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Waiting for the trend to form Update: Friday, December 20, 2024 There is a downtrend line in the form of resistance!!! We are monitoring the expected movement of the current price. The price may encounter resistance and continue the downward movement. If the downward sloping line is broken, and passes through the support level, the rise may be confirmed and the rise has begun. There are suggestions for two Fibonacci corrections indicating the formation of the beginning of the rise!!! In this case, the Fibonacci technique works when the price stabilizes above the 0.74 area for two Fibonacci corrections, indicating a local upward movement or a rising coordination. Conclusion: As long as the price is below the sloping line, or continues in the downward direction, the downward trend is preferred if it does not reverse to the upside. The next possible trading area is 2540, this price is considered a support area and the price may head towards it.
VANTAGE:XAUUSD
by chihaaymen
XAUUSDUpdate: Friday, December 20, 2024 There is a downtrend line in the form of resistance!!! We are monitoring the expected movement of the current price. The price may encounter resistance and continue the downward movement. If the downward sloping line is broken, and passes through the support level, the rise may be confirmed and the rise has begun. There are suggestions for two Fibonacci corrections indicating the formation of the beginning of the rise!!! In this case, the Fibonacci technique works when the price stabilizes above the 0.74 area for two Fibonacci corrections, indicating a local upward movement or a rising coordination. Conclusion: As long as the price is below the sloping line, or continues in the downward direction, the downward trend is preferred if it does not reverse to the upside. The next possible trading area is 2540, this price is considered a support area and the price may head towards it.
VANTAGE:XAUUSD
by chihaaymen
Continued bearishness in crude oil pricesOn December 17, 2024, oil prices showed a slight stabilization following the drop in U.S. crude inventories and the Federal Reserve's (Fed) interest rate cut. However, gains were limited by expectations that the Fed will slow the pace of cuts in the coming months. Brent crude oil futures rose 20 cents, closing at $73.39 per barrel, while West Texas Intermediate (WTI) crude rose 50 cents, reaching $70.58. Despite these increases, gains moderated after market close. The U.S. Energy Information Administration reported a drop in crude oil and distillate inventories, while gasoline inventories increased in the week ending December 13. In addition, total product supply, a key indicator of demand, grew to 20.8 million barrels per day, reflecting an increase of 662,000 barrels from the previous week. Despite the partial optimism around demand, crude oil prices fell briefly following the Fed's announcement to cut interest rates, although the pace of these cuts is expected to slow. The Fed projects only two additional rate cuts through the end of 2025, which could boost oil demand, but also dampen near-term expectations. On technical analysis, crude oil continues to lose value, with the price looking for the $68 area since the start of the European session. The POC mid-zone is around $70.20, and the RSI is highly oversold at 30%. The crossover of the 200-average over the 100-average reinforces the prospect of a bearish continuation, as anticipated in previous weeks. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ACTIVTRADES:LCRUDEShort
by ActivTrades
Institutional Multi-Timeframe Ichimoku Kinko Hyo Analysis and TrDaily Chart Analysis Trend Context: • Price: $2,603.58 • Relative Positioning: Price is below the Kumo, confirming a long-term bearish bias. • Kumo (Cloud) Analysis: • Jump Thickness: Thick Kumo ($13.81 gap between Span A and Span B) reinforces strong resistance. • Senkou Span A: $2,640.15 (flat slope, signaling equilibrium). • Senkou Span B: $2,653.96 (flat slope, acting as a ceiling). • TK and KS Crosses: • TK Cross is bearish below the Kumo. • Tenkan-sen (Conversion Line): $2,653.96 • Kijun-sen (Base Line): $2,647.05 • Chikou Span: • Positioned below price and Kumo, confirming bearish sentiment. • Distance: Significant lag, reinforcing the downward momentum. Timing Cycles (9, 17, 26): • Price aligns with the 17-period cycle, suggesting a potential liquidity probe above $2,614 before continuation lower. Key Confluences: • Resistance: • $2,640.15 (Senkou Span A and Fibonacci 50% retracement). • $2,653.96 (Senkou Span B and Kumo ceiling). • Support: • $2,592.43 (VWAP deviation and institutional bid). • $2,581.85 (swing low and major liquidity zone). 4-Hour Chart Analysis Trend Context: • Price: $2,603.51 • Relative Positioning: Price is below the Kumo, aligning with the bearish daily chart trend. • Kumo (Cloud) Analysis: • Jump Thickness: Thin Kumo ($8.21 gap) indicates volatility and weak resistance. • Senkou Span A: $2,614.86 (sloping upward slightly, suggesting potential pullback). • Senkou Span B: $2,623.07 (flat slope, acting as an institutional resistance ceiling). • TK and KS Crosses: • TK Cross is neutral, forming inside the Kumo. • Tenkan-sen: $2,606.65 • Kijun-sen: $2,604.15 • Chikou Span: • Positioned below price and Kumo, confirming bearish pressure. • Distance: Slight lag, reinforcing bearish continuation. Timing Cycles (9, 17, 26): • A 9-period cycle aligns with a likely pullback to $2,614.86 before continuation lower. Key Confluences: • Resistance: • $2,614.86 (Senkou Span A and Fibonacci 61.8% retracement). • $2,623.07 (Kumo upper boundary and major institutional level). • Support: • $2,592.43 (VWAP and liquidity zone). • $2,581.85 (key institutional bid). 1-Hour Chart Analysis Trend Context: • Price: $2,603.76 • Relative Positioning: Price is testing the Kumo lower edge, signaling potential consolidation or rejection. • Kumo (Cloud) Analysis: • Jump Thickness: Narrow Kumo ($6.10 gap) signals indecision but sets a rejection threshold. • Senkou Span A: $2,606.65 (flat slope, suggesting equilibrium). • Senkou Span B: $2,612.75 (flat slope, acting as minor resistance). • TK and KS Crosses: • TK Cross is neutral, forming near the Kumo edge. • Tenkan-sen: $2,604.15 • Kijun-sen: $2,606.65 • Chikou Span: • Aligned with price, confirming consolidation. • Distance: Flat positioning indicates potential sideways movement. Timing Cycles (9, 17, 26): • Expect a price test above $2,606.65 in the next 9 periods before potential rejection lower. Key Confluences: • Resistance: • $2,606.65 (Senkou Span A). • $2,612.75 (VWAP deviation and Kumo upper boundary). • Support: • $2,601.65 (VWAP midpoint). • $2,592.43 (session low). 30-Minute Chart Analysis Trend Context: • Price: $2,604.23 • Relative Positioning: Price is consolidating at the Kumo lower boundary, reflecting indecision but bearish dominance. • Kumo (Cloud) Analysis: • Jump Thickness: Thin Kumo ($4.12 gap) signals low resistance. • Senkou Span A: $2,604.98 • Senkou Span B: $2,606.65 • TK and KS Crosses: • TK Cross is flat, aligned with consolidation. • Tenkan-sen: $2,603.76 • Kijun-sen: $2,604.98 • Chikou Span: • Flat and aligned with price, confirming short-term sideways action. Timing Cycles (9, 17, 26): • Price is expected to break toward $2,606.65 (Senkou Span B) before resumption of bearish movement within 9-17 periods. Key Confluences: • Resistance: • $2,604.98 (Senkou Span A and VWAP). • $2,606.65 (Kumo upper boundary). • Support: • $2,601.79 (VWAP lower deviation). • $2,592.43 (institutional liquidity zone). Actionable Entry/Exit Signals Short Setup: 4-Hour Resistance Rejection • Entry Price: $2,614.86 (Kumo lower edge on 4H chart). • Stop Loss: $2,623.50 (above Kumo upper edge). • Take Profits: • TP1: $2,601.65 (VWAP midpoint). • TP2: $2,592.43 (session liquidity zone). • TP3: $2,581.85 (long-term institutional bid). Mean Reversion Scalping Long: Tokyo Session • Entry Price: $2,601.65 (VWAP midpoint). • Stop Loss: $2,598.50 (below VWAP lower deviation). • Take Profits: • TP1: $2,606.65 (Kumo upper edge). • TP2: $2,612.75 (VWAP deviation and Kumo resistance). Breakout Long Setup: NYC Volatility • Entry Price: Above $2,614.86 (confirmed breakout). • Stop Loss: $2,610. • Take Profits: • TP1: $2,620 (VWAP upper deviation). • TP2: $2,640.15 (daily Kumo lower edge).
FX:XAUUSDShort
by ICHIMOKUontheNILE
Natural Gas !! Bulls are Still on the Road.How's the Josh trader ?? Natural gas has a Good Setup... I am extremely sorry to update so late, I am holding it 225 Levels and I am expecting it to go towards 370-375 Levels. As we Can Clearly see on Chart ... Natural Gas is on the rally towards Wave 3 ( Wave 3 is the longest in Impulse Wave ) so I am Clearly Betting towards 370-375 Levels. SO, LONG NATURAL GAS @ MARKET PRICE TARGET @ 370-375 STOPLOSS @ OPEN NOTE : THIS IS FOR EDUCATIONAL PURPOSE PLEASE REFER TO YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADE Have A Good Day Traders.
MCX:NATURALGAS1!Long
by Trading_Bulls0000
Gold: Multi Tie FrameHello Traders In the weekly timeframe, an ascending channel is observed, showing a good reaction at its upper boundary. We are waiting for a price pullback to the next resistance level. In the daily chart, an ascending trendline has been broken, with two returns to the breakdown area around 2600.700, indicating the strength of sellers. The price returning to this area for the third time also shows the buyers' insistence. If the price can stabilize below 2532.800, the likelihood of further decline increases. Conversely, if the price cannot break through the green zone, we predict an upward movement to 2606.200. At the same time, we anticipate a slow downward trend and fluctuations to around 2568 in the coming days.
OANDA:XAUUSDShort
by AliSignals
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!
OANDA:XAUUSDShort
by Hellena_Trade
3
Xauusd for a selling opportunity from the H1According to the lower timeframe, I'm personally looking for a selling opportunity from the H1 resistance area because it's a major zone for sellers. Now the price consolidating between the parallel channel, but we can expect, it will break the resistance and move towards the major resistance area. But if the price successfully breaks our channel downside, then we will start placing our stop orders. Target:- 2588.00 / 2558.53 Let's see how the price will move. CAPITALCOM:GOLD
CAPITALCOM:GOLDShort
by TRADE_CENTER_1
Buy gold, there is still a chance to rebound to 2640Bros, gold has fallen sharply due to the hawkish rate cut, and the lowest has reached around 2584, and then rebounded; just now, gold touched around 2687 during the second decline, and then rebounded to above 2690, showing signs of building a W double bottom in the structure. Although the rebound of gold is relatively weak, the downward space is gradually converging. I was optimistic that gold would continue to fall to around 2670, but at present, since gold has signs of forming a W double bottom structure, after consuming a certain amount of short energy, once the W double bottom structure is successfully built, gold may still rebound to 2640 again. So in trading, I think it is best not to continue to chase short gold in short-term trading. We can go long on gold with the 2590-2580 area as the support area, and the defense position is 2570. So in short-term trading, I am currently more inclined to go long on gold. Bros, are you as optimistic about the gold rebound as I am? 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!
OANDA:XAUUSDLong
by Trader_Marvin
S&P 500 Comes Back From Extreme "Extreme"In the S&P 500, we observe a very similar scenario to the Nasdaq (see link to the NQ chart). It’s worth noting that we’ve seen this situation a few times before: the price traded outside the orange fork, moved back into the fork, but then left behind a "Hagopian" and shot back above it. This is irrational market behavior caused by artificial buying pressure (Gamma Squeeze). Now, we see the market bouncing off the 1/4 line between the warning line and the U-MLH of the white fork. And yet again, we’re trading within the orange fork. What now? Back up again or is it really heading down this time? Read my lips: "I - Don’t - Know." §8-) Buuuut, the projection and the extent of the over extension lead me to believe that this time, it’s going to crash! Like in the NQ, my stance here is **short** for the coming weeks, and possibly even months.
CME_MINI:ES1!Short
by Tr8dingN3rd