Check the LPPL Bubble Indicator as previously described by Didier Sornette. Next 2-3 weeks this will burst and the price target is between 15 & 29
A quick work on identification of key pattens and Mapping its intrinsic rhythm with Fibonacci Ratios. Pattern I https://www.tradingview.com/x/wEmkqhiP/ Fib Mapping Pattern I https://www.tradingview.com/x/CjMDHINo/ Validation of Pattern I: Match in frequency of cycles within patterns https://www.tradingview.com/x/m6zMZGcX/ Pattern II https://www.tradingview.com/x/J4InEDOA/ Validation of Pattern II: Match in frequency of cycles https://www.tradingview.com/x/fxzrvLNf/
? Technical Analysis: Gold (XAU/USD) Current Price Action: - Currently trading at: 2634 - Triangle pattern forming on the chart; key to monitor breakout direction. - Previous rising wedge pattern targets mentioned have been achieved. --- ? Market Overview: - Downside Potential: - Early signals from a 15-minute triangle breakout suggest a possible move to 2605. - Critical Support Levels: - 2617/2605: Essential support zone to watch. - A break below this zone with a close on a 1-hour or 4-hour candle may lead to a sell-off. ? Potential Downside Targets: 1. 2590 2. 2565 3. 2535 4. 2490 *Note: A sustained close below 2617/2605 heightens the likelihood of reaching these targets.* --- ? Bullish Scenario: - Breakout Zone: - Key resistance area is 2649/2665. - A strong close above this zone on a 1-hour or 4-hour candle could indicate bullish momentum. Watch for Confirmation: - A close above 2649/2665 signals potential upwards movement. Possible Bullish Targets: 1. 2690 2. 2720 3. 2745 4. 2765 *Be prepared to take profits or adjust stop-loss as price approaches these resistance levels.* --- ? Conclusion: - Monitor for breakout confirmation: - Above 2649/2665: Look for bullish indicators and prepare for potential upward targets. - Below 2617/2605: Be ready for potential bearish setups and track downside targets. Wishing all traders a profitable week! Stay vigilant and manage your risk appropriately! ?✨ *Disclaimer: Please conduct your own research and trade wisely!* #TechnicalAnalysis #Gold #XAUUSD #TradingView #MarketAnalysis
Goat has break a trendline and now ready to hit the ATH. 2X PUMP IS COMING
Possible Head and Shoulders forming on higher timeframe, lets see how it plays out.
Last week Friday, price successfully traded and closed below the previous support of 0.56787. Price got impacted with high volatility that led to the shift in market structure. This Week, we anticipate an interest rate cut news from the reserve bank of Australia(RBA). A worse than expected rate can impact negatively on this pair which may lead to a further sell on this asset.
Hello friends i'm personally GOLD looking SELL side till 2500 area last month of the year all year GOLD maked new ATH but its time of back some area this week big data possible to break this range 2610 to 2660 it will break in CPI DATA My last analysis of friday target one taken only Soon 2nd target will Achieved 2610 this month big movement will see BC last month of the year 2024 will end with some retracement 1500 pips of target profit taking areas 1ST 2580 FINAL 2500 follow us for long and also short signals NOTE its only my analysis .
The price of gold will probably go up and down for about three or four months in the green rectangle and then rise towards $3,000. This analysis will fail if the price falls below $2,600.
Given that Bitcoin follows a recurring and periodic pattern, the probability of Bitcoin falling is very high, and it is ultimately possible to reach the number 107,000, and Bitcoin will approach the price range of 90,000 again as this correction continues.
An update on my previous post regarding XRP. As you can see XRP did break through the $2.40 price level, i would like to think this could be some manipulation and a liquidity trap from short sellers at the $2.40 level as it is an easily identifiable key level. On the higher timeframes however the fib does show a perfect reversal of half the previous extension to the %61.80 level as well as forming a new lower high. Still not buying just for the moment, the higher timeframes do still indicate some more relief is incoming especially with the lower major key levels of $1.9500 aligning perfectly with the -27.00% fib retracement which would be a target for many retail traders. Also a clear double rejection from the $2.6200 price point has created the reversal to the down side.