I see a potential for gold to make a big pullback of about 2000-3000pips in up coming months. A few factors of fundamentals in place is that gold need to make a discount before climbing further. with the new cabinets of US and trump restructuring the port folio of the system that may seems a little haywire now but he's previous holding has shown great impact in USD doing well for a certain period hence I believe USD is ready for its strengthening that relatively giving a short bearish season for GOLD. when can it be? NO body will know it however its good for us to be prepared and adjust our strategies accordingly.
Gold (XAUUSD) has recently broken above a rising wedge resistance on the weekly timeframe but is now showing early signs of potential exhaustion. Price action is currently hovering around the $3,024 level after a strong bullish rally. However, historical patterns and structure suggest a possible bearish correction ahead. ? Key Technical Observations: Rising Wedge Pattern: Price has been following an ascending channel with a sharp parabolic curve. The structure hints at overextension, making it vulnerable to a pullback. Previous Corrections: Two notable corrections (-8.89% and -8.15%) provide a historical benchmark, reinforcing the possibility of a similar retracement. Bearish Scenario : A potential double-top formation and rejection zone is developing around the $3,050 area. Target Zones: TP1: $2,935.95 – first major support/resistance flip zone. TP2: $2,782.94 – deeper retracement aligned with previous corrective structure. ? Trading Bias: Bearish bias in the short to medium term as gold may seek to correct before any continuation of the bullish trend.
Technical Analysis and Outlook: During the course of this week's trading session, the S&P 500 achieved the designated target for the Inner Index Rally at 5576, which occurred midweek. This target was accompanied by considerable volatility, ultimately hindering upward movement. On the week's final trading day, the index experienced a notable decline, resulting in a significant drop that reached our critical target, Mean Support, at 5603. Consequently, the index is now poised to target a retest of the Inner Index Rally level 5712, with a subsequent potential target identified at the Mean Resistance level 5840. It is essential to consider that upon reaching the Inner Index Rally target of 5712, a decrease in the current price level is anticipated, which may lead to a retest of the Mean Support at 5601. Furthermore, an extended decline is possible to revisit the completed Outer Index Dip at 5520 before the resumption of an upward rally.
BTCUSD Forecast and technical analysis now btc breakout bear trend line breakout . BTC can do this.
This chart presents a technical analysis of the EGLD/USDT, using daily candlesticks. Below is a detailed breakdown of the analysis: 1. Trend Analysis The price has been in a downtrend, moving within a descending channel. Several consolidation zones indicate previous accumulation and distribution phases. A key support level appears to be around $16.35, while resistance levels are marked at $21.98, $23.50, and a higher resistance zone near $40.50. 2. Current Market Position The price is currently hovering around $18.19. The market recently tested the lower boundary of the descending channel and is near a support zone. A possible breakout above the descending trendline could signal a trend reversal. 3. Future Price Projection The analysis suggests two possible scenarios: Bullish Scenario: The price may test the support at $16.35, then rebound upwards, breaking key resistance levels at $21.98 and $23.50, ultimately heading towards the $40.50 zone. Bearish Scenario: If the support at $16.35 fails, the price may drop further into a lower demand zone between $11 - $13 before attempting a reversal. Conclusion This chart outlines a potential trend reversal, provided the price successfully breaks key resistance levels. If support at $16.35 holds, an upward movement toward $40+ is possible. However, a failure to hold above this level could trigger further downside. Traders should watch for confirmation signals before making a move. *Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency markets are highly volatile, and past performance does not guarantee future results. Always conduct your own research and consult with a professional before making any investment decisions. Trade responsibly.
1. Technical Overview: The chart follows the Elliott Wave pattern. It appears that a large ABC corrective wave has completed, and a new 5-wave impulse cycle (1-2-3-4-5) is starting. Price has likely bottomed around the $0.5 zone and is showing strong signs of reversal, breaking out from a long accumulation phase that lasted over a year. Current price is slightly breaking out from the previous lows with significant volume increase, signaling institutional or large player interest. 2. Indicators: RSI (14): hovering around 55, above the neutral 50 level, suggesting growing bullish momentum. MACD: bullish crossover and widening, confirming a medium-term uptrend. 3. Key Price Levels: Strong support: $0.45 - $0.5 (long-term bottom zone). Short-term resistance: $1.0 - $1.2. Major resistances: $2.0 (23.6% Fibonacci retracement) $3.5 - $4.0 (50% Fibonacci) $7.0 - $9.0 (historical highs and 1.618 Fibonacci extension) 4. Elliott Wave Scenario: The chart suggests KAVA might follow a 5-wave bullish cycle: Wave (1): from $0.5 up to around $2.0. Wave (2) correction: potentially retracing to $1.0 - $1.2. Wave (3): targeting $5.0 - $6.0. Wave (5): could reach $9.0+ in a favorable macro/crypto bull market. 5. Long-Term Investment Strategy: 2025 - 2026 Period: Accumulation Zone: $0.5 - $0.6 (breakout from long-term bottom). Add on Breakout: consider adding more if price breaks above $1.0 with strong volume, targeting $1.2 - $1.5. Profit-Taking Levels: Take 20-30% profit around $2.0. Take another 20-30% profit around $4.0 - $5.0. Hold the rest for a potential wave (5) target at $7.0 - $9.0. Stop-Loss: Exit if the weekly close falls below $0.45 - $0.5, which would invalidate the bullish wave structure. 6. Notes: This is a weekly timeframe strategy, suitable for long-term investors (6 months to 2 years horizon). Track Bitcoin and altcoin market capitalization closely to sync KAVA's wave structure with the broader crypto market. Wave (2) might require patience as corrective waves often cause shakeouts.
Technical Analysis and Outlook: As indicated in the analysis conducted last week, the Euro has initiated a downward trend following a successful retest of the Mean Resistance level at 1.093. It is currently trending downward toward the Mean Support level at 1.078, potentially declining further to the Mean Support level at 1.061. Conversely, should the anticipated downward trend not materialize, the Eurodollar will retest the Mean Resistance level at 1.087, with an additional resistance level marked at 1.095.
The IDX Composite Index is expected to remain under pressure, forming wave of wave A. The nearest corrective target for the index is projected in the 5,879–5,975. This outlook aligns with prevailing market sentiments, as Indonesia’s economic and political landscape has yet to support a trend reversal. Additionally, global sentiment remains negative, further weighing on the index.
Doms Industries, a name synonymous with stationery and art supplies in India, has recently captured investor attention with its IPO. While the brand enjoys strong consumer recognition, a deeper dive into its financial health and market dynamics is crucial. Key Observations: Valuation Concerns: A market capitalization of ₹18,333 Crore positions Doms as a significant player, but a P/E ratio hovering around 90 raises eyebrows. This premium valuation suggests that the market is pricing in substantial future growth, which may or may not materialize. Investors must critically assess whether the company's growth trajectory can justify this high multiple. Financial Performance: A Mixed Bag: While top-line and bottom-line growth is evident, the underlying fundamental ratios paint a less rosy picture. This discrepancy warrants further investigation. Specifically, scrutinizing factors like debt levels, return on equity, and cash flow generation is essential. Technical Resistance: The stock's struggle to breach the ₹3050 resistance level indicates a potential ceiling. This technical hurdle could signal a period of consolidation or even a correction. Traders and investors should closely monitor price action around this level. Market Dynamics and Competitive Landscape: The stationery and art supplies market, while stable, is also competitive. Doms's ability to maintain its market share and innovate in this space will be critical. It is also important to consider the impact of online sales and digital products on the industry. Investment Strategy: For new investors, exercising caution is paramount. The high valuation and technical resistance suggest that patience may be rewarded. Existing holders should consider a risk-reward assessment. Locking in profits at current levels might be a prudent strategy. Always diversify your portfolio. Never place all of your eggs in one basket. Moving Forward: Investors should closely monitor Doms's quarterly earnings reports and management commentary. Staying abreast of industry trends and competitive developments is also essential. It is important to remember that the stock market is volatile, and past performance is not indicative of future results. Always seek advice from a professional financial advisor. Disclaimer: This analysis is for informational purposes only and should not be construed as investment advice.
Technical Analysis and Outlook: This week's trading session demonstrated considerable volatility in Bitcoin's price action. The cryptocurrency made multiple attempts to attain our Interim Coin Rally 88400, yet it ultimately remained at the same level as the week commenced. The current analysis suggests that Bitcoin must reach our Mean Support of 82500 before initiating an upward progression aimed at the Interim Coin Rally of 88400 through the Mean Resistance of 87000. Furthermore, a retest of the completed Outer Coin Dip 78700 is essential before the emergence of a significant rally.