NAS100 Market Update: Key Levels and ProjectionsThe Nasdaq 100 (NAS100) is continuing its bullish run but is approaching critical resistance areas where a correction may occur. Here's a quick overview of key levels:
Strong Sell Zone: 22,233 - 21,052
Expect potential pullback as the index nears this resistance. This zone is likely to trigger a price correction, offering short-term selling opportunities.
Strong Buy Zone: Below 18,297
This major support level offers a favorable buying opportunity if the market pulls back. Buyers are expected to step in aggressively here, supporting the next bullish move.
Current Price: 20,338.7
NAS100 is approaching resistance after breaking above 19,600 support. Continued upward momentum is likely, but a correction could follow once resistance is tested.
Support and Resistance Levels:
Resistance: 22,233 - 21,052 (Strong Sell Zone), 20,800 - 20,600 (minor).
Support: 19,600 - 19,400, 18,800 - 18,600, 18,297 (Strong Buy Zone).
Outlook
A pullback is expected near 22,233, with support at 18,297 as a key level for the next bullish phase.
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Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please do your own research before making any trading decisions.
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“Gold’s Next Big Move: Key Price Levels in Focus”Gold (XAUUSD) has been in an upward trend, with key indicators suggesting it may either continue rising or face a pullback soon. This analysis highlights crucial Fibonacci levels, resistance zones, a parabolic curve supporting the bullish trend, and a potential ABCD reversal pattern. Monitoring these levels can help traders identify opportunities for buying or selling as gold approaches critical price points.
Key Price Levels to Watch
Primary Resistance: $2,778.68 – Major resistance level, could act as a ceiling for price movements.
Potential Reversal Zone (ABCD Pattern): $2,830–$2,880, with an upper margin up to $2,898.
Next Major Resistance (if breakout occurs): $3,163.70
Upper Target Levels: $3,342.93 and $3,737.90 for extended bullish continuation.
Fibonacci Support Levels (for a possible pullback):
0.236 Level: $2,523.41
0.382 Level: $2,354.63
Trading Scenarios
Bullish Continuation: Watch for a breakout above $2,778.68, with potential to reach $3,163.70 and beyond if the bullish trend continues.
Bearish Reversal: If resistance holds in the $2,830–$2,880 range, a pullback to Fibonacci support at $2,523.41 or $2,354.63 may be likely.
Takeaway
Gold is nearing a critical resistance range, and traders should monitor for either a breakout or reversal, using the 3-5% margin for flexibility around key levels.
Disclaimer: This is not financial advice. Conduct your own research and consult a financial advisor before trading.
Gold’s Long-Term trend and Cycles AnalysisUnderstanding Gold’s Time Cycles
Looking back through history, gold’s price movement has followed several noticeable cycles, characterized by significant rallies and extended consolidation phases. Let’s delve into these cycles:
1976-1980 Cycle
This period marks a fascinating chapter in gold’s history, characterized by a dramatic price surge from roughly $100 to over $800. Factors such as high inflation and geopolitical tensions fueled this parabolic rise. Then, much like a pendulum, the market swung into a lengthy consolidation, a phase which interestingly lingered until the early 2000s.
2001-2011 Cycle
Fast forward to the early 2000s, and another wave of bullish momentum occurred. The market saw gold climbing from $250 to just over $1,900 in 2011. This was driven by the weakening US dollar, inflation worries, and the global financial crisis. After this, gold entered a corrective era, echoing the post-1980 behavior.
2015-Present Cycle
More recently, starting from a low of $1,042 in 2015, gold has been on the ascent again. As it flirts with the $2,732 mark, it tests crucial resistance levels with eyes set on a possible $3,000 target. The pressing question on everyone’s mind: Are we on the verge of a breakout, or is consolidation looming on the horizon?
Key Fibonacci Levels and Price Targets
Fibonacci retracement levels serve as vital tools in predicting support and resistance areas, aiding in navigating gold’s price paths:
$2,536 (38.2% Fib): This level offers moderate resistance as gold inches closer to the psychological $2,888 barrier. Should the price retract, this zone could act as key support for further upside movement.
$2,430 (50% Fib): An essential support level in the current cycle, presenting a potential buying opportunity for long-term bullish investors during deeper retracements.
$1,982 (1.618 Fib Extension): In case of a larger correction, this point serves as a crucial support area. If gold doesn’t breach new highs, retreating to this level might result in the market resetting for another upward push.
Projected Move and Resistance at $2,888
Key Resistance Level
The $2,888 mark is pivotal, representing a blend of psychological and technical resistance. Historically, gold gravitates towards such levels, leading to significant profit-taking and possible pauses or deviations.
Potential Breakout Scenario
Should gold manage to smash past $2,888, it promises a tectonic shift, paving the way for heights of $3,500 or even beyond. With ongoing macroeconomic disruptors like inflation and geopolitical concerns, such a breakout isn’t just a figment of wishful thinking.
Historical Patterns and Future Outlook
Reflecting on gold’s rich history, the expansion during the 2001-2011 rally parallels the ongoing cycle from 2015. If past patterns hold true, gold might inch toward a consolidation phase akin to the aftermath of the 1980 and 2011 peaks. However, should inflationary concerns or geopolitical tensions spike, another bullish phase may well be ignited.
Personal reflection adds a layer of fascination to all this. Imagine how investors in the 1970s felt as prices soared, or the anxiety in 2011 when the market turned. Having lived through some of these cycles myself, there’s a strong sense of déjà vu mixed with eager anticipation for what’s next.Understanding Gold’s Time Cycles
Looking back through history, gold’s price movement has followed several noticeable cycles, characterized by significant rallies and extended consolidation phases. Let’s delve into these cycles:
1976-1980 Cycle
This period marks a fascinating chapter in gold’s history, characterized by a dramatic price surge from roughly $100 to over $800. Factors such as high inflation and geopolitical tensions fueled this parabolic rise. Then, much like a pendulum, the market swung into a lengthy consolidation, a phase which interestingly lingered until the early 2000s.
2001-2011 Cycle
Fast forward to the early 2000s, and another wave of bullish momentum occurred. The market saw gold climbing from $250 to just over $1,900 in 2011. This was driven by the weakening US dollar, inflation worries, and the global financial crisis. After this, gold entered a corrective era, echoing the post-1980 behavior.
2015-Present Cycle
More recently, starting from a low of $1,042 in 2015, gold has been on the ascent again. As it flirts with the $2,732 mark, it tests crucial resistance levels with eyes set on a possible $3,000 target. The pressing question on everyone’s mind: Are we on the verge of a breakout, or is consolidation looming on the horizon?
Key Fibonacci Levels and Price Targets
Fibonacci retracement levels serve as vital tools in predicting support and resistance areas, aiding in navigating gold’s price paths:
$2,536 (38.2% Fib): This level offers moderate resistance as gold inches closer to the psychological $2,888 barrier. Should the price retract, this zone could act as key support for further upside movement.
$2,430 (50% Fib): An essential support level in the current cycle, presenting a potential buying opportunity for long-term bullish investors during deeper retracements.
$1,982 (1.618 Fib Extension): In case of a larger correction, this point serves as a crucial support area. If gold doesn’t breach new highs, retreating to this level might result in the market resetting for another upward push.
Projected Move and Resistance at $2,888
Key Resistance Level
The $2,888 mark is pivotal, representing a blend of psychological and technical resistance. Historically, gold gravitates towards such levels, leading to significant profit-taking and possible pauses or deviations.
Potential Breakout Scenario
Should gold manage to smash past $2,888, it promises a tectonic shift, paving the way for heights of $3,500 or even beyond. With ongoing macroeconomic disruptors like inflation and geopolitical concerns, such a breakout isn’t just a figment of wishful thinking.
Historical Patterns and Future Outlook
Reflecting on gold’s rich history, the expansion during the 2001-2011 rally parallels the ongoing cycle from 2015. If past patterns hold true, gold might inch toward a consolidation phase akin to the aftermath of the 1980 and 2011 peaks. However, should inflationary concerns or geopolitical tensions spike, another bullish phase may well be ignited.
Personal reflection adds a layer of fascination to all this. Imagine how investors in the 1970s felt as prices soared, or the anxiety in 2011 when the market turned. Having lived through some of these cycles myself, there’s a strong sense of déjà vu mixed with eager anticipation for what’s next.
Support Levels:
$2,536
$2,430
$1,982
Resistance Levels:
$2,732
$2,888
$3,000
$3,500
Whether you’re betting on a breakout or bracing for a pullback, the current chart serves as a guide, offering a clearer roadmap through gold’s potential future price movements.
USD/JPY Market Update: Key Levels and Long-Term ProjectionsUSD/JPY Market Update: Key Levels and Projections
The USD/JPY pair is nearing significant resistance levels, with potential for a correction if price action encounters selling pressure. Here’s a concise analysis of the current market structure:
Sell Zone: 152.713 - 151.934 - 150.814
This sell zone marks crucial resistance levels. If the pair closes above 152.713 on the daily time frame, the market could turn extremely bullish. However, within this zone, price could face significant resistance, triggering a pullback.
Buy Zone: Below 139, 136.000, and 128.000
The buy zones are below 139, with key support levels around 136.000 and 128.000. These zones are expected to hold strong buying interest if a correction occurs, providing opportunities for a reversal back to the upside.
Current Price Action
At 149.540, USD/JPY is approaching the lower boundary of the sell zone. While momentum remains bullish, watch for potential reversals near resistance.
COG: 144.438
The center of gravity (COG) at 144.438 is an important mid-level to watch. It could act as a pivot point in case of a price retracement, offering insight into the strength of the pullback.
Key Levels:
Resistance: 152.713 - 151.934 - 150.814 (Sell Zone).
Support: Below 139, 136.000, 128.000 (Buy Zones).
COG: 144.438.
Outlook
A breakout above 152.713 may drive further gains, while a correction toward 136.000 or below offers potential buying opportunities.
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Gold Update: Gold Reaches a Crucial ZoneGold has reached a significant price zone, capturing the attention of both traders and investors. Retail traders are leaning toward short positions, yet the price continues to spike higher, hitting new highs almost weekly. After several weeks of fluctuations, gold now sits at a critical inflection point. Below are the key resistance and support levels to watch:
Resistance Levels:
R1: 2718
R2: 2730
R3: 2760
R4: 2781
Support Levels:
COG : 2651
S1: 2698-2685
S2: 2665
S3: 2635
S4: 2618
What’s Next for Gold?
While gold is currently in a bullish trend, the 2700-2730 range presents a strong psychological resistance. I anticipate some downside correction before the bullish momentum resumes, with a potential pullback toward the 2635-2618 zone.
Conclusion
Gold is at a crucial juncture, and these resistance and support levels will likely dictate the near-term price action. A correction from the 2700-2730 range could set the stage for higher prices, assuming support holds.
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GOLD UPDATE IMPRTANCE AREA TO LOOKOUTIn the last Gold Update, we plotted a critical resistance zone, and gold fell from there. Gold is currently taking support near a parallel channel zone. Can gold reverse from here?
Key Zones:
Support
2306 - 2304
2296-2288
2276-2272
COG <===> 2315
Resistance
2320-2324
2332- 2338
Gold Important Areas to Look Out For:"If the price closes below 2325, it indicates a potential further decline, possibly opening the door for a drop to 2200. However, if the price sustains above 2335 and closes above this level on the 4-hour time frame, there is a high chance of maintaining the uptrend and pushing higher towards 2400."
COG : 2355
Resistance Levels:
2335
2345
2355-60
2372
Support Levels:
2328
2306-11
2280
2200
GOLD UPDATE | More fall Expected !as Expected gold fall from resistance and i think it will fall more coz 3 major UFT is still not clear in longer TF it will fall slowly
Most recent COG 2048.33 - 2036.3
support 1 == 1971
support 2 == 1942
support 3 == 1831
bias
sell below 2024 target 1971 - 1942 - 1831
buy above 2048.33 target 2065 - 2090 - 2135-2174.
NASDAQ 100 is about to reach an important trend reversal zone!
NAS100 is about trend reverse after Dynamic trendline retest
important resistance to watch 16969
resistance 2 == 17450
resistance 3 == 17480
COG === 14688
support 1 == 16028
support 2 == 15875
support 3 == 15450
support 4 == 15405
support 5 == 14337
Gold Update (XAUUSD) reached important Key Zone
Gold is currently at a crucial point where it's encountering strong resistance. The key levels to watch On the 4-hour chart.
Resistance Levels:
Resistance 1: 2071-2074
Resistance 2: 2081-2090
Resistance 3: 2172-2190
On the 4-hour timeframe, the Center of Gravity (COG) is situated between 2042 and 2038.
Support Levels:
Support 1: 2015-2006
Support 2: 1994-1986
Bias:
Bearish Scenario:
A bearish stance is recommended if the price remains below 2074-2082, with a target of 2024. Falling below this level would be considered extremely bearish, with a potential target of 1988.
Bullish Scenario:
A bullish outlook is suggested if the price rises above 2042, targeting 2082. Crossing this level would be considered extremely bullish, with potential targets at 2135-2174.
GOLD (XAUUSD) UPDATE Gold made a sharp recovery after the recent FOMC release from the mentioned support on the previous chart. Now, what could happen next for gold? It's currently approaching resistance level 1, where it might face rejection. However, to see selling pressure, it needs to break below the minimum of 2024.
The Center of Gravity (COG) remains valid with the following levels:
Support:
2024-2026
2016-2010
1996-1992
Resistance:
2042-2046
2054-2057
2080-2095
The bias is bullish above 2024. However, it turns bearish below 2024-2021.
Gold (Xauusd) Update
Resistance 1: 2143 - 2159 area
Support 1: 2017 - 2011 area
Support 2: 1990 - 1979 area
Support 3: 1957 - 1948 area
Support 3: 1893 - 1880 area
Bias
bullish above 2011 Target 2034 - 2043
bearish below 2011 Target 1996 - 1979
WH(Warm Hole) 1996-1994 If break on 4H TF then sell aggressively
My focus is on a sell Trade below 2011 Extremely Bearish
Gold(xauusd) Update as expected Gold fall From resistance zone and getting rejection after taking SSL and first support zone 1934 .now i'm expecting some correction till around 1944 and also remember if gold running 4H bar close below 1940 which is WH(warm Hole) then there is high chance to fall from 1941-1944 if not then it may go up again and take all liquidity resting on resistance zone and fall after that
BTCUSD Update | Long Term Buy "I'm considering a long-term buy on BTCUSD. The reason for this is that on the daily chart, it recently hit a Buy-Side Liquidity (BSL) zone at around 31,200 and experienced a significant drop. Currently, it's approaching the Sell-Side Liquidity (SSL) zone at 24,792. I anticipate that it will either bounce back after touching the SSL or after completing a retest. The Daily COG line is at 23,032, and it's close to the Warm Hole(WH), which adds to my confidence in this trade. Therefore, I'm looking for a buying opportunity during this dip.
Please let me know what you think about this idea in the comments, and if you find it helpful, please support it by hitting the like and follow buttons."
NAS100 Anticipating a Reversal from Resistance ZoneHello traders, this is my view on NAS100.
NAS100 is likely to reverse from the resistance zone. I believe it will fall after taking out BSL (buy-side liquidity). The reason for this idea is that NAS100 has perfectly created an inducement at 15,930.90, near the weekly timeframe CoG (Center of Gravity) at 16,099, and then it fell. Now, it has returned again to create a buy trap for retail traders. I think it will fall strongly after hitting BSL, which is at 15,796 on the 1D timeframe and 15,926 on the weekly timeframe. I'm looking to short it from the range of 15,800 to 15,940.
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