According to the chart of the bottom of the downward channel, the range of 86000 to 88000 can be a turning point. Buyers with buy positions should be patient and hold hands for now, but sellers with a target of 88,000 can buy a step
Another ratio chart. Today we look at the performance of India NIFTY50 vs US S&P 500 on a weekly basis. IN this ratio chart all the 50-, 100- and 200-day SMA are below the short term 20 DMA. Prior tops can act as support as indicated by the red arrows. The estimate is that the chart will consolidate here, and the future direction will be determined by the US Dollar. Please watch out for DXY. Will it break above the recent ATH from Oct 2022 of 113 (blue arrow) or breakdown before reaching the top? This will determine the direction of Nifty 50 vs S&P 500.
#Bitcoin Similar impulses are at the point where the correction phase in January 2024 ends and the upward phase begins.
Gold has broken 2670 resistance which turned into support now. I am expecting it to rise further to 2690 level or even 2715. But today is NFP, I will trade in small volume or refrain from any orders during the event. Preserving my capital is the first priority!
BNB ready to dump ? I'm not a huge fan of pattern trading as it is very subjective, however when something is as obvious as this then it can't be ignored. BNB currently is in a very clear rising wedge pattern which only increases it's odds of playing out the way we expect it to. This is due to mass buyer confidence. If we get more rejection from the ATH area of $750 and bearish bias continues on BTC then i do believe we'll see an aggressive break out here on BNB to the downside. When compared to the likes of Solana which have similar functions and capabilities BNB is overpriced so this could also be a fundamental reason it could dump, to reset the value of BNB which would also in tern be good for BNB as it could increase it's user base as more people would be inclined to use it's chain for meme coins for example if they chain becomes all round cheaper. Let's see how BNB continues to play out as it follow up the rising wedge pattern and squeezes into the final section. The squeeze will also allow a build of of liquidity and volume which will increase the volatility when price does break from this pattern. If by some miracle we have a BTC pump, a large pump that is. Then we could see BNB break to the upside, but even if that does happen i believe it would only be temporary.
Price action broke the trendline and is now retesting the orderblock level. See how the price will react to the orderblock, I'm also using the 21 EMA as the dynamic trendline if it will respect that too then is possible to open a sell with final target 189.5. Good trade My advice is to open a small position for every trade. Honestly the only way to grow small accounts especially for beginners that allow people to sleep at night. Most of my setup are 1:3 or higher R:R, means you need to be right 1/4 of the times to be profitable
Unless the market continues to behave weirdly, this is my top pick for tomorrow. Low risk entry after amazing support of earnings gap and AVWAP crossing. Bounce off 21d EMA (white cross below last candle) and bullish momentum confirmed (green diamond). Options positioning supporting the current set-up. What's not to love about this one? Well, market can destroy any beautiful thing, always, without notice.
CRV is looking good for a short term dip in alignment with BTC price action. I will be accumulating CRV on dips as the HTF charts point to larger price appreciation potential. My first target after the dip is 1.42 and 2.81 and my banana zone target is $10.
Key Levels to Watch on XAUUSD Support Zones: Gold is currently trading above a critical support level at $1,920. This zone has proven resilient in recent sessions, reflecting strong buyer interest. If prices breach this level, we may see a move toward $1,900, a psychological barrier for many traders. Resistance Zones: On the upside, the immediate resistance is around $1,950, a level tested earlier this week. A breakout above this could push XAUUSD toward $1,975 or even $2,000, depending on the NFP outcome. Market Sentiment and Expectations Traders are cautiously optimistic, awaiting the NFP report to provide clarity on the Federal Reserve's stance on interest rates. A strong jobs report could strengthen the US Dollar, putting downward pressure on gold. Conversely, weaker-than-expected data might support gold prices as investors seek safe-haven assets amidst uncertainty. The Relative Strength Index (RSI) on the 4-hour chart suggests XAUUSD is hovering around neutral levels, indicating room for movement in either direction. Meanwhile, the 50-day moving average sits comfortably above current levels, signaling bullish potential if key resistance levels are breached. Trading Strategies Ahead of NFP Scalping Opportunities: With volatility expected to spike, scalpers may find opportunities in short-term price swings. Keep an eye on the $1,935 - $1,945 range for intraday setups. Breakout Trades: If XAUUSD breaks above $1,950, a long position with a target of $1,975 could offer solid risk-to-reward potential. Safe-Haven Strategy: In case of a dovish surprise in the NFP data, gold could rally as traders hedge against inflation fears. Watch for a sustained move above $1,950 to confirm bullish momentum. Trending Hashtags and Keywords Hashtags: #XAUUSD #GoldTrading #ForexAnalysis #NFP #TradingStrategy #GoldMarket #ForexTrader #XAUUSDForecast Keywords: XAUUSD analysis Non-Farm Payroll report Gold price forecast Gold trading strategies Forex trading ahead of NFP Final Thoughts As we gear up for tomorrow’s NFP release, the XAUUSD market holds significant opportunities for informed traders. Whether you’re a scalper, day trader, or long-term investor, understanding key levels and market sentiment is crucial. Stay updated, stay disciplined, and prepare for what could be a pivotal day in the gold market. Let us know your thoughts on this analysis in the comments below! What’s your outlook on XAUUSD?
Narrative-driven games have always been one of my favorites to play on an iPhone or iPad. And the new title Nocturnals combines a unique and harrowing adventure with puzzle solving. Set in a post-apocalyptic world, you’ll follow Ted as he navigates and explores the abandoned town of Ruddleside. He finds a single person, Diego, who helps him continue the search for surviving communities. In the game, you’ll find all of the town’s mysteries by solving puzzles and finding collectibles. Since it’s a choose your own adventure, some of the decisions you make will influence Ted’s personality and determine his final fate. Depending on decisions you make, there is a wide variety of different endings. While the game is short, I’ve really enjoyed playing. I won’t spoil more of the story, but it has a unique mythology and a lot of secrets to find. There’s much more than meets the eye. Designed for the iPhone and iPad, Nocturnals is a $3.99 download on the App Store now. Get Nocturnals in the App Store