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Gold: Uptrend to continue from 2650...Hello everyone, Tom here! As I predicted earlier, gold is becoming more attractive after the dollar entered a consolidation phase... currently at $2657. Accordingly, expectations of additional stimulus measures from China also supported the growth of the metal's price. The focus this week remains on the Fed's speech after signals that tensions in the Middle East are easing a bit. From a technical perspective, gold investors need to watch the range around $2650. Because Since the opening of the session, the price has increased quite strongly, which increases the resistance to stop this increase at the next resistance level. I am assuming its formation With wave 5 and the priority is to target profit taking at 2685 - 2700 respectively.
OANDA:XAUUSDLong
by TomtradeFX
2
Bitcoin / USDT _ Distribution _ Prices (+) _ DescendingBitcoin / USDT _ Distribution _ Prices (+) _ Descending (Drop _ Period) _ Under _ Trading _ Venue _ Binance. Lets find out: Next distribution price: Drop to the key level of $91,739.37 ( It may go to $101,101.07 first) ______________________ After the Retest ( Drop) Next price = $117,971.61 _______________________ From $117,971.61 it will drop to the 2 key level, (1) $81,708.62 (2) 74,786.07 _____________________ Then we will be expecting the following Distribution price, most likely during 2025 period! _____________________ $119,508.80 $122,206.63 $123,092.34 $152,133.66 $176,131.61
by Skill-Knowledge-Conduct
Solana eyes $261.60: descending triangle pattern in playSolana has triggered a descending triangle pattern with a target of $261.60 per coin. If the price reaches the breakout point of the pattern at $243 per coin, buyers are likely to step in and support the price. The pattern will remain valid as long as the price stays above $235. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:SOLUSDLong
by ThinkMarkets
Nasdaq: Gains Driven by Data, Eyes on Key Events Next Week Nasdaq: Gains Driven by Data, Eyes on Key Events Next Week The Nasdaq ended the week on a positive note, buoyed by strong economic data, robust corporate earnings, and supportive seasonality. However, investors are shifting their focus to critical upcoming events: the FOMC meeting on Tuesday and the PCE inflation report on Wednesday. These events have the potential to set the tone for the markets for the remainder of the year. Mixed Economic Data The past week brought a blend of economic data, with some encouraging signals and a few disappointments: - Initial Jobless Claims (Nov. 16): At 213K, the result came in better than the 220K consensus, underscoring the resilience of the labor market and reducing recession fears. - Philadelphia Fed Manufacturing Index (Nov.): Disappointed at -5.5 against expectations of 8, reflecting continued weakness in the manufacturing sector. - Michigan Consumer Sentiment Final (Nov.): Came in at 71.8, below the 73.7 forecast, indicating a slight dip in consumer confidence. - S&P Global Services PMI Flash (Nov.): Surprised to the upside with a reading of 57.0, exceeding the expected 55.2, highlighting the strength of the services sector. Nvidia Shines Bright Corporate earnings added to the bullish sentiment, led by Nvidia's impressive Q3 results. The company reported revenue of 35.08 billion dollars, significantly above the consensus estimate of 33.17 billion dollars. As a leader in AI-related technology and semiconductors, Nvidia's results lifted the broader tech sector and contributed to Nasdaq's gains. Market Sentiment and Seasonality The Fear & Greed Index currently stands at 61, in the "Greed" zone, indicating a risk-on environment as investors show confidence in equities. Seasonality also plays a crucial role. Historically, Nasdaq benefits from end-of-year trends, especially in an election year, when policymakers often aim to maintain market stability. Challenges Ahead While the current momentum is positive, the market faces significant tests next week with two major events: 1. FOMC Meeting (Tuesday): The Federal Reserve’s policy decisions and commentary will be in the spotlight. Investors will look for signals on whether the Fed plans to pause or keep the door open for further rate hikes in 2024. 2. PCE Inflation Report (Wednesday): The core PCE inflation data, the Fed's preferred measure of price pressures, could shape expectations for monetary policy. A higher-than-expected reading might increase concerns about further tightening, while a lower figure would reinforce the soft landing narrative. Lingering Risks In addition to the upcoming macroeconomic events, investors remain wary of: - Trade Policy: Former President Donald Trump’s proposed tariffs on imported goods could stoke inflation and weigh on economic growth. - Geopolitics: The ongoing risk of escalation in the Ukraine conflict continues to loom over global markets. Soft Landing: The Baseline Scenario Looking at the current data, the Nasdaq appears to be on the path to a soft landing, supported by a strong labor market and robust technology sector performance. Favorable seasonality—both year-end trends and election-year dynamics—further bolsters the case for continued gains, which remains the baseline scenario for now. Conclusion The Nasdaq has shown strength, but next week’s FOMC meeting and PCE inflation report could reshape market dynamics. The key question is whether the data will support the soft landing narrative or signal a need for further monetary tightening. What are your thoughts on the Nasdaq’s outlook given the upcoming Fed meeting and inflation data? Will the index sustain its rally, or are we in for increased volatility? Share your insights in the comments.
CAPITALCOM:US100Long
by InvestMate
XAU ! Nov 22 ! strong resistance 2710XAU / USD trend forecast November 22, 2024 Escalating Russia-Ukraine tensions continue to fuel safe-haven demand, propelling Gold prices higher for the fifth consecutive day on Friday, even amid a strong US Dollar. In response to Ukraine's deployment of US- and UK-supplied missiles in strikes on Russian territory, Russian forces launched a new intermediate-range ballistic missile targeting Ukraine. Recovery continues, strong resistance 2710 will wait for gold price to reach /// SELL XAU : zone 2708-2710 SL: 2716 TP: 50 - 150 - 300pips (2680) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
3
GBPCAD I Potential long from bottom of the channel Welcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
GOLD IS STILL BULLISH hello guys as you can see gold is in an uptrend . after breaking above ma200 and fix it went up to 2672 2672 is strong resistance if price break out this level can go up to my targets Gold has been bullish over the past few days due to several fundamental factors: 1. Expectations of Lower Interest Rates by the Federal Reserve: Recent U.S. economic data, such as easing inflation and weaker growth indicators, suggest that the Fed may pause or even consider cutting interest rates. Lower rates benefit gold because it reduces the opportunity cost of holding non-yielding assets like gold. 2. Geopolitical Tensions: Ongoing geopolitical issues, such as conflicts in the Middle East or global uncertainties, have increased demand for safe-haven assets like gold. Investors tend to flock to gold during times of fear or uncertainty. 3. Weaker U.S. Dollar: The U.S. dollar has shown some weakness recently, making gold more attractive to buyers in other currencies. A weaker dollar generally supports gold prices. 4. Seasonal Demand and Central Bank Purchases: Central banks, especially in countries like China and India, continue to increase their gold reserves, providing strong support for gold prices. Additionally, seasonal demand for gold in certain markets may be playing a role
OANDA:XAUUSDLong
by Lady_scalper
LINK is Poised for a Massive Move—Are You Ready?Yello, Paradisers! Is #LINK about to explode? Let’s dive into the charts and break it all down. 💎#LINKUSDT has finally broken out of a months-long descending resistance, reclaiming a key level and reigniting bullish momentum. Price is aiming for the strong resistance range at $17.50–$18.80. This zone will be critical, as it could trigger some short-term profit-taking before the next potential move. 💎If bulls can maintain their strength and momentum remains intact, LINK could aim for a much bigger move toward the 52-week highs at $21.80–$22.80. This would mark a significant achievement and become the key target over the coming days. 💎However, for LINK it has strong support presence at $13.00–$12.50 zone. This region will contain any short-terms pullbacks. 💎Adding to the optimism, LINK is rapidly approaching a golden cross on the daily timeframe, as the 50 and 200 exponential moving averages (EMAs) converge. This bullish formation often signals a substantial move to the upside, further supporting the current bullish momentum. As always, patience and discipline are key, Paradisers. Stay focused on the levels, avoid emotional decisions, and stick to your strategy. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
The Pound’s Downward Spiral: Are Bears Calling the Shots?Ah, the British Pound versus the mighty US Dollar. A tale as old as time, or at least as old as the forex market. Lately, though, it seems like the Pound is auditioning for the next big bear market. Grab your tea (or coffee if you’ve gone full American), and let’s dive into why GBP/USD might be heading south faster than you can say " Brexit chaos. " 🏴‍☠️ 1. Fibonacci Says: 'Resistance is Futile!' 🧮✨ First off, let’s talk about Fibonacci retracement. If you’re not familiar, it’s like the "Instagram filter" for price action—bringing clarity to an otherwise messy picture. Right now, the GBP/USD is dancing precariously around the 50% retracement level at 1.24376. But here’s the kicker: the Pound has already given us the cold shoulder at 1.27573 (the golden 61.8% retracement). Think of it like an ex texting "I’ve changed" and then ghosting you again. Classic. 📵 Unless GBP/USD can reclaim these levels, it’s giving major "let’s break down" vibes. 🚨 2. Descending Triangle of Doom ⚠️🔺 Triangles in forex can mean two things: continuation or reversal. This one? A big ol’ descending triangle, aka the bearish powerhouse. Lower highs are stacking up like unfulfilled New Year’s resolutions, and price action is squished tighter than a London Tube during rush hour. 🐜 The triangle breakdown looks inevitable, and when it does, it might not just be a stumble—it’ll be a swan dive into bearish waters. 🏊‍♂️💦 Target? Let’s just say 1.18379 and 1.12692 are waving hello from below. 👋 3. RSI: 'Oversold? Hold My Tea!' ☕📊 The RSI indicator is hovering dangerously close to oversold territory (around 30), whispering, "Hey, maybe the bears need a breather?" But don’t let it fool you. This isn’t a reason to buy blindly—it’s like seeing dark clouds and hoping for a rainbow instead of a thunderstorm. 🌈⚡ Unless the RSI shows a clear divergence (spoiler: it doesn’t), the downtrend could easily keep rolling like a snowball turning into an avalanche. ❄️⛰️ 4. Support Levels: The Bear’s Playground 🐻🎢 Looking ahead, the key support zones are sitting pretty at: 1.18379 (38.2% Fib): A potential pit stop. 1.12692 (23.6% Fib): Bears are probably circling this like vultures. 🦅 If you’re bullish, it’s time to sit tight. And if you’re bearish, you’re probably popping champagne already. 🍾 What Could Go Right? (AKA, the Bullish Plot Twist) 🐂✨ Okay, let’s not totally rule out the bullish counterattack. If the Pound miraculously pushes back above 1.27573 (the golden retracement), the bears might pack up and head for hibernation. But that’s a big if—like "the UK rejoining the EU" levels of unlikely. 😅 Conclusion: Will the Pound Pound Lower? 🥊📉 The stars—or in this case, Fibonacci levels and triangle patterns—are aligning for a bearish continuation. GBP/USD is looking more like a short than a "diamond in the rough." Unless it stages an Oscar-worthy comeback above 1.27573, this currency pair is poised to fall faster than a bad political speech. 🎭🎤 Bearish Action Plan 🐻📌 Wait for the triangle to break down: Confirmation is key—no guessing games here. Target 1.18379 and 1.12692: These levels are your guiding stars. Stop losses above 1.27573: Let’s not fight the inevitable if the bulls wake up. So, are you ready to ride the bear? Or are you hoping for a bull to save the day? Let me know below—because as we all know, trading is 90% strategy and 10% memes. 😜📈
Short
by EdgeDotForex
NYSE:MU - ELLIOTT WAVE ANALYSIS: 22 NOV, 2024 - BULLISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M. I see that an ABC-grey probably just completed recently at the 84.12 low, and the corrective waves are followed by motive waves, so I expect a much higher push in this stock. Looking closer, I see that the 1-grey and 2-grey waves just completed at 95.53 and it looks like the 3-grey wave is unfolding. It is subdividing into ((i)),((ii))-navy. And after the ((ii))-navy wave is over, we can go long towards the ((iii))-navy wave. While price must remain above 95.53 to maintain this view. Key point: Wave B of wave ((ii))-navy.
NASDAQ:MULong
by ShaneHua
Alikze »» TAO | Scenario 3 or C bullish - 1D🔍 Technical analysis: Scenario 3 or C bullish - 1D - In the analysis presented in the previous post on the daily time frame, it was noted that the BINANCE:TAOUSDT AI in the supply zone can have two movement paths. - Considering that the movement cycle in the supply zone ended and had a correction to the green box area. - Considering the correction in the green box area and the creation of demand in the range, therefore, the previous movement cycle can be considered as wave 1 and the correction in the green box area as wave 2. 💎So with the recent zigzag correction, the BINANCE:TAOUSDT currency can have a movement cycle in the form of wave 3 or C of the bullish super cycle. 💎Considering the behavior and structure of the movement, it is in wave 3 or C of the bullish. ⚠️ In addition, if the price touches the Invalidation LVL area, the bullish scenario is invalidated, the chart should be reviewed and updated again.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze