In this analysis of XAUUSD on the daily chart, we observe that the price is currently testing an ascending trendline support. Key pivot levels for the month are highlighted, with the DM Monthly P (2,433.414) acting as resistance and DM Monthly S1 (2,383.087) as support. A potential bullish scenario is outlined with a target around DM Monthly R1 (2,548.222)....
This chart analysis highlights a bullish breakout above a consolidation zone, indicating a potential uptrend. The price has surpassed the Fibonacci Semesterly R1 (2,431.66) level, suggesting further upward movement towards the Fibonacci Semesterly R2 (2,541.593) and R3 (2,719.537) levels. The blue rectangle represents a period of accumulation, and the breakout is...
This daily chart for Gold Spot (XAU/USD) illustrates a robust bullish trend within a defined upward parallel channel. Current price levels at $2,331.945 show a notable increase of +1.21%. Key support and resistance levels are marked at $2,392, $2,286, $2,186, and $2,050. The chart projects potential short-term corrections as indicated by the red and green arrows,...
In the displayed chart of Gold Spot versus U.S. Dollar, there are indications that after a bullish daily close, the price of gold is likely to attempt a retest of the resistance level. From the image, we can see that the 'Buy' level has already been taken at 2,350.292, while the 'Breakout' level is noted at 2,358.323. This suggests there is sufficient momentum to...
In the traditional cycle of Bitcoin, May has often been marked by significant bearish movements. As of the 25th, Bitcoin has intriguingly held above the opening price of the month. However, based on historical trends and current market dynamics, I anticipate a major correction is imminent that could bring Bitcoin down to reach its support levels. Keep a close...
1.5 support and 2.025 pivot just touched ready to target resisten in Q2 and Q3
bearish flag for bearish continuation to next weekly support 1798.18
In this analysis, we examine the current market conditions for gold and anticipate potential selling pressure by the end of July, continuing into the month of August. Recent price action, including a rejection at $1987 and a breach of the $1966 level, indicates signs of bearish sentiment. Our outlook suggests that gold prices may attempt to reach the pivot price...
In the world of cryptocurrency, Bitcoin is showing signs of a potential comeback as a bullish reversal pattern emerges, hinting at a price target of $59,500. This development has sparked optimism among investors, although the crypto market's inherent volatility requires caution and thorough research.
This analysis focuses on Ethereum, one of the leading cryptocurrencies in the market. Currently, the price of Ethereum is at the monthly pivot level, indicating a significant level of price congestion and potential market indecision. Furthermore, there is a presence of momentum distribution, suggesting a potential downward movement in the near term. Considering...
Based on the current market pressure, it is advisable to look for a short position this week. Sellers are waiting at the level of 1930, with a target decline in price to the range of 1890, which is a potential 400 pips move for the week. This seems to offer the best probability from my perspective.
Just my sick opinion. Bug dump has happened on BINANCE US. Don't follow me.
Bitcoin's price has been consolidating within a sideways range for some time now. Today's fundamental data suggests a positive outlook for the US economy, which could potentially impact Bitcoin's price. Average Hourly Earnings m/m increased by 0.3% from the previous period, indicating a rise in average hourly wages for workers. If this trend continues, it could...
Certainly. When it comes to technical analysis, XRP's current price being above the monthly pivot point and forming an ascending channel pattern suggest a bullish trend. Additionally, there are several resistance levels that can be targeted for buying, including R1 0.581, R2 0.636, and R3 0.727. However, it's important to note that technical analysis should not...
FTMUSDT is a cryptocurrency that has recently reached a sell area of 0.47. Based on market analysis, it is expected that the price will continue to decline, with a target of 0.3 by the end of this month. This may be of interest to those who are following the cryptocurrency market or are currently invested in FTmusdt. It is important to note that cryptocurrency...
Based on the observed chart patterns and my technical analysis, I strongly believe that XMR (Monero) is poised for a downtrend in the near future. Exercise caution and consider implementing risk management strategies when trading.
In my opinion, it appears that CZ may not want retail investors to participate in this golden opportunity. Despite the fact that HNT's current price lies within its support level, which I believe represents a discounted value, CZ has announced his intention to remove the HNT coin from Binance. My future price predictions for HNT are a resurgence to the $30 and $60...
I was fooled by the market today. looks bearish and overbought . weekly candle can be bull engulfing and inverted head n shoulder and the IHNS pattern looks very valid at the moment. I will wait for 1850 to breakout first