XAUUSD - Today's Setup - 21/10Good morning, traders! ☀️
Hope everyone had a fantastic weekend! 🎉
Here’s my setup for today: I’m looking to enter a buy and ride the trend upwards 📈. The confluences are lining up, so let’s stay sharp and aim to lock in some profits! 💪💰
Wishing you all a profitable and successful week ahead! 🚀✨
Let's crush it! 👊
Fibonacci
GOLD → 2685 breakout trigger. News ahead. A new conflict! FX:XAUUSD stops correlating with the dollar. The price is testing the key resistance at 2685. Bulls continue to test this area and accumulate the potential for a breakout attempt. Important news on jobless claims and retail sales are ahead
China's economic problems have a negative impact on gold as the country is the world's top gold consumer. At the same time, markets are resorting to profit taking on long USD positions ahead of the release of the most important economic data - the US retail sales report.
BUT! Another escalation, but in another part of the world: North Korea has declared South Korea an enemy and completely cut off transportation links with it. The markets are clearly not going to let this fact pass their ears.....
Technically, the buyers do not retreat from their intentions and continue to test the resistance with a breakdown target. A pre-breakdown consolidation and several possible scenarios are forming, no matter how many people don't like it.
Resistance levels: 2685
Support levels: 2674.5, 2665, 2658
A breakdown of resistance will trigger an impulse, and this is a logical scenario based on the technical situation on H1 (ascending triangle, accumulation and compression to the level).
BUT! The news can have an unpredictable impact. If gold forms a false breakout and goes back to 2674, having updated this low, the price may go even lower (to 2665, 2658), for liquidity, before returning to the way north
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
SPX500 road map to 5900: likely 'a' top if not 'the' top of 2024Bull runs often run longer than most imagine.
Or they can end before nice round numbers.
We believers know the FIBS light the way.
Pundits are calling for 6000 round number.
Golden Geneis fib at 5901 says otherwise.
Already feeling the heat as we approach.
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AAPL heads up at $240: Breakout Barrier on way to $257 and TOP?AAPL finally trying to break out to new highs.
Watching the BreakOut Barrier above for clues.
Double Golden Fibs would make for a nice TOP.
$ 239.41 - 241.19 is the BreakOut Barrier.
$ 248.86 - 248.72 a quick breakout target.
$ 257.41 - 257.86 Double Golden is the KEY.
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ASML eyes on $675 then 600: Earnings drop to support a buy? ASML dropped to a significant sujpport after earnings.
More dip to major support below would be ideal buy.
Many dark clouds above, so scalps or long term adds.
$ 673.43 - 677.93 is immediate but moderate support.
$ 591.87 - 603.14 is Major support plus round number
$ 730.99 - 743.81 is the fist resistance to break above.
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CRWD heads up into $300: crash bounce reaching key fib levelsCRWD was at a significant resistance before the "outage".
So it was ready for a dip already when the bad news hit.
The stock crash (after the outage) is back up to key levels.
MINOR but significant resistance at current price of $298.49.
MAJOR target/resistance is a Golden Genesis fib at $308.92.
OVER shoot target and likely top will be local fib at $316.09.
It is PROBABLE that it pulls back very soon.
It is POSSIBLE to be the high before new lows.
It is PLAUSBLE that it breaks but not on first hit.
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EBAY eyes on $50.60: break should run to $66, then re-evaluate EBAY poised for breakout from double-fib resistance.
This resistance has imposed itself several times already.
So all humans/bots/algos are keenly aware of this level.
$ 50.65-50.68 is the immediate resistance to flip into support.
$ 65.92-66.16 is the final target, with some hurdles in between.
$ 46.73-46.98 is the first good support in case bears reject here.
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Next bullish impulse aheadBuy stop order placed. On the last trading day the downward correction could be finished with the creation of this hammer candle. If the price breaks the Thursday's daily high we can expect the next bullish impulse to take place. This should last as well for a couple of days.
Meanwhile, all the moving averages are still bullishly aligned, indicating that the price could be ready for another move.
Long trade ahead?I've placed a buy stop above the last trading day's high. Bullish factors for this are:
After reaching the low on the 5th August, the price has formed a nice upward trend consisting of higher highs and higher lows.
We are now about to form the next higher low (this will be confirmed by a break of the last day's daily high).
The 30- and 50-day SMA are about to align bullishly.
Ready for a long trade?I've placed a BUY STOP order above the last trading day's high. The reasons :
If the last high gets broken to the upside, I expect a short-term turnaround of the price movement.
The simple moving averages should do a bullish crossover.
the privce could rise until the last high zone between 3.00 and 3.38 USD. With this the chart could form a cup & handle formation .
EURUSD Swing Analysis (20-25/10/2024) EU looks very interesting. It would be nice to see how this one plays out as we have a lot of High impact news.
Will the EU resume the Bull run or extend the Bearish momentum to the weekly Strong lows.
EU is bullish on HTF, Price has recently taken out the key liquidity low and traded within our entry range. This entry range hold significant buying pressure as we have seen previous. For me to take clean buy's i would honesty look into the MSS and pull back before taking any trades. Anything is possible but so let's allow the market to decide.
DQ Elliott-Wave analysisDQ looking great on the 4h.
Beautiful RSI-Divergency, followed by a healty push to the upside after the bottom was formed.
Now we are experiencig a normal pullback:
Im expecting an (a-b-c)-type corrective pattern. Price find the bottom in pricerange of the blue box. (this can consume a while, so pls be patient)
SILVER | XAGUSD Weekly Outlook Oct 21st: Wait For BUYS!This weekly forecast is for Oct 21 - 25th.
After closing last week with a strong bullish candle, the week ahead maintains a bullish bias.
Be mindful of a short term pullback this week, as price tends to retrace after breaking swing highs. Just remain patient and wait for valid buy setups in this case.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
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Abbott Laboratories | Chart & Forecast SummaryOn The 15 Minutes Chart You Can See
# A Trend | A Time Frame Conductive
- This Measurement on Session Means;
* Support & Resistance | HH & HL's
and also a
* Trade Area | Focus & Motion Ahead
Containing A Falling Wedge That Acts Like Support On The Valid Target Dotted Through The Arrow Confirmation
The Unnumbered Retracement You Can See Here, Indicates A 50% Retracement What Makes This A Valid Direction To Set Up Further Alliance In, Upwards
On Replay Mode That Means An Uptrend Structured, While Measuring The Trend | Behaviour & Entry Principle. Development Into The Relevant Retracement Area You can Motivate Like This
Overall Conclusion | Like The Trade Plan Execution & Risk Management on Demand This Tells Us;
"It Is A Buy For Now"
Thank You For Watching. See You Next Time
TRUUSDT Breakout - Strong Momentum Ahead!!BINANCE:TRUUSDT has successfully broken out of resistance after multiple retests of support, signaling a strong bullish trend. Currently trading above the EMA 100, this breakout is backed by impressive volume, indicating solid buying interest. With the technical indicators aligned, we anticipate significant upward movement in the near future.
As always, remember to manage your risk effectively by placing stop-loss orders to protect your position.
BINANCE:TRUUSDT Currently trading at $0.086
Buy level: Above $0.086
Stop loss: Below $0.079
TP1: $0.92
TP2: $0.097
TP3: $0.1
TP4: $0.12
Max Leverage 3x
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