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Futures market

ASX dragged lower by the DowThe Dow Jones futures market fell for an 8th consecutive day on Monday, a bearish sequence not seen in over 12 years. And that's not good news for ASX 200 bulls, as the index tends to track the Dow very closely. The daily chart looks like it wants to head to 8200, and it just 1 - 2 bearish trading days away from it looking at a typical day's range. The 1-hour trend has favoured bearish swing traders, who could seek to fade into moves towards the 20-50 hour EMAs.
ASX24:AP1!Short
by CityIndex
Monday trading PlanPrice has been dropping aggressively on Friday, creating a significant displacement to the downside. The area around 2680 is identified as a key supply zone where sellers might step in again. Bias is on the bearish side and I am expecting a retracement to 2680 (supply zone), followed by a continuation of the downtrend. A move up to 2680 will allow for liquidity to be swept, and then the price could reverse sharply. BUT things might go differently, this is my main scenario and plan. Next Steps: Look for longs as price will approach 2680 OR just wait patiently to see if it happens. Once at 2680 level watch for signs of reversal like a liquidity sweep, bearish market structure shift (MSS), and the FVG being respected. Target lower prices, ideally back to opening price around 2640 and ideally 2600 but that might only be later on today maybe during New York. This is MY main trade idea for today, I am waiting for the retracement and the drop. If price doesn't reach 2680 or shows signs of reversal earlier, I will adapt accordingly. Trade safe!
FX:XAUUSDShort
by Med_In_Trade
Something is seriously wrong with XAUUSD### **1. Chart Observations 📊** - **Instrument**: Gold Spot / U.S. Dollar (XAU/USD) - **Timeframe**: 1D (Daily Chart) - **Current Price**: $2,652.62 - **Key Levels**: - **Resistance Zone**: Around **$2,700 - $2,740** (marked in red) 🚨 - **Support Zone**: Near **$2,560** and deeper at **$2,400 - $2,360** (marked in green) ✅ --- ### **2. Trendline Analysis 📐** - The chart shows **two intersecting trendlines**: - A **downward sloping resistance trendline** connecting recent highs 📉. - An **upward sloping support trendline** connecting recent lows 📈. - **Breakout Observation**: The price recently broke below the **upward support trendline**, signaling bearish momentum ⚠️. --- ### **3. Candlestick Analysis 🕯️** - Recent candlesticks suggest: - A rejection from the **resistance zone** near $2,700 🔴. - A strong bearish candle broke below the **rising trendline**. - However, the latest candlestick shows signs of hesitation (small-bodied candle), indicating potential indecision 🤔. --- ### **4. Price Zones to Watch 🔍** 1. **Immediate Resistance**: - The red zone ($2,700 - $2,740) will remain a **critical resistance**. A strong break and close above this level would signal bullish continuation 🚀. 2. **Key Support**: - The next support lies at **$2,560**. If the price falls below this, the deeper support at **$2,400** comes into play 📉. --- ### **5. Prediction: What’s Next? 🧭** - Given the recent break below the upward trendline and rejection at resistance, the short-term outlook leans **bearish**: - Price may test the **$2,560 support** in the coming days. If this level holds, a bounce back toward $2,700 is possible 🛑. - However, a **failure to hold $2,560** could open doors for a drop toward the $2,400 - $2,360 zone 🕳️. - **Bearish Outlook (Short-term)**: - Watch for further bearish candles or a retest of the broken trendline as new resistance. - **Bullish Scenario (Alternative)**: - If bulls reclaim $2,700 with strong volume, a breakout rally could follow 📈. --- ### **Key Notes 📝** 1. **Monitor Price Action** near $2,560. 2. **Volume Confirmation**: Higher selling volume near resistance strengthens the bearish case. 3. Stay cautious of fakeouts—Gold is volatile! 🛡️ --- In summary, Gold looks weak below the broken trendline and is at risk of heading toward lower support levels. However, a bounce cannot be ruled out if buyers defend $2,560 aggressively! 👀 🚨 **Trade Carefully and Manage Risk!** 🛑
ICMARKETS:XAUUSD
by rajpatel95133
CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential demand zones: low-risk buy zones spanning from 2635.00 to 2640.50, respectively, is highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 2635.00 and 2640.50 serving as a low-risk buy. Bullish Targets📈: 2660.00: Possible retracement area. 2670.00: Possible retracement area. 2690.00: Possible retracement area. 2710.00: Possible retracement area. 2690.00: Significant supply zone. 2710.00: Significant supply zone. 2725.00: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
OANDA:XAUUSDLong
by T4X_Trading
2024-12-16 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. comment: Another mind boggling rally with a strong break above 22000. Volume is atrocious but that does not matter one bit as long as we continue up. Market has now broken above at least 2 bigger patterns on my charts and every time a market does that, I expect it to fail, rather than to be the start of a new and stronger trend. current market cycle: bull trend but very late and will end soon key levels: 20000 - 20500 bull case : I got one more bullish target at 22400 but that’s it. We could reach it but I would be very cautious tomorrow and wait how much interest there is in buying above 22100 when the momentum fades. No more thoughts about this for now from a bullish perspective. It’s beyond overbought. Invalidation is below 21800. bear case: Many upper trend lines and breaks above them. Overbought conditions and low volume. All valid arguments but only price matters and that is going higher. 1h close below 21900 is needed for the bears. Before that I would not trust most selling attempts because it’s more likely they will become another bull flag and break to the upside again. I’d be very surprised if bears manage to get down to 21900 and close the gap. Invalidation is above 22200. short term: I’d rather look for shorts above 22100 than for more longs. Can go higher but it would do so without me. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 over the weekend. current swing trade : None trade of the day: Just balls to the walls long from us open or even Global for that matter. Unreal strength.
CME_MINI:MNQ1!
by priceactiontds
A Buying Opportunity Amidst Global Uncertainty.(Chart Analysis on H4 T.F) The gold price has been trading within a flat top and bottom channel, indicating a period of consolidation. A strong horizontal resistance line and an inclined support line are visible on the chart. Notably, the trend has reversed three times from the resistance line and twice from the support line. Currently, the trend is testing the support line, where we anticipate a third reversal. Following this, we expect the price to move towards the resistance line. (News Impact on Gold Market) The current global economic uncertainty, fueled by rising inflation concerns, geopolitical tensions, and the COVID-19 pandemic, has created a favorable environment for gold prices to rise. Recent news and events that may impact the gold market include: - The US Federal Reserve's decision to maintain interest rates, which may lead to a weaker US dollar and higher gold prices. - The ongoing geopolitical tensions between the US and Iran, which may increase safe-haven demand for gold. - The rise in COVID-19 cases globally, which may lead to increased uncertainty and higher gold prices. Trade Setup: Based on our technical analysis and news impact, we recommend opening buy positions in gold. - Entry: Buy gold at 2645-2655 - Stop Loss: 2633 (below the support line) - Target Prices: 1. 2670 (T.P1) 2. 2685 (T.P2) 3. 2700 (T.P3) 4. 2717 (T.P4, final target near the resistance line) This trade setup offers a potential profit of 72 points, with a risk of 12 points. We believe that the current market conditions and news impact make this a attractive buying opportunity for gold.
TVC:GOLDLong
by Chart_Champ1
1
Is Gold About to Make a Big Move?Here’s What to Watch: If Gold Breaks Above $2,721: We could see it climb to $2,900 or even $3,000! If Gold Drops Below $2,600: It might fall to $2,500 or even $2,400 before finding support and bouncing back. The Upside: If gold pushes past $2,721 and holds strong, it could mean big gains ahead. Keep an eye out for a run toward $3,000, but watch for pullbacks near that level. The Downside: A drop below $2,600 could mean trouble in the short term, with possible dips to $2,500 and $2,400. These levels might give gold a chance to settle before making its next move higher. Wellness Tip: Trading can be stressful, so don’t forget to take a break! A quick 5-minute breathing exercise can work wonders—breathe in for 4 seconds, hold for 4 seconds, and exhale for 4 seconds. This helps clear your mind and keep you focused. Kris/ Mindbloome Exchange Trade What You See
TVC:GOLD
by Mindbloome-Trading
A quick look at gold and silver and a thank you to tradingview 12 16 24 I just did a video and now an hour ago it is more important than this video but I would like to thank tradingview for recognizing some of my wort. if you look up trading View you will see that it has 70 million followers... when I listen to my video I realized I said 40 million''' that's a lot of followers. the main reason for this video is that earlier today I said I would be looking for buyers in gold and silver and I thought that was important because they both took a big hit lower and from my perspective it's time for buyers to come in to their markets. but there are a few only a few caveats and I think it's important to recognize that it is okay to analyze the market.... make the conclusion that the market is going higher... but to come to the conclusion that it's not quite right for you or that here the trade location in addition to the bar patterns in real time don't make it an easy trade and that you should perhaps wait and not take a trade and therefore will not lose money which is an important consideration for every trade. I've taken the position after many years of dealing with bad trade location that it doesn't pay to take those trades but you should still assess those trades especially if some of them work and then you learn without losing money first that there are certain trades you might decide to take because you've had enough experience saying that this particular trade has been a problem for me but over the past 4 traits or 5 trades like this the market did work out in my favor if I take in it and I wanted to take this trade today and if I take the trade there is a stop that I can live with and I will not violate that stop.
COMEX:SI1!
by ScottBogatin
1
XAU Gold 30MinIchimoku Cloud The red cloud indicates a prevailing bearish trend in the past. Flat areas of the cloud highlight potential future resistance zones. Key Support and Resistance Levels Key Support (Orange Line): Around 2,649.77 Important Resistances (Yellow and Green Lines): First Resistance: 2,655.39 Second Resistance: 2,667.41 Risk and Reward Area The red area below the chart represents the Stop Loss zone (loss area). The green area above indicates the Take Profit zone (profit area). A trade has been executed with a balanced risk-to-reward ratio. Relative Strength Index (RSI) Current RSI value: 47.58 RSI below 50 indicates relative market weakness in the current state. Green Arrows The green arrow at the bottom of the chart suggests a potential bullish reversal from the key support level. Analysis Conclusion: The recent downtrend has tested the support level at 2,649.77. If the price stabilizes at this level and breaks through the first resistance at 2,655.39, there is a possibility of growth towards the next resistance at 2,667.41. The RSI needs to cross above 50 to confirm buyer strength. Otherwise, breaking the support level may lead to further decline.
CAPITALCOM:GOLDLong
by protahlil
XAU Gold 4H TradeFriends, the first trade on gold begins. I’m taking a long position on gold with a 4-hour timeframe, which I believe will show results in the next three to four days. There will be daily updates added to the analysis based on 30-minute intervals, so it’s a good idea to follow me to also see trades on lower timeframes. For this trade, I’ve hypothetically invested $500 with 20x leverage. You can adjust these amounts based on your own strategies and techniques. The main goal is to identify trends in gold across various timeframes and share insights. If you have any thoughts or suggestions, I’d be happy to hear them in the comments. Thank you!
CAPITALCOM:GOLDLong
by protahlil