Huge Cocoa Correction Ahead? Cocoa prices face a strong risk of correction back to $10,000 as bearish fundamentals stack up:
Supply Surge Ignored
Ivory Coast port arrivals are up 33% from last season, signaling a significant increase in supply from the world’s largest producer.
Demand Destruction at High Prices
All-time high prices are forcing buyers to scale back purchases or delay deals.
Economic slowdowns and weaker spending on luxury products like chocolate further reduce demand.
Liquidity Crunch in Physical Markets
Massive liquidity issues, including payment delays and a lack of new purchase deals, reflect stress in the cocoa trade and could lead to lower prices.
Profit-Taking and Market Correction
Cocoa prices appear overbought, increasing the risk of speculative profit-taking and a market pullback.
Ghana’s Supply-Boosting Reforms
Ghana’s President-elect plans to revamp the cocoa sector and improve production efficiency, which could add to future supply.
Stronger U.S. Dollar
A stronger USD makes cocoa more expensive for international buyers, reducing demand and putting pressure on prices.
Soft Commodities Correction
Coffee and sugar prices are already correcting, suggesting cocoa may be next in line as markets tend to move together during broader pullbacks.
Trend Analysis
Dynamic Trio: $85K, Trendline, and EMA in FocusThe $85,000 level is a key confluence zone, combining horizontal support, the rising trendline, and the 100 EMA as dynamic support.
This area is critical for potential bullish momentum. Monitor closely for price reactions, as holding this level could trigger a bounce, while a breakdown may lead to further downside.
FORECAST GOLD FOR 2025This FORECAST for GOLD 2025
Opportunity for GOLD. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR).
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
World gold prices slightly decreased as the USD increasedHowever, the precious metal is under some pressure as the dollar index rose sharply and US Treasury yields rose slightly.
The Conference Board reported on Monday that its US consumer confidence index fell to 104.7, down from a revised 112.8 in November. The reading was weaker than expected, with economists predicting the index would be largely unchanged.
“Expectations that consumer confidence would continue to recover were not realized in December, as the index fell back to its two-year average,” said Dana Peterson, chief economist at the Conference Board.
Gold is struggling to find its way amid the holiday lull, said James Hyerczyk, an analyst at FX Empire.
“The Federal Reserve’s hawkish stance and forecast of fewer rate cuts in 2025 are keeping gold under pressure. The precious metal will face key support tests during the holiday week
ATOM still needs some momentum to tackle the 14$ areaI'm observing a large, overarching bullish structure (dark blue) with an underlining orange structure. The price has turned at a resistance level, and I see an upward move within the red structure, bringing us to the reversal zone of the orange XY level.
I plan to short the market again to complete the orange structure, so I'm not entering any long positions until the lower end of the blue reversal area. I see two strong short opportunities, each with defined entry, take profit, and stop-loss levels.
This is my current view and trading plan.
Move higher on NVDA (Gex, Order Flow, Price action Analysis)NASDAQ:NVDA major market maker gex is at 140. if we could break above that it could cause them to buy the underlying pushing price higher as they hedge. on top of that retail buying to close shorts from them being constantly wrong will also push this higher. extremely bullish on this especially with it sloping above the 20 weekly ema and a nice pivot possibly creating a leg higher
USD/JPY (24/12): Continuing UptrendToday, the USD/JPY pair is heavily influenced by the monetary policy of the Bank of Japan (BoJ). Although the current interest rate of the BoJ is 0.25%, the BoJ is expected to consider raising it to 1.0% by the end of 2025 if inflation and the economy improve.
However, for now, the BoJ maintains a cautious stance due to global and domestic economic uncertainties. Japan's economy may continue to grow with increased consumption and wages, but it still faces the challenge of deflation. The USD/JPY exchange rate is currently rising slightly due to the significant interest rate differential between Japan and the US.
On the 4-hour chart, the USD/JPY pair is in an uptrend. The nearest support level is 156.50; if the price falls below this level, a slight correction may occur, but the overall trend remains bullish unless there are major changes from the BoJ or global factors.
If the USD/JPY rate stays above the 156.50 support level, this could present a buying opportunity, with the target approaching the nearest resistance level at 157.67. If this level is broken, the pair could continue toward the next target of 158.00 or even 160.00.
OrderUSDT: Is the Bullish Breakout for Real? Don’t Miss !Yello Paradisers! Are you ready for what could be the next big move? #OrderUSDT is flexing some serious strength compared to the rest of the market. But is it all hype, or are we on the verge of something significant? Let’s break it down.
💎#OrderUSDT has shattered a descending trendline it was stuck in for days. The breakout wasn’t just clean—it’s already retested on lower time frame as well, showing strong probability for sustained upside.After being crushed in a downtrend, the pair has shifted gears into an uptrend. That’s right, Paradisers: higher highs are back on the table.
💎The probability is high for the upside move as A critical resistance zone was flipped into support after formation of double bottom below at support zone. This spot is holding strong and could become the springboard for the next move up.
💎If OrderUSDT pulls back, look for the previous resistance-turned-support zone around $0.22-$0.23.A deeper retracement could test the descending trendline, now a key support near $0.20-$0.21.
💎The next critical resistance zone for OrderUSDT lies between $0.27 and $0.2751, a level that will likely test the strength of the current bullish momentum. A successful break and hold above this area could pave the way for a continuation toward the next significant hurdle at $0.295 to $0.30. Clearing this upper range would not only solidify the bullish structure but also signal the potential for an even stronger upward move, drawing increased market participation and setting the stage for higher targets in the near future.
💎If the pair fails to hold support and drops below $0.18, this would invalidate the bullish scenario and signal a potential return to bearish action.
💎This market loves to shake out the weak hands before making its real move. A pullback here might just be the perfect opportunity to position yourself smartly. But remember: discipline is key. Don’t rush—wait for confirmations at key levels.
Stay sharp, Paradisers. This market isn’t for the faint of heart—but for those who stay disciplined, the rewards can be game-changing. Let’s crush it!
MyCryptoParadise
iFeel the success🌴
Christmas gift: buy gold!Bros, gold has fallen back to around 2616 in the short term. Where will gold fall? In fact, from the perspective of the short-term structure, although gold has fallen back twice in the 2635 area and fell below 2620, for the overall structure, gold's performance today is not weak. As long as gold stays above 2612, gold still has the ability to continue to rebound.
So don’t be frightened by the short-term downward trend. The fall in gold is likely to give you an opportunity to go long in gold. Once gold tests the support again, gold is likely to continue its rebound and try to touch 2640 or even 2650.
Bros, this is my Christmas gift to you. Be brave and seize the opportunity to be long gold. Bros, are you going long on gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Bearish reversal?EUR/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci projection and also slightly below the 88% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 164.96
Why we like it:
There is an overlap resistance levle that lines up with the 61.8% Fibonacci projection.
Stop loss: 166.65
Why we like it:
There is a pullback resistance level.
Take profit: 162.65
Why we like it:
There is an overlap support level.
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NAS100US- NQ- Scalping- LongBased on Friday’s price action, the Nasdaq has a scalping opportunity on the long side. This setup is contingent on the price accepting above the identified zone, which could indicate a short-term upward move ideal for scalpers. You need to see Confirmations.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Scalping and trading carry significant risks, including the potential for substantial losses. Always exercise caution and trade responsibly.
GOLD trading liquidity is low during the Christmas holidayAmid sluggish trading during the holiday season, OANDA:XAUUSD decreased slightly, dragged down by the strength of the US Dollar and high US Treasury bond yields. And the market needs to wait for clearer signals from the Federal Reserve's 2025 monetary policy.
Although the Federal Reserve cut interest rates by 25 basis points last week, this signaled fewer rate cuts in 2025, sending gold prices to their lowest since mid-month 11 last week.
While non-yielding gold benefits from the low interest rate environment, the market will need to readjust expectations for the year ahead.
The Federal Reserve's hawkish stance and fewer interest rate cuts in 2025 have weighed on gold prices, and gold will face pressure during the holiday week.
Interest rate cuts initially boosted gold prices, but the Fed's forecast of only two rate cuts by 2025 (down from four in September) sparked a sell-off that sent gold prices to lows. lowest since mid-November.
With economic data limited this week due to the Christmas holiday, gold prices are expected to remain in a tight range. Liquidity remains low, reducing volatility and keeping price action subdued.
Gold has hit multiple record highs this year and is up 27% year to date, its best annual gain since 2010, thanks to strong central bank buying, geopolitical tensions and monetary policy monetary easing by major banks.
President-elect Donald Trump will take office on January 20. The market is about to return to trading in a Donald Trump environment, we cannot forget the trading period when he was in office, how the market fluctuated with his emotions on each line.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold continues to maintain activity below the confluence resistance area noted by readers in yesterday's publication at the upper price channel edge and the 0.618% Fibonacci level, to maintain the trend. main discount.
While the recovery has been limited, gold is also trading above the $2,613 technical level, and gold could fall a bit further with a target of around $2,591 as it is sold below $2,613.
The relative strength index (RSI) is operating below 50, which should be considered a negative signal for the trend of gold prices.
During the day, as long as gold remains below the EMA21, the upper price channel edge and the 0.618% Fibonacci, it remains inclined towards a bearish outlook with notable technical points listed as follows.
Support: 2,613 – 2,600 – 2,591USD
Resistance: 2,634 – 2,643USD
SELL XAUUSD PRICE 2646 - 2644⚡️
↠↠ Stoploss 2650
→Take Profit 1 2639
↨
→Take Profit 2 2634
BUY XAUUSD PRICE 2594 - 2596⚡️
↠↠ Stoploss 2590
→Take Profit 1 2601
↨
→Take Profit 2 2606
[INTRADAY] #BANKNIFTY PE & CE Levels(24/12/2024)Today will be flat opening expected in index. After opening banknifty will be trade in between the consolidation zone of 51050-51450 level. Any major upside rally expected if banknifty starts trading and sustain above 51550 level. Downside only expected if banknifty gives breakdown of 50950 level.
Bitcoin DominanceMaximum suffering is nearing completion for #alts
While the major correction that occurred in #Bitcoin recently will cause a major upward phase for CRYPTOCAP:BTC.D , it will also be left behind as a healthy RETEST for the supply zone lost on a monthly basis and the rising wedge.
CRYPTOCAP:BTC dominance confirms retest for retracement on monthly basis heikin ashi candles!
GBPNZD-SELL strategy 3D chart GANN SQThe pair has been gravitating between 2.2050 - 2.2420 and came down sharply from those high levels. it is extremely overbought, and GANN resistance seems clear. the support lower is 2.1700s which will be attracted overtime.
Strategy SELL between 2.2090 - 2.2150 and take profit near 2.1835 for now. note: it is a medium-term view.