Beyond Technical Analysis
XAU/ USD! 11/5! Gold short term recovery! Aiming for target2705XAU / USD trend forecast November 5, 2024
Gold price (XAU/USD) recovers from an intraday dip, holding near $2,735 with little change heading into Tuesday's European session. Safe-haven demand driven by the close US presidential race and potential for increased Middle East tensions supports the metal. Additionally, as traders pull back from the "Trump trade" and anticipate further rate cuts from the Federal Reserve amid a cooling US job market, US Treasury yields decline. This has led to renewed US Dollar selling, adding further support for gold as global equity markets maintain a cautious outlook.
Election results approaching - slight recovery before sharp decline, heading towards 2705
/// BUY XAU : zone 2734-2731
SL: 2726
TP: 50 - 150 - 300 pips (2761)
Safe and profitable trading
US ELECTION AND GLOBAL
Trading strategies related to the global market and the U.S. election can be shaped by a combination of political risks, market sentiment, and macroeconomic trends. Here's a breakdown of potential trading ideas:
1. Election-Related Volatility Plays
Volatility Index (VIX): Election periods are often marked by increased uncertainty, which can drive up the VIX (a measure of market volatility). Traders can consider buying VIX-related instruments or options as a hedge against volatility.
Short-Term Options: You might see heightened implied volatility leading up to the election, especially if the race is close or contentious. Trading short-term options strategies like straddles or strangles could benefit from large price movements during the final weeks of the election.
2. Sector Rotation Based on Election Outcome
Energy and Infrastructure: The U.S. election could heavily influence sectors like energy and infrastructure, depending on the policies of the candidates. A candidate with a pro-oil stance might boost energy stocks, while those favoring clean energy and infrastructure could benefit companies in the renewable energy sector or construction.
Strategy: Long positions in energy ETFs (e.g., XLE) or renewable energy ETFs (e.g., ICLN) based on the election's projected outcome.
Healthcare: Healthcare and pharmaceutical stocks are sensitive to political changes, especially when it comes to health policies, drug pricing, and healthcare reform.
Strategy: Consider using options or ETFs like XLV or VHT if healthcare is a major policy issue.
3. Interest Rate Sensitivity and Inflation Hedge
The Federal Reserve’s stance could change depending on the incoming president. If inflation remains a key issue, a hawkish Federal Reserve could continue raising rates. This would likely affect sectors like real estate and consumer discretionary while benefiting financial stocks.
Strategy: Long financial stocks or ETFs (e.g., XLF) if you're expecting a hawkish Fed post-election.
Treasury Bonds & TIPS: If inflation concerns linger or the election leads to fiscal policies that increase government spending, Treasury Inflation-Protected Securities (TIPS) could see demand, especially if investors worry about long-term inflation risks.
Strategy: Buying TIPS or inflation-sensitive assets.
4. Global Equity Market Impact
Trade and Geopolitics: A change in U.S. leadership can influence global trade policies, tariffs, and relationships with major trade partners like China, the EU, or Latin American countries. Depending on the anticipated policy shift, emerging markets (EM) could either gain or lose favor.
Strategy: If you anticipate a more protectionist or anti-globalization approach, consider shorting emerging market ETFs (e.g., EEM, VWO) or looking into defensive sectors (e.g., utilities, consumer staples).
5. Currency and Commodity Plays
USD Impact: U.S. election outcomes can also affect the U.S. dollar. A more market-friendly candidate may strengthen the dollar, while a candidate seen as unfavorable for business could weaken it. Watch currency pairs such as EUR/USD, GBP/USD, and USD/JPY.
Strategy: Depending on your election expectations, take positions in currency ETFs or futures for the USD or foreign currencies.
Gold and Precious Metals: Historically, gold has been seen as a safe haven during times of political uncertainty. If the election brings heightened risk or a change in U.S. monetary policy, gold could see inflows.
Strategy: Long gold (GLD) or silver (SLV) ahead of the election if you anticipate market uncertainty.
6. Post-Election Policy Momentum
After the election, the market will likely react to the newly elected president's agenda. If the winning candidate is seen as business-friendly, expect a potential rally in risk assets. On the flip side, if the winner is expected to implement restrictive policies, sectors like tech and biotech may see a decline, while defensive stocks might outperform.
Strategy: Build a diversified portfolio that hedges against either outcome, using options strategies, ETFs, or futures.
7. Technology and Innovation Plays
Technology stocks tend to thrive under pro-business policies and tax cuts, especially in sectors like cloud computing, AI, and EVs. Depending on the election outcome, you may want to shift your focus on these.
Strategy: Consider ETFs like XLK (technology sector) or individual stocks like NVIDIA, Microsoft, and Alphabet.
8. Demographic Shifts and Policy Impact
Pay attention to policies regarding taxes, healthcare, education, and social security, as these can have significant impacts on consumer spending and long-term trends.
Strategy: Long consumer staples or dividend-paying stocks, which tend to perform well in uncertain environments.
9. Geopolitical Risk Management
The U.S. election could shift the country's foreign policy focus. This may affect geopolitical stability, especially in regions like the Middle East, Asia, and Europe.
Strategy: Adjust global equity exposure or look into geopolitical risk ETFs (e.g., EWZ for Brazil, or EEM for emerging markets) depending on the candidate’s stance on foreign policy.
Summary:
In short, U.S. elections create significant market uncertainty, but this also offers opportunities for traders who can stay ahead of the game. Key strategies should focus on volatility, sector rotation, global macroeconomic shifts, and hedging against political risks. Active management, including the use of options, ETFs, and futures, can help capitalize on short-term movements while hedging for longer-term political and economic changes.
Bitcoin and Crypto US Election Day Forecast and Bullish TargetsHi everyone,
In this video I break down how my Bitcoin forecast over the last few weeks has been playing out (nearly exactly) and where we likely go from here...
I think Bulls are in control, and we'll see Bitcoin at ATH to $80k in the coming weeks...
We review an article form POMP today, saying that who wins the election isn't really that important, and showing very bullish outomes after every previous election cycle...
But I do think a Trump win is likely, and will propel Bitcoin higher faster.
We look at the DXY and how that's rolling over nicely here, potentially taking us to "Bitcoin Rally Zone" and even the Vall-halla "Bitcoin Super Pump Rally Zone" where prices can really PUMP!
I'm hearing more and more people talk about an early left-translated cycle and parabolic blow-off top by the end of THIS year, followed by an everything bubble bursting and deflationary bust.
This is where a Trump win could save the long-tail of the 4-year cycle, by saving the economy.
If nothing else, a Trump win would be more pro-crypto because it's not jus him but a very pro-crypto cabinet with RFK, Elan Musk, Cythia Lummis, and more.
But we're not here to talk about politics!
It's the markets reaction to the news, that matters.
I've said 100 times THIS year and EVERY year... "Show me the charts, and I'll tell you the news".
Lastly, I review my now Top 11 factors that could push Bitcoin to $100, $150k, and even $200k.
And the charts showing the same... Interesting that the 1.618, 2.618, and 3.618 almost perfectly align with $100k, $150k, and $250k.
I also show how these targets can be achieved by measured moves of the Bitcoin Bull-Flag breakouts, using 2 different scenarios.
Let me know what you think below, and as always would appreciate a like, tip or share with someone you like in the crypto world!
I we can get to 100 likes, I'll do more of these on a regular basis.. and do an end of week post-election breakdown.
Thanks, and thanks again to TradingView for making this great platform we all use.
Brett Fogle
Moonstream Crypto
In the Genes for GH’s Path.Guardant Health is building strong bullish momentum, with a gap forming around the $21.50 level. A breakout above the $26.37 resistance would signal further upward movement, targeting the $37.05 weekly resistance. With an appealing 3.6 risk-to-reward ratio, this trade offers an attractive short-term opportunity, while a stop-loss at $19.19 ensures effective risk management.
In the longer term, Guardant Health’s bullish outlook could extend to $41.06, supported by its advancements in precision oncology and liquid biopsy technology. With growing adoption of early cancer detection and genomic testing, Guardant Health is positioned to capture increased market share as demand for cutting-edge diagnostics rises. For those with a longer-term view, holding with a $19.19 stop-loss provides an opportunity to capture potential upside while managing downside risk.
This combination of technical momentum and Guardant Health’s strong positioning in the healthcare innovation space supports a bullish push toward $37.05, with a longer-term target of $41.06.
Risk-on Risk-off Market Snapshot, 06/11/2024Market Flips to Risk-on Mode. Game on?
The market has transitioned to a risk-on mode, with investors showing renewed confidence as they seek higher returns in growth-oriented assets.
This shift is evident in the strong upward movement of the S&P 500 (SPX), signaling optimism about economic resilience and corporate earnings potential. A decline in the VIX (Volatility Index), often seen as the “fear gauge,” further reinforces this sentiment, as lower VIX levels indicate reduced market anxiety and volatility expectations.
A Word of Caution
While a risk-on mode presents growth opportunities, it can also increase susceptibility to sudden reversals. Economic and geopolitical conditions remain complex, and any unexpected negative news—such as disappointing economic data, an adverse geopolitical development, or a hawkish shift in central bank policy—could quickly shift sentiment back to risk-off. Investors should maintain a balanced approach, using risk management strategies like setting stop-loss orders or diversifying their portfolios to mitigate potential losses if the market sentiment changes abruptly. In a volatile world, even a risk-on rally can be short-lived.
Disclaimer: This is not financial advice. The information provided is for general informational purposes only and should not be interpreted as financial or investment advice. Always consult with a professional financial advisor before making any investment decisions.
Telehealth Triumph!Teladoc Health is building bullish momentum, with a gap forming around the $7.50 level. A breakout above the $10.66 resistance would signal further strength, positioning the stock to reach the $15.02 weekly resistance. This setup offers an appealing risk-to-reward ratio, with downside managed by a $7.13 stop-loss.
In the longer term, TDOC has the potential to reach $21.60, driven by the rising demand for telemedicine and digital health solutions. As healthcare increasingly moves toward virtual care, Teladoc’s innovative platform and expanding service offerings position it well for growth. With strategic partnerships and increasing adoption, Teladoc stands to capture a growing share of the telehealth market, supporting both short-term momentum and long-term value.
This combination of technical momentum and strong market fundamentals supports a bullish push toward $15.02 in the near term, with potential to reach $21.60 in the longer run.
Follow @The_Trading_Mechanic for more health check-ups on your investments!
NYSE:TDOC
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66450 zone, AUDUSD is trading in a down trend and currently is in a correction phase in which it is approaching the trend at 0.66450 support and resistance area.
Trade safe, Joe.
GOLD showing signs of post election bull runWe can see this through 3 confirmations;
-break above of long term channel symbolized with blue line,
-shortly after the break above price formed a new channel symbolized with light purple line which was then broken above too,
-the most important confirmation is continuous support at 2733 where before it broke above of both channels, it supported 2733
The point of interest is whether it can escape the box section
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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(USDT.D 1M chart)
I think that in order for the coin market to start a bull market, it must fall below 4.97 and be maintained or show a downward trend.
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(BTC.D 1M chart)
At this time, in order for the altcoin bull market to start, I think that BTC dominance must fall below 55.01 and be maintained or show a downward trend.
If BTC dominance rises, it means that funds are concentrated towards BTC, so most altcoins are likely to gradually move sideways or show a downward trend.
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(ETHUSDT 1D chart)
For that reason alone, the rise of ETH is significant.
Since all coins (tokens) other than BTC can be classified as altcoins, the rise of ETH, which ranks second in market cap after BTC, can be considered the prelude to the altcoin bull market.
Therefore, if it rises from the current box range (2273.58-2706.15), I think it is highly likely that the altcoin bull market will begin.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Long IREN vs. the shorts?Today, a firm sent out a notice that they are short IREN so I'm going long. Their track record suggests going long when they say go short is a potentially very profitable short term strategy. They are often correct long-term, but sometimes a short wouldn't survive a margin call and short-term a contrarian long play can often yield 30-500%
Some of their recent calls:
Short call opening price the next day was 28.90. Peaked at over 40 within 2 weeks. Up over 30% in 2 weeks going long.
Short - rallied 7 of the next 8 trading days for a 30% gain.Re-iterated short again about a month after the first call and the close 1 month after the second one was 14% higher.
Short - you'd have made over 400% in 7 months going long against them this time. Even now, the price of the stock is 143% higher than when they made their short call. Good luck on that margin call or even the interest charges on that margin for that matter.
Short - they made this short call on the day of the absolute low close since the call. It closed up over 400% less than 6 months later and is still up over 300% since the call.
Short - stock rallied almost 500% in 4 months after this call... "Hello this is your broker, we're gonna need a LOT more money in your margin account".
There's a bunch more but I think I've made my point. They can be right long term, and still be very, VERY wrong short term. Both things can be true. If you'd have shorted some of these, many people would have been wiped out by the margin calls on some of these before you could ever make money. And you only get to get wiped out once. Shorting is VERY dangerous.
Also don't forget that margin interest runs around 8-10% now. It's "free" to go long provided you aren't using margin to buy (I never would) and very expensive to short these stocks unless you are correct right away. Anyone who knew ahead of time what they were shorting could make a pile on the day the news comes out, for sure. But WE don't know what the stocks are ahead of time. Only they do. But there's money to be made by us regulars when those shorts have to be covered during a squeeze or they take profits.
Props to them for leaving their research up on their website and Twitter and standing by their calls. If you have the margin call cash and the iron stones it takes to watch a shorted stock rise 500% before it falls, you can make money with some of their calls and you're a LOT braver (and richer) than I am. Shorting carries unlimited downside risk and a max gain of 100% (minus margin interest) - remember that.
Don't get me wrong, I respect short side research and there's a lot of validity to some of it. They are spectacularly correct sometimes and can do great things to protect buy and holders of individual stocks. But I'm not a long term owner of the company, just a trader of the stock. And after doing some research, the fact is, there's a lot of money to be made short-term by trading against them. This is the beauty of free markets - differing opinions create exploitable situations. I'm really glad I stumbled on that news flash.
And for the record, no I'm not naming the firm or the tickers they made calls on, as I don't wanna run afoul of the Tradingview's rules on using others' proprietary info, etc. I like this place too much and don't wanna get run off. You can look it all up for yourself easily enough with Google and the info I've shared here.
And btw - I'm not suggesting investing in IREN or any other stock, this is just my thoughts on the matter and what I'm going to do with the information. Please make your own WISE investment decisions.
Next Volatility Period: Around November 10
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(BTCUSDT 1D chart)
The first major volatility period ends around November 16.
Accordingly, the key is whether it can rise after receiving support near 68393.48-70148.34 among the important support and resistance areas of 68393.48-71280.01.
Therefore, when support is confirmed in the 68393.48-70148.34 area, it is the time to buy.
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You can see that the decline is strong because the StochRSI indicator is currently in the oversold zone.
However, we need to focus on finding the right time to buy depending on whether there is support at important support and resistance points.
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If it rises above 70148.34,
1st: 71280.01
2nd: 72344.74
3rd: New ATH
You can respond depending on whether there is support in the area above.
If it falls below 68393.48, you need to check whether there is support in the area around 65920.71.
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The next volatility period is around November 10 (November 9-11).
It is recommended not to start trading during the volatility period.
The reason is that the possibility of volatility is high, so the possibility of loss is higher than usual.
Therefore, unless you are scalping or day trading, it is better to start trading by checking the movement at the end of the volatility period and referring to where it is.
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If you think about factors other than the chart and think about responses in advance and create a trading strategy, the risk is high.
Therefore, it is important to create a trading strategy based on the movement of the chart without referring to issues or articles other than the chart before trading.
If you come across issues or articles other than charts before making a trading strategy, you may make a wrong trading strategy due to your subjective thoughts.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Opening (IRA): USO Oct 18th 69 Monied Covered Call... for a 67.44 debit.
Comments: This isn't as low as I wanted to get in, but the short call is below where I would've entered would have to have been more patient and waited for 70. In any event, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 67.44/share
Max Profit: 1.56 ($156)
ROC at Max: 2.31%
ROC at 50% Max: .78 ($78)
ROC at 50% Max: 1.16%
Take profit at 50% max; roll in-profit short call to maintain net delta <30.
Opened (IRA): USO Dec 20th 63 Covered Call... for a 61.26 debit.
Comments: (Late Post). High IV (67.7% as of Tuesday close) + weakness.
Added a "rung" to my existing position at a strike better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 61.26
Max Profit: 1.74
ROC at Max: 2.84%
50% Max: .87
ROC at 50% Max: 1.42%
Will generally look to take profit at 50% max, roll out in-profit short call on test of take profit. Here, the 50% max take profit would be .87 + 61.26 or 62.13.
BTC weekly data is shifting. MASSIVE UPSIDE is waiting now! BUY!BTC has corrected healthily to -20% from its peak after reaching its parabolic ATH highs of 73k.
Now the mother of all of coins is showing some strength again. Weekly data metrics is shifting now and buyers are back again, positioning aggressively for the next RUN-UP to ATH and beyond.
From our weekly chart diagram above, you can observe that the black bear cells has faded and the white dot (longs) has literally escaped the shorts prison cell (black cell). This signal has never missed since the 15k BTC season. The batting average of this one playing out again is very very high.
This week is the best time to SEED. Get them all planted now. BTC is already up by 10% after that quick bounce from the strong major order support at 57k area. Signs of what's coming next after this week.
Spotted at 60k area.
TAYOR.