XAUUSD Forecast Dec 2024Hi all Traders!
In the XAUUSD H4 chart, it is observed that after breaking the support zone, the price is currently in a correction phase and pulling back towards low level fibonacci or continue to above.
Considering the price structure and hit fibo 50%, it is expected that after reaching the identified resistance area, the price will resume its downward movement and target lower levels or after rejection in fibo 61.8% will be uptrend and then continue to downtrend.
Key Points:
Forecast 1 :
Sell Entry 1 : Consider entering a Short Limit position around Fibs 50% with price of 2663.27, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: 2560.75
Sell Entry 2 : Consider entering a Short Limit position around Fibs -0.382% with price of 2765.78, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: 2516.35
Buy Entry : Consider entering a Long Limit position around Fibs 1.382% with price of 2560.75, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: 2765.78
Forecast 2 :
Sell Entry 1 : Consider entering a Short Limit position around Fibs -0.382% with price of 2765.78, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: 2516.35
Buy Entry : Consider entering a Long Limit position around Fibs 61.8% with price of 2649.55, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: 2765.78
Forecast 3 :
Sell Entry : Consider entering a Short Limit position around Fibs 50% with price of 2663.27, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: 2516.35
like and share your thoughts in the comments thank you
Dinapoli
Bitcoin NVT Topping PatternNow that the NVT indicator is back in the red zone, I wanted to look back at the Bitcoin chart to spot potential topping patterns.
I am seeing a likely NVT cross with its signal line by the end of the day (still unconfirmed).
And at the same time, I am plotting here the Dinapoli Momentum Switch indicator in search for key correlations.
And we can see two potential outcomes out of this event happening when the NVT line was red:
a) The start of a significant down correction
b) A choppy consolidation period in front of us where NVT would keep flashing red for some time... just to resolve in a significant down correction
Either way, the results look very consistent... not even a single time a bull trend has started right after these two factors were in confluence. I'd say it became quite the opposite. Is this time different?
PREDIKSI USD JPY DENGAN DINAPOLI DAN FIBOSAYA MENGGUNAKAN DINAPOLI PADA CHART DAILY DAN MENGGUNAKAN FIBO
ENYTRY DI BAWAH FIBO 0.61 (109.89)
DENGAN TARGET PROFIT (108.189)
DAN STOP LOST (110.449)
MENUNGGU CANDLE STIK TURUN DAN CLOSE DI BAWAH VIBO 0.61 DAN DINAPOLI MA MELEBAR..
SEMOGA SUKSES TRADING DAN JAGAN LUPA FOLLOW SAYA UNTUK LEBIH SEMANGAT LAGI ANALISA
The best spot to short this market is 43.5, SL behind 44.6Well not certain that we reach it but according to D-levels this is the best possible short scenario in this market.
The Confluence area is very strong and the XOP is a excellent place to hide a Stop behind as it almost never gets broken on first touch and you could easy exit at Break even should we touch XOP and move back to 43.5
Further we would touch the old Low to the left and what you cannot see here is that the True DiNapoli weekly overbought is exactly at the same spot as the K level ... Oh and we would also hit 25x5 MA
My bet would be that this area is quickly touched tommorrow during Draghi speech, as I expect stocks to fall after that and Euro to rise... (Yeah I like to be on the other side of bank suggestions and public opinion) ;)
Long at around 1.605 BAT and XOP same area= very powerfulAs you know I trade D-levels and I usually dont care so much about harmonics but this time could be quite good chance to long this chart at the shown area. The XOP alone WILL power this chart up when its reached, there is no question about that but if we get a bit help by the harmonics folk we could be in for some seruous upside :)
Enjoy
Target update for Double RePo on SP500This is another approach of determining FInal target for DRPO signal. Its actually more accurate than 50% retracement cause it leaves less room for interpretation.
I have just applied it myself the first time on this chart and think its interesting to see that the OP has held the market two times already. Still until we get a monthly close above 2000level the Double Repo stays valid and the target at 1600 should be reached...
Possible is much lower as you can see back in 2008 when the last DRPO was traded in this chart(note the nice reaction to the completion point there too)
DiNapoli analysis on bullish EURUSD for coming week!Hey Traders,
This is my take on EUR/USD and my first analysis here where I try to show some of the tools I use to trade and make Market Predictions with as much Accuracy as possible. Feel free to comment and follow me if you like what you see and want more of it :)
Ok, here we go:..
1.
We have a rejection of the Big Confluence Area I marked on the Chart (these Areas usually dont get hit when they work because of High Frequency Trading that is going on today)
2. The move started right after a bullish Grabber was formed on the MACDP line of the 4h chart, this told me that a breakout of the channel would be a high chance!!
3. The minimum Target would be COP at 1.125, this would also be Daily Overbought level and it would form the right shoulder of a H+S Pattern that could lead to further action, but more to that later.
How should we play it?
I would not jump in right at market open but look for smaller retracements on lower TFs, in fact I would and will try to enter long at a level that will most likely get cleared out before we move, something like a low where stops should be or a retest of the Downchannel.
Your stop in any case would need to go below the bullish Grabber on 4H Chart!!
Enjoy and lets make some pips :)
One warning, should this setup fail, dont expect the fib levels at 10.2 - 1.105 to hold for long, as accroding to my experience this is already bounce from that level. Today they get frontrunned a lot when they hold and when they get hit, it almost certainly means they will break and stops below get collected!!
Ok, now a happy weekend to all
DiNapoli Trading on GBP/USD 400Pip move expectedAs you can see in the link below I have expected price to test and bounce from this area 6 days ago. I just saved it private for me because I only decided this weekend, that I would start sharing my whole arsenal of trading strategies and methods here on Tradingview.
I fully expect a move to the OP (1.48) this time as the combination of the 0.618Fib level and the big Trendline is pretty strong and the most recent developments with Davids EU deal should help further. Also I think that these developments came too late on Friday and are not fully priced in yet and could cause some early volatility at market open on sunday.
1.48 is also a important retest of lows that go back to middle 2013
How to play it?
Either enter right at market open but I'm pretty sure you would have to live through at least one retrace, even if not right away. Or let it run a bit without you and enter on possible retracement on lower timeframe.
In any case before Friday your stop, if you wanted to bet on a further upmove in Cable, would have needed to be under 1.41 but now you can do the same bet with a stop under the recent structure( around 1.424). Cause it is total clear, and I mean TOTAL CLEAR! that if it takes out this structure now it will move and take out the low and continue into 1.30s.
Enjoy and lets make some pips!
DiNapoli Analysis on USDJPY this week, 2 Scenarios, min 400PipsHey folks,
This is my take on USD/JPY
The Signals I show here, like the Bread and Butter (also called "The Single Penetration) are defined and can be expected and traded when you know what to look for!
Fundameltally I expect stocks to rise a bit this week(UK deal relief and other reasons) and this will help to play out the Scenario I show here. In fact I will go so far and claim that the only way for USD/JPY to make a sustained move below the low at 111 is a war starting this week!!
Further please visit my Twitter and check the post I pinned there on 2nd February about stocks and Yen!! (Yen was at 120.5 that day). Although I admit I only rode it down to 115, and then lost some money by beting against a further fall there...
Here is a link to the post: twitter.com
Below I will post a chart from my Platform where you can see that the Daily and Monthly OB/OS are really there where I show them!!
GOLD Price Analysis The gold run too fast, and it happened before. But the main longer trend is still bearish. And The only Question is when it turn back to bearish. Look at the USDOLLAR index. The price is testing the 12000 support level for USDOLLAR and next will be 11800 support. I see the money go to Yen and Gold and few on Euro. And i am looking to selling out on those 3 instrument.
Now about the Gold itself. I saw very high demand options on 1250 Calls and 1100 Puts. The Gold may play on this are. so, let's consider this price range. My Resistants for gold will be ; 1200, 1250 and 1300
Nearing an EW completion targetA number of factors converge to support a long position in the EUR/USD. In an ideal scenario, we put in a daily bottom around current prices and move up to a wave 4 completion followed by a final thrust to new lows, which is a bottom. If this pattern works out, we have the following confluence:
* wave 5 (blue), of wave 5 (yellow), of wave 5 (green)
* 5th wave diagonal (blue) overlapping structure, with fibonacci ratios matching "three drives to a bottom"
In addition, we have the following (not shown)
* Long-term (10-year) trendline support
* Weekly DiNapoli MACD nearing bullish crossover, first crossover since the bearish crossover on May 9.
* Oversold monthly territory in a detrended price oscillator
Fundamentally, this would be a play on orchestration delays in the ECB's monetary policy. The market has priced in significant dovish policy at this point and the ECB has committed to it, but the fragmented political scene of the euro makes implementation less straightforward compared to, say, the US or Japan.
Only short-term trades would be aiming for a 4th wave target, but the longer-term picture support levels are shown in the chart. We can't create a true final wave end target for the blue wave until wave 4 completes, but a reasonable estimate would come in around the 1.22 level. An inverse wave puts the wave 4 target squarely in wave 2 territory.
A failure to end wave 4 would signal a truncated 3-wave structure similar to the 2009 SP500 bottom's missing wave 5. If the structure breaks down, it will be obvious. Actual entries would be made with Dinapoli trend entries on a lower time frame.