GOLD MOVE AFTER HITTING TRIPPLE TOP / 20-24 JAN, 2025The chart represents the XAU/USD (Gold Spot/USD) on a 4-hour timeframe. Here's the analysis based on the key elements highlighted:
1. Trend Analysis:
The price is currently in an uptrend, as indicated by the ascending purple channel.
The 50-period moving average (yellow line) is sloping upwards, supporting bullish momentum.
2. Resistance Zone:
There is a resistance zone marked in red at around 2724-2730. The price recently tested this level but was rejected, suggesting strong selling pressure.
3. Support Levels:
The green zones represent potential support levels:
The first support is around 2700 (aligned with the lower boundary of the ascending channel).
A stronger support zone lies at 2660, which could act as a reversal point if the price breaks below the channel.
4. Projected Scenarios:
Scenario 1 (Bearish Pullback):
The price could consolidate below resistance and break the ascending channel, reaching the 2660 zone (dotted red line).
This level may serve as a significant reversal area, pushing the price back up (blue arrow).
Scenario 2 (Continuation):
If the price maintains above the 2700 support and holds within the channel, a retest of the 2724 resistance zone is likely.
Breaking above this zone could signal further bullish continuation.
5. Key Observations:
The rejection at resistance suggests the possibility of a correction in the short term.
The green support zones and the channel lower boundary are critical for determining the next move.
Watch for breakouts or breakdowns from the channel for confirmation of trend direction.
Recommendation:
For bulls: Monitor for entries around 2700 or 2660 with tight stop-losses below these levels.
For bears: Look for selling opportunities if the price breaks below the ascending channel or resistance remains intact.
World situation:
Gold prices dipped late in the North American session but are still on track to end the week with gains of over 0.40%, as markets anticipate the inauguration of US President-elect Donald Trump. Currently trading at $2,701, down 0.44%, the yellow metal remains a preferred choice for investors amid political uncertainty.
Geopolitical tensions and US political developments continue to influence Gold’s performance. Despite steady mid-term US Treasury yields, Gold buyers were unable to drive prices higher for additional gains before the weekend.
Identify:
Gold hits large-frame resistance 2724, weakens and corrects short-term decline. Market awaits new economic policies of President Trump
Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, PIPS & PROFIT identifies the important key areas as follows:
Resistance: $2724, $2748
Support : $2662, $2633
Always support Pips & Profit by LIKE AND COMMENT TRADINGVIEW. Thank you very much everyone 🌸🌸
Beyond Technical Analysis
MARKET ANOMALY DETECTOR (MAD) - PAID INDICATORThe Market Anomaly Detector (MAD) indicator displayed in the chart appears to effectively capture potential tops and bottoms based on price and momentum conditions. Here’s a detailed textual summary of its performance:
Key Observations from the Chart:
1. Capturing Bottoms:
• The green zones and buy signals (marked with green labels) align closely with areas where the price reverses from downward trends, indicating that the MAD indicator successfully detects oversold conditions or areas of bullish divergence.
• The confluence of the green shaded areas with the lower bounds of the volatility bands further supports the accuracy of the buy signals in identifying trend reversals.
2. Identifying Tops:
• The red zones and sell signals (marked with red labels) correspond to local peaks where the price reverses from upward trends. This suggests that the MAD indicator effectively detects overbought conditions or bearish divergence.
• The sell signals also tend to align with price closing above the upper volatility band, highlighting the MAD’s ability to identify overextensions in price.
3. Z-Score and RSI Filters:
• The Z-Score values and RSI thresholds displayed in the chart (e.g., Z-Score: 0.77, RSI: 52.77) appear to act as reliable filters to validate signal accuracy.
• These additional parameters help the indicator avoid false signals in sideways markets by ensuring that trends are well-defined before signals are generated.
4. Trend Detection and Cooldown:
• The indicator employs background shading (green for bullish trends, red for bearish trends, and grey for sideways markets) to provide a clear visual representation of the overall market structure.
• A cooldown mechanism appears to prevent excessive signals in choppy or low-volatility conditions, making the signals more actionable and reducing noise.
5. Support for Reversal Strategies:
• The MAD indicator excels in detecting early signs of trend reversals. By combining divergence-based logic with volatility and momentum filters, it helps traders identify actionable entries and exits.
Effectiveness in Capturing Tops and Bottoms:
• The MAD indicator demonstrates high precision in aligning buy signals with significant lows and sell signals with notable highs.
• The visual clarity of the shaded regions and the confluence of signals with volatility bands make it particularly useful for trend-following or counter-trend strategies.
• While the indicator is highly effective, minor lag in signal generation might occur due to the reliance on confirmations from momentum and volatility parameters. This trade-off enhances reliability but may slightly delay entries in fast-moving markets.
Improvements for Enhanced Accuracy:
• Fine-tuning Z-Score and RSI thresholds could improve responsiveness to extreme conditions.
• Adding additional filters, such as volume or time-of-day considerations, may help reduce false signals further in low-volume conditions.
Conclusion:
The MAD indicator performs exceptionally well in detecting tops and bottoms, leveraging a combination of momentum, volatility, and trend analysis. It is highly suited for traders looking for actionable buy/sell signals while maintaining a balance between accuracy and noise reduction.
Message me to know more about getting this indicator.
ELONUSDT Trade LogBought some ELON, took the leap,
A moonshot dream, in charts so deep.
To the stars, it’s set to fly,
Hold tight, let the profits rise high.
Through the dips, I’ll stand my ground,
With each new wave, more gains are found.
In the space where rockets zoom,
ELON’s the ticket, to break the gloom.
JAN 19TH 2025 ANLYSIS /SENTIMENT
🔥 Futures Market Analysis: Friday Recap & Monday Domination Plan 🔥
Friday Recap (January 19, 2025): Crushing the Week 💪
Friday’s futures market wrapped up with some serious moves and setups for next week:
1. 📈 Equity Futures:
• S&P 500 E-mini climbed steadily, flirting with key resistance at 4,500. Bulls stayed in control, setting up for what could be a breakout week.
• Nasdaq Futures stole the spotlight 🚀, smashing through resistance as tech stocks carried the load. If you’re not watching this, what are you even doing?
• Dow Jones Futures cooled off as industrials and energy weighed down the index. Time to let the big dogs rest.
2. 🛢️ Commodities:
• Crude Oil Futures tapped the brakes (-1.3%) after a red-hot rally earlier in the week. The sell-off screams profit-taking, not panic. Watch for a bounce next week.
• Gold Futures hit a six-month high 💰—safe-haven buyers are loving inflation fears and global tension. It’s shiny for a reason.
3. 📉 Treasury Yields & Volatility:
• Bond futures relaxed, with yields dipping as traders priced in Fed softness.
• The VIX dropped as if it knew Monday would be quiet. But don’t let the low volatility fool you—big moves are brewing.
💥 Monday Outlook: Dominate the Holiday Gap 💥
With markets closed Monday (MLK Day), here’s how to stay ahead of the game:
1. Sunday Night Action (Overnight Session):
• Expect light trading volumes—perfect for quick volatility spikes.
• 🔑 Focus Areas:
• News from Asia & Europe could dictate overnight direction.
• Crypto futures (Bitcoin 🚀, anyone?) may provide early clues for risk appetite.
2. Tuesday Gap Risk:
• Big Gaps Ahead? With no trading Monday, markets could open Tuesday with serious energy. Gaps up or down will depend on weekend news—don’t sleep on this!
• Levels to Watch:
• S&P 500 E-mini: 🚧 Resistance at 4,500, support at 4,420.
• Nasdaq Futures: Ready to rumble between 15,800 (resistance) and 15,300 (support).
📅 What’s Coming Next Week?
💡 Tuesday: Flash PMI data could shake things up.
🔥 Thursday: Initial jobless claims—are we still #winning in the labor market?
💣 Friday: Core PCE inflation (aka: what the Fed really cares about). This will be the week’s mic drop.
Your Game Plan: From Crushing It to Kicking Ass 🔥
1. 🚨 Be Ready for Whipsaws: Low volume means traps are everywhere. Stay sharp, and don’t let the algos outsmart you.
2. 📊 Monitor Key Indicators:
• VIX: A spike = risk-off.
• Crude Oil: If it starts bouncing, it could set the tone for energy stocks.
3. 💪 Scenario Mindset for Tuesday:
• Bullish Setup: Earnings and macro optimism light the fuse.
• Bearish Setup: Bad news (or no news) throws cold water on the rally.
You’re not here to play nice. You’re here to dominate. So bring the heat Tuesday and make sure your strategy is locked and loaded. Let’s kick ass and take names this week. 💥
Let me know if you want me to tweak the energy or tone!
#SMC Short idea for #BTC Bitcoin is getting close to a crucial liquidity zone where short traders' stop-losses are probably going to be activated. An entry here might draw a lot of stop-loss orders, which is something that Bitcoin frequently looks for. With a risk-reward ratio of 1:4 or higher, this setup presents a compelling chance for a short trade.
NAUKRI KEY LEVEL FOR 20/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
LEGEND SPEAKS #2 (Paul Tudor Jones)Paul Tudor Jones is a legendary hedge fund manager known for his ability to predict market movements and his disciplined, strategic approach to trading. His success in both traditional markets and commodities, combined with his risk management techniques, has made him one of the most respected names in the world of finance. His insights and trading philosophy offer invaluable lessons for anyone looking to improve their trading strategies.
Here are some key lessons that traders and investors can learn from Paul Tudor Jones’ remarkable career.
1. The Importance of Risk Management
One of the core principles that Paul Tudor Jones emphasizes is risk management. He is famous for saying, "The most important thing is to play defense, not offense." Rather than focusing on maximizing gains, Jones prioritizes minimizing losses. His approach involves cutting losses quickly and letting profits run, which is critical for long-term success in trading.
Key Takeaway:
Cut losses quickly and allow profitable trades to run their course. Effective risk management is essential for preserving capital and staying in the game.
2. Focus on the Big Picture and Macro Trends
Paul Tudor Jones is known for his macroeconomic perspective. He focuses on big-picture trends, such as interest rates, inflation, and global economic shifts, to guide his trading decisions. Jones is particularly famous for predicting the 1987 stock market crash, where he profited by betting against the market based on his macroeconomic analysis.
Key Takeaway:
Understand macroeconomic trends and how they influence the markets. A deep understanding of the broader economic landscape can help inform your trading decisions and give you a competitive edge.
3. Adaptability and Flexibility
One of the defining features of Paul Tudor Jones' career is his ability to adapt to changing market conditions. While many traders stick to rigid strategies, Jones remains flexible and willing to adjust his approach based on new data or changing trends. This adaptability is key to navigating volatile and unpredictable markets.
Key Takeaway:
Be flexible in your approach. Stay open to new information and be willing to change your strategy if the market conditions shift.
4. Trust Your Instincts, but Rely on Data
Jones believes in the power of intuition, but he stresses the importance of using data to back up your instincts. While his ability to predict market movements may seem like intuition, it’s actually a combination of deep market knowledge, research, and pattern recognition. Jones once said, "The secret to successful trading is to know yourself." His success stems from his ability to merge data analysis with his own experience and gut feeling.
Key Takeaway:
Combine data analysis with intuition. Trust your instincts, but ensure they’re grounded in sound research and market data.
5. Cutting Losses is Key to Long-Term Success
Jones' philosophy on cutting losses is one of the cornerstones of his trading strategy. He advocates that losing a small amount of money is far better than holding onto a losing position in hopes of a rebound. He uses strict stop-loss rules to ensure he doesn’t let any position turn into a large loss.
Key Takeaway:
Implement strict stop-loss rules. Don’t allow losses to compound. By cutting losses early, you ensure that they don’t derail your overall strategy.
6. Be Patient and Wait for Opportunities
Paul Tudor Jones emphasizes patience in trading. He is known for waiting until the right opportunity presents itself rather than rushing into trades. He waits for high-probability setups and takes positions when the risk-to-reward ratio is in his favor.
Key Takeaway:
Be patient and wait for high-probability setups. Don’t rush into trades; wait for favorable conditions and a solid risk-to-reward ratio.
7. Use Leverage Wisely
Paul Tudor Jones has been known to use leverage in his trading, but he does so cautiously. He understands the power of leverage to amplify gains but also the danger of excessive leverage leading to significant losses. His careful use of leverage allows him to take advantage of market opportunities without overexposing his portfolio.
Key Takeaway:
Use leverage cautiously. Leverage can amplify returns but also magnify losses. Always assess the risks before using leverage in your trades.
8. The Role of Psychological Resilience in Trading
Psychological resilience is a key element of Paul Tudor Jones' trading philosophy. He understands that trading can be emotionally taxing, especially during periods of loss or volatility. To succeed, traders must remain calm, avoid emotional decision-making, and be able to bounce back from setbacks.
Key Takeaway:
Maintain psychological resilience. Stay calm, avoid making impulsive decisions based on emotions, and learn from your mistakes rather than letting them define you.
9. Always Have a Plan, and Stick to It
Paul Tudor Jones is a firm believer in having a plan and sticking to it. Before entering any trade, he makes sure he has a well-thought-out strategy in place, including entry and exit points, risk management rules, and an understanding of the overall market environment. He emphasizes that trading without a plan is a recipe for failure.
Key Takeaway:
Develop a trading plan and stick to it. Having a structured approach to each trade, including risk management and clear objectives, is essential for long-term success.
10. Success is a Long-Term Game
Paul Tudor Jones emphasizes that trading and investing are not about making quick profits but about building wealth over the long term. His strategy is based on understanding the markets deeply, being patient, and focusing on consistent performance rather than short-term gains.
Key Takeaway:
Focus on long-term success. Avoid chasing short-term profits and concentrate on building sustainable wealth over time.
Conclusion: Applying Paul Tudor Jones’ Lessons to Your Trading Strategy
Paul Tudor Jones' success as a trader and investor stems from his commitment to disciplined risk management, macroeconomic analysis, adaptability, and emotional resilience. By focusing on big-picture trends, using data and intuition, cutting losses quickly, and patiently waiting for opportunities, traders can improve their decision-making processes and achieve long-term success.
Moreover, applying Jones' principles of psychological resilience, having a clear trading plan, and using leverage wisely can help traders build a stable foundation for consistent growth. By adopting these insights, traders can navigate volatile markets with greater confidence and build a solid, long-term trading strategy.
RELIANCE KEY LEVELS FOR 20/01/2025//@description
// All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com
// Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work.
**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
Ethereum Price Bounce from Key Support –Potential Breakout Abovehello guys!
Key points to consider:
Support Zone: The $3,160–$3,200 zone acted as support, and Ethereum’s price has bounced strongly from this level, which could indicate further upward movement if the price remains above this zone.
Resistance Zone: Ethereum is approaching the $3,600 resistance level, which has capped the price previously. A breakout above this level would likely trigger a move toward the next target near $3,760–$3,800.
Trend Reversal or Continuation: If the price fails to break through $3,600, it could revisit the support zone, with the potential for a continuation of the overall downtrend. However, a confirmed breakout above $3,600 could signal a continuation of the bullish trend toward higher targets.
___________________________
Brief:
Ethereum is testing key resistance at $3,600 after bouncing from a strong support zone around $3,160–$3,200. A breakout above this resistance could push the price towards $3,760–$3,800, while failure to break it could lead to a retest of lower levels. Monitoring the price action around $3,600 will be crucial for determining the next direction.
Weekly and Today analysis for Nasdaq, Oil, and GoldNASDAQ
NASDAQ closed higher, breaking above the upper trendline resistance on the daily chart. On the weekly chart, the sell signal is still active, and the MACD has yet to cross above the signal line. Therefore, even if the market rises early this week, it could potentially retreat again. This underscores the need to avoid chasing highs.
On the daily chart, a buy signal was generated with today’s candle, but it is not confirmed by yesterday’s action. If today’s session ends with a bearish candle, the buy signal could disappear. For a sustained upward move, today must close with a bullish candle and create a clear buy signal. Furthermore, for this signal to be meaningful, the signal line must move above the zero line, with a wider divergence between the MACD and the signal line driven by additional gains.
On the 240-minute chart, a long bullish candle has created a potential third wave up. Breaking through the upper trendline is significant, but whether this uptrend will continue remains uncertain. Additionally, with U.S. markets closed today for Martin Luther King Jr. Day, today's and tomorrow’s daily candles will be combined. Expect sideways movement with a bullish tilt today, with the main market session tomorrow likely determining the direction. Focus on buying on dips while avoiding chasing highs.
CRUDE OIL
Crude oil closed lower, forming an upper wick on the daily chart. On the weekly chart, the price is significantly distanced from the 3-day and 5-day moving averages, suggesting that this week could see consolidation or a pullback from the $79 resistance level.
On the daily chart, crude has fallen below the 5-day moving average, now trading within a range between the 5-day and 10-day moving averages. The $74–$75 range represents an attractive buy zone during a pullback. This area aligns with the weekly 5-day moving average, making it a critical level to watch.
Around $76, where the 10-day moving average lies, significant support exists on intraday charts. Observing whether this level holds on the first test is crucial. On the 240-minute chart, the MACD remains significantly above the zero line, favoring continued buying on dips. The first key support is around $76, and the second is in the $74–$75 range, where the MACD could attempt another bullish crossover. Be mindful of reduced trading volumes due to the U.S. market holiday and focus on range-bound strategies.
GOLD
Gold faced resistance near the 2760 level, closing with a doji candle. On the weekly chart, the MACD is diverging from the signal line, suggesting that further upside may face resistance around the 2785 level. If the MACD on the weekly chart fails to form a golden cross, a pullback may occur.
On the daily chart, the strong buy trend remains intact, favoring a buy-focused strategy. However, on the 240-minute chart, a potential dead cross could signal short-term corrections. With U.S. markets closed today and tomorrow, gold could dip to the 5-day moving average, creating buying opportunities during pullbacks.
For today, short-term selling at highs with a focus on key support levels for buying on dips is recommended. Sideways movement during pre-market hours may continue, with tomorrow’s main session likely setting the next direction. Stick to box-range trading and take advantage of key opportunities if prices reach critical levels.
With U.S. markets closed on Monday, reduced trading volumes make box-range trading strategies more effective. Use this time to prepare for potential opportunities at key levels. Stay diligent with risk management, and have a successful trading week ahead.
■Trading Strategies for Today
NASDAQ - Range-bound Market
-Buy: 21510 / 21480 / 21350 / 21310 / 21270
-Sell: 21650 / 21740 / 21780 / 21880
Crude Oil - Bullish Market
-Buy: 76.90 / 76.30 / 75.70 / 74.95
-Sell: 77.80 / 78.25 / 78.60 / 79.00
Gold - Bullish Market
-Buy: 2730 / 2723 / 2719 / 2715
-Sell: 2747 / 2753 / 2758 / 2762 / 2777
These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.
If you liked this analysis, please follow me and give it a boost!
NIFTY 50 KEY LEVELS FOR 20/01/2024//@description
// All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com
// Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work.
**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
Developed the proprietary profitable systemThe "Radhe Radhe - Algo Trading Indicator" is designed to help traders identify potential buy and sell opportunities by analyzing price movements with dynamic thresholds. This tool adapts to market conditions and offers insights into trend direction and trade opportunities.
We are doing Algo Trading in Crypto currencies and Commodities
Kekius Maximus: Fibonacci Levels and Key Support ZonesThis coin became famous after Elon Musk changed his Twitter account name!
But what is going on exactly:
Key Resistance Zone:
The resistance around $0.21–$0.22 has been tested previously and remains a significant barrier for upward movement. If the price manages to break this zone, we could see a continuation toward higher Fibonacci extensions.
Fibonacci Levels:
The retracement levels marked in the chart highlight the price's potential correction zones. The 0.618 retracement level ($0.061) aligns closely with the lower support zone, making it a critical area to watch for buyers to step in.
Support Zone:
The $0.045–$0.061 zone is a major area of interest for potential accumulation. This area aligns with the Fibonacci golden pocket, often viewed as a prime area for price reversals in bullish setups.
Potential Scenarios:
If the price revisits the lower support zone and buyers defend it, we could see a bounce back toward the key resistance at $0.21.
Alternatively, if the price consolidates above the 0.382 level ($0.094) and breaks through the resistance without retesting the lower levels, it may indicate strong bullish momentum.
_____________________________________
Conclusion:
Traders should monitor the support zone around $0.045–$0.061 closely for potential long positions. Breaking the $0.21–$0.22 resistance could open doors for a significant rally. Caution is advised if the price falls below $0.045, as it might signal further downside momentum.
NESTLEIND buying opportunityPrice is showing a positive reaction from the institutional buying zone, suggesting a potential buying opportunity at the levels indicated in the chart.
NESTLEIND presents a strong opportunity for both short-term and long-term gains.
Please note: I am NOT a SEBI-registered advisor or financial advisor. The investment or trade ideas I share are solely my personal viewpoint and should not be considered as financial advice.