interest rate cut! most important data end of 2024⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) extends its recovery from the $2,633 level, a one-week low, and gains modest traction during the Asian session on Wednesday. The uptick appears to be driven by repositioning ahead of a key central bank event. However, gains are likely to be limited as traders await the outcome of the crucial two-day FOMC policy meeting later today. The Federal Reserve (Fed) is broadly expected to cut interest rates by 25 basis points and signal a more cautious approach to further rate reductions.
⭐️Personal comments NOVA:
The market will pick up and recover when the FED lowers interest rates later today. But it won't have too much of an impact because most investors won't be too surprised.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2664 - $2662 SL $2667 scalping
TP1: $2658
TP2: $2652
TP3: $2645
🔥SELL GOLD zone: $2694 - $2696 SL $2702
TP1: $2685
TP2: $2670
TP3: $2660
🔥BUY GOLD zone: $2607 - $2605 SL $2600
TP1: $2618
TP2: $2630
TP3: $2645
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Longsetup
$UBER LONGThe chart for Uber Technologies Inc. NYSE:UBER indicates the end of a Wave 2 correction and the beginning of a Wave 3 rally within the context of Elliott Wave theory. This suggests a strong upward trend could be underway, with significant potential upside.
Analyst Price Targets for NYSE:UBER :
1. Mark Mahaney (Evercore ISI Group): Increased price target to $120, citing strong fundamentals and expansion into new markets.
2. Ivan Feinseth (Tigress Financial): Maintains a ‘Buy’ rating with a price target of $103, emphasizing growth in delivery services and mobility recovery.
3. Andrew Boone (JMP Securities): Reiterates ‘Market Outperform’ with a price target of $95, driven by Uber’s profitability improvements and growth in gross bookings.
The overall consensus among analysts is a target range of $90-$120, reflecting a potential upside of 40%-70% from current levels. This aligns with technical signals that indicate a bullish continuation phase as Wave 3 unfolds.
Exxon is oversold (the most since 2020)NYSE:XOM is inside it's sideways channel since March 2024 and trades within a price range of $108 - $123 with one failed breakout to the upper side in October.
The recent pulldown came from commodity prices (oil) and political drama about how much oil will be offered in Trump's term. Of course, it would be best if supply will not outpace demand too much since this would let oil prices drop. Trump will learn this soon enough. Because of that it's mostly noise what we have seen in this chart.
The level at $108 offered strong support twice and the sector (XLE) is also offering support itself. Also, the last time we've seen this stock so oversold was during the Covid crash in 2020.
From a fundamental perspective, Exxon Mobil's recent performance highlights its strong investment potential. The company's total shareholder yield, combining dividends and buybacks, now exceeds 7%, offering substantial returns to investors. In Q3 2024, Exxon reported $8.6 billion in net profit, with a 25% production increase, partly due to the acquisition of Pioneer Natural Resources. Despite a 5% earnings decline from lower commodity prices, Exxon's diversified operations and strategic investments in alternative energy position it well for long-term growth. The recent stock price dip presents an attractive entry point for investors seeking robust returns in the energy sector.
Target Zones
$114.00
$123.00
Support Zones
$108.00
US Index (US30) – Daily Time Frame AnalysisUS Index (US30) – Daily Time Frame Analysis
Overview:
Today, let’s analyze the US Index (US30) on the daily time frame. Over the past several days, spanning more than a week, the trend has been distinctly bearish.
Key Observation:
The price is now nearing a significant key level in the range of 43,200–43,300. This area could act as a strong support zone, offering a potential opportunity for a long trade.
Trade Idea:
Entry Zone: 43,200–43,300
Monitor this range closely.
Look for bullish confirmation signals, such as wick rejections, bullish engulfing candles, or other reversal patterns before entering a trade.
Potential Target:
If the setup aligns, the trade could aim for the previous week’s high.
Keep in mind this move could take up to a week to materialize, but the potential gain from this trade could be significant.
Important Reminders:
Wait for Confirmation: Ensure a clear rejection or reaction at the key level before executing the trade.
Focus on Risk Management: Safeguarding your capital is crucial. Avoid impulsive or revenge trading.
Be Patient: Allow the trade to develop at its own pace; rushing can lead to mistakes.
Trading is Reactive, Not Predictive: Respond to price action as it unfolds rather than trying to forecast the future.
GBPUSD: Breaking the trend line!GBPUSD is currently trading around 1.2705 and has not changed much since the start of the trading session.
Early Tuesday morning, data released by the UK Office for National Statistics (ONS) showed that the ILO Unemployment Rate remained unchanged at 4.3% in the three months to October, as expected. During the period, Employment Change increased by 173,000, while annual wage inflation, measured by Average Earnings excluding bonuses, increased to 5.2% from 4.9%.
Although the negative shift in risk sentiment has helped the US dollar gain ground in the European session, the GBP/USD pair remains flat but could fall as the bullish trendline and technical factors are broken.
FEDEX AT MY LEVEL DEC17 2024Last post about FEDEX when it was trading around 284 was to wait for 275s. Here we are at 275 &expect to hit all time high or at least 315 asap.
I don't trade news so I am not worried about earnings.
I am a price action trader.
Trade safely as per you RR & risk tolerance levels.
avaxusdt long"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
DROP , BASE , RALLY Pattern DROP , BASE , RALLY pattern is my most favorite pattern to identify on charts and take trades accordingly.
Simple explanation of this pattern is that '' price drops to a certain level and then starts accumulation or form base level with bit of liquidity hunt to the down side. Bullish rally begins after the liquidity hunt and formation of strong base.
In this pattern we can take several trades by managing risk with the stop loss at previous low or high.
This Pattern can be identify in any financial market with the accuracy of above 80%. (personal point of view on experience)
Not a financial advice, trade on your own risk. Only for educational purpose.
Regards:
Javed ali nagri
Potential LongLooking at the behaviour of silver, price may drop a little further to fully gravitate into support below 2605.25 area and head up from the inversion sellside fvg. or it may head up from the volume gap found in 4h 2637.51. I will be watching those areas for liquidity grab and watch the reaction from within that high resistance zone.
SUPERUSDT Long Setup / 2x-3x LeverageBINANCE:SUPERUSDT
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone 1.98-1.91
⚡️TP:
2.12
2.23
2.36
2.49
🔴SL:
1.72
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
PIXEL/USDT Long Opportunity!NGM:PIXEL
USDT Long Setup
PIXEL is currently retesting a significant support zone marked by the green box and aligning with key levels such as the Fib retracement and the moving averages (MA). The price action shows a correction after hitting the $0.3067 high, but bullish momentum may resume if the support holds.
Entry Range: CMP TO $0.2
Targets:
T1: $0.2580
T2: $0.3067
T3: $0.4783
Stop Loss (SL): $0.183
DYOR, NFA
Gold continued its downward trend at the beginning of the week⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) edges higher after dipping to the $2,644-2,643 range during the Asian session, a one-week low. This pause in its recent pullback from last Thursday's one-month high is supported by a softer US Dollar, driven by a slight retreat in US Treasury yields. Geopolitical risks and uncertainties surrounding US President-elect Donald Trump's policies also bolster demand for the safe-haven metal.
However, expectations that the Federal Reserve (Fed) will take a cautious approach to rate cuts next year, given stalled progress in reducing inflation toward the 2% target, could support US bond yields and limit further gains for gold. Investors are likely holding back on major moves ahead of the much-anticipated FOMC meeting outcome on Wednesday.
⭐️Personal comments NOVA:
Downtrend continues - Gold is under strong selling pressure before results of interest rate cuts
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2674 - $2676 SL $2679
TP1: $2660
TP2: $2650
TP3: $2640
🔥BUY GOLD zone: $2635 - $2637 SL $2632
TP1: $2645
TP2: $2658
TP3: $2670
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
SXP - Take Off!!!Dear my friends,
It's time to board the SXP train again. The downtrend has been broken, with a series of green candles on the weekly chart. The target is to break the $1 USDT zone, and from there, we’ll go far together! The RSI is entering the overbought zone with a stable upward trend on the weekly timeframe. Here’s another coin with a robust decentralized finance platform integrated with.
Best Regards!
PEPSI to $182 - Up to 14% ROI PossibleNASDAQ:PEP stock is currently trading at a discount to its fair value. That's why traders and investors should have a look at this bluechip, especially given its low beta statistic. Of course, macroeconomic uncertainties, such as the University of Michigan's latest consumer sentiment survey (which projects inflation to rise to 2.90% from 2.60% next year), could have an impact on consumer spending, which could squeeze margins. Nevertheless, given the undervaluation, Pepsi has a safety net for things like that under current circumstances.
When looking at the technical analysis we can se a big support zone at $158, where we are currently residing. The stock bounced multiple times from this zone in the past and could certainly do so again. Given the double bottom we have a good opportunity to get in the trade right now. Target one would be the descending trend line at $172 and target two would be the resistance zone at $183. That would give us a ROI of up to 14.24% in total. Closing below $156 on the daily would invalidate the trading idea.
Target Zones
$172.00
$183.00
Support Zones
$156.00
PSX : AVNTo predict the potential length of the third downtrend for Avanceon Ltd. (AVN), we can analyze the previous two downtrends and look for a pattern. Here’s a breakdown:
-First downtrend lasted 46 bars (69 days)
-Second downtrend lasted 48 bars (73 days)
Both downtrends are similar in length, with a slight increase between the first and second.
If we follow this pattern of slight growth in downtrend duration,
we can estimate based on historical patterns,
it’s reasonable to predict that the third downtrend could last approximately 74 to 78 days.
Bottoming setup, Long $CELH for $45+- NASDAQ:CELH seems to be bottoming out and ready to rip higher.
- Haven't looked into fundamentals but technical setup looks lucrative for FY 2025 first half of the year.
- Have tried this drink in the stores and it seems to be targeting nice niche who are sugar conscious but want to enjoy a drink to relax without messing up their health.
BTCUSD 4-Hour Chart AnalysisOverview :
I previously had doubts about whether BTCUSD would rise or fall, but this time I'm quite confident. There's a high probability that it will break through the middle line of the channel and start an upward trend. 📈
Key Technical Indicators :
Ascending Channel Analysis :
- Channel Middle Line Breakout: The price is poised to break through the middle line of the ascending channel 📊, which is a significant bullish signal. This suggests that the previous consolidation phase might be coming to an end, paving the way for a new upward movement.
- Support & Resistance: The channel's support and resistance lines have been tested multiple times, indicating their reliability. The recent price action near the support line suggests a strong buying interest at these levels. 🔒
Volume Analysis :
- Increasing Volume: Notice the increase in volume during the recent price movements 📈, especially around the channel's support line. This indicates growing interest from both retail and institutional investors, often a precursor to significant price movements.
- Volume Spikes: The volume spikes at critical levels suggest strong market reactions, either to buying or selling pressure. The recent volume increase near the support line supports the idea of an imminent breakout. 💥
Fake Breakout :
- Bearish Trap: The recent fake breakout below the channel support 👇 adds to the bullish narrative. This "fake breakout" often traps bearish traders, leading to a sharp reversal as these positions get liquidated. 🏦
Moving Averages :
- Golden Cross: The crossing of the shorter-term moving average (yellow line) above the longer-term moving average (purple line) is a classic bullish signal, known as a Golden Cross 🔄. This crossover indicates a shift in momentum from bearish to bullish.
Conclusion :
- Given the current technical indicators, including the ascending channel, increasing volume, and the fake breakout, BTCUSD is poised for a significant upward movement 🚀. The breakout above the middle line of the channel will likely confirm this bullish trend. Keep a close watch on the middle line for confirmation of the breakout. 🔍
Trading Strategy :
- Entry Point: Consider entering a long position if the price breaks above the middle line of the channel with strong volume. 📈
- Stop Loss: Place a stop loss below the recent support level to manage risk. 🛑
Take Profit: Set take profit levels at previous resistance levels or use a trailing stop to maximize gains. 🎯
Risk Management :
- Position Sizing: Ensure your position size is appropriate for your risk tolerance. ⚖️
- Diversification: Do not put all your funds into a single trade; diversify across different assets. 🌐
Market Sentiment :
- Social Media & News: Monitor social media and news for any significant developments that might affect Bitcoin's price, such as regulatory news or major adoption announcements. 📰
Best long setup for FY 2025 & 2026 with 100% return!- Looking at the higher timeframe @ Monthly
- It seems like NYSE:NKE is under corrective wave (4) and looking for the bottom.
- It appears that Nike has already bottomed around 70s if not this might bottom around $63 which aligns with 200 SMA on a monthly timeframe.
- This is one of the safest long setup I have screened so far which can return 100% by end of FY 2025 or mid 2026 from the lows.
- I have put NYSE:NKE on the watchlist and slowly building position.
- NYSE:NKE is one of those gems in the market where most stocks are overvalued and overbought. This stock has brand value and is under pressure because of macroeconomy. Macro will improve by 2026 and stock will bottom before anyone expects as it is always forward looking.
SOL $260 (up to 18%) - Consolidation could be overBINANCE:SOLUSDT is consolidating since the end of November after hitting the zone at $260. The consolidation looks overall very bullish (bull flag) and healthy. As you've seen in my analyse from 4 days ago the situation looks very good.
Also, Bitcoin is still holding very strong at $100K (currently at $103K). To determine, if the consolidation might be over we need to look a bit closer.
As we can see, we're currently still within the bull flag / consolidation channel between $260 and $200. Since December 11 we can see a bull flag within the bull flag after bouncing off from the support level at $203/$200. This might indicate that we've seen the low for now and are going to break the bull flag / consolidation channel. We've bounced from the 61,8 Fib from this little bull flag. A possible first target would be the resistance at $235. The next two targets would be $242 and finally $260.
If we go below $215 we might see another test of the $203/200 level. If you decide to test a long here, try to place your SL below $215 or (if you trade with a smaller size) below the $203/$200 level. Do not forget that we see a lot of liquidity grabs in crypto, so don't trade with a SL to close to support levels or they will be detected.
Target Zones
$235
$242
$260
Support Zones
$215
$203
$200
Let me know what you think!
Near LongNEAR has been attracting attention recently with its strategic partnerships and investments in AI, showcasing strong potential for future growth. Currently, the price is sitting near a significant support level, making this an attractive entry point for a long setup.
Trade Setup:
Entry Zone: Current support level.
Take Profit 1 (TP1): $7.70
Take Profit 2 (TP2): $10.00
Stop Loss (SL): $6.20
This risk-reward setup aligns well with NEAR's recent momentum and technical positioning. As always, manage your risk and trade responsibly.
Good luck to all!