Get started

Trendpattern

XAUUSD: Watch for a Sharp Decline Soon!XAUUSD MARKET ANALYSIS Today, we are focusing on key intraday levels that could influence trading decisions: Support Level: 2734-30 Resistance Level: 2748-50 Upcoming Market Events: This Friday, we have the highly anticipated Non-Farm Payroll (NFP) report, which historically tends to create significant volatility in the market. The data released can lead to quick price movements, offering potential trading opportunities. Monitor Price Action: If the price approaches the support level (2734-30) and holds, it may provide a buying opportunity, signaling potential upward momentum. Conversely, if the price breaks through the resistance level (2748-50), it could indicate a bullish trend, suggesting traders might consider entering long positions. Consider Market Sentiment: Pay attention to pre-NFP sentiment in the market. A strong jobs report could lead to a rally, while a weaker report might trigger a sell-off. Adjust your strategies accordingly. If you find this analysis valuable, please like the idea. Your support motivates us to continue providing high-quality content!
OANDA:XAUUSDLong
by bluechipfx
Still Waiting For Change Of Character in M15, To Start My Buys1. Am excited price has broken a very strong H4 low, therefore anytime soon price will start reversal. 2.Here you can see what am expecting the price to do so that I can start buying and in the other hand I included the POIS for sells, for those still interested in selling. 3.I have more than a week without executing orders this is because am patiently waiting for the market to give me that setup that I love which is the one shown in that diagram above, am not interested in selling for me personally is very risky but doing sells is the best option because main trend is bearish. 4. So, congrats to those who have been selling until this point, you are the real definition of no risk no gain, but don't worry soon or later I'll get those buys I've been waiting.
by RentCash
BTC and Trendlines: Patience over FOMO for a Clear SignalTrendlines are key to staying disciplined. Recently, BTC has seen some impressive inflows, with a couple of green bars showing up nicely on the charts. In the past, this might have triggered some FOMO, tempting me to start adding capital as those green bars intensified. But does this necessarily mean we’re seeing a trend reversal? Absolutely not. The real difference between FOMO and a solid trade setup lies in waiting for the ‘jive’ of multiple signals to confirm the move. For me, the most reliable indicator remains the trendline. If the yellow trendline is decisively broken, then we can confidently say BTC is on Wave 3 of 5 of 5 of 1. However, this recent green uptick alone isn’t enough to suggest a decent trade opportunity yet. Points A, B, and C might have been valid entry points in the past, but without a clear break of the upper trendline, the risk of a reversal still looms large. For confirmation, I’m looking for a decisive break—a full open and close above the trendline, ideally on at least a 4-hour timeframe. Only then can we be more certain about BTC’s next big move. If Point D is reached (around $63,600), that’s where I’m fully in—riding it up to around $130K. Until then, it’s all about waiting for the signals to align and not getting caught up in short-term excitement.
by cryptechcapital
1
“USDZAR on a Downward Trend”The South African Reserve Bank has reduced the policy interest rate to 8.00%. Following this move, the reversals at the 17.40 level in the USDZAR pair have drawn attention. The Fed had unexpectedly cut rates by 50 basis points at its September meeting. This situation has led to significant losses in dollar assets, while we can observe that any increases in the USDZAR pair remain limited. From a technical perspective, if the exchange rate surpasses the 17.70 level, rises may initially extend to 17.95 and then to the 18.20 resistance level. On the downside, if the 17.40 level is breached, we could see a decline to 17.15 and then to the 16.90 support level.
by primequotes
U.S. Michigan Consumer Sentiment Index.Today's key levels for gold indicate a bearish outlook. Technical analysis shows that gold has recently completed a growth structure, reaching around $2,509 per ounce, with current consolidation patterns forming below this peak. Expectations suggest a potential downward movement targeting levels like $2,468 and possibly down to $2,426 S1: $2,581.10 S2: $2,578.05 S3: $2,575.40 R1: $2,586.80 R2: $2,589.45 R3: $2,592.50 These levels can act as critical points where price action might either bounce back or break through.
OANDA:XAUUSDShort
by BELLATRIXFX
“Gold prices have been on a strong upward trajectory”In the U.S., the New York Fed Empire State manufacturing index for September rose from -4.7 to 11.5, indicating that the manufacturing sector has returned to growth territory. This data marked the highest level since April 2022. Despite this strong economic signal, the recovery in U.S. dollar assets remained limited. As a result, gold prices saw an upward movement, reaching the $2,585 level. From a technical perspective, if prices remain consistently above the 2585 level, an increase to 2600 and then to 2650 could occur. On the downside, if the price falls below the 2570 support level, a pullback could extend to 2535 and then to 2482.
OANDA:XAUUSD
by primequotes
Shall We See a Drop From Here before the bull trend continues?We don't have to Know What will Happen next to make money. We have seen some big moves from last week, such as breaking the 2531 level and creating a new All-time High. With some major economic News in the pipeline, this week will be another one with high volatility. Let's see how Price action rolls out this week. Note: (1) If the price breaks above 2585, we shall continue to ride the Bull trend. (2) If we see a bearish Price action we shall join bears in their short-term drop to key support levels. (3) Buying the dip shall be our long-term approach to keep riding with the Bulls.
FX:XAUUSD
by Mr-Gold
WHAT YOU SAYThe chart **Advanced Enzyme Tech Ltd. (NSE)* * shows a clear **cup and handle pattern** which is typically a bullish continuation signal. Here's a breakdown of the key points in a trending fashion: ### 1. **Cup and Handle Formation**: - The chart presents a classic **"Cup and Handle"** pattern. This is generally considered a **bullish chart pattern**, where the cup forms a rounded bottom and the handle reflects a consolidation before a potential breakout. - **Cup**: Spanning from late 2017 to around mid-2021, the stock has formed a wide, rounded bottom (cup), signaling a period of accumulation. - **Handle**: After reaching highs in early 2021, the stock pulled back modestly to create the handle formation, which lasted until 2023. ### 2. **Volume Support**: - Towards the right-hand side of the chart, you can observe an **increase in volume** (highlighted by the blue circle) accompanying the price rise. This is a strong indicator of **buying interest** and momentum, supporting the upward trend. - The **"building volume"** mentioned indicates strengthening demand, a crucial signal that the uptrend is gaining momentum. ### 3. **Bullish Breakout**: - The chart highlights a **bullish candle** which has broken past previous resistance levels near **450-485**. This breakout above resistance is a strong indication that the stock might enter a new **uptrend**. - The breakout suggests the stock is gaining momentum and has the potential to sustain higher prices if it holds above the **500 sentimental level**, noted as crucial support. ### 4. **Sentimental Level of 500**: - The **500-level** is marked as a critical **sentiment support** for the stock. Historically, this level has been a supply zone, indicating the stock has faced resistance at this point in **2016 and 2021**. - Now that it has broken through this level, it suggests that sentiment has shifted, and this area could now act as **support** for further gains. ### 5. **Overall Trend**: - The stock has been in a **long consolidation** since the highs in 2021 but has now **broken out** of the handle formation. - If this bullish pattern continues, the stock is likely to continue in an **upward trend**, possibly retesting its previous highs and moving towards **higher targets**. ### 6. **No Recommendation for Buy/Sell**: - The chart explicitly states that there's no recommendation for buying or selling. However, from a technical analysis perspective, the **cup and handle breakout** combined with increasing **volume** and **bullish price action** indicates potential **upward momentum**. ### Conclusion: - **Advanced Enzyme Tech Ltd.** is showing a strong **bullish breakout** after a prolonged consolidation phase. If the stock holds above the **500 support level**, we may see further gains with continued upward movement. Volume backing the breakout is a positive sign for a sustained uptrend.
NSE:ADVENZYMESLong
by investigationofchart
“The gold price is going up”In the US, the Producer Price Index (PPI) experienced a slight slowdown in August. Weekly unemployment benefit claims rose by 2,000, reaching 230,000. Following this data release, the decline in the dollar deepened. Meanwhile, the yield on 10-year US Treasury bonds fell to 3.62%. As a result, gold prices tested the 2570 resistance level. From a technical perspective, if prices remain consistently above the 2570 resistance level, an increase to 2600 and then to 2650 could occur. On the downside, if the price falls below the 2570 support level, a pullback could extend to 2535 and then to 2482.
OANDA:XAUUSD
by primequotes
NZDUSD - Technical Analysis [Long Setup]🔹 NZDUSD Analysis on 1HR chart - The current Trend is Bullish - Bullish Divergence is Present - No Reversal pattern - Waiting for a Break of Structure for Confirmation 🔹 Trade Plan - Entry Level = 0.61647 - Stop Loss = 0.61072 - TP1 = 0.62223 - TP2 = 0.62802 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Long
by Bountysoul