Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Signals
S&P500 Don't expect the rally to stop now.Our last S&P500 (SPX) analysis (November 18, see chart below) gave us the ideal buy entry on the 0.5 Fibonacci retracement level, with the price immediately responding with a rebound:
The rebound took place on the 4H MA200 (orange trend-line) and we are now even past the 4H MA50 (blue trend-line). Despite the strong uptrend, this rally is far from over technically, as not only is the 4H RSI below the (70.00) overbought barrier where it has given the first bearish signs near the two previous Higher Highs, but also significantly lower than the top (Higher Highs trend-line) of the September 06 Channel Up.
As a result we expect a continuation of the current Bullish Leg. The previous one peaked on the 1.786 Fibonacci extension, so our Target is now just below it at 6150.
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WTI OIL crucial test on the 4H MA50WTI Crude Oil (USOIL) hit yesterday its 4H MA50 (blue trend-line) and just after it broke, the short-term correction took a pause. As long as it holds, there are higher probabilities of initiating the final rally towards the Resistance Zone. If it breaks though, we expect a test of the upper levels of the Support Zone, before the rebound.
Either way, our Target is $76.00 (the 0.786 Fibonacci retracement level). This is because we believe it is replicating the September bottoming pattern, where after an initial 4H RSI Bullish Divergence (Higher Highs against Lower Lows), the price rose and got rejected back to the Support Zone, only to rebound to the 0.786 Fib of the previous High.
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BITCOIN rejected on the 1st real Resistance of the Bull Cycle.Yesterday's brutal Bitcoin (BTCUSD) rejection caught the majority of the market off guard. There are a few fundamental reasons, there is the exhaustion of the post-election euphoria, there is the psychological weight of the $100000 barrier. However there is one major technical reason that has gone under the radar and we'll explain it to you below.
** The Fibonacci Channel and the 0.236 Fib **
As you can see on this chart, the underlying pattern has been a Fibonacci Channel going through the last 3 Cycles (including the current one). The pattern started with a strong rebound on its bottom (green circle) that formed the December 2013 Top. That Cycle Top was on the 0.236 Fibonacci level of the Cycle and that is a level that rejected rallies during Bull Cycles on June 24 2019 and May 11 2024.
** The '1st Real Resistance of the Bull Cycle' **
That is the Fib trend-line that (more recently) rejected the uptrend on November 22. We can call this the '1st Real Resistance of the Bull Cycle' as this is the first major rejection level that a Bull Cycle faces before the eventual Top. That high during the last 2 Cycles has been on the 0.0 Fibonacci level, technically the top of the Channel (red circles). The red spot on the current Cycle in late 2025 doesn't represent a projection but is an illustration for comparison purposes.
** Top timing and the 1W MA50 **
On a side-note, it is interesting to observe that the duration of each of the past Bull Cycles has been roughly 150 weeks (1050 days) so a repeat of this pattern would give us a High towards the end of September/ early October. It is much better to try to time the High and sell that put an actual price tag on it. Equally interesting is the fact that even though BTC is on a technical rejection, the current rally started on the August 05 2024 Low, exactly on the 1W MA50 (blue trend-line). Technically, as long as this trend-line holds, the cyclical bullish wave should stay intact.
But what do you think? Do you think the 0.236 Fib i.e. the '1st Real Resistance of the Bull Cycle' will extend the correction? Feel free to let us know in the comments section below!
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XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last analysis on XAUUSD , it has followed the second scenario and dropped down to 2640 and now even lower. With this in mind, we now have again two possible scenarios. We are sitting at two important KL’s (Key Levels) and we will be sitting out until we see a clear break. It might look like a mess, but it’s pretty simple.
Scenario 1: BUYS
We broke above 2640 . That would confirm continuation buys and we would have to keep our eye out on our next KL (Key Level) 2660 .
Scenario 2: SELLS
We broke below 2604 , and are now targeting breaks of 2590 and revisits of 2550 .
Personal opition:
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. Be extremely careful if we revisit 2660.
KEY NOTES
- XAUUSD breaking above 2640 would confirm buys.
- XAUUSD failing to break above 2660 would confirm sells.
- Breaks below 2604 would result in sells, down to 2590 and 2550.
Happy trading!
FxPocket
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last analysis on XAUUSD , gold rose from 2550 all the way up to our targeted 2700 Key Level . Right now we are trading at 2680s. What to look out for now? What’s next? We have two possible scenarios.
Scenario 1: BUYS
We broke above 2685 and trading above 2696 . That would confirm continuation buys and we would be targeting 2730 .
Scenario 2: SELLS
We failed to break above 2685 and are trading below it. That would confirm our sells and we would be targeting 2650-2640 .
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair.
KEY NOTES
- XAUUSD breaking above 2685 would confirm buys.
- XAUUSD failing to break above 2685 would confirm sells.
- Trading above 2696 would confirm our next target 2730.
Happy trading!
FxPocket
Ren/UsdtBINANCE:RENUSDT
REN is in a strong uptrend, with the key levels being $0.0620 - $0.0630 / 0.0874 for resistance and $0.5300 - $0.5000 for support. If the price respects these levels, there could be further upside potential in the market.
Reminder:
This analysis is based on current market conditions. Always be mindful of potential risks and manage your trades accordingly.
Gold Analysis: Navigating the Wild Swings in XAUUSDNot long ago, I used to discuss potential targets of 1,000 pips for OANDA:XAUUSD in my analyses, explaining why trading XAUUSD requires factoring in potential moves of 300–400 pips as part of a well-thought-out strategy, not 30-50 pips.
Fast forward to today, and the landscape has shifted dramatically. A 500-pip movement in a single day has become standard, while 600–800 pips—or even the occasional 1,000—are no longer rare occurrences.
But let’s set aside the preamble and dive straight into what we might expect from gold in the near future.
In my analysis yesterday, I suggested that a lower high, relative to the previous all-time high, might be forming. This led to the idea that selling into rallies after the normal correction of the Asian session drop could be a viable strategy, with an initial target around the 2650 level.
True to its newfound roller-coaster nature, gold once again surprised us by plunging far deeper than anticipated, hitting a low around the 2605 support zone. As outlined in the previous analysis, the short-term trend has now probably shifted to bearish, and a further decline towards the 2520 support level is not out of the question.
Key Levels and Trading Strategy
- Sell Rallies: Potential selling opportunities could emerge on rallies near 2640, with a stronger resistance level at 2660 providing an additional entry point.
- Interim Support: The 2590 zone could serve as a short-term target, while an extension towards the 2520 level presents an attractive setup for a swing trade.
Given the current market conditions and gold’s remarkable volatility, these levels are merely guidelines. In such an environment, adaptability and careful risk management are critical for navigating the market successfully.
Keep in mind, anything can happen in these market conditions—stay prepared!
USDJPY: Your Trading Plan Explained 🇺🇸🇯🇵
USDJPY is trading within a rising parallel channel on a daily.
The price is currently testing its support.
To buy the market with a confirmation,
watch carefully a bullish flag pattern on a 4H time frame.
A bullish breakout of its resistance and a 4H candle close above will
give you a strong bullish signal.
With a high probability, the price will keep rising then
and reach at least 155.3 level.
Alternatively, a bearish breakout of a channel's support on
a daily may push the prices lower.
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XRPUSDTXRP/USDT continues to show bullish strength with support from the technical structure and the main trend line. If there are no surprises from the market, the possibility of the price testing the 1.520 - 1.620 zone in the coming sessions is very high. Investors need to closely monitor the price reaction at the support and resistance zones to optimize their trading strategy.
Bitcoin: Approaching 100,000...Focus on 96,500Hello all dear friends!
Bitcoin is approaching a critical point as it nears the psychological resistance level at $100,000 within its ascending channel. The 4-hour chart clearly shows that BTC is gaining strength, supported by the EMA 34 and EMA 89, signaling a steady uptrend. However, the question remains: Will Bitcoin surpass this key level, or are we about to witness a pullback? Theoretically, this is still unclear… Personally, I recommend traders limit their trades as the price approaches this level and open positions only when there is a clear confirmation.
From a technical perspective, we can clearly see that the price is climbing smoothly in a sustainable uptrend toward $100,000. However, after the previous rally, it seems the price has missed significant liquidity zones… For this reason, I do not rule out the possibility that the price may approach the resistance level with the intention of establishing a new high before any reversal reaction occurs. That said, I would prioritize trades if the price breaks below the $96,500 support level, targeting take-profit levels sequentially at $93,300, $88,800, and $85,000.
BTCUSDT: Bullish momentum continues to buildBINANCE:BTCUSDT continues to hold its ground, trading with an uptrend as buyers look to push the price above a key resistance level. Currently, BTC is consolidating near $91,824, showing signs of accumulation within an ascending triangle pattern. This pattern is often considered a bullish signal, indicating a strong breakout.
The current market sentiment remains bullish, supported by institutional interest and macroeconomic factors, such as a weaker dollar and growing demand for cryptocurrencies as a hedge. The chart shows that Bitcoin could gain momentum, especially if buyers manage to break above the key resistance level of $93,300.
Traders should keep a close eye on the $93,300 resistance level. A confirmed breakout with high volume could provide an entry point for long positions, while traders remain conservative. However, with the price reacting to strong resistance, I do not rule out the possibility that the price could wait for a pullback to the $90,000-91,000 zone, form a trend line and rise.
Lingrid | SOLUSDT long from SUPPORT zoneThe price perfectly fulfilled my previous idea. It reached the target zone. BINANCE:SOLUSDT is currently forming a complex pullback from the resistance zone, while the overall market trend remains bullish creating higher highs and higher lows. This price action suggests a possible period of consolidation, similar to what we've seen in the recent moment. However, if the price rejects the support level and the channel border, we could see a continuation of the upward momentum. It’s also possible that the market may target liquidity below the equal lows, which often serves as a magnet for price action before a bullish move. My goal is resistance zone around 262.00
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Gold Awaiting the FOMCGold prices are experiencing a recovery after hitting a six-day low at $2,605, consolidating around $2,625. Market attention is focused on the November Fed meeting minutes, which could provide decisive signals regarding a possible rate cut in December, currently estimated at a 61% probability according to the CME FedWatch Tool. If the intraday support at $2,605 fails, prices could target $2,550. Conversely, a daily close above $2,670 would be necessary to reignite bullish momentum, with targets at $2,700 and $2,750. The fundamental context remains complex: Donald Trump's statements on new tariffs have reignited demand for safe-haven assets, including gold and the US dollar, while rebounding bond yields cap enthusiasm for the precious metal. Decreasing geopolitical tensions between Israel and Lebanon represent an additional headwind for gold, as they reduce the need for global risk hedging. Additionally, Trump's appointment of Scott Bessent as Treasury Secretary has reassured bond markets, strengthening the dollar and limiting gold's gains. Overall, gold prices are balanced between contrasting fundamental and technical forces, as traders await the Fed minutes for clearer direction.
The ceasefire between Israel and Hezbollah is the main pressureOn the Asian market on Tuesday (November 26), OANDA:XAUUSD Spot trading is still under pressure after yesterday's terrible plunge. Gold price is currently around 2,629 USD/ounce.
Hopes for a ceasefire between Israel and Hezbollah are turning the gold price outlook bearish, with gold prices set to test $2,600 an ounce.
On Monday, gold prices fell more than 3% on reports that Israel and Hezbollah were close to reaching a ceasefire agreement and that Trump nominated Bessant as US Treasury Secretary, reducing its appeal as a haven. Safe for gold.
Two senior Israeli officials and two US officials told Axios that Israel and Lebanon are close to reaching a ceasefire agreement to end the conflict between Israel and Hezbollah, US-based Axios reported on Monday.
According to the Israeli ambassador to the US, a ceasefire agreement between Israel and Hezbollah is very close. Authorities are expected to announce a 60-day ceasefire today (Tuesday).
Previously, gold prices increased more than 6% last week, due to escalating Russia-Ukraine tensions.
Britain's Reuters also reported today that US President Joe Biden and French President Emmanuel Macron are expected to soon announce a ceasefire between Hezbollah and Israel.
According to Reuters, the French presidential palace announced that discussions on a ceasefire had made significant progress.
In Jerusalem, a senior Israeli official said the Israeli cabinet would meet today (Tuesday) local time to approve a ceasefire agreement with Hezbollah.
Analysis of technical prospects for OANDA:XAUUSD
After yesterday's terrible price drop, gold is trying to recover from its original price point of 2,600 USD.
However, the recovery also encountered a lower limit from the 0.618% Fibonacci retracement level, followed by horizontal resistance at 2,644USD.
Technically, gold has conditions for a downtrend, with the price channel as the main trend, pressure from EMA21 along with the RSI pointing down, bringing activity below the 50 level.
In the short term, if gold fails to hold above $2,600, a new bearish cycle could be opened with a target level of around $2,538 once $2,600 is broken below. However, currently gold still has the ability to recover with a resistance target of around 2,634 USD in the short term, more than 2,644 USD.
During the day, the technical outlook leans to the downside with the following recovery levels.
Support: 2,606 – 2,600USD
Resistance: 2,634 – 2,644USD
SELL XAUUSD PRICE 2661 - 2659⚡️
↠↠ Stoploss 2665
→Take Profit 1 2654
↨
→Take Profit 2 2649
BUY XAUUSD PRICE 2579 - 2581⚡️
↠↠ Stoploss 2575
→Take Profit 1 2586
↨
→Take Profit 2 2591
SPX500USD Is Bearish! Short!
Here is our detailed technical review for SPX500USD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 5,994.0.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,864.5 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.
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GOLD Is Very Bullish! Buy!
Take a look at our analysis for GOLD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2,625.735.
The above observations make me that the market will inevitably achieve 2,672.574 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPAUD Will Fall! Short!
Here is our detailed technical review for GBPAUD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.934.
Considering the today's price action, probabilities will be high to see a movement to 1.928.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Gold: Shocking drop of nearly 100 USD/ounceThe world gold price today is listed on Kitco at $2,625/ounce, down $90/ounce compared to early this morning.
Gold prices fell sharply as investors took profits after a five-session rally to a three-week high last week.
Gold was also negatively affected after Donald Trump chose billionaire investor Scott Bessent as the US Treasury Secretary in the new administration. According to analysts, Scott Bessent will not be tough in the trade confrontation with China, causing political risks to cool down, which will be detrimental to gold prices.
Bitcoin faces downward pressure, can it bounce back?In the recent trading session, Bitcoin (BTC/USDT) is showing signs of strong selling pressure as the price fluctuates around $94,300. The technical chart on the 1-hour chart shows that the price is currently testing important support and resistance zones.
Bullish scenario:
If Bitcoin can break above the trigger zone at $95,200, it will signal a recovery, with a target towards the resistance zone from $98,500. This will require support from positive market sentiment and money flowing back into the crypto market.
Bearish scenario:
On the contrary, if Bitcoin breaks the strong support zone at $92,557, the downtrend may continue with a target of a deeper drop to the $88,700 zone. This will be an important price level to assess the selling momentum in the market.
PBI ready for a huge breakout to 12 and 16+This chart reflects a pivotal moment for PBI . A breakout above the $8.79 resistance and the downward trendline would be a strong bullish signal , with the potential to rally toward $9.92 and 12.11 and $16.06 in the mid-term. However, failure to break this level could result in consolidation or a retest of lower support zones. Monitoring volume and momentum indicators will be critical to confirm the breakout. W patterns are typically confirmed with a surge in volume as price breaks above the neckline. The W pattern sits within a falling wedge, meaning a breakout of the wedge would likely align with the W pattern's neckline breakout. This strengthens the bullish case.
There appears to be a "W pattern" (Double Bottom) forming within the larger falling wedge.
Characteristics of the W Pattern:
Two Distinct Bottoms:
The chart shows two prominent lows, one earlier and another more recent, which form the "legs" of the W. This indicates the price found strong support at similar levels.
Middle Resistance Level:
The middle peak between the two bottoms is near $8.79. A breakout above this level would confirm the W pattern, signaling bullish momentum.
Neckline Confirmation:
The neckline of this W pattern coincides with the $8.79 resistance level. If price breaks above this zone with volume, the pattern would complete, leading to an upward price move.
Target:
Target=Neckline+(Neckline−LowestBottom)
In this case:
Neckline = $8.79
Lowest Bottom = $5.47
Projected Target = $8.79 + ($8.79 - $5.47) ≈ $12.11.
ETHUSDT: Just One Step Away To $3800...Currently, I see the ETH/USDT pair showing clear bullish signals with the formation of the Cup and Handle pattern. The reason for this uptrend is after the price was rejected around the $3,280 support area and quickly rebounded approximately 0.5% on the day. This pattern – being one of the classic formations in technical analysis – often indicates a strong growth phase when the price breaks through a critical resistance zone.
For me, the $3,400 resistance zone is the key point (trigger) to activate the bullish trend. If the price can break and close above this zone, I believe ETH will quickly enter a strong breakout phase.
The target I am expecting after the trigger is activated is the $3,800 level – this is the price level that completes the Cup and Handle pattern, promising significant profits in the next bullish trend.