Gold (XAU/USD) is currently trading within a well-defined range, with key support at $2,663 and resistance near $2,698. The pair has shown strong bullish momentum, supported by moving averages crossing upwards and RSI staying above 50, indicating potential further upside. On the daily chart, we observe a consolidation pattern forming a possible ascending triangle. This setup suggests a breakout could occur above the $2,698 resistance zone, targeting $2,800 as the next significant level. The MACD histogram also shows increasing bullish divergence, adding strength to the upward bias. However, a rejection at resistance could push XAU/USD back to the $2,665 support zone. If this level fails, further declines toward $2,580 may follow. Key Levels to Watch: Resistance: $2,798, $2,700 Support: $2,663, $2,670 Potential Trading Strategy: Long position: Enter above $2,663_65 with a target of $2,700 and a stop loss below $2,655. Stay alert for high-impact news that could influence the market, such as U.S. economic data releases or Federal Reserve comments, which often affect gold prices
Found a correlation between ES1! futures and SPY equity flow of money between the two, starting with 2004 Starting at the first vertical divider one can observe a "sawtooth wave" in RSI naturally known for its robotic sequence. Up to 2008 where this automation stopped. After 2008 we see normal movement in the market, aka "human randomness of noise (buys/sells)" or as I like to call it "human trading" during 2009 to 2016 has less of a robotic movement than between 2004-2008. Finally we see that in 2022 this sawtooth wave again re-appeared (consider trying ES1!/SPY and observing those time lines on a Daily Chart, you will be surprised at the smoothness of the sawtooth wave. What does this show me? Is it a crash? Not certainly, however when liquidity is at its max with lower than usual volume (Considering printed money has gotten us out of market liquidity limitations aka bank stimulus in 2008 and buybacks the years after) we can conclude a similar event is unfolding. At least, we see a pattern and we know what happened at the end of the previous sawtooth waveform. Will length be similar? Will there be the same amount of waves? This is up to fundamentals and liquidity left in the market after everyone and their grandmother have thrown all their cash in equities (including Europeans currently being the new fish in the pond). No way to predict the end of this liquidity cycle, but I'm watching a break in the form. Another good use on the smaller timeframe daily candles is to watch ES1!/SPY for reocurring green or red candles (green normally means ES1! gains liquidity, Red normally means SPY gains liquidity). Example: If 4 green candles in a row, high probability 5th green candle with be red giving another probability tool for downward daily scalp. In the same light if 4 red candles in a row, higher probability 5th will be green giving low risk high reward daily scalp call. While this tool is great for scalping and complementing existing tools like supports/resistances/technical patterns/RSI/EMA's/VWAPS in the short term. In the long term this ES1!/SPY can show interesting patterns that only seem to pop up before major crashes, looking closer one can notice the same loose pattern pre-2000 dot com crash. Since the majority of the market has begun automatically trading using algorithms and over time increased in this automation, this leads me to believe this signal to be even louder than in the past: dot com vs GFC vs current day repetition.
This week the following US Stocks have taken a break out above the consolidation zone at daily candle: 1. CVX 2. UNH 3. TMO The following US Stocks have taken a break below the consolidation zone: 1. ORCL 2. NFLX 3. PEP 4. PG 5. CRM 6. AAPL 7. MA 8. MCD 9. AMD 10. BRK.A 11. V 12. DIS 13. JNJ 14. KO The Tool (Option Scalper) was run at daily candle and was fed with 40 names (top 40 US stocks as per market cap). The rest of the stocks which appear in gray are still in consolidation zone.
Trade Alert BTC/USD Sell Alert 1. *_Entry:_* $93,800 2. *_Target:_* $92,800 3. *_Stop Loss:_* $94,400 Trade Details - *_Risk:_* $600 ($94,400 - $93,800) - *_Reward:_* $1,000 ($93,800 - $92,800) Monitor the trade closely and adjust as needed.
wintermute is the most cruel marketmaker of all time. im deep into the solana ecosystem with a report. they're all capitulating. couldnt be me. amazing zone to bid here. if it slides lower, im grabbing more in the blue box. 10-12$ within a few months.
In November, Gold experienced a sharp $200 drop and has since been in recovery mode. The price has consistently held above the 23% Fibonacci retracement, indicating sustained demand. Recently, buying activity has increased, suggesting that bulls may be regaining control. This is further reinforced by the Golden Cross, a traditional buy signal, which has fueled the recent surge in upward momentum. Currently, Gold is testing a crucial resistance at the 61.2% Fibonacci retracement. Historically, a break above or below this level signals a trend reversal, transitioning from a correction to a new trend. If this level is breached, we could see an additional $40-$50 rise, or possibly more. Beyond technical indicators, the broader sell-off in stocks and bonds suggests a shift in investor capital toward commodities like Gold and Oil, enhancing its appeal. A break above the $2,695 level may pave the way for a rally beyond $2,725, attracting even more buyers to the market.
Looking at the monthly chart we were in a short uptrend channel and price broke out to the down side so we are observing price until it reaches the support in the photo above.....any contributions to that analysis
From the data provided, CAKE's price has shown significant volatility. Starting around 2.027 in January, it surged to 3, indicating a strong bullish trend ?. However, it later corrected to around 2.110, suggesting a potential support level ?. The signals in the chart hint at a possible buying opportunity at support levels, especially if the price holds above 2.110 ?. If it drops below this level, it might indicate a continued downward trend ?. Given the high volatility, traders should exercise caution and use risk management tools like stop-loss orders ?️. Staying updated with market news and developments can also aid in making informed trading decisions ??.
Recently, gold has maintained an upward channel and fluctuated upward, and the overall trend is strong. From the hourly line, the gold price has continued to fluctuate higher since the 2615 line, and has now broken through the top pressure of the upward channel, forming a typical top-bottom conversion structure. The key support below is in the 2676-2678 area. In the Asian session, gold fell slightly from the high level and received support at the 2680 line. It rebounded again in the short term and is currently testing the 2700 line of resistance. From a technical perspective, gold is still in an upward break structure as a whole, and the short-term long and short key points are concentrated in the 2680-2676 area. If the price stabilizes in this range, it is expected to continue to rise in the future, with the target pointing to the two strong resistance areas of 2725 and 2750; on the contrary, if it falls below this range, it may return to the previous channel, with a bearish trend, and further move down to the 2664 line. In the short term, although gold has failed to rise many times, showing the characteristics of "slow rise and fast fall", the upward breakout pattern has not been destroyed, and the price structure is still bullish. In terms of operation ideas, it should be mainly low-long, combined with high-short strategies to respond flexibly. Summary: The current upward breakout pattern of gold has not changed. In terms of operation, it is advisable to mainly do more at low levels. If the high level is under pressure, you can try shorting with a light position, strictly control risks, and pay attention to the breakthrough of key intervals. Trading strategy recommendations Short strategy Layout area: Gold rises to 2700 and is under pressure, and short orders can be arranged. Stop loss setting: above 2715. Target position: First target: 2675, observe the support strength. If it falls below 2675, look further down to the 2664 area. Long strategy Layout area: After gold adjusts to the 2675-2680 area and stabilizes, long orders are arranged. Stop loss setting: below 2664. Target: First target: 2690 Second target: 2700 is further expected to 2725-2750 after breaking through. Risk warning The trend of gold is currently affected by both technical and emotional factors, and it is necessary to pay close attention to the performance of key support and resistance levels. At the same time, it is necessary to pay attention to the impact of fundamental factors such as the US dollar index and economic data on gold prices and adjust strategies in a timely manner.
Hello All Traders! Write Your Feedback In Comments Section Keep Suppor Me Thanks Date/13/Jan/2025 Current Price 41,860 In My Analysis Of US30/USD (Dow Jones Industrial Average) Exhibits a Clear Downtrend Within a Descending channel, I highlight It As dynamic Resistance (upper trendline) And Dynamic Support (Lower Trendline). The price is Currently Testing the Channel Support Near The 41,462 Level, Showing Potential for Either a Bounce or Further Breakdown. A consolidation channel Where the Price was Range-bound After Previous Declines. A Breakdown From this Consolidation Suggests Bearish momentum. If the price respects the Support, a Reversal Toward the Dynamic Resistance near 43,940 or the Broader Resistance Zone near 44,973 may Occur. Conversely, a break Below the channel Support could Lead to Further bearish Movement Toward lower Support levels. We should Monitor price Action at Critical levels And use confirmation for Potential Entries. Note: This Idea Only For Educational Purposes and not A Trading Advice Thanks For Your Support