Hot update: What are XAUUSD and BTCUSD "looking for"? The opportunity to enter orders is waiting for you!
Hello traders and financial market enthusiasts.
In today's trading session, I took a close look at two asset pairs that are attracting special attention: XAUUSD and BTCUSD on the 4-hour timeframe. Given the developments on the charts, what will be the good opportunities for us to "act"? Let's dive into the analysis!
XAUUSD can Regain Its Glory?
4 hour frame analysis:
1. Strong growth phase: XAUUSD has experienced an impressive growth phase in April, peaking around the $3,500 region. This is a sign of remarkable strength from the buyers, indicating that safe-haven demand remains very high.
2. Correction and Consolidation: However, after this peak, XAUUSD entered a correction and consolidation phase, trading mostly within a certain range. Currently, the price is operating around $3,320.
- Key Signals:
1. Resistance: The $3,380 - $3,400 area is acting as a key resistance zone. For XAUUSD to continue its strong upward momentum, it needs to break and hold above this zone.
2. Support: The nearest support level we need to watch is around $3,300 and further at $3,200. If the price breaks below these levels and shows signs of a reversal, it could be an opportunity.
3. Market sentiment: It seems that the market is waiting for clearer macroeconomic information to guide XAUUSD.
2. Support: The nearest support level we need to watch is around $3,300 and further at $3,200. If the price breaks below these levels and shows signs of a reversal, it could be an opportunity.
3. Market sentiment: It seems that the market is waiting for clearer macroeconomic information to guide XAUUSD.
Potential trading opportunities (on 4 hour time frame):
1. Buy (Long) on Resistance Break: If XAUUSD breaks decisively and sustains above $3,400 with increased volume, this could be a signal for a new rally.
Entry: Buy when the 4-hour candle closes above $3,400.
Target: $3,450 - $3,500.
Stop Loss: Place below the broken resistance level (e.g. $3,380).
2: Buy (Long) on Support Retracement and Bounce: If XAUUSD corrects back to the $3,300 or $3,200 area and forms bullish reversal candles (e.g. pin bar, engulfing bullish), this could be a lower-risk buying opportunity.
Entry: Buy on a strong reversal signal at support.
Target: $3,350 - $3,400.
Stop Loss: Place below tested support.
3. Sell (Short) when price fails to break above resistance: If XAUUSD continues to be rejected at $3,380 - $3,400 and there is a strong bearish signal, consider short-term selling.
Entry: Sell when there is a strong rejection signal at resistance.
Target: $3,320 - $3,300.
Stop loss: Place above the rejected resistance level.
BTCUSD : Is the “Crypto King” Preparing for a Leap?
4 hour frame analysis:
The 4-hour BTCUSD chart is showing an extremely interesting signal and could open up a great trading opportunity!
1.Correction: After peaking at nearly $112,000, BTCUSD has undergone a fairly strong correction.2. Formation of a downtrend line: The most notable thing is the formation of a downtrend line connecting the descending peaks. The price has touched this line several times and been pushed down.
3. Potential Breakout: However, in recent candles, we can see BTCUSD approaching and showing signs of breaking this downtrend line! This is a very important signal that the selling pressure is fading and the buyers may be taking over again.
4. Important Resistance: The $106,713.79 level (white horizontal line) is a horizontal resistance level just above the downtrend line. A break of both levels would be an extremely strong signal.
Potential trading opportunities (on 4 hour time frame):
1. Buy (long) When breaking the trend line and horizontal resistance: This is the most notable opportunity for BTCUSD at the moment.
2. Enter order: Wait for the four hour candle to close break decreasing trend and horizontal resistance $706,713.79 level with good trading volume. This will be a confirmation signal for a new growth period.
TARGET:
Target1: $108,000 (Nearest resistance)
Target2: $ 110,000 - 112,000 (Retest old top)
Stop Loss: Place just below the broken downtrend line or below the horizontal resistance level of $106,713.79 (example: $105,000).
Important reminder:
The market is always risky, and all analysis is for reference only. Always remember the following principles:
1. Tight capital management: Only trade with capital you can afford to lose.
2. Always set Stop Loss: This is your "insurance" in the market, helping to minimize damage
3. Be patient and wait for confirmation signals: Don't rush into an order without enough evidence and clear confirmation. Especially with BTC, "fakeouts" are not uncommon.
4. Follow the news: Macroeconomic events and BTCUSD-related news can change the direction of the market at any time.
5. Keep a close eye on the BTCUSD chart in the coming hours. Great opportunities are right in front of us!
Wishing you successful and profitable transactions! Don't forget to leave a comment and share your views!
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