Signals
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
GALAUSD This pull-back is a great buy opportunity.Gala (GALAUSD) gave us an excellent buy signal on our previous call (August 23, see chart below) as after some consolidation, it rebounded aggressively to its 0.786 Fibonacci and hit our 0.0600 Target:
This week's pull-back may be aggressive but so far is only a technical correction towards the 1D MA50 (blue trend-line). Its recent Golden Cross with the 1D MA200 (orange trend-line) on November 30, is the first such formation in 1 whole year (last one on December 05 2023).
As you can see, the two fractals are not identical but share certain symmetric similarities (also on CCI terms), so it is possible for this pull-back to reach as low as the 0.5 Fibonacci retracement level and then rebound.
Even though the March 10 2024 High was priced on the 1.786 Fibonacci extension, our next Target should be within the 1-year Channel Up (until broken), so we will be aiming for 0.11500.
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APPLE targeting $265 at the top of the Channel UpApple (AAPL) has been trading within a Channel Up pattern since the January 03 2023 bottom. At the moment the price is on the pattern's second long-term Bullish Leg, supported by the 1D MA50 (blue trend-line).
As long as this line holds, we expect the Bullish Leg to complete a +20.82% rise (similar to December 14 2023) from the U.S. elections low and target $265.00. The fractals are quite similar as the 1W MACD is forming now a Bullish Cross, in indentical fashion as November 20 2023.
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Lingrid | GOLD double TOP At The RESISTANCE zoneOANDA:XAUUSD has bounced perfectly off the resistance zone that I highlighted yesterday. The market formed a pinbar pattern on the 4H timeframe, indicating rejection at this level. Additionally, there was a false breakout of the previous resistance zone at 2666.350. On the 1H timeframe, we can see a double top pattern, which further signals a potential reversal. I believe the market may move sideways just below this resistance before making a downward move, especially since there are no high-impact news events scheduled for today and price pulled back into consolidation zone. I expect the price to retest the support level and the downward trendline. My goal is support zone around 2650
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | EURNZD short after FAKE BreakoutThe price perfectly fulfilled my last idea. It hit the target level. FX:EURNZD experienced a sharp decline from the resistance zone at 1.81500 and subsequently pulled back to retest this level. The price made a significant move from this area, and I believe it may decline again, as it is currently testing last week's high. I expect the market could form a false breakout and then making downward move toward the channel border . My goal is support zone around 1.80400
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
US100 Will Go Up From Support! Buy!
Take a look at our analysis for US100.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 21,420.2.
The above observations make me that the market will inevitably achieve 22,305.1 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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SILVER Will Go Lower! Short!
Please, check our technical outlook for SILVER.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 31.898.
Taking into consideration the structure & trend analysis, I believe that the market will reach 31.450 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPCAD Will Move Lower! Short!
Take a look at our analysis for GBPCAD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.807.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.791 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Is Bitcoin Losing Momentum? Correction to 85K LikelyYesterday, Bitcoin experienced another drop, falling from above 100K and reaching a low of just over 94K, briefly touching the ascending trendline that dates back to the time of Trump’s election.
While the price action since November 5 has been characterized by higher highs and higher lows—usually a sign of bullish momentum—the broader structure appears to signal a potential reversal. This pattern suggests that Bitcoin is struggling to sustain its highs, raising doubts about its ability to maintain upward momentum, at least for now.
Although a new all-time high remains a possibility, I believe it is unlikely that Bitcoin will hold gains above 100K for an extended period. Instead, the more probable scenario involves a correction toward the 85K level.
A critical area to monitor lies between 92,500 and 93,000. A decisive break below this support zone would confirm my bearish outlook and could signal the beginning of a deeper correction.
GOLD--> Consolidation. Waiting for new move to change trend.OANDA:XAUUSD mild fluctuations on Friday and a second consecutive weekly decline were recorded. Accordingly, the precious metal lost approximately 0.5% this week, after hitting its lowest level since November 26 at the start of the trading session.
So, do you wonder what factors have impacted XAUUSD?
Talking About Influencing Factors:
The sentiment among short-term traders and technical positioning in the gold market has clearly cooled, with efforts underway to find momentum to improve sentiment in the short term.
Throughout the day, gold showed little reaction to the much-anticipated employment data of the week. The latest report revealed that although job growth remains relatively stable, cracks in the U.S. labor market have begun to emerge, suggesting potential vulnerabilities.
Regarding U.S. monetary policy, midweek, Fed Chair Jerome Powell noted that the U.S. economy is stronger than it was in September and adopted a more cautious stance regarding rate cuts. According to the CME Group's FedWatch Tool, with two rate cuts already this year, traders predict a 68% probability that the Fed will cut rates by another 25 basis points at its December 17–18 meeting. Theoretically, it remains unclear whether gold can sustain an uptrend as prices approach a strong resistance level.
Talking About Technicals:
Gold is currently in a sideways trend, so we are considering trading within the range's boundaries. Our focus is on the local channel from H1 2660 - 2615. At this point, gold is heading toward the upper zone of interest. A false breakout of the main resistance zone and price consolidation in the selling area may lead to a price decline toward the lower boundary of the sideways range.
Assess, share your thoughts and questions, and let’s discuss what’s happening with OANDA:XAUUSD :))
GOLD increased in the short term, approaching an important levelOn the Asian market, OANDA:XAUUSD Spot delivery suddenly increased sharply in the short term. Gold price is once again close to the edge of the price channel, a relatively "dangerous" position for technical bearish expectations. Currently the increase is about 7 USD during the day and gold is trading at 2,667 USD/oz as of the time this article was completed.
OANDA:XAUUSD spiked on Monday, mainly due to the People's Bank of China resuming gold purchases after a six-month pause and significantly increasing market expectations that the Federal Reserve will cut interest rates next week , further promoting optimism.
Heavy central bank buying has been one of the main drivers pushing gold prices to new highs this year, along with monetary policy easing and geopolitical tensions.
CME Group's "FedWatch Tool" shows an 87% chance the Fed will cut interest rates by 25 basis points next week, up from just under 70% last week.
Zero-coupon gold performs strongly in low interest rate environments and often attracts investors during times of political and economic uncertainty.
Analysis of technical prospects for OANDA:XAUUSD
The current position of the technical price of gold in general has not broken the bearish outlook with the price channel still holding strong, however, gold also has initial conditions for the possibility of price increase.
With EMA21 now the closest support having been broken above yesterday's trading session. Meanwhile, the RSI Relative Strength Index is also trying to move above the 50 level. The fact that the RSI can maintain operations above the 50 level is considered a positive signal for the bullish outlook.
During the day, the technical outlook for gold prices is still quite neutral as it is not completely tilted towards a specific trend, with the price channel still being the current main trend. In case the price channel is broken on gold there is a slight upward trend with the target then around 2,693 USD the price point of the 0.382% Fibonacci retracement, more than the original price of 2,700 USD.
Along with the above analysis, notable points will be listed as follows.
Support: 2,663 – 2,644 – 2,634USD
Resistance: 2,676 – 2,693 – 2,700USD
SELL XAUUSD PRICE 2686 - 2684⚡️
↠↠ Stoploss 2690
→Take Profit 1 2679
↨
→Take Profit 2 2674
BUY XAUUSD PRICE 2644 - 2646⚡️
↠↠ Stoploss 2640
→Take Profit 1 2651
↨
→Take Profit 2 2656
PIXEL 1D. Smart Money is Flowing In. 12/10/24The market is in correction. There's no point in overexplaining. The project is interesting and promising, with significant capital inflows. This asset is worth considering for personal investments.
You can start buying right now. Additional purchases can be made manually if the correction continues, but even from the current levels, there’s potential for solid profit. Keep that in mind.
DYOR.
PORTAL 1D. 3 Simple Orders to Catch the Portal Wave. 12/10/24Portal (PORTAL) is revolutionizing the gaming landscape by creating a Web3 distribution platform that bridges the gap between games and gamers across multiple blockchain networks. This innovative platform features Portal Pay, a cross-chain liquidity layer that enables users to pay with any tokens while allowing merchants to receive their preferred tokens. All fees generated by Portal Pay are used to purchase PORTAL, seamlessly integrating economic incentives into the ecosystem.
The project is promising, and the current correction provides an excellent investment opportunity. Consider using three limit orders to buy: $0.4200, $0.3600, $0.3000.
Targets:
$0.8272
$1.5517
$2.1411
What you decide to do, however, is entirely up to you.
DYOR.
TON 1D. Perfect Market Correction: Time to Buy? 12/11/24The market is correcting perfectly! We've reached a high-volume level, offering excellent opportunities to search for entry points.
Entry Point (EP): $5.7 - $4.7
Take Profit (TP): $7.2 - $8.2
However, I think it’s unlikely to drop below $5! So, consider allocating 0.5% from the current levels and gradually adding if needed. Spot only!
DYOR.
NASDAQ consolidation until the CPI.Nasdaq (NDX) hit our 21650 Target that we set exactly 2 weeks ago (November 25, see chart below) and is now entering a consolidation phase (orange Rectangle):
As long as the 4H MA50 holds, the uptrend will stay intact within this 3-month Channel Up. We believe that this consolidation is similar to the September 13 - 19 price action, which also started after a +6.80% rise and with the support of the 4H MA50, it resumed the rally and peaked on the 1.5 Fibonacci extension.
As a result, we expect Nasdaq to stay ranged until Wednesday's U.S. CPI report and following that to resume the uptrend, targeting 22300 (just below the 1.5 Fib).
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Alikze »» SUSHI | Reverse head and shoulders pattern🔍 Technical analysis: Reverse Head and Shoulders Pattern - Reversal Motivational Wave
- According to the analysis presented before , after filling the FVG gap, wave 3 continued up to the 0.47 range of the 100 Fibo zone.
- After creating demand in the range of 100 Fibo, it has encountered a motivational wave.
- It is currently in an uptrend, which has faced a temporary correction after breaking the supply zone.
Due to the upward trend, it can encounter the bottom of the channel and meet the demand again and continue its upward trend until the next supply area.
- This upward trend can continue in the range of 1.56.
💎 Therefore, by breaking the supply area (red box) and after pulling back to it, it can continue its ascent to the next supply area.
⚠️ Note: In addition, if this modification touches the "Invalidation LVL" area, the ascending scenario will be invalidated. ⚠️
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BINANCE:SUSHIUSDT
Gold Analysis - December 2024Gold maintains its bullish momentum, trading above $2,660 per ounce due to optimism surrounding new economic stimulus from China and a weakening US Dollar, which enhance the appeal of the precious metal. During American trading hours, spot gold reached an intraday high of $2,667.31, reflecting sustained demand after the People’s Bank of China (PBoC) resumed gold purchases following a six-month hiatus. This aligns with a macroeconomic context that favors safe-haven assets. News of Chinese stimulus has improved sentiment for gold, with China, being a significant consumer and investor, showing clear support for prices through central bank purchases. Meanwhile, the US Dollar is weakening ahead of key central bank announcements and economic data releases, making gold more attractive to investors holding other currencies. Attention is focused on the US Consumer Price Index (CPI) data due on Wednesday, which could influence expectations for the Federal Reserve's monetary policy. A higher-than-expected CPI could pressure gold, while weaker data may further support its bullish trend. Decisions from various central banks, including the Federal Reserve, ECB, and BoE, may shape market sentiment, with dovish signals potentially further boosting gold. Wall Street opened lower, with major indices in the red, while government bond yields ticked slightly higher, creating a mixed environment that supports safe-haven flows into gold.