


wealthsmith23
Gold (XAUUSD) is currently in a short-term downtrend and is likely to continue dropping towards $3200 and $3137 support levels, as long as price stays below the $3325-$3365 resistance zone. Traders may look for sell opportunities on lower timeframe pullbacks or rejections near broken support.
Bitcoin (BTC/USD) is showing signs of a strong bullish reversal off a major demand zone at $98,000.** If price holds above this level and confirms with continued bullish candles, the likely trajectory is toward the resistance zone around $110,000–$111,200. The forecast structure suggests a clean trend recovery pattern. However, manage risk tightly — as a...
Currently, BTC/USD is approaching a key supply zone between $107,800 – $108,600, where price previously faced strong rejection. My expectation is that price will react similarly upon retest. 🧠 Trade Idea: I'm anticipating a fakeout or liquidity grab above the zone, followed by a lower high formation. Once this confirmation occurs, I’ll be looking for a short...
GBP/JPY is showing signs of exhaustion at a key resistance zone (196.600–197.000).** If bearish confirmation appears, a short opportunity may emerge targeting 194.000–194.500, which is a strong demand area. Watch closely for bearish price action and structure breaks to confirm your setup. Protect your position with a stop above 197.000 if you take the short.
USD/CAD is currently showing signs of a bullish corrective wave or potential trend reversal after defending a critical demand zone. If the market respects the retracement levels, a move toward 1.3900–1.3950 is likely in the short-to-mid term. Traders should look for a pullback entry or breakout confirmation, with risk managed below recent support.
GBP/USD is at a critical inflection point, stalling in a powerful resistance zone. If bears take control, a drop toward 1.2150 or lower is likely. Confirmation via breakdown and strong bearish candlesticks is key for high-probability short entries.
US30 is currently testing a macro-level resistance zone that has historically reversed price sharply. The current market behavior hints at a bearish rejection, with a projected move toward 37K first, and potentially 34K later, if broader market sentiment shifts risk-off. This setup provides a favorable risk-reward ratio for swing short traders, especially if...
The $3,390 support level remains a key battleground for bulls and bears. A strong hold here opens the path for a high-momentum breakout, potentially propelling XAU/USD to test the $3,720–$3,760 region. This setup offers a clear structure, supported by both price action and historical behavior, making it a high-probability bullish opportunity — provided the zone...
Fibonacci Retracement Levels The chart uses Fibonacci retracement from a low of around $60,290 to a high of $107,187 to find potential support and resistance levels. Key levels: 0.236 (23.6%) at $96,119 (resistance) 0.382 (38.2%) at $89,272 0.5 (50%) at $83,738 (current price zone) 0.618 (61.8%) at $78,205 (strong support) 0.786 (78.6%) at $70,326 Current...
Resistance Zone : The price has reached this zone but was rejected, indicating that sellers are stronger here. This resistance acts as a ceiling where the price struggles to break through. Support Zone (Highlighted in Red at the Bottom): This area represents a potential target where buyers are likely to step in and support the price. It's positioned around the...
Current Price Movement: The price of BTC recently hit a high of $64,848 and is now slightly retracing, shown by the small downward movement of 0.06%. The market is in a resistance area, as highlighted by the upper yellow zone, which has been touched multiple times without a clear breakout. Key Levels: Resistance: The yellow band near $64,800-$65,000 is acting as...
1. Current Price Movement: The price is currently at 63,595, showing a solid upward movement with a gain of +1.24% in the last period. 2. Support and Resistance Zones: - Support Zone: The chart shows a significant support level around 62,200 where the price found previous support and bounced upwards. This level acted as a strong barrier, preventing further...
1. Current Price: Bitcoin is trading at **$61,729**, up by 1.52%. 2. Support Zone: The lower orange highlighted area, around the **$60,000 to $61,000** range, indicates a **support level** where Bitcoin recently found buyers and bounced back. This is likely a strong zone of demand. 3. Resistance Zones: - The middle orange zone, around **$63,000**,...
1. Channel Analysis: Gold has been moving within an ascending channel for some time. However, it recently broke below this channel, which indicates a potential shift in the bullish trend. This break could signal a possible correction or retracement as the price starts moving downward. 2. Key Resistance and Support Zones: The price has been rejected from a...
1. Overall Trend: The first chart (weekly) shows a broad uptrend for Bitcoin since the 2022 lows. There is a clear ascending trendline (yellow) that has been providing support. Bitcoin has been making higher lows consistently, but it is currently facing resistance near 72,229. This suggests Bitcoin has been recovering and trying to break through the historical...
1. Support Level: The critical support level is at $61,000, aligning with an upward trendline. If the price falls below this, the next support could be around $60,500 to $60,000, based on previous lows. 2. Resistance Level: A short-term resistance zone is identified between $63,250 and $63,500, where the market has consolidated. If BTCUSD breaks this level,...
We currently moving between Thursday and Wednesday range on H4 and market will now retest 2523.306... traders can set trades till price target 🎯🐂🐂🐂
We looking bearish this as market has retested price 2511.524 looking forward to a down side till price target 🎯