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GOLD → Awaiting the FOMC & Fed press release. ↑ or ↓ ?OANDA:XAUUSD is realizing the potential of the "flag" pattern I talked about yesterday. The correction wave is ending and the price continues to strengthen Today, Wednesday, important news are published, we are interested in those that will be at 18:00 GMT from FOMC, FED. Current issues related to the rate and inflation, some representatives of this structure say that the rate may increase, and the temporary weakening of inflation may soon end amid geopolitical factors. The gold price breaks correction resistance and starts to strengthen, testing the 1970 area. Below is one of the key support 1969.3, the expected consolidation above the level may form a potential for bullish movement. Before the news I recommend to trade carefully and try to reduce risks. Moving averages indicate a neutral stance in the market before the news. Support levels: 1969.3 Resistance levels: 1973.5, 1983 If the news is bullish for the dollar, the surge in volume could destroy the gold's strength and in this case the price will move towards 1950, the technical analysis of the XAU suggests a continuation of the upside. Actually in this combination lies the difficulty. Regards R. Linda!
OANDA:XAUUSD
by RLinda
16
🥇GOLD - Retest of new trend resistance Gold is forming a correction, a new range is formed, which has its downward resistance. Earlier, the price formed a retest of the line and updated the local minimum. TA on the high timeframe: 1) False breakout of resistance 1984 2) Bearish momentum is forming 3) Medium-term target is the liquidity area below 1943 TA on high timeframe: 1) False breakout sends the price down and it updates the local low 2) A correction to resistance is forming, anything can happen on the background of fundamental factors, but at the moment the bearish scenario prevails Key resistance📈: 0.236 Fibo, 1963 Key support📉: 1953
OANDA:XAUUSDShort
by AndeWave
18
SPECIFIC analyze for us500hello guys it is late in my country and i should be sleep until now but prefer publish this lazy analyze i hope you enjoy i think it is time for short position because of bearish trendline also i draw my forcastin that consider both important level, QML and FRESH FLAG always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment. BE PROFITABLE
U
by melikatrader94
19
🥇GOLD - Forming a breakout pattern and growth continuationGold amid a rally halt after a breakout of the global downtrend forms a pattern of breakout and continued upside. TA on the high timeframe: 1) After the breakout and trend change, the price stops and forms consolidation. The absence of a fall will be regarded as the readiness of the market to continue growth 2) Consolidation is formed near 1960 TA on the low timeframe: 1) against the background of stopping the rally, the price forms a flag 2) The bullish pattern will start its realization after the price breaks the resistance of the figures. In this case the instrument will get a new potential 3) The important zone for us is 1959-1963. The price going beyond it can form an impulse of 1% and reach the area of 1980 Key support📉: 1953 Key resistance📈: 1959, 1963
OANDA:XAUUSDLong
by AndeWave
25
NIFTY IN SUPER BULLISH MODE READY TO BULLISH INDIA NIFTY SPOT TARGETS UPDATED TARGETS BASED ON MONTHLY CHART - BULLISH FLAG WITH CUP AND HANDLE PATTERN. FOR EDUCATIONAL PURPOSE Tgt 1 : 20243± (SHORT TERM) Tgt 1 (A) : 21132± (SHORT TERM) Tgt 2 : 22465± (LONG TERM - Maximum by Dec 2024) Tgt 2 (A) : 25598± (LONG TERM - Maximum by 2026) Tgt 1 & Tgt 2(A) tracking From 31/08/2022 when Nifty spot was trading at 17759. Tgt 1(A) & Tgt 2 tracking From 01/06/2023 when nifty was trading at 18579. Note : The above is my personal view based on chart pattern and shared it for educational purpose only. In between ups and downs are quite common. Market will test us by some dips. No Gain without Pain. Tgts get invalid when Nifty spot closes below 15000 If any Changes in the chart pattern I will share it during that time. Used Support, Resistance, Chart Pattern and My Eyes as an Indicator. Chances of hitting the tgt based on Chart Pattern 70 - 80% Rest MARKET IS SUPREME. Let's see how Market Behaves. STAY INVESTED & ENJOY THE RALLY
NSE:NIFTYLong
by senthilkumar1976
2
EURGBP → Formation of a pre-breakout consolidationFX:EURGBP a week earlier forms a break of the resistance of the descending price channel. A consolidation of 0.86000-0.85400 is forming. We see consolidation at the resistance. What to expect from the price? Most likely, the price will continue to test resistance 0.86067. Pre-break consolidation is forming, which can be interpreted as another attempt of price exit from the range, followed by the strengthening of the currency pair. Moving averages are beginning to narrow and if the conditions are favorable, they may soon form a signal that confirms the intention of the market to change the trend. A breakout at 0.8606767 will send the price to 0.86722, but if the breakout does not happen, correction to the trend support will be formed. Resistance levels: 0.86067, 0.86345, 0.86722 Support levels: 0.85725, trend support The market is showing good dynamics and consolidation confirms the intention of the buyers. I am waiting for breakthrough of resistance with the subsequent growth. Regards R. Linda!
Long
by RLinda
18
🔥 Bitcoin New Yearly Highs: It Was Just A Bull Flag!As of a few moments ago, BTC has officially broken through the 31,000 resistance, which was established all the way back in April. This officially brings an end to ~70 days of selling and bad market conditions. With the Bitcoin dominance in break out mode, this is still just a bitcoin-only party. Let's see how the alts will react. Nevertheless, this is a great time to be in the market. As explained in my Elliot Waves analysis, I'm currently expecting BTC to see more bullish pressure. Target is the 36.5k - 40k area.
Long
by FieryTrading
2
🏅GOLD - The spring is compressingGold continues to decline under resistance control within the range. The price from 1945 forms a small pullback that could touch resistance, but everyone is waiting for a fall in priority. TA on the high timeframe: 1) The dollar index is in a bullish rebound phase. It is likely that after a small stop, the dollar's rise could continue, in which case the price of gold could fall 2) We see a strong pressure on the market. The sellers are strong enough, gold is not able to go through the resistance TA on a low timeframe: 1) Price is under resistance area. The nearest high, which might make the market nervous, is around 1967. A false breakout of this area is possible. 2) In the future, judging by the high timeframe, I expect a continuation of the fall with the possibility of breaking through 1939-1940. 3) Now the rebound to the resistance is formed, we watch the price reaction. A false break-through will be a strong signal Key resistance📈: 1960, 1967 Key support📉: 1950, 1940
OANDA:XAUUSDShort
by AndeWave
19