Gold is moving upwards and the count indicates it will give two more pullbacks before reaching 2830 in the middle of November 2024. Currently the momentum is strong and until two way market develops, only long positions should be established. I will update the idea when we reach final phase of the move.
Over the past few days, USDJPY has reached a new high, reflecting ongoing strength in the dollar amid recent economic data releases. However, a closer examination of the 1-hour timeframe indicates a lack of further upside potential. Key observations include: Technical Indicators: Momentum indicators suggest overbought conditions, signaling that a correction...
Good Evening and I hope you are well. tl;dr dax - Look at the xetra 1h chart because it’s clearer there than on futures. 4 legs down and we have not touched the 1h 20ema on xetra since Tuesday. Strong follow through selling and there is an open gap down to 18928. Since we are seeing continues episodes of buying, I do expect this gap to get closed on a spike and...
Hello my fellow Cryptocurrency trader, the Altcoins vs BTC pairs continue to unravel within a bullish bias. Here we can see xMoney (UTKBTC) producing a higher low short-term. The main low was hit in August 2024 and the higher low is being established now, October; this is good news. Also notice the long-term lower low in the form of a "bottom formation." Notice...
Good Evening and I hope you are well. tl;dr oil - Continues to be wild. Got stopped out too many times today and wanted to hurt myself. Huge tails on daily bars above and today a 350 (5%) tick ripper. Bulls just melted through the bear trend line. Can absolutely be a bull trap and we see another giant pullback but for now I would not short it. If anything, I am...
I see SBSW being an exceptional performer in this precious metals bull market which is already underway. Platinum is very close now to huge moves up which will send this flying.
4H Bullish Pennant Pattern Expecting NFP News to push Gold to new highs. Fundamental & Technical Confluence.
This is my weekly potterbox on YMM full truck alliance. ltd. risk on is around $9.85. risk off is around $7.31 If it opens green we will make a new high. but if we open lower than current price we could go back down to $8.59 and possibly lower. This is my observation on YMM.
From a technical standpoint, Lucid Group appears to be far more likely to trade higher than lower. I have place 3 price targets which in my view are likely levels for price to trade at. Lucid is still yet not profitable albeit some improvements to their revenues and profit margins over the last two quarters of 2024. I don't know much about the company products...
In this analysis, we delve into Ethereum's price action and the potential for a significant rally in the upcoming market cycle. By leveraging Fibonacci extensions and multi-year technical patterns, we can gain valuable insights into where the next major resistance levels may form. Looking back at the 2021 bull cycle, Ethereum reached its peak around $4,800,...
So when we look just at the Global M2 money supply, we can see its increasing and sharply. However, when you look at BTC, BTC is lagging behind, and the increase in M2 Global supply has yet to have an effect on BTC where we would expect to see a price increase as M2 money supply increases. If you compare the M2 Global money supply against S&P500 though, it tells...
Gold follow market structure have watched critically how buy pressure broke two previous highs to act as a dynamic support for uptick. And the zone 2623 into 2620 was a predicted buy zone and price played into the zone. Gold at the moment will need more buy liquidity to touch the zone of 2700 which will be a new all time high. on the roof price have created a...
So when we look just at the Global M2 money supply, we can see its increasing and sharply. However, when you look at BTC, BTC is lagging behind, and the increase in M2 Global supply has yet to have an effect on BTC where we would expect to see a price increase as M2 money supply increases. If you compare the M2 Global money supply against S&P500 though, it tells...
NZDUSD - 24h expiry Price action looks to be forming a top. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 0.6200 will confirm the bearish momentum. We look to Sell at 0.6240 (stop at 0.6270) Our profit targets will be 0.6180 and 0.6175 Resistance: 0.6225 / 0.6240...
Technical Analysis of MARA Based on Elliott Waves. The following analysis is based on the provided chart and is for educational purposes only. It does not constitute financial advice. Investing in stocks involves risk, and past performance does not guarantee future results. Always conduct thorough research and consult with a financial advisor before making any...
Oberoi Realty is presenting a promising swing trade opportunity based on the following technical signals. Reasons are listed below : Symmetrical Triangle Breakout : The price has broken out of a symmetrical triangle pattern, indicating a potential upward movement. Strong Bullish Candle : A robust bullish candle signals increasing buying momentum. Trading...
Gold (XAU/USD) has shown resilience, bouncing back to around $2,640 per ounce after hitting a daily low of $2,638 on Thursday. This recovery was fueled by growing concerns over a potential conflict between Israel and Iran, as well as a stronger US Dollar. On the fundamental side, gold remains influenced by expectations surrounding the Federal Reserve's (Fed)...