TPLP_KSE100_#TPLP__#Trading_#daily_#call_#IdeaThe daily chart shows a strong bullish divergence, However the price making consecutive lower lows and lower closes, with this bullish divergence we are expecting the trend might reverse and Bulls may again step in and shows dominance.
The recent price action has formed a complex pullback, and now the price is testing the strong resistance zone 8.89, which is a psychological level. If the price maintain this level, I expect it the script will bounce back from this level and shows some upwards momentum. Potential levels identified on the charts as well.
# DYOR (Do your own research as well)
Traders, if you liked this idea write in the comments and give your feedback as well thanks
Signal
Gold is looking for new peaks for itselfIn his latest speech, Fed Chairman Jerome Powell once again expressed a dovish stance, but it could go in either direction. As has been pointed out many times, gold appears to be very sensitive, with just the slightest impact being able to push gold prices to new record highs in any given week.
Robert Minter, Chief Strategy Officer of abrdn, said that inflation is only half the reason for this price increase, the other half is the weakness of the economy.
"There is a basis to cut interest rates in September. If you look at the current high level of consumer debt, even a little pressure on the labor market can cause serious problems for the economy. I don't think we're going to see a recession, but it all depends on the Fed. They're a little late, but it's not too late to do something."
Despite supposedly positive economic data, economic optimism seems increasingly foolish. We supposedly avoided a Volcker recession, but have we really? Or is the media downplaying how bad the real situation is? Could a devastating recession begin after the Fed starts lowering interest rates?
That's often what happens, as Ryan McMaken warns us - the reason "soft landings" are so elusive is simply because they're impossible,
"But there are two problems with the "soft landing" story: The first is that the Fed has never done this in the past 45 years. Normally, the Fed denies a recession until it happens. Then, the Fed reduces Interest rates on unemployment have begun to rise."
The market has high expectations that the Fed will reduce interest rates. The CME FedWatch tool shows an over 90% probability of this happening. According to expert Carsten Fritsch, the market is predicting that the Fed will reduce interest rates in September and may reduce it again before the end of the year.
Based on these, Fritsch thinks gold has all the elements to test and could surpass record highs this week. And all of this is still in the short term.
As we approach the end of the year, gold will exit its weakest quarter and enter the election cycle, a period that is expected to be turbulent even by the standards of the past twenty years.
The dynamics driving gold prices are changing, and investors should stay one step ahead.
In the latest report, Incrementum AG's Ronald Stoeferle notes that gold investors should pay attention to the changes driving the gold market. (This is not to say that the old factors are disappearing. Inflation and currency depreciation will still ensure gold's appeal, and any discussion of safe investments must include Yellow.)
XAUUSD : Gold is at its historic peakWorld gold prices continue to climb and are at a historic peak due to the further weakening of the USD.
According to the CME FedWatch tool, the market is betting on a 100% chance that the US Federal Reserve will cut interest rates on September 18.
Earlier this week, Fed Chairman Jerome Powell said that recently released data "increases confidence" that inflation is falling sustainably toward the Fed's target level.
Many Fed policymakers also said they are increasingly optimistic that price inflation is on track and falling toward the 2% target mark.
Consolidation is over, breakout next. - LINK/USDT#LINK/USDT #Analysis
Description
---------------------------------------------------------------
+ Link Price has consolidated nicely in the past and now it formed a triangle pattern
+ Breakout from this triangle pattern will pump the price upwards and we have a good potential for trade
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 13.9
Stop Loss: 9.9
------------------------------
Target 1:17
Target 2: 22
Target 3: 34
Target 4: 42
Target 5: 52
------------------------------
Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
NEAR - A quick long trade for the continued trend.#NEAR/USDT #Analysis
Description
---------------------------------------------------------------
+ The trend that began after hitting the support zone is continuing, and we can expect it to reach the resistance zone soon.
+ This presents a quick trade opportunity.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price:5.534 - 6.254
Stop Loss: 4.986
------------------------------
Target 1: 6.816
Target 2: 7.624
Target 3: 9.019
------------------------------
Timeframe:1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
FIL will see bottom before moving up#FIL/USDT #Analysis
Description
---------------------------------------------------------------
+ After a recent bounce, the price is again heading towards the support zone. We will enter a long trade only after the price rebounds from this zone.
+ This will provide ample confirmation that the price is moving in the right direction.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 4.384 - Candle close above this
Stop Loss: 2.233
------------------------------
Target 1: 6.207
Target 2: 8.386
Target 3: 10.983
Target 4: 19.638
Target 5: 33.338
Target 6: 66.76
Target 7: 113.00
------------------------------
Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
A great trade opportunity on DYDX#DYDX #Analysis
Description
---------------------------------------------------------------
+ The price has hit a low point, and a rebound is anticipated.
+ This creates a promising trading opportunity, so I'm opening a small long position now.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 1.467
Stop Loss: 1.076
------------------------------
Target 1: 1.697
Target 2: 2.011
Target 3: 2.559
Target 4: 3.102
Target 5: 4.037
------------------------------
Timeframe:1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
How to double your Bitcoin with TONBTCThe long term analysis on TONBTC shows a completion of a 440 days of an ABC correction. Based on the Elliott Wave pattern we expect a continuation of an uptrend, and potential completion of a major wave 3 to the upside.
The nearest upside target is 80% away, which allows nearly double the Bitcoin value.
What do you think of this setup?
USDCHF:Hello Traders,
I'll short the pair after a confirmation, I'm more eager to short around top of the short-term channel.
This is the daily chart, A clear bearish channel is obvious. We have perfectly reacted to the top of this channel.
And this is 2h chart.
A bullish channel formed and is broken now! We even observed a reversal and we are waiting for more bearish days, At least to the middle of long-term channel.
GOLD : Gold is increasing fearfullyIn an interview with Kitco News, Robert Minter, Chief Investment Strategist at abrdn, said that Fed Chairman Jerome Powell's testimony before Congress last week appears to be the turning point the market has been waiting for. long time ago.
During a two-day hearing on Capitol Hill, Fed Chairman Jerome Powell told Congress that risks to the economy now hang in the balance. "Rising inflation is not the only risk we face," Mr. Powell emphasized in prepared remarks.
Immediately after these comments, gold prices held the $2,400 support level and even surpassed the peak of the two-month accumulation period. The August gold futures contract set a new record at a price of 2,470.20 USD/oz.
This breakthrough took place in the context that the market was almost completely confident that the Fed would reduce interest rates in September.
Mr. Robert Minter, Director of Investment Strategy at abrdn, said he was not surprised by Powell and the Fed shifting their focus away from inflation. He noted that rising consumer debt in a high interest rate environment could pose significant risks to the economy.
XAUUSD : Gold is heading towards new heightsThe daily chart shows that gold still has room to expand its upward momentum. XAU/USD is trading significantly above all SMAs, which are steeply sloping up. At the same time, technical indicators are also increasing rapidly, moving deeper into the overbought zone but showing no signs of slowing down.
Based on the H4 frame, gold is in the overbought zone in the short term, but the possibility of a downward adjustment is still unclear. The 20 SMA is strongly sloping up, providing dynamic support around $2,420. The two SMA lines 100 and 200 are also following and pointing up. Finally, the Momentum indicator maintained an uptrend at a high level, but the RSI indicator entered the overbought zone and showed signs of slowing down. Therefore, gold may be under some short-term profit-taking pressure before contemplating the next increase. Potential support levels are $2,448, 2,435, and $2,422, respectively. Conversely, the next resistance levels to watch out for are $2,480 and $2,500.
NOK Nokia Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NOK Nokia prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $0.09.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
XAUUSD : Gold will find its old peak within the weekWorld gold moved sideways around 2,427 USD/ounce in the early trading session this morning, a number of important economic reports will be announced by the US this week. However, experts predict that the gold market will not change much after these reports.
FxPro senior market analyst Alex Kuptsikevich said that the fact that XAU/USD remains firmly above the 2,400 USD/ounce mark is a good sign. Expectations that the Fed will soon cut interest rates are increasing, which underpins the price of gold - a non-yielding asset.
SOLUSDT, Mon 15 Jul,(part 1)I didn't perform well last week because the weekly candle was bullish and I didn't recognize it well.
And I was looking for the shorts position.
I am not sure, but I see the upcoming weekly candle as bullish.
but
- If the price does not exceed 154,
- Considering that 4 consecutive days have passed, I saw a green candle
- The upward movement of the price from the beginning of today and the downward movement from 3 am,
I expect a short position again.
Wish Low-Loss trade!
Mon 15 Jul - 9: 34
GOLD XAUUSD DETAILED VIDEO ANALYSISyesterday after the cpi xauusd breached major resistance zones and touched our bullish target of 2421 extending up to 2425.
TODAY we have explained the possibilities of our market in video section. And we will bisect the major support resistance point along with pivot.
⬛PIVOT POINT
2395
🟩SUPPORT
2403
2404
2395
2385
2377
2362
🟥RESISTANCE
2414
2424
2433
2438
2442
2450
2465
❇️BOTH THESE SUPPORT AND RESISTANCE CAN BE USED AND BULLISH AND BEARISH ZONES RESPECTIVELY
on us market section there is a major news of ppi which will decide more direction and momentum in todays market.
we willl do more detailed analysis on ppi.
PLEASE FOLLOW SUPPORT AND BOOST US
SHARE OUR IDEA
USDCAD Trading Opportunity! BUY!
My dear friends,
USDCAD looks like it will make a good move, and here are the details:
The market is trading on 1.3598 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.3642
Recommended Stop Loss - 1.3572
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
XAUUSD : Gold increased sharply at the end of the year?Although the PPI index last week somewhat restrained the excitement, gold was still able to hold the important support level of 2,400 USD/ounce. Coming into the new week, world gold prices were under pressure from investors to take profits at the beginning of this morning's session when ECB officials announced that the central bank could cut operating interest rates again in the end. 2024. It is likely that many ECBs will not be able to lower interest rates at this week's meeting on July 18, but possibly in September. This may have led to an increase in expectations for a similar move with the FOMC and opening shows a clearer trend of interest rate cuts.
Carsten Fritsch, commodity analyst at Commerzbank, expects that gold will find its historic peak again this week when the gap is only about 40 USD/ounce. Because after recent developments, from both data and Mr. Powell's statements, the possibility of cutting interest rates in September is higher than ever.
However, many experts say that investors should also be cautious because Q2 economic information is about to be announced in the US and Europe from now until the end of July. If the economic data is positive, gold can will likely be under pressure to make room for other risky assets, typically stocks.
Bitcoin Bear-Flag Signal: Prepare For Dump!After the massive losses in June, Bitcoin has at the very least found a temporary bottom in July.
In my view, this is nothing more than a temporary pause to let the long-term oscillators get less extreme. The most likely scenario will be that the Bear Flag pattern will play out over the next few weeks.
This is a risky bet, since we're going to trade from the top resistance instead of waiting for the price to fall through the support. However, the R/R ratio is much better.
Will gold decrease or increase when US politics is tense?The assassination not only increased Mr. Trump's chances of victory but also increased the Republican Party's chances of a sweep. If Republicans gain control of the White House and both houses of Congress, they could enact tax cuts that would increase the budget deficit.
That's how things work. When one party takes control, it's either Republicans cutting taxes or Democrats spending more. Both cases resulted in higher deficits, while a divided Congress barely passed anything.
When the budget deficit increases, bonds will be sold off due to concerns about increased supply and accelerating inflation. The Fed will therefore have to maintain interest rates at higher levels for longer.
How does this affect the market? Higher yields from US government bonds will make gold less attractive. Stock investors love low interest rates, and higher interest rates can make the market less attractive.
The biggest beneficiary is probably the USD. The USD benefits from both higher yields and a safe-haven environment. Political violence is bad news, and in tough times, the world's reserve currency is the winner.
Overall, the assassination of former President Donald Trump could cause gold and stocks to decline, while boosting the USD. Polls and ongoing information will determine how long this story lasts and how it impacts the markets.