SPY S&P 500 ETF Options ahead of the FOMC decision After the 2023 price target was reached:
Now Powell's likely to take a hawkish stance tomorrow, given the CPI, PPI, and GDP data.
Interest rate cuts probably won't happen before June, in my opinion, potentially causing both indices and the crypto market to decline.
I would consider purchasing the 489usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $3.13.
My end of the year Price Target for SPY, the S&P 500 ETF, is $540.
Signalsfree
XAUUSD : Gold continues to wait for the FOMC meetingGold is under pressure as investors wait for the Fed interest rate meeting
Gold recovered slightly as the USD slowed down and investors prepared for the Fed meeting on Thursday.
During the March 18 session, gold fell sharply from $2,159 to $2,146 when the USD was supported by the increase in US government bond yields before turning up and ending the day around $2,160 when the USD leveled off. Precious metals cannot break out as economic data is still good and the Fed interest rate outlook is still "hawkish".
There will be no important economic data from the US today and tomorrow until Thursday when the Fed's interest rate meeting begins. Currently, gold is trading around $2,160.
ZTO Express Options Ahead of Earnings Analyzing the options chain and the chart patterns of ZTO Express prior to the earnings report this week,
I would consider purchasing the 22usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $1.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
XAUUSD : Gold is in focus in the news todayGold weakens after US PPI data, focus turns to consumer sentiment report.
Gold falls lower as PPI data is better than expected, boosting USD and US government bond yields.
In the March 14 session, gold weakened after the release of US PPI data increased higher than expected, causing the market to lower the price of interest rate cuts. The precious metal fell from $2,171 to $2,152 following the news but then had a slight upward correction to end the day at $2,158. With the recent PPI data, the Fed will have to consider delaying the policy pivot, which could put pressure on precious metals.
Today, the market will receive the consumer confidence index and the Empire State manufacturing index. Currently, gold is increasing slightly to $2,164.
$BTC to $230k USDBITSTAMP:BTCUSD to $230k this Bull Market...
I will keep this Idea posting short and to the point. My prediction for this bull market of 2024-2025 is to see CRYPTOCAP:BTC reach an " all time high " of $229,563.
Now that Bitcoin is trading above the previous ATH (all time high) of ~ $69,000, depending on your exchange data, the question becomes "where will Bitcoin trade to?"
Seeing as Bitcoin is back to No Mans Land , we can only assume what price levels it will reach for. Although Whole Numbers in PA (Price Action) are relevant and will play a role in price, its only part of the story.
The logic behind this prediction will be shared at a later time in this post.
$230k 2024-2025 Bull Run Price Target
$230k (rounded up) is the "top out" for this bull market. However this post is also to help you, the reader have an Exit Plan .
I would strongly recommend at $202,803.00 ($202k rounded down) you start taking profit on CRYPTOCAP:BTC if you have not already by that time.
As we approach these price targets I will update this post accordingly. Until then, Good Luck & Good Trading.
XAUUSD : Gold prices fell after US CPI was higher than forecastGold price adjusted to $2,160 after US CPI news.
During the March 12 session, gold adjusted sharply down after the US CPI data was released and the precious metal is currently trading around $2,160. With the RSI indicator starting to trend downward after touching the overbought zone, XAU/USD may also correct in the near future. Gold's current support is around the old peak at $2,145, beyond which is the $2,088 threshold.
For gold prices to surpass $2,200, it may require a stronger interest rate cut from the Fed. But, below are possible reasons why that won't happen.
XAUUSD : Will the upward trend continue?Although interest rates are still remaining high, gold prices are remaining stable and history has proven that gold prices will respond positively to lower interest rates and quantitative easing. Besides, geopolitical risks and unexpected crises can also be the reason to push gold prices higher.
Despite record high interest rates, gold shows notable upside potential. We all know that precious metals often move in the opposite direction of interest rates. In other words, the correlation between interest rates and gold is always opposite.
Real interest rates are fluctuating close to 2008 levels. However, even though real interest rates are quite high, gold prices are also recording an increase. There was a time when interest rates were similarly high, and gold prices were just near the $1,000/ounce mark. So with interest rates like this, gold should be trading around 1000 USD/ounce. But gold prices have been trading steadily above $2,000 for a while. In fact, they are not falling despite multiple rate hikes in 2022 and 2023.
In addition to interest rate cuts and the possibility of an economic recession, there are also geopolitical risks that could cause gold to surge in price. Here are just some of them:
Tensions escalate between Taiwan between the US and China. Remember that the stock market reacted quite negatively to the trade war between China and the US in 2019 and it is possible that a similar situation will repeat.
Conflict is growing between NATO and Russia. This can lead to political, military and economic problems as well.
Tensions increase in the Middle East. A lot has been written about the Houthis in the Red Sea. But the situation could become more serious. For example, Iran could become more directly involved and cause oil supply disruptions and general geopolitical instability.
Of course, there are still many other risks. These factors could push gold prices even higher.
BYND Beyond Meat Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BYND Beyond Meat prior to the earnings report this week,
I would consider purchasing the 10usd strike price in the money Puts with
an expiration date of 2024-4-19,
for a premium of approximately $3.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AVGO Broadcom Options Ahead of EarningsAfter the Head and Shoulders chart pattern was perfectly completed:
and the bullish trend started:
Now analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week,
I would consider purchasing the 1380usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $129.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WKHS Workhorse Group Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WKHS Workhorse Group prior to the earnings report this week,
I would consider purchasing the 0.50usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $0.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Potential reversal stock split announcement soon, in my opinion!
XAUUSD : Gold is creating an all-time record for himselfThe US Dollar Weakens, While Gold and Bitcoin Reach New Highs Ahead of NFP Report.
In a speech before the Senate Banking Committee yesterday, Fed Chairman Jerome Powell hinted that interest rates may soon fall, saying, "If the economy performs as expected, the Fed is cautious about easing loosen monetary policy in the near future", and he also added: "The Fed is waiting to be confident that inflation will stabilize at 2%. When we have that confidence it will be The right time to reduce interest rates to prevent the economy from falling into recession."
Previously, yesterday the ECB decided to keep interest rates unchanged as expected by the market. Speaking at the press conference after the meeting, ECB President Christine Lagarde also emphasized that interest rate cuts will happen soon in the future when more important macroeconomic data becomes available.
XAUUSD : Gold will continue to create new records for itselfGold continues to rise after Chairman Powell's first testimony
Gold prices extended their upward momentum after Chairman Powell leaned toward the "dovish" side and reported a lower-than-expected JOLTS.
During the March 6 session, gold prices maintained their upward momentum, supported when Fed Chairman Powell leaned towards the "dovish" side in his first hearing. He believes that the Fed can completely cut interest rates this year and interest rates have peaked. The strongest increase occurred in the European session when gold rebounded from $2,125 and closed the session at $2,148. Precious metals were also supported by a weaker-than-expected JOLTS jobs report.
Today, the market will receive Chairman Powell's next testimony before the Senate, then on Friday will release the expected NFP data. Currently, gold is slightly down to $2,145.
It is expected that gold will continue to increase strongly to 2168 and then the 2188 area and if USD data continues to be too bad, there is a high possibility that gold will touch 2200, creating an all-time high.
XAUUSD : Gold maintains strength amid pressure on USDGold prices extend strong gains as USD comes under pressure, focus turns to today's services PMI report.
In the March 4 session, gold prices extended their strong upward momentum in the context of the greenback being under pressure. In the European session, gold increased sharply from $2,083 to over $2,100 and closed the session at $2,119. Lower-than-expected US economic data and the weakening of the USD continue to be supportive stepping stones for precious metals.
Today, the market will receive the US services PMI report, before Fed Chairman Powell's hearing and the JOLTS jobs report on Wednesday. Currently, gold is falling slightly to $2,112.
XAUUSD : Gold finds old peak after USD data.Gold shows outstanding strength after US economic data releases.
Gold prices rebounded sharply after US PCE data matched estimates, along with a manufacturing PMI report and a lower-than-expected consumer confidence index.
This past week, gold prices rallied from $2,028, broke through the $2,050 resistance, and pushed to $2,083 after the US core PCE report matched estimates, along with manufacturing PMI and index reports. US consumer confidence is lower than expected, demonstrating the weakness of the world's largest economy.
However, the market still needs to be careful with important US economic data this week, including the services PMI report, Fed Chairman Powell's hearing and the JOLTS jobs report. Currently, gold is stable around $2,083.
Alikze »» MBOX | Elliott wave 3 scenarioIn the 1W Timeframe, after exiting from the density and support in the green box, it currently has a suitable guard in view of Elliott's ascending wave 3 to continue the path, which will open the first red box in the first step, and if it fails, the ascending path will open for the next area. became.
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XAUUSD : Gold rebounded after US inflation dataGold prices rebounded after US PCE data matched estimates, supporting expectations of interest rate cuts in the near future.
During the February 29 session, gold prices increased sharply from $2,028 to $2,050 after the US core PCE report completely coincided with market predictions. The precious metal then fell slightly and ended the day at $2,044. It is still important to note that the interest rate probability at the Fed's March and May meetings has not changed much as the bank wants to wait for more data before making the next decision. This will limit the rise of precious metals in the near future.
Today, the market continues to receive the next important data from the United States, including ISM's manufacturing PMI data and the University of Michigan's consumer confidence report. Currently, gold is trading around $2,044.
XAUUSD : Awaiting the US core PCE report!Gold prices rebounded thanks to Middle East geopolitical tensions and US GDP figures missing estimates.
During the February 27 session, gold prices increased sharply from $2,024 to $2,037 as geopolitical tensions increased and US GDP figures were lower than expected. However, precious metals have not been able to extend their upward momentum in the context that investors remain cautious before today's US inflation data.
Today, the market will receive the core PCE report - the Fed's favorite inflation measure. In case the data rises higher than expected, the market will continue to lower the valuation of the Fed's interest rate cut, thereby putting pressure on gold. Currently, gold is rising to $2,034.
XAUUSD : Gold awaits US economic dataGold's implied volatility from the derivatives market remains low and there are few signs of a spike.
Typically, gold prices increase during periods of high volatility and decline during periods of lower volatility.
However, weakness in the USD and US government bond yields on Tuesday helped prolong gold's rally. Gold prices tend to move inversely to the USD because the weakening of the greenback allows investors to buy the precious metal at lower prices.
Gold is performing well as markets weigh up interest rate cuts in 2024. At the end of last year, 2024 was seen as a strong year for gold as interest rate cuts were expected coming as early as Q1, with about six 25bps cuts priced in for the Fed. Lower interest rates make precious metals more attractive, along with geopolitical tensions continuing to increase.
However, markets later downgraded the valuation to three rate cuts for the year. Therefore, government bond yields have increased again but gold still maintains its price quite well. According to a report from Reuters, in January, net imports of gold into China via Hong Kong reached their highest level since mid-2018, central bank purchases helped support gold prices along with the The middle class seeks to preserve assets in the context of difficulties in the real estate sector.
Gold is currently near trendline support, with the 50-day SMA as current resistance. The $2050 level is a hurdle for the bulls while a dip to $2010 would push the precious metal towards $1985 but for now gold is unlikely to break out strongly unless the US Q4 GDP data or the PCE index surprise.
XAUUSD : Waiting for upcoming US economic dataGold rebounded to $2,040 following a decline in US unemployment claims, with focus shifting to key economic data next week.
Over the past week, gold prices fell to $2,020 following PMI data and US unemployment claims on Thursday but then recovered to $2,040 heading into the weekend. In the context that Fed officials are not yet ready to cut interest rates and the S&P 500 has increased recently, precious metals are not expected to break out at present. Gold is currently trading at $2,033.
Next week, the market will receive many important economic data including the consumer confidence report, US GDP data and the core PCE index - the Fed's preferred inflation measure.
BIDU Baidu Options Ahead of EarningsIf you haven`t bought the dip on BIDU:
Then analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week,
I would consider purchasing the 120usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $6.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
OXY Occidental Petroleum Options Ahead of EarningsIf you haven`t bought OXY before the last run:
Then analyzing the options chain and the chart patterns of OXY Occidental Petroleum prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $2.32.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
JOBY Aviation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of JOBY Aviation prior to the earnings report this week,
I would consider purchasing the 7usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DE Deere & Company Options Ahead of EarningsIf you haven`t sold DE before the previous earnings:
Then analyzing the options chain and the chart patterns of DE Deere & Company prior to the earnings report this week,
I would consider purchasing the 400usd strike price Calls with
an expiration date of 2024-2-23,
for a premium of approximately $4.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.