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Gold Trading Signal!!Resistance at $2,654 and the impact of a strong dollar add to the downside of gold On the hourly chart of gold, the price approached the resistance level of $2,654 and failed to break it. This level, which also coincides with the Fibonacci 0.382, is a strong obstacle to the upward movement. If gold continues to fail to break through this resistance, there is a possibility of a decline to the $2,577 range (Fibonacci 0.786) and then $2,485 (Fibonacci 1.272). Additionally, the Ichimoku indicator is showing weakness in the uptrend, as the price is currently below the Kumo cloud. The Alligator lines are also in a bearish position, indicating that sellers are dominating the market. Also, the strengthening of the US dollar as a safe haven asset in the current situation will put more downward pressure on gold. Because gold has an inverse relationship with the dollar; the stronger the dollar, the lower the price of gold. If the dollar's downward trend does not change, the probability of gold falling to the levels predicted in technical analysis will become much stronger.
OANDA:XAUUSD
by Sarim-Trader
#TON Ready For a Massive Move Ahead or Not? Key Levels to Watch Yello, Paradisers! Will #TON finally break its descending resistance and ignite a powerful rally, or are we in for a bearish breakdown? Let’s break down the latest analysis of #Toncoin: 💎#TONUSDT is trading within a symmetrical triangle formation, which typically signals a period of consolidation before a decisive move. Currently, the price is hovering around $5.80, just beneath the descending resistance. For a bullish breakout, TON needs to reclaim this key resistance zone near $7.20. 💎If buyers manage to push the price above $7.20, we could see a swift rally toward the major resistance zone at $10.00-$11.00, with strong momentum potentially driving further gains. This breakout would confirm a reversal and signal that buyers are back in control. 💎However, the $5.24-$4.50 range remains a critical support zone. If this level holds, it would provide a solid foundation for another bullish attempt. But if #TONUSD breaks below $4.50 with a daily close, it would invalidate the current structure, opening the door for a sharp move lower—potentially toward $3.00 as sellers regain control. 💎The key to navigating this setup is patience and discipline. TON is approaching a critical decision point, and the next move will likely determine the medium-term trend. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Kaspa in big sideways range or Head and shoulders?Yes we had that big head n shoulders on kaspa to include a bear flag. But that bear flag looking invalidated. I see more bullish tones than bearish tones now. We have price bouncing off monthly support, we are currently reclaiming .786 on a higher low (macro). Are are above point of control and finding support off the Value Area Low. That big head n shoulders on kaspa getting everyone to sell their bags. While the believers buying it up. That's my take. If you think I am "wrong", you are in the wrong business. its not about being right or wrong, its about being positioned for all scenarios. I am ready for .05 at the big .786/ high volume node also
Long
by ThreeMuchCrypto
2
XAUUSD-A reversal pattern for a further fallGold prices are currently testing key levels of interest during a corrective phase against the trend, following a breakout from a significant level. The fundamental backdrop is not particularly favorable, with the market under consistent downward pressure. The bearish sentiment around gold is intensifying as U.S. Treasury yields continue to climb, and the USD strengthens toward the end of the week, reducing the appeal of the precious metal. Notably, the US Dollar Index has recorded its fourth consecutive week of gains, while the 10-year U.S. Treasury yield remains near its highest level since early May. Looking ahead, the market's focus remains on the return of President-elect Donald Trump and the potential impact of his inflationary policies, which could have significant implications for the Federal Reserve's outlook in 2025. Stay cautious! From a technical perspective, the price is currently trading within a short-term descending channel, formed after the termination of a rising wedge pattern. The outlook suggests a higher probability of further declines. The 2622 level is a critical threshold—if sellers maintain pressure below this zone, the downtrend could extend further, with potential targets at 2605 and 2596, among others.
OANDA:XAUUSDShort
by Sarim-Trader
Major Trend Reversal for Decentraland (MANA/USDT)! Long Term🔥 🚀Long Term 🚀 🔥 📈 Technical Overview: Descending Wedge Breakout: MANA has invalidated its long-term bearish structure, surging past key resistance zones. 📉➡️📈 Higher High Formations: Consecutive HH patterns confirm bullish market sentiment and upward momentum. 🚀 Key Resistance Target: Next significant level lies at $1.938, aligning with historical Fib retracements and volume nodes. 📊💹 Critical Support Zone: Strong base established at $0.138—ideal SL placement for risk-conscious traders. 🛡️ ⚡ Momentum Drivers: Bullish breakout supported by increasing volume and breakout above Ichimoku cloud, signaling trend strength. ☁️✅ 💡 Signal: Enter long positions on pullbacks or confirmed close above breakout levels. HODL potential targeting $1.938+ in this textbook reversal pattern! 🌟 #CryptoAlerts #MANA #BullishBreakout
COINBASE:MANAUSDLong
by Mcenzy
LPT – Daily Is Livepeer Starting a Bullish Rally?Technical Analysis: BINANCE:LPTUSDT has recently shown significant bullish momentum, marked by high trading volumes and a strong upward movement. The $10 level has acted as a robust support zone, providing a reliable stop-loss point for spot buyers. Based on these technical indicators, there is a strong expectation that LPT will break through the $24 resistance zone and reach higher targets. Fundamental Analysis: Several key developments have driven LPT’s recent performance: • Increased Network Usage: In Q3 2024, Livepeer’s video transcoding usage grew by 4% quarter-over-quarter, with demand-side transcoding fees increasing by 20% in USD terms. This growth reflects rising demand for Livepeer’s decentralized video services. • Introduction of Livepeer AI Subnet: Livepeer launched an AI Subnet to facilitate AI-powered video processing, creating new revenue streams and increasing demand for the network’s compute resources. In Q3 2024, fees from Livepeer AI accounted for nearly 24% of the transcoding fees, highlighting its growing importance. • Community Engagement and Development: Active governance proposals and community involvement have strengthened Livepeer’s growth and decentralization. Regular updates, discussions, and events have reinforced the community’s role in shaping the network’s future. These fundamental factors, coupled with the technical analysis, suggest strong potential for COINBASE:LPTUSD to surpass the $24 resistance zone and achieve new highs. For spot purchases, the $10 support level serves as a reliable stop-loss point.
Long
by Sober_Trading
XAUUSD MONDAY MORNING SIGNAL 30 DEC 2024Gold is now stuck between 70 pips of range and we have our supply over 2620-2624 and demand over 2613-2619 The last candle was bullish so we have 3 scenarios for this condition FISRT- If new candle break over our supply zone then we can take buy 120 Pips SECOND- If opening candle rejects our supply zone then we can take sell in the range of 90 Pips THIRD- After rejecting of candle continued to sell and breaks over our demand then we can sell more which make our sell target to 200 Pips NOTE: As this is the end of year so try to use small lots in the zone BEST OF LUCK TRADERS
OANDA:XAUUSD
by YousufAliFx1