SteveTan

SteveTan

XAUUSD possible trending up for wave e ( Blue circled) on an expanding triangle in wave B (red).

SteveTan

XAUUSD probably will have 50%/ 61.8% pullback until Wednesday Core CPI report. P/s it's better to short than long as there will be more "floor" than "ceiling" levels.

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).