support broken 2 times- The supporting trendline was broken 2 times.
- Double Top confirmed the resistance.
We are going to see a trend move to the downside or a consolidation first to then decide which way we go.
Futures market
Nasdaq Futures Rebound or More Decline? Key Levels and StrategieDive into today's analysis of Nasdaq futures for Thursday, December 19, 2024. After yesterday’s significant 1,000+ point drop following interest rate announcements, we assess whether the market will rebound or continue its decline. Here's what you'll discover:
📉 Short Strategies: Key levels like 21,620 and 21,540, with setups to capitalize on continued bearish momentum.
📈 Long Opportunities: Critical zones for potential recoveries, such as 21,700 and 21,870, targeting a resumption of the rally.
📊 Market Context: Insight into yesterday’s drop and its implications for both intraday and longer-term trends.
If you’re looking for actionable insights and high-probability setups in a volatile market, this video is for you. Learn how to react to price movements and position yourself effectively.
🔗 Subscribe now for daily market updates, trading strategies, and exclusive content to enhance your trading performance. Don’t miss it!
Follow XAUUSDFor me this was a perfect result to end the year. We will return in 2025.Blessings to all.
Pullback in XAUUSD...I expect a reaction in purchase in some of those two green dots. This is simply a market reaction to rise strongly. Let's hope so...
ES testing 6040 zone and reverse to enter the range 5735-5920Based on Wyckoff, we are now in UT phase were we should go back to the range between the 2 red lines.
the fact that we made high, got back to the red line to do reversal and made higher high => and now back to the same reversal point indicates weakness .
From here came my conclusion that max we will hit 6040 zone and go down to the lower range 5735-5920.
BANKNIFTYBanknifty levels are based on imbalances
1. gapup 52000 long
2. 52000-51450 trade breakout
3. breakdown 51450 short
Ethereum Fibonacci Strategy 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
gold buyHello this is my analysis I think that gold is going to be covered to continue falling I hope that risk is managed
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.
bearish movement as asia market startsFirst, looking at daily closing and H4, i am expecting selling pressure as Asia session starts.
watch out for rebound on the area around 2605 - ensure to only enter if there is confirmation of buying based on chart pattern.
first support area : 2616
2nd support : 2605
max rebound area : 2597
remember to monitor lower TF as possibility to go further to 2597 is also there.
bearish if didnt manage to break solid at 2623 areai am expecting bearish if euro session didnt managed to break 2623 area
short and look for demand near 2550 on long term,
if break - look for opportunity at range 2633 and focus more on sell > buy for december
BUILDING PERMITSLooking to start construction, building levels till we don't.. failed to break 38 booster to demon buys 666 pass 666 it will tease were bull 4ever together if when we break 81 ,, 81 is the key of elements.
Every dip were buying ------ just like btc ,, every dip is discount for next year. good luck,,lets see how this plays out
XAUUSD Short idea - Short term swing tradingWe are currently in an ABC corrective move and there's some very high quality supply areas I'm looking at and willing to trade.
Short term swing idea to the bearish side, however higher timeframe trend remains bullish and I'm expecting it to continue after the end of the current ABC correction.
Trade safe!
AlbertFX99
Spot Gold Eyeing AB=CD Support?With the daily price of spot gold (XAU/USD) again rejecting resistance from US$2,716, this unearths a possible AB=CD harmonic support zone at US$2,473. This support is also complemented by Fibonacci support from 38.2% and 61.8% retracement ratios at US$2,479 and US$2,475, respectively. In addition, a 1.272% extension ratio at US$2,488 and a clear-cut uptrend is seen. Consequently, although this pattern may not be completed this year, it is one that many will likely consider adding to the watchlist for 2025.
XAUUSD IDEAToday all eyes are on GDP and initial jobless claims.
Technically, the price is out of the global channel, breaking the support, gold updates the low to 2581.
Resistance levels: 2620, 2630, 2636
Support levels: 2616, 2612, 2603
After updating the low, a retest of the previously broken channel boundary and imbalance zones is formed. False breakdown of key resistance, for example 2620 or 2633 and subsequent consolidation of the price below these zones may lead to further decline.
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).
NQ up towards 22K until late NovemberBased on the swing time projection I expect NQ to form a new high between Nov 26th and 28th. This could coincide with price projection from March 2024 with expected top around 22K. Both time and price based on Feigenbaum projections.
NQ is closing in on cycle top - 22KBased on time fib and Feigenbaum projections the swing predictions seems pretty accurate. Comments in chart.
Would line up with projection on Daily TF since March 24, with expected top around 22K.
### Technical Analysis: Gold One-Day Swing Trade Idea 19/12/2024*Market Overview:*
Gold is currently exhibiting a bearish sentiment, with recent price action closing below the daily chart's 20-period simple moving average (SMA). This technical setup indicates that sellers dominate the market, and we are positioned to capitalise on potential further downward movements.
*Key Technical Levels:*
1. *Bearish Scenario:*
- *Current Price Action:* As the price remains below the 20-period SMA, we look for a potential downside break from the established triangle pattern. This breakout could signal a continuation of the bearish trend.
- *Targets:*
- *First Target:* *2535* – This level aligns with the anticipated wave C completion in the ongoing corrective wave structure.
- *Second Target:* *2485* – A deeper price retracement could further validate the wave C scenario.
- *Wave 3 Consideration:* Should gold decline below the 2350 area, we may enter wave 3, suggesting strong momentum for continued bearish movement. This could imply a rapid downward trend and provide a solid trading opportunity.
2. *Bullish Scenario:*
- *Resistance Levels:*
- *20-Period SMA:* a daily close above this moving average could indicate a shift in market sentiment, signalling caution for bearish positions.
- *Breakout Level:* If the price breaks above *2666*, it would suggest a potential bullish reversal. This level must be carefully analyzed for trading decisions.
- *Upside Targets:*
- *First Target:* *2716*
- *Ultimate Target:* *2850* – A close above 2721 may propel gold toward new all-time highs.
*Trading Strategy:*
- *Shorting Opportunities:* Focus on initiating short positions around *2652* or *2613*. These levels coincide with the anticipated price retracement areas within the bearish framework.
- *Monitoring Key Levels:* Closely watch for price interaction with the 20-period SMA and the upper boundaries of the triangle pattern. Any decisive movement above these will require a reassessment of bearish positions.
*Risk Management:* Consider utilizing stop-loss orders just above the 20-period SMA or the breakout level.
*Conclusion:*
The current bearish trend in gold, reinforced by the daily close below the 20-period SMA, suggests promising short-term trading opportunities. Should the price break down from the triangle pattern, we may see targets around *2535* and *2485. Conversely, a beyond **2666* could signal a strong bullish reversal, urging caution for existing short positions. Traders should remain alert and ready to adapt strategies based on these levels and market movements.
*Disclaimer:*
This analysis is intended for informational purposes. Research or consult with a financial advisor before making any trading decisions. Safe trading, everyone!
Gold Long 4HThis is a Trade Idea Based on Pullback Levels and Golden zone of Fib, I'm looking for a buy opportunity around the 2633-2630 range on the 4-hour chart. To enter this trade, confirmation is essential. I'm looking for confirmation on a lower time frame, such as the 30-minute chart. An ideal confirmation would form a 'W' pattern, preferably with a higher low in the second leg.
Gold will go up very soon All the things are over, rate cut is decided and what ever the action to be happened is happened, now it's time to move up from here , even though FED is thinking to pause the rate cut, but globle circumstances are still not calm down and now we will see a new high in gold in the biggeing of next year itself.
The best entry to buy Gold is 2600, 2590 zone from where. Gold will move up and will go to all time high.
Gold setupGold is forming a rising wedge on the 5min timeframe and is approaching a 1H resistance level.Our next move is to sell at the right time
GOLD /BULLISH SETUP UPTO HIGH VOLUME ZONE 2711 TARGET LEVELHi guys, I am looking at the price target until the high volume target zone of 2711
