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On the short-term, the biggest resistance for eth is 2602 (filling short positions), while the small resistances of 2535 and 2550 in the morning can be shorted, take profit at 2488-2466.
btc today's maximum pressure is near 60100, the Rebound given last night at 59300 is still effective in the morning, but take profit for most of it, then short at 59850, 60085, with a stop loss at 60300; 58200 has not effectively broken through yet, for now, go long and short in the 60000-58200 range. Go long gold first, then go short gold
When gold touched 2510 several times just now, I did not close the order, because I thought gold should be able to reach 2516-2518 area. But gold could not even break through 2513-2515 area during the rebound, and even retreated to 2496 again.
To avoid massive selling caused by the fall of gold, and in addition, short-term resistance is faced in the 2506-2508 area, so I just chose to close our long position near 2505. Although some profits were taken away, it doesn't matter, we will seize more trading opportunities later.
Gold's rebound is weak. Next, we will focus on shorting gold at high levels. Perhaps the next two days will be an opportunity to reach our target area of 2460-2450.
（Source from: TV-By Trading-Hawkeye） On the short-term, the biggest resistance for eth is 2602 (filling short positions), while the small resistances of 2535 and 2550 in the morning can be shorted, take profit at 2488-2466.
btc today's maximum pressure is near 60100, the Rebound given last night at 59300 is still effective in the morning, but take profit for most of it, then short at 59850, 60085, with a stop loss at 60300; 58200 has not effectively broken through yet, for now, go long and short in the 60000-58200 range. XAUUSD 29 August 2024
Trade Idea: Short Position on XAU/USD
Entry Point:
Type: Limit Sell Order
Entry Price: $2,513 to $2,515
This level is near the recent resistance seen in the 1-hour chart and close to the Fibonacci retracement level. It also aligns with a possible reversal zone on the 1-hour chart where price may struggle to break through and could see a pullback.
Stop Loss:
Price: $2,526.00
Placed just above the recent high on the 1-hour chart. This level gives the trade enough room to breathe while limiting risk.
Take Profit Target:
Price: $2,485.00
This level is below the recent support level on the 1-hour chart and aligns with areas of previous buying interest, making it a likely area for price to reach if the trade moves in your favor.
Risk-Reward Ratio:
R/R Ratio: Approximately 2.5
With the entry at $2,515.00, stop loss at $2,526.00, and take profit at $2,485.00, the trade offers a favorable risk-reward ratio of approx 1.5.
Trailing Stop Loss:
Once the price reaches $2,495.00, adjust your stop loss to $2,505.00 to lock in profits while still giving the trade room to move.
Major Trend Direction:
The major trend on the daily chart seems to be slightly bullish, but given the recent rejection at the resistance level, a short-term pullback is expected. This trade idea aims to capitalize on that potential pullback.
（Source from: TV-By therabbittrades） 