On the 4-hour chart of gold, I am predicting a “Cup and Handle” pattern forming, with a strong breakout potential. This pattern is often a sign of further upside, especially when it is confirmed by a breakout above the resistance line.
Recent news suggests that geopolitical instability could be a major factor pushing gold prices higher. For example, escalating...
Gold prices are currently “dancing” around the $2,655 level. The strong support at $2,630.511 acts as the “last fortress” protecting buyers from a steep decline.
However, all eyes are on the critical resistance levels at $2,666.090 and $2,678.543. These are the “gateways” buyers need to breach to unlock a spectacular breakout, driving gold to new highs.
The EMA...
The XAU/USD chart presents an interesting scenario with gold prices currently hovering around $2,660.660, just shy of the critical resistance level at $2,685.776.
Buyers are aiming to break this level to trigger a fresh rally and continue the upward trend. However, if the price fails to break through, a slight correction toward the lower support levels may...
USD/JPY is currently in a tense situation with prices hovering around $146.500. The strong resistance at $146.946 is putting significant pressure on buyers, and if they fail to break through, a sharp correction could push the price back to the support zone at $141.712.
The EMA 34 ($144.652) and EMA 89 ($143.920) are currently providing support, but selling...
Based on the BTCUSDT chart you provided, here’s a concise trading strategy:
Resistance Area: The price range between $64,000 and $68,000 is acting as strong resistance. The price has previously been rejected at this level, signaling a potential sell opportunity.
Sell Plan: If the price moves up and tests this resistance zone again ($64,000 - $68,000), consider...
Looking at the current USD/JPY chart, I predict that the pair has upside potential. USD/JPY recently broke out of an ascending triangle pattern, marking the start of a new uptrend. The next resistance I predict is at the 0.618 Fibonacci level, which is around 148.00.
The recent rise could be supported by positive economic reports from the US or a weakening of the...
The GBP/USD pair is currently showing signs of reversal after forming a round top. The strong rally has now turned into a descending curve, with the price testing the key support at 1.31500. The price’s penetration below the 34 EMA and approaching the 89 EMA suggests that the downtrend could continue.
I predict that if this support fails to hold, GBP/USD could...
The EUR/USD chart is painting a tense picture as prices hover around $1.10714. With strong support at $1.10501, buyers are making efforts to defend this crucial level, preventing deeper declines.
However, the major challenge lies at the $1.11451 resistance, and a strong rally could unfold if buyers manage to break through. Support from the EMA 34 ($1.11299) and...
EUR/USD reveals a tense battle between buyers and sellers, as the price hovers around $1.10334.
Sellers are in control, pushing the price toward the critical support level at $1.10051. This is a key threshold: if broken, the price could plummet, opening up significant selling opportunities.
On the other hand, buyers haven’t given up yet. They’re striving to...
The XAU/USD chart paints a dramatic picture as gold hovers around $2,660.275, approaching a critical resistance level at $2,672.665.
With strong support at $2,625.076, gold continues to hold its strength for buyers. The EMA 34 ($2,648.157) and EMA 89 ($2,613.671) lines act as crucial foundations supporting the upward trend.
If the price fails to break through...
Bitcoin is trading at 64,454 USDT, facing resistance at 65,461 USDT and showing potential for a bearish move. If it breaks below 64,000 USDT, it could drop to the support zone between 63,198 USDT and 63,500 USDT.
Key Scenarios:
Bearish: A break below 64,000 USDT could target 63,200 USDT.
Bullish: A rebound from support may lead to a retest of 65,461 USDT, aiming...
The EUR/USD chart shows a double top formation, a clear signal that the downtrend could continue.
Currently, the price is hovering around $1.10285, a critical support level. If it fails to hold, the downtrend will likely persist, potentially driving the price lower towards the next support levels at $1.09062.
Notably, the two take-profit points (TP1 and TP2) on...
On the EUR/USD chart, I predict a double top pattern will form. The first peak appeared in late September and the second peak is currently being established. The similarity between the two peaks, along with their nearly equal heights, is a sign of potential weakness in buying pressure.
The “neck” of the pattern, or key support, is located at 1.08776, which is the...
The USD/JPY chart reveals an intense battle between buyers and sellers as the price hovers around $144.288.
The strong support at $141.917 acts as a firm "shield," preventing a deeper drop. However, the real focus is on the $146.024 resistance level – the key hurdle buyers must overcome to ignite a significant rally.
If the price fails to breach this resistance,...
The USD/JPY chart is currently tracking a clear bullish channel, with repeated bounces after each minor correction. Having just touched the lower boundary of the channel, the pair has shown signs of recovery, breaking above the nearest resistance level. This makes me confident in the possibility of a continuation of the bullish momentum, especially since the EMAs...
The GBP/USD chart has now formed a flag pattern, indicating a potential continuation of the bullish momentum after the breakout. For me, this is a key sign to consider buying. I expect a breakout near 1.32824 and a continuation of the next bullish move.
Currently, EUR/USD is in a consolidation phase after a recent rally. The price is fluctuating between support at 1.10835 and resistance at 1.12106.
The price has broken below the 34 EMA and is testing lower levels, indicating a short-term bearish trend.
Technically, key support is at 1.10835, representing the recent low. Resistance is at 1.12106, marking the...
The XAU/USD chart presents an interesting market scenario, with gold currently hovering around $2,636.120.
Key support levels at $2,613.983 and $2,607.217 act as a "shield" for buyers, preventing deeper declines.
The strong resistance at $2,677.741 has become the primary target. If gold surpasses this level, a continued upward momentum could occur, aiming for...
