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NQ Power Range Report with FIB Ext - 11/7/2024 SessionCME_MINI:NQZ2024 - PR High: 20923.50 - PR Low: 20889.00 - NZ Spread: 77.0 Key scheduled economic events 08:30 | Initial Jobless Claims 13:00 | Fed Interest Rate Decision 14:00 | FOMC Statement 14:30 | FOMC Press Conference AMP Futures increased margin requirements overnight - Broke above 20800 daily pivot - Continuing to auction above previous session high Session Open Stats (As of 12:25 AM 11/7) - Weekend Gap: -0.13 (filled) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 310.36 - Volume: 24K - Open Int: 262K - Trend Grade: Bull - From BA ATH: -1.3% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024Long
by mv3trader5
The situation of gold in the coming weeks, correction or new H?The situation of gold in the coming weeks, correction or new ceiling? According to the chart in the weekly long time frame, we have the hanged man candle, which is confirmed by a big red candle. Considering the fundamental conditions of the US presidential election, the growth of gold in recent weeks, the announcement of the US interest rate today, we may see a correction for gold, this precious metal. Profit from existing positions with capital management. good luck
OANDA:XAUUSDShort
by mansour1978
2024-11-06 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - 1 daily bar to almost engulf 2 months of price action. The rejection above 19600 was strong enough to expect that the highs are in but I am not convinced. I highly doubt dax will be flat or lower while wallstreet is doing an early Santa rally on coke. I am much more bullish and expect 19000 to hold. Decent 1h bear bar that closes below 19000 can convince me to turn bear. comment: Tough to ponder what to make of big up on US markets while dax sold off hard to get below 19100 again. I do think 19000 is huge support and bulls are favored but 6 consecutive daily bar closes below the ema is pretty bearish. Will continue to look for longs around 19100 until 19000 is clearly broken and we go down. current market cycle: trading range key levels: 18900 - 19700 bull case: Bulls got above 19600 which was an amazingly fast up move but the sell off was even better. Bulls have still no reason not to buy this around 19100. It has been profitable for a month now and given price action on the other markets, I am having a very hard time to be bearish. Bulls need to get above 19300 for more bears to cover and then they can try to go 19500 or higher again. Most outrageous target of 20000 is still on the table. Invalidation is below 19000. bear case : Bears see the perfect head & shoulders pattern on the daily chart. Also the huge rejection above 19600 and the 6 consecutive closes below the daily ema. Bears have all the arguments on their side to try and break below 19000. Is the current market environment good for them? I don’t know. It’s not that often that major western indices converge that much but let’s see tomorrow. Measured move down brings us to 18300. Make no mistake, I absolutely, 100% expect that price to be hit again this year. This rally is nothing but coke fueled euphoria based on hopes and dreams the next US government will wave a magic wand and fulfill wallstreet’s dreams. Invalidation is above 19700. short term: Bullish as long as 19000 holds. I think we can print 20000 before this corrects big time. Below 19000 I am wrong. medium-long term - Update from 2024-10-19 : 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: If 19000 holds tomorrow, will do a swing long and hope for a homerun to 20000. trade of the day: Wild swings in both directions. Globex was obviously as bullish as it gets but changing to full bear mode on EU open and hold to 19100 was tough.
EUREX:FDXSZ2024Long
by priceactiontds
World gold was sold off and plummetedGold sold off and plunged to its lowest level in 3 weeks after the unexpectedly decisive victory of Republican US presidential candidate Donald Trump. The Federal Reserve's FOMC meeting appears to be overshadowed but also in the spotlight this week. The meeting began Wednesday morning and ended Thursday afternoon with a statement from the FOMC and a press conference from Fed Chairman Powell. Most people believe the Fed will cut its key interest rate by 0.25%. “While the market expects a 25 basis point rate cut, any sign of a pause or slowdown in cuts will put further pressure on gold, which is already sensitive to rising interest rates and a stronger dollar", “With a stronger dollar and rising yields, gold faces immediate downside risks, potentially extending towards the 50-day moving average at $2,636.66 an ounce if the Federal Reserve State signals more caution about future interest rate cuts.” This puts a lot of pressure on Gold and we can completely believe that gold will fall even deeper 🔥 XAUUSD BUY LIMIT 2649 - 2647🔥 ✅TP1: 2660 ✅TP2: 2670 ✅TP3: OPEN 🚫SL: 2638 🔥 XAUUSD SELL LIMIT 2676 - 2674🔥 ✅TP1: 2665 ✅TP2: 2655 ✅TP3: OPEN 🚫SL: 2685
OANDA:XAUUSD
by FalCol_TradingMaster
Top 5 Weekly Trade Ideas #4 - NQ Supply ShortI'm pretty bullish right now but I can't help but think this is a good short here. VX is near support after getting completely crushed and FOMC should lead to no surprise. Seems like a good spot for this rally to pause. This supply zone was created all the way back in July and this is the first retest. In addition to that, we have trendline resistance in the area as well. We already had a break below this triangle and it resulted in a big fakeout and reversal to the upside. It may not be as reliable, but if we break below for good I'd be targeting 19.7k as a final target. This week's low would be the first target. If we breakout above and keep going I would not advise having short bias. I'd be out of puts and looking for longs on a retest.
CME_MINI:NQ1!Short
by AdvancedPlays
XAUUSD first time under the MA200 (4h) in 3 months.Gold broke today under the MA200 (4h) for the first time since August 7th. So far that hasn't invalidated the 5 month Channel Up, in fact today's low makes a perfect Higher Low for the bearish wave. Trading Plan: 1. Buy on the current market price. Targets: 1. 2845 (+7.31% rally, which is the lowest it has so far inside the Channel Up). Tips: 1. The RSI (4h) hasn't been this oversold (reached 20.00) inside the Channel Up. An additional strong buy signal. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
GOLD H12 IdeaRecord High and Pullback Gold recently hit a record high of $2,790.17, mainly driven by safe-haven buying due to uncertainty around the U.S. election and tensions in the Middle East. However, it pulled back to $2,736.45 as the U.S. dollar and Treasury yields rose, making non-yielding assets like gold less attractive. Weak Jobs Data and Fed Rate Cut Expectations The latest U.S. Non-Farm Payrolls report showed a low increase of 12,000 jobs, supporting hopes for a Fed rate cut on November 7. This expected cut could make gold more appealing by reducing the opportunity cost of holding a non-yielding asset. A 25-basis-point cut is nearly priced in, though dollar strength is currently offsetting some of this potential support. Technical Indicators Point to Bearish Reversal Gold’s weekly chart shows a possible bearish reversal pattern, with $2,724.75 as a critical support level. If prices drop below this level, it could lead to further declines, potentially targeting $2,697.28 or even $2,604.39. Upcoming Events and Market Impact With the U.S. presidential election and Fed decision next week, markets expect heightened volatility. The election uncertainty could continue to support gold’s safe-haven demand, while a Fed rate cut might add further upside if announced. Outlook If gold holds above $2,724.75, it may signal consolidation and possible upside, especially if the Fed cuts rates as anticipated. Conversely, a break below this support could confirm a short-term correction. For now, the market leans toward a cautious bearish stance in the short term, with potential support from safe-haven demand and lower rates longer term. Traders should monitor critical levels and prepare for swings tied to the election and Fed decision.
OANDA:XAUUSD
by GOLDFXCC
XAUUSD: Buy@2660-2652 TP 2686-2702The result of the election, with Trump becoming the President of the United States, led to a significant drop in gold prices. The original target range for this week was between 2786-2752, but due to the news impact, the target was reached earlier than expected, so the upcoming trading plan needs to be adjusted. Today's trading was quite volatile. The long positions entered early were closed near 2728, resulting in some losses. However, these losses were effectively compensated during the subsequent rebound. At the same time, short positions brought in substantial profits . Currently, gold prices have dropped to around 2760.. It's important to note that gold's price corrections often come with strong rebound signals. If you're currently holding long positions and temporarily trapped, it's advisable to remain patient, as a rebound is expected soon. My personal target for this rebound is around 2700. The potential for this rebound is worth watching closely.
OANDA:XAUUSDLong
by Mia-Signal
11.7 Analysis of Short-term Gold OperationsOn Wednesday (November 5), gold prices fell below $2,700 as the dollar rose after Republican Donald Trump was elected as the US president after his amazing political comeback. Now it is trading sideways at $2,666. Technical analysis: Gold has key positions of support and resistance in the short term. At this stage, the $2,680-2,675 area constitutes an important support level for gold. If the gold price falls below this level, it may accelerate downward to test the support area below $2,650, which is the lower edge of the short-term rising channel since July. If it falls further, the next support range of market attention will be concentrated around $2,665, and further explore the $2,640 line. At the same time, if the gold price rebounds, the $2,748-2,750 area may constitute the first resistance level, and the key resistance above is in the $2,780-2,785 range. If it can stand firm in this range, it may be expected to return to the $2,800 mark. It is worth noting that the $2,800 mark, as the pivot point of the long-term upward trend, will be of great significance to the bulls. If it can be steadily broken through, it may restart the upward trend. BUY:2660 First target 2680 Second target 2700 Third target 2720
FXOPEN:XAUUSDLong
by David_strategy
3
Trade 2: XAU/USD - Short - 8.2 RR RatioLonger Time Frame Analysis - 1hr 1. Clear bearish sentiment Shorter Time Frame Anlaysis - 15min 1. AMD price action 2. Bearish Triangle 3. Engulfing bearish candle between 0.5 and 0.382 Shorter Time Frame Analysis - 5min 1. Shorter EMA cross under Longer EMA at the bearish triangle breakout Entry: 1. BOS 2. Shorter EMA cross under Longer EMA 3. The candle next to breakout bearish candle closed below the price of breakout candle Targets: Using Trend Based Fib Extension T1: 2649.23 T2: 2636.50 T3: 2620.40 SL: Above EMA cross under of 5 min time frame *Please share your views and thoughts about the setup*
FOREXCOM:XAUUSDShort
by MyWayofLookingThings
Yaqoub-proThis chart shows a strategic approach to trading gold (XAU/USD) by setting multiple take-profit (TP) levels and a stop-loss (SL) to manage risk and maximize profit. The entry price is set at 2666.1575, with three predefined target profit levels: TP (1) at 2663.76, TP (2) at 2661.36, and TP (3) at 2658.96. Each TP level offers an exit point that secures incremental profits if the price moves in favor of the trade. A stop-loss is positioned at 2668.56, limiting potential losses if the market moves against the trade. Additionally, a market session indicator shows which trading sessions are active, highlighting Sydney as active in this example, with trend and volume data for each session. This setup aims to provide a structured risk-reward strategy, allowing the trader to capture profits at different levels while maintaining a disciplined approach to loss management.
PEPPERSTONE:XAUUSDShort
by Yaqoubyousef
2
GOLD Analysis Post-Election: Bearish Continuation with Key LevelTechnical Analysis As we mentioned yesterday, GOLD was expected to be bearish due to the high likelihood of Trump’s success in the election. Now that Trump has won, GOLD has dropped by about $49 as anticipated, reaching 2712 and 2700. Currently, we remain in a bearish trend, with the price still aiming for 2712 and potentially 2695 and 2677. A retest of up to 2739 is possible. As long as the price trades below 2731, further declines toward 2712 and 2695 are expected. Bearish Scenario: The price may retest 2731 before resuming its downward trend toward 2706, 2695, and 2677. Stability below 2706 reinforces the bearish outlook. Bullish Scenario: A 4-hour candle close above 2739 would indicate a potential bullish shift, with subsequent targets at 2749 and 2758. Key Levels: Pivot Point: 2731 Resistance Levels: 2739, 2749, 2758 Support Levels: 2706, 2695, 2677 Trend Outlook: Under 2739: Downtrend previous idea
OANDA:XAUUSDShort
by SroshMayi
XAUUSD - AnalysisMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower. But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure. We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower). Your success is determined solely by your ability to consistently follow the same principles.
OANDA:XAUUSDShort
by Maks_Klimenko
NQ breaks to new highs. Markets reacting to Election ResultsThis upward trend seems to have some momentum today. I'm not suggesting traders chase this rally and hold anything overnight, but I am seeing new highs on the ES/NQ charts, and IWM and other sectors are rallying to new ATHs today as well. This shows the scale of capital sitting and waiting for the election to play out. Traders were very concerned with the election outcome. At this point, I consider this rally phase a bit overcooked. The ES and NQ will likely continue to try to push higher as we move into the Santa Rally phase, but as a trader, I would be cautious of any overreaction to the election results. My best advice for my followers is to continue trading in minimal quantities unless you can handle taking huge lumps/losses over the next 3 to 4 days. The US markets will settle into next week, and after this emotional price move subsides, we'll start to trend based on more logical economic data. There will be some huge opportunities for skilled traders over the next 5+ months. Get ready. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!Long
by BradMatheny
1
GOLD | Preparing for Short OpportunityI am looking to short gold by comparing and simulating the previous impulsive trend, expecting a similar price and time structure. Price is approaching key Fibonacci levels between 2815 and 2830, which coincide with a potential reversal zone from the recent bullish leg. Before entering the trade, it's crucial to wait for clear confirmation, such as a strong bearish candlestick pattern or momentum shift with a bearish divergence on the MACD.
OANDA:XAUUSDShort
by SRA_Trades