Progressive Trend Tracker (PTT) is a development combining Bollinger Bands with Highest Highs and Lowest Lows by K.Hasan Alpay & Anıl Özekşi. As observed on the charts the reading is well above the lower band and indicating the strength in the DXY. The three green soldiers bring message of strength from the world of candle stick patterns. The VIDYA ( Variable Dynamic Moving Average is the black line on the chart and is the VAR based moving average. The price above this line also signals strength in the index. The support and resistance lines is coming from the inbuilt indicator that display nearest support and resistance from GANN Square of 9 box. The RED line is the strongest resistance here and the blue line is the moderate support.
- ABCD forming pattern. -Key level and demand zone support. -Less supply volume on backtest. -Key level and pivot at around 30$ will be the key to watch next week! . Let's wait and see!
? XAU/USD (Gold vs. USD) - 1H Chart Analysis ? Entry & Risk-Reward Setup ? Buy Zone: $3,015 - $3,017 ✅ ? Stop Loss: $3,003.14 ❌ (Protects against downside risk) ? Target Point: $3,045.40 ? ? Take Profit Levels (TP) ? TP1: $3,021.01 ? (First checkpoint) ? TP2: $3,029.73 ? (Second target, stronger resistance) ? Final Target: $3,045.40 ? (Major resistance level) ? Market Structure & Price Action ? Recent Drop: Found support near $3,003 ? ? Potential Upside: Price attempting a bullish reversal ? ⚠️ Watch for breakout at $3,021+ for confirmation! ??
Dear traders, greetings to all! Gold opened the new trading week at $3,023 per ounce, unchanged from the closing price last weekend. The precious metal remained steady at the start of the week as markets await the latest U.S. economic data releases in the coming days. Nevertheless, both analysts and experts believe that gold prices could continue rising as money flows from individual and institutional investors are choosing gold as a safe-haven asset. The key data to watch this week is the core personal consumption expenditure index, excluding energy and food prices, which is the Federal Reserve's preferred inflation measure. Markets will also focus on how U.S. consumers are coping in a world of increasing economic uncertainty. Additionally, other notable information this week includes S&P's global manufacturing PMI, services sector data; consumer confidence, new home sales; durable goods orders; pending home sales, and more. Based on my personal assessment, I predict that gold prices will continue to rise in the short term, at least for the next few weeks. While the $3,000 price level might cause some hesitation among buyers, I still expect a steady upward trend.
Bbri Wait and see first For long investors,bbri is still bullish but for trader or beginner investors,do not enter first Because for the weekly the price has breaked thru MA200,we will monitor whether the support of 3.350 will break through or not i fit breaks through We will monitor the price of 2.650-2.950
?#BTC reaches the second resistance zone✔️ ?From a structural perspective, our goal of building a long structure from the second support zone has been achieved, so we continue to reduce our holdings by 30% here, locking in a total of 80% profit. ➡️After reducing holdings in the same cycle structure, we can try to use a small position to expect the continuation of the long force. Because we have not yet reached the upper edge of the rising channel and the downtrend line, I think we can still expect more. ⚠️The closer we are to the downtrend line, the more we should be wary of the risk of a pullback. If we start to fall directly from here, then we can pay attention to the buying opportunities in the yellow support zone. Let's see? ?If you like my analysis, please like? and share? BITGET:BTCUSDT.P
Our stoploss from last trade still not hit and SUI after selloff breaking minor consolidation. if it holds here and SUIBTC bounce at 50MA Weekly. we can see some good run.
Price is currently testing the midline of the Bollinger Bands (blue line), which often acts as dynamic support/resistance. The recent price rejection at the upper band and subsequent drop toward the midline suggests a potential continuation to the lower Bollinger Band (~940-950 range) if bearish pressure continues. Increased volume on recent down days suggests strong selling pressure. Resistance: ~1030-1050 (recent highs, upper Bollinger Band). Support: ~940-950 (lower Bollinger Band, previous consolidation zone). If price fails to hold above 980-990, further downside to ~950 is likely.
Those of you that follow my AMD posts, you know that price came into my 1.382 target area @ $95.16 almost two weeks ago. Since then, I have been stating that I would prefer to see another low down to the $85-$87 area, but it is not required for the pattern to be complete. This move off of the 11 March bottom looks like a sloppy 5-wave move. If you know me, you know I instantly start to think of a corrective pattern as impulsive waves are normally decisive and leave little to the imagination. That being said, a corrective pattern could be pointing to the initial a wave of intermediate (B), or it could be the last wave 4 of c of C of (A). Wave (B) would be pointing to the $160-$190 area, whereas the latter would be pointing to another drop in the $85-$87 range. MACD looks like it needs to drop and RSI shows AMD is overbought. These technicals point lower, but you should be asking yourself: how low? I still plan on buying in if price can make it down to the 1.618. If it doesn't make it to this area, I will remain on the sidelines until I can get a better entry point. Hopefully we can get some more clarity this week.
GOLD, has been the most resilient and rosy asset for the entire 2024 till q1 of this year. It keeps breaking ATH on a regular weekly basis like its nothing -- reaching a parabolic high of an impressive 3057. Trend is currently shifting based on the current metrics which has started this friday, March 21, 2024. A reversal to the downside is in order from this peak range. Targeting below 3k levels again. It's doing a transition to new track pattern where it creates a healthy pull back to create another curve up trend for continuation to the upside. A 38.2 / 0.50 level of retracement. Last time it did this pattern was on October 2024. This transitional period is healthy for sustainable price growth. This red days will linger for a bit till it gets lighter -- but we may see a trim down of thousands of pips before we get to the most attractive bargain levels. For the mean time, shorts will have the best season for now. As for bulls -- stay in cash until it shifts again -- but more waiting is needed. Spotted at 3057. Target below 3000. Overextended target below 2900. Again these are all guidance. Be guided. It can be invalidated anytime. Trade safely always. TAYOR.