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GOLD Is Going Up! Long! Here is our detailed technical review for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2,621.75. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,686.96 level. 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!
CAPITALCOM:GOLDLong
by SignalProvider
2
Big Signal BTCUSD ON 120K🚀 Why You Should Consider Buying Bitcoin Now! 🚀 📈 The crypto market is buzzing with a strong bullish momentum! Over the past few weeks, we've seen consistent signs of accumulation—a clear signal that the market is preparing for a significant upward push. 💡 As an investor, timing is everything, and now might be your chance to ride the wave before the next big move. Bitcoin's resilience and potential for growth make it a solid choice for those looking to diversify or strengthen their portfolio. 🌟 My Recommendation? Don't miss out! Analyze the trends, do your research, and consider buying BTC to capitalize on this market opportunity. 🔒 Remember: Always invest wisely and within your means. Let's navigate this exciting journey together!
BITSTAMP:BTCUSDLong
by afakiali2
2
GOLD - Price can correct to support line and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few days ago price entered to triangle, where it at once broke $2700 level and then fell to support line of this pattern. Also, Gold broke $2595 level, but some time later it turned around from support line and soon broke $2595 level again. Later Gold rose to resistance zone, after which made correction and then reached support line of triangle. Then price made upward impulse, thereby exiting from triangle and breaking $2700 level, and started to trades in pennant. In this pattern, price broke $2700 level one more time and declined to support level, after which rose to resistance line. In my mind, Gold can fall to support line and then bounce up to $2660, exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1
The SqueezeGood day friends in this mercurial market on the 4 hour chart we have SHIBA consolidating and also a possible BB squeeze. Per our friend Google "When Bollinger Bands narrow, it indicates that the market or security is experiencing less volatility and may be about to have a significant price move: This is known as a "squeeze" and suggests that a big move is ahead"" Here on the chart it may appear that BB is narrowing, let's keep our eye on the breakout of the parallel structure, which will act as a confluence. "When Bollinger Bands narrow significantly and the price then breaks above the upper band or below the lower band, it is often interpreted as a strong signal of a potential trend change, signifying a breakout or breakdown, as this indicates a period of low volatility followed by a sudden increase in price movement, often considered a "squeeze" with the breakout signifying a significant price move either upwards or downwards depending on which band is breached; essentially, the market is poised for a large move after a period of consolidation"(Google).
COINBASE:SHIBUSD
by paper_Trader1775
6
I recommend buying at the current price with a stop-loss order Analysis: The current price of gold is hovering around 2615.980 USD. A closer look at the 4-hour chart reveals a few key observations: Price Action: The price has been consolidating within a defined range for the past few days. The yellow line indicates my predicted future price move. Support and Resistance: I have identified several significant support and resistance levels on the chart. These levels have acted as areas of price congestion in the past and are likely to continue to influence price movement. Moving Average: The 50-period SMA (Simple Moving Average) is currently providing support to the price. Prediction: I think the price of gold is likely to remain within the current range in the near term. A break above the upper resistance level could signal a bullish breakout, while a break below the lower support level could indicate a bearish move. However, I think the price is more likely to move upwards, as indicated by the yellow line. Next Steps: I will continue to monitor the price action of gold closely and adjust my analysis as needed. I will also be paying close attention to any news or events that could impact the price of gold. Recommendation: For traders looking to capitalize on a potential upward move in the price of gold, I recommend buying at the current price with a stop-loss order placed below the lower support level. For those who are risk-averse, I recommend waiting for a clear breakout above the upper resistance level before entering a long position.
OANDA:XAUUSDLong
by thriftyCode2170
2
babydoge - 100x box?Everything is still in this box, I marked the upper resistance line, it needs to be broken through and consolidated above it, after that there is emptiness on the chart, the price will grow parabolically, but while we remain in the box - this is consolidation. The box always flies away when there is a fixation above it on the selected TF, if there is none, false takeaways often occur as here. And in most cases there is a retest of the broken level, if it was a strong resistance all this time.
by GladiatorTrade
GBPUSD Analysis: Anticipated Decline from Key Selling ZonesOn the H4 timeframe, GBPUSD is currently approaching identified selling zones, specifically Zone 1 at 1.2614 and Zone 2 at 1.2660. Anticipation is for a downward price movement initiating from either of these zones. Projected price targets include: Target Price 1 at 1.2447, expected to be reached within the forthcoming week. Target Price 2 at 1.2301. We will continue to monitor and update the chart dynamically as price action evolves.
Short
by coolbouy
1
Phala Network | TA Theory & Fib. TargetsHello my dear supporter, I would like to thank you for choosing to read what I have to share. I promise to give you engaging content, entertaining and enlightening. You will learn something new with each and every single trade-idea or, in the least, you will be entertained. Phala Network (PHAUSDT) produced a long consolidation phase in 2023, last year. The blue channels depicted on the chart (left side). This consolidation phase lasted 238 days. The bullish wave that followed was relatively small in terms of the cryptocurrency market. Such a long consolidation phase would normally yield a stronger bullish wave. You cannot find this in books nor anywhere, this is 100% experienced based information. The fact that the consolidation phase was long in duration, the bullish wave relatively short and the correction strong yet ending in a higher low (early August), can tell us that a new bullish wave can develop without much (new) consolidation. This is my theory based on technical analysis. Follow my thinking; it is like the strength generated by the previous consolidation phase wasn't fully used, therefore, little consolidation is needed for a new and strong wave. We have really high buy volume in June, again, a higher low in August while this date produced the strongest crash of the year marketwide, signaling that sellers on this pair are no longer active. It is likely that this pair can grow. The signals are good and leaning toward the strong side. On a drop, support can be found at the last low and if a drop does happen, a recovery can be quick because the correction hit almost 100% of the previous bullish wave. When we consider that the correction removed all gains, we can count the entire period from June 2023 through present day as the consolidation phase. That would be more than 430 days of strengthening action; the bullish jump earlier this year is just the whales buying, in anticipation of the 2025 bull-market. The targets can be seen on the chart. I love you. Namaste.
Long
by AlanSantana
2
USDCAD, Is 1.47 available ?Hello Traders, Happy new year in advance, I Hope you have a great year ahead with your family. let's go for USDCAD analysis: for upcoming weeks, we'll probably see a downward correction to Specified level at first and then it will start another Rally. so with a proper trigger we can open a short position at first and after that a long position with TP around 1.4700. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS.
by aminrzb
1