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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.
FXOPEN:XAUUSDShort
by syomking76418
2
Gold- Drop to 2480 before reversal?In my Friday analysis, I mentioned that a break above 2530 could trigger an upward acceleration, especially since gold had been trading within a tight range throughout the week. However, this breakout did not occur. Instead, XAU/USD ended the week just above the key 2500 level. As of this writing, the price is slightly below 2500, currently at 2496, and it may continue to decline. However, there's strong support at 2480, a level that has previously acted as resistance three times—in mid-July, early August, and mid-August. If the price reaches this level, I anticipate a reversal. In conclusion, I'm looking to buy on dips, targeting a reversal that would push the price back above 2500.
OANDA:XAUUSDLong
by Mihai_Iacob
7
Final fall? Bitcion Review #BTCAfter the last fall, you entered the zone of interest. Now, we are likely to go to the white box, from which we will see the final movement down and the subsequent impulse with the renewal of new tops or without dipping into the zone of 54-56k. I look at the market extremely positively. -Because everything is down right now - Altcoins -We've held the Bitcoin level. -In a few days, it's September. -Markets rise on fear. Best regards @Forexcryptowithjohn
Long
by Forexcryptowithjohn
Lingrid | NZDCAD short from STRONG resistance zoneThe market has reached a significant resistance level on the daily timeframe, specifically at the area where a sharp bearish move occurred two months ago. The price action is currently creating a broadening triangle pattern, which can indicate a loss of momentum and increased volatility. Considering these factors, I anticipate a pullback toward the support level, especially in light of the divergence observed in the price action. Additionally, the psychological level at 0.85000 adds weight to the potential for a retracement as we might look to take profits or reassess positions around this key area. My target is support level at 0.83700 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
1
EURUSD - correction from the Resistance zoneEURUSD is currently approaching a weekly resistance level that was last tested in December 2023. Since this resistance level previously triggered a bearish reversal, we could see a potential short-term pullback or choppy price action in this area. The price might attempt a false breakout above both the channel border and the resistance level, which could lead to a short-term correction in the market. The target is the support level around 1.10500
Short
by RTED_Investing
Lingrid | AUDCAD ranging MARKET. Potential SHORTFX:AUDCAD has been consolidating following a significant move, with price action fluctuating between established support and resistance levels. This consolidation phase has formed a slight descending channel. As the market approaches the highs from the previous week, we may witness a rebound from the channel's upper boundary and the upward trendline, suggesting a potential continuation of the current sideways trend. My target is support level at 0.91330 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3
Lingrid | GOLD trend CONTINUATION patternThe price perfectly fulfills my last idea. It hit the target zone. OANDA:XAUUSD has formed a trend continuation pattern in the shape of an ascending triangle. This pattern indicates that buying pressure is increasing as the price continues to test the resistance zone, suggesting that a breakout could be imminent. I believe that if the price successfully breaks through this resistance level, it may continue to rally, potentially reaching the 2500 resistance zone. With high-impact news scheduled for today, there is a strong possibility that the market may be poised to push towards new all-time highs. Keep an eye on the market reactions to the news, as they may provide key insights into the strength of the breakout and overall market sentiment. My goal is resistance around 2555. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
3
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.
FXOPEN:XAUUSDLong
by syomking76418
Lingrid | EURUSD bullish TRADING OpportunityThe price has indeed fulfilled my previous target idea, reaching the anticipated level. After hitting that target, the market has pulled back, with bearish sentiment pushing the price towards the support zone. FX:EURUSD has seen a retracement from the weekly resistance zone. Currently, the market is bouncing off a support level that aligns with the 78% retracement of the previous bullish weekly price range. Given that the overall trend remains bullish, I believe the bounce from this support level increases the likelihood of the market moving higher from this area. Overall, I expect the price to climb, potentially retesting the recent resistance zone above if the price breaks through the trendline. My goal is resistance around 1.11300 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
5
Lingrid | BONKUSDT Range-Bound Market PRICE ACTIONBINANCE:BONKUSDT is currently consolidating, oscillating between resistance and support levels. Notably, it is fluctuating around the psychological level of 0.000020, which indicates that there is accumulation occurring at this level. Overall, the market has reached the April high, and on the weekly timeframe, it has formed an inside bar pattern. This could signal the potential beginning of a bull run if the price closes above this pattern. I expect the market to continue oscillating within the consolidation zone until we see a clear breakout. Any movement beyond the established resistance or support levels will provide further insights into the market's direction. My target is resistance zone aroud 0.0000222 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
2
Lingrid | EURUSD weekly RESISTANCE zone. ShortFX:EURUSD has experienced a short-term pullback and then proceeded to make higher highs and higher closes. The market has broken through the previous day's high while moving upward to test the psychological level at 1.12000. This level is significant as it's the same zone where the market declined sharply last year in July. Currently, the price has reached the upper border of the channel, forming a 1-2-3 extension and exhibiting a bearish divergence. Given these factors, I anticipate a potential fake breakout at the channel border, which aligns with the highs of 2023. Therefore, I expect a pullback from this channel border, coinciding with weekly resistance levels. My target is the support level around 1.10820 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
12
Lingrid | GBPNZD consolidation before EXTENSION. ShortThe price perfectly fulfills my last idea. It hit the target. FX:GBPNZD is currently consolidating between resistance and support levels. On the daily timeframe, the price has experienced a bearish movement, and for the past two weeks, the market has repeatedly tested the same support level. I believe that a break below this support is likely, which would lead to an impulsive bearish move. At this stage, I anticipate a potential downward movement by breaking through last week's low. If the price successfully breaks and closes below the support level, I expect the further bearish trend to continue. My target is the support level around 2.10050 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
Lingrid | GOLD Weekly Technical AnalysisThe surge in OANDA:XAUUSD price following Jerome Powell's speech underscores the market's reaction to potential shifts in monetary policy. His indications of a likely interest rate cut, possibly occurring in September, have prompted a weakening of the U.S. dollar and a decline in Treasury yields, further enhancing gold's appeal as a safe-haven asset. As a result, the weekly candle closed as a green doji, reflecting both investor sentiment and anticipation of shifts in economic conditions. The market bounced off the swap zone and closed above the psychological level; however, there was not enough momentum to retest the previous higher high, which also represents an all-time high (ATH). This indicates that the market may now consolidate around the 2500 level or below the previous resistance zone to accumulate liquidity for a potential move to higher levels. On the daily timeframe, price action remains within the range of the previous day, suggesting the possibility of forming a triangle trend continuation pattern. It seems that there will be fewer high-impact news events next week, which may result in less momentum in the market. Nevertheless, we must remain cautious of the uncertainty in the market and be prepared to respond accordingly. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
19
XAUUSD 4HR Analysis UpdateGold took a tumble mid week down to $2,495 which saw it respect the same dynamic support level and 50 ema for the second time in the last week as we saw last thursday, as price is now respecting this key level and ranging between this and the all time high with gold teasing a break above the resistance with the bull trend still intact in a continuation play its likely we will soon see new all time highs unless gold breaks the key support, closes below such and the floating dynamic ema whilst invalidating the market structure. Going forwards I can see price still ranging between the lower $2,500's with perhaps a lower high in the smaller time frames created around $2,506 as a short term target before aiming for longer term target of $2,550 and so on.
BLACKBULL:XAUUSDLong
by OfficialKieranTrewick
Lingrid | ETHUSDT building Block of ACCUMUALTION Befor ExpansionBINANCE:ETHUSDT is clearly in the accumulation phase, sitting just below the psychological level of 3000. Recently, the price hit a support level that was also tested back in February and subsequently bounced off it. Over the past three weeks, we've observed mostly sideways movement. When examining the weekly timeframe, it's evident that the market formed a long-tailed bar, indicating a liquidity grab below the February low. This suggests that there was strong buying interest after the dip. Given that the market has retested the recent low area and rebounded, I believe we can expect a gradual upward movement from here. My target is resistance zone around 2950. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
Nvidia Stock Soars On Blowout GuidanceSoaring demand for the chips needed to train the latest wave of generative artificial intelligence systems such as ChatGPT led Nvidia to issue a revenue forecast far ahead of Wall Street expectations, prompting a surge in its stock price in after market trading. The US chipmaker on Wednesday said it expected sales to reach 11bn dollar in the three months to the end of July, more than 50 per cent ahead of the 7.2bn dollar analysts had been expecting and confirming its position as the biggest short-term beneficiary of the AI race that has broken out in the technology industry. The forecast fuelled a 27 per cent leap in Nvidia’s shares, which had already more than doubled since the start of the year, and lifted its stock market value to a record 960 bn dollar. Jensen Huang, chief executive, said the company was “significantly increasing our supply to meet surging demand” for its entire family of data centre chips, including the H100, a product launched this year that was designed to handle the demands of so-called large language models such as OpenAI’s GPT4. The race in the tech industry to develop larger AI models has led some customers to worry privately about a shortage of H100 chips, which only went on sale earlier this year. However, Nvidia’s $4.28bn in sales to data centre customers in its latest quarter topped even the most optimistic analysts’ forecasts, and the company said there had been strong sales of both the H100 and its A100 chips, based on its previous chip architecture. Nvidia’s forecast noted a potential doubling of sales to data centre customers in three months, even though data centre sales were running at an annualised rate of $17bn in the opening quarter of this year. Growth is coming from customers across the board, Kress said, with consumer internet companies, cloud computing providers and enterprise customers all rushing to apply the generative AI to their businesses. The bullish forecast came as Nvidia reported revenue and earnings in its latest quarter, to the end of April, had also topped forecasts, thanks to a jump in sales to data centre customers as demand for AI took off. Revenue reached $7.19bn, up 19 per cent from the preceding three months but down 13 per cent from the year before, as sales of chips for gaming systems dropped. Earnings per share rose 22 per cent from a year before to 82 cents, or $1.09 on the pro forma basis Wall Street judges the company. The consensus view on Wall Street had been for revenue of $6.52bn and pro forma earnings of 92 cents a share. now let's delve into the numbers. Nvidia's different business units did not all perform equally well during the quarter - which can be expected, of course. Nvidia's data center business grossed revenues of $4.3 billion during the first quarter, which represents a new record high. Data center demand is not very cyclical, and companies kept investing in new equipment despite a potential recession being on the horizon. This can be explained by the fact that data centers are mission critical for many companies, so they don't really have a lot of choice when it comes to allocating capital to this space. Strong data center sales also have been seen in the results of other chip companies such as Advanced Micro Devices (AMD). Both Nvidia and AMD also were able to benefit from the weak performance of their competitor Intel (INTC), as Intel has been losing market share in the data center space in recent quarters due to self-inflicted problems and an unconvincing product line-up. Nvidia is a major graphic chip or GPU player and is thus heavily impacted by the performance of related end markets. This includes both cryptocurrency mining and gaming. While some cryptocurrencies can't be mined with GPUs economically, such as Bitcoin, others, such as Ethereum, can be mined with GPUs. Ethereum moved from a proof-of-work model to a proof-of-stake model in the fall of 2022, but some miners still use GPUs for Ethereum mining. Not surprisingly, Nvidia's sales to this end market depend on the price for cryptocurrencies - when cryptocurrencies are expensive, miners are more eager to acquire additional GPUs and they may also be willing to pay high prices for them. During times when cryptocurrencies are less expensive, mining is less profitable, and GPU demand from cryptocurrency miners wanes. This has had an impact on Nvidia's sales in the past and likely played a role in Nvidia's Q1 sales as well. GPU sales have been under pressure in recent quarters due to lower demand by gamers as well. Many that like to play video games upgraded their hardware during the lockdown phase of the pandemic when staying at home meant that consumers had more time for video games. With many gamers having relatively new equipment, demand has declined in the recent past. At the same time, inflation pressures consumers' ability to spend on discretionary goods. On top of that, some consumers prefer to spend their money on experiences over things now as there are no lockdowns or travel restrictions in place any longer. All in all, this has resulted in a difficult macro environment for Nvidia's gaming business. Combined, the headwinds for the gaming market and the cryptocurrency market explain why Nvidia's sales and profits kept declining during the most recent quarter, relative to the results the company was able to generate one year earlier. The strong performance in the data center space was not enough to offset the headwinds Nvidia experienced in other areas. I personally going to take huge profit right now and wait for 250 $ levels
NASDAQ:NVDA
by moonypto
5