XAUUSD: 2600 support level is in focus, will it hold?Hello all dear XAUUSD traders!
Gold price today is trading at $2,620/ounce, down sharply by $64 from the previous day's opening price of $2,684/ounce.
Gold fell mainly due to the US dollar holding its position at a 4-month high around 105.5 points. In the same view, Daniel Ghali (analyst at TD Securities) agrees that the possibility of high tariffs applied during Donald Trump's presidency and the demand to hold USD are putting pressure on gold prices, as it is also related to the possibility that the US Federal Reserve (FED) may delay cutting interest rates.
Technically, the price is reversing and intends to test the liquidity zones at the bottom...
Emphasis on dynamic support at 2600. A consolidation before a breakdown is forming. If the price breaks this support level, selling pressure may increase. I do not rule out another attempt to retest resistance, say 2680-2685 before continuing lower following the classic structure as mentioned on the chart. Overall, both fundamentally and technically, the market feels in favor of the bears...
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ETHUSDT Aims for New High: Will It Reach Target of 3,974 USDT?Ethereum (ETH) is making waves in the crypto market as it broke out of its long-term consolidation zone, creating a strong uptrend. Currently, ETH is trading around 3,134 USDT, recording impressive growth in recent days.
On the daily chart, we can see that ETH has broken above two important moving averages, the 34-day EMA (purple) and the 89-day EMA (orange), indicating that bullish momentum is taking over.
Using the Fibonacci measurement, if the bullish momentum continues, the Fibonacci retracement levels plotted on the chart show important support levels that ETH could revisit in the event of a short-term correction. Specifically, the levels of 0.5 (2,804.34 USDT) and 0.618 (2,910.69 USDT) are likely to be strong support zones, providing opportunities for investors to buy in with bullish expectations as mentioned on the 1-day chart.
Analysis of SOL/USDT frame 1 hourOn the 1 -hour frame chart of SOL/USDT, the price is moving stably in the price increase channel. Currently, this pair of money has reached an important support area (blue), with two EMA 34 lines (purple) and EMA 89 (orange) are maintaining below, supporting the uptrend.
If SOL is maintained on the support area, it is likely that the price will turn on and continue to increase, towards higher target landmarks in the channel, such as $ 220. This is the potential buying order when the price checks the trend of the channel.
In case the price breaks below this support area, SOL can check lower levels, especially around the EMA 89 in the $ 200 area. However, if the price increase channel is still maintained, the likelihood of turning up will be high.
Proposed trading strategy
Buy (Long): prioritize the purchase order when the price is on the support area and start the signal increasing.
Short -term sale: If the price breaks under the support area and cannot be kept in the channel, it is possible to consider the sale order with the goal near the EMA 89 area.
With the maintenance of EMA and canal structure, the prospect of price increase for SOL is still very positive.
BTCUSDT Technical AnalysisCurrently, BTCUSDT is trading around 81,113 USDT, with a slight bullish bias. On the chart, we can see the 34-day (purple line) and 89-day (orange line) exponential moving averages (EMAs), which act as dynamic support for the price. The price zone between 79,000 and 80,000 is marked as a strong support zone, where the price is likely to retest (pullback) before bouncing up.
If the price stays above this support zone and the 34-day EMA continues to hold, BTC is likely to recover and resume the uptrend, heading towards higher resistance levels around 82,000 – 83,000.
OCGN Ocugen Options Ahead of EarningsIf you haven`t bought OCGN during the Covid pandemic:
Now analyzing the options chain and the chart patterns of OCGN Ocugen prior to the earnings report this week,
I would consider purchasing the 1usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $0.08.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gold Bearish Trend Analysis: New Bottom May Be FormingWelcome to all gold traders!
After a volatile week with a series of news, today's gold price has gradually shown a downward trend. At this time, gold is fluctuating around the 2670 threshold and has not yet found the momentum to escape the downward trend.
Many people must be wondering: Why did the gold price drop so sharply?
Regarding the international market situation:
The main reason for the recent gold sell-off is the strengthening of the USD, which increased sharply after a series of remarkable economic news. In particular, bond yields increased due to concerns about new tax policies and tax cuts that could push inflation back. Investors reacted to the possibility that the Fed would maintain tightening policies for longer, putting great pressure on gold prices.
Gold Technical Analysis and Forecast:
On the technical chart, gold has broken below both the 34-day and 89-day exponential moving averages (EMA), which is a clear signal that the downtrend could continue.
Currently, gold is hovering around the support level of 2665, while the nearest resistance level is at 2680. If the support level of 2665 is broken, there is a high possibility that gold will continue to fall to lower levels, such as the bottom of 2643 and even deeper.
EUR/USD Trend: Possible Deep Drop To 1.0650?EUR/USD remains under pressure and fell to 1.0750 after Thursday’s rally. The main reason for the decline is the recovery of the US dollar and the cautious sentiment weighing on the pair as traders digest Trump’s victory and the Federal Reserve’s monetary policy announcements.
I am currently monitoring EUR/USD on the 1-hour time frame and I see clear bearish signs. In particular, after peaking at 1.08260, the price fell sharply, breaking the 50% and 61.8% Fibonacci levels at 1.07545 and 1.07376. Additionally, the EMA 34 and EMA 89 are pointing to a bearish trend as the short-term moving average (EMA 34) is below the long-term moving average (EMA 89). This is a signal that sellers are in control of the market. If price continues to sustain below the 1.07100 - 1.06830 support zone, I expect the pair to drop to deeper support around 1.0600.
XAUUSD: The Downtrend Is Not Over YetDear Traders!
Today, gold prices fell sharply, ending the week at $2,684, recording a decrease of 0.83%. The rising US dollar, fueled by political uncertainty, put a lot of downward pressure on gold. The shift of investors to riskier assets added to the selling pressure on gold in the market, reinforcing the bearish trend.
Analysis of the 4-hour chart shows that gold prices are currently facing resistance at the important resistance zone of $2,700 - $2,715. The 34 EMA has crossed below the 89 EMA, a sign that sellers are in control. If the price fails to break through this resistance zone and continues to be under pressure, gold is likely to find support at $2,640 - $2,656. In the event that the price drops below $2,640, the short-term bearish outlook will become stronger, with a deeper target in the near term.
EUR/USD: Bears Dominate!The EUR/USD pair remained under bearish pressure for the second consecutive session, hovering around 1.0720 during Monday’s Asian trading hours. The pair was weighed down by a stronger US dollar and political uncertainty in Germany.
As seen on the 1-hour chart, the technical outlook favors continued downside momentum, with a potential target towards support around 1.0688. A rejection of the 1.0742 resistance could confirm this bearish move, creating an opportunity for short positions.
Options Blueprint Series [Basic]: Corn Futures and PPI InsightsIntroduction to Corn Futures Market Sentiment
Corn Futures are capturing the interest of traders as technical indicators and economic fundamentals align in a potential bullish setup. Currently, the Corn Producer Price Index (PPI) shows a Commodity Channel Index (CCI) bullish crossover, indicating a possible uptrend in prices. Corn Futures have followed suit with an earlier CCI bullish crossover, adding strength to the view that Corn prices could see upward momentum in the coming months.
As Corn Futures reflect early signals of a shift in market sentiment, this article explores a straightforward yet effective Bull Call Spread strategy using June 2025 options. By leveraging these CCI signals and key resistance levels, traders could position themselves to benefit from a potential rise in Corn prices while maintaining a controlled risk profile.
Corn Futures Contract Specifications and Margin Requirements
Understanding the specifications of Corn Futures is essential for managing both position size and margin requirements effectively. Here’s a quick breakdown:
Price Tick Size: The minimum fluctuation is 0.0025 cents per bushel, equivalent to $12.50 per tick.
Margin Requirement: Approximately $1,000 per contract, although this can vary based on broker and market conditions.
Analysis of Key Indicators and Market Setup
Two primary indicators support the bullish case for Corn Futures: the CCI bullish crossover in both the Corn Futures and the Corn PPI. The CCI, a momentum-based indicator, identifies potential trend reversals by highlighting overbought and oversold conditions. The recent CCI bullish crossover in Corn Futures suggests early buying pressure, while the subsequent crossover in the Corn PPI confirms this trend on the economic front.
This alignment between technical and economic indicators provides a potentially unique opportunity for options traders to capture potential upward movement, particularly as Corn prices approach critical resistance levels in front of a potential breakout.
Identifying Key Resistance Levels for Corn Futures
Resistance levels play a crucial role in setting realistic targets and managing expectations. In the current Corn Futures landscape, the primary resistance level for the front contract is observed around 550. For our target contract, ZCN2025 (July 2025), this resistance translates to approximately 485 due to the effects of contango/backwardation.
These resistance levels serve as benchmarks for setting exit targets in a Bull Call Spread. If Corn prices rally towards this zone, it could provide a favorable exit opportunity while maintaining a controlled risk-to-reward structure.
The Bull Call Spread Strategy Setup
In this setup, we employ a Bull Call Spread using options with a June 20, 2025, expiration date. This strategy is ideal for capturing moderate upside movement while limiting downside risk through a capped loss. Here’s the specific setup:
Long Position: Buy the 460 Call for a premium of 25.41.
Short Position: Sell the 490 Call for a premium of 15.87.
By buying the 460 Call and simultaneously selling the 490 Call, we establish a Bull Call Spread that allows us to benefit from price increases up to the 490 strike level. This setup reduces the net cost of the trade while capping the profit potential at the 490 strike price, aligning with our outlook based on resistance levels.
Net Premium (Cost): 25.41−15.87=9.54.
Reward-to-Risk Analysis
A Bull Call Spread provides a straightforward way to define both maximum profit and loss at the outset. Here’s a closer look:
Maximum Profit: Achieved if Corn Futures price rises to or above the 490 strike level at expiration = (490−460)−9.54=20.46.
Maximum Loss: Limited to the net premium paid = 9.54.
Breakeven Point: 469.54, calculated by adding the net premium to the 460 strike.
This structure results in a reward-to-risk ratio of approximately 2.14:1.
Forward-Looking Trade Plan and Execution Strategy
This Bull Call Spread strategy is structured with specific entry and exit conditions in mind:
Entry Condition: Triggered once the ZC1! (continuous Corn Futures contract) surpasses the prior month’s high at 434'2. This confirmation aligns the technical breakout with the ongoing bullish trend indicated by the CCI and PPI crossovers.
Target Exit: Based on the resistance level, the target for this trade is 485 on the ZCN2025 contract. Reaching this level would allow for a strategic exit with a maximum profit potential.
Alternative Exit: If Corn Futures prices fail to sustain the breakout or if technical indicators weaken significantly, an early exit can be considered to limit losses or preserve gains.
By setting these clear parameters, the trade plan maintains discipline, helping traders avoid reactive decision-making and align with the predefined strategy.
Risk Management Essentials
Effective risk management is crucial, especially when trading options. Here are some best practices:
Stop-Loss Strategy: For options traders, a stop-loss can be set based on a percentage of the premium paid or by monitoring underlying futures price action.
Position Sizing: Limit the size of the position relative to the account balance to avoid overexposure. This is especially relevant for volatile markets like Corn.
Discipline and Emotional Control: Stick to the plan, avoid emotional reactions to market noise, and adhere to entry and exit conditions.
Risk management ensures that even if the trade does not perform as expected, losses are limited and capital is preserved for future opportunities.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. Also, some of the calculations and analytics used in this article have been derived using the QuikStrike® tool available on the CME Group website.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
USD/JPY: Should We Continue to "Buy" Following the Trend?Today, USD/JPY continued its remarkable rally, reaching 153.63 with a 0.67% increase on the day. This is an important step as the USD regains strength, while the JPY weakens due to political instability in Japan.
Notably, the bullish trend remains intact with two stable EMAs below the candlestick chart, reinforcing the bullish momentum of this currency pair. Personally, Ben, recommends continuing to prioritize the "buy" strategy following the current trend.
What do you think about the future of USD/JPY? Will the price continue to rise or is there a possibility of a bearish reversal? Share your thoughts and trading strategies!
BTCUSDT Explodes After Trump's Victory – Target 100,000 USDT?Dear traders! 🐂
So Trump has won by a landslide, and BTCUSDT has quickly surged to around 75,000 USDT!
Moreover, with the extremely potential "cup and handle" pattern and the signal from the EMA 34/89 reinforcing the buyers, the uptrend is still very strong.
Therefore, if BTC maintains above the support zone, the next explosion could push the price up to 100,000 USDT!
What do you think about this common view?
Bitcoin touches $ 76,000 - next?Bitcoin (BTC) continues to capture investors’ attention as it maintains a stable upward trend. Currently trading around $76,226, BTC has seen a 1.96% increase in recent sessions. This growth is supported by positive technical indicators and a favorable market environment, leading many investors to believe Bitcoin could reach the $80,000 mark in the near term. But what are the key factors influencing BTC’s price, and what strategies are suitable in this current market context?
News Impacting BTC's Price
Growth in the U.S. Stock Market: Following Donald Trump’s recent election victory, the U.S. stock market has surged, fostering a positive investor sentiment. This optimistic outlook has spilled over into the crypto market, with Bitcoin benefiting from an influx of enthusiastic investments.
Increased Institutional Interest: Large financial institutions are continuously pouring capital into Bitcoin, viewing it as a hedge against inflation and a diversification asset. These organizations see Bitcoin as part of their defensive strategy against inflation, reinforcing the cryptocurrency’s upward momentum.
BTCUSD’s New Prospects
BTCUSD's technical chart indicates promising growth potential, especially if the price sustains above key Fibonacci support levels. Investors should closely monitor the Support 1 zone and the $77,003 resistance level to seize opportunities when the trend is confirmed. If BTCUSD breaks through this resistance, it could continue its rally toward the $82,078 area, offering an attractive profit opportunity.
Overcoming resistance, Bitcoin faces the risk of discountBitcoin (BTC) has adjusted after a recent strong increase, currently trading around US $ 76,300, down 0.27% in the day.
On the 4 -hour chart, although the increasing trend is still supported and parallel price channels have been broken, there are signs that show a potential peak about 77,000. The current support level is about 74,727 USD. If this level is surpassed, it can cause BTC to decrease deeper, capable of reaching $ 72,646.
EURUSD has a strong selling pressure - clear signs of discountThe EUR/USD pair dropped to nearly 1,0780 in the context of the demand for US dollars increased again on Friday during Asian trading hours. In addition, the proposal to increase tax by Donald Trump put pressure on Euro compared to the US dollar.
Ben personally predicts that, without unexpected breakthroughs, EURUSD will likely turn to an important support area of 1,0720 - 1,0740. In addition, technical indicators are not very satisfactory when the EMA 34 and EMA 89 are creating additional resistance right above the current price, increasing the pressure to decrease for Eurusd. With this situation, the market is more likely to have an EURUSD will have a deeper decline.
Opening (IRA): SPY November 15th 501 Covered Call... for a 497.51 debit.
Comments: Re-upping at a strike that is a smidge higher than what I just took profit on, looking to eek out just a smidge more out of November without taking on a huge amount of additional risk ... .
Buying Power Effect/Break Even: 497.51
Max Profit: 3.49
ROC at Max: .70%
50% Max: 1.75
ROC at 50% Max: .35%
Opening (IRA): IWM Nov 15th 194 Covered Call... for a 192.28 debit.
Comments: Re-upping with a monied covered call in November with a strike that is slightly higher than what I previously had on at the 193. (See Post Below). Just looking to get a little more out of the November cycle before moving onto December without taking on a ton of additional risk ... .
Metrics:
Buying Power Effect/Break Even: 192.28
Max Profit: 1.72
ROC at Max: .89%
50% Max: .81
ROC at 50% Max: .45%
Opening (IRA): TQQQ August 16th 73 Monied Covered Call... for a 70.80 debit.
Comments: High IV at 55%. Buying a one lot and selling a -75 call against in the August 16th monthly to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. I looked at doing something in the 45 DTE wheelhouse, which would be the August 30th expiry, but it was less liquid than the monthly, so opted to go shorter duration, with the plan being to roll out to the September monthly should we get further weakness and/or a test of 73. Otherwise, I'll look to just take profit at my standard 50% max.
Metrics:
Buying Power Effect/Break Even: 70.80
Max Profit: 2.20
ROC at Max: 3.11%
50% Max: 1.10
ROC at 50% Max: 1.55%
USDJPY rises sharply, supported by rising channel !USDJPY is showing significant upside momentum today, trading firmly within a well-defined bullish channel on the 4-hour chart and currently trading at 153.89. This bullish move reflects a stronger USD influence, fueled by recent events surrounding former President Donald Trump.
Despite the steady push from technical factors, USDJPY may face resistance near 154.00. This area may act as a short-term hurdle, as the pair’s upside momentum may slow down once it reaches this level. A minor pullback within the channel is expected, which would help confirm the ongoing trend. This pullback could take USDJPY down to the support zone around 153.000, testing both the 34 and 89 EMAs for further strength.
If the pullback is successful, USDJPY is expected to continue its upward trajectory, heading towards the upper boundary of the channel. The next important resistance zone lies above 156,000, which aligns with the top of the channel, representing a crucial level to watch for further gains.
"BTCUSDT Aiming for 82,000 USDT ResistanceCurrently, BTCUSDT is trading within a very solid long-term price channel. With the current price fluctuating around 75,672 USDT and showing minimal change compared to yesterday, the bullish momentum remains strong.
It is anticipated that BTCUSDT could soon progress toward the potential resistance level of around 82,000 USDT at the upper boundary of the price channel.
Ethusdt broke the channel, towards the new peak?Currently, Ethusdt is having a spectacular breaking out of a long decrease channel, signaling the potential to reverse the trend of increasing. After Breakout from the upper border of the channel, the price of ETH has increased sharply and is currently fluctuating around 2,908 USDT.
With the current motivation, Ethusdt can target higher levels around US $ 3,100 in the short term. This is a potential goal if ETH continues to maintain a strong increase.
XAUUSD: Buyers Dominate!Dear traders!
Today, gold prices have made an impressive recovery, rising more than $48.4 to $2,708.8/ounce, marking a strong move with an increase of more than 1%. This recovery is reinforced by the weakness of the US dollar, along with the news that the Federal Reserve is expected to cut interest rates by 0.25% this Thursday. Although future interest rate cuts may face challenges if former President Trump returns, this trend opens up many positive opportunities for gold in the short term.
As seen from the 1-hour chart, the uptrend is forming and is being consolidated after the correction. In addition, the current gold price is reacting at the support zone of the two EMAs (34 and 89), creating a notable area. Therefore, Victor personally appreciates that based on the current momentum, if the price breaks the short-term resistance level near $2,710, the possibility of gold prices continuing to increase to higher levels in the coming time is high.
At the time of writing, the realization phase is forming, Victor is waiting for confirmation with the aim of strengthening further.
ETHUSDT: Promising Growth Potential!ETHUSDT is currently maintaining a strong uptrend, hovering around 2840 USDT, up more than 4.44% on the day! Notably, the Flag in Uptrend pattern is forming on the chart, signaling a great growth opportunity.
Upcoming Targets: The first target will be the resistance zone of 3400 USDT, and if the bullish momentum holds, ETH may reach 4500 USDT!
Do you think ETH will conquer these heights? Leave your comments below! Happy trading!