I’ve initiated a short trade on XAUUSD at this level, observing that price is dropping swiftly. There is significant selling pressure in this price zone, especially on the futures market, which didn’t take out the high. Given the sensitivity of the price action, quick reactions are necessary, as we see how this trade develops from here. Technical Analysis:...
Currently, Gold (XAU/USD) is poised for a potential retracement towards the 0.5 FibCloud level after covering all the price imbalances. We have key targets mapped out with multiple take-profit (TP) levels as the price retraces. Technically, we are seeing a well-formed structure, with price rejection near the upper channel resistance, and the overall trend...
Bitcoin’s 4H chart shows a potential bullish continuation after a healthy retracement. The market has pulled back into a key support zone, providing an opportunity to enter this trade with a favorable risk-to-reward ratio. The setup aligns well with the optimism surrounding the month of October, often referred to as “UPtober,” where historical data has shown...
Gold is currently showing signs of weakness on the 30-minute chart, and I have entered a short position based on the technical structure. The market has seen a slight pullback, but the bearish momentum seems to be taking over as it continues to test lower levels. Key Technical Insights: • Entry Price Area: short trade was initiated around 2,621.22. • Stop Loss:...
On the 1-hour timeframe, EUR/USD is showing signs of potential reversal after a period of consolidation. The pair is currently trading near a key support zone under the FibCloud, indicating a potential opportunity for a bullish move. I’m positioning for a long trade, targeting the 1.1130 - 1.1160 range. If I get spiked out due to upcoming news, I will look to...
The Dow Jones Industrial Average (US30) is showing signs of exhaustion after several days of consolidation between the 41,800 and 42,300 price levels. We are now observing a potential bearish setup that may lead to a retracement towards the 41,400–41,000 zone, aligning with the 0.5 Fibonacci level on the FibCloud indicator. If this scenario plays out, it could...
The DAX is showing signs of losing momentum after three consecutive bullish days, despite making new highs. Technically, it’s time for a healthy retracement towards the 19,100 zone to provide a solid base for continued bullish action. I plan to take advantage of the pullback, profiting from the downside move. If the price spikes and hits the stop loss, I will...
Gold is currently trading under the FibCloud and touching the 0.6 Fibonacci retracement level on the 4-hour chart. While this setup favors a continuation of the downtrend, there’s also a possibility of a breakout at this stage. I expect a potential test of the 2,658 Sunday open area before the market shows its true direction. So far, Gold has been printing a...
Gold has shown strong bullish momentum recently, sweeping above previous highs. On the 1-hour chart, we’re observing potential signs of exhaustion, suggesting a pullback could be imminent. The anticipated retracement target is around the 2,650 level, which coincides with key support and Fibonacci levels. Technical Analysis: The 1-hour chart indicates that Gold...
Copper is showing signs of a potential bullish move on the daily chart. The setup suggests a possible retracement before a continuation to higher levels. We’re targeting the 0.5 to 0.6 Fibonacci retracement levels, with price targets set between 4.5000 and 4.7000. Technical Analysis: • Fibonacci Levels: The 0.5 to 0.6 Fibonacci retracement levels align with...
We’re seeing a breakout on the 4-hour chart for WTI Crude Oil, presenting a potential long trade setup. The price is targeting the 0.5 to 0.7 Fibonacci retracement levels. However, we may experience a retest of the breakout level before the trade fully reverses and moves towards the targets. Technical Analysis: • Breakout Confirmation: The recent price action...
Gold has found solid support at a critical price level on the 1H timeframe. This support coincides with the lower boundary of the FIB cloud, which often acts as a dynamic support zone in trending markets. The recent price action indicates a potential reversal from this level, suggesting an opportunity for a long position as buyers step in. Technical...
After observing strong bullish momentum in silver over the past few days, the recent price action suggests the potential for a retracement. This setup is based on the daily chart, indicating that silver might be approaching a temporary peak. The anticipated move is towards the 29.800-29.600 area. The trade is not intended to be short-term but rather based on a...
The trade seems to be based on a potential rejection or weakness in the current price action, with targets likely set to take advantage of a downward movhart setup: Analysis: 1. Entry Point: The trade might have been triggered around the current price level, where the market shows signs of stalling or reversing. 2. Stop-Loss: Placing the stop-loss above the...
Gold has recently surged to new all-time highs (ATH) following a strong breakout during the New York session. The momentum carried through to the Asian session, where the price continued to climb. However, as we enter a potential exhaustion phase, there may be an opportunity to short gold. Analysis: • All-Time Highs: After reaching new ATHs, gold appears to...
Gold (XAU/USD) is currently trading near a resistance zone on the daily chart, presenting a potential short setup. With key U.S. economic data, including the CPI (Consumer Price Index), set to be released today, there is a high probability of increased volatility, which could drive the price lower if the data supports USD strength. Technical...
EUR/USD is currently trading near the 1.1000 support area, a key psychological level that has historically acted as a strong support. This setup presents an opportunity to go long, aiming for a rebound from this level. Technical Analysis: • Support Zone: The 1.1000 area has acted as a significant support level, with previous price action showing strong buyer...
Gold (XAU/USD) is currently facing resistance around the 2,518 area, where it has shown signs of rejection. This presents a potential short opportunity, aiming to capture downside movement as the price pulls back from this level. Technical Analysis: • Resistance Rejection: The price has tested and rejected the resistance level, indicating a potential...