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Harmonic Patterns

XAUUSD on the way to 2900 Price LevelThe currency pair in focus is XAU/USD, representing the exchange rate between gold (XAU) and the US Dollar (USD). The current price of XAU/USD is 2611, meaning one ounce of gold is valued at 2611 US Dollars. The target price is 2900, indicating a projected increase in gold's value to 2900 USD per ounce. The expected gain is 2000 pips, with each pip representing a small price movement in the currency pair. The pattern being observed is a Symmetrical Triangle, a chart formation that indicates a period of consolidation. In this pattern, the price moves between converging trendlines, suggesting that the market is uncertain and waiting for a breakout. A breakout occurs when the price breaks above the upper trendline or below the lower trendline, signaling a strong price movement. Traders are watching for this breakout, as it could push the price toward the target of 2900. The symmetrical triangle pattern typically leads to a significant price movement once the breakout occurs, making it a key technical indicator. This setup is used by traders to anticipate the direction of the next major move in the market.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery
GBPUSD on the way to 1.34The currency pair in focus is GBP/USD, representing the British Pound (GBP) and the US Dollar (USD). The current price of the pair is 1.25, meaning 1 British Pound is worth 1.25 US Dollars. The target price is 1.34, indicating an expected price movement to 1.34, where the British Pound will be worth 1.34 US Dollars. The gain in pips is 400, meaning the price is anticipated to rise by 400 pips, with each pip representing a small movement in the exchange rate. The strategy being followed is based on support and resistance levels, which are key concepts in technical analysis. Support refers to a price level where the pair tends to find buying interest, while resistance represents a price level where selling interest is typically strong. This suggests the pair has recently bounced from a support level and is approaching a resistance level. If the price breaks through the resistance, it could move toward the target price. The pattern of support and resistance helps traders identify potential entry and exit points, guiding them towards achieving the 400-pip gain. This strategy relies on observing price trends and historical levels of support and resistance to predict future price movements. Good Volume Expecting.
Long
by AndrewsMarket-Mastery
LPTUSDT Ecpecting 30%+ Gain LPTUSDT, currently trading at $18. Analysts predict a target price of $26, indicating a potential gain of over 30%. This forecast is based on the coin's price movement, which is following a support and resistance pattern. Specifically, the price is bouncing off the support level, suggesting a potential upward trend. Investors may consider buying LPTUSDT at its current price, with the goal of selling at the target price to realize the predicted gain. To manage risk, a stop-loss order can be set below the support level. Overall, the investment strategy for LPTUSDT carries a medium to high level of risk.
Long
by CryptoWithJames
Today's gold price analysis: Return to the 2630-2680 rangeToday's gold price analysis: Return to the 2630-2680 range Predicting gold prices is like predicting the weather - it's just that the weather is less often wrong! '" Williams' gold weather forecast: Straight lines belong to humans, curves belong to God As shown in the figure: We have been waiting for an optimal fluctuation range from yesterday to now: 2630-2680 Once the gold price returns to the middle area, the 2630-2680 range will be the easiest range for all traders to make money. Whether you are long or short in this range, as long as you can hold it patiently, you may make money from it. The adjustment period of this range is estimated to be about 1 week. Why do you say that? It's like a pregnant woman who doesn't go through ten months of stable pregnancy. How can you give birth to a healthy child during this period? If the current gold price wants to explode into a new round of sharp decline or surge, it needs such a pregnancy period. To accumulate energy. Then the repeated fluctuations in the 2630-2680 range are the best gestation period. So, in the short term I insist that the gold price will still return, because the 2630-2680 range is the best choice for all possible future trends. If you also like and approve of my article, I sincerely hope to get your feedback and comments. I will reply one by one and send my sincere blessings and thanks.
OANDA:XAUUSD
by Brad_Williams
BTCWe have an interesting situation with BTC. Monthly candle on the BTC failed to close above the previous high which means it will now move towards the previous lows. In order to confirm that idea, we have two levels which needs to be broken. If we stay above the previous low than we can head towards 100k or higher for retracement. Secondly, there are multiple weekly FVG below which will provide strong support What does this mean. In the next 3 months, we would stay in a range, even we break these levels than the trend would again reclaim its previous lows and head higher that would contribute to side ways movement and alts will fly.
by Shykh_Trades
XAU/USD Report and Trade Playbook (Pre-Holiday Adjustments)XAU/USD Report and Trade Playbook (Pre-Holiday Adjustments) Executive Summary As we approach the pre-Christmas session and a holiday market closure, reduced liquidity and lower-than-average volatility are expected. This report tailors trading setups to account for these market conditions, focusing on scalping and low-risk trades with tighter SL/TP levels, while avoiding setups reliant on high volume or significant breakouts. Playbook Components 1. Adjusted Entry Triggers Technical Signals: Ichimoku: Use Kumo and Kijun-sen for reversion levels rather than breakouts. VWAP: Identify price deviations to capture scalping opportunities. FVG: Focus on untested liquidity gaps near established support/resistance. Fibonacci: Utilize 50% and 61.8% retracements for pullback entries. Candlestick Patterns: Look for quick reversal signals (Pin Bars, Inside Bars) on lower timeframes. Divergences: Validate trades with RSI divergence for overbought/oversold conditions. 2. Key Success Factors Risk-Reward Adjustments: Tighten SL/TP levels to reflect reduced volatility. Minimum R:R = 1:1.5 to adapt to smaller price moves. Focus on Scalping: Utilize 30M and 1H timeframes for rapid setups. Avoid High-Volume Expectations: Breakout trades may fail due to thin market conditions. 3. Trade Scenarios (Pre-Holiday Adjustments) Scenario 1: Range-Bound Scalping Setup: Use Ichimoku and VWAP for entries at established support/resistance. Target quick moves within tight ranges. Trade Example: Entry: Long at $2,618 (VWAP lower deviation). SL: $2,616. TP1: $2,622. TP2: $2,624 (VWAP median). TSL: Trail SL to $2,620 after price hits $2,622. Scenario 2: Mean Reversion Setup: Look for overextensions above VWAP or Kumo with divergence validation. Trade Example: Entry: Short at $2,628. SL: $2,631. TP1: $2,624. TP2: $2,622. TSL: Trail SL to $2,626 after price breaks $2,624. Scenario 3: Low-Volume Pullback to Key Levels Setup: Use Fibonacci retracements to enter pullbacks near support levels. Trade Example: Entry: Long at $2,620 (50% retracement). SL: $2,618. TP1: $2,624. TP2: $2,628. TSL: Move SL to $2,622 after price hits $2,624. Pre-Holiday Strategy Adjustments Avoid Large Breakout Expectations: Thin liquidity limits breakout follow-through; focus on reversals and ranges. Tight SL and TP Levels: Reflect reduced volatility with smaller profit targets and tighter stops. Session Focus: Best opportunities in early London or NYC session; expect flat movement in Tokyo. Exhaustive List of Adjusted Trade Examples 1. Tokyo Session (Scalping): Entry: Long at $2,618. SL: $2,616. TP1: $2,622. TP2: $2,624. TSL: Trail SL to $2,620 after hitting $2,622. 2. London Session (Range-Bound): Entry: Short at $2,628. SL: $2,631. TP1: $2,624. TP2: $2,622. TSL: Adjust to $2,626 after breaking $2,624. 3. NYC Session (Mean Reversion): Entry: Long at $2,620. SL: $2,618. TP1: $2,624. TP2: $2,628. TSL: Trail SL to $2,622 after $2,624 hit. Annotated Charts Daily Chart: Focus on $2,618-$2,622 support range. Reversion expected near $2,628. 4H Chart: Key levels: $2,618 (support) and $2,628 (resistance). Mean reversion setups dominate. 1H and 30M Charts: Tight scalping ranges with VWAP deviations highlighted.
FX:XAUUSD
by ICHIMOKUontheNILE