Price found strong support in fib 'golden zone' between 61.8% and 50% fib points. Long bias from here as price stays above 105K. Next area of interest is 1.618 fib point at 130K before any reversal possibility.
Who else is watching this #ETH falling wedge? Golden fib extension by mid-February?
GOLD - 24/1/2025 Resitance: 2807.986 Resitance: 2796.891 Bullish above: 2785.795 Bearish below: 2763.605 Support: 2752.509 Support: 2741.414
Targeted 2024 high to be ran out, and higher. Waiting for MSFT
Last chance for bulls to trigger CRV rally to 3. If bulls manage to keep price above 0.8 demand zone next area of interest is $1.3.
The mixed PMI data(Flash Manufacturing and Flash Services) from the U.S. reflects contradictory signals, likely leading to short-term Gold price volatility without significantly affecting its main trend . What is your idea!? -------------------------------------------------- Gold ( OANDA:XAUUSD ) is moving in the Potential Reversal Zone(PRZ) and Time Reversal Zone(TRZ ) and managed to break the Uptrend line . According to the theory of Elliott waves , it seems that 5 impulsive waves have ended, and we have to wait for corrective waves . Another sign of Gold correction can be the formation of a Shooting Star Candlestick Pattern ( with high volume ) and, next to it, a confirmation candle in the 1-hour time frame . Educational Tip: The larger the volume of the candle, the more valid the candle and the pattern it forms. Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . In terms of Classical Technical Analysis , we can expect the formation of a Head and Shoulders Pattern . ( It is better to wait for the formation of the right shoulder ). I expect Gold to attack the Support zone($2,764-$2,757) and Uptrend lines soon , and if they break, we can expect Gold to fall to the Support lines . Can Gold make a new All-Time High(ATH)!? Please share your ideas in the comments. Note: We can expect more pumps if Gold goes over $2,794. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 1-hour time frame. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button ?? & Share it with your friends; thanks, and Trade safe.
Little retest on the trendchannel. Bouncing of off Demand-Zone. Running into the Supply Zones. TP on the way. Manage your risk properly.
Will USDZAR continue it's bearish movement. A retrace into the 18.43 area, I'll be looking for short. Let's see how this will unfold.
⚪️ SEED_DONKEYDAN_MARKET_CAP:STEEM 4D Timeframe Simple & Bullish structure ? Accumulation within key support → breakout → potential re-accumulation for the next leg up SEED_DONKEYDAN_MARKET_CAP:STEEM heading toward $0.5474 looks inevitable ✈️ ? Target 1: $0.4105 ? Target 2: $0.5474
This is related to the previous short 2 days ago. The position has been just closed but I realize that the momentumis still given. Thus I am renewing the short position and wonder wether the correction of the October- December rise may even further continue.