Hello everyone, it's Brian! As we kick off the new week, gold continues its sharp ascent. Currently, the precious metal is trading around $2438 USD, up nearly 1% for the day. Gold's bullish outlook remains favored and highly regarded, especially after successfully converting the $2380 resistance level into new support. With no signs of peaking just yet, the...
BONK ~ Updated #BONK It seems BONK is ready to break through the resistance line of this pattern. Note, If this happens, the Bulls will start to dominate from here.
Invesco QQQ Trust NASDAQ Elliott Wave Analysis Weekly Chart Elliott Wave iii) of 1 of (3)
VanEck Gold Miners GDX ETF Elliott Wave Analysis Weekly Chart Elliott Wave iii) of 1 of (3)
This is a long term idea on BTC and if it works out great. I just pulled a fib on the last move and put some TP's on 618, 786, and 886 and a few I have set to custom. I also notice that the RSI has reset. Keep in mind this is a weekly chart and so you are thinking macro. Do not think this will happen in a week, but anything is possible in trading. Cheers and good luck.
Looking for a sell opportunity in UJ Reason to take this trade: Looking for a breakout and retest in support area{Zone}. Use proper risk management. Thank you
Greyscale Bitcoin GBTC Elliott Wave Analysis Weekly Chart intermediate Elliott Wave (5)
Hello everyone, let's dive into our strategy for the new week! As the week kicks off, gold prices have impressively surged past $2432. Supported by the Dow Theory and the 34 EMA on the daily chart, the long-term outlook for gold remains positive. Looking ahead: Recent Kitco News surveys show strong optimism for gold. Out of 14 analysts, 11 predict a rise in gold...
Based on the m15 chart analysis, we can see that the price is rising toward our sell entry at 11.0878, which is an overlap resistance. Our take profit will be at 1.0855, a pullback support level. The stop loss will be placed at 1.0878, above the resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may...
Xauusd looking for correction mode still in buy side but correction needed at the moment... small risk we have to take he risk
May 13-18 is a super bullish sweep before ATH creates a new one. Further upward momentum needs to be reversed. The CPI OB looks likely to be a sustained bullish zone. When the price decides to trade in this area, it will expand to 15 m /5 m, which can gain a lower TF scalp or enter the highs of the current week.
XAUUSD - 24h expiry Price action continues to trade around the all-time highs. Buying continued from the 61.8% pullback level of 2372.7. Previous resistance at 2370 now becomes support. The primary trend remains bullish. Preferred trade is to buy on dips. 20 4hour EMA is at 2366.4. We look to Buy at 2370.2 (stop at 2356.2) Our profit targets will be 2405.2 and...
Bitcoin managed to break out of the $67,000 daily range, showing strong upward momentum. This breakout is also confirmed by the RSI indicator, which has broken the downtrend line on the daily chart. Given the time frame after the halving and the current market trend, the price of bitcoin seems poised to rise further. Key resistance levels to watch: First...
Hello, traders The trend is bullish, with higher highs and lows, but now H4 is diverging and the short position is up to 39635 Now there are two scenarios The first case 1. If the trend will break the Fibonacci 0.6 level, there is already a divergence Then there will be a reversal 2. If the level Fibonacci 0.6 is rejected and the EMA is below the Fibonacci level,...
My expectation is that something similar to the chart will happen. So far, after each halving, we have seen a bull market, but it takes some time for it to happen. In this part of the cycle, big corrections, painful dips and boring consolidations are perfectly normal. Stay patient, stay focused, get ready for the third quarter, and you'll be rewarded.
Hello, friends I like this oil long shot here, aiming for the 87-90 zone or wherever the rectangle is. Conservative traders can wait for a break in the channel to go long. I would have done the same.
The golden market seems to have been making higher lows on its way up, so we might expect another retest on our previous minor resistance resulting in another HL before price pushes higher to break the main resistance. But also keep in mind that price formed a bearish harmonic pattern which may cause the bullish structure to fail when reaching the main...