SRFXGlobal

SRFXGlobal

### Technical Analysis for Gold: Bearish Outlook Below 2652/2666 Current Market View: Bearish Time Frame: 30-Minute and Daily --- #### Key Resistance Zone: - Critical Resistance Levels: The primary resistance area to monitor is 2635/2652 and 2666. This zone is pivotal because a rejection from this range could signal a strong bearish movement in gold...

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### Technical Analysis of Bitcoin (BTC) - 4 Hour Chart Current Trend Overview: Bitcoin has been exhibiting a rising wedge pattern on the 4-hour chart, indicating a potential reversal in the prevailing bullish trend. A rising wedge often suggests exhaustion in the buying pressure, leading to a breakout to the downside. Pattern Analysis: - Rising Wedge Formation:...

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### Trading Idea for Gold (15-Minute Chart) Market Overview: As we analyze the 15-minute chart for Gold, we are observing a potential bearish flag pattern forming. This technical setup can provide traders with opportunities for potential short positions, as it often indicates a continuation of the prevailing downtrend after a brief consolidation period. Bearish...

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*Market Overview:* Gold is currently exhibiting a bearish sentiment, with recent price action closing below the daily chart's 20-period simple moving average (SMA). This technical setup indicates that sellers dominate the market, and we are positioned to capitalise on potential further downward movements. *Key Technical Levels:* 1. *Bearish Scenario:* -...

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### Technical Analysis for Gold Futures *Current Pattern:* - *Rising Wedge Formation*: The recent price action suggests that Gold Futures are forming a rising wedge pattern. This bearish pattern indicates that momentum is weakening despite rising prices and may precede a price decline. Traders should look for confirmation of a breakout below the lower trendline...

SRFXGlobal

### Technical Analysis of Gold *Current Market Overview:* Gold has recently completed what appears to be a five-wave structure, leading into an ABC correction. Price action indicates that gold trades within a defined range of 2603 to 2620, primarily focusing on the 2628 to 2643 levels. Understanding the potential movements based on this analysis can assist...

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### Current Market Overview Gold has shown significant price movements recently, encountering challenges in breaking through key resistance levels. As we approach a crucial week with the Federal Open Market Committee (FOMC) decision, here’s a comprehensive technical analysis for gold (XAU/USD) to guide your trading decisions. ### Recent Price Action Breakout...

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The current price is trading around 2649. A focus on bearish potential below this level could indicate continuing the downward trend if it breaks down further. A bearish outlook for gold below 2649 with the formation of a head and shoulders pattern coupled with a rising wedge is a significant indication to monitor. If the price tests and breaks below 2645, it...

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### Current Price: 2658.00 #### Our Preference - Short Positions: We favor opening short positions below the resistance level of 2665.00. - Targets: Watch for potential targets at 2643.00 and subsequently at 2635.00 for extended moves. #### Alternative Scenario - Bullish Outlook: If the price moves above 2665.00, we may see further upside potential. -...

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Gold Buy $2652 Target 2655/2657/2659/2662 Stay vigilant in tracking the support and resistance levels. Exciting updates on the sell trade are coming soon, so keep an eye out. Best of luck!

SRFXGlobal

### Technical Analysis of USDT Dominance: Key Levels and Potential Movements #### Overview Currently, the trend in USDT dominance reveals significant implications for the broader cryptocurrency market. High USDT dominance indicates a risk-averse sentiment among investors, while low USDT dominance suggests an increased appetite for risk, leading to a potential...

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🔥🔥 Technical Analysis for BTCUSDT *Current Trend:* - BTCUSDT exhibits strong bullish momentum, with the next upward target at *$107,000*. The overall market sentiment is positive, and the current price action supports this bullish outlook. *Buying Zones:* - *$98,000 - $95,000*: This range is a key buying zone. Traders should look for entry opportunities within...

SRFXGlobal

In recent events, Cosmos (ATOM) has captured the attention of crypto investors and analysts alike. After breaking out of a one-month falling wedge pattern, ATOM exhibited a robust bullish signal by establishing this month's candle above the critical 20-period moving average. This technical development suggests a positive trend for ATOM, signalling that now may be...

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### Polkadot (DOT) 3-Hour Trading Analysis Current Price Action: Polkadot (DOT) has formed a triangle pattern on the 3-hour chart. Traders should closely monitor this formation for potential breakout signals. Key Levels to Watch: - Support Levels: If the triangle pattern breaks to the downside, we could see DOT retesting the following support levels: - $9.70 ...

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### Technical Analysis for UNI Current Support Levels: - $13.5 / $12.8: These levels are crucial support zones where buyers have historically stepped in to prevent further decline. A bounce from here could indicate strong buying interest. - $10.85: This is a significant lower support level. If UNI drops towards this area, it may present an even stronger buying...

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🔍 Technical Analysis: Gold (XAU/USD) Current Price Action: - Currently trading at: 2634 - Triangle pattern forming on the chart; key to monitor breakout direction. - Previous rising wedge pattern targets mentioned have been achieved. --- 📉 Market Overview: - Downside Potential: - Early signals from a 15-minute triangle breakout suggest a possible move to...

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Gold Update: 02/12/2024 🔔 New Month/New Week Currently, #Gold is showing a one-month bearish divergence, suggesting a potential future correction. It's important to monitor the four-hour chart closely. 🚨 Key Levels to Watch: - Resistance Levels: - First resistance at $2650 - Next resistances at $2669/$2671 If the rising wedge pattern plays out, we could...

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🌟#RPL Update 🌟 🛫 What an incredible journey it's been! 🛫 #RPL is on the verge of an exciting breakthrough! With strong support around $11.5 and an ambitious target of $19, we're witnessing impressive volume in this week's candle. If #RPL s to break above $19, we could be gearing up for a powerful surge toward the $30 mark! 🚀 Remember, the trend is closely...