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Bullishsetup

Gold glimmers with potential as bullish sentiment prevailsToday's outlook for gold (XAU/USD) in the forex market remains bullish, driven by a combination of factors. The price is currently trading near significant resistance levels around $2,531, supported by expectations of U.S. Federal Reserve rate cuts, which would lower bond yields and make gold more attractive. Traders are particularly focused on upcoming U.S. employment data, which could further influence gold prices. A weaker-than-expected jobs report would likely push prices higher, potentially toward $2,600 in the short term. However, if the data shows strong job growth, gold may face downward pressure, with potential corrections towards $2,483-2,477
OANDA:XAUUSDLong
by BELLATRIXFX
Star Health: Trendline Breakout Signals Bullish ReversalStar Health is showing promising signs for long-term holding. The chart shows a clear downward sloping trendline that has been respected for a considerable period. Recently, the price has broken above this trendline, indicating potential trend reversal from bearish to bullish. The immediate swing high at ₹675 is a crucial level to watch. This level may act as resistance in the short term. If the price manages to break above this swing high, it could open the door for a move towards the supply zone. However, if the price faces rejection at this level, a pullback could occur. The chart suggests a potential scenario where the price could retrace after testing the swing high at ₹675. This retracement could provide a good opportunity for accumulation if the price finds support at lower levels, such as the ₹560-580 zone. There is a significant increase in volume during the breakout, which adds strength to the bullish case. Key support levels to watch include the ₹560-580 zone, where the price previously found support after the breakout There is a marked supply zone between approximately ₹770 and ₹820. where sellers have previously stepped in, leading to price declines. If the price approaches this zone again, it may face significant resistance. Consider entering a position if the price holds above ₹675 or on a pullback to the ₹560-580 zone. Accumulating during pullbacks with proper risk management could be a prudent strategy. Be cautious of potential reversals or rejections at the ₹675 swing high or within the supply zone. This is not a Buy Recommendation, just an idea. Please give a boost and comment if you like my analysis and feel free to share with others. Disclaimer: I am not a Sebi Registered Analyst, and the views expressed are of my own and for educational purpose only, Make sure you consult your financial advisor before investing, as I wont be Responsible for any losses incurred.
NSE:STARHEALTHLong
by Kaushik_Karnale
Trade for Monday : Buy the Silver Price: Long-Term Trade. Silver is about 9% off it's high price for 2024. I see this trade as a longer term setup going into September. Daily & Weekly Charts are very supportive of the Silver Price. Stop Loss: 28.45 28.45 is right under a fair-value-gap from a bullish candle that formed on 16th Augt. recently. 28.45 is about 4.83% under current price, so represents a very good R:R as we take this trade up much much higher. Entry Level: To be determined during European/London session during tomorrow (Monday trading)
EIGHTCAP:XAGUSDLong
by Easy_Explosive_Trading
GMT ANALYSIS (breakout)🔮 #GMT Analysis - Breakout Trading 💰💰 🌟🚀 #GMT was trading in a Ascending Triangle Pattern and here we can see that #GMT gave a great breakout. We can expect a long rally in #GMT if it sustain this breakout.💲💲 🔖 Current Price: $0.1170 ⏳️ Target Price:   $0.1370 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀 #GMT  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
DeFi Bulls Can Be Ready; Elliott Wave AnalysisDeFi Index made nice and clean five-wave rally from June of 2023 into March of 2024, which confirms bottom in place, especially if we respect a complex W-X-Y corrective decline since March 2024 highs till August 2024. It's actually already bouncing quite strongly away from key 78,6% Fibo. retracement after potentially completed projected complex W-X-Y corrective setback, but to confirm bulls back in the game, we need to see it back above channel resistance line and 861 region. After recent stock market sell-off due to recession fears, Crypto market slowed down again, but now that risk-on sentiment is back with bullish stocks and bearish USdollar, seems like even Crypto market may stay in the bullish trend, especially if we consider an inflation cool-down and upcoming interest rate cut in US.
Long
by ew-forecast
3
PEOPLE ANALYSIS (ready for breakout)🔮 #PEOPLE Analysis - Breakout 🚀🚀 💲💲 In 12hr Timeframe,Falling Wedge Breakout is Done✅ Ready for a breakout in #PEOPLE but right now we can see that #PEOPLE is trading below its crucial resistance zone and if #PEOPLE breaks the resistance zone then we would see a bullish move  💯🚀 💸Current Price -- $0.05580 📈Target Price   --  $0.10800   ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #PEOPLE  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
BlackRock Bitcoin ETF Is Forming An Intraday Bullish SetupIf we take a look at the hourly chart of BlackRock Bitcoin ETF with ticker IBIT, we can see nice and clean five-wave intraday rally from the lows, followed by an a-b-c corrective setback with first support at 32 area, while second deeper one would be around 31 area. So, seems like it's forming a nice intraday bullish setup formation, thus watch out on a bullish continuation, while it's above 28 invalidation level, just keep in mind that bulls may step in above 34.15 level.
NASDAQ:IBITLong
by ew-forecast