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#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
GOLD's recovery is limited, pay attention to this week's dataOANDA:XAUUSD remained stable above 2,600 USD last week, mainly supported by rising geopolitical tensions, but after Donald Trump won the US Presidential election, gold was still under pressure to restrain the possibility of price increases in terms of price. Basically because the USD will be supported by Trump's victory. Regarding gold's latest recovery, after US personal consumption expenditure (PCE) data released earlier this week was in line with expectations, market expectations of an interest rate cut in May 12 by the Federal Reserve increased, pushing gold prices higher. Currently, the market is pricing in a roughly 66% probability that the Fed will cut interest rates by 25 basis points in December, a significant increase from more than 50% a week ago. Geopolitical tensions in Europe caused by Russia's missile attack on Ukraine also provided support for safe-haven assets such as gold. The Israeli military said its air force on Thursday attacked a facility in southern Lebanon used by Hezbollah to store medium-range missiles, as the two sides accused each other of violating a ceasefire despite the agreement. previous agreement. Russia on Thursday launched its second major attack this month on Ukraine's energy infrastructure, causing widespread power outages in the country. Gold is often seen as a safe investment during times of economic and geopolitical instability. Gold prices have fallen about 3% this month and hit a two-month low on November 14. This is mainly because the US Dollar has strengthened since Trump was elected and his tariff policies are believed to be likely to push up inflation, thereby slowing down the cycle of US interest rate cuts. Federal Reserve. This week the US will release key economic data including job vacancies, the ADP jobs report and the nonfarm payrolls report, which could provide guidance on the Fed's policy outlook. Economic data to watch out for this week Monday: ISM manufacturing PMI Wednesday: ADP Working Data, ISM Services PMI, Federal Reserve Chairman Jerome Powell will participate in a panel discussion at the New York Times DealBook Summit Wednesday Thursday: Claim weekly unemployment assistance Friday: US nonfarm payrolls report, preliminary University of Michigan consumer sentiment Analysis of technical prospects for OANDA:XAUUSD Gold is trying to recover but is still limited by the 0.50% Fibonacci level and EMA21. Note to readers in yesterday's edition. In terms of overall structure, gold is still inclined to a bearish outlook with the main trend from the price channel, main resistance from EMA21, while the Relative Strength Index has not yet been able to surpass 50. Because So in terms of trends and dynamics, gold still has the prospect of decreasing in price more than increasing. As long as gold remains within the price channel, it does not technically have enough room for a long-term rally, so rallies should only be considered short-term rallies. In the immediate future, if gold falls below the 0.618% Fibonacci retracement level, the next downside target will be noticed at around the original price of 2,600 USD. In summary, the technical outlook on the daily chart of gold prices leans to the downside with notable highlights listed as follows. Support: 2,606 – 2,600USD Resistance: 2,663 – 2,693USD SELL XAUUSD PRICE 2651 - 2649⚡️ ↠↠ Stoploss 2655 →Take Profit 1 2644 ↨ →Take Profit 2 2639 BUY XAUUSD PRICE 2579 - 2581⚡️ ↠↠ Stoploss 2575 →Take Profit 1 2586 ↨ →Take Profit 2 2591
OANDA:XAUUSDShort
by Xayah_trading
1
2024-12-02 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral for now. Bullish targets are met with 20k and I will scalp long we have a clear setup but not chasing anything Too early for shorts, best to not mess up your year this late. 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: Got nothing more for you. Market’s tend to move from trend to trading range instead of trend in the other direction. So we could spend some more time up here. Invalidation is below 19700. bear case: Yeah… Also got nothing for you until bears 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. 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: Longs only. My weekly outlook was pitch perfect and good for 300+ points. Bar 27 to 39 were more than enough signal bars to go long. 40 was really give up bar by the bears and market just went straight up.
EUREX:FDXSZ2024
by priceactiontds
2024-12-02 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. nasdaq e-mini futures comment: Clear breakout on the daily chart. ATH wants a retest and for now there is no reason why market would stop there. My upmost target is 22400ish but for now bulls want to hit the 3 upper trend lines and see which one produces most resistance. Bears come back into the picture with a daily close below 20800. current market cycle: Bull trend but also nested bull wedges on the daily chart. Will end in the next 3-8 weeks key levels: 21000 - 21500 bull case: Bulls have 3 obvious targets above now. First ath retest 21340, then 2 more upper bull trend lines from wedges. 22000 is possible over the next 4 weeks but we are in the last stage of the bull trend. Invalidation is a daily close below 21000. bear case: Bears gave up above 21000 and will probably try again above 20300 or higher. For now they don’t have any arguments before bulls begin to stall due to profit taking. It’s too late for bigger longs and too early to short. Be patient. Invalidation is above 22000. short term: Bullish for 21340 and then probably some more. Buying pullback is most likely the easiest way here. medium-long term: Will update this over the weekend. 22000 is a possibility but a bit far for now. Daily close above 20500 would bring it in play. First target for Q1 2025 is 19000. current swing trade: Nope trade of the day: Buy anywhere. Textbook breakout and market never looked back.
CME_MINI:MNQ1!Long
by priceactiontds
Oil focus on EIA data and OPEC+ meetingTVC:USOIL increased slightly during the Asian trading session on Monday (December 2), trading around 68.30 USD/barrel. Market volatility has continued to decrease and we need to wait for new changes in fundamental factors to shape the short-term trend. This week we will focus on EIA inventory data and the OPEC+ meeting. At the same time, this week will release US non-farm data. If non-farm data continues to strengthen, it will continue to put pressure on the Federal Reserve to cut interest rates, which will be detrimental to rising oil prices. Last week, as the geopolitical situation eased, pressure on the supply side eased and the market is now expecting that this OPEC+ meeting is expected to be postponed and increased production will support oil prices. On the geopolitical side, there are no significant new points. Lebanon's official news agency said on Friday that four Israeli tanks had entered Lebanese border villages. The ceasefire, which took effect last Wednesday, has reduced oil's hedging premium and sent oil prices tumbling despite accusations of ceasefire violations between the two sides. Although there are still many potential risks, the conflict in the Middle East has not disrupted oil supplies and oil supplies are expected to be more abundant in 2025. The International Energy Agency believes that there is a surplus of supply. is expected to exceed 1 million barrels/day, equivalent to more than 1% of global production. OPEC+ is expected to decide to continue extending production cuts at the upcoming meeting. With stagnant demand and oversupply, OPEC will face an uphill battle if it wants to push up oil prices. On the daily chart, TVC:USOIL The main long-term trend is still down with the price channel as the main trend, pressure from EMA21 and horizontal resistance levels around the 0.236% Fibonacci retracement point sent to readers in previous publications. . In the short term, WTI crude oil has enough room to continue falling with a target of around 66.44USD in the short term, more than 65.28USD. Meanwhile, the Relative Strength Index is also maintaining activity below or around the 50 level, which is considered a bearish signal with the target being the oversold area. As long as WTI crude oil remains at EMA21, it still has a bearish short-term technical outlook, and the trend from the price channel continues to trend in the long term. In the current daily chart, WTI crude oil has a downward trend with notable points listed as follows. Support: 66.44 – 65.28USD Resistance: 69.51 – 70.54USD
TVC:USOILShort
by Xayah_trading
#ES_F Day Trading Prep Week 12.01 - 12.06.24Last Week : Last week market opened up inside the Value of this 930s - 650s HTF Range, beginning of the week we were able to stay around the Value and balance inside this 620 - 970s Intraday Range with pushes out of Value that got sold back in. Wednesday again opened over Value and sold back in with RTH Volume but closed right under VAH to finish regular trading week. Shortened holiday sessions didnt have much supply so we were able to hold over VAH which build up stops that got squeezed in upper Edge once end of week covering came in on Friday. This Week : This is technically the first tag of this new HTF Range Edge since our first push towards it failed just shy of it. More often than not first tests of big areas like an Edge provide a reaction in the oppositive direction, of course we could say the push that gave us selling from this area the first time was it and that this time we may hold long or continue but because this move was during shortened holiday sessions we need to watch out with looking for continuation from here unless market can hold over 640s - 50s, stay around/inside the Edge AND get through 670s with Edge top and start holding over it. Until this happens I would be looking for us to either try and balance around this Current Intraday Range of 620s - 670 which we pushed into Friday or if the buying just pushes us up during lighter volume days and wont stick come next week then we can see a move back towards VAH and if we can't hold over it then its possible to see continuation back inside the Value/Mean and if we have enough supply a push for lower VAL. We have HTF stops built up there under 970s if that area gets taken it could bring in more selling to give us an Edge to Edge move from bottom to the top, if we can't take the stops at VAL then we could continue to balance inside this Value building Supply. This is new month and last month of the year, will we start our first week with a sell towards the buyers who are under 940s or do we have enough buying to give us a hold over Value and try to test new one ? On Daily TF we are still inside a 5720s - 6070s Range and currently we are inside Daily Edge, if we can't get through it then possible return towards Daily VAH which is in 980 - 60s Area.
CME_MINI:ES1!
by HollowMn
MANTA 1D. Accumulation Ends. 12/02/24Previously, the price spent considerable time in an accumulation phase. After finding a bottom at $0.583, an upward trend began to form. Currently, the price is testing a resistance level, attempting to break through and consolidate, which could indicate a continuation of the uptrend. Although unsuccessful so far, it seems to be only a matter of time. In the short term, a slight pullback is expected, followed by, in my opinion, continued growth. Entry Plan (EP): $1.05 - $0.95 Take Profit (TP): $1.535 $1.869 $2.222 Stop Loss (SL): $0.747 For spot positions: no stop-loss recommended. DYOR.
Long
by trendbooster
#202448 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well. tl;dr wti crude oil futures: Bearish. Bears printed 4 consecutive bear bars and made new lows. Next target is 67. Only a daily close above 70 would do it for the bulls but even then the next bear trend line runs below 71. Market is once again forming nested triangles on the daily chart. Tough to trade. Quote from last week: comment: Was also bullish on this and bulls finally came around. Clear break of the bear trend line and next target is 72.6. Is this a very bullish structure? Hell no. I expect more sideways movement just in a bigger range 69 - 72/73 until the bear gap is closed. If bulls somehow manage to close it next week, we can expect 75+ next. Continuation of the current range is much more likely though and that is why you should not over analyze trading ranges. Market is in balance in the midpoint, so mark it and fade the extremes. comment: The most likely outcome was a continuation of the trading range and that’s what we got. Bears are on their way to test 67 again and the market now have formed a head & shoulders pattern like in August where we broke down to make new lows. Most h&s patterns fail and are just continuation patterns. We will likely get the answer to that next week. Anything between 68 and 70 is a dead zone and I will only be interested in longs around 67, if bulls come around again. Shorts do not make sense below 70. current market cycle: trading range key levels: 67 - 72.6 bull case: Horrible week for the bulls with a clear sell signal going into next week. They have to defend 67 or we will likely go down to 66 or 65.74 again. Bulls who bought 67 have made money since September and we have no reason to expect it to be different this time. Daily close above 69 brings 70 and 70.5 in play. Invalidation is below 67. bear case: I do think Monday’s bar was a big bear surprise and market went mostly sideways afterwards. They also had a really good reversal on Friday which is a sell signal going into next week. They want to test the November low 66.27 and break below the very shallow bull trend line to test 65.73 or the lower bull trend line starting December 2023 at around 64. Invalidation is above 71.6. outlook last week: short term: Bullish that we reach 72 but upside is probably limited after that. Pullbacks are likely to be bought if not too strong and if we stay above 68. → Last Sunday we traded 71.24 and now we are at 68. Outlook was just plain wrong and that was already clear on Monday at US open. Market basically went nowhere after that. short term: Neutral 68 - 70 and I doubt we make lower lows below 66. Even if bears push below, downside is likely limited. 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: None chart update: Nothing worth mentioning.
NYMEX:MCL1!
by priceactiontds
#202448 - priceactiontds - weekly update - gold futuresGood Evening and I hope you are well. tl;dr gold futures: Neutral. Bulls need a strong break above 2700 to test 2720 and the upper triangle line, above that is 2750 and if they break even that, no more resistance until 2800. Most bullish target I have left is 2900 but that’s too far to talk about right now. If bears break below 2630, it’s likely going down to 2560 again. Quote from last week: comment: Market overdid it a bit with the selling and since Monday there are no bears to be found. Measured move up gives us 2866 and if we reach that, 2900 is probably given. You can’t think bearish at all until we reach 2800 again. 5 very strong bull bars closing at the highs. Can’t get any stronger for the bulls. Right now we went from overbought to oversold to overbought. Some pullback is expected and it will likely be a great buying opportunity. comment: Talk about you can’t time the market. Pretty good call that was from the above outlook last week. Higher low, and lower high. Triangle on the daily, very bullish above and very bearish below. Not rocket science to read this. I do think bulls are slightly favored. current market cycle: Bull trend key levels: 2500 - 2900 bull case: My line in the sand was 2650 and low was 2630. Next stop for the bulls is 2700 and 2720. A break above the bear line opens the market up to 2800 again. That is all there is to it right now. Clear invalidation levels and breakout points to set alerts. Invalidation is below 2630. bear case: Bears had a pretty amazing day on Monday but the follow through was disappointing and so we have formed a triangle. Wait for the breakout to either side and hop along or play the current range. Invalidation is above 2750. outlook last week: short term: Max bullish if we stay above 2650. 2800 is my expectation and 2900 possible. → Last Sunday we traded 2712 and now we are at 2681. Missed the low by about 20 points but ok. Not the best outlook but I wrote that a pullback is expected and we got one. short term: Slightly bullish if we stay above 2630. Max bullish above 2750. 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 chart update: Added bear trend line from the triangle.
COMEX_MINI:MGC1!
by priceactiontds
#202448 - priceactiontds - weekly update - sp500 e-mini futurestl;dr sp500 e-mini futures: Max bullish. New ath is done, now I have two upper targets left for this year. We have 2 decent upper bull trend lines where only the #1 target of 6300 fits. The other would be 6450 but too far and too low probability for now. Bears would need anything below 5850 to kill the rally. Quote from last week: comment: Bullish bias I had, bullish it was. Market looks like it wants up bad. Every dip is bought heavily on increasing volume. Time is now to get above 6100 or we won’t get it at all. Market is beyond overvalued, overbought and the poor late bulls are just arriving. Guess who will be left holding the bags again. comment: Bullish bias I had, bullish it was. Again. Market wanted up and it got it. Is this stopping here? Probably not. Look for longs . current market cycle: Bull trend key levels: 5850 - 6150 (maybe even 6500) bull case: Last hurrah. 6150 is my next target and if we don’t stop, 6500. Is this a bubble? Yes. Can you short this? No. Trends can go much further than anyone can imagine and your account can not sustain the drawdown of early shorts. Breakout is clear, as is the chart. Invalidation is below 5850. bear case: Non-starter is this here. Daily close below 5850, then I start looking at this with a bigger bullish eye. Invalidation is above 6070. outlook last week: short term: I want to join the bulls again. Need strong confirmation first though. Still no interest in selling as of now. → Last Sunday we traded 5987 and now we are at 6051. Perfect outlook. short term: Bullish all the way. If market closes below 5900 I would turn neutral and daily close below 5800 would probably be the end of my bullish thesis and I turn bear. medium-long term - Update from 2024-11-24: 6150 and 6500 are my last targets for the bulls before this bubble begins to pop or at least deflate. current swing trade: None chart update: Nothing.
CME_MINI:MES1!Long
by priceactiontds
The History of Forex Trading: How It All Began Ever wondered how forex trading became the massive, 24/5 global market we know today? Here’s a quick look at its fascinating journey: 1️⃣ The Gold Standard Era (1870s–1930s) Forex trading originated when countries began linking their currencies to gold. This system created fixed exchange rates but collapsed during the Great Depression due to economic instability. 2️⃣ Bretton Woods Agreement (1944–1971) After World War II, nations agreed to peg their currencies to the US Dollar, which was backed by gold. This made the USD the world’s reserve currency and gave rise to modern foreign exchange systems. 3️⃣ Floating Exchange Rates (1971–Present) When the Bretton Woods system ended, currencies began to "float," meaning their values were determined by supply and demand in the market. This shift created today’s forex market, where traders speculate on fluctuating currency prices. 4️⃣ The Rise of Retail Forex (1990s–2000s) The advent of the internet and trading platforms like MetaTrader brought forex to individual traders. What was once reserved for banks and institutions became accessible to anyone with an internet connection. 5️⃣ Today’s $7.5 Trillion Market (2020s) Now, forex is the largest financial market in the world, with $7.5 trillion traded daily. Traders from every corner of the globe participate, using advanced tools and strategies to navigate this dynamic market. Forex has come a long way, and we’re part of its exciting evolution. What do you think the future holds for forex trading? AI tools? Crypto integration? Let me know in the comments!
by Safaric
#SOL 4H: EXPECTING A LOCAL CORRECTION. 12/01/24Currently, the price is moving sideways and remains under a descending trendline that acts as resistance. If this trend persists, I anticipate a slight breakout upward followed by a correction to the $222-$218 range. This area could be ideal for considering a futures position or cautious spot accumulation, with near-term targets of $260-$290. #SOL is definitely a must-have in your portfolio. My minimum expectations for #SOL are $300-$400. Everything is illustrated on the chart. DYOR.
Short
by trendbooster
#STRK 1D. Risky Trade Setup with High Targets! 11/25/24We’ve broken out of the range with a strong upward impulse—exactly as forecasted. What’s next? Either a minor pullback to support or a continuation upward from current levels. To put it plainly and concisely: the nearest target, which we will 100% reach, is $0.6582. Will we see #STRK hit $1 this cycle? Absolutely, yes. That’s my call, and I’m saying it right now. Lock this in your mind, and in time, we’ll check if my expectations were correct. Could we see #STRK at $0.8767 as early as next month? It’s entirely possible. Key factors supporting this move: we’re closing the week bullish, with solid volumes, and above the upper boundary of the range. Ideal setup, in my view! This is worth a shot, though it’s high-risk. Check the stop. Setup: Entry: $0.5800 - $0.5400 Targets: $0.6513, $0.8759, $1.1000, $1.3597 Stop-Loss: $0.3928 On spot: no stops. DYOR.
Long
by trendbooster
1
GOLD MARKET ANALYSIS AND COMMENTARY - [Dec 02 - Dec 06]This week, international OANDA:XAUUSD fell quite sharply from 2,721 USD/oz to 2,605 USD/oz, then increased slightly and closed the week at 2,650 USD/oz. The reason why gold prices dropped sharply in the early sessions of this week was because President-elect Donald Trump nominated Mr. Scott Bessent, a traditional Wall Street financier, to hold the position of the US Treasury. The market expects Mr. Bessent to contribute to stabilizing the US economy and increasing the strength of the USD. Besides, a ceasefire between Israel and Lebanon, announced earlier this week, also eased worries about geopolitical tensions, reducing the appeal of gold as a safe haven. In particular, Mr. Trump threatened to impose a 25% tax on Mexican and Canadian goods imported into the US and proposed imposing a 10% tax on all products from China, also increasing concerns about a tariff war. , causing the FED to delay reducing interest rates, or even increase interest rates again. In addition, the US Personal Consumption Expenditure Index (PCE) in November still increased by 2.8% over the same period last year, higher than forecast and much higher than the FED's target of 2%. This may make the FED more cautious in continuing to cut interest rates in the short term. Many people believe that the gold market will have some unpredictable fluctuations in the near future as it continuously reacts to Mr. Trump's comments before his inauguration. In the short term, gold prices next week will continue to be dominated by statements posted on social networks by Mr. Trump. In addition, the market will focus on important US economic data, such as manufacturing and service PMI index; Employment indexes: ADP, NFP, unemployment rate... If US employment figures, especially NFP, increase stronger than expected, it may cause the FED to delay cutting interest rates at the December meeting. coming, causing gold prices to come under pressure to adjust next week. On the contrary, if US employment figures continue to decline sharply, it will cause the FED to continue cutting interest rates, thereby positively supporting gold prices next week. 📌Technically, on the H4 chart, gold price may still fluctuate between 2,500 - 2,750 USD/oz. Notable technical levels are listed below. Support: 2,600 – 2,606 – 2,634USD Resistance: 2,693 – 2,663USD SELL XAUUSD PRICE 2751 - 2749⚡️ ↠↠ Stoploss 2755 BUY XAUUSD PRICE 2539 - 2541⚡️ ↠↠ Stoploss 2535
OANDA:XAUUSD
by Xayah_trading
GOLD increased thanks to the weakening of the USDOANDA:XAUUSD rose, boosted by the weakening of the USD and safe-haven demand due to concerns about persistent geopolitical tensions. Despite recovering in the final trading session of the week, gold still recorded its worst month of performance since September 2023. The US Dollar Index fell to its lowest in more than two weeks, but was still up 2% in November as Republican Donald Trump's victory earlier this month boosted expectations of big fiscal spending. , higher tariffs and tighter borders. This month, gold prices have fallen more than 3%, the worst monthly decline since September last year. After Mr. Trump's victory, the USD continuously increased in price and triggered a strong sell-off in the gold market. OANDA:XAUUSD forecast Geopolitical instability is still increasing, gold prices may still increase in the near future. Gold is often considered a safe investment in times of economic and geopolitical instability such as trade tensions or conflict. The new administration's policies in the US can impact economies, causing the central bank to increase gold reserves. This prompted a sharp increase in gold trading by central banks. This is the group that bought the most gold on the market recently. BCA Research recommends buying gold when prices fall due to long-term prospects. Gold is a commodity that benefits from the policies of the new administration in the US. Increased global policy uncertainty will support gold buying demand.
OANDA:XAUUSD
by Xayah_trading