GoldXAUUSD ( Gold / U.S Dollar )
Double Top
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 38.20% / 50.00%
Completed " 123 " Impulsive Waves
Wave Analysis
Overall bullish picture for OGNWe've activated a large overarching orange structure and formed a lower low, but the negative target level is unlikely as prices can't go negative. So, this structure serves as context rather than a strict guide.
The more relevant structure now is the green one. We've reacted from the target zone, formed a lower low, and turned at resistance. The XY level pushed the price down after an over-correction. This opens the possibility of reaching the original target level, creating a new overarching lower low or range low.
However, the overall market activity shows a willingness to trade both ways, as indicated by the light blue structure and the strong wick, suggesting pressure. Since we're still trading within the purple structure and its target isn't reached, I'll handle the market by opening positions at the end of the reversal zone. Given the previous range spike, I don't expect another, and I'll consider the green target invalid. My entry, stop loss, and take profit are set accordingly.
I'll move my stop loss to break even once we activate the dark blue structure by forming a higher high. Also, I'll take 30% of my position off at the resistance line.
I hope those confident enough to trade this can secure some profits.
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!
Google - Catch The 2025 Bullrun Now!Google ( NASDAQ:GOOGL ) is preparing for a strong year 2025:
Click chart above to see the detailed analysis👆🏻
So many confluences on Google are pointing to a strong year of 2025. First of all we have the resistance trendline breakout which we saw a couple of months ago and bears were also not able to significantly push price lower after we saw the retest of resistance. This is soo bullish.
Levels to watch: $220
Keep your long term vision,
Philip (BasicTrading)
2024 Santa Rally and More - Up/Down/SidewaysIt's that time of year again. The final trading weeks of 2024 and the technical "Santa Rally" (trading through Christmas and New Year's) is upon us.
Unfortunately the FED put a bit of a cap on the extremely optimistic and borderline euphoria that was bubbling over going into the FOMC Rate Decision.
100 bps of cuts, yet the US10Y (10 year yield) has virtually moved in the exact opposite direction. Inflation is now a concern and this is a big reason for the FED's "hawkish cut" in December. The market will have to figure out how 1-2 cuts in 2025 looks compared to 4-6 cuts that was anticipated.
I don't think the 1 day FED move is enough of a correction to justify loading up on longs, so I'm looking for 200 EMA tests and better prices all around. If I don't get them, I suppose I'll just wait longer :)
Happy Holidays to everyone
Thanks for watching!!!
Divergence on BTC and ETHETH is holding up pretty nice while BTC is going lower. Time for ETRH to catch up
XAUUSD 99% confirm Gold (XAU/USD) is trading with a moderate positive tone on Friday following the sharp sell-off earlier this week. Cooler-than-expected US Personal Consumption Expenditures (PCE) Price Index data on Friday has increased selling pressure on the US Dollar, although the precious metal is struggling to put a significant distance from the one-month lows hit this weekPCE Inflation has increased 0.1% in November, against expectations of a 0.2% increment. The yearly rate accelerated to 2.4% from the previous month's 2.3% reading, still below the 2.5% anticipated by the market consensus. Likewise, the Core PCE eased to 0.1% from 0.3% in October while the yearly inflation remained steady at 2,8% against market expectations of an uptick to 2.9%from heavily oversold levels. The broader trend, however, remains bearish. The pair is struggling to find acceptance above $2,600 and the Relative Strength Index (RSI) in the 4-hour chart remains flat at levels below the 50 threshold, highlighting the bearish momentum.
Immediate resistance is at the $2,605 intra-day high, with the key resistance area to challenge the bearish trend at the $2,625-$2,630 area (November 28, December 2 lows). On the downside, supports are at Wednesday’s low at around $2,580, ahead of November’s trough at $2,540.
AUD/JPY ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
LPT Nice Chart Reversal High TimeframeHigh timeframe, yes high but i share in mid timeframe for better entry
I think around 13.6 - 14.3 is good area
Nightly $SPX / $SPY Predictions for 12.24.2024🔮
⏰10:00am
Richmond Manufacturing Index
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
XAUUSD FALL LIKE A RAIN AGAINHello guys check my today's anaylsis kindlyshare your idea about xauusd, in my opnion gold will go down till 2575/2560, now gold at 2614 so can hit 2620/25 after that xauusd fall like a rain go kindly support me for more updates about xauusd
Key points,
Resistance zone 2627
Current price 2614
Support zone 2585
Targer area 1 2575
Target area 2 2560
Must share your idea about xauusd with like and comments, follow for more updates on xauusd
KOMA sell/short setup (2H)KOMA is approaching a supply zone.
Upon reaching this zone, we expect a price rejection.
The targets are listed on the chart.
The closure of a 4-hour candle above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Long term fot ETH could look insaneLooking at the long-term for ETH and assuming that we're putting 5 waves of i, of the highest degree of trend, we could be on an orgasmic wave 5 that IF equal to 1, which is often the case, could reach highs which go past the moon, on to Jupiter and beyond. Keep an eye on it, and let's see if the minor degree of trend of subsequent waves gives us confirmation. Follow for more.
Ethereum (ETH): Price is Going For a Re-TestEthereum has done the correctional movement that we have been looking for where price showed a good rejection from upper zones.
We are still waiting for our lower target zone to be reached for some leveraged long position but in the meantime, we would say it is always safe to buy some for spot 😉
Swallow Team
Wipro stock intraday forecast on December 24, 2024Wipro stock may experience intraday bearishness, with key support levels at ₹303 and ₹299.50 in the cash market. Real-time price fluctuations could cause variations, as gap movements are not factored into these levels.
This information is only for educational purposes.
EURUSD → Consolidation in the selling zone. FX:EURUSD is coming out of a prolonged consolidation. As part of counter-trend correction, the price is testing the previously broken support and trying to consolidate in the selling zone.
The fundamental background has become sharply negative since last week, which generally determines the medium-term potential for the currency pair.
The rate cuts in the US have slowed down, but in Europe they are going to continue to cut rates. Trump's policy with his tariff system will also put negative pressure on the EURO.
Technically, against the background of a strong rallying dollar, the euro has almost no chance.
If the bears keep the defense below 1.0448 and focus on breaking the support, the currency pair may head towards 1.022 in the medium term.
Resistance levels: 1.0448, 1.053
Support levels: 1.033, 1.022
At the moment, the focus is on the two nearest resistances. It is possible to retest these zones and try to defend their borders from the buyer's side, but there are not many chances. A breakdown and fixing of the price in the selling zone will strengthen further decline.
Regards R. Linda!
Hellena | GOLD (4H): SHORT to the minimum of the “W” wave (2540)Dear colleagues, due to the recent sharp price movement I have redrawn the waves and at this point I can assume that we are dealing with a complex correction (W, X, Y).
This means that I predict a price decline at least to the support area of 2540 - this is the area of the minimum of the “W” wave.
It will most likely be followed by its renewal, but we will talk about it when the target is reached.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Elliot correcsion waitWe are currently observing Elliott's correction, and after that, we might revisit it again. If it breaks all the trendlines to the upside, we will buy.
CHFJPY Trading Opportunity! SELL!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 174.84 pivot level.
Bias - Bearish
My Stop Loss - 175.91
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 172.92
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURJPY: Will Keep Falling! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell EURJPY.
❤️ Please, support our work with like & comment! ❤️
(GOLD) According to the 1h analysisAccording to the 1h analysis, I'm personally looking for a selling opportunity from the resistance area near 2620.00 & 2622
Targets:- 2608.00
CAPITALCOM:GOLD
GBPJPY // countertrend breakThere is a valid bull trend on the monthly and below.
The trigger level is the daily breakdown, which is in line with the break of the countertrend line.
If it's taken back by the buyers, the market enters in the daily long expansion phase, and the daily target fibo 138.2 in line with the next daily breakdown is my target zone.
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 160.417 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/JPY pair.
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