SP 1 Hour Revised with Bottom Of March 2020 there are many rectangles
As a market analyst, I observe that global gold prices currently stand at $2,647 per ounce, with February 2025 gold futures on the Comex New York exchange priced at $2,675 per ounce, reflecting a 0.03% increase from the previous day. Over the past week, gold has shown a solid 0.8% gain. From my perspective, gold has had a remarkable year, and while it is now undergoing a phase of correction, I firmly believe this pullback will not last long. My analysis suggests that gold prices will rise further in the coming months. This outlook is supported by several key factors, including loose monetary policies, strong central bank buying activity, and growing demand for safe-haven assets, all of which are likely to drive gold to new record highs this year. I’m also closely following comments from Federal Reserve Chair Jerome Powell after each meeting, as these are crucial for shaping investor expectations for 2025. Inflation remains a pressing issue, still falling short of the Fed’s 2% target. According to Nicky Shiels, a metals strategist at MKS PAMP SA, gold prices could reach $2,500 per ounce, or even as high as $3,000 per ounce, depending on how effectively the Fed manages inflation. In the short term, my projection is that gold will trade within a range of $2,647 to $2,760 per ounce. For the longer term, I align with Goldman Sachs' forecast that gold could achieve $3,000 per ounce by the end of 2025. This aligns with the broader trends I’m observing, where persistent economic uncertainties and evolving monetary policies continue to shape a favorable environment for gold.
This is an AUDUSD top-down analysis using ICT concepts along with some of my own considerations. I demonstrate how I work my way down all the way from the 12-month timeframe to the daily timeframes. Everything is relevant, especially the bodies of the candles. Read the chart this way and have insights you would otherwise never have. - R2F
BINANCE:BNBUSDT @AlexGoldHunter Price Action Analysis and Strategy Key Levels and Zones Support and Resistance Levels: Resistance Block (RB): Around 735.00 USDT Support Block (RB): Around 705.00 USDT Strong Low: Around 705.00 USDT Equal Lows: Around 705.00 USDT Fibonacci Retracement Levels: 0.786 Level: 730.9076 USDT 0.705 Level: 728.753 USDT 0.618 Level: 726.4388 USDT 0.5 Level: 723.3 USDT 0.382 Level: 720.1612 USDT Volume Profile: High volume nodes around 715.00 USDT and 705.00 USDT Price Action Markers CHoCH (Change of Character): Indicates a potential reversal in trend. MSS (Market Structure Shift): Indicates a shift in market structure, often signaling a change in trend direction. BOS (Break of Structure): Indicates a break in the previous market structure, confirming a trend change. Buy Strategy Entry Point: Look for a bullish CHoCH or MSS around the support block (RB) at 705.00 USDT. Confirmation of a bullish reversal can be further validated by a break above the 0.382 Fibonacci level (720.1612 USDT). Stop Loss: Place a stop loss below the strong low at 705.00 USDT to minimize risk. Take Profit: Target the resistance block (RB) around 735.00 USDT. Partial profits can be taken at intermediate Fibonacci levels (726.4388 USDT and 728.753 USDT). Sell Strategy Entry Point: Look for a bearish CHoCH or MSS around the resistance block (RB) at 735.00 USDT. Confirmation of a bearish reversal can be further validated by a break below the 0.618 Fibonacci level (726.4388 USDT). Stop Loss: Place a stop loss above the recent swing high at 735.00 USDT to minimize risk. Take Profit: Target the support block (RB) around 705.00 USDT. Partial profits can be taken at intermediate Fibonacci levels (723.3 USDT and 720.1612 USDT). Conclusion This chart shows a detailed technical analysis setup for BNB/USDT, incorporating price action techniques, volume profile, and Fibonacci retracement levels to generate a buy and sell strategy. The key levels and zones identified provide potential entry and exit points for traders. If you have any more questions or need further details, feel free to ask! ?? Follow @Alexgoldhunter for more strategic ideas and minds
celr is on the retest on the weekly. great long term gain. restest is at the support level 0.02232. buy now. looking to TP! at 0.03884 ... take TP 2 0.05883 which at the 1.618 which would be a 162 % profit . just might hold on to until the 2.618 at 0.09049 which would be over 300% . anything is possible in the bull market. cant forget to set my stop loss at 0.02047. keep an eye on the rsi and volume for more confluences.
A Fib has been drawn on this 15min chart from $6.00 to$19.20 HIGH IN THE AFTER HOURS MARKET .TAKE A LOOK AT THAT GAP IN PRICE ,SEE ARROWS.THIS IS WAY OVERDONE .1ST TARGET $8.80 THEN $6.20 Shorts are Eager to Roast this
The positive divergence of SKI is growing on the lower time frames. A squeeze might be coming soon as the triangle tightens as well.
The XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2678 2nd Support – 2692 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Hello, subscribers! It's great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - U.S. retail sales for November, reported by the Department of Commerce, increased by 0.7%, surpassing market expectations. - Strong retail sales indicate that the momentum of the U.S. economy is strengthening. While a rate hold is widely expected at the December FOMC meeting, the prevailing view is that rates will also remain on hold in January. - With the Japanese yen weakening further against the dollar, some suggest that Japanese authorities might intervene in the currency markets. I- n the U.K., wages rose by 5.2% year-over-year from August to October, exceeding expectations and driving the pound higher. - In Canada, the November Consumer Price Index (CPI) rose by 1.9%, falling short of the market estimate of 2.0%, which weakened the Canadian dollar. Key Economic Indicators + December 18: U.K. November CPI, Eurozone November CPI, FOMC meeting results + December 19: Bank of Japan rate decision, Bank of England rate decision + December 20: U.S. November Personal Consumption Expenditures (PCE) Price Index AUD/USD Chart Analysis The AUD/USD pair has finally broken below the 0.63500 level. Based on the current chart, further declines toward the 0.62000 level seem likely. However, the direction could shift upward depending on the stance the Federal Reserve takes during this week’s FOMC meeting. If unexpected factors lead to an upward move, I’ll quickly revise the strategy accordingly.
H&S spotted on NVDA , for this case , we will use $128-$130 as the H&S support. if price break down below $128, will expect market dive down to 200MAs at $115 ,and next strong support would be sitting at $95 - $100. if $128 supported well, we may expect a bounce up to $140 zone. Pending for a confirmation.