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Gold at Decision Point – Break or Correction?On the 15-minute gold chart, price is testing the key resistance around $4,381. This level has acted as a ceiling several times, suggesting strong selling pressure. The 50-period SMA at $4,234 still supports the broader uptrend, but momentum appears to be weakening near resistance. In the short term, a close below $4,340 could trigger a pullback toward $4,280 and possibly $4,240. A reasonable stop loss for this scenario is above $4,385. In the longer-term view (over the next few sessions), if gold breaks and sustains above $4,381, we could see an upside move toward $4,400 and $4,460. The protective stop for this bullish setup should be below $4,275. Overall, gold is at a decision point — a breakout could signal continuation of the bullish wave, while rejection from resistance may lead to a short-term correction.
TVC:GOLDLong
by isahebdadi
At the end of the ascending triangle, go shortToday, gold opened with a volatile climb and then consolidated at elevated levels. The bulls still have lingering momentum, but gold has been trading above its 5-period moving average for three consecutive days now. Since the start of this unilateral rally from 3,311, gold has consistently advanced with support from the 5-period moving average—only once did it find support at the 10-period moving average. When gold deviates from the 5-period moving average for an extended period and keeps rallying nonstop, a pullback correction is likely to occur. Furthermore, gold is trading at the end of an ascending triangle pattern, leaving little room for further movement, and a trend reversal could happen at any time. Realistically, due to the U.S. government shutdown, it’s nearly impossible to make reliable judgments based on economic data right now—the data is simply too untrustworthy, and any outcome would come as no surprise. That said, I don’t believe inflation will ease at all. In fact, the U.S. government shutdown has dealt a severe blow to the U.S. economy. Additionally, tariff tensions have never truly subsided; on the contrary, they are currently escalating step by step. Under such circumstances, I don’t think U.S. inflation will slow down—in fact, I lean toward the possibility of further inflationary pressures. If that’s the case, the Federal Reserve will likely put rate cuts on hold. Even if a rate cut is forced through in October, it will impact the progress of future rate cuts. Once inflation heats up, gold faces a high risk of a sharp collapse. In terms of market trading, gold’s rebound after the previous collapse has only fueled more bullish buying. Paradoxically, this has made the market unafraid of another collapse—traders now assume that any drop will be quickly followed by a rally to new highs. Amid the uptrend, chasing highs remains common, and rightly so, given the impressive gains in recent days. However, this could well be a sense of inertia instilled by the market, designed to make traders trust the bullish trend. If gold falls again, the decline will likely exceed 100 points. Resistance Levels: 4,275, 4,300 Support Levels: 4,235, 4,220 Trading Strategy While others are cautious, we’ll be greedy. We plan to consider shorting gold around the 4,275 level in the evening, waiting for a trend reversal. For specific trading decisions, please follow my real-time updates. I post my trading ideas and strategies daily. If you lack a plan or clear direction for gold trading and struggle to achieve consistent, stable profits, you can refer to and follow my updates as a reference and guide to help you avoid mistakes.
TVC:GOLDShort
by Matthew_8888
1
#GASUSDT #1D (ByBit) Falling broadening wedge breakout & retestNeoGas printed a golden cross on daily and a morning star at the same time, just like last year. Also formed a triangle, seems likely to bounce on 200MA support then break bullish in the coming weeks. ⚡️⚡️ #GAS/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.4% Current Price: 3.281 Entry Targets: 1) 3.201 Take-Profit Targets: 1) 4.387 Stop Targets: 1) 2.607 Published By: @Zblaba HOSE:GAS BYBIT:GASUSDT.P #1D #NeoGas #dBFT neo.org Risk/Reward= 1:2.0 Expected Profit= +74.1% Possible Loss= -37.1% Estimated Gaintime= 1-2 months
Long
by TradingOn
#SXTUSDT #1D (Binance Futures) Descending trendline break retestSpace and Time (SXT) pulled back to 50MA daily support, looks ready for mid-term recovery after those two dragonfly dojis in a row. ⚡️⚡️ #SXT/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.0% Entry Targets: 1) 0.08264 Take-Profit Targets: 1) 0.15684 Stop Targets: 1) 0.05787 Published By: @Zblaba NYSE:SXT BINANCE:SXTUSDT.P #1D #SpaceAndTime #ZK #AI #DPoS spaceandtime.io Risk/Reward= 1:3.0 Expected Profit= +179.6% Possible Loss= -59.9% Estimated Gaintime= 1 month
Long
by TradingOn
2
Is Western Digital Still Going North?Western Digital has been riding the AI boom to new highs. Now, after a pullback, some dip buyers may see an opportunity. The first pattern on today’s chart is the September 22 closing price of $112.41. WDC ripped through that level at the end of last month and stabilized slightly above it on Tuesday. Has old resistance become new support? Second, the bounce occurred at the rising 21-day exponential moving average (EMA). Third, the 8-day EMA is above the 21-day EMA. That may confirm it’s in an uptrend. Finally, stochastics are turning higher after dipping toward (but not reaching) oversold. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:WDC
by TradeStation
1
Solana Price Prediction SOL Defends $200 as DEX Volumes Beat ETHSolana (SOL) is holding $200 amid buyer defense of key trendline support, showcasing resilience as its DEX volumes surpass Ethereum's. Trading near $203 after stabilizing from $180–$185 lows, SOL benefits from surging DeFi activity, with daily DEX volume at $5.23 billion—16.3% of all blockchain activity—eclipsing Ethereum's $4.44 billion. This dominance, driven by low fees and memecoin frenzy, marks 10 consecutive months of Solana leading, with $124 billion in July trades 42% higher than ETH. On-chain metrics show TVL up 27.3% monthly and 83% YTD developer growth to $15.3 billion, signaling ecosystem strength. This article analyzes SOL's price action, DEX lead, and forecast. Position for SOL's potential rebound. SOL's Trendline Defense and DEX Supremacy SOL's buyers are defending the ascending trendline at $180–$185, rebounding to $200.55 after a dip to $178, with RSI at 58 signaling bullish momentum. The daily chart shows a falling wedge breakout potential, with MACD crossover (+0.12) targeting $215–$220 short-term. Fibonacci support at $170 holds, resistance at $205–$210. DEX volumes flipped Ethereum again, with Raydium capturing 49.2% share and $333 billion Q1 volume, fueled by Pump.fun (34.5% Q4 share). On-chain: 33 million to 44 million daily transactions and 72 million to 106 million active users reflect DeFi revival, with liquid staking +$2.1B, lending +$440M, and DEX +$985M since September. Memecoin share fell to under 30%, stablecoins at 58%, indicating maturation. Sentiment is 71% bullish, correlating 0.7 with ETH, but $200 tests as support—break below risks $170, above signals $230. Price Prediction: $200 Hold or $400 Surge? Short-term: SOL could reclaim $215–$220 if $200 holds, with ETF speculation (90% approval odds) adding fuel. Analysts forecast $400 max by 2025, or $201 by mid-October, driven by ecosystem growth. Bull case: DeFi snowball effect pushes $500, bear case: $180 retest on delays. TVL and developer surge support $200 as floor. Trading Signals: RSI and MACD Based on recent trends: SOL ($203): RSI at 58 (bullish). Bullish MACD (+0.12)—target $220 (8% upside). Fibonacci support at $180, resistance at $205. ETH ($4,500): RSI at 58. Bullish MACD (+0.12)—target $5,200 (15% upside). Support at $4,200, resistance at $4,760. Overall: RSI 58 signals longs at supports for 8–15% gains. Risks: delays (5–7% dip); hedge with USDC. Conclusion: SOL's DEX Lead Signals Strength SOL defending $200 as DEX volumes beat Ethereum underscores DeFi dominance, with RSI 58 and bullish MACD targeting $220. Buy the dip for ecosystem-driven upside—watch TVL for confirmation. What’s your SOL target? Comment below! #SolanaPrice #SOLPrediction #DEXVolume #Solana #TradingSignals
CRYPTOCAP:SOLLong
by CryptoLifeone
Alaska Airlines | ALK | Long at $49.77If the numbers (not the "economic downturn" reports on the news) are true, more and more people...year over year... are actually flying: www.tsa.gov In 2024, Alaska Airlines NYSE:ALK carried 36 million paying passengers, an increase from 35 million in 2023. The airline group reported 648 million available seat miles for the 12 months ending December 2023, and a 35% year-over-year increase in paying passenger miles for the fourth quarter of 2024. As of 2024, NYSE:ALK is the fifth-largest airline in North America by scheduled passengers carried . Technical Analysis NYSE:ALK entered the channel of my selected historical simple moving average ("regression to the mean"). Given the existing upward momentum and growth prospects, it's "likely" going to continue moving up after consolidating in the channel. However, dropping to the bottom of the channel (low $40's) is a possibility. As long as the fundamentals and outlook remain promising for the company, I suspect low oil and dropping interest rates will finally send airlines stock prices up. Revenue and Earnings Growth into 2028 Continued growth after 2025: www.tradingview.com Insiders Warning: A LOT of selling and no buying. openinsider.com Action The projected growth of NYSE:ALK makes sense as more people are flying. The great wealth transfer is putting money in the hands of the middle class... but the next few years may be the last run as we merge into a two-class system. So, while the stock may dip in 2025 as the economy slows (in certain segments), rising passenger numbers, lower oil, and dropping interest rates are likely to reward airlines. Thus, at $49.77, NYSE:ALK is a personal buy zone with near-term risk to the low $40's. Targets into 2028 $68.00 (+36.6%) $79.00 (+58.7%)
NYSE:ALKLong
by WorthlessViews
Gold → How to operate at nightToday, we highlighted the risks in gold’s upward movement. We also guided everyone to enter short positions on gold at high levels based on the intraday trend, and all these positions yielded solid profits. Currently, gold is trading within the 4,090–4,180 range. It has tested the lower end twice but failed to break below the 4,090 support level—this indicates strong buying interest (support) at lower prices, and the sharp drop during the Asian session was likely just profit-taking by funds that entered at high levels. Keep an eye on Fed Chair Powell’s speech in 10 minutes. As mentioned earlier, if Powell echoes the current rhetoric in favor of rate cuts, the bullish momentum will continue, and gold will keep hitting new highs. Conversely, if Powell expresses further resistance to rate cuts—causing market expectations for a Fed rate cut to plummet—gold will test the 4,090 support again. A break below this level may trigger a wave of profit-taking sell-offs, and gold’s bull market will come to a complete end. Trading Strategy Enter a light short position on gold around the 4,180 level, with a 3-point stop-loss. PS: Stop-losses are a must for news-driven markets; without them, you could easily get trapped if the price breaks out sharply. On the downside, focus on the 4,090 support. If this level is broken, continue to enter short positions on any rebound. For specific trading decisions, please follow my real-time updates. I post my trading ideas and strategies daily. If you lack a plan or clear direction for gold trading and struggle to achieve consistent, stable profits, you can refer to and follow my updates as a reference and guide to help you avoid mistakes.
TVC:GOLDShort
by Matthew_8888
2
DraftKings | DKNG | Long at $34.36Technical Analysis DraftKings NASDAQ:DKNG entered the bottom channel of my selected historical simple moving average ("regression to the mean"). Given the existing upward momentum and growth prospects, it's "likely" going to close the highest open price gap on the daily chart at $59.12. Revenue and Earnings Growth into 2028 Doubling of revenue projected by 2028 ($9.92 billion) compared to 2024 ($4.77 billion) 371.4% projected earnings increase from 2024 (-$1.05) to 2028 ($2.85) www.tradingview.com Health Debt-to-Equity: 1.9x (medium-level risk) Altman's Z-Score/Bankruptcy Risk: 2.8 (very low risk, but over 3 is best) Insiders Warning: A LOT of selling and no buying. openinsider.com Action The projected growth of NASDAQ:DKNG makes sense as more people entering the risky gambling world. While economic downturns are not favorable for vacation gambling destinations, they are favorable for online betting as consumers seek "viable" economic options... it's a dirty game we are all playing as traders here. While there is risk of the price gaps down to $15-$16 getting closed during a real crash, I just don't think the market is there... yet. Insiders selling and the competitive landscape are red flags, but from the technical analysis to the fundamentals, this looks like a promising growth stock. Thus, at $34.36, NASDAQ:DKNG is a personal buy zone with near-term risk between $28-$30. Targets into 2028 $47.00 (+36.8%) $58.00 (+68.8%)
NASDAQ:DKNGLong
by WorthlessViews
Boeing May Be StallingBoeing rallied sharply in the spring and early summer. But now some traders may think it’s stalling. The first pattern on today’s chart is the $225.50 level, a weekly low from September 5. BA broke under that level the following week and has stayed there since. It tried to rebound last Wednesday and was rejected. Has old support become new resistance? Second, the aerospace giant reported strong quarterly results on July 29. Buyers drove prices higher, but sellers turned the bullish open into a bearish engulfing day. That large outside candle is a potentially bearish reversal pattern. Third, July’s high occurred near a gap from January 8, 2024. Old resistance may have been confirmed. Next, the 8-day exponential moving average (EMA) is below the 21-day EMA. Last week’s high also occurred at the falling 50-day simple moving average. Those patterns may reflect new downtrends in the short- and intermediate-term. Finally, BA is an active underlier in the options market. (It averages about 135,000 contracts per session, according to TradeStation data.) That could help traders take positions with calls and puts. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options. Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com . TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:BA
by TradeStation
EOG Resources Breaks Down from Double Top – Bearish Outlook1. Double Top Breakdown EOG Resources has recently broken down from a Double Top pattern . This signals a bearish reversal after failing to sustain at higher levels. 2. Volume Surge Confirmation The breakdown was supported by a volume surge on the 2nd last trading day . Increased selling pressure adds conviction to the bearish move. 3. 200D SMA Rejection The stock recently tested the 200-Day Simple Moving Average (SMA) and reversed from it . This indicates strong resistance at that level and aligns with the bearish bias. 4. Price Target Based on technical setup and momentum, the next downside target is projected at 114.5 . 5. Technical Confluence Breakdown from a Double Top formation. Strong volume surge confirming the selling pressure. Reversal from the critical 200D SMA resistance. All factors point toward continued downside momentum.
NYSE:EOGShort
by peace_lover
News Corp (NWSA) Rockets Out of Double Bottom1. Double Bottom Breakout News Corporation has recently broken out of a Double Bottom pattern . This bullish reversal pattern suggests upside momentum after consolidating at lower levels. 2. 200D SMA Test and Reversal The stock tested the 200-Day Simple Moving Average (SMA) and reversed from it . This shows the long-term resistance was challenged, and the bounce indicates strength. 3. Strong Support Zone Price action highlights that NWS took support from the strong support zone in the range of (28.32–28.7) . This zone has acted as a solid base for buyers, reinforcing the bullish setup. 4. Price Target Based on the pattern breakout and support confirmation, the next upside target stands at 31.10 . 5. Technical Confluence Breakout from a major bullish reversal (Double Bottom). Reversal after testing the 200D SMA. Strong support zone held firmly at 28.32–28.7. All signals indicate continuation of bullish momentum.
NASDAQ:NWSALong
by peace_lover
Walmart Breaks Out of Double Bottom — Bullish MomentumWalmart Inc. (NYSE:WMT) has confirmed a bullish breakout from a well-defined double bottom pattern , signaling a potential trend reversal from recent consolidation. 📈 What’s Happening: After forming two distinct troughs near the same support zone, Walmart has broken above the neckline resistance , confirming the double bottom formation. Price action now suggests that bulls have regained control, setting the stage for further upside momentum. 🧩 Interpretation: This technical structure typically marks the end of a downtrend and the beginning of a new bullish leg . Sustained price action above the neckline would strengthen the bullish bias and open room for continuation toward the projected target zone. Reversal from 30D SMA: price has taken reversal from 30D SMA recently indicating more upward momentum for the stock 🎯 Target: 103.82
WLong
by peace_lover
Gold prices hit a new high, beware of a collapse and fallYesterday, gold opened at 4,002 and surged sharply to a high near 4,116—there’s no doubt the bulls have once again staged an explosive rally of over 100 points. As for the reasons behind this upward move, it’s clear to everyone: first, extremely high market panic triggered a safe-haven-driven rally for gold. Second, gold’s gap-up opening at the start of the session spurred market buyers to chase the bullish momentum. As gold climbed, it attracted a flood of buying interest, which in turn pushed prices even higher. For today, as gold has a tendency to trend in one direction (either bullish or bearish) on such days, how should we decide between going long or short? Gold opened around 4,110, dipped slightly in early trading to a low near 4,106 before rebounding to 4,116, and then consolidated at elevated levels before moving up to around 4,150. The bullish momentum remains formidable—even amid high-level consolidation, the bulls still have lingering strength. Notably, calls for a rate cut from Federal Reserve officials are growing louder, and the probability of a rate cut in October is now nearly a foregone conclusion. This has further fueled market buyers’ enthusiasm for the bullish trend. In particular, Fed Chair Powell is scheduled to speak today. If Powell echoes the current dovish rhetoric about rate cuts, the bullish momentum will likely continue—after all, rate cuts are an enormous boon for gold bulls. In such a scenario, Powell’s comments could prompt the market to increase bets on rate cuts, providing the gold bulls with a steady stream of momentum and driving gold to continue making new all-time highs. However, it’s worth noting that Powell could also surprise by striking a more hawkish tone and pushing back against further rate cuts. The reason is simple: the U.S. government shutdown. Due to the ongoing shutdown, the Fed lacks sufficient economic data to support its decisions, which may leave insufficient justification for a rate cut. Additionally, the current chaos in the U.S. economy and the renewed escalation of tariff tensions have further constrained the Fed’s policy options. Powell previously highlighted the impact of tariffs on Fed policy, so there’s a real possibility his hawkish remarks today could drastically reduce market expectations for a rate cut. If this happens, gold faces significant risk of a sharp collapse. Another point to consider is the timeliness of market news: the explosive impact of any event is temporary and will not drive long-term market trends unless the event itself persists or escalates. Given that gold has rallied from 3,946 last Friday to a recent high of 4,116, the bullish momentum has already been largely priced in. Even if the bulls still have some strength left today, we must remain vigilant against the risk of a sudden reversal and collapse. Furthermore, stock markets have recovered somewhat after their earlier sell-off, and the U.S. dollar has performed relatively well recently. As these assets rebound, market panic surrounding gold should ease slightly, thereby weakening the explosive momentum of the gold bulls. While China-U.S. tariff tensions have reignited, the new tariffs have not yet taken effect, and the future trajectory of this issue remains uncertain. Regarding geopolitical risks, tensions in the Middle East have eased somewhat, and while there have been threats of escalation in the Russia-Ukraine conflict, these have so far been more about intimidation than action. A nuclear escalation, after all, would trigger global panic, and the international community is unlikely to allow the situation to spiral out of control—instead, tensions are expected to de-escalate to some extent. Trading Strategy We remain bullish on the long-term trend but do not recommend chasing highs. Consider entering short positions on gold within the 4,050–4,058 range. For specific trading decisions, please follow my real-time updates. I post my trading ideas and strategies daily. If you lack a plan or clear direction for gold trading and struggle to achieve consistent, stable profits, you can refer to and follow my updates as a reference and guide to help you avoid mistakes.
TVC:GOLDShort
by Matthew_8888
1
Backtest Market Structure #1Backtest Market Structure #1 (9 month) Trading Code: XAUUSD Timeframe: 1H ENTRY BUY Trend: Forming a Higher High (BoS or ChoCh) Trade Quality: Price retraces to the Discount zone (≥ 50%) Trigger: Bullish confirmation candle closes above EMA200 Filter: ☐ The confirmation candle does not break the previous high — if it does, wait for the next wave. ☐ Try to catch the bottom a maximum of 2 times — if both fail (2 stop losses), wait for the next wave. ENTRY SELL Trend: Forming a Lower Low (BoS or ChoCh) Trade Quality: Price retraces to the Premium zone (≥ 50%) Trigger: Bearish confirmation candle closes below EMA200 Filter: ☐ The confirmation candle does not break the previous low — if it does, wait for the next wave. ☐ Try to catch the top a maximum of 2 times — if both fail (2 stop losses), wait for the next wave. Stop Loss: Below the low or above the high (+/- SPREAD) Take Profit: 1.5 : 1 Capital: 10,000 USD cent Risk: 2% per trade = 200 USD Order Type: Market Maximum Drawdown (MDD): 10% per week
FX:XAUUSD
by KiraNg_
1
Gold → Unilateral surge, then go long after a pullbackGold opened higher today, surging to around the 4,060 level and returning to all-time highs once again—last week’s pullback has been completely reversed by bulls. Just as gold broke through the 3,897 level after three tests earlier, it quickly rallied to the next resistance at 4,085 following the breakout above 4,060. After a minor pullback and consolidation, it is now making a push toward 4,100. Candlesticks continue to maintain a healthy oscillating uptrend along the short-term moving averages, suggesting the short-term movement may be a second rally after a pullback correction. On the 1-hour timeframe, after a series of small upward moves, prices are temporarily in a narrow-range consolidation at high levels. There is a certain degree of divergence emerging on minor timeframes, indicating potential room for a short-term correction. The main driver behind today’s gold rally remains the volatile trade tensions. Gold is still in an uptrend, but the strength of this uptrend will depend on developments in trade negotiations. If tensions continue to escalate, gold is likely to break through and hit new highs. Conversely, if trade talks make smooth progress, gold will undergo a correction. Trading Strategy:In this kind of market, even though we know it’s a bullish trend, we do not recommend chasing highs directly. Wait for a second pullback before entering light long positions. For short positions, consider waiting until around the 4,100-4125 level. For specific trading decisions, please follow my real-time updates. I post my trading ideas and strategies daily. If you lack a plan or clear direction for gold trading and struggle to achieve consistent, stable profits, you can refer to and follow my updates as a reference and guide to help you avoid mistakes.
TVC:GOLDLong
by Matthew_8888
Carnival May Be SinkingCarnival sailed higher in the spring, but some traders may think the cruise-ship operator is sinking. The first pattern on today’s chart is the large bearish engulfing candle on September 29 after results and guidance surprised to the upside. Such a rejection of positive news may suggest investors were less optimistic about its fundamentals. Second, prices ended that session below the 50-day simple moving average. They have remained there since, which may reflect a weaker intermediate-term trend. Third, CCL stalled near its June 2021 high. Was long-term resistance confirmed? Next, the stock bounced near $28 in August. It remained above that level in early October, only to break support on Friday. Finally, the 8-day exponential moving average (EMA) is below the 21-day EMA. MACD is also falling. Those signals may be consistent with short-term bearishness. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:CCL
by TradeStation