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Trendpattern

GOLD, to continue the bearish waveLast Thursday, gold price attempted to make a correction towards the $1930 PER ounce but was quickly rejected by the EMA-200/100 on the 4Hr time frame at $1929.814 which signifies that the bears are still in control in that region. Last Friday, the price declines to 1919.085 at the time of market closure whereby the last two 4Hr candles closed below the trendline support that has been holding the bulls since 21st August 2023. As long as the candles are closing below that trendline support signals the potential continuation of the bears movement down to the next significant level (1903). Important news coming up this week which can alter the direction of the gold market so keep your eyes on the news on Wednesday to Friday. DXY has for the next consecutive 8 weeks been a bullish swing that could put more selling pressure on gold. Wednesday: CPI Thursday: PPI, retail sales and unemployment claims Friday: Empire State Manufacturing Index and Prelim UoM Consumer Sentiment. Resistance: 1925 Support: 1907, 1903, 1896
OANDA:XAUUSDShort
by AbeikuGlobal_FX
1
US30 Long Setup TP: 35646Today was a good day again to test the strenght of the US dollar, which remained strong. Red folder news was good for USD. The DXY Index was also very strong today. Looking at the US30 chart, 4H timeframe. I marked this zone it keeps coming back to in purple(resistance/counter zone). All the way to the left some bullish imbalance(start of the zone). After reaching some highs a few days ago it went down for a bit, back to this zone, passed it downward to just above 34000, where i see 2 nice 4H wicks, and the price went back up, past the purple zone again, came back into it again, and then one last 4H wick, touching the bottom of the zone and the price went upward again out of the zone. From here i can see it reach 35646. Will take 80% profits around 35200-35300 levels probably. SL at 34672, just a bit below the purple zone. If anyone has any ideas or feedback, all welcome!
FX:US30Long
by ProdemoNL
Gold buyAs is said in my previous anylisis that Gold will move to its 1946 level which was a key level for gold for two bug reasons one was we were having a Daily trendline and the 2nd one was H1 resistance level now the two confluance made us think that gold will reach its 1946 to 48 level and For today we are still BUY baised as we are watching Gold prices we can see gold is forming a Bullish flag 🏳️ at the area of 1946-48 to 1940 level and is not still breaking above or down the flag as i said we are watching the price what it tells is on Monthly time frame we had a beautiful Hammer 🔨 pattern and on weekly also we are on a BUY position but as we said we had a rejection on daily timeframe it seemed to be a sell trade but for a scalp trader it was 50-60 pips trade but still gold is moving upwards if it breaks 1940 level and or 1946 level we will be having a sell trade to 1932 level previous support and 1960 level next resistance level respectively So hope for the best what goes around
OANDA:XAUUSDLong
by Wakeel_Saab
RUNE: Breakout after BreakoutHello friends! Few days ago I've put BINANCE:RUNEUSDT on my list cause I've seen it to be close to the breakout of the new short-term resistance formed on 1h TF. Interestingly enough, it had just broke out of the long going resistance level two weeks ago, went through the point of BoS (Breaking of structure) (by creating the new higher high after the one that has been under that previous resistance at 1.969) and by this moment it is creating the new Higher Low. Again, interestingly enough, while forming the new lower low it is creating the new zone of interest by creating this new resistance I was talking about and actually breaking through it. At this particular moment, the breakout isn't yet totally confirmed cause it hasn't gone through the new BoS, but this point might be this new higher low. So: If you are risky enough, consider the Entry 1 Zone with the Stop Loss below the previous Low. In case if the Higher Low isn't yet catched, the price can go to the zone of $1.2-1. Consider re-entering at that point. If you don't like the risk - wait until the break of structure will be confirmed and consider Entry 2. First Targets will be within the fulfilling of the wick that led us to the previous BoS. Fulfilling it strongly will most probably lead RUNE to the next zone: $2.9-3.1
Long
by A_I_Vision