Gold Analysis H4Gold Analysis H4
We are in down trend in impulse C Wave which in corrective wave.
Regards,
Elliott Wave
chilizchiliz technical analysis basically on ellott waes Principle and priceaction strategy
chiliz can be grow up to 0.5$
wait and watch...
GOLD → False breakout and negative fundamental backgroundFX:XAUUSD is correcting after a false breakout of resistance. This is also supported by negative fundamentals. Will there be a pullback or will the decline continue?
Optimism over China's economic stimulus is waning amid growing fears of a trade war between the US and China. Expectations of a hawkish Fed interest rate next week helped boost the US dollar, leading to a corrective decline in the gold price.Markets now believe the Fed may send a hawkish signal by signaling a pause in January after PPI came in higher than expected
Technically gold is still inside the channel, consolidation continues. Focus on 2658-2660 support, below which there is a huge pool of liquidity that may not let the price down on the first try
Resistance levels: 2675, 2682, 2699
Support levels: 2658, 2636
From the support 2658 may form a correction from which will depend on the further development of events: if the correction will be small and the price will quickly return to 2658, it will increase the chances of support breakout and further fall, for example, to 2636. But, if gold can consolidate above 2682 and consolidate above the local high, the price may head for a retest of the high
Regards R. Linda!
USDCHF → Breakout of wedge resistance. CPI aheadFX:USDCHF is showing positive signs of willingness to continue the uptrend. The dollar is consolidating in the meantime in anticipation of CPI, which creates risks for us
The currency pair is testing the support at 0.877 as part of the correction. A false breakdown and a reversal pattern is formed, which indicates the end of the correction. The price updates the local lows, and on the 4-hour timeframe it enters the realization phase after breaking the wedge resistance.
The focus is on 0.882 - 0.8848. If the bulls keep the defense above this zone even after the news, the growth of the currency pair will continue in the future, as the key liquidity zones are still untested
Resistance levels: 0.8848, 0.8887
Support levels: 0.882, 0.880
CPI is ahead and traders are not yet ready to take active action prematurely. The report may form a medium-term potential. A break of 0.8848 will be the trigger for continued upside. But, the structure will be broken if the market breaks 0.876
Regards R. Linda!
XAUUSD_1HShort and medium term gold analysis
Completing 5 rising and falling waves for Anas
Resistance number 2683
Target number and support 2670 and 2650
The main support in the long term is 2650 and the main resistance in the medium term is $2700.
EURUSD → False breakout of resistance. DowntrendFX:EURUSD is testing resistance in the downtrend phase. The maneuver ends with a false breakout of resistance at 1.0607
On the daily timeframe the price is squeezed between the strong resistance at 1.06011 and the local support at 1.05. So, if the bears keep the defense below the key resistance, the currency pair will continue to fall in the short term. The target in this case may be the area of 1.05 - 1.044.
But, technically, the retest of 1.0607 may provoke a local breakout of the level and the price movement to the channel resistance against which there will also be a high probability of formation of a false breakout.
Resistance levels: 1.0607, 1.965, 1.076
Support levels: 1.0448, 1.0331
Emphasis on resistance. Confirmation of the nearest resistance in the form of price consolidation below the level, if retested, could be a good entry zone. But if resistance is broken, the focus will shift to 1.065 - 1.067
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
GOLD → False breakout of resistance. Is a correction coming?FX:XAUUSD on the background of CPI on Thursday passes into a rally and realization of consolidation. The price is testing the resistance of 2721 and forms a false breakout. Traders in anticipation of PPI
After the release of CPI, there is a 90% chance that the Fed will cut rates by 0.25% next week.
Gold hit a two-week high due to the Middle East, optimism over China's economic stimulus, CPI news.
PPI and weekly jobless claims data also remain in focus, which could provide new hints on further Fed policy easing and the direction of the US dollar ahead of next week's Fed meeting. Sentiment around the Fed and risk trends will continue to play a decisive role in gold price dynamics.
Technically, the price is in a global wide flat. A false breakdown of resistance is forming and a correction may form.
Resistance levels: 2721
Support levels: 2700, 2682
The retest did not allow the bulls to pass through the resistance. In the near future the price may test the nearest support and form a bullish correction from which further growth or fall will be initiated. We should also take into account today's news
Regards R. Linda!
XAUUSDThe proportionality of waves helps us identify and confirm wave patterns accurately in market analysis.
Wave C down in NIFTY seem to have started ...NSE:NIFTY is in ABC correction mode and seem to have completed B and now starting C down. The minimum requirement for C is around 23000 which is 61.8% of wave A. Other important levels are around 22500 and 22000, 78.6% and 100% of A respectively.
There might be pullbacks on the way down but all major swing highs should hold from here till we do at least 23K.
AAPL to back to 200 in a flatCan't help but see the moves since August as 2 corrections in a row for W-(A) and W-(B). This followed up with what looks like a leading diagonal for W-1 of W-(C). The subcount for W-2 had a=c and 61.8% both right at 230.5 which it bounced off today. Not pictured, I do have a potentially for 1 more small high before the drop. I'm also pretty bearish on GOOG, AMZN, and MSFT in the same timeframe so this would line up.
Realistic Targets for $DEAI during this bull run.I try to describe a realistic movement of $DEAI prices during the rest of 2024-2025 bull run.
I wish you all lucky and success in your trades.
Super Micro Computer (SMCI): Is This the Greatest Comeback?Could this truly be the greatest comeback of 2024 & 2025? The decision for NASDAQ:SMCI is imminent, and it’s crucial to remain open to all potential scenarios.
Over the past month, NASDAQ:SMCI has risen by an impressive 83% and is now trading just below a significant resistance level. Flipping this resistance would mark the first shift from a bearish to a bullish structure since the beginning of the decline. Such a reclaim would also indicate a remarkable V-shaped correction, which holds substantial significance on the weekly chart.
It’s likely that NASDAQ:SMCI may experience a slight pullback this week to accumulate more buying momentum before pushing above the $50 mark. However, the stock must not fall below $25, as this remains the Point of Control (POC) since 2022—a critical level that must be respected to maintain the bullish potential.
Alibaba (BABA): Stimulus Hopes Fade, Correction Ahead?We secured solid profits on NYSE:BABA , with a significant rejection at the breakout gap. The stock is now under pressure, facing potential headwinds due to Donald Trump’s presidency and his proposed tariffs. While Chinese stocks surged recently, driven by Beijing’s increased rhetoric around stimulus ahead of a key policymakers’ meeting, the lack of any immediate announcements until March’s National People’s Congress may dampen sentiment.
Despite NYSE:BABA dropping pre-market and likely throughout the week, our strategy remains unchanged. With partial profits taken and the stop-loss at break-even, we are not exposed to unnecessary risk.
As long as NYSE:BABA continues trading above $82, the position remains stable unless major news changes the outlook.
Bitcoin Crash + Largest altcoin analysis requests! (ask me)Write a comment with your altcoin, and I will make an analysis for you in response! Also, please hit boost and follow for more ideas.
I start my analysis with Bitcoin. Currently, I expect a drop to 85k. We have a total of 3 unfilled FVGs (fair value gaps) below the current price, and this is a big deal. These gaps pretty much always tend to be filled. These are no gaps that occurred at the start of the uptrend (near 15k in 2022), but almost before the end of the uptrend (85k in 2024). This is a hugeeeee problem, and I assure you that bitcoin will go down sooner rather than later.
Today we also want to look at the RSI indicator. The RSI indicator is important mostly only on the 1m, 1H, 1D, 1W, and 1M charts. Do not use it on, for example, 15m or 2h charts. On the RSI indicator, we can see a bearish divergence because the price is making a higher high while the indicator is making a lower high. That's a huge sign of weakness.
Also, let's take a look at the moving averages. This is the daily chart, so let's use 50, 100, and 200. These periods are very popular among huge institutions and hedge funds. They mainly like to use 200 and 20. As we can see, the price is too far away from them, which is a sign that the market is overbought and we should wait for a correction. You want to buy at the support, not when the market has already made the move.
Currently I am bearish on Bitcoin. Profit target 1: 92,250, profit target 2: 85,350.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
MicroStrategy head and shoulders 4hr TF Clear head and shoulders forming struggled to break back up over the cloud. Within an Elliot wave ABC correction with a head and shoulders measured move into the golden pocket which is also a support resistance flip area
Gold is Ready to Fall again!!!Gold ( OANDA:XAUUSD ) started to pump, as I expected in the previous post .
Gold is entering the Resistance zone($2,740-$2,708) and Potential Reversal Zone(PRZ) and approaching the Upper line of the Ascending Channel .
According to Elliott's wave theory , Gold is completing microwave 5 of the main wave C .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to fall to at least the Support zone($2,670-$2,653) after breaking the lower line of the ascending channel.
⚠️Note: If Gold breaks the Resistance zone($2,740-$2,708), we can expect more pumps.⚠️
⚠️Note: Tomorrow's US indices can impact the Gold trend. (Today's US indices were all as Forecasted).⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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GBPNZD Can Be Finishing The Wedge PatternGBPNZD pair has been trading bullish for the last 2 years or so, but since 2023 we can see that price action is slowing down and that bulls are running out of steam.
It came even higher recently and it's testing the highs of the year, but we are tracking an ending diagonal a.k.a. wedge pattern, which can be in final stages of 5th wave. If we are correct, then strong and sharp reversal will show up in 2025.
The ending diagonal (wedge) pattern is a special type of wave that occurs in wave 5 of an impulse or in wave C of a correction. An ending diagonal pattern is a type of pattern that can occur at the completion of a strong move. It reflects a “calming” of the market sentiment such that price still moves generally in the direction of the larger move, but not strongly enough to produce an impulsive wave. Ending diagonals consist of five waves, labeled 1-2-3-4-5, where each wave subdivides into three legs. Waves 1 and 4 overlap in price, while wave 3 can not be the shortest amongst waves 1, 3 and 5.
The reason why they are so interesting is because they are indicating a reversal, usually a strong one.
ES1! morning analysisBig picture analysis for ES1!
Proposed primary wave ((1)) terminating in March 2000, primary wave ((2)) terminating in March 2009 as a zigzag, and primary wave ((3)) terminating in January 2022.
Proposed primary wave ((4)) seen as an expanded flat, with wave A terminating in October 2022 and wave B at or near termination now. Wave C would take price below October 2022 low, with parallel channel providing price support above 3000 and wave C terminating near the wave (4) of lesser degree.
XAU MAP.DEAR ALL FRIENDS :
lets follow the price.
Still in Down trend.
Supply zone (resistance) : 2669~
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I will share setups here for this week till Friday 13 Dec.
XAU/USD 11.12.24OANDA:XAUUSD
Hello traders,
After the bullish move to 2720, we have reached my maximum Fibonacci extension level for the major wave 3. I am now anticipating an ABC structure for wave 4. Wave B might rise above 2720 to trigger stop-losses for sellers, so avoid placing your stop-loss too tight. Allow the trade some room to breathe, as we could then see some bullish momentum—possibly even another 1-2-3-4-5 setup within our white count for wave 3.
Nasdaq Short: 5 Wave Structure completedI had previously published a short on S&P on 5th Dec and turns out to be quite a good call. I had delayed Nasdaq short call due to incomplete wave structure. As of yesterday's set up, it looks like we might have seen the peak. The only downside to this analysis is that the last sub-wave 5 is a 1-bar wave. But nevertheless, at the peak, price is more important than time.
Silver May Face More Weakness After A Corrective RallySilver is making sharp reversal down from recent highs, even breaking a lower trendline support of an ending diagonal which is an important indication for a top in place. As such, we are aware of much lower prices, maybe even back to the start of a diagonal at around 27/28 as drop from 4h time frame has an impulsive bearish structure into wave A/1.
But we see some bounce now that can be an A-B-C irregular/expanded flat correction into wave B/2, where subwave (C) can be now in progress. Resistance is then around 31.60-33 area, and from where we will have to be aware of further weakness within wave C or 3.
DXY_1D&1WAnalysis of the US dollar index Analysis in medium and long term time frame The index is in an upward trend and can continue to rise only by maintaining the trend line. In terms of price action, two numbers 102.200 and 105.700 are important and as long as the price is maintained above these two numbers, the trend is upward. Unless the downward trend line is broken, different conditions should be analyzed and checked again.
