XAU/USD Intraday Trading Plan: Key Price Levels and Scenarios1. Immediate Key Price Levels
Primary Resistance (2,790.115): This is the near-term resistance level to watch. Price approaching this area without breaking it could signal a potential short setup. If broken with strength, this level may act as new support.
Point of Control - POC (2,782.227): This level is today's pivot point due to high trading volume in this zone. Price holding above this level suggests bullish sentiment; a drop below signals potential bearish control.
Secondary Support (2,773.665): This is the critical support level in case of a downtrend. If price reaches this area and holds, it may provide a buying opportunity; however, a break below indicates strong bearish momentum.
2. Scenarios for Today
Scenario 1: Bullish Breakout (Continuation)
Trigger: Price breaks and closes above Primary Resistance (2,790.115) with increasing volume, indicating buyers are in control.
Target Price Levels:
Short-Term Target: 2,795.051 (minor resistance from Fibonacci level 0.272) as the initial upside target.
Extended Target: 2,803.705 (High Invalidation Point for Wave 5) – this is a major resistance level with possible volume divergence. It is crucial to monitor volume here, as lower volume at this level could suggest an imminent pullback or trend reversal.
Stop-Loss: Set below 2,782.227 (POC), since a move back below this level would invalidate the bullish breakout.
Invalidation Point: POC (2,782.227) – a drop below this level may indicate a false breakout.
Scenario 2: Reversal at Resistance (Bearish)
Trigger: Price rejects near 2,790.115 (Primary Resistance) with weak volume, indicating that sellers are stepping in.
Entry Point: Initiate short positions near 2,790.115, ideally after observing bearish candlestick patterns or volume declining near this level.
Target Price Levels:
First Target: 2,782.227 (POC), where price might find some support. Partial profits could be taken here, as POC often serves as a consolidation zone.
Secondary Target: 2,773.665 (Secondary Support) – the next significant support level below the POC.
Stop-Loss: Above 2,803.705 (High Invalidation Point). If price surpasses this level, the bearish reversal scenario is invalidated.
Invalidation Point: A confirmed break above 2,790.115 would indicate potential upside continuation and invalidate this short position.
3. Additional Key Terms and Concepts
Volume Divergence: Monitor for volume divergence at the 1.236 (around 2,802) level, as this could indicate reduced buying interest and signal a potential reversal.
Break of Structure (BOS): If the price breaks below POC (2,782.227), it signals a BOS (Break of Structure), favoring bearish momentum. This would confirm a downtrend for the rest of the day.
Inducement Wave 3: Part of the current wave structure suggests an inducement, which might attract buyers at Primary Resistance only to see a potential reversal if it fails to break.
Point of Control (POC): This is the area with the highest traded volume (2,782.227). If price holds above this level, it acts as a bullish pivot point, while a breakdown signals bearish sentiment.
4. Summary of Today's Plan
Bullish Bias if price breaks and holds above 2,790.115, aiming for 2,803.705 as an extended target.
Bearish Bias if 2,790.115 is rejected, targeting 2,782.227 (POC) initially and 2,773.665 (Secondary Support) as an extended target.
Risk Management:
Tight Stop-Losses: Use key levels such as 2,803.705 for shorts and 2,782.227 (POC) for longs to manage risk.
Volume Monitoring: Pay close attention to volume behavior, especially near resistance and support levels, to gauge the strength of any breakout or rejection.
Wave Analysis
GOLD → ATH Retest. Next $2800 or reversal? FX:XAUUSD is going to 2800 or??? The price is testing the ATH and does not show signs of reversal. A pre-breakdown consolidation is forming around 2758. Will there be another update of the highs?
Traders remain cautious ahead of Thursday's PCE release followed by jobless claims and NFP.
Profit-taking risks are increasing in both DXY and gold. It all depends on pre-news sentiment (background) as well as actual data.
The overall environment is complicated due to the US presidential race.
Gold is supported by the Middle East conflict, as well as hopes for more stimulus in the Chinese markets and economy.
Technically, gold is returning to the ATH, forming a pre-breakdown consolidation, hinting that there may be breakout attempts for further gains. Accordingly, as we are testing the ATH, we need to be ready for all eventualities!
Resistance levels: 2758, 2775
Support levels: 2745, 2728, 2724
Price has been in consolidation near resistance 2758 for the last 8 hours. It is gaining potential. Consequently:
1) If there will be an attempt to break through 2758 with the subsequent holding of the defense by the bulls above this area, then in the short term we should count on the continuation of growth to 2775-2800
2) IF a false breakout is formed and the price comes back down, forms consolidation below 2745, then further gold may go down to support before further growth.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
USDCHF BULLISH FOR 80PIPSTrend Analysis
Higher Time Frames: Confirm a broader bullish trend or at least an uptrend in the larger time frames (e.g., daily or 4-hour). If EUR/CAD has been making higher highs and higher lows, this confirms that the pair has bullish momentum.
Shorter Time Frames: A bullish reversal or continuation pattern on the 1-hour or 4-hour chart can provide the signal entry.
2. Support/Resistance Levels
Entry Point: Look for a clear support level where the price has reacted several times. This level may align with Fibonacci retracement levels (like 50% or 61.8%) from a recent up-move, reinforcing its reliability.
Resistance Target (80 Pips Up): If you see a nearby resistance level approximately 80 pips away from the entry, it offers a natural target zone. This could be a previous high or a strong Fibonacci extension level.
3. Risk Management
Stop Loss (25 Pips): Place the stop just below the last swing low or a minor support level, as long as it’s within 25 pips. Keeping it below a reliable structure means it’s positioned to withstand minor pullbacks while keeping risk limited.
Risk-Reward Ratio: With an 80-pip target and a 25-pip stop, the risk-reward ratio is about 3.2:1, which is ideal for setups with moderate confidence.
4. Momentum Indicators
Oscillators (RSI, MACD): An RSI reading around 40–50 in an uptrend (4-hour or daily) can suggest bullish continuation, while a bullish MACD crossover could further validate this.
Moving Averages: Price trading above key moving averages (e.g., 20 and 50 EMA) confirms trend strength and reduces the likelihood of a reversal in the trade.
GBPUSD Hits Key Resistance: Selling Strategy in FocusGBPUSD is targeting a recent selling zone as it encounters resistance around the 1.304 area. Previously a strong support level, this point has now been broken and stands as a new resistance, posing a solid challenge for the bulls.
Additionally, the notable recent recovery of the USD against the pound has made investors more cautious about trading against the trend.
From my perspective, I’m sticking with a selling strategy as shown on the chart, with a take-profit level set at 1.268.
Happy trading, and feel free to share your thoughts with me!
LSK is near BullRunLSK has had an A wave that ended and is now in a B wave.
Wave B looks like a triangle, which we are now in the last wave (wave E).
From the green range, we expect bullish movement towards TPs.
TPs are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
EURAD 100PIP TKAE PROFIT Support and Resistance Zones
Check for recent support or resistance levels. If EUR/CAD is close to a significant resistance and your take-profit target lies just below it, this could indicate a high-probability area for price reversal.
A large stop loss (320 pips) may indicate potential volatility. Ensure that this stop is placed below a strong support zone to avoid unnecessary loss on sudden market moves.
2. Market Sentiment and Fundamental Drivers
EUR/CAD is heavily influenced by factors such as the European Central Bank (ECB) and Bank of Canada (BoC) monetary policies, as well as commodity prices, particularly oil.
Recent EUR or CAD economic data (e.g., inflation reports, interest rate decisions) could give insight into the market’s bias and help determine if a 100-pip target is achievable.
ICX ANALYSIS (8H)From where we placed the flash green color on the chart, it seems ICX has started a diametric.
From the red range, it can be rejected towards the lower areas.
The main target is the green box.
Closing a daily candle above the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
WHAT ARE GOLD GOING TO DO? HERE IS THE COMPLETE ANALYSIS 2H TFTechnical Analysis: Currently, XAU/USD is approaching the resistance level at $2790, where I believe we could see a significant selling opportunity. This level has historically acted as a barrier, and recent price action suggests that bullish momentum may be waning. If the price reaches $2790, I anticipate a potential reversal, with targets set for a downward move towards $2765. A break below $2775 would further confirm bearish sentiment, opening the door for additional downside.
Fundamental Analysis: The gold market is heavily influenced by shifts in monetary policy and global economic conditions. With the Federal Reserve signaling a potential tightening of interest rates and ongoing concerns over inflation, investors may look to liquidate positions in gold as the opportunity cost of holding non-yielding assets rises. Additionally, geopolitical tensions and market volatility could prompt a flight to safety, but if these factors stabilize, we could see a shift in sentiment favoring dollar strength. This backdrop supports the notion of a sell-off in XAU/USD from $2790 to $2765 as traders adjust their positions in response to changing economic signals. Let’s watch for these developments!
XAUUSD: 31/10 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2800, support below 2739
Four-hour resistance 2800, support below 2772
Gold operation suggestions:
From the current market trend, we will rely on the 4-hour level support to arrange long orders. The support below is near the 2772 line. Focus on the previous daily level suppression to the current support 2740 line. We will look for opportunities to arrange long orders when we step back. In the middle position, we will watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market.
BUY:2772near SL:2769
BUY:2750near SL:2747
BUY:2740near SL:2737
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
MLN-USDT Starting From the Big Frame Weekly: accumulation for 864 days
Daily Frame: falling wedge patterns were detected with a trend breakout, and we can see previously when the same patterns have taken place how the price reacts,
a good Volume has been dictated at the beginning of the month with high-volatility candles
Multiple retests to the resistance at 18 will lead to a break eventually + the way how the price reacts at the support 14 is good,
TP1- 18
TP2- 22
TP3- 32
Fantom (FTM): buy the dip
Daily Chart
Elliott Waves:
The structure shows a wave model, including corrective patterns like "expanded flat" and "simple zigzag." This indicates that the current trend is completing one phase and preparing for a potential continuation of upward movement.
The fifth wave impulse is likely to complete in the target zone (marked on the chart), corresponding to the 0.618 and 0.382 Fibonacci levels.
Target Levels:
The 0.618 Fibonacci target suggests a potential end for the fifth wave. This level, around $0.8-0.85, could act as strong resistance if the upward trend continues.
Volumes:
Significant volumes in the final stages of the downtrend indicate potential interest from large players, which could support the price above key support levels.
Hourly Chart
Buy Zone:
The area between the 0.382 and 0.618 Fibonacci levels is marked as a buy zone. This is a key area where position accumulation is expected for a possible bounce.
Cluster analysis and volume levels in this zone suggest a high probability of support from buyers.
Trend Lines and Support:
The upward trend marked by the channel suggests further growth after the completion of the corrective wave.
The strong support level around $0.67 aligns with the lower boundary of the buy zone and could act as a launch point for further upward movement.
Here's a fundamental analysis of the Fantom (FTM) token, examining its technology, team, tokenomics, partnerships, and growth potential.
1. Technology
* Lachesis Consensus Algorithm: This unique protocol, based on asynchronous Byzantine Fault Tolerance (aBFT), makes Fantom one of the fastest and most scalable networks. It can handle thousands of transactions per second with near-instant finality and low fees, making it well-suited for DeFi and other high-throughput applications.
* Ethereum Compatibility: Fantom supports Ethereum-compatible smart contracts (EVM), making it easier for developers to migrate applications from Ethereum, enhancing accessibility for both developers and users.
2. Team and Partnerships
* Team: The Fantom Foundation was established with the goal of creating a high-speed, scalable blockchain. The team remains actively involved in improving the platform and expanding its ecosystem, which builds investor and user trust.
* Partnerships: Fantom has established partnerships with major blockchain projects and DeFi platforms, including Yearn Finance and Curve Finance, and has collaborated with some government bodies. These partnerships strengthen its reputation as a reliable infrastructural platform.
3. Tokenomics
* FTM Token: The FTM token powers the Fantom ecosystem, used for staking, network security, transaction fees, and governance. Users can earn rewards by staking FTM, encouraging engagement and participation in the network.
* Max Supply: With a maximum supply of 3,175,000,000 FTM, the token is limited, which theoretically supports scarcity as demand grows.
* Distribution: A portion of FTM tokens is allocated for ecosystem development, staking rewards, and team support, ensuring the project’s long-term sustainability.
4. Ecosystem and DeFi
* DeFi and dApps: Fantom actively supports decentralized applications and DeFi projects, hosting various exchanges, lending platforms, and other DeFi services. This boosts user adoption and increases demand for the FTM token.
* TVL (Total Value Locked): High TVL on Fantom indicates strong user participation within the ecosystem, a key indicator of trust in the platform and its functionality.
5. Opportunities and Risks
* Growth Opportunities: High speed, low fees, and active ecosystem support make Fantom attractive for DeFi and other applications. The limited supply of FTM may support its value in the long term, especially with increasing usage.
* Risks: Key risks include competition from other blockchain platforms (e.g., Solana, Avalanche, Ethereum) and the relatively young Lachesis technology, which has yet to prove its resilience over time.
Conclusion
Fantom (FTM) is a promising blockchain project with a strong ecosystem, efficient technology, and an active team. However, like any project, it faces challenges from competition and technological risks.
BINANCE:FTMUSD CRYPTO:FTMUSD BYBIT:FTMUSDT OKX:FTMUSDT
EURUSD_4Hhello
Mid-term Eurodollar analysis Elliott wave analysis style The market is in five downward waves And now the market is correcting upwards as wave 4, which is our main resistance at 1.09333. And after completing the correction and completion of wave 4, it can fall towards the number 1.06666 as wave 5.
USD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 148.325 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
BTC to the $446 in five years! The biggest capital robbery ever!This is not just for crypto! All assets will lose their value.
A theory suggesting an impending depression combined with the idea that Bitcoin and other cryptocurrencies might have been created as a "trap" to channel capital back to the state is intriguing and raises important questions. While this view is speculative, there are some interesting aspects to your analysis of economic cycles and the role of governments and central banks.
100-Year Economic Cycle
Historians and economists recognize that long economic cycles, like the Kondratieff wave, involve alternating periods of economic booms and busts over roughly 40-60 years. While the exact duration and frequency vary, some analyses indicate that we are approaching a phase of debt deflation, or even a potential depression. The exponential growth of debt and the sustained low-interest-rate policies support this outlook.
Crypto and the Role of Government
Bitcoin and other cryptocurrencies were originally designed as decentralized, non-government-controlled currencies, independent of banks and states. While it is speculative to claim that governments were behind Bitcoin's creation, it is true that some governments are closely monitoring the crypto market, possibly to manage large capital flows and ensure tax compliance.
However, Bitcoin and other cryptocurrencies do not guarantee protection against economic crashes. Governments could regulate these markets further, affecting their value and accessibility. Central Bank Digital Currencies (CBDCs), for instance, represent a way for governments to exert greater control over digital money flows, which contradicts Bitcoin's original intent.
Fear and the Use of Assets Like Gold and Bitcoin
Concerns around CBDCs, inflation, and geopolitical instability can drive people toward "store of value" assets like gold and Bitcoin. Your point about "fear-driven media" is interesting, as both media and governments can at times amplify fear, which increases demand for alternative assets.
A Possible Future Depression
Many analysts and economists highlight overheated markets and massive debt burdens as warning signs of a financial collapse. Economic cycle downturns are often marked by deflation, rising unemployment, and declining asset prices. The idea that the coming years could be challenging for the global economy is not without basis, particularly if debt burdens become unsustainable or if monetary policy tools are exhausted.
Conclusion
While the notion that governments might use crypto to "reclaim black money" or that crypto was even designed as a tool for wealth redistribution is difficult to substantiate, it is a theory commonly raised by crypto critics. What is clear, however, is that both governments and central banks are actively seeking ways to control capital flows and maximize tax revenue.
All in all, it seems a challenging period lies ahead. We may witness the emergence of new forms of money, like CBDCs, and potentially significant shifts in the economic order.
LINK/USDT Breakout SetupLINK/USDT Breakout Setup 🚀
LINK/USDT is gearing up near a major resistance level, with potential for a breakout 📈. If the price breaks above this level and confirms it with a retest as new support, we could see a strong bullish movement follow 💥.
🔍 Key aspects to monitor:
1. Breakout confirmation: A solid close above the resistance level.
2. Retest: Look for the breakout level to hold as support.
3. Volume surge: Increased volume during the breakout can strengthen the momentum.
⚠️ Keep a close eye on this pair, but remember, this is not financial advice. Always DYOR (Do Your Own Research) before making any moves. 📊
KASPA 4H LONG POSITION ENTRYHi Guys,
Mr. Fibonelli here, I'm seeing this entry as a high probability trade but yeah I could be wrong. Just risk 5%~10% of the capital per trade and use x10~x20 leverage only.
Confluences:
- 4H Market Structure Shift
- 4H Sell Side Liquidity Sweep
- 4H Fair Value Gap and Order Block are sitting between the ICT OTE and Fibonacci Golden Zone.
We will be targeting the nearest WEEKLY BEARISH ORDER BLOCK.