Gold prices continued to fall below $2,700 during the Asian session on Monday. Among the factors driving the decline were higher US Treasury yields, easing tensions between Israel and Gaza, and the market awaiting the inauguration of US President Donald Trump. Investors are waiting for President Trump to issue the first order on the US President's diamond so they can make specific investments. Technically: Determined based on the H4 time frame and following the trend line as follows: Resistance: $2724, $2748 Support: $2660, $2635 Price Zone Setup: ? Buy XAU 2686-2684 (Asia-Europe Session) ❌SL: 2679 | ✅TP: 2691 - 2698 – 2710 ? Buy XAU 2662-2660 ❌SL: 2654 | ✅TP: 2668 - 2674 – 2780 ?SELL XAU 2748-2750 ❌SL: 2755 | ✅TP: 2742 - 2737 - 2730 Thank you for reading my comment: "FM"
CUAN has been experiencing significant trading volume, particularly after its inclusion in the FTSE index. Given its strong uptrend, it is important to be cautious of potential reversals, especially since the current price is near its all-time high. A bearish divergence is observed on the 1-hour chart using the MACD indicator, as the candlestick pattern shows an upward trend while the MACD line indicates a downward trend. This divergence could signal a minor correction within the major uptrend, with a potential price pullback to the first support level (13,675 - 13,500). This potential correction presents an opportunity to enter new positions at a more attractive price, considering the average market price of big funds at 12,138, based on accumulation since December 12, 2024. However, this bearish signal would be more confirmed if the MACD line crosses below the signal line. Disclaimer: This analysis is for general information purposes only and does not constitute financial advice. Investment decisions should be made based on an individual's specific financial situation and after consulting with a qualified financial advisor. The author is not responsible for any investment losses
H4 IS CLOSING . Looking for this setup as the economic financial backing system might turn a sell for top system. Once this trade secures might explain the reason afterwards
Last night, it dropped and then made a bearish consolidation inside the base, the downward target paid off after being accompanied by BTC dropping as well. The current price level is the downside target of the bearish consolidation. when the drop earlier made PO3 from the falling wedge managed to reclaim fibo 382 which means market sentiment is still good. prediction of this base pattern Descending broadening if calculated from the last falling wedge, the upside target is right at the 3rd Resist. later after the 3rd resistance there is a minor/major reject first before breakout main target to fibo 2,618 if there is still a continuity pattern it means 200$ is possible
EUR/USD Analysis Update The EUR/USD pair is showing strong bullish momentum as it continuously rejects its support zone around 1.02990, forming a solid bullish candle. Key Levels: Technical Target: 1.04265 First Support: 1.02880 Second Support: 1.02480 First Resistance: 1.03025 Second Resistance: 1.03345 This move indicates buyers are gaining strength, pushing the price toward the next resistance levels. Keep an eye on these zones for potential breakout or reversal opportunities.
Flat or slightly gap up opening expected in nifty. After opening it will face resistance at 23250 level expected downside movement from this level upto the 23050 in today's session. If nifty starts trading and sustain above the 23300 level then expected upside movement upto the 23500+. 23500 level will act as a strong resistance for today's session.
Looking at the gold price action on the 4-hour chart, I see some technical signals supporting the possibility of a price increase. Currently, the price is hovering around $2,699 and maintaining above the EMA 34 ($2,693) and EMA 89 ($2,672). This shows that the uptrend is still dominant. At the same time, the price bounced after touching near the EMA 34 in the recent session, reinforcing the important support role of this area. The arrangement of the EMAs still supports the uptrend, with the EMA 34 above the EMA 89. This combined with the recovery momentum from technical support creates expectations that the price will test the important resistance zone at $2,728. A break of this level would open the possibility of a price increase to the $2,750 area and higher. However, it should be noted that the support zone at $2,693 (34 EMA) will be the first line of defense if the price corrects. If the price breaks this zone, selling pressure could push the price down to the $2,672 (89 EMA) zone. Fundamentals: Lower-than-expected inflation data has reinforced expectations that the US Federal Reserve (FED) will continue to cut interest rates, which will weaken the USD and increase the appeal of gold as a safe-haven asset. At the same time, investors are still waiting for economic policy information after Donald Trump returns to the White House. I see gold in a short-term consolidation but has the potential to bounce if it breaks the important resistance zone. Watch the $2,728 zone closely to assess the next market momentum.
Hello Friends! I hope it will touch the "0.56764" level then it can make some corrections. After her correction, it has more chances to touch the "0.57504" level. But if it create counter setup, then close it instant. Do you have any questions, suggestions, or feedback? Then write a comment or private chat. If you need any help, info, or analysis. Then knock me without any hesitation. …Thank you…
OANDA:EURUSD EUR/USD Elliott Wave: Key Waves & Trade Opportunities Elliott Wave Analysis for EUR/USD Identified Elliott Wave Patterns: Primary Wave Degree: Wave 1: Starts at the high around 1.0500 (early December) and ends at the low around 1.0300 (mid-December). Wave 2: Corrective wave retraces to around 1.0450 (late December). Wave 3: Impulsive wave drops to around 1.0200 (early January). Wave 4: Corrective wave retraces to around 1.0300 (mid-January). Wave 5: Potential completion around 1.0175 (late January). Intermediate Wave Degree: Wave (i): Starts at the high around 1.0450 and ends at the low around 1.0300. Wave (ii): Corrective wave retraces to around 1.0350. Wave (iii): Impulsive wave drops to around 1.0200. Wave (iv): Corrective wave retraces to around 1.0275. Wave (v): Potential completion around 1.0175. Minor Wave Degree: Wave (a): Starts at the high around 1.0300 and ends at the low around 1.0200. Wave (b): Corrective wave retraces to around 1.0250. Wave (c): Potential completion around 1.0175. Potential Future Price Movements: Based on the identified Elliott Wave patterns, the EUR/USD pair is likely to complete the final wave of the primary degree around 1.0175. After this, a corrective wave (Wave A) could push the price back up to around 1.0300, followed by another impulsive wave (Wave B) down to around 1.0150, and finally a corrective wave (Wave C) up to around 1.0350. Trade Recommendations: Long Position: Entry Point: 1.0175 Stop-Loss: 1.0150 Take-Profit: 1.0300 Risk to Reward Ratio: 1:2 Short Position: Entry Point: 1.0300 Stop-Loss: 1.0350 Take-Profit: 1.0150 Risk to Reward Ratio: 1:2 Specific Price Levels: Here are the key Fibonacci levels and support/resistance levels: Fibonacci Levels: 0.382: 1.0400 0.5: 1.0350 0.618: 1.0300 0.705: 1.0275 0.786: 1.0250 Resistance Levels: 1.0500 1.0450 1.0400 Support Levels: 1.0350 1.0300 1.0250 1.0200 1.0175 1.0150
Bonk still going down for around 0.2 levels. Clear channel down. Fake moves around it but always getting back inside... Hunting stoplosses from both sides and rekting bulls and bears. Don't get trapped