Get started

NEWS

AI's Insight from News Cross-Checked with Pattern Recognition 👁Dear Investors, I believe that PLTR might fall to $13.2 in the coming months. Here, I made a short idea from the insights of the different AI algorithms I use for speculative analytics. News Analytics - Natural Language Processing 1 Palantir's revenue growth has slowed in recent quarters. The company's revenue grew by 31% year-over-year in the first quarter of 2023, but this was down from 54% growth in the fourth quarter of 2022. This slowdown in revenue growth could be a sign that Palantir is facing challenges in the market. 2 Palantir's gross margin has been declining. The company's gross margin was 74% in the first quarter of 2023, down from 77% in the fourth quarter of 2022. This decline in gross margin could be a sign that Palantir is having to invest more in sales and marketing to drive revenue growth. 3 Palantir has been losing market share. The company's market share in the data analytics market is estimated to be around 1%, according to Gartner. This is a very small market share, and it has been shrinking in recent years. This could be a sign that Palantir is not as competitive as its rivals. 4 Palantir's stock price has been volatile in recent months. The stock price has fallen by more than 50% from its all-time high in August 2021. This volatility could be a sign that investors are uncertain about Palantir's future. Cross-Checking Logic Of course, there are also some positive news about Palantir that could suggest that the stock price will not fall to $13.2. For example, the company has a strong pipeline of new business opportunities. Palantir is also investing heavily in research and development, which could lead to new products and services that could boost the company's growth. Chart Pattern Recognition - Deep Neural Networks Between the two red trendlines, my neural networks believe to be a bearish channel. Your human eyes can see how Palantir rejected the upper trendline on 11 October and 21 November. I marked these price points with red ellipses. The channel had some bullish aspects when the bottom trendline acted as a support on 02 November and possibly today. Look at the left green arrow. Palantir's last rally related to this point. Today, the stock is near the same trendline again, and there's a chance that it can reignite a similar rally. The white arrow shows this possible scenario. I, however, feel skeptical that history would repeat itself. Ensembling Technical Indicators I asked different AIs to weigh technical indicators to represent their opinions. I ensembled the results of these AI opinions and selected MACD, RSI, and volume to simulate AI's insights in a way you can reproduce on your chart without AI. From declining volume bars I suspect the continuation of the bearish trend. The price action has been bearish over the last week, and I can't see the volume to reverse it. I can see extreme sell volumes every now and then, but they seemed to escalate the bearish trend. I don't see where the orders are that could absorb the end of the bearish trend. RSI tried to make a bullish cross below the volume indicator, but it happened to be a failed cross. RSI reversed as it crossed the SMA, which suggests a lack of bullish momentum. The potential bullish signal turned out to be an indication of how weak bulls are. At the same time, MACD has been going on the bearish side with a strong momentum, and periodically pulsing bearish momentum without signs of weakening. Overall, these indicators simulate what my AI bots believe about the market. Their ensembled opinion seems to be a bearish continuation. Chart Explanation I already explained the red bearish channel, the channel contacts, the indicators, and a potential bullish scenario, but I think bears enjoy a better risk-reward ratio. Theoretically, channel breakdown could pull the price into the support level of 13.2. I've got a green line at this level. Thus, the target price of a short could be within the green box around this level where the bearish trajectory's red arrow shows. The stock might reverse or not at this level. I'll have to reassess if I see the playout of my bearish expectation. Conclusion Ultimately, the direction of Palantir's stock price will depend on a variety of factors, including the company's financial performance, the overall market conditions, and investor sentiment. It is always important to do your own research and consult with a financial advisor before making any trading decisions. Kind regards, Ely
PShort
by Elysian_Mind
9
Elevated Inflation News Amplify Safe Haven Demand for Gold 🧈Abstract: Recent inflation data from the Federal Reserve has fueled concerns over persistent price pressures. In this environment, gold's inherent value as a haven asset stands to benefit. My open-source Adaptive MFT Extremum Pivots indicator, which can be applied across various markets, reveals support and resistance levels on the gold market. Based on these calculations, the nearest resistance zone lies around $2055, while the mathematical middle of all resistances is estimated to be around $2072. A potential trade setup involves purchasing gold upon breaching the nearest resistance level. Aim for a target price slightly above the resistance level, allowing for potential retracements. Establish a stop-loss order below the recent price consolidation zone. Alternatively, consider purchasing gold upon bouncing from the nearest support level. Aim slightly above the resistance level, again with a stop-loss order below the recent price consolidation zone. --- Dear Esteemed Readers, Fellow Analysts, I. News Catalyst: 1: Higher-Than-Expected Inflation Reading: The recent inflation data from the Federal Reserve suggests persistent inflationary pressures. Implications for Gold: 2: Safe Haven Demand Amplified: Gold's inherent value as a haven asset is further enhanced amidst heightened inflation. 3: Technical Outlook Optimistic: Gold's recent price trend and favorable technical indicators indicate potential upside movement. II. Chart Description: 1: Indicator: I've used my open-source Adaptive MFT Extremum Pivots indicator to autonomously compute the support and resistance levels. I tried to write this indicator, which you find among relevant publications, as general as I could. The gold market is only one of my choices where I deployed this script. You can try it on any of this and any other markets. If you've got feedback, I'd be happy to update what I've got or create a new branch to experiment with your unique approach. You can change the indicator without coding knowledge through the user configuration block like colors and precision (!) per the documentation I wrote. The script is "adaptive" because you'll always get a bit of different data on the same market depending on the moment you use this indicator. But that's good because you can monitor the data velocity between time points with this knowledge. As I mentioned, the script is general and in the following, I'll explain how it helped me to write this particular analytics on the gold market. 2: Data Explanation and Chart Elements: You can find the script's window in the bottom right corner of the chart. As you can see in the center of the table, the Pivot point is about $2044.948. The script computed this data from a monthly timeframe. In the upper half of the window, you find the monthly high ($2075.430), monthly low ($2033.940), weekly high ($2148.990), and weekly low ($2020.135) values on this market. The latter two data came from a weekly timeframe. So, you can consider this analytics to be a Multi-TimeFrame Analytics (MTF or MTFA, see the keywords. S1, S2, and S3 mean three support levels (green lines on the chart) and R1, R2, and R3 mean three resistance levels (red lines on the chart). I named the levels according to their distance from the pivot point. S1/R1 are the closest and S3/R3 are the most distant levels. The actual price is $2033.050. The price's a bit below the pivot point, which could be a bearish signal. In this context, however, I'd call it a retracement because it's above the double support levels of $2020 and $1998. The third support level is around $1971. If you remember my messages from the chat, you know I estimated the support zone around $2000, see the green zone on the chart, which aligns with the mathematical middle level of the support levels. I believe these computations could make a bit of sense because if you look to the left of the chart, you'll see how the price bounced repeatedly from either of these supports or got rejected at either of these resistances. I'd point out the interval between 19 April and 02 May 2023 to observe these price actions. With the price consolidating above all the support levels, I'd estimate an attempt to breach the resistances. The nearest resistance is around $2055 while the mathematical middle of all the resistances is around $2072, see the red zone on the chart. If the positive news persists on the market, I estimate the price could reach as high as $2055 (R1), $2087 (R2), and $2098 (R3). You find all these data with higher precision in the bottom half of the script's window, the bottom right corner of the chart. The dotted arrows depict various price scenarios that gold could follow. The more pronounced the bullish momentum, the less retracement we can expect. In the most optimistic scenario, gold could reach resistance R3 from its current support levels. However, if demand weakens, the price might briefly dip to support S2 or even S3. Still, a breakdown below S3 would be necessary to invalidate the bullish trend. As long as the bullish trend remains intact, resistances R1 and R2 remain attainable targets. Below, I propose some possible positions according to a support/resistance strategy. You can interpret the market in various ways and the sentiment dynamically changes. That's why I made the script adaptive. You can load to your chart any time and see the market dynamics. Furthermore, I'm open to all confirmation, conflicting, extending, or questioning opinions of yours. III. Trade Setup: Entry Point: Consider purchasing gold upon breaching the nearest resistance level. Target Price: Aim slightly above the resistance level, allowing for potential retracement. Stop-Loss: Establish a stop-loss order below the recent price consolidation zone. And: Entry Point: Consider purchasing gold upon bouncing from the nearest support level. Target Price: Aim slightly above the resistance level, allowing for potential retracement. Stop-Loss: Establish a stop-loss order below the recent price consolidation zone. IV. Risk Disclosure: Please note: This is solely a speculative outlook based on current economic developments and does not constitute investment advice. Trading in financial markets carries inherent risks, and past performance is not indicative of future results. Kind regards, Ely
OANDA:XAUUSDLong
by Elysian_Mind
3
Navigating the Potential Approval of a Bitcoin ETFThe ongoing discussions surrounding the potential approval of a Bitcoin Exchange-Traded Fund (ETF) in January by the U.S. Securities and Exchange Commission (SEC) have prompted in-depth conversations within the cryptocurrency community. In this comprehensive analysis, we will explore the different perspectives circulating in the market and highlight recent events that have influenced sentiments. Market Speculation on Bitcoin Price: As the anticipation for the SEC's decision on the Bitcoin ETF grows, market sentiment is at a crossroads. Some investors are echoing the sentiment of "buying the rumor, selling the news," anticipating a potential price drop after the ETF approval. On the flip side, a contrasting view suggests a bullish surge, speculating that the ETF's approval will inject a substantial amount of institutional money into Bitcoin, pushing it towards all-time highs. Recent Market Trends and Liquidations: In the midst of these speculations, recent market trends reveal a substantial wave of liquidations, witnessing over $540 million being liquidated from the crypto market in the past 24 hours alone. What adds a distinctive note to this scenario is the notable insider selling observed in crypto stocks, exemplified by the nearly 20% downturn in NASDAQ:COIN (Coinbase). Intriguingly, this insider activity preceded the broader sell-off in Bitcoin, raising questions about its impact on market sentiment. These developments prompt a reflective pause on whether everything is indeed already priced in, particularly in the aftermath of Bitcoin's impressive 2023 rally. This rally significantly contributed to some of the stock market's most remarkable gains this year. Media Influence and Timing: Amidst the market turbulence, a valuable lesson emerges: caution when the media becomes overly optimistic. The observation that bullish sentiments often coincide with the proliferation of Bitcoin ETF commercials and positive analyst predictions suggests a need for independent thinking amid media influence. Becoming a pessimist when the majority turns optimistic becomes a prudent strategy. Jim Cramer's Take and Media Timing: In a humorous twist, Jim Cramer's historical track record is mentioned. The observation that he tends to be bearish at market bottoms and bullish at the tops serves as a reminder to be cautious about getting advice solely from mainstream media figures. This underlines the significance of not relying solely on talking heads or analysts for investment decisions, as they may be late to recognize market trends. The Power of Fear and Panic: A crucial takeaway from the current market dynamics is the recognition that fear and panic can create opportunities. Amidst uncertainty, adopting a level-headed approach and considering the potential buying opportunities that arise during moments of fear can be a strategic move. ---- As the cryptocurrency community awaits the SEC's decision on the Bitcoin ETF, it's clear that the market is navigating a complex landscape of speculation, liquidations, and media influence. This analysis underscores the importance of maintaining a balanced perspective, being wary of herd mentality, and staying informed about both market dynamics and historical patterns. Regardless of the outcome, the journey through these market fluctuations offers valuable lessons for investors, reinforcing the need for adaptability and independent thinking.
BINANCE:BTCUSD
by Eaglizer
1
Positive signal identified on GT Goodyear Tire & Rubber Company (GT): An Integrated Financial and Technical Perspective Executive Summary: The Goodyear Tire & Rubber Company stock (GT) presents a complex narrative that intertwines progressive corporate strategy with a dynamic technical posture. The company has launched a pivotal transformation initiative, 'Goodyear Forward,' aiming to bolster its fiscal health and market standing. Concurrently, the stock's technical indicators suggest cautious optimism, with specific entry and exit points proposed for strategic trading. Technical Analysis Insights: Our scrutiny of GT's chart reveals substantial volatility, characterized by sharp price ascents and consolidation. Key technical indicators have been evaluated: - Support & Resistance Dynamics: GT is hovering above a solid support level at approximately $14.00, a critical juncture often seen as a market stabilizer. On the flip side, a resistance level looms near $15.00, a threshold historically linked with selling pressure. - Fibonacci Retracement Levels: These levels underscore potential resistance zones. Particularly, the 50% and 61.8% retracement levels, dubbed the 'Golden Ratio,' are pivotal markers that could dictate the stock's trajectory. - Moving Averages Analysis: The short-term trend is gauged via a 5-period SMA, while the long-term trend is assessed through a 200-period SMA. The price's interaction with these averages may signal the trend's vigor or a forthcoming reversal. - Stochastic RSI Indication: Presently in the lower spectrum, the Stochastic RSI intimates an oversold condition, hinting at a prospective price rebound, a detail crucial for traders eyeing entry opportunities. Corporate and Financial Developments: GT's recent announcements and financial outcomes provide a vital context for the technical analysis: 1. Goodyear Forward: This initiative is a strategic leap aimed at refining earnings, augmenting cash flow, and slashing debt, setting GT on a path towards an investment-grade rating. 2. Leadership Transition: The impending retirement of Chairman, CEO, and President Richard J. Kramer in 2024 heralds a potential shift in the company's strategic direction, a factor that requires investor vigilance. 3. Quarterly Financial Performance: The company's Q1 2023 financial results could serve as a barometer for current health and future forecasts. 4. Activist Investor Influence: Elliott Investment Management's stake and its push for board representation have injected optimism into the market, with prognostications of the stock climbing to the $21 to low-$30 bracket. -Integrated Analysis and Strategic Outlook: Incorporating Elliott Investment Management's bullish influence and GT's proactive financial measures, GT stock is anticipated to ascend in the medium to long-term horizon. Nevertheless, technical analysis advises short-term prudence, primarily due to the Stochastic RSI's bearish inclination and the potential uncertainty infused by the CEO's impending departure. Financial conclusion and approach: - Confidence Level: Cautiously Optimistic - Actionable Advice: Maintain a HOLD stance, with a predisposition to BUY on value dips or corroborating positive developments. - Target Entry Point: Seek entry near the lower support zone for an advantageous risk-reward proposition. - Exit Considerations: Aim for exits around the upper resistance level, while remaining attentive to Elliott's sway and strategic alterations, which may necessitate strategy recalibration. Investors are encouraged to persistently monitor GT, particularly for updates related to 'Goodyear Forward,' Elliott Investment Management's exertions, and the leadership transition. These elements are poised to substantially influence GT's market performance.
NASDAQ:GT
by lucasbasoglu
$CRCW Crypto Co. Moves .0008-.018 back to .0016 Ready for Nxt LgAs the price of CRYPTOCAP:BTC continues to rise again the price of OTC:CRCW one of the first crypto companies on the OTC and an OG in the space began moving again. The company, which the CEO purchased 31,000,000 common shares about 2 weeks ago has been quiet for some time but recently began dropping filings again. The anticipation of what could be in store has brought traders back to take another hard look at it. The potential during this next bull run is massive imo. The company which currently has an O/S of 450,000,000 with 67,000,000 restricted as of recently in December and a 12,000,000 float as of March 2023 has never had a R/S in its existence and had one 10:1 Forward Split several years ago, which makes this entire situation even more bullish. Obviously there was some dilution along with the usual traders dumping their loads on the last run, however it seems the dilution has dissipated once again and it is now ready for round 2. PPS goal on this round is to break the last ATH but with a more consistent and steady run up.
OTC:CRCWLong
by StockGuild
KO Buy the Bad News LongKO which as been in an uptrend corrected today due to the news of a 2,000 case recall for a Salmonella infection scare. This is a gram-negative bacteria which causes bloody diarrhea and can lead to sepsis shock and death ( for any with a medical background) The sell off of about 1.5 % was abrupt with high volumes. I see this as a buying opportunity, Moreover on the rebound reversal, those who sold short will be buying to cover to cash out for the end of the week. Others like me will look to add to their existing positions. Overall, a short squeeze could get underway and a momentum pump occur. I see a quick return to the previous price over a week or less. I will add to my significant call option position in KO at a discount. The subtle MACD cross under on the zero lag indicator is a tip off here. For those who like to wait the flip of volatility from selling to buying and then over the moving average line is a secondary reassurane albeit a little late.
NYSE:KOLong
by AwesomeAvani
4
Integrated Analytics 💲 Unveil Dollar TrendsIntegrated Analytics 💲 Unveil Dollar Trends Dear Respected Members, Speculators, and Traders, My AI's advanced pattern recognition detected the green rising channel chart pattern, concealing a potential bearish retracement signaled by the bearish MACD and negative RSI with a bearish cross below. Ensembling predicts a retracement to 103.78, the channel's support. Multiple scenarios may unfold, with DXY rallying to the 104.27 resistance or continuing a bearish trend if the support breaks. News Trading Strategies, aided by AI's Neural Language Processing bots, align with recent reports: Dollar weakens as Fed rate cut view weighs: DXY fell 0.2% to 103.20, anticipating a monthly loss exceeding 3%, attributed to expected Federal Reserve rate cuts. Crack in US dollar strength to spread as economy slows: FX strategists foresee continued dollar weakening amid a slowing US economy, reflecting global concerns (Reuters, Nov 8, 2023). U.S. Dollar Index weakens post 20-year high: A decline of over 8% from its September peak is attributed to factors like a stronger euro and a sluggish US economy (Axios, Dec 9, 2023). These align with sentiment analytics (DSI/DSIE), emphasizing a holistic approach merging AI with news and sentiment tools for enhanced insights. Disclaimer: Not investment advice; analytics for entertainment. Keep speculation separate from investments. Best regards, Ely
TVC:DXYShort
by Elysian_Mind
$ABQQ CEO Buys another 151 Million Commons Now Owns 14% of O/SHello fellow followers I'm back after a Year and a half hiatus! The markets are pumping again finally in the OTC and Crypto and its time to get back to work and make that money! My first long term swing trade is OTC:ABQQ The CEO filed a form 4 today stating he bought an additional 151 Mil commons which puts him owning about 14% of the outstanding commons of OTC:ABQQ which means he's thinking long term and knows what is coming. Best part about all this though is that he cant sell! SEC rule 144: Min 6mths to 1 year for insider transactions or 5%+ ownership filers = The 151M & 225M from October shares are completely LOCKED. Now I can write a 50 page essay with all the DD, but I have other things to do today. Just wanted to update you guys quickly before this thing starts to really take off. Remember $TSNP? Multi-Dollars? Or more recently OTC:CRCW ? 1,000% in a few days? (Although CEO diluted it to shit there.) Same principal here all started with the CEOs buying a ton of supply. However we have a shit ton of DD and news to back it up here as well: investorshub.advfn.com investorshub.advfn.com investorshub.advfn.com investorshub.advfn.com investorshub.advfn.com Visit the above links for more DD! And Happy Trading!!!
OTC:ABQQLong
by StockGuild
Fundamental Shifting of USDJPY's Risk Sentiment Pressures PriceGreetings, Fellow Traders, Technicals and Chart Explanation Indicators Trendline: A trendline is a diagonal line connecting at least two price points, typically peaks or troughs, to determine the overall direction of a trend. In this case, the downward trendline suggests a prevailing bearish trend in USDJPY. Resistance: Resistance is a price level where upward momentum is likely to stall or reverse. In the USDJPY chart, the identified resistance level could act as a barrier for the price to break through, supporting the bearish outlook. Downward Pressure: Downward pressure refers to the selling force driving the price lower. In the USDJPY chart, the repeated instances of price retracing toward the trendline and resistance level indicate ongoing downward pressure from bears. Double Top Pattern: A double top pattern is a bearish reversal pattern formed when the price attempts to break upward twice but fails to surpass a previous resistance level. The double-top pattern observed in the USDJPY chart suggests a potential reversal of the upward trend and a continuation of the bearish trend. Target Zone: A target zone is a price range that a trend is expected to reach based on technical analysis. In this case, the lower target price at $145.16 represents a potential area where the bearish trend could find support. Forecast: A forecast is a prediction about the future movement of a price based on technical analysis and market sentiment. In this instance, the forecast suggests a potential continuation of the bearish trend in USDJPY, with the price potentially reaching the lower target zone. Chart As a discerning observer of market tendencies, I've identified a potential double top pattern on the USDJPY chart, preceding the recent bearish price action that gathered momentum and drove prices towards lower targets. This observable pattern, depicted above the candle formations, harmonizes with the prevailing downward trendline. Repeated instances of downward pressure exerted by bears, symbolized by the red circles, have guided the USD's descent toward this trendline. Currently, I discern a price range confined between resistance and the lower target price of $145.16. Therefore, I anticipate the potential continuation of this bearish trend. News and Fundamental Analytics Japan's Economy Stagnates as Yen Rebounds: Japan's economy, the third-largest in the world, grew at a mere 0.2% annualized rate in the third quarter of 2023, falling short of expectations and indicating signs of stagnation. This subdued economic growth could weigh on the Japanese yen, potentially further weakening USDJPY. US Economy Faces Recession Fears: The US economy has exhibited signs of slowing growth, raising concerns about a potential recession. If economic conditions in the US deteriorate, the dollar could lose its appeal, contributing to a further decline in USDJPY. Geopolitical Tensions Weigh on Risk Sentiment: Geopolitical tensions surrounding the war in Ukraine and other global conflicts have dampened risk appetite among investors. This risk-averse sentiment could drive investors towards safe-haven assets like the yen, further weakening USDJPY. Technical Indicators Signal Bearish Momentum: Technical indicators on the USDJPY chart, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), suggest ongoing bearish momentum. These indicators could provide further confirmation of the downward trend in USDJPY. Please note that these observations are intended for entertainment purposes only and should not be construed as investment advice. It is crucial to conduct thorough research and make informed decisions when managing your investments. Warm regards, Ely
Short
by Elysian_Mind
2
US Dollar Steadies as Market Awaits Economic Data, Yen SoftensIn early European trading, the US dollar steadied near a one-week high against a basket of currencies, holding at 103.559 on the Dollar Index. This stability follows a period of weakness in November, marked by traders anticipating significant rate cuts by the Federal Reserve in the coming year. However, recent actions have seen a shift in sentiment as investors scaled back on dovish expectations, waiting for crucial economic indicators this week, including job openings, ISM services activity data, and the highly anticipated nonfarm payrolls report on Friday. Amid this anticipation, the Japanese yen experienced a slight dip against the dollar, trading at 147.08, influenced by concerns over inflation. Tokyo's Core CPI for November showed a decrease to 2.3%, down from October's 2.7% and below the expected 2.4%. The Bank of Japan remains cautious about tightening its monetary policy despite persistent inflation above the 2% target, citing the need for sustained wage growth for long-term inflation sustainability. The BoJ's upcoming meeting in mid-December will be closely watched for any potential policy shifts. As for the US, focus is on the imminent release of the ISM Services PMI, being for November hovering around 52.7 after October's decline to 51.8. Meanwhile, technical analysis for USD/JPY indicates resistance levels at 148.77 and 147.72, with support at 146.48 and 145.96 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.
Short
by legacyFXofficial
BEAMX: A New Star Emerges, Aiming for New Highs! 🚀💫Today, let's shine a spotlight on BEAMX, an emerging star in the crypto galaxy. Despite being a newcomer, it's showcasing unmistakable bullish vibes, setting its sights on the $0.5 milestone. Join me as we explore the promising trajectory of this budding coin! 🌌📈 BEAMX's Stellar Prelude: Genesis of Optimism: Fresh Arrival: BEAMX has recently entered the crypto scene, but its early performance is signaling a promising journey. Bullish Aspirations: With an ambitious aim, BEAMX is eyeing the $0.5 level, showcasing a bullish inclination from the outset. Breaking Free from the Triangle: Chart Dynamics: BEAMX has gracefully broken free from an ascending triangle, symbolizing a powerful bullish breakout. Imbalance Residue: Leaving a notable imbalance on the 4H timeframe, the stage is set for a potential retest and continuation of the upward momentum. Navigating BEAMX's Cosmic Trajectory: Retest Expectation: Anticipated Move: A retest of the breakout level is on the horizon, presenting an entry opportunity for traders. Strategic Outlook: A successful retest may pave the way for a confident push towards the $0.5 target. BEAMX's Advantage: Early Indicators of Strength: Despite its infancy, BEAMX's bullish demeanor signals early strength, attracting attention from traders seeking new opportunities. Strategic Entry Points: Traders can capitalize on the imminent retest, strategically positioning themselves for potential gains as BEAMX embarks on its upward journey. Conclusion: BEAMX, the rising star in the crypto constellation, is proving that a bold entrance can command attention. Keep a watchful eye on the anticipated retest, as it may unlock a pathway for traders to ride the bullish wave towards the coveted $0.5 milestone. May your trades be as stellar as BEAMX's ascent in the crypto cosmos! ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
XAUUSD US GDP) ANALYSIS🤷hello traders what do you think about this analysis trading ideas 💡😁💡 Gold rallies toward 'golden cross' after defying bearish signal Nov 29, 202316:08 GMT+5 By Myra P. Saefong Precious metal trades near highest since May Gold futures have climbed to their highest prices since May, just eight weeks after a death cross in prices signaled the potential for further weakness. That marks a shift in the market toward a bullish indicator known as a "golden cross," which happens when a short-term moving average climbs past a long-term moving average. Gold futures were on track to soon reach that technical milestone. As of Tuesday, most-active futures (GC00) saw the 50-day moving average at $1,947.82 and its 200-day moving average at $1,952.17, according to Dow Jones Market Data. The December gold futures contract (GCZ23) settled at $2,040 an ounce on Comex, the highest finish since May 9. The gold-backed SPDR Gold Shares exchange-traded fund GLD, however, is much closer to reaching its golden cross. In Tuesday trading, the ETF's 50-day moving average was at $179.70 and its 200-day moving average climbed to $180.12. "Whether or not gold enters the golden cross, the investment case for gold is strong," said Joy Yang, head of product management and marketing at index provider MarketVector.
FOREXCOM:XAUUSDShort
by SMC-Trading-Point