Recent price action on S&P futures suggests a potential rollover happening now, particularly after today's sell-off. This downturn began after the index peaked at 5,333.5 on April 1, 2024. Despite this, the upcoming Federal Reserve meeting and forthcoming high-profile earnings reports, such as NVDA's in late May, add layers of uncertainty. Notably, NVDA has...
- Crude oil had a retracement on daily time frame towards trendline. - Price has retraced to 0.5-0.618 zone, a bullish momentum from here can break previous highs - A bullish divergence has also formed with double bottom pattern on hourly time frame. - Mulitple confluences make this a good buy opportunity for long.
Gold has retraced from its max value of 2431.590. Currently it is at key trendline level on daily. But we see no signs of bearish trend slowing down. Hence, price may fall further. Bearish continuation pattern has been formed and on break of its pole end, price will continue bearish, which gives us a good opportunity to sell.
As you can see, gold is in its descending channel and respects the trend lines. Now there are two views! If gold is rejected from the price range of 2332 to 2337, my target short position will be the price of 2268. If it can reach the supply range of 2358 to 2363 and be rejected from this area, the target of our short position will undoubtedly be 2246-2350.
Silver has been in a downward pointing "shape" with a resistance on the top as a force pointing down, while being supported in a "cup" shaped support that can become resistance on the up if it is broken down. The levels in this project are potential support/resistance zones in the future, where potential pivot points can occur (marked examples in the past)....
Gold is very often able to outperform US Dollar (vs foreign currencies) strength in its bull eras. I made it easy for you to spot when the march upwards resumes on this daily chart. Now don't say I can't help ;-) #gold #dxy #usdollar
Gold has broken its previous high and established a new record. However, sustaining bullish momentum without a pullback is unlikely to be sustainable. TP and SL are marked. Always follow risk management
if news on gdp is bad and unemployment claims is high. price shoots down, i'll look to take this long here. not exactly right tp, but will long
Good Evening and I hope you are well. comment: Big selling today and melted through 80. My thesis over the past weeks was a correction to around 77. We are at 79 and the odds are very high that we get there. Might see another bounce first though. Unsure and we have to wait for tomorrow. current market cycle: most recent bull trend is over and we are...
multiday short trade on sp500 . Tp at 4700 at the SP/VIX ratio, candle marked a bad bearish shadow, a hypothetical prelude to the formation of a bearish parallel channel. Possible index target 4700 points.
WTF was that? LOL, Powell pump and dump in just one hour. I know I keep saying Fed days always whipsaw, but that was ridiculous. Futures up a little on QCOM earnings, Europe might bounce overnight, sold of hard this morning, more whipsaw. Anyways, it messed up the indicators, so no trading until things go overbought or oversold. Taking the rest of the week off.
Hello traders It looks like a good time to buy XAUUSD. after the confirmation of cup pattern because the trend is going up. Just remember to keep an eye on the market in case things change. Also, make sure to protect yourself by setting stop-loss orders below the support zone to avoid big losses if the market suddenly goes down. Target Hit 🔥🔥🔥🔥
Pivot 2390.00 Our preference Short positions below 2390.00 with targets at 2230.00 & 2150.00 in extension. Alternative scenario Above 2390.00 look for further upside with 2450.00 & 2510.00 as targets. Comment The RSI advocates for further decline. Supports and resistances 2510.00 ** 2450.00 *** 2390.00 *** 2287.00 Last 2230.00 *** 2150.00...
RSI hit oversold at close yesterday, MFI still oversold. Guessing we get a Powell pump this afternoon, but watch out for teh whipsaw
Quarterly Theory - we are in the second quarter of the 2nd yearly quarter Which basically means we're in the manipulation period - we are either about to enter consolidation or about to get our final buy to sell program before the distribution phase from the 50% in theory...
The only possible zone for rebuying GOLD after slightly dovish FOMC is 2313. Don´t enter earlier. Monitor the rejection on lower TF (15M). Wish you good luck.
Hey Everyone, A piptastic day on the charts today kicking off the new month with blues. Yesterday we got the lock below 2327 opening the retracement range, which was hit perfectly and gave the 30 to 50 pip bounce inline with our plans to buy dips also covering any premature entries. We then stated that we will now wait for this area to support and head for the...
I have emphasized that there will be a lot of data on gold this week, which may affect the market at any time, so I will also stop trading when the market is unstable. Today's data is negative for gold, but gold has risen, and there will be data that will continue to affect the market. My strategy is still to wait for the rise and the end of the data before...