Get started

Technical-analysis

GOLD ready to push for 2140 and the 618 extension?Gold has recently broken out of a bearish channel has retraced back to the 382 fib level. This predicts that price will head towards the 618 extension located at the 2140 region highlighted. Price reacted nicely within the buy zone between 382-618 levels and is not poised to push higher. BULLS PLAN: - Buy dips at support and wait for role reversals - Use lower time frames to enter into long positions and keep stop loss at sensible levels BEARS PLAN: - Wait for resistance levels and look for key data releases
OANDA:XAUUSDLong
by Youza
Resistance above the next challenger for GOLDGold broke out of a recent uptrend to form a correction through positive US data and peace strategies in Gaza. Price now finds itself hovering around 1990 with a level of resistance above in the region of 1991-1993. Price on the 4hour has also pushed lower to push off the 50/55 moving averages, prompting a possible double top on the cards. BULLS PLAN: - Push through this key level of resistance above and kick off a role reversal (change of character) to test highs int he 2010 region - Watch for entries when this level is broken as currently price is too high currently to enter longs ad price moves into resistance. HIGH RISK BEARS PLAN: - Wait for price to reach the resistance level above around 1991-1993 and look for rejection candles - Lower time frame charts (1m/5m/15m) for price action entry (double tops/lower lows) - Targets medium to long term will be 1950 region
OANDA:XAUUSD
by Youza
Gold xauusd intraday signal 11-10-23R3 LRS 1878 Supply Area - R2 MRS 1863 - R1 HRS 1848 SNR S1 HRB 1848 SNR - S2 MRB 1843 Demand Area - S3 LRB 1833 Demand Area D1 On Resistance Sma44 – MACRO FIBO MN38.2% /1903 W1 On Support Sma200 / 1814 MN On Support Sma44 / 1827 MN On Support MACRO FIBO MN 50.0% / 1848 SELL> 1963 - 1878 BUY> 1843 - 1833 OBSERVATIONS: We just entered the upper block 1853-1903. The virtual resistance at 1863 did its work to profit us. Secondly, Look how Sma44 intercepted the price and took it to our tp level. There is no change in plan, we wait for the price to test either of SMC supply or demand area. However if again Sma44 intercepted the price within Fibo levels and any other indicator signals a buy then we may enter at that support area. Remember, our working for Intraday is just to pick 50pips for instance and then take our chance on second lot for some more pips. There is no need to show positions in larger time frames today as they have remained same. There is also a high impact 3Star news today that can take the price to our targeted area. So we are not in hurry and we wait with discipline and patience to get our pennies.
TVC:GOLD
by wajidalikhan2123
EURUSD : "STRONG BULLISH MOMENTUM"Increase in price, EURUSD will return to resistance of 1.09428, however sustained break of 1.06465 - "support" will have a bearish implication, however, price is currently holding at current support and showing some bullish momentum below , the price is predicted to rise, when we look at the overall movement, we can actually see that the EURUSD is moving in a falling market channel, which indicates a fall in prices, however, the breakout of the main resistance will further confirm our buys.
Long
by FKW-Millions
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!Few weeks have passed since I did my last Weekend Technical Analysis Fiesta. Seeing how the market finally saw some volatility, it's a perfect moment to do another. My short-term view on the markets BTC has fallen through the main bullish support which held the upward trend going all year. Considering we're coming out of a very long period of low volatility and the fact that stocks are falling, I'm anticipating more bearish price action. 20k is my next target. In the long-term, DCA'ing below 20k looks like a great strategy to me, especially alts. 🎉CRYPTO FIESTA🎉 Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend! Give this analysis a like if you enjoy the content
INDEX:BTCUSDShort
by FieryTrading
100
EUR USD ideaHey there, groovy Monday crew! 🌞🏄‍♂️ Time to dive headfirst into this market madness. You know the drill - Monday kicks off with its classic quick manipulation, just a tease before the real show starts on the Dollar Index (DXY). Smooth moves with dxy leading to that picture-perfect setup on EURUSD down to hell of course🚀 Now, let's chat about these levels, dude. We've got more of 'em than seashells on the beach, and a whole bunch lurking beneath the surface. Here's the plan: let's keep a close watch on how Monday wraps up. Patience is our jam with the longs - no need for a gazillion stop losses, you know what I'm saying? And guess what? The dollar could totally pull a surprise move and decide to hang in that bullish zone out of the blue. So stay cool, and let's ride this wave while we wait for the market to reveal its next move. 🌊🤙
by themarketknight
2
GBP USD ideaAh, my esteemed colleagues of the financial surf, behold the captivating dance of the GU pair! We find ourselves gracefully navigating the oscillations between bullish and bearish distributions, like a true surfer riding the ever-changing waves of the market. With hopeful hearts, we yearn for a resounding rejection from the bullish domain while carefully gauging the dollar dxy's vulnerability amidst the impending news releases this week. Yet, my fellow surfers, let us never forget the paramount importance of structure in this grand financial ocean. Patiently, we shall read its subtle nuances, seeking clarity and wisdom in each crest and trough. Day by day, we embark on this intrepid journey, allowing the currents of the market to guide our steps. For in the pursuit of success, diligence and attentiveness become our trusty companions.
Long
by themarketknight
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!My short-term view on the markets: Bitcoin is looking bullish long-term. However, with the failure of breaking through 31,000 it becomes more likely for BTC to fall. The bottom dotted support line must hold to keep the long-term bullish trend intact. 🎉CRYPTO FIESTA🎉 Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend! Give this analysis a like if you enjoy the content
Long
by FieryTrading
120
Finding Bottoms Using Monthly Inside Candles: SNOWThis past year, I shared many bottoms on names on my weekly WLs based on bottoming consolidation structures, mentioning a specific strategy as a reasoning for the trades. Aside from understanding price action, I used a simple method: Monthly inside candles/bars. ---------------------------------------------- What is an inside candle/bar? Inside candles trade “inside” its previous candle. The previous candle’s high and low can be used as resistance and support, respectively. Your trade execution comes on a break & hold above/below the range. Here are a few examples of this: pbs.twimg.com ---------------------------------------------- NYSE:SNOW This has traded within it’s May ‘22 inside range for over a year. This has been one of my top watches earlier this year. The range provides a macro resistance/support of $187.23 and $112.10, respectively. These levels can now be used as targets for your trades. How do I execute on this? Zoom into LTFs to find swing opportunities. In my 1/23/23 weekly watchlist, I provided NYSE:SNOW based on a previous bull div + key support/demand being held (red box). pbs.twimg.com All swing contracts provided on the WL printed, while NYSE:SNOW saw a massive upside move from $140 into $178.70 within 2 weeks. You’ll also notice my invalidation for this was $133.10 while the low was $134.34. This invalidation was based on a breakdown of the range low. Now once again, on 3/31/2023 I mentioned NYSE:SNOW as a potential high R:R trade. Based on the exact same reasoning as my January WL. Once again, NYSE:SNOW was able to hold its demand zone with a macro target of the monthly inside candle resistance. NYSE:SNOW The same exact entry & same exact analysis now provided a recent move into my $187.23 target. First move providing a 33% move, second providing a 42% move. This is how you take advantage of macro inside ranges (specifically monthly candles in these examples). pbs.twimg.com
NYSE:SNOWEducation
by DKingTrades
Bullish Outlook: A Long Position on XAUUSDIn today's volatile market, an opportunity has emerged that demands attention. With a thorough analysis of the XAUUSD pair, it becomes evident that a long position is favorable. The following factors support this bullish stance and pave the way for potential gains. Safe-Haven Appeal: Gold, represented by XAU, has long been revered as a safe-haven asset during times of economic uncertainty. Amidst geopolitical tensions and potential market corrections, investors seek refuge in this precious metal, driving its price higher. Inflation Concerns: Persisting concerns over rising inflationary pressures have prompted central banks to maintain loose monetary policies, thereby weakening fiat currencies. Gold has historically been an effective hedge against inflation, making XAUUSD an attractive choice for traders looking to protect their wealth. Technical Analysis: Careful examination of the XAUUSD pair reveals an encouraging technical setup. Bullish chart patterns, such as a breakout from a key resistance level or a golden cross formation, suggest upward momentum and the potential for sustained price appreciation. Conclusion: With the backdrop of ongoing economic uncertainties and inflationary worries, it is prudent to consider a long position on the XAUUSD pair. The combination of gold's safe-haven appeal and the positive technical outlook creates a compelling case for traders seeking profitable opportunities. However, it is crucial to implement appropriate risk management strategies and closely monitor market developments to maximize the potential gains.
OANDA:XAUUSDLong
by DalitsoTembo
Oracle Rebound & technical analysis According to this chart we are riding the 8 and 20 day. Price bounced off of the 50 after the earnings sell off and broke out from a double bottom. If this plays out in a perfect world this will blow past 127 from the news run up. Not to mention everything AI is running and we are currently in an AI baby bubble. I would trade this carefully since it is making new highs and can fall from a sell off and profit taking. Let’s see how high this goes. Congrats if you were like me and bought around 115 after the earnings sell off. Trade Responsibly. #TradeTheWave
NYSE:ORCL
by FinesseTheWave
3