XAU increased sharply after nun-farm and dropped sharply on fed XAU increased sharply after the nun-farm news and decreased sharply after the Fed's interest rate decision last night
Last night, the Fed decided to keep interest rates unchanged and signaled that it was not ready to loosen policy. Powell's statement disappointed investors longing for a rate cut, and this led to a slight increase in the US dollar. Currently, the focus of the market will be the Nonfarm Payrolls report released at the end of the week.
The resistance area for gold prices is still at $2,050, with the higher level at $2,065. In the event that gold's bearish momentum increases and brings the price back below the 50-day SMA, $2,005 will be in sight, followed by $1,990.
NEWS
GOLD → Traders are panicking. Growth amid low volumesOANDA:XAUUSD has been trading in a very narrow range lately with low volatility, while the dollar index is standing still. Something very turbulent is coming.
A stalemate and confusing situation is forming on D1. On the background of retests of resistance areas and attempts to break the upper trend boundaries, trading volumes are decreasing in the market. Technically, the price is gradually pushing towards the resistance at 2039.4 to break it. After a false breakout, there is no fall and the price is testing this level again. Volumes are falling at this time. There is strong news ahead. In the mid term, traders are waiting for news that could weaken gold. But amid the initial reaction, the XAU price may test the resistances. And after stabilization of the situation, the fall (which is waiting for the market, judging by the volumes) may continue.
Resistance levels: 2039.4, 2048, 2058
Support levels: 2033, 2029, 2020
There is news ahead, which will come gradually. The strength of the news is high. Technically, gold may strengthen temporarily, but fundamentally and on the background of weak purchasing power, the price may fall in the future. Everything is determined by the actual fundamental background.
Regards R. Linda!
SOL.X in +7.86% Uptrend, rising for three consecutive days on JaMoving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SOL.X advanced for three days, in 244 of 336 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.
CRYPTOCAP:SOL
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 28, 2024. You may want to consider a long position or call options on SOL.X as a result. In 69 of 108 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 64%.
The Moving Average Convergence Divergence (MACD) for SOL.X just turned positive on January 29, 2024. Looking at past instances where SOL.X's MACD turned positive, the stock continued to rise in 36 of 54 cases over the following month. The odds of a continued upward trend are 67%.
SOL.X moved above its 50-day moving average on January 26, 2024 date and that indicates a change from a downward trend to an upward trend.
SOL.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The 10-day RSI Indicator for SOL.X moved out of overbought territory on December 27, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In 30 of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at 75%.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 10-day moving average for SOL.X crossed bearishly below the 50-day moving average on January 25, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 79%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SOL.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.
The Aroon Indicator for SOL.X entered a downward trend on January 29, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
ADA.X in +8.01% Uptrend, growing for three consecutive days on JMoving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ADA.X advanced for three days, in 269 of 441 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.
BINANCE:ADAUSDT
Price Prediction Chart
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 42 of 76 cases where ADA.X's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 55%.
The Momentum Indicator moved above the 0 level on January 29, 2024. You may want to consider a long position or call options on ADA.X as a result. In 67 of 124 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 54%.
The Moving Average Convergence Divergence (MACD) for ADA.X just turned positive on January 29, 2024. Looking at past instances where ADA.X's MACD turned positive, the stock continued to rise in 34 of 59 cases over the following month. The odds of a continued upward trend are 58%.
ADA.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
ADA.X moved below its 50-day moving average on January 14, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ADA.X crossed bearishly below the 50-day moving average on January 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 65%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 53%.
The Aroon Indicator for ADA.X entered a downward trend on January 29, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Will Gold Go To 2000$ Again ?Gold edged higher to start the week as the improving risk mood made it difficult for the USD to find demand in the absence of high-tier data releases. A Bloomberg report claiming that China was considering an equity market rescue package worth about 27 billion USD triggered a rally in global equity indexes.
On Tuesday, Gold failed to build on Monday’s gains, while the benchmark 10-year US Treasury bond yield held steady above 4%. S&P Global PMI data showed on Wednesday that the business activity in the US private sector expanded at an accelerating pace in January. S&P Global Composite PMI improved to 52.3 from 50.9 in December, Services PMI rose to 52.9 and Manufacturing PMI recovered above 50, pointing to an expansion in the manufacturing sector for the first time since April. In turn, the benchmark 10-year US Treasury bond yield edged higher, causing XAU/USD to drop to a weekly low below $2,020.
Tesla Here at Key Support at 180-187I published this chart when NASDAQ:TSLA was back up to the "Earnings Level" back in September near $280 and pointed out that it was up against "Key Resistance" and here we are 4+ months later and we have had two more earnings reports and Tesla has fallen back down to another important "News Level" that I labeled "Moody's Upgrade Level".
The reason that Moody's Upgrade level is so important is that it is the level where institutions could actually begin to consider investing in Tesla debt, which at the time was junk-rated, aka 'non-investment-grade' to say it nicely. Why that was important is that it would open the doors to Tesla getting financing at lower rates should they need it and even though Tesla didn't need to borrow any money at that time, the upgrade gave Tesla credibility where they didn't have it before.
For many years there were roadblocks to Tesla selling shares to raise the capital to build plants and grow the business and Tesla had to pay higher than average rates. The Moody's level can start on March 17th, the trading day before the news hit at the lower purple line at $180.13. The other technique is to use the mid-point of the day that the news hit and the next day and that puts $176.35-198.00 as the range or $187 as the Key Support level. You can see how the market reacted to that level multiple times before breaking out in late May on its run up to $299.29.
The entire Tesla story has changed dramatically since they have almost paid off all of their debt and also have accumulated $29.1 billion in cash and short term investments from profits over the past three years. This puts Tesla in a position unlike any other profitable auto company where cash exceeds all debt and capex plans over the next few years. The next stage of the Tesla growth story will be from new manufacturing processes, new batteries, new software and the new CyberTruck just hitting the road since December only a month ago. Stay tuned.
Since I have been following Tesla daily since it went public over 10 years ago, it has been a marathon of headwinds against the company and against Elon. Granted there is plenty of truth to many of the issues that end up in the news, but what I have found is that bias and downright frustration by advertisers, analysts, competitors and short-sellers has played a bigger role in slowing Tesla's success.
I hope you enjoy the "Earnings Level" indicator which is now *FREE* here at TradingView after being a paid-only indicator that I created many years ago. Other services have tried to copy it but the original is here at TradingView, the best software for visualizing and graphing data anywhere.
Will The Gold Retest To 1980$ After The Attack in the Red Sea ?The Houthis say they are targeting ships which are Israeli-owned, flagged or operated , or which are heading to Israeli ports. However, many have no connections with Israel.
US-led naval forces thwarted many of the attacks.
Major shipping companies have stopped using the Red Sea - through which almost 15% of global seaborne trade usually passes - and are using a much longer route around southern Africa instead.
Gold's Week Update , 2000$ ?Gold kicked off the week at high levels as it traded near $2,050 per ounce, buoyed by the Middle East conflict’s safe haven demand and stubborn market sentiment that rate cuts are coming sooner rather than later.
But as the shortened holiday week rolled onward, a steady diet of hawkish central bank comments and the absence of any energy boosts from geopolitics weakened investors’ appetite for the yellow metal.
Bitcoin Update After SEC ApprovalSEC Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares. That will lead new investors to put their money longing btc , so that will create a good liquidity to professional ones to short at 47k - 50k levels , and that's really what happened do not get suprised by seeing btc's price range between 30k - 40k
GBPJPY: Thoughts and Analysis Pre-BOJToday's focus:
Pattern – Continuation, resistance test.
Support – 37,400
Resistance – 187.63 - 184.35
Hi, and thanks for checking out today's update.
Our focus today is on the GBPJPY pre-Bank of Japan. Looking at price, we can see it continues to trade on fast trends higher but has stalled at resistance.
The market could now be waiting to see what's next from the Bank of Japan. Will they tweak their bond-buying program? We have seen some solid volatility from past meetings. Could this be another?
We have run over two scenarios in today's video, and we will look to see what happens next for the JPY after tomorrow's BOJ meeting. Rates are expected to remain on hold, and the statement and outlook report are expected between 11:30 am and 4 pm on Tuesday this week.
Good trading.
Imugene Limited (ASX: IMU) Director's Increase Stake"Imugene Limited (ASX: IMU) Director's Stake Update: On 12th Jan '24, a director affirmed their commitment by acquiring 1M RSUs at no cost, signaling bullish sentiment. Pre-acquisition, the director held 600K options and 20.73M shares, maintaining these post-acquisition. No options or shares were sold, implying a strong belief in the future of IMU. This strategic holding pattern may suggest an insider's positive outlook, potentially interesting for investors monitoring IMU's stock."
investorhub.imugene.com
XAUUSD TO 2000$ 🤔 ?Gold price has faced a sharp sell-off after failing to recapture the weekly high of $2,062. The precious metal has dropped to near $2,030 and is expected to remain on tenterhooks before getting fresh cues about the timing of rate cuts from the Fed. The yellow metal has surrendered entire gains generated on Monday and has corrected below the 20-day Exponential Moving Average (EMA), which trades around $2,039.
More downside could appear in the Gold price if it fails to defend the January 3 low of $2,030, which will expose it towards the psychological support of $2,000.
Nvidia's Dance with ControversyThe Underground Market for Banned AI Chips in China"
Nvidia (NASDAQ: NASDAQ:NVDA ) finds itself at the center of a storm as reports surface regarding the illicit trade of its advanced AI chips in China. Despite a U.S. ban on exporting these chips to the country, Chinese military entities, state-owned AI research centers, and universities have reportedly been actively acquiring batches of Nvidia semiconductors. This raises concerns about the efficacy of U.S. efforts to restrict China's access to critical AI technology and the potential implications for national security.
The Chinese Quest for Nvidia's Banned Chips:
According to a comprehensive analysis, various Chinese entities, including elite universities like the Harbin Institute of Technology and the University of Electronic Science and Technology of China, have been identified as purchasers of Nvidia's banned A100 and H100 chips. Even chips specifically developed for the Chinese market, the A800 and H800, faced a ban in October. The relentless demand for these chips underscores the challenges faced by the U.S. in cutting off China's access to advanced AI technology, vital for breakthroughs in artificial intelligence and high-end military applications.
Regulatory Quandaries:
While the U.S. ban prohibits the direct export of these chips to China, the emergence of an underground market reveals a complex web of transactions. Chinese vendors reportedly acquire excess stock or import through companies incorporated in countries like India, Taiwan, and Singapore. Nvidia ( NASDAQ:NVDA ), however, maintains that it complies with export control laws and pledges to take action against customers engaging in unlawful resale. U.S. authorities are equally determined to close loopholes in export restrictions, but experts argue that achieving watertight control over small chips is unrealistic.
The Superiority of Nvidia's GPUs in AI:
Nvidia's graphics processing units (GPUs) have long been recognized as superior for AI-related activities, efficiently processing vast amounts of data crucial for machine learning. The persistent demand for these banned AI chips in China highlights the absence of satisfactory alternatives for Chinese firms, with local competitors like Huawei expected to lag behind in development.
National Security Concerns:
The intersection of technology and national security is a critical aspect of this controversy. The involvement of Chinese military entities and institutions with alleged affiliations to military bodies raises questions about the potential dual-use nature of these AI chips. The U.S. government faces the challenge of balancing its commitment to innovation with the imperative to safeguard sensitive technologies that could have military applications.
Conclusion:
Nvidia's entanglement in the controversy surrounding the underground trade of banned AI chips in China sheds light on the complexities of enforcing export restrictions in the tech industry. As geopolitical tensions continue to shape the landscape, the story of Nvidia's chips serves as a compelling narrative, emphasizing the delicate balance between technological advancement, economic interests, and national security. The evolving situation calls for a nuanced approach from both the U.S. government and technology companies to navigate these challenging waters.
BTC TO 32K$ ?the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares. That will lead new traders to put their money longing btc , so that will create a good liquidity to whales to sell at 47k - 50k levels , and that's really what happened do not get suprised by seeing btc's price range between 20k - 30k
BTC - It is a matter of time ⏱Hello TradingView Family / Fellow Traders,
📈 BTC has demonstrated an overall bullish trend, trading within the ascending channel outlined in red.
Following a rejection at the 48,000 - 50,000 resistance range, BTC experienced a decline and is currently approaching the lower red trendline.
Additionally, the zone between 44,500 and 45,000 serves as a robust support area.
🎯 Therefore , the highlighted red circle signifies a significant zone to consider for potential buy setups. This area is noteworthy as it marks the convergence of the blue support and the lower red trendline, acting as a non-horizontal support.
📚 In accordance with my trading style:
As BTC nears the red circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
XAUUSD BuyBuying Gold due to the failed close below 2016. I predicted 2012 last week, but to see this I'd anticipate good confirmation. This has not happened yet, CPI has dropped gold over 150 pips, now im expecting a clear push back to 2025+ area.
Ive entered at 2016.54, targeting 2029.54 and my stop is set at 2013.54. Gives me a 1:4.33 R/R 1%Risk
Entered at the low end of a 4Hr OB, which I'd like price to close above.
Not to much more analysis here, kept it simple, still using @nephew_sam_ FVG indictor so testing this on my funded account.
GJ Possible movement for next week openingLooking to short GJ next week, although a break of this 184.100 zone could push GJ to longs targeting 188.60 area (8/1/24)
Zoomed out onto 4hr HTF, from here I am looking to enter within that OB thats present, targeting a FVG around 180.00
Using a new indicator by @nephew_sam_ so looking forward to 2024 using this.
Upon technical analysis, I can see the finish of 2023 bought the Pound to close around 179.54. From here we have seen the slight push to the now current 183.952 area. This has been a nice steady push for GJ, which makes me think this continuation could continue.
Having said this, there hasn't been a major consolidation of price or even a pullback. From this i'd expect a slight pullback tonight (Sunday) or even through (London) Tomorrow or in due course.
My guesses are that price will continue for the short while, but a pullback is expected, and this is what I'm targeting. Day traders this could be a good opportunity, Swing traders I would probably focus on the longer targets of buying.
First documented trade of 2024 so lets see how this runs.
Gold to 2100 ?The U.S. data points of the week will be the December consumer price index report on Thursday and the December producer price index report on Friday. U.S. inflation has cooled in recent months, which has allowed the Federal Reserve to back off on its tighter monetary policy. The CPI report is seen up 3.3%, year-on-year versus a rise of 3.1% in the November report.