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GOLD → Consolidation after the fall. Trading inside the rangeFX:XAUUSD is forming consolidation in a new bearish plane after a strong fall on Wednesday. The emphasis is on 2622 - 2581. The fundamental background is negative and technically the price is testing the lows. On Wednesday, the Fed adopted a more conservative approach to monetary policy, laying down only 2 rate cuts in 2025, which generally had a negative impact on the whole market except for the dollar, which is breaking through local highs. Today traders await the release of the PCE, which is the Fed's preferred measure of inflation. Any surprise in the PCE data or an escalation of political uncertainty could push metal prices up. From a technical point of view, the gold market remains in the previously mentioned consolidation, and prices fluctuate in wide ranges, which is generally logical for the end of the calendar year: reduced liquidity and increased volatility... Resistance levels: 2616, 2622 Support levels: 2589, 2581, 2560 Since the price is inside the consolidation, it is worth considering trading from the boundaries of this range. In the long term, I expect a retest of the key resistance 2616-2622 in the form of a false breakdown and a fall towards local lows Regards R. Linda!
FX:XAUUSDShort
by RLinda
4
HelenP. I Bitcoin can make correction and then continue growHi folks today I'm prepared for you Bitcoin analytics. In the chart, we can see how the price fell to the support level and some time traded near it and later broke this level and continued to decline to the trend line. After this movement, the price turned around and made impulse up, thereby reaching the 99500 level one more time and soon broke it again. Later, the price some time traded near this level and then continued to move up to the resistance level, which coincided with the resistance zone. When the price reached this level, it first made the correction and then made an impulse up, breaking the resistance level. After this, the price reached a new ATH (108K points) and then dropped to the trend line, breaking the resistance level again. Soon, BTC broke the trend line and fell to the support level, but a not long time ago it rebounded and started to move up. For this case, I expect that BTCUSDT will make small corrections and then continue to move up to the resistance level. That's why I set my goal at 105000 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
6
GOLD (XAUUSD) - Daily & H4 - Technical Analysis & Trading Ideas💡 All Technical Analysis & Trading Ideas are generated by #4CastMachine AI software. Mid-term forecast (Daily TF): While the price is above the support 2475.27, resumption of uptrend is expected. There is a possibility of upward price rejection in the areas indicated on the chart. If the support at 2475.27 is broken, the short-term forecast -resumption of uptrend- will be invalid. Short-term forecast (H4 TF): Bearish wave toward the Buy Zone If the price is rejected from the buy zone, another impulse wave will start toward higher TPs. SL: Below 2560.27 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is 🙏 appreciated!❤️ Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
OANDA:XAUUSDLong
by ForecastCity
4
Bitcoin BEARISH 4 Hour Chart - Trend Line Support BrokeBitcoin has broke down through an important trend line support level on the 4 hour chart. It is currently in the process of re-testing the line before a continuation down again. It's possible that Bitcoin may gain short-term up to around $100000 before the re-testing is complete. Or it may just start falling like a rock before then. The trend line was tested multiple times and is a reliable signal of what is to come. This also agrees with my analysis on the weekly chart too. Both charts indicate a potential drop for Bitcoin to around $75000. Please note: this is a crazy world and anything could happen, but this is my analysis based solely on the chart. I would say the same if it were corn, copper, or whatever else. Be cautious buying Bitcoin anytime soon based solely on hype! As I said above, it could gain short term to re-test the line which is now resistance, but it will probably be short-lived.
COINBASE:BTCUSDShort
by EACoders
1
Gold Consolidates Between Key Levels Amid Bearish TrendGold Technical Analysis The price recently reached the support level at 2585 and reversed. However, the bearish trend remains intact as long as gold trades below 2612. Gold is currently consolidating between 2612 and 2585. A breakout in either direction will determine the next trend: Stability above 2612, confirmed by a 4-hour candle close, suggests a move toward 2623. Stability below 2585 indicates a drop toward 2558. Key Levels: Pivot Point: 2612 Resistance Levels: 2623, 2638, 2653 Support Levels: 2586, 2572, 2558 Trend Outlook: Bearish Momentum: Likely below 2623 and 2612. Bullish Momentum: Possible above 2623. Previous idea:
OANDA:XAUUSDShort
by SroshMayi
LTC long termLike the other Alts just some moon. however some shake outs are always in play. Marcetcap will correct. If marketcap is the same at doge now 750 USD for LTC is atleast possible. Dips will be caused by some fud. Bad exchanges some troubles with law things maybe war... there is always something. then the rally up in January. Will be short but if it wont push it will stay there for a week or so. then corrects back to 50 EMA on 4 hour. people scream crypto ded blabla. Some wierd Red moon blue moon stuff will come out. and in march we get the pump. enjoy the ride.
COINBASE:LTCUSDLong
by JT-KO
2
NASDAQ Bearish Momentum Persists as Price Drops 2.7% in 24 HoursTechnical Analysis The price has dropped more than 2.7% in the last 24 hours. The bearish trend, as highlighted in the previous analysis, remains intact. The price is likely to stabilize within the bearish trend, targeting 20,670 and 20,550, as long as it trades below 20,990. However, a bullish correction toward 20,860 or 20,990 is possible, particularly if the price stabilizes above 20,860. Key Levels: Pivot Point: 20860 Resistance Levels: 20990, 21080, 21210 Support Levels: 20780, 20670, 20550 Trend Outlook: - Bearish Momentum with stability below 20990 - Bullish Momentum by stability above 20990 Previous idea:
OANDA:NAS100USDShort
by SroshMayi
LTC | ALTCOINS | Sinking Ship? Verdict is inLTC has been a topic of many discussions during 2024, with the biggest question being around it's ability to reclaim past highs (and make a new ATH). Similarly to UNI and ADA (to name a few), Litecoin has been unable to break out above it's immediate major resistance zones. This goes to show that there are bag-holders creating major supply zones. This is NOT GOOD for any coin, as it really damages it's potential for organic growth. ________________________ BINANCE:LTCUSDT
Short
by CryptoCheck-
How low could BTC drop?Bitcoin prices have dropped sharply over the past three days, making it a tough period for crypto and altcoin holders. At one point, ETH was down 24% from its December 16 high, while Litecoin saw a full 41% drop from its peak. These sharp declines may encourage some buyers to take advantage of the massive pullback in altcoins, but watching Bitcoin's movements is crucial. When BTC finds a low, the chances of a low in altcoins will be greater. So, from which level could BTC bottom out? Since November 12, Bitcoin has been moving within a bullish channel, steadily pushing higher as latecomers joined the rally. However, it has now breached the channel, as the chart shows. And as long as Bitcoin trades below today's high of 98,253, this trendline break remains valid, suggesting the potential for further downside. So, how low could prices go? A 21% correction from the all-time high is reasonable in a typical bull trend. This would bring Bitcoin's price down to approximately 85,000. If that happens, many latecomers who bought since November 12 would likely be stopped out, potentially allowing the price to stabilize and resume its upward trajectory from that level. A stronger support level exists at the March and October highs of 74,000. Hopefully, the market won't test this level, which marked the start of the latest rally after the US election. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:BTCUSDShort
by ThinkMarkets
Price Tests Key Levels as Bullish and Bearish Momentum CompeteTechnical Analysis The price dropped as anticipated in the previous analysis. Today, the price is likely to attempt to reach 41,960. A break below this level would confirm further bearish movement toward 41,740. However, if the price stabilizes above 41,970, it could support a bullish move toward the pivot zone at 42,370. Key Levels: Pivot Point: 42130 Resistance Levels: 42370, 42590, 42770 Support Levels: 41970, 41740, 41560 Trend Outlook: Bullish Momentum: Expected if the price stabilizes above 41,970. Bearish Momentum: Likely with stability below 41,970. previous idea:
OANDA:US30USDShort
by SroshMayi
Short gold after hitting 2635-2645 areaBrothers, we went long on gold near 2591 yesterday and closed the long position near 2607 this morning, making a profit of 160 pips easily, which is a very good trading result. After closing the long position, I originally planned to wait for gold to fall back and continue to go long on gold in the 2595-2590 area, but after I closed the order, gold has been fluctuating in the 2607-2600 area, and did not give me the opportunity to go long on gold again. So it's a pity that I missed this time when gold continued to rebound. At present, gold has reached around 2628, and the increase has not exceeded my expectations. I think gold may even continue to rebound to the 2635-2645 area. However, if gold touches this area for the first time, I think there will be an opportunity for gold to fall back to build up momentum and extend its effect. So, if gold touches the 2635-2645 area as expected, I will choose to short gold once!Bros, will you choose to short gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
NIFTY50.....Wave y up?Hello Traders, the NIFTY50 extend his gains to 24857 on December 05th! After, a sharp decline to 23537 occurr. This move took the shap of a flat in progress, and if so to come, the next move would be to the upside. Targets remain from 24537 to 25234 area. Note the detailed count. The advance from the December 5th low is three waves and so a wave w! The decline is an, so called, "whatever correction", and the possible move to the upside, if so to come, must be an ("a-b-1-2-3-4-5")-y advance! Thereafter a decline to lower lows below 23263 should be next! But it is to early to judge and we have an eye to the facts. In fact! If this move was all of the correction (@ 23263) the next move is an impulse to new highs in the coming weeks. Have a great week..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase