https://www.tradingview.com/x/TnuCoY5x/ Im crazy but heres goes nothing
1. Instrument & Timeframe: This is a Gold Spot (XAU/USD) chart on the 4-hour timeframe. 2. Key Price Levels: Current price is around 2,907 USD. Target level (green area) is around 2,980 USD. Stop-loss level (red area) is around 2,881 USD. 3. Support & Resistance Zones: There are two major highlighted zones: Resistance Zone near 2,960 USD - 2,980 USD. Support Zone near 2,860 USD - 2,880 USD. 4. Chart Pattern: The chart shows multiple touchpoints at both support and resistance, indicating a potential range-bound market. Orange circles mark key swing highs and lows, showing areas where price has reversed before. 5. Trade Setup: This seems to be a long trade setup (buy position), with an entry near the current price (~2,903). Target is just below the resistance zone, which aligns with past price action. Stop-loss is set below the support zone, giving the trade room to develop. 6. Overall Analysis: The trader expects price to bounce from the current level and retest the upper resistance zone, aiming for around 2,980 USD. trade with owen risk Follow me for more updates and please support us with boost and comment if you like our work, if you have any question then ask me in comment section thanks
The most bullish news for BTC is not the Presidents Crypto Summit on 3/7/25 or a Strategic BTC Reserve. The most bullish news would be for the weekly candle close in 48 hours to close above $93,500. This would be back to back weeks creating long wicks to the downside signaling lots of buying pressure as well as confirmation that $93,500 is a long term support level. A close above the $93,500 level would also continue the trend from Nov 2024. Failure to close this week above $93,500 could lead to retest of the 50 week EMA as support, which also aligns with a 100% fill of the CME gap that was created in November 2024.
The market is in a overall bull trend. But the way the market is consolidating I know it might go down a little to the 2871 level then head back up.
We can try a RR1(Low risk) or RR2 (High risk) Sell position... Seems that price is gonna have a rest (correction) after the huge bullish spike... Please Manage you risk... This is my personal analysis and could be RIGHT...
If you appreciate market geometry like me than this one will interest you. This may look like a mess to untrained eyes, but it gives valuable information. 3640 is the next stop according to the grid intersection. I dont like to use a single channel because it can be very subjective and you see what you want to see. But when the angle and width is tested by past history it removes personal bias and more accurate
Sharing 30 day and 6 month annualized PNL and performance relative to the bitcoin market. Your average term deposit will yield 3%, Mutual funds might net 25%, black box brockerage houses will net 50%-60% per annum. We had no difficulty beating all the odds to come out on top. Enjoy the views.
GBPUSD Trading Journal March 7 Analysis Price is in a Premium on the M/W. I admit that I have been more focused on DXY and EUR over GBP. I analyze this chart for clues and if set ups form when EUR doesn't. Price rallied over 300 pips compared to over 400 pips in EUR. Price did not want to retrace to the previous session the last 3 days. Note the patterns you witnessed this week during study this weekend what your take aways are. Today is NFP. Will Price come to the previous session 50 in a retracement. Or follow logic of parent logic we are in bullish conditions and Price seek higher prices today with the NFP.
Technical Analysis: 1. Trend Analysis: • H1 Chart: The price was in an uptrend but has started to weaken. The MACD is losing bullish momentum, and RSI is below 50, indicating bearish pressure. • M15 Chart: The price has recently made lower highs and lower lows, signaling a short-term downtrend. RSI is below 50, and MACD is negative. • M3 Chart: The price is breaking support levels and showing increased selling momentum. The MACD is bearish, and RSI is below 50. 2. Key Levels: • Support: $2895 (near recent lows) • Resistance: $2910 (previous structure level) 3. Momentum & Indicators: • RSI is below 50 on all timeframes, confirming bearish momentum. • MACD is negative on M15 and M3, indicating continued selling pressure. Fundamental Analysis: • US Dollar Strength: If recent economic data favors the USD (strong labor market, inflation concerns), gold could continue lower. • Risk Sentiment: If markets are stable or risk appetite increases, gold may decline further. • Interest Rates: If the Fed maintains a hawkish stance, gold could weaken due to higher real yields. ⸻ Trade Setup: • Entry: $2906 (near current price) • Stop Loss (SL): $2913 (above resistance) • Take Profit (TP): $2892 (previous support level) • Risk-Reward Ratio (RRR): 1:2 Execution Plan: • Enter short at $2906. • Stop-loss above resistance to avoid being stopped out by minor pullbacks. • Take profit at $2892, ensuring a 2:1 RRR. FUSIONMARKETS:XAUUSD
U.S. President Donald Trump has signed an executive order establishing a U.S. strategic crypto reserve, but rather than direct market purchases, it will be funded using previously seized tokens. Unsurprisingly, Bitcoin has slumped on the news. Now sitting in a symmetrical triangle pattern after entering from above, Bitcoin is threatening to resume its bearish trend. A downside break of triangle support would put $81,500, $78,206, and the 200DMA in play. If the latter gives way, there’s little in the way of technical support until $71,900. On the topside, Bitcoin struggled above $92,000 earlier this week, making it a key level to watch if triangle support holds. Good luck! DS