Support and Resistance
After the Fed’s Rate Cut: Gold’s Price Action and What’s NextYesterday was another wildly volatile day for OANDA:XAUUSD , with prices dropping approximately 600 pips following the Fed's rate cut.
After breaking below the 2645-2650 confluence support on Tuesday, the market entered a day of consolidation with a tight trading range.
However, the calm didn’t last long...
Yesterday's sharp decline took prices below the 2610-2615 technical support zone and even breached the critical 2600 level.
Overnight, Gold rebounded back above 2600, but in my opinion, this recovery is likely a normal retracement and does not signal a bottom for the yellow metal.
For bears, the sell zone begins at 2620 and extends slightly past 2630, accounting for the heightened volatility. This area presents an opportunity to look for short entries. The initial target for this move would be yesterday's low, but I wouldn’t be surprised to see Gold drop further toward the 2525 key support level in the near future.
As long as prices remain below the 2650-2660 resistance range, the outlook for XauUsd stays firmly bearish .
Gold Drops $65 as Bearish Momentum Dominates Post-Fed DecisionGold Technical Analysis
Gold prices dropped approximately $65 yesterday following the Federal Reserve's rate decision. The market continues to exhibit bearish momentum as long as it trades below 2623 and 2612, targeting 2585. A break below 2585, confirmed by a 1-hour or 4-hour candle close, could push the price further down to 2558.
The gold market is expected to remain volatile, with the upcoming GDP report playing a crucial role:
If GDP comes in below the expected 2.8%, this could support a bullish move.
If GDP exceeds 2.8%, this could reinforce the bearish trend.
Key Levels
Pivot Point: 2612
Resistance Levels: 2623, 2638, 2653
Support Levels: 2585, 2572, 2558
Trend Outlook
Bearish below 2623 and 2612
Bullish above 2623
FTSE - recovery jump after strong sell offHi guys, we are looking into the FTSE 100 ,currently it is sitting in a very oversold area on 1H and 4H time frames, so I am analysing a short term up-beta momentum.
Entry : 8,109
Target : 8,232
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Dow Plummets 1,100 Points Amid Fed’s Hawkish GuidanceMarket Reacts to Limited Rate Cut Projections and Elevated Economic Uncertainty
Dow Drops 1,100 Points in Turbulent Session After Fed Announcement
Investors rushed to reduce exposure to risk assets on Wednesday after Federal Reserve Chair Jay Powell signaled a shift in the central bank's outlook for 2025.
The Dow Jones Industrial Average plunged over 1,100 points following the Fed’s anticipated 25-basis-point interest rate cut and its updated forward guidance. While the rate cut was expected, the announcement that only two cuts are projected for 2024 rattled investors. Powell’s message marked the end of an extended period of monetary easing, further weighing on market sentiment.
This marked the Dow’s tenth consecutive losing session, a streak not seen since 1974, when the index endured eleven straight losses.
Technical Analysis
The Dow's price dropped more than 4.5% ahead of Powell's speech, maintaining a bearish momentum. Stability below the pivot point of 42,590 suggests further downside potential, while a close above this level could indicate a reversal.
Today, the U.S. GDP release will be a key driver of market movement:
If the GDP comes in below 2.8%, it may support a bullish move toward 42,770 and possibly 42,900.
If the GDP exceeds 2.8%, bearish momentum could drive the index toward 42,380 or even as low as 41,120.
Key Levels
Pivot Point: 42,590
Resistance Levels: 42,770, 42,900, 43,190
Support Levels: 42,380, 42,150, 41,970
Trend Outlook
Bullish Momentum: If the price stabilizes above 42,590.
Bearish Momentum: Likely to persist with stability below 42,590.
GBP/USD Analysis:Hello Dear Traders,
Take a look at the weekly chart; a clear bullish channel is evident here. We tend to long the pair in this situation, given that we are around the bottom of the bullish channel. However, I don't trade based on the weekly channel.
On the daily chart, we see a bearish trend line and a gap towards the bottom of the channel. Breaking above the trend line on the daily chart would indicate more bullish movements in the future.
However, examining the 2-hour chart, it appears that there might be a reversal following a strong bearish candle. This candle was formed due to the FOMC voting, and I believe there may be some sell orders left from that. Therefore, I predict more bearish movements on the 2-hour chart during the reversal.
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
EURUSD: Any reversal is a chance to short again!Hello Traders,
First take a look at Daily chart.
www.tradingview.com
The long-term bullish channel of the Euro has broken. After the USA election, another, less reliable, bearish channel has formed and is valid. I predict a reversal to the zone, which coincides with a strong bearish move and a significant broken level.
Regards, Ali
Futures Steady After Wall Street Slump on Fed Rate Cut OutlookFutures Steady After Wall Street Declines on Fed's View of Fewer Rate Cuts
U.S. stock index futures edged higher on Thursday as investors assessed the Federal Reserve's revised projections, which include fewer-than-expected interest rate cuts and elevated inflation expectations for next year. These updates caused a significant sell-off on Wall Street the day before.
On Wednesday, the Fed announced its forecast of only two 25 basis point (bps) rate cuts in 2024, halving its previous projection from September. The central bank also raised inflation expectations for the early months of the incoming administration. These adjustments triggered the steepest daily declines in the three major U.S. stock indices since August.
S&P 500 Technical Analysis
The S&P 500 experienced a sharp decline of more than 3.5% due to the Federal Reserve's decision to reduce interest rates by only 25 bps. This decision created uncertainty and weighed heavily on investor sentiment.
Today, the U.S. GDP report is a key event that could significantly impact the market. The GDP growth rate is projected to decline by 2.8% compared to the previous period.
If the GDP data comes in below 2.8%, the market may turn bullish, potentially reaching 5971.
If the GDP data exceeds 2.8%, the bearish trend could continue, with the S&P 500 targeting levels of 5885 and 5863.
Key Levels
Pivot Point: 5932
Resistance Levels: 5971, 5988, 6020
Support Levels: 5885, 5863, 5837
Trend Outlook
Downward Trend: Likely to persist if the price remains below 5932.
Upward Trend: Potential recovery if the price breaks above 5932.
AVAX Short entryhello to everyone.
in this analysis the AVAX after changing character and becoming bearish completed its pullback phase and came and swept all the liquidity marked with the dollar sign.
this a very good confluence and after waiting for confirmation on lower time frame we finally got it and price became bearish in LTF as well.
so I set a limit order at a 30-minute order block and wait for the price to tag me in the trade if that happens the price could potentially go lower.
remember to manage your risk.
thank you and have a good night.
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
NGLFINE: Signs of reversal.NGLFINE appears to have bottomed out, now showing strong signs of a potential reversal:
1. RSI is strengthening.
2. Positive divergence is visible in RSI.
3. The stock is now trading above the 20EMA band.
A minor pullback to retest the 20EMA band is possible before the stock resumes its journey toward its all-time high.
As a Stoploss. either you can use 20EMA band or previous swing low, marked in the chart.
Disclaimer: This analysis is based on personal observations and is for educational purposes only. Please conduct your own research or consult a financial advisor before making any investment decisions.
@@ Always adhere to your risk-reward ratio before entering any trade.
@@ Maintain discipline in all trading activities.
@@ Ensure strict compliance with the marked stop loss.
THE KOG REPORT - FOMC THE KOG REPORT – FOMC
This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
For this FOMC we have the following key levels which need to be monitored and can be used for potential spikes. 2630-25 support, which is too close to target from here could give us that push upside into the higher levels of 2650-55 and above that 2660-65. It’s that higher region we will want to be watching closely for a potential RIP and opportunity to then short back down as shown on the chart. Immediate levels are no good to us here if there is exaggerated volume in the markets on the release, or the press conference 30mins after.
On the flip, if we continue the move downside breaking through the 2630 level we will be looking lower, 2610 as the point of interest but the extension of the move into the 2590-95 region is where we will want to be to waiting for the RIP and potential opportunities to then long back up.
Simple one this time, if we don’t get the levels, we want we’ll stay out of it and come back tomorrow to look for a decent set up.
Our bias target at 2667 still remains so please play caution.
RED BOXES:
Break above 2640 for 2650, 2660 and above that 2668
Break below 2625 for 2610, 2596
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Reliance Swing TradeHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
AUDUSD: If FOMC Vote on Stroner USD Federal Open Market Committee members could affect all markets including oil, stocks, Gold, Crypto and Forex Surely!
In case of any better than predicted Core Retail Sales, FOMC may avoid decreasing interest rate and thus the AUDUSD may fall.
ATTENTION: Strong fluctuations after the news release might occur.
DeGRAM | EURUSD rebound from the trend lineEURUSD is in a descending channel between trend lines.
The price has already reached the trend line, which previously acted as a rebound point and is now moving above the support level.
The chart has formed a harmonic pattern.
We expect a continuation of the rebound when consolidating above the support level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
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.
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GOLD (XAUUSD): Important Zone to WatchThe Federal Reserve's rate decision and FOMC meeting negatively impacted gold prices yesterday, leading to a bearish trend. Observing the 4-hour time frame, we can see how the pair responded to a downward trend line during the day.
The market had been consolidating within a broad range for nearly a month. However, following the Fed's announcement yesterday, there was a significant downward movement that confirmed a break below the support level of this range.
With the broken structure and a prominent downward trend line now defining the supply zone, we can expect further bearish movement, potentially reaching down to 2580.
Jio Fin Services Ltd Swing/Long TradeHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .