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Trend Analysis

Don’t worry when buying gold at the bottom The Fed's interest rate decision on Wednesday and Powell's subsequent speech, although the interest rate was cut by 25 basis points as expected, its "hawkish" tone had a significant impact on the price of gold. The Fed lowered its expectations for future easing policies, predicting only two interest rate cuts of 25 basis points in 2025, lower than the previous forecast. This shows that the Fed is more concerned about inflation risks and remains cautious about economic growth. This policy shift resonates with strong US economic data, further strengthening the market's expectations for the Fed's future policies. The final value of US GDP in the third quarter was revised up to 3.1%, higher than expected, and the number of initial jobless claims also fell sharply, showing that the labor market is still strong. These data show that the resilience of the US economy is stronger than expected, providing support for the Fed to maintain a relatively tight monetary policy. For the gold market, the Fed's "hawkish" stance has put significant pressure on gold prices. As a non-interest-bearing asset, gold's price is negatively correlated with interest rates. A low interest rate environment is usually good for gold because it reduces the opportunity cost of holding gold. However, the Fed has hinted at a slower pace of rate cuts, or even a pause, raising the opportunity cost of holding gold, dampening demand for the metal. The strengthening of the U.S. dollar index has also had a negative impact on gold prices denominated in U.S. dollars. The market is currently divided over expectations for inflation. While recent inflation data has retreated, it is still above the Fed’s target level. Fed officials have also expressed concerns about persistently high inflation. The upcoming core PCE data (the Fed’s preferred inflation indicator) will be the focus of market attention, and the results will have an important impact on gold prices. If the data shows persistently high inflation, it could push up gold prices; otherwise, it could put further pressure on gold prices. While the Russia-Ukraine conflict is still ongoing, the market has adapted to its impact on the global economy and financial markets. Recently, some geopolitical events have had a relatively short-lived and limited impact on gold prices. Market sentiment plays an important role in gold price fluctuations. Recent stock market volatility reflects investors’ concerns about the outlook for global economic growth, which could boost demand for gold as a safe-haven asset. However, strong economic data and the Fed's "hawkish" stance have eased market concerns about risky assets to a certain extent, weakening the safe-haven function of gold. 1 The Fed hinted that it will slow down the pace of interest rate cuts in the future, which will put some pressure on gold. 2 The speed of global economic growth will affect investors' preference for risky assets, weakening the safe-haven function of gold. 3 The current 1-hour downward trend of gold is clear. In summary, the current short-term trend of gold is weak. Today, investors are paying attention to the pressure area of ​​the 1-hour downward trend line above, and gold will be shorted after adjustment under pressure.
FOREXCOM:XAUUSDShort
by Yuliya1l11
1
Price Tests Key Levels as Bullish and Bearish Momentum CompeteTechnical Analysis The price dropped as anticipated in the previous analysis. Today, the price is likely to attempt to reach 41,960. A break below this level would confirm further bearish movement toward 41,740. However, if the price stabilizes above 41,970, it could support a bullish move toward the pivot zone at 42,370. Key Levels: Pivot Point: 42130 Resistance Levels: 42370, 42590, 42770 Support Levels: 41970, 41740, 41560 Trend Outlook: Bullish Momentum: Expected if the price stabilizes above 41,970. Bearish Momentum: Likely with stability below 41,970. previous idea:
OANDA:US30USDShort
by SroshMayi
TAOUSDT | Potential Reversal from Key Support Zone by lesyeuxTAOUSDT is approaching a key support level near $435, forming a bullish descending wedge pattern. Based on technical analysis: Support Zone: $435–$405. Resistance Targets: $730 (upper wedge boundary). A breakout from the wedge pattern could indicate a strong bullish reversal. The setup provides an attractive risk-to-reward ratio, with the stop loss placed below $405. Key Observations: 1️⃣ Price respecting long-term wedge support. 2️⃣ High likelihood of reversal based on pattern completion. Let me know your thoughts on this setup. Trade safely! 🚀 -lesyeux
Long
by lesyeuxdejoy
1
EURJPY Under Pressure! SELL! My dear friends, Please, find my technical outlook for EURJPY below: The price is coiling around a solid key level - 163.20 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 161.54 Safe Stop Loss - 164.03 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURUSD M30 In the previous analysis , the momentum generated by news pushed the market sharply downward, aligning with my projections but with a slight delay. As a result, the market moved 128 pips lower, just one day off the original forecast. The overall bearish trend remains intact. However, the market is currently in a consolidation phase, which could offer a temporary buying opportunity. I anticipate that buyers may push the price higher toward 1.0423, and potentially 1.0460. From these levels, the downtrend is likely to resume. Close observation of selling pressure at these key zones will be essential to confirm the next phase of the market's movement.
Long
by GreyFX-NDS
AMD - good DCA candidateAMD has dropped close to 50% from it's all time high, during the height of the AI exuberance. It's now in a speakerphone pattern and has entered the Golden Pocket Fibonacci retracement level. I believe this is a good opportunity to start a position, using a DCA approach, in the hope it drops more for further accumulation. It could well drop another 20-30% from here, where I would add more for a long term hold. If you're bullish on AI and if we are indeed in the early innings of a new industrial revolution, AMD presents an excellent opportunity to get in on the longer term growth of this cyclical trend. It's true AMD is no Nvidia but the upside potential for Nvidia is far less that AMD. Looking back at the price action, you will notice similar patterns have played out before a strong push to the upside. This is not financial advise, do what's best for you.
NASDAQ:AMDLong
by NoFOMO_
APEUSDT SHORT!There is an AB=CD formation on the APEUSDT pair in the daily chart. Although there seems to be a Cup and Handle pattern, I generally expect a significant drop in the market. It’s worth paying attention as the weekend is ahead. I also specifically talked about this decline on my YouTube channel. USDT.D (Dollar Dominance) is currently in a very risky zone. Please be cautious in your trades and avoid being overly enthusiastic! Stay safe! Best regards! NFA.
Short
by MasterTraderTR
USDJPY NEOWAVE ANALYSIS (DAILY) Experimental analysis with the intention to follow back later on as I am still learning This pair really excites me. I do not know why, but it has stuck with me, so I thought I’d give this a try even though it should be considered low probability due to me going deep down to the daily. As you can see, once wave F got over, we did get a very good 5-wave rally to complete wave A. Although i have no idea yet what wave A is a part of. After the biggest daily drop since wave 2, we got some downwards movement which indicated that the rally up is over. Now using logic and good reasoning when I think about this, it’s not possible for the downside movement to end so quickly after almost 2 months of upwards movement. Hence, I will take it to believe that the correction is still ongoing and the rally we are seeing right now is a strong B wave rally of a possible flat. I do not know where wave B will end, although since I do consider it to be strong, I will expect it to completely retrace wave A. Once we know where wave B finishes, then only I could understand whether the C wave will completely retrace the B wave. Any prior sell off before retracing wave A would mean that we're looking at a triangle correction
by thekidtrader11
BTCUSDT - Elliott Wave Analysis: Wave 5 Targeting $115,000 Market Overview - BTC is unfolding a classic Elliott Wave impulse, currently correcting in Wave 4. - This correction has established strong support near the $94,500-$96,000 zone, aligning with the 38.2%-50% Fibonacci retracement of Wave 3. - The Wave 5 target is projected at $115,000, based on Fibonacci extensions and historical price momentum. Technical Analysis 1. Wave Count Breakdown: - Wave 1: Initiation of bullish momentum with a strong breakout. - Wave 2: Healthy retracement establishing a higher low. - Wave 3: Extended bullish rally, peaked at $108,000, showing typical impulsive strength. - Wave 4: Ongoing corrective phase, respecting key Fibonacci retracement levels. - Wave 5 (Projected): Anticipated bullish rally toward $115,000, potentially extending to $118,000 under strong momentum. 2. Key Levels to Watch: - Support Zones: - $93,000-$94,000: Key demand zone where buying interest is evident. - Break below $92,000 invalidates the bullish Elliott Wave structure. - Resistance Levels: - $108,000: Wave 4 high, pivotal for confirming a bullish breakout. - $115,000: Projected Wave 5 target based on 1.618 Fibonacci extension of Wave 3. - $118,000: Secondary extension level if bullish momentum sustains. 3. Fibonacci Analysis: - Wave 4 Correction: - Aligns with the 38.2%-50% retracement of Wave 3, a standard correction zone. - Wave 5 Projection: - Targets 1.618 Fibonacci extension of Wave 3, landing near $115,000. 4. Trendline Analysis: - A rising trendline connecting Waves 1 and 3 provides structural support. - Parallel projection supports the expected upward movement toward Wave 5. Momentum and Indicators 1. RSI (14): - Wave 4 correction shows RSI consolidating in the 40-50 zone, indicative of oversold conditions. - A bullish crossover above 50-60 will confirm the start of Wave 5. 2. MACD (12, 26, 9): - MACD histogram flattening during Wave 4 indicates diminishing bearish pressure. - A bullish crossover on MACD lines will serve as a strong signal for Wave 5 initiation. 3. Volume Profile: - Accumulation in the $93,000-$94,000 zone reflects strong institutional interest. - Wave 5 should see a notable rise in volume as price approaches $108,000 and breaks out toward $115,000. Trading Plan 1. Entry Points: - Accumulate positions in the $94,500 - $96,000 support zone. - Add on breakout confirmation above $108,000 for conservative entries. 2. Stop-Loss: - Place below $92,000 to limit downside risk and invalidate the current wave structure. 3. Profit Targets: - Primary Target: $115,000 (Wave 5 Fibonacci extension). - Stretch Target: $118,000 if momentum sustains post-breakout. 4. Risk Management: - Risk no more than 1%-2% of capital per trade. Scenarios 1. Bullish Scenario: - Price holds the $94,000-$96,000 zone and breaks above $108,000 with volume confirmation. - Wave 5 achieves $115,000, with possible extensions to $118,000. 2. Bearish Scenario: - Failure to hold $92,000 invalidates the current Elliott Wave structure. - Price may retrace deeper, targeting the $88,000-$90,000 zone. Pro Summary BTC is setting up for an impulsive Wave 5 rally, with $115,000 as the primary target. A breakout above $108,000 will confirm the next leg of the bullish trend. Maintain a disciplined approach with stops below $92,000 and adjust positions as the price action unfolds. 🚀 Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies involves significant risk, and you should do your own research or consult with a professional before making any investment decisions.
Long
by Supachai-Taechapisit
COPPER | XCUUSD | HG1! Weekly Forecast: Bearish to the Lows!There is significant Sell Side Liquidity at the lows of this market. This will draw price to it. Look for price to potentially trade into and drop from the Weekly -FVG. Should be some significant opportunities this coming week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:HG1!Short
by RT_Money
GBPAUD move lower to mid point of trendMacro trendline is bullish. Alert placed around 1.99 for a short to 1.97 (200pips). Id like to see a internal liquidity sweep inside the 4H FVG and well inside the premium zone. Target would be 50% fib level and weekly support at 1.97. A break of this zone could see a deeper move to grab Liquidity at 1.95. News this week will determine the size of the move.. GBP news - unemployment rate - PPI - inflation rate - interest rate decision - retail sales (less important) This is an idea only, do your own research. Happy trading
Short
by PLaceUrBetsPlease
Binance Coin - Trade This Breakout Rally Now!Binance Coin ( CRYPTO:BNBUSD ) is starting to break out: Click chart above to see the detailed analysis👆🏻 It really seems like the long term consolidation of more than three and half years is finally coming to an end on Binance Coin. We still have to wait for the monthly candle of December, but momentum is pretty strong and bulls are doing their best to start the parabolic breakout rally. Levels to watch: $700, $1.400 Keep your long term vision, Philip (BasicTrading)
CRYPTO:BNBUSDLong
by basictradingtv
2
NILI.V Possible Trend Reversal & Entry - First AnalysisNILI.V (Surge Battery Metals) Candlesticks: This past week NILI.V closed Thursday with a dragonfly doji candle, followed by a bullish engulfing on friday. The last time a dragonfly doji appeared was on September 9th, which marked a trend reversal that resulted in a 90% in price over 45 days. Technical Indicators: MACD on the daily is about to crossover indicating a possible shift in momentum from bearish to bullish. Possible Entry: looking for a confirmation on the trend reversal on Monday with a candle closing above the downward channel that Nili has been trading in over the past couple weeks. If that happens I will take a long position and be looking for profit taking opportunities at .40, .45, and .50 cent price ranges. I am new to trading and this is my first analysis. Let me know what you think and if I got anything wrong here, any feedback is appreciated!
TSXV:NILILong
by CanuckTraderMike
2
USDCAD (4D) HIGH-RISK OPPORTUNITY, DTA Cautious Downtrend Retracement in an Upward Trend The USDCAD pair is currently experiencing a short-term retracement within a longer-term uptrend. While the overall trend remains bullish, it's important to exercise caution as we approach key support and resistance levels. Key Levels to Watch: Pivot High @ 1.4238 Resistance, Major @ 1.4209 SLO2 @ 1.4188 📉 SLO1 @ 1.4087 ⏳ TP1 @ 1.3894 TP2 @ 1.3733 TP3 @ 1.3614 TP4 @ 1.3430 BLO1 @ 1.3386 ⏳, minor support BLO2 @ 1.3279 ⏳, above major support Support, Major @ 1.3252 Pivot Low @ 1.32286 Trading Strategy: Consider buying or taking long positions below 1.3386. Be aware of the potential for a sharp reversal. Maintain a bullish bias. Be prepared to adjust your position based on market developments. Risk Management: A tight stop-loss order is crucial to limit potential losses. Manage your risk by avoiding over-leveraging your positions. Remember, technical analysis is a valuable tool, but it's not foolproof.
Short
by ProfessorCEWard