Our algo suggests a correction in physical gold prices. This might be a slow decline over a year or so. Target price is around 2300 i.e. 23 for AAAU. All the best. Marketpanda Disclaimer: The information provided is for general informational and educational purposes only, and does not constitute financial, investment, or legal advice. None of the content shared should be relied upon as the sole basis for making investment decisions. Prior to making any financial or investment decisions, it is strongly recommended that you consult with a qualified financial advisor, accountant, or other professional who is familiar with your individual circumstances and risk tolerance. Any reliance you place on the information presented is strictly at your own risk, and we are not responsible for any losses, damages, or liabilities resulting from your investment or trading activities.
Bitcoin has not done much in the previous week besides defining the range of the trade area that I anticipated a week earlier (in a matter of one day actually). The key technical points are established and it is a matter of catalyst and confirmation when it comes to aligning with the potential trade areas that can develop over the coming week. The 105K AREA is the key resistance while the 100K AREA continues to be the key support. Price action confirmation in either one of these areas can justify risk for smaller time frame strategies. This is a tricky time, and one where the wrong opinion will be very costly which is why I am a big proponent of probabilities NOT opinions. The broader trend is bullish which means resistance levels are more likely to break, UNLESS proven otherwise. With a double top now established in the 105 to 108K area, the higher probability entry for longs would be the low 100K area. Which can also offer shorting opportunities for smaller time frame strategies. IF 100K is cleared, that would increase the chances of a 90K test. This may be a Wave 4 of a much broader Wave 3. There is no way to know for sure until the market breaks one way or the other to confirm. In bullish trends, support levels tend to be maintained which presents buying opportunities at least on smaller time frames at the 100K area, anticipating a test of the 105 to 108K. This type of price action can be classified as a consolidation on the short term and expectations should be adjusted for that. What about a bullish break above the 109K area high? While the general price structure favors such a scenario, the question is what is going to drive the price? Instead of trying to guess, IF this is the path the market will choose, I would rather WAIT and let the market confirm before taking any action. Sure I would have to sacrifice better entries, but I am okay with that if it means getting on the right side of the price momentum. Thank you for considering my analysis and perspective.
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! When it comes to trading, patience is often as important as the strategy itself. As I stared at the chart for what felt like an eternity, I couldn’t help but notice the mixed signals emerging from the Elliott Wave side of things. Mixed signals can be frustrating, especially when you’re eager to make a move, but they’re also a reminder to slow down and let the market tell its story. In moments like these, clarity is everything. For me, clarity comes at specific levels—in this case, 3k or 3750. Until one of these levels breaks, I can’t say I’m confident enough to take a stance or make an entry. Trading without clarity isn’t trading; it’s guessing. And let’s face it, guessing doesn’t have a great track record in this game. Why 3k and 3750 Matter So, why these specific levels? In technical analysis, certain price points serve as psychological or structural boundaries. They’re often where traders make decisions that push the market one way or another. A break of these levels would signal a shift—whether in momentum, sentiment, or structure—that provides the clarity I need to move forward. Elliott Wave analysis is notoriously nuanced. Sometimes the waves line up perfectly, painting a clear picture, and other times they leave you scratching your head. Right now, the picture isn’t clear enough for me to confidently interpret the waves, which is why those key levels are so important. They act as filters, cutting through the noise and allowing me to focus on the signal. The Power of Patience Patience in trading isn’t just about waiting—it’s about waiting with purpose. The market doesn’t reward impulsive behavior, but it often rewards disciplined traders who wait for the right setup. That’s why I’m holding off for now. If one of those levels breaks, I’ll reassess, recalibrate, and, if everything lines up, begin the hunt for an entry. The idea of “the hunt” is what keeps me engaged. It’s not about rushing to pounce on an opportunity; it’s about tracking it, understanding it, and striking when the odds are in your favor. But before the hunt, there’s the waiting. Dealing with the Uncertainty It’s worth noting that uncertainty is part of the game. No chart analysis, no matter how thorough, can guarantee an outcome. What you can do is put yourself in a position to make informed decisions based on your strategy and the information available. Right now, the information I need lies at the 3k and 3750 levels. Until those break, my job is to sit back and observe. Waiting for clarity might feel passive, but it’s an active part of the process. By staying patient, I’m avoiding the pitfalls of premature action and ensuring that when I do make my move, it’s backed by data, analysis, and strategy—not emotion or guesswork. Final Thoughts Mixed signals are part of the trading experience. They can test your patience and make you second-guess your approach, but they’re also a valuable reminder to stick to your plan. For me, that means waiting until 3k or 3750 levels break. When they do, I’ll be ready to act. For now, the hunt is on pause. But once clarity shows up, that’s when the real work begins. Until then, it’s all about watching, analyzing, and preparing. Because in trading, as in life, timing is everything. Trade safe, trade smart, trade clarity.
Hello everyone, starting this sunday with a EURUSD Long Analysis: As we can see, we have recently entered a bullish trend and I believe we are really close to a great entry. As seen on the chart, the bottom trendline and what was this months highest resistance (now hopefully a support) are really close to be reached. and if the EURUSD keeps following the same trend as it has for now, we should have a solid trade. I expect price to reach 1.05559 where my TP will also be set. I have set the SL at 1.03969 which leaves room for the trade to breathe in case of high volatility during Mondays NY Session, which leaves us with a 3.02 Risk/Reward. Happy trading! Let me know your thoughts on this.
Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
I think XRP will remane the frontrunner in this Bullrun. As visible in the chart, I'm expecting a small wave-4 to finish soon, with the price ready to break out of the triangle pattern. Afterward, the price could jump up quite impulsively, completing wave-5 of the larger wave-(3).
Hello traders GBPNZD has been forming a triangle pattern since 13 January and has now broke bullishly out of it. While it was a descending triangle, the rsi had been forming a bullish divergence showing a sign of strength. Add to this the fact that this setup is forming on a daily trendline making this a high probability setup to me. This is the link to the daily chart https://www.tradingview.com/x/qN07JMaN/. For me the entry would be to place a limit order slightly above the 0.5 fib level and a target of the largest range inside the triangle as marked on the chart.
Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
EU this week giving us the bullish bias that we carried over from the Tuesday morning bias change. of course Orion told us as soon as the bias changed and we stayed on its tall the whole way to its current position. as it stands we are looking for longs into the target highs we have marked on our chart, but of course without a pullback we expect price to keep running and hit our targets . if we do carry the bullish move to our targets without hitting an entry low we will look for a new low to be created to then trade up into the highs once again. but our plan currently is the lows to be ran and the current targets remain in place giving us a strong target high to aim for. Trade safe stick to your plan and always follow Orion!