👑 Ideas For XAUUSD / GOLD
📈 GOLD → ATH Update. What are the reasons? Next up is 2500?
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GOLD has been breaking through ATH and testing 2450 since the opening of the session. Possible reasons could be fundamentally weak dollar, as well as geopolitical reasons related to Iran
Earlier we defined exactly the end of the correction, the intermediate bottom at that moment was the area of 2300 and since that moment the price has overcome the way of 150 dollars or 6%. The bulls are back in the market and traders are ready to support the acutal trend.
It is worth paying attention to the support of 2431, 2417, it is possible the beginning of a small correction (assumed 4th wave), within which the price can test the above mentioned areas of liquidity before further growth.
Support levels: 2431, 2425, 2417
Resistance levels: 2450, 2475
The bulls will actively defend the nearest liquidity areas and strong support levels, as these are the risk areas for the buyer. The trend may get its continuation either after a pullback or when the price breaks through and consolidates above 2450
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#XAUUSD 👑
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Amid outflows from gold ETFs (paper gold, not real gold), demand for physical gold has been steadily increasing - global central banks and investors are now actively buying bullion and coins
---
WGC predicts record demand for gold this year
PS:
The price is forming a new high on the spot market.
In general, exactly what I was preparing you for is happening :)
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Are the bulls ready to break through 2430 and go ↑ ?
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GOLD on the background of weak dollar and favorable fundamental background realizes the accumulated potential after breaking through resistance. The price is testing the global resistance of 2431
The market is bullish again, which was supported by economic news, mainly related to inflation.
Technically, the gold is again interested in strong buyers after the correction phase, which ended at the moment of the beginning of the realization of the bullish pattern, as well as the confirmation of the bulls. In general, this movement can be continued, as the general background is favorable for the gold market
In the coming week traders are interested in such news as:
- Powell's speech on Monday
- FOMC meeting minutes on Tuesday
- Initial Jobless Claims on Thursday
Resistance levels: 2417, 2431
Support levels: 2400, 2375
Technically, the price may test the ATH on Monday, but a bounce or a false breakdown may be formed afterwards, which will lead to a small correction. A quick retest of 2431 could lead to a breakout and further growth
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#XAUUSD 👑
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Don't forget about #SFP
If bitcoin goes up, it can trigger the growth of this coin #SFPUSDT
Consolidation lasts more than two years, can you imagine the potential accumulated?
The "trigger" level is 0.8650. A breakout and consolidation above this zone will give a strong surge of volatility and may give a bullish impulse.
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💡 Ideas For BTCUSD 🪙
📈 BITCOIN → The bulls are ready to break resistance. 71K or 73K?
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On the local timeframe there are signs of the end of the locational correction and the beginning of the formation of the third wave. The bullish trend is starting to revive, but there are quite a few key areas ahead that can hold the level.
Yesterday, after the bulls held the defense above 64500-65000, the buyers started to push the price up and tested the resistance 67250 with a false breakdown. There is no fall after the false breakdown, a pre-breakdown consolidation is forming. Bulls are still collecting positions with the breakout target and are ready to go all the way
On W1 the picture is very interesting and this correction has the character of consolidation. Huge volume is being collected from the strong buyer side. The distribution phase that will start after the consolidation is over could continue the bullish trend if the buyers are persistent.
Resistance levels: 67250, 71500, 73700
Support levels: 65250, 64500, 61500
Bitcoin looks quite bullish right now. High interest, favorable fundamental background can affect the strengthening of the price. At the moment it is worth paying attention to these levels, the breakthrough of which may give a continuation of movement, the targets are indicated on the chart
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#BTCUSD 🪙
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#GOLD
Voila! 😎
While many recommended selling, I pointed out the prerequisites and reasons why this should not be done, only buying.
Once the bulls held the defense above the indicated support, they started to consolidate the potential in the 2386-2381 zone with the aim of further rsot.
👑 Ideas For XAUUSD / GOLD
📈 GOLD → Consolidation above 2380 will cause a rise to 2400
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GOLD is consolidating above the important for the market level of 2378. Bulls are trying to keep the defense above this zone in order to continue growth on the background of weak dollar
Gold is recovering after leaving the correction channel. The price is once again near its highs (ATH), within the current move the price could quite possibly renew it if the fundamental background does not change next week.
At the moment, the main objective of the bulls is to consolidate above 2378-2385 in order to go higher: to 2400 and then to 2430-2450.
Support levels: 2378, 2371
Resistance levels: 2400, 2418
Within the current trend we may see a continuation of the trend. There is no strong news on Friday, so the movements may be calm. I am waiting for the resumption of growth from 2378, or from the channel support.
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#XAUUSD 👑
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#UPD #BTC:
There are preconditions for possible price fixation above 65K
Waiting for growth to 67K
NB!
Breakout of 67200 will give impetus to 70K
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#BTCUSD 🪙
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Just Wow! 😍
A 600% rally that could have been caught!
With 10x leverage you could pick up 6000% with tiny risk!
Last September, I shared with you an idea on #PEOPLEUSDT. How beautifully the potential was realized after the market moved from a consolidation phase to a distribution phase
Notice how the coin went, now that's a beautiful pump and it's a strategy of sorts. Similar situation with the #SFPUSDT coin I shared recently.
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12:30 GMT - Initial jobless claims
Initial jobless claims measure the number of people who applied for unemployment benefits for the first time in the last week. It is the earliest economic data in the U.S., but its impact on the market varies from week to week.
Initial jobless claims are expected by traders to come in at 219k versus 231k in the previous period.
A higher than expected reading should be negative/bearish for the dollar, while a lower than expected reading should be positive/bullish for the dollar
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💡 Ideas For APEUSDT 💰
📈 APEUSDT → The coin gives indications to possible growth
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APEUSDT forms a conglomerate of patterns, the realization of which can lead to a trend change or forging rally. A bear market may change to a bull market
The coin has found a bottom by forming a strong pattern. Consolidation is forming, but local prerequisites give an opportunity to the growth of the coin.
On the local timeframe the price broke the trend resistance and is testing the upper boundary of the triangle. A break of the resistance will give the bulls confidence, which may provoke the formation of a rally. It is worth paying attention to 1.321. Consolidation above this area will be a strong confirmation of the trend change.
Support levels: 1.120
Resistance levels: 1.25, 1.32
I expect the growth to continue after consolidation above the key liquidity area. Consolidation may move to the realization phase.
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#APEUSDT 💰
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💱 Ideas For USDCHF 🇺🇸🇨🇭
📈 USDCHF → False breakdown gives bullish momentum ↑
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USDCHF is forming a false breakdown of range support and uptrend, which opens the market to buy potential. CHF is weakening stronger than the dollar and this could support the uptrend
On D1, the price tested the MA-50 ascending average with a false breakdown, as well as a strong support area at 0.900. Liquidity capture and candlestick set-up form the price reversal and bullish momentum, which, from the point of view of trading inside the range, can lead the price to the upper boundary - 0.9216
Resistance levels: 0.910, 0.915, 0.9216
Support levels: 0.9075, 0.900
A break through the nearest zone 0.910 will accelerate the price strengthening. The bullish trend may continue.
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#USDCHF 🇺🇸🇨🇭
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The number of whales in BTC has started to grow again - Glassnode data
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#ETHUSD 🔷 continues to realize a false breakdown of the uptrend support.
The only disadvantage is that the price is still in the range in consolidation.
Accordingly, if the price goes beyond the figure resistance, buyers can pick up this movement and only accelerate the growth to 3500-4000-4500
ETH may surprise in the coming months in terms of strong growth. The token does not have any serious supply constraint in the market right now such as unlocking tokens or pressure from miners.
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Friends, do you think the correction is over? What are the next targets? 75K, 100K or 50K?
Share your comment at the link below 👇
https://www.tradingview.com/chart/BTCUSD/TVXyx2J7-BITCOIN-The-bulls-are-ready-to-break-resistance-71K-or-73K/
Thanks for your support ❤️
PS:
By the way, in the link above, I posted a wave review, and also pointed out little secrets that pointed to growth :)
💡 Ideas For EURUSD 🇪🇺🇺🇸
📈 EURUSD → A false breakout leads to a correction. 1.080?
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EURUSD is forming a correction after a false breakdown. The movement is formed after updating the local highs. The fundamental background for the currency pair is positive
The false breakout occurs against the resistance at 1.0885, as well as the rising line limiting the trend. If the fundamental background persists, in this case the correction will not last long and the global bullish movement may start to recover. On H1 it is worth paying attention to the support: 1,080 (liquidity area), which the price may test. This boundary may become the lower zone of the new range, which may confirm the change of trend.
Support levels: 1.080, 1.0766, 1.0736
Resistance levels: 1.0884, 1.0942
Technically, a false breakdown of resistance and corrective downward movement is forming. Today there is no strong news and movements can be calm.
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🟣Spot&Futures signals
🟣Support for most popular exchanges
🟣Over 82% accuracy
〰️〰️〰️
📶The result of the CRYPTO VIP CHANNEL
🎖Jun19-Jun25 +1550%🟢
🔹Sep11-Oct01 +132%🟢
🔹Oct02-Oct08 +101%🟢
🔹Oct09-Oct22 +128%🟢
🔹Oct23-Oct29 +344%🟢
🔹Oct30-Nov05 +278%🟢
🔹Oct30-Nov05 +278%🟢
🔹Nov06-Nov12 +218%🟢
🔹For November +343%🟢
🔹For December +815%🟢
🔹For January +46%🟢
🔹For February +838%🟢
🔹For March +278%🟢
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The negative fundamental background for the dollar persists.
Against this background, money may find its place in other assets
After a slight pullback, market movements may recover
👑 Ideas For XAUUSD / GOLD
📈 GOLD → The realization phase is taking shape. Target 2450?
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GOLD is strengthening well on the background of weakening dollar index, related to fundamental reasons (news on inflation). Gold's strengthening may continue, but after a correction
Bulls are interested in 2378-2350 area. The main task is to take the defense above the key liquidity and support zones. Confirmation of the end of the correction phase on H4-D1 is forming and the market is moving into the bullish phase, forming a strong realization in the form of distribution. Practically, we should wait for support retest and consolidation above the level with the aim to continue growth towards 2400-2450.
Today at 12:30pm Initial Jobless Claims is published, analysts are expecting a decline in the index, which could be a bullish scenario, but actual data above 219K could weaken the dollar, while below it could strengthen.
Resistance levels: 2397, 2400
Support levels: 2378, 2352
The local correction phase may be stopped near the key levels, but it all depends on the news, if they confirm the general fundamental background, the gold growth will continue, otherwise, the local correction will drag down to 2350.
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#XAUUSD 👑
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#DXY ( dollar ) fell sharply on Wednesday after traders reacted to the latest U.S. inflation data. The indicator, which measures the dollar's strength against six rival currencies, fell about 1 percent from 105.04 to levels near 104.20, marking a third straight losing session. The dollar has been steadily declining this month, losing about 3% of its value.
The consumer price index, or CPI for short, fell to 3.4% in April, down slightly from March's 3.5%. But it was enough to bolster investor confidence that the Federal Reserve will take this decline into account when setting the path of interest rates for the rest of the year. Reduced price pressures have revived hopes for lower interest rates. And this was reflected in the markets as a whole.
EUR/USD jumped 1% and is trading near $1.09. Gold prices jumped to near $2,400 an ounce. Bitcoin rose 8% to cross $66,000 per token. And stock indexes soared to record highs thanks to a slight decline in the economic report. What's remarkable about this price drop is that it was the first this year after prices rose in each of the previous four months
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#nzdusd
The 0.600 area worked just fine. The bulls realized their goal 100%
The target of 0.6083 is reached, respectively: +83 pips in the pocket 😎
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