600% falling wedge extension for VARA Network?On the above 4 day chart price action has corrected 90%. A number of reasons now exist for long entries, they include:
1) Price action and RSI resistance breakouts.
2) Support and resistance. Past resistance confirms support.
3) Point no. 2 confirms a “double bottom” in price action.
4) Notice the 4 day hammer candle?
5) The falling wedge confirmation forecasts a 600% move in price action.
Is it possible sellers keep selling? Sure, I hear their supplies are endless.
Is it probable? No.
Ww
Type: trade
Risk: small, tiny market cap.
Timeframe for long: Now
Return: 600%
Trend Analysis
GOLD ROUTE MAP UPDATEHey Everyone,
Another Piptastic day on the charts with our analysis playing out to perfection!!
Just amazing to see our levels in a new range that was generated using an average with no historical data has been hit perfectly at 2845.
Yesterday we stated that we were now looking for a cross and lock above 2819 for a continuation or a failure to lock above will see Goldturns below tested for support. We got our 2832 and our final target at 2845 for a perfect finish
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2807 - DONE
EMA5 CROSS AND LOCK ABOVE 2807 WILL OPEN THE FOLLOWING BULLISH TARGET
2819 - DONE
EMA5 CROSS AND LOCK ABOVE 2819 WILL OPEN THE FOLLOWING BULLISH TARGET
2832 - DONE
EMA5 CROSS AND LOCK ABOVE 2832 WILL OPEN THE FOLLOWING BULLISH TARGET
2845 - DONE
BEARISH TARGETS
2794 - DONE
EMA5 CROSS AND LOCK BELOW 2794 WILL OPEN THE FOLLOWING BEARISH TARGET
2778 - DONE
EMA5 CROSS AND LOCK BELOW 2778 WILL OPEN THE FOLLOWING BEARISH TARGET
2764
EMA5 CROSS AND LOCK BELOW 2764 WILL OPEN THE RETRACEMENT RANGE
2753 - 2739
EMA5 CROSS AND LOCK BELOW 2739 WILL OPEN THE SWIG RAGE
SWING RANGE
2722 - 2707
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAU/USD : First LONG,then SHORT! (READ THE CAPTION)By analyzing the 1-hour gold chart, we can see that gold has now reached the $2808 - $2818 supply zone and is currently trading around $2810.
Given the liquidity gap created by the price surge from $2772 to $2811, I expect a price correction soon, but likely after one more bullish wave. If gold stabilizes above $2808, it could push higher towards the next targets at $2812, $2817.2, and $2820.
This analysis will be updated soon!
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out perfectly, as analysed.
We started with our bearish target at 2794 hit followed with cross and lock opening 2778, which was also hit. No further cross and lock below 2778 confirmed the rejection for the bounce from the weighted level. This bounce completed our Bullish target above 2807 and then a further cross and clock confirming 2819, which was also hit. True level to level action with confirmations!!
We will now look for a cross and lock above 2819 for a continuation or a failure to lock above will see Goldturns below tested for support.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2807 - DONE
EMA5 CROSS AND LOCK ABOVE 2807 WILL OPEN THE FOLLOWING BULLISH TARGET
2819 - DONE
EMA5 CROSS AND LOCK ABOVE 2819 WILL OPEN THE FOLLOWING BULLISH TARGET
2832
EMA5 CROSS AND LOCK ABOVE 2832 WILL OPEN THE FOLLOWING BULLISH TARGET
2845
BEARISH TARGETS
2794 - DONE
EMA5 CROSS AND LOCK BELOW 2794 WILL OPEN THE FOLLOWING BEARISH TARGET
2778 - DONE
EMA5 CROSS AND LOCK BELOW 2778 WILL OPEN THE FOLLOWING BEARISH TARGET
2764
EMA5 CROSS AND LOCK BELOW 2764 WILL OPEN THE RETRACEMENT RANGE
2753 - 2739
EMA5 CROSS AND LOCK BELOW 2739 WILL OPEN THE SWIG RAGE
SWING RANGE
2722 - 2707
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Trump’s Trade War Risks Throwing Markets into Chaos. TARIFFic?Apparently, Trump has slapped Mexico, Canada and China with hefty tariffs. Now all these three are either already retaliating with their own levies on US goods or getting ready to do so. The complex interplay of back-and-forth tariffs risks turning friends into foes and driving up prices. All the while the end consumer is likely to cover the difference.
President Donald Trump on Saturday actually went ahead and did what he wanted to do. He launched the game of tariffs. He hit Mexico, Canada and China with hefty import duties, threatening to throw the world’s trade into a spiral of ill intentions, retaliations and higher prices for your Stanley cups and iPhones.
The looming destabilization is already coming from both ends — Canada swiftly imposed 25% levies on roughly $20 billion of US goods coming into the country on Tuesday. Another $85 billion worth of goods are getting the same treatment within the next three weeks.
China, where nearly everything you get your hands on is made, said it will “take necessary countermeasures to defend its rights and interests.”
Trump’s new order requires Canada and Mexico to pay 25% tariffs on imports to the US (with a partial carve out for Canada’s energy and oil exports — 10% levies apply there). The US President was gearing up for a 60% tariff rate on China while he was running for office but said he’s imposing a 10% tariff that will likely get higher in time.
These three countries in 2023 collectively accounted for about 40% of all US imports. That year, the US imported about $3.85 trillion worth of goods. In November 2024, the US pulled in about $351 billion worth of stuff and then sold it to Americans.
What are tariffs and who pays them?
At the basic level, tariffs are a way for an economy to protect itself from foreign competition. Through tariffs, domestic businesses are somewhat shielded from outside interference and can snatch up a bigger portion of the local market.
Tariffs are just taxes placed on products that are made overseas and then imported to the country. Here’s the kicker: the foreign companies that make these goods and then import them aren’t on the hook for paying the tariffs — American businesses are.
Tech companies like Apple AAPL , which makes about 95% of its stuff in China, or Tesla TSLA , which makes half of its cars in China, will end up paying more for their products as they come into the US. Who’s collecting that import duty? The US government.
What could happen when these tariffs get cracking?
The US consumer will most likely cover the difference. Nearly every product will be affected — from cars to baby toys to the already expensive eggs (can egg prices get even higher?)
Here’s an example: potash, the product that’s used by US farmers as fertilizer, just got 25% more expensive. That extra cost, paid by the farmers, is likely to trickle down to the end consumer so farmers could keep trucking and produce at the same rates.
What could happen to the stock market?
One thing is certain — the companies that don’t pass on the added cost to the consumer will see their corporate profits dwindle. But if they want to keep generating value for shareholders, they’ll need to pass it forward to the end user. With the first quarter now well under way, the next earnings season will be a sight to see. (Friendly reminder to keep an eye on the economic calendar for all corporate earnings and updates.)
An analysis from Barclays estimates that all S&P 500 companies could see their profits shrink by 2.8% once the tariffs get in full flow.
Perhaps a bigger, scarier fallout is possible. Inflation can perk up again. Inevitably, the higher costs across the border risk undoing what the Federal Reserve was doing to combat inflation.
Goldman Sachs came out with the forecast that the looming tariffs could have an initial knock on effect on inflation to the tune of 0.7% to the upside. Gross domestic product could drop 0.4%.
And most of all, there’s one thing investors fear the most. Rising inflation could bring back interest rate hikes. A revival in consumer prices might prompt the Federal Reserve to walk back its intentions of more interest rate cuts and lean against the economy by raising borrowing costs.
There are early signs of this already. Fed chief Jay Powell last week said the central bank is in a wait-and-see phase as Trump’s policies unfurl.
The scary tariffs already knocked the wind out of stocks and crypto. Monday morning saw one of its worst openings in years, especially for Ethereum ETHUSD . The second-largest coin fell as much as 27% from the get-go as the bullish sentiment was nowhere to be seen.
Bitcoin BTCUSD also got a slap losing 6% in its first deals to settle near $91,000 before paring back some of the drop. And stock futures were looking at steep declines with Dow futures DJI shedding as much as 700 points ahead of the opening bell in New York. The only winner was the US dollar DXY , which stands to gain popularity in a high-tariff environment.
Until now, the market has been overwhelmingly on Trump’s side. He stepped into the White House riding on the promises of a strong economy and booming business. But if he takes aim (even indirectly) at shareholders’ profits, he might end up losing the support of all those billionaire executives who worked hard to get him elected.
What do you think? Is Trump acting in the best interest of America or is he driving markets into a ditch? Share your thoughts below!
$SPY Trading Range for Monday Jan 3rdAll right this trading range is based on the one standard standard deviation movement off of Friday’s closee
We gapped down underneath the downward facing one hour 200 moving average into the up gap from January 17 which was a previous support on January 27. Now we are underneath it. We’re making lower lows and we also gapped underneath the 30 minute two hundreds moving average and the 50 day moving average so look to those levels as resistance for now. Below us we have an island gap that needs to be filled and it’s really close. I wouldn’t be surprised if we head there next .
Lingrid | GOLD Possible Pullback at Resistance LevelThe price perfectly fulfills my last idea. It hit the target. OANDA:XAUUSD market is currently forming a bullish flag pattern on the lower timeframes. However, upon examining the price action, it appears that the market is losing its bullish momentum. The price dipped below the previous resistance level, which could indicate a false breakout. On the daily timeframe, the last candle is a doji, suggesting indecision in the market. Given that we have high-impact news today, it’s possible that the price may experience significant spikes. I expect short term pulled from the resistance zone IF price presents sign of weakness at the resisatnce zone. My goal is support zone around 2790
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold is in a strong uptrend, and the current wave is expected to reach at least $3,000. However, it seems that the price needs a temporary pullback to gather momentum for the next move.
After the correction, gold is likely to resume its upward movement toward higher targets.
Don’t forget to like and share your thoughts in the comments! ❤️
EURUSD next move (expecting bullish move)(04-02-2025)(mid term)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (04-02-2025 (mid term)
Current price- 1.03200
"if Price stays above 1.01200, then next target is 1.05200 and 1.07200 and below that 100.000 ".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
Support us by liking and sharing the post.
HelenP. I Gold will rebound up from support zone to $2830Hi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price started to grow near the trend line and soon reached the support level, which coincided with the support zone. Then Gold broke this level, some time traded near, and then fell to the trend line and continued to grow next. Price rose to 2758 points and then made a correction to the trend line and then it continued to move up and later reached support 1, which coincided with one more support zone. But Gold at once rebounded from this level and fell below the trend line, breaking it, after which it fell a little more and then turned around. Next, the price started to grow below the trend line and later Gold reached support 1 again, but this time it broke it with the support level. After this, XAU continued to move up between the trend line, so, I expect that XAUUSD will fall to the support zone and then it rebound up, higher than the trend line, breaking it. Next, I think, the price will continue to grow, so, I set my goal at 2830 points. If you like my analytics you may support me with your like/comment ❤️
Euro can fall to buyer zone and then start to move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to trades inside the range, where it at once dropped below the resistance level, breaking it. But soon Euro backed up, making a fake breakout with the first gap and later reaching the top part of the range. Next, the price started to decline and soon fell to the 1.0465 level, broke it, and exited from the range, continuing to decline inside the downward channel. In the channel, the Euro fell to the support line and then in a short time rose to the resistance line, rebounded, and fell to the buyer zone, breaking the support level. After this movement, the price turned around and started to move up, so soon, it rose to the resistance line, breaking the support level again and later Euro exited from the channel. Next, the price continued to move up and rose to 1.0530 points, breaking the resistance level, but soon it turned around and dropped to the support level, making a second gap. At the moment, the price is trying to grow, for this case, I think that the Euro will fall to the buyer zone and then rebound up, therefore I set my TP at 1.0375 points. Please share this idea with your friends and click Boost 🚀
Hellena | GOLD (4H): LONG to 100% Fibo lvl (2857.750).Colleagues, the situation in the markets is quite complicated. But gold is aiming for new highs, given that in all difficult times gold has been a reliable instrument for storing assets.
At the moment, I expect the completion of lower wave “3” in the area of 2857.750 (100% Fibonacci extension level).
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
It wasn't quite exact, however, we managed to get the move down that we wanted for the short, stopped at our Red box support which was active, got the bounce, got a lovely long, then the short from the region we wanted....what an end to the day. We've completed our bias level targets for the day and the target of 2828 which we gave traders nearly two weeks ago and yesterday in the KOG Report.
A choppy opening with gaps across the markets, but Excalibur and the indicators were not threatened at all.
So, now we have the support level below 2807-10 and the resistance region 2830-5 region. We would like to see a retest of this new high so if we do pullback into the support level and hold, it's likely we will see a new all time high again in the sessions to come.
Can we long? Not recommended up here unless we get back down into 2775 regions. Otherwise, keep an eye on the levels above, looks like a curveball is on its way!
KOG’s Bias for the week:
Bearish below 2810 with targets below 2795✅, 2775✅ and below that 2755.
Bullish on break of 2810 with targets above 2820✅, 2824✅, 2828✅ and above that 2835
RED BOXES:
Break of 2810 for 2815✅, 2818✅, 2828✅, 2830✅ and 2834 in extension of the move
Break of 2790 for 2785✅, 2877✅, 2765 and 2755 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
GOLD → Price is susceptible to manipulation. Correction?FX:XAUUSD amid high risks of tariff wars and high inflation reaches a new ATH and trend resistance, but due to manipulation by politicians there is a possibility of a small correction.
Gold price is consolidating above $2,800 after an all-time high of $2,831, awaiting US employment data and Fed speeches. Volatility increased amid manipulations about Trump's tariff policy: first they set tariffs, then a few hours later they cancel them. In a word, “politicians”. Gold is going into correction after a false breakout of resistance of the ascending channel and on the news about temporary suspension of tariff increase by the USA. Overall gold is holding its ground as the Fed remains cautious on rate cuts.
Resistance levels: 2817, 2830
Support levels: 2811, 2801, 2790
If the price breaks 2811 and consolidates below this area, we should expect a correction to 2800 - 2790 in the short term, there is no hint of a trend change, growth may continue from the key support areas.
Regards R. Linda!
GOLD - Prise will correct and then continue grow to $2830 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to rising channel, where it soon reached support area and then made a correction.
Then price bounced from support line and soon rose to $2730 level, broke it, and continued to move up.
Price made a small correction and soon rose to resistance line of channel and exited from this pattern.
After this, price started to trades in between resistance line and with support line and at once fell to support line.
Next, Gold in a short time rose to $2785 level and broke it, after which corrected and now continues to grow.
So, in my mind, XAU can correct to support level and then continue to move up to $2830 resistance line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
As we suggested yesterday, we were too high to buy and said we'd be looking for the price to pull back into the 2807-10 region before then resuming the move upside to test the all time high and complete our bullish target levels. This worked well for us and we continued to carry the trades upside into the Excalibur targets.
So, now we have potential for even more gains on Gold but again, we're too high to think about buying. We would like to see this attempt the high which is circled, if rejected we feel an opportunity to short into the order region is available.
Keep an eye on the 2830 level!
KOG’s Bias for the week:
Bearish below 2810 with targets below 2795✅, 2775✅ and below that 2755.
Bullish on break of 2810 with targets above 2820✅, 2824✅, 2828✅ and above that 2835✅
RED BOXES:
Break of 2810 for 2815✅, 2818✅, 2828✅, 2830✅ and 2834✅ in extension of the move
Break of 2790 for 2785✅, 2877✅, 2765 and 2755 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
BTCUSDTHello Traders! 👋
What are your thoughts on BITCOIN?
Bitcoin is still struggling with its key resistance zone, showing signs of weakness in continuing its upward movement. Based on the current price structure, we anticipate a short-term correction towards the identified support level.
If the support holds and a rebound is confirmed, the uptrend could regain strength, with the first target in this scenario being the $115,000 zone.
Don’t forget to like and share your thoughts in the comments! ❤️
Ethereum - This Chart Just Doesn't Lie!Ethereum ( CRYPTO:ETHUSD ) remains in a bullish market:
Click chart above to see the detailed analysis👆🏻
Over the past three days - since the beginning of February - Ethereum "crashed" about -20% and we saw a significant manipulation last night with Ethereum crashing -25% in a matter of minutes. Looking at the chart though, this price behaviour was not unexpected at all.
Levels to watch: $2.000, $4.000
Keep your long term vision,
Philip (BasicTrading)
History repeats itself, but will 2021 cycle repeat itself?If we break 90K next level around 70, but there are many longs down the line, liquidation and long squeez is likely leading us to 60 if not 50 ranges, a wick is expected then a retest to 90K levels to get rejection before final breakout to the all time trend prices likely around 115-120K.
The herd will get excited by then, expecting a price to go above 120K, but I don't see this happening. And small dream secret, Nakamoto to be revealed later this year leading to significant crypto crash.
I know many may laugh, but let's see how this go! It makes sense from technical POV (hahaha, except my dream which likely to happen - since I don't dream too often) - keep an eye on RSI to get back in 40s before refill.
This idea is valid only and only if BTC breaks 90K and closes both daily and weekly below it with some a high volume!
The Wait Is Over: The 2025 Bull-Market Is Here (Time To Buy...)Good afternoon my fellow Cryptocurrency trader, I hope you are having a wonderful day.
We just witnessed a major marketwide flush. A normal occurrence after strong growth and preceding a major bullish cycle. We are about to enter the 2025 bull-market now, it is time to buy Altcoins.
The market is big and continues to grow. There are many, many pairs.
From a general perspective, we can see strong growth happening in as little as 2-3 weeks. Some pairs will start to move sooner while other pairs will take much longer, much, much longer. Choose wisely.
The strategy now is very, very simple; buy and hold.
With the flush over, you can accumulate as long as you want with a long-term perspective. Growth will happen for sure within 1-2 months.
If you are prepared to wait a minimum of 3 months on any pair, you will be surprised because growth will happen within weeks. So you will rather find the wait short if you prepare to wait long.
The market is not revealing just yet which pairs will grow first, it is still too early. But this "too early" is not the same as back in 2023 or 2024. Right now there is no "too early," we are only weeks away from the start of a massive bullish wave. This massive bullish wave will get out of control and transform into a major bull-market. This bull-market will end in a bull-run.
There is likely to be only 1 major correction in-between the action. Allow for strong variations because there are so many pairs. These are generalizations and generalizations cannot be used to trade.
For trading, consider each chart, each pair, each project individually.
Some pairs will grow "only" between 800% and 1,000%.
Other pairs will grow 3,000% to 6,000%.
A small few will go beyond 10,000%.
You have to make your own choice. Because you will be responsible for your own results.
I will be sharing charts with you on a daily basis, as usual, I was just waiting for the end of the final flush.
It is better to enter the market, start buying, when prices are low.
It would be unwise to buy before the crash, this can result in huge loss. Instead, we waited patiently for the market to retrace. Now that prices are lower, we can start to choose our favorite pairs.
We will look at all sections of the market.
I hope to count with your support.
The wait is over... It is time to start buying Altcoins.
Think long-term. No stop-loss.
The market can shake, the market can drop again but this is irrelevant, we simply wait.
Instead of focusing on the price at this point focus on time. Say the market drops for 1-3 days and then goes back up. If you ignore the price, it is only a few days event that changes nothing in the long-run.
If the market drops for 1-2 weeks and starts to grow on the third week, nothing changes. It is likely for some consolidation to happen before major growth.
Think back to August 2024. There was a major market flush and afterward all the Altcoins went sideways for months. After three months of consolidation, there was a marketwide advance. The situation is now the same.
We had a major market flush and after 3 weeks of consolidation, the entire market will produce a strong advance. The different between now and the past is this, the bullish wave we will experience this time is many times stronger than the previous one and the consolidation phase much shorter.
Seeing how the market is now; seeing how strong was the final flush. We can expect growth for 6-8 months, minimum.
You can add a 1-2 months strong correction between the action and there you have your bull-market. An entire year growing, that's 2025. Get ready to trade.
Things are really calmed now. The energy is light and this happens after all the greedy and over-leveraged traders had to meet their maker. Now that the greediness is gone; the market went through a reset and this reset only happens because the market wants to grow.
All weak hands have been removed.
All those that remain inside have a plan and did their job. These are the strong hands. These are now loading up more before the major 2025 bull-market bull-run.
The weak hands and over-leveraged traders will join us again. But they will only join when prices are high up, when there is hype across the market, that's when they will join when it starts to become late.
If you are reading this now, you have great timing, because it is wise to buy when prices are low.
Consider any chart, everything is trading at new lows or near support. That's the time to buy. We sell when prices are high and near resistance. Sell high to buy low.
Prices are low now. The last chance.
A true opportunity.
Thanks a lot for your continued support.
Namaste.