traderchamp_

traderchamp_ Apr 7

GOLD holding on a major daily trend line support after a massive decline since last friday! Expecting a recovery with a bullish reversal from the lows of $2970's

traderchamp_ Apr 1

📉Bearish Projection - XAUUSD 📌On the 4-hour timeframe, the recent bullish trend appears to have completed its fifth wave, reaching the upper boundary of the structure. Additionally, Fibonacci extensions have surpassed the 2.618% level, indicating a potential retracement or corrective phase. Given the strong rally from $2832 to $3146, we anticipate a pullback...

traderchamp_ Mar 12

**Gold (XAUUSD) Market Analysis – Key Fundamentals Driving Volatility** Gold (XAUUSD) has experienced significant volatility due to major fundamental events impacting the financial markets. The recent large-scale liquidations in stocks and cryptocurrencies, along with the Bybit exchange hack, have contributed to heightened risk sentiment. Additionally, the...

traderchamp_ Feb 21

🚀 XAUUSD Update – Key Levels in Play! 📉 Major Support & Rebound As predicted in our recent analysis, gold found strong support at $2880, triggering a bullish reversal. This move has sent XAUUSD soaring back above $2950, securing a +2.58% gain in the process. 🔥 Technical Setup & Key Observations ✅ Head & Shoulders Formation on Hourly – A clear bearish structure...

traderchamp_ Feb 15

⭐️ Premium Club Short Trade @ 2929 - Target Achieved! 💰 Our recent short position from 2929 played out perfectly, hitting all targets with an impressive +290 pips in profit! 🎯 📉 Scalping the Golden Zone As expected, we capitalized on the key support zone, securing an additional 100-120 pips on a quick long scalp. These fast-moving plays continue to deliver solid...

traderchamp_ Feb 5

Gold remains in a strong bullish trend, driven by escalating geopolitical tensions. We've seen multiple all-time highs forming as bullish momentum continues. Despite this, the stock market remains resilient at its highs, indicating that investors are not yet aggressively seeking safe-haven assets. Currently, I’m focusing on the symmetrical triangle and the...

traderchamp_ Feb 3

#Bitcoin is showing potential for downside momentum if the price confirms a breakout below key support. A confirmed breakdown could lead to a retracement toward the 200 EMA, aligning with a possible 38% Fibonacci correction. The double top formation has intensified bearish sentiment, pushing the price below $95K. Additionally, fair value gaps on the left...

traderchamp_ Jan 28

USD/JPY experienced a strong decline, breaking below key hourly support and a significant trend line. The pair has since recovered from its lows, holding near the 50% retracement level and a support zone identified on the left after filling a crucial fair value gap. However, downside momentum still appears likely once the market settles from the current pullback,...

traderchamp_ Nov 7, 2024

Gold has retraced over 61%, reaching a key support zone that indicates a potential reversal to the upside. On the 4-hour timeframe, a broad Fair Value Gap (FVG) has formed between $2678 and $2701, which we anticipate may fill as the price rebounds. However, there remains a possibility of further downside momentum, which could lead to a deeper test of the support...

traderchamp_ Nov 5, 2024

We've identified a breakout below the support level on the hourly timeframe. Currently, we are observing a pullback, and we anticipate a continuation of the downtrend toward the support region around $2710. Additionally, the bearish gap opening on the DXY suggests that any effort to fill this gap will likely strengthen the USD, driving XXXUSD pairs further downward.

traderchamp_ Oct 30, 2024

Bitcoin recently tested a major resistance at $73,600, where selling pressure emerged on lower timeframes. A breakout followed by a pullback may occur after the third impulse completes, potentially driving downside momentum to gather liquidity around the key support zone near $66,670. At this level, we could see supported price action aligning with the recently...

traderchamp_ Oct 30, 2024

EUR/USD has formed a double bottom pattern and is currently positioned at a major support level on the hourly timeframe. This setup suggests a potential bullish rally, with a breakout above the consolidation resistance likely to signal upward momentum. If the breakout occurs as anticipated, a bullish trend could emerge, aiming to surpass resistance levels around...

traderchamp_ Oct 28, 2024

On Monday's Asian opening session, we observed a significant opening gap in the XAU/USD market, with the opening price at $2732 and the closing price on Friday near $2747. I anticipate that the gold price may dip to the highlighted support level before resuming its upward trend. This movement could potentially fill the gap and retest the highs around or above...

traderchamp_ Oct 16, 2024

Bitcoin has just broken the trend line resistance on the daily timeframe. With the recent bullish sentiment, we anticipate a continuation of the rally once the breakout is confirmed. Our first target is the FWB:73K region, a previous key resistance zone. If the price breaks through this level, we could see a move towards $80k and beyond.

traderchamp_ Oct 14, 2024

EURUSD has visited back on a major support zone after the sell off identified with the double tops formation. Here we are about to see a short term buying sentiment followed by the support identified. Watch closely on the trend line and the highlighted zone.

traderchamp_ Oct 13, 2024

Here we have identified a breakout on support which can be expected to drop down further with the ongoing bearish sentiment. Look over the price action below the highlighted support for a possible short entry.

traderchamp_ Oct 2, 2024

The EUR/USD pair has reversed from a key daily resistance level, confirming this zone as a significant sell area. A trend breakout has further intensified the bearish sentiment. Additionally, the price has formed a double top pattern, reinforcing the bearish outlook. Based on this analysis, a short position could potentially yield a profit of 50-100 pips.

traderchamp_ Sep 21, 2024

Bitcoin is showing bullish momentum, trading within an upward channel. After retracing to the channel’s upper boundary, it’s possible that the price could test the major hourly resistance level again before a potential bearish reversal.