As discussed in my comprehensive multi-timeframe analysis, gold is at the crossroad right now. Indeed, in 4h TF, it is at the support. Price could rise to the 2660 level and if broken, it could rise further to 2680. However, if 2630 is broken, it may signal heavy sell off on the way.
Results May Vary: 1.01-1.015 range of exit 1) Volume rally shows investor sentiment into USD as many countries are faced with tariffs from the Trump Administration with heavy FDI inflow. - FDI will continue as foreign investors flow capital into GOLD/USD/CHF (safe haven) to offset local volatility. - High likelihood Trump goes through with tariffs which would damage everyone, including US. However, US would be hurt less, solidifying US dominance as his pride. (Need to watch for every Euro Zone country accounts). - Inauguration 01/20/2024 2) Euro Zone in heavy recession with rate cuts showing limited stimulation. 3) Investor sentiment, insane USD overvaluation short term. 4) Post market hours show price consolidating with complete flat line volatility. 5) Other factors also play in. EUR/USD trade compatibility allows KEY Government Leaders to make irrational decisions for benefit of own countries. Gov stability in Euro Zone will also attribute to EUR growth. Many factors to watch out for.
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GBPCAD has broken the uptrend over the holiday period. May need more time to develop a trend as volumes will return today.
Evening folks, sorry for being absent I’m ridiculously busy with my businesses and new year , btw wish you all the best and a year of getting massive mountain of money lol . Keeping my chart simple you I wont cause confusion. Bitcoin has like two weeks in the worse scenario to range or fall before going and tap 150k or somewhere around. In the good scenario it goes up from here , I’ve put two box to get the bitcoin in case of a fall but deep down I see it unlikely to happen as altcoins look sh! T , I see it as a surprise run and leave people behind most likely but anyway who knows . Keep those areas in mind and see them as a chance . Bullrun isn’t over and it’s just warming up. Stay safe lads
GBPAUD has broken the uptrend over the holiday period. May need more time to develop a trend as volumes will return today.
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EURNOK has broken the uptrend over the holiday period. May need more time to develop a trend as volumes will return today.
EURMXN has broken the downtrend over the holiday period. May need more time to develop a trend as volumes will return today.
The weekly chart shows a clear falling wedge, a historically bullish reversal pattern. The price is approaching the apex of this wedge, testing strong resistance and support levels repeatedly. Past interactions with the trendlines resulted in rejections; however, this time, the setup appears different due to a few key factors: Higher High Formation: At ~$7.7, the formation of a higher high signals a change of character in the trend. Strong Demand Zone: The $4.3 level shows persistent buying interest, preventing further downside. Historical Parallels to 2020: In 2020, a similar scenario unfolded: bond yields hit record lows, the price traded below the 50-day moving average (50MA), and the market was in a phase of depression. Once the price broke above the 50MA on the weekly chart, it surged significantly. Current conditions mirror this setup, as the price remains under the 50MA, and CN10Y yields have hit a bottom, signaling a potential reversal. Fundamental Analysis Guidance Beating Expectations: NYSE:NIO is outperforming market expectations with robust Q4 guidance: Minimum revenue projection for Q4 with an average selling price (ASP) of $35k is ~$2.84 billion, beating consensus estimates. Key catalysts include the ET9 and Firefly models, which are gaining traction and showing strong market performance. Investor Sentiment and Activity: Buy-the-Dip Behavior: Investors are increasingly holding and accumulating during dips, as evidenced by the robust support at $4.3. Despite perceived market manipulation, buying activity suggests growing confidence among long-term holders. Macro Factors: Expectations of easing tensions between China and the U.S., potentially accelerated by a change in U.S. leadership in January 2025. Historical parallels suggest a rally when bond yields reverse, with the CN10Y already showing signs of bottoming. Market Psychology Sentiment is divided but leans bullish: Long-term investors demonstrate resilience and confidence, continuing to hold and accumulate. Short-term skepticism persists but may dissipate as technicals align with positive fundamentals. Price Targets Short-Term Target (March 2025): $9 to $10. Mid-to-Long-Term Target (End of 2025): $20, assuming macro conditions improve and technical breakouts materialize. Key Notes: The confluence of a falling wedge breakout, 50MA reclaim, and bond yield reversal signals a potential price surge. Positive developments in earnings, vehicle performance, and geopolitical stability could act as catalysts. This is an environment reminiscent of 2020, suggesting a strong bullish potential Disclaimer: This is not financial advice. Always conduct your own research and consult a financial advisor before making investment decisions.