Hey traders! Check out today's Gold trading zones and let's discuss potential opportunities.
The Weekly Time frame remains bullish until the Weekly Bearish FVG due to the weekly time frame retracement, although the weekly time frame price structure is still bearish, the weakness in Dollar index makes me doubt the Cable Bears. On the Daily time frame, the GBPUSD(Cable) took out a significant recent swing high changing the daily price structure from bearish to bullish, I will now look for support ideas to buy the cable. My point of interest has been indicated on the daily chart
James Hello everyone! USDJPY is still moving in the right direction today, once again going through a corrective phase with the downtrend still intact and the EMA 34 - 89 showing no significant signs of reversal, signaling a potential further decline. Personally, I remain steadfast and continue to wait for the main pair to decline with the expectation that the price will soon reach the main target of 151.40 or further if the sellers consolidate below this level.
Early in the American session, gold is trading around 2,911 within the bullish trend channel forming since February 20, below the 21 SMA, and above the 5/8 Murray. Gold maintains its bullish bias, consolidating around the psychological level of $2,900. Over the past few weeks, gold has been under strong volatility due to the US President's comments regarding tariffs. His policy has generated concern among investors and in turn, has benefitted gold as a safe-haven asset, boosting its price. We can see that the price has formed a double-top pattern on the H4 chart, which means that gold could continue its bearish bias. We should wait for a confirmation in the next few days whether gold breaks and consolidates below the uptrend channel around 2,890 On the other hand. if XAU/USD consolidates above the 21 SMA located around 2,904 in the next few hours, the price will likely continue its rise and could eventually reach 6/8 Murray located around 2,968. The indicator is showing oversold signs. So, we believe that in case there is a technical correction in the next few days and if the price consolidates above 5/8 Murray, any technical bounce will be seen as an opportunity to buy gold. We must be on the lookout for a breakout of the bullish trend channel, which could lead to a sharp drop in gold and the instrument could reach the 200 EMA located at 2,789.
bitcoin is brewing an apparent leg down. scalp opportunity brewing
Team, SET limit order to short UK100 double up at 8782-96 and potentially triple up at 8826-45 - with target at 8235-46 I am shorting UK100 at 8760-65 ranges Target 1 at 8736-8742 Target 2 at 8722-8728 Target 3 at 8696-8705
Looking at Us30. We should expect a push towards the upside to complete the last phase of the wave cycle based on the Monthly overall direction.
? ? ? Timeframe: 30-Min Chart ? Setup Type: Symmetrical Triangle Breakout ? Trade Plan (Long Position): ✅ Entry Zone: Above 0.7827 USDT (Breakout Confirmation) ✅ Stop-Loss (SL): Below 0.7646 USDT (Breakout Invalidated) ? Take Profit Targets: ? TP1: 0.8038 USDT (First Resistance) ? TP2: 0.8282 USDT (Extended Bullish Target) ? Risk-Reward Ratio: ? Risk (SL Distance): Below 0.7646 USDT ? Reward to TP1: 0.8038 USDT ? Reward to TP2: 0.8282 USDT ? Technical Analysis & Strategy: ? Breakout Confirmation: A strong push above 0.7827 USDT signals bullish momentum. ? Resistance Levels: Watch 0.8038 USDT for potential rejection or continuation. ? Retest Possibility: Price may retest the breakout zone before moving higher. ? Final Thoughts: ✔ Bullish Setup – Holding above 0.7827 USDT could lead to higher targets. ✔ Momentum Watch – Volume confirmation is key. ✔ Smart Risk Management – Stick to the plan, secure profits, and trade wisely! ? #CryptoTrading #ADAUSD #BreakoutTrade #ProfittoPath #TechnicalAnalysis ? Let me know if you need any modifications! ??
Gold (XAU/USD) has been in a strong uptrend, but I believe a selling opportunity may emerge soon. • Price is trading near the top of a rising channel, approaching a key resistance zone. • Overextension and possible exhaustion could signal a reversal or deeper pullback. • My approach is to wait for confirmation—signs of weakening momentum, bearish price action, or fundamental shifts before entering a short position. Technical Outlook: • Resistance: $2,900 - $3,000 (potential rejection area) • Support: $2,600 - $2,500 (targets if a sell-off occurs) • Indicators: Watching RSI for overbought conditions and candlestick patterns for reversal signs Fundamental Factors: • U.S. economic outlook – A strong labor market or inflation surprises could pressure gold. • Central bank demand – If demand slows, gold may correct. • Geopolitical risks – Uncertainty could delay a reversal, but a shift in sentiment may trigger selling.
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