This next month will be interesting. It's generally been true that price below this 55 month EMA has been the best time to buy and hold. Also the base channel of the impulse wave assumed to be just finished has held since 2013 so any break below that would be relatively quick or else it would start to look like a bigger correction is a significant possibility.
Next week, we can expect the continuation of the trend. The technical analysis is fully explained in the chart, but what needs to be watched are the fundamental reports: Manufacturing PMI on Monday, (impulsive move) Tuesday nothing (correction move) Services PMI on Wednesday, (impulsive move) Jobless Claims on Thursday, (impulsive move) and NFP along with Fed Chair Powell's speech on Friday. (impulsive move) We expecting high volatility during news events. Trade what you see, not what you think.
OANDA:GBPCHF is currently approaching the lower boundary of the ascending channel, aligning with a key support zone where buyers may step in. This area has previously acted as a strong support level, suggesting that if the price confirms a bullish rejection, we could see a move higher toward the 1.13750 level, which represents a logical target for this setup. However, a break below this trendline would invalidate the bullish outlook and could lead to further downside. This setup reflects a potential bounce from channel support, in line with the prevailing uptrend. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments! ?
Q4 2024 is set to be very shiny for ANTM. Gold sales for Q4 only equals to 15 tons, meanwhile the first 9 months of 2024 amounts to only 28 tons. Additionally, nickel sales also jumped in the fourth quarter. Chart-wise, ANTM just finished its fourth wave yesterday, quite a steep drop. Volume during was really good from the first until the third wave, and it dried up on this current fourth wave. The target for ANTM is about 1750-1765.
Gold (XAUUSD) remains in a strong uptrend, adhering to the ascending trendline. Price is currently retreating to the critical demand zone around $2,800, which fits perfectly with the trendline support. ✅ Strong bullish momentum continues. ✅ Price is retracing to the high probability buy zone. ✅ Strong confluence of demand zone + trendline = potential reversal. ✅ Targeting new highs above $3,100 if support holds. ? Trading Plan: ? Wait for bullish confirmation near the demand zone before entering. ? Potential long entry around $2,800 - $2,820. ? Stop loss below $2,770 to protect capital. ? Target: New highs above $3,100!
SHELL/USDT – Strong Uptrend Analysis SHELL/USDT is currently in a strong uptrend, demonstrating sustained bullish momentum. The price has been making higher highs and higher lows, indicating continued strength. Based on the current market structure, I anticipate that the price will continue its upward movement in the near term. However, potential resistance levels could emerge at the mid-point of the channel or near the upper boundary, where selling pressure might increase. Traders should closely monitor these levels for potential reactions. As always, this is not financial advice. Conduct your own research (DYOR) and manage risk accordingly.
The bottom might in, we are finding wave 1-2 right now(don't know where it is)
? Current Situation: The price is sitting at a strong HTF support zone. Key Areas: ✅ Monthly Level: Multiple retests confirm its significance. ✅ GAP Zone: A liquidity gap that the market often fills. Primary Scenario: ? A breakdown to $1700 is possible, but if it occurs, it’s likely to be an HTF rebound with a monthly close above $2000. ? A bounce from current levels without a deep test is also possible, given the strength of the support. Key Levels: ? $2000 – Potential bounce zone and a key level for the monthly close. ? $1700 – The maximum liquidity sweep before a recovery. ? Takeaways: ⚡️ A great long-term buying opportunity – price is at support, downside risk is minimal, and the upside potential is significant. ⚡️ Critical Scenario: If the market breaks $1700 and consolidates below, a reassessment of strategy is needed. ? Conclusion: There’s no confirmed reversal signal yet, but this zone could mark the bottom before a new bullish impulse. ?
WOW, that was quite a rollercoaster ride to end the week & month for gold and stock markets. No breakout confirmed = No Capital Rotation Event Another lesson to never front run what looks like an imminent break out!
? Current Situation: The price has reached the 1D OB cluster, a key support zone at $0.38 - $0.325. A local level has formed, and LTF structure suggests a potential bottom. ? Trading Plan: ? Buy Zone: $0.38 - $0.325 – a critical support area. ? Targets: First resistance at $0.65, with a possible retest and pullback in March. ? Stop-Loss: Below $0.325 – a breakdown of this level invalidates the scenario. ? Justification: ✅ 1D OB Cluster: A strong demand zone with notable buyer activity. ✅ Potential Rebound to $0.65: A classic consolidation phase before a trend movement. ✅ Technical Structure: A tightening range is forming, suggesting an accumulation phase. ? Conclusion: BINANCE:ENAUSDT looks promising for a spot entry, but a potential retest of the lows should be considered. Current levels offer an optimal risk/reward setup, but confirmation of a reversal is essential before entering.