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Harmonic Patterns

GOLD → Interest rates are dropping, so why is gold falling?Hello, dear friends! Ben here! Gold prices remain consolidated below the $2,600 level following a strong two-way price movement in the previous session and stay near their lowest point in over a month. The primary reason for the decline in gold prices is the recent decision by the U.S. Federal Reserve (Fed) to cut interest rates by an additional 0.25%. While this move was widely anticipated, the Fed also indicated that it plans to reduce rates at a slower pace in 2025. The impact of recent Fed rate cuts had already been priced into gold. At this point, investors are eager to know how many rate cuts the Fed will execute in 2025. According to the Fed's latest interest rate projections, only two rate cuts are expected in 2025, compared to four cuts projected in the September forecast. In theory, the Fed’s hawkish stance has worked effectively: the dollar has strengthened, and the markets have weakened. Today, all eyes are on GDP and the PCE data—an index the Fed considers a key measure of inflation. From a technical perspective, after retesting the previously broken channel boundary and an imbalance zone, gold prices have dropped further. As a result, a clear trend is emerging that warrants close observation. If the price fails to hold above the critical support level around $2,586/ounce, it is highly likely to decline toward the $2,521/ounce area. Sincerely, Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
SOL: Massive Bull Flag Formed!Now is the time to keep a close eye on SOL! A break above the bull flag could happen anytime now! If you're looking to trade SOL at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $233 and take profits at the levels shown in the chart. Targets: 1. $240 2. $245 3. $251 4. $260 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
4
XRP: Bullish continuation imminent! XRP has been on a massive upside move, and currently, the price is cooling off in a falling wedge pattern! If you're looking to trade XRP at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $2.51 and take profits at the levels shown in the chart. Targets: 1. $2.6 2. $2.7 3. $2.8 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
18
GOLD - Should I sell?Brian, hello everyone! Gold prices “plunged” and fell more than 2% to a one-month low in mid-week trading after the Fed decided to cut interest rates as expected, but noted that it would slow the pace of borrowing cost reductions in the near term. The Fed’s stance boosted the USD and bond yields. Based on the performance of gold on the 4-hour time frame, along with indicators from EMA and RSI, a bearish trend is expected in the coming period. With the current unfavorable situation for gold, the price of gold is likely to reach $2,537 in the near future.
OANDA:XAUUSDShort
by Trader-Briannnn
BTCUSDT: Consolidating below key resistance. What next?Hello, dear friends! BTC/USDT is currently on a bearish trajectory, with the price hovering around $101,200. This decline follows comments from Federal Reserve Chair Jerome Powell opposing the establishment of a national bitcoin reserve fund. From a theoretical perspective, the outlook suggests further downside potential, as the price is currently near critical resistance levels around the 0.618 and 0.5 Fibonacci retracements, while the descending trendline remains intact. It is anticipated that the decline could extend to the designated support zones. Wishing you all profitable trades ahead!
Short
by Trader-Briannnn
SANDUSDT - LONG IDEAHello Traders, Here’s a new analysis on SAND/USDT, as the stop-loss from the previous idea was triggered. Currently, the price has entered a well-defined zone that has been subject to multiple rejections and retests over the past weeks. However, it is also reacting to a key confluence area, rejecting both an important trendline and the 0.618 Fibonacci retracement level (at 0.59). For now, we’ll monitor the daily candle close to assess whether there’s a solid opportunity to open a long position. If this pivot level is breached and a Break of Structure (BoS) begins to take shape, the more prudent approach will be to wait for the price to drop toward the 0.48 region before considering a long entry.
Long
by Speedrei-FRX
1
Bearish drop?NAS100 has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 21,414.83 Why we like it: There is a pullback resistance level. Stop loss: 21,813.15 Why we like it: There is a pullback resistance level. Take profit: 20,774.05 Why we like it: There is an overlap support level that lines up with the 78.6% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:NAS100Short
by VantageMarkets
Bitcoin Analysis StrategyIn the chart, we can see how the price fell to the support level and traded near this level for a while, then broke through this level and continued to fall to the trend line. After this, the price turned around and impacted upwards, thus reaching the 99500 level again and soon broke through it again. Later, the price traded near this level for a while, and then continued to rise to the resistance level, which coincided with the resistance zone. When the price reached this level, it first corrected and then impacted upwards, breaking through the resistance level. After that, the price hit a new ATH (108K points), then fell to the trend line, breaking through the resistance level again. Soon, BTC broke through the trend line and fell to the support level, but not long ago it rebounded and started to rise. For this situation, I expect BTCUSDT to make a small correction and then continue to rise to the resistance level. That's why I set the target at 105000.
Long
by SPPOK1