SPY/QQQ Plan Your Trade for 12-11: Flat Down PatternToday's pattern suggests the markets will slide downward after the CPI data came in as expected.
I believe the markets are going to roll into an Excess Phase Peak pattern over the next 5+ days - setting up a big potential downward price swing (the Anomaly Event) before the end of 2024.
Gold is moving into a CRUSH pattern today. We may see a very big price move (I suspect higher) today as traders move to hedge weakness and market concerns globally.
Bitcoin recently set a new lower low, showing us that the dominant trend is Bearish.
Bitcoin set up another potential Excess Phase Peak pattern, totaling four current Excess Phase Peak patterns in this broad sideways consolidation range.
The breakout, either to the upside or downside, in Bitcoin could be very explosive.
Remember, we continue to trade into a low liquidity price trend throughout the end of 2024. So stay cautious and stay aware of the risks for the Anomaly Event.
Get some.
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Commodities
Gold (XAU/USD) Intraday Trade Idea NOWGold (XAU/USD) Intraday Trade Idea
Entry: $2,698
Stop Loss: $2,693
Target: $2,705
This setup provides a risk-reward ratio of 1:1.6, making it a favorable short-term trade opportunity. The entry is based on a key support level, with the target aligning with the next resistance zone.
It’s essential to monitor price action closely at the target level for signs of reversal or continuation.
👉 Follow me for more trading setups and updates:
XAU/USD : Gold will pump to $2700 ? (READ THE CAPTION)Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price opened with a positive gap today, showing a rise from $2633 to $2676. Notably, gold finally made its next move upon reaching this level, and we have seen a correction from $2676 to $2666 so far. The key question now is where the price will close in the next 6 hours.
We might see an initial rejection, but due to recent developments in the Middle East and increased risk, further growth in gold prices is anticipated. Keep a close watch on gold's reaction to the levels of $2689 to $2695. This analysis will be updated moment by moment as the price moves!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XAUUSD / Bearish Volatility Amid CPI ExpectationsGold Technical Analysis
The price reached our target perfectly in the previous idea.
Today the market will be volatile due to the CPI results, and we expect bearish momentum depending on the expectation is excced the previous result, so that will make a bearish volatility on the GOLD market.
As long as trades below 2706 will be bearish to get 2678, to get a more bearish area should close 4h or 1h candle below 2678 to touch 2665 and 2653
On the other hand, to be bullish should CPI release less than 2.7% to get 2719 and 2732
Key Levels:
Pivot Point: 2705
Resistance Levels: 2719, 2732, 2739
Support Levels: 2678, 2665, 2653
Trend Outlook: Bearish Volatile
GOLD Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The instrument tests an important psychological level 2693.4
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2670.0
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
OIL: Three days breakout traders long in the market Hello traders and hope you are doing good! Today I would like to analyse deeply this market, trying to understand the logic behind my thesis. Do not forget to support and comment my idea, nothing change to you, but is really supportive to me.
Overall, OIL looks like potentially going to complete a two weeks dump and pump template, and especially today with CPI and OIL major red news on calendar, it can be pretty interesting, but let's go deeper.
The last week, since Wednesday the market drastically dumped down, breaking on Friday the low of week and closing the day/week in breakout, with short traders in the market. Now, typically, depending on the behaviour of price, the market can keep going breaking lower or reversing if volume is trapped down low, as it happened in this specific scenario.
I would say then, that the low of week can be locked and it may start the reversal process, going to stop short traders from Wednesday.
Monday, in the new week, the market placed a higher high (because it broke the Friday high of day), closing the day as first green day, which is a strong signal of market reversal.
Tuesday, volume was trapped almost all the day below Monday closing price, and a dump and pump session setup pushed the price even higher!
Wednesday, today, market kept breaking higher, potentially higher time frames long traders are driving this move.
Let's discuss about the thesis, as you may already know, I do not predict the market, but I just show what it can be (as per my criteria) the highest probability setup, setting for the day.
The long thesis, which is my current and main view, targeting the previous HOW, could be really interesting if the price will dump down into the low placed in London session, consolidating till 10:30am OIL news release for a buy low long trade setup, which I will be really willing to take.
However, the market can consolidate up high into the current HOD/HOW, for a short scalp back into any higher level long, for example low of London or yesterday closing price, but I will be updating this analysis every hour from the beginning of NY session 8am NYT.
Remember, I do not predict any movement but I only trade setup!
See you later every one and let me know if you need any clarification!
GOLD Is Very Bearish! Short!
Take a look at our analysis for GOLD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2,695.926.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 2,617.334 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 66.99 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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XAUUSD - 4hr Bum n Run update (final)Let the Trade ride! Understand pullbacks will happen but the price is in motion. Respect the trend.
Gold has officially broken about the accumulation phase. Price has retraced back to previous resistance confirming new support. (2675)
Keep in mind:
Today
Core CPI m/m and CPI y/y
Thu
Dec 12
Core PPI m/m and PPI m/m
**Both of these red news events could shift the short term. watch for wicks and false breakouts
THE KOG REPORT - ELECTION SPECIAL - UpdateDaily chart – Election Special:
Quick update on the election chart we have been sharing since the beginning November. As you can see it’s worked well, however, at this stage of the movement we should have seen more upside movement on gold, which the accumulation is controlling. We have now added the additional level below 2590, as potential which corresponds with the KOG Report that has been posted.
Otherwise, nice clean movement, projected from the highs, swings were captured and levels worked extremely well. Red arrow was the projection, green arrows tracking movement.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
XAUUSD - Gold waiting for the inflation index!Gold is above EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel. If we maintain the drawn blue upward trend line, we can witness the continued rise of gold and the limited visibility of the channel ceiling. Within the zone of supply, we can sell with appropriate risk reward. Returning below this trend line paves the way for gold to fall and you can buy within the zone of demand.
According to a report by Bank of America, gold remains on track to reach $3,000 per ounce next year. However, investors need to be patient, as the current price consolidation phase may continue through the first half of the year.
Michael Widmer, Head of Metals Research at Bank of America, stated during the bank’s 2025 Outlook webinar: “Currently, gold is stuck in an environment where there’s nothing tangible to draw investors back into the market.”
The second-largest U.S. bank has highlighted that gold faces significant challenges in the upcoming year, including weak demand from China and pressures on Western investors, who are dealing with the prospect of higher bond yields and a strengthening U.S. dollar.
The report noted, “The Trump administration is likely to pursue a mixed economic policy that, through stronger growth, higher inflation, higher interest rates, and a stronger dollar, could limit investors’ willingness to increase gold purchases in the short term.”
Bank of America strategists predict that Trump’s economic policies, such as potential trade tariffs and similar measures, may force the Federal Reserve to slow down its pace of interest rate cuts in 2025. Analysts expect only two rate cuts next year, one in March and the other in June.
Despite these challenges, precious metals experts believe that gold and silver will remain well-supported in the coming year as economic uncertainties and geopolitical turmoil continue to boost demand for safe-haven assets.
According to a recent Reuters poll of economists, 56 out of 97 respondents forecast that the Federal Reserve will lower its interest rate to 3.50–3.75% or lower by the end of 2025. Furthermore, 93 out of 103 economists surveyed predict that the Fed will cut rates by 25 basis points during its December 18 meeting, bringing the rate to a range of 4.50–4.25%.
Investors are now focusing on the U.S. Consumer Price Index (CPI), which is expected to have increased by 0.3% in November. This data could shape expectations regarding the Federal Reserve’s 2025 policy stance.
Kyle Rodda, a financial markets analyst at Capital, commented: “An expected CPI number essentially gives the Federal Reserve the green light to cut interest rates next week, and this could be the catalyst that gold has been waiting for.”
Meanwhile, Goldman Sachs views the recent decline in gold prices as merely a fluctuation and expects the metal to resume its upward trajectory soon.
Goldman Sachs cited the following reasons for its outlook:
• Accommodative monetary policies
• Central bank purchases of gold
• A return of investors to the gold market
The bank also pointed out that during the 2022 Russian invasion of Ukraine and the subsequent freezing of Russian assets by Western nations, gold emerged as an attractive alternative to the U.S. dollar. Many central banks around the world turned to gold to diversify their reserves.
Goldman Sachs stated: “We do not expect central bank demand for gold to decline. With the Federal Reserve reducing interest rates, investors will also reenter the market. We project that gold prices will reach $3,000 per ounce by the end of 2025.”
Brent - Will stability return to the region?!Brent oil is located between EMA200 and EMA50 in the 4H time frame and is moving in its downward channel. We will look for oil buying positions on the midline of the ascending channel. In case of a valid failure of this channel, we can witness the continuation of the upward trend. On the other hand, within the supply zone, we can make short-term sales with appropriate risk reward.
China has announced plans to implement a “relatively accommodative” monetary policy. This announcement, accompanied by promises of support for more “active” fiscal policies, signals Beijing’s intention to further ease economic conditions. The news drew significant market attention, resulting in a 6% rise in the value of Chinese investment funds on U.S. stock exchanges. Similarly, the Australian dollar gained notable strength in currency markets, and commodity prices saw an uptick.
Meanwhile, according to Bloomberg sources, Chinese drone manufacturers have recently imposed restrictions on exporting key components used in drone production to the United States and Europe. This move strongly suggests that Beijing is unwilling to exert pressure on Moscow to end the war.
On another front, Donald Trump, the U.S. President-elect, announced after meeting with Ukrainian President Volodymyr Zelensky over the weekend that he is making serious efforts to end the war.Writing on his social media platform, Truth Social, Trump stated, “A ceasefire must be declared immediately, and negotiations must begin.” He added, “I know the President of Russia well. Now is the time for him to act. China can help. The world is watching!”
Simultaneously, the Biden administration, with Trump’s backing, is working to secure a ceasefire agreement and the release of hostages in Gaza before Trump’s inauguration on January 20. The negotiations have resumed swiftly and discreetly, with close coordination between Biden’s and Trump’s teams. Steve Witkoff, Trump’s newly appointed envoy to the Middle East, is playing a pivotal role in these talks.
Trump has demanded the release of hostages before his inauguration, warning that otherwise, “hell will break loose in the Middle East.” Biden administration officials have welcomed Trump’s support and are striving to ensure a smooth transition between the two administrations. Adam Boehler has been appointed as the lead official for hostage affairs and is expected to play an active role in Gaza negotiations.
Meanwhile, Goldman Sachs anticipates that OPEC+ production will remain data-dependent. The bank expects OPEC+ to increase production for four consecutive months starting in July, coinciding with strong summer demand. Additionally, Goldman Sachs predicts that India’s oil demand will grow by 0.3 million barrels per day next year.
According to the U.S. Energy Information Administration (EIA) in its latest Short-Term Energy Outlook (STEO), U.S. crude oil production is forecast to reach 13.24 million barrels per day this year and 13.52 million barrels per day next year. The EIA has also revised its 2024 price forecasts for Brent and WTI crude oil downward, projecting $76.51 per barrel for Brent and $80.49 per barrel for WTI. These figures are lower than last month’s forecasts of $77 and $80.95 per barrel, respectively.
U.S. crude oil inventories rose by 0.499 million barrels in the week ending December 6, 2024, following a 1.232 million barrel increase the previous week. According to the API Weekly Statistical Bulletin, this marks the fifth increase in eight weeks, defying market expectations of a 1.3 million barrel draw.
US OIL Trade Log
WTI Crude Oil 1H Short Setup
Trade Idea:
- Bearish wedge forming with price stalling in the 1H FVG (premium zone).
- Confluence:
- Bearish Divergences: CVD and RSI confirm weakening momentum.
- Macroeconomics: Fundamentals lean bearish; CPI results pose a potential risk.
- Risk-Reward: Tight stop above the FVG. Targeting a 1:2.55 RRR down to liquidity grab zones below $68.
Quick Take:
This setup aligns technical weakness with fundamental caution. Stay nimble with CPI in play—adapt if the macro picture shifts. Target lower liquidity pockets if rejection confirms!
Can Coffee's Future Brew a Global Economic Storm?In the high-stakes world of global commodities, coffee has emerged as an unexpected harbinger of economic complexity, revealing how climate volatility can transform a morning ritual into a geopolitical and financial chess game. The current market is experiencing unprecedented turbulence, with Arabica coffee prices surging over 80% in 2024, shattering decades-old records and signaling a profound disruption in one of the world's most beloved agricultural products.
This dramatic price escalation is not merely a statistical anomaly, but a stark illustration of interconnected global systems under extreme stress. Brazil and Vietnam, the twin titans of coffee production, have been ravaged by climatic extremes—from the most severe drought in 70 years to unpredictable rainfall patterns—creating a perfect storm that threatens not just coffee supplies, but exposes the fragile underbelly of global agricultural supply chains. Leading traders like Volcafe are projecting an unprecedented fifth consecutive year of supply deficits, a scenario that challenges traditional market resilience and demands innovative strategic responses.
Beyond the immediate economic implications, this coffee crisis represents a microcosm of broader challenges facing our increasingly complex and climate-vulnerable global economic ecosystem. As major manufacturers like Nestlé begin to signal potential price increases and package reductions, consumers and businesses alike are forced to confront a fundamental question: How do we build sustainable, adaptable systems in an era of escalating environmental uncertainty? The coffee market's current volatility is not just about a potential price hike in your morning brew, but a compelling narrative about resilience, adaptation, and the intricate dance between human enterprise and natural systems.
For the astute observer and strategic thinker, this coffee market disruption offers a compelling lens through which to examine broader economic trends. It underscores the critical importance of diversification, technological innovation, and proactive risk management in an era where climate change is no longer a distant threat, but an immediate and transformative economic reality. The story of coffee in 2024 is more than a commodity report—it's a provocative invitation to reimagine our understanding of global economic interdependence.
"NATURAL GAS" Commodities Market Bullish Heist PlanHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist "NATURAL GAS" Commodities Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
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Target 🎯 : 3.500
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USOIL BULL Triangle The oil chart is showcasing a large triangle pattern within a smaller triangle, and the breakout of the smaller triangle to the upside strongly suggests that the larger triangle will also be broken. This breakout signals the potential to target significantly higher levels.
Additionally, the bottom has been tested approximately four times, with the last test clearing out all liquidity. Now, the chart appears to be gearing up for a major upward move after a prolonged accumulation phase.
As for my perspective, I’m betting on oil’s rise rather than its decline, even though the current triangle formation is typically a bearish (descending) triangle.
The second entry opportunity will present itself after the larger triangle is broken and confirmed through a retest.
Note: I don't care about the count if it right or not don't comment on that please
Gold--> Is the Upswing Just Starting or Is a Pause Ahead?Hello, Amazing Friends of Brian! Let's Strategize for Today's Market!
Gold continues to showcase its resilience today, with prices trending higher and currently hovering around the $2,700 mark, up 0.22% on the day. This movement reflects a growing appetite for the safe-haven metal amid mounting uncertainty in the Middle East and speculation about a potential rate cut by the Federal Reserve. These factors are providing robust support for gold in both the medium and long term.
Yet, as the market digests these developments, the critical question arises: Can this bullish momentum sustain, or are we approaching a potential correction? Much of the answer hinges on the trajectory of the U.S. dollar, which remains a decisive force in gold’s price action.
From a technical perspective, gold is fast approaching a significant resistance level at $2,720. A breakout above this mark could ignite further buying interest, paving the way for an extended rally. Conversely, failure to breach this level might trigger a short-term pullback. However, the overall bullish structure remains intact, as evidenced by the upward trendline on the 1-hour chart.
Looking ahead, I anticipate gold to continue its upward journey, with any correction near resistance presenting a strategic buying opportunity. Key targets to watch include $2,750, $2,790, and $2,800, as highlighted on the 3-hour chart.
Let’s seize these market opportunities together—wishing you all a profitable trading day!
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 68.47 which is an overlap support.
Stop loss is at 67.59 which is a level that lies underneath a pullback support.
Take profit is at 69.66 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level.
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