🏃♂️ Gold is moving in the 🟢 Support zone($2,327-$2,302) 🟢 and managed to break the Uptrend line and the Support line yesterday. 🌊According to Elliott's wave theory , Gold seems to be completing wave 4. 🔔I expect wave 4 to finish near the Resistance lines and 🟡 Price Reversal Zone(PRZ) 🟡, and Gold will start to decline again and break the 🟢...
I drew my points on the chart. The ascending trend line is broken and we have 600$ support. If 600 breaks downward we're going down to 570 then 550 and eventually 500 is the next stop
Gold US market welcomes PCE data. Will gold continue to hit new highs or will it rise and fall as before? How should it be laid out? If the U.S. market data for gold is bullish and it rises directly to a new high, then gold will fall back and go long and adjust its thinking. However, before reaching new highs, we can still watch gold rise and fall first....
Gold establishes bottom after breaking through 2330! It’s about to rise sharply after leaving the shock zone! During the day, the price fluctuated weakly below 2330. After a tug of war between long and short, the price finally broke through 2330. The one-hour bottom pattern was established, and long orders entered the market! The target above refers to...
On Friday (April 26), spot gold fluctuated within a narrow range near the 2330 key. The U.S. first-quarter GDP growth released on Thursday fell short of market expectations, dragging the U.S. dollar index to a nearly two-week low, helping gold prices stay above key support at the middle track of the Bollinger Band. That's despite U.S. Treasury yields rising...
Looking for the 8H H&S to complete with price dropping at least to the daily 50% FIB level. This is also the 8H high from 4/5/24. This area is: -the Monthly bullish .382 FIB level -the Previous month high -the Weekly level of 4/7/24 -the 8H 4/5/24 High Price will either: -break and retest at this area to continue bearish -price can reverse in this area to...
Traders, We foresee a bearish trajectory for EUR/USD, based on the following observations: Bearish LR Channel: The top of a bearish LR channel, coupled with a STDEV of 2, aligns closely with the current price level. Cluster of Weekly Pivots: Notable cluster of weekly pivots is evident on the 4-hour chart, indicating significant levels to watch. Daily Chart...
For starters my overall sentiment is bullish. I am a holder, but I'm not biased. If it never rises, I will be fine. Now to my analysis... This is a fairly new project that launched in March. It's currently consolidating but it had a strong bullish uprise then found its first all time low. Its currently in a downtrend and has found a solid area of support as...
Gold rebounded to above 2340 in the short term, which looks very strong. However, from the perspective of the entire rebound process, although gold has continued to consolidate the bottom during the rising shock, it has provided solid support for gold's rise. However, judging from the overall rebound strength, gold is currently not enough to form a reversal trend....
CARVANA NYSE:CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd, 2024 BUY/LONG ZONE (GREEN): $72.50 - $81.25 DO NOT TRADE/DNT ZONE (WHITE): $68.50 - $72.50 SELL/SHORT ZONE (RED): $60.00 - $68.50 Weekly: DNT Daily: DNT 4H: DNT, lean bullish This was requested at the end of last week but I didn't get around to it. I drew up this NYSE:CVNA chart analysis...
Hello, guys. This is DOGEUSDT 5D chart. If it supports from the GREEN line below and breaks through the upper red long-term downtrend line, It is expected to challenge the upper GREEN line in 2021. If the lower green line is not supported, One last rebound is expected from the RED line uptrend line.
Daily/4h time frames analysis for Silver. Price action & key levels. Directional bias & thoughts. ❤️Please, support my work with like, thank you!❤️
I mention the Take Profit and Stop Loss. While taking any trade please manage your risk according to your portfolio and also do your own research. Thank you
Trading Plan for Friday, April 26th, 2024 Market Sentiment: Uncertain, with bulls maintaining short-term control but facing the after-hours earnings event, which could bring sudden volatility. Key Supports Immediate Supports: 5067, 5058 (major), 5048 Major Supports: 5036-33 (major), 5010 (major), 4996-5000 (major), 4935-40 (major), 4904-08 (major) Key...
Walmart broke out to record highs in February. Now, after a pullback, some traders may expect further upside. The first pattern on today’s chart is the falling trendline that began in late March. WMT pushed against it this week and closed above it yesterday. Some traders may consider that evidence of a breakout. Second is the April 2 low of $58.88. The retail...
USDCAD leaves multiple bullish clues after a test of a key daily support. One of those is a bullish breakout of a resistance line of a falling parallel channel on an hourly time frame. The pair may bounce today. Goal - 1.3685 ❤️Please, support my work with like, thank you!❤️
Price is taking the trend line support and moving up. Where we can expect next resistance? 179 - 181 zone will be the next resistance if price gains strength to move above 172. Buy above 172 with the stop loss of 170 for the targets 174, 177, 179 and 181. Sell below 166 with the stop loss of 168 for the targets 164, 161 and 159. Hit the like button to Rock !!...