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2024

GOLD ANALYSIS 27/06/24Current Gold Price Trends: Gold is currently trading around $2,328.135, having rebounded from $2,315 due to a weaker US Dollar and declining US Treasury yields The anticipation of Federal Reserve rate cuts this year supports the bullish sentiment for gold . Impact of Core PCE Index on Gold: The Core PCE Price Index, a key inflation measure, will be released tomorrow. This data can significantly influence gold prices as it shapes Federal Reserve policies A higher-than-expected Core PCE Index could indicate persistent inflation, potentially leading to higher Treasury yields and a stronger US Dollar, which may exert bearish pressure on gold prices . Conversely, a lower-than-expected Core PCE Index may suggest slowing inflation, prompting expectations for Federal Reserve rate cuts, thereby supporting bullish momentum for gold Technical Analysis from the Screenshot: The chart shows key resistance levels at 138.00% ($2,397.895), 161.80% ($2,416.014), and 175.00% ($2,426.064) Fibonacci retracement levels for bullish scenarios. Key support levels for bearish scenarios are indicated at 138.00% ($2,257.790), 161.80% ($2,238.630), and 175.00% ($2,228.003) Fibonacci retracement levels. If the Core PCE Index is extremely low, gold may break above the resistance levels; if it is extremely high, gold may break below the support levels.µ Reminder : i will update with news , possible entries Stay Tuned and Support me & Max Share and Boost Brothers & Sisters Love to help you all
OANDA:XAUUSDLong
by TraderFa9ir
A Shining Year for Gold: Geopolitical Risks and Economic DynamicThe year 2024 may be a bright year for gold, but it coincides with a period of increasing geopolitical risks. Global political and economic uncertainties, while unsettling investors, may boost demand for safe-haven assets such as gold. Another notable feature of this year is the decline in inflation and interest rates. It is expected that inflation will be kept under control, and central banks will opt for interest rate cuts. The -0.75% interest rate reduction can be considered as part of efforts for economic recovery. Gold has traditionally been a sought-after investment in environments characterized by low inflation and interest rates. Therefore, the anticipated interest rate cut in 2024 may support gold prices. However, the persistent presence of geopolitical risks remains another crucial factor influencing the value of gold. Investors will carefully monitor the performance of gold in 2024, taking into account both geopolitical developments and economic indicators in this complex and dynamic environment. In the face of potential risks, a diversified investment strategy may provide a more secure position. ------------------- When I look at the gold mining index, I see a very positive increase. ------------------- The graph of gold in 12-6-3 month time frames gives very positive clues that the price will rise. ------------------ My Goals for 2024 - 2200 - 2500 - 2700
PEPPERSTONE:XAUUSDLong
by FXMHDH
4
BTC - Next Bullish Impulse Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 BTC has been overall bullish, trading above the rising trendline marked in red. Currently, BTC is undergoing a correction phase and approaching the trendline. Moreover, it is retesting a strong support zone marked in blue. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support zone and red trendline acting as a non-horizontal support. 📚 As per my trading style: As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
ONDO - Rising Again Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈ONDO has been overall bullish, trading within the rising channel marked in blue. Currently, ONDO is undergoing a correction phase in the shape of a falling channel. Moreover, it is retesting massive support and demand zone in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue/red trendlines acting as non-horizontal support. 📚 As per my trading style: As #ONDO approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
4
Bitcoin - Keeping It Simple!Hello TradingView Family / Fellow Traders, 📦 After rejecting the $70,000 - $72,000 resistance zone, BTC has been hovering within a narrow range during a correction phase. 📈 For this impulse phase from $20,000 to persist and push towards the next resistance at $80,000, a break above the $72,000 mark is needed. 📉 In parallel, if the $60,000 support is broken downward, we expect an over-extended bearish correction towards the $50,000 - $52,000 support zone. Which scenario is more likely to happen first, and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
10
SUN Price prediction 2024 - SUN IS GOING TO SHINE AND $0,07 SUN Price Prediction 2024 - Will SUN Shine Bright? Based on our analysis, SUN could reach an exciting target of $0.07 by the end of this year. Current Trends At the start of the year, SUN's trend looks promising and different from previous years. This isn't just about a percentage increase but also about its overall development. Year 2023 was a red year and 100% not sumllair as the trends of this year. The year 2024 already made some start trends also to see on chart. What’s Next for SUN? We’re keeping a close eye on SUN because it has shown some very interesting movements recently. For 2024, there are several possible targets: $0.021 $0.025 $0.035 $0.047 The most optimistic target is $0.07, which would be up to a new all-time high (ATH). Note Always do your own research. This is not trading advice. The market can be unpredictable. The market can go for a time stable, it's about the year 2024 this is not short-term update.
SLong
by SatochiTrader
(BTC) bitcoinHere is a perspective that is different than a long view that is always optimistic. A lot of the time due to so much optimism in cryptocurrency for BTC to determine when the price will actually decrease is a lot more difficult. From what I can see in the image the pink dot line appears to reveal a pattern where when the line is flat certain factors in cryptocurrency occur. Whether or not those factors are necessarily happening now is really up to the viewer of the chart. This is a combination of moving averages and adding a sixth line which is a combined average of averages with a time period of 150 the sum of all the smaller lines. The chart is with vwma.
BITSTAMP:BTCUSD
by CryptocurrencyBlot
(ALGO) ALGORANDOne day can make a big difference. The lead lines have changed quite a bit for cryptocurrency based on the losses over the last 24 hours. This image is an update of the same image I posted yesterday with the new and improved lines of the indicator in orange versus the same view of the black lines a person would normally create if they were looking at the chart and trying to place the lines on the graph. The inbetween black line I drew yesterday came true and now the orange line is laying on top of the middle black line.
COINBASE:ALGOUSD
by CryptocurrencyBlot
1
BTC => ActionHello TradingView Family / Fellow Traders, As per my last analysis, BTC rejected the $70,000 - $72,000 resistance zone and is currently trading lower. What's next? Scenarios: 1️⃣ Bullish - Continuation For the bulls to maintain control, a break above the $72,000 resistance is needed. In this case, a movement towards the $80,000 resistance would be expected. 2️⃣ Bearish - Correction In parallel, if the last low marked in red is broken downward, we expect the bearish correction to start leading to a movement towards $60,000. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
2
(ETH) ethereumcustom indicator that seems to predate the price of cryptocurrency. right now the indicator line is doing nothing. will the line increase before the price does? the image also looks like its flipped horizontally. is the past now? what if the entire cycle of ethereum has already happened and we just don't know it yet? Like, what if ethereum as a computer system already knows what's going to happen so the price chart is a discovery of what is already known. *same as the previous BTC chart for reference to compare the two.
BITSTAMP:ETHUSD
by CryptocurrencyBlot
(BTC) bitcoinnot sure what I created here; the indicator line shows slope information that leads before the price increases in the future. may have something to do with the halving and reduction in BTC. the green line decreases as the price grows in the same way a previous chart prices look smaller as the price reaches higher. the only difference here is that the graph lines are happening before the price of BTC peaks, odd. ...now I have to wait to see if the indicator line changes dramatically ahead of the price of BTC...
BITSTAMP:BTCUSD
by CryptocurrencyBlot