⭐️Fundamental analysis Optimistic comments from the White House and Canada, along with news that enough Democrats have voted to avoid a US government shutdown, have boosted investor sentiment. However, gold's gains were capped by a stronger US dollar, which was bought for the third consecutive session. However, expectations that the Fed will cut interest rates multiple times this year could limit the strong recovery of the US dollar. In addition, concerns about former President Trump's tough trade policies and their impact on the global economy continue to support gold prices. This suggests that any correction in gold could be a buying opportunity, helping the precious metal maintain its upward trend for the second consecutive week. ⭐️Technical analysis any pullback today is considered a reasonable buy 2970 is the area where the European session Gold can find deeper and 2953 are the two BUY zones today. The sell zone is still noticeable around the 3000 round resistance and the 3015 border is considered resistance today. When gold has ATH, the FOMO is very high, so this is a difficult time to trade. Pay attention to volume and good capital management.
Hello Traders ? In this idea, I want to talk about the ETH/BTC chart, because in my opinion, ETH is already heavily oversold, and this signals a massive upward move coming for ETH. ? Also, I've brought solid evidence showing that whales are silently accumulating ETH, just like they did when ETH was around $ 4000 — while right now, we are sitting at the very bottom of the cycle, far from the previous ATH. ? https://www.tradingview.com/x/8u6TVOK9/ Take a look at this CryptoQuant chart, showing the ETH balance of whale wallets (10K - 100K ETH): ? My Analysis: As you can see, whales have been silently accumulating ETH since early 2023, while the price (white line) has been consolidating. ? This exact same pattern happened in 2017 and 2020 before Ethereum's major bull runs. ? What does this mean? ✅ Whales always accumulate before the big move happens. ✅ This is a strong signal for an upcoming ETH breakout. ✅ We are currently at the bottom of the ETH/BTC chart, which gives the highest risk/reward opportunity right now. In my opinion, Ethereum will be one of the best-performing assets in this bull cycle. ?? Don't miss it. ? ? KIU_COIN ?
❤️ THIS POST AND I WILL SHARE NEXT pair $TRUMP are now freely tradeable on the blockchain. On July 13, 2024, President Trump faced death and came up fighting ANY THOUGHTS ON $TRUMP ?
Hey traders! 4-hour timeframe: Price action consolidating within a descending triangle formation. A short trade opportunity presents itself as price approaches the upper resistance of the pattern, targeting the lower support range. Potential downside: approximately 14%. Happy trading
Pairs on Watch - FX:EURAUD FX:GBPUSD FX:EURUSD A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
Following Price IOF we consider selling GU to clear SSL which is structural liquidity
Using one of my trade ideas today....GBPNZD BUYS... I will illustrate how to find high probability entry levels and the criteria that must be met in order to enter the trade...check it out
The E-mini S&P 500 futures contract ( CME_MINI:ES1! ) exhibited a liquidation profile (Profile A), characterized by two distinct distributions. The subsequent session (Profile B) formed a balanced profile and remained entirely below the lower distribution of Profile A, indicating continued bearish sentiment. Profile C emerged as a short-covering profile, with its upper boundary testing the high of Profile B by a minimal margin. Both Profile B and C exhibited trading activity around the lower distribution of Profile A without breaching its low. Profiles A, B, and C established a base at the C Line, identified as a longer-term support or demand zone. Yesterday's session (Profile D) also presented a liquidation profile, briefly trading below the C Line before recovering and maintaining balance around this level. The market demonstrates reluctance for further downside, with lower prices consistently triggering short-covering rallies rather than initiating new selling. Even though Profile D traded lower, it did not exhibit significant selling conviction. Given the prevailing geopolitical risks, including the ongoing tariff disputes and the unresolved Ukraine-Russia conflict, further liquidation during today's Regular Trading Hours (RTH) remains a possibility. However, sustained buying interest above the balance of Profile C, driven by short covering and new long positions, would indicate a potential shift in market sentiment towards accumulation on a higher timeframe. The market's behavior during today's RTH session will be crucial in determining the next directional move.
After yesterday’s expansion move up, making higher highs, we are now looking for shorts targeting the Previous Month’s High (PMH) at 2955 and the 2935-2940 range (50% Daily retracement). - Narrative: Possible expansion to retracement - Current Price Action: Manipulation of yesterday’s high + lower timeframe break suggests shorts may be in play. Refer to the video for a detailed breakdown. #PipsnPaper #TradingView #XAUUSD #PriceAction
This chart shows a price movement within an ascending channel, followed by a bearish breakdown. Here's the analysis: Analysis: 1. Trend: The price was moving within an upward channel but recently broke below the lower trendline. 2. Breakout: A bearish breakout occurred, indicating a potential downtrend. 3. Trade Setup: Short Entry: Around 2,982.270 (breakout level) Stop Loss: Around 2,990.286 (previous resistance) Take Profit: Around 2,972.029 or lower (support level) Signal: Sell/Short: If the price stays below 2,982.270, it suggests bearish momentum. Stop Loss: Above 2,990.286 to minimize risk. Target: 2,972.029 or lower.