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💡 GBPUSD: Forecast January 3GBPUSD continued to fall sharply in the past session, it broke the lower border of the rising price channel and approached the important support zone of 1.26. This is considered the last stop for the buyers because if it is broken, the double top reversal pattern will be confirmed and the bullish structure will also be broken, then it is likely that the price will extend its downward momentum to 1.24. If you still have a buying position, you should consider exiting early or placing SL below this 1.26 level.
Long
by Stone_Haven
2
💡 XAUUSD: Signal for the first day of the yearHAPPY NEW YEAR - 2024 Hope you have a wonderful new year ANALYSIS GOLD TODAY: Gold had its second consecutive day of decline, creating a price bar in the form of a bearish pinbar model, with a long upper shadow and closing close to the bottom, thereby reflecting the above blocking selling force. Gold continues to be blocked around the previous peak. At this time, the price is moving sideways in an overview that is more inclined towards price increases. The downtrend structure is maintained in H1 gold as the price creates a new low. There is currently a rebound and touching the old PPZ again. Observing the price behavior around this PPZ, we can see that the price is being blocked. You can wait for the push back down and then rebound to retest to sell. In case the price is pushed up further, you can wait to sell at the strong PPZ above.
OANDA:XAUUSDShort
by Stone_Haven
HelenP. I Gold can rebound up from support zone to $2090Hi folks today I'm prepared for you XAUUSD analytics. If we look at the chart, we can see how the price a few days ago declined from support 2, which coincided with the support zone to the trend line. After this movement, the price rebounded from this line and made impulse up back to support 2 and soon broke this level. Also, Gold started to trades in a wedge, where it rose to the resistance line, but in a short time made a correction back to support 2. After this movement, the price rebounded from this level and continued to move up to support 1, which coincided with one more support zone. When XAU reached this level, it first made little correction and then rebounded higher than support 1, thereby breaking it. Next, the price rose to the resistance line of the wedge, but a not long time ago it rebounded back to the trend line and also soon broke it, exiting from the wedge too. Now Gold trades near the support zone and I expect that the price can decline to this zone, where it will reach the support level, after which Gold rebound and start to move up. That's why I set my target at the 2090 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
2
💡 XAUUSD: Break the uptrendBreaching the important 2080 barrier in the first half of the session, however, the buyers could not maintain their buying power, the price fell sharply again and created a railroad candlestick pattern on the daily. Recent price behavior shows the possibility that buyers are exhausted and unable to return inside the up channel, so there may be a downward adjustment in the short term. However, the bearish signal is still not really convincing. Please be careful if you want to sell now.
OANDA:XAUUSDShort
by Stone_Haven
Awaiting Bullish Gartley Pattern after Bearish Shark SetupNZDUSD showcases a compelling combo trading setup - a Bearish Shark Pattern visible on the weekly and daily charts. This combination suggests potential movement in the market. My approach involves waiting patiently for the market to shape a Bullish Gartley Pattern on the 1-hourly chart. This setup offers a more favorable Profit Factor, enhancing the trade's potential. What are your thoughts or trade plans regarding NZDUSD? Share your insights below!
Short
by RaynLim
Bitcoin AnalysisSo many ways you can look at Bitcoin and all say the same thing. My goal is to highlight the different perspectives in the market Crypto. 1. Eaglizer Strat Daily: Price needs to reclaim 8 EMA (white moving average) for upside. 2. Range: Price needs to reclaim the Median level (white dotted line) for more upside. 3. Trendline: Price needs to reclaim the Trendline (yellow) on for upside. In summary we're at an area that will determine if we are going to reclaim and continue higher or go down for a correction.
BINANCE:BTCUSD
by Eaglizer
1
Essential Overview of Current Gold Market TrendsGold prices are finding demand in the last trading session of the year during the Asian market, amidst cautiously optimistic market sentiment and the recent weakness of the US dollar. Investors are gearing up for the year-end flow and refraining from placing any new directional bets on gold prices, keeping the precious metal in a consolidating phase around $2,070. In the coming days, risk sentiment, USD movements, and profit-taking actions could significantly impact gold prices as traders shift to the sidelines ahead of the extended Lunar New Year weekend. On Thursday, gold prices experienced two-way trading activity, initially making a fresh three-week high before stabilizing below the $2,070 level. In the first half of the day, gold benefited from the prolonged weakness of the US dollar and subdued yields on US Treasury bonds, as strong US bond auctions and the Federal Reserve's mild interest rate hike expectations supported the metal. However, the US dollar made a robust recovery from its yearly lows against its major counterparts, aided by the modest increase in US Treasury bond yields. Traders employed profit-taking measures against shorting the US dollar in thinner liquidity conditions on Friday. Investors shrugged off mixed economic data from the US, allowing the US dollar to breathe a sigh of relief. The pending home sales index in the US, a forward-looking indicator based on signed contracts rather than closings, declined by 5.2% compared to a year ago, as reported by the National Association of Realtors. Meanwhile, the US Department of Labor revealed that state unemployment claims increased by 12,000 in the previous week to 218,000. In summary, the gold market is witnessing fluctuations driven by varying factors such as USD movements, risk sentiment, and economic data. As the year comes to a close, investors remain watchful, and the gold prices may experience further adjustments in response to changing market dynamics. Wishing you a happy new year Best regards !
FOREXCOM:XAUUSD
by sokiabradleydoyle30ko8vw
ANOTHER USDJPY SHORT- MONEY PRINTER IS LOADING AGAIN !We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs. Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK! This is looking like a very yummy short! Follow and Stay tuned my friends ;)
Short
by RomanaTrades
Cardano's Road to $1Cardano's BINANCE:ADAUSD Road to $1 ADA had a massive bullish run from $0.25 to a High of $0.68 (Approx. 150% Gain). Cardano is currently consolidating and building a base at the $0.60 price level. ADA has significant resistance at the $0.66 to $0.68 range and has to break in order to move to the next levels ($0.8 and $1). There was a typical liquidity grab on the 26th December, which liquidated late longs and gave the big players a perfect well timed entry. Based on our technical analysis, we believe CRYPTO:ADAUSD is set to teleport to the $1 Mark. Technical Analysis: 1) Consolidating in an ascending triangle technical pattern 2) Bullish Volume is entering 3) ADA/BTC has flipped bullish as well 4) TraderMagz ATR God still in a Bullish Trend 5) Momentum, On balance volume and Commodity channel index 4 hour Divergences 6) Weekly Stochastic Money flow in Strength Price Targets/ Trade Setup: Entry : between $0.60 and $0.66 Stop-loss : $0.55 Conservative, $0.5074 Take profit 1: $0.80 Take profit 2: $1 phycological level Take profit 3: $1.12 - 0.618 Fib Level
Long
by TraderMagz
2
💡 XAUUSD: Forecast December 28Gold hit the support zone around 2060 and rebounded strongly according to our analysis yesterday. Those who trade in low time frames can find good entry points with gold. It can be seen that the price increased quite strongly, it has found the resistance area around 2080 and the target of this price increase may be the peak of the daily frame, so if you trade in the short term, we can go. according to the current uptrend of gold. Currently, gold is still on the rise so we will mainly trade in low time frames. The support area around 2070 is an area where we can buy up if the price returns and forms a signal for us.
OANDA:XAUUSDLong
by Stone_Haven
💡 XAUUSD: Forecast December 27Gold had another day of price increase yesterday, the third consecutive day of price increase. But yesterday's D1 bar was inside the previous D1 bar, creating an inside bar pattern, showing cumulative price compression. The D1 gold chart structure is moving sideways, with the main price increasing. Above gold is the old all-time peak zone around 2075. The most recent attempt to surpass this zone was blocked on the same day, so gold may face a slowdown. H1: H1 gold's upward momentum has stalled because the price did not create a new peak. The gold H1 chart structure has now turned sideways in the price range. Because above is the all-time highest resistance, H1 gold should not be chased at this time, but can wait to buy if there is a downward correction to the support areas below.
OANDA:XAUUSDLong
by Stone_Haven
EUR/USD Holds Above 1.1100, Eyes US Employment Data EUR/USD extends its upward momentum beyond the psychological level of 1.1100 during the Asian session on Thursday. The US dollar's overall weakness provides some support for the major currency pair, despite the rebound in US Treasury bond yields. Attention is now focused on mid-range US employment data. EUR/USD has confirmed the breakthrough above 1.1000 and quickly reached the 1.1100 mark. The pair peaked at 1.1122 before retracing modestly. The upward trend persists, although technical indicators are overbought across most timeframes. The trend remains strong and resilient, though some consolidation seems likely. On the 4-hour chart, the trend is bullish. However, technical signals suggest some accumulation may occur ahead of the Asian trading session, potentially ranging between 1.1110 and 1.1080. The 1.1050 region has become a relevant support area, followed by the 20-period Simple Moving Average (SMA) at 1.1030. Below 1.0980, the short-term trend may turn neutral. Corrections could be viewed as buying opportunities, keeping downsides limited.
by Larissa-Trader
Gold's Robust PerformanceForecast and Analysis of Gold Prices Today: During the Christmas holiday season, the gold price ("XAU/USD") is expected to maintain its upward trend, supported by the latest analysis. The overall bullish trend remains strong, with stability above the psychological resistance level of $2,000 per ounce and ongoing support from the weakening US dollar. From a technical standpoint, key resistance levels for gold are currently $2,055, $2,070, and $2,085. These levels have already pushed technical indicators into overbought territory, indicating the possibility of profit-taking sales at any time. In summary, the gold market shows resilience, driven by a strong bullish trend and continued weakness in the US dollar. While profit-taking may be on the horizon based on technical indicators, the overall outlook for gold remains positive.
FOREXCOM:XAUUSD
by Larissa-Trader
CANNOT WAIT TO SHORT USDJPY AGAIN! GET THE MONEY PRINTER READYWe are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs. Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK! This is looking like a very yummy short! Follow and Stay tuned my friends ;)
Short
by RomanaTrades
GBPJPY BEARISH SENARIOGBPJPY is on a very crucial situation as o n high time frame supports to us there is a bearish order flow after few months to come. According to my view on GBPJPY the pair is likely to drop because the double rejection on the resistance trend line level is clear since price moves in waves to hunt for liquidity or unmitigated areas left by the MARKET MAKERS for rebalance an momentum refine and price reversals to its own direction. PLEASE COMMENT FOR ANY VIEW.
Short
by UnknownUnicorn35651725
1