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XAGUSD. Trading opportunityHi traders and investors! Overall, nothing particularly interesting is happening in the market from a daily timeframe perspective. If we don't delve into lower timeframes to look for trades, silver can be considered. Daily Timeframe Analysis On the daily timeframe, the price has formed a range that began in April. The upper boundary is 32.5185, and the lower boundary is 26.0185. The seller's vector 9-10 is relevant, with a potential target of 26.471 (26.0185). The price has reached the level of 32.16, where the seller might resume (see previous posts). Below, a buyer’s zone has formed with an upper boundary of 31.478, what could become an obstacle for the seller. 4H Timeframe Analysis On the 4-hour timeframe, the price has also formed a range. The upper boundary is 31.5365, and the lower boundary is 29.643. The buyer’s vector 9-10 has moved beyond the upper boundary of the range. If the seller returns the price into the range (below 31.5365) and defends this return, the seller’s vector 10-11 will be relevant, with a potential target of 30.3165 (29.643). If the buyer defends the breakout from the range, the potential target is to update the local high (31.286) and reach 31.5185 (the range boundary on the daily timeframe). From my subjective point of view, the daily timeframe currently favors the continuation of the buyer's movement. However, a correction down to 30.3165 is possible. Good luck with your trading and investments!
OANDA:XAGUSD
by AlexeyWolf
Bitcoin - 3 DivesLooks like we are flushing out Longs and trapping shorts Formation of Dives: a clear downward movement reaches a low. another dip forms, slightly lower than the first. the final dive happens, testing the same support level Volume Behavior: Volume appears to diminish with each successive dive, which aligns with the typical characteristics of this pattern. Support Level: The third dive coincides with the ascending channel's lower trendline, reinforcing the strength of this support level
BINANCE:BTCUSDLong
by The_Pythia
The weekly chart of Aditya Birla Capital Ltd The weekly chart of Aditya Birla Capital Ltd. (ABCAPITAL_1W) on the NSE showcases a significant trendline that has been acting as a robust support level. This trendline, drawn from the lows of late 2022 to mid-2023, has been a critical area where the price has oscillated multiple times, indicating its importance as a support zone. Recently, the price approached this trendline, testing it multiple times with several candlesticks closing near or on this line. The last few weeks have seen the price bouncing off this support, with three consecutive green candles indicating a potential reversal or at least a pause in the downtrend. This series of green candles suggests renewed buying interest as investors might see this trendline as a buying opportunity. Today, the price broke through this trendline, which could signal either a continuation of the downtrend if the price closes below this line or a false breakout if it quickly reverses back above it. Given the recent green candles and the historical significance of this trendline, there's a possibility that this could be a buying opportunity for those who believe in the stock's long-term potential. Volume analysis shows a spike in trading activity around the time the price touched the trendline, which often indicates increased market interest and could precede a significant move. If the price sustains above this trendline, it might attract more buyers, potentially leading to an upward trend. Conversely, if it fails to hold above the line, it could see further declines. Overall, the chart suggests that the trendline has been a critical level for ABCAPITAL, and its recent interaction with this line could be pivotal for short-term traders and long-term investors alike.
NSE:ABCAPITAL
by stocktechbot
Intraday Levels for Nasdaq 100 Futures - 12/10/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
GBPUSD Short On Higher US CPITrade idea Continue longer term GBPUSD downside with diverging macroeconomic data's and central bank policy. Entering trade if USD CPI comes in higher to support USD strength. Fundamentals GBP - The BoE has cut rates from the high of 5.25% to the current rate of 4.75% with more MPC members voting for a cut than anticipated. Inflation is holding around the target rate, currently at 2.3% with an increase in unemployment to 4.3% (previously 4%). PMI's and GDP have also seen lower readings in recent months, all of which supporting the continuation of the BoE's rate cutting cycle. USD - The FED has been matching the BoE with the pace of the interest rate cuts but they have continued to stress the fact that they are data dependant and will hold rates if necessary. The hawkish undertones and the effects of the "Trump trade" had seen USD strength considerable over recent weeks. US CPI has increased from 2.4 to 2.6% with tomorrows release due to rise again, NFP increased more than expected along with PCE and PPI. Trigger - Along with the technical setup below, I will be looking for the potential to place a short order beneath technical levels ahead of the US CPI. If this data comes out stronger to further support the GBPUSD short the order will be triggered. If CPI is softer, the order will be cancelled. Technical Setup 4hr - Clear trend lower with 200 EMA confirming trend direction - Retracement back into a 50-61.8% fib level, 1.28000 psychological round number - 200 EMA acting as dynamic resistance - Weekly volume profile cave filled and acting as resistance 1hr - Counter trendline and channel with price most recently failing to reach the channel high, possibly indicating counter trend weakness. - Unconfirmed double top price pattern, breakout lining up with counter trendline - 14 period RSI showing bearish divergence Order placement will be below counter trendline breakout ahead of CPI release with the stoploss behind the swing high and a target at the recently swing long with potential to extend. If the level breakout before CPI wait for entry, if CPI comes in lower than expected remove order.
Short
by ElGore18
1
Technical Analysis of Gold Spot (XAU/USD) - 1H Chart (Heikin AshThe chart depicts a recent breakout above consolidation, with price now trading near $2,665, slightly below a key resistance zone. The liquidity void near $2,662–$2,713 and prior accumulation near supports indicate a potential continuation or reversal scenario. Below is a detailed analysis with probable bullish and bearish scenarios. Key Observations Trend Overview: Price has broken out of a consolidation phase, rallying toward the $2,665 level. The liquidity void around $2,662–$2,713 represents unfilled orders, making this zone a potential resistance area. Support Levels: $2,624–$2,626: Immediate support zone, previously held during the consolidation phase. $2,613–$2,615: Secondary support zone and the breakout origin. $2,595–$2,600: Strong demand zone where buyers aggressively stepped in earlier. Resistance Levels: $2,662–$2,665: Immediate resistance zone, where price is currently testing. $2,711–$2,713: Major resistance zone aligned with unfilled orders in the liquidity void. $2,740–$2,760: Extended resistance zone for bullish continuation. Volume Analysis: Buy Volume (2.69M) vs. Sell Volume (431.3K): Reflects dominant buying pressure, leading to the breakout. Delta Volume (10%): Indicates increasing buy interest at higher levels. Bullish Scenario Conditions for a Bullish Move: Price must break above the $2,665–$2,667 resistance zone, clearing the liquidity void. Sustained buying pressure above $2,667 will likely drive the price toward higher resistance levels. Entry Points: Aggressive Entry: Buy near the current level ($2,662–$2,665), with a stop-loss below $2,655. Conservative Entry: Enter after a breakout and retest above $2,667, with a stop-loss below $2,660. Exit Points (Take Profit): First Target: $2,711 (key resistance zone). Second Target: $2,740 (extended bullish target). Final Target: $2,760 (major resistance). Invalidation: A breakdown below $2,655 would invalidate the bullish scenario. Bearish Scenario Conditions for a Bearish Move: Price fails to break above $2,665, indicating rejection at the resistance. A confirmed breakdown below $2,655 would signal bearish momentum. Entry Points: Aggressive Entry: Short near $2,665, with a stop-loss above $2,670. Conservative Entry: Enter short after a confirmed breakdown below $2,655, with a stop-loss above $2,662. Exit Points (Take Profit): First Target: $2,624–$2,626 (immediate support zone). Second Target: $2,613 (breakout origin). Final Target: $2,595 (extended bearish target). Invalidation: A breakout above $2,670 would invalidate the bearish scenario. Key Indicators to Monitor Volume Behavior: Increasing buy volume above $2,662 confirms bullish strength. Rising sell volume near $2,665 signals potential rejection. Breakout/Breakdown Confirmation: A breakout above $2,667 confirms bullish continuation. A breakdown below $2,655 confirms bearish pressure. Heikin Ashi Candles: Sustained green candles with larger bodies signal continued buying. Red reversal candles with long wicks at resistance confirm bearish rejection. Summary of Probable Entry & Exit Points Scenario Entry Zone Stop-Loss Target Levels Bullish $2,662–$2,665 (Aggressive) or above $2,667 (Conservative) $2,655 $2,711, $2,740, $2,760 Bearish $2,665 (Aggressive) or below $2,655 (Conservative) $2,670 $2,626, $2,613, $2,595 Conclusion Bullish Outlook: A breakout above $2,667 could lead to a rally toward $2,711 or higher. Bearish Outlook: Rejection at $2,665 or a breakdown below $2,655 could trigger a decline toward $2,613–$2,595. Monitor price action at the $2,662–$2,667 resistance zone and $2,655 support level for confirmation of the next move. Manage risk with tight stop-losses, especially in this breakout/reversal scenario.
FX:XAUUSD
by ProspireWealth
Gold Trading Secrets: Expert AnalysisAlexGoldHunter FXOPEN:XAUUSD Technical Analysis and Strategies for Gold (XAU/USD) Chart Analysis Price Levels and Candlesticks: Current Price: 2,633.24 USD Open: 2,631.51 USD High: 2,645.63 USD Low: 2,613.61 USD Close: 2,633.24 USD Support and Resistance Levels: Swing High: 2,656.84 USD Swing Low: 2,609.53 USD Previous Day High (pD High): 2,645.63 USD Previous Day Low (pD Low): 2,613.61 USD Key Support Level: 2,580.28 USD Key Resistance Level: 2,733.41 USD Moving Averages: Red Line (50-day MA): Around 2,580.28 USD Blue Line (200-day MA): Around 2,503.15 USD Volume: Notable increase in volume towards the end of the chart, suggesting higher trading interest. Annotations: BoS (Break of Structure): Indicates a significant price movement breaking a previous structure. MSS (Market Structure Shift): Indicates a change in the market trend. Equal Highs: Indicates a resistance level where the price has tested multiple times without breaking through. Buy Strategy with Confirmations Entry Point: Look for a breakout above the Swing High at 2,656.84 USD with strong volume confirmation. Alternatively, consider buying near the support level at 2,580.28 USD if the price shows a bullish reversal pattern (e.g., bullish engulfing, hammer). Confirmation: Ensure the breakout is accompanied by higher-than-average volume. Confirm with technical indicators such as RSI crossing above 50 or MACD showing a bullish crossover. Stop Loss: Place a stop loss below the recent swing low at 2,609.53 USD for a breakout trade. For a support level trade, place a stop loss below the key support at 2,580.28 USD. Take Profit: Set initial take profit at the next resistance level around 2,733.41 USD. Consider trailing the stop loss to lock in profits as the price moves in your favor. Sell Strategy with Confirmations Entry Point: Look for a breakdown below the support level at 2,580.28 USD with strong volume confirmation. Alternatively, consider selling near the resistance level at 2,733.41 USD if the price shows a bearish reversal pattern (e.g., bearish engulfing, shooting star). Confirmation: Ensure the breakdown is accompanied by higher-than-average volume. Confirm with technical indicators such as RSI crossing below 50 or MACD showing a bearish crossover. Stop Loss: Place a stop loss above the recent swing high at 2,656.84 USD for a breakdown trade. For a resistance level trade, place a stop loss above the key resistance at 2,733.41 USD. Take Profit: Set initial take profit at the next support level around 2,503.15 USD. Consider trailing the stop loss to lock in profits as the price moves in your favor. This analysis provides a comprehensive view of the chart and outlines potential buy and sell strategies with confirmations. If you need further assistance or have any other requests, just let me know! 😊
FXOPEN:XAUUSD
by Alexgoldhunter
GBP/USD - Resistance On GBP/USD , it's nice to see a strong sell-off from the price of 1.27930 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Strong rejection of higher prices and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
EUR/USD - Strong rejection of higher prices On EUR/USD , it's nice to see a strong sell-off from the price of 1.06140 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Strong rejection of higher prices and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
Intraday Levels for Nasdaq 100 Futures - 12/09/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
Technical Analysis of Gold Spot (XAU/USD) - 1H Chart The chart highlights a consolidation phase with price hovering between key support and resistance zones. The liquidity void at higher levels and current sideways price action suggest the market is preparing for a breakout or breakdown. Below is a detailed analysis of bullish and bearish scenarios, along with entry and exit points. Key Observations Market Structure: Price is consolidating near the $2,638–$2,640 level, with resistance overhead at $2,662 and support below at $2,613. A liquidity void exists above $2,662, indicating unfilled orders and a potential zone for breakout or rejection. Support Levels: $2,624–$2,626: Immediate support zone. $2,613–$2,615: Secondary support zone and the bottom of the current range. $2,602–$2,605: Strong demand zone where buyers previously stepped in. Resistance Levels: $2,662–$2,665: Immediate resistance zone. $2,711–$2,720: Major resistance and breakout target. $2,740–$2,760: Extended resistance zone, marking potential bullish targets. Volume Analysis: Buy Volume (2.537M) vs. Sell Volume (2.038M): Indicates mild buying interest, but the balance of power remains neutral. Delta Volume (158.21%): Suggests moderate seller dominance near resistance zones. Bullish Scenario Conditions for a Bullish Move: Price must hold above the $2,624–$2,626 support zone and break through $2,662 with strong volume. A breakout above $2,662 would likely trigger further buying momentum, targeting higher resistance levels. Entry Points: Aggressive Entry: Buy near the $2,624–$2,626 support zone, with a stop-loss below $2,613. Conservative Entry: Enter on a confirmed breakout and retest above $2,662, with a stop-loss below $2,650. Exit Points (Take Profit): First Target: $2,711 (key resistance zone). Second Target: $2,720–$2,740 (extended bullish target). Final Target: $2,758–$2,760 (major resistance). Invalidation: A breakdown below $2,613 would invalidate the bullish scenario. Bearish Scenario Conditions for a Bearish Move: Price fails to break above $2,662, indicating rejection at resistance. A confirmed breakdown below $2,624 would signal further downside pressure. Entry Points: Aggressive Entry: Short near $2,662, with a stop-loss above $2,670. Conservative Entry: Enter short after a confirmed breakdown below $2,624, with a stop-loss above $2,635. Exit Points (Take Profit): First Target: $2,613–$2,615 (immediate support zone). Second Target: $2,602–$2,605 (major demand zone). Final Target: $2,552–$2,555 (extended bearish target). Invalidation: A breakout above $2,670 would invalidate the bearish scenario. Key Indicators to Monitor Volume Dynamics: Increasing buy volume near $2,624 supports a bullish outlook. Rising sell volume near $2,662 would confirm bearish rejection. Breakout or Breakdown Levels: A breakout above $2,662 would signal bullish continuation. A breakdown below $2,624 would confirm bearish pressure. Liquidity Zones: The liquidity void above $2,662 could act as a magnet for price, especially if buyers dominate. Summary of Probable Entry & Exit Points Scenario Entry Zone Stop-Loss Target Levels Bullish $2,624–$2,626 (Aggressive) or above $2,662 (Conservative) $2,613 $2,711, $2,740, $2,760 Bearish $2,662 (Aggressive) or below $2,624 (Conservative) $2,670 $2,615, $2,605, $2,555 Conclusion Bullish Outlook: A breakout above $2,662 could trigger a rally toward $2,711 or higher. Bearish Outlook: Rejection at $2,662 or a breakdown below $2,624 could lead to declines toward $2,605–$2,555. Traders should closely watch price behavior around the $2,662 resistance and $2,624 support levels, as they will likely dictate the next significant move. Risk management with tight stop-losses is essential in this range-bound environment.
FX:XAUUSD
by ProspireWealth
WTI Crude Oil Analysis: Key Levels & TargetsAlexGoldHunter TVC:USOIL Technical Analysis and Strategies for CFDs on WTI Crude Oil (1-Hour Timeframe) Chart Analysis Price Levels and Patterns: Current Price: 67.10 USD Falling Wedge Pattern: A typically bullish reversal pattern where the price is nearing the lower boundary, indicating a potential breakout to the upside. Target Price: 68.56 USD, which aligns with the upper boundary of the wedge and a previous resistance level. Support and Resistance Levels: Support Levels: 67.10 USD (current price level) 67.02 USD 66.77 USD Resistance Levels: 68.56 USD (target) 68.49 USD 68.29 USD Technical Indicators: Volume: Noticeable increase during recent price movements, indicating strong market interest. RSI (Relative Strength Index): Currently at 31.62, in the oversold territory, suggesting a potential buying opportunity. MACD (Moving Average Convergence Divergence): The MACD histogram shows a slight bullish divergence, indicating a potential reversal. Buy Strategy with Confirmations Confirmation of Breakout: Wait for a confirmed breakout above the falling wedge pattern. A close above the upper boundary of the wedge with increased volume would be a strong confirmation. RSI Confirmation: Ensure that the RSI is moving out of the oversold territory (above 30). MACD Confirmation: Look for a bullish crossover in the MACD indicator. Entry Point: Enter a long position once the price closes above the wedge with the above confirmations. Stop Loss: Place a stop loss below the recent swing low or the lower boundary of the wedge. Target: Set the target at 68.56 USD, as indicated on the chart. Sell Strategy with Confirmations Failure to Breakout: If the price fails to break out above the wedge and instead breaks below the lower boundary, consider entering a short position. RSI Confirmation: Ensure that the RSI is moving towards the oversold territory (below 30). MACD Confirmation: Look for a bearish crossover in the MACD indicator. Entry Point: Enter a short position once the price closes below the wedge with the above confirmations. Stop Loss: Place a stop loss above the recent swing high or the upper boundary of the wedge. Target: Set the target at the next support level, around 67.02 USD or lower. By following these strategies and confirmations, traders can make informed decisions based on the technical analysis presented in the chart. If you need further assistance or have any other requests, just let me know! 😊
TVC:USOIL
by Alexgoldhunter
SUSHI Ready for the big JUMP? SUSHI Ready for a big move. The momentum slope in the chart is increasing, indicating that the buying power is strengthening and effectively eliminating the sellers. If you haven't been following SUSHI so far, you can monitor its progress after it breaks the resistance at 2.590 . For the short-term timeframe, a rise to the resistance box between 4.500 and 5 dollars is reasonable. However, for the long term, SUSHI needs to reach the range of 4 to 4.5. Again, it is remembered that all trades that are opened are your responsibility Don't forget to follow.
Long
by Im_Leonn