On the daily chart, AUDUSD continues to decline, and the bearish trend is obvious. At present, attention can be paid to the resistance near 0.642. If the rebound is blocked, consider continuing to short. The support below is around 0.635. After breaking through, the support below is around 0.627.
The stock was consolidating in the weekly Bullish Flag Pattern since July 2024. Closing above 1203 on weekly basis will trigger the chances to hit the historic high level for the stock to be over Rs. 2050. On the daily timeframe the stock has broke out the symmetrical triangle pattern, Closing above 1136 will trigger the target of Rs. 1277, an astonishing gain of 24% from these levels. One can enter the trade instantly with SL 965
During the Asian trading session on Monday (December 9), OANDA:XAUUSD Spot delivery rose significantly then fell back, with gold prices hitting an intraday high of $2,650.62/ounce on the Asian market. Gold prices have now dropped and are trading at 2,636 USD/ounce. Bloomberg reported that China's central bank increased its gold reserves for the first time in seven months and that the rapid collapse of the Syrian government further undermined stability in the Middle East. These two factors boosted gold prices on Monday but of course it only had a very short-term impact. The People's Bank of China released data on December 7 showing that China's gold reserves at the end of November 2024 were 72.96 million ounces and at the end of October were 72.8 million ounces. As of April this year, China's central bank had increased its gold reserves for 18 consecutive months, helping support rising gold prices. However, the Chinese central bank's purchases (about 5 tons) are relatively small compared to monthly purchases since the beginning of this year. Traders watched developments in Syria over the weekend after President Bashar al-Assad fled as rebels took control of the capital Damascus. The United States struck dozens of Islamic State targets in central Syria on Sunday, as President Joe Biden warned that Assad's fall could lead to a resurgence of Islamic extremism. https://www.tradingview.com/chart/XAUUSD/uqQHNTVJ-GOLD-MARKET-ANALYSIS-AND-COMMENTARY-Dec-09-Dec-13/ Analysis of technical prospects for OANDA:XAUUSD Although gold has had a week of stable price fluctuations with mostly sideways accumulation, in general on the daily chart it still moves with the main trend leaning towards the possibility of price decline. With the main trend being noticed by price channel and pressure from EMA21 along with the 0.50% Fibonacci retracement level and horizontal resistance of 2,644USD in the short term. On the other hand, the relative strength index (RSI) is moving sideways below the 50 level, which can be considered a negative signal for gold technically. In the near term, if gold takes its price action below the 0.618% Fibonacci retracement level, it could fall a bit further to $2,606 – $2,600 in the short term. Additionally, a new bearish cycle is likely to be opened once the $2,600 raw price level is broken below, confirmed by price activity below the 0.786% Fibonacci level followed by a target of around $2,538. As long as gold remains within the price channel, below the EMA21 and below the 0.50% Fibonacci retracement, it remains bearish on the daily chart, and the highlights are listed below. Support: 2,606 – 2,600USD Resistance: 2,644 – 2,663USD SELL XAUUSD PRICE 2686 - 2684⚡️ ↠↠ Stoploss 2690 →Take Profit 1 2679 ↨ →Take Profit 2 2674 BUY XAUUSD PRICE 2589 - 2591⚡️ ↠↠ Stoploss 2585 →Take Profit 1 2596 ↨ →Take Profit 2 2601
hey, as mentioned in my prior post, I expect cad strenght this week. with that in mind, this chart is looking ready for the pullback from trendline supply. if you don't know how these zones work, watch the videos on my profile. yes, again waiting for star patterns to occur in or slightly above the zones. kind regards, Max Nieveld
AMEX:SPY December9, 2024 15 Minutes. As can be seen in chart AMEX:SPY struggling around 608 609 levels. The retracement i was expecting due to oscillator did not happen but it resulted in sideways movement. For the rise 597.28 to 609.07 604.5 is approximately 38.2% retracement. Also for the fall 609.07 to 607.07 to 608.38 605 is 1.618 times extension on reversals. At the moment AMEX:SPY is converged in 3 moving averages 9,21,50. We have 100 averages sat 606 levels. That is my first target for the moment. Day is still strong, and I have 635-640 as target. We have 606 as 9 averages in day so that should give good support on a reversal.
hey, the rest of my watch list besides safe heaven pairs as chf and jpy is focused at CAD. expecting cad strenght against GBP/CAD and here at CAD/CHF. price is sitting in demand and I'll be waiting again for the 4-hour chart to shape up. same stuff, different chart. kind regards, Max Nieveld
TDI sharks fin entry one week / 1hour sharks fin buy entry https://www.tradingview.com/x/V4eTi5hY/
Bullish Outlook: Bitcoin prices are experiencing a significant uptrend, driven by increasing adoption and institutional investment. As investors seek exposure to the cryptocurrency market, Bitcoin has emerged as a top choice, attracting strong buying interest. Risk Management: 1. Stop-Loss: Set at $97,570 2. Position Sizing: Manage position size to avoid over-exposure to market volatility 3. Risk-Reward Ratio: Set at 1:2 or 1:3 to ensure potential rewards outweigh potential risks Target: - Primary Target: $103,515 Best Wishes Tom ?
Market Context: The GBPUSD pair has been consolidating around key support and resistance levels over the past sessions. Using the **Enigma End Game Indicator**, we've identified high-probability zones for potential reversals and breakouts. ? Current Setup: - Buy Zone: Marked by key support (Buy-At or Below). - Potential entry for a bullish move targeting liquidity above recent highs. - Watch for a confirmed retest and bullish rejection before entering. - Sell Zone: Marked by resistance (Sell - At or Above) - Expect the price to retrace after tapping into this zone. - Look for bearish confirmation (e.g., candle closes below support) to enter short. ? Key Levels to Watch: - Support: 1.27256 - Resistance: 1.27678 - Target Levels: - Bullish targets: - Bearish targets: ? Commentary: The price is showing signs of liquidity grabs at both ends, aligning with previous session highs and lows. A reversal or continuation is likely based on how price reacts to these levels. Follow the structure, not the noise. Wait for confirmations before taking any trades. ✅ Trading Plan: - Buy Strategy: If price holds above support, enter on retest with stops below the zone. - Sell Strategy: Look for rejection at resistance and enter short with stops above the recent high. ? Risk Management Reminder: - Maintain a minimum 1:2 risk/reward ratio. - Adjust position size according to your risk tolerance. ? What’s your outlook on GBPUSD this week? Share your thoughts or trade setups in the comments! Don’t forget to follow for more high-probability trade ideas using the Enigma End Game Indicator.
morning, last week was busy with traveling, so last week I did not post much here. but we're back, and the markets are looking good. first chart on watch is this one. price is within the demand zone, and together with nzd/jpy looking ready. the 4-hour chart is slowly shaping up, I am waiting for a star pattern. regards, max nieveld