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A touch of Sweetness...Alohaaaah! to All my beloved Kama'āina out There! This one, was picked Especially for you Very *affordable* to get a "slice" of the Action!! It just Emerged from its trendline/ moving average. Buying interest increasing What does the Trend look like, to you ? Big Picture? May be coming back from the wildfire calamity perhaps. Remember- When life gives you pineapples just add rum. Why did the pineapple go to the doctor? It wasn’t peeling well How does a pineapple answer the phone? “Yellow!” Why did the pineapple join the gym? To work on its core! Let's make some $'s. And, again "Aloha," (Aloha means both hello and goodbye when you're bidding farewell".
NYSE:MLPLong
by sofearnot
1
Gold Trading Strategy: A Professional Approach to XAUUSD 👀 👉 This comprehensive video presents a sophisticated trading plan for the XAUUSD (Gold/US Dollar) market, designed to maximize profitability through a structured approach. We delve into crucial aspects of technical analysis and leverage TradingView's advanced tools to gain a competitive edge in the markets. Key topics covered include: 1. Trend identification and analysis 2. Entry and exit criteria 3. Market overextension assessment 4. Discount entry strategies aligned with institutional positioning 5. Higher timeframe trend analysis combined with 4-hour chart entry points 6. Price action and market structure interpretation Our methodology emphasizes the importance of avoiding premium entries in bullish markets and instead focuses on identifying optimal discount entry opportunities. By aligning our strategy with institutional movements, we aim to enhance the probability of successful trades. The video provides a detailed exploration of various technical analysis components, including: - Trend analysis techniques - Market structure interpretation - Price action patterns - Overextension indicators - Traded Volume indicators - Multi-timeframe analysis (higher timeframe trend combined with 4-hour chart entries) This comprehensive approach to XAUUSD trading is designed to equip traders with the tools and knowledge necessary to navigate the gold market effectively and potentially increase their trading success. Disclaimer: Trading in financial markets carries a high level of risk and may not be suitable for all investors. The information provided in this video is for educational purposes only and should not be construed as financial advice. Past performance is not indicative of future results. Always conduct your own research and consider your financial situation before making any investment decisions. Trade responsibly and use proper risk management techniques. 📉✅
Editors' picks
FX:XAUUSDEducation
by tradingwithanthony
17
Market Insights: Navigating Bitcoin and DYDX📅 Let's dive into today's analysis. The market continues to range, and Bitcoin had a fake breakout yesterday, returning to its range box. Today, it might finally find a suitable condition for a long position. Today's altcoin focus is DYDX, which presents a good shorting opportunity. 👑 Bitcoin Analysis 🔄 As usual, I'm analyzing Bitcoin in the 1-hour timeframe. We had a short entry trigger at 60718, but after breaking this level, the price couldn't continue its downtrend and returned to its range box. If you entered on very low timeframes like 15 minutes, you probably hit a risk-to-reward ratio of 2 and hit your target. However, if you entered in the 1-hour timeframe like me, you would have hit your stop loss, which happened to me as well. 🔍 Now, let's find today's trading triggers. After the fake breakout, we can say the first sign of buyers entering the market was seen. However, it's Saturday, and the volume is very low, so we can't say that buyers are showing a weak trend. I think it's better to stay away from the market today and tomorrow due to low volume, but we should check the market every few hours because we might miss a sharp move. 📈 For a long position, I personally will wait for the 62168 trigger, as it will likely take some time for the price to reach it. By then, the weekend will be over, and the market will have more logical volume. If the trigger breaks quickly before the weekend ends, we can conclude the market has momentum, making it viable to open a position. 📉 For a short position, 60718 is still suitable, but if the price revisits and reacts to this level again, it will be even more suitable for a short. I'm not focusing much on Bitcoin short positions because DYDX has a better trigger for shorting today compared to Bitcoin. 💱 DYDX Analysis 🗂 Let's move on to DYDX. There's no need to explain the project in detail because I covered it fully in previous analyses. However, to give a brief summary, DYDX is a decentralized platform where you can open positions. For more details, you can check out past analyses. If you want a comprehensive analysis of DYDX covering all timeframes and a detailed project explanation, let me know in the comments, and I'll do that for you. 🔍 In the 4-hour timeframe, as you can see, there's a downtrend starting from the break of 1.935 down to 1.306. Drawing a Fibonacci retracement, we see it corrected up to 0.382 and formed a range box between 1.1306 and 1.505. On a smaller scale, there's a smaller range box between 1.434 and 1.343. 📈 For a long position, we can enter after breaking 1.434, aiming for 1.505. The next trigger is breaking 1.505, which could move the price towards 0.618. The final target for this position is 1.794. 📉 For a short position, we have two triggers: 1.343 and 1.306. If the price makes another downward move, it can reach 1.030, a level indicated by the Fibonacci extension. 📊 For all triggers, note that volume should increase in the direction of the position you want to open. Otherwise, we have a divergence, and the trend can't be trusted. 🧩 Regarding RSI, there's an ascending triangle. If the trendline of this triangle or the 57.16 resistance breaks, it confirms the activation of this pattern, providing a confirmation for the position you want to open. The trendline break trigger is 36.71. 📝Both Bitcoin and DYDX are at pivotal points. Bitcoin's low weekend volume suggests caution, while DYDX presents clear short and long opportunities based on the triggers discussed. Monitor volume closely and ensure confirmations through RSI patterns to make well-informed trading decisions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
3
traders await US CPI on ThursdayGold price remains confined in a narrow range as traders await US CPI on Thursday 10 January 2024 • Gold price extends its consolidative price move above a multi-week low touched on Monday. •The Fed rate cut uncertainty is holding back traders from placing aggressive directional bets. • Elevated US bond yields underpin the USD and cap gains ahead of the US CPI on Thursday. Technical Analysis: Gold price bears await a break below the 50-day SMA support near $2,017 area From a technical perspective, the multi-week low, around the $2,017 area touched on Monday, which now coincides with the 50-day Simple Moving Average (SMA), should protect the immediate downside. A convincing break below could make the gold price vulnerable to accelerate the slide towards the $2,000 psychological mark. Some follow-through selling will expose the December swing low, around the $1,973 region, before the XAU/USD eventually drops to the $1,965-1,963 confluence, comprising the 100- and 200-day SMAs. On the flip side, the $2,040-2,042 zone might continue to act as an immediate strong barrier, above which the Gold price could aim to retest Friday's swing high, around the $2,064 area. The next relevant hurdle is pegged near the $2,077 area, which if cleared decisively will negate any near-term negative outlook and set the stage for a move towards reclaiming the $2,100 round figure. Gold price (XAU/USD) met with some supply following an uptick to the $2,040 area on Tuesday and finally settled with only modest gains on Tuesday. The precious metal continues with its struggle to gain any meaningful traction during the Asian session on Wednesday as traders seek more clarity on the Federal Reserve's (Fed) rate cut path before placing directional bets. Hence, the market focus will remain glued to the release of the latest consumer inflation figures from the United States (US) due on Thursday, which will play a key role in determining the near-term trajectory for the commodity. Ahead of the key data risk, investors have been scaling back their expectations for a more aggressive policy easing by the Fed in the wake of a robust December US jobs report on Friday, which pointed to a still-resilient labor market. This remains supportive of elevated US Treasury bond yields and acts as a tailwind for the US Dollar (USD), capping the non-yielding Gold price. That said, geopolitical risks stemming from the Israel-Hamas war and persistent worries over a slow economic recovery in China – the world's second-largest economy – should lend some support to the safe-haven precious metal. Daily Digest Market Movers: Gold price struggles for a firm direction amid mixed fundamental cues • The uncertainty over the timing of when the Federal Reserve will start cutting interest rates holds back traders from placing fresh directional bets around the gold price. The New York Fed reported on Monday that US consumers' projection of inflation fell to the lowest level in nearly three years in December, raising bets for an imminent shift in the Fed's policy stance. Meanwhile, the resilient US economy, which is experiencing above-target inflation, gives the US central bank more headroom to keep interest rates higher for longer. • This allows the yield in the benchmark 10-year US government bond to hold above the 4.0% threshold, which lends support to the US Dollar and caps the yellow metal. Bearish traders, however, seem reluctant and prefer to wait on the sidelines ahead of the latest US consumer inflation figures, due for release on Thursday. Citing a senior US Defense Department official, CNBC reported late Tuesday that Iran-backed Houthi militants launched the largest attack to date on commercial merchant vessels. A senior People's Bank of China official said this Wednesday that the central bank may use monetary policy tools to provide strong support for reasonable credit growth. The official added that the PBoC will strengthen its counter-cyclical and cross-cycle policy adjustments to create favorable conditions for the country's economic growth. • There isn't any relevant market-moving macro data scheduled for release from the US on Wednesday, leaving the XAU/USD at the mercy of the USD price dynamics.
OANDA:XAUUSD
by sniper_2022
BTC Weekly Chart Shows us Some BULLISH Price ActionHello, When we look BTC weekly chart then there we see some positive moves & pos. price action. Hammer formed from strong crossing area and from decent support! But neg. thing is these buyers lack momentum, this hammer is red, not green - it means sellers still dominates this market at the moment! ...but we have still a nice platform where we can launch back to $9-$10k Let's see what happens in this week so far not so positive! Good luck!
BITFINEX:BTCUSDLong
by VaidoVeek
No Change on The EURUSDWe last posted on the EURUSD on March 24th when price was firmly in consolidation. There has been no change on this since then with price still trading sideways between the drawn in support and resistance levels that define the high and low of this range. Overall, our bias is still very much bullish with price trading above the daily 200SMA and the round number 1.2000. We also have a long position running on this currency pair from the break out when price closed above 1.2000 in January. We are looking to compound into this position and that will be on the next bullish breakout at the earliest. Until then, we will be applying patience and standing aside. The temptation will be to then move down to lower timeframes and take intraday trades. It is an option but it carries more risk. The lower the time frame you go, the more random the price movement becomes and the the weaker your edge, if any, becomes. Trading on larger timeframes means price, to a certain extent, becomes predictable as patterns, based on historical prices, are far easier to identify. Markets can sustain a direction for weeks, months or even years either up, down or sideways. The challenge is applying patience when needed which most fail to understand. No trade is still a trade. This is where protecting your capital his priority. This stance will be rewarded with breakouts and compounds and far simpler profits. Patience for now on the EURUSD . Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
Long
by Sublime_Trading