This week has been relatively quiet for gold traders, with the price confined to a narrow range between 2635 and 2655. In fact, aside from a few brief spikes, the price remains largely unchanged from Friday's close. Looking ahead, this tight range is likely to break in one direction or the other. As mentioned, the key levels to watch are 2655 and 2635; a breakout above or below these levels could provide clearer indications of the next move. For now, I am staying out of the market, awaiting further clarification, but I maintain a bullish bias.
i see small consolidation on 2h chart two equal highs and 2 equal lows. we have bulish candel brakeout on 15 min chart + trend line brake. I expect the price to go to upper are of consolidation.
Early early sunday Morning it was a big bonka smugglin. Bonk Bonk Bitty Bonk Bonk Bitty Bonk Bonk.
VIDT/USDT is approaching a pivotal moment, hovering near a key trendline resistance. The current structure indicates increasing pressure, suggesting that a decisive move could be on the horizon. The price action and momentum are worth monitoring closely as we await confirmation of the breakout. Key insights: - Trendline resistance is being tested, and a successful breakout could pave the way for a significant bullish move. - Indicators like RSI and MACD hint at strengthening momentum, aligning with the potential for a breakout. - Volume will play a critical role in validating the move. Tips for trading this setup: - Wait for a confirmed breakout with a 4H or daily candle closing above the trendline. - A retest of the breakout zone as support can offer a safer entry point. - Monitor trading volume for a noticeable spike, as it often confirms the breakout's strength. - Manage risks with a stop-loss just below the trendline to minimize potential losses. Potential targets can be identified based on nearby resistance zones, offering attractive opportunities if the breakout succeeds. This analysis is for educational purposes only—always conduct your own research and trade responsibly. Keep VIDT/USDT on your watchlist for this exciting setup!
Nifty is showing an obvious LH formation from the top level which suggests some profit booking is in order. I have hence initiated a Mean reversion trade on the short side for target till 24,260 level. I'm not doing the same on BN yet.
BSE !! soon will give upside breakout. - stuck in triangle pattern - can give quick upside move post it breaks high of heavy red volume candle.
HiLoCh 15m - reliance on cipher 1. 3 drives down from the break 2. High vol and b Vol profile on the candle. 3. cipher is OS got the alerts / triggers, cipher and RSI good, nice b vol pattern and nice level reclaim.
There could possibly be a formation of a head and shoulders pattern in this time frame that is the formation of the right shoulder makes it and feats perfect the pattern that will be the conformation of a change of the trend and continue going to the downside
Traders! The lesson that I want to give you today is, try to build the habit of strong reasoning before making any decision to execute position. Make sure you have a good thought process by starting to build the portifolio of evidence from the higher timeframe to lower timeframe. Always trade process is key.
The $8 area is an ideal zone for a buyback; consider my idea of a 40% decline from this point.