What's your opinion? Do you think gold will rise from its Fibonacci zone?
The Dow Jones index is also at a strong support level. Wait for candlestick confirmations before entering.
Due to the tensions and trade war with the U.S., the price of gold is on the rise. Technically, it is also at a support level, which coincides with a Fibonacci confluence zone. It is advisable to wait a bit before entering; candlestick confirmations could serve as confirmation for a long trade.
The price is moving within an ascending channel and, after a retracement to its resting zone around the 0.5 and 0.618 Fibonacci levels, it is showing signs of a bullish reversal. Given this structure, look for long trade opportunities in the lower timeframes in the upcoming week, especially if bullish price action confirmation appears.
An easy trading setup: Wait for a pullback or enter directly, but direct entry carries higher risk.
The price has stopped at a resistance area, and the daily and weekly candles have closed below it. A divergence in RSI is evident on the 4-hour timeframe. Look for a sell trade in the upcoming week.
Do you think the US30 will continue its correction or turn bullish?
The price is in an ascending channel and has currently reached the top of the channel. It is highly likely to be rejected from this area. We are waiting for the market correction to begin so that we can profit both from the correction and the subsequent rise from the bottom of the channel.
The price is moving within an ascending channel and is also in a strong support zone, suggesting that a big move is likely to happen soon.👌
Wait for the price to reach the specified Fibonacci level, and after reacting to it, you can enter a sell trade.
The price has reacted positively to a key support level. Additionally, the MACD moving averages have crossed in the 4-day timeframe. It is likely that the price will retest the 0.62000 area once more this week before an upward trend begins. This is just a trading idea and not a buy or sell signal. You should enter a trade based on your own analysis.
USDT Dominance (2W) With the price nearing a support level and an ascending trendline, there is a possibility of a price rebound from this area! The dominance of USDT could be a signal of capital flowing into USDT, which may indicate capital outflow from other cryptocurrencies. In summary, if you hold cryptocurrencies, be aware that USDT dominance has now...
Wait until the moving average 200 daily and the uptrend line are broken, then you can enter the sell trade.
If the resistance zone is broken, Solana could potentially rise to around $280.
A strong resistance zone, divergence in the RSI, along with the weekly and monthly R1 pivots, all signal a potential decline!
The price is in a good support zone that is accompanied by price action. With a proper risk management, you can make a good profit from this trade.
Considering the release of gold from its compressed state and recent developments in the Middle East region, it is anticipated that gold prices will rise, potentially reaching the level of $2,700.
Wait for a resistance to be broken, then enter a buy trade with confirmation!