We see this HTF supply zone that we've been rejecting off of and creating LTF liquidity for a deeper demand grab. Essentially sellers are setting up for a push below the $48 neckline - to bring new buyers in for a potential HTF break of $55. We go down, to go further up. Right now, sellers are driving price up in order to add to our seller pool and bring price further down. Looking for confirmations of rejection and selling volume to enter shorts here. Happy Trading :)
XAUUSD is declining after falsely breaking the resistance level of the range. The fundamental backdrop is mixed and still does not allow for the formation of a clear mid- to long-term strategy. Trump's policies are creating new risks. Before taking office, he signaled the possibility of raising tariffs globally (on Canada, Mexico, Europe, China, and BRICS countries). Increased geopolitical risks are also affecting metal prices. On the backdrop of a strengthening U.S. dollar and expectations that the Fed will cut interest rates, gold prices are falling, confirming the bearish structure of the market. The market's attention is focused on the U.S. ISM Manufacturing PMI index. Technically, the price is breaking below the ascending support line as well as the 2636 level, indicating a dominant bearish sentiment. A correction is forming, and we should pay attention to resistance zones, liquidity, and key imbalances. Resistance levels: 2636, 2650 Support levels: 2622, 2618, 2605 A retest of the broken structure and the previously significant levels is forming. A false breakout of the 0.5-0.7 Fibonacci retracement (retest) could trigger aggressive selling due to the newly strengthened U.S. dollar. However, globally, gold is still within a sideways range without a clear trend. ?SELL XAUUSD | 2651 - 2652 ⚰️SL: 2656 ⬆️TP1: 2644 ⬆️TP2: 2639 ?BUY XAUUSD | 2580 - 2581 ⚰️SL: 2575 ⬆️TP1: 2586 ⬆️TP2: 2591 This concludes the article. Best wishes for a healthy, joyful, and happy weekend.
Here we are once again pushing the 100k level as Bitcoin attempts to break resistance. As I mentioned last week I am bullish for 130k and am positioning for this move. From a technical standpoint on the weekly, we have a nice inside pinbar which is generally a continuation sign. For a trade to be active would need to take out the high of the candle. Will be posting the trade shortly in our group. If you read my last post I mentioned you could buy some here and if it pulls back to 90k buy some more. Maybe a couple of you caught that dip, but you would have had the balls to just step in. https://www.tradingview.com/x/EKiL9Vq6/ On the daily there was never a setup to go long on the dip, so you would have had to look at smaller time frame charts which simply are not as reliable as the daily or weekly. This is why I stick with the weekly for the most part. Too small a time frame equals too much noise, and noise is not good. However if you have a week of price information, you are clearing out a lot of the noise. Now we are getting some consolidation after the dip, and I would not be surprised to see another dip as a retest of 90k, but don't count on it. This market is bullish and you want to stick with the bull side of trading here. As for alt coins, few are interesting here, I am going to take a look at some for trade ideas, but I am really only interested in Bitcoin. They had their chance to knock off the king, you get one chance, and other than DOGE I am not really interested. Now stocks, I think the honeymoon is wearing off and I will post some updates in the group. Good luck and Hope everyone had a great Thanksgiving!!!
Big Picture: WTI Crude Oil Futures prices have been largely range-bound for most of 2024 with yearly low of 62.54 and high at 81.75 defining the trading range. Analyzing the Composite Volume Profile since January 2022 reveals that 2024’s price action has been contained within the Composite Value Area High (CVAH) at $79.91 and Composite Value Area Low (CVAL) at $63.57 We further note that while there are many bearish and bullish analyses for crude oil floating from different market analysts, market auction theory and charts point towards further range bound price action for December 2024 and foreseeable 2025 ahead until proven otherwise. OPEC+ meeting is scheduled to take place on December 5th, 2024. It was previously planned to take place on Dec 1st, 2024. The change accommodates the Kuwait Summit, with Saudi Arabia and its allies expected to discuss production quotas—a decision that could influence market dynamics. Additionally, U.S. crude oil production in 2024 has reached record-high levels. Geopolitical issues have not had a major impact on Crude prices as prices remain range bound. Intraday volatility remains amidst geopolitical uncertainty. WTI Crude Oil Key Levels: CVAH : 79.91 CVAL : 63.57 2024 Yearly Mid : 72.15 2024 Yearly Lo : 62.54 2024 CVAH : 75.60 2024 CVAL : 66.97 Market Scenarios: Short Term Resistance (2024 Mid and CVAH) : Price movements toward the upper range (CVAH at $79.91 or $75.60) could signal buyer exhaustion, with limited upside momentum expected. Short Term Support (CVAL and Yearly Low) : Movements toward lower levels (CVAL at $63.57 or $66.97) may indicate seller exhaustion, preventing a significant breakdown. As crude oil remains range-bound, traders should monitor these key levels and the OPEC+ meeting outcomes for potential catalysts. Until then, the market appears set to maintain its current trading range. Disclaimer : The views expressed are personal opinions and should not be interpreted as financial advice. Derivatives involve a substantial risk of loss and are not suitable for all investors.
Nachhaltigkeit ist kein Buzzword, denn unser Planet geht uns alle etwas an: ein Überblick über die Innovationen der nachhaltigen Landwirtschaft von Dyson
Ebury has announced the opening of its Dublin office to focus on serving SMEs, which represent 99.8% of all enterprises in Ireland.
French political instability pressures EUR/USD, heightens investor risk aversion, and impacts European equities, with potential ripple effects across Germany.
Tesla has revealed an app designed for the Apple Watch and says it should be live by next week. The Tesla app for the Apple Watch will do much of what the smartphone app does – it doubles as a key, can open up the trunk or the frunk, activate climate control, and show battery […] © 2024 TechCrunch. All rights reserved. For personal use only.
A fintech from Ivory Coast — part of one of the most economically challenged and financially fragmented regions in the world — has raised funding for an ambitious goal: to become the ‘Stripe for Francophone Africa’. HUB2, as the startup is called, already works with some 55 neobanks, payment companies, remittance companies and cryptocurrency providers, […] © 2024 TechCrunch. All rights reserved. For personal use only.
Blizzard is delisting Warcraft I and II from GOG, the only PC gaming storefront the real-time strategy classics were available on outside of the company’s own Battle.net launcher. The move comes after the recent launch of its own expensive and lackluster remasters of the two games, but GOG is using that now-standard…Read more...