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Gold 4-Hour Channel Breakout Hits TargetOur 4-Hour channel Breakout from a few days ago has reached its target. The target was the bottom of the beginning of the channel. However, we had no retrace to the neck zone, so we had no entry. I am a breakout and retrace trader, and if I see no retrace to the point of interest, I will not take a position. My thoughts on Gold now is that if support does hold around the 1782 mark, we should begin ranging in short to mid-term between support and 1810. Let’s watch and see what it does. I will be watching as always, and should a setup present itself; I will be posting it. Happy Monday!
OANDA:XAUUSD
by TheVortexTrader
2
Corrective Price Action In GoldGold similar to oil conitnues to drag its feet and move in an ascending (bearish) pattern by making higher highs and then correct strongly downward. This zigzagging price action OFTEN indicates WEAKNESS. Gold is ALWAYS mistaken to be a safe haven when times are tough for the general markets. Well this is NOT the case and has not been for most of its modern history. I believe this misrepresentation of gold comes from the price action of the 1929 crash where gold I believe did move contrary to stocks at times. BUT it does not concern us what happend 90 years ago! Gold prices I believe were fixed back then and so its outcome had to have been different. What does concern us is what happened in 2008 where gold fell just like any other asset. And this continues to inspire confidence that this will NOT BE THE DEFENSIVE ASSET EVERYONE ELSE THINKS GOLD IS! It is an asset just like oil or stocks. And in hard times it too will fall. The price action here reminds us that this will likely be the case and sooner than later. For now we remain neutral and wait for further confirmation before well sell gold.
COMEX:GC1!
by Sinex
1
BITCOIN , BTCUSDT 1DBitcoin Unfortunately, Bitcoin lost significant support at $ 40,000 and reached $ 34,000 in one day after a fake move to increase its long positions and liquidate a lot of capital and a large dump at $ 43,000. Numerous reasons, such as the negative fate of Russia and the intersection of death, also contributed greatly to this dump Unfortunately, the bitcoin shoulder pattern was also approved, and if the price goes up according to this pattern, we will see a price of $ 20,000! But the flat ABC pattern can not be ignored either, which is not too far off the mark and may happen and push the price upwards from $ 30,000
by SaeidMahbob
BTCUSDT , BITCOIN 1DBITCOIN One of the optimistic scenarios that is not too far from expectation can be considered this scenario Based on the history and past of Bitcoin in the past few months, this scenario was supposed to be in almost the same place and pattern! Let's hope so :) 📊 #BTCUSDT ( BITCOIN ) 💹 Time Frame : Daily 🔵 Personal Opinion : HODL 👤 Saeid.Mahbob 📅 01 .19.2022 ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
by SaeidMahbob
MORGAN STANLEY - BREAKOUT OR GOOD BUY OPPORTUNITYMorgan Stanley is expected to report earnings on 01/19/2022 before the market open. The report will be for the fiscal Quarter ending Dec 2021. Better than expected results may give strong support to the bulls and send the price back into the channel. On the other hand, if the results do not satisfy the investors this will be a good signal for the bears to step in. Morgan Stanley is the third-largest investment bank behind Goldman Sachs and JPMorgan Chase. In terms of revenue, it is the largest wealth management firm in the U.S. Morgan Stanley ranks behind only Goldman Sachs in the equity capital markets. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:MS
by legacyFXofficial
ALICEUSDT , My Neighbor Alice 1DAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help . 📊 #ALICEUSDT ( My Neighbor Alice ) 💹 Time Frame : Daily 🔵 Personal Opinion : HODL 👤 Saeid.Mahbob 📅 01.19.2022 ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
by SaeidMahbob
Sorry BTC, but that, is Out of Bounds.========================================== BTC/USD CoinBase, WEEKLY Chart. EMA 21 = Orange Green = SMA 50 Yellow = SMA 100 Green Rectangle = Best case scenario trading range. Purple = Great value for DCA. ========================================== BTC appears to have broke it's immediate uptrend and broken below the Weekly EMA 21. There is little chance the bulls close above it, but if they do, they still need to retest the ATH and possibly challenge the previous trend line. While there is a chance, based on the US Feds wanting to taper faster and sooner, and the US stock market has barely begun to pull back, I doubt it happens. I give the bullish scenario a 2% chance of happening. If this were the case, I might personally take some profits just around 59,850 - 59,950 range to avoid having to hold for full losses if the super bullish scenario to break the previous all time high fails. A bit more sensible approach might also include buys at 45,000.00 and 35,000.00. I might leave those open orders with the hope to have them filled, just to hold more BTC in the future. Everything seems great, but there is one last tidbit... Any break of 28,000.00 would send a retest possibly of 18,000.00 to 20,000.00. If that risk sounds fine, do with this information what you will. Additional indicators supporting bearish scenario are the Bearish divergences on both the RSI 14 and MACD. The Weekly MACD crossing into red territory. The RSI has not shown a V or any type of recovery, so there is still the oversold scenario and as you can imagine, if it's not oversold yet, how red can it look? Only with time can we be 100% certain. With that said, None of this is financial advice and I have decided to return to chart purely to challenge myself and improve. I hope to release one update and possibly one trade idea each week going forward. Do with this information what you will. Good Luck to everyone out there and may your chart moon more than Luna.
COINBASE:BTCUSD
by gendark2
1
USDJPY - Neutral Pre US Inflation DataUSDJPY has dropped since it's recent highs above 116 on the back of a weaker than anticipated payroll Friday with 199K jobs added in December vs 400K expected. The FED had indicated at last Wednesday's meeting that it would reduce the balance sheet sooner causing yields to rise strengthening the US dollar. This is largely due to the FED's fears of rising inflation therefore we will await inflation data for December on Wednesday. We hold a neutral view whilst the currency pair is below resistance at around 116 as we await further developments including news from the Bank of Japan which indicated it is likely to start tapering it's corporate debt purchases.
by KQMarkets
Bullish Case, Bearish CaseI'm currently Neutral on BNB as there is no obvious entry here for the way I trade. However, I can see reasons to be both bullish and bearish. Bullish Case: BNB may be completing the Handle of a C&H pattern. The Cup isn't exactly pristine, but that might just be a casualty of charting against a volatile asset (BTC). Consider a high-risk/high-reward smaller long position here. Bearish Case: BNB is ranging and it's recently bounced off the top of the range. Sell pressure *could* push BNB back down to the bottom of the range. Either way, I'm on the sidelines here until I see a more interesting entry. Good luck and Happy New Year! :)
by mercury_rising
1
Sunday Analysis: Neutral on AUDUSDLast mark up didn't go as planned, but lets see how this goes. Daily - Price has been making higher highs and higher lows as well as trading within a POSSIBLE channel. 4HR - The channel is still holding up that I drew from last week. We can see a closer look of price breaking and retesting the daily S/R zone. Wouldn't be surprised if it keeps pushing up some (since it's still trading over our 200MA and 50SMA with also signs of a cross from the two), BUT I want to watch and see the next couple candles I get before jumping in for a buy. 1HR - Not seeing much of a pattern I like. Overall: NEUTRAL
by rokoro2