Harmonic Patterns
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.1424
1st Support: 1.1268
1st Resistance: 1.1484
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NOTCOIN : IT'S TIME TO BUY GUYSHello dears
If you are risk-averse, this analysis is for you...
According to the bullish pattern that has formed, you can see that we had a decline and now it is time to take a logical risk, that is, we buy at the specified levels with capital management to move towards the specified goals...
*Trade safely with us*
Bullish continuation?S&P500 is falling towards the support level which is an overlap support that line sup with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 6,520.93
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 5,434.59
Why we like it:
There is a pullback support level that is slightly above the 50% Fibonacci retracement.
Take profit: 5,791.21
Why we lik eit:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci projection.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce off 50% Fibonacci support?GBP/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3336
Why we like it:
There is a pullback support that line sup with the 50% Fibonacci retracement.
Stop loss: 1.3296
Why we like it:
There is an overlap support level that lines up with the 78.6% Fibonacci retracement.
Take profit: 1.3419
Why we like it:
There is a pullback resistance.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
XRP : ETF...Hello dears
Considering the good growth we had, you can see that the price is stuck in a long-term range and has not managed to break it yet...
We must be prepared for any scenario, so the best thing to do is to buy stepwise, of course with capital and risk management.
Note that this analysis is on a daily time frame and may take a while, so if you are not patient, do not enter.
*Trade safely with us*
Bearish reversal off pullback resistance?USO/USD is reacting off the resistance level which is a pullback resistance that is slightly below the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 60.04
Why we like it:
There is a pullback resistance level that is slightly below the 50% Fibonacci retracement.
Stop loss: 62.00
Why we like it:
There is a pullback resistance level that is slightly below the 71% Fibonacci retracement.
Take profit: 56.89
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce?USD/JPY is falling towards the support level which is a pullback support that line sup with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 142.10
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 141.15
Why we like it:
There is a pullback support level that aligns with the 78.6% Fibonacci retracement.
Take profit: 143.78
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Gold price continues to rise wildly after the holiday!Technical analysis of gold: Gold soared all the way after opening on Monday yesterday. Although it retreated slightly during the period, it continued to maintain its strong pace. So far, it has reached a high of around 3386, with an increase of about 150 US dollars. The daily line is also supported by the middle track, directly breaking through the suppression of the moving average system, and allowing the market to become strong again after two weeks of baptism. The strong and rapid rise in the morning of the day also formed two possibilities. Either the bulls will continue to exert their strength, but this requires support in the later period, especially in the European and American sessions of the day. The highest reached around 3386 in the morning and then retreated, and the lowest reached around 3350. If it continues to fluctuate in this range before the European session, it may still have room for upward movement in the later period. On the contrary, if the European session directly breaks through in the opposite direction, it is very likely to be converted into a decline in the shorts, not a retracement correction of the bulls;
Bearish reversal off pullback resistance?AUD/CAD is reacting off the pivot and could reverse to the 1st support.
Pivot: 0.89528
1st Support: 0.88159
1st Resistance: 0.90356
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BUY MARKET!!!Hello dears
If you are risk-averse, this analysis is for you...
Given the decline we had, you can see that the price was supported within the specified support range and a range was formed that can be purchased with risk and capital management and moved to the specified ranges...
*Trade safely with us*
Falling towards pullback support?The Gold (XAU/USD) is falling towards the pivot and could bounce to he 1st resistance which has been identified as a pullback resistance.
Pivot: 3,361.29
1st Support: 3,310.00
1st Resistance: 3,490.34
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAU/USD technical outlook: Gold price poised to challenge $3,350Gold price uptrend resumed as today’s price action confirmed a ‘bullish harami’ two-candle chart pattern, indicating that bulls are gathering steam. The Relative Strength Index (RSI) further confirmed the latter, as the RSI’s line aims upwards.
Therefore, traders will face key resistance levels like $3,350, followed by the $3,400 figure. If surpassed, the next stop would be $3,450 and $3,500. Conversely, if sellers drag XAU/USD spot price below $3,300, look for a test of the May 1 low of $3,202, ahead of the April 3 high turned support at $3,167.
Bullish bounce?USD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 141.80
1st Support: 140.13
1st Resistance: 145.44
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
WTI rises above $57.50, continues recovery despite concerns overWest Texas Intermediate (WTI) crude Oil price continues to recover during Asian trading on Tuesday, hovering around $57.60 per barrel after a nearly 2% decline on Monday. However, gains were capped by concerns over rising global supply following an OPEC+ decision to accelerate output increases.
Last week, OPEC+, the Organization of the Petroleum Exporting Countries and its allies, agreed to ramp up production for a second straight month, announcing an additional 411,000 barrels per day (bpd) increase for June. This increase, contributed by eight members including Russia, brings the combined rise for April, May, and June to 960,000 bpd—effectively reversing 44% of the 2.2 million bpd in cuts implemented since 2022, according to Reuters estimates.
Sources within the group told Reuters that OPEC+ could fully reverse its voluntary cuts by the end of October if compliance with output quotas does not improve. Saudi Arabia is reportedly pressuring the group to accelerate the rollback of cuts to penalize Iraq and Kazakhstan for their repeated failure to meet agreed production targets.
Bearish drop?EUR/CAD has reacted off the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 1.57044
1st Support: 1.54315
1st Resistance: 1.57990
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Latest gold operation analysisFrom the daily level, the current price resistance is in the 3310 area, which is the key watershed of the band trend. If the price is below this position, the subsequent band will be shorted. At the same time, for the short-term four-hour price resistance, it is in the 3253 range. The gains and losses of this position determine the key to the short-term trend. The price will consolidate up and down at this position in the short term. Pay attention to the support of this position and further test the daily resistance area before looking at the pressure.
Fed interest rate suspense and tariff shockGiven the current heightened uncertainty, the implementation of tariff policies, rising inflation expectations, and declining household and business confidence, the market generally expects the Federal Reserve to keep its policy interest rate unchanged this week. Fed Chairman Powell may hint that he is not in a hurry to cut interest rates, and mentioned that tariffs will push up inflation and drag down economic growth. With the implementation of tariffs, inflation will rise significantly in the coming months, and the US economy may fall into a mild recession in the second half of the year, with economic activity and employment likely to shrink in the third and fourth quarters.
In terms of gold, yesterday the lowest fell to 3305 and began to stabilize and rise. It closed at 3334. The daily line closed with a big positive column. Gold opened slightly with a slight correction of 3323 and began to stabilize and rise. Asian gold once again made a strong effort to rise to the highest position of 3386. The current lowest is 3353. It is currently at noon. It is hovering at 3365, and the overall trend is strong, but the excessive rise seems to reserve rhythm space for the next European and American trading. Be careful with short covering. The current upper resistance is at 3372-3377, and the lower support is at 3324-3317. In terms of operation, it is recommended to rebound and short.
Operation strategy 1: It is recommended to short on the rebound at 3372-3377, stop loss at 3382, and the target is 3350-3325.
Will gold fall after encountering resistance at its high point?Planning your trading is the prerequisite for making profits. The essence of the market is the cycle of highs and lows, alternating ups and downs, and the essence of trading is to grasp the relative highs and lows in the market and snipe valuable trading opportunities. This value has only two points: first, probability, and second, space.
After the gold price rose, we will analyze the trend of it correcting from the high to 3200. The key position of this rebound, that is, the 618 position, is near 3386. The gold price encountered resistance here in the morning. So technically this suppression can be used as a key reference for the future market. Today in the Asian session, we will first observe the support situation of 3350. If it breaks down, then before the interest rate decision in the early hours of Thursday, we will pay attention to whether the gold price can stand firmly above 3272. If this position is not stable, then the second half of the week will still be a downtrend. This wave of rise can only be regarded as a rebound repair, not a bull return (the premise is that 3386 above must not be broken).
Today's gold short-term operation ideas suggest that rebounding is the main focus, and callbacks are supplemented by longs. The upper short-term focus is on the 3386-3390 first-line resistance, and the lower short-term focus is on the 3320-3300 first-line support. All friends must keep up with the rhythm.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3380-3385, stop loss 6 points, target around 3350-3330, and look at 3320 if it breaks;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3315-3320, stop loss 6 points, target around 3340-3360, and look at 3380 if it breaks;
Gold bulls are comingJudging from the golden hourly chart, the Asian market is in line with a continued surge of gains. It adjusted to the 10 moving average of 3350 in the afternoon and stabilized. The European market slowly moved higher and approached the high point of the Asian market. This pattern is still very strong, and there is a high probability of a second rise; The 10 EMA is above 3370 as the primary support and continues to be bullish. As each line closes, the EMA support will slowly move upward. As long as it does not effectively break, the short squeeze will be maintained. A breakthrough of 3400 will also occur at any time. If it breaks through, it is easy to continue to storm above 3420. If it rises and falls and falls below the 10 EMA, then If it adjusts to the mid-track for the first time, there will still be good support, just continue to be bullish; comprehensively, in the short-term operation of gold, it is recommended to focus on callbacks and longs, supplemented by rebounds and shorts. The upper short-term focus is on the 3420-3430 first-line resistance, and the lower short-term focus is on the 3365-3370 first-line support.