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Bearish Reversal Incoming? Key Resistance Holds as Price StallsAfter analyzing multiple timeframes, we observe that the price has surged significantly and is now trading within a key resistance zone. The resistance remains strong, and the RSI across multiple timeframes is in the extreme overbought territory, showing bearish divergences. Additionally, despite the sharp rally, the price has not undergone any meaningful correction. Considering these factors—strong resistance, the proximity to a weekly trendline, extreme overbought conditions, and bearish divergence—along with the presence of a hanging man candlestick at resistance, a correction is likely. Our correction targets are the 50% and 61.8% Fibonacci retracement levels.
Short
by SpicyPips
Gold Price Analysis March 17⭐️Fundamental Analysis Persistent concerns over escalating trade tensions and their impact on the global economy, coupled with geopolitical risks, continued to act as a bullish driver for safe-haven bullion. In addition, bets that the Federal Reserve (Fed) will cut interest rates multiple times this year further bolstered the non-yielding yellow metal. The prospect of further policy easing by the US central bank sent the US dollar (USD) tumbling near multi-month lows touched last week, further supporting gold prices. However, a positive shift in global risk sentiment, bolstered by optimism over China’s stimulus measures announced over the weekend, capped XAU/USD’s gains. Traders also appeared reluctant, opting to wait for the outcome of the FOMC’s two-day policy meeting on Wednesday. ⭐️Technical analysis Gold is in a difficult trading phase when the price range is unclear for buying and selling zones, pay attention to the 2980 zone today for BUY strategies. If it breaks this zone, the strategy will only SELL to 2955. In case gold breaks 2994, there will be a new AT H in the last trading sessions in Europe and America today.
OANDA:XAUUSD
by TVS-Trader
Gold Price Analysis February 28⭐️Fundamental Analysis This week, the US Dollar (USD) continued to recover on expectations that the Federal Reserve (Fed) will keep its monetary policy tight as inflation remains high. This caused money to flow out of gold - a non-yielding asset. In addition, gold prices fell as investors adjusted their positions ahead of the US release of important inflation data, a factor that could affect the Fed's interest rate decision and the short-term direction of gold. However, concerns about former US President Donald Trump's tariff policy and risk-off sentiment could help gold hold its price. In addition, falling US Treasury yields also contributed to limiting gold's decline ⭐️Technical Analysis After closing yesterday's candle, gold confirmed a clear downtrend. The SELL zone that is being watched by investors today is around 2889. Any price increase today is considered a great opportunity to sell. 2840 is considered as the support zone today. The wider price range is being watched when there are signs of Break out from the narrow range at 2920 and 2806. Currently, gold needs to break through 2870 to reach the upper range and if it fails to break 2870, we can set SELL signals at 2840 today.
OANDA:XAUUSD
by TVS-Trader
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BINANCE:BTCUSD.PLong
by wolfchemist
1
SPY to $650 in January?SPY recently retraced to the bottom of our Magic Linear Regression Channel with a large 3%+ move. Today, there was a nice bounce bounce from the channel bottom, back up to yesterday's open. So, what's next for SPY. The Magic Linear Regression Channel shows upside potential to it's baseline back at its recent all-time highs, and the potential for a higher move to the $630-$650 range. However, there is also the potential for it to fall back through the channel. Since we've been in a bull market for awhile now, that channel break would have to happen more definitively in order for that to be a likely scenario. We've recently introduced the Magic Candles PRO indicator, which shows high volume candles that have very little price movement. When paired with the Magic Linear Regression Channel on a 1 day chart, it tends to show reversals at key levels on the Magic Linear Regression Channel. However, because we had a large move down on Weds, Dec. 17th 2024, and a large move up on Friday, Dec. 20th 2024 and ended up at the open of Thurs., Dec. 18th 2024, we get a doji on the 2 day chart that shows a massive "volume hammer" signal not seen since 2019, 5 years ago. This signals that we are on the verge of a large sustained move. Again, because we've been in a bull market, and there aren't any very strong signs that it is over, we suspect that the large sustained move will be to the upside, because of the signal. If the price breaks down out of the channel, then we'll be in for a nice downward ride. Until that happens, though, we're bullish as we approach the all-time high again, and all the way to the $630-$650 range.
AMEX:SPYLong
by mwrightinc
3
TSLA to $420?TSLA has been on a tear over the past month or so. Using the Magic Linear Regression Channel indicator we look at the chart of TSLA and see that it has blown through a lot of the parallel channels, making it seem difficult to pinpoint. But, by adding an outer Fibonacci band to the Magic Linear Regression Channel, and selecting starting pivot highs followed by the biggest drops, we can form a channel that has an upper Fibonacci channel that coincides with the all-time high. However, since TSLA didn't get to Elon's favorite number, 420, last time around, I think it will make it there this time before correcting or consolidating. And, it could make it there before the end of the year.
NASDAQ:TSLALong
by mwrightinc
2
Be Ready For A 20%+ Pullback On BitcoinTraders, With the 100k psychological resistance almost hit today and just above that our 1.618 Fib Retracement from previous high in 2021 to its low during the bear market, I think it is time we consider some pullback from Bitcoin. I sometimes like to take a look a MSTR to see what it's doing as it often drops clues as to what Bitcoin will do next. Today MSTR dropped nearly 22%. That's interesting because the level of pullback that I have been discussing for Bitcoin is to that 76k price level, around 22%. I may actually even pull the trigger and short BTC at 100k and then DCA in another load at 102k but I am not sure we'll even get there before we start to pull back. ✌️ Stew
INDEX:BTCUSDShort
by stewdamus
2
Golden Cross, Overbought Conditions, and Key Resistance Ahead!OANDA:XAUUSD Multi-Timeframe Analysis Price is above all moving averages, indicating an uptrend. A Golden Cross is forming near the 2656 level, suggesting bullish potential. However, caution is advised as the price is near strong resistance, which may cap upward movement. For a potential correction, the price target is 2656. The monthly RSI is overbought at 80.07, indicating a potential long-term pullback. The weekly RSI is mildly bullish at 65.45, while the daily RSI is neutral at 58.62. The 4-hour RSI is overbought at 76.36, signaling a possible pullback. The 3-hour and 2-hour RSIs are extremely overbought, with bearish divergence, reinforcing a likely near-term correction. The price is approaching a critical resistance zone, where sellers may enter. Weak volume across timeframes suggests a lack of buying conviction, and if volume remains weak near resistance, a reversal or consolidation could occur. Actionable Insights: Caution is advised due to overbought conditions and weak volume. Watch for price rejection at resistance for a potential pullback. If the Golden Cross is confirmed, ensure volume picks up to sustain the move; otherwise, the breakout may be short-lived. A pullback or reversal is likely, especially near resistance, with the price target for a correction at 2656. key levels: Ultimate Resistance: 2734.375 Major Support, Pivot Point: 2656.250 Ultimate Support: 2578.125 Reminder: Always follow your risk management strategies and trade responsibly. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any trading decisions. Happy trading!
OANDA:XAUUSDShort
by SpicyPips
4
Here's Exactly Why Bitcoin Is Having A Hard Time With 90kTraders, from a technical perspective, I really don't expect Bitcoin to beat 90k immediately. Eventually, yes. But right now there are two big technical reasons why Bitcoin is having a hard time managing to beat 90k. They are the same technical reason for why I called the year end price target of 88k-92k. First, see that horizontal ascending pink trendline? I took the top of our high on 12 April 2021. I then drew it to the top on 08 Nov. 2021. This is on our weekly chart. I then extended that trendline to the right. Boom 90k. Second, see that inverse h&s pattern I have been discussing for the last year and a half? I measure from the top of the head to the neckline. Now, I move that measurement to our break of the neckline. Boom 90k. Now, I am not saying that we won't break 90k. This post is simply to make you aware of how I was able to call our target of 90k and why Bitcoin will have difficulty breaking through that price level. ✌️Stew
INDEX:BTCUSDShort
by stewdamus
PFE chart update, Medicine is expensive So essentially, I tried to follow the trends. When doing so, it does form an interesting pattern. It almost looks like a long position chance. It depends on where support lands with price action, and where the trend breakout occurs, as there is a nice gap setup on the charts that puts PFE on a climb and allows it to form a bullish long term trend. Should trend break down past last support and confirm that underside exit, it would probably signal a bearish move is more likely. However, It's a neat setup to watch. good luck Link to other PFE chart will be attached.
NYSE:PFELong
by nicktussing77
1
Will Gold Hit New Heights?Current Price: 2653.84 Multi-Timeframe Analysis: • 4H Chart: Symmetrical Triangle (Bullish Continuation) • 1D Chart: Pennant (Bullish Continuation) • 1D Chart: Long-Legged Doji (Indecision) Given the bullish signals from both the symmetrical triangle and the pennant patterns, along with the long-legged doji indicating indecision, the market is likely to be bullish. Watch for a breakout above the upper trendlines in both patterns, confirmed by strong volume, to capitalize on potential upward momentum. Price Target Break Out: 2685 | 2728 | 2750 Price Target Break Down: 2627 | 2575 Happy Trading!
OANDA:XAUUSDLong
by SpicyPips
Gold Price Analysis: Symmetrical Triangle Formation Signals $$##📈 Gold Price Analysis: Symmetrical Triangle Formation Signals Potential Breakout Gold trades within a symmetrical triangle formation on the H1 timeframe, and traders are closely monitoring for a potential breakout. This technical pattern, known for its converging trendlines, often signals an impending price breakout, either upward or downward. Here's what to watch for: 🔺 What is a Symmetrical Triangle? A symmetrical triangle is a continuation pattern in which the price forms lower highs and higher lows , creating two converging trendlines 📊. The market's indecision builds tension, often leading to a significant breakout in either direction as the price consolidates. 🚀 Key Breakout Levels for Gold As gold continues to move within this symmetrical triangle, there are two potential breakout scenarios: 📈 Upside Breakout Target – $2,693: If gold breaks out above the upper trendline of the symmetrical triangle, we can expect bullish momentum to push the price toward the $2,693 level. This would indicate a continuation of the upward trend, attracting buyers and potentially setting the stage for further gains. 📉 Downside Breakout Target – $2,614: On the other hand, a break below the lower trendline would signal a bearish move, with the next potential target around $2,614 . This downside breakout would indicate a reversal or pause in the recent bullish trend, likely driving selling pressure. 🔍 Factors to Watch Several factors may influence gold’s price action and the potential breakout direction: 🌍 Geopolitical tensions and market uncertainty drive safe-haven gold demand, potentially pushing prices higher. 💵 US Dollar strength: A stronger dollar could weigh on gold, increasing the likelihood of a downside breakout. 📉 Interest rates and inflation expectations also play a role, as rising rates could limit gold’s appeal as a non-yielding asset. 🛠 Trading Strategy Traders should consider waiting for a clear breakout above or below the symmetrical triangle before entering a position. A decisive move beyond these key levels— $2,693 for an upside breakout or $2,614 for a downside breakout—could offer strong trading opportunities with defined risk levels. 💡 Conclusion The symmetrical triangle formation on the H1 timeframe indicates that gold is on the verge of a significant move. Monitoring key breakout levels, market sentiment, and external factors like the dollar and interest rates will be crucial in navigating this potential opportunity. Whether gold breaks out to the upside or downside, traders should be prepared for a substantial price move towards $2,693 or $2,614. 🔔 Stay updated with the latest prices and market developments to capitalize on this technical pattern.
OANDA:XAUUSD
by amzadlak
Bitcoin Showing Strength, Daily Volumetric bull candlesticks !Bitcoin is following the path according to the pullbacks we have been predicting since it fell to the demand zone. Please check each bullish candle that Bitcoin forms after each pullback, it shows strength every time Following the smart money concepts and with the movement it is making based on the structure, I am expecting Bitcoin to reach my point of interest very soon. However, before reaching my point of interest, I believe we have to consider that we will see 1 to 2 small pullbacks. Thank you for following my analysis.
COINBASE:BTCUSDLong
by RocketMike111
Trading Game. How they manipulate with priceImagine You buy a stock or business, that You think was undervalued based on the "circumstances" and that you think has great value. You bought this at 1$, during 2020 November alongside with the oil rally. Nobody knows the price. Everyone has a price target... Imagine my price target was 7$ - based on the previous highs. Chances are everyone will look at it the same way and adjust the price based on some context. Under price momentum, there was buyers and sellers and stock rise to 3$..4$..5$ etc... If everyone use 7$ for guidance - most likely everyone be selling their shares at 5$. If I wanted you to sell higher I would shout 10$. If I wanted you to sell lower I would shout 0.50$. People would adjust their targets and nobody knows exactly how much something is worth. That's what the institutions do with their public price targets. It works like a poker game. The closer price got to 5$ -> more risk you took by buying or holding it. If I had a ton of bitcoins, I would shout $200k price. and sell it when it's strong. etc. Then cause panic - to get cheaper prices. #101
NYSE:RIGLong
by citsvar
13
ETHUSDT: Head and Shoulders Breakdown Targets for Short and LongAfter a thorough analysis of the BINANCE:ETHUSDT chart on a 6-hour timeframe, I've observed a complete Head and Shoulders pattern, with the neckline breached near point B. The pattern indicates a potential SHORT trade, with a target of point C at approximately the 0.618 Fibonacci retracement level of the prior uptrend, corresponding to a price of 2083.91 USDT . Upon reaching point C , if the price action suggests a reversal with strong bullish signals, such as a Double Bottom formation, there could be an opportunity for a LONG position. The LONG trade could target point D , which is near the 1.861 Fibonacci extension level of the downtrend, projecting a target around 5104.17 USDT. Please keep in mind this analysis is based on current technical patterns and Fibonacci retracement and extension levels, which are subject to change with market dynamics. This is not financial advice but rather a sharing of my strategy based on my interpretation of the data. Ensure to conduct your own research and apply proper risk management. Trade safe and best wishes to all!
Short
by laoowai
1
Bitcoin - Target 1.1 Million DollarsHello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: After the simple break and retest of Bitcoin in January of 2023 we saw a beautiful reversal and already a pump of more than +250% towards the upside. Bitcoin has also been creating a massive ascending triangle formation and if we measure the potential price target of the triangle, also mentioned in the analysis, Bitcoin can reach 1.1 Million Dollars. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:BTCUSD
by basictradingtv
9