Get started

Technical-indicators

XAUUSD 4H Analysis: Rejection at Resistance – Drop to $2,850?📉 XAUUSD (Gold) 4H Analysis – March 5, 2025 Key Levels: Resistance: Around $2,920 - $2,940 (price is testing this zone) Support: Around $2,850 - $2,860 (marked as a demand zone) Market Structure & Projection: Gold is currently at a resistance level, which has previously acted as a strong supply zone. The price is showing signs of rejection at resistance, indicating a potential bearish move. The chart suggests a drop towards the $2,850 support level if price fails to break above resistance. Indicators & Confluence: 200 EMA (Red Line): Located below the price, showing an overall bullish trend, but short-term correction is possible. Bearish Structure: The recent push to resistance followed by rejection hints at a potential sell-off. Liquidity Grab? If price briefly spikes above resistance and then reverses, a deeper drop could be confirmed. Trading Bias & Strategy: 📉 Bearish Scenario: If rejection at resistance holds, price could head towards $2,850 support. 📈 Bullish Breakout?: If price breaks & closes above resistance with strong volume, upside continuation could be possible. ⚠ Watch for price action at resistance before taking trades. A breakout or rejection confirmation is key. 🔥 What’s Your Take? Bullish or Bearish? Let me know! 🚀📊
OANDA:XAUUSDShort
by MrStellanSight
XAU/USD Weekly Outlook: Potential Pullback or Breakout?XAU/USD Weekly Chart Analysis 🏆📉📈 1️⃣ Current Price: $2,919.35 2️⃣ Key Observations: Distribution on H4: Potential sign of a short-term reversal. 📉 Divergence: Suggests weakening momentum at the highs, increasing the probability of a pullback. ⚠️ Multiple Unfilled Mitigation Blocks (MB): Areas of interest where price may retrace for liquidity grabs. 🧐 Fair Volume Ranges: Notable levels around $2,700 - $2,500, where price might stabilize if a correction occurs. 🔄 3️⃣ Potential Scenarios: If price breaks down from the H4 distribution, expect a retracement toward the nearest MB unfilled levels (~$2,700). If bulls hold momentum, breaking above current resistance (~$3,000) could push prices into price discovery. 🚀 💡 Conclusion: Watch for price action around the unfilled MBs and fair volume ranges. A correction seems likely unless buyers step in aggressively. 🔥 Trade Wisely & Manage Risk! 🔥
OANDA:XAUUSDShort
by MrStellanSight
GBP/JPY Bearish Breakdown – Further Decline Ahead?📉 GBP/JPY Daily Chart Analysis 🔍 Overview: The chart shows GBP/JPY on the 1D timeframe. A bearish outlook is suggested with a projected price decline. The 200 EMA (193.295) is acting as resistance. Current price: 191.906, slightly below the 200 EMA. 📊 Technical Breakdown: Bearish Pattern Formation: Price broke down from a rising wedge (bearish pattern). After a brief retest, it's rejecting the 200 EMA, confirming weakness. Support & Resistance Levels: Resistance: 193.295 (200 EMA). Support zones: 188.000, followed by 184.000. Expected Price Action: The bearish projection suggests further decline towards 188.000 & 184.000. If price reclaims 193.295, it could invalidate the bearish scenario. 🎯 Conclusion: ⚠️ Bearish bias as long as the price stays below the 200 EMA. A drop to 188-184 seems likely unless buyers reclaim key levels. 📌 Watchlist: ✅ Break below 190.000 = Strong sell signal ✅ Reclaim of 193.295 = Bullish invalidation 🚨 Trade cautiously & manage risk! 🚨
Short
by MrStellanSight
1
NZD/JPY Bearish Breakdown | More Downside Ahead?📉 NZD/JPY Technical Analysis (Daily Chart) Key Observations: Downtrend Dominance ⬇️: The pair has been in a clear downtrend since mid-2024, with lower highs and lower lows forming consistently. 200 EMA Resistance 🚨: The red 200-day EMA at 90.088 is acting as a major resistance level, reinforcing the bearish outlook. Bearish Breakout Pattern ⚠️: A descending structure is forming, suggesting a continuation of the downtrend. Projected Drop 📉: The black arrow on the chart indicates a potential drop toward 82.00 - 80.00 levels in the coming weeks. Trading Strategy: 🔴 Bearish Bias: Traders might look for short opportunities on lower highs, especially near 87.00 - 88.00 resistance. ✅ Target Zones: 84.00 (first support) and 80.00 (major support). 🚨 Invalidation Level: A break above 90.00 (above 200 EMA) could signal trend reversal. What’s your trade plan? 🎯📊
Short
by MrStellanSight
EUR/CAD Bullish Momentum: Targeting 1.51+ !?📌 Key Observations: 1. Support Rejection ✅: The price has bounced off the support zone (highlighted in red), which was a critical level for a bullish continuation. This level is now acting as a launchpad for further upside. 2. Bullish Momentum 📈: The market structure suggests a strong uptrend, with recent bullish candles breaking through resistance. 3. Next Target 🎯: The green resistance zone at 1.51+ is the main target for buyers. The blue arrow indicates a potential move towards this level. 4. EMA 200 📉 (Red Line @ 1.48721): The price has successfully traded above the 200-day EMA, reinforcing bullish sentiment. 5. RSI (14) at 58.89 📊: The RSI is approaching the 60 level, showing bullish strength, but not yet overbought (above 70), meaning there’s still room for an upward move. 🔎 Potential Scenarios: If the price breaks 1.51, we could see a further push towards new highs. 🚀 If the price rejects from 1.51, a retracement to 1.50 or lower might happen before another attempt upwards. 🔄 🎯 Conclusion: The market is currently bullish, with a high probability of hitting the next resistance zone. Watch for confirmation near 1.51—a breakout could mean further gains, while rejection could signal a pullback.
Long
by MrStellanSight