hi guys...we r in we 5 of 3 of last bigger 3 at gold...this wave may goes up to 3100 today and after that it will make correction down in form of wave 4...after that we will have wave 5 of of 5 of 3 at gold...after that a big correction may happen...i will announce the area soon
As we can see on chart too Red trendline resistance is now one of the major resistances for Bitcoin and the other one is 93K$ so until these resistances are still holding and are valid price can fall more and see more dump to the next target which is 72K$. DISCLAIMER: ((trade based on your own decision))
As we can see price is now near strong support of 0.65$ and soon it can break to the downside and we are looking for more fall and correction to the 0.50$ support zone and after that start of next bull market and new high here for ADAUSDT. DISCLAIMER: ((trade based on your own decision))
As we can see price broke channel resistance and now only after a valid retest here we can expect heavy pump start but we should consider it that we are now in a short-term bear market so price can fall more here to our major buy zones which are mentioned on the chart with green zones and then start of pump. DISCLAIMER: ((trade based on your own decision))
As we can see strong supports are now ahead after this pump and soon we are looking for pump and rise once again here and this time our first target is near red trendline resistance also major Fibonacci level like 0.5 and 0.61 can hold price from falling and start this pump. DISCLAIMER: ((trade based on your own decision))
As we can see price is near last major supports like 0.000006$ and we are looking for heavy and huge gain from this support to the upside and possible targets which are mentioned on the chart with red zones now. DISCLAIMER: ((trade based on your own decision))
The price perfectly fulfilled my previous idea. It hit the target level. OANDA:XAUUSD broke above last week's high and is currently testing the resistance level at 3080. After such a surge, it seems prudent to wait for a potential pullback. With the prevailing bullish momentum, the market may continue to rise towards the next resistance levels or move sideways untile next week. If a pullback occurs, it may provide an opportunity to go long from the previous resistance zone that has now become support. Given the upcoming high-impact news, the market might form a range or pull back toward support. Overall I expect a rebound from the support level around 3050, leading back toward all-time high levels. My goal is resistance zone around 3085 Traders, If you liked this educational post?, give it a boost ? and drop a comment ?
As of now, we have made profits during the trading session. But gold hit the 3048 area yesterday. What should we do if some brothers did not close the order in time? We have made corresponding adjustments according to the current market. Gold news: On Friday, the price of gold climbed to 3083, mainly driven by factors such as rising risk aversion, the Federal Reserve's interest rate cuts, the global central bank's gold buying boom and increased inflationary pressure. The tense situation in the Middle East, global economic uncertainty and expectations of a depreciation of the US dollar have further enhanced the attractiveness of gold. This week, gold is expected to rise for the fourth consecutive week. The US PCE (personal consumption expenditure) data to be released tonight has attracted much attention from the market because it is the core indicator of the Federal Reserve to measure inflation and may have a significant impact on market expectations and asset prices. If the PCE data triggers concerns about stagflation, it may cause US Treasury yields to rise, further boosting gold prices. If the data eases inflationary pressures, it may boost risky assets, but gold may rise simultaneously due to rising expectations of interest rate cuts. Boosted by risk aversion, gold advanced all the way yesterday afternoon, hitting a new high of 3059 during the US trading session. Today's market continued to rise at the opening, and the current highest has reached 3086. Gold bulls rose like a tiger, where is the top? Gold technical analysis: From the wave point of view, the large level is no longer repeated. The daily line 2832 runs a standard 5-wave structure upward, wave 1 2832-2929, wave 2 2929-2880, wave 3 2880-3057, wave 4 3057-2999. Yesterday's market broke through 3057 and rose. The current market is in the 5th wave. From the wave rule, wave 1 runs 97 US dollars. If the amplitude of wave 1 and wave 5 is equal, the high point of wave 5 can be seen near 3097. Using the Fibonacci retracement extension line, pay attention to the two resistance levels of 3088-3108 above. Therefore, the short-term continues to follow the trend of low-multiple bullishness. Pay attention to whether there is a structure to go short near 3108 above. Gold is currently high, and it is bound to fall back. This crazy bull trend cannot last long. This is inevitable. The gold price is currently seriously off track, that is, it is directly off track. This is unreasonable. Return is inevitable. There must be a deep fall today. The support below is around 3050, which is also the target of the fall. Gold operation strategy: Short gold 3075-70 to increase the number of transactions. Target 3060-3050 Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions. Follow your own operation plan. Market information is complicated and blindly following the trend is easy to fall into the dilemma of chasing ups and downs. 2. The short profit area of 3060-3050 is all closed. 3. In gold trading, we will continue to pay attention to news and technical changes, inform in time if there are changes, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation.
The AUD/JPY currency pair continues to be dominated by bullish momentum, as multiple golden cross patterns reaffirm the strength of the ongoing uptrend. Despite this, we are witnessing a much-needed correction that began yesterday, bringing the pair down by approximately 60 pips. This retracement is a natural part of market cycles, allowing the pair to consolidate before potentially resuming its upward trajectory. At this point, we expect the pullback to extend further, aiming for an additional 30-pip decline before considering a buy entry. The key level to watch is 94.50, which serves as a critical buying zone due to its alignment with the 38% Fibonacci retracement level. Historically, this area has acted as a strong support, preventing deeper declines and often triggering rebounds. Given its significance, we anticipate a renewed wave of buying pressure once the price reaches this level, making it an ideal entry point for a long position. Our trade strategy involves setting a profit target at 96.00, ensuring a favorable risk-to-reward ratio. Meanwhile, to protect against unexpected volatility, our stop-loss (SL) will be placed 1.2% below the entry price. This cautious approach allows us to manage risk effectively while capitalizing on the broader bullish trend. The presence of golden cross patterns further reinforces our bullish outlook, as they indicate strong underlying momentum. By patiently waiting for the correction to complete, we increase the probability of entering the trade at an optimal price, maximizing potential gains. Thus, we remain on standby, ready to initiate our buy order once the market reaches our predetermined entry zone at 94.50.
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