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Gold - Starting A Major -25% Correction!Gold ( TVC:GOLD ) is starting to reject resistance: Click chart above to see the detailed analysis👆🏻 After rallying an incredible +35% during 2024, Gold is now (finally) starting to show some expected weakness at a major resistance trendline. Following this quite significant overextension, it is quite likely that we will see at least a short term bearish correction now. Levels to watch: $2.700, $2.000 Keep your long term vision, Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
6
The bears have great selling pressure - the trend is DOWN⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices rose late in the North American session on Friday, gaining 0.67%, though still poised for a monthly loss of over 3%. Geopolitical uncertainty continues to influence the market, with the non-yielding metal fluctuating near $2,600. Currently, XAU/USD trades at $2,652 after touching a daily low of $2,634. Tensions in the Middle East eased following a ceasefire agreement between Israel and Lebanon. However, both sides later accused each other of breaching the terms of the truce. ⭐️Personal comments NOVA: If there are no surprises - war news breaks out, the gold price will return to its real value below 2600 by the end of 2024. The long-term technical chart is also supporting this ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2657 - $2659 SL $2664 TP1: $2650 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2607 - $2605 SL $2600 TP1: $2615 TP2: $2630 TP3: $2645 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
5
Bitcoin can correct to support line and then continue to growHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price started to grow inside the pennant near the support line and later reached the 93500 support level, which coincided with the support area. Soon, the price broke this level and continued to move up to the resistance level, which coincided with the seller zone and even entered to this area, after which it reached the resistance line of the pennant. Then BTC turned around and declined to support line and later exited from the pennant pattern, after which little fell and then rose to the 98500 level. BTC tried to break it, but failed and dropped to support level firstly and soon broke this level too and fell until to 90785 points. Then Bitcoin turned around and rose to the 93500 support level, broke it, and later rose to the resistance level. After this, the price turned around and made correction to support line of triangle, but a not long time ago it turned around and started to grow. So, in my opinion, the price can decline to the support line and then continue to grow to the resistance level. When the price reaches this level, it can break it, thereby exiting from the triangle also and then going next, making firstly retest or without it. For this case, I set two TP: first at the 98500 level, and second at 100500 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
7
TIAUSD Its 1st ever 1D Golden Cross can take it to $46.00!Celestia (TIAUSD) is ahead of its first 1D Golden Cross in history, which should have been completed by next Monday the latest. Having broken above the Lower Highs trend-line that has dominated the majority of 2024, the only technical obstacle now is the 1W MA50 (red trend-line). If that breaks, we expect the 1D Golden Cross to deliver a parabolic rally similar to November 2023 - January 2024. That was a +1018.18% rise from the bottom, which gives us a target estimate of $46.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:TIAUSDLong
by TradingShot
1
Summary of Global Financial and Political Developments 02.12.24Summary of Global Financial and Political Developments (December 2, 2024): Federal Reserve and Monetary Policy: - Potential Interest Rate Cuts: - John Williams (New York Fed President) indicated that monetary policy remains restrictive and future actions depend on incoming data. He expects inflation to decrease to 2% and anticipates U.S. GDP growth around 2.5% in 2024. - Christopher Waller (Fed Governor) expressed support for a rate cut in December due to concerns about inflation stalling above 2%. He noted that the labor market is balanced. - Raphael Bostic (Atlanta Fed President) stated that the economy is on solid footing and is open-minded about upcoming policy decisions, acknowledging uncertainties in the labor market. Market Movements: - U.S. Stock Markets: - The S&P 500 closed at its 54th record high this year, driven by technology stocks like Tesla and Apple. - The Nasdaq 100 rose over 1%. - Treasury Yields: - The 10-year U.S. Treasury yield increased to 4.22% as traders anticipated a potential rate cut. - Currency Markets: - The U.S. dollar strengthened against the euro and yen amid political uncertainties in Europe and expectations of U.S. rate cuts. - Commodity Prices: - Crude oil prices fluctuated due to OPEC uncertainty and a stronger dollar, with WTI crude settling at $68.10 per barrel. OPEC and Oil Production: - OPEC+ sources indicated that the group is likely to extend oil output cuts until the end of the first quarter of 2025. - Iraq halted operations at the Basra oil refinery due to overloaded fuel oil storage tanks. - OPEC crude output rose by 120,000 barrels per day to 27.02 million barrels per day in November. Political Developments: - France: - Prime Minister Michel Barnier faced potential no-confidence votes over the government's budget proposal. - The far-right National Rally party, led by Marine Le Pen, threatened to oppose the budget. - The government made concessions by agreeing to scrap plans to reduce medication reimbursements. - French bond yields rose, with the 10-year yield briefly trading above Greece's for the first time. - The CAC 40 stock index dropped by 1.1% in early trading due to political uncertainties. - United Kingdom: - Prime Minister Starmer named Sir Chris Wormald as the new cabinet secretary and head of the civil service. - South Africa: - Clarified that BRICS has no plans to create a new currency, responding to threats of tariffs from Donald Trump. Geopolitical Tensions: - Middle East: - Israel attacked targets in Lebanon after Hezbollah launched missiles toward Israeli territory, violating the ceasefire. - Former U.S. President Donald Trump warned of severe consequences in the Middle East if Gaza hostages are not released before January 20. - Pro-Iranian Shi'ite militias entered Syria from Iraq to support government forces against rebels. - Syrian and Russian air forces conducted strikes on rebel-held positions. -U.S.-China Relations: - The U.S. tightened export controls on AI memory and semiconductor tools to China to curb technological advancements. - China's Commerce Ministry condemned the U.S. measures as economic coercion. - The Chinese yuan weakened to its lowest level since July. Economic Data Releases: - United States: - ISM Manufacturing PMI for November rose to 48.4, still indicating contraction. - Construction spending increased by 0.4% in October. - Eurozone: - Manufacturing PMI remained in contraction at 45.2 in November. - Unemployment rate held steady at 6.3% in October. - China: - Caixin Manufacturing PMI increased to 51.5 in November, signaling expansion. - Australia: - Retail sales grew by 0.6% month-over-month in October, surpassing forecasts. - Building approvals increased by 4.2% in October. - Canada: - Manufacturing PMI rose to 52.0 from 51.1, indicating improved manufacturing activity. European Central Bank (ECB) Actions: - ECB officials indicated that further rate cuts are likely in December due to persistent inflation concerns. - Olli Rehn and Yannis Stournaras suggested that rate cuts may continue. - Martin Kazaks mentioned that the ECB might discuss a larger rate cut but acknowledged high uncertainty. - ECB's Philip Lane projected that inflation would reach a sustainable 2% in 2025 and noted that monetary policy remains restrictive. Other Notable Events: - Donald Trump nominated Warren Stephens as U.S. Ambassador to the UK. - The Crypto Fear and Greed Index reached 80 out of 100, indicating extreme greed among investors. - China's President Xi Jinping called for the promotion of the Belt and Road Initiative. - China's central bank (PBOC) signaled plans to continue an accommodative monetary policy and reduce financing costs for enterprises and residents. - Japan's government bond market dysfunction eased, according to a Bank of Japan survey. Conclusion: - Global markets are experiencing volatility due to a mix of monetary policy signals, geopolitical tensions, and political uncertainties. - Anticipation of rate cuts by the Federal Reserve and the European Central Bank is affecting bond yields and currency valuations. - Escalating tensions in the Middle East and ongoing U.S.-China trade disputes are contributing to market uncertainty. - Political developments in France are impacting European markets and the euro. - Mixed economic data across major economies highlight the uneven pace of global economic recovery. - Investors are closely monitoring these developments for potential impacts on global financial markets and economic growth prospects.
by InvestMate
7
JASMY Levels of Support and ResistanceJASMY has had a solid 12 months of growth, being up over 1200% from the bedrock price of $0.0028. Key levels below the ATH are $0.025 which is the current battleground, it is currently using it as support, but no reason it won't drop below that level until it consolidates above $0.08. $0.08 will likely be the next pump target which is a nice 1x return $0.20 represents the next key level of resistance as the price 3 years ago (NOV 2021). $0.66 is a key Fibonacci level (0.236) on the way to the $1.75 resistance. Anything above that is price discovery. LONG TERM - Before 2030 The only target that makes sense on the weekly above that is the 5.58 Fibonacci level, but that $5.67 target would be next cycle.
CRYPTO:JASMYUSD
by CryptoMitchX
4
XRP: No Real Limit, New All-Time High, Support Levels & MoreThere is truly no limit as to how far up it can go. What if XRP is on a trajectory to reach $30, what then? Do you think it would be thinking about retraces and corrections? Of course not... There is only one reason why XRP wasn't growing really strong, and that was because the SEC was blocking it and everything that came together with that situation. With the old-SEC out of the way, there is nothing going against XRP or the Cryptocurrency market for that matter. In fact, we know we now have favorable conditions developing for us, so we can expect, aim at and hope for maximum growth. Let's see if the chart agrees. The Fib. extension numbers can help us project future resistance points, but there is nothing in the laws of nature that says that a trading pair, a Crypto, an Altcoin, a project, needs to stop at a certain price. How far up a pair goes will be fully decided based on the market, based on demand and maker dynamics. The more favorable the dynamics, the greater the potential for growth. We are looking at the monthly timeframe. XRPUSDT closed November as the first green bullish breakout month coming out of a weak period since March 2020. That is to say, this is the start. November 2024 marks the beginning of the full-blown bull-market. This month, December, starts green with great momentum. This is strongly positive and signals that we are likely to see continued growth. Retraces should only be momentary and any drop should be bought; I repeat, any and all drops are an opportunity for buying, because we are looking at the market based on the long-term. Resistance turned support. XRPUSDT conquered two major resistance points so the short-term support levels are now higher. Trading above 1.96 is ultra-bullish, above 1.60 also. The main major support is 1.325 but this isn't likely to be tested, the chart is pointing straight up. We are bullish; the market is bullish and we will continue to be bullish for as long as the chart says so. This is only the beginning and we are ready and fired up to receive all of the abundance that this market has in store for us. This is it. This is the opportunity of a lifetime. History in the making. A new form of money. Crypto is the evolution of money; buy and hold. Namaste.
Long
by AlanSantana
1
NVDA: Bullish Above $141.17, Bearish Below $136.75After a thorough analysis, I've observed that NVIDIA Corporation (NVDA) closed at $138.64 in the latest trading session. The stock moved sideways during the second half of the day, suggesting consolidation and a potential setup for a significant price movement. Key Levels to Watch Strong Support: $136.75 (indicated by a white dotted line on the chart) Immediate Resistance: $141.17 Upper Target: $149.28 Lower Targets: $135.08, $133.05 Bullish Scenario :- Holding Above $136.75: Remaining above this strong support indicates a possible swing bullish trend. Break Above $141.17: Surpassing this resistance could open the path toward the upper target of $149.28. Consider long positions if the price sustains above $136.75 and especially if it breaks above $141.17. Stop-Loss: Set below $136.75 to manage risk. Take-Profit Levels: First at $141.17, then at $149.28. Bearish Scenario :- Break Below $136.75: A decisive drop below this support within the next 1-2 days could signal a bearish opportunity. Downside Targets: Initial target at $135.08. Potential further decline toward $133.05. Consider short positions if the price falls below $136.75. Stop-Loss: Set above $136.75 to limit potential losses. Take-Profit Levels: First at $135.08, then at $133.05. NVDA is at a pivotal point. The stock's ability to stay above or below the key support and resistance levels will likely determine its next direction. Traders should keep a close eye on these levels and exercise proper risk management due to potential volatility.
NASDAQ:NVDALong
by Mercury812
4
VeChain Price Analysis: Targeting $0.22 in a 32-Day CycleThis is my analysis of VeChain's price chart. I believe it will behave similarly to its performance in 2021. Over a 32-day period, I anticipate the price will rise to $0.22. Additional Notes and Suggestions: 1. Historical Patterns: Comparing the current price action to 2021 is a reasonable approach if there are clear similarities in volume, sentiment, and market conditions. However, ensure you evaluate the broader crypto market trends in 2024 compared to 2021 to validate this comparison. 2. Fibonacci Levels: The chart shows strong resistance near the $0.18-$0.22 levels (Fibonacci 1.0-1.618). Monitor how price reacts to these levels, as they could either confirm the bullish breakout or signal a reversal. The 0.786 ($0.14405) and 0.618 ($0.11635) retracement levels could act as key support zones in case of a pullback. 3. Volume and Momentum: Look for increasing trading volume and strong bullish momentum to support your prediction. A divergence between price and volume could indicate weakening trends. 4. Risk Management: If trading, set stop-loss levels to manage potential losses. Price could consolidate or retrace sharply, particularly if broader market conditions shift. 5. Market News: Stay updated with any VeChain-specific announcements or partnerships. Positive news can act as a catalyst to accelerate price movement towards your target.
Long
by imhshahdi
4
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Frustrating, choppy, ranging... What more can we say on Gold! Red boxes worked well for the scalps, we managed short and a long hitting the Excalibur target 1. We still have another active which is a bit concerning and warning us of a big move on the horizon. As you can see from the chart, the red boxes are holding as support and resistance levels for now while price accumulates between them. Best practice here is to wait for the breakout, not get excited every time it moves 80-100pips. The levels of 2655-7 which was our bias level for the short is working well, but 2630 is controlling price from below. For that reason, we'll stick with the plan for now, scalp on the intra-day boxes, and unless we get the higher level to short from we'll play it say. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
3