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Parallel Channel

USDCAD → Attempt to break through resistance to continue growth FX:USDCAD is attempting to break through consolidation resistance within an uptrend. Growth in the dollar index may support the current trend. The dollar is rising. The currency pair is consolidating ahead of resistance at 1.40600, against which it is attempting to break through in order to continue growing. The growth may continue if the current fundamental background remains unchanged. Consolidation may support further growth. A breakout and closing above 1.4060 will confirm the bullish sentiment and, in turn, may trigger a distribution to 1.411 - 1.415. Resistance levels: 1.4060 Support levels: 1.4028, 1.4005 The trend is bullish, with virtually no pullback after the growth, only consolidation, which is technically a positive sign. A breakout of the specified consolidation resistance could trigger distribution to areas of interest. Best regards, R. Linda!
Long
by RLinda
7
GOLD → Consolidation. 4269 - trigger. Chances for growth?Gold is consolidating due to uncertainty. On Friday, the market broke its local structure, which slightly changed sentiment. Focus on current consolidation. Key drivers of the week: Trump's threat to impose 100% tariffs on Chinese imports and China's response supported demand for safe havens. Problems with regional banks (Zions, Western Alliance) and the fall in Treasury bond yields below 4% increased the inflow into gold. Powell maintained a neutral tone, but markets are expecting two rate cuts in 2024. All eyes are on inflation data, US-China negotiations, developments between Russia, the US, and China; any de-escalation of the situation could trigger a correction. Technically, the upward trend in gold remains relevant. Corrections will be bought up as long as uncertainty surrounding trade policy, the banking sector, and the Fed's monetary policy persists. Resistance levels: 4269, 4316 Support levels: 4251, 4218 At the moment, a pre-breakout base is forming around 4269. If the structure remains intact and the price continues to attack resistance, the chances of a breakout and growth will be high. Otherwise, a close below 4251 could trigger a retest of 4218. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
16
Gold’s Golden Retest?Gold continues to trade within a rising blue channel, maintaining its overall bullish structure. Currently, price is retesting the intersection between the lower blue trendline and the red structure zone, which has acted as strong support multiple times. As long as this confluence area holds, I’ll be looking for trend-following longs targeting the upper boundary of the channel. A break and close below this zone would temporarily pause the bullish momentum and open room for a deeper correction. ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
OANDA:XAUUSDLong
by TheSignalyst
XAUUSD-GOLD 1H Chart—SELL Setup with 3 Profit TargetsHello Guys, Here’s my 1-hour XAUUSD-GOLD analysis for you. These are the exact SELL levels I’ll be watching: 🔵SELL level: 4285.9 🔴 Stop level:4335.3 (or adjust based on your own margin) 🟢 TP1: 4264.8 🟢 TP2: 4232.1 🟢 TP3: 4185.0 Risk-to-reward ratio on this setup: 2.05 If XAUUSD-GOLD reaches these levels, I’ll definitely take a SELL position. Every like is my biggest motivation to keep sharing these analyses. Thanks to everyone supporting me!
TVC:GOLDShort
by TraderTilki
7
XAU USD - keeps on giving in 2025Hello, it's been a while. I've been on working building my pile in XAG, XAU reserves. Now i am back, Gold is still giving a phenomenal return on printing up and right (meaning growth). I don't know where price structure will end, however it's a highly probable chance we will hit $4,000USD per oz, and continue to raise. Daily chart image shows my thought pattern and an opportunity I am waiting for price to revert to. I'm referring to the Daily price chart and key counts are in line with Wave counting and supply and demand curve trading levels based on fair value gap intervals of weekly trading sessions plotted to a daily chart at intervals of 60. Current wave - 3 of 5 in the Elliott wave count. Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video - please listen again incase any detail is missed. Do you enjoy the setups? Professional analyst with 8+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIV
FOREXCOM:XAUUSDLong
by LupaCapital
1
Bearish Setup in Progress? Sharing a technical look and t he stock is showing signs of weakness — here’s the breakdown: Price broke below a key ascending trendline (green line). Now forming lower highs, potentially respecting a descending resistance line we got going . Fibonacci levels following the bias of price moving in channel and surprisingly 50% could be the key element . If this level breaks, next targets are the 61.8% retrace (~$162) and possibly the $150–145 zone (highlighted in yellow). We can also see steady selling pressure — no clear reversal yet. RSI is below 50, suggesting momentum is with the sellers. No bullish divergence yet — so sellers still in control . Dividend just paid (Oct 17) — stock often pulls back slightly afterward. Important element here mid-November earnings — this could act as a major catalyst. Not Financial Advice: Just sharing the setup I’m watching. Risk is real — triggers matter. This one could show power of proper approach wit simple tools .
NYSE:WSM
by PTO
NOK/USD Long-Term Elliott Wave OutlookThis weekly chart of the Norwegian Krone against the U.S. Dollar (NOK/USD) shows a clear long-term bearish structure within a descending Elliott Wave channel. The pair has been in a sustained downtrend since 2008, forming a five-wave impulsive pattern. Wave (1) and (3) are already completed, with Wave (3) extending to the 1.618 Fibonacci projection level — a typical target for a strong third wave. The recent corrective structure suggests the completion of Wave (2) of a larger degree, likely retracing between the 0.382 and 0.618 Fibonacci levels. The projection anticipates the start of a new bearish cycle with the unfolding of Wave (3) → (4) → (5), targeting the 0.055–0.06 zone. This region aligns with long-term Fibonacci confluence and the lower boundary of the descending channel, representing a potential final low before a major trend reversal. Traders should monitor confirmation signals on lower timeframes to validate the start of Wave (3) down. Disclaimer: The charts I post are based on Elliott Wave Principle and are intended to be self-explanatory. TradingView requires a meaningful description, and this text was AI-generated to provide accessible context for those less familiar with Elliott Wave concepts. This is not financial advice.
Short
by trader0x42
2
Gold can Fail its Rally and Fall Towards 4125Hello traders, I want share with you my opinion about Gold. The market for Gold has been through a highly complex and volatile phase after breaking down from its prior upward channel. This led to a significant fall into the support zone, followed by a strong recovery that has since pushed the price of XAU above a major ascending trend line. Currently, the asset is undergoing a corrective pull-back towards this broken trend line, setting the stage for what I believe is a critical test. In my mind, the price action is setting up a potential 'bull trap'. I expect that the price will first make a correction to the trend line, find support, and then attempt another rally. I think this rally will be exhaustive and will fail upon reaching the 4280 mark. A confirmed rejection from that peak would signal a major reversal. The subsequent decline should have enough momentum to break the major ascending trend line. Therefore, I have placed my TP for this reversal scenario at 4125. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDShort
by LegionQ8
15
Bitcoin at the EdgeShort-Term View: Bitcoin (BTCUSD) has broken below the lower boundary of its rising channel near $111,000–$112,000, signaling potential short-term weakness. However, the price is still hovering close to this zone, meaning a false breakdown and quick recovery could still happen. If BTC reclaims $114,000, a rebound toward $118,000 → $122,000 becomes likely. A daily close below $104,000 would confirm a deeper bearish move. Long-Term View: As long as Bitcoin stays above the $101,000–$102,000 area (the last major swing low), the broader bullish structure remains intact. A recovery back inside the channel could reignite the uptrend toward $125,000–$128,000. If the breakdown holds and BTC closes multiple days below $101,000, the long-term support could shift lower toward $92,000–$88,000. Summary: Bitcoin is currently testing the bottom of a long-term ascending channel, making this a critical zone for market direction. A recovery above $114K could turn sentiment bullish again, while sustained weakness below $104K opens the door to a larger correction.
INDEX:BTCUSDShort
by isahebdadi
Dollar index - Macro Bearish divergenceA lot of information in the above 6-month chart of the dollar index, could discuss for hours.. some highlights: 1) The bearish divergence currently printing shall confirm by July 2023 should 100 level collapse. It is the only time in history a bearish divergence of this strength has printed on the 6-month chart. 2) IF it confirms, the index will target the lower side of the channel around 60-70 level. 3) Notice the trend of the index, lower highs lower lows. It is remarkable how many are bullish on the dollar, in the macro sense. 4) Both the S&P 500 and the NASDAQ made considerable gains in the 10-year period that followed a rejection from the upper side of the channel. Many ‘experts’ now talk about the coming lost decade. Gold is the only option, they say. Is that what you see in this chart?! Not what I’m seeing.. Will return in July to see how this candle prints, however with 1.3 months to go it is not looking good for the dollar. Ww
INDEX:DXYShort
by without_worries
18
XAUUSD: Rally can Reach new ATH - $4520 pointsHello everyone, here is my breakdown of the current Gold setup. Market Analysis Gold has been in a very strong and complex uptrend. We saw the price break out of an initial range and then establish a major Trend Line that has guided it higher, breaking through key levels like Support 2 at 3670 and Support 1 at 4020. Currently, the most significant event is that the price has broken out above its main Trend Line. After this powerful move, the market has entered a natural corrective phase and is pulling back towards this broken line for a classic retest. This is a critical area to watch. My Scenario & Strategy I'm looking for the price to complete its correction down to this main ascending trend line. The key signal for me would be a confirmed and strong bounce from this dynamic support, which would tell me the pullback is over and the primary trend is ready to accelerate. Therefore, the strategy is to watch for this bounce. A successful defense of the trend line would validate the long scenario. My new target for the next impulsive wave higher is 4520, which would represent a new ATH. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
FOREXCOM:XAUUSDLong
by Ratner
7
BTCUSD: Pivot from Support level and Rally to $116KHello everyone, here is my breakdown of the current Bitcoin setup. Market Analysis From a broader perspective, after a powerful rally to a new All-Time High around 126000, the market for Bitcoin has entered a significant and complex corrective phase. This entire correction has been developing within the confines of a large triangle pattern, with price coiling between major support and resistance. Currently, the price has rotated down and is now at a critical inflection point, testing the ascending support line of this multi-week triangle. This area also aligns with the major horizontal Support around the 110500 level, creating a strong confluence of support. My Scenario & Strategy I see this test of the Triangle Support Line as a logical point for buyers to step in and defend the structure, just as they have done at previous lows within this pattern. I'm looking for the price to make one final small corrective dip into this support area. The key signal for me would be a confirmed and strong bounce from this level, which would indicate that the selling pressure is exhausted and a new rotation to the upside is beginning. The primary target for this rotational move is 116000, a key level of prior price action inside the triangle. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
BINANCE:BTCUSDLong
by Ratner
6
BTCUSD Long: Reversal from the Bottom of the ChannelHello, traders! The price auction for BTCUSD has been controlled by a well-defined descending channel. This bearish structure has guided the price lower, with sellers showing strength by breaking below key levels, including the prior support at 111000. The auction has seen multiple tests of both the channel's supply and demand lines. Currently, the auction is at a critical inflection point. After recently touching the lower demand line of the channel, a pivot point low has been established, and the price is now attempting to initiate a bullish reversal from these lows, showing early signs of buyer interest. My scenario for the development of events is a bullish reversal from this channel support. I expect the price may make a brief corrective retest of the recent low to confirm buyer initiative. In my opinion, a successful hold will trigger a rally strong enough to reclaim the broken 111000 level, which is now resistance. The take-profit is therefore set at 112200, targeting the area just above this key structural point. Manage your risk!
BINANCE:BTCUSDLong
by heniitrading
7
GOLD → Positive backdrop. Consolidation before growth?FX:XAUUSD is consolidating after a shake-down in the Asian and Pacific sessions. The price hit a new low of 4278, but bulls are aggressively buying up two liquidations (manipulation?). The metal is preparing for its ninth consecutive week in positive territory, with an 8% increase over the week. Key drivers: Fed members confirmed their readiness to cut rates in October and pointed to risks for the labor market. The situation with the trade war between China and the US is still tense. However, negotiations between the presidents of three countries on the conflict in Eastern Europe have raised hopes for de-escalation, which has temporarily reduced demand for defensive assets. The shutdown continues, which supports the price of gold. The correction in gold is a temporary pause, and any decline will be used for purchases. Technically, the focus is on the global trading range of 4280-4380, with consolidation within 4350-4330. A breakout of the accumulation zone could trigger a move in the direction of the breakout Resistance levels: 4350, 4380 Support levels: 4320, 4300, 4280 Technically, before rising, the price may test the liquidity zone located below the specified support zones. However, it is also worth watching the 4350 trigger—a breakout of resistance and a close above this level could trigger continued growth within the current bullish trend. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
23
GBPCAD → The hunt for liquidity ahead of growthFX:GBPCAD , after breaking through the resistance of the ascending triangle consolidation pattern and updating its high to 1.8915, is forming a correction to retest the zone of interest before continuing its growth The British pound is forming an uptrend, which supports the price of the currency pair. The currency pair is forming a breakout of resistance. After updating the maximum, the price is rolling back to retest the previously broken consolidation border. Liquidity capture relative to 1.8825 - 1.8807 could lead to a shift in the imbalance towards buyers and provoke continued growth. Resistance levels: 1.8915 Support levels: 1.8825, 1.8808 If, during the retest of support, the bulls keep the price above this zone, then the chances of a reversal and growth will be high. 1.8915 - 1.900 can be considered as a potential target. Best regards, R. Linda!
Long
by RLinda
3
EURJPY - Buy the gap, ride the trend!EURJPY remains overall bullish inside an ascending channel. Price is pulling back toward a support zone that coincides with the lower channel trendline—a strong confluence where I’ll look for trend-following longs. The small gap overhead adds fuel for a potential snap-back if buyers step in. I’ll wait for a bullish rejection (wick rejections, H4 bullish engulfing, or a break-retest back above the intraday lower highs) around 172.8–173.4 to enter. As long as this intersection holds, I’ll target the mid-channel first, then the upper boundary near 176.5 and 178.0–178.8. The plan is invalidated on a clean H4 close below 172.3 (under the zone and trendline), which would open a deeper correction before any new buy setup. ⚠️ Not financial advice. Do your own research and manage risk (position sizing, stops, partials). All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
4
S&P500 | Mild CrashRisk assets looking to sell off as the stock market tops out around $6,800. Current price action is only pulling back to test sellers again and we should see a continuation in selling until mid November and hopefully to see a Christmas rally to end the year off. Since price action awfully looks similar to '24 - '25 Fractal we could say the SPX will look to top next year February/March also considering we're on correction 4 in the Elliott Wave Theory. Would like to see the S&P bottom out around April - July months of next year at $5,600 if we can continue the bullish parallel trend.
OANDA:SPX500USDShort
by Nathanl19
Xau/Usd - Key Buying Zones In FocusGold has been following a strong bullish trend, forming higher highs and higher lows within a rising channel. The chart shows multiple Breaks of Structure (BOS), confirming bullish momentum. Price action is currently approaching a weak high, suggesting potential continuation toward the $4350 target. Several Buying Zones are clearly marked, indicating areas of strong demand where buyers have previously stepped in. If price pulls back from current levels, these zones offer high-probability re-entry areas for long positions. As long as price respects these demand zones and remains within or above the ascending channel, bullish bias remains intact. Traders may look for confirmation in the buying zones for potential entries targeting the $4350 mark.
OANDA:XAUUSDLong
by Hamza_Gold