The PEAD projected a bullish outlook for NYSE:LLY after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 81.82%.
My analysis show that bears have the upper hand as the changed the trend a bit by breaking below the CHoC and currently the price is now in a range between support and resistance Since bears had a potential market control we can assume that the range is likely to be broken below(support) all the way to the Demand level and this will confirm bears are in control of the price and we should look for selling opportunities so all in all wait for a break below before entering, market confirmation is important
Market Overview Gold prices have shown a period of consolidation around the $2,916 level, following an earlier upward movement. However, based on technical analysis, we at Brokerir believe that the price is likely to experience a downward correction from $2,914 toward the $2,875 level. If bullish momentum resumes and price breaks above $2,930, this bearish outlook would be invalidated. Key Levels to Watch • Support: $2,875 (Target support zone) • Resistance: $2,930 (Invalidation level) Technical Indicators & Price Action MACD (Moving Average Convergence Divergence) • The MACD histogram is currently showing a slowdown in bullish momentum, which indicates weakening buying pressure. • A potential bearish crossover may confirm a downside move. Price Structure & Trend Outlook • The price has formed a short-term lower high, suggesting that buyers are losing control. • If selling pressure increases, the price is likely to move toward the $2,875 support zone. • Any sustained move above $2,930 would indicate that bearish momentum has failed, leading to a continuation of the uptrend. Conclusion Gold is at a critical juncture, and Brokerir’s analysis suggests that a move lower toward $2,875 is the most probable scenario. However, a break above $2,930 would invalidate this view and could lead to further upside. Traders should monitor price action carefully to confirm the next move. This analysis is based on technical data and is for informational purposes only.
Running some calculation vs inflation and I see a bright future for gold Long Term.
META is running since August without a major correction. It is time to, isn't it? If this week will end tomorrow without a new high and perhaps the star will remain to shine we may see even a major downward correction.
Putting aside my personal beliefs on the current state of the economy (bad inflation and job figures for January combined with looming potential tariffs), The Nasdaq tape reads very bullish breaking out of this tight wedge formation (blue), if it can hold this breakout and continue to move upward, I believe we have a nice bull rally play to go long.
Hey there on 1HTF Gold looking for there support area from 2901-2905 continue go upside and we will see next ath record 2940 or touch 2950 if the price decline ath record than maybe we can see 2980-2988 and if the price continue push upside we may also see 3000 But the price is now moving between 2900 to 2920 so now we can see a clearly break this trend and may see some bullish candle to reach tomorrow 2940 Further downside we have seen on cpi news has touched 2865 and then continue rise upside so if the breaks downside resistance from 2896 we may be able to continue see downside level 2888-2879-2875-2870-2865 and also we can see 2860-2855
Those are the upsloping support levels to watch for
ZScaler has broken out of the daily trendline and back-tested the trendline yesterday and held it. Todays price action is also nice watching it holding it above the 205 level As long as it holds 205 level on a daily closing basis, I believe we will see 215/220 prior to Earnings which are due in another 3 weeks. SL - < 205 on DCB basis T1 - 215 T2 - 220
As we can see Price respected the Demand level and changed directions Our CHoC was broken and price kept making new Higher highs and higher lows to confirm that buyers/bulls are in control of the Market and signifies an uptrend We have a new higher high that the price looks like it'll break through it and that will confirm the volume of the bulls is high, also our weak low shows how our Bears are inferior The best choice would be to wait for a breakout of the recent Higher high and place our buy entries after, as this would have confirmed buyers are in total control and would give us more winning opportunities If somehow the market breaks the Solid low then this invalidates bulls and show that bears are in control.