Hello Traders, From the pattern I see on the chart, Gold is likely to continue the downtrend to 2501 or even lower as there is a likelihood for price to take out the low that created the ATH for Gold before any form of reversal. There is a high probability that price may mitigate the "Bearish Mitigation Block" - The purple zone on my chart which is ranked first in the PD Array and crashes to the support at around 2501 and if that breaks, the tiny FVG in my chart may be closed first before reversal. Patience is a virtue in trading. I will patiently wait for my levels. Trade with caution and apply proper risk management.
XAU/USD may provide us a good buying opportunity around $2620 leave may result in more then 200 pip movement from there ?FOLLOW ON INSTAGRAM : @prftmatrix for more market insights
Watching this memecoin retrace after the last pump. Looking for a reaction at key levels.
Solana Mirrors Bitcoin’s Movement Solana is currently trying to stabilize around the $194 level, though this support line appears weak. Fibonacci retracement indicates the potential for a further drop to 38% or $191. Fundamentally, Solana remains a strong asset with significant potential . However, its short-term performance is influenced by market buzz, particularly speculation surrounding Trump’s and Elon’s next moves. At this stage, there are no possible options for entering deals, so we remain observing the situation.
Bearish Momentum: 1. A sharp move down (red arrow) is expected as price leaves the supply zone. 2. The confirmation of the bearish trend is seen in the breakdown of minor support levels. Trend: The current price action indicates a potential trend reversal from bullish to bearish. Key Risk: If the price breaks above the H1 supply zone, it invalidates the bearish setup and suggests further upside.
If you’re planning a **sell entry at 2630** for gold, here’s a detailed plan for your setup: --- ### **Sell Entry at 2630** #### **Rationale for 2630 Entry**: 1. **Resistance Zone**: - 2630 is a psychological and technical resistance level where sellers might dominate. 2. **Overextension**: - If gold reaches this level after a strong upward move, it could indicate overbought conditions and exhaustion. 3. **Market Sentiment**: - Failure to sustain above 2630 would confirm bearish sentiment and likely trigger selling pressure. --- ### **Trade Setup Details** #### **Entry**: - **Sell at 2630**, ideally after confirming a rejection (e.g., bearish candlestick patterns like a shooting star, bearish engulfing, or strong wick rejections). #### **Stop Loss**: - Place the stop loss slightly above 2635 to protect against false breakouts. - Alternatively, use the ATR (Average True Range) to calculate a dynamic stop. #### **Take-Profit Targets**: 1. **Target 1**: 2620 - This is the next key support and provides a conservative risk-reward. 2. **Target 2**: 2608 - A strong support zone where buyers might re-enter. 3. **Target 3**: 2600 - If the bearish momentum is strong, this level could be reached. --- ### **Confirmation Signals Before Entry** 1. **Candlestick Patterns**: - Look for a rejection near 2630 with patterns such as: - Shooting Star - Evening Star - Bearish Engulfing 2. **Momentum Indicators**: - **RSI**: Overbought readings (above 70) near 2630 confirm exhaustion. - **MACD**: A bearish crossover or divergence around 2630 strengthens the sell case. 3. **Volume Analysis**: - Declining volume on the move up to 2630 indicates a weakening bullish trend. --- ### **Risk Management** - **Risk-to-Reward Ratio**: Aim for at least 1:2 or 1:3 to ensure a favorable outcome. - Avoid entering immediately if price breaks above 2630 without signs of rejection. --- ### **Fundamental Watch** 1. **DXY Correlation**: - If the DXY strengthens (moving toward 108.100), it aligns with a bearish gold move. 2. **Economic Data**: - Monitor for any major data releases (e.g., U.S. GDP, inflation data, or Federal Reserve comments) that could influence gold prices. CAPITALCOM:GOLD -
Positional Trade opportunity on TATA MOTORS CMP & ENTRY - 743 SL - 690 Target - 940-950 Trading near demand zone. So possibility of markets going higher from here Disclaimer: Not Financial Advice; Only for educational purposes
After experiencing five waves of daily level rise and reaching the top, gold formed a top at 2790 and pulled back. The gold price then accelerated to 2546 and then rebounded to 2720, but the price fluctuated widely at a high level. A double top fallback structure was formed at 2720. In the short term, it further fell to 2583 and then rebounded. The current price is around 2583, forming an ascending triangle consolidation structure. The upper resistance is 2635, which is in the short-term rebound repair stage. Overall, the trend of gold has changed from rising to sideways consolidation. The short-term trend is in the rebound repair stage after falling. In terms of operation, pay attention to the consolidation of the triangle structure before operating. Operation suggestions: Long order: If the price falls back to the bottom of the triangle structure 2610 without breaking, you can consider participating in the order. Target: 2625, 2635, 2664. Short order: If the price rebounds to the 2630-2625 area, you can consider participating in this range. Target: 2610, 2595, 2580. Steady operation: It is recommended to wait for the gold price to break through the triangle consolidation area before entering the market. If it breaks through the 2630-2635 area, you can consider long orders. Target: 2665, 2680, 2700. If it rebounds to the 2610-2600 area, you can consider short orders. Target: 2585, 2560, 2545. If you have any different views on the future of gold, please leave a message and like it. Thank you
Currently, the price of gold is fluctuating around $2,625 per ounce. The gold market is showing signs of lull following the holiday break, with no significant breakthroughs observed. Last week, gold came under strong pressure due to expectations surrounding the Federal Reserve's (Fed) interest rate policy. Inflation remains high, raising concerns that the Fed may slow down the pace of interest rate cuts in the coming year. This not only creates uncertainty in the global economy but also strengthens the US dollar, thereby diminishing gold's appeal as a safe-haven asset. Looking at the technical chart, while I expect the support level at $2,610 to help gold maintain a stable trend in the short term, the outlook for strong growth in gold seems limited. In fact, gold may face two key resistance levels at $2,626 and $2,620. These resistance levels will create significant barriers, making it difficult for gold to break through and continue rising sharply. With both fundamental and technical factors at play, the likelihood is that gold will fluctuate within a narrow range over the next few days, and may experience a slight decline if it fails to break through the resistance levels mentioned. However, if the $2,610 support holds, gold could remain stable, with no significant decline expected in the short term.
RCAT witnessed a sharp rebound after forming a higher low at 7.76$, to violate the resistance level at 11.33, and remaining above this level, will push the stock to test the last peak 12.57, which is the level that needs to be violated to confirm the major uptrend, triggering further rises near $13.90, $15, $16.20, and $17 in the short term. The stop-loss lies below 10$. the indicators are heading toward the positive side, which confirms the mentioned positive scenario. Disclaimer: This analysis is for informational purposes only and does not constitute financial, investment, or commercial advice or recommendations.