Fundamental Analysis
Gold next Moves.We have observed gold had moved in inclined parallel channel in past days but it broke support area of Parallel channel currently it is moving in horizontal parallel channel after getting some liquidity.
In my point of view gold will fall around 2615 then it will get a big reversal to fly up to 2700.
Put your entries you will enjoy your profits.
Copper , fantastic potential within the Precious Metal market!Hi guys, we would be looking into one of my favourite precious metals COPPER. Currently it has been fluctuating around this price level overviewed on 1H and 4H time frames. The RSI is also sitting in low levels which is forming an Ascending Channel.
This is on a technical level,now let's look into Fundamental level :
Investing in copper presents a compelling opportunity due to its critical role in the global economy and its growing demand across multiple sectors. As a key industrial metal, copper is essential for infrastructure development, construction, and the production of electrical equipment, making it a cornerstone of both established and emerging industries.
The accelerating transition to renewable energy and electric vehicles (EVs) further underscores its importance. Copper's superior conductivity makes it indispensable for solar panels, wind turbines, EV batteries, and charging stations, driving long-term demand as the world shifts toward greener energy solutions.
Moreover, global supply challenges, including declining ore grades and the need for significant new mining projects, create a favorable supply-demand dynamic that supports higher copper prices. For investors, copper represents a strategic asset with potential for strong returns tied to industrial growth, technological innovation, and the push for sustainability.
Entry cover up.
Entry : 4.1500
Target 1 : 4.21803
Target 2: 4.34026
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
ASR/USTD Weekly Analysis$ASR/USDT Analysis 📊
#ASR Current Price: $2.204
A break below $2.013 could drop to $1.602. Monitor the $2.013 support. Upside potential remains strong toward $3.64 if buyers sustain momentum. 🚀
$3.640 (first target)
$4.753 (secondary target)
$6.036 (ultimate breakout target).
Trend: Price forming a recovery after a descending wedge breakout.
Musk's Infernal Prime EV PumpIn the infernal depths of Sanctuary’s marketplace, Tesla stock rises like a demon lord ascending to claim dominion. At $479, it smolders with restrained power, but the winds of hell whisper of a greater reckoning—a Hellfire Surge driving it toward the blazing peak of $640. The flames of innovation lick higher, and the Muskian sorcerer stands at the helm, summoning an army of believers to fuel the ascent.
Like a rune-etched blade, Tesla’s potential cuts through the shadows of doubt. Each EV rolling off the assembly line and each technological breakthrough is another soul harvested for its unholy cause. The naysayers—those weak cultists of skepticism—scatter as Tesla’s infernal energy ignites a Demonic Charge through the battlefield of Wall Street.
But this isn’t merely a rise; it’s a Diablo IV-worthy Musk Pump. The stock surges as though guided by the hand of the Prime Evil himself, ascending with relentless purpose to the scorching heights of $640. The question isn’t if Tesla will rise—it’s how high the flames will burn before the market bows in submission to its unstoppable power. The Lord of EVs is on the march.
Bitcoin Bullish Surge or Major Reversal Ahead?Bitcoin's price is moving within an ascending channel. A potential move toward the upper channel boundary near $106,511.66 a new all time high is marked with a red arrow, indicating a possible reversal from resistance. The structure reflects a bullish trend, but traders should remain cautious of a potential correction after hitting the resistance level.
$UBER LONGThe chart for Uber Technologies Inc. NYSE:UBER indicates the end of a Wave 2 correction and the beginning of a Wave 3 rally within the context of Elliott Wave theory. This suggests a strong upward trend could be underway, with significant potential upside.
Analyst Price Targets for NYSE:UBER :
1. Mark Mahaney (Evercore ISI Group): Increased price target to $120, citing strong fundamentals and expansion into new markets.
2. Ivan Feinseth (Tigress Financial): Maintains a ‘Buy’ rating with a price target of $103, emphasizing growth in delivery services and mobility recovery.
3. Andrew Boone (JMP Securities): Reiterates ‘Market Outperform’ with a price target of $95, driven by Uber’s profitability improvements and growth in gross bookings.
The overall consensus among analysts is a target range of $90-$120, reflecting a potential upside of 40%-70% from current levels. This aligns with technical signals that indicate a bullish continuation phase as Wave 3 unfolds.
Daily Analysis of GBP to USD – Issue 172The analyst believes that the price of { GBPUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Daily Analysis of Gold Ounce to USD – Issue 172The analyst believes that the price of { XAUUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
SELL SPX FROM 4100 OR 4000 AND TP ON 3800 AND WAIT Patience !! Time to Sell or Wait to 4100 anyways Going back to 3800 TP and wait for second confirmation Going back to 3200 !!!
stay Profitable
do not add to losers
add to winners
do not over leverage
do not open many positions
only trade what you know
dot get sentimental with trades . close it if did not work !!!
HAVE A GOOD WEEKEND !!!
SEE YOU GUYS ON PROFIT FRIDAYS !!!
S&P 500 - sidewaysUS stock indices finished lower on Tuesday with the broad-based, domestically-focused Russell 2000 leading the decline. The Russell represents US mid-to-smaller-cap stocks, and closed down 1.2%. It has now lost over 5% since making a fresh all-time high three weeks ago, after rallying 11% in the aftermath of Trump’s election victory in early November. The Dow has dropped around 3.5% from its own record high in early December. Yesterday’s loss meant that the old school, price-weighted index has registered nine successive losing sessions, its worst run in over six years. In contrast, the S&P 500 continues to consolidate just below all-time highs, while the NASDAQ 100 posted its own record high on Monday. Tech stocks continue to garner investor interest, despite their considerable outperformance in 2024. This morning, Tesla dropped 3%, pulling back a touch from its own all-time high hit on Monday. This followed news that the EV giant’s Shanghai plant manager is leaving the company. In contrast, NVIDIA jumped 3%, bouncing off the nine week low hit yesterday. Longer term US Treasury yields continue to creep up. The yield on the 10-year is back to a fresh four week high, above 4.40% and closing in on the potentially problematic level above 4.50%. This level could prove to be a headwind for equities. Bond yields will be in sharp focus this evening as the Federal Reserve announces its final rate decision of the year. The consensus expectation is that the Fed’s FOMC will cut by 25 basis points, taking the Fed Funds rate to 4.50% for a total 100 basis points-worth of rate cuts this year, beginning in September. But likely of greater importance will be the FOMC’s quarterly Summary of Economic Projections (SEP) where members give their forecasts for GDP growth, unemployment, inflation and the Fed Funds rate for next year and beyond. This will provide a set of guidelines for investors who currently predict just 50 basis points of additional cuts in 2025. Contrast this with September’s SEP when the FOMC forecast 100 basis points-worth of cuts next year. Fed Chair Jerome Powell will also host a press conference which will be of great interest to market participants. The prevailing view is that the Fed will accompany the rate cut with hawkish comments, indicating that it’s time to take a pause in loosening monetary policy. This seems wise, given the incoming Trump administration, the recent uptick in inflation, decent US economic growth and the strength of the US stock market.
BTC DECEMBER FOMC Going into FOMC the consensus is we'll see a 25bps cut from the FED (95% chance), this would take interest rates from 4.75% to 4.5%. Because the expectation of a cut is so certain, we can assume that the markets have priced this in so baring any craziness in the form of a different result we should see market sentiment remain the same, bullish.
A FED pause,(although unlikely according to data) would be very bearish in the the short term in terms of volatility. I would expect to see price revisit the $98-99K mark where the 4H 200EMA would roughly be. In a bullmarket the 4H 200EMA can be used as a great support level often bouncing off of it.
For a 25bps cut which is the expected outcome, we have two paths IMO. The bullish path is consolidation under the ATH then a break above, retest and off we go towards $110,000. The bearish path is a loss of this key S/R level after a consolidation above support and break under with a confirmed retest of new resistance. I know it's typical "could go up, could go down", however it's the context that matters here.
Alts have taken a back seat for the last week or so, BTC.D at a key level and a rejection off this level would mean alts can play catch-up while as BTC consolidates. We very rarely see BTC drop and altcoins pump so this is the most likely outcome to me baring no upsets in FOMC.
Buy EUR/NZD Bullish ChannelThe EUR/NZD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.8324
2nd Support – 1.8384
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.