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Gold--> Trade inside from channel boundaryOANDA:XAUUSD A slight increase from $2,650 after the breakout, this is generally due to political news, but the overall fundamental backdrop remains challenging. Today, liquidity is low due to the Thanksgiving holiday in the United States. Metal prices are affected by geopolitical risks, which remain high due to the Russia-Ukraine conflict. Additionally, the commitment of U.S. President-elect Donald Trump to impose tariffs on Canada and Mexico is also having an impact. "This has raised a bit more concern about the possible consequences from these two countries. So, that remains an important supporting factor for gold." In theory, any effort to push gold prices higher may be limited because Trump’s tax plan is also considered a potential driver of inflation, which could lead the U.S. Federal Reserve (Fed) to slow the process of cutting interest rates. Technically, gold is moving sideways, so we consider trading from the range boundaries. We focus on the local channel from H1 2660 - 2618 and the global channel from D1 at 2690 (2710) - 2605. Accordingly, at this time, gold is heading toward liquidity above. A false breakout of the main resistance zone and price consolidation in the selling area could lead to a price drop to the lower boundary of the sideways range.
OANDA:XAUUSDShort
by Bentradegold
TradeCityPro | EURCHF Analysis Rejection or Breakout?👋 Welcome to the TradeCityPro channel! Let’s analyze this forex pair in a simple way and set triggers and alerts to prepare for potential trades. 🌍 Fundamental Overview Euro (EUR): Backed by the ECB's cautious stance on inflation, though mixed economic data, like declining industrial output, limits its strength. Swiss Franc (CHF): Strong as a safe-haven currency, bolstered by geopolitical risks. The SNB maintains a hawkish monetary policy to ensure inflation stability. The monetary policy divergence between the ECB's mild tightening and the SNB's hawkish approach adds bearish pressure on EURCHF, favoring CHF during risk-off sentiment. ⏱ 4-Hour Timeframe The chart remains strongly bearish, with prices near historic lows, lacking significant support ahead. Fibonacci levels can help identify potential 4H supports. 📉 Short Position Trigger: After a rejection from the trendline, watch for a move towards the 0.92790 support. If 0.92790 breaks with momentum, short positions can target: 0.92440 - 0.92187 - 0.91866 📈 Long Position Trigger: While the chart shows bearish dominance, signs of trend weakness are emerging. However, long trades remain high risk in the current environment. potential long setup could occur after breaking the trendline and the 0.9335 resistance. For safer entries, wait for higher highs and higher lows to form, confirming a bullish shift before taking action. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Short
by tradecitypro
1
Coffee Is Getting ExpensiveCoffee is in a massive rally on tight Brazil crop fears and if we take a look at the weekly chart, we can see it trading impulsively higher with space for more gains until it fully completes a five-wave bullish cycle by Elliott wave theory, just watch out on short-term 4th wave pullbacks. Basic Impulsive Bullish Pattern shows that Coffee can be trading in subwave "iii" of 3 of (3) of a five-wave bullish impulse of different degrees, so more gains can be seen after short-term 4th wave pullback.
PEPPERSTONE:COFFEELong
by ew-forecast
TradeCityPro | LEVERUSDT Analysis Buyer Presence👋 Welcome to the TradeCityPro channel! Let’s dive into the analysis of another cryptocurrency and review our triggers before the movement begins. 🌍 Bitcoin's Market Overview Yesterday, we mentioned that a long position could be opened after breaking 94931, especially if Bitcoin's dominance was declining, favoring altcoins. After a pullback to 94931, the price is now approaching 96610, where breaking this level could provide another long position opportunity. If Bitcoin's dominance continues to fall, altcoins like LEVERUSDT could see further upward momentum. 📊 Weekly Timeframe LEVERUSDT is consolidating in a long-term range between 0.001123 and 0.003877, with a narrower short-term range between 0.001588 and 0.002317. Following rejection from the top of the range, the price didn't drop to the bottom of the box, finding support earlier. This indicates buying strength. breakout above 0.002317 could signal a risky buying opportunity with stop-loss levels at 0.001588 or 0.001123 for a medium-term hold. 📈 Daily Timeframe The price has been ranging between 0.001518 and 0.002405, repeatedly testing the upper resistance. The daily red candles rejecting resistance highlight its importance. A sharp breakout above this level could trigger a significant move. After breaking this resistance, buyers can enter. If missed, confirmation through RSI breaking 70.13 and rising volume could provide additional confidence. ⏱ 4-Hour Timeframe The price has shown strong movement toward the range's upper resistance, suggesting this coin might present trading opportunities this week. For long positions, wait for a breakout above 0.002405, coupled with RSI entering overbought territory and breaking 70.13 for confirmation. Avoid looking for short positions as the trend appears bullish. Instead, focus on potential entries at lower levels. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
3
XAU/USD : Bull or Bear? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we can observe that yesterday, following the announcement of a potential ceasefire between Lebanon and Israel, gold experienced a significant drop, correcting by over 800 pips down to $2,605. This sharp decline created a major liquidity gap, which I anticipate will likely be filled as prices recover soon. Additionally, today we have the critical CB Consumer Confidence data release, which could significantly impact the market and trigger high volatility. Be cautious with your trades and manage your risk effectively! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
99
Bitcoin stall continues but will we see another push at 100K?Hi, Trading View community. Thanks for reviewing today's update. We have also examined Bitcoin. It's been a while since our last broker update, but we could not ignore the amazing gains that crypto has been seeing lately. Today, we examined Bitcoin's lead-up and break-out and a few scenarios based on off-price hitting different levels. Another factor we have looked at is a new record touch and whether that could lead to heavier selling, as we saw back in the COVID rally. What do you think? Will we see 100K before Christmas? Or do we need a deeper pullback/correction before we see a rally break into the 100K area? Good trading from Eightcap
EIGHTCAP:BTCUSD
by Eightcap
ASIANPAINT : Going Long for about 1.25% of the net capitalTook a position in the scrip, allocating about 1.25% of the net capital. I am expecting a potential upside of around 38% to the upper trendline of the channel that has formed. I will consider adding to the position if the price falls approximately 23% from the current level and touches the longer timeframe trendline, which is a significant support level for the scrip. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:ASIANPAINTLong
by Sniper-Traders
BTCUSDT Technical Analysis OverviewHi guys, Ascending Channel and Breakout: The chart shows a long-term ascending channel that guided price action for several months. Recently, Bitcoin broke out of this channel, signaling a strong shift in bullish momentum. The breakout was accompanied by significant volume, confirming the strength of the move. Fibonacci Levels and Pullback Zone: After the breakout, the price retraced slightly and is now hovering around the 0.618 Fibonacci retracement level ($87,208) and the 0.5 level ($83,322). This area is critical, as it coincides with a Fair Value Gap (FVG)—a liquidity zone where buyers are likely to step in. EMA 34 and EMA 89 Support: Both EMA 34 and EMA 89 are acting as dynamic support levels, and their upward slope reinforces the bullish structure. This alignment confirms that the current pullback is part of a healthy correction in a broader uptrend. Liquidity Grab Potential: The highlighted liquidity zone suggests that price may temporarily dip to attract more buyers. A test of this zone could serve as a springboard for the next upward leg. Upside Targets: Using Fibonacci extensions, my first target aligns with the 1.0 level ($99,787), followed by 1.272 ($108,744) and 1.618 ($120,138). These levels represent logical points where profit-taking could occur in the next bullish wave. Price Action Scenario: Based on the chart, I anticipate a potential bounce from the liquidity zone and FVG, leading to a continuation of the bullish trend. However, a failure to hold the $83,322 level could invalidate this setup and shift focus back to lower support zones. Conclusion: The technicals suggest that Bitcoin remains bullish as long as the key support at $83,322 holds. I'm closely watching price action in the FVG zone for signs of buying pressure before targeting higher levels at $99,787 and beyond. Patience is key, as the market digests the breakout and prepares for its next major move.
Long
by tradingsmithaltcoin
6
GOLD → Controversial fundamental background. What's next?OANDA:XAUUSD capitalizing on the weakening of the US dollar and heading towards the areas of interest and liquidity at 2635 - 2639. But! There are signs that a flag pattern is forming. Theoretically, any attempt for gold prices to rise could be limited. PCE, GDP, and the resistance ahead... Meanwhile, sellers pause slightly amid concerns about trade wars, geopolitical risks, expectations that the Fed will cut rates by another 25 basis points in December, recently declining US bond yields, and the USD falling overnight to a two-week low. However, ahead of the upcoming macroeconomic news from the US, namely PCE and GDP, after a relatively quiet news week, volatility is likely to be unpredictable. The question now is whether the downward momentum will continue as the price reacts to a critical support zone. Technically, gold remains range-bound and is heading towards areas of interest from which a retracement could form. But this reaction also partly depends on the news.... The focus is on the imbalance zone, fibo 0.618 and fibo 0.5. Due to the controversial technical and fundamental background, the gold price may close inside a wide channel, which allows us to use its boundaries for trading. We are watching the resistance with a sell target for further downside
OANDA:XAUUSDShort
by Bentradegold
XAU USD - current sells in play, looking for buying ops Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video - please listen again incase any detail is missed. Do you enjoy the setups? Professional analyst with 8+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIV
FOREXCOM:XAUUSD
by LupaCapital
Technical analysis of XAUUSD chartDear friends, it's Ben here! Flag Pattern: The chart showcases a well-formed flag pattern, a classic bearish continuation signal. Target Projection: Using the height of the previous wave 3 of the flagpole, the pattern's target is forecasted to be around $2,553. Fibonacci Levels: The price is at a level corresponding to the 0.618 Fibonacci retracement at $2,637, a strong bearish signal, with the next resistance near $2,647 (0.5 Fibonacci retracement). Breakout Confirmation: A breakout from the flag will confirm the bearish momentum. Trend Outlook: A macro bearish trend is indicated, supported by resistance rooted in fundamental factors... Consider, share your opinions and questions, discuss what is happening with OANDA:XAUUSD
OANDA:XAUUSDShort
by Bentradegold
1
EURUSD: Corrects After False Breakout Before Continuing DownwardFX:EURUSD rising higher based on the correlated reaction with the dollar. The currency pair is likely to test the local highs. But! Since there is scheduled news today, you must be extremely cautious... The fundamental background remains overall very negative since Trump’s victory. Additionally, the local downtrend is not yet over, thus providing us with the main trend to follow in our trading decisions. From a technical perspective, as a false support breakout is forming on the chart, we should wait for a retest of the resistance areas to consider further selling attempts aimed at pushing the price lower. Short-term levels to watch: Resistance levels: 1.051, 1.065, 1.076 Support levels: 1.051, 1.044, 1.033 If the bears behave aggressively on the back of the news, the price will likely continue to decline from these areas.
Short
by Bentradegold
TradeCityPro | AUDUSD Analysis Preparing for Movement👋 Welcome to the TradeCityPro channel! Let’s examine the key triggers for AUDUSD, which appears poised for an interesting move. 🌍 Fundamental Overview: Supported by stable commodity prices, especially iron ore, a key driver of Australia's economy. Recent Reserve Bank of Australia (RBA) comments suggest a balanced stance with no immediate rate hikes. Bolstered by strong economic data and expectations of prolonged higher interest rates by the Federal Reserve. Mixed global risk sentiment keeps the USD favored as a safe-haven currency. ⏱ 4-Hour Timeframe AUDUSD has been in a long-term downtrend, losing multiple supports and forming successive lower highs and lows. However, the price has recently stabilized, ranging between 0.64501 and 0.65412. 📉 Short Position Trigger: After breaking the 0.64501 support, initiate a short trade targeting 0.62910. 📈 Long Position Trigger: In case of a false breakdown of the support or prolonged consolidation within the range, open a riskier long trade above 0.65412 , Safer long entries can be considered once higher highs and lows are confirmed. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
2
GBPCAD : Trendline Break and Key Levels👋 Welcome to TradeCityPro! In this analysis, I will examine the GBPCAD currency pair from the Forex market. The analysis is conducted on the daily timeframe. 📅 Daily Timeframe: Trendline Break In the daily timeframe, we observe an uptrend that began after breaking the 1.72778 level, accompanied by an ascending trendline, which pushed the price up to the 1.80922 resistance level. 🧲 After reaching this resistance and experiencing a significant divergence in the RSI, a deep correction occurred. This was marked by the break of the ascending trendline and the activation of the divergence trigger, which has brought the price down to approximately the 1.74497 support level. 📐 The RSI has formed a symmetrical triangle, which has broken downward. Following this, it bounced back from the 30 support level and moved up to the 50 level. 📈 If the RSI stabilizes above 50 and the price consolidates above 1.78076, we can anticipate the next upward leg. In the event of breaking the 1.80922 resistance, the next target will be 1.90188. 📉In the bearish scenario, if the price drops to the 1.72778 support level, the bullish momentum will completely dissipate. Should this support level break, the next targets will be 1.67659 and 1.63796. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
1