. Notice in early 2025 there is a clear downtrend on the chart. Now, instead of a downtrend the action is sideways. This is the transition period. First down, then sideways and then up. We are going up next. It can take a few months, a few weeks or simple just a few days. The potential for growth here is as good as with any other pair. Thanks a lot for your continued support. It is truly appreciated. Namaste.
Long
by MasterAnanda
10
why ELON MUSK keeps talking about a US bankruptcy…I think I’ve figured out why Musk keeps talking about a U.S. bankruptcy… They have to pay—and pay a lot! In 2025 alone, a staggering $7 trillion needs to be repaid! 7 TRILLION DOLLARS! (image on chart) Right now, the U.S. is trying to pull in money from all over the world, which is probably the real reason behind the tariffs. To avoid bankruptcy, they have a few options: 1. Print more money 2. Cut spending 3. Take on new debt at higher interest rates 4. Declare bankruptcy—admit they can’t pay their debts That’s why Musk keeps mentioning point 4. That’s why spending cuts are happening so fast. That’s why tariffs are being imposed. That’s why Trump is pushing for lower interest rates. That’s why they launched the Green Card sale. They are trying to save the U.S. from bankruptcy—and the world from a financial crisis. Obviously, they can’t just slash spending too much. In his interview with Joe Rogan, Musk said it’s not that simple because a lot of high-level corruption is hidden in the system. He even admitted, “I won’t talk about it—if I do, they’ll kill me. It’s too much, and people wouldn’t be able to handle the truth.” The only real solution might be Bitcoin, which can create virtual money without printing physical dollars—a profitable paradox. To activate a real bull run that will save high-risk assets like altcoins, the U.S. must start increasing global liquidity. This is the rule—and they will do it. Even rumors about the U.S. handing out money to taxpayers (some sources mention $5K per taxpayer) are aimed at increasing market liquidity. The end of a bull run always coincides with the highest levels of global liquidity. Currently, many large funds are overleveraged and looking to take some profits to avoid problems. This is always the moment when “large capital” waits for global liquidity to peak before strategically cashing out of positions. Even with ETFs on altcoins, large funds will gain significant profits through annual fees. They will list any shitcoin just to collect these fees from investors. Moreover, they will control liquidity through ETFs, just as they did with the stock markets. This is an indirect way of “driving the markets like a car.”
COINBASE:BTCUSDLong
by sholi_software
$TRUMP Market Update📊 $TRUMP/USDT Market Update Welcome to today's analysis! Let’s break down the current price action on $TRUMP and what to expect next. 🌐 Overview: $TRUMP Approaching Key Resistance 📉 $TRUMP was in a downtrend after breaking a key support level. Now, the price is approaching the red resistance zone, which was previously a support level before the strong breakdown. 🔄 Current Scenario: The red resistance zone is a critical level that needs to be broken for a trend shift to bullish. If $TRUMP successfully breaks above this resistance, it could confirm a bullish trend, with the next target being the blue line level. However, if price gets rejected, we could see another pullback or consolidation before another breakout attempt. 🔑 Key Levels to Watch 🔴 Resistance Zone: Red Level (Needs breakout to confirm bullish momentum) 🔵 Target Level: Blue Line (If breakout is successful) 🛠️ Trade Scenarios 📌 Bullish Scenario (Breakout Above Red Resistance) If $TRUMP breaks and holds above the red resistance zone, this would confirm bullish momentum and a potential move toward the blue line target. 📌 Bearish Scenario (Rejection at Resistance) If $TRUMP fails to break out, we could see a pullback or consolidation, meaning the downtrend could still continue. 📌 Conclusion $TRUMP is at a key resistance zone—a breakout could confirm a bullish trend, targeting the blue line level, while a rejection may lead to further downside movement. Traders should watch for confirmation before making a move.
by WaveRiders2
USD/CAD holds up OK despite tariffsOK, so it's finally happened. On March 4, 2025, President Trump imposed a 25% tariff on imports from Canada and Mexico, with Canadian energy products facing a separate 10% tariff. Tariffs on Chinese imports were also doubled from 10% to 20%. In response, Canada imposed immediate 25% tariffs on CA$30 billion worth of U.S. goods, with plans to extend them to another CA$125 billion in the coming weeks. While USD/CAD maintained a steady upward movement, it is difficult to characterize the move as a broad-based selloff. Maybe this is more of a trade scuffle than a trade war right now? China announced additional tariffs of 10% to 15% on U.S. agricultural products, effective March 10. Mexico is set to announce its own retaliatory tariffs on March 9. Now, the focus shifts to Trump’s next move. He has already suggested he will reciprocate the reciprocation. Where does this end? Full blown trade war? Meanwhile, reports suggest he is considering easing sanctions on Russia.
by BlackBull_Markets
$NVDA to $130, then a crucial decision.Sure, NASDAQ:NVDA is in a downtrend, but the $114 bottom has been confirmed, which should lead to $130. After reaching $130, we'll see if the king is back. A double bottom pattern is a classic technical analysis formation indicating a significant trend change and momentum reversal from a previous downtrend. It involves a security or index dropping, rebounding, dropping again to a similar level, and then rebounding once more (potentially starting a new uptrend). This pattern resembles the letter "W." The twice-touched low is now seen as a crucial support level. As long as these two lows hold, there is new potential for an upside. BUY $130 NOW and enjoy the ride
NASDAQ:NVDALong
by sej4974
1
XRP MARKET UPDATEHey everyone, coming with a quick XRP update, I hope you guys enjoy. Give this video a like if you enjoyed my insights and comment down below where you see XRP going to. Forex, Crypto and Futures Trading Risk Disclosure: The National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), the regulatory agencies for the forex and futures markets in the United States, require that customers be informed about potential risks in trading these markets. If you do not fully understand the risks, please seek advice from an independent financial advisor before engaging in trading. Trading forex and futures on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility of losing some or all of your initial investment, and therefore, you should not invest money that you cannot afford to lose. Be aware of the risks associated with leveraged trading and seek professional advice if necessary. BDRipTrades Market Opinions (also applies to BDelCiel and Aligned & Wealthy LLC): Any opinions, news, research, analysis, prices, or other information contained in my content (including live streams, videos, and posts) are provided as general market commentary only and do not constitute investment advice. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC will not accept liability for any loss or damage, including but not limited to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Accuracy of Information: The content I provide is subject to change at any time without notice and is intended solely for educational and informational purposes. While I strive for accuracy, I do not guarantee the completeness or reliability of any information. I am not responsible for any losses incurred due to reliance on any information shared through my platforms. Government-Required Risk Disclaimer and Disclosure Statement: CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Performance results discussed in my content are hypothetical and subject to limitations. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading strategy. One of the limitations of hypothetical trading results is that they do not account for real-world financial risk. Furthermore, past performance of any trading system or strategy does not guarantee future results. General Trading Disclaimer: Trading in futures, forex, and other leveraged products involves substantial risk and is not appropriate for all investors. Do not trade with money you cannot afford to lose. I do not provide buy/sell signals, financial advice, or investment recommendations. Any decisions you make based on my content are solely your responsibility. By engaging with my content, including live streams, videos, educational materials, and any communication through my platforms, you acknowledge and accept that all trading decisions you make are at your own risk. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC cannot and will not be held responsible for any trading losses you may incur.
BINANCE:XRPUSDLong
by BDripTradess
Gold (XAU/USD) Key Levels & Trade Setups: BUY & SELL ENTRY Gold (XAU/USD) 1-Hour Chart Analysis: 1. Key Resistance Zone: - The price is currently near the $2,922-$2,930 resistance zone. - This area has acted as a previous supply zone, indicating potential selling pressure. 2. Potential Price Scenarios: Scenario 1: Rejection from Resistance & Downtrend - If price fails to break above $2,922-$2,930, a rejection could send it lower. - A break of the rising trendline could confirm bearish momentum. - First target: Around $2,898-$2,900 (previous support zone). - Second target: Around $2,873, which is a strong demand area. - Final bearish target: Around $2,855-$2,846 if the momentum continues downward. Scenario 2: Breakout Above Resistance & Bullish Move - If gold breaks and closes above $2,930 with strong momentum, further upside is expected. - First target:$2,945-$2,950, marked as the next resistance level. - A successful breakout could lead to higher bullish continuation. 3. Trendline & Breakout Structure: - The price had a previous breakout from a descending channel. - The current bullish structure could be invalidated if the price breaks below the trendline and key support levels. Trading Plan: - Watch for price action at $2,922-$2,930 resistance. - Look for a rejection confirmation (bearish candle patterns) for a potential short setup. - For a buy position, wait for a strong breakout above $2,930 with a retest for confirmation.
OANDA:XAUUSD
by TRADE_CENTER_1