No false-break upwards here in Gold-It's moving up fast
Gold and Silver had a healthy downwards correction from what I understand.
A few nervous Gold-holders after Donald Trump's re-election.
But there is much more to the story for gold prices to go higher.
I see the intraday charts looking bullish for silver and gold today, as momentum is shifting back to the upside.
Wait and see what the Economic News tells us before rushing to go Long
Economic data just released was probably more in favour of the USD, but I note it was a mixed-bag release and in some ways favouring Gold price. Gold price has shrugged off the data it seems.
Community ideas
NEIROETH LOOKS BULLISH (NEW UPDATE)This analysis is an update of the analysis you see in the "Related publications" section
This meme coin is risky and has a lot of volatility
The supply zone specified in the previous analysis rejected the price more than 20% last time
But now with the good news we have for crypto and the state of major indexes, it seems that this scenario is happening.
We have an ABC where wave B was a diametric that ended.
The wave B trend line has been broken and the price is retesting this trend line.
By maintaining the green range, it can move towards the targets.
The red box range is a strong and important supply.
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Not and a potential long trendIt seems that the bull market just started and I have this scenario for NOT in a 1 hour time frame, what do you guys think? The price started to raise from a double bottom pattern, the 20, 50 and 100 emas crossed each other from the bottom to top indicating an uptrend, besides the prices has started to range in the fibo level of 50% and also I can see a bullish candle. I draw Elliot Waves that are clearly formed but as always the market is unpredictable so what do you think of this analysis? Do you agree? Let me see your comments but please be kind hehehe
Maker (MKR) To the MoonMKR has successfully broken out of the bearish falling wedge pattern, signaling a positive outlook for a bullish movement. However, it’s important to note that MKR is currently at its first resistance level at 1,509. Considering that Bitcoin is also at a resistance point, there is a possibility of a correction toward the bullish trendline at 1,262 before continuing its upward trend to 1,727.
This analysis will be updated if new key levels are identified. Thank you.
NIFTY MIDCAP S/R for 8/11/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
FANTOM (FTMUSDT) Surges with Lucrative Long Trade Setup!FANTOM (FTMUSDT) Analysis:
On the 1-hour timeframe, FANTOM (FTMUSDT) has confirmed a clear long entry at 0.6428, indicating strong bullish momentum. The targets appear promising as price action continues to align with the upward trend, potentially unlocking significant profits.
Trade Summary:
Entry Level: 0.6428
FANTOM Target Levels:
TP1: 0.7131
TP2: 0.8268
TP3: 0.9406
TP4: 1.0108
Stop Loss: 0.5860
Leveraging the Risological Dotted Trendline, this setup highlights FTM’s strong upward potential. Keep an eye on this for a steady climb toward the targets!
GBPCAD BULISHor a bullish trade on GBPCAD, here’s an explanation of targeting the 61.8% Fibonacci level for take profit, or aiming for a full retracement to 1 (or 100%).
61.8% Fibonacci Level as Take Profit:
When prices are moving upward and you’re looking for a take-profit zone, the 61.8% Fibonacci retracement level often serves as a strong resistance area within a retracement move.
In a bullish context, if price hits the 61.8% level and shows signs of stalling, it may be an optimal spot to take profit. Many traders use this level as a key decision point because it often represents a deeper pullback where sellers might re-enter, or where the bullish move might exhaust temporarily.
100% (or "1") Retracement Level:
If your outlook is more aggressively bullish, you might aim for a complete retracement back to the previous high, or 100%. This "1" level (representing the full retracement) would indicate that GBPCAD has completely reversed any previous pullback and resumed its full upward momentum.
In practical terms, this can signal strong buyer control and confidence, as prices have returned to their prior highs, indicating the possibility of either consolidation at these levels or further bullish continuation.
Falling towards 50% Fibonacci support?The Swissie (USD/CHF) is falling towards the pivot which has been identified as a pullback support that lines up with the 50% Fibonacci retracement and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 0.8701
1st Support: 0.8634
1st Resistance: 0.8774
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EUR/USD: Potential Decline Amidst US Dollar Strength and Econ...EUR/USD: Potential Decline Amidst US Dollar Strength and Economic Developments
As we delve into the forex markets, one of the most watched currency pairs, EUR/USD, is facing mounting pressures that could lead to further depreciation of the euro against the US dollar. A confluence of economic indicators, political shifts, and technical analysis suggests that the outlook for the euro may not be optimistic in the near term.
US Dollar: Strength from Political Winds
Recent trade activity surrounding the US dollar has gained traction, particularly as the Republican Party appears positioned to exercise substantial influence over the economic agenda. With a focus on implementing expansive tax cuts and trimming government spending, the potential for an invigorated US economy grows. This could lead to increased investor confidence in the greenback, bolstering demand and ultimately driving the EUR/USD pair lower.
Moreover, support for the US dollar may be further fortified by upcoming economic announcements. Today's schedule is packed with significant economic data, including the unemployment claims, the Federal Funds Rate decision, the FOMC Statement, and the FOMC Press Conference. Each of these factors will provide insight into the health of the US economy and the potential direction of monetary policy, likely impacting the dollar's trajectory.
Impact of Trump Tariffs on Europe
The economic climate in Europe could face challenges as the repercussions of Trump-era tariffs continue to reverberate. Concerns regarding sluggish growth rates in key Eurozone economies may prompt the European Central Bank (ECB) to adopt an even more accommodative stance. Analysts speculate that the ECB could consider cutting interest rates to near zero by 2025 if economic expansion remains tepid. Such a move would further weigh on the euro, making it less attractive to investors compared to a potentially rising dollar.
Technical Analysis: Possible Demand Area
From a technical perspective, the EUR/USD pair appears to be approaching another critical demand area. Recent Commitment of Traders (COT) data highlights a contrasting sentiment in the market, with retail traders predominantly holding bearish positions, while "smart money" seems to be accumulating long positions. This divergence can be a strong indicator of upcoming price movements.
Analysis of the daily footprint suggests that the price has recently reached and confirmed this demand zone, which may provide a potential reversal opportunity. In line with seasonal forecasting, traders may want to keep an eye on historical patterns that indicate a possible bullish surge.
Daily Footprint 6E1!
Crafting a Trading Plan
Given the myriad of factors at play, traders should align their strategies with their trading rules and risk tolerance. As the economic landscape evolves, the decisions made in the coming days and weeks will be crucial.
Monitor Economic Data: Pay close attention to today's economic releases. Positive data could further bolster the USD, while any sign of weakness in the Eurozone could hasten the depreciation of the euro.
Watch Technical Indicators: Keep an eye on key support and resistance levels. A sustained move below the current demand area could signal a bearish continuation.
Consider Seasonal Trends: Be aware of seasonal patterns that might indicate a potential bullish retracement. Market dynamics can shift quickly, so having a flexible plan is essential.
In conclusion, while the EUR/USD pair is currently under pressure, the interplay between political developments, economic indicators, and technical signals may create opportunities for discerning traders. Staying informed and adaptable is key as the market navigates through this evolving landscape.
Previous Idea closed:
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BTCUSD Defying a further pullback. Too bullish at Mid 75k
Bitcoin BTCUSD took a normal day of retracement in earlier trading (Asian & Europe Session), but it's recently made a move upwards, which prompted me to check the intraday charts and it looks like the climb will continue today. Mainly on momentum the past couple of days and of course there is that break of the March high, which reminds the pullback earlier today was probably to test this break of a previous high by new price.
AMC: Unveiling a 400% Surge – From Correction to SkyrocketingAt Vital Direction, we’re observing a fascinating setup with AMC Entertainment Holdings (AMC). After establishing what we see as a crucial bottom around the $2.40 mark, AMC staged a remarkable rally to roughly $12, sparking considerable interest among investors. Since reaching this peak, the stock has entered a challenging corrective phase, which we interpret as part of a complex WXY corrective pattern.
In our analysis, the corrective phase’s X wave forms a triangle, containing a detailed ABCDE structure. Within the triangle, we’ve identified an additional layer: the E wave itself unfolds into another ABCDE triangle, reinforcing the complexity of the pattern. We believe these triangles have completed, and the final Y wave concluded around $4.03. Given this setup, the stage may be set for a robust upward move.
From a technical perspective, we anticipate a powerful rally that could break through the $12 level, potentially reaching $20 or higher. This bullish outlook aligns with Elliott Wave principles, indicating that after complex corrections, impulsive waves often follow, driving prices upward. However, if the price retraces and touches the $4.03 level again, the likelihood of further downside increases, rendering our current bullish analysis invalid for now.
As always, we advise caution and a structured approach to any entry points, supported by sound technical analysis.
Nas100 - 15 min ( Best Key level's Buy / Sell After Break 💎 NAS100
Time Frame : 15min Chart
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🔻 Type :intraday
🚨Bullish After Break Out key level + High Volume / 20660 Area
🚨Bearish After Break Out key level + High Volume / 20550 Area
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☑️Great opportunity now
Please check the drawing carefully and all the reasons for entry and exit are shown in the analysis
If the analysis does not agree with you, please do not take it
This is a personal vision that reflects my practical way
good luck for everybody
And we strive to provide the best opportunities and develop your money
Please apply good capital management
$QQQ: The election is over, here is where the markets are going NASDAQ:QQQ NASDAQ:NDX
The charts say we are in a FULL on BULL RUN!
Cup n Handle Measure Move hasn't hit yet at $560, the measure time is out until Feb2026.
Ascending Triangle Breakout is happening now with a measure move to $580 by March2025.
Also, a #HIGHFIVESETUP and why I pointed out that we would bounce on Halloween and hit ATH's this week.
Like and Follow for more setups, we are just getting started.
NFA
#trading
Tesla’s Power Move: $300 Broken, $322 in SightUpdate:
Good morning, trading family. It’s your guide, Mindbloome Trader, here to remind you to trade what you see.
Tesla has broken through $300 and is holding strong. If it keeps this momentum, $322 is a realistic target. However, if it slips below $300, it could just be pausing before its next move.
Stay patient, follow the trend, and trust the process. Let the market show you the way.
Mindbloome Trading/ Kris
Trade What You See
BTC - Market Structure 101!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
The BTC market structure has been very clean lately, which I find interesting.
📉Previously, after breaking below the last major lows (marked in red), BTC dipped.
📈Similarly, after breaking above the last major highs (marked in blue), BTC surged.
🔄If history repeats itself, and the current last major low marked in red is broken to the downside, we can expect another dip in BTC towards the $69,000 - $70,000 demand zone.
Meanwhile, as long as the current minor low in red holds, BTC would be overall bullish short-term and further upside is expected.
🕝What do you think?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Gold Where to?Hello Dear Traders.
Thought to share you these Charts for Gold
Gold Prices Reversed from 2790 Presented by Level 900
Gann Square of 9 Levels Exactly at a reversal From Starting Bottom.
all Trends/Lines Here Works and Respected As Support/Resistance
Take Decisions Based on Price action around them.
Observe The Following..
Gann Star
Jinny Gann Grid:
Grid Halved 1st Half:
Grid Halved 2nd Half:
Jinny Gann Fans:
Produced By Jinny Gann Ar
Wish You Best of Luck