Hi everyone. I think with this bearish engulfing candle we have an area with a good potential to go short. Lets see what happens... Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you. Best Regards Navid Nazarian
Here on Gold price has been in downtrend forming and later make a reverse forming another resistance which means is likely to continue selling and trader should go for short around resistance area of 2670.000 and expect a profit target of 2590.000 with stoploss of 2690.696 . Use money management
Reason for buying? FED Lowering their interest rates which is good for the Gold. Gold was a traditional Hedge against inflation, with Trump proposed tariff which likely inflationary, I guess Gold will get some demand on this Demand for Gold in some Asian countries. China's central bank resumes gold purchases after six-month hiatus in Nov (Source: Reuters) Geo Political events. Rumors about "Santa Rally" that happening every year (Seasonality). End-year rebalancing flow ( Bargain-Expensive-Cheaper)
This 4-hour Bitcoin chart illustrates a few key technical insights: Ascending Channel: Bitcoin is trading within a well-defined ascending channel. The upper and lower trendlines are respected, indicating a strong uptrend. In addition we can see very reliable mideline. Price Action: The price is currently around $98,500, and it appears to be consolidating after a small retracement. A potential bullish move is forecasted (green arrow) toward the upper trendline and resistance near $106,347. Indicators (Visual): Moving Averages: The chart likely includes the 50 SMA and 200 SMA for trend confirmation. Also, the chart is trending bullish within the channel. Predictions: Bullish Scenario: If Bitcoin maintains its position within the ascending channel and breaks above $101,756, the next target would be $106,347 and potentially $109,172 near the upper channel boundary. Bearish Scenario: If Bitcoin breaks below $96,000 and exits the ascending channel, it could revisit the $90,000 support area. Recommendation: Keep an eye on the key support and resistance levels. Watch for volume confirmation for any breakout or breakdown. Adjust stops to minimize risk near the lower channel boundary. Enter: 98.3 K Tp1: 101.7 k Tp2: 104 K Tp3: 106.3 K Sl: 96 K **This is just my idea, I will glad to see your comments**
Reliance is showing signs of weakness. The Daily Pivot was rejected in the morning session and now the Weekly Pivot is also struggling to hold. The overall trend in the Daily time frame is on the Short side. There is a strong likelihood that price will go to test the Monthly Pivot again - 1288 levels. Needless to say, this could also drag Nifty down.
Gold - The U.S. Employment Report supports the interest rate cut bet this month, and gold maintains a narrow range of stability. At the end of November, China’s foreign exchange reserves rose by 4.81 billion yuan month-on-month to $3,265,860 billion, reversing the sharp decline in the previous month, and capital inflows offset the negative valuation effect of the rebound of the US dollar. The central bank increased its gold reserves again after six months, but the gold price adjustment led to the amount of gold reserves in US dollars. A small fall. The Central Bank of China increased its holdings of gold by 160,000 ounces, bringing the total scale to 72.96 million ounces. The Central Bank of China began to buy gold from November 2022 until April 2024, with a cumulative purchase of 10.16 million ounces of gold in 18 months. After that, it suspended the purchase of gold for six consecutive months and repurchased 160,000 ounces of gold in November. However, the gold reserves in US dollars are only $193.43 billion, and its size is still less than 6% of the total reserve size. Since the beginning of last week, the US dollar fell on Thursday, and the market’s bet on the Federal Reserve’s interest rate cut was generally stable, partly due to the weaker-than-expected service industry data on Wednesday and the higher-expected number of unemployment claims. On Wednesday, Federal Reserve Chairman Powell said that the U.S. economy was stronger than expected when the Federal Reserve began to cut interest rates in September, and he seemed to imply support slowing down the pace of interest rate cuts. Later, data released on Friday showed that employment growth in the United States grew in November after being severely disrupted by hurricanes and strikes, but this may not mean that the employment market situation has changed substantially. The employment situation is expected to continue to slow down steadily, and the US dollar will fall and then stabilize after the data is released. The non-farm employment in the United States increased by 227,000 in November, compared with 36,000 in October; the unemployment rate rose to 4.2% after remaining at 4.1% for two consecutive months. The average hourly wage growth rate is 0.4%, and the annual rate increases by 4.0%. At present, the market believes that the possibility of a 25-base-point interest rate cut this month is about 86%, and before the Federal Reserve’s meeting on December 17-18, the U.S. November inflation index will be released this week. London gold was slightly under pressure after the release of U.S. non-farm employment data, but it can still be in the recent range. As shown in the technical chart, the gold price has roughly remained around 2620 to 2650 for more than a week, and is still waiting to break out to make it clear. The larger support is expected to be $2,600, and the next reference level is $2,582 on the 100-day average. The fall in gold prices in mid-November also happened to be supported at the 100-day average. The key will be in 2535, from the bottom of the consolidation from May to June to around $2,280 to the end of last month, a cumulative increase of nearly $510, half of which is $255 to $2,535. As for the current closer resistance, let’s look at 2648 and the 50-day average of 2668, and the next level of resistance is estimated at $2,700 and $2,725.
regarding to xrp, I have booked profit at tp 1 & did not manage to book profits on tp2 as tp2 was not hit, currently waiting to see how will the price react to the 15min ob+ that it is approaching and if we manage to get a bounce from that I think I will just hold the position ad might take some manual profits as I´m yet quite unsure if we can push the price trough the ob- aka. selling pressure that has created above, also I see a great potential to short from the displacement fvg that has created as it shifted market scruture so another option is to close the position in profit at that fvg and just short from there also lower timeframe orderblocks align with the 15min and 30min region so that indicates alot of buying pressure being located there so i most likely expect the price to bounce from there also EMA levels were reclaimed so if we can hold the price up with the buying pressure then we have a very strong indication of continuation of the bullish trend and this might have just been used as an lq sweep liquidating high lev dummies (as I like to call it) so far it is just a msb not a mss because we did not break trough an important level sl moved to BE so no I have no stress haha
This post explores the idea that Bitcoin, often referred to as "digital gold," might one day replace gold as the preferred store of value. Gold’s price (shown in yellow) has traditionally been sensitive to inflation, which is influenced by money printing, as indicated by the US M2 money supply (shown in white on the chart). Geopolitical and economic insecurity also drives demand for gold, the "safe-haven" metal. To add further context, I've also included US debt (shown in red). The chart reveals that the market seems to have found some form of equilibrium at current levels, with gold’s price finally tracking the M2 money supply and debt parameters closely. Interestingly, Bitcoin (shown in orange) has mirrored this behavior in a similar fast-paced manner. Around the $3,000 mark for gold and near $100,000 for Bitcoin, both assets are aligning with the money supply and debt trends. This suggests that any further price increases could be limited unless additional money is printed or debt increases. Of course, a Black Swan event could disrupt this equilibrium at any time. I also used TradingView’s Correlation Coefficient tool to examine the relationship between Bitcoin and gold. The correlation is impressively high at 0.87, indicating an almost perfect alignment between the two assets. The chart supports the idea that Bitcoin is tracking gold closely, strengthening the notion that Bitcoin could indeed be positioning itself as the "digital gold" of the future. Let me know your thoughts in the comments below!
The instrument is in a clear uptrend, lets take some retests using a fibonacci retracement tool... then we move upwards when we have confirmed in H4, and do refining in H1. Thank you
If you can tell me we're this year rally started you can agree with that we are going to hit 65k,however I've realized not everything need to be said in public there is rules n conditions,and I don't have to revealing everything but just know that we know what we are doing and how to follow the trend,note that the rally ita still going to continue until the target.