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Supply and Demand

XAU/USD 07 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. As highlighted in my analysis dated 31 October 2024: We should remain aware that the daily timeframe has been showing early signs of a potential bearish pullback phase initiation, suggesting that price could print a bearish iBOS despite H4 internal structure being bullish. This printed as anticipated, with price printing a bearish iBOS that also confirmed the swing structure. Price is now trading within an established swing range. Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the start of a bullish pullback phase. Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As detailed in yesterday's intraday analysis dated 06 November 2024, I noted that price was expected to target the weak internal low. Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS. Following this, price has printed an additional bearish iBOS and a bullish CHoCH, confirming the internal range. Intraday Expectation: Price is anticipated to target the weak internal low after reacting from either the premium of 50% EQ or the M15 supply zone. Note: Considering the Fed’s softer stance, and rising geopolitical tensions, price volatility is likely to remain elevated. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
EURGBP - How will BOE decisions affect the pound?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term descending channel. In case of an upward correction due to the meeting of the Central Bank of England today, we can see the supply zones and sell within those zones with appropriate risk reward. Breaking the specified support range will pave the way for this currency pair to continue its decline Britain’s Treasury Secretary, Reeves, stated that it is still too early to make changes to economic forecasts following the U.S. election. He also expressed confidence that trade flows between the UK and the U.S. will continue under Trump’s presidency, noting that during Trump’s previous term, the two nations had a strong and constructive relationship. Reeves showed optimism about Britain’s role in shaping the global economic agenda. Meanwhile, the risk of a German government collapse appears more serious than ever. The German government has entered a new phase of political crisis that could potentially lead to the final breakdown of the ruling coalition. Last Friday, a document from Germany’s Finance Minister, Christian Lindner, was leaked, outlining his plans for economic reform in Germany. This document analyzes the economic challenges facing the country and offers proposals, such as corporate tax cuts and increased working hours. With internal tensions peaking, the likelihood of government collapse has risen. ECB Vice President De Guindos stated that the European Central Bank is committed to a data-driven, meeting-by-meeting approach and is increasingly confident in achieving the 2% inflation target. Goldman Sachs, in its latest report, has lowered its GDP growth forecast for the Eurozone in 2025 to 0.8%, down from the previous forecast of 1.1%. This revision was attributed to potential threats stemming from Trump’s tariff policies following his reelection.
Short
by Ali_PSND
It look bullish to me, risky at this momentbut once H4 candle closes inside the weekly range it will confirm my idea. GBP news and FOMC tonight could be a fuel for this price move. You are very welcome to comment with your thoughts, share your charts or questions about COT or how I came to this setup. Just comment below, I like any constructive discussion. If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
NQ Power Range Report with FIB Ext - 11/7/2024 SessionCME_MINI:NQZ2024 - PR High: 20923.50 - PR Low: 20889.00 - NZ Spread: 77.0 Key scheduled economic events 08:30 | Initial Jobless Claims 13:00 | Fed Interest Rate Decision 14:00 | FOMC Statement 14:30 | FOMC Press Conference AMP Futures increased margin requirements overnight - Broke above 20800 daily pivot - Continuing to auction above previous session high Session Open Stats (As of 12:25 AM 11/7) - Weekend Gap: -0.13 (filled) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 310.36 - Volume: 24K - Open Int: 262K - Trend Grade: Bull - From BA ATH: -1.3% (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:NQZ2024Long
by mv3trader5
Alikze »» LDO | Descending channel - 1W🔍 Technical analysis: Completion of corrective leg of bullish angle pattern - In the weekly time frame, after the formation of a bullish corner pattern in the supply area, it has faced selling pressure. - It is currently moving in a downward channel, which has encountered demand by touching the second area of ​​the green box. 💎According to the upward momentum, in the first step, it can touch the target of 1.56, which is also the ceiling of the downward channel. 💎 Therefore, after the failure of the descending channel, in the case of Polk to the green box area, it can touch the next targets of 2.34 and the supply area (the previous major ceiling). ⚠️ In addition, if the green box area and Fibo 0.23 of the previous wave break, the bullish scenario will be invalidated.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:LDOUSDT
Long
by alikze
Bullish Momentum Post-Election: Key Levels & Breakout PotentialTechnically: The price has stabilized in the bullish zone and has moved upward significantly due to the U.S. election results, with Trump winning. This positive development has benefited stocks. The price is now expected to reach 20550 for a retest before pushing up to 20705. A breakout above 20705 is needed to continue the bullish trend toward 20790 and 20950. However, the current movement range is between 20550 and 20705 until a breakout occurs. Key Levels: Pivot Point: 20505 Resistance Levels: 20705, 20790, 20950 Support Levels: 20420, 20330, 20130 Trend: - Bullish above 20550 and 20790
OANDA:NAS100USDLong
by SroshMayi
THE KOG REPORT - Update End of week update from us here at KOG: An absolutely blinding week on Gold in Camelot this week with our Excalibur and Excalibur LiTE targets completing, on top of that our bias levels working well hitting our bias level targets. The election projection we gave worked well in terms of the levels, we got the move down we wanted, we got the bounces we wanted and hopefully you can also see how well these red boxes are working on the charts taking us level to level. To close, we have support below 2675 and resistance 2705 while the fight to close above the 2700 level continues. We have a target below but the entry was way above, this is protected and managed so we'll await the close. We'll be back on Sunday with the KOG Report and our view for the week ahead. For now, wishing you all a great weekend ahead. As always, trade safe. KOG
OANDA:XAUUSD
by KnightsofGold
1
Is SHIB (Shiba Inu) the Next Big Player in the 2024 Bull Market? Shiba Inu (SHIB), the popular meme coin, has been making significant strides in the cryptocurrency market. While it may not be as widely recognized as Bitcoin or Ethereum, SHIB has garnered a dedicated following and has shown remarkable resilience. As the 2024 bull market unfolds, several signs suggest that SHIB could emerge as a dominant force, potentially triggering a 90% price surge. 1. Strong Community and Social Media Presence: One of the most significant factors driving SHIB's potential is its passionate and active community. The SHIB Army, as they are known, has been instrumental in promoting the coin and generating significant buzz on social media platforms. This strong community support has helped SHIB maintain its relevance and attract new investors. 2. Technical Analysis and Chart Fractals: Technical analysis provides valuable insights into potential price movements. Chart fractals, which are recurring patterns in price charts, can be used to identify potential future price trends. Recent analysis of SHIB's chart suggests that the coin may be forming a bullish pattern, similar to historical patterns that preceded significant price surges. 3. Layer-2 Solutions and Ecosystem Expansion: Shiba Inu has been actively exploring Layer-2 solutions to enhance its scalability and transaction speed. By leveraging these technologies, SHIB can address the limitations of its underlying blockchain and attract a wider range of users and developers. Additionally, the expansion of the Shiba Inu ecosystem, including the development of new projects and partnerships, can further fuel its growth. Potential Challenges and Risks: While the future of SHIB appears promising, it is essential to acknowledge potential challenges and risks: • Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur without warning. Investors should be prepared for potential price fluctuations. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains uncertain, and any unfavorable regulatory developments could negatively impact the price of SHIB. • Competition: The meme coin market is highly competitive, and the emergence of new and innovative projects could divert investor attention away from SHIB. Conclusion: Shiba Inu's strong community, promising technical analysis, and ongoing development efforts position it as a potential breakout candidate in the 2024 bull market. However, investors should approach SHIB with caution and conduct thorough research before making any investment decisions. By understanding the risks and rewards, investors can make informed choices and maximize their potential returns. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
Long
by bryandowningqln
Bitcoin Cash Long Setup Setting / Two sides of the MarketBINANCE:BCHUSDT COINBASE:BCHUSD 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone ⚡️TP: 379 385.4 391.9 399.3 🔴SL: 358.8 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
1
The #1 Reason Why Buying Gold Is Hard Right NowBuying gold is a bit of a challenge for me because I am so used to buying bitcoin But what i have noticed is that When bitcoin goes up gold goes down and vice versa.. so my idea of buying gold Is to buy it at the same time as bitcoin but account for the drawdown of about 5% its not pretty but it will work in the long run Again am not a fun of trading gold COMEX:GC1! With margin but its a good one to consider right now that the market is quiet from good entries and we are standing on the sidelines during this crazy market mania. Even though am thinking You can still buy Bitcoin but look at the stochastic RSI below the chart you can see the moving averages crossing. The only challenge with trading Gold and silver is the volatility is crazy so if you dont mind the ride Then you can take it just remember to use the stochastic rsi as your guide to know whether the price is cheap or not. Personally, i have re-entered the Bitcoin CME:BTC1! price action, It may crash next week But at least your Bitcoin Buy should sustain you with some profit. So for this one Buy Gold, silver and Bitcoin according to this chart Buy Gold using the daily stochastic rsi chart after the Bitcoin buy signal Also, this price action follows the rocket booster strategy To learn more about this strategy check out the references below Remember to rocket boost this content to learn more Disclaimer: Trading is risky please learn risk management and profit-taking strategies. Because you will Lose money whether you like it or not.
COMEX:GC1!Long
by lubosi
Investors, Heads Up! XAUUSD Breakout Alert!Calling all traders! XAUUSD is blazing, smashing records with finesse! Here’s the latest: XAUUSD Overview: Engaged in a gripping duel between 2682 and 2695. Is a breakout looming? Bearish Outlook: Be alert for potential declines if it dips below the range! Targets: 2676 and 2667. Bullish Outlook: Anticipate buying opportunities if it breaks above! Targets: 2700 and 2705. Join the Discussion: Share your perspectives as we journey through this golden terrain! Let’s reach new heights together!
TVC:GOLD
by luxgoldtrader
SasanSeifi| Will the Price Break Above $38 for Strong Uptrend?Hey there, ✌In the daily timeframe BINANCE:ORDIUSDT , as observed, the price has entered a corrective phase after a significant rise from the $40 range. Following the correction, with the $30 level holding, we have seen positive fluctuations again. Currently, the price is at the $35 range, and during this movement, there have been reactions to the downward trendline. Since the price is still below the 200-day moving average (EMA 200), paying attention to its behavior near this level and a potential breakout is crucial. Given the overall market conditions, the medium-term outlook for the price trend appears to be bullish. If the price can maintain the $33 to $31 range and, in the next phase, break above the $38 level along with the EMA 200 and establish itself above it, there is potential for a significant price increase towards the $43 to $45 range. In this scenario, the market could enter a strong uptrend. Therefore, if the price stabilizes above $38, further upward movement and growth would be likely. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
XAUUSD - Gold after the FOMC?Gold is located between EMA200 and EMA50 in the 4H timeframe. Gold reached its analysis target of the previous day. In case of upward correction due to today's economic data, we can see supply zone and sell within that zone with appropriate risk reward. The downward correction of gold has led to the visibility of the demand zone and it is possible to look for buying positions. It should be noted that both buying and selling positions will be short-term. The Federal Reserve reduced its interest rate by 0.25%, aligning with market expectations, bringing the total rate down from 5% to 4.75%. In the Federal Open Market Committee (FOMC) statement, a line mentioning increased confidence in inflation returning to target was removed, initially prompting markets to react hawkishly. However, Fed Chair Jerome Powell quickly downplayed this change, stating that it held no special significance. In his remarks, Powell assessed the U.S. economic outlook as positive and indicated that the Fed would continue with its contractionary monetary policies. He noted that inflationary pressures are easing and that the inflation rate is gradually nearing the 2% target. Powell emphasized the importance of reducing the risk of an economic recession and thus stressed that the Fed’s approach would remain cautious to ensure economic growth and labor market stability, with interest rates managed in a controlled manner. During the press conference following the Fed meeting, a reporter asked Powell if he would resign if asked by Donald Trump. Powell replied simply and firmly: “No.” Meanwhile, according to The Wall Street Journal, sources close to Trump have stated that there is still no organized plan to end the war in Ukraine, nor is there any clear idea on how to convince Vladimir Putin and Volodymyr Zelensky to agree to negotiate. One idea under discussion involves Ukraine agreeing not to join NATO for the next 20 years. In exchange, the United States would continue providing extensive military aid to Ukraine as part of a strategy to deter Russia from further aggression.
FOREXCOM:XAUUSD
by Ali_PSND