Waiting for a retest/rejection from this area before the year ends.
Hello everyone, Ben here! Last week, we witnessed a significant drop in gold prices, with the precious metal hitting a low of $2,583 at one point. Currently, gold is trading around $2,623, maintaining a stable position this week. The rebound in gold prices at the end of last week was supported by the weakening USD and a decline in U.S. Treasury yields. This was driven by the latest economic data, which revealed that U.S. inflation is slowing down, easing the pressure on gold prices. Personally, I, Ben, strongly believe that the upward trend for gold will gain more certainty in the coming period. However, gold must break through the current resistance levels to further expand its growth potential. On the other hand, if the price falls below the $2,620 support level, it could drop further to the dynamic support at $2,600. From there, we might expect the upward trend to resume, with potential targets at $2,650 and $2,700 in the foreseeable future. Stay sharp and trade wisely! Yours truly, Bentradegold.
SUI USDT is ideally at such a great position one can imagine to trade this coin as per the doodles drawn. 4.1234 ideal buys for buyers and shorters targets till there, i would inititate buys only when it reaches the point marked in green box, and anywhere if the purple doodle happens, would short from there if it happens, thats a more evident thing to happen!
As mentioned earlier on your view opinion ditto followed as i said. Please have a look at what happens net, likely to break 3277 if vol lows and if its stable to 3470 as the next tpo. aiming for small shorts but longs on whole
Bitcoin isn’t done. We’re starting some pullback action. Possibly to gain some momentum for the propel forward. Don’t let this lil shit shake you out. Stand still, stand firm.
BTC path to 103k is evident as i mentioned earlier about the candles earlier. Now follow the small dip i drew and 97500 to 96312 is a huge point of defence for buyers, Earlier i mentioned 90k fall and did exactly to 92ish. If it happens it can reach direct ath of 110k as mentioned above and earlier. Its not a scalp call so mind it A news will play a vital role here too.. Needs to defend this in coming days or -.. .. .. . .. .. .. .. ..
Btc has rallied down to touch support which is @ 92,000 it’s a very strong area which is holding price quite good. The way btc rallied down makes traders panic but it’s the way btc move. I’ve been trading btc since 2021 and have seen these type of situation several times there’s nothing to be panic about. And please try to zoom out chart and trade on daily or 4hr tf. BTC respects support and resistance levels of htf. Trade 1: if BTC holds support @ 92,000 on daily timeframe than Long with target @ 99,000. Trade 2 : if BTC breaks resistance @ 100,000 than Long with target @ 105,000. Trade 3 : if BTC breaks Support @ 92,000 than it will go down to touch support @ 75,000. It’s holiday season so avoid trading.
I maybe wrong but not so wrong enough to understand buys here would get me off hold and short me to death so better i follow it here and buy from 157 to 156. ideally purple line deflection would be major catastrophe, means if it goes up!
Overview: VTI is currently facing resistance at the $301.85 level, where bulls need a breakout to reverse the bearish momentum. However, the recent price action suggests a potential continuation of the bearish wave structure, aligning with broader market uncertainties. ? Technical Analysis: Key Resistance Zone: The resistance zone at $301.21–$301.85 is derived from the 88% Fibonacci retracement of the recent downtrend. This area is critical for the bulls to reclaim control. Bearish Elliott Wave Setup: - Wave W: Completed, marking a significant decline. - Wave X: Nearing completion at the resistance zone, with a bearish reversal expected. - Wave Y: Targeting lower levels as part of the corrective wave sequence. Targets: = Target 1: $289.76 – This aligns with a key support area and the 1.0 Fibonacci extension. - Target 2: $280.81 – Corresponds with the 1.618 Fibonacci extension and aligns with historical support. Stop-Loss: Placed above $301.85 to account for false breakouts while maintaining a favorable risk-reward ratio. ? Macro Analysis: Economic Conditions: 1. Rising interest rates and a cautious Federal Reserve stance are weighing on the broader market, including total market ETFs like VTI. 2. Persistent inflation concerns and slowing economic growth create additional headwinds. Sector Rotation: 3. Defensive sectors like utilities and healthcare are gaining traction, suggesting risk-off sentiment in the broader market. Investor Sentiment: Investors remain wary of market volatility, with a shift toward bonds and cash as safe-haven assets. ? Trade Plan: - Short Entry: Between $301.21–$301.85, contingent on bearish confirmation at the resistance. - Risk Management: Stop-loss at $301.85. - Profit Targets: First target at $289.76 and second target at $280.81, ensuring a robust risk-reward ratio. ⚠️ Risk Considerations: Watch for macroeconomic events, such as Federal Reserve announcements and inflation data, that could impact market direction. Monitor VTI’s reaction at the resistance zone for potential invalidation of the bearish setup. Do you agree with this bearish outlook on VTI, or do you see a different trend unfolding? Share your thoughts! ??
Manche Straßen sind für ständige Unfälle bekannt. Man hört immer wieder davon – und so weiß man, wo man in seiner Umgebung besonders aufpassen muss. Wie sieht es in Rheinland-Pfalz aus? Wo sind die Unfallschwerpunkte?