XAUUSD - GOLD 1hrSimple trading - Gold is holding for its life below the 2040 Level. Let's wait for more candles to close before committing to a buy. Gold is bearish on the higher time frames. Keep in mind the Daily triangle that has previously been broken and is now retesting. (see previous gold chart)
BULLS:
watch the lower blue trend line. If gold can keep rejecting the trend line and continue making higher highs it will break through the 1hr resistance.
* wait for a retest! Do not get faked out by one bullish candle
BEARS: Watch the higher orange trend line. Use this line to grab entries. You can see the bearish signals on the chart. pay attention to the close of the next candles.
*wait for a solid red rejection candle below the previous high
Indices
NAS100 H4 | Potential bearish reversalNAS100 could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 18,035.07 which is a pullback resistance.
Stop loss is at 18,200.00 which is a level that sits above the 127.2% Fibonacci extension level and the all-time high resistance.
Take profit is at 17,652.31 which is an overlap support that aligns close to the 61.8% Fibonacci projection level.
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):
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 Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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):
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
Stratos Global LLC (www.fxcm.com):
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.
S&P 500 Daily Chart Analysis For Week of Feb 23, 2024Technical Analysis and Outlook:
As indicated on the chart analysis for February 16th, the S&P 500 (Spooz) index shined as expected and reached a new high, surpassing all resistance and index rallies, including Key Resistance at 5029, Outer Index Rally at 5035, and 5072. However, its current price action is in retreat, and it is entering a pivotal squeeze mode - a period of consolidation where the index is expected to remain within a narrow range or drop significantly lower to take a breather - Time will tell.
The main down price target for the index is Mean Support at 5060, with a possibility of extending to Mean Support at 4950. Once one or both of these levels are accomplished, the index is expected to rebound strongly and continue its journey toward the Outer Index Rally at 5170.
Is the steady rate bullish for stocks?Hello community. The Fed's goal is to promote maximum employment and stable prices. So in recent times the Fed has rapidly hiked rates by 5-¼ percentage points while also reducing their security holding by $1 trillion to help influence inflation expectations.
Large companies like Amazon, Meta, Alphabet, Microsoft, Salesforce and many more began cutting their workforce in order to adjust to extant economic conditions. While price stability is key, it must not be at the detriment of conducive labor conditions. The past monetary policy tightening periods came with job losses that negatively impacted the economy. The Fed is beginning to carefully hold rates at restrictive levels so as to avert similar economic damage.
Moving from an environment of low rates to rising fed rates caused stock prices to fall rapidly. So now that the Fed is pausing the hike and giving favorable projections, investors are beginning to increase their stock holdings. Things may be coming back to normal considering the large capital raised in the recent ipos.
We project a new all time high to be made after the correction that started in January 2022 is completed.
Trade set up
Buy entry price: 4229.46
Target price: 4677.76
Stop price: 4022.85
As the trade progresses we will update the idea and indicate the time to move stops to break even. Please like and share if the idea is helpful.
Nedium Team
SPX500 H4 | Heading into resistanceSPX500 is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 5,048.51 which is a multi-swing-high resistance.
Stop loss is at 5,080.00 which is a level that sits above a confluence of Fibonacci levels i.e. the 127.2% extension and the 100% projection.
Take profit is at 4,997.72 which is an overlap 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):
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 Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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):
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
Stratos Global LLC (www.fxcm.com):
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.
VIX UPDATEAttention Wolfy Traders: Please be advised that our VIX index is currently decreasing. This indicates that there are brave traders in the market who are not afraid of risk. As a result, the price action in every chart can be fast and volatile. Therefore, it is important to keep this in mind and exercise caution when making trades."
PLAY PRO
USDOLLAR INDEX - resharing my analysis.dear wolfy traders as you can see on this chart I explained everything easy to understand but for more information :
1. As the United States of America voting approaches, it appears that they are attempting to improve the power of the dollar to gain popularity.
2. In terms of my analysis, the price of XAU (gold) last month is the most crucial factor. People bought a significant amount of gold in various forms, leading to banks all over the world trying to create sell pressure.
"I had shared this analysis before, but it was deleted due to TradingView's house rules. However, I have fixed the problems and believe that this analysis is important for gold traders, which is why I am sharing it again."
Nasdaq-100 H1 | Potential bullish breakoutThe Nasdaq-100 (NAS100USD) is rising towards a potential breakout level and momentum could potentially carry price towards our take-profit target.
Entry: 17,817.55
Why we like it:
There is a potential breakout level
Stop Loss: 17,664.85
Why we like it:
There is an overlap support level
Take Profit: 17,965.80
Why we like it:
There is a swing-high resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
DOW JONES: Still bullish inside the Channel Up.Dow Jones has turned neutral on the 1D technical outlook (RSI = 53.990, MACD = 135.700, ADX = 29.049) as it crossed under the 4H MA50 and is on a lengthy consolidation phase inside the two month Channel Up. The 4h RSI is on a Bearish Divergence, which doesn't mean much unless the 4H MA200 breaks, as the very same divergence emerged during the December - January consolidation. If the 4H MA200 breaks, we will prepare our short under the S1 level and target the top of the S2 zone (TP = 37,200). Until then, the Channel Up favors buying (TP = 39,500).
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S&P 500 Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook:
According to the chart analysis on Feb 9, the S&P 500 (Spooz) index has completed our Outer Index Rally of 5035. It is now retreating and entering a pivotal squeeze mode. The main price target is Mean Sup 4945, possibly extending to Mean Sup 4847. After reaching these levels, the index is expected to rebound strongly and retest Key Res 5029, completing the Outer Index Rally 5035 again.
S&P 500 H1 | Potential bullish bounceThe S&P 500 (SP500) could fall towards an overlap support and potentially bounce off this level to rise towards our take-profit target.
Entry: 5,007.59
Why we like it:
There is an overlap support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 4,986.89
Why we like it:
There is an overlap support that aligns close to the 38.2% Fibonacci retracement level
Take Profit: 5,051.69
Why we like it:
There is a swing-high resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
S&P500: Last pump before a correction.S&P500 is on healthy bullish technicals both on the 4H (RSI = 63.806, MACD = 7.990, ADX = 31.789) as well as the 1D (RSI = 64.592) timeframes as it keeps rising inside a six week Channel Up. According to the last HH wave we are expecting a top on the 1.236 Fibonacci extension. If that's coupled with the 4H RSI hitting the top of its Rectangle, we will short the market at that level and target the Channel's bottom and the S1 level (TP = 4,920).
As long as the 4H MA200 holds, it will be a buy entry. If crossed, then the bullish pattern is negated and we will short again, aiming for the S3 level (TP = 4,715) and a potential contact with the 1D MA100. It will be almost a -8.00% correction, a healthy pullback on the 1D scale.
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Dow Jones H4 | Potential bullish breakoutDow Jones (DJ30) is rising towards a potential breakout level and momentum could potentially carry price towards our take-profit target.
Entry: 38,448.86
Why we like it:
There is a potential breakout level
Stop Loss: 38,048.50
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci retracement level
Take Profit: 38,891.09
Why we like it:
There is a swing-high resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
DAX H4 | Potential bearish reversalDAX (GER40) could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target.
Entry: 17,037.75
Why we like it:
There is a pullback resistance level
Stop Loss: 17,087.40
Why we like it:
There is a pullback resistance level
Take Profit: 16,791.05
Why we like it:
There is a pullback support that aligns close to the 38.2% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
$JX Canadian Venture Exchange - 'Cup & Handle'...Bullish Chart Plot with the pot'l for a fake move overthrowing the Lwr-Band of the Handle to Tap-n-Go from the 4Hr Grey/MA.
Most prefer to wait for a Break/out of the 'Cup' itself yet, entering on a re-entry after a Break/Down esp to a key/ma can get one in early with a tighter stop (which would be below the low of the fake move on a daily close below CAD/5.36)
Here we have more than 3/1 Risk/Reward Ratio to the 1st Target...
NASDAQ: Short term sell initiatedNasdaq is approaching technical neutrality on the 1D timeframe (RSI = 57.511, MACD = 191.510, ADX = 25.356) as it got rejected near the top of a Double Channel Up pattern. The 1D RSI is printing a technical sequence resembling the July 31st 2023 LH, which was the start of a short term correction. Along those lines, we are opening a short, aimed at the 1D MA100 (TP = 16,850).
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S&P 500: Resilient Rise Challenges Upper ResistanceThe S&P 500's latest weekly close at 4971 reflects ongoing bullish momentum, positioned just below the upper Bollinger Band resistance of 5136.3. The market's resilience is further underscored by the MACD's positive divergence above its signal line. Looking down, the Simple Moving Average at 4854.7 serves as the pivotal support, reinforcing the trend's strength. As the index navigates between these technical boundaries, the near-term outlook suggests a cautious but optimistic view for potential upward continuation.
$UKX #FTSE100 - Several Patterns combined...A concentration of lines giving clear patterns for actionable areas of entry on Break/Outs. Expect volatility to continue whilst with the shaded bands forming the 'Coil'.
A Breakout could be produce quick profits as the range has be ongoing for a couple of years compressing the energy. The 'Ascending Triangle' (Gold) would be my preferred plot with upside/downside targets respectively of 8220 & 7000 and to micro-manage the trade from then on.
Nasdaq-100 H1 | Potential bearish reversalThe Nasdaq-100 (NAS100) could rise towards an overlap resistance and potentially reverse off this level to drop towards our take-profit target.
Entry: 17,728.70
Why we like it:
There is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 17,852.90
Why we like it:
There is a pullback resistance that lies above the 61.8% Fibonacci retracement level
Take Profit: 17,515.80
Why we like it:
There is a pullback support that lies above the 61.8% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.