Get started

Futures

CELO 1D. 100% Growth Potential You Can’t Ignore! 12/07/24BINANCE:CELOUSDT demonstrated strong performance in November 2024, driven by a strengthening market trend and strategic developments. Key growth factors include increased activity within the Celo ecosystem, boosted by a newly launched initiative aimed at improving network resilience and attracting developers. As part of this program, the platform announced support for projects in sustainable finance (DeFi) and microfinance, enhancing investor confidence in the ecosystem. Technical analysis suggests a robust bullish global trend for CELOUSDT, supported by a steady daily trading volume exceeding $81 million and a 92.75% correlation with Bitcoin, making the token attractive for both short- and long-term trading strategies. Trading Setup Futures Entry Limits: 0.9773 0.9000 Take Profits: 1.2157 1.4030 1.8129 No stop loss recommended. Spot purchases are also viable at current levels, with the option to accumulate further on dips. The growth potential exceeds 500%. Adhere to proper risk management (1-2% of deposit per trade). Wishing you profitable trades!
Long
by trendbooster
ETH 1D. Road to a New ATH. 12/07/24The situation with Ethereum is straightforward. Whales accumulated ETH throughout the summer (as I repeatedly highlighted, encouraging you to invest as well). Now, we are witnessing a rally without significant pullbacks—and this trend is likely to continue for most assets, making it nearly impossible to wait for "better" entry points. At most, I anticipate a minor correction to the $3,800–$3,700 range (if it happens at all). However, the overall trajectory suggests continued, relentless growth without meaningful retracements. Ethereum is poised to establish a new all-time high (ATH) and follow in Bitcoin's footsteps, solidifying its position globally. DYOR.
Long
by trendbooster
#NOT 1D: Final Analysis – Targets on the Chart! 11/28/24NOT Coin – the leader among tap-to-earn applications, holds significant potential for growth. However, achieving upward momentum requires increased trading volumes and market activity. Ultimately, price movement depends on market makers, not individual traders like us. For now, it’s a waiting game. I am using a laddering strategy for accumulation. Targets are outlined on the chart. This will be my final analysis on #NOT and should serve as a reference point—no further updates are planned. DYOR.
Long
by trendbooster
FTM 2H. Market Signals Growth. 11/29/24The asset has demonstrated strong resilience and growth despite the overall market decline, suggesting potential for further price increases. Investors and traders are gradually accumulating this asset, which could signal the market’s readiness for continued upward movement. I’m considering opening a long position if the price drops again to the $0.9729 - $0.9407 range. The target in this case is $1.1022 - $1.2270. For spot trading, confidently buy in the $1 - $0.9 range. Targets are 2x from current levels! DYOR.
FLong
by trendbooster
GOLD increases and decreases in opposite directionsThe world gold price listed on Kitco is at 2,633 USD/ounce, up 3 USD/ounce compared to early yesterday morning. Gold futures last traded at 2,654.6 USD/ounce, down 0.5 USD compared to yesterday morning. Gold prices fluctuated slightly on Friday (December 6), marking the second consecutive week of decline. The precious metal has lost about 0.5% of its value this week, after hitting its lowest level since November 26 in early trading. During the day, gold prices barely reacted to the jobs data expected last week. The latest report shows that although job growth remains fairly stable, signs of weakness have begun to appear in the US labor market. According to the US Bureau of Labor Statistics, 227,000 new jobs were created last month, far exceeding experts' expectations. However, the unemployment rate increased to 4.2%, higher than 4.1% last month. Economists predict this ratio will remain unchanged. Although job growth remains strong, economists say the latest data will not stop the US Federal Reserve (Fed) from cutting interest rates by 25 basis points at its upcoming meeting. However, some analysts note that the Fed's easing cycle could run into trouble if job growth extends into 2025. Gold prices may test the support level of 2,550 USD/ounce and the resistance level of 2,700 USD/ounce in December 2024. The trend in the next few weeks is that gold prices may decrease due to profit-taking activities. Regarding the medium-term trend, the support level of gold prices remains firm, but it is unlikely that there will be a strong breakthrough in the upward direction in the near future. Gold prices benefit from lower yields, continued rising geopolitical risks and uncertainty surrounding future policy implementation and global impact under the Trump administration.
OANDA:XAUUSD
by Xayah_trading
#SUI. Corrections = Opportunities – Plan Ahead! 11/29/24Local market corrections are inevitable, and they present excellent opportunities to find strong entry points. After securing 6x returns on #SUI, the euphoria has started to fade, and retail traders are being gradually calmed down, leading to the local pullbacks we’re now seeing for #SUI. Accumulation on spot and opening swing positions should be considered in the $3.2 - $2.8 range, with an initial target of $4. After that, in my view, the price might dip to the $2.0 - $1.6 range before the true rally begins. DYOR.
Long
by trendbooster
1
Decoding the Yen: Strategies for the Upcoming ExpirationIn the Yen, our 'old friend' has opened a Straddle, just like he’s done several times this year. Notably, he’s picking a 5-day expiration, which is his signature move tha twe can use to track him. So, this time, the range boundaries are as shown on the chart. Keep in mind that this is a futures contract on the Yen, not the USD/JPY forex pair. In other words, the quotes are inverted. To get what’s on the screen, you need to do 1/USDJPY. But it’s way easier to just use the TV options and select '6JZ2024'
CME:6JZ2024
by ClashChartsTeam
GOLD dropped and recovered quickly, new news from Korea, NFPOn the Asian market on Friday (December 6), OANDA:XAUUSD Spot delivery suddenly increased sharply in the short term. Gold prices have increased sharply from an intraday low of nearly 2,613 USD/ounce and are currently trading around 2,643 USD/ounce, close to the technical level of 2,644 USD. There was news that South Korea might impose martial law for a second time, which quickly increased market risk aversion and stimulated a sharp increase in gold prices. According to the latest report from Yonhap News Agency on Friday, South Korea's opposition parties may seek to hold an impeachment vote on President Yun Xiyue at 5 p.m. local time on Saturday. South Korean media JTBC reported on Friday that the Military Human Rights Center held an emergency press conference at its office in Mapo district, Seoul in the morning, following the instructions of superiors, commanders The squadron commander's superiors could convene an emergency press conference before the 8th. The Military Human Rights Center emphasized that this was Yoon Seok-yue's Sign that martial law would be reintroduced. South Korean President Yoon Seok-yue suddenly declared martial law on the evening of December 3, with the reason of eliminating pro-North Korean forces and protecting constitutional order. The South Korean National Assembly voted late at night to pass a resolution to "remove martial law", and Yoon Seok-yue finally announced that he would "remove martial law". However, there are rumors that senior South Korean military officials have been asked to be on standby until December 8. This is something the market is eyeing as a sign that Yin Xiyue will declare martial law again. In a headline on Friday, Yonhap news agency quoted the South Korean opposition party as saying lawmakers were on standby after receiving multiple reports of martial law being declared again. Gold is considered a leading haven asset when the market receives risky impacts from geopolitical developments (especially in places closely related to the US). On this trading day, investors will receive the release of the US non-farm payrolls report, which is expected to cause major fluctuations in the gold market. US nonfarm payrolls jobs are expected to increase by 195,000 in November. Gold could rebound stronger on more disappointing jobs data, and come under some pressure ahead of the tabular data Non-farm wages are optimistic. Today (Friday), the United States will release the November nonfarm payrolls report. Surveys expected 200,000 new jobs were added, but only 12,000 jobs were added in October, the lowest increase since December 2020. The US unemployment rate is expected to increase slightly to 4.2% in November, from 4.1% in October. Additionally, average hourly wages in the US are expected to increase 0.3%. month-over-month in November. Annual wage growth will likely slow from 4% to 3.9%. A report released by the US Bureau of Labor Statistics on Tuesday showed that the number of job vacancies in the United States increased again in October and the number of layoffs decreased, indicating market demand for workers are stable. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, after gold fell but fell short of its weekly target of $2,606 – $2,600 sent to readers in the weekly edition, it rose rapidly to retest the 2,644 technical level. USD. Temporarily, gold's recovery does not give it enough conditions to increase in price as the Relative Strength Index is still operating below 50. Along with that, the EMA21 is the closest resistance currently and as long as gold has not broken the price channel, it still has the main trend during this time which is down. Once again gold falls below the 0.618% Fibonacci retracement level which will be the best condition to head towards the weekly target area at 2,606 – 2,600USD. Meanwhile, expectations of a new bearish cycle will be opened once gold falls below the original price of 2,600 USD with the target then around 2,591 USD in the short term, more than 2,538 USD. During the day, the technical outlook for gold remains bearish with notable points listed as follows. Support: 2,634 – 2,606 – 2,600USD Resistance: 2,644 – 2,657 – 2,663USD SELL XAUUSD PRICE 2686 - 2684⚡️ ↠↠ Stoploss 2690 →Take Profit 1 2679 ↨ →Take Profit 2 2674 BUY XAUUSD PRICE 2584 - 2586⚡️ ↠↠ Stoploss 2580 →Take Profit 1 2591 ↨ →Take Profit 2 2596
OANDA:XAUUSDShort
by Xayah_trading
Requested NQ Levels - NQ Bias chartJust one of my charts requested by the two people who read. On the 4h time frame they DO NOT, and I'll repeat, DO NOT leave fair value gaps untested. The only one theyve left is from the August 5 Yen unwind, which was quite artificial. Anyway, not super bearish or bullish, just cautious at the moment. Risk reward for me plays out in a question that sounds like, "Do you want to risk -30% for another +10%?" or would you rather forgo the 10% and find something a bit more better value? Think that's how a lot of NQ stocks are being looked at end of year. Again not calling for a rug, but quite possible NQ lags the IWM for this next leg. We will see, anyway feel free to ask any questions the chart is a bit messy, like my brain.
CME_MINI:NQ1!
by ajx1124
4
2024-12-05 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral until we get a decent 1h bar close below the 20ema. 20400 is overbought on probably every metric known to man. Does this mean we will sell off tomorrow? Sadly not. Can go even higher, since bears not doing anything and the buyers are still making money because we print daily new ath. Chances are there for a deep pullback into the weekend but they are very low and we need strong confirmation first. Zero interest in buying this. comment: Break one bull wedge and print another. Bulls are still in control. Bears need a 1h close below ema , which would also be a break of the nearest lower bull trend line. 20300 tomorrow would be nice and anything below 20250 really bad for bulls. Got no more bullish targets for you. It’s a bubble. It will pop. current market cycle: bull trend but very late and will end soon key levels: 20000 - 20400 bull case: Even beyonder overbought today. Can obviously continue but buying this is asking for getting trapped. Invalidation is below 20250. bear case: The 1h 20ema now hold for basically 1100 points. It will break over the next 1-3 sessions. 20300 is the first target for bears and they should finally stop the market from making daily new ath. Still a couple of bullish patterns that need to be broken first, before we can talk about two-sided trading or bears having arguments for lower prices. Invalidation is above 20400. short term: Only waiting for bears to come around. Zero interest in buying. Below 20100 into the weekend would be nice but it’s unlikely. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Buying the open, duh. 1h 20ema held for more than a week now.
EUREX:FDXSZ2024
by priceactiontds
2024-12-05 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Neutral. Death zone is 2644 - 2688. Until we break out of it, I will not touch it again. Unchanged. But the accuracy is pretty amazing so far. I am not touching this but longs are preferred below 2650 for trading back up to 2670+. comment: Clear trading range so don’t over analyse it. 2644 has to hold for the bulls and bears need to stay below 2680 tomorrow. As long as these prices hold, you have to trade the range and mean reverse. Market is in total balance, so don’t try to guess where the next breakout will happen. current market cycle: trading range key levels: 2644 - 2680 bull case: If bulls fail at 2644, 2630 comes next and then the big bull trend line around 2620ish. They desperately need a close above 2680 if they want a buy signal going into next week and even then the upside is probably limited to 2700 and the bear trend line. Invalidation is below 2610ish. bear case: Bears are preventing the market from closing above the daily ema but fail to make new lows below 2644. No side has an advantage and if you don’t like scalping, it’s best to wait for a clear new trend. If bulls were strong and wanted to close this year above 2800, we would probably have seen it by now. Invalidation is above 2700. short term: Neutral. Market is in balance around 2630. medium-long term - Update from 2024-11-24: Likely to close 2024 above 2800 but I do think the recent selling was the first hint that we will transition into a trading range soon. current swing trade: None trade of the day: Selling above 2675 has been profitable since Monday.
COMEX_MINI:MGC1!
by priceactiontds
Prolonged accumulation, GOLD may need impact from NFP dataOn the Asian market on Thursday (December 5), OANDA:XAUUSD Spot delivery maintained a moderate decrease during the day, gold prices are currently down to about 2,645 USD/ounce as of the time this article was completed. In terms of economic data on Wednesday, data from the ADP Research Institute and the Stanford Digital Economy Lab showed that the number of private sector jobs in the United States increased by 146,000 in November, less than expected. This number is expected to be 163,000. The ADP report shows mixed job growth across industries. The education, health care and construction sectors led the gains, while manufacturing employment had its biggest decline in more than a year. Hiring is also lower in the financial services and entertainment industries, according to data from the ADP Research Institute. Federal Reserve Chairman Powell participated in an exclusive interview with the "DealBook Summit" hosted by the New York Times on Wednesday. On monetary policy, he said at the meeting that policymakers may remain cautious about cutting interest rates further. Regarding the US economy, Powell said the current situation is "very good" with falling inflation and relatively low unemployment. Powell noted that the US economy was stronger than expected in September, allowing the Fed to be more cautious in cutting interest rates. Powell said that although inflation has not yet fully returned to the Fed's 2% target, there is no reason the economy cannot continue to grow. New news of a ceasefire in the Middle East has affected the safe-haven asset OANDA:XAUUSD Israel has made a new proposal to Hamas regarding a ceasefire in Gaza, including a request to release some of the remaining 100 people detained by Hamas, Axios News reported this morning (Thursday). Israeli officials say Israel hopes the killing of Hamas leader Yahya Sinwar, a ceasefire in Lebanon and pressure from US President-elect Donald Trump will create an opportunity to resume negotiations that have been deadlocked for three months. recently. According to the report, Israeli officials revealed that the updated agreement framework mentioned above was reached after a meeting between Israeli Prime Minister Netanyahu and several senior ministers and heads of security agencies on the 1st of this month. . The new plan is similar to the principles discussed previously, but has some adjustments and is subject to adjustment and negotiation. Israeli officials say Hamas has shown more flexibility and begun implementing parts of the agreement. There are still 100 hostages being held in Gaza, including 7 Americans. The Israel Defense Forces believe that between 40 and 50 hostages are still alive. Gold is a risk-on haven asset, so if the market has less risk of conflict or geopolitical tensions it will become less attractive. Next event The next big event will be the November US nonfarm payrolls report on Friday. Surveys show US nonfarm payroll employment is expected to increase by 214,000 in November, up from 12,000 in October. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, the accumulation phase of gold prices continues to last with increasingly narrower amplitudes without any sudden waves to create a short-term trend. With the current position, it is difficult to distinguish which possibility gold is leaning more towards compared to yesterday's trading day. With price activity moving around the EMA21 and Fibonacci retracement levels of 0.618% and the technical point of 2,644USD. On the other hand, the Relative Strength Index is also at 50, not going above or below this level. Taken together with the current position, gold is still neutral in the medium and short term. Meanwhile, a short-term bearish cycle has the opportunity to open if gold is sold below the 0.618% Fibonacci level then the target level is about 2,606 USD in the short term, more than 2,600 USD. During the day, gold is currently in a neutral position, but in the long term, the falling price channel is still the main trend and notable points will be listed as follows. Support: 2,634 – 2,606 – 2,600USD Resistance: 2,663USD SELL XAUUSD PRICE 2681 - 2679⚡️ ↠↠ Stoploss 2685 →Take Profit 1 2674 ↨ →Take Profit 2 2669 BUY XAUUSD PRICE 2599 - 2601⚡️ ↠↠ Stoploss 2595 →Take Profit 1 2606 ↨ →Take Profit 2 2611
OANDA:XAUUSD
by Xayah_trading
2024-12-04 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Not getting bullish above 20000. We have a clear wedge which will likely break tomorrow. Once the profit taking begins, it will be nasty. For now longs against the 1h 20ema are decent until we clearly break below and outside of the wedge. I doubt we close this week above 20000 tbh. comment: Trade the current bull wedge until broken. I expect that we will see a breakout tomorrow or Friday and I do think it’s possible that we close the week below 20000. The rally is beyond overbought and climactic. current market cycle: bull trend but very late and will end soon key levels: 20000 - 20300 bull case: 20300. Beyond overbought. Can go some more but not much. High is near or already in. Invalidation is below 19700. bear case: Market broke above multiple patterns and chances are good that this is a bull trap and we will reverse soon. For now the bears have nothing but I expect a deep pullback soon. Maybe a pullback to 20000 tomorrow, retest of 20250 or even 20300 and then some more downside. Rough guess as of now. Invalidation is above 20400. short term: No more bullish targets. 20000 is the first pullback target and I think we will break out of the bull wedge tomorrow or Friday. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Buying the open, duh. 20200 was good support, so longs against that paid multiple times.
EUREX:FDXSZ2024
by priceactiontds
2024-12-04 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Parabolic buy climax which will end soon. Longs after pullbacks are ok but I will only look for weakness. This is climactic and unsustainable. comment: Strongest bull bars that late in the trend? Tough. I have two higher targets still. First is the bull trend line to around 6160 and second is a measured move target to 6300. Bears are doing nothing but it’s also unlikely that we just continue higher in this tight of a channel on the daily chart. Market is on it’s last legs up and these windfall profits will get taken off the table before they disappear. You don’t get bullish this late in a trend, you get cautious. current market cycle: bull trend - late and will end soon key levels: 6000 - 6170 bull case: Bulls are in complete control but it’s overbought and climactic. the 4h 20ema has been bought for two weeks now and longs near it make sense. Buying above 6050 does not Invalidation is below 6000. bear case: Market is overbought and we will likely test down to the 4h 20ema soon. We can’t expect it to just trade through it and we would likely see another bounce up. Bears have nothing until then. Wait for the clear sign that bigger profit taking has started and we do not make new ath every 15m. Slight chance 6102 was the high and we go down to 6000 tomorrow. Invalidation is above 6170. short term: Bullish until proven otherwise but will happen sooner than later. medium-long term - Update from 2024-11-16: So the top definitely qualifies as a blow-off top but the question if we continue further up, is still valid. It is possible that we are already inside the correction and if we continue below 5860, I highly doubt bulls can get above 6000 again. Given the current market structure, I won’t turn bear because the risk of another retest of the highs or even higher ones are just too big. current swing trade: Nope trade of the day: Could have bought pretty much anywhere. Again.
CME_MINI:MES1!
by priceactiontds
WIF. High-Probability Setup. 12/04/24The asset is currently in an accumulation phase, presenting significant upside potential. Historically, breakouts from similar patterns can result in gains ranging from 100% to 200%. Short-Term Outlook: I anticipate a pullback to the mirror level, which could offer an excellent opportunity to open a long position or add to your spot holdings. Key entry points are marked with yellow horizontal lines (two pending orders). Targets: Futures: $4 - $5 Spot: $6 - $10 DYOR.
Long
by trendbooster
1
GOAT 4H. Strong Buy Signals Detected. 12/04/24The coin is currently in an accumulation phase, characterized by distribution and the removal of weak positions ("weak hands"). It has found a solid bottom at $0.6485, with significant buy pressure evident at this level. Clearly, a strong buyer is actively supporting the price and driving it upward. The support zone at $0.7920 - $0.6965 offers a solid opportunity for both spot accumulation and opening a futures position. In my view, the $0.6965 level is an excellent entry point for both spot and futures trading. Key Targets: Focus on local highs as outlined in the chart for profit-taking. Risk Management: Allocate only 0.5% - 1% of your portfolio to this trade. DYOR.
Long
by trendbooster
#TON 4H. There's still potential. 11/28/24The current outlook for #TON, both technically and fundamentally, appears highly promising, indicating strong potential for price growth and a continuation of the trend. Significant price changes accompanied by high trading volumes on the chart suggest a strong trend in motion. Additionally, trading volume is increasing, which is typically a positive signal for trend continuation. Overall, the market looks strong, volumes are rising, and I personally believe the asset’s price will continue to grow, eventually reaching new all-time highs (ATH). Local expectations are shown on the chart, but ultimately... I’m waiting for ATH on TON! DYOR.
Long
by trendbooster
Potential bullish rise?USTEC has broken out of the pivot which acts as a pullback resistance and could rise to the 1st resistance which lines up with the 127.2% Fibonacci extension. Pivot: 21,205.31 1st Support: 21,026.41 1st Resistance: 21,508.79 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:USTECLong
by ICmarkets
GOLD is stable, trading day with lots of big data and eventsOn the Asian market on Wednesday (December 4), OANDA:XAUUSD Spot delivery is basically stable, gold price is currently around 2,644 USD/ounce. In New York trading on Tuesday, gold hit a daily high as South Korea's martial law boosted safe-haven demand. South Korean President Yoon Seok-yue gave an emergency speech at the Yongsan Presidential Office in Seoul on Tuesday evening local time and issued an emergency martial law order. After this news arrived, spot gold soared to 2,655.64 USD/ounce. Gold prices then gave up gains when South Korean President Yoon Seok-yue announced the lifting of martial law. As of the end of Tuesday, spot gold increased 0.2%, closing at 2,643.38 USD/ounce. On this trading day, there are multiple event risks in the US, including the ADP employment report, ISM services PMI, Federal Reserve Begie Book and Federal Reserve Chairman Powell's speech . Among them, the ADP jobs report and Powell's speech attracted the most attention. Today (Wednesday), US ADP employment change data for November will be released. This data is known as “small non-farm” and is expected to create a significant impact in the market. Surveys show that US ADP employment is expected to increase by 150,000 in November. Previously, US ADP employment increased by 233,000 in October. On the same day, the US ISM non-manufacturing purchasing managers index (PMI) for November will be published and is expected to be 55.5. Fed President St. Louis Mussallem will give a speech. On Thursday, the Federal Reserve will release Begie Bôk on economic conditions. On Thursday, Federal Reserve Chairman Powell will be invited for an interview at the DealBook/Summit conference hosted by the New York Times. In his final speech in November, Powell said the Fed was in no rush to cut interest rates, citing a solid job market and inflation remaining above its 2% target. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold is still in a state of prolonged accumulation with price activity mainly sticking around the 21-day moving average (EMA21) and the technical point of 2,644USD. Although gold has recovered after the previous decline, the overall picture is still inclined to decrease in price with the main trend from the price channel, on the other hand, pressure is still created from EMA21 along with activity. of the Relative Strength Index RSI remains below 50. These factors provide gold with conditions for a bearish trend. As long as gold remains within the price channel, its technical outlook remains tilted to the downside and rallies should be considered short-term recoveries. On the other hand, if gold is sold below the 0.618% Fibonacci retracement level it will likely continue to decline to a subsequent target of around $2,606 – $2,600. In addition, a new bearish cycle will be opened once gold is sold below the original price of 2,600 USD. During the day, the bearish technical outlook for gold will be noticed by the following points. Support: 2,634 – 2,606 – 2,600USD Resistance: 2,663USD SELL XAUUSD PRICE 2681 - 2679⚡️ ↠↠ Stoploss 2685 →Take Profit 1 2674 ↨ →Take Profit 2 2669 BUY XAUUSD PRICE 2599 - 2601⚡️ ↠↠ Stoploss 2595 →Take Profit 1 2606 ↨ →Take Profit 2 2611
OANDA:XAUUSD
by Xayah_trading
2024-12-03 - priceactiontds - daily update - dax futuresGood Evening and I hope you are well. tl;dr dax futures - Neutral again. More chop expected. Can bulls do another leg up? Yes. Is it likely? I think it’s 50/50 right now. Bears obviously not doing enough and bulls are still buying above 20000, which is very bullish. Bulls have 2 bull trend lines as support around 20000 and 19950. It’s still BTFD until we make lower lows again below 19900. comment: After many months of writing about the most outrageous target for the dax, we finally did it. What a time to be alive. Don’t look to be the first bear. Can go higher obviously but I won’t chase anything here. My bullish targets are met, I don’t care about any more upside other than small scalps. Will wait for bigger bears to come around and will watch closely when bulls begin to take bigger profits. current market cycle : bull trend but very late and will end soon key levels: 19500 - 20000 bull case: Can do 20200 but we could have also seen the highs. It’s a gamble to bet on higher prices. Long the pullbacks until we make lower lows again on the 1h or 2h tf. Invalidation is below 19700. bear case: Nothing changed. Got nothing for bears until they can get a daily close below 19700 again. We most likely spend more time 19800 - 20100 before another impulse. Invalidation is above 20100. short term: Neutral. We can go higher but I don’t expect much tbh. 19800 - 20100 is my current range. Same as yesterday. Best bears can hope for is to test 19950 tomorrow. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Buying 20k or Selling 2070. Clear support and resistance on the day.
EUREX:FDXSZ2024
by priceactiontds
2024-12-03 - priceactiontds - daily update - wti crude oilGood Evening and I hope you are well. tl;dr wti crude oil futures - Neutral. Bulls did what they had to, to prevent a flush down to 66. Market traded above 70 and we made a higher low. Bulls would need to print 71.5 for a higher high and I can’t see that happening as of now. Chop between 68 and 70 is most likely here. comment : Midpoint of this triangle is around 69.3 and this will be a magnet until we either make higher highs or lower lows. It’s a trading range, don’t over analyze it. current market cycle : trading range (big triangle on the daily chart) key levels: 66 - 70 bull case: Bulls had a decent day and turned the market completely neutral again. Only above 71.5 they are favored for higher prices. For tomorrow I expect some more sideways price action between 69 and 70.5. Invalidation is below 66.27 bear case : Bears need to keep it below 71.5 or we are making higher highs again. They tried to close below 68 for 4 days and today we saw bears giving up on it. Bears are still favored to keep it inside the triangle, so either play the range or don’t trade at all. Betting on a huge breakout is not a decent strategy after going sideways for so long. Invalidation is above 71.5. short term: Neutral inside the triangle. Area round 70.5 should be huge resistance. medium-long term - Update from 2024-11-10 : Unless an event comes up, this will very likely close around 70 for the year. current swing trade: Nope trade of the day: Could have longed anywhere and made money. 1h 20ema is strong support until broken.
NYMEX:MCL1!
by priceactiontds
GOLD traded steadily, notable events and data during the dayOn the Asian market on Tuesday (December 3), OANDA:XAUUSD Spot delivery is basically stable, gold price is currently around 2,640 USD/ounce. Notable economic data and events on this trading day Today (Tuesday), the U.S. Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey (JOLTS). This important employment data is expected to cause large fluctuations in gold prices this trading day. Economists predict that there will be 7.51 million JOLT vacancies in the United States in October, compared with 7.443 million in September, the lowest level since the beginning of 2021. The JOLTS job vacancy report was one of the labor force indicators that U.S. Treasury Secretary Yellen valued most when she was chair of the Federal Reserve. This index is also labor market data that the Fed is very interested in. Gold traders will also be watching for speeches by Federal Reserve officials. On Wednesday, Fed Governor Coogler will give a speech on the labor market and monetary policy. Chicago Fed President Goolsby will give a speech. More information Trump urged BRICS countries not to try to replace the dollar and threatened to impose 100% tariffs if they did not comply. Trump's comments raised concerns that US interest rates will remain high for a long time and this will not be beneficial for non-yielding gold. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, there are almost no structural changes as gold is still maintaining very modest price activity due to the lack of fundamental breakthroughs. In terms of factors, gold is facing more pressure with the nearest horizontal resistance at 2,644 USD along with the 21-day Moving Average (EMA21), in addition, the main trend currently dominating is the downward trend. by price channel. In the short term, if gold is sold below the 0.618% Fibonacci level, it will have conditions to decrease further with a subsequent target of around 2,606 - 2,600USD, which means the nearest support in the short term is also the 0.618 Fibonacci level. % price point 2,634USD. The relative strength index is still operating below the 50 level, although it is mostly moving sideways but this should also be considered a negative technical signal. During the day, the technical outlook leans towards the possibility of price decline with notable points listed as follows. Support: 2,634 – 2,606 – 2,600USD Resistance: 2,644 – 2,663USD SELL XAUUSD PRICE 2661 - 2659⚡️ ↠↠ Stoploss 2665 →Take Profit 1 2654 ↨ →Take Profit 2 2649 BUY XAUUSD PRICE 2579 - 2581⚡️ ↠↠ Stoploss 2575 →Take Profit 1 2586 ↨ →Take Profit 2 2591
OANDA:XAUUSDShort
by Xayah_trading
2