The bounce back for Chewy NYSE:CHWY has been in the dog pound and nearing all-time lows. With a generation of single millennials adopting furry friends for some much-needed companionship, Chewy is bound to have its day in the sun (Ayyy don't kill the messenger just observation 🤣 )
At this discounted price, I'd say Chewy is a real diamond in the ruff, and it's only a matter of time before it bounces back. After all, who doesn't love a good bargain? Woooof
Trend Line Break
GOLD IS BEARISH !!!!www.tradingview.com
GOLD maintains a bearish stance. The price appears to be exiting the corrective phase that ensued following an unconfirmed breach of support. The market seems poised for a further decline.
On the 1-hour chart, XAUUSD has broken below the trendline and is positioned beneath the 50 and 100 Moving Averages. The Momentum oscillator has crossed below the 100 level from above, providing an additional bearish signal for Gold.
Initiate a sell position on XAUUSD if it breaches below $2340;
🎯 Target $2328.
GOLD, Price vulnerable under the 2365-2358 ResistanceThe Gold fundamentals are negative and as long as price is trading under the 2365-2358 resistance zone. There is still a high probability of a high selling pressure happening. The GOLD fundamentals are still negative with the FED likely to CUT INTEREST rate and the pending inflation data.
Resistance : 2358 - 2365
Support 1 : 2335
Support 2 : 2305
Gold trading strategy today, short-term sell entryWorld gold prices today (May 29) increased in the context of a weakening USD, while investors are still waiting for US inflation data later this week to judge when the Fed will cut interest rates. .
The US Dollar Index fell 0.1% to its lowest in more than a week, making gold cheaper for holders of other currencies.
Investors will monitor the US core personal consumption expenditures (PCE) price index published on Friday (May 31). This index is considered the main inflation measure of the US Federal Reserve (Fed).
Military conflicts taking place in the Middle East and the Russia-Ukraine war are continuing to cause geopolitical instability, reinforcing gold's appeal as a safe-haven asset.
Bob Yawger of Mizuho Bank said that according to some sources, a member of the Egyptian security agency was killed in a firefight with Israeli forces.
Additionally, central banks around the world have steadily increased their gold holdings over the past two years, with China's central bank being one of the most active buyers.
GOLD → Consolidation before distribution. $2,400 or $2,300?FX:XAUUSD after a false breakdown of the support of the range is forming a correction, but within the upward consolidation channel. The fundamental background is still negative.
There is no strong news in the next two days, so the fundamental background remains the same. There is no strong buyer on the market yet and thus, gold may continue its downward movement if it breaks through the support area: the rising line or the approximate area of 2340. A break of the local uptrending support line will move the market into the realization phase, which will be a continuation of the decline. The structure may be broken if the price rises and consolidates above 2354. In this case, the price may head towards 2374.
Resistance levels: 2354, 2358, 2370
Support levels: 2340, 2335, 2325
I expect that with high probability the decline may continue. But in the phase of waiting for strong news (Thursday and Friday), the market may gather liquidity.
Regards R. Linda!
STEEM NEW INCREASE FLOWI hope you all are doing well and navigating the crypto market with the best strategies that are possible for you.
This update is for STEEMUSDT.
STEEMS seems on interesting zone which allows the possibility high for a new break.
STEEM seems to be at an important key level, where it has a high chance of breaking in the coming time.
We will follow this coin with the possibility of the trend increasing and breaking.
Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis that are long-term profitable.
The reason for expecting this coin can increase
Activation of a new trend with the possibility of starting a new cycle.
Good times, everyone.
This update is not trading or financial advice.
Gold trading strategy today, uptrendToday's gold price is trading at 2,352 USD/ounce, a sharp increase of 18 USD compared to the previous day's opening price of 2,334 USD/ounce.
World gold prices fluctuated in the context of data from the Commodity Futures Trading Commission (CFTC - US) showing that gold investment funds increased their buying positions by 194,000 contracts.
This information can make many investors expect the gold market to heat up. Therefore, they took advantage of putting capital into this precious metal. Gold price today has upward momentum.
On the other hand, the world geopolitical situation becomes more complicated as the military conflict between Israel and Hamas forces becomes increasingly tense. Since then, many financial institutions have increased their need to shelter capital in gold. Today's increase in gold prices in the world is understandable.
Optimistic about Gold, increased then decreased againWorld gold prices increased with spot gold increasing by 15 USD to 2,350.7 USD/ounce. Gold futures last traded at 2,352.5 USD/ounce, up 18 USD compared to yesterday morning.
World yellow metal prices increased slightly at the beginning of the week as investors expected an important inflation report released this weekend that would change the US Federal Reserve's (Fed) view on cutting cuts. interest rates.
Recently, the Fed's positive interest rate stance has caused great pressure on the precious metals market. According to UBS analyst Giovanni Staunovo, gold has suffered from more hawkish comments from Fed officials and better-than-expected US economic data. Bullion has lost $100 since the precious metal hit a record high of $2,449.89 an ounce last week.
According to the latest Fed meeting minutes, US Central Bank officials indicated that it may take longer than expected to bring inflation down to 2%.
According to FXTM market analyst Lukman Otunuga, in the current environment, the gold market will be sensitive to inflation data. Accordingly, if the report shows downward price pressure, it may arouse hopes of cutting interest rates by the Fed and boost gold prices. On the contrary, if PCE is higher than market forecasts, it will deal another blow to expectations of Fed interest rate cuts and cause gold prices to fall even deeper. This expert said that the downward momentum could bring the price to the support level of 2,300 USD/ounce or lower.
MTL TRENDING NEW LONGHi Traders,
I hope you all are doing well and navigating the crypto market with your best strategies.
This update is for MTLUSDT.
MTL is looking interesting over the next time frames and may show increased volume. That's why we're keeping an eye on this coin.
$2.00 is a key confirmation zone. If the coin breaks this level, there's a high chance it could reach $2.68
Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis.
Good times, everyone.
This update is not trading or financial advice.
GOLD → Correction after strong sell-offs. What's next?FX:XAUUSD is trading in the range of 2335-2397. Bulls are trying to keep the price from falling, countering the market in the 2330-2340 area. A rebound may reach local liquidity zones.
At the moment the market is bearish but also volatile. Any news could have a strong impact on the dolar and gold. In the mid-term, since after a false break of support a rebound is forming, which is developing within a possible fourth wave, this movement may reach the local liquidity areas 2354, 2368 before a possible further fall. It is worth paying attention to the nearest resistance areas and any market reaction in the form of weakness may give a corresponding reaction - a decline.
Resistance levels: 2354, 2368, 2374
Support levels: 2335
Today is a holiday in the USA and the market volatility may be low. A correction is forming, the purpose of which is to collect liquidity. The fall may continue from local reversal zones.
Regards R. Linda!
CADCHF → Realization phase. Growth after breakthroughOANDA:CADCHF may continue its growth after confirmation of bulls' intentions. CHF is weakening faster than CAD, which in general will favorably affect the currency pair. We expect the growth to 0.68
The price is breaking the global resistance, as well as moving the consolidation pattern into the realization phase. Consolidation of the price above the previously broken trend boundary will be a great sign that the currency pair is ready to go higher. Fundamentally, the situation is relatively stable, which is generally positive for us. Ahead of resistance 0.6722, the level can be broken after a quick retest. The formation of a bullish impulse is possible.
Resistance levels: 0.6722
Support levels: 0.6694, 0.6655
Technically and fundamentally conditions are favorable. We are waiting for confirmation of the signal with the purpose of further growth to the previously mentioned targets.
Regards R. Linda!
✨ ONEUSDT: Breakout from Descending Channel Signal📊 Chart Analysis :
The ONEUSDT daily chart shows a descending channel pattern, which is a bullish reversal signal when broken to the upside. The price has been contained within this downward-sloping channel since early April, and it is now approaching a breakout point.
- Resistance Level: The upper boundary of the descending channel around $0.0220.
- Potential Target: Upon a successful breakout, the measured move target is around $0.0320, indicating a potential upside of approximately 46%.
- Volume: An increase in volume on the breakout would confirm the strength of the move.
🔍 Technical Indicator Analysis :
Momentum:
- RSI: Mostly neutral across timeframes, indicating balanced momentum with a slight bullish bias in the mid-term (12h at 56.8).
Trend:
- ADX: Neutral across most timeframes, with a slight bullish bias in the long term (1w at 29), suggesting emerging trend strength.
- CCI: Bullish in the short term (1h at 100.4) but turns neutral or bearish in longer timeframes.
- Ichimoku: Bullish in the mid-term (6h to 12h) but remains bearish in the longer term (1d to 1w), indicating potential short-term upward movement.
- MACD: Bullish in the short term (1h) and mid-term (1d), with bearish signals in the longer term (3d to 1w).
Volatility:
- ATR: Low fluctuation in the short term, indicating stable price action, with high fluctuation expected in the longer term.
- Bollinger Bands: Neutral in the short term, high fluctuation in the long term, suggesting potential increased volatility.
Volume:
- ADI, OBV: Generally bearish in the short term, but turns bullish in the mid to long term, indicating accumulation.
- VWAP: Bullish in the short term, bearish in the longer term, highlighting mixed volume trends.
🔮 Prediction :
Short-term (1h - 4h): Expect bullish movement with short-term indicators pointing upwards.
Mid-term (6h - 12h): Continued bullish momentum likely as indicated by Ichimoku and MACD.
Long-term (3d - 1w): Caution is advised due to mixed signals and potential high volatility.
📝 Conclusion :
ONEUSDT is poised for a potential bullish breakout from its descending channel pattern. Short to mid-term indicators support an upward move, while longer-term indicators suggest caution due to potential volatility.
💡 Final Call :
- Watch for a breakout above $0.0220 with increased volume for confirmation.
- Monitor key support at $0.0170 and resistance at $0.0220.
- Prepare for potential volatility and manage risk appropriately.
- Remember, Patience is the key in trading.
🙏 Thank You :
Thank you for reading this analysis. Always conduct your own research (DYOR) and make informed trading decisions. Happy trading!
Tags: #TechnicalAnalysis #ONEUSDT #CryptoTrading #BullishBreakout #Cryptocurrency
✨ KAVAUSDT: Bullish Breakout Anticipated After Consolidation📊 Chart Analysis :
The KAVAUSDT 1D chart indicates a potential bullish breakout following a period of consolidation. The downtrend line drawn from early April has been tested multiple times, with the price now approaching a breakout point. The key aspects of this chart include:
- Resistance Level: The downward trendline around $0.68, acting as a significant resistance.
- Potential Target: Based on the breakout projection, the target price is around $0.83, indicating a potential upside of approximately 25%.
- Volume: A spike in volume upon breaking the trendline will confirm the breakout and strengthen the bullish case.
🔍 Technical Indicator Analysis :
Analyzing the technical indicators across different timeframes reveals mixed signals but a generally bullish outlook in the short to mid-term.
Momentum:
- RSI: Neutral across all timeframes, indicating neither overbought nor oversold conditions, with a slight bullish bias in the short term (1h at 58.1).
Trend:
- ADX: Mostly neutral, indicating a lack of strong trend strength currently.
- CCI: Bullish in the short term (1h at 195.9), but turns neutral or slightly bearish in longer timeframes.
- Ichimoku: Bullish in the short to mid-term (up to 12h), indicating a positive trend development. However, it turns bearish in the longer term (3d, 1w).
- MACD: Bullish in the short term but turns bearish in the mid to long term (6h to 1w).
Volatility:
- ATR: Low fluctuation across most timeframes, indicating low volatility and potential for a breakout.
- Bollinger Bands: Neutral in the short term but high fluctuation in the longer term, suggesting increasing volatility.
Volume:
- ADI, OBV, VWAP: ADI and OBV show bearish signals in the short term but turn bullish in the longer term, indicating accumulation. VWAP remains bullish across most timeframes.
🔮 Prediction :
Short-term (1h - 4h): Expect a bullish movement as indicated by the bullish MACD and CCI.
Mid-term (6h - 12h): Continued bullish momentum is likely, supported by bullish Ichimoku and ADI indicators.
Long-term (3d - 1w): Caution is advised as longer-term indicators suggest potential bearish trends and high fluctuation volatility.
📝 Conclusion :
KAVAUSDT is positioned for a potential bullish breakout following a period of consolidation. Short to mid-term indicators favor upward movement, while longer-term signals urge caution due to potential bearish trends and increased volatility.
💡 Final Call :
- Watch for a breakout above $0.68 ~ $0.69 with increased volume for confirmation.
- Monitor key support at $0.58 and resistance at $0.65.
- Prepare for potential volatility and manage risk appropriately.
- Remember, Patience is the key in trading.
🙏 Thank You :
Thank you for reading this analysis. Always conduct your own research (DYOR) and make informed trading decisions. Happy trading!
#TechnicalAnalysis #KAVAUSDT #CryptoTrading #BullishBreakout #Cryptocurrency
Trading strategy today, downtrendKitco News' latest gold survey shows more than three-quarters of industry experts believe gold prices have stabilized or will fall next week. Meanwhile, half of retail traders polled still believe the precious metal could move higher in the coming days.
ActivTrades senior analyst Ricardo Evangelista said that information in the Fed's meeting minutes has caused traders to push back the expected interest rate cut from September to November. This change has helped push Treasury yields and the USD higher and put pressure on precious metals.
Market strategist Colin Cieszynski of SIA Wealth Management is neutral on gold this week. He said that the gold market will be quiet this week without important events.
Reports released this week include: Consumer confidence report, preliminary report on GDP in the first quarter of the US, weekly unemployment benefit applications, pending home sales, Personal consumption expenditure reports along with personal income reports in the US
Gold is expected to be quiet this week, entry sell todayWorld gold prices tend to increase with spot gold increasing by 2.4 USD compared to last week's closing level to 2,335.7 USD/ounce.
Last week, world gold prices continuously "plunged" after breaking all the records conquered in April. Kitco News's latest weekly gold survey results showed that more than three-quarters of experts believe gold prices are stable or will fall in the near term, while half of retail traders still believe the precious metal could move higher in the coming days.
Looking at gold's fluctuations last week, senior market analyst Darin Newsom of Barchart.com said that gold is likely to decline this week.
Sharing the same view, Bannockburn Global Forex CEO Marc Chandler also sees further downside risks for gold in the near future. According to Chandler, the reason gold set a record high early last week at 2,450 USD/ounce was because the market reacted to information related to the accident that claimed the life of the President of Iran. However, the strength of the USD caused gold to be sold off and plummet to nearly 2,300 USD/ounce.
Besides, the decrease in demand for gold from Chinese investors is also a disadvantage for this precious metal. Chandler forecasts that gold's initial resistance this week is at $2,375/ounce. Support is in the range of $2,275 to $2,300 per ounce.
Market strategist Colin Cieszynski of SIA Wealth Management is neutral on gold this week. He said that the gold market will be quiet this week without important events.
After the news, PMI continued to decrease and increase slightlyWorld gold prices continued to decline sharply with spot gold down 48.6 USD to 2,329.4 USD/ounce. Gold futures last traded at 2,330.1 USD/ounce, down 52 USD compared to yesterday morning.
The world gold market continues to be under pressure to take profits and gold prices fall to the lowest level in a week, extending the decline for the third consecutive session, as investors become increasingly concerned about the timing of interest rate cuts. of America and the strength of American business.
According to the latest report, US business activity in May accelerated to the highest level in more than 2 years, showing that economic growth recovered in the second quarter. After the report, the USD recovered strongly, offsetting intraday losses. This has reduced the attractiveness of precious metals to buyers holding other currencies.
TD Securities commodity strategist Daniel Ghali said that although the greenback's recovery and the weakening interest rate outlook have triggered a sell-off in the gold market, the correction will be relatively shallow. According to him, gold is adjusting to the view that the US Federal Reserve (Fed) will maintain high interest rates for a longer period of time, while at this meeting, the Fed mentioned the possibility of raising interest rates if inflation occurs. "persistent" development.
BTCUSD, Price in a supply region- Market bears to take controlBTCUSD started an upward trend since 1st May from $56,542 to a last week's high of $71,940.
BTCUSD price is hovering around a supply region and the bears are warming up to take control at the resistance level of $70,000.
My bias is bearish.
Resistance $71,198 - $70,400
Support: $64,595
SAREGAMA INDIA have Broken and Sustained at Retrestment LevelCompany is almost debt free.
Company has delivered good profit growth of 29.6% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 36.0%
Company’s Operating Revenue for Q4 FY24 stood at Rs 2,631 Mn growing at 29% both on YoY as
well as QoQ basis, with a strong adjusted EBITDA of Rs.864 Mn registering a YoY growth of 40%.
Company delivered a PBT of Rs 760 Mn with a 31% YOY growth.
Company’s Revenue from operations for FY24 stood at Rs 8,030 Mn with a strong adjusted EBITDA
of Rs. 3,029 Mn with a margin of 38%.
Company delivered a PBT of Rs 2,708 Mn with a 34% Margin
and PAT of Rs 1,976 Mn for FY24
Key Operational Highlights:
➢ The company’s strong performance is led by growth in music licensing on account of strong
advertisement revenues driven by its investment in new music and the revenues generated
through the artist management vertical
➢ This quarter saw music release of A.R.Rahman and Diljit Dosanjh’s Chamkila, Ajay Devgn’s
Maidaan, Ram Charan and Kiara Advani’s Game Changer, Yami Gautam’s “Article 370”,
Mohanlal’s Malaikottai Valliban, Diljit Dosanjh single Love Ya, multiple songs by Bhojpuri star
Neelkamal, Pawan Singh and Gujrati’s No.1 singer Rakesh Barot.
➢ During the Quarter, Company released 290 plus Originals and Premium Recreations
across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and
Bengali languages. Company also released 2,000 plus derivatives (LoFi, Trap Mix,
Cover, Acoustic etc.) which is driving the popularity and growth of its catalogue.
➢ The other highlight of the quarter was the use of our songs for Shahid Kapoor and Kriti Sanon
starrer 'Teri Baaton Mein Aisa Ulhja Jiya' (Hindi), for Mahesh Babu’s 'Guntur Karam’(Telugu),
for Dulquer Salmaan’s'King of Kotha’ (Malayalam) etc. and by brands like HUL Lux, Meesho,
Junglee Rummy, Andrex etc. in their ad films.
➢ Riding on the success of its Tamil Serial “Ilakkiya”, Company started its Malayalam remake
“Mangalyam Thanthunanena” on Surya Tv. We released “Crushed Season 4” series from Dice
of Pocket Aces on Amazon mini-TV.
➢ In Q4FY24 Yoodlee released Mohanlal starrer “Malaikottai Vaaliban” , Tovino Thomas starrer
“Anweshippin” in Malayalam and Gippy Grewal “Warning 2” in Punjabi.
➢ Digital footprint across Saregama owned and controlled channels touched 239Mn followers
and subscribers across YouTube, Instagram and Facebook.
SAREGAMA INDIA LTD have Broken its Long Retrestment LevelCompany is almost debt free.
Company has delivered good profit growth of 29.6% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 36.0%
Company’s Operating Revenue for Q4 FY24 stood at Rs 2,631 Mn growing at 29% both on YoY as well as QoQ basis, with a strong adjusted EBITDA of Rs.864 Mn registering a YoY growth of 40%.
Company delivered a PBT of Rs 760 Mn with a 31% YOY growth.
Company’s Revenue from operations for FY24 stood at Rs 8,030 Mn with a strong adjusted EBITDA
of Rs. 3,029 Mn with a margin of 38%.
Company delivered a PBT of Rs 2,708 Mn with a 34% Margin
and PAT of Rs 1,976 Mn for FY24
Key Operational Highlights:
➢ The company’s strong performance is led by growth in music licensing on account of strong
advertisement revenues driven by its investment in new music and the revenues generated
through the artist management vertical
➢ This quarter saw music release of A.R.Rahman and Diljit Dosanjh’s Chamkila, Ajay Devgn’s
Maidaan, Ram Charan and Kiara Advani’s Game Changer, Yami Gautam’s “Article 370”,
Mohanlal’s Malaikottai Valliban, Diljit Dosanjh single Love Ya, multiple songs by Bhojpuri star
Neelkamal, Pawan Singh and Gujrati’s No.1 singer Rakesh Barot.
➢ During the Quarter, Company released 290 plus Originals and Premium Recreations
across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and
Bengali languages. Company also released 2,000 plus derivatives (LoFi, Trap Mix,
Cover, Acoustic etc.) which is driving the popularity and growth of its catalogue.
➢ The other highlight of the quarter was the use of our songs for Shahid Kapoor and Kriti Sanon
starrer 'Teri Baaton Mein Aisa Ulhja Jiya' (Hindi), for Mahesh Babu’s 'Guntur Karam’(Telugu),
for Dulquer Salmaan’s'King of Kotha’ (Malayalam) etc. and by brands like HUL Lux, Meesho,
Junglee Rummy, Andrex etc. in their ad films.
➢ Riding on the success of its Tamil Serial “Ilakkiya”, Company started its Malayalam remake
“Mangalyam Thanthunanena” on Surya Tv. We released “Crushed Season 4” series from Dice
of Pocket Aces on Amazon mini-TV.
➢ In Q4FY24 Yoodlee released Mohanlal starrer “Malaikottai Vaaliban” , Tovino Thomas starrer
“Anweshippin” in Malayalam and Gippy Grewal “Warning 2” in Punjabi.
➢ Digital footprint across Saregama owned and controlled channels touched 239Mn followers
and subscribers across YouTube, Instagram and Facebook.
Stock at multiyear supportstock is at multiyear strong support along with 200 ema support on weekly Time frame suggesting strong buy. Also on daily Timeframe market structure is heigher high and lower highs
if breaks above Trendline then entry
Disclaimer : I am not a sebi registered all the analysis is for educational purpose only please consult your financial advisor before taking any entry, or investment
GOLD → There is no big buyer in the market. Moving to 2300?FX:XAUUSD continues to update lows amid a bearish wave based on fundamental (economic) reasons. The market after a pullback may be willing to continue falling.
On D1 the outlook and situation is in the hands of bears. There is no big buyer on the market, who could turn the market around (not yet). Accordingly, a correction is forming due to liquidity captured by the false breakdown relative to 2335. Within the counter-trend correction, the price may test the density zone of 2354 before further declines. A pre-breakdown consolidation or a quick retest of 2335 will form the potential for further decline.
Resistance levels: 2354, 2374
Support levels: 2335, 2306
False breakdown and stop from 2335 is most likely temporary. Keep an eye on local resistances, a false breakdown could be a motivation for sellers.
Regards R. Linda!
GBPUSD → A false breakout draws a pin bar. Sellers are winning FX:GBPUSD is forming a test of the resistance level at 1.271. There is a struggle for the level during the week and apparently the sellers are winning (pinbar is formed and consolidation under the level).
Technically, the downtrend was broken earlier, but there was no confirmation of the boundaries and confirmation of the trend change, so the area of 1.271 may become the zero point for the beginning of the correction. The currency pair on the background of fundamentally strong dollar may go down to 1.2664 with the subsequent breakout and fall to 1.257. Overall, the environment is unstable due to high inflation and regulators' decisions.
Resistance levels: 1.271, 1.28
Support levels: 1.2664, 1.257
I expect the beginning of correction to the support area, although the bearish channel was broken earlier, but there are no strong bulls in the market yet.
Regards R. Linda!
GOLD → The mood has shifted to bearish. A correction?FX:XAUUSD is forming a bearish wave, within which it is declining from 2400 to 2350. The price is testing strong support amid the changing sentiment.
Within a bullish trend, after testing the high of 2450, the market catches up with a correction wave based on fundamentals. The market is caught by a wave of sell-offs, which can be continued after a pullback and retest of local areas of liquidity. From 2354 we expect a rebound to the above-mentioned areas and further we should follow the price reaction to the liquidity areas.
Initial Jobless Claims and Purchasing Managers' Index are ahead. Traders are neutral towards the dollar, but amid the general policy, the dollar index may get support, which may have a peculiar effect on the gold, until the market finds new reasons to rise.
Resistance levels: 2374, 2383, 2397
Support levels: 2354, 2336, 2306
Technically and fundamentally the market is still bullish, but a correction is forming within the uptrend, which may take a little longer.
Regards R. Linda!