HFCElite

HFCElite

Pattern Formation: A Bearish Harmonic Pattern (likely a Gartley or Butterfly) has formed on the XAU/USD 4-hour timeframe. This pattern indicates a potential trend reversal at the D point, aligning with a key resistance zone. Key Levels: 🔹 Entry (Sell Zone): Around $2,879 - $2,880 🔹 Stop Loss: Above $2,885 (to avoid stop hunts) 🔹 Take Profit Targets: TP1: $2,800...

HFCElite

Bitcoin has broken down from a descending channel, leading to a strong bearish move. The price has reached a critical support zone, where a potential reversal or a deeper drop could occur. Technical Analysis: The price has decisively broken below the lower boundary of the bearish channel. A strong bearish momentum has pushed Bitcoin toward a key support level...

HFCElite

Gold (XAUUSD) is showing a bullish setup on the 1-hour timeframe, respecting an ascending trendline and holding above the pivot point (P: 2748.773). The price recently tested S1 (2747.808) and rebounded, indicating strong support. A breakout above R1 (2769.318) could trigger a rally towards R3 (2790.828) and R5 (2815.392). The stop-loss is placed below S2...

HFCElite

This analysis identifies a bearish Wolf Wave formation and an Alternate Bat Harmonic pattern, signaling a potential reversal in gold prices. The trade setup is supported by additional confluence with the R1 Pivot Point Indicator and an ICT Resistance Zone, enhancing the credibility of the bearish outlook. Key highlights: Wolf Wave Pattern: The bearish Wolf Wave...

HFCElite

This idea highlights a bearish outlook for gold, supported by key technical indicators and market conditions. The trade is based on a strategic short position, targeting a move down to 2660 while placing a stop loss at 2725 to manage risk effectively. The analysis includes: Technical Setup: Gold is forming a bearish pattern with potential resistance at 2725. A...