Brian, hello to all my dear friends! Today, gold continues to face downward pressure from $3,058, as bullish speculators appear reluctant to place new bets following the recent price surge and modest gains in the US dollar. However, persistent economic uncertainties amid Trump's tariffs and Fed rate cut expectations will continue to maintain upward momentum. Furthermore, from the technical analysis charts, the upward trend is still performing very well with consistent price increases and no signs indicating that gold is falling into an unstable condition.
Trading Idea : USDCAD Intraday Long This trade is based on a confluence of technical indicators suggesting a potential upward move in USDCAD on an 1hr timeframe. Rationale: The pair experienced a breakout above the 1.44 level, indicating strong bullish momentum. Following the breakout, the price has retraced, pulling back to the 50% and 61.8% Fibonacci retracement levels. These levels are considered key support zones in an uptrend. Additionally, the price is finding support along an established upward trend line, further reinforcing the bullish bias. Trade Setup: Entry: 1.43202. This entry point aligns with the Fibonacci retracement and trend line support. Stop Loss (SL): 1.43042. This stop loss is placed below the Fibonacci retracement and trend line support, protecting against potential downside risk. Take Profit (TP): 1.43581. This target represents a potential upward move following the retracement and aligns with intraday volatility. Key points: The combination of a breakout, Fibonacci retracement, and trend line support creates a strong technical case for a long position. This is an intraday trade, so quick execution and monitoring are essential. As always, consider current market conditions and news events before entering the trade.
Price action has not been clean, and the recent upside has found a resistance at around 195 level. We are not keen on any sells at the moment but will look for buys if 195 level breaks and price sustains there for some time (30 minute of 1 hour closure should be enough). That will open doors for price to target around 197 levels. Alternatively, if price drops towards the green support zone, then we can look for buys again after watching for any reaction in that zone (30 minute of 1-hour bullish candle). We need more information for any sells at the moment.
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # WPP Stock Quote - Double Formation * Retracement & Inverted Pattern | Completed Survey * ABC Wave Feature | Reversal Entry | Subdivision 1 - Triple Formation * (Target Entry Or Gap Fill)) | Subdivision 2 * (TP1) | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) | Indexed To 100 - Position On A 1.5RR * Stop Loss At 80.00 GBP * Entry At 75.00 GBP * Take Profit At 65.00 GBP * (Downtrend Argument)) & Pattern Confirmation * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
The RSI made a new high relative to prior oscillator peak but the closing price associated with the new oscillator peak is at a lower level. The oscillator is becoming overbought when nifty prices are a lower level. Nifty might be beginning to become weaker.
Before taking off..... Bullish. Would love to see a pull back or retest into the $0.06 - $0.13 cent range maybe lower. Great time to be a buyer. Don't sleep on the opportunity. Remember - If crypto projects don't blow up - they go up!!!!
Hello everyone, friends, we have a very, very beautiful and clear market structure, I see that USD/JPY is falling and the market is in a very beautiful place for a sell position, with several clear factors, I decided to open a sell position, please do not forget to manage your risk, this is the most important thing in trading, we have price action and market structure, I want to enter a sell position due to the high sell flow in the global market
Hello dear followers, my idea about the Gold is buying from the previous known and respected support 3030 area. More you can read below the support resistances and fair value gap of the Gold market. Support & Resistance: The 3030 level is a strong support zone, tested multiple times. Buy Strategy: Suggested buy entries around 3030 support, with a take-profit (TP) target at 3052. Sell Strategy: Scalping opportunities now we have from these current levels and maybe after pulling back from 3030 again. Key Zones: Fair Value Gap indicates a potential imbalance in price action. Demand Zone (3001-2998) acts as a strong area of buying interest. Trend Analysis: The market was previously trending in a bullish channel before consolidation and potential retracement. Key levels Sell zone 3045 SL at 3052 Tp at 3030 Buy zone 3030 SL at 3022 Tp at 3055 Kindly support me guys and like if you find it helpful. Note: This is for educational purposes only not trading advice.
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Today's long-short boundary: 3042 Support and resistance levels: 3073 3062 3054 3030 3022 3010 Trading strategy: If the price breaks through 3054, consider buying, the first target price is 3062 If the price breaks through 3042, consider selling, the first target price is 3030