on continuation market is looking Bull and we are in correction phase so we suggest to from clear structure for continuation Uptrend market
GOLD 1H Chart – 10th Feb 2025 Dear Traders, Here’s our updated 1H chart analysis, highlighting key levels and targets for the week. Gold is currently trading between two weighted levels, with a gap above 2892 and a gap below 2866. A confirmed EMA5 crossover and lock above or below these levels will signal the next trading range. Until then, expect price action to test these levels repeatedly. Our strategy remains focused on buying dips while tracking key weighted levels to identify potential bounce opportunities. Resistance: 2892 Support & Goldturn Levels: 2866 & 2852 (Critical Weighted Levels) 2837 (Major Support) 2802 - 2817 (Retracement Range) 2747 (Swing Range) EMA5 (Red Line) Analysis: * Currently between 2866 and 2892, indicating bullish momentum. * EMA5 positioning will be crucial in determining the next trading direction. Bullish Targets: EMA5 cross and lock Above 2892 → will open the following bullish Target 2918 EMA5 cross and lock Above 2918 → will open the following bullish Target 2942 EMA5 cross and lock Above 2942 → will open the following bullish Target 2963 Bearish Targets: EMA5 cross and lock Below 2866 → will open the following bearish Target 2852 EMA5 cross and lock Below 2852 → will open the following bearish Target 2837 EMA5 cross and lock Below 2837 → will open the following bearish Target 2817 EMA5 cross and lock Below 2817 → will open the following bearish Target 2802 (Retracement Range) EMA5 cross and lock Below 2802 → will open the following bearish Target 2747 (Swing Range) Trading Strategy: ✅ Maintain a bullish bias and buy pullbacks. ✅ Avoid chasing tops; buy dips from key levels. ✅ Use smaller timeframes for pullback entries at Goldturn levels. ✅ Target 30-40 pips per trade for effective risk management. Trade smart and stay updated with our daily insights! Support us with likes, comments, boosts, and follows! ?? The Quantum Trading Mastery
Buying Condition-- If Weekly Candle closes above 0.015 Stoploss Condition-- If Weekly Candles closes below 0.015 Just Very Simple Myth Targets are shown in the graph with Red lines TP-01 and TP-02
Good morning Dear Traders! Join me for the first Nasdaq market analysis for the week. Share your charts, ask questions, and let's discuss trading strategies.
UsdZar is set to sell for some time. Make sure you catch the ride. Quite interesting how the current political tensions between the US and South Africa are having the opposite effect on ZAR. Side note: make hay while the sun shines, soon you'll be paying for this.
Hello traders In the words of Marie-Antoinette, "let them eat cake" is where I believe the Trump administration will take us. It will not take four years before his Nationalist, America first doctrine will leave us all much worse off than before. He won the election, as I have believed he would, on exaggerated immigration issues but above all, "the economy, stupid, the economy". Despite record employment and GDP growth, inflation has not cooled down to pre 2020 levels. Will Trump lower prices for consumers? Don't think so. He is lashing out at International trading partners instead of taking a good look at the US Corporations that are still benefitting from his last tax cuts and inflated prices. The major Indices reflect that windfall. Let us take a look at the low hanging fruit of international trade before the price and inflation issues that have affected the American consumer. ustr.gov/countries-regions/europe-middle-east/europe/european-union All statistics regarding global trade are provided by the United States government in the link above. I guess we are all dodging the tariff bullets ricocheting around the globe.Hello traders In the words of Marie-Antoinette, "let them eat cake" is where I believe the Trump administration will take us. It will not take four years before his Nationalist, America first doctrine will leave us all much worse off than before. He won the election, as I have believed he would, on exaggerated immigration issues but above all, "the economy, stupid, the economy". Despite record employment and GDP growth, inflation has not cooled down to pre 2020 levels. Will Trump lower prices for consumers? Don't think so. He is lashing out at International trading partners instead of taking a good look at the US Corporations that are still benefitting from his last tax cuts and inflated prices. The major Indices reflect that windfall. Let us take a look at the low hanging fruit of international trade before the price and inflation issues that have affected the American consumer. ustr.gov/countries-regions/europe-middle-east/europe/european-union All statistics regarding global trade are provided by the United States government in the link above. I guess we are all dodging the tariff bullets ricocheting around the globe. We all know it is a page from the classic Trump playbook of making threats to get what he wants. He has already backed down from threats against Colombia, Mexico and Canada. He effectively threatened to nullify the legally binding trade agreement that he had put into place with Mexico and Canada in the first place. Say what? Que? Quoi? Or in American English WTF??? In a way, it is almost a French farce play with doors opening and closing to further the storyline. Japan very deftly dodged the tariff threat by having a face to face meeting with Trump before any threats could materialize. The UK has a very well balanced two way with trade with the US mostly holding a trade surplus with the UK. And then, the European Union. The US has a trade deficit on goods: think luxury vehicles, great French wines, delicious cheese, other agricultural goods. During Trumps' last term, the EU retaliated against Trump's tariffs with tariffs on American Whisky, Harley Davison etc. The US has a services surplus with the EU. The EU has already committed to buying more energy from the US since the Ukraine/Russia war has disrupted the flow of natural gas and oil from Russia. But can the US deliver on providing more of the EU's energy needs. Well, Trump will have to, 'drill baby, drill" since the US is running at capacity since fracking collapsed during Covid-19. WTI hit a low of S11 and has since recovered to treading water under $80. Therefore, it appears that Trump's tariff threats may not have all that much impact on the EU. And do not forget about the European wall of NATO guarding us against the Russian invasion threat. And just for the hell of it, say, the European Union blocks the Netherlands from providing ASML lithographic machines to the USA, which is hell bent on winning the AI war. No ASML, no NVIDIA chips. Just saying... The technical side also suggests that the Euro might have found a base above 1.0200 and is ticking higher again. Do not forget, the Euro is also a member of the Elite Club of safe haven currencies: JPY, CHF, USD and EURO. While the USD has the advantage of higher interest rates and the promise of higher inflation caused by tariffs, the EURO has the second highest rates of the four safe haven currencies. The member countries of France and Germany are also going through some political upheaval but not to the extent that it will threaten the stability of the EURO. On a balance, I believe the Euro may appreciate against most of the majors despite the tepid economy. Which leaves China: Why is Trump so quiet about tariffs on Chinese goods and the country with the biggest trade deficit of all??? I am speculating but the surplus of Chinese goods sold in the USA find their way through our S&P 500 companies, like Walmart, HomeDepot etc... And be assured, those CEO's have access to the inner circle of Trump. So does Miriam Adelson , the megadonor casino heiress who happens to own casinos in Chinese controlled Macau. Our USA tech bros' have also cozied up to Trump but that is more about local regulations than anything else. The ultimate threat for us as low/medium/high income Americans, will be to what extent Trump inflates our already insane national debt and NOT the aforementioned trade hiccups. The 1% will still be cruising around in luxury German cars on their way to swirling a 50 year old Bordeaux in their finest crystal glasses and nibbling on French cheese and foie gras. But hey, tomorrow is another day, another new development, so keep the trading sizes realistic and the stop loss levels tight. Above all, do your own research. This is just my two cents on a very complicated global quagmire that I believe, as an American citizen, will affect us negatively for the next four years. Best of luck.
SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures (“SGX IO Futures”) rose last week, closing USD 2.25/ton higher by 07/Feb (Fri). https://www.tradingview.com/x/j9TBTqco/ SGX IO Futures opened at USD 105.05/ton on 03/Feb (Mon) and closed at USD 107.30/ton on 07/Feb (Fri). Prices briefly touched a weekly high of USD 107.50/ton on 07/Feb (Fri) and a low of USD 102.00/ton on 03/Feb (Mon). It traded in a range of USD 5.50/ton during the week, which was wider than the prior week. Prices traded between the pivot point of USD 105.35 and S1 point of 103.85 throughout the week, crossing the R1 point of USD 107.20/ton on Fri and closing above it. Volume peaked on 07/Jan (Fri) with volume increasing significantly compared to the previous week levels. Iron Ore Fundamentals in Summary Dalian iron ore futures reached a four-month high, posting strong weekly gains. The recovery was driven by steel mills resuming production, increased activity in the property sector, and rising Chinese equities after the Lunar New Year. China filed a WTO complaint against new U.S. tariffs and urged dialogue. While trade tensions remain a concern, steel-related commodities continued to rise, with steelmaking ingredients and Shanghai Futures Exchange benchmarks posting strong gains. Iron ore futures rebounded as a softer U.S. dollar (-0.4%) made commodities more affordable for global buyers. Additionally, Rio Tinto cleared ships from Western Australian ports due to cyclone threats, adding a risk premium to prices. China's port IO stockpiles rose by 4.63 million tons (+3.19%) WoW to 149.91 million tons for the week ending 07/Feb per MMI data. Based on seasonality, SGX IO Futures Mar contract trades 17.3% below its last 5-year average (USD 125.16/ton). https://www.tradingview.com/x/GZoFAeSd/ Short-Term Moving Averages Signal Bullish Trend, But Correction Looms Formation of a golden cross on 17/ Jan (Fri) followed by upward trend for three weeks indicating that the bullishness may sustain in the near term. Prices are trading above both the short-term moving averages. https://www.tradingview.com/x/17bU25nP/ Long-Term Averages Indicate Convergence of Moving Averages IO prices crossed and closed significantly above the 200-day DMA. Signaling a strengthening bullish trend as prices beats the 200-day DMA, with a probability of convergence between long-term moving averages. https://www.tradingview.com/x/nQBie3zL/ MACD Signals Bullish Momentum; RSI Inching Towards Overbought Zone The MACD signals a positive momentum starting from 14/Jan with growing bullishness observed last week. Meanwhile, the RSI is at 65.08, is inching towards the overbought zone and it hovers above the midpoint, with its RSI-based moving average at 60.97. https://www.tradingview.com/x/Ca1Ym05m/ Volatility Rose, Price Closed Above 50% Fibonacci Level Volatility gained upward momentum late in the week. Prices traded between the 38.2% Fibonacci level (USD 103.10/ton) and the 61.8% level (USD 107.62/ton), closing below the 61.8% Fibonacci level. Going forward, 61.8% Fibonacci level (USD 107.62/ton) may act as resistance, with 50.0% Fibonacci level (USD 105.36/ton) as support. https://www.tradingview.com/x/PTmDu8ik/ Buying Pressure Intensified, Price Trading Near the Upper-Bollinger Bands Buying pressure has intensified in the later part of the week according to the Accumulation/Distribution (A/D) indicator. The price is trading between the upper-volume node and basis-volume node, closing the week near the upper-volume node. https://www.tradingview.com/x/KRBsza3W/ IO Prices Rise Towards CNY & Then Decline Thereafter Between 2021 & 2024, SGX IO futures prices have risen leading up to the Chinese New Year before tapering off ten trading days after the holiday. Prices declined before & after CNY holidays only in 2024 while prices continued to rise even after CNY before falling sharply in 2021 & 2022. A similar trend was observed in the ten-day period leading up to CNY 2025. https://www.tradingview.com/x/RqHqthbR/ IO Futures Only Aggregate Exposure Financial Institutions (FIs) are net long with 136.6k lots across all futures expiries. Managed Money participants, Physicals participants and Others are net short with 15.5k, 103.5k and 17.3k lots respectively across all futures expires. Managed Money decreased net short positions, Physicals increased net short positions while FIs decreased net long positions last week. Overall futures open interest was 1,179,418 lots as of 31/Jan stood at lots (-3.5%) while it was 1,222,981 lots as of 24/Jan. https://www.tradingview.com/x/md3JmUYP/ Source: SGX IO Futures & Options Aggregate Exposure Financial Institutions (FIs) are net long with 133.2k lots across all futures & options expiries. Managed Money participants, Physicals participants and Others are net short with 7.0k, 106.9k and 19.2k lots respectively across all futures and options expires. Managed Money decreased net short positions, Physicals increased net short positions while FIs decreased net long positions last week. Overall futures and options open interest was 1,421,263 as of 31/Jan stood at lots (-5.2%) while it was 1,499,318 lots as of 24/Jan. https://www.tradingview.com/x/2qIGX5Zx/ Source: SGX Historical Futures Aggregate Exposure by Market Participants Physical participants have switched from net long to net short over the last three weeks. Managed Money participants have maintained net short positions for the past month. Financial Institutions continue to hold net long positions since the second quarter of this year. https://www.tradingview.com/x/PoOAICHM/ Source: SGX Hypothetical Trade Setup Prices are currently trading above short-term moving averages and significantly above both long-term moving averages, hovering near the upper Bollinger Band, which suggests potential resistance at these levels. Historical trends indicate a pattern of price declines in the last three days of the 10-day period following the Chinese Lunar New Year, a movement that could potentially repeat this year. While managed money participants have reduced their short positions over the past two weeks, signaling a more optimistic outlook, we take a contrarian view and recommend a short position strategy this week, anticipating a potential price correction from current levels. The hypothetical trade setup involves entering a short position at USD 107.6/ton with a take profit level at USD 104.3/ton combined with a stop loss at USD 109.0/ton resulting in a 2.35x reward-to-risk ratio. https://www.tradingview.com/x/N5dNxkDG/ DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. 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Over the past few months, Ethereum has been a disappointment for bulls, struggling to maintain momentum. Despite Bitcoin testing its all-time highs, COINBASE:ETHUSD has consistently rolled back from the 4K resistance, forming lower highs along the way. Bitcoin’s recent drop to $90K triggered a sharp decline in ETH, pushing it down to the critical $2.1K support zone. While the price is currently rebounding, I believe this recovery will likely turn into another failed rally. My bias remains bearish on ETH/USD as long as the price stays below $3K. I’m looking to sell rallies into that zone. Only a sustained breakout above $3,200 with strong buying pressure would invalidate this bearish outlook.
I believe it can go up until the next 2h band , if it comes down here i go long from here..
On a 1D timeframe, we are seeing some kind of reversal currently, which might send the price to the $102K area, where we then should see a proper move to lower zones. Now we are not going to rush blindly to short here but we are waiting for more confirmations, which would be either a proper rejection from $102K or a breakdown + re-test of the GETTEX:92K zone. After that, we will see a proper free fall below EMAs! Swallow Team