Variety of technical analysis tools point at two week upswing. Nothing is ever certain but this has a more than 50% probability with a more than 1.5 to 1 R. If you can trade at an average of 1.2R and 52% win rate you should go look at the math on that. Then compound that and you'll be astonished.
OANDA:XAUUSD have leveled off after a series of record increases, ending the week below 2,900 USD/oz due to strong profit-taking activities. The main reason is that geopolitical tensions in Eastern Europe have eased, reducing the need for safe havens. President Donald Trump had a phone call with Russian President Vladimir Putin about ending hostilities in Ukraine and suspending tariffs until a review is completed in April 2025. Gold prices may continue to adjust in the short term, but in the long term, safe haven demand due to economic instability and trade war will push prices up. In addition, central banks stepped up gold purchases, with more than 1,000 tons in 2024 - much higher than the average level in the 2010-2021 period, contributing to supporting the rise of gold. China launched a pilot project allowing 10 insurance companies to invest up to 1% of assets in gold. It is forecast that these companies can buy up to 28 billion USD of gold (about 300 tons), accounting for 6.5% of annual physical gold demand, contributing to boosting the market. SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK: Tuesday: Empire State Manufacturing Index (economic index measuring business conditions of the manufacturing industry in New York state, USA. This index is announced monthly by the US Federal Reserve (FED) New York branch, based on a survey of manufacturers in the region). Wednesday: US housing data (New homes and construction permits), FED meeting minutes. Thursday: US Weekly Jobless Claims, Philadelphia Fed Manufacturing Survey. Friday: S&P Flash PMI, US Existing Home Sales https://www.tradingview.com/chart/XAUUSD/5lA8ZIja-GOLD-heads-towards-all-time-levels-with-a-more-positive-outlook/ ?Technically, on chart D1, after surpassing the peak at 2790, the gold price increased another 150 and tends to adjust again. Currently, the support level to pay attention to is around the dynamic resistance level as well as the hard resistance level at 2790, while the resistance level is set around 2942. Next week, if the gold price maintains the trading level above the 2800 threshold, it is expected that the momentum will increase to set a new record high price. In case the price declines and adjusts too deeply, there is a risk that the gold price will be subject to downward selling pressure. Notable technical levels are listed below. Support: 2,881 – 2,857USD Resistance: 2,900 – 2,942USD SELL XAUUSD PRICE 2951 - 2949⚡️ ↠↠ Stoploss 2955 BUY XAUUSD PRICE 2789 - 2791⚡️ ↠↠ Stoploss 2785
? CRYPTOCAP:BTC.D Turning Bearish CRYPTOCAP:BTC.D is overbought and starting to turn bearish. Influencers are hyping up an alt season, but don’t fall for the FOMO. ⚠️ Reality Check ✅ CRYPTOCAP:BTC.D dropped 2%, but altcoins barely moved. ✅ A small pump happened, but retail investors are not buying in. ✅ Many alt holders are selling to avoid further losses. ? Where's the Money Going? ? CRYPTOCAP:BTC dominance is decreasing, but funds are flowing into CRYPTOCAP:USDT and stocks, not altcoins. ? Technical Outlook ? MACD & RSI indicate some potential in strong altcoins. ? A flash crash in CRYPTOCAP:BTC could wipe out altcoin gains. ? Major resistance at 60% may trigger a bounce, keeping alts suppressed. ? If the descending channel breaks upward, CRYPTOCAP:BTC.D could hit 64%, leading to a 20%+ crash in altcoins. ? Trading Strategy Recommendation ✔️ Day trade: Buy support, sell resistance, target 5-10% gains ? ✔️ Avoid leverage: Too risky in this market ⚖️ ✔️ Monitor MACD, RSI, and economic news for signals ? ❌ Holding is NOT recommended in these choppy conditions. Be cautious, take profits, and stay ahead of the game. ?
FIRO ~ 1W Analysis #FIRO This is the lowest support block for now. Buy from here if you still have a Conviction on this Coin with a target of 20%++
Another week of continuation in bullish price action and Gold managed to book new all-time highs @ $2,942 per oz. Many investors and traders are speculating the price of Gold by the end of the year could reach $3,000 but I believe our dreams may come true sooner than expected. Expect short term retracements to immediate imbalances in price action on the daily timeframe but in the grand scheme of things, It's up up and up!
Hello all. DXY is on down trend and will go bellow 100. but it needs correction to go lower. today probably the first correction will happen, because market break the Important Low Structure. This idea will update Step-by-Step (wink)
Soon (early Q1), wen Hybrid going live on Mainnet - BIST:OTTO will have several use cases, which in turn will have bullish factors for price increases. It is necessary to break resistance for the price returns to the trading levels of a week ago. Minimum growth will be about 50%
We had alot of consolidation and bounced of a key order block
#Nifty50 For education Gap up Open 23012 above 15m hold after positive trade targets 23170, 23370 Gap up Open 23012 below 15 m ragistance not brake after nigetiv trad targets 22738, 22660 Gap down open 22660 above 15 m hold after positive trade target levels 22738 23012 Gap down open 22738 below 15 m not break up side after nigetive trade targets 22660, 22488 More details in chart
Here we are, again, at an all time high on index, not full breadth in my opinion. I am only trading options on break and retest, or momentum, or mean reversions. Those are my base plays for risk on. Are we heading for a blow off top to the top of the channel into a 5-10-20% correction? Is is a bull trap? Is it a blue sky breakout? End of February, ???