GOLD reach New ATH 3230-3250.. SELL LIMIT 3230 & 3248 sl 3260. TP 3100/3000/2990
On May 16, 2024 I wrote that gold was on its way to 3500 https://www.tradingview.com/chart/XAUUSD/c1zvWqU7-Gold-on-it-s-way-to-3500/ One year later gold is about to get there. Ideally it is going to hit the 2,618 extension at 3454. That value completes long term wave 3. Expect a deep and long wave 4 back to 1000
The U.S. Dollar Index (DXY) has recently breached the 100 level, marking the first instance of such a decline since July 2023. This development signifies a potential shift in the dollar's strength against a basket of major currencies. Market observers are now closely monitoring the index, particularly around the 99.3 mark, as some anticipate a possible rebound and upward trajectory from this level. The near-term performance of the DXY will likely be influenced by a variety of factors, including evolving macroeconomic data, shifts in monetary policy. SEYED.
Part of my ongoing analysis, see related ideas. We got a dip and a strong bounce EXACTLY where expected. Now testing the first major hurdle, a Golden fib at $3,222.15. Looking for a dip here soon, then find targets for re-entry long. ======================================================= Previous Analysis calling for $2964 dip to buy: https://www.tradingview.com/chart/XAUUSD/O8Y565ro-XAU-usd-watch-3100-possible-dip-to-2964-on-the-way-to-3322/ =======================================================
Unless you have been hiding in the rocks, most people would know what President Trump has done to the world at large. The social media is full of half truth, fake news and sensational news, to the advantage/motives of certain groups of people. That is why you always read it with a large dosage of salt, laugh it off and do your own critical thinking. I know is hard, afterall, this has not happened before, at least not in the presidency of US government thus far. Most of us feel like stepping onto quick sand, a wrong move could land you much deeper than you were previously. Seeing your portfolio growing from nice chunks of profits to bloody red , oh my God ! Yes, on hindsight, we wish we could have listened to the wise guru, Warren Buffett. Let's not get too far ahead and stay calm in this turmoil, volatile time. Deep breath........ And definitely do not lose sleep over money, health and family is more important ! Here, in the SPX 500 index, we are at a precarious position. After the 90 days pause, the market rally up but the fear remains and yesterday market proves itself. So, the first line of defence is the bullish trend line. If this breaks, then we are heading to the yellow support line. Now, this is no ordinary line, it is the weekly 200EMA indicator where in the past, each time it hits this level, the price action bounces up. Could President Trump knows TA, haha? Timing is near perfect ! Stay calm everyone ! Again, do not use margin to trade/invest no matter how attractive the market looks to you or you received a good tip from a friend. Stay with money you can afford to lose.
Ive always tried to KISS.(Keep It Simple Stupid) So i've color coordinated each pump of the VIX with each low of BTC and how it is a tall tale of an extreme volatile move coming. Trade safe and keep on keeping on fellow comrades.
load uppppppppppppppppppppp on this stock check the line
Current Price: around 1.956 USDT (bouncing slightly as of now). Support Zone: First Support: 1.821 USDT Stronger Demand Zone (highlighted in the blue box): 1.6215 to ~1.84 USDT Price might test this zone if the downward momentum continues. Could serve as a potential buy zone or accumulation area. - Watch for a breakout from the channel with strong volume for confirmation of a reversal. - A breakdown below the support box would invalidate the bullish outlook and could signal deeper downside.
Price action is > 1 standard deviation above either MA, and has been for weeks. Bullish conditions, expecting volatility to increase.
The price action has proven that the rally is here to stay......having broke up the resistance line yesterday ! Wait for a pullback and I believe the rally will continue........ Please DYODD