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XAUUSD Retracement 04.03.2024Gold experienced quite unusual high volatility and movement to the upside. The question is, will the resistance 2088 USD/oz hold this week, causing the price to drop? The retracement as depicted is a possibility. Even more if the 2080 USD/oz level is breached. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350).
FXOPEN:XAUUSDShort
by Stuart_Cowell
1
Shiba Inu Technical Analysis: Consolidation or Breakout?Current Situation: Shiba Inu has entered an accumulation zone, indicating a period of consolidation where buyers and sellers are reaching an equilibrium. Despite facing resistance just above this zone, Shiba has managed to regain some of its strength. The price is currently hovering around its 10-day moving average, a key technical indicator. Potential Moves: Breaking above the Trendline (TT Line): This could lead to a downward channel breakout, potentially lowering the price range. ⬇️ Breaking above the MACD Signal Line (Green Line): This could signal a bullish breakout, leading to a potential price increase. ⬆️ Breaking below the RSI Support Line (Blue Line): This could indicate a loss of momentum, potentially leading to a price decline. ⬇️ Additional Observations: Rising Trading Volume: The recent increase in trading volume suggests heightened volatility in the near future. Potential for Uptrend: Based on the rising volume, there's a chance for Shiba to climb toward the next weekly resistance level if it moves. Overall: From a technical analysis standpoint, Shiba Inu is currently in a consolidation phase. The direction of the price will depend on whether it breaks above or below key technical levels like the TT Line, MACD Signal Line, and RSI Support Line. The increased trading volume suggests a potential for significant price movement in the coming days. This analysis is for informational purposes only and should not be considered investment advice. Please conduct your own due diligence before making any investment decisions
Long
by solinash1
2
META - Lots of room to move! Don't miss your chance againMETA is showing some extremely bullish signs and at the very least you can see that from all the bullish volume stepping in yesterday at the bottom of our orange range. That is confirmation for me that if we activate orange strong buying (which we did), we can expect a retest and soon breakout of this orange very tapered buying channel. Lots of profits to be made here - look for an opportunity with a retest and some structure to grab all the left shoulder liquidity we've built for this move up. See you at market open! Happy Trading :)
NASDAQ:METALong
by ReigningTrades
1
META - How I caught the entirety of today's 8 point move!We discussed this to look out for in last night's video analysis on META (please watch that video linked below if you haven't so you can start to see what I'm seeing!!). So much profit was to be made today on this stock from the initial rejection of green (knowing we needed to build more liquidity) down to the retest of teal and support from orange tapered buying (the bottom of our recent range). Stay tuned for more analysis so that you can learn this skill! It's incredible what we can do in the market once we start to see these algorithms at work! Hope you all had a great day as well and looking forward to another profitable trading day tomorrow! Happy Trading :)
NASDAQ:METALong
by ReigningTrades
KSS - Update to my breakout video - We are already seeing it!Update here to my previous KSS video titled "KSS - Primed for a breakout!" Go and watch that if you haven't to understand why i've been preparing for this. This is all happening prior to earnings release in a few weeks and with a ton of buying volume coming in, I am very happy to see it! My projection is a retest of our daily tapered purple channel (which has been resistance for a long time now) and, utilizing all the liquidity that's been built up, breaking out with strong earnings. Obviously fundamentals and bad earnings can cause any TA to be void - but TA wise, this is one of my most confident positions. Look forward to seeing you all on my livestream at market open today! Happy Trading :)
NYSE:KSSLong
by ReigningTrades
DVN - Live analysis and why we could see a reversal soonSomeone asked me for my thoughts on DVN and I thought it would be a good opportunity to do a live analysis of how I get my charts to look the way they do (messy). The further you go down in timeframe, the more algorithms you start to see and create. But here is an initial Daily bias to go on - and look to see some of these long-term selling channels broken in order to see a larger move and sustained uptrend. Happy Trading :)
NYSE:DVN
by ReigningTrades
3
ARKM/USDT Confirmed breakout for Long entryBINANCE:ARKMUSDT The 1D chart clearly shows that ARKMUSDT has closed above the bullish candlestick breack the current breack trendline. Often the price can come back to retest the trendline. Otherwise it may go higher till 0.9000$. ARKMUSDT LONG Leverage: 3x Entries: $0.6048 Take profit 1: $0.6402 Take profit 2: $0.6998 Take profit 3: $0.9006 Stop Loss: $0.4785 Stay tuned for trade confirmation and additional updates. Feel free to express your thoughts by liking and sharing in the comments section:) Thanks The sroced.
Long
by srocedtrading
XAU - Are we about to break a 4-year resistance point?! Next stop could potentially be.. the moon? Not sure if it's beginners luck or I have the magic touch - but are we about to see the first breakout of this blue horizontal channel going back to 2020?! This is my first time analyzing and really even looking at a chart of Gold and I'm psyched! I'd be honored to be a part of this breakout. Special shout out to our friend Mohibullahstudent who, during my live stream today, persistently requested I cover Gold and though I was busy trading equities in a fast paced market, I did "promise" him I would do an analysis of Gold later on.. so this one's for you! Now that I'm officially a "gold trader" I will continue to analyze this PA as it develops and especially if are able to break out of our teal controlled selling and retest the upper channel to continue to shake out sellers for the all important breakout. Thanks to everyone who joined the live stream today, we had a lot of fun, and hope to see you all again tomorrow at 9:30 AM for another live stream where we will be trading and analyzing charts together. Happy Trading :)
CITYINDEX:XAUUSDLong
by ReigningTrades
1