Raza1527

Based on the H4 chart analysis, the price is approaching our sell entry level at 2904.48, a pullback resistance that aligns with the 50% Fibonacci retracement.Our take profit is set at 2871.29, a pullback supportThe stop loss is placed at 2930.95, an overlap resistance.

After a consolidation phase where late buyers got trapped at the top, we've seen price drop to the downside liquidating multi-billions in buy orders in the past few weeks. I believe this Wave 4 shakeout will be followed by another bull run.

Last Friday was Non-Farm Payroll day, and there were hints within the circle:After the European market opened, gold experienced a downward trend. After correcting the drop from the European morning session for half an hour after the U.S. market opened, it continued to fluctuate.**On the daily chart, Thursday closed with a bearish candle, and gold showed a series of small bearish candlesticks. Considering attempting to enter short positions, the upward trend for gold this week has ended. However, we still need to wait for Friday's Non-Farm Payroll data to confirm.On the 4-hour chart, gold's fluctuating market is waiting for the Non-Farm Payroll data to guide the direction. Considering the bearish trend on the daily chart, we are waiting for new short signals on the 4-hour chart and looking for entry opportunities on the 1-hour chart to short gold. It is recommended to wait for trading opportunities after the Asian session next Monday.On the daily level, gold closed bearish on Monday, confirming the reversal at point B on the daily chart.Based on the bearish formation at the daily level, look for short signals below the EMA resistance line on the 4-hour chart to short gold.Key focus is on the candlestick reversal pattern in the 2895-2905 range.Gold short targets:TP1: 2859TP2: 2846TP3: 2833

BTC has reacted exactly as expected from the Reversal Area, bouncing back with significant strength. The price action suggests a potential move toward the 85K-86K resistance zone, where we will look for a breakout or rejection confirmation. Technical Analysis:Support Held: BTC respected the Reversal Area, leading to a bullish response.Potential Trendline Break: The descending curve may soon be invalidated if BTC maintains momentum.Key Resistance Ahead: The 85K-86K zone is a supply area where sellers could step in. Trading Plan:Bullish Case: A strong breakout above 86K could trigger a move toward 90K+.Bearish Case: A rejection could offer another buying opportunity near 78K-80K.

Hello, tradersGold is moving inside a clear ascending channel, with the upper boundary acting as long-term resistance and the lower boundary providing dynamic support. Price has been respecting this channel, with multiple touches on both the upper and lower boundaries, reinforcing its structure. Recently, the price formed a double top near the upper boundary, a classic reversal signal suggesting bullish exhaustion.If the price continues to hold below this level, it could lead to further downside. The next major support is around 2,780, which aligns with a previous support level and also falls within the golden pocket on the Fibonacci retracement, making it a significant area for a potential reaction.However, if the price reclaims the double-top region and pushes above recent highs, it would invalidate the bearish outlook and suggest another attempt to break the channel’s upper boundary. For now, the structure remains bearish, with 2,780 as the main downside target.