The current gold market has entered a wide consolidation stage after many fluctuations. Judging from the hourly line, the price has rebounded and risen, but the resistance above the 2637 line is obvious. If this level is exceeded, gold may return to its previous upward channel. In terms of form, gold shows a head-and-shoulders bottom breakout structure. If it successfully breaks through, the market outlook may test the 2655-2660 area. The lower support is at the 2625 line. If the price falls below this support, the short-term rebound will come to an end, and gold may once again enter the downward adjustment stage. Overall, the general trend of gold is still in the downward adjustment stage, and long-short games will still be frequent in the short term. There are certain risks in both long and short operations in the current market. If there is no significant retracement before the US market, you can do short-term lows in the 2625-2630 area. But looking at the overall shape, individuals tend to go short, especially if the price does not stabilize above 2645 and return to the upward channel, or form a triangle convergence breakthrough. Aggressive investors can try short operations in the 2638-2640 area.
Happy New Year 2025 to all! As the first trade for 2025, I see Kotak Mahindra providing a good shorting opportunity. The stock has shot up today and has hit the downward resistance zone trend line. A short position can be taken once price closes strongly below 1820. Downside target - 1787 SL - Today's high.
FTSE 100 (UK100) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 8,251.42 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 8,344.00 which is a level that sits above the 78.6% Fibonacci retracement and a swing-high resistance. Take profit is at 8,144.36 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Further to my previous post, Scout is starting to form inverted head and shoulders. It is not confirmed until the price actually breaks and ideally retests. But the chart is looking good for long entry.
Daily live trade with XAUUSD in 15m/30m/1h 20250102
A clear breakout on the weekly close will target the ATH for Praveg. Its forming the pattern since it corrected from its high, till the breakout, trade in the range
Do you genuinely believe that the bull market will terminate with a single jump or slight advance? According to this graphic, it may only take one to three months to reach the $8 aim. Reason to buy IO and thanks me later Bullish Divergence at bottom, Making HH and HL. Broken the resistance at 2.9 Target-1: 4$ Target-2: 6$ Target-3: 8$ appreciate you reading. I hope the content is enjoyable to you. I'll try my hardest to provide you with excellent entrance timing and outstanding outcomes. To demonstrate your support, simply follow. Happy New Year. cheers!
The price has been consolidating since 21st Dec. Since 25th Dec, the price had been consolidating in the descending wedge pattern. It broke above it, retested, the top descending trendline and bounced back up. Now, the price is about to break previously week high. All momentum indicators in 4H and Daily are signalling the price to move up. ai16Z and Virtualprotocol both had the very similar set up in Daily chart before they had a parabolic leg up. I think it is a good place to go long. The profit target for me is $2. I don't trade with leverage.
After our buy print AI is looking stronger and stronger with another buy Print. That big elephant candle prior to first buy is guiding the mooner after a good volume Next stop would be 0.85 DYOR For early entry, use our indicator. You can drop a message to know more
The extraordinary trajectory of cocoa in 2024 has rewritten the commodities playbook, outperforming traditional powerhouses like oil and metals with a staggering 175% price surge. This unprecedented rally, culminating in record prices of nearly $13,000 per metric ton, reveals more than just market volatility—it exposes the delicate balance between global supply chains and environmental factors. West Africa's cocoa belt lies at the heart of this transformation, where Ivory Coast and Ghana face a complex web of challenges. The convergence of adverse weather conditions, particularly the harsh Harmattan winds from the Sahara and widespread bean disease, and the encroachment of illegal gold mining operations, has created a perfect storm that threatens global chocolate production. This situation presents a compelling case study of how localized agricultural challenges can cascade into global market disruptions. The ripple effects extend beyond just chocolate manufacturers and commodities traders. This market upheaval coincides with similar pressures in other soft commodities, notably coffee, which saw prices reach forty-year highs. These parallel developments suggest a broader pattern of vulnerability in agricultural commodities that could reshape our understanding of market dynamics and risk assessment in commodity trading. As we look toward 2025, the cocoa market stands as a harbinger of how climate volatility and regional production challenges might increasingly influence global commodity markets, forcing investors and industry players to adapt to a new normal in agricultural commodity trading.