Chart Patterns
GOLD Is Bearish! Short!
Please, check our technical outlook for GOLD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 2,770.874.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,759.181 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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BTCUSD: NEW HIGHER HIGH (BULLISH)Disclaimer: This analysis is not a trading advice but is for learning purpose only.
My dear fellow trader! what do you think about BTCUSD today's trend.
BTCUSD current price:104400
BTCUSD is fundamentally and technically Bullish. I gave 109000 target because market t test this area before it goes further high. now BTCUSD will be create new higher high.
SUPPORTING AREA:103200_102200
RESISTENCE AREA: 106000_109000
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GOLD Price will Reject From Resistance Area Hi traders what's do you think about GOLD given suggestion in comments.
XAUUSD price action with a focus on key levels. Based on your outlook, it seems like you're anticipating some pullback due to the hawkish stance from the Bank of Japan, and you're considering the upcoming economic data releases, like the US GDP and Fed's decision.
Rejection Point: 2789 - This seems like a crucial resistance level. If the price tests this and fails to break above, a rejection could lead to a downside move.
Current Price: 2776 - This is just below your resistance zone, and price might move toward 2789 to test the resistance before pulling back.
Support Levels:
2760: A decent support level; if price dips here, it might find some buyers stepping in.
2740: A second support, which could be key for holding further declines.
Considering the data releases on Friday (US GDP and Fed decision), there could be some volatility around these levels.
What are your thoughts on the potential outcomes from the Fed's decision? Do you see them leaning more towards tightening, or do you think a pause might result in further strength for the USD?
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NFLX Netflix Options Ahead of EarningsIf you haven’t entered NFLX in the buy zone:
Now analyzing the options chain and the chart patterns of NFLX Netflix prior to the earnings report this week,
I would consider purchasing the 850usd strike price Calls with
an expiration date of 2025-1-24,
for a premium of approximately $41.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
USDJPY and GBPJPY Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
#GLMR/USDT Ready to take off upwards#GLMR
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.1515
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.1587
First target 0.1703
Second target 0.1856
Third target 0.2024
BTCUSD ANALYSIS POSSIBLE MOVEMENT (READ CAPTION)Hello traders here's my first BTCUSD idea, what you think on it? share your thoughts on it in comment section
In my personal analysis BTCUSD can fall till 100K,There's resistance level 106,800 if break it then possible to upward move till 109,000,
Key Points
Current Price 105,300
Resistance Level 106,800
Support Level 100,500
Target Area 100,500
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It's disappointing !!!Once again, The price action could drop to $95K and then return to its peak. It will take some time to recover from the damage that these sh*t meme coins have done to the crypto market.
Give me some energy !!
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Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTCUSD TRADING POINT UPDATE > READ THE CHAPTAINBuddy'S dear friend 👋
SMC Trading Signals Update 🗺🗾 Cryptocurrency Traders SMC-Trading Point update you on BTC USD Trading Signals BTC USD still holding it down trand 107k 3 Time rejected oderbolk ) 105k) rejected again Short Trade now 3H Time Frame 🖼️ target point 99k)
Key resistance level 107k) 109k)
Kye support level 102k) 101k ) 99k)
Mr SMC Trading point
Support💫 My hard analysis Setup like and following me 🤝 that star ✨ game 🎮
GINNAN - The most undervalued meme right nowI'm adding every dip on $Ginnan for many reasons
* the coin averaging 4M$ volume per day with a marketcap of 4M$, that's insane number.
* they have IP rights.
* the chief consultant of Shiba Inu is a core team member.
I believe 100m$ cap in no hard for Ginnan, lets see.
Please be aware that trading mem coins is a high risk trade.
Ethereum (ETH): Re-Testing Broken Zone + EMAsEthereum is re-testing a local zone that has aligned with EMAs.
This is the zone we are keeping our attentions at, as we are expecting to see a successful re-test (which means rejection).
Upon seeing a rejection there, we will look for MSB on smaller timeframes and then a steep 8% downward movement to the target zone so let's wait.
This scenario will be optimal as long as we stay below 200 EMA!
Swallow Team
Diamond patternPattern Description:
The chart shows a classic diamond pattern that has formed in the price of gold. This pattern is a reversal formation, where the price initially expands in a diamond shape and then contracts until a breakout occurs.
Analysis of the Movement:
Diamond Formation:
The pattern started to form around mid-November 2024 with the upper vertex of the diamond reaching a high of $2,730
The bottom of the diamond was established at $2,479 marking the initial support of the pattern.
Breakout to the Downside:
The breakout of the diamond support was confirmed when the gold price fell below $2,479
This breakout is a strong bearish signal, indicating that selling pressure has outweighed buying pressure.
Fibonacci Levels:
Following the breakout, the gold price has touched several Fibonacci retracement levels:
$2,663 (approximately 38.2% retracement from the diamond high to the low)
$2,631 (approximately 50% retracement)
$2,603 (approximately 61.8% retracement)
$2,584 (approximately 78.6% retracement)
These levels have served as temporary resistances during the fall, but the price has continued to decline, reinforcing the validation of the breakout.
Future Projection:
Given the strength of the breakout and the respect of the Fibonacci levels, the gold price is likely to continue seeking lower levels. The next target could be the previous low around $2,480 or even lower levels, depending on the continuation of the selling pressure.
Conclusion:
The breakout of the diamond pattern to the downside in gold suggests a continued bearish trend. Traders should pay attention to the mentioned support levels and consider short positions as long as the price does not break significantly above the original breakout level (2,480 USD).
Recommendation:
Entry: Consider short positions near Fibonacci resistance levels, especially if there is rejection at these levels.
Stop Loss: Just above the diamond breakout level to protect against a possible reversal.
Take Profit: At significant support levels or at previous lows.
WTI Oil Short: Bearish Setup After Sharp RallyOil prices have surged impressively, fueled by recent fundamental-driven market moves. However, this swift upside has led WTI crude to my point of interest, offering a prime opportunity to short against the trend. My trade strategy includes taking partials at the $74 price zone. Here’s why this setup is supported by bearish fundamentals:
1. Rising U.S. Fuel Inventories
Recent data shows significant growth in U.S. gasoline and distillate stockpiles, hinting at a potential oversupply in the market.
2. Strengthening U.S. Dollar
A stronger dollar makes oil more expensive for holders of other currencies, reducing global demand and weighing on prices.
3. Increased Non-OPEC Supply
With rising production levels from non-OPEC countries, analysts expect an oversupplied market in 2025, adding further pressure on oil prices.
4. Weakening Global Demand
Economic growth concerns in major markets like China and Germany are fostering expectations of reduced oil demand, reinforcing a bearish outlook.
These combined factors strongly support a short position on WTI crude oil. Stay strategic, take profits along the way, and manage your risk carefully in this volatile environment!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
GOLD TRADING POINT UPDATE > READ THE CHAPTIANBuddy'S dear friend 👋
SMC Trading Signals Update Gold Traders SMC-Trading Point update you on New technical analysis update) Gold still going to buying zone ☺️ 🥂 running BSS AND CHO) patterns Now Gold making a new Bss again back up trand safe buying zone 2759) And Next buying target 🎯 point 2800) fundamental analysis / trump telling more rates cute ) that is expected it more gold)))
Key resistance level 2788 +2797 +2800
Key support level 2764 -2759
Mr SMC Trading point
Support 💫 My hard analysis Setup Lik like and following me 🤝 that star ✨ game 🎮