Gold buy trade just started gaining positive traction and support prospects for a further appreciating move for the Gold price. Hence, some follow-through strength towards reclaiming the $2,700 mark, en route to the $2,720-2,722 supply zone, looks like a distinct possibility.
Gold buy 2665
Target 2717
Supply and Demand
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Another good week on the markets with Gold doing what we wanted as per yesterdays trade idea. We got the high, got the low, then the tap and bounce for the long up into the target level which was shared with the wider community. We're also following the path on the Election Special analysis which is working well so far.
Now we have identified the key level above, we'll be looking for price to attempt it, and if we reject, we can get that pullback many traders are waiting for,
For now, job done.
As always, trade safe.
KOG
BankNifty Intraday Support & Resistance Levels for 13.12.2024On Thursday, BankNifty opened negative, briefly climbing to a high of 53537.45 before sliding to a low of 53174.40. It closed at 53216.45, down 175 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive, indicating underlying strength.
Demand/Support Zones
Near Demand/Support Zone (125m): 52563.20 - 52780.90
Far Demand/Support Zone (Daily): 51693.95 - 52197.25
Far Demand/Support Zone (125m): 51693.95 - 51906.90
Supply/Resistance Zones
Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested)
Nasdaq Futures Today: Key Trading Zones and Proven Strategies!Dive into today's analysis of Nasdaq futures (December 12, 2024) and uncover the insights you need to trade confidently. Here's what you'll find:
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CADJPY: Ready to Climb Higher**CADJPY Update**
After consolidating within a horizontal range for over a week, a major news release yesterday triggered a bullish shift in the pair.
On the 4-hour chart, the price has broken above the range's resistance level, signaling potential upward momentum.
The next resistance to watch is at 108.49.
Intraday Levels for Nasdaq 100 Futures - 12/12/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
POSSIBLE BULLISH SET UP ON NZDUSDNZDUSD is reacting on weekly support level , has rejected for the first time and it is coming back to test the support for the second time to give us "W" pattern known as double bottom. Another confluence spotted is the break of 4hr trend line and it is having its way back to retest the trend line and the support level at same area. lets patiently wait for the touch and our bull candle confirmation to take the buys.
SOL - bullish analysis based Wyckoff theoryIn my theory it’s look like Solana has the potential to keep growing and now I believe we had a correction in phase E (in wyckoff) and now it’s the very last points to join before the big grow.
Some basic explanations about the concepts in the following image:
- bc: buying climate
- sc: selling climates
- ar: automatic rally
- st: secondary test
- tso: terminal shake out
- sos: sign of strength
XAU/USD 12 December 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as analysis dated 25 November 2024. Awaiting candle closure to confirm bullish iBOS
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
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.
Price Action Analysis:
As highlighted in yesterday's analysis dated 11 December 2024, price was expected to print a bullish iBOS to narrow the internal range, and this is precisely how price printed.
Following bullish iBOS, price printed a bearish iBOS.
We are now trading within an established internal range. While price has not yet printed a bearish CHoCH, it has traded up to the premium of the 50% internal EQ.
Intraday Expectation:
Price is currently trading within the premium of internal 50% EQ. Technically, price is expected to target the weak internal low at 2,700.810.
Alternative Scenario:
Price may potentially seek further liquidity to complete a bullish iBOS on the H4, therefore, bearish momentum may face limitations.
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: