GOLD / REMAIN BELOW TURNING LEVEL AT 2,507$ - 4H XAUUSD / 4H TIME FRAME
The overall trend is downward , until trading below turning level at 2,507$ .
As mentioned yesterday, if prices remain below the pivot point at 2,507$, a decline towards 2,474$ is anticipated, which could yield a profit.
Currently, prices are again trading below 2,507$, with an expected range between 2,491$ and 2,507$. A break on either side will determine the direction. As long as prices stay below 2,507$, they are likely to revisit 2,474$ and 2,472$ . If these levels are broken and prices remain below, further declines toward 2,459$ are expected.
However, if the price breaks above 2,507$ and a 4-hour candle closes above this level, it suggests a potential rise toward 2,519$ .
KEY LEVELS :
TURNING LEVEL : 2,507$ .
RESISTANCE LEVELS : 2,519$ , 2,531$ .
SUPPORT LEVELS : 2,472$ , 2,459$ .
Supportandresistancezones
Silver SellXAGUSD has confirmed its sell mode and going to have a dive again we are having a counter trendline waiting upside which will be most probably rejected and the price will continue to move in its bearish direction ⬇️
Also the confluence is that price is moving under 50 SMA on 1 Hourly TF so we are over all according to our time frame so we will have a bearish trade based on price action confirmation
We are watching price closely before taking any other decision
USOIL / STILL CONTINUES A DOWNTREND - 4HUSOIL / 4H TIME FRAME
The overall trend is downward , until trading below turning level at 71.85 .
The significant decline in USOIL prices yesterday suggests a bearish momentum, which aligns with the observed price action falling below the critical level of 71.85. This indicates a continuation of the downward trend, making the next support level at 69.81 a logical target. If prices break this support, it would likely trigger further selling pressure, leading to declines toward 68.46 and 66.85, which are key levels of interest based on previous market behavior.
On the other hand, for a reversal to the upside, the price needs to break back above 71.85, which currently serves as a turning point. Breaching this level would signal a potential shift in market sentiment, opening the way to test the resistance at 74.24. If the price stabilizes above this resistance, it would reinforce the bullish case, paving the way for further gains toward 76.21 and eventually 77.51.
KEY LEVELS :
TURNING LEVEL : 71.85 .
RESISTANCE LEVELS : 74.24 , 76.21 , 77.51 .
SUPPORT LEVELS : 69.81 , 68.46 , 66.85 .
BTCUSDT / TRADING BELOW TURNING LEVEL - 4HBTCUSDT
HELLO TRADERS
The overall trend remains downward as long as trading stays below the turning level of 60.838 .
Currently, prices are below this level, suggesting a potential decline towards the first support level at 57.147 . If a 4-hour candle closes below this support, further declines are expected, targeting the second support level at 54.727 .
For prices to increase, the turning level must be broken and stabilized above, which could lead to a rise towards the first resistance level at 63.586 , and potentially further to 65.727 .
KEY LEVELS :
Turning Level : 60.838 .
Resistance Levels : 63.586 , 65.760
Support Levels : 57.147 , 54.727
The Coca-Cola Company. Just Coke it!Coca-Cola (KO) will likely post "solid" Q2 results next week as it benefits from "best in-class" organic growth, UBS said in an earnings preview emailed Tuesday.
The firm said it expected the company to book $0.79 in Q2 earnings per share.
UBS also expects the company to follow its recent historical pattern of increasing organic revenue and EPS growth guidance after it posts its Q2 results.
The firm said it expects Coca-Cola to achieve 8.9% in organic revenue growth, in line with consensus and at the high end of the company's guidance of 8% to 9%.
UBS added that it does not think the "bar has shifted" for the company in the context of a more challenged Q2 for rival PepsiCo (PEP) . Instead, the firm said that global beverage volume performance and pricing in North America were either in line or better than expected.
UBS has a buy rating on the company's stock with a price target of $74.
Consumer staples Go higher, break up 52-weeks highs
In fundamental terms, The Coca-Cola likely will be benefited by lower interest rates, while in technical terms it has just set new 52-weeks highs.
In long-term Coca-Cola shares follow above 5-years SMA for a 15th consecutive year in a row.
USDCHF out lookUs dollar vs swiss franc out look
Today it has made a beautiful move upwards now it seems like it will retouch its previous support level and then fly over to its Resistance level also the pair is having resistance over its 50 SMA over 1 Hourly TF
So we are bullish over USDCHF after getting support it will continue its bullish move
EURUSD bearish moveAs we have said in our last opinion based on our basic anylisis we are bullish over EURUSD but as market got opened price used to move again into bearish move and is moving now in its bearish position also the confluence is 50 SMA as the price is under this 50 SMA and yet not crossed above also it has broke its support level also it has retested that broken support level..
Buy GBP/CAD Triangle PatternThe GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.7740
Target Levels:
1st Resistance – 1.7794
2nd Resistance – 1.7820
Stop-Loss: To manage risk, place a stop-loss order below 1.7705. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
USOIL / TRADING BELOW FVG AREA - 4HUSOIL / 4H TIME FRAME
The overall trend is downward , until trading below FVG .
As long as prices stay below the turning level of 74.78, a decline is expected, potentially reaching the support level (1) at 73.03, and then 71.51.
However, if prices break above the turning level and close a 4-hour candle above it, the trend may shift upward, with potential to reach the resistance level at 76.18. Breaking this resistance could lead to further gains, targeting 77.52.
KEY LEVELS :
TURNING LEVEL : 74.78
RESISTANCE LEVELS : 76.18 , 77.52
SUPPORT LEVELS :73.03 , 71.51
XAUUSD / UNDER BEARISH PRESSURE - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
in the last chart reached full target .
Tendency , prices is under downward pressure , until trading below turning level at 2,509$
Downward Condition : With the price holding steady at the current turning level at 2,509$ , it is likely to decline towards the support level of 2,491$. If it stabilizes below this level, it could then reach the next target level of 2,474$ .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 2,509$ , leading to a rise toward the resistance level (1) at 2,519$ . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 2,526$ .
XAUUSD / buy above 2.509$
SL: 2,503$
TP: 2,516$
TP: 2,519$
TP:2,526$
XAUUSD / sell below 2,509$
SL : 2,512$
TP : 2,500$
TP : 2,491$
TP : 2,474$
USDJPY - UNDER BULLISH PRESSURE - 4HUSDJPY - 4H TIME FRAME
HELLO TRADERS
The general trend continues to be upward as long as trading remains above the turning level of 145.495 .
Currently, prices are above this threshold, indicating a possible rise towards the initial resistance level at 147.891. If a 4-hour candle closes above this resistance, further increases are anticipated, with the next target being the second resistance level at 150.800.
For a downward trend to develop, the turning level needs to be breached and maintained below. This could lead to a decline towards the first support level at 143.749, and possibly even lower to 141.832.
KEY LEVELS :
Turning Level : 145.495
Resistance Levels : 147.891 , 150.800
Support Levels : 143.749 , 141.832
EURUSD / UNDER DOWNWARD PRESSURE - 4HEURUSD / 4H TIME FRAME
HELLO TRADERS
in the last chart fit full target .
The overall trend remains downward as long as trading stays below the turning level of 1.108.
Currently, prices are below this level, suggesting a potential decline towards the first support level at 1.103. If a 4-hour candle closes below this support, further declines are expected, targeting the second support level at 1.099 .
For prices to increase, the turning level must be broken and stabilized above, which could lead to a rise towards the first resistance level at 1.113, and potentially further to 1.119 .
KEY LEVELS :
Turning Level : 1.108
Resistance Levels : 1.113 , 1.119
Support Levels : 1.103 , 1.099
XAGUSD / TRADING BELOW FVG - 4HXAGUSD / 4H TIME FRAME
The market trend is largely bearish, with the price staying below the turning level of 29.98, indicating a potential drop to the support level (1) at 28.11, and possibly further to the next target at 27.18. However, if the price breaks through the bounce level, it may shift upward toward the resistance level (1) at 29.51. To confirm a bullish trend, the price must break through this resistance and stabilize above it, aiming for 30.48 .
KEY LEVELS :
TURNING LEVEL : 29.98
RESISTANCE LEVELS : 29.51 , 30.48
SUPPORT LEVELS : 28.11 , 27.18
Buy GBP/NZD Descending TriangleThe GBP/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2.1057, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2.1167
2nd Support – 2.1231
Stop-Loss: To manage risk, place a stop-loss order below 2.0973. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.