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Supply and Demand

NQ Power Range Report with FIB Ext - 11/1/2024 SessionCME_MINI:NQZ2024 - PR High: 20112.50 - PR Low: 20064.00 - NZ Spread: 108.5 Key scheduled economic events 08:30 | Average Hourly Earnings - Nonfarm Payrolls - Unemployment Rate 10:00 | ISM Manufacturing PMI - ISM Manufacturing Prices 10:45 | S&P Global US Manufacturing PMI New lows to close October below 20100 - Holding previous session lows Session Open Stats (As of 12:55 AM 11/1) - Weekend Gap: +0.24 (filled) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 296.40 - Volume: 28K - Open Int: 257K - Trend Grade: Bull - From BA ATH: -5.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024Short
by mv3trader5
FET Solid Long Entry & TargetA few untested KEY levels below would be a nice place to enter a long trade if we get the reaction we are looking for. The target would be the Value Area High & other untested KEY levels above. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
2
BITCOIN TARGETING ALL TIME HIGHS - BTC LONG IDEAI projected and shared the idea that Bitcoin would reach $70,000 and potentially $73,000 within a few days. It happened in just two days! I hope you took the trade and made some profits, as I did. Now, I’m preparing to position myself with the expectation that we’ll reach all-time highs within a week or two. We recently broke a massive bearish trendline that has held since March 2024. Just before that, a daily demand zone formed, which helped break the trendline, making it a key area for me. Additionally, the equilibrium level of the bullish leg aligns perfectly with my point of interest. I expect the price to retrace to the daily demand zone, hit the discount Fibonacci area, test the trendline, and take off from there toward new all-time highs. Of course, I’ll be looking for lower time-frame confirmations before initiating a long position.
Long
by UA_CAPITAL
2
THE KOG REPORT - UpdateEnd of day update from us here at KOG: In Sunday's KOG Report we gave the levels of interest above that we wanted to long into and then said we would be looking for RIPs there to short the market. We did get a bit of a stretch and range above, but the 2780-85 region worked well together with KOG's bias of the day completing all the bullish targets and then giving us the move down that we wanted today following the bias level targets and the red boxes. A phenomenal move on Gold which may have caught many traders by surprise, but after the move we've had, it's normal to see this type of pullback. Now we've tapped into the order region and price looks like it's exhausting, we will suggest no shorting here, rather be looking for the 2730 level to hold us up and for there to be a potential move upside into the initial levels of 2745 and above that 2750. Expect there to be a lot of ranging and choppy price action now pre-event NFP tomorrow. For now, that's been a pretty accurate week again for the KOG Report. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
6
Gold: Bearish Correction Expected Before Potential BreakoutTechnical Analyze: The price continues to consolidate between 2,775 and 2,788, though a strong corrective move towards 2,758 appears likely. A bearish correction to 2,758 is anticipated before any potential breakout above 2,788. Bullish Scenario: If the price breaks and stabilizes above the resistance at 2,788, it will likely continue upward toward 2,804 and 2,816, aligning with the next bullish target. Bearish Scenario: Stability below 2,775 would support a bearish correction to 2,758. A 1-hour or 4-hour candle close below 2,758 would further confirm a downward move toward 2,738. Key Levels: Pivot Point: 2781 Resistance Levels: 2790, 2804, 2816 Support Levels: 2769, 2758, 2738 Trend Outlook: Correction til 2769 or 2758 Above 2788: Uptrend Under 2758: Downtrend
OANDA:XAUUSDLong
by SroshMayi
USDT Dominance can surprise everyone First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT . the signs say that either wave G is not over or we have an X wave, which means that USDT Dominance can drop back to the green box. If the green box does not support USDT Dominance it could be a deep drop. Bitcoin's dominance is bullish, so the price of bitcoin can become very bullish in the coming days. Even the news of the war could not bullish USDT Dominance, which means that the situation of USDT Dominance is bad. We have shown the new movement of USDT Dominance with an orange arrow on the chart For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTOCAP:USDT.D
by behdark
3
MARKET NEXT CORRECTION AREASAdditionally, any decline in gold may present buying opportunities as the metal remains a favored hedge amid inflation and heightened global tensions. If momentum persists and resistance levels at $2,751 and $2,800 are decisively breached, analysts project that gold could aim for new highs around $2,820 or higher. However, a break below $2,710 could suggest a deeper correction to $2,685 before buyers re-enter the market In the current gold market, analysts expect a potential retracement following a significant rally, reaching near all-time highs driven by geopolitical uncertainties and Federal Reserve rate cuts. Gold has been hovering around resistance points in the $2,700-$2,800 range as October progresses, and technical indicators suggest possible corrections due to overbought conditions. Specifically, gold’s Fibonacci support level around $2,733 could mark a key area for short-term pullbacks, possibly to $2,700 or lower, before an anticipated continuation upward in Q4 due to seasonal patterns
OANDA:XAUUSDShort
by BELLATRIXFX
3