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PLAINS - LONG TERM BUY OPPORTUNITY FOR 25%+ GAINSPLAINS ALL AMERICAN PIPELINE, L.P. (PAA) has been recovering from all-time lows at $3.00 per share in 2020 with a nice upward channel forming over the past 5 years. Expect some choppy price movements around $20.00 per share but once price breaks above, the next price target is $30.00 per share over the next few years. With uncertainty and war in the middle east, oil and oil stocks can be considered great investments, especially when the U.S. decides to invest more in producing oil domestically. Don't be surprised if the rise moves faster than anticipated if more uncertainty arises in the middle east.
NASDAQ:PAALong
by Miiztasatish
HelenP. I Euro may break suppot level and drop to trend lineHi folks today I'm prepared for you Euro analytics. Observing this chart, we can see how the price strongly declined and reached the trend line, where it found solid support and reversed. From that point, EUR began to grow, forming a clear upward pennant structure. This movement included a break above the local support level at 1.1485, indicating temporary bullish strength. However, despite this breakout, the price failed to secure a strong push through the resistance zone between 1.1485 and 1.1530, instead consolidating just below it. Now the chart shows clear signs of slowing upward momentum. The price remains inside the pennant, but current movement suggests potential weakness near the top boundary. Given the structure and previous reaction points, I expect EURUSD to break below the support level and move toward the trend line again. This would be a natural retest of the lower boundary of the pennant. That’s why I’ve set my target at 1.1365, a level that coincides perfectly with the trend line, offering a realistic area for price to react once more. If you like my analytics you may support me with your like/comment ❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by FirstNameHelen
6
GBPUSD: Your Trading Plan For Next Week 🇬🇧🇺🇸 GBPUSD formed an ascending triangle pattern on a daily time frame. Your next signal to buy will be a bullish violation of its neckline. To confirm a breakout, we will need a daily candle close above 1.362. A bullish continuation will be expected to 1.37 level then. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
Gold closed strong bull weekly candleGold closed strong bull weekly candle. gold manage to close a solid weekly candle that manage to cover most of previous wick highs that showing a strong indication that it wants to reach its ATH as first destination which is accordance to fibo from the latest bearish movement of 3403 to 3295. Bias is Bullish. However, in the current daily line chart. we are at 3-point touch of resistance. which also indicate a very strong point of resistance. 1st scenario is I foresight gold will continue its climb towards 3500 or even closer to it to cfm its direction. if breaks above 3500 means gold will head towards 2.618 of fibo. 2nd scenario, if gold did not manage to break the 3500 ceiling, possibility for a trendline support retest as previous the weekly trendline was able to be broken however due to fundamental of trade war tariff its bounce back making it as a fake out. my plan for next week. 1. I will still focus to look for buys, however I will only scalp position. means if I identify a support area to buy with a clear confirmation of fresh breakout target with a 50pips 1st tp 50% and 100pips 25% and balance B.E. for every setup. 2. I will wait for a confirmation of sells setups nearer to its resistance. if a strong and clear rejections appear in smaller tf shall i take that trade with the same principals and target as it makes sense to sell high. at the current no trader is wrong to buy or sell as we are in at the most volatile area that a minute candle goes as much as 100pips. only money management that will keeps us alive. A self reminder to me as well. All the best traders. may it'll be a fruitful week ahead for all of us.
OANDA:XAUUSDLong
by HAN_Simply_Trade
Favorite Fibonacci ChannelI posted about the Fibonacci Channel I regularly use to set my stop loss, mean reversal TP, and breakout TP. It's typically 0.5 for a mean reversion, and the breakout is typically confirmed with a strong move past the 1.27 or -0.27 threshold, with 1.88 as the expected move and Euler's e and Pi as the followed profit targets. The vice versa is true for negative Tp below the zero line. I trade it as low as the 1-minute time frame to as high as weekly, as it works very well, especially when it's preparing a squeeze.
COINBASE:BTCUSD
by OneWallStreetQuant
Bulls are in control, and pullbacks are opportunities!Gold rose directly at the opening today due to risk aversion, reaching a high of around 3446.8. We successfully stopped profit twice when we went long. Subsequently, we also notified everyone to enter short positions at 3445 and exit with profit at 3425. Pay attention to the support situation at 3395-3408. Going long on pullbacks is still the main trend at present. From the current gold trend analysis, today's gold mid-line pulled up and broke through and stood above the 3400 mark to further continue its strength. The short-term support below is around 3310-3408, and the key support below is around the recent top and bottom conversion position of 3395-3405. The intraday pullback relies on this position to continue to be bullish and the short-term bullish dividing line moves up to 3345-3350. The daily level stabilizes above this position and continues to maintain the trend of low-long rhythm. Be cautious about short orders against the trend. I will give you tips on specific operations, and pay attention in time. Gold operation strategy: Buy gold when it falls back to around 3395-3405, and target around 3425-3440. If it is strong, continue to buy gold at the support of 3410-3408. When operating, be sure to strictly set stop loss, strictly control risks, and respond to market fluctuations steadily.
OANDA:XAUUSDLong
by TP_Daniel
Technical Trend Analysis of Tata Consultancy Services (TCS) Tata Consultancy Services (TCS), a leading player in the IT services sector, has recently garnered attention for its potential volume increase, making it a focal point for technical analysis. This blog post delves into the current technical trend analysis of TCS stock (NSE: TCS) based on the 1-day chart. Selection Rationale TCS was selected for this analysis due to its observed potential for increased trading volume, a critical indicator of market interest and price movement. The analysis employs a trendline drawn from the highest highs to capture the stock's directional momentum, complemented by Fibonacci retracement levels to identify key support and resistance zones. Trendline and Fibonacci Analysis The primary trendline, established from the peak highs, indicates a downward trajectory over the observed period. This suggests a bearish sentiment prevailing in the short term. Overlaying the Fibonacci retracement tool, the price action reveals significant support at the 0.236 level, currently aligning around INR 3,445.70. This level has historically acted as a strong support zone, where the stock price has demonstrated resilience against further declines. Key Support and Resistance Levels Resistance Levels: The chart highlights resistance at INR 3,660.00 (0.5 Fibonacci level), INR 3,936.90 (0.618 level), and INR 4,176.50 (0.786 level), with the upper bound nearing INR 4,600.00. Support Levels: Beyond the current support at INR 3,445.70, additional support is noted at INR 3,200.00, with a potential downside to INR 3,055.50 if the trend continues. Volume Insights The volume bars at the bottom of the chart reflect intermittent spikes, particularly around key price movements. This corroborates the selection criterion of potential volume increase, suggesting that significant buying or selling pressure could influence future price action. Conclusion The technical analysis of TCS indicates a bearish trendline with the stock currently testing a critical Fibonacci support level at 0.236 (INR 3,445.70). Investors and traders should monitor this level closely, as a break below could signal further downside, while a rebound may indicate a reversal or consolidation. Given the potential for volume-driven movements, staying attuned to market developments will be essential for informed decision-making. For a more comprehensive analysis or real-time updates, consider utilizing advanced tools and platforms like TradingView, and consult with a financial advisor for personalized investment strategies. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making investment decisions.
NSE:TCSLong
by stocktechbot
Gold will inevitably fall after risingGold has risen sharply due to the violent geopolitical conflicts and the surge in risk aversion. It once reached around 3445, but in the process of falling back, it only touched 3408 and rebounded again, stabilizing above 3400. It is obvious that due to the changes in fundamentals, the sentiment of gold bulls is high; although the upward momentum of gold near 3440 has weakened, there is no clear signal of peaking yet! For short-term trading, it is relatively difficult to participate at present. To be honest, I naturally don’t want to chase gold at a high level; but there are no more signals to support me to short gold for the time being. However, with the rebound of gold, the current short-term support below is in the 3425-3415 area, followed by the psychological support of the 3400 integer mark; and the short-term resistance above is in the 3455-3465 area, followed by the area near 3480. Compared with the profit and loss ratio, I prefer shorting gold for short-term trading, because gold has performed relatively strongly in the London market. Logically, gold will have the inertia to rise in the New York market, so I think gold may rise and then fall in the New York market, so my current plan is to try shorting gold starting in the 3455-3465 area. Because the changes in gold's fundamentals are more extreme and complex, you must set up SL when participating in transactions.
OANDA:XAUUSDShort
by Steffen_Schade
Gold Breaks Out- Bulls Eye Record High Gold prices are poised to mark a third consecutive daily advance with XAU/USD clearing the June opening-range on news of war breaking out in the Middle East. The breakout takes price into uptrend resistance and while the broader outlook remains constructive, the immediate advance may be vulnerable while below this slope. A rally of more than 1.7% extended into uptrend resistance at the median-line before pulling back and the immediate focus is on today’s close with respect to the record high-close at 3431. Risk for near-term inflection off this zone with a close above needed to mark uptrend resumption. Subsequent resistance objectives are eyed at the record high at 3500 and the 100% extension of the May rally at 3578- look for a larger reaction there IF reached. Initial support now rests back at the 61.8% retracement of the April decline / the record high-day close (HDC) at 3355/80- losses should be limited to the median-line IF price is heading higher on this stretch. Subsequent support seen at the May / June open at 3288/89 with bullish invalidation now raised to the May LDC / late-May swing low at 3240/45- a close below this threshold would be needed to suggest a more significant high is in place / a larger reversal is underway. Bottom line: The gold rally has extended into uptrend resistance at the median-line- risk for possible inflection / topside exhaustion into this slope. From a trading standpoint, losses should be limited to 3355 IF price is heading for a breakout with a close above the median-line needed to fuel the next major leg of the advance. Keep in mind we get the release of key interest rate decisions from the Bank of Japan, the Federal Reserve, and the Bank of England next week. The ongoing conflict in Iran adds an additional layer of event risk as gold presses record highs- stay nimble next week and watch the weekly closes for guidance here.
FOREXCOM:XAUUSD
by FOREXcom
GBPUSD Elliott Wave AnalysisHello friends We are witnessing the formation of a complete Elliott wave pattern on the GBP USD chart. These waves from 1 to 5 are quite clear (of course, you can count them so that they become an ABC zigzag, isn't it interesting!) and you can even count their subwaves. Now wave 5 is completing and we are witnessing multiple divergences in wave 5. With the breakdown of the trend line drawn below and a pullback to it, we can expect the price to fall to the specified support. The first support is 1.305 and then 1.2800. Good luck and be profitable.
Short
by M_Gheysvandi
1
Bull market continues? Beware of the possibility of a pullback📰 Impact of news: 1. The geopolitical situation between Israel and Iran deteriorates 📈 Market analysis: In the short term, gold is expected to rise further. Relatively speaking, there is still room for further increase. If it continues to rise today, it depends on the test of 3440 points, which is the opening position of the previous decline. In the short term, pay attention to the 3340-3350 resistance. If it can break through and stay above it, the 3468-3493 line we gave in the morning can still be used as a reference, and it is even expected to reach 3500. But at the same time, the RSI indicator in the hourly chart is approaching the overbought area, so we still need to be vigilant about the possibility of a pullback. 🏅 Trading strategies: SELL 3440-3450 TP 3430-3420 BUY 3415-3400 TP 3420-3440 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell-2
GoPro | GPRO | Long at $1.35NASDAQ:GPRO is a strong brand name, but with a dying userbase / lack of growth. The company has no major turnaround planned, but the chart is interesting. The stock seems to be currently consolidating as the historical simple moving average (white line) is working its way down toward the price - which often leads to a jump. Another candidate for the Santa Claus rally? Or, will the "value" lead to an acquisition? Nothing is guaranteed, but something may be brewing. While not a long-term "buy and hold" candidate for me (personally, unless the business changes or growth seems relevant), it looks very intriguing from a technical analysis perspective. Thus, at $1.35, NASDAQ:GPRO is in a personal buy zone. Target #1: $1.70 Target #2: $2.00 Target #3: $2.50 Target #4: $2.88 (if some good news emerges...)
NASDAQ:GPROLong
by WorthlessViews
12
XAUUSD:Buy or SellRegarding the trend of XAUUSD (gold against the US dollar), it is completely in line with my expectations yesterday. The current price has reached the watershed of 3345. If it breaks through, continue to be bullish. If it does not break through. Then wait for the market to fall. ### Key analysis points 1. Confirmation of resistance breakthrough - The importance of the 3345 level: If this position is a resistance that has been tested many times recently (such as previous highs, Fibonacci retracement levels or trend line suppression), it may trigger short-covering or new buying after the breakthrough, pushing the price further up. - Verify the effectiveness of the breakthrough: It is necessary to observe the momentum at the time of the breakthrough (such as accompanied by a large positive line, increased trading volume) and whether the closing price can stand above 3345 to avoid false breakthroughs. 2. Upward target - First target: If the breakthrough is established, the next resistance may look at the 3360-3380 area (previous high or extended Fibonacci level). - Medium-term potential: If the trend reversal is confirmed, it may even challenge the 3400 psychological level. 3. Pullback risk management - Support level: If it fails to break through 3345 or falls back after a false breakout, you need to pay attention to the support below (such as 3320-3300), which is the short-term long-short watershed. - Stop loss reference: The stop loss of long positions can be set below 3300 to protect the safety of funds. Trading strategy suggestions - Aggressive strategy (breakthrough trading): - Entry: Go long when the price breaks through 3345 and then confirms the pullback. - Stop loss: Below 3320 (adjusted according to volatility). - Take profit: Close orders in batches (3360, 3380). - Conservative strategy (retracement trading): - Wait for the pullback to the 3320-3300 support area to stabilize and then go long, stop loss 3280. - The target is the same as the breakthrough strategy. - Short warning: If the 3345 resistance continues to suppress and a bearish pattern appears, consider shorting with a stop loss above 3360. Variables to be added 1. Time frame: Is the above analysis based on the daily or 4-hour chart? Short-term trading requires a smaller cycle to confirm the signal. 2. Driving factors: Pay attention to the Fed's policy expectations, the US dollar index, the geopolitical situation, etc., which may suddenly change the technical pattern. Summary Whether the current rebound can continue depends on the effectiveness of the breakthrough of 3345. If successful, it can be bullish, but a strict stop loss is required. If you need a more detailed entry point analysis or position management plan, please feel free to let me know your trading cycle and risk preference, and I will provide you with a customized strategy.
TVC:GOLDLong
by Ludvig_Band_King