On the daily chart, USDCHF maintains a good upward trend. Currently, we can pay attention to the support near 0.8956. If it falls back and stabilizes, we can consider continuing to buy. The upper resistance is around 0.9050. After breaking through, the upper resistance is around 0.9158. If the price falls below the support near 0.8900, the bullish trend will be temporarily suspended.
The big bear candles filled all my short targets and I'd set some pending orders to buy into a following spike. https://www.tradingview.com/chart/SPX/F0QqqXTj-Planning-SPX-Longs-into-A-Break-Lower/ We did get a big bounce off the buy entry zone but I find it a bit suspicious for a possible bull trap. If it is, this is the likely area it ends now. Exited longs and took some shorts yesterday at 6040. If this was Elliot waves, would forecast a big move. A drop of about 8% to 5500. Do have to see strong selling to evidence the EWs.
Here's a summary of your trade plan for XAU/USD (Gold/US Dollar): Trade Plan 1. _Target_: $2620 2. _Entry Point_: $2634 3. _Stop Loss_: $2642 Your plan indicates a bearish outlook, expecting the gold price to drop from the entry point to the target. Key Considerations 1. _Risk Management_: Ensure you're managing risk with proper position sizing. 2. _Market Conditions_: Monitor market conditions, including economic indicators, geopolitical events, and technical analysis. 3. _Trade Adjustment_: Be prepared to adjust your trade plan if market conditions change. Would you like me to provide current XAU/USD market data, analysis, or insights?
CAPITALCOM:SILVER Silver Price Poised for Breakout: Key Levels and Strategies Analysis: Price Action Strategy: Support and Resistance Levels: The chart shows significant support around 29.4000 and resistance around 30.0000. The price is currently testing the FVG (Fair Value Gap) level at 29.8016, indicating potential for a breakout. Volume Profile: High volume around the 29.6368 level suggests strong interest and potential reversal zones. Trend Analysis: The current trend is bullish, with higher highs and higher lows. Potential for continuation if the price breaks above the FVG level with strong volume confirmation. Smart Money Concepts (SMC): Order Block (OB): A bullish order block is identified around 29.6368, indicating potential buy zones. The CHoCH (Change of Character) confirms a bullish trend continuation. Liquidity Zones: Liquidity observed around the 29.4000 level indicates potential support. ICT (Inner Circle Trader) Strategy: Fibonacci Retracement Levels: Key levels to watch are 0.382 (29.83553), 0.5 (30.0025), and 0.618 (30.16947). Optimal Trade Entry (OTE): The OTE zone aligns with the FVG and OB levels, indicating strong potential for a long entry. Indicators: RSI: Currently around 60.41, indicating neutral to slightly bullish sentiment. MACD: Shows a bullish crossover, suggesting potential upward momentum. Buy Signal: entry: 29.6368 tp1: 29.8016 tp2: 30.0000 sl: 29.4000 Sell Signal: entry: 29.8016 tp1: 29.6368 tp2: 29.4000 sl: 30.0000 Follow @Alexgoldhunter for more strategic ideas and minds
Here are some important levels that I am watching: 2584 - 2608 - 2622 - 2633 - 2652 - 2664. Todays gameplan OANDA:XAUUSD If the gold price holds above 2634, I would consider a BUY. Set the Stop Loss at 2626 and aim for the First Take Profit target at 2642, with the Second Take Profit target at 2652. If the gold price cannot hold above 2634, I would consider a SELL. Set the Stop Loss at 2638 and aim for the First Take Profit target at 2621, with the Second Take Profit target at 2608. TIPS: It is always wise to trim some positions and protect your portfolio if you see a $1 movement in the GOLD Price. Never let the GREEN profits turn RED!
CRYPTOCAP:BNB Since issuance, #BNB has shown consistent growth as a leading coin. It appears to be nearing the end of a macro motive wave 3. A potential correction could follow, possibly lasting over 4 years. As long as it stays above $400, the rise is expected to continue. #BinanceCoin
Hi guys, How are you doing? Merry Christmas ** The time frame is the daily ** The bule curved lined indicates to the points of support which the index HAS to settle on and as you see, it went there to touch by long wick which is not enough for me! should be by a body or to go down than these points then to bounce back up and settle on again, however, I personally believe that even after the index will go to my TP, these points will not hold and the index will continue go further moves to the downside, but it is early still to judge on now. ** The previous daily candles wicks have to be filled which is supporting my idea too. ** Please zoom out and open your daily frame chart then you van have a better understanding on your charts! ** Good luck always Note: My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
⭐️Fundamental Analysis Gold prices fell despite increased safe-haven demand as traders anticipated signals related to the US economy. Non-yielding gold received support as the Fed is likely to continue cutting interest rates after US PCE inflation data. The safe-haven metal may gain in price due to rising geopolitical tensions. ⭐️Technical Analysis Gold approached the 2638 resistance zone of yesterday's US session. This will become an important zone in today's European session. Breaking this zone, Gold will soon reach the 2648-2650 zone and soon reach the main resistance level of 2663-2665. When the price breaks the 2623 zone, do not BUY anymore and find a SELL point to 2608 to BUY again.
Looking for a retest of support and then a break of the upper resistance line with valid volume! We have a major gap to fill above us on MRK, and the fundamentals are also looking very nice on MRK.
Positional / Swing trade opportunity on Britannia CMP & Entry - 4775 SL - 4330 (on Closing Basis) Target 1 - 5690 - 5700 Target 2 - 6370 - 6390 DISCLAIMER: Not financial advice. Only for educational purposes. Invest at your own risk