Sticking with my conviction that we have indeed capped the high for Gold for 2024 and have already fulfilled a 30% retracement back into the overall range. We could potentially be ranging for the remainder of the year. I'm anticipating major breakouts within Q1 of 2025. If gold decides to breakout of its current range prior to 2025, then I would be anticipating a buy-side manipulation to take price lower towards the equal lows inside of Q3 of 2024. Let me know if you have any comments or questions below, or just your overall thoughts as well. Bless.
On Friday, Nifty traded within a narrow range, reflecting cautious market sentiment. It made a high of 24751.05 and a low of 24620.50, ultimately closing at 24677.80, down by 30 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive, signalling underlying strength. Demand/Support Zones Near Demand/Support Zone (15m): 24295.55 - 24376.65 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
As shown on the chart, gold remains in a correction area. In my view, the price is currently in wave C from the zigzag ABC within a larger correction cycle WXY. We need five waves to complete wave C. The trade is short from the current price of 2634, with stop loss at 2646 (120 pips) and targets 2607, 2595, and 2575. Confirmation for this scenario will occur if the price closes below 2621. Additionally, the head and shoulders pattern will confirm if price close below 2621.
n = / 2 YELLOW - GENESIS: (n^6 → n^3 → n^9 → n^6) GREEN- : (n^3 → 1 → n^9 → n^6) RED- : (n^6 → n^3 → n^9 → n^6) ORANGE- : (n^3 → 1 → n^9? → ?) BLUE- : (n^6? → ? → ? → ?)
Technical Analysis of Moving average stocks (09/Dec/2024) follow for more updates and information
Disclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
MACD and RSI with the positive crossover while price action hovers at a major resistance level for a breakout Short term price target: $(.00031-.0004)
This is a long-term ascending parallel channel that no one sees! And guess what? The price is currently at the major resistance of it. This channel is 100% valid. Now the question is, how will Bitcoin react on the upward sloping trendline? As always, I bring you strong technical data, and now it's up to your decision. From my point of view, buying Bitcoin at 100k after a huge pump from 15k (2022) doesn't make too much sense. But that's not what moon boys want to hear. Who still doesn't know what the plan for Bitcoin is—to make a one-world digital currency and one world government. Bitcoin is a currency that wants to replace cash, and all your transactions are monitored 24/7. There will be 1 wallet per person since your birth, and you will not be allowed to create a new personal wallet. The energy of your body will be used to mine Bitcoin, in other words, you will mine Bitcoin with your energy. In this case, you will have to eat more food to sustain this load, and you probably know that the more you eat, the faster you age and get old. The more you drive the car, the more gas you need, and the lifespan is shorter. Bitcoin was brought to planet Earth by unfriendly aliens. Bitcoin is popular only because of the profits that have been made in 2008-2024, but Bitcoin will never go exponentially again. It's too big already; see this picture. In order to make 10x or 100x, you must invest your money elsewhere.
Ready for pump ELONUSDT This chart is similar as doge coin chart and can move like Doge. good pattern break and pullback on trendline break and pullback on EMA 400,200,100,50 daily. every thing is ready for pump... so for ATH +1000% spot profit.
Many Crypto Traders/Investors like to believe in a potential 'Santa Rally'. Essentially where investors pile money into such assets (BTC) and the price raises with demand. Really, if you are going to be buying BTC at such highs you are not really Trading the asset, you are 'believing' in it's potential. Any holding of anything at all time highs is not going to be done on a 'good deal' basis, as one would not normally be buying highs. It's important to remember if you are still holding BTC now at highs, you are still effectively buying highs. You are not actively entering but you are holding long positions. Typically, if you want to be consistent long term and not face massive swings in P/L, you should take gains where you have gains. If something starts to stall, take it. You then have the chance to re-buy later on. Holding anything for longer and longer pays out more - But equally its of more risk (you do not know when it will turn as you have no resistance reference points). Investor long zones on wild dips are far more preferred. This is not to say it will not rally again beyond current highs - It is to say you do not know exactly how far or when it will stop.