This analysis highlights critical price levels and time cycles for XAU/USD (Gold) based on the Gann Emblem. Significant highs and lows are marked with degrees for better clarity on potential market movements: • Oct 11, 2024: Low at 216 degrees. • Nov 4, 2024: High at 240 degrees. • Dec 6, 2024: Major high anticipated at 270 degrees. • Mar 5, 2025: Projected new low at 360 degrees. The chart integrates Gann angles and time cycles to provide a structured view of gold price trends, offering traders a roadmap for identifying key reversal zones and directional patterns. Key Fibonacci levels and future pivot points further enhance the prediction of critical price action events.
Though Solana broke down the $204 support, it has failed to break below our white ascending trendline. This support has held and in fact has carried us upward since Dec. 20th. If my Cup and Handle is to remain valid, our support must continue to hold. If not, all bets are off. Though, the handle is a bit deeper than I'd like to see, I'm going to continue to respect this as a pattern unless that support breaks. My target remains $375, nearly a full 2x from here! ✌️Stew
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
This asset can be seen in a bullish trend with RSI showing no divergence on an hourly chart. A trade plan can be put in place to trade this symbol till its resistance zone.
GBPJPY remains in a bullish net,the weekly structure have a breakout from supply roof and retested multiple times,if the pairs higher ,i will like to see buy impulse into my supply roof
Sellers are maintaining control in the S&P 500. The expectation for Tuesday's price action is further movement to the downside but not a dramatic move. Be cautious on the short side as we are approaching levels that we have found buyers in the past.
Today is the last day of the year. Volume could be thin. Price could range from 2608 to 2590. I would look for selling opportunity at 2608 level. Happy advance new year to all! Wish you have a joyful celebration no matter what is the financial gain this year. Let's move on and have a fresh start next year.
My proprietary indicator is flashing BUY signal for NQ & NVDA . Bull move started this morning, many just don't see it yet. I think +$143 on NVDA is not unreasonable to expect and a huge move +1000 points on NQ is not unreasonable. We shall see! Lets end this year with a big bang!
We simply anticipate Gold pushing upwards towards the zone in ash. Afterwhich we expect to see a good confirmation and then some massive price drop. Do ensure you compare every analysis with your own technical approach.
As NVDIA and Broadcom expand their domination in Semiconductor sector the Market Cap weighted Index is making an ATH against equal weighted index.