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2025-01-08 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr oil - Bearish but only slightly and probably better after a lower high above 74. Bears broke the bull trend line and made new lows. 75 got 2 big rejections and we either continue down or we do a lower high below 75.29. Selling below 73.5 has not been profitable for a week, so don’t try be the first. On the daily chart it’s still just a minor two-legged correction, so it’s not the best short to take. Bears probably want better confirmation. Their first target below 73 is 72 and then likely the daily 20ema around 71.5. comment: We have touched the bear trend line and my bullish targets are met. The daily bar closed on it’s low and is decent enough for bears to get potential follow-through into the end of the week. I would want either very strong confirmation for shorts below 73 or a lower high below 75 before I short this. No interest in longs. current market cycle: trading range key levels: 71 - 75.5 bull case: Bulls are still in control and making higher highs and higher lows. They want a daily close above 75 to retest the October high 77.38. They see a two-legged correction on the daily chart and that is a buy signal in a bull trend. Invalidation is below 71. bear case: Bears producing amazing bear bars above 74.5 but the follow through is terrible. They need lower lows below 72.7 to trap late bulls. The volume increase on the selling is good for them but until the trading range 72.7 - 75.3 is broken, bulls remain in control or market is at least neutral inside that range. I do think the overall structure on the daily/weekly time frames is in favor of the bears and once they get below 72.7, it’s a sell signal if you can hold a swing short with a wide stop. Next target is 72 and then 71.5ish (daily 20ema). Invalidation is above 75.3. short term: Neutral inside range and bearish below 72.7 or above 75 for a swing short. medium-long term - Update from 2025-01-02: Still no better medium-long term outlook to write about. The triangle has been going on for so long, it’s highly unlikely that we will break above it. current swing trade: Nope trade of the day: Selling 75 again was decent for 200 ticks.
NYMEX:MCL1!
by priceactiontds
1
2025-01-08 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr oil - Bearish but only slightly and probably better after a lower high above 74. Bears broke the bull trend line and made new lows. 75 got 2 big rejections and we either continue down or we do a lower high below 75.29. Selling below 73.5 has not been profitable for a week, so don’t try be the first. On the daily chart it’s still just a minor two-legged correction, so it’s not the best short to take. Bears probably want better confirmation. Their first target below 73 is 72 and then likely the daily 20ema around 71.5. comment: We have touched the bear trend line and my bullish targets are met. The daily bar closed on it’s low and is decent enough for bears to get potential follow-through into the end of the week. I would want either very strong confirmation for shorts below 73 or a lower high below 75 before I short this. No interest in longs. current market cycle: trading range key levels: 71 - 75.5 bull case: Bulls are still in control and making higher highs and higher lows. They want a daily close above 75 to retest the October high 77.38. They see a two-legged correction on the daily chart and that is a buy signal in a bull trend. Invalidation is below 71. bear case: Bears producing amazing bear bars above 74.5 but the follow through is terrible. They need lower lows below 72.7 to trap late bulls. The volume increase on the selling is good for them but until the trading range 72.7 - 75.3 is broken, bulls remain in control or market is at least neutral inside that range. I do think the overall structure on the daily/weekly time frames is in favor of the bears and once they get below 72.7, it’s a sell signal if you can hold a swing short with a wide stop. Next target is 72 and then 71.5ish (daily 20ema). Invalidation is above 75.3. short term: Neutral inside range and bearish below 72.7 or above 75 for a swing short. medium-long term - Update from 2025-01-02: Still no better medium-long term outlook to write about. The triangle has been going on for so long, it’s highly unlikely that we will break above it. current swing trade: Nope trade of the day: Selling 75 again was decent for 200 ticks.
NYMEX:MCL1!
by priceactiontds
2025-01-08 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Neutral. Higher highs and higher lows but bulls are barely advancing the price. We have still not touched 2700 and even if we get there, I think we find more sellers than buyers and continue sideways in a bigger range. Every new high is sold and bulls will only try so many times before they give up. Bears need lower lows below 2660, bulls want 2700 and bulls are still favored for now but only on pull-backs. comment: 4 pushes up now and selling new highs has been profitable for 3 weeks. 2700 is the absolute max I can see this touching but I’d much rather sell new highs than looking for longs on this. current market cycle: trading range key levels: 2560 - 2700 bull case: Bulls want 2700 next but I doubt they will get much higher than that. That view has not changed over the past 2 weeks. They are fine as long as they are making higher lows and higher highs but they will only try so many times before we see a bigger pullback. Structure-wise bulls do not have much going for them and neither the bears. Market is in an upwards trending trading range and you should not over analyze it. Invalidation is below 2640. bear case: Pullbacks are getting bigger but bulls buy it all and bears can’t get follow-through selling after a decent spike. The spike is likely someone big dumping huge positions but it doesn’t matter. I expect more sellers to come into this once we get closer to 2700. First target for bears is a break of the trend line on the 1h tf and a new low below 2650. Closing the week at or below 2650 would be good for bears because that’s where we closed last week and my neutral price for now. Invalidation is above 2710. short term: Bearish at new highs (at or above 2680) but market is in a trending trading range. Don’t swing for the fences on shorts. medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher. current swing trade: None trade of the day: Shorting close to 2680 was good for the past 5 days.
COMEX_MINI:MGC1!Short
by priceactiontds
Energy Web - This cycles Energy sector playIm going to be breaking-down what I feel are the best long-term holds in each sector/category of crypto. Starting with the energy sector. I will tell you the pros and cons of each project. Energy Web EWT can beak out of this 4 year long downward trend/channel. There is a ton of upside potential. EWT has many strategic partnertships and completely flown under the radar. Once long term disgruntled holders are out. This project could definitely fly. Especially once the energy narrative begins to pick up. I took a postion around $1.32. I think that this project definitely has $20+ potential. One of the major downsides to the project is that the CEO has esentially been missing in action for a while with no explanantion. Even without the CEO is appears the team has been consistently builing. The price action of this token has been pretty stagnant but that can all change in a blink of an eye. In my opinion this project has bottomed out and offers much more reward than risk at this level. None of this is financial advice. This is just all my opinion. Thanks for viewing my post! Best of luck to all traders!!!
CRYPTO:EWTUSDLong
by Nutty_Trader
GOLD ROUTE MAP UPDATEHey Everyone, Once again our chart idea is playing out perfectly with another amazing day on the markets today. Yesterday we completed our bullish target at 2661 and failure to lock above confirmed a rejection. We used the rejection to buy dips inline with our plans. We are now seeing ema5 lock above 2661 opening 2681. This can now be protected and risk free. Any rejections here will be opportunities for us to buy dips, as long as 2661 holds as support. A break below 2661 will open the lower Goldlturns for support once again. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2661 - DONE EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET 2681 EMA5 CROSS AND LOCK ABOVE 2681 WILL OPEN THE FOLLOWING BULLISH TARGET 2711 BEARISH TARGETS 2633 - DONE EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE FOLLOWING BEARISH TARGET 2611 EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE FOLLOWING BEARISH TARGET 2593 EMA5 CROSS AND LOCK BELOW 2593 WILL OPEN THE SWING RANGE SWING RANGE 2570 - 2551 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
Gold is Ready to Pump Again==>>Short-term!!!Gold ( OANDA:XAUUSD ) is currently moving near the Resistance zone($2,670-$2,653) and the 50_SMA(Daily) . Regarding Classic Technical analysis , Gold is moving in the Ascending Broadening Wedge Pattern . According to the theory of Elliot waves , it seems that Gold has completed microwave 4 , and we should wait for microwave 5 . I expect that Gold can have an upward trend in the coming hours and can attack the Resistance zone($2,670-$2,653) for the umpteenth time. ⚠️Note: If Gold breaks the Support zone($2,639-$2,630), we can expect more dumps⚠️. 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
5
Crude oil Is Approaching ResistanceCrude oil is coming higher on 4h time frame, out of a wave B bullish triangle that we have been tracking through December. Well, we know that moves out of a triangle are final in a sequence, so we can expect limited upside, and ideally, this will cause the completion of wave E rally of a larger bearish triangle pattern. It's now approaching an important resistance at 74-75, its gap from mid-October, right at the upper side of a triangle. There is a chance for a turn soon. A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. It’s a region of horizontal price movement, a consolidation of a prior move, and it is composed of “threes.” That means each of the A-B-C-D-E waves have three subwaves. The triangle pattern is generally categorized as a continuation pattern, meaning that after the pattern completes, it’s assumed that the price will continue in the trend direction it was moving before the pattern appeared. However, triangles also indicate that the final leg is coming before a reversal and that’s why triangles are labeled in wave B, wave X or wave 4.
BLACKBULL:WTIShort
by ew-forecast
2630~2665 range sell high buy lowGold rose strongly yesterday. Many people may have started to chase more gold. However, gold fell back under pressure at 2664, reaching the previous high point. This position is also an effective point for the continuous suppression of shorts in the near future. With the strong rebound during the day, it also reached this position, but it is very likely to form a triple top pattern! The daily line tested the MA60 daily moving average at 2664 and then fell back. With the negative news data, a waterfall formed to reach 2642. Today's operation maintains high selling and low buying! There are too many data in the second half of this week. Before the range is broken, it is still difficult to have a large unilateral market. The bulls cannot rise further. The gold bulls did not break through in one fell swoop, and the rebound high continued to be short. Gold continues to fluctuate in a large range in 1 hour. If it rebounds high, don't continue to chase it. The short-term gold 1-hour line has double tops. If gold no longer breaks through the new high, then the double top of gold will continue to fall under pressure. Gold rebounds to 2665 in the Asian session and continues to sell at highs! First support: 2640, second support: 2632, third support: 2615 First resistance: 2656, second resistance: 2665, third resistance: 2683 Operation ideas: BUY: 2635-2638, SELL: 2663-2665,
OANDA:XAUUSD
by Jun-GoldAnalyst
SPY/QQQ Plan Your Trade For 1-8-25: RALLY patternPlease take a few minutes to watch this entire video. I spent quite a bit of time trying to explain to all of my followers why the markets are struggling to find a trend and why the volatility has been so excessive over the past 3+ months. Simply put, the markets are trying to reprice a Trump Economy (changing from a Biden economy). In my opinion, the new Trump economy will still be decent/good - but there will be changes and the US Fed is still trying to borrow based on past data - which traders no longer believe is going to be valid reflecting future US economic/policy actions. Thus, yields are rising as investors demand MORE PROTECTION against unknowns. And, THAT is one of the primary reasons why the US Dollar and Yields are really driving most of this market volatility. Again, simply put, investors/traders are unsure of what the future US/global economy looks like (specifically with Trump suggesting he is going to "streamline" the US government/agencies, and fix the US BLOAT). To many people, that is a big unknown. I do believe today's Rally phase in the SPY/QQQ, as well as the Rally phase in Gold, will resolve to the upside. Yesterday's move was, IMO, another "washout low". We'll see how things play out today and see IF we get a RALLY move in the markets. Bitcoin rolled downward right at the dual Flag levels - just as I suggested. Now we'll see Bitcoin roll back towards recent lows - trying to identify support, or break downward - targeting the $72k I suggested would be the next lower level. Get some. Stay ahead of these markets and remember to trade efficiently (BOOK PROFITS). #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYLong
by BradMatheny
2
GOLD - Price can rise a little and then start to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined inside falling channel, where it fell to support line and then rose to resistance line. Then Gold fell to $2615 support level, after which made a strong upward impulse, thereby exiting from channel. Also later, price broke $2665 level and then rose to $2726 points, after which started to trades in triangle. In this pattern, price dropped to support line, breaking $2665 with $2615 levels and then trading between $2615 level. Later Gold finally broke $2615 level and rose to resistance line of triangle, after which made correction. Now, I think that price can rise to almost resistance line of triangle and then start to decline to $2615 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
7
Gold Buy Setup: Bullish Price Action at Fibo 61.8#GOLD has completed a short-term pullback on the H4 chart and now shows bullish price action signals at the Fibonacci 61.8 retracement level. Two consecutive pin bars support this zone, indicating a strong rejection of lower prices. The structure aligns with a 5-3 wave setup, suggesting the potential for at least a three-wave upward movement. My initial targets are the key resistance levels at 2660 and 2700, where I anticipate significant price reactions. If these levels are cleared, it could lead to a breakout of the previous structural resistance, paving the way for a stronger bullish continuation. On the flip side, failure to break these levels may result in a bearish reversal. This setup provides a high-probability trade with an excellent risk-to-reward ratio for upside movement.
FX_IDC:XAUUSDLong
by Trade-Insider
XAU/USD : Ready for LONG? (READ THE CAPTION)Based on the 4-hour gold chart analysis, we observe that the price followed the second scenario from the previous analysis. Failing to break and hold above $2662, it experienced a deeper pullback, correcting down to $2625. Currently, gold is trading around $2633, and if it manages to hold above $2626, we can expect further upside potential. The possible targets for this upward movement are $2638, $2647, and $2656. 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
OANDA:XAUUSDLong
by ArmanShabanTrading
9
January 7 gold trading analysis strategy Gold fluctuated sideways in Asia and Europe today. In the European market, we placed a short order at 2646 and took profit at 2642. Some traders may question whether the profit is too small, but I want to say that there are more non-agricultural weekly data this week, so try to stabilize your profits. , don't be greedy for too much, otherwise it is easy to lose a lot of money. The U.S. market is focusing on the strong resistance of 2664-2666 above. Gold shorts still have some room to fall. Gold rebounds and can look for opportunities to continue shorting. From the 4-hour analysis, pay attention to the support of 2618-2620 below and the high resistance of 2664-2666 above. Continue to short at high levels and buy at low levels. The main tone remains unchanged. Follow orders cautiously in the middle line and wait patiently for key points to enter the market. Gold operation strategy: 1. If gold returns to the 2618-2620 line, buy long, stop the loss at 2613, and target the 2655-2658 line; 2. Go short on the rebound 2664-2666 line, stop loss 2673, target 2635-40 line, break the position and look at 2615-2620 line;
FOREXCOM:XAUUSD
by Caesar_Gorman01
XAUUSD: Gold will continue its upward trend?!Gold is above the EMA200 and EMA50 in the 4-hour timeframe and is in its ascending channel. The continued rise of gold towards the supply zones will provide a position to sell it with a suitable risk reward. The performance of commodities in 2024 was highly diverse. While investors turned to gold as a hedge against inflation, other commodities like iron ore experienced declines due to weak economic growth in China, the world’s largest metals consumer. It seems that the story this year will resemble that of the previous year. Sabrina Chaudhry, Head of Commodities Analysis at BMI Research, stated, “Commodities will generally face pressure in 2025,” adding that the strong US dollar will limit demand for dollar-priced commodities. Adrian Ash, Director of Research at BullionVault, a gold investment services company, said investors are optimistic about gold and silver in 2025 due to pessimism surrounding geopolitical conditions and rising government debt, emphasizing gold’s role as a risk hedge. Analysts at J.P. Morgan also predict that gold prices will rise, especially if U.S. policies take a more “disruptive” turn through increased tariffs, heightened trade tensions, and greater risks to economic growth. Gold recorded its best annual performance in over a decade last year. According to FactSet data, gold bullion prices rose by approximately 26% in 2024, driven by central bank purchases as well as retail investment. Data indicates that China purchased gold for the second consecutive month in December. The country’s gold reserves increased to 73.29 million ounces in December, up from 72.96 million ounces in November. China’s gold buying pace has nearly doubled, with December’s 0.33 million-ounce increase significantly surpassing the 0.16 million-ounce rise in November. The value of China’s gold reserves is now estimated at around $191 billion, while its total foreign exchange reserves stand at $3.2 trillion. Meanwhile, Goldman Sachs has postponed its previous forecast of gold prices reaching $3,000 per ounce by the end of 2025 to mid-2026. This adjustment is attributed to expectations of a slower pace of interest rate cuts by the Federal Reserve. A slower reduction in interest rates in 2025 is likely to limit demand for gold-backed Exchange-Traded Funds (ETFs). As a result, analysts such as Lina Thomas and Dan Stryon have forecasted gold prices to reach $2,910 per ounce by the end of the year. In a note, they mentioned that weaker-than-expected ETF inflows in December — attributed to reduced uncertainty following the U.S. elections — also contributed to a lower starting point for prices in the new year. Analysts commented, “Counteracting forces — reduced speculative demand and increased central bank purchases — have effectively neutralized each other, keeping gold prices range-bound in recent months.” They further emphasized that central bank appetite for gold purchases remains a key driver for prices in the long term. Analysts projected, “Looking ahead, we expect monthly gold purchases to average 38 tons through mid-2026.”
FOREXCOM:XAUUSDLong
by Ali_PSND
EURGBP Breaking Resistance: Turning Challenges into OpportunityThe forex pair EURGBP is currently trading at 0.83300, with a target price set at 0.84500. This suggests a potential upward movement of over 100 pips. The analysis is based on the support and resistance pattern, a widely used technical analysis method. The main resistance level appears to be breaking, indicating bullish momentum. A breakout above the resistance often signifies increased buying pressure and potential for further price increases. Traders might consider this breakout a signal to enter long positions. However, the accuracy of this setup depends on the strength of the breakout and market conditions. It’s essential to monitor for false breakouts, which can lead to reversals. Risk management strategies, such as stop-loss orders, should be in place. Overall, this setup suggests a favorable risk-to-reward ratio for a bullish trade.
Long
by AndrewsMarket-Mastery