Supply and Demand
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The daily timeframe is trending up. New daily demand levels are being created and respected. A new imbalance is being created. Watch the video below to learn more about Simon’s Cat Meme Coin projections for 2024 and 2025. Let's see if it drops to the new daily imbalance being created at 0.000044.
US30 SWING TRADE IDEA, FOR 16TH, DEC 2024.The Dow Jones Industrial (US30) is technically on an overall uptrend but currently recovering from a short-term downtrend retracement, with possible chances for an entry if an opportunity presents itself.
NB: All ideas are personal and probable Analysis for educational purposes, no accountability will be held if any loss is incurred. trade carefully and responsibly because the markets are risky walk wisely.
GOLD / Pivot Line Ahead FED Rate decision Gold Technical Analysis
The market will move under the key events of the FED Rate and GDP it will be a volatile week for gold.
The price dropped about 250 pip as we mentioned yesterday.
Now should break 2638 by closing 4h candle to be bearish till 2623, Otherwise stability above 2638 will try to touch 2653.
Key Levels:
Pivot Point: 2638
Resistance Levels: 2653, 2665, 2678
Support Levels: 2623, 2612, 2612
previous idea:
UPDATE ON GBP/USD TRADE FROM SSGBP/USD 1H - As you can see price came to trade down and into the Demand Zone below and has since pushed up breaking structure to the upside and delivering us with the bullishness we predicted.
Price has also given us a second chance to enter in on this market since the break of structure to the upside for those of you who are less pre-emptive and wait for further confirmation, ie the BOS.
This trade is running + 90 pips. (+ 4.4%) 4.4RR
You will notice that after the BOS price then came back down to re-test the are that was initially broken, this is a classic break and re-test trade where price comes to test the area of interest before trading higher.
You will notice that there is an area of Demand that was there ready to be cleared and it was but it also an area of Support that was once acting as an area of Resistance, giving us that classic break and re-test trading opportunity.
XAU/USD 17 December 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase.
Price Action Analysis:
Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity,
for two possible reasons.
1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high.
2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855.
Intraday Expectation:
Intraday expectation and alternative scenario as per points 1 and 2.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price Action Analysis:
Since last analysis dated 13 December 2024, price has printed a double bearish iBOS
Bullish CHoCH has been printed, therefore, we are now trading within an established internal structure.
Intraday Expectation:
Price has tapped in to M15 supply zone. Technically price to target weak internal low priced at 2,643.595.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Update levels on GBPAUD 11.12.24According to the previous analysis, a lot has changed, although we can still consider the top as a double top, but the whole formation seems to be more of a head and shoulders. I am currently following two long scenarios, in case the price breaks through or holds 1.960000, if it falls below 1.928963, then I would start thinking about a short position with a target below we have enough of them so we'll see
NQ Power Range Report with FIB Ext - 12/17/2024 SessionCME_MINI:NQH2025
- PR High: 22412.50
- PR Low: 22376.50
- NZ Spread: 80.5
Key scheduled economic events:
08:30 | Retail Sales (Core|MoM)
ATH raised nearly 250 points
- Volume shifting into contract month H25
- Holding previous session highs
Session Open Stats (As of 12:25 AM 12/17)
- Weekend Gap: N/A
- Session Gap 12/13 +0.42% (open < 21640)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 290.00
- Volume: 14K
- Open Int: 145K
- Trend Grade: Bull
- From BA ATH: -0.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
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
XAUUSD BUY ZONE XAUUSD Analysis – Potential Bullish Reversal from Support Zone
Gold (XAUUSD) is trading at a key support area around 2640-2650, showing signs of a potential bounce for a bullish reversal.
Technical Overview:
Support Zone: 2640 (marked as a critical demand area)
Resistance Targets:
First Resistance: 2675
Second Resistance: 2690
Third Resistance: 2705+
Trend Outlook: Gold has shown a significant downtrend, breaking out of the bullish channel. However, price action near support suggests that buyers are stepping in, indicating a possible bullish reversal.
Trade Idea:
Look for buy opportunities near the 2640-2650 zone.
Stop Loss: Below 2640 (to protect against further downside).
Take Profit: Gradual targets at 2675, 2690, and higher if momentum builds.
Notes:
The reversal depends on the strength of support. If Gold holds the 2640 level, expect an upward move.
Wait for confirmation of bullish candles or volume before entering.
Trade safely and manage risk appropriately. Let’s see how the market reacts! 📈✨
AGLD looks bullish (1D)It appears that AGLD is forming a triangle, with wave E of this triangle not yet complete.
If it reaches the green zone, we will look for buy/long positions.
The targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Platinum in deep consolidation TerritoryThe 70% to drop after my Nov 18th post turned out to be 100%
Now we are in deep consolidation going into the closing of this yearly candle
I predict we will drop further coming into the year but a sweep of the highs first.
There is actually no real way to predict which side will unload 1st to start the volatility so we remain cautious and super suspicious of the low volume going into the new year
AEVO ANALYSIS (1D)It seems to be completing a triangle. If it reaches the green limit, we will look for buy/long positions.
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
EUR/USD: Short-Term Pullback Before Weekly Bullish ContinuationYesterday's idea worked perfectly, hitting the take-profit target at 1.04925, as expected. As I mentioned, a pullback to the upside occurred after reaching that area.
For today's trade, the daily timeframe bias remains bearish, with a target towards 1.04748. This makes it clear that today's position is a sell.
Looking at the market structure, the NYPM session high has been broken, and there's a Market Structure Shift (MSS) around 1.05192. I plan to wait for the price to return to the FVG zone near 1.05248 before entering a sell position. My take-profit target is set at 1.04982.
Let’s wait and see how this plays out!