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Trend Analysis

$DKNG Short-term Bullish, Daily TimeframeHey what's up ya'll! I hope you guys are doing well. There are many companies that are reporting earnings this week ( NASDAQ:DKNG is reporting next week Thursday, Nov 7). I'm still debating whether or not to hold contract passed earnings since it may cause a drop and I would rather exit then to hold. If I'm up at least 15% on the contract I'll put a trailing stop loss. Contract purchased: - 17 JAN 25 40c (down -5%) Entry Price: - $37.22 @ 3:34pm Rationale for contract: - Price appears to have hit a support around $36 (previous resistance) - Price hit the all-time 0.618 bullish Fibonacci - MACD curling up; blue line approaching the orange line that indicates bullishness - RSI @ 46; near the medium line of 50 Conclusion: If price goes below the previous weekly low at $36, I'll cut. If price hits $41 before earnings, I'll sell or put a 5% trailing stop loss.
NASDAQ:DKNGLong
by Brandonthrives
XAUUSD Real-time analysis of the gold market, continuously updatDear gold traders Yesterday, we chose to leave the field near gold 2785, continued to watch the breakthrough strength near 2790, and finally gold twice explored and stopped near 2790. We have also successfully predicted that gold may have a correction depth in the 2776-2780 range. Those who have followed me can check out my analysis in the last post. Today's deal should be clearer 1: From the perspective of the big cycle, gold is still an upward trend and is still strong. 2: From the observation of the cycle at all levels of the hour line, the trend of gold began to weaken Summary: The purpose of our current day trading can only be backed by the corresponding support, accurate operation, the current gold repeatedly broke new highs, for the future long cycle is indeed accompanied by huge opportunities, but the current day trading choice, we must clearly recognize the pressure and support brought by the various thresholds 3: Figure Summary: The next few prices I marked are very critical Downward analysis: We can look at the red line ABC trend, focusing on the zoning pressure around 2780 and 2778, and 2772-2770 below as a short-term target level Upward analysis: We can look at the trend of the blue line 12345, and focus on the partition support near 2780-2781, and 2790 will be the first target level upward. If, as a trader, you can also carefully split all my crossing paths, it must be the most accurate judgment on the current trend of gold. We can not predict the future perfectly, but we must understand the current market to make a reasonable trading plan for the future. Next, I will continue to update our plans and accompany you to keep up with the trend of gold.
OANDA:XAUUSD
by GoldFxTradingPioneer
Gold collapse imminent? 7hr chartPrice action on Gold since August as shown on the above 7hr chart. A Euphoric rally in the last 3 months has Gold bugs jubilant in celebration with a record 48% win from September 2011 (Ignore the 480% return of the S&P 500 in the same period). There are now messages aplenty calling for $5k and beyond. Who knows. One thing I do know, a common theme throughout the messages, people are euphoric. Market tops print with euphoria. Now this idea is not about who is wrong or who is right, congratulations if you've made a profit. The point of the post is to make sure profits are realised. A profit on paper is not a win and the bubble may now be about to pop. 90% of folks long on gold will not collect the recent gains. Why might the party be about to end? A few reasons.. 1) Price action support is broken. This is also true for RSI. 2) Throughout history RSI above 80 on the 3 week chart (below) has been a warning shot for extreme overbought conditions. Look left. Corrections between 20% and 50% are recorded. 3) Price action is at historical macro resistance (see 2 month chart below). Is it possible this time is different? Sure. Is it probable? No. Ww 3 week 2 month
OANDA:XAUUSDShort
by without_worries
27
MY NAS100 LONG IDEA 31/10/2024Direction: Long SL: 1950-1966 Indicators: 1. MA (20,50,100,200) 2. Trendline - Algo 3. Support and Resistance 4. Fib Level 5. I also use MT5 - Tradingcentral tools Technical: 1. MA 20 still above 100 and 200 so I believe we still have room for bull run. 2. Red trendline was broken so we have a price drop but I also see a possibility for the price to and breakthrough the green trendline. 3. Price is dropping to a Support zone and I have a confirmation on Tradingcentral tool on MT5. 4. FIB level at golden zone. 5. Tradingcentral tool signaling DECLINE but price is bouncing off of the support area at the moment. Fundamental and economic: 1. US economic data is looking good we had a bunch of data that negatively impacted the prices but I think these are good retracement opportunities. 2. I use Edgefinder tool which shows me a score of 5 "bullish" on Nasdaq. 3. We are in Q4 and usually this is where we find good setups for long run.
NLong
by stingotho
2
SPY adjusted in July for the election ...In July, the market adjusted slightly to prepare for the upcoming election on Nov. 5th, 2024. The SPY was usually topping out around the 22nd of the month, and started to go back up around the beginning of each month. But in July the downward movement lasted a little longer. (I circled the area where it started to adjust) and it started to go back up around August 6th. I suspect the market will start to go up tomorrow as the 4 hour, 5 hour indicators started to show a move upward. I believe it will gap up tomorrow and continue to go up. I should have entered today but missed my chance. I just started to use the Heikin-Ashi candlesticks as I find they show more of a definite direction on the chart itself. But I am still learning about this. :-) But you can see on the chart how you can see a definite direction on the chart itself. I use the MacD, DMI and the Stochastic RSI as my indicators. The SPY will move between 32 to 40 pts this month before a brief retracement prior to the election. This was the average movement in the past few months. I use the fib tool to get a general approximation of the target. I'm not exact on how to use the tool so my targets are a little off. I suspect the target will be around 598 (3.618 fib) to 604 (4.236 fib) It should hit this target around Oct 22 -25th before trading sideways or going slightly lower prior to the US election. After the election, the market will go back up. Happy trading, everyone!!
AMEX:SPYLong
by Princessgirl
13
Gold Flashing Warning SignsGold Flashing Warning Signs: Why We’re Taking a Cautious Short Position Today, our Commitment of Traders (COT) strategy triggered a short trade on gold. Yes, we know—shorting gold at all-time highs feels like swimming upstream. But if you’ve been with us long enough, you know we don’t follow the crowd. We follow the data. And the signals? Well, let’s just say they’re getting hard to ignore. To clarify, this setup wasn’t made on a whim. We got the green light when key technical indicators—Momentum, the Detrended Price Oscillator (DPO), and the Commodity Channel Index (CCI)—all confirmed a bearish divergence on the Daily timeframe. Here’s a closer look at what’s guiding our trade: 1. Commercial Traders Are on High Alert Commercial players—those who deal with gold at its core—are positioned short like we haven’t seen in over three years. They’re the steady hands here, and their caution is hard to overlook. It suggests that even in a market frenzy, they’re seeing potential downsides others may not be watching. 2. Retail Speculators Are Leaning Long While not at full extremes, small speculators are heavily positioned on the long side, nearing a six-month high. This confidence could mean trouble—when retail traders load up, it can mark the late stages of a rally. We’re paying attention to this; it’s a classic contrarian indicator. 3. Open Interest Is Surging—But Why? Open interest in gold futures has been climbing steadily. That’s usually a good thing for bulls, but here’s the twist: large and small speculators have been driving this uptrend. If these buyers lose momentum, who’s left to push prices higher? 4. Sentiment Is Peaking—But Is It Too High? Market sentiment is at a bullish extreme, with advisors optimistic about gold’s rally. High sentiment can be a double-edged sword. It often means there are few people left to buy, and that’s when reversals happen. It’s a classic market psychology moment—and we’re taking note. 5. Gold Is Pricey Relative to Treasuries Using our WillVal indicator, we see that gold is hitting valuation peaks compared to treasuries. This isn’t an automatic sell, but it’s a signal that the precious metal might be pushing its limits. 6. ADX Shows Intense Momentum, But There’s Caution Our ADX indicator is above 40, confirming strong momentum. But we’re cautious here—when the market gets this heated, we often see shifts. Combined with those commercial short positions and high investor sentiment, this momentum could be due for a reality check. 7. Bearish Spread Divergence Is Emerging There’s divergence between the front-month and next-month gold contracts, a sign that underlying strength may be weakening. It’s a small detail, but one that hints the rally might be overextended. 8. Supplementary Indicators Aren't Looking Optimistic Rounding things out, our Insider Acc/Dis, %R, and Stochastic indicators are all showing bearish signals. We don’t rely on these alone, but together, they reinforce the caution signals we’re already seeing. The Bottom Line Shorting gold during a run like this isn’t a decision we take lightly. But the COT data, market positioning, and sentiment suggest a cooling-off period could be near, and the trade was triggered today via the divergence on the daily. Markets have a way of humbling even the most confident predictions, so we approach this trade with an open mind and a healthy dose of caution. If you’re interested in seeing how we analyze trades and approach market extremes, stay tuned.
COMEX:GCZ2024Short
by Tradius_Trades