Hi Traders, I have a love-hate relationship with LCID. The company produces outstanding products with the best EV range in the market, but its stock price often fails to reflect its fundamentals. While it’s true the company is burning cash, the quality of its products remains top-notch. With the recent launch of Lucid Gravity, the stock has finally gained momentum to move higher. The technicals look promising as well. LCID recently bounced off the 0.61 Fibonacci level, which typically indicates a higher probability of breaking the Fibonacci high of 2.73. Additionally, the price is holding above the 50 SMA, another strong bullish signal. Based on this, I believe LCID has a good probability of filling the gap and reaching 3.20 in the coming weeks. If momentum continues, it could even happen as early as this week. Good luck all, and may the trend be with you. AP
BINANCE:BNBUSDT @Alexgoldhunter Technical Analysis Using Price Action Techniques Key Levels and Zones Support and Resistance Levels: Strong High/Swing High: Around 730.00 USDT p1D High: Around 722.00 USDT Swing Low: Around 705.00 USDT p1D Low: Around 703.00 USDT Strong Low: Around 705.00 USDT 0.618 Level: Around 698.00 USDT 0.786 Level: Around 712.00 USDT Volume Profile: High volume nodes indicate significant trading activity at various price levels: 27.12K, 138.47K, 86.58K, 114.14K, 291.23K, 391.65K, 297.53K, 196.76K, 210.52K, 118.38K, 86.74K, 60.13K, 97.87K, and 107.57K. Fair Value Gap (FVG): An FVG is marked around the 717.00 USDT level. Indicators Relative Strength Index (RSI): Current RSI is around 52.69, indicating a neutral market condition. Lower RSI level is around 47.46. Moving Average Convergence Divergence (MACD): MACD line: 0.51 Signal line: 0.13 Price Action Observations Equal Highs: Around the 722.00 USDT level, indicating potential resistance. Market Structure Shift (MSS): MSS annotations indicate potential changes in market direction. Buy Strategy Entry Point: Consider buying near the support levels, particularly around the 705.00 USDT (Swing Low) and 703.00 USDT (p1D Low) levels. Look for bullish candlestick patterns or confirmation from the RSI (e.g., RSI crossing above 50) and MACD (e.g., MACD line crossing above the signal line). Target Levels: Initial target: 717.00 USDT (FVG). Further targets: 722.00 USDT (p1D High) and 730.00 USDT (Strong High/Swing High). Stop Loss: Place a stop loss below the 703.00 USDT level to manage risk. Sell Strategy Entry Point: Consider selling near the resistance levels, particularly around the 722.00 USDT (p1D High) and 730.00 USDT (Strong High/Swing High) levels. Look for bearish candlestick patterns or confirmation from the RSI (e.g., RSI crossing below 50) and MACD (e.g., MACD line crossing below the signal line). Target Levels: Initial target: 717.00 USDT (FVG). Further targets: 712.00 USDT (0.786 Level) and 705.00 USDT (Swing Low). Stop Loss: Place a stop loss above the 730.00 USDT level to manage risk. This analysis provides a structured approach to trading BNB/USDT using price action techniques, focusing on key support and resistance levels, volume profile, and technical indicators. Happy trading! ?? Follow @Alexgoldhunter for more strategic ideas and minds
looks like platinum is going to drop to $850 to finish ABCDE triangle wave transitioning into a big move to the upside. Target $1600
My previous chart predicted a bearish divergence and this played out. Now there is a possible head and shoulders forming. However, Cardano does appear to be showing strength and this may be invalidated soon. I think it wholly depends on BTC movements. Right now BTC just hit a new ATH and the market followed this. I think ADA is showing strength in the RSI. Key support is 1.15, I think ADA does have the strength to reach this and hold it. Only time will tell, market is neutral in my eyes right now.
Week 51 SZs are set, including predicted price paths a or b. As Always price action determines trades
What I am looking at for Russel 2000 is that the overall trend is a sell. With the news coming out this week, let's look for a price to do two things: follow this bear trend or break this trend line for the Bulls to take over.
Gold is trading below the trendline. Recently it tried to break up but just met resistance at level 2700 and ended up just forming what is seen to be a double top. Further this completed the first wave of High-Lows. Breaking below the Channel will see the gold weakness continuation. Both monthly abd weekly chart are quite distended that should confirm some pullback. If Trump card has to play out, I expect more weakness of gold towards Trump inauguration as well as post inauguration followed by sideway price action before finally confirming direction.
- This stock has been beaten down as it failed to reach the masses. - However, the cars are impressive in terms of technology and looks. - Tesla model 3 & Y looks ugly in front of stylish Lucid motor's cars. - A big reason why Lucid might have a good run way to go higher is because of Saudi funding. They have invested billions in this company and would be investing more. - Lucid cars were sold to Police department of Soudi to further support the lucid. - Recently, lot of hedge funds like DE shaw, Citadel increased their position in the company. - Can it go to double digits? - Maybe if there is a short squeeze - Would it go to $5? - Yes, Charts indicate that it should test $5
OANDA:XAUUSD fell as the USD held steady at its highest level in more than 2 weeks. However, the market expects the Federal Reserve will still cut interest rates next week and gold prices still have conditions for a possible increase in price. OANDA:XAUUSD has broken multiple record highs this year, supported by Fed monetary policy, strong central bank buying and safe-haven demand. Traders currently assess a 96% chance that the Fed will cut interest rates by 25 basis points at its December 17-18 meeting. Focus will also be on Chairman Jerome Powell's comments as market participants analyze US monetary policy in 2025, especially given President-elect Donald Trump's tariff plans , is very likely to add to inflation. Central banks often keep interest rates high to curb inflation, thereby increasing the opportunity cost of holding unprofitable gold. Pay special attention to the upcoming Fed interest rate decision The Fed's monetary policy statement next week could be the last major impact for gold this year outside of unforeseen geopolitical surprises. Next Wednesday, the Federal Reserve will announce its monetary policy decision after a two-day policy meeting. The Fed is expected to cut its policy rate by 25 basis points to a range of 4.25%-4.5%. The Fed will also release a revised Summary of Economic Projections (SEP), known as a Dotplot chart. In September, SEP showed that Fed officials' median forecast for the policy rate at the end of 2025 was 3.4%. If the 2025 interest rate forecast is revised downward, i.e. cutting interest rates by more than 100 basis points, it could have a direct negative impact on the Dollar and this would push gold prices higher. Markets will also be closely watching comments from Federal Reserve Chairman Jerome Powell. If Powell takes a cautious approach to further policy easing, emphasizing a gradual approach, the dollar is likely to remain strong as it remains supported by President-elect Donald Trump. On the other hand, the US Dollar will come under selling pressure if Powell expresses growing concerns about the cooling labor market and its potential negative impact on the growth outlook. Data next week Next Thursday, the US Bureau of Economic Analysis will release the final revised data on gross domestic product (GDP) for the third quarter, and next Friday will release the personal consumption expenditures price index (PCE). The economic calendar needs attention next week Monday: Empire State manufacturing survey, S&P flash PMI Tuesday: US retail sales Wednesday: Federal Reserve monetary policy decision Thursday: Bank of England monetary policy decision; US weekly unemployment claims; US Q3 GDP, Philly Federal Reserve Manufacturing Survey, Existing Home Sales Friday: Personal consumption expenditure index (PCE) https://www.tradingview.com/chart/XAUUSD/ZSwuB8HN-GOLD-MARKET-ANALYSIS-AND-COMMENTARY-Dec-16-Dec-20/ Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold closed the week in a crucial position for upside as it still has bullish conditions. Specifically, the daily chart still shows that gold prices maintain activity above EMA21 and above the technical level of 2,644 USD. Note to readers in the previous edition. In addition, the Relative Strength Index decreased but stayed above 50, which does not show any negative signals. In the near term, if gold brings price activity back above the 0.50% Fibonacci retracement level, it will have the conditions to recover more to the $2,676 level in the short term, more than the 0.382% Fibonacci level and the original price point. 2,700 USD. Overall, gold still has a bullish outlook. However, a negative situation is likely to appear once gold breaks below the 0.618% Fibonacci level because it will tend to retest the 0.786% Fibonacci level with a price point of 2,591USD. Therefore, open long positions will need to be protected when this situation occurs. In the coming time, the technical chart of gold prices will be noticed by some notable patterns as follows. Support: 2,644 – 2,634USD Resistance: 2,663 – 2,676 – 2,693USD SELL XAUUSD PRICE 2680 - 2678⚡️ ↠↠ Stoploss 2684 →Take Profit 1 2673 ↨ →Take Profit 2 2668 BUY XAUUSD PRICE 2621 - 2623⚡️ ↠↠ Stoploss 2617 →Take Profit 1 2628 ↨ →Take Profit 2 2633
SEI is looking very strong, it is above anchored vwap from 2024 highs and above value area high from the aug lows to now, if it stays above $0,55 will be very good to reach higher prices. The target is between fibonacci retracement/extension levels, value area high from jan to apr 2024. TARGET: $0,85 to $1,02 up to (+72%)