Lingrid | GOLD channel BREAKOUT. Short from RESISTANCE zoneOANDA:XAUUSD market dipped below the 2600 support level before bouncing back to test the resistance zone. It also broke and closed below the upward channel. Now, the price is near a swap zone where it has changed direction multiple times. I think the market will keep pushing down from here and will likely retest the recent support level. Since the price has fallen from this level before, there's a good chance it will do so again. I expect the price to continue consolidating and retest the support level following the rebound. My goal is support level ay 2600
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Signals
USD/JPY: What's Changing at Year-End?Hello, dear friends!
As the year comes to a close, USD/JPY has shown significant movement, reversing course and dropping below the 157.00 mark. This late-year shift comes as market participants prepare for midweek closures and reduced activity around the New Year holiday. Despite lighter trading volumes, price action remains dynamic, signaling potential shifts in the trend.
Technically, USD/JPY has failed to maintain its position within the parallel ascending channel, suggesting the emergence of a new trend. A key level to watch now is the immediate support at 156.03. The critical question is whether this support will hold and for how long. Looking at the bigger picture, sustained consolidation below the broken channel could lead to a move toward lower targets, as indicated on the 4-hour chart.
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USD/JPY Technical Analysis: Key Levels and Potential ScenariosThis analysis focuses on the USD/JPY pair on the daily timeframe, highlighting critical support and resistance levels. The current setup reflects the importance of a key range for maintaining the bullish outlook.
USD/JPY Technical Analysis: Key Levels and Potential Scenarios
This analysis focuses on the USD/JPY pair on the daily timeframe, highlighting critical support and resistance levels. The current setup reflects the importance of a key range for maintaining the bullish outlook.
Key Levels:
Critical Zone: 155.47–154.75
This zone acts as a pivotal level for the continuation of the uptrend.
As long as the daily candle does not close below this range, the bullish scenario remains valid.
Upside Targets:
The first resistance level is identified at 160.099.
A breakout above this level could lead to further gains, with the next target at 161.753.
Indicator Insights:
DTOsc (DT Oscillator):
The oscillator is moving toward the oversold region.
This could align with a price reaction from the key support zone, aiding the potential resumption of the uptrend.
USD/JPY Technical Analysis: Key Levels and Potential Scenarios
This analysis focuses on the USD/JPY pair on the daily timeframe, highlighting critical support and resistance levels. The current setup reflects the importance of a key range for maintaining the bullish outlook.
Key Levels:
Critical Zone: 155.47–154.75
This zone acts as a pivotal level for the continuation of the uptrend.
As long as the daily candle does not close below this range, the bullish scenario remains valid.
Upside Targets:
The first resistance level is identified at 160.099.
A breakout above this level could lead to further gains, with the next target at 161.753.
Indicator Insights:
DTOsc (DT Oscillator):
The oscillator is moving toward the oversold region.
This could align with a price reaction from the key support zone, aiding the potential resumption of the uptrend.
Potential Scenarios:
Bullish Scenario:
If the 155.47–154.75 support zone holds and the daily candle closes above this range, the pair is likely to resume its uptrend toward the 160.099 and 161.753 targets.
Bearish Scenario:
A daily close below 154.75 would invalidate the bullish outlook and may lead to increased selling pressure.
Conclusion:
USD/JPY is trading within a critical range, with the 155.47–154.75 level serving as a decisive zone for the continuation of the uptrend. As long as this level holds on a daily closing basis, the pair is expected to climb toward its higher targets.
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COINBASE approaching the 1W MA50 and turns into a Buy again.Coinbase (COIN) has gone a long way since our September 09 buy signal (see chart below):
Even though it marginally missed the $360 Target, the pattern served in an excellent way those investors who bought at the bottom of its dominant 2-year Channel Up. The September - December Bullish Leg was by a narrow margin, the shortest (+141.45%) of Coinbase's total 5 major rallies within this pattern.
As the price is yet again approaching the 1W MA50 (blue trend-line), it is gradually turning into a Buy opportunity again. Even though the shortest Bearish Leg has been -38.74% and that currently places the projected bottom level a little over $215, the 1W RSI has already broken below its MA (yellow trend-line), which has been the ultimate buy signal on all previous technical corrections with the exception of last April.
As a result, there are more probabilities to see COIN resume the 2-year bullish trend, with the Risk/ Reward Ratio (RRR) turning favorable again. A Dollar-cost-averaging strategy is also suited for those seeking less risk.
Our Target from now on is $500, which represents a +141.45% rise (as mentioned above, the shortest within the Channel Up).
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Lingrid | EURUSD Intraday Selling OPPORTUNITY The price perfectly fulfilled my last idea. It hit the target. FX:EURUSD made a downward impulse move, creating a large bearish candle. The market is currently consolidating, providing an opportunity to take advantage of its sideways movement. It is rolling back towards a resistance zone and an upward trendline. Looking left, we see that the price has bounced off this area twice before, so it could potentially rebound again given the current sideways trend. I expect the price to reject the resistance zone, leading to a decline. My goal is support zone around 1.03800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | SUIUSDT possible Sell-Off at the Dawn of 2025BINANCE:SUIUSDT is currently consolidating after reaching the psychological level at 5.00. It’s been moving back and forth, forming lower highs while bouncing off the trendline. The last two weeks of December and the first two weeks of January were characterized by sideways movement last year, and it appears we may be experiencing a similar situation now. It’s important to note that there was a strong bullish impulse leg before, but the price failed to continue moving higher, indicating a lack of bullish momentum to sustain that upward movement. This suggests that we might see some bearish action in the near term, potentially setting the stage for a stronger bullish move later on. I expect the market to retest at least channel border. My goal is support zone around 3.61
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Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Lingrid | EURUSD continues to SEE ConsolidationLast week, FX:EURUSD bounced off the resistance zone at 1.04400 and moved lower, but it didn’t have enough bearish momentum to keep going down. Instead, it returned to the level it was at the previous Monday, creating an equal high. I believe the market will push a little higher before pulling back and continuing its bearish move. However, since many markets are in consolidation due to the holidays, there's a chance this week could be another sideways week. Nevertheless, I expect the price to rise above the EQHs before eventually falling. My goal is support zone around 1.03830
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GOLD → A reversal pattern for a further fallHello, my wonderful friends, Ben here!
Gold prices are currently testing key levels of interest during a corrective phase against the trend, following a breakout from a significant level. The fundamental backdrop is not particularly favorable, with the market under consistent downward pressure.
The bearish sentiment around gold is intensifying as U.S. Treasury yields continue to climb, and the USD strengthens toward the end of the week, reducing the appeal of the precious metal. Notably, the US Dollar Index has recorded its fourth consecutive week of gains, while the 10-year U.S. Treasury yield remains near its highest level since early May.
Looking ahead, the market's focus remains on the return of President-elect Donald Trump and the potential impact of his inflationary policies, which could have significant implications for the Federal Reserve's outlook in 2025. Stay cautious!
From a technical perspective, the price is currently trading within a short-term descending channel, formed after the termination of a rising wedge pattern. The outlook suggests a higher probability of further declines. The 2622 level is a critical threshold—if sellers maintain pressure below this zone, the downtrend could extend further, with potential targets at 2605 and 2596, among others.
Best regards,
Bentradegold!
Gold Prices Today (December 31): Broad Decline Across the BoardHello, dear friends! Ben here!
Spot gold has successfully climbed past the $2,600 mark during the U.S. trading session, continuing its retreat from Friday's peak of $2,638.
Driving the current sentiment is the U.S. dollar (USD), which gained strength as Wall Street opened amidst lackluster performance in local indices. Weak trading volumes further intensified the drop in equities, fueling a short-term rally in the USD. Yet, despite these temporary setbacks, the three major indices are on track to close another year with impressive gains.
Meanwhile, market participants are shedding high-yield assets as uncertainty looms over what 2025 may bring. The Federal Reserve (Fed) has signaled its intent to slow the pace of rate cuts, given that inflation remains stubbornly high. Adding to the tension, former President Donald Trump is set to return to the White House on January 20, with his anticipated protectionist policies likely to exacerbate inflationary pressures in the years ahead.
Given these dynamics, a bearish outlook on gold remains dominant in the short and medium term. Attention is centered around the 2,610 resistance level—so long as sellers defend this zone, gold appears poised to decline further, with potential targets in the 2,596–2,587 range.
What are your thoughts? Share your insights, forecasts, and questions—let’s explore the ongoing dynamics of XAUUSD together!
NASDAQ headed into a volatile January but uptrend remains intactNasdaq (NDX) is yet again testing the 1D MA50 (blue trend-line) following the direct hit of December 20. Despite the pull-back, it is technically respecting the 2-year Channel Up that it's been trading in since the December 26 2022 market bottom. Its most recent Higher Low was on the August 05 2024 1W candle, which initiated the Bullish Leg we're currently in.
Until we get a 1W candle closing below the 1D MA200 (orange trend-line), the pattern remains intact and the strategy is to continue buying into the current Bullish Leg. The previous two Bullish Legs had one main pull-back/ correction sequence each and apart from that, the majority of the Leg was technically a straight uptrend. Given that the current Bullish Leg has been trading above its 1D MA50 since September 12, it is not unlikely to see a correction below it.
Technically, it could be similar to the previous Bullish Leg (March 04 - April 15 2024), as we are trading within the 0.382 - 0.5 Fibonacci range. This means that one more rise above the 0.382 Fib is to be expected in the first week of January but it is likely to then see a correction for the rest of the month below the 1D MA50 into the first 2 weeks of February.
If after that, the 0.5 Fib and 1D MA200 levels hold, we expect the Bullish Leg to resume the uptrend and target 25300. That would be a rise of around +48%, which is the % rise of both previous Bullish Legs.
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Palantir (PLTR): Is $79 the Key to Big Moves?Morning Trading Family
Palantir is at a crossroads, and $79 is the level to watch. Whether it holds or breaks will tell us a lot about what’s coming next. Let’s keep it simple and dive in.
If PLTR Breaks Above $79
The bulls might take charge, and here’s where we could be headed:
$82: The first stop. We’ll see if the bulls have enough strength to push through this.
$93: If $82 gets taken out, this could be the next big move.
If PLTR Stays Below $79
it could get a little rough. Here’s what to watch:
$64–$66: This is the median line and a possible landing zone if the selling continues.
What’s the Game Plan?
Keep it simple:
-Watch $79—it’s the key.
-Be ready for both the bullish and bearish moves.
-Stay disciplined and manage your risk.
If you like this breakdown, give it a follow or a like. Got questions about Palantir or struggling with another chart? Send me a DM—I’d love to chat!
Feeling stressed, burnt out, or finding it hard to stay consistent as a trader? You’re not alone. Reach out—I’m here to help you trade smarter and stay balanced. Let’s crush it together!
Kris/ Mindbloome Exchange
Trade What You See
The Impulse Master indicator nailed the top of this rallyThe Impulse Master indicator accurately identified the top in NQ (Nasdaq Futures) and signaled a shift in market structure. The key observation here is the breakdown under the critical support level, which confirmed a reversal in the trend.
Explanation of the Pattern:
Supply Zone and Reversal Signal:
The chart highlights a supply zone where bullish momentum begins to stall. This area marks the exhaustion of buying pressure, as seen with the "Turn Down" label. The price repeatedly failed to break higher within this zone, signaling a potential reversal.
Support Breakdown Logic:
A rally typically continues as long as the price respects key support levels. Think of the structure as comprising a micro wave iv (a small corrective dip) followed by a wave v up (a final push higher).
In this case, the breakdown below the first major support invalidates the continuation of the uptrend. The failure of bulls to produce a higher high off the low created by wave iv is a clear indication that the rally has ended.
Confirmation of Trend Reversal:
Once the price broke below support, the rally's structure was compromised. This failure to sustain higher levels signals the transition from a bullish trend to a bearish phase, as confirmed by the "Trend Down" signal and the formation of resistance at 21,652.81.
Indicator Precision:
The Impulse Master indicator effectively mapped the turning points in the market, including the Breakout Zone, the critical support retest, and the ultimate rejection leading to a downtrend.
Key Takeaway:
The breakdown below ** the key support** is a crucial confirmation that the uptrend has concluded. This methodology highlights the importance of observing raising support levels as benchmarks for trend continuation or bearish reversal. ***When bulls fail to push the priceto a higher high after a corrective dip, then drops under the previously made low, it serves as a reliable signal that the rally is over and a new down trending move might have started.***
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
EURUSD Channel Up targeting the 4H MA200.The EURUSD pair broke above its 4H MA50 (blue trend-line) and following a Double Bottom bounce on the Support Zone on December 18, it started a Channel Up.
Having initiated that after a highly oversold 4H RSI, it shares many similarities with the November 22 Channel Up, which peaked just below the 4H MA200 (orange trend-line). This is where our current short-term Target is at 1.04900.
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XAUUSD Last pull-back before a 2695 reboundGold (XAUUSD) is currently pulling back around the 4H MA50 (blue trend-line), as it failed to sustain a rebound following the December 18 Low. Despite this technical weakness, this seems to be (based on the previous November 25 - December 05 accumulation) the final bearish Leg before a rebound.
We are expecting at least a 0.786 Fibonacci test at 2695.
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