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Gold will grow a little more and then make correctionHello traders, I want share with you my opinion about Gold. After forming a downward wedge and several rejections near the support line, the price eventually broke out to the upside, signaling a reversal. This breakout was followed by a strong upward impulse, and Gold quickly shifted into a consolidation phase, creating a wide sideways range structure. Inside this range, we observed multiple rebounds from the lower boundary and a gradual rise toward the resistance level. Recently, the price exited the range upward after testing the buyer zone and breaking above the support area. However, this breakout seems impulsive and may need a correction. Currently, Gold trades slightly above the 3400 level, which aligns with the support area and the previous range border. In my view, the price may make a short upward move, followed by a return to the current support level. That’s why I set my TP at 3400 points, which corresponds to the support area and acts as a potential bounce zone in case of a retracement. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDShort
by LegionQ8
10
Gold can rebound from support line of wedge to seller zoneHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price rebounded from resistance level and started to decline to the support level, which coincided with the buyer zone. Then the price broke the 2625 level and dropped to 2536 points, and then started to grow inside the wedge. In a wedge, the price soon reached the 2625 support level and broke it again. Then the price made a retest and continued to grow to the resistance line of the wedge, and then turned around and dropped to the support level, breaking the 2690 resistance level. After this, Gold started to trades inside the range, where it some time traded near the support level and later made a strong impulse up to the resistance line of the wedge, exiting from the range and breaking the resistance level, which coincided with the seller zone. But a not long time ago, the price turned around and dropped to the support line of the wedge, breaking the resistance level one more time. In my mind, Gold can fall to the support line of the wedge and then rebound up to the seller zone. For this case, I set my TP at 2700 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
9
AUDCHFClassic AMD Trade In SnD Schematic Daily Time-frame On The Left Breakdown Using The PD Arrays We Have Identified That Price Is At Discount Price Prior To The Latest 2021(Nov & Dec) Swing High And Swing Low We'll Be Looking To Frame Sell Setups That Would Meet The PD ARRAYS Discount PD Arrays > Old High > Rejection Block > Bearish Orderblock > Fair Value Gap > Liquidity Void > Bearish Breaker Block > Bearish Mitigation Block Let's Checkout Our PD ARRAYS > Old High ✔️ > Rejection Block (Not Found In The HTF) > Bearish Orderblock (Labelled $$$> Which Acts As A Supply Zone Also) ✔️ > Fair Value Gap ✔️ > Liquidity Void ✔️ > Bearish Breaker Block (Pending) > Bearish Mitigation Block (Pending) We Looking For A Small Pullback to Filled The Liquidity Void Which Will Validate The Setup On The Right , The STF Setup. 2H Time-frame On The Left Breakdown We Have Divergence , Oscillator Showing That Price Failed To Make Higher Highs, We'll Apply That As A Reversal Symbol Followed By Reversal Price Actions Rising Wedge Pattern Formed , Yet Hasn't Broke Out Wedge Patterns Usual Form Reversal Patterns Like Head And Shoulders And M-Formations OR Both The Reversal Pattern Will Determine Our Directional And Entry Point We Have A STF Classic AMD Trade , Our A Box Is Complete > M = Has Already Set In We Waiting For The D Movement To Take Out The Low And Retest At The Equilibrium Of The A BOX DISCLAIMER : Before using this Tradingview account setups, please make sure that you note the following important information: Do Your Own Research ( DYOR ) Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. No Investment Advice Our Tradingview account is a financial data and news portal, discussion forum and content aggregator. Circle Forex Institution is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. We are not regulated by the Financial Services Authority. We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
Short
by Prof_Invests_ZA
Bitcoin dominance Formation of an ascending wedge before halvingBitcoin dominance chart by market capitalization. Perhaps an upward wedge will form before halving. Then a strong drop in the dominance of bitcoin and pumping altcoins. I showed the zone for a more likely reversal on the chart, although the entire zone for observation is the line of the uptrend. You also need to understand that the situation can change quickly if domination breaks the uptrend line (red line) and consolidates below it. This will mean the beginning of a downtrend and the beginning of a full-fledged pump of the viola season in which most already do not believe, and this is a good sign. Domination is for a long time near this trend line of the uptrend, and the further in time, the situation is heating up. Sooner or later we will see her breaking through. I think everyone is looking forward to it.
CRYPTOCAP:BTC.D
by SpartaBTC
15
NLG decision day upon us! 600 SAT or 40 SAT?Hello dear followers, First of all I would like to say that Gulden is a great project from the Netherlands, it has a real use case, you can pay with them at numerous online shops and at the markets. The development team is very active and they are constantly looking for ways to make the chain stronger and the coin more user-friendly. However, this positive development cannot be said about the price unfortunately. I have made a TA on the NLGBTC chart. I see the possibility for two scenario’s, and I must say the no-one can tell which one will play out until we break the wedge pattern to one side. The bearisch scenario: Gulden is trading in an descending triangle, which has broken to the downside and has an extrapolated target of 40 Sats. Is has tested the 400 Sats with a wick and is has now become resistance clearly. The bullisch scenario: Gulden is trading in a Falling Wedge pattern, like many altcoins do at the moment. This is a bullish pattern, but means nothing until we break it to the upside. When we do so, it has a target of 600 Sats. Also the ADX and DI had a bullish cross, but the lines are already coming closer to each other and the momentum is also decreasing. So this is an exciting time, which scenario will play out? You can also take a look at my BTC idea and possibly leave a like. Trade safe!
N
by Cornevdberg
4
Oil failed H&S and ready for a correction?On the left we can see a big inverse H&S for oil. I had many questions the past weeks about this one from my members. The all got the same answer: The shoulders are too small, especially the right shoulder. There are always 2 important factors to take into account when doing TA or determine waves, those are time and price. Meaning, the right shoulder could have been small in price, but then it had to be much bigger in time. Or the other way around. With this H&S, both are very small so they fail almost every time. Anyway, i am looking for another small wave up like the blue line. If that happens, and we stay below the previous low AND we break that trend line, i will probably short this one. The 52 zone seems to be a good support level, so if i get into this trade, i will take some profits there to reduce the risk. Previous analysis:
OANDA:WTICOUSD
by botje11