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#202534 - priceactiontds - weekly update - nasdaq futures Good Day and I hope you are well. comment: Market stayed around the 50% retracement from the prior 2 weeks selling. Bears need to miracle to keep it below 23600 and go down again. Bulls want the measured move up which could lead to 24200 or more. We are in the middle of the range and I need strong momentum on Monday to join either side. current market cycle: bull trend - peak bubble key levels for next week: 22800 - 24100 bull case: Bulls want a new ath but I doubt they will get it without a better pullback. The move on Friday was strong enough to expect at least a second leg. Otherwise I am having a hard time finding arguments for the bulls. They printed a higher low, which still confirms the bull trend and bulls can argue it’s a two-legged pullback on the daily chart. Confirmation is only above 23600 and if so, I’d expect a quick move to 23800. Invalidation is below 23400ish bear case: Bears can argue the red bear trend line is still valid (see chart) and that we retraced about 50% of the two-week selling. If they can stay below 23600, small chance that we reverse and continue down to 23000 and make lower lows again. For now bears are not favored and around 23500 it’s best to do nothing. Invalidation is above 23600 short term: Neutral around 23500. Can’t get much more out of the chart right now. medium-long term - Update from 2024-08-10: 22000 likely to get hit this year gain. 20000 seems a bit much for 3 months left.
CME_MINI:MNQ1!
by priceactiontds
Market revolves around FED and Trump, GOLD is limitedFederal Reserve Chairman Jerome Powell's speech at the Jackson Hole symposium on Friday was the focus of market attention this week. Powell's unexpectedly dovish remarks reinforced market hopes for a September rate cut. As a result, the US Dollar Index fell sharply on Friday, reversing the upward trend of the first four trading days of the week. Moreover, Friday's strong gains also pushed gold prices to a nearly $36 surge for the week. On Friday (August 22), the US Dollar fell sharply and gold prices soared due to dovish comments from Federal Reserve Chairman Powell Federal Reserve Chairman Jerome Powell hinted at future rate cuts in his highly anticipated speech at the Jackson Hole central bank's annual symposium, saying a rate cut "may be necessary" if conditions warrant. While he did not promise a rate cut, Powell said changes in the risk landscape could require adjustments to the Fed's policy guidance. “The stability of the unemployment rate and other labor market indicators allows us to be cautious as we consider changes to the stance of policy,” Powell said Friday. “However, changes in the baseline outlook and the balance of risks may make it appropriate to adjust the stance of policy while policy remains within its narrow range.” The remarks attempted to strike a delicate balance, acknowledging rising risks to the job market while warning that inflation pressures remain. Powell also stressed on Friday that policymakers must guard against persistent inflation risks from President Donald Trump’s tariffs. He said the impact of tariffs on consumer prices was “now evident,” but there was reason to expect the effects would be relatively short-lived. Following Powell’s speech, the US dollar fell sharply, gold prices jumped and the yield on the 2-year US Treasury note fell 10 basis points to 3.69%. Powell’s comments also highlighted the importance of jobs and inflation data ahead of the Federal Reserve’s policy meeting on September 16-17. The CME FedWatch tool shows that traders are now pricing in a 75% chance of a September rate cut. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold has recovered from $3,310, which is the first support point in the $3,310 – $3,292 area noted by readers in last week’s weekly edition. However, the temporary recovery is still limited by the 0.236% Fibonacci retracement level, which if gold breaks above this level with price action above $3,371, it will be eligible for further upside with the next target around $3,400 in the short term, more so than $3,430 – $3,450. Overall, gold is still in a sideways technical state as depicted inside the green rectangle. In case of a sell-off below the 0.382% Fibonacci retracement level, the downside momentum could also be limited by the $3,246 level followed by the $3,228 level at the 0.50% Fibonacci retracement price point. The relative strength index hovering around 50 also shows the market's indecision, it does not give any reliable signal whether the trend is bullish or bearish in terms of momentum. Looking ahead, gold is primed for a short-term rally, with a break above $3,371 a necessary condition for a new short-term rally, with the following key points to watch. Support: $3,350 – $3,310 – $3,300 Resistance: $3,371 – $3,400 – $3,430 SELL XAUUSD PRICE 3405 - 3403⚡️ ↠↠ Stop Loss 3409 →Take Profit 1 3397 ↨ →Take Profit 2 3391 BUY XAUUSD PRICE 3329 - 3331⚡️ ↠↠ Stop Loss 3325 →Take Profit 1 3327 ↨ →Take Profit 2 3333
OANDA:XAUUSDLong
by Xayah_trading
Get ready for the week's highlights, track negotiations progressOANDA:XAUUSD prices remained generally stable, in the Asian trading session on Friday (August 22), OANDA:XAUUSD fell slightly to $3,328/oz, equivalent to a decrease of $10 on the day as of the time of writing, extending the sideways accumulation. The focus of the week, Jackson Hole Gold continues to consolidate, with selling pressure holding back gains around $3,350/oz. Market participants await fresh messages from policymakers at the Jackson Hole Symposium. Today (Friday), Federal Reserve Chairman Powell will speak at the Jackson Hole Global Central Bank Annual Meeting. If Powell says we will cut rates again in October, November or December, the dollar could weaken and gold could have a chance to rise. Exclusive Reuters report, tracking the progress of the Russia-US-Ukraine negotiations Reuters has published an exclusive report in which three sources close to senior Kremlin leaders told Reuters that Russian President Vladimir Putin demanded that Ukraine abandon the entire Donbas region in the east, abandon its ambitions to join NATO, remain neutral and prevent Western troops from entering Ukraine. Last Friday, Putin met with President Trump in Alaska for the first summit between the United States and Russia in four years. According to Reuters sources, the nearly three-hour closed-door talks between the two sides were almost entirely devoted to discussing a compromise solution to the Ukraine issue. Standing next to Trump after the meeting, Putin said the meeting was expected to pave the way for peace in Ukraine, but neither Putin nor Trump revealed the specifics of the discussions. Reuters cited the most detailed Russian account yet of Putin’s proposal for the summit, outlining the outlines of a potential peace deal the Kremlin hopes to see. According to Russian sources, Putin has made some concessions based on territorial demands he made in June 2024. At that time, he asked Kyiv to give up four regions that Moscow claims as part of Russia: Donetsk and Luhansk (located in eastern Ukraine, collectively known as the Donbas region), as well as Kherson and Zaporizhia in the south. Reuters also reported that Putin maintained in his new proposal a demand for a full withdrawal of Ukrainian troops from the Donbass regions it still controls. However, they added that in return, Moscow would halt its frontline offensive in Zaporizhia and Kherson. According to US estimates and open-source data, Russia controls about 88% of the Donbas region and 73% of the Zaporizhia and Kherson regions. Sources said Putin also maintained his previous demands that Ukraine abandon its NATO membership bid and demanded that the US-led NATO make a legally binding commitment not to expand eastward, impose restrictions on the Ukrainian military and reach an agreement ensuring that no Western troops would be deployed as peacekeepers in Ukraine. There remains a wide gap between the two sides’ positions. The Ukrainian Foreign Ministry has yet to respond to the proposal. Technical analysis of OANDA:XAUUSD Gold has been moving sideways for most of the time, so the technical structure has not changed much and the positions are also kept the same as in the previous publications sent to readers. During the day, the technical outlook of gold price accumulation sideways will be noticed by the positions listed below. Support: 3,310 – 3,300 – 3,292 USD Resistance: 3,350 – 3,371 USD SELL XAUUSD PRICE 3376 - 3374⚡️ ↠↠ Stop Loss 3380 →Take Profit 1 3368 ↨ →Take Profit 2 3362 BUY XAUUSD PRICE 3299 - 3301⚡️ ↠↠ Stop Loss 3295 →Take Profit 1 3307 ↨ →Take Profit 2 3313
OANDA:XAUUSD
by Xayah_trading
2
GOLD eases after recovering from $3,310, data highlightsOANDA:XAUUSD edged down in Asian trade on Thursday (August 21), after a strong rally in the previous session. The current price is around $3,337/ounce, down 0.32% and around $10 on the day. OANDA:XAUUSD edged up on Wednesday. Bloomberg News analyzed that US President Trump's call for the resignation of Federal Reserve Board member Tim Cook has raised fresh concerns about the independence of the Federal Reserve, boosting safe-haven demand and causing gold prices to rise. On the other hand, Bloomberg also reported on Wednesday (August 20) that as gold prices have soared, the illegal gold trade has become one of the largest and fastest-growing illicit economies in the Western Hemisphere, and the U.S. government is facing pressure to step up its crackdown. According to a report released by the Financial and Corporate Transparency Alliance (FACT) on Wednesday, the boom in illegal gold mining and trading in some South American countries has become a crisis that the United States cannot ignore. In Colombia and Peru, two major cocaine-producing countries, illegal gold is estimated to generate more revenue for organized crime than the drug trade itself. The Washington-based financial advocacy group has called on Congress to pass legislation to address the environmental and social impacts of illegal gold mining. The rise of the illegal gold trade is due to a tripling of gold prices over the past decade and weak law enforcement as authorities remain focused on fighting drug trafficking. In terms of the day’s data highlights S&P Global will release preliminary figures for the US manufacturing and services Purchasing Managers’ Index (PMI) for August today (Thursday). This important report could have a significant impact on the direction of gold prices. Economists expect the preliminary US S&P Global Manufacturing PMI for August to be 49.5, compared to a final reading of 49.8 in July. In addition, the preliminary reading of the US S&P Global Services PMI for August is expected to be 54.2, compared to a final reading of 55.7 in July. The July services PMI was 55.7, and if August data shows a sharp decline, the US Dollar could be negatively affected immediately. On the other hand, if the manufacturing PMI recovers above 50 and the services PMI approaches July levels, the US Dollar could remain strong against other currencies, making it difficult for gold to regain its upward momentum. Technical Outlook Analysis OANDA:XAUUSD After receiving support from the $3,310 level, which is the support that readers have been paying attention to throughout the publications during this time, gold has recovered but the upside momentum has also been limited after testing the EMA21 line. Gold is under pressure from the EMA21, temporarily falling slightly but it may retest the $3,310 level in the short term as there is no more notable support than this level at present, followed by the full price point of $3,300. Personally, I still maintain the view that gold will continue to move sideways and wait for a strong enough fundamental impact to change the overall technical structure. The factors that show that gold is neutral are that it has not yet achieved the conditions for a long-term trend line, the sideways state is depicted by the green rectangle. Next is the price action clinging to the 21-day moving average, followed by the RSI moving around the 50 level, showing that the market sentiment is also hesitantly neutral without leaning to any particular side. During the day, the technical outlook of gold price accumulation sideways will be noticed by the positions listed below. Support: 3,310 – 3,300 – 3,292 USD Resistance: 3,350 – 3,371 USD SELL XAUUSD PRICE 3376 - 3374⚡️ ↠↠ Stop Loss 3380 →Take Profit 1 3368 ↨ →Take Profit 2 3362 BUY XAUUSD PRICE 3299 - 3301⚡️ ↠↠ Stop Loss 3295 →Take Profit 1 3307 ↨ →Take Profit 2 3313
OANDA:XAUUSD
by Xayah_trading
BTC - Short Trade Plan Updated details for this BTC short below, with a lower entry than first plan. DISCLAIMER - This is my personal trade only and I’m not advising you what to do with your money. Trading is risky and please use your own discretion and risk practices. Fundamental analysis of this trade can be found on my prior posts. Entry Range - 116,700 to 117,000 Stop Loss - 120,000 Target 1 - 88,000 Target 2 - 61,500 Target 3 - 35,000 Target 4 - 8,000 God speed. Let the dump begin.
Short
by DickDandy
12
ES Futures — Plan for Fri, Aug 22 Intraday trend on 15m/30m remains down. The 6,396–6,407 band is the pivot/decision zone. Tomorrow’s session is dominated by Powell’s Jackson Hole keynote (10:00 ET) — plan around it. Fundamentals & Risk Clock (ET) • 10:00 — Fed Chair Powell speaks at the Jackson Hole Economic Policy Symposium. Treat this as the day’s primary catalyst; no new entries 09:55–10:05 per risk rules.   • Otherwise, the U.S. calendar is relatively light vs. today’s prints; markets will key off the Powell tone and subsequent positioning.   Structure Map (carry-forward levels) Resistance / sell zones • 6,396–6,407 (pivot/decision band) – acceptance above flips bias; failure sends us back inside the range. • 6,412 → 6,418 – first upside magnets if the pivot breaks. • 6,433–6,436 – underside of prior distribution (primary cap). • 6,445–6,447 – secondary cap. • 6,469–6,471 & 6,476 – upper supply/“failure” lines. Support / buy zones • 6,392–6,388 – LVN pocket; moves often accelerate through here. • 6,386–6,382 – upper demand shelf. • 6,375–6,370 – NY low cluster/first demand band. • 6,366 → 6,357–6,352 – deeper HTF shelf if weakness extends. Preferred Setup (A++): Range-Continuation Short Take only with confirmation; score ≥9. • Trigger: First 5-minute close ≤ 6,390.5 after a failed probe of 6,396–6,407, and the next bar fails to reclaim 6,392–6,394. • Entry: 6,390.5 (MOS). • Stop: 6,396.5 (≈6 pts). • Targets: • TP1: 6,375.5 (+15) • TP2: 6,366.0 (+24) • TP3: 6,358.0 (+32) • Management: Scale ½ at TP1; move stop → BE only after a fresh 5m lower-low or a clean close through the TP1 zone. If no extension within 2×5m bars, cut to half/scratch. • Disqualifiers: Thick support immediately stacks under entry or a 15m acceptance back above 6,396–6,407. Flip Setup (A++ if accepted): Acceptance Long above Pivot Counter-trend unless 15m turns; size accordingly. • Trigger: First 5-minute close ≥ 6,407.5 and the next bar does not reclaim < 6,405. • Entry: 6,407.5 (MOS). • Stop: 6,401.5 (≈6 pts). • Targets: • TP1: 6,418.0 (+10.5 from trigger; acceptable given clean path) • TP2: 6,435.0 (+27.5) • TP3: trail toward 6,446+ if momentum persists. • Disqualifier: Quick slip back < 6,405 after trigger. Timing & Playbook • Primary trade windows: 09:45–11:30 ET and 13:50–15:45 ET. • Powell (10:00 ET): Plan around the speech; entries before the print must have exceptional quality, otherwise wait for post-event structure. • MOC module (15:40–16:10 ET): Use the imbalance as a tiebreaker: modest (<$0.5B) = range; strong (≥$1B) can drive a directional push into the cross.
CME_MINI:ES1!Short
by MyAlgoIndex
OGN ANALYSIS🔮#OGN Analysis 💰💰 #OGN is trading in a symmetrical triangle in a weekly time frame and breakouts with high volume and we could see a bullish momentum in #OGN. Before that we will see little bit bearish movement towards its support zone and that a bullish movement. 🔖 Current Price: $0.0768 ⏳ Target Price: $0.0998 ⁉️ What to do? - We can trade according to the chart and make some profits in #OGN. Keep your eyes on the chart, observe trading volume and stay accustom to market moves.💲💲 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #OGN #Cryptocurrency #Pump #DYOR
Long
by ZEUS_Market_Alerts
ES 08/21 — Key Levels - Short Bias - Setups - Fundamental Setups (A++ first) 1) SHORT — Retest-and-fail of supply (preferred) • Zones: 6,433–36 or 6,445–47 (upper band 6,469–71). • Trigger: 5-minute bearish close back below the shelf (no retest required); size to full only if a 15-minute bearish prints within the next 3×5m bars. • Risk: entry +6–8 pts. • TPs: +15 / +27 / +42 pts from entry (e.g., 6,445 → 6,430 / 6,418 / 6,403). • Continuation guard: within 2×5m price must extend the low or print a lower high while failing to reclaim the shelf; otherwise cut ½ or scratch to BE. 2) SHORT — Breakdown & acceptance • Trigger: 5m close < 6,418 and no immediate reclaim next bar. • Risk: entry +6–8 pts. • TPs: toward 6,406 → 6,392 → 6,382–76. 3) LONG — Only if promoted • Trigger: 5m close & hold ≥ 6,436 (offers pull/flip; next bar holds). • Risk: 6–8 pts (around 6,430). • TPs: 6,451 → 6,459–60 → 6,471–72. • Stand-down: lose 6,436 on a 5m close or see offers reload overhead. Execution windows: 9:45–10:45 ET and 13:50–15:30 ET; avoid new risk 11:30–13:30 without momentum/confirmation. Key levels (from HTF → LTF) • Pivot / line-in-sand: 6,463 (short bias while ≤ this). • Supply / sell zones: 6,433–36, 6,445–47, 6,469–71 (cap), 6,476. • Supports / magnets: 6,419–18, 6,406–03, 6,392–88, 6,382–76, 6,370, 6,357–52. Fundamentals — Thu, Aug 21, 2025 (ET) • 08:30 — Weekly Initial Jobless Claims (DOL). Weekly claims are published Thursdays at 8:30 a.m. ET.  • 08:30 — Philadelphia Fed Manufacturing Index (Aug). Next release Aug 21, 8:30 a.m. ET.  • 10:00 — Existing Home Sales (July, NAR). NAR schedules the Jul report for Thu, Aug 21 at 10:00 a.m. ET.  • 10:00 — Conference Board LEI (July). Thu, Aug 21, 10:00 a.m. ET.   • 10:30 — EIA Weekly Natural Gas Storage. Standard release Thursdays 10:30 a.m. ET; next release Aug 21.   • S&P Global Flash US PMI (Aug). Scheduled for Thursday (check S&P calendar; release times shown in UTC on their site).  • Jackson Hole Economic Policy Symposium begins (Aug 21–23). 2025 theme: “Labor Markets in Transition.”  How I’ll adapt intraday • A stronger-than-expected Claims/PMI/Philly Fed that lifts yields and the USD into 6,433–36 / 6,445–47 favors setup #1 (fade the pop). • EHS/LEI at 10:00 can whipsaw a breakdown—prefer acceptance before pressing setup #2. • If Jackson Hole headlines skew risk-on and we accept ≥ 6,436, switch to setup #3 toward 6,451/60/71–72.
CME_MINI:ES1!
by MyAlgoIndex
GOLD hits lowest level since August 1OANDA:XAUUSD fell sharply, hitting its lowest intraday level since August 1. Gold prices fell as US President Donald Trump, Ukrainian President Volodymyr Zelensky and European leaders discussed potential talks with Russia. Safe-haven demand eased as speculation about security in Kiev stoked optimism that the war could end. Last Friday’s meeting between US President Donald Trump and Russian President Vladimir Putin laid the groundwork for a possible solution. Trump met with Ukrainian President Volodymyr Zelensky and other European leaders on Monday to prepare for a possible ceasefire and push for a three-way meeting to start talks between Kyiv and Moscow. Trump said “Putin, Zelensky need to be flexible” and offer Ukraine some security guarantees to prevent another Russian attack. However, Trump has said he will not allow Ukraine to join NATO. Geopolitical developments suggest that a positive outcome from Trump’s meetings with Putin, Zelensky and European leaders could end the ongoing war. Rumors of a possible de-escalation of the conflict between Ukraine and Russia have weighed on gold, which typically benefits from global uncertainty. Traders are looking to the minutes of the Federal Reserve’s meeting today (Wednesday) and a speech by Fed Chairman Jerome Powell on Friday for guidance on the policy path. Gold itself does not generate interest, but is traditionally seen as a safe haven in times of uncertainty and tends to perform well in low-interest-rate environments. According to CME Group’s FedWatch tool, traders are currently pricing in an 85% chance that the Fed will cut rates by 25 basis points in September. Technical Outlook Analysis OANDA:XAUUSD Gold is in a key technical position with support noted to readers in the previous issue at $3,310, followed by the psychological point of $3,300 and the 0.382% Fibonacci retracement. If gold sells below $3,292 it will be in a position to expect a short-term decline, with the target likely to be $3,246 rather than the 0.50% Fibonacci retracement. Motivationally, the RSI is pointing below 50 and is far from the oversold zone (0-20) suggesting that there is still plenty of room for downside ahead. At the same time, gold is also under pressure from the EMA21 line, where if gold cannot move above this moving average, it will not have enough conditions to increase in the short term. During the day, overall, gold is still moving sideways and has not yet had a sustainable trend, it is also in a very important technical area with important supports. And the notable points will be listed as follows. Support: 3,310 - 3,300 - 3,292 USD Resistance: 3,350 - 3,371 USD SELL XAUUSD PRICE 3351 - 3349⚡️ ↠↠ Stop Loss 3355 →Take Profit 1 3343 ↨ →Take Profit 2 3337 BUY XAUUSD PRICE 3279 - 3281⚡️ ↠↠ Stop Loss 3275 →Take Profit 1 3287 ↨ →Take Profit 2 3293
OANDA:XAUUSD
by Xayah_trading
4
S 08/20 — Short bias below, Key Levels (watch FOMC minutes)Overview Higher-timeframe trend has shifted lower. After failing at ~6,476, price broke the 6,446 shelf and printed a new low near 6,419 with expanding volume. As long as we remain below 6,463, I keep a short bias and will fade bounces into supply. Key Levels • Line-in-the-sand: 6,463 • Resistance / Sell zones: 6,433–6,436, 6,445–6,447, 6,469–6,471, 6,476 • Supports / downside magnets: 6,419–6,418, 6,406–6,403, 6,392–6,388, 6,382–6,376 Primary Plan — Bearish continuation • Prefer selling failed retests into 6,433–6,436 or 6,445–6,447. • Targets: first back to 6,419–6,418, then 6,406–6,403, and if momentum persists 6,392–6,388 / 6,382–6,376. • Confirmation I want to see: intraday rejection wicks at the zone, momentum rolling over, and sellers stepping back in. Alternative — Breakdown • If price accepts below 6,418, I’ll look for continuation toward 6,403, then 6,392 / 6,376. Invalidation / Neutralization • Reclaiming 6,463 neutralizes the immediate short bias. • Acceptance ≥ 6,471–6,476 opens squeeze risk toward 6,491 / 6,500; I’d stand aside on shorts until structure turns back down. Event Risk (ET) — Wed 08/20 • 07:00 MBA Mortgage Applications • 10:30 EIA Weekly Petroleum Status Report • 13:00 U.S. 20-Year Treasury Auction • 14:00 FOMC Minutes (Jul meeting) Note: Expect headline-driven volatility around 14:00—I avoid initiating new positions into the release. Posting Notes This idea reflects levels visible on 1D/4H/1H (with 30m/15m for execution). I’ll update intraday if acceptance/rejection flips at the zones.
CME_MINI:ES1!Short
by MyAlgoIndex
GOLD range remains narrow, watch for progress in negotiationsOn Monday (August 18), according to Reuters, US President Donald Trump told Ukrainian President Volodymyr Zelenskiy that the United States would support Ukraine's security in any deal to end Russia's war in Ukraine. However, Reuters said the level of support was still unclear. OANDA:XAUUSD reacted quite mildly as no real message of sufficient weight was released, and market sentiment remained very hesitant, currently spot gold is trading around $3,335/oz, equivalent to an increase of about $2 on the day. Tracking the progress of the Ukraine ceasefire talks Trump made the pledge at a special summit at the White House, where he hosted Zelenskiy and a group of European allies. The pledge came days after meeting with Russian President Vladimir Putin in Alaska. The comments came months after Trump and Vice President J.D. Vance had a disastrous meeting in the Oval Office, in which he publicly criticized Ukrainian leader Volodymyr Zelensky. However, Reuters notes that a peace deal appears far from certain. Just before the talks began, the Russian Foreign Ministry ruled out the possibility of deploying NATO troops to help broker a peace deal, further complicating Trump’s proposal. Both Trump and Zelenskiy have said they hope Monday’s meeting will eventually lead to three-way talks with Putin. The Kremlin has not publicly endorsed such talks, and it remains unclear whether Putin, whose forces are advancing into eastern Ukraine, is willing to sit down with Zelenskiy or make meaningful concessions. Trump tweeted late Monday that he had called Putin and was beginning to arrange a meeting between Putin and Zelensky, followed by a three-way summit between the three presidents. Meanwhile, European leaders have arrived in Washington to support Ukraine and urge Trump to get Putin to agree to a ceasefire before any talks can begin. Trump had previously supported the proposal but reversed course after meeting with Putin on Friday, agreeing with Moscow’s stance that any peace deal must be comprehensive. Speaking to reporters in the Oval Office on Monday, Trump said he liked the concept of a ceasefire, but the two sides could negotiate a peace deal while fighting continued. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold weakened after failing to break above the EMA21 line, which was the near resistance that readers noticed in the previous issue. Gold has also shown signs of a possible short-term decline, but the trend is still not really clear and solid. Specifically, the Relative Strength Index has fallen below 50, but the slope is insignificant, indicating that the bearish momentum is not strong. This is followed by price action below the EMA21 but not far from this moving average, while still remaining above the psychologically important $3,300 price mark. If gold does not sell below $3,300, it is likely to have clear conditions for a short-term downtrend, which is generally sideways. The content of the Trump multilateral meeting, with Ukraine and Europe, will impact market sentiment, and the catalyst is strong enough to break the current structure and hesitation to create a technical trend in the short to medium term. During the day, with the current position, the gold price still has a technical outlook of sideways accumulation and notable positions will be listed as follows. Support: 3,310 - 3,300 - 3,292 USD Resistance: 3,350 - 3,371 - 3,400 USD SELL XAUUSD PRICE 3376 - 3374⚡️ ↠↠ Stop Loss 3380 →Take Profit 1 3368 ↨ →Take Profit 2 3362 BUY XAUUSD PRICE 3299 - 3301⚡️ ↠↠ Stop Loss 3295 →Take Profit 1 3307 ↨ →Take Profit 2 3313
OANDA:XAUUSD
by Xayah_trading
#202533 - priceactiontds - weekly update - nasdaq e-miniGood Day and I hope you are well. comment: Neutral. Bull flag but market is holding above the breakout price around 23800. Bears need a strong move below 23600 for more downside and if bulls stay above 23800, we can only assume sideways to up movement. I doubt we get another leg up but I have been wrong on that couple of times now. No longs for me above 23500. Only interested in a breakdown for 23400ish or 23000. current market cycle: bull trend - peak bubble key levels for next week: 22800 - 24100 bull case: Bulls remain in full control but a bigger pullback is expected. Until that happens, we can continue up since market is living on momentum and it’s still going strong. For a change bulls need to be trapped and that has not happened since April. Every dip buy was profitable but I do think it’s way beyond overdone and moronic to buy above 23000. Invalidation is below 22700 bear case: Bears still do not have anything here. It doesn’t ever matter if we print 24000 or stay below 23848, until we see big bear bars closing on their lows again, this is likely going higher and bears can not hold short here where the strategy is hope. Nothing has changed last week. Bears need big red bars closing on their lows and trapping late bulls. Invalidation is above 24100 short term: Neutral at best. Bears not doing enough and btfd is still going strong. Could easily do another test for 24100 before turning but I would not be surprised if we grind down to 23400ish and test the trend line again. medium-long term - Update from 2024-08-10: Bear trend did not start last week. Sad but ok. I am still only interested in seeing this bubble popping.
CME_MINI:MNQ1!
by priceactiontds
2
GOLD rebounds slightly, data supports rate cut expectations, PPIOANDA:XAUUSD rebounded slightly, currently trading around $3,351/oz, positive US inflation data for July reinforced market expectations for a rate cut by the Federal Reserve in September, while a weaker US dollar boosted the appeal of gold. Mild inflation supports rate cut expectations Data from the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI) rose 2.7% year-on-year in July, below expectations of 2.8% and unchanged from June. Core CPI rose 3.1% year-on-year and 0.3% month-on-month, the largest increase in six months. While core inflation remains above the Federal Reserve’s target, the overall data was interpreted by the market as positive for a rate cut. The US Dollar Index fell to 98.02, making non-dollar-denominated gold more attractive. Market data showed traders are betting that the chances of a Fed rate cut in September and December remain high. Next up, the US will release weekly PPI, retail sales and initial jobless claims data, all of which could influence the policy outlook. Viewpoint: Rate cuts and political uncertainty pave the way for gold to hit new highs Uncertainty over the independence of the Federal Reserve and continued central bank buying of gold are key factors supporting gold prices. Demand for gold ETFs grew at its fastest pace since early 2020 in the first half of this year. If the independence of the Federal Reserve is increasingly questioned, the safe-haven value of gold will increase significantly. Gold is a counterweight to fiat currencies (US dollars), and once investors question the independence of central banks, demand will increase. Forex Market Volatility and Safe Haven Demand Recent trade policy uncertainty has added to volatility in global forex markets. The Indian rupee is nearing a record low against the US dollar, with the Reserve Bank of India selling at least $5 billion to support the exchange rate. The US dollar has weakened after a brief rally, while the Chinese yuan has remained stable. The weakening US dollar has somewhat increased the relative appeal of gold, leading to a recovery in safe-haven demand. Technical Outlook Analysis OANDA:XAUUSD Gold rallied, but the recovery momentum is still limited by the EMA21 as the first resistance, followed by the 0.236% Fibonacci retracement level. If gold breaks above the 0.236% Fibonacci retracement level, it will be eligible to continue to increase in price towards the 3,400 USD price point, opening a new bullish cycle. However, at the current position, gold price can still retest the $3,310 – $3,300 area due to the pressure from EMA21 and 0.236% Fibonacci retracement. This means that the $3,310 – $3,300 area is an important support area for the uptrend. As long as gold remains above $3,300, it can still increase in the short term, but in case of a sell-off below $3,300, confirmed by a price action below $3,292, it will open the conditions for a downtrend with the next target around $3,246 in the short term. During the day, the trend of gold prices is generally sideways, with balanced conditions and indicators, described by the Relative Strength Index (RSI) hovering around the 50 level, also showing the market's hesitant sentiment. Personally, I am inclined to the upside, along with that, open long positions should be protected when the 3,300 USD mark is broken below. Notable positions will also be listed as follows. Support: 3,310 – 3,300 – 3,292 USD Resistance: 3,350 – 3,371 – 3,400 USD SELL XAUUSD PRICE 3391 - 3389⚡️ ↠↠ Stop Loss 3395 →Take Profit 1 3383 ↨ →Take Profit 2 3377 BUY XAUUSD PRICE 3299 - 3301⚡️ ↠↠ Stop Loss 3295 →Take Profit 1 3307 ↨ →Take Profit 2 3313
OANDA:XAUUSD
by Xayah_trading
NASDAQ at Make-or-Break Resistance – Is a Sharp Drop to 23,292 "📉 NASDAQ at Make-or-Break Resistance – Is a Sharp Drop to 23,292 Next?" 📊 NASDAQ is currently trading within a well-defined resistance zone (23,812 – 24,007) after a recent rally from the support base near 22,800. The structure suggests a potential sell-side setup if price respects the resistance and fails to break higher. 🧐 Market Structure Analysis Support Zone: Around 22,800, where buyers previously stepped in, forming a Higher Low and initiating the last bullish leg. Resistance Zone: 23,812 – 24,007, marked by previous rejections and a Break of Liquidity (BOL). Price has tapped into the entry zone just below resistance, hinting at possible exhaustion from buyers. The chart indicates a bearish bias from this zone, aiming for a move toward 23,292.5 (marked target). 🎯 Educational Trade Example Entry Zone: 23,812 – 24,007 Stop Loss: Above 24,007 to protect against breakout rallies. Target: 23,292.5 (aligned with previous structural support). Rationale: Trading against strong resistance offers asymmetric R:R if momentum shifts bearish. The Higher Low before resistance can act as liquidity fuel for sellers once demand weakens. Clear invalidation point keeps risk defined. ⚠ Invalidation Scenarios A strong breakout and close above 24,007 with follow-through volume would invalidate the short idea and potentially signal continuation toward 24,200+. 💡 Key Takeaways for Students Zone-to-Zone Trading: Always define both entry and exit zones before execution. Structure Before Strategy: The market’s reaction to resistance is the clue — confirmation comes before position sizing. Risk Management is Non-Negotiable: Even high-probability setups require strict stop placement.
IG:NASDAQShort
by Mentor_Michael03
1
BTC - Short Plan UpdateAs per previous warning of the possibility of upwards liquidity grab first, here are updated details and a better entry for this trade. Entry - 118,500-119,000 Stop Loss - 122,000 Target 1 - 62,000 Target 2 - 35,000 Target 3 - 8,000 - Note that per my plan we would drop to 35,000 and retrace (long) back up to 84,000 to 90,000 to form a 3 wave corrective drop. - Note that the ultimate bottom could also sit between 17,000 to 19,000, however per my years of work, I believe 7,000 to 8,000 will be hit. NOTE THIS IS NOT FINANCIAL ADVICE NOR IS IT A SUGGESTION ON HOW TO MANAGE YOUR MONEY. THIS IS MY PERSONAL TRADE ONLY. Happy Trading.
Short
by DickDandy
1