GOLD/ Price Tests ATH Zone: Key Breakout or Bearish Reversal?GOLD
The price is trading in a sensitive zone near its all-time high (ATH). A 4-hour candle close above the ATH at 2,758 would confirm a bullish trend, with potential targets at 2,775 and 2,785.
Alternatively, the price should stabilize below 2,757 to maintain a bearish outlook, aiming for levels at 2,738 and 2,712.
Key Levels:
Pivot Point: 2758
Resistance Levels: 2775, 2785, 2797
Support Levels: 2738, 2712, 2695
Trend Outlook:
Under 2758: Downtrend
Above 2758: Uptrend
Supply and Demand
NQ Power Range Report with FIB Ext - 10/29/2024 SessionCME_MINI:NQZ2024
- PR High: 20525.50
- PR Low: 20489.25
- NZ Spread: 81.25
Key scheduled economic events
10:00 | CB Consumer Confidence
JOLTs Job Openings
Weekend gap filled
- Advertising rotation short off ~20711, month high
Session Open Stats (As of 1:05 AM 10/29)
- Weekend Gap: +0.24 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 277.97
- Volume: 24K
- Open Int: 249K
- Trend Grade: Bull
- From BA ATH: -3.4% (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
BTCUSDT Potentially BullishHi there,
The level 65909.01 is a strong support area, and it has a higher low at 66503.10.
The AB distance multiplied by 1.618 equals the distance CX, estimated to be 70738.26, with one price target of 69898.56.
If the price breaches 67370.92, then the setup will be invalid.
Happy trading,
K.
Perfectly achieved goal 2757The market is crazy.
After buying gold at 2741 price. Had a good nap. Hit the target directly.
I think there is nothing more pleasant than this. Is it because yesterday's market fluctuations were too stable, so today I was given a small surprise in advance?
I believe many people have seen the quick trading strategy I posted and bought it. That is worth toasting.
This is the fast trading strategy.It is a beacon on the road.It guides you in the direction and allows you to see the road clearly in the dark night.
OANDA:XAUUSD COMEX:GC1! CAPITALCOM:GOLD BITSTAMP:BTCUSD COMEX_MINI:MGC1!
Gold short-term day trading plan.From the trend point of view. Compared with long and short positions, the bulls are still slightly stronger. So the operation is still mainly based on low buying.
The intraday trend maintains high fluctuations. The amplitude is about 15 US dollars. But it finally returned to the high level in the New York market, which is enough to prove the strength of the bulls.
At present, the gold price is maintained at the 2741 line. The analyst of the fast trading team said that in the short term, it can be maintained at a low buy below the price of 2735. Whether the pressure of the upper 2760 line can be broken. If it breaks through, continue to go long. If the pressure is very high. Then short selling at high levels can be maintained in the short term. Short selling at a high level. (This view is for reference only) Specific transactions are mainly based on real-time notifications.
There was no loss in trading failures on Monday. Others look at the record by the winning rate. I only measure the record by the losing record.
The fast trading strategy is tailored for: novices. Trading losses, those who want to expand profits but do not expand profits, and those who are unclear about the direction and do not know how to analyze the market. If you are also. Then you can try to change your trading style with fast trading strategies and get rid of those hateful labels. OANDA:XAUUSD CAPITALCOM:GOLD BITSTAMP:BTCUSD NYMEX:MCL1! BINANCE:BTCUSDT
ZEN buy setup (1D)The large ZEN structure is not bearish given the higher Ls!
We have a liquidity pool at the bottom of the chart. With the sweep of this pool, we expect the price to pump by hitting the green range.
The target can be the red box.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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