GOLD XAUUSD Next possible movemets #XAUUSD ( Update..! )
The pair is currently running in a confused situation. According to that I can expect two scenarios. The most possible scenarios are most possible.
Sell now : Reason ❔
Broker the low time frame 5M descending channel
Broker the low time frame 15M descending channel
15M Structure break successfully
5M resistance break successfully
Buy now : Reason ❔
Running bullish trend in 1H timeframe
Making reasonable Fvg with huge range
Rebound from 1H trendline
Rebound from 1H support zone
My recommendation is just waiting for the local bearish or bullish confirmation to enter the market. This is a very dangerous situation. Be careful guys.
Buysellsignal
PepsiCo _ Next Target is Triangle Pattern TopPepsiCo is forming a Triangle Pattern. The Next Target is the Top of the Triangle. If it doesn't Breakout above the Triangle Pattern (or) Resistance, the market is Expected to move downward again, anticipating a breakout at the bottom of the triangle. If there is a breakout at the bottom of the triangle, the market Expects a 27% fall. Because PepsiCo has been trading within two parallel lines, or a channel, since 2009. Therefore, if it breakout on the bottom side of the triangle pattern, the market could fall to at least the 0.3 Fibonacci Retracement level. Refer to this below image :
Support me; I want to Help People Make PROFIT all over the "World".
ULTA Looking SPICY for an UP MOVE!ULTA is looking absolutely spicy for an up move! We're in a strong pivot zone (both internal and external) with increasing RVOL and high volatility. This is the recipe for a huge explosion. Just like I predicted NASDAQ:INTC 's explosive move before it happened earlier today! Now, we need to look for the continuation of increasing RVOL while the price stays in the pivot zone.
Key Points to Watch:
Strong Pivot Zone ✅
Increasing RVOL 📈
High Volatility ⚡
Get ready for a potential breakout! 💥
Disco _ Achieving Pole Target price at JPY 126,650 +318% PROFITDisco Corporation, Rising Channel Pattern formed and Breakout. Breakout in November 2023 and approaching the Pole Target price at JPY 126,650. Totally +318% PROFIT and there is Still +84%. Try to use this opportunity to make an 84% profit. This is Long-Term Analysis, must follow the Trend Continuation Technique.
Support me; I want to Help People Make PROFIT all over the "World".
Sony Group _ Next Target is Channel Top, Achieve +94 % PROFITSony Group Corporation is Trading within a Rising Channel Pattern and is approaching the Resistance level or All-Time High. If it Breakout above the Resistance level, the Next Target is the Channel Top price at JPY 28,800, offering a chance to achieve a +94% PROFIT.
Support me; I want to Help People Make PROFIT all over the "World."
HELE Helen of Troy Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of VIST Vista Energy prior to the earnings report this week,
I would consider purchasing the 90usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $7.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
XAUUSD - GOLD PRICE DECREASED AT THE BEGINNING OF THE WEEK💵GOLD PRICE AND ECONOMIC INFORMATION
Gold eased below $2,390 per ounce on Monday after rising over 1% in the previous session, but remained close to six-week highs, driven by increased expectations of early rate cuts by the Federal Reserve following soft US economic data. Friday’s data indicated a weakening US labor market, with the unemployment rate rising to a two-and-a-half-year high and wage growth falling to a three-year low.
🔴SELL GOLD: 2396 - 2398, SL: 2402
🟢BUY GOLD: 2362 - 2360, SL: 2356
⛔️Breakout: top border 2393 -2397 - below 2378 - 2369
🔼Support: 2378 -2370 - 2364 - 2360
🔽Resistance: 2385 -2393 - 2397
GOOD LUCK EVERYONE👍
BUY GOLD, GOLD TO 2500 potentially. Gold is currently testing support lvl at 2383 . We should expect gold to find support there and move upward to 2402 .
If price moves lower I would buy at the next support lvl ( 2363 ) and take that back up. Gold is in a major uptrend and will find more support and move higher. My expectation is $2500. We risk at our lvls(2363,2383). If gold moves lower we readjust for sells.
Don’t let short term trends fool you. Gold will move higher.
Advanced Entry setup on Advanced Enzyme Ltd?Advanced Entry setup for Advanced Enzyme?
ABOUT
Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally.
FUNDAMENTAL
Since we are looking at the weekly chart, it becomes very important to check the fundamentals.
• Company is almost debt free.
• Company has been maintaining a healthy
dividend payout of 20.9%
• OPM % increasing you
• Cash Flow positive
• FII and DII increasing shareholding.
TECHNICAL
• On a weekly TF, we can see a cup and handle pattern and the formation is completed.
• Increasing volumes are increasing the chances of a breakout
• RSI is at 60, indicating a potential buying strength and is not overbought.
• Trading above 50, 100 and 200 EMA indicating bullishness.
ENTRY, EXIT, TARGET, STOPLOSS
- If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout.
- If you are a risk averse trader then buy some at breakout and more at retest.
- The safe buying zone is above 424 and little aggresive players can add above 410.
- Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350.
- Target 1 is 480, Target 2 is 570
Happy Trading :)
#NOT IS FORMING FALLING WEDG PATTERN!🚨 GETTEX:NOT is forming a Falling Wedge Pattern on the 4H chart, which is typically a bullish reversal pattern.
📈 Entry Point: Start accumulating once the price exceeds $0.0140.
🎯 Targets:
Midterm Goal: 50% increase
Long Term Goal: 120% increase
🔄 Trading Options: GETTEX:NOT is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.01150.
📊 About GETTEX:NOT :
NOT is a promising project in the DeFi space, aiming to revolutionize cross-chain transactions with its innovative technology. Their mission is to provide seamless and secure transactions across different blockchain networks.
📢 DYOR, NFA
#Crypto #trading
GIS General Mills Options Ahead of EarningsIf you haven`t sold GIS before the previous earnings:
Now analyzing the options chain and the chart patterns of GIS General Mills prior to the earnings report this week,
I would consider purchasing the 67.50usd strike price Puts with
an expiration date of 2024-7-19,
for a premium of approximately $2.02.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Potential Bullish Reversal for SHIB Shiba InuIf you haven`t bought SHIB before the breakout:
Nor sold the top:
Now upon analyzing the chart pattern of SHIB Shiba Inu, it appears that a falling wedge formation is currently in play. This pattern is characterized by converging trendlines sloping downward, with a series of lower highs and lower lows. In technical analysis, a falling wedge is typically interpreted as a bullish reversal pattern.
The falling wedge on SHIB suggests that despite recent declines, there is potential for a bullish breakout. As prices continue to oscillate between narrowing support and resistance levels within the wedge, there is anticipation among traders and investors for a potential upward movement. This pattern often signals a gradual weakening of selling pressure and a potential shift towards buyers gaining control.
XAUUSD - Gold prices continued to fall💵GOLD PRICE AND ECONOMIC INFORMATION
Gold fell to around $2,310 per ounce on Wednesday, extending its decline from the previous session, as investors digest more hawkish remarks from Federal Reserve officials about the outlook for interest rate cuts. Fed Governor Lisa Cook stated on Tuesday that a rate cut will be appropriate at some point, but the timing is uncertain, while Fed Governor Bowman mentioned that she doesn't anticipate any rate cuts this year. This came on top of strong US business activity data last week, reaching a 26-month high in June, adding further to the hawkish pressure. Meanwhile, investors are looking forward to Friday’s core PCE index data, the Fed’s preferred inflation measure, particularly after the recent cooling of CPI and PPI data, alongside the third estimate for Q1 GDP growth and consumer spending and income.
🔴SELL GOLD: 2334 - 2336, SL: 2340
🟢BUY GOLD: 2302- 2300, SL: 2296
🟢BUY GOLD: 2294- 2292, SL: 2288
⛔️Breakout: top border 2324 - 2335 - below 2311 - 2305
🔼Support: 2311- 2306 - 2300 - 2295 - 2290
🔽Resistance: 2337- 2341 - 2345 - 2349 - 2354
GOOD LUCK EVERYONE👍
RUNE - rejection or continuation ? #RUNE/USDT #Analysis
Description
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+ The price has reached the support zone and it's uncertain whether the support will hold or break.
+ If the support breaks, the next support level is around 3. If the support holds, I expect a strong reversal, providing us with a trading opportunity.
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VectorAlgo Trade Details
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Entry Price: 2.657 - 4.246
Stop Loss: 2.00
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Target 1: 5.305
Target 2: 7.354
Target 3: 10.998
Target 4: 16.216
Target 5: 21.139
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Timeframe: 1W (Long Term)
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
SOL Solana Bearish PennantIf you haven`t sold SOL close to the top:
Solana, hailed for its scalability and performance within the cryptocurrency ecosystem, finds itself ensnared within the confines of a bearish pennant formation, signaling potential headwinds for the altcoin in the near term. With a looming price target of $125, Solana faces mounting selling pressure as it grapples with the implications of this ominous technical pattern.
A bearish pennant, characterized by a brief consolidation phase following a sharp downward move, often precedes further declines, reflecting a temporary pause in selling pressure before a potential continuation of the prevailing downtrend. Solana's recent price action mirrors this pattern closely, with each attempt at recovery stymied by strong resistance, reinforcing the prevailing bearish sentiment.
BTC Bitcoin Technical Rebound SoonIf you haven`t sold BTC on this top:
Then you need to know that Bitcoin is currently trading at $64,200, approaching the oversold territory on the RSI Relative Strength Index.
Historically, when Bitcoin enters the oversold area on the RSI, it often experiences a technical rebound.
The RSI is a momentum oscillator that measures the speed and change of price movements, with values ranging from 0 to 100. An RSI below 30 is typically considered oversold, indicating that the asset may be undervalued and due for a rebound as buyers step in to take advantage of lower prices.
XAU - GOING SIDEWARD BUT STILL IN DOWN TRENDGold rose to around the $2,320 per ounce mark on Monday, rebounding from declines in the previous session, as investors awaited a series of economic reports and comments from Federal Reserve officials throughout the week to gauge the Fed’s interest rate cut timeline. Key focal points include the US retail sales data scheduled for later today, weekly jobless claims on Thursday, and Friday's flash purchasing managers' indices, all of which offer insights into consumer spending and economic strength.
Gold maintains the small frame sideway zone, the price tops create consecutive false breaks
🔴SELL GOLD: 2348 - 2350, SL: 2354
🟢BUY GOLD: 2307 - 2305, SL: 2301
Note: Zone 2300
⛔️Breakout:
📈 Breakout on: 2326 - 2341
📉 Breakout below: 2312 - 2305
🔼Support: 2305 - 2300 - 2291 - 2286
🔽Resistance: 2330 - 2340 - 2350
GOOD LUCK EVERYONE👍