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Gold Set to Plunge? Key Reversal Point Signals Major Downtrend!4-Hour Chart Analysis Trend Identification: Higher Highs (HH): The chart shows a consistent formation of higher highs (HH) which indicates an overall uptrend. Higher Lows (HL): The chart also demonstrates higher lows (HL), further confirming the uptrend. Key Levels: Resistance Levels: Around 2,480 and above are marked by HH. Support Levels: 2,429.42 (1HR LQZ / Reversal Point) 2,391.39 (4HR LQZ / TP 1) 2,349.05 (TP 2) 2,288.09 (TP 3) 2,265.37 (TP 4) Price Action: Triangle Pattern: A triangle pattern formed in June indicating consolidation before a breakout. Current Movement: The price has moved up to a higher high but is currently in a retracement phase, testing the 1HR LQZ / Reversal Point around 2,429.42. Projection: Potential Reversal: If the price holds above the 1HR LQZ / Reversal Point, it may indicate a reversal back towards the higher levels around 2,480. Support Tests: Failure to hold may lead to testing lower support levels at 2,391.39 (4HR LQZ / TP 1) and potentially further down to TP 2, TP 3, and TP 4. 1-Hour Chart Analysis Detailed View: Provides a closer look at the recent price movements. Confirms the higher highs observed in the 4-hour chart. Key Observations: Recent High: The price recently reached a new high around 2,480 before retracing. Immediate Support: The price is testing the 1HR LQZ / Reversal Point around 2,429.42, aligning with the 4-hour chart observations. Trading Opportunities: Long Position: If the price shows strong bullish signals and holds above the 1HR LQZ / Reversal Point. Short Position: If the price breaks below the 1HR LQZ / Reversal Point, with targets at lower support levels identified in the 4-hour chart. Summary The charts indicate an overall uptrend with recent higher highs and higher lows. Current price action is in a retracement phase, testing key support levels. Monitoring the 1HR LQZ / Reversal Point will be crucial for determining the next move, whether it will resume the uptrend or test further support levels.
OANDA:XAUUSDShort
by Adlercon333
3
Gold's Next Big Move: Is This the Reversal Point?4-Hour Chart Analysis Trend Identification: Higher Highs (HH): The chart shows a consistent formation of higher highs (HH) which indicates an overall uptrend. Higher Lows (HL): The chart also demonstrates higher lows (HL), further confirming the uptrend. Key Levels: Resistance Levels: Around 2,480 and above are marked by HH. Support Levels: 2,429.42 (1HR LQZ / Reversal Point) 2,391.39 (4HR LQZ / TP 1) 2,349.05 (TP 2) 2,288.09 (TP 3) 2,265.37 (TP 4) Price Action: Triangle Pattern: A triangle pattern formed in June indicating consolidation before a breakout. Current Movement: The price has moved up to a higher high but is currently in a retracement phase, testing the 1HR LQZ / Reversal Point around 2,429.42. Projection: Potential Reversal: If the price holds above the 1HR LQZ / Reversal Point, it may indicate a reversal back towards the higher levels around 2,480. Support Tests: Failure to hold may lead to testing lower support levels at 2,391.39 (4HR LQZ / TP 1) and potentially further down to TP 2, TP 3, and TP 4. 1-Hour Chart Analysis Detailed View: Provides a closer look at the recent price movements. Confirms the higher highs observed in the 4-hour chart. Key Observations: Recent High: The price recently reached a new high around 2,480 before retracing. Immediate Support: The price is testing the 1HR LQZ / Reversal Point around 2,429.42, aligning with the 4-hour chart observations. Trading Opportunities: Long Position: If the price shows strong bullish signals and holds above the 1HR LQZ / Reversal Point. Short Position: If the price breaks below the 1HR LQZ / Reversal Point, with targets at lower support levels identified in the 4-hour chart. Summary The charts indicate an overall uptrend with recent higher highs and higher lows. Current price action is in a retracement phase, testing key support levels. Monitoring the 1HR LQZ / Reversal Point will be crucial for determining the next move, whether it will resume the uptrend or test further support levels. If you need further analysis or specific trade recommendations, feel free to ask!
COMEX:HG1!Short
by Adlercon333
Gold Trading Alert: Major Move on XAUUSD – Don't Miss Out!Key Levels and Patterns: Higher Highs (HH) and Higher Lows (HL): The chart shows a series of higher highs (HH) and higher lows (HL), indicating an overall uptrend. This pattern suggests that the bullish momentum is still in play. Ascending Channel: There is a well-defined ascending channel where the price has been moving upwards within parallel trendlines. This channel can act as a guide for potential support and resistance levels. Reversal Points (LQZ): 1-Hour LQZ / Reversal Point: Located at 2,429.190. This level is a potential area where price may reverse or find support. 4-Hour LQZ / Reversal Point: Located at 2,391.394. This level also serves as a significant support zone. Take Profit (TP) Levels: TP 1: 2,319.385 TP 2: 2,288.085 TP 3: 2,265.369 Recent Price Action: The price recently reached a higher high at around 2,458.755 and then pulled back slightly, indicating a potential short-term correction within the overall uptrend. The ascending channel suggests that if the price remains above the lower boundary of the channel, the uptrend is likely to continue. If the price breaks below the 1-hour LQZ / Reversal Point at 2,429.190, it could test the 4-hour LQZ / Reversal Point at 2,391.394. A further breakdown below this level might lead to the next support at TP 1. Analysis Summary: Bullish Scenario: The price could bounce from the current levels or the lower boundary of the ascending channel, aiming for new highs. Traders might look for buying opportunities near the support levels of the channel and reversal points. Bearish Scenario: If the price breaks below the identified reversal points and the ascending channel, it might signal a deeper correction, potentially heading towards the TP levels for possible buying opportunities at lower prices.
OANDA:XAUUSD
by Adlercon333
Unlock the Secrets of Gold Trading: Pericles' Ancient WisdomIn this video, we explore the profound perspectives on fear from historical figures like Pericles and modern thinkers like Ryan Holiday. Pericles, the esteemed Athenian statesman, saw fear as a natural emotion that should not paralyze us. He believed in confronting fear with courage, rational thought, and strategic planning, using it as a tool for effective decision-making. Ryan Holiday, drawing on Stoic philosophy in his works, echoes these sentiments with stories of historical figures who turned fear into fuel for success. He recounts how John D. Rockefeller faced market crashes with calm calculation and how Theodore Roosevelt overcame health challenges by embracing adversity. Both Pericles and Holiday teach us that fear, when managed correctly, can become a powerful ally. By acknowledging fear, confronting it with rationality and courage, and using it to sharpen our focus and strategy, we can transform challenges into opportunities for growth and success. This approach is especially relevant in the realm of trading, where mastering fear can lead to better decision-making and greater resilience. Key Levels and Patterns: Higher Highs (HH) and Higher Lows (HL): The chart shows a series of higher highs (HH) and higher lows (HL), indicating an overall uptrend. This pattern suggests that the bullish momentum is still in play. Ascending Channel: There is a well-defined ascending channel where the price has been moving upwards within parallel trendlines. This channel can act as a guide for potential support and resistance levels. Reversal Points (LQZ): 1-Hour LQZ / Reversal Point: Located at 2,429.190. This level is a potential area where price may reverse or find support. 4-Hour LQZ / Reversal Point: Located at 2,391.394. This level also serves as a significant support zone. Take Profit (TP) Levels: TP 1: 2,319.385 TP 2: 2,288.085 TP 3: 2,265.369 Recent Price Action: The price recently reached a higher high at around 2,458.755 and then pulled back slightly, indicating a potential short-term correction within the overall uptrend. The ascending channel suggests that if the price remains above the lower boundary of the channel, the uptrend is likely to continue. If the price breaks below the 1-hour LQZ / Reversal Point at 2,429.190, it could test the 4-hour LQZ / Reversal Point at 2,391.394. A further breakdown below this level might lead to the next support at TP 1. Analysis Summary: Bullish Scenario: The price could bounce from the current levels or the lower boundary of the ascending channel, aiming for new highs. Traders might look for buying opportunities near the support levels of the channel and reversal points. Bearish Scenario: If the price breaks below the identified reversal points and the ascending channel, it might signal a deeper correction, potentially heading towards the TP levels for possible buying opportunities at lower prices. By applying Pericles' wisdom of confronting fear with rationality and Ryan Holiday's insights on turning fear into strategic advantage, traders can approach these levels with a clear, disciplined mindset, making informed decisions even in volatile market conditions.
OANDA:XAUUSDEducation
by Adlercon333
2
Consolidation is over, breakout next. - LINK/USDT#LINK/USDT #Analysis Description --------------------------------------------------------------- + Link Price has consolidated nicely in the past and now it formed a triangle pattern + Breakout from this triangle pattern will pump the price upwards and we have a good potential for trade --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 13.9 Stop Loss: 9.9 ------------------------------ Target 1:17 Target 2: 22 Target 3: 34 Target 4: 42 Target 5: 52 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
1
DXY at Critical Support! Massive Move Ahead! Technical Analysis Overview of DXY (U.S. Dollar Index) on 4-Hour Time Frame: Crucial Structure Point: The DXY is currently at a significant structural level, which could determine its next major move. Key Levels: Weekly LQZ: 108.007 Daily LQZ: 106.524 Daily LQZ: 101.908 Missed LQZ: 100.552 Current Price Action: The price is hovering around 104.283, a critical support zone. The market's reaction at this level will likely dictate the next direction. Potential Scenarios: Yellow Path (Primary Bias): Indicates a potential bearish scenario where the price might break below the current support level and head towards the Daily LQZ at 101.908 or even the Missed LQZ at 100.552. This path suggests a significant downward movement. Green Path: Represents a bullish scenario where the price could bounce off the current support and rise towards the Daily LQZ at 106.524 or even the Weekly LQZ at 108.007. This path suggests a recovery and continuation of the upward trend. Orange Path: Another bearish possibility where the price might initially fake out upwards but eventually break downwards, aligning with the yellow path. Market Sentiment: The annotations indicate that while the yellow path is favored, it is essential to remain adaptable as "anything can happen" in the market. This emphasizes the importance of not reacting impulsively but rather anticipating and preparing for different scenarios. Summary: Current Trend: The DXY is at a critical juncture, and its next move could be pivotal. Bearish Bias: The yellow path suggests a potential for further downside, targeting lower key levels. Bullish Recovery: The green path offers a possible recovery scenario, aiming for higher resistance levels. Strategy: Traders should monitor the price action closely around the current support level at 104.283. Look for confirmation before entering trades, and be prepared for both bullish and bearish outcomes.
TVC:DXY
by Adlercon333
Unlock the Secrets: Is GOLD the Ultimate Trade Today?Unlock the Secrets: Is GOLD the Ultimate Trade Today? In this episode, I dive into the current conditions of the gold market, providing a comprehensive breakdown on how to form an objective opinion. Drawing inspiration from "Market Wizards" and "Trading in the Zone," I share insights from legendary traders who emphasize the importance of patience and discipline in trading. Learn essential lessons on patience, understanding that you don't need to force trades or impose your personal bias on the market. Discover why it's perfectly fine to skip trades daily or even weekly if the market doesn't align with your setup. Mark Douglas, in "Trading in the Zone," highlights the significance of a trader's mindset and how maintaining an objective perspective is crucial for consistent success. I also share valuable advice on productive activities to engage in while waiting for the right trade opportunities. Just as the great traders in "Market Wizards" stress, sometimes the best trade is no trade at all. Use this time to refine your strategies, study market patterns, and enhance your trading skills. Remember, running in place won't get you anywhere—focus on strategic moves to elevate your trading game. By incorporating these principles and understanding the psychological aspects of trading, you'll be better equipped to navigate the complexities of the gold market.
OANDA:XAUUSD
by Adlercon333
1
Bitcoin Bear-Flag Signal: Prepare For Dump!After the massive losses in June, Bitcoin has at the very least found a temporary bottom in July. In my view, this is nothing more than a temporary pause to let the long-term oscillators get less extreme. The most likely scenario will be that the Bear Flag pattern will play out over the next few weeks. This is a risky bet, since we're going to trade from the top resistance instead of waiting for the price to fall through the support. However, the R/R ratio is much better.
Short
by FieryTrading
62
Gold Price Analysis: A Closer Look at Key Levels & Future Moves!Trading Idea Breakdown for XAUUSD Chart Overview: Time Frame: 4-hour chart Instrument: Gold Spot (XAUUSD) Key Levels and Zones: Daily LQZ (Liquidity Zone): Level: 2450.370 Significance: Major liquidity area where price is likely to experience significant reactions. 4-hour / LQZ: Level: 2437.909 Significance: Intermediate liquidity zone crucial for intraday trading decisions. 1-hour TP (Take Profit) Zone: Level: 2419.054 Significance: Shorter-term take profit area, potentially indicating minor resistance. Support and Resistance: Key Support Level: Around 2410.920 Previous Top of Flag: Highlighted zone where price action showed previous resistance before breaking out. Technical Patterns: Flag Pattern: The chart showcases a flag pattern where the price initially showed strong upward momentum (flagpole) followed by a consolidation phase within parallel lines (flag). The breakout from this flag pattern indicates a continuation of the bullish trend. Upward Channel: The price is currently moving within an upward channel, suggesting a controlled and steady rise in the price of gold. Current Price Action: Price: 2410.920 (at the time of the screenshot) The price has broken out of the flag pattern and is currently trading near the 4-hour LQZ level. There's an observed strong bullish momentum as the price approaches the daily LQZ. Trading Plan: Bullish Bias: Given the breakout from the flag pattern and the upward channel, the bias remains bullish. The price targeting the daily LQZ indicates further potential upside.
OANDA:XAUUSD
by Adlercon333
Ethereum On A 7 Year Old Support! Is This The Bottom?Now that crypto has been trading bearish for weeks, there might be a light at the end of this dark tunnel. Ethereum has seemingly found support on a 7-year old support line, which originated late 2016 when ETH was still trading around 7$. As seen on the chart, the support line has also signaled a pump back in September of 2023. If this support holds, it might be the last time that ETH will be trading at 3,000$ forever. On the other hand, if BTC will continue to fall, ETH will likely follow. It remains to be seen whether ETH bulls can keep the BTC bears in check. I'd say it's more likely that ETH will fall through this support in the near future than not. Nevertheless, ETH is trading at a very interesting place for bullish traders.
KRAKEN:ETHUSDLong
by FieryTrading
Bitcoin Downtrend Confirmed: What's Next?Bitcoin has been falling off hard over the last couple of days. While we're currently trading almost 10% above the 53.4k lows, the downtrend has been established and BTC bulls are losing the fight in the short-term. In my view, BTC has confirmed a longer-term downtrend by making a lower-low (56.7k was the previous low, blue line) and by falling through the 200-day SMA. Yes, I can see us bounce a bit further because of indicators being very oversold, but I'm not expecting a new all-time high anytime soon. My current most likely scenario is a move towards the dotted purple support over the next 2-3 months and a bullish reversal in Q4. How do you seen BTC perform? Share your thoughts.
Short
by FieryTrading
16
Bitcoin Bearish MACD Cross: Is The Cycle OVER?In this analysis I want to shed some light on the fact that the 2-week Bitcoin MACD is likely going to make a bearish cross soon. Historically, a bearish MACD cross has ALWAYS signaled the end of the bull market (first two cycles are not on the chart, you can scroll back and look for yourself). I'm aware that 2021 was an outlier, but don't forget that all technicals peaked in 2020. I've been bullish in the short- and mid-term, but there's more and more long-term indicators that are flashing red at the moment, this being one of them. Not calling for a huge drop yet, but this signal is definitely one for the bearish. Interested to hear your thoughts about this!
INDEX:BTCUSDShort
by FieryTrading
10
LAURUS LAB - HISTORY REPEATHELLO EVERYONE, I am here with a new powerpack price action that we can see in LAURUS LABS. KEY POINTS -- The stock is continuously following the pattern of HIGHER HIGH and HIGHER LOWS Giving a look of RALLY and PULLBACK. -- Now the stock is again looking for RALLY i.e HIGHER HIGH. -- Stock has given a small breakout of downward sloping Trendline. -- stock might give close above 50 EMA (in daily TF) today which will help this stock move upward. -- There seems increasing volume in this stock. Exceptional key point- --Its a fundamentally good company and it has purchased some building and machinery in last quarter, This might helps to give good results in upcoming quarters. Trade Plan -- One can enter at Current Market Price as it is above 50 EMA -- Targets will be 450-465-480 -- Stop Loss will be at 419 (previous swing low) Disclaimer I am not SEBI REGISTERED. consult your financial advisor before any kind of investment. I am not responsible for any kind of your profits and losses. Thank you KARANN DINGRA
NSE:LAURUSLABSLong
by KARANN_DINGRA
Spotting a Bull Flag Pattern in Wave Coin (But Stay Cautious)Wave Coin is currently showing a promising bull flag pattern on the chart. This pattern typically indicates a continuation of the previous uptrend, suggesting potential for further gains. However, it's important to stay cautious as the price could also fall if the pattern fails to hold. The consolidation phase within the flag gives a chance to enter the market before the next breakout, but be mindful of key support and resistance levels. Always use stop-loss orders to protect your position and trade wisely!"
Long
by rebenga93
Bitcoin's Inverse Head & Shoulders Playing Out As ForecastedFive weeks ago I made my first analysis on this pattern where I argued that the dotted purple support was my ideal target for an inverse H&S reversal pattern. Once we were there it was a moment of truth for the bulls. My initial trade had a stop that was too tight. Nevertheless the overall idea was a success since we've now successfully reversed from my purple support area. The daily RSI hitting oversold for the first time in almost a year was a great entry signal for crypto as a whole. I'm expecting the bullish trend to continue at least for the next few weeks towards the top resistance (neckline) of the H&S. Keep in mind, the inverse H&S is not completed yet. Once we hit the neckline (and ideally break through it) we can see a new all-time high coming soon. Are you bullish or bearish? Share your thoughts.
Long
by FieryTrading
12