PIPSXTRACTOR

Confluences: -Monthly Fib Ratios have all been tested, priced has reached the -1.3618 FIB TP range. (Strong indicator of a reversal since it's a peak of the entire move since Sept 2022 (3 years)-RSI is in overbought territory if we compare it to the left side of the historical moves which happened (Look at the blue line)-Fundamentals maybe in favor of profit taking and tariffs issues cooling down in the weeks to come which could signify that we are at the top of the bullish move. -Wait for confirmations and engulfing candle to paint on the chart which indicates strong selling pressure before taking any trades. -Buying at ATH prices, will not be recommended for now since late buyers clouded in FOMO often end up losing their money if this sells off aggressivelyCheers

Confluences-Growth does not last forever, profit taking imminent, FOMO traps in play soon-Price approaching weekly channel resistance - 4 touches-RSI Overbought Territory/RSI DivergenceSelling Price Point - 3272, 3300 if overextended with wicks rejectionTP Range to downward channel support; 2350-2400 region

- Overextended ATH of 2817 reached due to fundamentals and policy uncertainties.- Weekly TF wave count seems like correctional wave (b) has ended, starting the move for wave (c). -Start of Wave (c) which could potentially test golden fib ratio of 0.618 (approximately $2480) or if markets chooses to test 0.786 levels, prices could lower extend to the 2400 region. - Once this is reached, next move to $3200-$3400 could be on the cards given the upward sloping trend line maintaining the clear bullish trend for the rest of this year. - Another confluence would be reducing demand from ATH prices sparking heavier supplies at the top causing a sell off to reach target of wave (c). Let me know your thoughts!

Gold has been on an uptrend since the start and given FIBs work cleanly with this pair, thought of sharing an idea. No wrong or right, just my view. Based on FIB levels on the monthly timeframe, GOLD has hit the -0.618 target after its move up nicely from the 0.5 Fib Ratio run up at 1600-1700 range ..High time correction is about to come unless manipulation or further fundamentals persists which could drive prices a little higher. This is definitely from a long term swing POV so obviously it will NOT be an intraday move unless Market Makers/Fear drives prices down at rapid speed. Your thoughts?

GOLD has been bullish in the past few weeks based on cues provided by Fed that cut rates are imminent in September. Believe this has been priced in for the bullish rallies we have seen in the past few weeks. Correction to the bottom of the weekly zone is the next step before GOLD takes another historical highConfluences I see are: - Price is at the top of the channel- GOLD is overbought and DXY has found a strong support zone-Bearish patterns and huge rejection at the all time high price of 2530- FED is only confident that they are ready for rate cuts and no indication given as decision is once again data driven

Price is rejecting nicely on the weekly timeframe. One more move down for liquidity grab and BTCUSD should be ready for a huge pump! A breakout above the recent highs could mean that price is about to reach the next target of at least 90,000. Bull Flag performing perfectly!Playing out perfectly as per my chart..Wicks in and out are purely noises but price has to come back to its direction in due course. This is going to be a huge rally for BTCUSD!! Largely in line with the Nov electionsTarget hit, congrats if you followed this!

Hi All, Good Day! Based on the Daily Timeframe, we see 2 scenarios which are possible for GOLD in the days / weeks to come.1. Potential Double Top @ 1877 region, of course we need some bearish candles to be forming at this area prior to taking a super short trade down. Beware of false breakouts that can occur given GOLD's volatility quite recently. 2. Retesting the top of the Rising wedge. This is highly possible in view of how volatile the market has been on Friday given geopolitical tensions arising between Russia and Ukraine. Overextension could lead to price reaching price levels of 1900 or higher before reversing. Either of these scenarios are possible so we need to monitor and get an entry to secure a highly probable short trade once the price is in either of these zones of interest. DISCLAIMER: Please do not blindly enter a trade but also do your own due diligence as FOREX market is a highly volatile and risky market. Always focus more on money management because trading is a double edged sword. Enter small lots of 0.01 to test and slowly increase lot sizes once you are more confident that the trade will go your way. DO NOT enter trades of more than 1 LOT just because you want to get rich quickly. Take things slow and you will do just fine in the long run. Its all about the consistency! :D Trade Safe! Cheers,Rocket TradersPrice is reacting nicely to the top of rising wedge channel! Lets see where this goes and if more bearish volume comes in, price can fall from here or if it goes higher, most likely approach the higher double top region @ 1918 region