This year, the price of gold (XAU) experienced significant volatility, driven by a confluence of economic and geopolitical factors. Early in the year, gold prices surged amid rising inflation fears and central banks’ hawkish monetary policies, which heightened its appeal as a safe-haven asset. The wave intensified as geopolitical tensions, notably in Eastern Europe and the Middle East, escalated, leading to increased demand for gold as investors sought stability. Despite occasional corrections due to interest rate hikes and a stronger U.S. dollar, the underlying demand for gold remained robust. Mid-year, a dramatic surge saw gold testing multi-year highs, fueled by concerns over global economic slowdown and persistent inflation. The market witnessed a high degree of speculative activity, amplifying price swings. As the year progressed, gold's trajectory stabilized somewhat but remained elevated compared to historical averages. Central banks worldwide increased their gold reserves, reflecting its enduring value in times of uncertainty. This year's dramatic movements underline gold's role as a barometer for economic and political turmoil.
XAU/USD on the 1-hour chart has shifted its structure back into the established range, signaling a period of consolidation. With the Non-Farm Payroll (NFP) release on the horizon, there is a high probability of a liquidity hunt around the 2655 level. Traders should exercise caution and wait for clear confirmations before entering positions, as volatility is likely to spike during the NFP event. This could present opportunities for sharp moves, but patience and a well-defined strategy will be key to navigating these conditions effectively.
AlexGoldHunter BINANCE:ADAUSDT Technical Analysis and Buy Strategy for Cardano (ADA/USDT) Chart Analysis Current Price: $1.1866 Key Zones: Order Block: $1.25 Swing High: $1.1958 Swing Low: $1.15 Strong Low: $1.03 Volume Profile: Significant trading volume around $1.18 to $1.20, indicating strong interest and potential support/resistance. Technical Indicators: RSI (Relative Strength Index): Currently around 47.99, indicating neutral momentum. MACD (Moving Average Convergence Divergence): Shows a bearish crossover, suggesting potential downward momentum. Buy Strategy with Confirmations Identify Key Support Levels: Look for buying opportunities around the $1.15 support level, as it has been tested multiple times and held. Volume Confirmation: Ensure there is significant buying volume when the price approaches the $1.15 support level. This can be confirmed by a spike in the volume bars. RSI Confirmation: Look for the RSI to be in the oversold region (below 30) and then start to move upwards, indicating a potential reversal. MACD Confirmation: Wait for a bullish crossover in the MACD (the MACD line crossing above the signal line) to confirm upward momentum. Break of Structure (BoS): Look for a BoS above the $1.1958 resistance level to confirm a bullish trend. This would indicate that the price has broken above a key resistance level and is likely to continue upwards. Entry Point: Enter a buy position when the price is around the $1.15 support level with the above confirmations in place. Stop Loss: Place a stop loss slightly below the $1.15 support level to minimize potential losses in case the support does not hold. Take Profit: Set a take profit target around the $1.25 resistance level (Order Block), as this is a significant resistance area where the price might face selling pressure. By following this strategy and waiting for the confirmations, you can increase the probability of a successful trade. If you need further assistance or have any other requests, just let me know! ?
The moving averages with shadow function offer a timeframe to follow before major improvements in price. Right now Ethereum is jumbled up with the third blue line 150 variable moving average. This is not dissimilar to Bitcoin because Bitcoin does not follow such simple methods of indicator transcribing. This would look like the peak is reached according to the orange line and stepped yellow line crossing paths. The difference this time around compared to back in 2021 is in how the blue line is intersecting with those lines (orange, yellow, green) that rise when the price is reaching peak evaluation.
Bitcoin has been making big waves recently, and many are wondering: where is it headed next? I'll try to break it down step by step (NFA of course), combining technical insights and real-world factors to create a clearer picture. 1. Looking at the chart, Bitcoin’s price has been on a strong upward journey over the past few months. It’s already seen two major six-month periods of growth in recent years, each followed by a pause or a pullback. 2. Right now, Bitcoin is testing a key level near $99,500, a price many traders are watching closely. What Could Happen Next? Bitcoin is still in a strong position for long-term growth. While we might see a dip in the short term, it could be a great opportunity for a swing trade to $140,000, especially with more institutions and everyday investors entering the space. At that levels, we would be expecting a dip, if compared to the behavior of gold in past years. Gold, often seen as a safe haven during uncertain times, has shown similar U-shaped patterns where prices drop slightly before soaring higher. For now, patience is key. Stay tuned to global developments that could influence the next big move Why Is Bitcoin Movement as such? 1. Institutional Interest: Big financial players are diving into Bitcoin. Recent news about Bitcoin-focused exchange-traded funds (ETFs) has drawn massive investments. These ETFs make it easier for everyday investors to put money into Bitcoin without having to buy and store the actual cryptocurrency. 2. Global Trends and Inflation: Around the world, economic uncertainty is pushing people to look for alternative investments. Bitcoin is often called "digital gold" because, like gold, it’s limited in supply and isn’t tied to any government currency. This makes it attractive during times of inflation or when traditional markets are shaky. 3. Rising Popularity of the Network: Behind the scenes, Bitcoin’s network is stronger than ever. The technology powering it, known as the "hash rate," is at record levels, showing that the system is both secure and thriving.
https://www.tradingview.com/x/SiL1oHyj/ GBPCAD broke and closed above both a significant daily horizontal resistance and a falling trend line. The broken structure compose an expanding demand zone now. The market has a great potential to continue rising. Next resistance - 1.8 ❤️Please, support my work with like, thank you!❤️
SPY continues to respect an ascending channel but is currently pulling back from the upper boundary. The price action suggests a potential for further retracement or a bounce from support levels. With increasing selling momentum, tomorrow's session will be key to determining whether SPY maintains its bullish structure or breaks down. Here’s a detailed analysis and playbook for scalpers and swing traders. Market Structure Overview: * Trend: SPY remains in a bullish uptrend, trading within a clean ascending channel. The pullback, however, suggests short-term weakness. * Current Price Action: * The price has dropped below $606.22 and is heading toward the midline of the channel. * Selling volume is increasing, signaling bearish momentum in the short term. Key Levels to Watch: * Resistance: * $608.48: Immediate resistance at the recent high. * $612: Upper channel boundary, acting as strong resistance. * Support: * $602.43: First level of support, aligned with previous consolidation. * $597.32: Major horizontal support and the lower boundary of the channel. * $594.15: Critical support level if the channel breaks down. Liquidity Zones & Order Blocks: * Liquidity Zones: * Significant liquidity is below $602.43, with stops likely clustered near $600-$598. * Order Blocks: * Bullish OB: Between $597-$600, aligning with the lower channel boundary. * Bearish OB: Near $608-$610, where selling pressure has emerged. MACD & Volume Analysis: * MACD: Shows bearish momentum as the MACD line crosses below the signal line, indicating potential for further downside. * Volume: Selling volume is increasing, confirming the pullback, but watch for volume spikes near key support zones. My Thoughts on Tomorrow’s Direction: Tomorrow’s session will depend heavily on how SPY interacts with the $602-$597 support zone. Here’s what I expect: 1. Bullish Scenario: * If SPY holds above $602 and we see buying volume during the pre-market or early trading session, expect a bounce back toward $606-$608. A break above $608 could lead to a retest of the $612 upper channel resistance. * Catalysts such as positive economic data or strong tech sector performance could trigger this move. 2. Bearish Scenario: * If SPY fails to hold $602 and breaks below $600, we could see accelerated selling toward $597 and potentially $594. * Watch for increasing bearish volume and rejection near $602 on intraday tests to confirm a further move lower. 3. Key Indicator to Watch: * Volume: Rising bullish volume near $602 would signal a potential reversal. Conversely, increasing bearish volume below $602 could confirm further downside. Scalping Strategy: * Entry: * Long scalps at $602-$603 if the price shows signs of holding the support level. * Short scalps at $606-$608 if price rejects resistance again. * Exit: * For longs, take profits near $605-$606. * For shorts, target $600-$598. * Stop-Loss: * For longs: Below $600. * For shorts: Above $608.50. Swing Trading Strategy: * Bullish Play: * Wait for a bounce at $597-$600 support zone and enter long. Target $608, then $612 if momentum resumes. * Bearish Play: * If SPY fails to reclaim $606 convincingly, consider shorting with targets at $597 or lower. * Stop-Loss: * For longs: Below $597. * For shorts: Above $608. Game Plan for SPY Trading: 1. Pre-Market Prep: * Monitor overnight futures to gauge sentiment. * Mark $606 (resistance) and $597 (support) for intraday reactions. 2. Market Open Strategy: * Observe the first 15-30 minutes to confirm direction. * Look for rejection or bounce at key levels before entering trades. 3. Intraday Execution: * Use the ascending channel to guide entries and exits. * Keep a close eye on volume spikes for confirmation. 4. End of Day: * Close intraday positions and reassess swing setups based on the closing structure. Disclaimer: This analysis is for educational purposes only and is not financial advice. Always conduct your own research and trade responsibly.
On the 4-hour chart, USDCHF forms a head and shoulders top pattern. At present, we can pay attention to the resistance near 0.8800. If the rebound is blocked, we can consider shorting. Pay attention to the support near 0.8700 below. After breaking through, the support below is near 0.8620.
Going to pick up a $470 call into Feb FVG play trimming at %30 letting runners run and stops a $360
SBIN is in bullish trend.. On 15M chart sell SBIN if it close below 855... SBIN can bounce from 855.. so I will try to buy near 855.. if it closed below it I will exit from buy and will go short... !! Radha Radha !!