#GOLD 1HR CHART 🥇 Gold in the Asian session this morning was supported to increase and surpassed the nearest peak at around 2726. But it is currently declining slightly.
➡️With the gold price increasing by nearly $100 since the beginning of the week, chasing gold at this high price level is potentially risky. Gold may have a downward adjustment after the recent increase. However, the upward trend of gold is good, if gold declines to retest the 2690 - 2688 area, you can consider buying gold again.
If anything changes, we will update the view later. Good luck 🛫
X-indicator
ANALYSIS OF GOLD TREND TODAY, DECEMBER 12, 2024: UP OR DOWN?Technical Analysis from the Chart:
The price has broken through the previous descending trendline (yellow line) and is now in a recovery trend. Currently, the price is approaching a strong resistance zone at $2,710 - $2,725, an area where selling pressure has been prominent in the past.
Key Levels:
Main Resistance: $2,710 - $2,725 (previous highs and key Fibonacci zone).
Nearby Support: $2,680 (MA200 and Fibonacci 0.618).
Strong Support: $2,650 (previous lows and psychological support level).
Indicators:
RSI: Currently near the overbought zone, signaling a potential price pullback in the short term.
Stochastic: In the overbought zone and showing signs of a possible reversal.
Price Action Pattern:
The price is currently testing a strong resistance zone. If it fails to break through, there is a chance it will correct back to support.
Trading Strategy for XAUUSD in the Current Price Range:
SELL XAUUSD around the $2,720 - $2,721 zone:
Stoploss: $2,726
Take Profit 1: $2,715
Take Profit 2: $2,710
Take Profit 3: $2,700
“If the price breaks above $2,728, look for a sell around $2,749 - $2,750 in a longer-term channel.”
BUY XAUUSD around the $2,679 - $2,680 zone:
Stoploss: $2,674
Take Profit 1: $2,685
Take Profit 2: $2,690
Take Profit 3: $2,700
Note: Always set a stoploss in every trade to ensure safety!
@Henrybillion wishes you a successful trading day!
VARA - Further AnalysisI've gotten quite a few messages from people wanting to know why I am bullish on VARA right now. Look at my chart, this is why. This asset has been trying to break out for months and it actually isn't falling it is in a bullish squeeze. This regression trend in the chart below is the top and bottom of the range (it is an approximation). This is also called an accumulation zone. If someone were to have averaged in throughout this regression trend the center line shows the average price for all coin bought.
XAU/USD: Expert Fibonacci Buy & Sell SignalsFXOPEN:XAUUSD AlexGolddHunter Technical Chart Analysis
Price Action and Key Levels
Current Price: 2,707.695 USD
Swing High: 2,720.84121 USD
Swing Low: 2,694.956 USD
Fibonacci Levels
0.786: 2,720.84121 USD
0.705: 2,718.776925 USD
0.618: 2,716.55973 USD
0.5: 2,713.5525 USD
0.382: 2,710.54527 USD
Volume Profile
The volume profile indicates high trading activity around the 2,710 USD level, suggesting strong interest and potential support/resistance.
RSI (Relative Strength Index)
Current RSI: 55.46, indicating neutral momentum.
MACD (Moving Average Convergence Divergence)
MACD Line: Below the signal line with negative histogram bars, indicating bearish momentum.
Buy Strategy
Entry Point: Near the Swing Low (2,694.956 USD) or the lower Fibonacci retracement levels (0.382 or 0.5).
Confirmation: Look for a bullish candlestick pattern (e.g., hammer, engulfing) and a positive MACD crossover.
Stop Loss: Below the recent low or the Swing Low (2,694.956 USD).
Take Profit: Set at a 1:3 risk-reward ratio. For example, if the stop loss is 10 USD below the entry, set the take profit 30 USD above the entry.
Sell Strategy
Entry Point: Near the Swing High (2,720.84121 USD) or the upper Fibonacci retracement levels (0.786 or 0.705).
Confirmation: Look for a bearish candlestick pattern (e.g., shooting star, bearish engulfing) and a negative MACD crossover.
Stop Loss: Above the recent high or the Swing High (2,720.84121 USD).
Take Profit: Set at a 1:3 risk-reward ratio. For example, if the stop loss is 10 USD above the entry, set the take profit 30 USD below the entry.
This analysis gives a comprehensive view of the current market conditions for Gold Spot and outlines specific buy and sell strategies with confirmations based on technical indicators. Let me know if you have any further questions or need additional assistance!
generate title for this idea go POPULAR tradingview ideas short this title
Here's a compelling title for your TradingView idea:
"XAU/USD: Expert Fibonacci Strategy with 1:3 Risk-Reward Confirmation"
Feel free to adjust it to better fit your style or specific details. Happy trading!
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Sure! Here are some relevant tags for your TradingView idea:
#XAUUSD #Gold #GoldSpot #Fibonacci #TradingStrategy #BuySellSignals #TechnicalAnalysis #RSI #MACD #RiskReward #MarketAnalysis #TradingIdeas
These tags will help increase the visibility of your idea on TradingView. Happy trading!
TURN INTO SIMPLE VIP SINGAL into below format ENTRY TP1 tp2 SL
Sure! Here's the simplified VIP signal for the XAU/USD trading idea:
Entry: 2,713.5525 USD (0.5 Fibonacci level)
TP1 (Take Profit 1): 2,716.55973 USD (0.618 Fibonacci level)
TP2 (Take Profit 2): 2,718.776925 USD (0.705 Fibonacci level)
SL (Stop Loss): 2,710.54527 USD (below the 0.382 Fibonacci level)
This format is straightforward and easy to follow for your trading signals. Happy trading!
generate title for this idea go POPULAR tradingview ideas short this title
Certainly! Here's a catchy title for your TradingView idea:
"Gold Spot (XAU/USD): Expert Buy & Sell Signals with Fibonacci Precision"
Feel free to tweak it to better suit your style or any specific details you want to highlight. Happy trading!
Ridiculous capitulation, nice 3 drives, hi vol and RSI OS alertRidiculous capitulation, nice 3 drives, hi vol and RSI OS alert
exceeded my post limit the other day so ended up leaving these out, so here they are, playing nicely
nice 3 drives, hi vol and RSI OS alert,
HiLoCh indicator on 30m TF
1. 3 drives down from the break
2. High vol and b Vol profile on the candle.
3. - had a double event, unusual but should have been safe if waited for the close above the main body of the profile.
got the alerts, waited for the close above the profile, trade with good position sizing and stop losses.
Ridiculous capitulation, nice 3 drives, hi vol and RSI OS alertRidiculous capitulation, nice 3 drives, hi vol and RSI OS alert
exceeded my post limit the other day so ended up leaving these out, so here they are, playing nicely
nice 3 drives, hi vol and RSI OS alert,
HiLoCh indicator on 30m TF
1. 3 drives down from the break
2. High vol and b Vol profile on the candle.
3. - had a double event, unusual but should have been safe if waited for the close above the main body of the profile.
got the alerts, waited for the close above the profile, trade with good position sizing and stop losses.
Ridiculous capitulation, nice 3 drives, hi vol and RSI OS alertRidiculous capitulation, nice 3 drives, hi vol and RSI OS alert
exceeded my post limit the other day so ended up leaving these out, so here they are, playing nicely
nice 3 drives, hi vol and RSI OS alert,
HiLoCh indicator on 30m TF
1. 3 drives down from the break
2. High vol and b Vol profile on the candle.
3. - had a double event, unusual but should have been safe if waited for the close above the main body of the profile.
got the alerts, waited for the close above the profile, trade with good positon sizing and stop losses.
RBDUSD 1DRBN just tested its Demand area and 200 EMA with a long wick candle and then a bullish candle, also there is price action forming in the golden zone of the Fibonacci level. In addition, there is also possibility of a golden cross with the 50 SMA and 200 SMA in a few days possibly. There is a small chance of recovery after Monday's pull back to the 200 EMA. Have a safe day
Telsa ....CyQo's Spider NestThis is the outlines along with the flags to show multiple convergent levels of over 20 chart pattern recognition techniques along with 10 way more creative ones that take too long to explain. Notice the clusters at key points. Open space above the 430 window, so when crossing 450...I'll do another...
Used:
Fib Bollinger Bands
Fib Retracement
Fib extension
Fib trend extension
Fib channel
Trend Channel
Price Range gap Trending
and most importantly..the Thoughts and Feels...cause that always works :p
Xrpusdt So this structure is bullish as soon as it breaks out we will re teste 2.90 , RLUSD will go live soon . The corruption lost their fight against ripple . It makes no sense to sell in the near future now that we Will have clarity in xrp the case will end soon so much growth for xrp still . Looking forward for this structure to break out to the upside soon
[LRC] LOOPRING has the potential to reach (+260%) to (+335%)LRC is looking great to reach the highs from 2022, it is trying tro break the value area high from mar 2024 and is showing momentum increasing in the monthly timeframe alongside with moneyflow increasing. The target is between value area high from 2022 top, anchored vwap from 2021 highs, fibonacci retracement levels and weekly/monthly levels.
TARGET: $0,9731 TO $1,1879 up to (+335%)
When Bitcoin Decides Gravity is Just a Suggestion!1. Chart Context
The chart shows a technical analysis of Bitcoin using dynamic levels (possibly based on moving averages or adaptive bands).
Key elements include:
Signals for long (buy) and short (sell) entries.
Differentiated zones or key levels marked with colors (possibly Fibonacci levels or volatility bands).
2. Price Action Analysis
Observed Signals:
A Short (-1) near the upper resistance level.
A Long (+2) around a support zone.
Exit signals marked as "Close entry(s)" suggest trend reversals or profit-taking.
Recent Trend:
The price has made a significant bullish move (uptrend) toward the right side of the chart.
Large green candles indicate strong buying momentum, likely driven by a fundamental or technical catalyst.
Key Zones:
The upper bands (blue lines) act as dynamic resistance.
The lower bands (purple and red lines) serve as support levels during bearish movements.
3. Strategy Interpretation
The strategy seems to focus on capturing trend breakouts and reversing positions based on:
Short Entries: When the price reaches the upper resistance zone.
Long Entries: When the price touches lower support levels or breaks through previous resistance levels.
Position Exits: Triggered when the price crosses internal levels (possibly Fibonacci levels or similar).
4. Current Perspective
Based on the large bullish candle on the right:
Uptrend: The price has broken a key resistance level, suggesting potential for further upside, provided there is strong volume and follow-through.
Next Resistance: If the price continues higher, it could encounter resistance near the next upper band (blue line).
Downside Risk: If the price retraces back to the lower band, it may signal a correction.
Conclusion
The chart indicates Bitcoin is in a bullish phase, but it may face resistance at upper levels. The strategy signals should be validated with volume and broader market context to ensure accurate entries and exits.
GBPNZD💡The chart shows technical analysis of the GBP/NZD currency pair on the daily time frame (D1). The drawing indicates the presence of an ascending channel, where the price moves between two upward-sloping support and resistance lines. If the price breaks the resistance area, it may continue to rise. If it fails to break the resistance, it will likely bounce down towards S.1 support or the lower border of the channel. The MACD indicator is showing rising positive momentum, which currently supports the upward trend. ⛔️It is not investment advice for educational purposes only.
ECONOMIC FAMINE (PART 2)OVERVIEW
The EUR/USD pair is locked in a strong downtrend, with major resistance at 1.13835 and critical support at 0.6155.
A break below 0.8931 could signal severe economic implications.
Technical indicators, including moving averages and oscillators, are predominantly bearish, with recent patterns hinting at a potential short-term bullish recovery above 1.0610, targeting levels like 1.0710, 1.0960, and 1.1320.
Fundamentally, interest rate cuts by the ECB and Fed are key drivers of recent price action, keeping the pair in a narrow range.
Long-term forecasts predict further euro weakness, making this a crucial time for traders to manage risk effectively.
Position traders should watch for potential breakdowns below key support, while short-term traders may find opportunities in bullish momentum above resistance levels.
TECHNICAL ANALYSIS
The EUR/USD pair is experiencing a pronounced downtrend on the monthly timeframe, marked by significant pivot points:
Pivot High: 1.16164
Resistance Level (Major): 1.13835
Resistance Level (Minor): 1.0630
Support Levels: 0.6155 (critical) and 0.5633 (pivot low).
A close below 0.8931 would confirm a larger, catastrophic economic downturn, with price movements potentially signaling a "Global Economic Famine."
Oscillators
Indicators such as RSI (42.91), Stochastic %K (34.56), and Commodity Channel Index (-167.50) remain neutral, suggesting low momentum for a strong reversal in the short term.
Momentum (-0.030) and MACD Level (-0.00416) indicate sell signals, aligning with the bearish sentiment.
Moving Averages
All major EMAs and SMAs across periods (10 to 200) are aligned as sell signals, emphasizing the persistent bearish trend.
The Ichimoku Base Line at 1.05029 is neutral, providing limited support for bullish recovery.
TECHNICAL PATTERN OBSERVATIONS
A double-top formation at 1.1200 in September signaled bearish control, supported by a death cross in EMAs.
Recent inverse head-and-shoulders at 1.0333 suggests a potential bullish recovery if the price sustains above 1.0610, targeting 1.0710, 1.0960, and 1.1320
FUNDAMENTAL ANALYSIS
Interest Rate Outlook:
In 2024, expectations for central bank rate cuts influenced the EUR/USD trading range between 1.0600–1.1210.
The European Central Bank (ECB) initiated a rate cut in June (4.50% to 4.25%), while the US Federal Reserve followed in September (5.50% to 5.0%).
Forecasts & Risks:
Long-term projections for 2026-2027 show the euro likely declining to 1.0250–1.0300, with adjustments possible based on macroeconomic shifts.
If resistance at 1.0630 is broken, the EUR/USD may target the 1.0960–1.1260 range. However, failure to maintain these levels will reinforce the broader bearish trend.
STRATEGIC TAKEAWAYS
Position Traders: Watch the critical support at 0.8931—a breach signals significant economic risks.
Short-Term Traders: Closely monitor the 1.0610 level. Bullish action above this may present buying opportunities toward 1.0710, 1.0960, and 1.1320 but bearish dominance remains strong.
BEPI have been waiting tirelessly for something tasty to present itself on solar stocks for months and we finally have what looks like accumulation occurring at the .886-.786 level.
I present to you BEP - a globally diversified portfolio of high-quality renewable power assets.
Given Trump's victory, the increasing focus on AI's growing resource demands, the future power needs, and the sustainability of current energy production methods—along with the prolonged bear market—it seems that renewables are uniquely positioned to benefit from the rising power demands ahead.
Possibly more downside to come but I feel this is a good level to start averaging in a nice 1-4 year long position.