Fibonacci Retracement

GOLD → Correction to support amid a bullish trend FX:XAUUSD retreated from the $4,245 level reached on Monday. A countertrend correction is forming ahead of the news. But buyers are not sleeping... Weak US economic data has heightened expectations of an imminent Fed rate cut. The PMI index in the US manufacturing sector continued to contract. The market estimates the probability of the Fed easing policy next week at 87%. However, rising US Treasury yields and fears that the Fed may send cautious signals after its December decision are lim

ZECUSDT – Potential Long Setup at Key Fibonacci Level ZECUSDT – Potential Long Setup at Key Fibonacci Level After a strong rally, ZECUSDT has entered a corrective phase, dropping from the 750 zone down to 307.8 – which aligns precisely with the 0.618 Fibonacci retracement level. Historically, this area has acted as a significant resistance twice, and once broken, it led to a notable bullish continuation. Currently, price action is testing this level again, and given its historical importance, I see potential for a long setup if bullish confirmati

BITCOIN → The hunt for liquidity before the fall BINANCE:BTCUSDT.P continues to update lows within the global downtrend. The retest of 91K confirmed the dominance of bears... The downtrend continues. The technical and fundamental situation for the crypto market is neutral to weak. Bearish pressure held back the attempt to rise relative to 91K. The market is weak and not ready for growth. The subsequent decline broke the local structure, which generally indicates a bear market, but after updating the local minimum to 83700, a countertrend

Sobha Approaching Key Fib Support — Bounce On the Cards?This is the daily timeframe chart of Sobha Ltd. The stock is currently holding a strong support zone near the 1400–1430 range. If this support level is sustained, Sobha may continue to trade within a range-bound structure. A potential bullish move could emerge towards the 1650–1700 resistance zone. Thank you.

CL1! — Bullish Above 58 with Target at 62.22 Crude oil maintains a constructive bullish structure as long as price holds above the 58.00 key support zone. This level remains the foundation of the current upward bias. The next meaningful obstacle for buyers sits at the 60.69 resistance, which aligns with a major Fibonacci cluster and has shown strong rejection in previous attempts. A clean breakout and sustained close above 60.69 would confirm renewed bullish momentum. Above that resistance, the path opens toward 61.71 followed by the mai

ETHSUD test area 0.618 fibo After breaking through resistance at $2750 in early July, Ethereum ( CRYPTOCAP:ETH ) is attempting to establish it as new support, which is also the 0.618 Fibonacci retracement area.

GOLD → The bullish trend continues. Retest of 4250 FX:XAUUSD is trading at six-week highs near $4,250, supported by a weaker dollar and expectations of a Fed rate cut. The market is storming key resistance... The probability of a December rate cut is 87%. The dollar is posting its worst week in four months after failing to consolidate above 100.0. A break in local trend support could trigger a decline in the index, which would support gold. Today's focus is on the ISM Manufacturing PMI (forecast: 48.6). Weakness in the data could increase

GBPUSD → Attempt to change the trend FX:GBPUSD is attempting a trend reversal. The likelihood of an interest rate cut is quite high, which could support the pound's rise. The dollar is attacking the uptrend support level, failing to consolidate above 100.0. Ahead of the interest rate meeting, another rate cut could weaken the dollar, which in turn would support the pound sterling. The currency pair is breaking downtrend resistance, and bulls are attempting to hold the price above 1.3191. A prolonged squeeze could shift the im

SOLANA → Countertrend correction. Bear market BINANCE:SOLUSDT.P is forming a correction after retesting the intermediate bottom of 120.0. Ahead lies a fairly strong and important zone of interest, to which the market may react... The market structure is bearish. After updating the low within the bearish trend, a countertrend correction to the liquidity zone is forming. A retest of resistance at 143-145 may end in a false breakout and a fall. Bitcoin is also stagnating. There is no strong support from the fundamental side, and the mark

BITCOIN → Retest of the 94,000 zone of interest...BINANCE:BTCUSDT.P is rebounding from its interim low of 80,000. However, it is still too early to talk about a bull market, as a countertrend correction is forming under the current circumstances. Globally, Bitcoin is in a downtrend, with the zone of interest for a countertrend correction being 94,000-95,000. The market structure is bearish, and a retest of the break-even zone could trigger a downward movement within the trend. After a strong liquidation to 80K, the market is forming a pu

ANFIBO XAUUSD – Fibonacci Breakout and Continuation Plan Hi guys, Anfibo’s here! XAUUSD Weekly Trading Plan Overall Picture On the 4H chart, gold has broken out of the previous descending trendline and is now trending inside a rising bullish channel. Price is pushing toward the upper boundary of this channel, and the next key reaction zone is where: The new uptrend channel resistance The old descending trendline (now potential resistance) And the Fibonacci extension cluster all line up around the 4240s. This is where I expect the market to show it

GOLD → Consolidation above 4150 amid a bullish market FX:XAUUSD breaks through 4170 and renews its high to 4193 during the Asian trading session. But further on, the market may consolidate before a possible continuation of growth... The probability of a Fed rate cut in December remains at 82%. Geopolitical risks (Russia-Ukraine) continue to support demand for safe-haven assets. Weekly growth continues, but consolidation above $4170-4190 is required for the movement to continue. However, low liquidity is expected on Thursday/Friday due to th

ETHEREUM → Countertrend correction. The hunt for liquidity BINANCE:ETHUSDT is testing the downward trend line and attempting to break through the resistance conglomerate. Overall, against the backdrop of low liquidity, the market has the opportunity to test 3245... Against the backdrop of low liquidity and without the presence of the American side in trading, ETH is testing the downward line of the local trend. A medium-term downtrend is forming in the cryptocurrency market. There is no strong fundamental support, and after the correction, the dec

GOLD → Consolidation above the support level of the new range FX:XAUUSD is consolidating above 4150 but within the distribution phase after breaking through consolidation. The upward price movement is supported by the weakening of the dollar... The metal remains on track for a fourth month of growth thanks to expectations of further Fed rate cuts and geopolitical tensions. Despite strong US data, markets are still pricing in a 76-85% probability of a rate cut in December. The dollar is weakening, although yields are rising slightly. Against the backd

EURUSD → Formation of an intermediate bottom...FX:EURUSD is forming a consolidation, which hints at a halt in the downward correction. The market is waiting for news that could trigger strong movements... The dollar is pausing and moving into consolidation. If the index enters a correction phase, the euro will go up. A breakout of 1.155 could confirm a change in the local trend and trigger a rally. The price is trading within a downward price channel; locally, the market is not ready to update the low and is consolidating above 1.150

ETH/USD 1D chart review 1️⃣ Trend and general context • ETH is trading after a sharp decline from its local high of ~4,000+. • The price rebounded from a quite strong support zone around ~2,750–2,800. • Current price: ~USD 3,034 → the market is testing the first local resistance. Short-term trend: down, but a rebound and the first signs of reversal are visible. Long-term trend: still upwards (HL/HH on large intervals). ⸻ 2️⃣ Key Levels (from your chart) 🟩 Resistances • USD 3,475 – key resistance + SMA

by cryptodailyuk

QUICK ANALYSIS (1H) — BTC BOUNCED FROM RESISTANCE ✅ 1. Breakout from the downward trendline On the chart, I see: a yellow downward trendline—it has been broken, the candlestick dynamically breaks through it and closes above it. ➡️ This is the first signal of a shift in momentum to upward. ✅ 2. Price is testing the 200 SMA (blue) BTC is currently: touching the 200 SMA, bounces slightly downward—a classic reaction to strong resistance. ➡️ Until we break through the 200 SMA, the market remains in a downtrend. 🟩 3. Nearest resistance leve

by cryptodailyuk

GOLD → Distribution phase. Focus on 4150...FX:XAUUSD is trading at a one-and-a-half-week high, supported by a weaker dollar and growing expectations of Fed policy easing. More news ahead... US PPI inflation showed signs of slowing (2.7% y/y). Retail sales and consumer confidence were weaker than expected. The probability of a Fed rate cut in December rose to 85%. Fed members (Williams, Waller, Miran) supported the possibility of easing However, progress in Russia-Ukraine negotiations is limiting growth Today, attention is focused o

EURUSD - price at critical resistance Further to my previous idea on EURUSD, the price respected the resistance at 1.16300-1.16500. Yesterday the price rebound on (finally) published data and reached the key Resistance at 1.16. If this is Resistance is respected, We are returning to the downtrend and in my view the price will continue down to ~1.14. Just my humble opinion

PNB: Weekly Rounding Bottom Breakout! 🚀 PNB: Weekly Rounding Bottom Breakout! 🚀 📉 CMP: ₹111.16 🔒 Stop Loss: ₹99 🎯 Targets: ₹117 | ₹126 | ₹133 🔍 Why PNB Looks Strong? ✅ Technical Breakout: Rounding bottom breakout confirmed on weekly charts ✅ Retest Support: Successful retest at 40 EMA, strengthening bullish bias ✅ Sector Boost: With rate cuts supporting banking, PNB as a laggard may catch up with upside momentum, especially with improving results 💡 Strategy & Risk Management: 📈 Staggered Entry: Ideal to accumulate in phases 🔒 S

Balrampur Chini: Eyeing All-Time High! 🚀 Balrampur Chini: Eyeing All-Time High! 🚀 📉 CMP: ₹619 🔒 Stop Loss: ₹575 🎯 Target: ₹700 🔍 Why Balrampur Chini Looks Promising? ✅ Technical Strength: Trading above 61.8% Fibonacci level post-correction, indicating strong support ✅ Consolidation Base: Tight range between ₹615–₹580 signals accumulation before a potential breakout ✅ Upside Potential: Breakout from current range could take the stock to all-time high levels 💡 Strategy & Risk Management: 📈 Staggered Entry: Accumulate in phases as th

Hero MotoCorp: Reversal in Sight? 🚀 Hero MotoCorp: Reversal in Sight? 🚀 📉 CMP: ₹4438 🔒 Stop Loss: ₹4090 🎯 Targets: ₹5030 | ₹5700 🔍 Why Hero MotoCorp Looks Promising? ✅ Rounding Bottom Breakout: Weekly close above ₹4412 confirms this bullish reversal pattern ✅ Box Breakout: 8-week consolidation range of ₹4454–₹4202 broken above ₹4460, signalling strength ✅ Flag & Pole Setup: Larger range of ₹3354–₹4454 forms a flag-pole structure with breakout above ₹4460 💡 Strategic Insight: 📈 Confirmation Level: A weekly close above ₹4500 w

Will LINK recover after the information about the ETF?📌 1. Main trend • A clear downward trend, confirmed by a strong, long-term downward trend line (black). • The price is testing this line from below for the first time in a long time → a key moment. If the price breaks it and retests, the trend structure changes. ⸻ 📌 2. Current situation Price currently: ~13.02 USDT Upcoming levels: Support • 12.71 – local support (yellow line). • 11.75 – strong support, here a demand reaction appeared. • 9.95 – the greatest support on the

by cryptodailyuk

GOLD → Psychological level retest before growth FX:XAUUSD breaks through consolidation resistance and renews its high to 4155. As part of a minor correction, a retest of 4100 may form and a battle for key support... The probability of a Fed rate cut in December has risen to 81%. Fed members (Williams, Waller, Daly) supported the possibility of easing this year. Progress in negotiations between the West and Ukraine with Russia reduces demand for defensive assets. Gold remains sensitive to inflation and retail sales data. Strong figures c