Gold analysis of Nov 2022 TF Week (short- to long-term)Gold made the triple bottom at 1618 in the past two months. Recently, the price has reverse to 1772 as the negative CPI data and the inflation rate is lower than expected. This price action confirms the end of Wave C.
Short-term analysis
After the gold price has a sharp rally over 100 usd in last week, it is expected to have correction next week from 1772 (wave 1 green), but still in an uptrend. However, it should not drop below 1680 (wave 2 green).
Tradi ng strategy:
Sell 1772-1802
TP 1766/1758/1747
SL set according to your margin (probably hit 1806)
Medium-term analysis
It is necessary to wait for a confirmation signal from a pullback to wave 2 green, which should not fall below 1680 (wave 2 green). Then, it would be great chance to open long/buy positions.
In contrast, if gold has pullback lower than 1680, it has a chance of a bearish reversal, which means that this strong rebound (at 1772) is just a market correction. It may result in the price of gold continuing to decline in the long term (red wave)
Long-term analysis
1st scenario, if gold keep it rising trend, the price action can made a new high (> 2070) following to green wave (5)
2nd scenario, if gold reverses to a downtrend, we might see great drop to 1302 following to red wave (5). Regard to the "Gold price prediction chart pattern" my long term analyzed on March 30, 2022 (see more detail in attached link).
Priceprediction
GMT looks like it wants to bounce on supportGMT
👉 RSI on 2hr is 38
👉 1hr is 32
Market Cap: 315.4M
Category: Move to Earn
Target 1: 0.6095
Target 2: 0.6856
Target 3: 0.7861
Stop Loss: 0.4675
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
COTI with volume coming inCOTI with volume coming in
Market Cap: 108.3M
Category: DeFi
Target 1: 0.108626
Target 2: 0.120684
Target 3: 0.131283
Stop Loss: 0.087957
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
FORM moving with volume coming in - DeFi project FORM
volume coming in
Market Cap: 207k
Category: DeFi
Target 1: 0.003023
Target 2: 0.003433
Target 3: 0.004125
Stop Loss: 0.002187
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
IMX confirmed retest with volumeIMX confirmed retest with volume
Market Cap: 556.6M
Category: Layer2
Target 1: 0.7795
Target 2: 0.8585
Target 3: 0.9385
Stop Loss: 0.6129
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
BNB nice mid-long term hold under resistance BNB nice mid-long term hold
Market Cap: 48.3B
Category: CEX token
Target 1: 370.698
Target 2: 422.849
Target 3: 490.453
Stop Loss: 292.953
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
MARSH crossing resistance with volumeMARSH crossing resistance with volume
Market Cap: 1M
Category: AI & Big Data
Target 1: 0.17838
Target 2: 0.25187
Stop Loss: 0.13450
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
FTM attempting to cross key level of resistanceFTM attempting to cross key level of resistance
with increasing volume
possible bearish div ( may have played out - red candle )
Market Cap: 1.1B
Category: DeFi
Target 1: 0.49711
Target 2: 0.59005
Target 3: 0.65643
Stop Loss: 0.35719
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
GMT crossing resistance with nice volumeGMT crossing resistance with nice volume
Market Cap: 372.6M
Category: Move to Earn
Target 1: 0.6830
Target 2: 0.7502
Target 3: 0.8111
Target 4: 0.9563
Stop Loss: 0.5456
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
FEAR looking good with 2 levels of LVN ( low volume nodes ) FEAR
Market Cap: 1.2M
Category: Metaverse
Target 1: 0.12728
Target 2: 0.15417
Target 3: 0.18547
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
LAYER crossed key level of resistance with volumeLAYER crossed key level of resistance with volume
showing Daily time frame to show key levels of
support and resistance
LVN ( low volume node ) between 0.07757 - 0.1634
Market Cap: 2M
Category: DeFi
Target 1: 0.10906
Target 2: 0.12860
Target 3: 0.14903
Target 4: 0.18812
Stop Loss: 0.06583
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
BITCOIN DUE FOR A DROP! BTC Bitcoin on a technical standpoint is setting up for a drop. We can tell previously when price action is extended into the top red section on our linear regression trend while our white line showing money movement is also in the top red selling pressure zone this has been a good time to be looking for a drop in the maket.
Trade safe. Trade Confidenr!
Thanks for following
SPY Technical Analysis Jan 22ndThe SPY is currently trending in a bull overall regression trend. Our dashboard indicator is showing a green middle band representing bull market momentum and our white line showing money momentum is shifting higher.
I would be looking for a continuation on the SPY to around the $400 level.
Trade safe, trade confident!
Thanks for following!
JASMY at support would like to see more volumeJASMY at support would like to see more volume
Market Cap: 237M
Category: IOT
Target 1: 0.005813
Target 2: 0.006303
Target 3: 0.006810
Stop Loss: 0.004636
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
DFI with increased volume - MICRO CAP DFI with increased volume - MICRO CAP
Recommended - only small bag
Market Cap: $273,300
Category: DeFi / DEX
Sell 25% at each target
Target 1: 0.5998
Target 2: 0.6657
Target 3: 0.7235
Target 4: 0.9327
Stop Loss: 0.4785
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
BAT under resistance - would like to see a breakout with volumeBAT under resistance - would like to
see a breakout with volume
Market Cap: 352.7M
Category: Defi / Web3
Target 1: 0.2677
Target 2: 0.2975
Target 3: 0.3194
Stop Loss: 0.2081
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
LOKA moving under resistance with 2 entry ideasLOKA moving under resistance
2 entries ( Plan A / Plan B )
enter on 2hr time frame
Market Cap: 37.1M
Category: Gaming
Target 1: 0.6123
Target 2: 0.6733
Target 3: 0.7330
Stop Loss: 10% - 15% from entry
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
FALCON SWAP Tiny Micro Cap 276k crossing resistance with volume FALCONS
Market Cap: $276,026
Category: BNB Smart Contract
Target 1: 0.004510
Target 2: 0.004903
Target 3: 0.005394
Stop Loss: 0.003681
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
AVAX currently found support at 16.119AVAX currently found support at 16.119
under DAILY 200ma ( this is the 200ma on the DAILY )
[ 50ma is also set to the daily )
Market Cap: 5.27B
Category: DeFi
Target 1: 18.980
Target 2: 21.154
Target 3: 22.856
Stop Loss: 14.326
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
VAI bouncing off support at 0.095870VAI bouncing off support at 0.095870
2 entries ( one being an aggressive entry )
Stop Loss recommended 10% - 20% from entry
( this is a personal preference )
Market Cap: 21.1M
Category: AI
Target 1: 0.148401
Target 2: 0.167002
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
VRA above the 50ma ( daily ) VRA above the 50ma ( daily )
Moving Averages are set to the DAILY time frame
Market Cap: 31.9M
Category: Metaverse / Gaming
Target 1: 0.00364335
Target 2: 0.00394816
Target 3: 0.00426100
Stop Loss: 0.00293344
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
POLC found support on the 50ma ( daily ) POLC found support on the 50ma ( daily )
the Moving Averages are set to the DAILY time frame
Market Cap: 1.7M
Category: Metaverse
Target 1: 0.02596
Target 2: 0.02907
Target 3: 0.03253
Stop Loss: 0.01895
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR