The price is forming an ascending triangle pattern, with a strong resistance level at the top and a rising trendline acting as support. A potential breakdown from this structure could lead to a bearish move. Key Levels: 📌 Resistance: 1.0580 📌 Support: 1.0440 Expected Scenario: 🔻 A rejection from resistance followed by a break of the trendline could...
Market Structure & Trend The price is currently trading within a parallel descending channel. It recently tested the parallel channel support, which has been respected in the past (marked with green circles). A temporary bounce has occurred, but the structure remains bearish until a breakout confirms a shift in momentum. Key Levels to Watch Support Zone :...
🔹 Key Support Zone : Price is consolidating near a strong support area. 🔹 Potential Move: Break above resistance → bullish momentum. 🔹 Watch Out : A sustained drop below support could signal downside continuation. 💡 Strategy : ✅ Entry : Long near support / Short on breakdown. ✅ Stop Loss : Tight below key levels. ✅ Targets : Previous swing...
Potential Pullback Before Bearish Continuation USDJPY is currently in a downtrend, respecting the descending trendline. Price is approaching a key supply zone (151.00 - 151.50), where a potential reversal may occur. A short-term bullish correction could push price into this resistance area before continuing the overall bearish trend. If price rejects this...
XAUUSD Analysis – Bearish Breakout & Potential Downside Move Gold (XAUUSD) has broken out of its rising channel, signaling a potential shift in market structure. After a Break of Structure (BOS), price retested the previous support line, now acting as resistance. The rejection from this zone confirms bearish momentum, aligning with the breakout retest...
Technical Breakdown Gold has been trending inside a well-defined parallel ascending channel, respecting both the support and resistance levels. Currently, price is testing the lower boundary of the channel, which has acted as a strong support multiple times in the past. Key Observations : ✔️ Support Zone : Price is bouncing off the channel's lower...
GOLD Idea.. Price Action Overview - Current Price: 2,908.50 - Recent High: 2,999.04 - Recent Low: 2,770.00 Key Levels 1. Resistance Levels: - 2,999.04 (Recent High) - 2,930.00 (Previous High) - 2,903.50 (Minor Resistance) 2. Support Levels: - 2,888.70 (Recent Low) - 2,820.00 (Strong Support) - 2,770.00 (Major Support) ...
XAUUSD SELL NOW Signal Type: Reversal Opportunity • Instrument: XAUUSD (Gold) • Timeframe: Daily • Signal: • Sell Zone: $2750–$2760 (Key Resistance Area) • Confirmation: Look for bearish candlestick patterns or rejections in this zone. • Target: $2650–$2670 (Trendline Support Zone) • Stop Loss: Above $2780 (Previous High)
Symmetrical Triangle/Wedge: The price is moving within converging trendlines, indicating a period of consolidation with lower highs and higher lows. This typically points to an upcoming breakout, either upward or downward, depending on market momentum. Trend: Bearish Projection : The red dotted line suggests a bearish expectation, where the price is predicted...
Current Price: $2625 Expected Short Entry: $2635-2640 Stop Loss: $2655 Take Profits: $2615, $2600, $2580, $2550, $2535 Technical Overview: Gold has recently reached an all-time high of $2625, showing significant strength. However, based on my analysis, there’s a clear trendline resistance around the $2635-$2640 zone. I expect a pullback from this area, making...
Current Price: 2578 (All-time high) Previous Resistance: 2530 (Now acting as support) Bullish Scenario: If 2530 holds as a strong support, we can expect a pullback from this level. Possible upside targets: 2600 2650 2700 Bearish Scenario: If 2530 breaks as support, the next downside targets could be: 2500 2490 2470 Watch for how price behaves around 2530, as...
Gold Selling Momentum: A Strategic Opportunity Ahead As we observe the current market trends, it's clear that gold selling momentum is building. This shift presents a strategic opportunity for those looking to optimize their investments. Stay informed and consider adjusting your strategies to capitalize on this evolving trend. For detailed insights and...
Gold is currently trading around $2505 and may soon drop below $2500, with potential targets at $2490, $2480, and $2474. our accurate analysis and engagement are appreciated. Keep up the great work!
Technical Analysis: On the 4-hour timeframe, there’s a supply zone between $2,490 and $2,480. The primary scenario is bearish, but if the price breaks above $2,520, that scenario would be invalidated. Immediate resistance levels are $2,512 to $2,516, while support lies around $2,491 to $2,480. A potential resistance area is $2,524 to $2,528. The swing range is...
Technical Analysis: On the 4-hour timeframe, there’s a supply zone between $2,490 and $2,480. The primary scenario is bearish, but if the price breaks above $2,520, that scenario would be invalidated. Immediate resistance levels are $2,512 to $2,516, while support lies around $2,491 to $2,480. A potential resistance area is $2,524 to $2,528. The swing range is...
Current Price: 190.400 Outlook: Bearish Reasons: - The pair has broken below the key support level of 191.000, indicating a potential downtrend. - The Relative Strength Index (RSI) is below 50, suggesting bearish momentum. - The Moving Average Convergence Divergence (MACD) is showing a bearish crossover, indicating a potential sell signal. - The pair is trading...
Current Price 2499 Timeframe: As seen on the 1H Chart A clear Trendline Has Formed I am Expecting a Bearish move. Target Price: > TP1: 2490 > TP2: 2480 > TP3: 2470
Clear Bearish Move Expected: Entry 2524-2530 Targets 2520, 2515, 2500