CRUDE OIL (WTI): Time to Fill the Gap?!WTI Oil experienced a significant drop at the opening due to tensions between Israel and Iran.
Historically, there is a high probability that such gaps will be filled. This presents a potential opportunity for long positions.
The price has now reached a crucial daily support level and is consolidating within a narrow range on the 4-hour chart.
I have identified a confirmed breakout of a resistance zone within this range, indicating a potential upward movement. It is possible that the oil price will increase and reach levels around 70.00 - 71.00.
Supply and Demand
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
In Sunday's KOG Report we gave the levels of interest above that we wanted to long into and then said we would be looking for RIPs there to short the market. We did get a bit of a stretch and range above, but the 2780-85 region worked well together with KOG's bias of the day completing all the bullish targets and then giving us the move down that we wanted today following the bias level targets and the red boxes. A phenomenal move on Gold which may have caught many traders by surprise, but after the move we've had, it's normal to see this type of pullback.
Now we've tapped into the order region and price looks like it's exhausting, we will suggest no shorting here, rather be looking for the 2730 level to hold us up and for there to be a potential move upside into the initial levels of 2745 and above that 2750. Expect there to be a lot of ranging and choppy price action now pre-event NFP tomorrow. For now, that's been a pretty accurate week again for the KOG Report.
As always, trade safe.
KOG
THE KOG REPORT - Update End of day update from us here at KOG:
Yesterday we said we would be looking for the pull back into the lower support regions in order to long again and attempt the outstanding target in Gold 2779 and 2780. Both these targets are now complete but we didn't get the entries that we wanted for them. Instead, we had to switch to the red box indicator which gave us a few decent trades for the day in to the levels that we wanted. We are getting the RIP's from the regions we've highlighted, but nothing significant to be able to say we're going to see the swoop we want.
Now, again, I'm happy to sit and wait, we're too high to want to long due to potential profit taking and we still have higher levels open for the target. 2790, 2800 and above that 2804 which are sitting above the red box support are there, however, we have a pullback region of 2765 which gives us the potential range. I would rather we short from higher, or attempt the long from lower, otherwise, the range is to be played 2775 to 2795.
As always, trade safe.
KOG
Bitcoin- Consolidation before ATH, but what next?At this moment, a new all-time high for BINANCE:BTCUSD seems likely, especially given the consolidation just below the previous ATH and the technical target from the small symmetrical triangle, which could push BTC above 75k soon.
However, I think the broader push everyone anticipates may not materialize.
Even if BTC briefly surpasses 80k, a 10-15% gain might not mean much in the grand scheme.
The media frenzy and crypto influencers projecting Bitcoin to pass 100k by year-end raise some caution for me.
I anticipate a peak around 80k or so, followed by a pullback into the familiar 50k–70k range, rather than a sustained breakout.
In summary, while I may buy in the short term, I’ll be closely watching for signs of weakness.
If these appear, I’ll switch to a short position, as I believe a false breakout from this flag pattern is a realistic scenario.
DC. Growth potential x10 in 8 days.If we extrapolate the historical chart to the present time, we can assume that asset is capable of experiencing a similar upward movement. Given the bull market factor and ratio of assets in liquidity pools on decentralized exchanges, x10 may only be the beginning of global growth.
SasanSeifi|Will the Price Break Above $0.18 or Face a CorrectionThe previous analysis.👇
In the daily timeframe BINANCE:DOGEUSDT , Dogecoin has held support around the $0.090 level, entering a consolidation phase. The forecast suggested a short-term target of $0.125, followed by a possible move to the $0.14–$0.15 range. Observing Dogecoin’s reaction to both the $0.125 level and the liquidity area around $0.14 is crucial to understanding its future direction.
As predicted, Dogecoin maintained its support at $0.10 and resumed an upward trajectory, achieving a significant 46% increase up to the $0.15 target. Following this, Dogecoin encountered resistance, triggering a slight retracement, and a potential pullback down to the $0.125–$0.12 range is expected. Further monitoring of price reactions at these support levels will clarify its next movements. After a period of consolidation and confirmation, there’s a chance for another round of upward fluctuations and bullish momentum. However, should the price fail to hold, further corrections might follow.
New analysis👇
As shown on the chart, after a slight retracement down to the $0.125 area and completing a pullback, Dogecoin has rebounded with a 37% increase, currently testing a significant supply zone. If the price can push above the crucial $0.18 resistance level, Dogecoin could extend its growth to targets like $0.188–$0.20, approaching the next bearish order block. On the other hand, if momentum weakens, a corrective target at $0.158–$0.155–$0.15 could come into play. Observing price reactions to these support levels will provide clearer insight into Dogecoin's future trend.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
LTC Long (conditional mid-term)#LTC Long (conditional mid-term)
If - then.
Why:
• General Bullish bias/Uptrend
Where:
• Lower border of 12H uptrend channel
• Volume POC of the range
• Zone begins: HL SSL
• Zone ends: Lower OB
• SL Under next swing low and demand POI
- Still in premium Zone.
Risk: Low
The probability of a general bullish uptrend continuation is always higher than the probability of a reversal.
Amount:
SL is medium sized- 4,3%
Safe entry on 1.86% x25
will expose you to the risk of 2% total.
MARKET NEXT CORRECTION AREASAdditionally, any decline in gold may present buying opportunities as the metal remains a favored hedge amid inflation and heightened global tensions. If momentum persists and resistance levels at $2,751 and $2,800 are decisively breached, analysts project that gold could aim for new highs around $2,820 or higher. However, a break below $2,710 could suggest a deeper correction to $2,685 before buyers re-enter the market
In the current gold market, analysts expect a potential retracement following a significant rally, reaching near all-time highs driven by geopolitical uncertainties and Federal Reserve rate cuts. Gold has been hovering around resistance points in the $2,700-$2,800 range as October progresses, and technical indicators suggest possible corrections due to overbought conditions. Specifically, gold’s Fibonacci support level around $2,733 could mark a key area for short-term pullbacks, possibly to $2,700 or lower, before an anticipated continuation upward in Q4 due to seasonal patterns
USOIL - Key Levels for Bullish Stabilization or Bearish ReversalTechnical Outlook
The price may stabilize within the bullish zone upon a 4-hour candle close above the pivot line at 68.53, targeting 70.49 initially, followed by 71.78.
Bullish Scenario: While trading above 68.53, the price is likely to move toward 70.49 as the first bullish target, with 71.78 as the next level.
Bearish Scenario: A reversal and stabilization below 68.53 would open a move toward 67.03, with further downside potential to 65.85.
Key Levels:
Pivot Point: 68.53
Support Levels: 70.50, 71.78, 72.75
Resistance Levels: 67.03, 68.85, 63.51
Trend Outlook:
Bullish while the price remains above 68.53
PREVIOUS IDEA:
Gold: Bearish Correction Expected Before Potential BreakoutTechnical Analyze:
The price continues to consolidate between 2,775 and 2,788, though a strong corrective move towards 2,758 appears likely. A bearish correction to 2,758 is anticipated before any potential breakout above 2,788.
Bullish Scenario: If the price breaks and stabilizes above the resistance at 2,788, it will likely continue upward toward 2,804 and 2,816, aligning with the next bullish target.
Bearish Scenario: Stability below 2,775 would support a bearish correction to 2,758. A 1-hour or 4-hour candle close below 2,758 would further confirm a downward move toward 2,738.
Key Levels:
Pivot Point: 2781
Resistance Levels: 2790, 2804, 2816
Support Levels: 2769, 2758, 2738
Trend Outlook:
Correction til 2769 or 2758
Above 2788: Uptrend
Under 2758: Downtrend
AUDUSD buying Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
today AUDUSD analysis 👆
🟢This Chart includes_ (AUDUSD market update)
🟢What is The Next Opportunity onAUDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
How to Find Key Levels on Gold XAUUSD Chart Easily
In this short article, you will learn how to find powerful levels on a gold chart.
I will explain to you what is a key level, how to apply it in trading. We will discuss key levels and different time frames, valid and invalid key levels. I will share with you a lot of useful trading tips.
First, let's start with a definition of a key level.
Key level is a single important historic price level on the chart,
from where a significant price movement initiated.
Usually, key levels are based on the edges of candlestick wicks.
Look at Gold chart on a 4H time frame.
I underlined a key level. You can see how strong was a bullish reaction to that. The price tested that level, bounced up and formed a long wick.
Key levels that are above current prices will be called resistances .
We will assume that sellers are placing their selling orders there.
Above is the example of a key resistance on Gold on an hourly time frame.
The price tested 2479 level, dropped rapidly and formed a long wick.
From a key resistance level, a bearish movement is expected.
Key levels that are below current prices will be called supports.
We will assume that buyers are placing their buying orders there.
That is the example of a key support level on Gold chart on a daily.
From a key support level a bullish movement is expected.
Key levels that are lying close to each other will compose support and resistance clusters.
Look at 2 key support levels on Gold on a 4H time frame.
These 2 levels are lying very close to each other and compose a support cluster.
3 key resistance above will compose a resistance cluster on Gold on a daily time frame, because these levels lye close to each other.
With time, the market tends to break key levels.
If the price violated a key support level and closes below that, it turns into a resistance level.
Look at a breakout of key support on an hourly time frame on Gold chart.
After a candle close below that, the broken key level turned into resistance.
If the price violates a key resistance level and closes above that, it turns into a support level.
Above is a recently broken horizontal resistance on Gold on a 4H time frame. After a breakout, that key level turned into support.
Key levels tend to lose their significance with time.
Key level that is broken by the buyers and the sellers or vice versa loses the status of a key level.
The underlined level was a significant resistance in the past.
However, the market stopped respecting this level and it lost its importance.
Remember that you can find key levels on any time frame.
But key levels are not equal in their significance.
Key levels that are spotted on higher time frame will be stronger than key levels that are spotted on lower time frames.
On the chart on the left, I underlined key support and resistance levels on a daily time frame on Gold.
While on the right, I market key support and resistance levels on a 4H time frame.
Daily structures will be considered to be more significant structures.
Hence, the market reaction to such structures tend to be stronger.
In comparison to support and resistance areas,
key levels provide the safest points to look for a trading opportunity from.
Once you spotted a confirmation after a test of a key level,
simply set your stop loss below a support or above a resistance.
You will have a very good reward to risk ratio.
Key levels play a crucial role in technical analysis of Gold.
No matter whether you are day trader, scalper, swing trader or investor, key levels is the first thing that you should always start your analysis from.
❤️Please, support my work with like, thank you!❤️
GBPUSD is in the Buying Direction after Testing Support Hello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
India’s Gold Imports Jump 21.78% on Festive Demand
Technical Analyze:
The gold (XAU/USD) chart indicates a strong upward trend with the price reaching a key resistance level near 2,804. A break above this level would confirm a continuation toward the next bullish target at 2,816.
Bullish Scenario: If the price breaks and stabilizes above the current resistance, it’s likely to continue toward the 2,816 level, as marked by the next bullish station.
Bearish Scenario: Failure to hold above the correction point at 2,758 may trigger a pullback towards lower support levels around 2,738 and 2,712. A deeper decline could target the support zone at 2,677.
Key Levels:
Pivot Point: 2775
Resistance Levels: 2790, 2804, 2816
Support Levels: 2758, 2748, 2738
Trend Outlook:
Correction til 2775 or 2758
Above 2775: Uptrend
India's Gold Imports Surge Amid Strong Domestic Demand
India's gold imports increased by 21.78% to $27 billion during April-September of this fiscal year, influenced by strong domestic demand, according to government data. This rise in imports impacts the country’s current account deficit (CAD). For the same period in the previous fiscal year (2023-24), imports stood at $22.25 billion.
An industry expert highlighted that the ongoing festival season has significantly boosted demand, contributing to the increase in imports.
previous idea:
GBPJPy long ideaSo yesterday took a small trade in the longs but couldn’t see it going higher as it hasn’t taken any major LQ.
So now today we have taken major LQ and we should see GJ push higher up to my target area.
Trends overall bullish.
Side note.. GJ usually drops by September so hopefully we get to the yearly high then a big sell off.
This isn’t a signal just trades I’m taking and notes for my future reference