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Trend Line Break

GOLD → Negative fundamental background and support retest FOREXCOM:XAUUSD , as we expected, is declining. False breakdown of 2031, retest of global resistance and negative fundamental background leads to the price losing 0.9% from the local high. There is little news today, the fundamental backdrop for gold persists, as does the outflow of GOLD-ETFs from the market, which is a generally negative scenario. The dollar continues to strengthen, as well as forming a candlestick pattern that confirms the general policy. Technically, gold is testing 2015 and may form a rebound to 2020-2025, after which the market may wait for a retest of 2015-2016 with the aim of breaking the support and further decline to the mentioned targets. Both technically and fundamentally, the overall picture suggests further price decline. Resistance levels: 2021.5, 2027 Support levels: 2015, 2010, 2000, 1995 The situation is generally bearish. The fundamental background and TA determine for us the medium-term potential, which is directed towards the realization of the movement to 2000-1990 TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FOREXCOM:XAUUSDShort
by RLinda
19
GOLD → Retest of a previously broken level. Panic zone FOREXCOM:XAUUSD is testing local levels in the correction phase and heading towards descending triangle resistance. There are several strong levels crossing in the area of 2035-2037. What to expect from the price? The price is in the correction phase testing the symmetrical triangle resistance as well as the previously broken ascending support line. Technically, gold is in a stalemate situation, as well as in the selling zone. The crossing area of strong levels is at 2035-2040. Most likely, before a possible further fall, the price may test 2035-2040 with a false breakout. But, there is news ahead and we should not forget about their nature of unpredictability. Resistance levels: 2035, 2037, 2040 Support levels: 2030, 2020, 2016 Fundamentally, gold is weaker against the dollar. Technically, we have no trend, only flat. There is news ahead and on the background of the news, I expect that the price may continue to fall after the correction phase. Targets remain the same TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
14
EURUSD → Favorable background for the currency pair decline FX:EURUSD confirms the boundaries of the range 1.0887 - 1.0724 and is inside the flat. Touching resistance and the news on Thursday define medium-term targets for the currency pair. Yesterday the market received a portion of positive fundamental data for $, based on which the regulators continue to support the dollar index, which forms a candlestick pattern that portends further growth, which may negatively affect the euro. The price forms touching 1.0887 and subsequent decline to 1.0830. At the moment consolidation is forming below this level, which can accumulate the potential for further decline to the area of 1.0724. Resistance levels: 1.0830, 1.0887 Support levels: 1.0780, 1.0724 I expect a fall on the basis of TA and FA. Consolidation below 1.0830 forms the potential for further decline to 1.0780 and even to 1.0724. Regards R. Linda!
Short
by RLinda
6
BITCOIN → Is a correction before growth possible? New targets?BINANCE:BTCUSD is in a strong growth phase, updating the highs of December 2021. The price does not reach the 53K level and may forge a correction to support before further growth. Pic: Three key scenarios against the backdrop of a possible correction Why we should wait for a correction: Market potential (technical component) may get temporarily depleted and price may forage a correction to support to capture liquidity before rising further. On the 1-hour chart, the market is forming a consolidation in the range of 51k - 53,500. But at the same time the price bumps into the resistance and starts to feel some pressure from the sellers. There is nothing terrible in it, there is a chance for a technical pullback. It is worth paying attention to three possible scenarios regarding the correction to the support, indicated on the chart. In our case, the first liquidity area is the zone: 51256. The breakout and consolidation below the level will form a small liquidation and will be able to reduce the price to 0.236 fibo or to 48435. And the breakthrough of 48435 may provoke rather strong sell-offs. But against the general background it is unlikely. False breakout of one of the mentioned levels followed by consolidation above the level is the main pattern that will resume further growth. Pic: Bullish trend and key levels and zones There is an obvious strong bullish trend in the market. The price is overcoming the trend resistance, which technically can accelerate the strengthening phase of the price. But, before further growth, from a technical point of view, the flagman may test the support area (previously broken resistance), and in addition, the counter-trend correction is also a kind of liquidity consolidation. It would be good for the market to form another liquidity pool and local bottom before further growth to 53K, 58K and towards ATH. Pic: Strong support and resistance levels on high timeframe Both technically and fundamentally BTC is quite positive. Globally - the price is leaving the 51K - 42K range and thus makes us realize the situation that further promising targets are still ahead. Fundamental: - outflows from GBTC have significantly decreased - total open interest in BTC on major exchanges increased to the highest since April 2022 - net inflows into spot BTC-ETFs have been sustained for 15 consecutive days - BTC was included in the investor education program - BTC remains the most discussed token among the crowd Support levels: 51256, 50986, 0.236 fibo, 48435 Resistance levels: 52884, 53524 CME:BTC1! CRYPTOCAP:BTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
34
PIIND: Outperformer name in agrochem space The following stock is largely outperforming the agrochem space in last couple of weeks its in an uptrend The agrochem other peers are in downtrend largely the result were strong and there are high chnaces for the stock to gain market share and become even stronger coming on technicals, it gave a fake downtrend and emerged stronger thereafter its trading n an upward slioping trendline expected target on higher side are 1) 4288 2) 4767 3) 5540 all above with a strict stop below 3250-3230 area
NSE:PIINDLong
by pratik2358
GOLD - Price tests resistance ahead of FOMC meetingOANDA:XAUUSD is testing 2030 and forming a false breakdown. Today the market is waiting for news from the FOMC , where they are likely to discuss inflation, interest rate and may make some statements. At this time the metal price is forming the range of 2030 - 2016 Globally, gold is flat as investors are confused by the US market regulators. But, interest in the metal is still high from the Central Bank, at the same time the GOLD-ETF is caught up in a wave of sell-offs due to the Fed's sharp statement last week about a possible interest rate cut in summer instead of spring. Technically, gold may head towards 2020, 2016 support from resistance. But, at the time of news, the price may test 2029 and 2037 before further correction to these targets. Resistance levels: 2029, 2037 Support levels: 2020, 2016, 2004 The market is neutral and the price is moving between strong levels. Most likely, on the background of the FOMC speech, the price may again form a bearish correction after the resistance retest. TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
7
Causes of Gold's rise and its down cycleWorld gold prices increased in the context of a British cargo ship being attacked in Yemeni waters. Since then, financial investors are concerned about escalating geopolitical tensions, which has prompted them to put capital into gold to preserve capital. On the other hand, the market expects gold trading to be vibrant when the top consumer country, China, resumes commercial activities after the Lunar New Year holiday. Meanwhile, the USD is affected by growing speculation that the Federal Reserve (Fed) will keep interest rates high for longer. Therefore, gold's upside potential could be created from a decline in USD prices, if Fed officials are soft in cutting interest rates.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold trend today, main selling trendWorld gold prices stabilized, with spot gold down 1 USD to 2,023 USD/ounce. Gold futures last traded at 2,035 USD/ounce, down 0.9 USD compared to yesterday morning. Despite being pressured by the minutes of the first policy meeting of the US Federal Reserve (Fed), gold continues to consolidate above 2,000 USD/ounce. In the newly released minutes, the Fed signaled that its monetary policy had peaked, but was not in a hurry to reduce interest rates. Fed officials noted that inflationary pressures eased and economic activity remained strong. According to the minutes, the committee wants more evidence to show that inflation continues to fall to the target level of 2% before making a decision to loosen monetary policy. Kitco.com senior market analyst Jim Wyckoff said the minutes did not provide any additional information on monetary policy following hotter-than-expected inflation data released last week. He said that, although a bit hawkish, the minutes contained no surprises. Recent hotter inflation reports have made the market more certain that the Fed will delay lowering interest rates until the second half of the year. Independent metals analyst Tai Wong in New York predicts that gold will likely continue to move sideways in the short term and the information the market is waiting for will be the personal consumption expenditure (PCE) report released. announcement next week, followed by payrolls and Fed Chairman Jerome Powell's testimony in Congress in early March. Although the gold market is struggling as expectations for interest rate cuts continue to be pushed back, according to WisdomTree market strategist Nitesh Shah, the longer the central bank delays, the risk of mistakes happening. The bigger the policy, the more this will ultimately benefit precious metals. This expert predicts that gold prices will reach 2,210 USD/ounce in the fourth quarter of this year, a new all-time high.
OANDA:XAUUSDLong
by FalCol_TradingMaster
The Dawn of a New Bull Season: BNB's Breakout Towards the FibonaThe Dawn of a New Bull Season: BNB's Breakout Towards the Fibonacci Golden Zone In the ever-evolving landscape of digital currencies, BNB is currently at the forefront of an anticipated market trend, hinting at the beginning of a new bull season. This potential shift comes after a period where BNB, unlike its rivals BTC and ETH, which have successfully surpassed their Fibonacci Golden Zones, struggled to establish a solid foundation for a bull run. However, the tide seems to be turning for BNB, especially with its valuation against Bitcoin showcasing a significant breakout from its previous downward resistance. BINANCE:BNBUSDT Couldn't Hold Its Support while BTC and ETH did Hold Navigating Through the Bear Season BNB's path through its bear season has been markedly different from that of BTC and ETH. While these cryptocurrencies have managed to breach and advance beyond their Fibonacci Golden Zones, BNB has grappled with establishing a consistent bull season support line. This struggle has been a point of contention for BNB, underlining the significance of its recent move towards the Fibonacci Golden Zone. BITSTAMP:BTCUSD Broke Its Fibonacci Golden Zone BINANCE:ETHUSD Broke Its Fibonacci Golden Zone A Shift in Market Dynamics The landscape is now changing for BNB. Its recent breakout against Bitcoin's valuation marks a pivotal development, suggesting a robust shift in market dynamics. This breakout from the downward resistance is critical, as it not only signifies a reversal in trend but also sets the stage for BNB to retest its broken trend line. This retest is crucial, as it could potentially catapult BNB into a significant upward trajectory. BINANCE:BNBBTC Bear Channel Broken The Importance of the Fibonacci Golden Zone The Fibonacci Golden Zone plays a vital role in this narrative, serving as a key indicator for potential market reversals. For BNB, approaching this zone is more than a mere technical milestone; it represents a potential turning point that could reaffirm investor confidence and signify the start of a bullish market phase. Catalysts Behind BNB's Anticipated Breakout The BNB Chain is setting ambitious goals for 2024 to foster mass adoption across decentralized finance (DeFi), gaming, artificial intelligence (AI), and other decentralized applications (DApps). They aim to enhance performance, introduce "opBNB Connect" for scalability, and focus on applications with the potential for high daily active users. This initiative includes plans to increase the number of active validators from 40 to 100, merge the Beacon Chain for improved blockchain efficiency, and speed up decentralization. The introduction of the "One BNB" concept aims to unify the layer-1 BNB Smart Chain (BSC), opBNB, and Greenfield, facilitating a seamless tech stack for applications to transition to fully on-chain Web3 frameworks. Additionally, BNB Chain will enhance its middleware infrastructure and launch BNB Greenfield 2.0 to improve storage performance and support AI, on-chain gaming, and decentralized social platforms​​. The Road Ahead As BNB moves closer to its Fibonacci Golden Zone and retests its broken trend line against Bitcoin, the anticipation within the crypto community intensifies. A successful retest and potential upward movement could not only validate BNB's market potential but also signal the start of a significant bull run. However, given the volatile nature of the crypto market, caution and thorough analysis remain paramount. BNB's journey towards the Fibonacci Golden Zone, coupled with its breakout against Bitcoin, marks a potential watershed moment for the cryptocurrency. This movement could redefine BNB's market position relative to BTC and ETH, heralding a new era of growth and market dominance. This discussion is speculative and intended for educational purposes, providing a hypothetical overview of BNB's market potential. It is not financial advice, and individuals should conduct their research and consult with financial advisors before making investment decisions. BINANCE:BNBBTC BINANCE:BTCUSDT.P BINANCE:BNBBTC
Long
by FikratTrades
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Long
by ATheDay
1
GOLD → Growth towards the liquidity area. False breakdown?OANDA:XAUUSD on high timeframes continues to form a sideways movement, but at the same time is in the selling zone. The market is still under pressure from the negative fundamental background. There is almost no news today, US Leading Index is published at 15:00 GMT and in general, analysts expect bearish data for the dollar. Gold is in panic zone on H1. The price is trying to go outside the descending channel while the US market is resting. Technically, the MarketMaker has an interest to rise to the area of 2029, as there is a rather large pool of liquidity hiding there. On the background of a possible strong distribution may form a retest of resistance in the format of a false breakdown, which would mark a further decline from 2029 to 2020-2016. BUT, consolidation above 2029 will give confirmation of local trend change within the global flat. Resistance levels: 2023, 2029, 2037 Support levels: 2020, 2016, 2010 A rise towards 2029 may soon follow, a quick move up will allow to reach the liquidity area. But because of this distribution we have a high chance to see a false breakdown of 2029 with further decline to support TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
5
Capitalizing on a Downward Trend: Using this indicatorDescription: In this comprehensive analysis, I'll walk you through my thought process and strategy for identifying a potentially lucrative short-selling opportunity on the NQ ticker, leveraging the insightful "Custom EMA with Color Fill" indicator by Pablo The Transparent Trader. This indicator has been specifically designed to cater to the needs of swing traders, providing a clear visual representation of market trends and momentum through a color-coded Exponential Moving Average (EMA) and a distinctive color fill between the EMA line and the current price. The Hypothesis: My strategy hinges on a simple yet powerful observation: if the current 2-day candle on the NQ ticker closes below the trendline and beneath the EMA—specifically within the red background of the indicator—it signals a strong bearish momentum. This scenario suggests that it may be an opportune time to consider a short position (you could consider using inverse ETFs instead of shorting). Entry Strategy: Upon the 2-day candle's closure below the critical levels mentioned, I plan to enter a short position. This decision is backed by the indicator's visualization, where a red EMA line and a red fill between the price and EMA indicate a downward trend, suggesting that the market might continue to move lower. Risk Management: To safeguard the trade against unexpected market reversals, I will set my stop loss just above the most recent high. This placement ensures that my trade is protected from significant losses should the market direction change unexpectedly. Profit Taking: In terms of profitability, I aim for a 2 to 1 ratio between my risk and reward. This means that for every unit of risk I take, I expect to gain twice as much in return. This risk-to-reward ratio is not only a testament to the strategy's potential profitability but also underscores the importance of disciplined risk management. Indicator Insights: - Configurable EMA: The ability to adjust the EMA length allows for flexibility in analyzing different time frames, making this indicator suitable for various trading strategies. - Visual Trend Indicators: The color-coded EMA line, alongside the color fill, offers immediate insights into the market's direction. A red EMA and fill signify a downtrend, guiding traders towards short-selling opportunities. - Trend Strength and Entry Points: The distance and the color fill between the price and the EMA provide valuable information on the trend's strength and potential entry points. A wider gap suggests a strong trend, while a narrowing gap could indicate a trend reversal. In conclusion, the "Custom EMA with Color Fill" indicator is not just a tool for visualizing market trends; it's a comprehensive strategy guide for swing traders looking to capitalize on short-term market movements. By following the outlined strategy, traders can make informed decisions, backed by a clear understanding of market dynamics and a disciplined approach to risk management. Whether you're a seasoned trader or new to the scene, this analysis should provide you with a solid foundation for navigating the NQ ticker's volatile waters.
CME_MINI:NQ1!Short
by Pablo_The_Transparent_Trader