Golden Horizons: Technical Precision Meets Fundamental PowerOANDA:XAUUSD - Daily
Gold’s Bullish Breakout Shines Bright!
Gold (XAU/USD) has confirmed a strong breakout from a Falling Wedge and Rounding Bottom, rebounding off the 50% Fibonacci level (2,533.75). With the next target at the 161.8% extension (3,107.09), this setup offers a potential 16.49% gain in just 77 days. Ideal for position traders seeking long-term growth and swing traders capitalising on interim moves. 🚀✨
🌟 Technical Highlights: Gold’s Bullish Setup in Focus
Gold (XAU/USD) is setting the stage for a remarkable upward journey, supported by two key bullish patterns that signal strong momentum ahead:
1. Falling Wedge
The recent breakout from a falling wedge pattern is a textbook example of a bullish continuation. This move signals the end of a consolidation phase, where sellers lose control and buyers step in decisively. The breakout is accompanied by strong momentum, confirming that the bulls are in command and driving prices higher.
2. Rounding Bottom Formation
Adding to the bullish case is a clear rounding bottom pattern, a powerful long-term reversal signal. This pattern reflects steady accumulation by buyers, often seen as the market transitions from bearish sentiment to a confident bullish trend. It provides a solid base for sustained upward movement.
After retracing to the 50% Fibonacci level (2,533.75), the price rebounded strongly, breaking out with conviction. The next key target lies at the 161.8% Fibonacci extension (3,107.09), representing a potential 16.49% gain over the next 77 days.
This setup combines technical precision with a clear path for growth, making it a compelling opportunity for traders to watch. Gold’s journey upward is gaining momentum—don’t miss the move!
🌍 Fundamental Insights: Gold’s Shining Role
Gold continues to solidify its status as the ultimate safe-haven asset, thriving on a combination of global uncertainties and supportive monetary policies. The Federal Reserve’s dovish stance, characterised by steady interest rates, has reduced the appeal of fixed-income investments, making gold a preferred alternative for investors seeking stability in a low-yield environment.
Simultaneously, persistent inflationary pressures and geopolitical tensions are driving investors toward gold as a hedge against declining purchasing power and economic instability. As crises in key regions escalate, gold’s reputation as a reliable store of value during turbulent times becomes even more pronounced. This blend of factors is propelling gold’s bullish momentum, appealing to both long-term investors and short-term traders eager to capitalise on its growing demand. Gold isn’t just performing; it’s standing out as a pillar of strength in today’s unpredictable financial landscape.
📆 Seasonal Boost: The Golden Demand Wave
Gold traditionally enjoys heightened demand in the first quarter, driven by cyclical buying patterns in key markets like India and China. In India, the wedding season and festivals fuel a surge in gold purchases, while in China, the Lunar New Year celebrations see gold as a symbol of wealth and prosperity. These cultural and seasonal factors consistently create upward pressure on prices during this period.
This seasonal demand perfectly aligns with gold’s current technical breakout and strong fundamental support. The convergence of these factors strengthens the bullish outlook, making the first quarter a historically proven and timely opportunity for traders and investors to capitalise on gold’s momentum.
🙏✨ Thank You for Reading!
Wishing you incredible success on your trading journey! 🌟 Always remember, proper risk management is the cornerstone of sustainable growth in the markets. Stay disciplined, stay confident, and let the charts guide your path.
📈💼 Good luck with your trades—may profits be ever in your favor! 🚀💰
Fibonacci
$SPY December 19, 2024AMEX:SPY December 19, 2024
15 Minutes.
The breakdown below 598 was expected to be bad. But this was brutal.
Chart completely messed up.
Needs days to align again.
There was a 30$ difference in daily between 9- and 100-day averages. Hence, I was very hesitant in going longs.
No trade day today for me.
Any retracement up to 598 is a sell.
As can be seen all bars had close near bottom. Very rare to get chart like this.
Dollar in reversal zone
Max probability reversal zone reached.
Weekly double top.
Probable end of wC of B, reached 100% target.
IF DX starts showing weakness, we are in a good Risk/Reward position for riding a possible wave 3 or C to the downside next year.
The first target for this wave 3 or C would be $100 support, then the HVN around $95, then the wave 3 or extended C targets.
BTC, correcting now into 2025It looks very likely that BTC has completed wave 5 of higher degree of trend of 1. Therefore, we'll see a chunky, sizeable correction that has the potential to go down all the way to the 50s. It may not go this low, but please be aware that it 'could' following the classic ABC pattern. Also, keep an eye on the Hurst cycles below - it has to do it quite quickly. If it does go down to 50k, then I'll be buying that up like Miss Pacman.
SHIBA TARGETS!The support level of 0.000022 could be the best time to buy Shiba.
The recent correction of Bitcoin could be a good entry opportunity for the remaining altcoins.
COINEX:SHIBUSDT Shiba is one of these coins with very high targets.
The main growth of Shiba will start with the break of 0.00004.
Don’t forget to follow and boost
Ethereum Fibonacci Retracement SetupThis ethereum setup I use is on the 15 minute chart. The signals are SMA crossovers of the 13/55. And the moving average plots are using Golden Ratio numbers to forecast near term price movements. Lastly I use a sessions indicator to show the New York & Tokyo sessions. As well as a tick value indicator to show me how much the tick value of the futures contract for Ethereum.
Crossover Signals:
Long - SMA 13 > SMA 55
Short - SMA 13 < SMA 55
Golden Ratio Plots (SMA):
111 - White
233 - Red
610 - Green
Timeframe :
15 minute
NEAR Potentioanl longso we have another potential trade tonight and it's NEAR.
the price is strongly bullish as shown in the chart an we are currently in our range between those green dots and we can go higher(potentially).
if the price wants to go higher it must and has to respect the low that I circled around it and if not I will simply break it we then get a change of character.
if we break the lower time frame structure (shown with the green line titled CHoCH) we can say the price potentially can go higher(because we have all those liquidties above that are ready to be swept and the price has a reason to go higher) and gathered enough liquidity.
this trade is very risky because it can easily go the opposite way and become bearish so bear that in mind.
I will personally open a position as soon we gt that lower time frame confirmation.
this is not financial advice and simply an analysis.
thx for reading and have a great night or day <3
Bitcoin is Ready to fill CME Gap!!!Bitcoin ( BINANCE:BTCUSDT )is approaching the Resistance zone($105,560-$104,940) , Downtrend line , and Cumulative Short Liquidation Leverage($105,654-$104,709) .
According to Elliott's wave theory , Bitcoin seems to be completing wave 4 . Probably wave 4 will end in the Resistance zone($105,560-$104,940) .
I expect Bitcoin to go towards filling the CME Gap($103,325-$101,840) AFTER breaking the Support line .
⚠️Note: US indices (Federal Funds Rate, FOMC Economic Projections, FOMC Statement) can affect the trend of Bitcoin; the possibility that the market will get excited when the indices are announced is very high.⚠️
⚠️Note: If Bitcoin breaks the Resistance zone($105,560-$104,940), we can expect Bitcoin to rise further, especially if Bitcoin touches $106,200.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NQ - rally into ATH in NovemberNQ is following Feigenbaum projection perfectly so far on the daily timeframe. After accumulation, a perfect manipulation to -0.6714 and then distribution to 3.5699. Now after a retrace to 1, it's ready to finish the move up to 4.6692 at close to 22K. Based on time fib I expect the top to be in November (between blue vertical lines).
ETHEREUM → Consolidation after a bearish trend breakBINANCE:ETHUSD is consolidating within the flat boundaries of 4085 3530. In general, there is a bullish trend, the fundamental background is also favorable except for yesterday's news, which creates a small risk...
The price is at a strong resistance between 4090 and 4100 and it will take a lot of energy to break this area. Yesterday's news was generally controversial but with a negative bias. Despite the decline in interest rates, there were strong hints of stopping the decline and taking a hawkish course. Bitcoin is giving a small correction against this backdrop, which is negative for altcoins.
Ethereum technically did not break the bullish structure, a very strong support area of 3530 - 3440 is formed on the chart and with high probability a retest is possible, a liquidity grab with the aim of further growth. There are risks for further fall, they can be taken into account, but we can consider an attempt of growth as a priority.
Resistance levels: 4086, 4100, 4372
Support levels: 3530, 3440, 3261
Since the price is inside the consolidation, our strategy is simple - trading from the channel boundaries. Accordingly, based on the current situation, we should consider a retest of support before further growth.
Regards R. Linda!
NZDUSD → The price could fall another 2.5%FX:NZDUSD is forming a return to a strong support zone after testing it after a year. Against the backdrop of a rising dollar, the chances of a support breakout are growing.
The downtrend, rising dollar, weak fundamental background for NZD play a key role in forming a bear market. The price is testing the key resistance and trying to enter the selling zone. At the moment the price is restrained by the descending channel support and if the price manages to break this line and consolidate below, strong selling may be formed further, as there are no obstacles below it until 0.562.
Resistance levels: 0.577, 0.5817
Support levels: 0.575, 0.562
I do not exclude the possibility of correction if the buyers hold the support. But there is no chance of a trend change. Another retest of the support may lead to a breakdown and further fall to 0.562
Regards R. Linda!
Unlock the Power of Gold: Proven Price Action Strategies!FXOPEN:XAUUSD @Alexgoldhunter
Price Action Analysis and Strategy
Key Elements on the Chart
Current Price: The chart shows the current price of Gold at 2,615.90 USD.
Break of Structure (BOS): Several points indicate significant price movements, suggesting potential shifts in the trend.
Fibonacci Retracement Levels:
0.382 Level: 2,607.94984 USD
0.5 Level: 2,615.87 USD
0.618 Level: 2,623.79016 USD
0.705 Level: 2,629.6296 USD
0.786 Level: 2,635.06632 USD
Volume: Shown at the bottom of the chart with varying heights, indicating trading activity levels.
Relative Strength Index (RSI): Current values are 45.59 and 32.11, suggesting neutral to slightly oversold conditions.
Moving Average Convergence Divergence (MACD): Current values are 1.83, -7.50, and -9.33, indicating bearish momentum with potential for a bullish crossover.
Buy Strategy
Entry Point:
Consider entering a buy position near the 0.382 Fibonacci level (2,607.94984 USD), especially if the price shows signs of reversal with increasing volume.
Confirmation:
Look for a bullish break of structure (BOS) and RSI moving above 50.
Target:
Aim for the 0.618 Fibonacci level (2,623.79016 USD) or higher, with potential for additional targets at the 0.705 and 0.786 levels.
Stop Loss:
Place a stop loss below the recent low or the 0.382 Fibonacci level to minimize risk.
Sell Strategy
Entry Point:
Consider entering a sell position near the 0.786 Fibonacci level (2,635.06632 USD), especially if the price shows signs of reversal with decreasing volume.
Confirmation:
Look for a bearish break of structure (BOS) and RSI moving below 50.
Target:
Aim for the 0.5 Fibonacci level (2,615.87 USD) or lower, with potential for additional targets at the 0.382 and 0.618 levels.
Stop Loss:
Place a stop loss above the recent high or the 0.786 Fibonacci level to minimize risk.
Conclusion
This analysis combines price action techniques with technical indicators to generate a buy and sell strategy for the XAU/USD pair. By using key levels, volume, RSI, and MACD, traders can make informed decisions and manage their risk effectively.
Follow @Alexgoldhunter for more strategic ideas and minds
HF Sinclair Corporation | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# HF Sinclair Corporation
- Double Formation
* Retracement 1 | Not Numbered | Trend Entry
* 55.00 USD | Neckline Adjustment | Subdivision 1
- Triple Formation
* 012345 | Wave Count Survey Completed | Subdivision 2
* Retracement 2 | Downtrend Continuation
* Retracement 3 | Daily Time Frame | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
TESLA: Fractal Metrics
Fractal Cyclicality
Cycle I
The chart displays fractal cyclicality leading up to a major breakout. It emphasizes the progression of swing percentages and cyclic patterns, potentially identifying the foundational structure for a larger trend. The use of layered channels adds depth to the analysis, showing both minor and major fractal levels.
Cycle II
The upward and downward swings in this cycle demonstrate increased volatility and amplitude compared to the initial cycle. This suggests a stronger market reaction and more pronounced trends within the fractal structure.
The price action aligns closely with the channel boundaries, indicating the preservation of the fractal framework while showcasing expansion within the structure.
The swings are visually more aggressive, with higher peaks and deeper corrections, highlighting the market's larger movements leading up to the breakout.
The cyclical patterns and overlapping fractal waves are more intricate, suggesting a maturing market phase with more participants and liquidity.
Cycle III
All three cycles exhibit a fractal nature with nested waves, maintaining consistency in cyclic progression through identifiable peaks and troughs.
The price movement continues to respect the broader channel boundaries, reinforcing the fractal geometry's framework.
Similar to the first two cycles, the third cycle shows distinct swings with well-defined percentage movements, suggesting a rhythmic market behavior.
Like the earlier cycles, the third cycle builds on the previous fractal structure, with larger amplitudes and deeper corrections, indicating scaling behavior.
Phi remain prominent and rooted across all cycles, suggesting persistent harmonic proportions.
Evolutionary Growth in the Third Cycle
The swings in the third cycle appear to be significantly larger than those in the first two, reflecting an increase in market volatility and participation.
The third cycle seems to be emerging over a more extended period, indicating maturation in the fractal evolution.
The deeper corrections, such as the -75.44% retracement, highlight stronger mean reversion tendencies before significant expansions.
CVC/USD Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# CVC/USD Stock Quote
- Double Formation
* 0.24100 USD | Trend Survey Entry | Subdivision 1
* Retracement 1 | Ranging Area
- Triple Formation
* Pattern | Confirmation At 0.17550 USD | Subdivision 2
* Retracement 2 | Area Conductive | Hypothesis
* 012345 | Wave Count Valid | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
NQ Power Range Report with FIB Ext - 12/19/2024 SessionCME_MINI:NQH2025
- PR High: 21546.50
- PR Low: 21453.75
- NZ Spread: 207.0
Key scheduled economic events:
08:30 | Initial Jobless Claims
GDP
Philadelphia Fed Manufacturing Index
10:00 | Existing Home Sales
FOMC driven 960+ point value decline
- Return to daily Keltner avg cloud
- Auctioning between pivots from Nov 11 & Nov 25
Session Open Stats (As of 12:45 AM 12/19)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 338.33
- Volume: 50K
- Open Int: 226K
- Trend Grade: Bull
- From BA ATH: -4.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
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
Bullish Market structure Rules *A bullish market structure is defined as a structure that forms a series of Higher highs (HH) and Higher lows (HL)
What can we expect on a Bullish market structure?
*Price has to break previous HH and respect previous HL
*We should be expecting BUYS on discounted prices
How can i identify discounted prices?
-You can use Gann box
-You can use Fib Tool
-Anything below 50% is considered "Discounted price"
-Order block below 50% level
I personally use the FIB tool 71.8%-78.8% levels. that's where i look for trend change.
How do you identify valid trend change?
* Reply in comment sections
The illustration highlights the recent BTC market structure.
Possible scenario for POL for next few monthsHello, looks like we are in a big challenge aren't we?
Not only BINANCE:POLUSDT but also almost every cryptos are dropping hard due to news of the U.S. interest rate cut adjustments.
In last post, I mentioned two possible scenarios, rally or adjustment, and we are in adjustment unfortunately. However, don't jump into conclusion that cryptos are doomed and there will be only a apocalypse. It's too early to say that.
Today, I wanna share my point of view of future scenarios of POL. And I tell you my conclusion first: LONG 📈. Here's the reasons.
=======================================
1) Now the price almost touched 60 days moving average line, and 4 Hours Chart RSI is also in oversell area. This can be as a possible support for a short period.
2) Also, the price is almost near of 0.618 level of Fib. retracement($0.45). In addtion, there were a lot of trading volume in the past, which means also there will be a support. I believe that price will not go down easily through this level.
3) If we consider past 30 days of rally as an eliot impulse wave, I think we are in ABC correction phase. And after that, we can think another rally again.
4) If we look into a chart with weekly period, I think this kind of view is also not quite impossible... but it's just my hope for now.
=======================================
Hope my vision will come true in the future. Don't be so disappointed, fellows! Our life and journey are "long", and so is our chart.
DOGE FIBDogecoin cannot sustain the daily close above .36 so next level on the fib is .32 which is a crucial point of support. Still floating under the trendline on the RSI. MACD starting to trend under which means potential bearish signals. Keeping eye on this, and waiting to see what happens with community and team.