Chart Patterns
Gold edges higher above $2,600 amid light tradingGold price (XAU/USD) attracts some buyers to around $2,625 during the early Asian session on Monday. Donald Trump’s tariffs and trade policies could trigger trade conflicts, supporting the yellow metal.
However, the outlook for fewer Federal Reserve (Fed) rate cuts in 2025 might cap the upside for Gold price. Trading volume is lighter than usual ahead of the New Year holiday.
Donald Trump's potential return to the White House might intensify global trade tensions, fueling geopolitical crises and likely lifting the Gold price. “Trade tensions, potential conflicts, and unpredictable policies under his leadership might drive investors toward gold as a safe-haven asset,” said the managing director of RiddiSiddhi Bullions Limited.
Top 5 Weekly Trade Ideas #1 - COIN Trend BreakSimilar charts for COIN and BTC as usual. Will need to see them move in unison for confirmation. Both had an uptrend break recently and came down to support to close the week. This looks bearish to me so as long as BTC falls below $93k and COIN falls below $270ish I'll be looking for shorts targeting $85k on BTC and the gap fill around $197 for COIN.
Bias will be opposite if the reverse happens, targeting the trendlines above.
#EURUSD - 30122024I did not provide the plan for Friday, though EURUSD did make a nice dip to PZ before continuing higher to first level and then pulling back. Momentum has slowed down and TBH, I am not sure of the next move.
IMO, I would want to wait for a pullback and bullish momentum for a long and a move higher from here, while shorts could work below PZ, but I would prefer to wait for the longs.
Volatility Is Back - NVIDIA Is Not Our DarlingTHESIS:
SPX lacks diversification due to mega cap dominance.
Year end looks towards projections regarding 2nd Trump term in office (tariffs price concern, Geopolitical policies, uncertain stance on Taiwan defence.)
Prolific investors are seeking opportunities elsewhere as US Mega Cap stocks overpriced (Buffet as example selling Apple and BoA shares.)
Institutional ownership at approx 65%, sell side orders outweigh buy-side, reverse repo down from 2.3 Trillion to 116 Billion on Treasury.
NVDA trend is currently downward, looking to correct value - I am looking for those key areas.
Several large gaps persist, leading to opportunities to buy later $75 a share is the target.
Housing market cycle is coming to an end, yield curve has just about normalised to upward sloping, treasury yields jumped on FED meeting Dec.
Final piece of inflation puzzle is asset prices, SPY rejection from 600 is key indication of end of bull trend, large volume flows and VIX spikes indicative of further retracement.
ACTION
Hedge US mega stock exposure using VIX derivatives whilst premium is low.
Short NVDA and other mega caps using mid dated options, plenty of Theta, ATH strikes.
Look for where the newly created liquidity from the mega caps goes to - potentially mid-caps with strong fundamentals, potentially to currently very underpriced treasuries offering strong yields.
Is market still bullish?Market is still in the Rising channel.
What are the key points for this zone?
As we have seen last week market closes above 2618-20 and unable to break the 2632-35 area.
If 2618-20 gives the confirmation of selling pressure then we have ckear path towards 2690 first.
On the other hand market will be in the up direction towards 2670 area because there liquidity gap ,whenever H4 closes above 2618-20 our eyes will be at Bulls direction,most important all the conditions applicable when market is in Rising wedge.
Additionally closing of monthly and yearly candle be safe
SPX 500 - Be patient and wait to see how it goes up.Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
Copper - Copper is making its way up. Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
Key Support and Demand Zone Near....Bounce soon????CAN WE CATCH A BOUNCE OR WILL WE BRING LOWER TO 1.66 RANGE BEFORE NEXT LEG UP?!!
My hope is we catch the bounce off 1.90 and continue up off the flag pattern. I believe this week /month shall test future moves, if we push to the downside I'm looking to reenter at 1.66-1.70. Money is in the chart guys!
Mon 30th Dec 2024 AUD/NZD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/NZD Sell. Enjoy the day all. Cheers. Jim
GBP - Sterling is so weak recently because it waits for boostingHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
Good opportunity to buy EURHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
GOLD(XAUUSD)💡The chart shows a technical analysis of GOLD on the time frame (4H). The price collected liquidity from the support area and broke the downward trend line. The price is currently forming a correction (pullback) and has the potential to continue rising. MACD Indicator: If the positive momentum continues, the price is likely to continue rising towards the R.1 resistance level or supply zone.
⛔️It is not investment advice for educational purposes only.
AAVE on the Rise: Heading to $360?All signs point to a strong upward move for AAVE, especially when compared to the Bitcoin short. It looks like AAVE is about to enter a steep positive phase. I’m positioning myself accordingly to take advantage of this potential upswing.
What do you think?
I’ll share more details soon.
Stay tuned, and I’ll catch you in the next one — peace!