JUBLFOOD is showing good amount of weakness from the open. The first hour of price action is indicating complete negative bias and the overall trend also seems to be weak. Short position can be initiated for a Target to 673 level. SL will be todays High.
After conducting a thorough analysis on the XAUUSD H1 time frame, I've identified a high-probability sell opportunity So, I Just Want To Share This With You my followers So, give your thoughts in comments. Key Insights: The market has already crossed the 1st Supply zone and is now breaking through the 2nd Demand zone, confirming a strong bearish trend. The Regression trend indicator validates this downward momentum, mirroring previous market behavior. Trade Details: Gold Sell Now Entry: 2703 Stop Loss: 2723 First Target: 2683 Last Target: 2643 Trading Strategy: I'm recommending a sell position on XAUUSD, leveraging the bearish momentum to reach our target levels. With the market exhibiting a clear downward trend, I'm confident in this trade's potential. Stay Informed! As the market evolves, I'll keep you updated on any changes or adjustments to this trade setup. Best wishes, Publu
The market is currently testing the current Weekly area. Based on Daily TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see SELLERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
The price is rising towards the pivot which acts as a swing high resistance and could drop to the 1st support which has been identified as an overlap support Pivot: 0.9195 1st Support: 0.9016 1st Resistance: 0.9284 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.
Hello fellow traders what are your thoughts about this setup don't hesitate to share it in comment section. I have prepared this chart and it presents a 4-hour analysis of the Gold market, highlighting key support and resistance in levels, trends, and potential price movements. Here's an interpretation of the chart with the potential impacts of geopolitical wars and political events: Chart Analysis: 1. Resistance Levels: Resistance 2: Marked in red at approximately 2748 , this is a significant price ceiling. Price may test this zone but could face rejection. R1: Intermediate resistance near 2,724. Price movements show difficulty in sustaining above this level. 2. Support Levels: Support 1: Positioned near 2666, it serves as an initial floor for price retracements. Support 2: A stronger zone around 2,623 . If prices drop sharply due to external factors, this area could act as a safety net. 3. Trendline Analysis: The chart indicates an upward trend within a parallel channel (blue dashed lines). If the price breaks below the lower trendline, a correction to Support 1 or Support 2 is likely. 4. Projection: The price is expected to move upward to test R1, followed by a potential correction. A strong breakout above R1 could lead to a test of Resistance 2. Geopolitical and Political Factors: 1. Geopolitical Wars: Gold as a Safe Haven: Escalation in geopolitical tensions (e.g., wars or conflicts) tends to drive demand for gold, pushing prices higher. Such uncertainty could accelerate the move toward Resistance 2 or even beyond. 2. Trump’s Oath Ceremony: Market Volatility: Political events, such as Trump's re-assumption of office, can influence the gold market. Potential policy announcements, trade relations, or economic shifts under his leadership might increase investor caution, favoring gold as a hedge. Risk Sentiment: A divisive or controversial ceremony could increase market volatility, causing a surge in gold prices. Conclusion: While the chart indicates a bullish structure with possible corrections, external factors like geopolitical conflicts or political transitions could disrupt this trajectory. Gold’s role as a safe-haven asset remains crucial in such uncertain times, potentially pushing prices to new highs. Key levels; Resistances: 2724, 2748. Supports: 2666, 2623. Gold Sell zone: 2715-20 TP1 2710 TP2 2705 TP3 2695 Gold Buy zone: 2666-60 TP1 2670 TP2 2680 TP3 2685 Kindly support me like comment and share my ideas.
Summary: Currently, on the H4 chart, the price remains above the EMA 34 and 89, indicating that gold is still in a corrective uptrend. However, if gold fails to break through the resistance zone at 2725-2730, combined with market FOMO as Trump takes office early tomorrow, there is a high likelihood of a significant correction toward the 2675 level or even further down to 2660-2665. Current plan: The downtrend has started to take shape, so we will focus on SELL opportunities at strong resistance points or SELL retests when the price experiences an adjustment. Avoid BUY attempts to catch the bottom today, as it’s uncertain when large players might offload. Wishing everyone a successful trading day!
The following is an overview on the daily timeframe for bitcoin has broken out of the daily resistance, and managed to retest to the resistance that has been broken, positive catalysts may occur during the US presidential inauguration tomorrow. Target is to the price of $120k for Bitcoin
On the daily chart, the daily chart broke the 4-day winning streak and fell slightly on Friday. The decline at the end of the trading day caused a continuous decline. The price effectively crossed the short-term moving average and led the short-term moving average to turn downward at 2710 and 2707. Other periodic indicators also formed a short position arrangement. The Bollinger Bands as a whole shrank sharply. In addition, the MACD indicator once again crossed downward. Therefore, the 4-hour level should still be prepared for an intensified decline! Trump took office today, and the market may become complicated. Beware of abnormal market fluctuations. From a technical perspective, Huang Jin ended the strong bullish pattern last week. After a weak closing, a break of 2700 was formed, and there was a further wide adjustment in prices. Trading ideas: short-term layout of selling high and buying low. Gold fell directly after the opening of the Asian session. Gold bulls had no power to fight back. For key points, even if gold wants to go out of the downward wave, it is good for our short-term layout! In addition, today is the date when Trump takes office. The gold market will inevitably suffer from the rise of risk aversion caused by irresistible factors! That is, the market is still relatively bullish in many aspects! The 1-hour moving average of gold has begun to turn downward, and the gold bull market has temporarily come to an end. If the moving average forms a dead cross downward, the downward space of gold will increase, and the 1-hour gold is now also suppressed by the downward trend; the downward resistance moves down to around 2708, and the Asian session rebounds around 2708 and continues to sell at highs. The rebound near 2705 can be empty first. First support: 2681, second support: 2670, third support: 2662 First resistance: 2695, second resistance: 2708, third resistance: 2725 Operation ideas: BUY: 2680-2683, SELL: 2705-2708,
This is my Weekly analysis on EURUSD for 20-24 Jan 2025 W4 based on Smart Money Concept (SMC) which includes the following: Market Sentiment Weekly Chart AnalysisDaily Chart Analysis4H Chart AnalysisEconomic Events for the Week Market Sentiment Interest Rate Differentials: The widening gap between US and Eurozone interest rates favors the USD. Higher US yields attract capital flows, supporting the USD against the euro. Inflation Trends: While inflation in the Eurozone remains subdued, the US continues to grapple with sticky inflation, keeping the Fed cautious about easing policy. This divergence further supports the USD. Energy Prices: Elevated energy prices, driven by geopolitical tensions or supply disruptions, could weigh on the Eurozone’s trade balance and economic growth, adding pressure to the euro. Weekly Chart Analysis https://www.tradingview.com/x/58KaH4hZ/ 1️⃣ ?Swing Bearish ?Internal Bearish ?In Swing Discount ?Swing Continuation Phase (Pro Swing + Pro Internal) 2️⃣ ?INT structure continuing bearish with iBOS following the Bearish Swing. (End of 2023 till end of 2024 was a pullback phase after the first bearish iBOS) 3️⃣ ?After the bearish iBOS we expect a pullback, price tapped into liquidity below Nov 2022 which is above the weekly demand formed with the initiation of the bearish iBOS pullback phase. ?Expectations is for price to start a pullback phase from the Weekly demand zone / or from the liquidity sweep from the Nov 2022 low (Require Daily/4H confirmation). Daily Chart Analysis https://www.tradingview.com/x/RbF5oCEP/ 1️⃣ ?Swing Bearish ?INT Bearish ?Swing Continuation Phase (Pro Swing + Pro Internal) 2️⃣ ?Following the Bearish Swing BOS, INT Structure continuing bearish approaching the weekly demand zone. 3️⃣ ?After the receint iBOS, price pulled back to EQ (50%) of the INT Structure but currently failed to create a new iBOS with a Bullish CHoCH forming a new Demand. ?Expectations is not clear as we could start a deep pullback to intiate the Weekly Pullback Phase required or the current failure to creare a new Bearish iBOS is just a pause in market for more bearish move to at least the Weekly Demand. More development required from LTFs. 4H Chart Analysis https://www.tradingview.com/x/6OzheyYv/ 1️⃣ ?Swing Bearish ?Swing Continuation Phase (Pro Swing + Pro Fractal) 2️⃣ ?After the Bearish BOS, price pulled back to the Swing EQ (50%) tapping into a Daily and a 4H Supply that caused a Bearish CHoCH and forming a Supply that price is contained within it. 3️⃣ ?Price is currently ranging between Supply and Demand which clearly makes price indecisively have a clear direction. More developments required on LTFs to have a clear expectation. Economic Events for the Week https://www.tradingview.com/x/vZL7iK3C/
Gold price was pushed to a one-month-high by better-than-expected PPI and core CPI US economic figures last week. However, it was rejected by 2720 and the price has begun to consolidate before the market close on Friday. Israel and Palestine started to exchange hostages after reaching a ceasefire agreement, easing tensions in the Middle East, which put pressure on gold prices as markets opened on Monday. Today is a U.S. holiday, but the market will focus on the new president's policies post-inauguration, believing that news will steer investment markets in the coming week. Whether gold prices will attempt new highs remains to be seen, with a key resistance level at 2720. 1-hr Chart(above) > The overall trend of gold prices was in line with our expectation last week, bounded by the range of 2665-2720. Despite the price being rejected by 2720(1) again, the S-T trend is still running within an upward channel(2), and remains bullish for now. Keep an eye on whether gold prices can break out from the upward channel(2) this week; once it falls below the upward channel, it would be the first sign of a possible trend reversal! https://www.tradingview.com/x/pdIIQokp/ Daily Chart(above) > Gold prices tested the 2720 resistance for the third time last week, but this time, unlike the previous two attempts where prices rapidly fell within 24 hours after reaching the top, seems like, the market has already adjusted to prices above 2700. This week, the trend of gold prices will be influenced by the new U.S. President and his policies, so keep an eye out for any announcements. If gold prices can break through the 2720 resistance, it will trigger a new round of long-buying, with the next target at 2790. The support below lies at the ascending support line (4) and the 100-day moving average (5). P.To