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$XAU TAKE PROFIT 4 DONE & Price Serged 9.79% ~ $3005 ATH NOW TVC:XAU TAKE PROFIT 3 DONE & Price Serged 9.77% ~ $2,963 ATH NOW Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
1
$BTC Price Showing Head and Shoulder Pattern On Chart, CPI DATACRYPTOCAP:BTC Price Showing Head and Shoulder Pattern On Chart, CPI DATA, $95K Soon as Possible? Bitcoin high-entry buyers are driving sell pressure, price may ‘floor’ at $70K Bitcoin's “top buyers” are selling heavily, with onchain analytics firm Glassnode calling it a “moderate capitulation event.” Bitcoin buyers who purchased around when it hit a $109,000 all-time peak in January are now panic-selling as the cryptocurrency declines, says onchain analytics firm Glassnode, which isn’t ruling out that Bitcoin could slide to $70,000. Glassnode said in a March 11 markets report that a recent sell-off by top buyers has driven “intense loss realization and a moderate capitulation event.” Short-term holders fled as Bitcoin dropped from peak The surge in buyers paying higher prices for Bitcoin BTC $82,482 in recent months is reflected in the short-term holder realized price — the average purchase price for those holding Bitcoin for less than 155 days. In October, the short-term realized price was $62,000. At the time of publication, it’s $91,362 — up about 47% in five months, according to Bitbo data. Meanwhile, Bitcoin is trading at $81,930 at the time of publication, according to CoinMarketCap. This leaves the average short-term holder with an unrealized loss of roughly 10.6%. Related: Bitcoin slides another 3% — Is BTC price headed for $69K next? On the same day, BitMEX co-founder Arthur Hayes said that Bitcoin may retest the $78,000 price level and, if that fails, may head to $75,000 next. Glassnode explained that a similar sell-off Bitcoin pattern was seen in August when Bitcoin fell from $68,000 to around $49,000 amid fears of a recession, poor employment data in the United States, and sluggish growth among leading tech stocks. #BTC☀ #BinanceAlphaAlert #BinanceSquareFamily #Write2Earn #SUBROOFFICIAL Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
Long
by SUBROOFFICIAL
$SOL Price LONG Setup February 2025 | 1D | SOLUSDT See on Chart✨SOL Price LONG Setup February 2025 | 1D | SOLUSDT Solana News: VanEck Predicts $520, But This $0.01 Token is the One to Watch in 2025 VanEck, a prominent investment management firm, has recently predicted a strong run for Solana in 2025, saying the token could hit $520. This projection is based on Solana’s anticipated market share growth in the smart contract sector, which is expected to rise from 15% to 22% in 2025. Given this, Solana’s market capitalization could skyrocket to $250 billion, driving Solana’s price to $520 based on an estimated 486 million circulating tokens. Solana Price Prediction: $150 Looking Inevitable Solana is currently trading at $168 though it continues to plummet, having seen a drastic loss in the last 24 hours. As noted by Crypto Daily, a dip below $150 could pave Solana’s path to much lower prices, such as $140 and under. • Solana (SOL) Technical Analysis and Key Levels The potential reason behind this fear is the recent breakdown of the crucial support level at $180, which SOL failed to hold. Additionally, it has fallen below the 200 Exponential Moving Average (EMA), indicating that the asset is in a downtrend. Based on recent price action and historical patterns, it appears that SOL is bearish, with a high probability of staying between $160 and $180 until it crosses the $190 mark. However, SOL falls below the $160 level, there is a strong possibility it could drop another 20% to reach $120 in the future. According to the data, traders betting on the bullish side are currently dominating the asset, as they are over-leveraged at the $162.8 level and hold $145 million worth of long positions. This over-leveraged level suggests that traders believe SOL’s price won’t fall below this point, which currently acts as strong support. #Write2Earn #BinanceAlphaAlert #BNBChainMeme #solana #SUBROOFFICIAL Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance any investment.
Long
by SUBROOFFICIAL
$SOL Price LONG Setup February 2025 | 1D | SOLUSDTSee on Chart, Recently News- Ethereum Price Holding Above $2600 Could Spark an Altseason? Ethereum price is currently testing a crucial support level at $2,670, hovering dangerously close to the $2,600 threshold which is crucial for its price and other altcoins. This price, just above 0.618 Fibonacci retracement level, was a key support that could dictate ETH’s and other altcoins short-term trajectory. If Ethereum fails to maintain the $2600 level, it could signal a broader downturn, potentially impacting the anticipated altcoin season. Ethereum has been navigating within an expansive ascending channel since mid-2023, adhering to both support and resistance levels delineated by Fibonacci retracement lines. Notable touches at the 0.236 Fibonacci level around $1,456 and rebounds off the 0.382 level around $1,767 demonstrate the historical significance of these zones. A fall below the current level near $2,670 might see ETH targeting lower supports at $2,414 and possibly $2,175. Conversely, a rebound from the $2,600 level could reignite bullish sentiment, possibly pushing prices towards upper resistance levels near $3,140 and beyond. This potential recovery would be critical in maintaining the momentum required for an altseason, characterized by widespread gains across various altcoins. How Whales Could Spark an Altseason? The total balances for wallets holding between 10k to 100k ETH surged, reaching 16 Million ETH by February 2025, compared to just above 14 Million in early 2024. This substantial accumulation coincided with a noticeable uptick in ETH’s price. It escalated from around $2,400 in December 2024 to over $3,800 in January 2025 before slightly retracting. After a peak in early 2025, ETH price headed into a downward trend while the balances in whales’ wallets did not shown a similar decline. This indicates a potential holding strategy rather than a sell-off. Recently From News- Ethereum (ETH), the king of altcoins, has been steadily climbing, with analysts predicting a potential rally to $10,000 in 2025 as institutional adoption grows. Historically, when Ethereum moves, ERC-20 tokens follow, meaning that a major ETH rally could send Shiba Inu (SHIB) and Mutuum Finance (MUTM) soaring. With ETH currently priced at $2,773, a push toward $10,000 would likely create a bull market for ERC-20 tokens. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance any investment.
Long
by SUBROOFFICIAL
$BTC Long Setup February 2025 | 4H | BTCUSDT See on Chart,✨ CRYPTOCAP:BTC Long Setup February 2025 | 4H | BTCUSDT Recent News: Czech Central Bank Explores Bitcoin Amid Cautions Over Crypto Risks Analyst Says Bitcoin Could Reach $100K in 1-2 Weeks, Trying to Create New Support. Bitcoin's price has recently bounced from a key support level, located just below the 78.6% retracement, which has been a focal point in the last few days. The price formed a local low and attempted a move to the upside. However, the bullish rally is still in its early stages, and the momentum seems too small to be considered a strong trend just yet. Currently, Bitcoin has failed to break the previous swing high from February 3rd, which is around $96,700. For the bulls to show strength, a break above this level is essential. While this move up could be a sign of things to come, the price action is not yet strong enough to confirm a substantial low. Crypto analyst Michael say Bitcoin and Ethereum in the coming weeks. He believes Bitcoin could reach $100K within 1-2 weeks, with the current consolidation phase offering a great entry point for investors. As Bitcoin holds at lower levels, van de Poppe sees it as a chance for a potential breakout. Market Implications The price area between GETTEX:89K and $57K may receive backing from institutional investors and ETFs yet a significant market fall below $57K would signal extended bearish trends. Long-term holders keep GETTEX:25K as their essential reference point for the market because previous market bottoms reached this exact value. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance any investment.
Long
by SUBROOFFICIAL
Pattern Identification ExerciseHere I run through an exercise I first started carrying out around 4 years ago. It is a brilliant tool to help train yours eyes to spot patterns within the market, log the data across multiple different instruments and find specific characteristics with that instrument. The importance behind carrying out an exercise like this is training your lens to spot these in the live markets, and also stacking your confidence so when you see these develop you are able to approach them in the best way possible. Any questions just drop them below 👇
Education
by JordanWillson
12
CHR Set to Skyrocket? Potential 43x to 165x Ahead!▍Reason 1: BINANCE:CHRUSDT is perfectly replicating the price structure from the last bull run. You can refer to the points I marked (1-7) in the chart. In the last cycle, point 7 marked the lowest point before the price surged 84x. ▍Reason 2: Since January 2021, CHR has been forming a multi-year symmetrical triangle, and it's now approaching the end of this pattern. According to triangle consolidation theory, this means a major breakout is imminent. Considering that altcoin season is also approaching (I've attached my previous analysis below), CHR is very likely to explode upwards! ▍Price Target Projections: 1. Fibonacci Target (marked in the chart) suggests a target of $6.6, representing a 43x increase from the current price. 2. Triangle Breakout Target (marked in the chart) suggests a potential high of $25, an incredible 165x from the current price! I don’t think this bull run will deliver 100x+ gains, but with this potential, isn’t it worth getting in now? for more future script 'guesses' like this!
BINANCE:CHRUSDLong
by Harold_123
BTC Set for Bigger Shakes Over Time? Break 90K & Over 120K?BINANCE:BTCUSDT has been quite volatile lately since Dec., as it's moving within a broadening triangle pattern. This pattern is characterized by its expanding price range, meaning the price swings get larger and more dramatic over time. Right now, Bitcoin has the potential to climb above $120K, but BTC could also drop sharply to $90,900. That’s a massive $30K range—and it’s only expected to grow wider. If we see one or two quick drops to the bottom of the broadening triangle, the market sentiment could turn bearish. General investors might start panic-selling, which allows major players to collect coins at lower prices. But here’s the key: even a sudden $30K drop within this pattern doesn’t affect Bitcoin’s long-term bullish outlook. It’s just noise within the structure. Are you ready to navigate this increasingly wild market? Every coin has multiple potential scenarios. This is just one of them, and I’ll share more scripts in the future. Follow me for updates! 😃
by Harold_123
$BTC BIG PUMPING & PROFIT TARGET 4 DONE BINANCE:BTCUSDT BIG PUMPING & PROFIT TARGET 4 DONE Chart Analysis ( CRYPTOCAP:BTC ) 💫NEW ATH : $108,306.16 🎆ENTRY POINT : $94428.96 🎇STOPLOSS ZONE : $90,444.77 1ST TARGET $99,762.63 🔥 2ND TARGET $102,315.06 🔥 3RD TARGET $105,501.97🔥 4TH TARGET $108,306.16🔥 Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
$SOLANA PRICE PREDICTION 2025 | HIT TARGET $330 see more chartBINANCE:SOLUSDT PRICE PREDICTION 2025 | HIT TARGET $330 see more chart Solana Reclaims Monthly And Weekly Support Levels – Expert Sets $330 Target • SOLUSDT Solana (SOL) has made a remarkable recovery following Monday’s unexpected flash crash, surging by more than 28% in less than five days. This impressive rebound has sparked renewed optimism among investors, who are now eyeing the potential for a bullish continuation in the weeks ahead. The rapid price increase has positioned Solana as one of the top-performing assets in the crypto market, signaling a potential shift in momentum. Renowned analyst Jelle recently shared a detailed technical analysis, highlighting that Solana has broken out of its prolonged downtrend. According to Jelle, SOL has successfully reclaimed crucial monthly and weekly support levels, indicating a significant move could be on the horizon. These levels, often considered key benchmarks for long-term stability, suggest that Solana’s recent gains may be more than just a temporary bounce. If Solana can sustain this momentum, it may not only recover from recent losses but also pave the way for further gains, potentially outperforming other major altcoins. As technical indicators align with market enthusiasm, Solana could be gearing up for a breakout rally that captures the spotlight. Solana Set To Enter Price Discovery Phase Solana (SOL) emerged as one of the top market performers in 2024, posting an impressive surge of over 170%. This stellar performance cemented its position as a market leader and highlighted its resilience and growth potential within the crypto space. As 2025 unfolds, optimism surrounding Solana remains high, with many investors anticipating significant gains in the coming months. The momentum appears to be building already, as Solana begins the year with a potential breakout. Renowned analyst Jelle recently shared insights on X, pointing out that SOL has successfully broken out of the downtrend that had restrained it since late November. Solana breaking out of a downtrend | Source: Jelle on X Moreover, Solana has reclaimed both monthly and weekly support levels—crucial milestones indicating that the asset has regained its bullish footing. According to Jelle, the price action for Solana is “super clean,” suggesting that the cryptocurrency is well-positioned for higher valuations. Jelle’s initial target for SOL is set at $330, a level that would not only mark a significant recovery but could also push Solana into a price discovery phase. This phase typically sees heightened market interest and volatility as traders and investors recalibrate expectations for the asset’s long-term value. With technical indicators and market sentiment aligning, Solana appears poised to capitalize on its upward trajectory. If Solana sustains this bullish momentum, it could continue to dominate headlines as a top-performing asset in 2025. As anticipation builds for further upside, traders and investors are closely monitoring key levels, knowing that the cryptocurrency’s next big move could redefine its role in the broader crypto ecosystem. SOL Testing Crucial Supply Around $220 Solana (SOL) is currently trading at $218, approaching a critical level that could determine its next major move. The price is on the verge of setting a new local high above $222, a significant resistance point. Breaking through this level would signal a strong bullish continuation, setting the stage for massive price appreciation and the potential to reclaim its all-time high (ATH). • SOL testing crucial supply Analysts believe that if SOL clears the $222 mark and maintains its momentum, the next key level to watch is $250. Reclaiming and holding $250 as support would pave the way for Solana to enter uncharted territory, pushing its price into a new all-time high and potentially beginning a price discovery phase. This development would further solidify Solana’s position as a market leader and attract increased investor attention. However, failing to surpass the $222 resistance or reclaim the $250 level could lead to a consolidation phase. Such a pause in price action might delay Solana’s rally but could also provide a foundation for renewed momentum in the future. With market participants closely monitoring these levels, Solana’s price movements in the coming days will be pivotal in determining whether the cryptocurrency embarks on its next major leg up or enters a temporary holding pattern Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
Long
by SUBROOFFICIAL
$BTC Price Quickly Puming and Profit Target 3 Done. See on ChartBINANCE:BTCUSDT Price Quickly Puming and Profit Target 3 Done. See on Chart ... This pattern resembles a "cup" followed by a downward trend, or "handle," which typically signals a buying opportunity. According to Martinez, this suggests a potential upside target of $276,400 for Bitcoin-more than doubling its record high of $108,000 reached at the end of last year. • Bitcoin price still on track for $180K in 2025: Bitcoin BTCUSD hitting $130,000 would be a "great result" for the current bull market, longtime trader and analyst Filbfilb says. In his latest interview with Cointelegraph, the co-founder of trading suite DecenTrader gives his predictions on where BTC price action may be headed this cycle. • Trump, trade wars and record Bitcoin dominance Bitcoin is bouncing back after a trip to two-month lows and is holding well above $100,000 as of Jan. 17, per data from Cointelegraph Markets Pro and TradingView. For Filbfilb, good things lie in wait - especially with the incoming US government administration under President-elect Donald Trump. Pro-Bitcoin and pro-crypto policies could well offer a short-term market impulse, but it may not all be plain sailing anv talk of trade wars. • Bitcoin Breaks Out Of Cup-And-Handle Pattern, Eyes $276,000 Target The market's leading cryptocurrency, Bitcoin (BTC), has rejoined the crypto rally, gaining momentum on Friday amid reports that President-elect Donald Trump may issue an executive order prioritizing cryptocurrencies as soon as he takes office. As of the latest data from CoinGecko, Bitcoin surged nearly 5% in the 24-hour time frame, reaching $104,000. The broader cryptocurrency market, represented by the CoinDesk 20 index, also saw an uptick, rising 1% following a 4% increase on Thursday. This newfound interest in Bitcoin has positively impacted exchange operators, with shares of platforms like Coinbase and Robinhood climbing approximately 5% and 3%, respectively. #BinanceAlphaAlert #BTC☀ #CPIPlunge2025 #BinanceSquareFamily #SUBROOFFICIAL
Long
by SUBROOFFICIAL
$C98USDT have Analysis 2025 See on Week Chart...$C98USDT:BINANCE have Analysis 2025 See on Week Chart... Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
CRYPTO:C98USDLong
by SUBROOFFICIAL
$BTC Profit Target Done and It's Just Beginning? BINANCE:BTCUSDT Take Profit Done and it's just a Begging? In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level. Bitcoin price started another increase above the $100,000 resistance zone. BTC is up nearly 5% and it traded to a new all-time high above $106,400. Bitcoin started a fresh surge above the $100,000 Zone. The price is trading above $102,000 and the 100 hourly Simple moving average. There is a connecting bulish trend line forming with support at $103,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $102,500 support zone. Bitcoin Price Rallies Again Bitcoin price formed a base and started a fresh increase above the $100,000 zone. There was a move above the $102,200 and $103,500 levels. The price even cleared the $104,000 level. A new all-time high was formed at $106,487 and the price is now consolidating gains. It is slowly moving lower below the 23.6% Fib retracement level of the recent wave from the $99,250 swing low to the $106,487 high. Bitcoin price is now trading above $102,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $103,400 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the recent wave from the $99,250 swing low to the $106,487 high. On the upside, the price could face resistance near the $105,500 level. The first key resistance is near the $106,500 level. A clear move above the $106,500 resistance might send the price higher. The next key resistance could be $108,000. A close above the $108,000 resistance might send the price further higher. Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
$ETH Price Finally Hit $4000 and Take Profit 3 Done, See chartBINANCE:ETHUSDT Finally Price Hit $4000 and Take Profit 3 Done, See chart Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
$LUNA above price $0.67 and its FVG Resistance area. See chartBINANCE:LUNAUSDT above price $0.67 and its FVG Resistance area. It will touch price $0.77 and it will touch $1 before consolidation of Big FVG price level area. Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
1
$LUNC Price above $0.00015000 and it will Touch $0.00016000 BINANCE:LUNCUSDT Price above $0.00015000 and it will Touch $0.00016000 price level. Its price now Big FVG area and touch the Dynamic Price level area. See on chart more Details Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
1
$BTC HITS $100K DoneDisclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
$ETH Road to $4K & Target Point 2 Done. see on chart...CRYPTOCAP:ETH Road to EUROTLX:4K & Target Point 2 Done. see on chart CRYPTOCAP:ETH Price Now $3727 and waiting for Target Point 3 Ethereum Price Could Breakout Past $4,000, Where Is the Next Key Price Target. Ethereum’s price has already shown significant resilience as the token broke above the $3000 and $3400 levels within the last few weeks. However, Ethereum’s price currently faces a minor consolidation with a  2.92% decline over the last 24 hours. Ethereum is currently trading for $3,631 with its trading volume up by 63.56%.  Despite this minor dip Ethereum’s on-chain metrics suggest strong bullish momentum. If Ethereum can maintain its position above the $3000 support it could target the closest resistance at $4,178.62. If Ethereum breaks above the $4000 milestone, market experts are projecting a massive rally towards the next price target at $4,652.23.  Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
1
Precious Metals / Gold holding up in Oceania & Asia - Thursday At the New York session yesterday Wednesday, Gold got sketchy as the price quickly sold-off below the critical 2500 level but it soon got support as a further sell-down in the Gold price was not warranted. The Gold-price bottomed at 2494.03. As it recovered quickly with bulls stepping in the price got back above the 2500 zone. I advised here of bullish W/bottoms emerging on the lower-timeframes & I could see that as these W/bottoms were forming & getting written that there was plenty of support in the price above the 2500 level. We bought in and had a good ride to 2016 where I advised to take some profit off-the-table. The USDX US$ index turned around mid-afternoon yesterday (Wednesday) in the New York session. Right now some 5 hours later just after the Thursday Asian session we are still seeing a turnaround in the USDX due to some oversold condition of it due to its selling off this week on weakness. I am monitoring it to see if and when it does turnaround again. The 4HR & Daily Stochastic seems to be coming into some support of its oversold condition but this weakness can reemerge at anytime. I will keep watching because of its impact on the Gold price. The Vix-Index was a tad elevated during Wednesday trading but it has since come-off somewhat during Asian trading this Thursday which is probably good for the Gold price but that can vary somewhat depending on how much the VIX increases. During a huge rise in the VIX like we saw a couple of weeks ago the Gold price sold off very savagely. I like these bullish patterns on Gold at the moment. I think if the USDX sells off again during Thursday then this pattern emerging on the lower and mid timeframes looks supportive for Gold.
EIGHTCAP:XAUUSD
by Easy_Explosive_Trading
3