Same bear story but on weeklyHere is what to what on weekly close but dont forget there is always fakeout/pins sometimes, so watch your candle formations carefully for more info around here.
Candlestick Analysis
Maintain a bullish outlook on gold, but be wary of M-tops#XAUUSD OANDA:XAUUSD
I told you this morning that given the current favorable conditions, our trading strategy is mainly bullish. This medium- and long-term goal remains unchanged at present.
But one thing worth noting is that the U.S. market fluctuated repeatedly in the evening, and the upper 4200-4220 constituted a short-term pressure level, and judging from the hourly chart, there were signs of a double top structure. Therefore, it is important to be vigilant against potential market pullback threats.
The first level to watch below is 4165, which is both the low point of the intraday retracement and the support of the MA10 moving average of the 4H line. If the 4165 level is broken, the gold price will inevitably further test the strong support of 4140-4130. Therefore, we can appropriately establish a defensive position around 70.
Evening trading will still primarily focus on long positions, with short positions as a supplement. In terms of thinking, if it touches the upper resistance range, try to short with a light position under pressure, and go long when it retreats below 4180-4170. If it breaks through 4165, go long at the support level of 4140-4130.
If you are not sure about the current market situation, then wait patiently for a pullback to a low point before going long.
Sell the Rip, Buy the Dip —Double Profit on Gold’s MoveGold currently hit a high of around 4218 and is currently retreating slightly. However, it quickly rebounded to above 4200 after just retreating to around 4164. It can be clearly seen that it is still far from the level of panic selling, so the current retreat is only regarded as a healthy technical retreat.
The market has a high degree of recognition and participation in the current continued rise in gold prices, and expectations for a pullback in the short term should not be too large. With the support of multiple risk-averse factors in the market, and the resonance of news and technical factors, the market's bullish sentiment is high. It is not ruled out that every effective technical pullback in gold is a good time to participate in long trading.
Judging from the current morphological structure, gold is under pressure from the resistance zone of the trend channel and has not been able to stand above 4200 in the short term. There is a technical need for a retracement, so gold is likely to continue to fall and test the support of the 4155-4145 area. If gold fails to fall below this support area during its downward exploration, gold may continue to rebound based on this support area and hit the area around 4230.
So for short-term trading:
1. First, we can try shorting gold in the 4185-4195 area, initially targeting the 4160-4150 area.
2. After gold retraces to the 4155-4145 area, we can try going long again, initially targeting the 4200-4210 area.
We first consider shorting gold, and after gold effectively retreats, we will wait for an opportunity to go long on gold. In this way, we can capture every volatile profit as much as possible and avoid profit loss!
Double top on hourly chart, beware of callback riskAccording to the U.S. Treasury Secretary, Trump will interview 3-4 candidates for Federal Reserve Chairman after Thanksgiving, and emphasized that "open mind" is a key condition. But this move seems to be affecting market concerns about the independence of the Federal Reserve, coupled with the ongoing US government shutdown and the trade war between China and the United States. There is still a lot of positive information in the market. Therefore, in the medium and long term, the bullish trend of gold remains unchanged.
However, gold in the U.S. market has continued to fluctuate and wash out. Judging from the hourly chart, there are signs of forming a double top, so we still need to be vigilant about potential callback threats in the evening. Pay attention to the short-term resistance of 4200-4210 on the upside. If gold cannot break through this resistance range, it will fall further and test the support again. Below, watch the 4H MA10 moving average, which also marks the low of the afternoon's pullback near 4164. If this level breaks, gold will test the strong support level of 4140.
Tonight trading will continue to focus on buying on pullbacks, supplemented by shorting on rebounds. Especially those brothers who are not sure about the current market can wait patiently for a pullback to a low level before participating in long transactions. If you want to quickly recover losses or realize profits, you can also contact me for more professional help.
For more real-time updates, please visit the professional personal homepage information
OANDA:XAUUSD
Small Caps: Finally a Breakout?The Russell 2000 has been stuck in a rut for years, but some traders may think the small-cap index has finally achieved escape velocity.
The first pattern on today’s chart is the November 2021 high around 2,460, where prices stalled last November. RUT has gotten above it this month and refused to stay below. Is a breakout finally underway?
Second is the September 25 low of 2,394. Prices tested and held that level last week, which may confirm support is in place.
Third, the index had a bullish inside candle after Friday’s selloff, followed by a bullish outside bar. That may reflect buyers are gaining control.
Next, RUT has apparently broken a trendline that began with the high on October 6.
Finally, consider this weekly ratio chart of the Russell 2000 against the Nasdaq-100. Notice how RUT outperformed in late 2023 and July 2024. Both of those moments saw expectations of Federal Reserve rate cuts. (Such moves often favor small caps.) Notice how the ratio is climbing again at the same time that investors look for more dovishness from the central bank.
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EurCadAfter a good bullish momentum, qe see the price respect dhe support and create bullish momentum with big green candles and now make a good retracement to our fibo 78.6 near support and respect that zone and create good bullish candle in 4h and 1h and hope to go in our Tp zones, lets see...
GbpJpyafter a this big dump and this aggressive sell we might see a little retracement till to our next zone (i check it with rectangle) lets see, we see in 15m and 30m TF bullish engulfing candles and the price is going up, GL..
Gbp/Jpyafter this big sell, we are in retracement mode the price attempt to push up till to our fibo zones 50.00 and 61.80, so in these zones the price will push from up to down till to our TP zone, lets wait till to these zone and lets wait for bearish candles to break down, lets see..
Ethereum 1H Analysis – Key Battle at $4,278 Resistance | D1👋 Hey everyone! Hope you’re doing great!
💥 Welcome to Satoshi Frame — today we’re diving into the 1-hour Bitcoin analysis. Stay tuned and follow along!
👀 1-hour timeframe of Ethereum, and we can see that Ethereum, after the heavy drop it experienced, broke down from the 4278$ area and moved toward its lower support levels. A major support level has formed around the 3692$ area, where we saw strong buyer support, and they pushed the Ethereum price upward. After the upward movement and buyer support, as Ethereum approached its resistance in the 4278$ area, the buying volume decreased, and then buyers’ strength ended. Sellers, with strong momentum and multiple red candles, pushed the price down toward the 3941$ support, where the price was supported again. Now a higher low has formed compared to the 3941$ bottom, and the price is moving toward its key resistance area at 4278$.
🧮 We can see in the RSI oscillator that there is a key level around 70, which is the OverBuy boundary. If the fluctuation limit passes this area, Ethereum can break its resistance around 4278$.
🕯 Regarding volume, there is an educational note that when the price approached the 4278$ resistance, it faced a decrease in buying volume and was rejected from this area with many red candles. Now that the price is moving toward this resistance, if it is accompanied by an increase in buying volume, it increases the probability of breaking this resistance for us.
🧠 For the Ethereum position, a breakout of the 4278$ area is needed, and now if the price moves toward this area, it will form our second touch and create several scenarios for us.
↗️ First scenario for long position: breakout of resistance accompanied by an increase in volume and setting the trigger at 4278$, which gives us a large stop size and reaches its risk-to-reward ratio later.
↗️ Second scenario for long position: wait for the price to have a reaction to the 4278$ area and then create a higher high and higher low for us, and we can enter on the created higher low and place our stop below that same low.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
The 4200 Era Is Coming — Where Will the Next Bull Run Begin?Gold has reached new highs during its rebound, breaking through the recent technical resistance at 4180. In the short term, there is no significant resistance above, and no clear peak signal has emerged, demonstrating the continued strength of the bulls.
From the current technical perspective, gold has formed a clear W-shaped double bottom structure in the short term, combining the 4090 and 4097 levels, providing support for further gains. Therefore, the deep pullback that occurred yesterday is only regarded as a technical pullback in a strong pattern, and does not change its inherent bullish logic; coupled with the support of multiple risk-averse factors in the market, under the resonance of technical and news aspects, according to the previous fluctuation range, gold is expected to continue to rise to the 4210-4230 area.
As the center of gravity of gold continues to rise, the key now is to find the next reliable support level. The current short-term support has clearly moved up to the 4155-4140 area, which is the best position for bulls to re-accumulate strength before the next breakthrough. Therefore, the 4155-4140 area is the entry area for us to focus on building long positions in gold in batches; the short-term upward target area is 4200-4210.
If you’re following this rally, don’t just watch — prepare your next move.
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Don't guess the top of gold price, go long on pullback#XAUUSD OANDA:XAUUSD
Yesterday afternoon, I reminded everyone that the hourly line formed a W shape. Once the 4145 neckline was broken, the gold rally would continue. I believe that the traders in the group who adopted this strategy are currently making good profits.
Gold is currently continuing to rise and has successfully reached the 4200 integer mark, but this is not the market peak. If the strong pattern remains unchanged, there is a possibility of rising to 4210-4130, or even higher.
However, one thing that needs to be noted is that the current continuous upward fluctuation of gold has pushed the technical indicators into the overbought risk zone. Therefore, do not blindly chase the rise in the short term to avoid potential market demand for a correction.
From a long-term perspective, the daily MA5 moving average and the 4H moving average have both reached around 4090, and this is also the double bottom position of the W pattern. Therefore, as long as it fails to effectively fall below 4090, any decline can be regarded as a buying opportunity. You can go long on gold in batches according to the strength of the retracement.
Judging from the hourly chart alone, short-term support can refer to yesterday's high of 4180-4160 to go long on gold in batches.
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BTC 1H Box Breakout Setup | D1👋 Hey everyone! Hope you’re doing great!
💥 Welcome to Satoshi Frame — today we’re diving into the 1-hour Bitcoin analysis. Stay tuned and follow along!
👀 On the 1-hour timeframe of Bitcoin, we can see that after its recent drop, Bitcoin has entered a one-hour consolidation box. The top of this box is around $115,802, and the bottom is at $110,224. A breakout from this box could lead to the next impulsive move. Currently, Bitcoin’s price is near the midline of the box at $113,222 — and if it breaks and stabilizes above this level, Bitcoin could start moving toward the top of the box and potentially break above it.
Notice that Bitcoin reacted to the buyer-maker zone near the bottom of the box, showing a reversal pattern. With buying pressure pushing it upward and a higher low forming, the probability of a midline breakout has increased.
🧮 Looking at Bitcoin’s RSI oscillator, it’s currently near the static resistance around the 54 range. If RSI breaks and stabilizes above this level, long-trade momentum is likely to increase, which could help Bitcoin break through the midline and become more bullish.
🕯 Let’s first discuss the maker-buyer zone, which acts as a major support area for buyers and institutions that accumulate their positions here. This area tends to create counter-direction reactions in Bitcoin. Right now, Bitcoin has formed a higher low just below the midline and is showing increasing buying volume, with larger candle sizes appearing on the chart.
🧠 For Bitcoin’s trading setup, once the midline breaks, we can consider entering a position, forming a potential long scenario:
↗️ Long Position Scenario:
If Bitcoin breaks and stabilizes above $113,222, accompanied by an RSI breakout above 54 and a rise in buying volume, it could move toward the top of the box and provide a solid long opportunity.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
Setting new highs, it is right to go long on the pullbackI reminded everyone yesterday that once the W-shaped formation is confirmed and structural support is provided for the bulls, the upward trend will continue. The final result is in line with our expectations again. Gold is still fluctuating upward. If this trend continues, it is expected to reach 4210-4230.
As the price of gold continues to rise and returns to a unilateral upward trend, the short-term highs and support are also moving up. From the perspective of the big cycle trend, the current daily MA5 moving average and the 4H middle track have also come to around 4088-4090, which is also the position that short-term bulls need to focus on defending. Before failing to effectively fall below this position, we can still maintain the bullish trend unchanged, and any decline can be regarded as an opportunity for bulls to enter the market.
Judging from the hourly chart, the current gold price has reached the 42,000 integer mark. The continuous upward fluctuation has caused the current technical indicators to enter the overbought risk zone. Do not blindly chase the rise in the short term and be alert to the market's potential correction demand. The short-term support can be seen at 4180-4165. If gold subsequently falls back to this short-term support, we can consider continuing to go long on gold.
OANDA:XAUUSD
STILL ON THE BULISH SWING BTCUSD-The market has now retested my entry point after hitting Take Profit 1.
-I have got further confluence of buys
-No looking to continue holding until our TP2
-Lets see..
USDJPY: Bearish Wave Confirmed?! 🇺🇸🇯🇵
Remember a huge gap up opening that USDJPY formed
at the beginning of the last trading week.
It looks like the market is finally ready to fill it.
A formation of a bearish imbalance candle on a daily time frame
this Monday provides a clear sign of a strong selling pressure.
I think that the market will continue falling steadily.
Goal - 148.0
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Bitcoin Bulls Eye Bounce, Though Bears Could Be Lurking AboveUsing correlations with Wall Street indices, I outline why I think Bitcoin could be in for a bounce - though its rally could be limited before new lows are seen.
Matt Simpson, Market Analyst at City Index and Forex.com
How To Short Sell Using The 3-Step Rocket Booster StrategyYesternight i stood outside thinking
about the love of my life.
How she will look after my future daughter.
I thought about having a wife.How beautiful she will look,
how happy she will be looking
after me and the children
and how i will support her dreams and
the children's dreams.
Basically i was meditating man.
My thoughts lost in limbo.
That's how i like it.I want to be lost
Being lost is one of the best spiritual things
i have experienced.
Have you ever arrived home not sure
if that's your home?
Maybe i was too paranoid but that's
how i like it..
The market is full of fear, and learning how
to short sell is something not easy
But mastering how to short sell.
Has been one of the most
rewarding things ever.
Its basically the rocket booster strategy
but now in reverse.
Step 1-The price should be below the 50 EMA
Step 2 -The price should be below the 200 EMA
Step 3- The price should trend downwards.
Now the rules of short selling
are counter intuitive -- as Tim Sykes says.
This means its the reverse.
In this chart the momentum is leaning
towards a breakdown pattern.
On a bullish hammer turning
into a spinning black top
showing you that there is extreme fear on this chart
The crash of this currency is as a result
of the tarrif wars.
Also the drop in the bond yeilds.
Learning how to short
sell is the best thing ever.
Learn how to short sell
this is you test to become a professional trader.
Rocket boost this content to learn more.
Disclaimer: Trading is risky please learn risk management
and profit taking strategies.Also feel free to use
a simulation trading account before you trade with real money.
Explosive Battle Ahead — Can Gold Smash Through 4180 Again?Gold retreated $90 from 4180 to around 4090, then hit the 4100-4090 area twice before rebounding, and is currently consolidating around 4150. Although the short-term retracement of gold is not small, it is obvious that it has not destroyed the upward trend and pattern structure. However, it has exacerbated market differences to a certain extent and also increased short-term volatility. First, 4160 represents the 23.6% retracement level. Next, we must closely monitor two areas. First, 4160 represents the 23.6% retracement level of the recent short-term rally. If gold fails to break through this area during its subsequent rebound, it could form a technical M-shaped double top with the 4180 high in the short term, favoring a downward trend for gold and potentially leading to a further correction.
Second, we must pay close attention to the area around 4125, which represents the 61.8% retracement level of the recent short-term rally. If gold remains above 4125 during its subsequent pullback, it indicates that the bullish trend in gold has not ended and that it may continue to reach new highs.
Based on the above considerations, regarding short-term trading:
1. First, we can consider shorting gold in small quantities in the 4150-4160 area, and then patiently wait for gold to retrace.
2. Once gold retreats to the 4125-4115 area, we can try to go long again, and then patiently wait for gold to rebound further, or even retest the recent high near 4180.
GBP/USD Looks Set To Extend Bounce From SupportGBP/USD looks set to extend its bounce on the daily chart, having found support at the monthly S1 pivot and 200-day EMA. The daily RSI (2) reached a heavily oversold level on Thursday ahead
of the bullish inside day at support.
A bull flag is also forming on the 4-hour chart. Given the strength of the rebound from support, the bias is for a break above the weekly pivot point and move to at least the October VPOC around 1.3440. Also note the weekly R1 pivot and monthly pivot just below 1.3500 just makes a viable target zone for bulls over the near term.
Matt Simpson, Market Analyst at City Index.
GOLD (XAU/USD): New Target $4200; Here's Why!It appears that 📈GOLD price has completed a corrective movement that was initiated earlier today.
We see a confirmed bullish breakout above the neckline of a double bottom pattern on an hourly timeframe.
That happened following a test of strong intraday support, indicating significant upward pressure.
My target is set at 4200.
W pattern is established and the bullish pattern remain unchangeI have said before that gold is in a fluctuating upward state whether viewed from the weekly or daily charts, and there is no reversal signal. I mentioned in my previous post that from the hourly chart, gold has the prototype of a W shape, and the neckline is at 4145. In the evening of the US session, gold successfully broke through the neckline and touched around 4155. Although the bullish momentum of gold has stagnated slightly after a slow rise, I am still optimistic that gold will reach 4160-4165. If it falls back to around 4145-4135 again, we can still consider trying to go long on gold.
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