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XAUUSD: Buy when it falls back to the support rangeGold market fundamentals: Affected by this week's US economic data, according to the CME FedWatch Tool, the market currently has a 55.5% probability of the Federal Reserve cutting interest rates by 50 basis points in September, down from the previous 70%. The increase in geopolitical risks in the Middle East has led to an increase in safe-haven demand (it is not convenient to explain in detail here, you can learn about the latest Middle East conflicts on your own) Gold market technical aspects: Yesterday I said that once the dense resistance range of 2411-2422 is broken, the potential for growth will increase. Now that the gold price has come above the resistance range, the dense resistance area has also turned into a dense support area. At the same time, this rebound has now formed an upward trend. If it can break through 2430-2440, then the gold price is likely to test the historical high again. Trading strategy: In the figure, 2416 is the previous high and the support of the lower track of the Bollinger Band. 2422 is the support of the middle track of the Bollinger Band and the Fibonacci retracement of 0.618. Therefore, I will buy if it falls back to the support range of 2416-2422 today, and I am bullish on 2430-2440. Support range: 2410-2400 Resistance range: 2430-2440 Daily risk data: Canada's July employment (little impact)
OANDA:XAUUSDLong
by AntonyTP
GameStop (GME): What Lies Ahead ?A pivotal moment as the stock breaks through the channel with a bullish surge, hinting at a potential shift in market sentiment. Here's a closer look: Positive Indicators: • Financial Resilience: There are signs that GameStop is gaining control over cash burn and losses, suggesting a possible turnaround in its financial stability. • Margin Expansion Potential: Optimism brews around the prospect of improved margins, driven by a strategic shift towards higher-margin software sales and ongoing cost-saving initiatives. • Strategic Capital Raise: GameStop's decision to capitalize on the recent share price surge by issuing shares at a premium indicates a proactive approach to bolstering its financial position. Challenges and Concerns: • Earnings Reality Check: Q1 results falling short of expectations raises questions about GameStop's ability to adapt to evolving market dynamics and meet investor demands. • Management's Communication Strategy: Limited engagement with investors, marked by the absence of conference calls or Q&A sessions, fuels speculation about management's long-term vision and transparency. • Sales Dynamics: A complex mix of declining hardware sales, shifting software preferences, and the rise of subscription services presents formidable challenges to GameStop's growth trajectory. Navigating through this landscape of opportunity and uncertainty, investors are left to ponder whether this bullish surge marks a genuine turnaround or merely a temporary reprieve in GameStop's tumultuous journey. Disclaimer: Market movements are inherently unpredictable. Always conduct thorough research and consider professional advice before investing.
NYSE:GME
by Julien_Eche
1
Bouhmidi-Bands and Overnight Session - Name of the Game The overnight range was the name of the game today. As mentioned earlier, we were looking for a potential break in either direction. After establishing the initial balance, we saw a test of the overnight session low (5019), which was successfully defended. Subsequently, buyers entered the market, leading to a push higher in $ES. This move broke the high of the overnight session (5036), confirming bullish momentum and surpassing the previous day high (5058) & upper #BouhmidiBand, reaching a peak at 1.3s BB (5074). In the last 1.5 hours, NYSE:ES retraced back within the Bouhmidi-Bands.
CME_MINI:ES1!Long
by SalahBouhmidi
2
AVAX Kimbo Meme coin could of bottom out from hereLooking at the charts and volumes it done it's 3rd leg wave down in volumes (OBV chart at the bottom) and $0.0003992 US price could of been the next bottom for these waves. If so, Kimbo poised to be big for AVAX meme coin The OBV volumes showing less selling presure now and good chance in the days ahead great buying pressure Some of the fundamentals: Avalanche Foundation Snaps Up KIMBO, COQ, and Three Other Tokens as First Meme Coin Investment www.coindesk.com I when to dexscreener to evaluate what moving fast for meme coins - dexscreener.com - Clicked on LIQUIDTY and when sort by descending order, Kimbo is number 2 spot. The number 1 spot doesn't have much value but Kimbo has long term potential for big gains Their website is IMPRESSIVE!! So much community work on this meme coin A++ www.kimboavax.com This the big one - they actually "burning" the "token supply" so Kimbo becomes more scarce. What think going to happen with the prices when reduce the token supply? Prices go up and up and faster! If scroll down the bottom of the page for Kimbo website you see "Kimbo Merchandise" - These meme coins have VALUE! and can buy NFTs for it too Fundamentals is good, AVAX team buying into this meme coin for exchange liquidity. Most likly be listed on KuCoin and then Binance. This has pretty good volumes too and I like the charts for this great opportunity On twitter they going to expose this project to the masses on Facebook, Instragram i believe very soon. It has 18,000 twitter followers and can go pass the 50 to 100,000 followers twitter.com This poised to be the next Shib Inu, Dodge meme coin where billon and billon of dollars flood through this project Do you like Kimbo, do you think it has so much potential?
TRADERJOE:KIMBOWAVAX_03A588.USDLong
by SmallWindow
Maybe VWAP bands are still the best?I know, I know, a very confusing title. Point is, we have been running after far too many indicators to tell us about BTC happening, but the best one to support us during the volatile period is still the VWAP bands. As we can see, price has bounced and being rejected from level 1 bands, upper side band. A very daunting place to make a decision of BTC future. I would its possible that it can break and go to abyss or go to heaven. My bet is abyss.
INDEX:BTCUSDShort
by Pratik_4Clover