Wedge
Trading GOLD At All-Time Highs - 2 Methods for Profit TakingGold has broken out to all-time highs, leaving traders asking: “Where should I take profits when there’s no structure to target?”
In this video, I’ll walk you through two proven methods for setting profit targets when trading in uncharted territory:
🔹 Price Action & Technical Tools – measured moves, AB=CD patterns, Fibonacci extensions (127 & 1618), and wedge breakout projections.
🔹 Indicator-Based Exits – using RSI, stochastics, and volatility bands (Keltner Channels / Bollinger Bands) to identify exhaustion and exit signals.
You’ll learn:
✅ How to set profit targets without previous structure
✅ Why thinking like the “other trader” gives you an edge
✅ Why catching part of the move beats chasing the very top
If you have any questions or comments, please leave them below.
Akil
BITCOIN → Sale on positive news? What to expect? 100K or 130K?BINANCE:BTCUSDT.P unsuccessfully ended another attempt to break through the 112K-113K zone. The positive background (NFP) did not affect the price, and a bearish setup formed on D1...
D1 is forming a pin-bar relative to the strong resistance zone of 112K - 113K, positive news is quickly sold off, and the price, rebounding from the resistance of the trading range, closes near the bearish trigger of 110500. Bitcoin looks quite uncertain as it faces selling pressure in the 112K-113K zone. The price cannot consolidate above this area despite the previously broken correction resistance. There is logic in this maneuver... The market is betting on a more than 90% chance of interest rate cuts, and by that point, the price of Bitcoin may fall to the maximum permissible limits before further growth. Areas of interest may be 107K - 105K - 100K
Resistance levels: 111.9K, 113.3K, 117K
Support levels: 110.5K, 107.4K, 105.0K
A breakdown of the 110.5K support could trigger further sell-offs towards the support of the key trading range. Within the current downward cycle, the price may well test 105,000, which is a fairly strong liquidity zone. The fundamental background is positive, and the current sell-off may be manipulative movement before the emergence of a bullish driver...
Best regards, R. Linda!
XAUUSD: The Correction Phase BeginsHello everyone, here is my breakdown of the current Gold setup.
Market Analysis
From a broader perspective, the price of Gold has been in a strong uptrend since breaking out of a prior Downward Channel. This entire bullish phase has been developing within the confines of a large broadening wedge, a pattern that indicates expanding volatility as price makes higher highs and higher lows.
Currently, the price is at a critical point, testing the Broadening Resistance Line at the very top of this wedge. This test comes after a very strong and steep upward impulse, which often suggests that a trend might be overextended and due for a correction.
My Scenario & Strategy
My scenario is a tactical short, based on the idea that this strong rally is due for a healthy pullback. Trends rarely move in a straight line forever, and the resistance line of this multi-week wedge is a high-probability area for sellers to step in.
I'm looking for the price to make one final, small push higher and then show a clear sign of rejection. The primary target for this corrective fall is 3500 points. As you noted, this is an intermediate target, not the major Support 1, making it a logical first objective for a pullback.
That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
SPX at verge of breaking down?SP:SPX is treading dangerously in a bearish wedge formation with multiple bearish divergences in RSI.
A breakdown from here could send it around 6200 zone. And that might just be beginning of the fall everyone is waiting for, on account of excessive debt and inflation situation.
BTCUSD: Price Drop to Support line of WedgeHello everyone, here is my breakdown of the current Bitcoin setup.
Market Analysis
From a broader perspective, the price action for Bitcoin has been bearish since the rejection from the Resistance Zone near the 122000 level. This initiated a downtrend that has since evolved from a channel into the current Downward Wedge pattern, which has been guiding the price through a series of lower highs and lower lows.
Currently, the price is at a critical decision point. After a bounce from the lower part of the wedge, it has rallied correctly and is now directly testing the descending resistance line of the formation.
My Scenario & Strategy
My scenario is based on the expectation that this Downward Wedge is a continuation pattern and the dominant downtrend will resume. I'm looking for the price to be rejected from the wedge's resistance line. A confirmed failure to break higher would signal the start of the next impulsive move down. This move is expected to have enough momentum to break through the intermediate Support zone around the 109600 level.
A breakdown below the 109600 support zone would validate the scenario. The primary target for this move is 105700 points, which aligns perfectly with the lower support line of the wedge pattern.
That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Bitcoin continue to move up to resistance levelHello traders, I want share with you my opinion about Bitcoin. The prolonged corrective phase for Bitcoin appears to be concluding, as the price action signals a significant shift in momentum. After a complex journey through various corrective patterns, the price established a strong support base in the 108800 buyer zone and has now executed a decisive breakout from the final descending resistance line. Currently, following this breakout, the price of BTC is in a strong upward impulse, confirming the new bullish momentum and moving decisively away from the prior consolidation zone. The primary working hypothesis is a long scenario that anticipates a brief corrective movement before the next major leg higher. The expectation is that the price will soon make a small dip to retest the recently broken resistance line, confirming it as new dynamic support. A successful and confirmed bounce from this retest would validate the strength of the breakout and signal that buyers remain in firm control, likely triggering the continuation of the rebound to the upside. Therefore, the TP for this breakout and continuation play is logically placed at the 115800 level, which aligns with the major horizontal resistance level and seller zone. Please share this idea with your friends and click Boost 🚀
EURUSD – 1H | Demand Zone Retest & Trendline WatchFOREXCOM:EURUSD
Structure | Trend | Key Reaction Zones
EURUSD is consolidating after a rejection from 1.1682 resistance. Price is holding above the 1.1610–1.1620 demand zone, which acted as a previous bullish base. Short-term descending trendline is capping upside.
Market Overview
The pair attempted a bullish channel previously but faced strong rejection at resistance levels. Currently, it is retesting the demand zone, and buyers need to defend it to sustain any recovery. Bears will dominate if the zone breaks.
Key Scenarios
✅ Bullish Case 🚀 → Hold above 1.1610 support → upside targets 🎯 1.1651 → 🎯 1.1666 → 🎯 1.1682.
❌ Bearish Case 📉 → Break below 1.1610 could expose 🎯 1.1575 downside.
Current Levels to Watch
Resistance 🔴: 1.1651 / 1.1666 / 1.1682
Support 🟢: 1.1629 / 1.1610 / 1.1575
⚠️ Disclaimer: For educational purposes only. Not financial advice.
Silver (XAGUSD)– 15m | Descending Trendline & Demand BaseFOREXCOM:XAGUSD
Structure | Trend | Key Reaction Zones
Silver is trading under a descending trendline, with price rejecting from the 41.44 high. Multiple demand bases at 40.40–40.52 continue to act as support. Sellers are showing control after liquidity grabs at highs.
Market Overview
Price has been consolidating within a falling channel, with sellers pressing at each rally. Demand zones are still respected, but a decisive break below 40.40 could open further downside. Breakout above the descending trendline would flip sentiment bullish again.
Key Scenarios
✅ Bullish Case 🚀 → Bounce from 40.40–40.52 demand base could push Silver toward 🎯 40.87 and 🎯 41.06.
❌ Bearish Case 📉 → Break below 40.40 exposes 🎯 40.12 as the downside target.
Current Levels to Watch
Resistance 🔴: 40.87 / 41.06 / 41.23
Support 🟢: 40.52 / 40.40 / 40.12
⚠️ Disclaimer: For educational purposes only. Not financial advice.
ETH/USD – 30m | Descending Trendline Rejection & Critical RetestBITSTAMP:ETHUSD
Structure | Trend | Key Reaction Zones
ETH is facing heavy rejection from the descending trendline and showing lower highs (LH). Critical support zones are holding buyers for now, but momentum is tilted bearish.
Market Overview
After a sharp liquidity grab near 4490–4500, ETH rejected strongly from major resistance. Price is now retesting critical support zones, and sentiment suggests sellers remain active. Bears are in control unless support breaks or bulls reclaim higher levels.
Key Scenarios
✅ Bullish Case 🚀 → Break above 4362–4380 may extend recovery towards 🎯 4435 and 🎯 4490.
❌ Bearish Case 📉 → Failure at 4300 support may extend downside towards 🎯 4260 and 🎯 4215.
Current Levels to Watch
Resistance 🔴: 4362 / 4437 / 4490
Support 🟢: 4300 / 4260 / 4215
⚠️ Disclaimer: For educational purposes only. Not financial advice.
XAUUSD Long: Upward Trend ContinuesHello, traders! The prior market structure for XAUUSD was dominated by a large consolidation wedge pattern. This period of balance was resolved with a decisive bullish breakout, which was subsequently confirmed by a retest of the 3440 demand zone. This successful test of former resistance as new support confirmed a structural shift in control to the buyers and initiated the current bullish phase.
Currently, the price has entered an acceleration phase. Following the breakout, a strong, impulsive rally has developed, which is now being guided by a steep ascending trend line. This indicates that the bullish initiative is in full control and the market is in a clear expansion phase, having left the prior consolidation area behind.
The primary scenario anticipates a continuation of this bullish momentum. Any minor corrective pullback towards the ascending trend line is expected to be met with renewed buying pressure, providing an opportunity to join the trend. A successful hold of this dynamic support would be the trigger for the next leg higher. The take-profit for this trend continuation is therefore set at 3600 points. Manage your risk!
BTC Breakout Update – Bullish Setup in Play#Bitcoin has been consolidating in a falling wedge pattern – a historically bullish formation. Recently, #BTC has broken out of the wedge, signaling potential momentum shift.
Key Points to Watch:
Wedge breakout already confirmed (bullish sign)
Structure shows LLs & LHs turning – possible trend reversal
Next confirmation needed: break above previous LHs & resistance zone
Only after this breakout can we confidently enter a long trade with proper risk management
Strategy:
I’ll be waiting for a clear breakout + retest of the resistance to position long. Until then, patience is key.
What’s your view – do you think #BTC will continue its breakout and start a strong uptrend, or is this a fake-out before another drop?
Drop your thoughts in the comments & don’t forget to hit like if you found this useful. Follow for more daily #BTC updates & trade ideas!
#BTC #Bitcoin #Crypto #CryptoTrading #BTCUSD #BitcoinAnalysis #BitcoinPrice #CryptoMarket #BTCUpdate #BitcoinTrading #CryptoAnalysis #CryptoSignals #BTCChart #CryptoCommunity #BitcoinBreakout #CryptoTrend #BTCPriceAction #BitcoinTechnicalAnalysis #CryptoIdeas
GBPUSD – Supply Zone Bears on Watch!GBPUSD continues to trade within a broad descending channel on the 4H timeframe. Price is approaching a well-defined supply zone that aligns with the upper red trendline resistance.
📉As long as this area holds, sellers are expected to step in, making it a high-probability zone to look for short setups.
A rejection from this level could push price back toward the lower boundary of the channel, keeping the bearish structure intact. Traders should stay cautious and watch for confirmation signals before engaging.
⚠️ Always remember: patience pays. Let the market come to you.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
GOLD → The uncertainty factor before the news. Down / up?FX:XAUUSD after updating another high to 3578 went into the phase of profit taking before two busy news days. The trend is aggressively bullish, but the risks of correction are quite high due to the uncertainty factor....
The price pulled back from record highs amid profit taking and reduced panic in the bond market. The dollar stabilized, but remains under pressure due to expectations of Fed rate cuts this year. The key event will be the publication of US employment data (NFP) on Friday.
A correction after a sharp rise is a natural reaction, but the expectation of Fed policy easing is supporting the metal's price.
Geopolitics: Trade risks (Trump's tariffs) mitigate gold's fall.
Gold's correction so far looks like a pause before further movement. The main driver is NFP data, which will determine Fed rate sentiment and USD direction. But, today all eyes are on ADP Nonfarm, Initial jobless claims, and ISM data. Unexpected data may intensify the sell-off....
Resistance levels: 3546, 3559, 3563
Support levels: 3526, 3508
It is difficult to determine the news reaction in advance, we will have to orient ourselves after the fact. Technically, I expect a deeper correction for a healthy market. I expect a retest of the 3560 zone and further decline to local liquidity zones.
Regards R. Linda!
AUDNZD: Pullback From Support Confirmed 🇦🇺🇳🇿
There is a high probability that AUDNZD will rise from the underlined support.
A bullish violation of a resistance line of a bullish flag pattern on an hourly
time frame provides a reliable confirmation.
Goal - 1.1133
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAUUSD (8H)Breakout Momentum & Bulls in Control|SELLER OR BUYER?FOREXCOM:XAUUSD
Structure | Trend | Key Reaction Zones
Gold broke above the 3450–3500 resistance zone with strong momentum. This breakout is now confirmed, and bulls remain in full control. The next upside extension points towards the 3570–3600 zone.
Market Overview
After several accumulation phases and liquidity grabs, price built a strong base. Buyers stepped in aggressively from the 3405–3450 area, turning it into solid support. With breakout momentum active, the trend remains bullish. Pullbacks towards 3450–3500 could act as healthy retests before further continuation.
Key Scenarios
✅ Bullish Case 🚀 →
🎯 Target 1: 3570
🎯 Target 2: 3600
🎯 Extended: 3650
❌ Bearish Case 📉 →
🎯 Downside Target 1: 3450
🎯 Downside Target 2: 3405
Current Levels to Watch
Resistance 🔴: 3570 – 3600
Support 🟢: 3450 – 3500
⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
HBAR - bullish structure daily & Monthly!🟢 #HBAR - Price Analysis
🔼 Possible Ascending Triangle on monthly (see last chart!)
🟣 Weekly structure looks healthy, clean 50% fib retest at $0.2100
⚡️ Technically:
Bull flag in play if support holds here!
Possible next leg up loading 📈
Watching for a retest of the monthly resistance (triangle zone)
Short Term:
→ Neutral zone: $0.2250 – $0.2100
→ Big upward move possible on resistance break.
→ Risk: Daily close under $0.2100 would flip momentum bearish!
💡 Keep an eye on the upper daily trendline!
HTF Resistances: $0.2680 | $0.2700 - $0.2900 - $0.400
Key zones all mapped out on my charts 👀
Bearish setup on SEI!🚀 As you know, I'm very bullish on NYSE:SEI !
→ AUG 28: BREAKING - 21Shares files S-1 with the SEC for a SEI ETF📈
→On-chain volume is exploding, growth is exponential!📈
→Clean falling wedge structure forming on H4📈
→Daily Ichimoku retest area in play✅
Adoption is coming = More revenues, more investment, more devs → price up! 🚀
🧠 Not financial advice, just sharing my research so you can make informed bets!I do the digging, you make the decision.
Key setup: Valid > $0.2650 on daily close.