The Gold (XAU/USD) is falling towards the pivot which lines up with the 61.8% Fibonacci retracement and could bounce to the 1st resistance. Pivot: 2,873.49 1st Support: 2,839.87 1st Resistance: 2,917.79 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
The XAU/USD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 2835 2nd Support – 2797 ? Please hit the like button and ? Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Hello traders My TP at 1.0370 was executed on my long EUR/USD position. I have initiated a short EUR/USD position after Chair Powell's testimony this morning. He expressed confidence in the economy staying robust and that there is no rush to cut interest rates. The chart is my guiding light on a daily basis to determine which direction risk is heading. EUR/USD is heading down again after testing the daily breakdown at 1.0382. USD CPI tomorrow MAY reverse the tide again, so keep a close eye on all these asset classes. https://www.tradingview.com/chart/cIl9EJv4/ Best of luck all.
We could see price move back to rising trendline or previous ATH
In a January 6 report, Amanda Tan and Ling Lee Keng of DBS Group Research analyzed the impact of generative AI and other growth drivers on the semiconductor industry. They project semiconductor revenue to climb 30%, reaching $100.4 million in FY2025 and $130.6 million in FY2026. The analysts also emphasized GVT’s expansion into the wafer fab equipment market, which is eight times larger than the back-end semiconductor market, positioning the company for substantial growth opportunities. Looking ahead, GVT’s potential secondary listing on Malaysia’s Bursa could further elevate its market presence. With Bursa welcoming 55 new listings in 2024, GVT’s inclusion could bring additional momentum. Technical Analysis: Grand Venture underwent a prolonged consolidation below $0.60 before turning bullish upon breaking above this level. The trading buy target is set at $0.87, with mid-term targets of $0.93 and $1.06. Thank you
Based on 1)presidential cycles (post election cycle ) 2)overvalued conditions 3)quantitative data that shows 80% win rate for shorts on post election cycle years 4)bearish reversal candle
We should see an impulse move down during the London session, then a large reversal that will start the wave to 100k levels throughout this next week. BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD
$BTC.X CRYPTOCAP:BTC Bitcoin Next Target PT 68,455 (Rebuy late 2026) --> 200k (fm https://stocktwits.com/Market_HQ - Ultimate Market Maker) ? https://www.coingecko.com/en/coins/bitcoin **__TradingView Charting Script for accurate charting/PTs__**- https://market-hq.com/ (USE Codes: ROCKYMONTH and ROCKYYEAR and get 10% off TradingView Charting Script) https://stocktwits.com/Market_HQ and https://www.tradingview.com/u/market_hq/ https://stocktwits.com/Rocky369 and https://www.tradingview.com/u/BADQOMOCAWGOWLD/
swftc always dumps 70-78% before the next leg higher.. i wouldnt be bullish at 2c.. wait for cheaper prices.. next top 6-8c
Intraday Short-term Trade set up： Go Long from 95.34 Stop 94.38 TP1: 95.62 TP2: 95.81 TP3: 96.10