since oct. EURUSD has been on a down trend after the support break? I think i'm going to watch this pair for the week if nothing changes i'm trading this all december
I called for a move lower for EURUSD yesterday off the PZ. EURUSD came down, rallied higher, nicely to PZ and sold back down to close near the lows for a good 45pips or so. I will not say that yesterday's price action is bearish. IMO, the thesis which I gave yesterday is still valid, that is, EURUSD is coming down into support. But I am expecting buyers to come in and that could move EURUSD higher. That is a possibility thus while near term price action is bearish, it could find support at one of the levels and move higher. But for now, I am looking at the PZ to hold for a move lower, with 1.05/512 as the price target, but look out for a possible strong pullback/reversal from this zone.
The channel has turned extremely green on this Weekly chart I am very bullish on this coin and this is one of the factors why aiming for 50+ great utility of a coin aswell
DEC series almost 12 trading sessions left bnf expected to see good volatility on both sides of around 2000+++ points which one will be attained quicker or simply time pass and decay premiums
Gold prices today recorded a notable increase, reaching their highest level in two weeks with a rise of over 1%, trading around $2,670. This surge was fueled by several factors, including: China’s Gold Purchases: The People’s Bank of China increased its gold reserves in November after a six-month hiatus, boosting demand and driving prices higher. Political Instability: Ongoing tensions in the Middle East, particularly the collapse of Bashar Al-Assad's administration in Syria, have pushed investors toward gold as a safe-haven asset. U.S. Economic Data: Recent economic data supports the possibility of the Federal Reserve cutting interest rates, further driving gold prices upward. Gold continues its upward momentum, with a pullback having tested the 0.5 - 0.618 Fibonacci levels. If favorable conditions persist, stick to a buying strategy and capitalize on gains, especially if the price breaks the $2,677 resistance. Good luck to all traders!
As per FIBO Can follow the Buy / Sell side trades... Just view not for TRADE
Yesterday, the gold market opened high at 2645.3 in the early trading due to fundamental risk aversion news. After that, the market first filled the gap and reached 2627.2. After that, the market rose strongly. The daily line reached 2676.4 and then the market consolidated. The daily line finally closed at 2660. After that, the market closed with a spindle pattern with long upper and lower shadows. BUY: 2645 Stop loss: 2640 2635 $: 2657, 2667, 2677. Breakthroughs look at 2685, 2692, 2702-2710.
Based on the similarities of cycles this should be the first pause bottoming around 30 cents followed by another impulse to 1 dolar level , important level that could be the next bottom for the next bear market cycle and topping around 5.8 usd.
https://www.tradingview.com/x/yYBFd6BI/ Wave C will take us back to 2009 lows
XAUUSD recently surpassed the 2666 level, reaching up to 2676.5 before facing a strong rejection. As the new trading day begins, careful to observe how the Asian markets influence gold's movement. Here are some important levels that I am watching: 2624 - 2632 - 2646 - 2656 - 2666 - 2676 -2688. Todays gameplan OANDA:XAUUSD : If the gold price holds above 2666, I would consider a BUY. Set the Stop Loss at 2662 and aim for the First Take Profit target at 2676, with the Second Take Profit target at 2689. If the gold price breaks below 2655, I would consider a SELL. Set the Stop Loss at 2660 and aim for the First Take Profit target at 2645, with the Second Take Profit target at 2632.