Gold Reversal Alert: Key Fibonacci & Volume Profile Insights onExpert Analysis of Gold Spot (XAU/USD) on a 4-hour Timeframe
1. Break of Structure (BOS) and Change of Character (CHoCH):
BOS and CHoCH are marked on the chart to highlight significant shifts in market structure.
BOS (Break of Structure): Indicates a strong trend continuation when the price breaks previous support or resistance levels.
CHoCH (Change of Character): Suggests a potential reversal or significant change in trend direction.
2. Fibonacci Retracement Levels:
Key Fibonacci levels are used to identify potential support and resistance areas:
0.382 (2659.5042)
0.5 (2640.4)
0.618 (2621.2958)
0.705 (2607.2105)
0.786 (2594.0966)
The 0.5 and 0.618 levels are particularly noteworthy as they often act as strong support or resistance zones.
3. Volume Profile:
The Volume Profile on the right side of the chart shows the traded volume at different price levels.
Higher volume areas indicate strong support or resistance zones.
The highest volume node around the 2,742.71 level suggests a significant resistance area.
4. Price Action:
The chart indicates a significant downtrend followed by a potential reversal.
Price has broken several support levels (BOS) and is now testing the Fibonacci retracement levels.
The recent CHoCH suggests a potential shift in market sentiment, indicating that the downtrend might be losing momentum and a reversal could be in play.
5. Key Levels:
Resistance: 2,742.71 (high volume node)
Support: Fibonacci levels at 0.5 (2640.4) and 0.618 (2621.2958)
Conclusion
The chart suggests a potential reversal in the downtrend of Gold Spot prices, with significant support and resistance levels identified through Fibonacci retracement and volume profile analysis. BOS and CHoCH annotations provide insights into the market structure and potential future price movements. Keep an eye on the key Fibonacci levels and the high volume node for potential trading opportunities.
If you have any further questions or need additional analysis, feel free to ask! Happy trading! 🚀✨
Gann
Why $OM Could Be a Top 20 ContenderAltcoins are poised for an Up-only Season!
With #Bitcoin Dominance dropping, the focus is shifting towards altcoins, and NASDAQ:OM is no exception. 📈
As Bitcoin Dominance declines, we can expect this to act as a catalyst for major #altcoin rallies, and #MANTRA is primed to take full advantage of this shift.
From >100 rank to eyeing Top 20. This cycle will be spectacular.
#NFA
Strengthening Market Structure & Big Moves AheadNASDAQ:OM | The Trend is Shifting!
NASDAQ:OM is gearing up for a big move, and the market structure is looking strong. With a solid foundation and a community that's all in, NASDAQ:OM is ready for a major breakout!
Holding strong above a SEED_TVCODER77_ETHBTCDATA:3B market cap, NASDAQ:OM is eyeing bigger gains.
DYOR—this could be the next big thing.
#MANTRA #Crypto #Bullish #Altcoins #Trending
XAUUSD:28/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2627
Four-hour resistance 2641, support below 2627-10
Gold operation suggestions: Gold surged and fell in the shock yesterday. The US market surged slightly and pierced the 2658 line and fell under pressure. The closing price was below 2640. The overall gold price showed a secondary pressure pattern above 2655.
At present, from the 4-hour trend, pay attention to the short-term suppression of 2640-2645 on the upper side, and focus on the suppression of 2658-60 yesterday. In the short term, we pay attention to the support of 2627 on the lower side, and wait patiently for the key points to enter the market.
SELL:2640~45
BUY:2627near
BUY:2612near
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
November 28 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
Today and tomorrow, Nasdaq is closed for Thanksgiving.
It is a day when Bitcoin gains freedom,
and since there is no Nasdaq analysis, I can leave work early.
There is a section where I can bet on the candlestick,
so I cut my loss and proceeded boldly.
The purple finger on the left, $95,021.5,
is the re-entry point of the long position I took in the morning,
and I made a strategy with the same strategy as today,
cutting my loss and
with the will to die together.
*When the blue finger moves,
Two-way neutral
Long->Short->Long switching strategy
1. Pursuit purchase at $95,502 / Stop loss when the purple support line breaks and the 3rd section is touched
2. Long position 1st target at $98,379.5 -> Gdap 99,415 2nd target
If the trend dies at $98,379.5,
It would be good to use the long position re-entry point in the middle.
(Blue finger at $97,396.5)
If it reaches the gap section right away,
Short position switching and long position waiting.
(Those who have been reading the analysis diligently can see the switching point roughly, right?)
Because it proceeded with a pursuit purchase,
It can be pushed from the current position to the 2nd section,
but the short-term pattern can be broken from the 2nd touch,
so it is better to raise it right from the current position.
Also, because the candle shape can shoot strongly up or down or deviate,
You should proceed with the loss cut boldly,
and the movement within the 1st section at the top and the 3rd section at the bottom is a sideways movement.
Until the bottom, it is a downward sideways movement.
The 4th section is a single touch of the center line of the Bollinger Band daily chart.
The lowest 89,985.5 dollars is a 12+ daily section.
Up to this point, I ask that you simply refer to and use my analysis,
and I hope that you focus on the current position,
with the principle trading and the loss cut price essential.
If the strategy is successful today,
from now or the 2nd section touch,
and as long as it does not deviate from the 3rd section,
it will be the best altcoin entry timing, right?
I raised the quality to the maximum because the participation rate was good today,
and burned my soul.
Thank you for reading.
GBP/USD Scalping Opportunity: LongThe GBP/USD has shown recent bullish sign, with the potential to reach 1.2775. The pair’s price action indicates an acceptance above a key value area. Confirmation of sustained acceptance above the identified zone, followed by a retest, could present a favourable scalping opportunity for short-term gains.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Scalping and trading involve substantial risks, including the potential for significant losses. Trade responsibly.
The Nifty Spot Intraday view on November 29, 2024It is just my view on the Nifty Spot intraday on November 29, 2024. The support and resistance levels given in the picture may vary. However, I have a bullish view on Nifty Intraday. Please note that my view is only for educational purposes but not a recommendation to buy or sell.
2024 Nifty Advance forecast and Real Time comparisonBased on my mathematical calculations, I advised investors to exercise caution and refrain from making aggressive lump sum investments starting in July 2024. In mid-December 2023, I had forewarned clients about a potential market decline expected to occur anytime from July 2024 onwards. While there has been a delay in the anticipated correction, clients who heeded this advice stayed away from the market, preserving their capital—a testament to the principle that "a penny saved is a penny earned".
November 27 Bitcoin Bybit chart analysisNovember 27 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
Nasdaq will release its indicators at 10:30.
I was very worried because the Bollinger Band 30-minute chart resistance line
was touched and then moved sideways.
First of all, the worst situation today is likely to be a crash with the 4+6+12 MACD dead cross in Nasdaq,
so you must be careful.
At the bottom left,
I connected today's strategy from the entry point of the long position at $91,816 yesterday.
* When the blue finger moves,
it is a two-way neutral
long->short switching strategy.
1. 93,123.5 dollars long position entry section / stop loss price when green support line is broken
2. 95,021.5 dollars long position 1st target -> Top section 2nd target
When reaching the top section,
After liquidating the long position, switch to a short position shortly
If only the 1st target price is reached,
It would be good to try to re-enter the long position at the daily closing by liquidating the long or modifying the stop loss price.
In fact, today's 2nd section is the most likely long position entry section,
but we proceeded aggressively based on the short-term pattern because we could miss the entry point.
The movement within the 1st and 3rd section convergence sections shown above is a sideways movement,
and you should be careful because it can be dangerous from the 3rd section breakout. It can fall strongly from the 3rd touch or the 3rd section, so
The green support line is the stop loss price
I didn't mark the double bottom in the middle to the bottom because it's a gamble.
The bottom section is the center line of the Bollinger band daily chart
(the mid-term pattern is broken)
88,248 dollars is the 12+ daily section
Since it is the place where the mid-term pattern is restored
The rebound should be strong.
Even if only the final sky blue support line is maintained today
It seems that altcoins will continue to pump in a cycle.
Since the breakthrough will be instantaneous after today,
I think it would be good to operate altcoins at the same time.
Please use my analysis article so far for reference and use only
I hope you operate safely with principle trading and stop loss prices.
Thank you.
Looking to trade the distribution phase model 1price has been ranging for long enough, after the manipulation of the weekly FVG and close back inside the CLS range I expect the distribution phase to the 50% of the range. This would be my target, Im not in the trade yet.
Want to see at least a small pullback.
The goal of this post is to show you briefly my unique method of reading the market by understanding CLS.
Let's put it all together 🧩
📍HTF Level - Weekly FVG. Nested in Monthly
📍CLS Range Monthly
📍Dropping to the D1 which confirmed change in order flow. And I see potential for downside. Will be looking for an entry on the lower time frame - H1
Follow me if you want to learn more about CLS Trading.
What is CLS?
You may never hear about them.
Find them on Google. This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are market maker - smart money.
I have decoded their operational tactics to my advantage.
Study this and trade with smart money.
Good Luck
Dave Hunter
The Next Big USD/CAD Move—Are You Positioned for Wave 5?Key Structure Levels:
Current Price Zone: 1.4699
Major Resistance Levels:
2.17757 (1.236 Extension - Volume Divergence by Wave 5): Key target for Wave 5 progression.
2.55985 (1.618 Extension - Diagonal Wave 5): Long-term supercycle target.
1.61850 (Inducement Wave 3): Potential reversal or short-term target.
Major Support Levels:
1.20068 (Swing Low - Wave 2): Key bullish invalidation zone.
0.90370 (Wave 1 Low): Historical accumulation zone and invalidation point.
Wyckoff & Elliott Wave Analysis:
Wave Structure:
Wave 1: Formed after accumulation, setting the bullish trend foundation.
Wave 2: Retraced shallowly to 0.61–0.75 Fibonacci levels (bullish validation).
Wave 3: Strong breakout above 1.61850, reaching inducement levels with buy-side liquidity targets cleared.
Wave 4: A shallow corrective structure (dealing range between 1.200–1.61850).
Wave 5 (Projection):
TP1: 2.17757 (1.236 Fibonacci)
TP2: 2.55985 (1.618 Fibonacci)
Invalidation Point: If price breaks below Wave 1 at 0.90370, bullish thesis fails.
Buy-Side Liquidity Sweep:
1.61850: Likely area of stop-loss and limit order placements for liquidity collection before Wave 5 continues upward.
Trading Plan:
Entry Strategy:
Look for pullbacks near 1.20068–1.61850 to build long positions.
Confirmation of Wave 3 continuation with a strong close above 1.61850 validates entries targeting higher resistance.
Take Profit (TP) Levels:
TP1: 2.17757 (1.236 Extension).
TP2: 2.55985 (1.618 Extension).
Stop-Loss Placement:
SL1: Below 1.20068 (Wave 2 Low) for conservative setups.
SL2: Below 0.90370 (Wave 1 Low) for higher timeframe setups.
Key Keywords for Presentation:
USD/CAD Elliott Wave Analysis
Wyckoff Accumulation to Supercycle
Wave 5 Target at 2.55
USD/CAD Trading Plan: TP, SL, Entry Strategy
12M USD/CAD Forecast
Commentary:
Bullish Bias: Long-term bullish cycle supported by Elliott Wave and Wyckoff principles. Expect price to clear liquidity zones as it targets higher Fibonacci extensions.
Bearish Risk: A breach below Wave 1 Low (0.90370) invalidates the current bullish cycle and could signal deeper correction or trend reversal.
#CFX: Unlocking the Potential of ConfluxDescription:
This trading idea highlights CFX, the native token of the Conflux Network, a public blockchain designed to tackle scalability, interoperability, and decentralization challenges. Conflux leverages its unique Tree-Graph consensus algorithm to achieve high throughput and low latency, making it a standout solution for developers and enterprises. CFX serves as the backbone of the ecosystem, enabling transactions, staking, and governance. With growing adoption in Asia and partnerships with major tech players, CFX is positioned to play a significant role in the global blockchain space.
Despite its potential, the cryptocurrency market is highly volatile, influenced by regulatory developments, market sentiment, and macroeconomic trends. As with any digital asset, investing in CFX carries risks and requires a well-thought-out strategy alongside proper risk management.
Disclaimer:
This trading idea is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies like CFX carries substantial risk, including the potential for a total loss of investment. Always conduct thorough research, assess your financial position, and consult with a professional advisor before making investment decisions. Past performance is not indicative of future results.
#HARRY: Exploring Meme Token Utility GrowthDescription:
This trading idea highlights HARRY, a meme-inspired cryptocurrency that has gained traction through its vibrant community and creative marketing efforts. Beyond its origins as a meme token, HARRY is expanding its utility with initiatives such as decentralized applications (dApps), staking options, and NFT integrations. As the market for community-driven tokens evolves, HARRY is positioning itself to capture attention with a mix of humor, engagement, and emerging use cases.
Despite its potential, it’s essential to acknowledge that meme tokens like HARRY are inherently speculative and subject to high volatility. Factors such as community sentiment, social media trends, and market conditions can significantly impact the token’s performance. Trading or investing in HARRY requires a clear understanding of the associated risks and a well-thought-out strategy.
Disclaimer:
This trading idea is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies, including HARRY, carries significant risks, including the potential for complete loss of your investment. Ensure you conduct thorough research, evaluate your financial position, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
#BONK: Riding the Wave of Meme Token PotentialDescription:
This trading idea highlights BONK, a meme-inspired cryptocurrency gaining attention as a community-driven project within the Solana ecosystem. BONK differentiates itself by fostering active community engagement and supporting decentralized applications (dApps) through its ecosystem. As meme tokens often capture market sentiment and speculative interest, BONK has shown potential for rapid adoption due to its low fees, fast transactions on Solana, and viral marketing campaigns that resonate with retail investors.
While meme tokens like BONK can offer significant short-term gains, they are highly volatile and speculative. Market sentiment, external events, and overall crypto trends can significantly impact the token's value. Investors should approach with caution and adopt proper risk management strategies.
Disclaimer:
This trading idea is for educational purposes only and is not financial advice. Cryptocurrencies, especially meme tokens like BONK, carry substantial risk, including the potential for complete loss of capital. Always conduct your own research, consider your financial situation, and consult a financial advisor before making any investment decisions. Past performance is not indicative of future results.
#AEVO: Powering Advanced Blockchain SolutionsDescription:
This trading idea highlights AEVO, a cryptocurrency that aims to drive the next generation of blockchain technology through its focus on scalability, security, and interoperability. AEVO is designed to address current blockchain challenges by offering a highly efficient platform for decentralized applications (dApps) and enterprise-grade solutions. Its robust ecosystem, combined with innovative consensus mechanisms and strategic partnerships, positions AEVO as a strong contender in the rapidly evolving blockchain industry. The token also plays a central role in governance and incentivizing network participation, further solidifying its utility and demand.
That said, the cryptocurrency market is inherently volatile and influenced by factors such as regulatory developments, macroeconomic trends, and shifting market sentiment. Trading or investing in AEVO requires careful consideration of these risks and a well-thought-out investment strategy.
Disclaimer:
This trading idea is for educational purposes only and does not constitute financial advice. Cryptocurrencies like AEVO are speculative assets and carry significant risk, including the potential for total loss of capital. Always perform thorough research, evaluate your financial position, and consult a financial advisor before making investment decisions. Past performance is not indicative of future results.
#ARPA: Empowering Secure Privacy SolutionsDescription:
This trading idea focuses on ARPA, a blockchain protocol designed to enhance privacy and scalability in data sharing and computation. ARPA utilizes Multi-Party Computation (MPC) technology, allowing multiple parties to collaboratively analyze data without exposing their private information. With increasing global attention on data privacy and security, ARPA is well-positioned to address these growing concerns in industries such as finance, healthcare, and advertising. Its robust use case, coupled with partnerships and ecosystem growth, highlights its potential to become a vital component in secure data collaboration.
However, the cryptocurrency market is highly volatile and subject to rapid changes due to regulatory developments, technological advancements, and market sentiment. Investing in ARPA requires a thorough understanding of its fundamentals and risks, alongside sound risk management practices.
Disclaimer:
This trading idea is intended for educational purposes only and does not constitute financial advice. Trading cryptocurrencies like ARPA involves significant risks, including the potential loss of your entire investment. Always conduct thorough research, evaluate your financial situation, and consult a professional financial advisor before making any investment decisions. Past performance is not indicative of future results.
#UNI: Unlocking Decentralized Exchange GrowthDescription:
This trading idea focuses on UNI, the governance token of Uniswap, one of the most prominent decentralized exchanges (DEXs) in the cryptocurrency market. UNI empowers holders with voting rights for protocol upgrades and fee structures while benefiting from the growth of Uniswap’s ecosystem. With its role in facilitating peer-to-peer token swaps and its position as a market leader in decentralized finance (DeFi), UNI continues to be a cornerstone in the evolution of blockchain-based financial services. The increasing adoption of DeFi protocols and Uniswap’s consistent innovation position UNI as a promising long-term asset.
Despite its potential, it is important to note that cryptocurrency investments, including UNI, are highly volatile and subject to external factors such as regulatory developments and market sentiment shifts. A cautious and well-researched approach is essential for managing risks in this space.
Disclaimer:
This trading idea is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies like UNI involves substantial risk, including the potential for complete loss of capital. Always perform thorough research, evaluate your financial situation, and consult with a financial advisor before making investment decisions. Past performance is not indicative of future results.
#MEW: Empowering Secure Wallet SolutionsDescription:
This trading idea highlights MEW (MyEtherWallet), a cryptocurrency and platform recognized for its focus on secure and user-friendly wallet solutions in the Ethereum ecosystem. MEW has established itself as a reliable tool for managing ETH and ERC-20 tokens, enabling users to interact seamlessly with decentralized applications (dApps) and DeFi protocols. With the growing adoption of blockchain technology and the increasing demand for self-custodial solutions, MEW is positioned to benefit from its trusted reputation and expanding user base. Its commitment to enhancing security and accessibility makes it a notable player in the crypto space.
That said, the cryptocurrency market is highly volatile and influenced by factors such as regulatory developments, technological advancements, and global economic conditions. Investing in MEW or any other digital asset requires a cautious approach and thorough research to mitigate risks associated with this dynamic market.
Disclaimer:
This trading idea is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like MEW involves substantial risk, including the potential loss of your entire investment. Ensure you conduct your research, understand your financial position, and seek advice from a professional financial advisor before making any investment decisions. Past performance is not indicative of future results.