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GOLD (XAUUSD) BUY TRADEIn today's trading session, Gold Spot (XAU/USD) showcased a significant price action movement, surging from the 2,312.876 support level to break above the key resistance at 2,336.046, reflecting a substantial intraday bullish momentum. The price reached an impressive 61.80% Fibonacci retracement level of the previous downtrend before encountering selling pressure. Despite the pullback, the bullish trend remains intact, with strong buying interest evident around the 2,312.876 mark. Traders should keep an eye on the 2,335.980 resistance, as a break above this level could signal further upside potential. Stay tuned for potential breakout opportunities and manage your risk accordingly.
OANDA:XAUUSDLong
by akumjoel
Bitcoin is Bearish or Bullish?To analyze the INDEX:BTCUSD Bitcoin to USD (BTC/USD) chart using the ICT style, we focus on the following key points and concepts: 1. Overall Trend Observation: The chart shows that Bitcoin's price has been in an upward trend starting from October 2023 and continuing until June 2024. Currently, a slight decline in the price is observed. 2. Liquidity Zones : - **Buy-Side Liquidity**: At higher levels (strong resistances), there are buy-side liquidity zones that can be considered as targets for an upward move. These zones include around $72,500, which is seen as a major resistance level. - **Sell-Side Liquidity**: At lower levels (strong supports), there are sell-side liquidity zones. These zones include around $60,000 and $55,000, which are seen as strong support levels. 3. Order Blocks : - **Bullish Order Block**: There is a bullish order block in the area of $63,000 to $64,000, indicating buying interest in this zone. - **Bearish Order Block**: If the price moves to lower levels, the bearish order block around $55,000 could be a significant area for a price reversal. 4. Fair Value Gaps (FVG): - If the price continues to drop, there might be fair value gaps between $60,000 and $62,000 that could be filled. 5. Volume Analysis: - Increasing volume during price rises confirms the upward trend. - Decreasing volume during price drops can indicate seller weakness and increase the likelihood of a price reversal from support levels. 6. Key Levels to Watch: - **Support**: $60,000 and $55,000 act as key support levels. - **Resistance**: $70,000 and $72,500 act as key resistance levels. Conclusion: According to the ICT analysis, Bitcoin is in an overall upward trend but has recently seen a price drop. The price might move towards lower support levels before potentially reversing. Monitoring trading volume and price behavior near key liquidity zones, order blocks, and fair value gaps can provide good guidance for trading decisions.
INDEX:BTCUSD
by Pedi_wxe
SPx500 FORECASTOverview: - Current Price: 5,348.8, down by 0.10% (-5.3 points). - Price Action: The index has been in a general uptrend, with some recent consolidation near the highs. Key Observations: 1. Trend: - The overall trend is bullish with higher highs and higher lows. - There has been significant upward movement in late May, followed by some consolidation and minor pullbacks in early June. 2. Recent Price Movement: - After reaching a high around 5356.8, the price has pulled back slightly and is currently consolidating just below this level. - The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher. 3. Bearish and Bullish Levels: - Resistance: The recent high around 5356.8 is acting as a resistance level. A breakout above this level could signal further bullish momentum. - Support: The previous swing low around 5280.0 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction. 4. Volume and Volatility: - The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move. Potential Scenarios: 1. Bullish Scenario: - If the price breaks above the resistance at 5356.8 with strong momentum and volume, it could continue the uptrend, targeting new highs. - In this case, the next psychological levels to watch would be around 5400.0 and 5450.0. 2. Bearish Scenario: - If the price fails to break the resistance and falls below the recent consolidation low around 5280.0, it could signal the start of a correction. - In this scenario, the next support levels to watch would be around 5220.0 and 5200.0. 3. Sideways Movement: - The price could continue to consolidate between 5280.0 and 5356.8, indicating indecision in the market. - Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move. Conclusion: The S&P 500 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 5356.8 could continue the uptrend, while a breakdown below 5280.0 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves. Key Levels: Bullish Lines: 5377, 5405 Pivot Point: 5328.5 Bearish Line: 5300, 5251
OANDA:SPX500USD
by RojBarwari
NAS100 FORECAST Overview: - Current Price: 19019, slightly down by 0.11% (-20.2 points). - Price Action: The index has been in an uptrend since early May, with a recent consolidation phase. Key Observations: 1. Trend: - The overall trend is bullish, with higher highs and higher lows forming since early May. - There was a significant upward movement around mid-May, followed by a correction and another upward push in early June. 2. Recent Price Movement: - After reaching a high around 19050, the price has pulled back slightly and is currently consolidating just below this level. - The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher. 3. Bearish and Bullish Levels: - Resistance: The recent high around 19050 is acting as a resistance level. A breakout above this level could signal further bullish momentum. - Support: The previous swing low around 18600 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction. 4. Volume and Volatility: - The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move. Potential Scenarios: 1. Bullish Scenario: - If the price breaks above the resistance at 19050 with strong momentum and volume, it could continue the uptrend, targeting new highs. - In this case, the next psychological levels to watch would be around 19100 and 19200. 2. Bearish Scenario: - If the price fails to break the resistance and falls below the recent consolidation low around 18900, it could signal the start of a correction. - In this scenario, the next support levels to watch would be around 18700 and 18600. 3. Sideways Movement: - The price could continue to consolidate between 18900 and 19050, indicating indecision in the market. - Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move. Conclusion: The US NASDAQ 100 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 19050 could continue the uptrend, while a breakdown below 18900 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves.
OANDA:NAS100USD
by RojBarwari
DJ30 FORECASTBased on the OANDA:US30USD chart, the price at 38790.0 is above the pivot point of 38753, indicating a bullish sentiment. If the price stays above this pivot, it could move towards Bullish levels at 38906 and 39022. Conversely, if it drops below the pivot point, it could target Bearish levels at 38637 and 38484. The current bias is bullish, but close monitoring around the pivot point is essential to confirm the market direction. Key Levels: Bullish Lines: 38818, 38906, 39022, 39165 Pivot Line: 38753 Bearish Line: 38637, 38484, 38279
OANDA:US30USD
by RojBarwari
GOLD FORECASTThe current analysis suggests a bullish trend for OANDA:XAUUSD . A retest of the pivot line at 2294 is expected. If the price holds above this level, it is projected to rise first to 2306. Stabilizing above 2306 could lead to further upward movement towards the 2322 and 2333 zones. However, if the price fails to hold above 2294, it may decline to 2281 and potentially further down to 2268. Key Levels: Bullish Lines: 2306, 2322, 2332, 2351 Pivot Line: 2294 Bearish Lines: 2281, 2268, 2253
OANDA:XAUUSDLong
by RojBarwari
GOLD FORCASTThe current analysis indicates a bearish trend for XAUUSD. A retest of 2355 is expected. If it fails to hold above this level, the price is projected to decline first to 2328 and, if it stabilizes below 2328, continue to 2306. Alternatively, if it stabilizes above 2355, a bullish trend towards 2397 is anticipated. Additionally, the market is expected to be very volatile due to upcoming NFP and Unemployment news. Key Levels: Bullish Lines: 2355, 2397, 2412 Bearish Lines: 2328, 2306, 2281
OANDA:XAUUSD
by RojBarwari
SPx (JOB OPPERTIOUNITIES) Strong Volatile Technical Analysis of SPx The price dropped from the price we mentioned in the previous idea and already stabilized under the support line which is 5260, so it is possible to touch 5226 and 5193 as well, Bearish Scenario: As long as the price remains below 5260, it is likely to decline towards 5226. Bullish Scenario: For a bullish trend to emerge, the price must stabilize above 5260, potentially pushing up to 5302. If the price surpasses this level, it may indicate the start of a new bullish trend of about 5347. Pivot Line: 5260 Resistance Levels: 5301, 5321, 5350 Support Levels: 5226, 5193, 5170 Today’s expected trading range is between the support at 5193 and the resistance at 5320.
OANDA:SPX500USD
by SroshMayi
The TradingView Show: Charting Markets with TradeStationHello to all global traders! We're live with David Russell, TradeStation's Global Head of Markets giving us an inside look at the most important moves in markets. He’s the expert behind the research and analysis from TradeStation’s official TradingView account. Follow them here: www.tradingview.com In this show, we examine the most important charts, interesting trades, and offer valuable education for all traders. What’s on David’s radar? The Fed, inflation, the upcoming Apple iPhone, the big money shifts moving from energy to tech, and other areas to watch including homebuilders and more. We look forward to connecting with traders worldwide. Share your questions in the comments, contribute your insights, and don’t forget to subscribe for more shows on TradingView with our partners, influencers, sponsors, and global community. Thanks for watching! This show is for educational and entertainment purposes only, not financial advice. Markets require hard work and dedication, so stay informed and keep learning. Look first, then leap! - TradingView Important disclaimers for ETFs: www.tradestation.com Important disclaimers for options: www.theocc.com All other important disclaimers: www.tradestation.com
TVC:TNX
by TradingView
5
The Famous Monkey Story in Every Markets!The Famous Monkey Story in Every Market! Once upon a time, a rich man from the city arrived in a village. He announced to the villagers that he would buy monkeys for $100 each. The villagers were thrilled, as there were hundreds of monkeys in a nearby forest. They caught the monkeys and brought them to the rich man, who paid $100 for every monkey they gave him. The villagers began making a living by capturing monkeys from the forest and selling them to the rich man. Soon, the forest began to run out of monkeys that were easy to catch. Sensing this, the rich man offered $200 for each monkey. The villagers were ecstatic. They went back to the forest, set up traps, caught more monkeys, and brought them to the rich man. A few days later, the rich man announced he would pay $300 per monkey. The villagers started climbing trees and risking their lives to catch monkeys and bring them to the rich man, who bought them all. Eventually, there were no monkeys left in the forest. One day, the rich man announced he would like to buy more monkeys, this time for $800 each. The villagers couldn’t believe their luck. They desperately tried to catch more monkeys. Meanwhile, the rich man said he had to return to the city for some business. Until he returned, his manager would handle transactions on his behalf. Once the rich man left, the villagers were unhappy. They had been making quick and easy money from selling monkeys, but now the forest had no monkeys left. This is when the manager of the rich man stepped in. He made an offer the villagers could not refuse. Pointing to all the caged monkeys, he told the villagers he would sell them for $400 each. They could sell them back to the rich man for $800 each when he returned. The villagers were over the moon. Buy for $400 and sell for $800 in a few days—they had found the easiest way to double their money. They collected all their savings and even borrowed money. There were long queues, and within a few hours, almost all the monkeys were sold out. Unfortunately, their happiness did not last long. The manager went missing the next day, and the rich man never returned. Many villagers kept the monkeys, hoping the rich man would come back. But soon, they lost hope and had to release the monkeys back into the forest, as feeding and caring for the noisy monkeys became extremely difficult. This is exactly what happens when you buy low-quality companies in the stock market. There will be a low-priced stock that no one is interested in buying. A few rich men will suddenly start buying it. The stock price will rise because there are suddenly many buyers and very few sellers—a classic case of huge demand and no supply, like the monkeys in the forest. The stock gets plenty of coverage on business channels and newspapers. These rich men will also use tricks like sending out bulk SMS messages, asking people to buy the shares for huge returns, and giving free tips. New and inexperienced investors, hoping to double or triple their investment, get lured in. Finally, the big players who bought the stock early when no one wanted it sell it back to inexperienced investors at high prices. Don’t be greedy—there is no quick money in the stock market or in life. It takes time and effort to become wealthy, and there are no shortcuts. Hit that like button if you like the story. Follow my profile for more content.
Education
by CRYPTOMOJO_TA
12
A Practical Guide For Candlestick Patterns!Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Intraday traders aim to either purchase a cryptocurrency at a low price and sell it at a higher price or short-sell a cryptocurrency at a high price and buy it at a lower price within the same day. This requires a good understanding of the market and relevant information to help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply, among other factors. Tools such as candlestick chart patterns are very helpful to traders. We will discuss these candlestick charts and offer steps to help you read them.
Education
by CRYPTOMOJO_TA
10