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GOLD (XAUUSD): Technical Outlook After The News Gold is currently at a critical point and has formed an inverted head and shoulders pattern on an intraday chart, with a neckline ranging from 2333 to 2339. Upon forming the right shoulder, the price started to consolidate. If the price break and close above the neckline/resistance of the trading range, it is advisable to buy aggressively or on a retest, aiming for a target of 2360. Conversely, if the price drops below the support of the trading range, we will consider shorting the pair with a target of 2300. It is recommended to wait for a breakout for confirmation.
TVC:GOLDLong
by linofx1
6
GBPCAD - Bracketing Channels for BreakoutsAlthough I'm not a traditional channel trader, my eyes light up when I see one. Why? because I know that in the near future the market is going to give me an opportunity to trade & in most circumstances, present a clear clue of what it's likely to do. In this video we're taking a look at the GBPCAD & a recent tight consolidation channel. I'll show you what I need to see in order to have a trading opportunity & where I'm looking for price to go next if that signal occurs. Questions, Comments & Ideas - Please leave them below & I wish you guys a great start to your trading week! - Akil
by Akil_Stokes
2
Asian Paint: Investment Opprtunity Asian Paint's stock price has been stagnant over the last 2-3 years, indicating it is not currently on the radar of investors and traders. On the monthly time frame, it is forming a rectangle or Darvas box pattern. However, if we look at the company's revenue and earnings figures, they are steadily rising. More importantly, its total assets and gross income are also increasing. This suggests that the company, already a market leader, has been steadily increasing its production capacity. Therefore, when industry demand turns, the market leader is likely to benefit the most.
NSE:ASIANPAINTLong
by Pranam18
4
CRUDE OIL (WTI) : Your Trading Plan For This Week⚠️WTI CRUDE OIL broke a significant daily resistance level last week and closed above it. Following the breakout, the market retraced to test the broken level before entering a consolidation phase. I spotted a horizontal trading range on the 4-hour chart. To consider buying the market, I am waiting for a bullish breakout with a candle closing above the range's resistance, which would provide a strong intraday signal. If this occurs, I anticipate a bullish continuation towards the next resistance level.
TVC:USOILLong
by linofx1
5
Bitcoin - Ultimate 2025 target + Name your coinBitcoin should bounce soon from the 62,400 level and continue in the bull market to an all-time high. Why 62,400? All details are in my previous analysis in the related section down below. Critical news: Looking at AI-generated images and listening to AI music causes internal mental bleeding. Regulations on AI will follow. Bad news for AI crypto coins? (Source: X). Michael Saylor's MicroStrategy Acquires 11.9K More Bitcoin for $786M. The company now holds 226,331 bitcoins worth just shy of $15 billion. The company's bitcoins were purchased at an average price of $36,798 each. (Source: CoinDesk). To establish the ultimate profit target for the whole bull run, we need to use the Fibonacci extension and Elliott Wave theory. Throw away all Fibonacci levels on Bitcoin and use only following that works: 0.382, 0.500, 0.618, 1.000, 1.382, 1.618, 2.000, 2.382, 2.618, 3.000 etc......First, we need to make an Elliott Wave count, and after that, we can use the Fibonacci extension tool. As per my Elliott Wave count, we are in the final wave (5) of the whole bull cycle. That means we are in an impulse wave (1)(2)(3)(4)(5) and finishing the fifth wave. In general, to establish the profit target for wave (5), we need to use the Fibonacci extension tool from the start of the bull market, to wave (3), to wave (4). Usually, we want to target the 0.382 fib extension or the 0.618 fib extension. But in this case, it seems to be too low, so I am targeting a 1:1 FIB extension because of the wave (2) look. This gives us a profit target of 114,853. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Also, name your coin in the comment section and I will tell you my opinion + TA. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
269
Gold Probes Bearish Trend Line Resistance - Uptrend Resuming?Gold has had a relatively quiet couple of months, carving out a broad range between $2285 and $2425 since the start of April. While there are no imminent signs that the range will break any time soon, the precious metal is turning higher off support to test (and potentially break) near-term bearish trend line resistance. A confirmed break here would tilt the odds toward more gains to approach the June high at $2385 and potentially the all-time record high near $2425 in time. -MW
FOREXCOM:XAUUSD
by FOREXcom
AUD/USD Range Intact - One Way to Play a BreakAUD/USD has been consolidating within a 120-pip range for the past 6+ weeks, and there are no imminent signs of that range breaking. However, forex traders may still want to prepare for a potential bullish breakout (helped along by a hawkish RBA meeting and weak US retail sales data). In that scenario, a clean break above 0.6700 could open the door for a continuation toward the 78.6% Fibonacci retracement of the December-April drop at 0.6760 and potentially the December high above 0.6850. However, a false break could lead to a rapid reversal back lower, so risk management will be key. -MW
by FOREXcom
Long BTCUSDIdea based on Classical chart patterns (Daily Chart). Abbreviations: M/W/D/H = Month/Week/Day/Hour TL: Trendline DT: Double Top DTr: Descending Triangle FW: Falling Wedge Rct: Rectangle We are still close to the all time highs, and we have also seen a breakout from a 4W FW on the weekly chart indicating some buying interest left near the relative lows. When you look at the daily chart, there is a 6W DT which seems to be complete, but the downside breakout bar is with a long wick. And the closing bar was up. This leads me to suspect this might be a fake breakout. Support is seen close to where we saw the 4W FW pattern completed, with levels close to the last bar acting as key bar to watch. Also, we can see the current market as inside a 20W Rct pattern and we are right around the middle of the box. if the 6W DT fails the first target will be @ 77363, if completed, the target will become the 4W FW target @ 81678.90, and ultimately 20W Rct target @ 84001.60 the problem with this trade is that we still don't have a confirmation of a failure, so i need to place the stop loss at lows level within the formation of this DT pattern which is May16th low @ 64548, being fully aware that this trade might be one that could cause me to enter multiple times. Risk reward calculated against capital using the first target is Entry : 66330 or below SL : 64548 (-0.73%) / TP: 77363(+4.50%) RR: Apprx. 6:1 (as always, not investment advise or prediction)
BINANCE:BTCUSDLong
by NapierAnalytica
2
DMart: Ready for new Highs with Bullish StructureClassical inverted H&S Pattern Structure can be seen in this script. Following points can be considered here before taking any decision: 1. over all Trend is uptrend. 2. Pattern: Bullish IH&S(After healthy Consolidation) Or Inside bar or multiple Resistance BO or Cup and Handle 3. Good Fundamentals 4. over all market structure is also bullish. DISC: For educational Purposes only. Please consult your financial advisor before taking any position.
NSE:DMARTLong
by trade_opportunities
3
Coeur Mining Inc. (CDE) - Bullish Rectangle Continuation PatternAnalysis: Chart Pattern: Coeur Mining Inc. (CDE) is currently forming a Bullish Rectangle Continuation pattern, indicating potential for an upward breakout. Support and Resistance: The stock is consolidating between defined support and resistance levels. Breakout Potential: A breakout above the resistance level could lead to a significant upward movement. Target Price: The target price can be estimated based on the height of the rectangle. Stop-Loss: Set a stop-loss just below the support level to manage risk. Fundamental Overview: Revenue (TTM): $846.97M Net Income: -$108.14M Total Debt: $593.83M Current Ratio: 1.00 Conclusion: The Bullish Rectangle Continuation pattern suggests a potential upward breakout, making Coeur Mining Inc. a promising candidate for short-term gains. However, investors should consider the company's current financial challenges and set appropriate risk management measures. Investment Note: Trading stocks inherently involves risks. Carefully consider your financial situation and investment goals before making decisions.
NYSE:CDELong
by rebenga93