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Direction of movement of goldThis morning, world gold prices dropped sharply with spot gold down 24.1 USD to 1,876.2 USD/ounce. Gold futures last traded at 1,890.9 USD/ounce, down 28.9 USD compared to yesterday morning. World gold slipped from the important psychological support level below 1,900 USD/ounce in early morning trading this morning as the hawkish stance of the US Federal Reserve (Fed) continued to promote the increase in bond yields. bonds and the USD and crush the bullish trend of the metal market. According to some analysts, the decline in gold prices could push prices to a 2023 low of 1,810 USD/ounce on the spot market. A sell-off was triggered after the Fed signaled it would maintain a restrictive monetary policy for the foreseeable future even as the tightening cycle ends. The US Central Bank's aggressive stance pushed bond yields to a new 16-year high and the dollar to its highest since November, pushing gold off its August low of $1,885. ounce. James Stanley, senior market strategist at Forex.com, forecasts initial resistance around $1,850 an ounce. Even so, some analysts maintain a long-term bullish outlook for the precious metal. Ole Hansen, commodity strategist at Saxo Bank, said rising energy prices coupled with slower economic growth are creating an environment of stagflation, which he expects will eventually push up prices. go to high place. Gold is back above 2,000 USD/ounce TVC:GOLD BUY 1874 - 1876 TP1: 1880 TP2: 1885 SL: 1870
TVC:GOLDShort
by FalCol_TradingMaster
4-Hour Bitcoin Trading: Fibonacci Moving Average (FMA) Strategy Hey there, Bitcoin enthusiasts! Today, I want to share with you about a popular trading strategy that I use everyday, with Fibonacci Moving Average (FMA) numbers. I'll zoom in on the 4-hour chart to get a closer look at how it works. This strategy can provide some valuable insights into what's happening in the market, and I'll break it down step by step. EMA 144 Crossing EMA 233 After a Bearish Engulfing Candle: So, first things first, when we see the EMA 144 crossing below the EMA 233 right after a bearish engulfing candle, it's like a red flag waving at us. This suggests that the selling pressure is building up, and it might be a sign that prices are about to drop. Breaking the EMA 610 Support (Since Jan 2023): Next, we've got the EMA 610. This line has been a strong support level since January 2023. When the price breaks below it, it's like breaking through a safety net. It tells us that market sentiment is changing, and we might be entering a bearish trend. Retests and Rejections: After that, we see a series of retests of different EMAs – the EMA 610, EMA 233, and EMA 144. And guess what? Each time, there's a big rejection. These rejections are pretty significant: EMA 610 Rejection: The first time we try to get back above the EMA 610, it says, "Nope!" This reinforces the idea that this line is now acting as resistance, not support. Second EMA 610 Rejection: We give it another shot, but no luck. The EMA 610 is still saying, "I'm not letting you through." It's like a stubborn gatekeeper. Sideways Movement: Then, we see some sideways action. Prices are stuck between the EMA 144 and EMA 233. It's like a tug-of-war between buyers and sellers. Nobody's sure where things are headed. Drop to Test Support: Eventually, we take a plunge to test lower support levels. This is in line with the bearish outlook, indicating that we're exploring lower price ranges. Pullback and EMA 233 Retest with Huge Rejection: Finally, there's a pullback, and we give the EMA 233 a shot. But it slams the door in our face with a big rejection. This tells us that the bears are still firmly in control. Now, why do we see these rejections? Well, it's partly because of human psychology. Traders who missed the initial breakdown of these EMAs see these retests as a second chance to sell. Plus, big players like institutions and algorithmic traders often pay close attention to these levels, making them even more important. It's like a self-fulfilling prophecy – everyone expects a rejection, so it happens. In a nutshell, the Bitcoin Fibonacci Moving Average (FMA) strategy on the 4-hour chart is a valuable tool for navigating the crypto market. By analyzing things like EMA crossovers, support breaks, retests, and rejections, you can get a solid grasp of what's going on and make smarter trading decisions. Those rejections at key EMAs remind us that technical analysis and human behavior play a big role in crypto trading – it's not just about numbers and charts!
INDEX:BTCUSDShort
by sailortrades
AR/USDT 1-day potential long setupBINANCE:ARUSDT AR/USDT 1-day potential long setup The price of AR/USDT broke the previous resistance level of 4.36 and touched 4.60, but failed to sustain the momentum and retreated. It has since consolidated in the range of 4.22 to 4.48, but is now compressed between 4.00 and 4.17. The price has been accumulating in this zone for the past 7 days, suggesting that there is a strong buying interest at these levels. A long position is now expected in this area, with a target of 4.60 and a stop loss below 4.00. Bullish divergence is also present on the 4-hour chart, which confirms the bullish outlook. Key technical indicators: Price: 4.15 Support: 4.00 Resistance: 4.76 Target: 5.20 Stop loss: Below 4.00 Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
Long
by ChartsInsights
Nvidia's Highs, Lows, and the Journey AheadNvidia, a renowned tech industry stalwart, is navigating through market turbulence, having witnessed its stock soar to record highs and subsequently decline, leaving investors pondering its future trajectory. On August 24th, the stock marked a record $502, but the $500 level acted as a psychological barrier, triggering a 15% retreat from its peak as it likely represented a pinnacle for investors. This decline has momentarily stabilized above $400, with buyers striving to elevate the price amidst prevailing market forces. The low at $403 on August 14th is pivotal; breaching it could see the price descending to $400 and potentially to the next substantial support at $346, mirroring November 2021’s high. Despite these oscillations, Nvidia boasts a year-to-date gain of 184%. If the current support sustains, a revisit to the $500 level is plausible. The ongoing scenario raises questions—Is this downturn transient, or does it herald a prolonged decline? Observing upcoming market trends and Nvidia’s performance will be crucial in deciphering the longevity of this downturn.
NASDAQ:NVDALong
by Sublime_Trading
AUDUSD DOWNTREND CONTINUATION FOLLOWING USD INTEREST RATES 09/23AUDUSD has been in a bear market July 2023. Price stalled out and ranged since August 2023. We have since seen bulls try to break out of this 3-month range and failed every time. The resistance is around 0.6530, which is yet to be broken. We recently have seen a strong rejection of that resistance following last weeks USD interest rates. The Australian Dollar has been a weak currency in the basket of majors for several months this year and the United States Dollar has been getting stronger. I am awaiting my trigger just below 0.64159 and am a bit late to the action so my P/L will not be as ideal as I planned but I will take what I can get and still be realistic with the target which is sitting at 0.6360 lows which is also where many longer term buyers may have their stop losses if the uptrend doesn't work out in their favor. I will be utilizing a trailing stop loss along the progression of the trade and have my hard stop around today's daily highs in case it does not work out in my favor. If the trade fails then the price may go back into chop or could be a possible reversal towards range highs of 0.64159.
Short
by bajapips
A Great Trading OpportunityAs per my analysis, a Fib-3 Bat Pattern is about to complete at 1.8979 on the Daily Chart. To minimize the initial risk, I will wait for a buying opportunity on the H4 or H1 chart. This will significantly reduce the stop-loss to 1.8733 (-246pips) or close to -2,460usd/lot, while the first target will be at 1.9363 (+384pips) or close to 3,840usd/lot. I believe that a good trader follows a good mentor, but a great trader plans his own trade and takes reference from others' analysis. Therefore, I suggest that we proceed with caution and carefully evaluate the market conditions before investing. With a well-planned trade, we can maximize our gains and minimize our risks.
Long
by RaynLim
Aggressive shorting opportunityI am looking at a shorting opportunity on the GBPUSD. Based on the 4-hourly chart, I am waiting for a magic candle to form up at 1.2368 for a shorting opportunity. My initial stop-loss is at 1.2454 (-86pips) or 860usd. At this moment, my projected target is at 1.2234 (+134pips) or 1,340usd/lot. Alternatively, you can wait for candlestick confirmation at 1.2405. The entry price is 37pips later, with the same stop-loss and target profit level. Your initial risk is now (-49pips) or -490usd/lot and target profit is now (+171) or 1,710usd/lot. As you can see from this real-life example, it is better to miss a trade than to engage in a trade you shouldn't have. I believe this investment opportunity has great potential for profit.
Short
by RaynLim
IAM ,Buyers are pushing to major levels ,what's next ?Hello ladies and gentleman ,According to my analysis of IAM ,I see that buyers return to push the price to our major levels 113 -143 "+40%",which is supported by a big bearish volume that indicates that we may see a reversal in the coming days ,also we will be looking for buying opportunities if we got a good confirmation in the levels between 88-94,that's why we'll be observing the market in the next days to get the opportunity to enter in earlier stage of the movement I hope you appreciate my analysis ,If you have any suggestions ,please write it below to discuss it.
CSEMA:IAMLong
by YassirEL
#EURAUD bearish continuation very well and clean bearish market structure in 4H time frame, price forming lower lows and lower highs and right now price seems like to forming another LH. Price currently testing short term bullish corrective upper channel line which act as a resistance for the price. moreover, price is at static resistance area which add to our bearish confluences. Should be noted that price is below 4H EMA and 4H bearish trendline as you can see in the picture. Also in 1H time frame price formed bearish hammer candlestick formation.
Short
by mohemati