GRMOVERGRMOVER
daily timeframe
i just shared my experience it is not an invite or recommendation to trade.
if youn any doubt means Please leave comments for any query.
best wishes
DYSON
Supply and Demand
Bullish on GoldSometime last week I posted about how this commodity was in a range and how if it ever hit the bottom of the range we should place trades of buy positions or if it ever broke out to the upside, we should look for buy positions.
this one is hindsight but I caught it while it was in motion form the point of entry to the point of take profit
CADJPY: Time to Grow HigherCADJPY was consolidating within a horizontal range for more than a week before a significant news release yesterday caused the pair to become more bullish.
The price successfully broke above a resistance level on the range on 4-hour timeframe.
It is likely that we will see an bullish movement next, with the next resistance level to watch for at 108.49.
Technical Analysis of Gold Spot (XAU/USD) - 1H ChartThe chart reflects a bullish continuation with the price currently trading near $2,713, having broken above key levels of resistance. The market appears to be consolidating above $2,706 (NY Midnight Open), signaling a potential continuation or a pullback before the next move. Below is a detailed analysis of bullish and bearish scenarios with probable entry and exit points.
Key Observations
Trend Overview:
Price is in a strong uptrend, with higher highs and higher lows observed on the chart.
The breakout above $2,706 confirms bullish momentum, with the next major resistance at $2,758.
Support Levels:
$2,706–$2,708: Immediate support zone, aligned with the NY Midnight Open level.
$2,680–$2,685: Secondary support zone, marking the prior breakout area.
$2,661–$2,663: Key demand zone where strong buying activity occurred earlier.
Resistance Levels:
$2,713–$2,718: Immediate resistance zone currently being tested.
$2,740–$2,745: Major resistance zone and breakout target for continued bullish momentum.
$2,758–$2,760: Extended resistance zone, marking the final bullish target.
Volume Analysis:
Buy Volume (3.499M) vs. Sell Volume (878.6K): Indicates strong buying pressure driving the current uptrend.
Delta Volume (119.72%): Suggests buyers remain in control despite some profit-taking at higher levels.
Bullish Scenario
Conditions for a Bullish Move:
Price must sustain above the $2,706–$2,708 support zone and break through $2,718 with strong volume.
Continued buying pressure would likely push the price toward higher resistance levels.
Entry Points:
Aggressive Entry: Buy near the $2,706–$2,708 support zone, with a stop-loss below $2,700.
Conservative Entry: Enter after a confirmed breakout and retest above $2,718, with a stop-loss below $2,710.
Exit Points (Take Profit):
First Target: $2,740 (key resistance zone).
Second Target: $2,758 (extended bullish target).
Final Target: $2,760 (major resistance zone).
Invalidation:
A breakdown below $2,700 would invalidate the bullish scenario.
Bearish Scenario
Conditions for a Bearish Move:
Price fails to break above $2,718, indicating rejection at resistance.
A confirmed breakdown below $2,706 would signal bearish momentum.
Entry Points:
Aggressive Entry: Short near $2,713, with a stop-loss above $2,720.
Conservative Entry: Enter short after a confirmed breakdown below $2,706, with a stop-loss above $2,712.
Exit Points (Take Profit):
First Target: $2,685–$2,680 (secondary support zone).
Second Target: $2,663 (key demand zone).
Final Target: $2,661–$2,660 (extended bearish target).
Invalidation:
A breakout above $2,720 would invalidate the bearish scenario.
Key Indicators to Monitor
Volume Dynamics:
Increasing buy volume above $2,713 will confirm bullish continuation.
Rising sell volume near $2,718 could indicate rejection and a potential pullback.
Breakout or Breakdown Confirmation:
A breakout above $2,718 signals further bullish continuation toward $2,740 or higher.
A breakdown below $2,706 would signal bearish momentum and potential correction.
Candle Structure:
Sustained bullish candles with minimal upper wicks signal continuation.
Reversal candles with long upper wicks near resistance indicate selling pressure.
Summary of Probable Entry & Exit Points
Scenario Entry Zone Stop-Loss Target Levels
Bullish $2,706–$2,708 (Aggressive) or above $2,718 (Conservative) $2,700 $2,740, $2,758, $2,760
Bearish $2,713 (Aggressive) or below $2,706 (Conservative) $2,720 $2,685, $2,663, $2,660
Conclusion
Bullish Outlook: Sustained buying above $2,718 could push the price toward $2,740–$2,760.
Bearish Outlook: Rejection at $2,718 or a breakdown below $2,706 could trigger a pullback toward $2,685–$2,660.
Traders should monitor price action and volume near $2,718 resistance and $2,706 support for confirmation of the next move. Tight stop-losses are essential to manage risk in this breakout/pullback scenario.
EURUSD Chart AnalysisI follow Photon Strategy:
Weekly: Lot of LQ below 1.04264
4H:
Swing: Bearish
Internal: Bullish, Pulled back below EQ
M15:
Swing: Bearish
Internal: Not yet turned bullish, may happen during the London session
Sells: At extreme POI, 1.05242 will be HP
Buys: After Asian low LQ taken out will be HP
4H Chart:
BTCUSD Potentially Going Lower.Hi there,
BTCUSD on the H2 chart needs to break the trendline marked as "trendlinex," which indicates bullish pressure attempting to reverse the bearish momentum significantly.
The target is 88,103, for a bias of 83.917.
Happy Trading,
K.
NQ Power Range Report with FIB Ext - 12/12/2024 SessionCME_MINI:NQZ2024
- PR High: 21767.00
- PR Low: 21747.75
- NZ Spread: 43.25
Key scheduled economic events:
08:30 | Initial Jobless Claims
- PPI
Continuing to march into new ATHs
- Holding auction inside previous session highs
- QQQ failed to close 520 daily gap before rolling into new highs
Session Open Stats (As of 12:15 AM 12/12)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 269.06
- Volume: 16K
- Open Int: 286K
- Trend Grade: Bull
- From BA ATH: -0.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22096
- Mid: 20954
- 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
BINANCE COIN (BNBUSD): Bullish Movement Confirmed?!
With a recent bearish movement, BNBUSD corrected
to a recently broken key structure.
I spotted 2 strong bullish confirmations after its test:
the price violated a neckline of a double bottom pattern
and a resistance line of a falling wedge pattern.
Both breakouts indicate a highly probable resumption of a bullish trend.
With a high probability, the market will continue growing and reach 756 level soon.
❤️Please, support my work with like, thank you!❤️
BB Looks bullish (8H)It seems that BB has completed a wave B. This wave B appears to be a FLAT with a terminal C, which has now finished.
As long as the green range is maintained, it could move towards the TPs.
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
EURCAD BUY OPPORTUNITY!There’s a recent pullback in price which is a good opportunity to buy the pair. Our take profit level is at 1.49514 our stop loss is at 1.48638
Risk wisely!
BTC 1h updateIt looks like the market's been moving sideways on the 1-hour chart. Yesterday, December 10, 2024, the price slowly climbed to the resistance level at 98,341 and then took a sharp dive. We were hoping for a more obvious fake-out at that resistance, but instead, the price just touched the level and dropped. After that steep fall, buyers pushed the price back up, but with less volume than during the drop.
Given that the daily and weekly charts show resistance around 100,000, I'm expecting a clearer fake-out at the 1-hour resistance level, followed by a drop to the 1-hour support. Since the daily chart also shows a sideways movement, it's not too far-fetched to think the price might hit the daily support around 90,800. Let's wait and see how things play out.
Short Gold if the price continues to dipThere is a bearish bat pattern AND a strong supply zone. This might be the place where the price reverses.
RBDUSD 1DRBN just tested its Demand area and 200 EMA with a long wick candle and then a bullish candle, also there is price action forming in the golden zone of the Fibonacci level. In addition, there is also possibility of a golden cross with the 50 SMA and 200 SMA in a few days possibly. There is a small chance of recovery after Monday's pull back to the 200 EMA. Have a safe day
FORECAST UPDATES: Post CPI Results. Did We Get The Bias Right?Wednesday Dec. 11, 2024.
This is the Mid-Week Progress Report. Checking the accuracy of the Weekly Forecast and the Updates video posted yesterday.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
XAUUSD BuySetupHi everyone.
As we broke the structure stronger than previous one with higher volume, so I think this trend is going to continue to meet the weekly orderblock.
I think this area is good to set an order.
This order has a tight SL, so please consider the risk management.
I'll send another setup for this entry in the comment below. don't forget to check it ;)
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
Impact of CPI Data Key level Predictions and Market Scenario Resistance: $2,710, with potential moves toward $2,705 if bullish momentum continues.
Support Levels: $2,683 and $2,687
XAU/USD could break above key resistance at $2,700 and aim for $2,710 or higher in intraday trading.
Impact: A softer CPI print, indicating slower inflation, could bolster expectations of Federal Reserve rate cuts. This scenario would likely weaken the US Dollar, making gold more attractive as a safe-haven asset
If CPI surpasses forecasts, it would suggest persistent inflation, reinforcing the Fed's need for tighter monetary policy. This could strengthen the US Dollar and pressure gold prices.
In conclusion, today's CPI report is pivotal for shaping gold's short-term trajectory, as it directly influences Federal Reserve policy expectations and the US Dollar's strength. Traders should prepare for potential volatility and sharp market moves depending on the inflation data.
Reasonable purchase...hello friends
By examining the LDO currency, we came from the DEFI field.
This coin is generally in a range and by making its bottom it was able to experience an upward growth.
If you bought this currency in Polback to Gap, and you are now in profit, if you want to buy this currency, this is a logical step to enter.
If the market corrects, you can buy again.
But in case of successful failure of your limit, you can make another purchase in pullback.
Note that this currency has not yet started its growth...
AVAX at crossroads: breakout or fakeout ?This breakout was as unclear as it gets, we will need to see over the next few days where it leads AVAX. Ultimate pathway is higher to ATH, but it may do one more dive before going higher. Wait and see or buy at successful retest of the major trendline
Gold is in the Bearish DirectionHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPJPY Trendline Breakout , All eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Bitcoin is still a bullish rocket!This analysis is an update of the analysis you see in the "Related publications" section
It has reached the green zone and appears to be accumulating orders.
By holding the green zone, it could reach the targets of 120k - 169k - 250k in the mid-term.
A weekly candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
