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Wave Analysis

GBP/USD Analysis – Waiting for a Rejection at Key Supply ZoneAfter multiple rejections from the 1.3450–1.3470 area, GBP/USD continues to trade inside a wide consolidation range, showing signs of exhaustion from buyers. Price is currently hovering near the 1.3400 EMA cluster (20/50/100/200), which acts as short-term dynamic resistance. Technical Outlook Resistance zone: 1.3450 – 1.3470 Immediate resistance: 1.3410 – 1.3420 (EMA confluence) Support: 1.3370 – 1.3380 Major support: 1.3320 Fibonacci retracement from the previous swing high indicates that 1.3450 aligns with the 61.8 % zone — a classic level where sellers often return. As long as price remains below this region, the broader structure favors a potential bearish continuation. Trading Strategy Traders may look for a short-term pullback toward 1.3440–1.3460 to confirm a bearish rejection pattern (such as a bearish engulfing or BOS break). If confirmed, a sell setup could target the 1.3380 – 1.3350 region. A break below 1.3380 would likely trigger a continuation toward 1.3320 support, completing the projected leg of the descending structure. Summary Trend bias: Bearish below 1.3460 Possible short opportunity: 1.3440–1.3460 zone Targets: 1.3380 → 1.3320 Invalidated if price closes firmly above 1.3470 Price action remains range-bound, but momentum indicators (EMA alignment and RSI divergence) suggest that sellers may soon regain control. Stay patient — wait for a clear rejection signal at the supply zone before entering. Follow for more daily strategies and smart trading insights.
by Henrybillion
4
EUR/USD | SMC Breakdown — CHoCH Confirmed, OB in Play.After sweeping Equal Highs (EQH) and building liquidity, price delivered a clean Break of Structure (BoS) followed by a Change of Character (CHoCH) — signaling a potential shift in market sentiment. Now price is reacting to a recent Bearish Order Block (OB), which could serve as a supply zone for continuation moves toward the Sell-side Liquidity (SSL / $$$) resting below the Equal Lows (EQL). Traders are watching for confirmation entries inside the OB — a rejection here could unlock another strong leg to the downside. 📊 Concepts Used: Smart Money Concept (SMC) | Liquidity | BOS | CHoCH | Order Block 🕐 Timeframe: 1H 💭 Bias: Bearish — waiting for confirmation inside OB #SMC #EURUSD #SmartMoneyConcept #OrderBlock #Liquidity #ForexAnalysis #CHoCH #TechnicalAnalysis #InsideTradeVision
Short
by InsideTradeVision
ETHUSDT – Bullish Breakout Ahead?👋Hello everyone, do you think BINANCE:ETHUSDT will go up or down? From a technical perspective, the pair has successfully broken above the descending trendline. This breakout opens up a potential opportunity for a new short-term uptrend. In addition, ETHUSDT is currently reacting to a clearly defined support zone. If Ethereum continues to hold above this support area, I expect the price could rise toward the next resistance level near $4,300. From a broader viewpoint, market sentiment is gradually improving as investors regain confidence in risk assets, amid expectations of a softer Fed policy and growing interest in Ethereum’s upcoming network upgrades. As long as ETH stays above $3,750, the bullish outlook remains valid, and buyers may soon regain control of the market. What about you — do you agree with this view? 💬Share your thoughts in the comments below. I’d love to hear your opinion!
Long
by Kevinn_Nguyen
17
GBPUSD – Wedge Pattern in FocusHello everyone, what are your thoughts on FX:GBPUSD ? Currently, GBPUSD is moving within a clear wedge pattern, with the upper limit acting as dynamic resistance and the lower limit forming strong support. From a technical perspective, the price is now testing the lower boundary of the wedge. If the pair manages to stay above this area, I expect a possible rebound toward the 1.3550–1.3600 zone, where the upper trendline lies. From a fundamental standpoint, the US dollar is recovering while the British pound faces pressure from weak UK economic data and growing fiscal concerns. This macro backdrop generally keeps the GBPUSD outlook neutral to slightly bullish in the medium term. What about you — how do you see this pair moving next? Share your thoughts in the comments below. Good luck!
by Kevinn_Nguyen
1
Elliott Wave Analysis – XAUUSD (October 21, 2025) 🔹 1. Momentum H4: H4 momentum is currently turning bearish, indicating that the main trend for today is downward. H1: H1 momentum is stuck in the oversold zone, suggesting that price could continue to fall, but at the same time, there’s a risk of a short-term bullish reversal — this should be monitored carefully. M15: M15 momentum is also turning bearish, confirming the potential for short-term downside continuation. 🔹 2. Wave Structure H4 timeframe: The current price structure likely forms a Flat correction (W–X–Y in blue) as part of wave 4 (in purple). The X wave appears completed, and price is now in the declining phase of wave Y. Wave Y may develop in three possible forms: Zigzag 5-wave impulsive Triangle 👉 In Zigzag or 5-wave formations, the target is usually equal to wave A. 👉 In a triangle, price may build higher lows, respecting the upper boundary connecting wave 3 and wave X. H1 timeframe: The H1 structure mirrors H4, but note that H1 momentum remains in the oversold zone, meaning an upward reversal could occur anytime. M15 timeframe: Used mainly for entry timing. Since H4 momentum trend is bearish, we will prioritize Sell setups, especially after liquidity retests or breakdowns on the M15 chart. 🔹 3. Trading Plan Main bias: Bearish (following H4 momentum) Strategy: Focus on Sell setups when price retests or breaks below liquidity zones. Consider Buy setups only if price reaches the 4190 support area, signaling a potential end of wave 4 (purple) and the start of wave 5 (bullish). Buy setup (if wave 4 completes): Buy zone: 4193 – 4190 Stop loss: 4180 Take Profit: 4236 🔹 4. Alternative Scenarios If price breaks sharply above 4381, the current wave count will be invalidated, and price could head toward 4451. If price forms a triangle, with 4381 as the upper boundary and higher-low supports forming the lower edge, a breakout above 4381 would signal a Buy opportunity.
OANDA:XAUUSD
by WavePoint_FX
BTBT / DailyNASDAQ:BTBT — 📊 Technical Update (Daily) As highlighted in prior analyses, $BitDigitalInc. surged 24.66% intraday — Rally of the Day 💫 — reinforcing the outlook for a potential extension in Wave ⓥ of Minor Wave 5 within the broader bullish Elliott Wave structure. Minute 4th wave of Minor 5 retraced precisely to the 0.5 Fibonacci level, as anticipated — a typical depth for a fourth wave, further supporting the case for an imminent Wave ⓥ continuation. A confirmed breakout above near-term resistance would validate this bullish count, keeping the $9.00🎯 Fibonacci extension target in focus, with a potential +147%📈 upside into mid-November. Wave Analysis: Based on the Bullish Alt. Scenario (Weekly Frame) The entire advance since mid-April appears to be unfolding as Intermediate Wave (1) — potentially forming a Leading Expanding Diagonal, shaped like a happy shark!! 🌊🦈🌊🌊 This early structure may be laying the groundwork for much larger impulsive Int. advance within Primary Wave ⓷ (not visible on the daily timeframe). The expanding diagonal signals a broader bullish shift, potentially anchoring a sustained long-term uptrend. Long-term structure continues to build — monitor closely for breakout confirmation and volume support. 🔖 For context, refer to the Weekly Bullish Alt. Scenario published on Oct. 1st. #TradingView #StocksToWatch #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #FibLevels #FinTwit #Investing #BTBT #DataCenters #CryptoMining #AIStocks #HPC #ETH #Ethereum NASDAQ:BTBT CRYPTOCAP:ETH BITSTAMP:ETHUSD
NASDAQ:BTBTLong
by ElliottChart
2
USDJPY Bearish Reversal Setup: Trendline & Supply Zone TargetingThis chart represents a bearish setup for USDJPY, expecting the price to move down from the current level toward the 149.373 area. The entry is near 150.579, with a stop loss above 151.023 and a take profit at 149.373. The setup is based on a rejection of a trendline and a supply zone, with the price likely targeting lower liquidity (LQ) below. Key Points Entry Zone: Around 150.579, after price rejects the trendline and supply. Stop Loss: Above 151.023 (marked in the orange/red zone), gives a buffer above recent highs. Take Profit: At 149.373 (blue/green zone), where lower liquidity is expected. Trade Direction: Sell/Short, aiming for lower lows based on trendline resistance and liquidity sweep ideas. Reasoning Trendline resistance and supply zone suggest a bearish reversal. Targeting the lower liquidity (LQ), a common Smart Money Concept (SMC) approach. Risk management defined by the clear stop loss and target zones. This is a simple structure: sell from the supply/zone (after rejection), stop out above recent highs, aim for the next major liquidity target below. This analysis is for educational purposes only and does not constitute financial advice. Trading forex and financial instruments involves significant risk; past performance does not guarantee future results. Please trade responsibly and consult a qualified financial advisor before making investment decisions. The information provided should not be interpreted as instructions to buy or sell any particular instrument, but only as a personal market observation.
Short
by HFXAcademy
USDCAD – Short-Term Bullish Bias👋Hello everyone, what are your thoughts on OANDA:USDCAD ? I believe USD/CAD currently shows a slight bullish tendency in the short term, as the Canadian dollar (CAD) remains under pressure from declining oil prices and expectations of a rate cut by the Bank of Canada (BoC). If USD/CAD holds above the 1.3930 support zone, the pair could potentially rise toward the 1.41 area. However, I would also note that if the price breaks below 1.3930, the market may enter a deeper correction phase. What about you — how do you see USDCAD moving next? 💬Share your thoughts in the comments below!
Long
by Kevinn_Nguyen
4
Gold Price Analysis (XAUUSD) – October 21, 2025Gold continues to trade inside a well-defined upward channel, maintaining strong bullish momentum after bouncing sharply from the 4,160 support area. The recent corrective leg formed a clean “V-reversal” structure, suggesting renewed buyer interest as price approaches the mid-channel resistance zone around 4,340–4,360 USD. On the 1-hour chart, the structure shows a sequence of higher highs and higher lows, confirming ongoing trend strength. The short-term pullback was absorbed quickly, and current price action indicates a potential breakout retest setup. Key Technical Levels Support 1: 4,290 – 4,300 (Fib 0.382 retracement & short-term EMA support) Support 2: 4,160 – 4,180 (previous demand & trendline confluence) Resistance 1: 4,360 – 4,380 (local swing high, short-term target) Resistance 2: 4,440 – 4,470 (upper channel boundary / potential take-profit zone) Trading Strategy Primary bias: Buy on dips within the ascending channel - Look for bullish confirmation around 4,300–4,310 to join the prevailing trend. - Target short-term 4,380, extend to 4,450+ if momentum persists. - Stop loss below 4,270 to maintain favorable risk-reward. Alternative scenario: If gold breaks below 4,270, expect deeper retracement toward 4,180 where strong buyers may re-enter. Technical Outlook EMA trend: Price remains above the 50-EMA on H1, confirming bullish control. RSI: Currently near 60, leaving room for further upside before overbought levels. Fibonacci structure: The 0.618 retracement aligns with the 4,300 zone — a key decision point for intraday traders. Conclusion Gold maintains a strong bullish structure supported by trendline and Fibonacci confluence. Short-term corrections are seen as opportunities to buy dips toward 4,300 with targets near 4,440–4,470. Traders should watch the 4,270 level as the key invalidation zone for the bullish setup. Stay disciplined, and follow to receive more intraday trading strategies and market insights.
OANDA:XAUUSD
by Henrybillion
Nikkei Futures Reach Historic Highs, Extending Bullish RallyThe short-term Elliott Wave analysis for Nikkei Futures (NKD) indicates a robust bullish trend, with the Index recently achieving a new all-time high. The rally to 49,030 marked the completion of wave ((3)), followed by a pullback to 45,344, which concluded wave ((4)). The internal structure of wave ((4)) developed as a zigzag Elliott Wave pattern. From the peak of wave ((3)), wave (A) declined to 47,410, followed by a wave (B) rally to 47,985. The Index then extended lower in wave (C), reaching 45,344, finalizing wave ((4)) in the larger degree. The Index has since resumed its upward trajectory in wave ((5)). From the wave ((4)) low, wave 1 advanced to 48,030, with a subsequent wave 2 pullback concluding at 46,600. The Index then surged in wave 3 to 48,390, followed by a wave 4 dip to 47,720. The final leg, wave 5, reached 48,650, completing wave (1). A corrective wave (2) followed, ending at 47,145 in a zigzag structure. The Index has now resumed its ascent within wave (3). In the near term, as long as the pivot low at 45,344 holds, expect pullbacks to attract buyers in 3, 7, or 11 swings, supporting further upside in the Nikkei Futures.
CME:NKD1!
by Elliottwave-Forecast
Suggesting a focus on medium to long term trends.The chart shows a daily (1D) timeframe, suggesting a focus on medium-to-long-term trends. The current price is around $4,350.855. Resistance and Support The immediate and significant resistance is identified at the $4,451.10 level, corresponding to a labeled point 1.618 (likely a Fibonacci extension level). Other labeled resistance levels above the current price include: 4,582.817 (labeled 2.414) 4,667.265 (labeled 3) 4,720.242 (labeled 3.414) The highest labeled resistance is 4,850.570 (labeled 4.272). Support levels from the Fibonacci tool are near the current price: 4,343.435 (labeled 0.786) 4,328.885 (labeled 0.618) 4,285.885 (labeled 0.382) The price is currently well above the Ichimoku Cloud (Kumo), which is green and trending upward, indicating a strong bullish trend. Tenkan-Sen (Conversion Line): 3,998.015 (Blue line) Kijun-Sen (Base Line): 3,824.884 (Red line) The price is significantly above both the Tenkan-Sen and Kijun-Sen, reinforcing the strong momentum and bullish signal. A Tenkan-Sen/Kijun-Sen Price Cross is flagged as 'Strong' in the status table, confirming this. The price is trading near the upper band of the Bollinger Bands (BB (20, SMA, close, 2)), which typically suggests the price is becoming overbought or is at the peak of a strong directional move. The 20-period Simple Moving Average (SMA) is currently at 4,013.739. Since the price is far above the SMA, it further supports the strong upward trend.
PYTH:XAUUSD
by hilmiyus
XAUUSD: Strong recovery, will gold continue to make new highs?OANDA:XAUUSD had a significant correction in the trading session at the end of last week, for most of yesterday's trading session we have not seen too strong bullish momentum. However, during the New York Session, gold rose sharply under the push of large cash flows and with the emergence of some unsettling news, typically the fact that China could pay 155% tariffs if there is no agreement before November 1 (President Trump). Looking at the options market in today's trading session, most traders are still apprehensive as the price is trading above the peak of 4350 – 4370 (calculated through the price of CFDs). However, most of the market is involved by longcall contracts, so I assess that in today's trading session, the price will continue to above $4400/ounce. Some key levels that we need to pay attention to in today's trading session: Resistance: , Support: Support: Strong support: Margin Zone support: Fair value gap (FVG): Margin Zone + Strong suport + FVG => This will be a strong support zone in today's trading session Always be patient and wait for the price to reach the support and resistance zones above and get confirmation. Do not place limit orders or enter orders when the price is increasing or decreasing sharply. Take advantage of the above support and resistance zones and trade short-term when the price reacts at these support and resistance zones => Take profit when the price moves from 10 to 20 prices since entering the order at the support and resistance areas. Wait for reactions such as Engulfing candles, Doji,... at the support and resistance zones. Always set stop loss when trading and manage risks closely. Note: Price may spike through support or resistance levels and then reverse. Therefore, it is crucial to patiently wait for the candle to close before entering a trade. Victor Dan @ ZuperView
OANDA:XAUUSD
by ZuperView
GOING SHORT FOR RETRACEMENT IN GOLD Initiating a short position for a retracement in Gold (XAUUSD) based on recent price action visible on the 4-hour chart. Price reached a significant supply zone where a Fair Value Gap (FVG) is highlighted, with confirmation needed via an inversion or at least a break/close below the FVG center line for a stronger bearish signal. Key levels to watch: resistance around 4380-4378, FVG zone for confirmation near 4335, with daily fair value gap (D-FVG) zone and support near 4139. Price action suggests potential for a corrective move heading into the weekly close, as buyers seem to exhaust below resistance. Plan is to target the green zone for profits, adhering to risk management until signs of bullish reversal or invalidation appear. here are the exact levels for the short setup: Entry: Around 4,343.62 (current price level at the FVG resistance overlap) �. Stop-Loss: 4,380.90 (just above the recent swing high and upper resistance) �. Take-Profit: 4,139.32 (at the marked D-FVG and support zone) �. These levels align with the structure and highlighted areas of supply, FVG confirmation, and major support, as indicated in your chart.
FX:XAUUSDShort
by virajvickey
BYND - Double Dip Deep Buy Having another enormous collapse - down 67% pre-market. The recent low is a 2.272 GW from the whipsawing peak and previous low. It may also be a bullish very wild Wyckoff double stab down SC > ST to sweep liquidity below the previous dump low. That makes this a more appetising buy. Its extremely dangerous of course and the company is in serious distress. But this is a cheeky chart and we might just get a big bounce - and who knows perhaps it might just be a major low 🧐. This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
NASDAQ:BYNDLong
by dRends35
10
Oct 21, 2025 - XAUUSD GOLD Analysis and Potential Opportunity📊 Analysis: Yesterday, gold pulled back sharply to around 4350 after approaching the all-time high, indicating that bullish momentum remains intact. For today’s Asian session, the plan is to buy pullbacks into support. Watch the 4356 support closely — if it breaks, a downside channel could open. 🔍 Key Levels to Watch: • 4390 – Bullish target • 4381 – All-time high resistance • 4372 – Resistance • 4356 – Key support • 4350 – Mid-level support • 4342 – Support • 4320 – Support • 4300 – Support 📈 Intraday Strategy: SELL: If price breaks below 4356 → target 4352, with further downside toward 4350, 4342, 4337 BUY: If price holds above 4372 → target 4376, with further upside toward 4381, 4385, 4390
OANDA:XAUUSD
by Ombabibi
BTC/USD — The Calm Before The Blow Off TopAfter a long corrective phase, Bitcoin has completed its macro Wave 4 and is now showing clear structural signs of strength. Here’s why I’m turning bullish and positioning for the next impulsive leg 👇 1. Elliott Wave Structure • The wick to ~102k marked the end of the Wave 4 correction a textbook liquidity sweep. • Since then, price created an impulsive 5-wave rally to ~116k, followed by a deep 0.886 retrace to ~103.5k, which fits a Wave 2 correction. • We are now building Wave 3 of the final Wave 5 on the higher timeframe. • Momentum is shifting upward on 4H and Daily, confirming the start of the acceleration phase. 2. Confluence Zones • The 0.886 retrace aligns with weekly demand and the bottom of the daily range strong institutional absorption. • Daily BOS (Break of Structure) confirmed above 110k showing trend reversal intent. • Fib extensions of Wave 1 project Wave 3 targets at 1.382–1.618 = 123k–126k short term, with extended targets at 135k–140k if momentum accelerates. 3. Market Psychology • Sentiment remains neutral or bearish exactly the disbelief phase that fuels Wave 3 runs. • Liquidity below 104k has been taken, leaving only upside imbalance. • Volume is low but steady typical of institutional accumulation before breakout. Outlook I expect short-term intraday pullbacks (LTF wave (iv)) but overall bullish continuation. The bigger picture suggests Bitcoin is preparing for its final macro Wave 5 expansion, potentially setting new all-time highs in the next months. #BTC #Bitcoin #ElliottWave #CryptoTrading #FibLevels #WaveAnalysis #Bullish #Wave3 #TechnicalAnalysis
Long
by PhillyVee
1
Gold (XAUUSD) Weekly TF 2025Overview This analysis outlines the structural Fibonacci confluences, scenario planning, and macro-aligned projections for Gold (XAUUSD) on the weekly timeframe. It integrates multi-layered Fibonacci extensions and retracements, mapping out key support and resistance levels, and proposes a nuanced primary scenario that includes both intermediate rallies and corrective movements. Primary Scenario – Multi-Stage Movement Hypothesis We anticipate that gold may initially extend higher from the current level (~$3,325) to test the 127.2% Fibonacci extension at $3,435, with the possibility of a further intermediate peak near $3,500. This level marks a psychological and technical resistance zone and could act as a temporary top. Following this local peak, a corrective phase may unfold. This pullback could evolve into one of the two outlined correction scenarios: 1 TP Correction Scenario Support Target: ~$2,950 Basis: 100% Fib extension confluence and prior resistance turned support Expected Outcome: Price stabilizes at this level and resumes upward momentum 2 TP Correction Scenario Support Target: ~$2,650 Basis: Strong historical structure + 100% Fib confluence from a broader cycle Expected Outcome: This zone acts as a long-term demand accumulation area Upon completion of the corrective structure, we expect gold to reinitiate its primary bullish trend. Bullish Continuation Targets TP1: ~$4,050 (161.8% Fibonacci extension) TP2: ~$4,319 (261.8% Fibonacci extension) These targets align with macroeconomic conditions, central bank accumulation trends, and long-term structural cycles. Supporting Technicals RSI: Holding above 50, indicating preserved bullish momentum MACD: Positive crossover with widening histogram on weekly timeframe Price Action: Strong support zone between $3,280–$3,300 aligning with 161.8% Fib retracement of the recent minor wave Macro Fundamentals & Correlations Central Bank Gold Demand: Sustained net buying by BRICS nations, particularly China and Russia, supports the structural bid on gold Fed Policy: Market anticipates a prolonged pause or gradual rate cuts, favoring non-yielding assets like gold DXY & US10Y Yields: Any further decline in DXY or softening yields would add tailwinds to gold Crypto Correlation: During inflationary hedging or systemic risk periods, gold and crypto may correlate positively, especially with weakening USD Intermarket Relationships: Gold, DXY, and TOTAL (Crypto Market Cap) Gold vs. DXY (US Dollar Index) Gold historically maintains an inverse correlation with DXY. A rising DXY tends to apply downward pressure on gold prices, while a falling DXY enhances gold's upside momentum. Scenario Interactions: If DXY breaks below 98, this could validate the bullish scenario for gold toward $3,435–$4,050. If DXY rallies back above 100, it could trigger the correction scenarios ($2,950 or $2,650) in gold. Gold vs. TOTAL (Crypto Market Cap) Gold and TOTAL may show positive correlation during periods of USD weakening and global liquidity expansion. Scenario Interactions: If gold rallies toward $3,500 and TOTAL also breaks key resistance (e.g., $1.8T–$2T), this signals synchronized bullish risk appetite. If gold corrects while TOTAL continues to rise, it could indicate rotation of liquidity from defensive to risk-on assets. A simultaneous correction in both may occur if DXY strengthens aggressively or if macro shocks reduce global liquidity. These intermarket relationships should be monitored continuously to assess the evolving macro context and validate the chosen scenario. In the case of a gold correction toward $2,950 or $2,650, the impact on altcoins will hinge on the prevailing macroeconomic backdrop. If the correction stems from a healthy, technical rebalancing within a risk-on environment—without a concurrent surge in the U.S. dollar—it could signal a shift in capital from defensive assets like gold into more speculative plays, including altcoins. This type of capital rotation often benefits the crypto market, particularly if TOTAL (crypto market cap) holds or advances structurally. However, if the correction is caused by rising dollar strength, tightening financial conditions, or broader risk-off sentiment, altcoins may instead suffer alongside gold, as liquidity is withdrawn across the board. Therefore, the context and drivers behind gold’s correction are crucial in assessing its downstream effects on altcoin performance. From a philosophical lens, gold's cyclical ascent and retreat mirrors the rhythm of nature and human experience—expansion, contraction, and renewal. Just as rivers carve valleys before surging toward the ocean, the market too must surrender gains to gather force. A correction in gold is not merely a financial event, but a moment of recalibration—an inhale before the next exhale of momentum. It invites reflection: whether wealth seeks refuge or ventures into risk, whether fear contracts or ambition expands. In this interplay, altcoins may inherit the restless spirit of capital in search of yield, as gold, the ancient anchor of value, briefly pauses in its timeless journey. Conclusion We present a multi-phased path for gold where: An initial bullish breakout toward $3,435–$3,500 forms a short- to mid-term peak A subsequent correction brings gold to either $2,950 or $2,650, depending on macro triggers A renewed bull rally drives gold toward $4,050 and potentially $4,319 and beyond This scenario reflects both the cyclical nature of market structure and the macro-fundamental backing that continues to support long-term gold strength.
OANDA:XAUUSD
by BitonGroup
XAUUSD Video Analysis Brief – Weekly Forecast Summary (2025)This video summarizes the key scenarios and technical outlook for Gold (XAUUSD) on the weekly timeframe, integrating both Fibonacci-based projections and macro fundamentals. Core Setup Gold is currently positioned near the 161.8% Fibonacci extension (~$3,276). A breakout toward $3,500 is possible before a potential corrective move. Scenario 1: Bullish Continuation Gold breaks above $3,435 → rallies to $4300 → continues toward major Fibonacci targets: TP: $4,320, which is the Fibonacci level 261.8% Scenario 2: Correction First Gold fails to hold above $3,435 → triggers a healthy correction to: TP1: $2,920 TP2: $2,650 If support 161.8% level holds in the correction zone, a renewed bullish phase is expected. Macro Alignment Central bank gold buying (notably BRICS) supports the long-term bid. Fed policy leaning dovish → tailwinds for gold. Inverse correlation with DXY: DXY below 98.95 → bullish for gold DXY above 100 → signals correction Effect on Altcoins If correction is risk-on driven, capital may rotate into altcoins. If triggered by macro stress or USD strength, alts may fall alongside gold. This analysis offers a multi-scenario framework to navigate the next major moves in gold, with key levels to watch for traders, investors, and macro analysts alike.
OANDA:XAUUSDLong
by BitonGroup
3
$BTC (DAILY): DEAD CAT BOUNCE up to $117k next in line?CRYPTOCAP:BTC has DEFENDED the key 200 MA so technically, it is STILL in a BULL MARKET. #BTC did, however, put in a LOWER LOW on yesterday's DAILY candle close, so no LONGS for me. Having said that, I'm expecting a DEAD CAT bounce up to $117k next, and this is my bias until it closes below the 200 MA. Then I will flip like a coin and become bearish. 200 MA is my BULL/BEAR boundary, in a nutshell. So, LONGS only from the $100k zone, SHORTS only from $117k. Also, Bitcoin need volumes in the next couple of days otherwise I see $100k soon. 💙👽
Long
by ColdBloodedCharter