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Wave Analysis

Gold is about to enter the 4,400 era!Yesterday, gold saw dramatic fluctuations of 200 pips in the US market, a rare occurrence in gold's history. It even formed a V-shaped pattern in the Asian market. I've been buying long positions recently. The current bullish trend in gold is undeniable, but you need to be patient when entering long positions. Gold fluctuates wildly, with even a small pullback typically moving 50-80 pips, which used to be a weekly fluctuation. Today, I still recommend buying on pullbacks. Don't blindly chase long positions, nor go short against the trend. The daily chart remains strong, and all pullbacks are traps set by bulls. Patiently wait for a pullback before continuing to buy. If your current trading isn't ideal, I hope I can help you avoid investment pitfalls. Feel free to discuss your options! Looking at the 4-hour market trend, the short-term support level of 4290-4300 is currently under consideration, with particular focus on 4270. The bullish trend is robust and there's no end in sight. Trading strategies should prioritize buying on pullbacks. In the intermediate range, be cautious and follow orders carefully, patiently waiting for key entry points. I'll provide detailed trading strategies during the trading session, so stay tuned. Go long on gold with a light position at 4290-4300, and add to your long position on pullbacks to 4280-4286. The target is 4375-4380. Continue holding if prices break below this level, with the ultimate target at 4400!
OANDA:XAUUSDLong
by PalmerRobert6064
$BNB (daily): GOLDEN POCKET bounce, SPOT POSITION opened.Bought some CRYPTOCAP:BNB exactly in the GOLDEN POCKET as per my post published last nite. Also, my Elliot's Wave count is getting a confirmation of a WAVE A, and if it's complete, we will have to see today. If complete, then a DEAD CAT BOUNCE is next, targetting $1156, $1198 or even $1240. And these are my 3 profit targets for this SPOT trade. All the recent liquidity below has been swept nicely, always a bonus in terms of probabilities. Any profit in these conditions is an achievement and takes skills while protecting your capital remains a priority over profits, just my 2c. Stop loss is obvious to me, 50% of the trade below the GOLDEN POCKET, and another 50% below the 50 SMA (yellow upcurved line, at $1018 right now). Candle closes, unless a bloodshed starts happening today in the US markets, if so, I will close manually. 👽💙
by ColdBloodedCharter
EURUSD Is Very Bearish! Sell! Please, check our technical outlook for EURUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.169. The above observations make me that the market will inevitably achieve 1.146 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPUSD Is Going Up! Long! Here is our detailed technical review for GBPUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.343. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.365 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPCAD Will Fall! Short! Take a look at our analysis for GBPCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.885. Considering the today's price action, probabilities will be high to see a movement to 1.870. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
BTC BITCOIN🟠 Bitcoin Bearish Outlook – Key Level Broken BTC has confirmed a bearish structure after breaking the 107,000 support level — this area is now acting as a key breaker block / resistance zone. ✅ Bearish Confirmation: ✅ Break of structure below 107K ✅ Uptrend line violated ✅ Strong support turned resistance ✅ Momentum shifting to the downside 🎯 Game Plan: We wait for a retest of the broken level (around 107K–108K) to confirm rejection… Then we follow the move to the downside. 🔻 Bearish Targets: First major liquidity zone: 92K – 90K Main target: 90,000 (discount zone + trendline confluence + liquidity pool) “Breaking 107K is the key for bearish continuation. We wait for the retest, then sell into 83K.”
CAPITALCOM:BTCUSDShort
by marketmanager_AE
Relentless Rally:Gold Won’t Rest Until 4500!?The 4300 series chapter has begun as expected, with gold continuing its strong upward trend, currently reaching a high near 4381. However, it is clear that after encountering resistance in the 4370-4380 area three times, gold has shown clear signs of a pullback. This could lead to the formation of a triple top structure in the short term, suppressing gold prices in the short term. However, relatively speaking, as gold continues to rise, testing the 4280 area during the pullback before rebounding again, technical support has shifted to the 4320-4310 area. Furthermore, the validation of the pullback and the current strong upward trend will strengthen the support in this area to a certain extent, thus supporting gold's rebound. Therefore, for the current short-term trade: 1. First, try to continue shorting gold with resistance at 4370-4380, targeting a pullback to the 4350-4340 area. 2. Once gold retraces to the 4320-4310 area, consider going long on gold, targeting the 4340-4350 area.
OANDA:XAUUSDLong
by WaveRider_Steffen
BTC SHORT🚨 Bitcoin Top Might Be In — Expecting Selling Pressure Ahead We could be looking at a potential top forming on Bitcoin. Price action is showing signs of exhaustion after the recent push higher — momentum is fading, and buyers are starting to look hesitant at these levels. If we can’t sustain above the recent highs, I’m expecting a corrective phase or at least some meaningful selling pressure in the short term. Key things I’m watching: Weakening RSI / momentum divergence Volume tapering off on each push Sellers stepping in around resistance zones Not calling for a full reversal yet, but risk/reward looks skewed to the downside here. Manage your positions and stay sharp — things can shift fast. 🟠 Possible top in — watching for confirmation of a trend shift
BITSTAMP:BTCUSDShort
by endrithysa
USDJPY – Cup and Handle Formation Signals Potential Bullish BreaUSDJPY – Cup and Handle Formation Signals Potential Bullish Breakout The pair has been forming a classic Cup and Handle pattern on the 1-hour chart — a structure that often precedes continuation to the upside. After an extended rounding bottom from October 4–15, buyers have gradually regained control, pushing price back toward the neckline around 0.006690. - Technical Outlook Pattern: Cup and Handle Current price: 0.006679 Neckline resistance: 0.006690 Key support: 0.006620 – 0.006640 Target zone after breakout: 0.006750 – 0.006780 If price breaks and holds above 0.006690, it could confirm bullish continuation, aligning with the measured target from the cup’s depth. However, a temporary pullback toward the handle region (0.006640) would be healthy before a potential breakout. - Trading Strategy Aggressive entry: Buy on breakout and retest of 0.006690 → TP 0.006750 / 0.006780 Conservative entry: Wait for pullback to 0.006640 – 0.006650 and bullish rejection candle → same TP levels Stop-loss: Below 0.006610 Momentum indicators (EMA alignment and short-term RSI recovery) continue to support the bullish bias, though intraday volatility may trigger false breakouts. Stay patient and disciplined — confirmation above the neckline is the key to validating this pattern. Follow for more precise intraday trading structures and daily strategy updates.
by Henrybillion
WTI PLAN TODAY | BEARISH TREND | WTI OCT.17 USOIL Analysis (30M) – “Bears Still in Control, But Watch for a Short-Term Reversal” At the moment, Crude Oil (WTI) continues to trade within a clear bearish structure, confirmed by consecutive Break of Structure (BOS) points and a strong downtrend line holding as dynamic resistance. After the recent BOS, price has created a new Fair Value Gap (FVG) around 57.10–57.45, aligning closely with the 0.618–0.786 Fibonacci retracement zone. This confluence area may serve as a potential short-term pullback zone where sellers could re-enter the market. If the price retests this FVG and fails to break above the trendline, the next move is likely to be a continuation to the downside, possibly targeting the 56.00 – 55.50 zone. However, if we see a clean break and close above 57.45 (the 0.786 level), it would signal a temporary shift in structure, suggesting a short-term bullish correction toward the next supply zone near 58.80–59.20. Trading Outlook Primary bias: Bearish Short-term scenario: Expect a pullback to 57.10–57.45 before resuming the drop. Bearish continuation target: 56.00 – 55.50 Invalidation level: Break and close above 57.45
TVC:USOIL
by Michael_Gold_Insider
Gold sweeps SL, wait for BUY LIMIT at Demand Zone 4,223-4,225Timeframe analysis: H4/30M Logic: Trend Continuation after liquidity sweep. MARKET STRUCTURE ANALYSIS (SMC Analysis) Main Trend: Bullish (Price is moving within a parallel channel). Structure Confirmation (BOS): The chart has confirmed an upward Break of Structure (BOS), indicating that buyers are controlling the market. Liquidity Sweep/Fake: The strong bearish candle (marked as "Fake") is a move to sweep Stop Losses of early buyers and gather liquidity before Smart Money pushes the price in the main direction. This is an Inducement action. Key Demand Zone (POI/Demand Zone/Order Block): The TIMING BUY area (4,223.154 - 4,225.000) is a potential Demand Zone/Order Block identified by Smart Money. The price is expected to retest this area before continuing to rise. MAIN TRADING SCENARIO (LONG SETUP) SCENARIO: Wait for the price to Pullback to the POI area to enter a buy order, continuing the main bullish trend. Parameter Value SMC Description Action BUY LIMIT Place a pending buy order Entry Zone (POI) 4,225.000 - 4,223.150 Demand Zone/Order Block after liquidity sweep. Stop Loss (SL) 4,214.390 Place below the low of the liquidity sweep candle ("Fake Low"), ensuring safety. Take Profit 1 (TP1) 4,240.000 Target the nearest Swing High. Take Profit 2 (TP2) 4,250.000 Target psychological resistance and mid-channel. Take Profit 3 (TP3) 4,260.000+ Target the upper boundary of the parallel channel. R:R Ratio Approximately 1:2.5 to 1:3.5 (Depending on TP) Good R:R ratio for a trend-following trade. RISK MANAGEMENT Risk: Only risk a maximum of 1-2% of the account for this trade. Breakeven: When the price hits TP1, move SL to the Entry point (Breakeven) to protect capital. Invalidation: If the price closes the D1/H4 candle below the SL level (4,214.390), the buy plan will be invalidated.
OANDA:XAUUSDLong
by Linda_OneShotTrader
BIG PICTURE: GOLD (XAUUSD) H1 – Targeting $4,300 and Beyond🎯 Macro Summary & Bias: The Bulls Are Unstoppable! Gold is the most sought-after asset as XAU/USD aims directly for the $4,300 mark and further. Primary Catalyst: Financial markets remain cautious amidst the ongoing US government shutdown. The widespread weakness of the US Dollar (USD)—fueled by the funding battle between Democrats and Republicans—further strengthens the bullish case for Gold. Record Strength: XAU/USD is maintaining a positive upward momentum despite extreme overbought conditions. Technical Focus: In the current continuously rising Bull market, FIBO is the paramount tool for projecting the next reaction zones and identifying the critical pullback points to initiate BUY entries. It is nearly impossible to predict the top, so we must focus solely on optimal entry points! 📊 In-Depth Technical Analysis (H1): Pinpointing the FIBO Reaction Levels Based on the current strong Parabolic market structure (Referencing image_3f447f.png), our core strategy is BUY ON DIPS at precise Fibo levels. 1. Strategic BUY Zone (FIBO BUY REACT ZONE): This is the most crucial Fibo support zone where we anticipate a pullback to trigger a Long entry in line with the major trend: 4,321.332 The REACTION FIBO BUY ZONE 0.5. This is the most vital retracement point to catch the next growth wave. 2. Sell/Take-Profit Targets (FIBO SELL TARGETS): These are the Fibo extension targets where the Buyers are aiming, and where we can consider taking profit or looking for a quick scalp SELL if a reaction occurs: TP Target 1 (Extension) 4,436.179 The REACTION FIBO SELL ZONE 1.5 - 1.618. The next immediate target for the rally. TP Target 2 (Deep Extension) 4,538.394 The REACTION FIBO SELL ZONE 2.5 - 2.618. The long-term target if the momentum remains unchecked. 📈 TODAY'S ACTION PLAN Primary Action (Prioritize BUY): Patiently wait for the price to correct to the REACTION FIBO BUY ZONE 0.5 at 4,321.332. Upon confirmation with H1/M30/M15 reversal candles in this zone, confidently activate the Long (BUY) entry. Targets (TP): Aim for TP Target 1 (4,436.179) and further to TP Target 2 (4,538.394). ⚠️ Risk Warning Risk Warning: Given the extreme overbought conditions, always place a safe Stop Loss (SL) below the Fibo BUY ZONE and maintain stringent risk management! Wishing all FranCi$$_FiboMatrix traders a disciplined and victorious day!
OANDA:XAUUSDLong
by FranCis-MatrixFibo