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Chart Idea - Bearish Setup on YM1!E-Mini Dow Jones had been making a bearish divergence on daily TF since July 2024. We also have been seeing it in an upward trend since Aug of this year. It finally it breaking today. It seems that the daily candle will close below the trend line today. If it does, we can look at the beautiful short setup on the retracement. Entry - 42950-43000 SL - 43600 TP1 - 42000 TP2 - 41000 We hardly see these kind of clean setups. There is a high probabilty that it will play out before elections in November. Not a financial advice !!
CBOT_MINI:YM1!Short
by smwajeeh
Gold Rebounds to $2700! Post-Trump Rally Shows Signs of PullbackFollowing Trump’s election-driven downturn, gold prices have fully rebounded, climbing back to the $2700 mark. However, after this sharp rise, signs of a potential pullback are becoming apparent. I believe gold is nearing a short-term peak, making this an opportune moment to start selling and capture possible downside moves to lock in profits during the adjustment. Keep an eye on the market and stay flexible to manage the upcoming volatility.
FOREXCOM:XAUUSDShort
by Wealth_Waves
Update on the Gold Long Trade: +10.41R Hey Traders! 📈 I'm excited to share that I closed the Gold trade at a rewarding 10.41RR! 🎉 This trade highlights the power of multi-timeframe analysis and disciplined risk management. Recap of the Trade: Market Context: On the daily timeframe, Gold was in a retracement phase. By zooming into the 1H timeframe, I spotted a reaccumulation pattern, indicating a potential continuation of the uptrend. Entry Setup: After the retracement, the 1H chart showed a strong breakout, confirming the uptrend. I entered a long position, aligning with the overall market direction. Risk Management: Implemented a trailing stop to protect profits while allowing the trade to breathe and capture additional upside. Key Takeaways: Multi-Timeframe Analysis Works: Combining higher and lower timeframes can reveal high-probability setups that might be missed when looking at a single timeframe. Stay Disciplined with Risk Management: Using tools like trailing stops can help maximize gains and limit losses. This experience reinforces how effective market structure analysis and proper risk management can lead to successful trades. I hope this breakdown helps you in your trading journey! Did you catch this move or spot similar setups? Share your experiences below! Let's continue to learn and grow together. 🚀 Happy Trading! Disclaimer: This post is for educational and informational purposes only and should not be considered financial advice. Trading involves risk, and you should conduct your own research or consult a financial advisor before making any trading decisions.
OANDA:XAUUSD
by TraderOuss_LumaNex
FinNifty Support and Resistance Levels For 8th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #FinNifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:FINNIFTY1!Long
by Prabhu2020
LOOKING FOR THE NEXT SHORTXAU/USD 1D - As you can see with this pair we have recently had price trade us lower due to the strength in the dollar with recent news. This was a highly anticipated move with everything thats been going on. So anyone who capitalised on this well done, my thoughts to trade the market short this week was given in this weeks Sunday Sessions video. I want to see a continuation in bearishness. Before we see price continue to trade us lower however I am expecting price to come and correct some of this inefficient structure and as a result giving us the ability to jump in on this market in short positions. Before we do this we want to see price trade into our area of interest and give us relevant confirmation to take the market lower, this will be displayed with a fractal BOS to the downside, confirming an end to the correction and the start of the next bear run.
OANDA:XAUUSDShort
by Lukegforex
Gold: A Sudden Pivot and Decline… All Eyes on Powell and the FedGold’s Outlook Amidst Global Shifts: Anticipating the Federal Reserve’s Decision and Trump’s Return to Power Gold (XAUUSD) currently exhibits a technical reversal setup, hinting at a potential downward trend in the medium to long term. The fundamental landscape is shifting to favor the U.S. dollar, subtly steering capital away from gold. This pivot is influencing price targets and investor sentiment, aligning more with an appreciation of the dollar than a rally in precious metals. In a surprising twist in U.S. politics, Donald Trump has regained the presidency. What does this political shift mean for gold and other key markets? Historically, Trump’s policies have leaned toward deregulation and fiscal expansion, potentially fueling inflation. With an administration focused on rapid economic growth and bold policies, there’s a plausible scenario for rising inflation, increased demand for the dollar, a robust stock market, and strengthening U.S. bond yields. Yet, gold and currency markets might not see immediate benefits from this environment. Trump’s known stance toward China and Europe, marked by economic confrontation and protectionist measures, could eventually provide a supportive backdrop for gold, although this may not manifest immediately. Investors may perceive gold as a safe haven in the face of prolonged U.S.-China tensions, but significant gains may only materialize over time—perhaps not until late next year or beyond. So, what are the forward-looking targets for gold? Analysts are keeping an eye on potential pullbacks to levels like 2400, 2300, or even 2200. Should the selling pressure increase, a test of the 2000 mark isn’t out of the question. These medium to long-term projections underscore a cautious outlook, hinging heavily on both domestic policy under the new administration and ongoing global economic challenges. At present, however, the immediate focus lies with the Federal Reserve. This Thursday’s rate decision is critical: Will the Fed cut by another 0.25% to continue economic support, or opt for stability and keep rates steady? Yet, the spotlight is less on the rate decision itself and more on Fed Chair Jerome Powell’s commentary. Any signals that the Fed may ease up on its current rate cut cycle could impact markets dramatically, especially those tied closely to interest rates like gold. Hints of a potential slowdown in easing could push investors away from the yellow metal as confidence in the dollar strengthens. From a technical perspective, gold appears to be re-entering a price range, with attention drawn to significant internal levels, including the 0.5 Fibonacci retracement line—a crucial marker. Should gold breach this level, a resumption of the downtrend may be imminent. If sellers reclaim control below this level, a deeper pullback may follow. Key Levels to Watch: Resistance: 2670, 2685, 2696 Support: 2652 (trigger point), 2637, 2624 As a correction pattern emerges in the wake of recent declines, traders are monitoring for a potential false breakout. If gold experiences a brief push above these resistance points but subsequently consolidates below them, it could signal a continuation of the bearish trend. In summary, gold's trajectory will be shaped by a unique combination of technical pressures and fundamental shifts. Trump’s return and its implications for inflation and foreign policy, combined with the Fed’s upcoming rate guidance, form a complex backdrop. Investors should brace for heightened volatility, as the evolving policy landscape and economic indicators will likely be pivotal in determining gold's next moves.
OANDA:XAUUSDShort
by lonelyPlayer0
XAUUSD: Target of 2686 Achieved; Bulls Still Have OpportunityAs of now, gold has rebounded by over $40, achieving the 2686 target shared in our post-drop strategy. Those who sustained losses during the recent decline should now have recouped them, and some may even be in profit. This trading experience has likely given everyone a deeper understanding of the market, as well as an opportunity to learn to overcome the inevitable fears that come with trading, helping to bring a more rational approach. Looking ahead, I believe the rebound following this major drop is not yet over. A retest of support levels will be a key focus, and as long as support holds, gold reaching 2700 again seems very likely. For strategy, we can continue focusing on buying at lower levels.
OANDA:XAUUSDLong
by Mia-Signal
Bitcoin Market Outlook (W45/2024) // AlgoFyreBitcoin's weekly outlook indicates a potential bearish shift, marked by a failed auction and a possible head and shoulders pattern. A retest of the sell-side liquidity (SSL) zone may confirm further downside. Lower highs reinforce selling pressure, suggesting weakened bullish momentum. 🟢 Short-Term Outlook (Next Few Days to Weeks) - Bullish Scenario 🔸 Key Support Zone : The price action shows a strong support level in the region around 74,415, marked as ATH 2024. This area is likely to act as a significant support if the price pulls back, providing a potential "retest and go" scenario. 🔸 Potential Liquidity Grab : The SSL zone (Stop-Loss Zone) marked on the chart indicates a possible liquidity sweep. If the price dips into this zone and then rebounds, it could trigger buying pressure, leading to a bullish reversal. 🔸 Bullish Wave Formation : The current structure shows the possibility of an Elliott Wave pattern, where a corrective ABC structure might complete near the SSL zone. Following this, a new bullish wave is likely to emerge, suggesting upward momentum. 🔸 Higher Highs Expected : The outlined potential pathways for the price indicate a series of higher highs if the bullish scenario unfolds, aligning with continued bullish momentum towards and beyond the 76,000 level. 🔸 Bullish Summary (TLDR): Key support around 74,415 could serve as a launchpad. SSL liquidity grab might trigger a bullish reversal. Potential Elliott Wave structure suggests upward momentum. Higher highs anticipated in the bullish scenario. 🔴 Short-Term Outlook (Next Few Weeks to Months) - Bearish Scenario 🔸 Possible Failed Auction : The current price structure shows signs of a potential failed auction near the top, suggesting that bullish momentum might be losing steam. This pattern often precedes a reversal as sellers start to dominate. 🔸 Head and Shoulders Pattern : The chart displays a possible head and shoulders pattern, a classic bearish reversal signal. This could indicate a significant shift in market sentiment, with the potential for downward movement if this pattern completes. 🔸 Sell Side Liquidity (SSL) Zone Retest and Breakdown Risk : The SSL (Sell Side Liquidity) zone is a key area of liquidity that could be revisited. If price breaks down after testing this zone, it could confirm a bearish scenario, with further downside expected as sellers take control. 🔸 Lower Highs Formation : The recent highs are progressively lower, a typical bearish sign indicating that buying interest is weakening. This pattern suggests that the market may struggle to push higher, increasing the likelihood of a decline. 🔸 Bearish Summary (TLDR): Possible failed auction suggests weakening bullish momentum. Head and shoulders pattern points to a potential reversal. SSL zone retest may lead to further downside. Lower highs indicate waning buying interest. 🔶 Key Takeaway Bitcoin's price action suggests a potential bearish reversal as sell-side liquidity (SSL) and a possible failed auction indicate weakening bullish momentum. A head and shoulders pattern and lower highs further support the likelihood of downward movement in the coming weeks.
CME:BTC1!
by AlgoFyre
Gold - Short Position Based on Downtrend & Fib retracementThe sell entry can be at the 0.318 Fibonacci retracement level at 2683 or the nearby R1 resistance level at 2686, both of which offer potential entry points in the current downtrend. The stop loss is placed at 2750, above the recent lower high (LH), to manage risk effectively. The first take profit (TP1) is set at 2622 as an initial exit point, while the second take profit (TP2) is at 2558 to capture further downside if the trend continues. The chart structure shows a downtrend with a series of lower highs (LH) and lower lows (LL), favoring short positions. This downtrend will only be invalidated if the recent LH is broken, signaling a potential reversal, which would then require a series of higher highs (HH) and higher lows (HL) to confirm a new uptrend. Monitor price action near these levels and adjust as necessary if a trend change occurs.
CAPITALCOM:GOLDShort
by Naqash16046
Nasdaq's Historic Peaks: Insights from BigAskMagnet InstituteThe Nasdaq Composite has experienced remarkable highs, including its dot-com bubble peak of 5,048.62 on March 10, 2000, and more recently, surpassing 18,900 in November 2024. These milestones highlight shifts in market sentiment and the growing dominance of the tech sector. At BigAskMagnet Institute, we analyze these trends to provide traders with a clear understanding of the forces driving market growth. From the rapid expansion during the 1990s to the digital boom of the 2020s, Nasdaq's trajectory offers valuable lessons for investors navigating today’s volatile market. Stay tuned for more insights as we decode market movements and uncover future opportunities!
CME_MINI:NQ1!
by BidAskMagnet
Gold Drops $100! Is Now the Perfect Time for a Pre-Rebound Buy?With Trump’s presidency and his economic focus, gold prices have taken a sharp plunge, dropping nearly $100. While I anticipated a decline, this significant drop exceeded my expectations. Fortunately, we managed to close out our long positions above 2700 and also capitalized on a successful sell-off during the New York session. Gold has now fallen below 2660 and remains pressured under the MA5 on the 30M chart. However, I believe a strong rebound is imminent. I estimate that gold could reach a solid bottom around 2646, with a possible low near 2631. On the 1D chart, the MA60 sits at approximately 2618, though I believe it’s unlikely to drop that far today. Today’s plan is to buy on the dip, with an eye on a potential rise to around 2780, after which I’ll shift strategy to selling. By seizing this potential rebound, we stand to capture considerable gains!
FOREXCOM:XAUUSDLong
by Wealth_Waves
BigAskMagnet Institute: The Case for Going Long on Gold FuturesAt BigAskMagnet Institute, we strongly advocate for a long-only approach to gold futures in the current market. Here's why: 1. Fundamental Drivers: Inflation and Currency Risks: Persistently high inflation and weakening currencies are solidifying gold’s position as a hedge. Geopolitical Uncertainty: Ongoing global tensions are fueling demand for safe-haven assets, with gold leading the charge. 2. Technical Strength: Recent price action confirms a strong bullish trend, breaking through critical resistance levels at . BigAskMagnet Institute anticipates further upside potential, with targets at . 3. Long-Only Strategy Benefits: Gold’s long-term value proposition makes short positions riskier in this environment. BigAskMagnet Institute recommends focusing solely on long entries, using pullbacks as buying opportunities. Risk Management Tip: Place stop-losses strategically below key support levels to safeguard your position while allowing for market fluctuations. Gold remains a strong performer in turbulent times, and a long-only strategy ensures traders stay aligned with the dominant trend.
COMEX:GC1!Long
by BidAskMagnet
Time to Buy More Gold Futures ContractsAt BigAskMagnet Institute, we believe the time is ripe to increase exposure to gold futures. The precious metal has been demonstrating strong bullish potential, driven by key macroeconomic factors such as rising geopolitical tensions, inflationary pressures, and dovish central bank policies. Key Points: Fundamental Factors: Gold is regaining its status as a safe-haven asset amid global uncertainty. Technical Analysis: Recent price action shows a breakout above , with the next target at . Volume confirms the bullish trend. Risk Management: Suggested stop-loss at to mitigate potential downside risks. Gold futures offer a strategic opportunity to capitalize on the current market environment. BigAskMagnet Institute is here to guide you in navigating these golden opportunities.
COMEX:GC1!Long
by BidAskMagnet