Gold DowntrendBased on the 1-hour chart of gold trading against the USD, I see a few key points for investors to pay attention to. After a strong rally, gold has seen a significant drop, with the price breaking below both the 34 EMA and 89 EMA, suggesting that a short-term downtrend may be forming.
From a technical perspective, the crossover between the two EMAs has previously been a sign of a trend change, and the current price holding below these lines suggests that selling pressure may continue. This rapid decline could be the result of investors taking profits after the price reached new highs.
Signals
Technical analysis of XAUUSD chartDear friends, it's Samson here!
Flag Pattern: The chart showcases a well-formed flag pattern, a classic bearish continuation signal.
Target Projection: Using the height of the previous wave 3 of the flagpole, the pattern's target is forecasted to be around $2,553.
Fibonacci Levels: The price is at a level corresponding to the 0.618 Fibonacci retracement at $2,637, a strong bearish signal, with the next resistance near $2,647 (0.5 Fibonacci retracement).
Breakout Confirmation: A breakout from the flag will confirm the bearish momentum.
Trend Outlook: A macro bearish trend is indicated, supported by resistance rooted in fundamental factors...
Consider, share your opinions and questions, discuss what is happening with OANDA:XAUUSD
My Analysis of EURUSD (1 Hour Chart)Hello everyone,
Ascending Channel Formation:
Price is moving within a clear ascending channel, with higher highs and higher lows forming along the way. This structure suggests a temporary upside correction within the overall downtrend.
EMA Dynamics:
The 34 EMA (purple) is currently acting as dynamic resistance, rejecting multiple attempts to break higher, as indicated by the red arrows.
The 89 EMA (pink) is closely aligned, consolidating the resistance zone and signaling bearish momentum when the price is below these levels.
Key Resistance Zone:
The upper boundary of the channel, near 1.0525, is a key resistance zone. This zone is consistent with the rejection from the EMA and is expected to limit upside momentum.
Near-term Price Movement:
I expect price to retest this resistance level and potentially fake out in the short term before moving lower. A break of the ascending channel to the downside would confirm a continuation of the decline.
Target Level:
The initial downside target is around 1.0450, near the middle of the previous range.
If the decline continues, I expect the price to fall further towards the support level of 1.0352, which marks the lower boundary of my expected price.
Risk Zone:
A sustained break above 1.0550 would invalidate my bearish outlook and signal further upside.
Conclusion:
For now, I am watching how the price reacts at the upper boundary of the ascending channel and the EMA resistance zone. Any rejection or bearish candlestick pattern would confirm my short bias, focusing on the downside targets.
#Fantom Accumulation Zone Revealed: Why I’m Expecting 12x Return#Fantom Accumulation Zone Revealed: Why I’m Expecting 12x Returns 🔥
FTM/USDT Bullish Chart Analysis: Accumulation Zone & Targets
#FTM Bullish Analysis
🔹 UPCOM:FTM has been on an uptrend for the past 7-10 days, currently up 60% in the last 10 days.
🔹 I’m waiting for a dip to buy in my accumulation zone, which is the green box between $0.78 - $0.60.
▪️ Targets: $2/$3.3/$5/$6/$10
▪️ Stop Loss: $0.53
I’m expecting 12x gains from my accumulation zone. I'm super bullish on FTM/USDT in this bull run.
📢 Reminder:
▪️ Don’t go all-in on a single coin. Diversify your investments.
▪️ This is not financial advice. Always DYOR before investing in any cryptocurrency!
What’s your take on FTM? Let’s discuss! 👇
GBP/USD Strong Bearish TrendWith the price moving below both the Bollinger Bands and the SMA. The expansion of the Bollinger Bands indicates that volatility is increasing, a typical sign in a deep downtrend.
The pair has been in a downtrend since October, with new lows being set continuously. The closest support level we can observe is around 1.25730, which the price has recently touched. A break of this level could lead to a further decline, while a positive reaction here could provide an opportunity for a short-term technical recovery.
In the current market environment, based on what I see from the charts and my understanding of the economic factors affecting GBP/USD, my personal view is that the downtrend of the pair is likely to continue. The increased volatility and the price continuously setting new lows are clear signs that selling pressure is taking over.
I expect that any price recovery will likely be quickly sold off in the current downtrend. Upcoming economic events and policy statements from Central Banks may provide additional data to assess the pair's outlook in more detail, and I will continue to monitor closely and adjust my trading strategy accordingly.
Gold-> continue to drop to $ 2600. What will happen?Hi guys,
Gold prices dropped to their lowest level in a week during the Asian session on Tuesday, although spot prices found some support near the $2,600 mark.
Meanwhile, the prevalent risk-on environment, coupled with bets for slower Fed rate cuts and rising U.S. Treasury yields, is driving flows out of the safe-haven XAU/USD. Theoretically, any attempt to push gold prices higher may face limitations.
Ahead, the U.S. Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, is scheduled for release on Wednesday.
Technically, gold is attempting to break out of the key range after testing support. If a false break occurs at the 2634 level, a minor correction towards resistance may form.
Resistance levels: 2634, 2649, 2663
Support levels: 2618, 2607, 2600
If sellers hold the price below 2630-2634, the bearish momentum could strengthen. However, as the price is testing strong support, a significant reaction could form a false breakout and a correction, potentially targeting levels like 2649-2663 (fibo 0.5), before continuing the downtrend.
Sideways Trading Amid Lack of TrendOn the 1-hour chart of EUR/USD, the price is trading between the 34 and 89 EMAs, indicating a sideways market in the short term. The lack of a strong uptrend or downtrend suggests that investors may be waiting for more data or news that could impact the euro or dollar.
From my technical analysis perspective, the market looks like it will continue to trade in the current range until there is more economic data or important political events to establish a clearer trend.
Gold Fluctuates: Geopolitical and Inflation ImpactThe 4-hour gold chart clearly shows the volatility caused by geopolitical and economic events. Gold prices have recovered from lows due to inflation concerns from the new US tax policy, indicating that safe-haven demand for gold remains strong.
Currently, the key support level is at $2,603/oz, with resistance at $2,634/oz. Any break of these two levels will indicate the next direction for gold prices.
Market Comment: Based on technical analysis and current situation, I expect gold prices to increase in the short term. Inflation concerns from the new US tax measures could weaken the USD, supporting gold prices. If prices hold above $2,603/oz and continue to react positively, I expect a further rally, possibly reaching or exceeding $2,634/oz.
EUR/USD Analysis: Bearish Momentum ResumesEUR/USD is dominated by a long-term downtrend, with technical factors and market sentiment leaning towards the sellers. The possibility of the price breaking the 1.0430 support is not small, especially in the context that traders are waiting for clear signals from upcoming major economic events.
Investors need to closely follow the price movements at important technical zones to make appropriate decisions, as EUR/USD is approaching a pivotal moment of the trend.
Downtrend and Signals at EMA 89Currently, the price is approaching the EMA 89, a classic sign of a downtrend. This is confirmed by the moving averages, where the EMA 34 has crossed below the EMA 89, a bearish signal.
However, what is noteworthy is that each time the price approaches the EMA 89, it reacts strongly. This tells me that investors may be using this level as a buying opportunity in the hope that the support level will hold.
CLV/USDT Price Prediction & Analysis CLV/USDT Price Prediction & Analysis 🚀
GETTEX:CLV jumped 660% in the first two weeks of this month and is still up 275%! The risk is high at the current price, so I’m waiting for a dip before entering.
▪️ Buy Zones: $0.055 - $0.044
▪️ Targets: $0.13/$0.51/$1.46
▪️ Key Resistance: $0.19 - $0.14
If the price breaks this level, we might see a strong rally.
Tip: Always manage your trades carefully and follow your risk management strategy.
Stay updated.
GOLD--> Local trend changing? Will it rise to new ATH?Hi guys,
OANDA:XAUUSD after a false breakout at 2700, the price has returned to a correction phase, aiming to consolidate its potential for continuing the trend. In the current situation, the fundamental backdrop is shifting in favor of the metal, which active buyers are pursuing...
Gold has not reacted significantly to the previous rally of the dollar, despite hawkish signals from the Fed.
The reason for the metal's rise lies in the escalation of tensions following the UK and US allowing Ukraine to use weapons to strike deep into Russian territory. Russia responded with stronger attacks afterward. Fundamentally, these actions make gold a safe haven choice for protecting assets.
This week, due to the Thanksgiving holidays in the US, trading volumes are expected to fluctuate sharply at the beginning of the week.
Technically, it is predicted that the precious metal could update its ATH this year. However, short-term levels ahead need to be monitored closely. Specifically:
Support levels: 2685, 2675, 2650
Resistance levels: 2711, 2733, 2750
Nonetheless, the upcoming resistance levels must be observed, as they are likely to trigger the next move for the metal. The adjustment toward the nearest liquidity zones is expected, but we are not talking about a reversal. The correction could end quickly, and the price is likely to return to an upward phase. The medium-term target is 2731-2750...
Possible Test of Major SupportThe EUR/USD chart shows a clear bearish trend, with the price moving within a steady downtrend channel, being pushed down after each approach to the upper line of the channel.
Recently, it seems that the price has tested the resistance level in the resistance area but failed and was rejected strongly, which shows the strength of the selling pressure in this price area.
From the current price position, the next important support point is located at around 1.03500. If the price continues to decline and breaks this support level, it could lead to a deeper decline.
Overall, the current trend for EUR/USD is negative, and traders should be wary of the possibility of further declines. Keeping a close eye on the support and resistance levels will help determine the appropriate times to enter or exit the market.
New Gold Mine in China: Aftershocks in the Gold MarketWhen analyzing the daily gold chart, I noticed that a long-term uptrend has been reversed with a clear break below the rising channel line. This tells me that the market may be preparing for a new bearish phase. This decline occurred even as there was news from the US and other major economies on inflation and monetary policy, which would normally have a strong impact on gold prices. In addition, China's discovery of a gold mine with estimated reserves of over 1,000 tonnes in Hunan province is not only a geological event but could also be a major mover in the global gold market.
With gold prices failing to hold the 34 EMA and falling further, the next support area I see is around $2,520 to $2,560/ounce. This will be a key point to see if gold will continue its downtrend.
BAKE/USDT Bullish Breakout UpdateBAKE/USDT Bullish Breakout Update 🚀
$BAKE is looking strong after breaking out of a bullish pennant pattern, which means it could make a big move soon.
▪️ Buy Zone: $0.31 - $0.40
▪️ Targets: $0.71$1.24$2.23$4.04$8.27
▪️ Stop Loss: $0.20
This breakout is visible on the higher time frame, so the targets are expected to be big.
Keep an eye on this opportunity.
Remember to trade carefully and manage your risk.
#BAKE #Altcoins
Deep Downtrend and Gap AnalysisThe GBP/USD 4-hour chart shows a clear downtrend, with price consistently moving below both the 34 and 89 exponential moving averages (EMAs), which is a clear indication of the strength of the current downtrend. These EMAs are also acting as strong resistance levels, preventing any further price recovery.
From the chart, it appears that a gap has been created during the price decline. In the short term, if price starts moving back to “fill the gap” and breaks above this level, it could signal a reversal or at least some stabilization before resuming the current trend. However, if price continues to fall and fails to return to fill the gap, this would further reinforce the downtrend and could test lower support levels.
Gold : The fundamental context and goals have both changedOANDA:XAUUSD The breakout of the local downtrend channel has disadvantaged sellers. The fundamental background is changing, despite continued USD buying and the prevailing risk-off environment, which overall favors gold as a safe-haven asset during times of crisis.
The stronger USD, supported by the ongoing "Trump trade" rally, and US bond yields have rebounded across various maturities.
Despite the optimism around the USD, gold prices remain resilient and benefit from escalating geopolitical tensions between Russia and Ukraine.
Therefore, gold prices are likely to continue their growth in the near term before today’s scheduled news (PMI)... However! Since this is pre-news before session closing, reactions may consolidate for sellers before further strengthening.
Technically, gold has every opportunity to retest the boundaries of the previously broken channel. However, based on fundamental news and technical factors, we can conclude that further growth may continue.
Prices are heading toward a liquidity zone, from which a correction may occur, followed by expected further strengthening in the near term. But in any case, I prioritize and consider buying upon a clear breakout of gold at 2686 - 2700, targeting the medium-term highs as outlined on the chart.
Gap Analysis and Gap Filling PotentialThe EUR/USD chart shows a gap, which occurs when the price jumps across a certain range without any trading taking place between the two prices. Currently, the price pattern suggests that there is a possibility of a gap filling, meaning that the price could move back to fill the gap in the near future.
This usually happens when the market reacts to a sudden and unsustainable price move. The gap filling is likely to occur if EUR/USD continues to decline and approaches the key support level at 1.0400, a point where many traders may use to re-price or place new buy orders. This is an important move to watch, as it could influence the short-term trend and momentum of the market.
Gold Rebounds Strongly After US ElectionThe current chart shows that gold has made an impressive recovery after two consecutive weeks of losses, with a clear increase, marking an increase of $135/ounce in the past week. This comes amid a gradual replacement of the pessimism following Donald Trump's election victory by renewed optimism among traders and experts.
Through chart analysis, it is clear that gold is in a strong recovery process. The short-term EMA has crossed above the long-term EMA, indicating a positive trend reversal. This is in line with the results of the latest Kitco News survey, where the majority of experts (89%) and retail traders (66%) predict that gold prices will continue to rise in the coming week.
Looking ahead, I expect this optimism to continue to support gold prices, at least in the short term.
Gold Surges: Political Momentum and New OutlookAmid the escalating Russia-Ukraine conflict, gold witnessed a sharp increase in price, closing at $2,716/ounce, reflecting strong demand for safe-haven assets. This recovery was evidenced by the price of gold breaking above both the 34 and 89 EMAs, indicating a reversal from the previous downtrend and opening up a positive outlook for prices in the short term.
I assess that global political factors along with the upcoming US economic policy will continue to be the main factors affecting gold prices. Investors should pay attention to these developments when making investment decisions in the current context.
EUR/USD Faces Strong Bearish Pressure: Is 1.0390 a Stop?The EUR/USD chart is currently showing a clear bearish trend as the price continues to stay below both the Bollinger Bands and the SMA. In particular, the downward cross of the SMA by the price line indicates that the bearish momentum is still very strong.
From a technical perspective, the next important support level could be at 1.0390, if the downtrend continues. It will be important to monitor whether EUR/USD can stabilize and recover at this level, or if it continues to decline. The recovery could be difficult as the short-term moving average (SMA) and the Bollinger Bands are still above the current price, forming strong resistance.
Overall, the current trend shows challenges for the euro, and I will continue to closely monitor the technical indicators to adjust my trading strategy accordingly
ChainGPT Holding Strong at $0.140: Can ChainGPT Go Up 1300%?ChainGPT Holding Strong at $0.140: Can ChainGPT Go Up 1300%?
🔹 Current Price: $0.140, sitting at a strong support zone.
🔹 Accumulation Zone: $0.140 - $0.115 (Green box).
🔹 Expectations: Big potential gains for $CGPT!
🔹 Long-Term Target: $1.40 (HTF Parallel Channel Resistance), which is ~1300% from the accumulation zone.
Targets:
1️⃣ $0.180
2️⃣ $0.270
3️⃣ $0.47
4️⃣ $0.80
5️⃣ $1
6️⃣ $1.50 🚀
Stop Loss: If the price drops below the green box, it may turn bearish.
DOT/USDT 500% Potential: will it Hit New ATH ?#Polkadot ( CRYPTOCAP:DOT ) Bullish Chart Analysis
🔹 Performance: In just 25 days, DOT has surged 180%, showing strong bullish momentum.
🔹 Entry Strategy: Price is settling—look for the best entry zone for potential gains.
Best Entry Zone: $7.80 - $6.50 (Key FVG area).
Targets: $16 / $23 / $32 / $45 / Bonus Levels 🚀
Red Box Insight:
Strong Resistance Zone: Watch the red box closely.
Breakout Potential: If DOT breaks the red box, it could trigger a massive upward rally.
Support Flip: After breaking, this resistance will turn into a strong support zone.
⚠️ Risk Note: This entry carries risk. If you decide to enter, use a minimum amount and manage your risk carefully.