Get started

Analysis

Gold can little correct and then grow to 2720 resistance levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some time traded near the resistance level in the seller zone, and later price rebounded and started to grow. In a short time price rose to 2790 points and then turned around and started to decline inside the downward triangle. In this pattern, the price first broke the 2720 level and then declined to the support level, which coincided with the buyer zone, after which broke this level too. Next, Gold declined to support line of the triangle, after which at once made impulse up, breaking the 2625 level one more time. Then it made a retest and continued to grow to the resistance line of the triangle, and when Gold reached this line it at once dropped to the 2625 support level. Price some time traded near this level, after which fell to the buyer zone and then started to grow. In a short time, the price rose to a resistance level, exiting from the triangle, but recently it turned around and made correction. So, now, I think that Gold can decline to support line of the triangle and then rebound up to the 2720 resistance level. That's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
2
GOLD - Price can correct and then continue to grow in channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price bounced from $2710 resistance level and in a short time declined to $2536 points, breaking $2615 level. Price started to grow inside a rising channel, where it soon broke $2615 level one more time and rose to resistance area. But then, price corrected to support level, after which some time traded near it and then continued to grow. In a short time, Gold rose to resistance level and then entered to resistance area, but later bounced down. Thereby price makes a fake breakout of $2710 level, so, now I think that XAU can decline a little more. After this, price can turn around and then rise to $2760, breaking resistance level inside a rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
4
Fundamental Market Analysis for December 13, 2024 USDJPYFading hopes of a Bank of Japan rate hike in December are putting the JPY bulls on the defensive. Higher U.S. bond yields are supporting the dollar and putting pressure on the low-yielding yen. The Japanese yen (JPY) continues to defend against its U.S. counterpart, lifting the USD/JPY pair closer to 153.000 or a new monthly peak during the Asian session on Friday. Recent media reports suggest that the Bank of Japan (BoJ) will not raise interest rates at its upcoming meeting next week, which in turn continues to undermine the Yen. In addition, expectations that the Federal Reserve (Fed) will be less dovish continue to support rising US Treasury yields and put further pressure on the low-yielding yen. Meanwhile, the Bank of Japan's quarterly Tankan survey released today showed that business confidence of Japan's major manufacturers improved slightly in the fourth quarter of 2024. This fits well with the central bank's plans to gradually raise interest rates and could deter yen bears from aggressive bets. In addition, lingering geopolitical risks and concerns over US President-elect Donald Trump's tariff plans should help limit losses for the safe-haven yen ahead of next week's key central bank events - the Fed and Bank of Japan meetings. Trading recommendation: Watch the level of 153.000, trading mainly with Buy orders.
Long
by Fresh-Forexcast2004
GBPJPY BUYS TO 194.600?Trading Plan for GBP BASELINE 🎯 Current short term sentiment bias and upcoming risk events (previous # & consensus expectations) that can impact said sentiment Current Short-Term Sentiment Bias : - The British pound is trading around $1.276, near a one-month high, driven by expectations of a cautious BoE. - Investors are focused on upcoming UK economic data, particularly GDP and manufacturing production for October, which are expected to show modest growth. Upcoming Risk Events : - GDP (MoM) (Oct): Consensus 0.1%, Previous -0.1% - GDP (YoY) (Oct): Consensus 1.6%, Previous 1.0% - Industrial Production (YoY) (Oct): Consensus 0.2%, Previous -1.8% - Industrial Production (MoM) (Oct): Consensus 0.3%, Previous -0.5% - Manufacturing Production (MoM) (Oct): Consensus 0.2%, Previous -1.0% - Manufacturing Production (YoY) (Oct): Consensus 0.9%, Previous -0.7% - Monthly GDP 3M/3M Change (Oct): Consensus 0.2%, Previous 0.1% SURPRISE ⚡ What outcome of the risk event will surprise the markets based on the baseline Positive Data Surprise : - Outcome: If the data beats expectations across the board, it will likely reinforce market expectations of no rate cuts next week. - Market Reaction: Continued pound strength. - Trade Pair: GBP/JPY - The yield spread between UK and Japan bonds suggests potential upside for this pair. Negative Data Surprise : - Outcome: If the data misses expectations, the pound could weaken as investors speculate on a more dovish BoE outlook. - Market Reaction: Pound weakness. - Trade Pair: GBP/NZD - The yield spread between UK and New Zealand bonds favors a downside move in this pair. BIGGER PICTURE 🌐 Does this outcome changes the larger macro-fundamental bias Macro-Fundamental Bias: - Current Expectation: The BoE is expected to hold interest rates steady at 4.75% at its next meeting on December 19. - Future Outlook: Governor Andrew Bailey has hinted at gradual rate cuts starting in 2025, with markets pricing in three 25-basis-point cuts by the end of next year. - Implications: A positive data surprise would support the current expectation of no immediate rate cuts, while a negative surprise could lead to speculation about a more dovish stance from the BoE.
by Midas_Macro
Gold Trading Idea: Is a New ATH on the HorizonGold prices took a breather on Thursday, snapping a four-day rally and dropping over 1%. This pullback comes amid mixed US economic data, with softer-than-expected job reports and higher producer prices creating uncertainty. Profit-taking ahead of next week’s Federal Reserve meeting further pressured prices, with XAU/USD currently trading around $2,684. Fundamental Insight Despite the recent dip, Gold remains a safe haven asset in the face of geopolitical tensions and central banks’ dovish monetary stance. The European Central Bank’s third consecutive rate cut and expectations of the Federal Reserve reducing rates by 25 basis points next week could set the stage for renewed upside momentum. As we edge closer to year-end, political tensions and easing monetary policies globally could fuel Gold’s potential to challenge new all-time highs. Technical Outlook On the charts, Gold respected the $2,720 key level, forming a double-top pattern reminiscent of a "batman face." Key levels to watch are: Resistance: $2,720 Support: $2,689 and $2,610 A break above $2,720 could signal a bullish continuation, while a dip to $2,610 may offer a strong buying opportunity for long-term traders. Stay tuned for more trading insights and strategies!
TVC:GOLD
by InwardTrader
1
Sell EUR/USD Channel BrekoutThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0482 2nd Support – 1.0445 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
32
HolderStat | BTC at a crossroads🌍 Bitcoin holds steady at $101,500, reflecting a market in flux. While Microsoft passed on BTC reserves, nations and corporations are exploring Bitcoin reserves, highlighting its financial relevance. 📉 Spot BTC ETF inflows have slowed since November, hinting at cautious sentiment. Broader crypto ETFs and U.S. policy shifts could ignite new institutional interest. 💡 Bitcoin dominance dipped, and while altcoins remain in the wings, a shift feels near. Wallets activity shows balance, with buys at $97,740 and sells near $98,510—traders remain divided. 🔥 With $1.5 billion in long liquidations and neutral funding rates, the market stands at a pivotal moment. Is this the calm before the next bull storm? _____________________ 📊 Want more useful analytics? Like and subscribe to stay up to date with the most relevant trading ideas! Always DYOR! 🔬
BITSTAMP:BTCUSD
by HolderStat
1
Will the better-than-expected employment data revert AUD's trend+ Macro theme: The RBA kept rates at 4.35%, sounding more optimistic about inflation and hinting at future cuts. But Thu's job numbers might spoil those plans—Unemployment Rate dropped to 3.9%, showing a surprisingly strong labor market. This hot jobs data could push back those early 2025 rate-cut forecasts many have been making. + Technical theme: - AUDUSD found support and bounced above 0.6365. The price is within the descending channel and below both EMAs, indicating a bearish momentum persists. - If AUDUSD extends its decline below 0.6365, the price may retest the subsequent support at 0.6300, confluence with the 100% level of Fibonacci Extension. - On the contrary, if AUDUSD surges above 0.6474, breaking its descending channel and EMA21, the price may retest the following resistance around 0.6560. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
by DatTong
XAUUSD BULLISH ANALYSIS (READ CAPTOIN)Hi taders! Share your opinion regarding this chart. Current price: 2695 Currently gold is being supported by buyers as all d1 candle of this week have created bullish candles. After temporary retracement market has returned to it's bullish trend. Rejection of h4 candle is another indicator of a strong bullish market. If gold breakouts the price 2711 which is our demand zone then market will go further high up to 2732. Key points: Support zone : 2690-2680 Resistance zone 2710-2722 Please like comment thank you support
TVC:GOLDLong
by LindaFxTrading
1
AUDUSD ShortAUD/USD remains in a bearish trend, with recent price action aligning with technical and fundamental signals. Traders are watching US PPI data today for potential market-moving insights. Technical Setup Using Smart Money Concepts (SMC) and Fibonacci retracement, the 0.71–0.79 Fibonacci zone stands out as a key resistance level, supported by a Fair Value Gap (FVG) from the last swing high. Price is testing the 50% Fibonacci level, creating an opportunity for a short trade. Trade Plan Entry: 0.7120 (near the 0.75 Fibonacci level). Stop Loss: 0.64729 (above the 0.79 Fibonacci level for risk protection). Take Profit: 0.63378 (targeting below the Fair Value Gap for a clean exit). Risk/Reward Insights This setup offers a Risk/Reward Ratio of 1:3, with a risk of 64.7 pips to potentially gain 192.1 pips. Disclaimer Trading involves significant risk. Always trade with a clear plan, implement stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—trade responsibly and stay informed. Follow for more actionable trading insights and strategies!
Short
by InwardTrader
AUDUSD ShortAUD/USD remains in a bearish trend, with recent price action aligning with technical and fundamental signals. Traders are watching US PPI data today for potential market-moving insights. Technical Setup Using Smart Money Concepts (SMC) and Fibonacci retracement, the 0.71–0.79 Fibonacci zone stands out as a key resistance level, supported by a Fair Value Gap (FVG) from the last swing high. Price is testing the 50% Fibonacci level, creating an opportunity for a short trade. Trade Plan Entry: 0.7120 (near the 0.75 Fibonacci level). Stop Loss: 0.64729 (above the 0.79 Fibonacci level for risk protection). Take Profit: 0.63378 (targeting below the Fair Value Gap for a clean exit). Risk/Reward Insights This setup offers a Risk/Reward Ratio of 1:3, with a risk of 64.7 pips to potentially gain 192.1 pips. Disclaimer Trading involves significant risk. Always trade with a clear plan, implement stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—trade responsibly and stay informed. Follow for more actionable trading insights and strategies!
Short
by InwardTrader
XRP/USDT 4-Hour AnalysisXRP/USDT 4-Hour Analysis On the 4-hour time frame, XRP/USDT is forming a small bullish pennant pattern. Using the height of the previous leg as a projection, the first target is in the green zone 1. To change the current structure of lower lows (LL) and lower highs (LH), the price needs to form a new higher high (HH). This also requires breaking through the pink resistance zone, which is a critical level to watch. Targets: First target (green zone 1): $2.87 Second target (green zone 2): $3.35 It’s essential to monitor the breakout of the resistance zone and confirm bullish momentum to reach these levels.
by rebenga93
1
Fundamental Market Analysis for December 11, 2024 EURUSDEUR/USD lost around 0.2% on Tuesday, declining for the third consecutive day and hitting 1.0500 again, as the euro's bullish near-term recovery comes to naught. Ahead of the key U.S. Consumer Price Index (CPI) inflation figure due for release on Wednesday and the European Central Bank's (ECB) next meeting on Thursday, traders once again adopted a cautious stance. Wednesday's CPI inflation index will be one of the last key data points before the Federal Reserve's (Fed) last meeting in 2024. Signs that inflation progress has stalled could kill hopes for a third consecutive rate cut on December 18. With the current rate cut on Wednesday, U.S. CPI inflation for November is expected to rise slightly to 2.7% y/y from the previous reading of 2.6%, while core annual CPI is expected to remain at 3.3%. Traders estimate the probability of the last quarter-point rate cut this year at 85%. The ECB's latest rate meeting is scheduled for Thursday, and investors are widely expected to get another quarter-point rate cut. The ECB's main refinancing operations rate is forecast to be cut to 3.15% from 3.4% and the ECB deposit rate is forecast to fall to 3.0% from 3.25%. Trade recommendation: Watching the level of 1.0480, trading mainly with Sell orders
Short
by Fresh-Forexcast2004
US CPI, WHERE WILL THE DOLLAR GO NEXTTrading Plan BASELINE C urrent Short-Term Sentiment Bias : - The market is currently focused on the upcoming US inflation report and its implications for Federal Reserve policy. - There is an 86% probability priced in for a 25-basis-point rate cut by the Fed later this month⁵. - The dollar index is steady around 106.3, reflecting cautious sentiment ahead of the inflation data. SURPRISE Outcome That Will Surprise the Markets Based on the Baseline: - Lower-than-expected inflation data : This would likely lead to USD selling as markets fully price in the anticipated rate cut. A good trade in this scenario would be GBP/USD longs, leveraging the pound's net long positions and the USD's net short positions. - Higher-than-expected inflation data : This would likely result in USD strength as investors adjust their rate cut expectations. A good trade in this scenario would be EUR/USD sells, based on stronger USD institutional positioning compared to the EUR. BIGGER PICTURE Does This Outcome Change the Larger Macro-Fundamental Bias? - Lower-than-expected inflation : Reinforces the expectation of continued easing by the Fed, aligning with the current macro-fundamental bias of a dovish Fed aiming to support economic growth and achieve its 2% inflation target. - Higher-than-expected inflation : Could shift the macro-fundamental bias towards a more cautious Fed, potentially delaying further rate cuts and maintaining a tighter monetary policy stance to combat persistent inflation⁷⁸. Notes - Macro-fundamental bias: The market expects the Fed to continue easing monetary policy to support economic growth and achieve its inflation target. This expectation is based on the Fed's dual mandate and recent economic indicators. - Short-term sentiment bias: The market is currently focused on the upcoming US inflation report and its potential impact on Fed policy, as well as interest rate decision.
TVC:DXY
by Midas_Macro
2
(1D) MICROSOFT ANALYSIS (MSFT)Inspired by today's failed Bitcoin shareholders' vote, I've put up my prognosis for Microsoft MSFT for the next few months. MSFT is down almost 1.5% on the day, rejecting at the 78.8% retracement of the down move from the ATH. There are a couple possible scenarios going forward. Bullish case is that MSFT started a Bull Flag Correction (waves labeled in blue) with the pivot from the ATH in July. If so, we are completing Wave B of this flag (internal waves labelled in purple) , which may have completed already with this 78.6% rejection. However, we could still see it complete a 100% retracement instead and terminate as a Double Top, retesting and getting rejected at the ATH. This would signal the start of Wave C. We could expect this final wave to have a similar size to Wave A, giving us a short-term 17% Short play from the ATH before ultimately continuing the larger upside trend. Bearish case would be that Wave B described above (labelled in purple) is instead actually a Bear Flag for downside. This would have to be confirmed with a break below the $385 Support Range. **This analysis would be invalidated if we do indeed get a breakout above the current ATH, factoring in for some % overshoot (aka fake breakout).
NASDAQ:MSFT
by PHICAPITALINVESTMENTS
Boeing Seller Exhaustion sets in🐂 Trade Idea: Long - BA 🔥 Account Risk: 15.00% 📈 Recommended Product: Stock 🔍 Entry: +/- 149.00 🐿 DCA: No 😫 Stop-Loss: 135.00 🎯 Take-Profit #1: 260.00 (50%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — BA sees massive seller exhaustion over the last few weeks. There is nothing negative that could be published now that has not already been priced in. Trump's policy of higher tariffs should protect Boeing and the backlog is already at over 10 years of current sales. In view of the duopoly and the points mentioned above, as well as the technical chart picture, strong buying should be made here. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NYSE:BALong
by LGNDRY-Capital