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Bitcoin – Short-Term Trading Setup for the Weekend Technical Outlook On the 45m chart, BTC has been consolidating in a rectangular range, showing a phase of accumulation before the next breakout. A decisive move outside this zone will confirm the short-term trend direction. Recent lows suggest selling pressure is not very strong, increasing the probability of a rebound. Still, we cannot rule out a fake downside move to sweep liquidity before resuming higher. Around 110,000 remains a key level to look for long opportunities, but only after a confirmed breakout. On the other side, 110,700 and 111,900 are potential short entry zones, aligning with Fibonacci retracement and Volume Profile resistance areas. The RSI (14) is hovering around 52, reflecting a neutral momentum – another signal that we need a breakout confirmation before positioning strongly. Trade Scenarios Long: wait for a confirmed breakout, entry near 110,000, SL below the nearest swing low. Short: around 110,700 and 111,900, SL ~400 points. 📌 Hopefully this setup helps you plan better trades. I usually share real-time signals in my private community so members can track the market more closely.
BITSTAMP:BTCUSDLong
by Steven-GoldTrading
GOLD STORY #1: XAUUSD SIDEWAY – SHOULD I BUY OR SELL NOW?🔎 1/ Fundamental Analysis 🔴 Global economy and market sentiment: • Non-farm payrolls (NFP) data: Positive results, showing that the US economy is growing steadily. • Inflation – the deciding factor: The Fed is still waiting for CPI data next week, which will be the most important factor for interest rate policy. • Uncertainty from Russia-US tensions: Trade and political sanctions continue to increase, creating greater risks for the global market. 💡 Summary: Although the USD received support signals from NFP, gold prices still maintained their upward momentum due to risk-off sentiment. 📊 2/ Technical Analysis 🔵 W (Weekly) Frame: • After 5 weeks of sideways, gold price bounced back strongly, continuing the main trend. • The weekly candle closed with a strong body, showing that the bulls are in control. 🔵 D (Daily) Frame: • The key level 2600 has been broken, but the resistance zone 2725~2750 has not given a positive signal. • The price touches the resistance but continuously creates higher lows – the market is still leaning towards the bulls. 🔵 H1 Frame: • The uptrend is clear, but the price is near the resistance zone. • The Risk-Reward (R:R) ratio is no longer attractive to trade in the uptrend. 📈 3/ Trading Plan 🟢 BUY – Follow the trend: • If you have a buy order at a low price, congratulations! 🎉 👉 You can: • Hold the order: If you expect the price to continue to break the resistance. • Close a part: When the price touches the resistance zone of 2725~2750 to preserve profits. • Note: If you do not have a position, you should not FOMO into this price zone because the R:R ratio is no longer ideal. 🔴 SELL – Counter-trend: • Although the uptrend does not support selling, you can consider: • Wait for the price reaction at the resistance zone of 2725~2750. OANDA:XAUUSD • Expected profit should be low because this is a counter-trend trade. 🐂 Which side are you on – BULL or BEAR? 🐻 💬 Leave a comment and discuss with the community! OANDA:XAUUSD
FX:XAUUSD
by TonyL0ng