SteveTan

SteveTan

XAUUSD need to form a base (possible triangle) before breaking A.T.H again. Interestingly Gold price drop more than $40 before the release of today NFP data.

SteveTan

NVDA's 1890 (189 after splitting ) is next major resistance where price meet time by end of the year ( right after US election).

SteveTan

SPX500 chart seem like will have another potential gain of 30.5% +/- ( from 5075 +/- till 6600 +/-) up until US election

SteveTan

XAUUSD is forming a bearish triangle now as a "base" for a big "drop". So price most probably will be capped below 2359.725 before trending down toward 2230 +/-.

SteveTan

XAUUSD possible completed wave (2)(Green) with running wave WXY (red). Sell gold gain if price retrace to 2345 +/-.

SteveTan

XAUUSD probably trending down toward wave (b) yellow of expanding flat (a)(b)(c)(yellow) in wave in b (blue circled). Probably a "good news" for gold on this coming Friday Core PCE Price Index.

SteveTan

XAUUSD possible forming a BIG base with deep footing (double three pattern) before rally. Price could reach 2180 +/- which is confluence a zone of : 1) Fibo extension 1.618 from wave W to Y (yellow circled) 2) Bullish Harmonic Pattern 3) 233 EMA (white) 4) Lower Support Trendline (blue) of wedge/ending diagonal pattern.

SteveTan

Topglov have broken major resistance with daily bar ( ONLY the higher time frame e.g daily, weekly chart where big player have holding / longer power ) closed above 1.25 with "Momentum" Breakout Bar (check chart detail).

SteveTan

XAUUSD probably reached wave (B)(Green) and price may surging up to 2500 +/- as "roller coaster" sentiment from uncertain rate cut by Sept by The FED.

SteveTan Updated 

XAUUSD possible forming a triangle pattern in wave B (Red). Lock your short position to risk free with price set to breakeven.. if you were short at 2428 +/- from last ideas and let the profit run

SteveTan

NVDA possible forming a leading diagonal pattern in wave (a)(Red). P/s. It seem like 99% stocks/index chart "showing" year 2025...

SteveTan

NVDA just announced a 10-for-1 stock split. So it will be more affordable at $100 +/- than $1000 and "this chart" will be "out of proportion". Support would be @ $900 or 90 +/- (after splitting) if there is a pullback.

SteveTan

XAGUSD probably facing long term resistance at 48.88 +/- and dropping 61.54% +/- before taking off to the moon..

SteveTan

MYEG strong support would be at 0.900 +/- if there was a triangle forming. Even EPF have "pull out" as 1 of major share holder BUT ChatGPT (copilot) still giving 1.33 for its intrinsic value.

SteveTan

XAUUSD probably completed wave (A)(green) leading diagonal pattern. Targeting now toward wave A (Red) which is confluence of zone of : 1) VWAP line ( Blue MA) 2) 1H 233 EMA (white) 3) Parallel Channel support (blue).

SteveTan

TSLA kangaroo still boxing/ hopping inside the ring (triangle) since end of 2021. Strong support if there was a pullback toward 186 +/-. Which is confluence zone of 1) POC of Volume Profile (red horizontal line) 2) 233 weekly EMA (white MA Line) 3) Pitchfork lower channel (blue).

SteveTan

XAUUSD is on its final leg of leading diagonal pattern in wave (A)(Green). Waiting for confirmation in next idea for confirmed stop lost level before shorting.

SteveTan

XAUUSD probably is forming an expanding flat pattern ABC (yellow circled) on wave IV ( blue) of an ending diagonal pattern in wave (c)(Red)