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Harmonic Patterns

WAHN - PSX - LONG SWING Trade OpportunityFundamentally company is growing as it is producing chemicals used in ammo manufacturing of POFs; besides it is Commercial Selling front-end of POFs products. Backing by Min of Defence Production is another plus; therefore, no shortage of Cash Flow (despite what their Financial Statement says). On going war in Europ is very beneficial for this company as it has huge number of orders pre-hand. Last year company gave huge dividends and once again it has given 100% dividend as well due in Oct 2024. Technically, on Monthly TF Cup & handle formation is in making which indicates a bull run condition. The Bull run on Daily TF has also begun. On Daily TF AB=CD pattern has been drawn for taking quick profits in a couple of weeks. Therefore, instant Buy at around 220 can be initiated and TP be set at around Rs 270 ~ 280. However, it is expected that it should be reaching previous all-time high of Rs 369 by May~Jun 2025. One can book profit at that time and re-enter in Buying once price drops to Fib 0.382 level on Monthly TF (Rs 280.91). Then next Bull run is expected to take its price to Rs 600 by end Sep 2026. Disclaimer : This is not a financial advice; it is being shared for the education purposes only. Take trade as per your own analysis.
PSX:WAHNLong
by Golden_Spur
Rates Are Down, So Why Isn’t Gold Shining?Gold Prices Drop to 2581 Amid Market Turmoil: What's Driving the Decline? Gold prices, as reflected in the XAU/USD pair, have slumped to 2581, marking a significant dip in the market. While many anticipated that falling interest rates would bolster gold, the reality has turned out to be more complex. Yesterday’s developments weighed heavily on the precious metal, and surprisingly, the negative impact isn’t directly tied to rate cuts. Instead, a mix of economic uncertainty and technical market dynamics has pushed gold into bearish territory. The Core Reason Behind Gold’s Decline The primary driver of this downward movement is the Federal Reserve’s cautious approach regarding future rate cuts. While the Fed followed market expectations by reducing the benchmark interest rate by 0.25%, bringing it to a range of 4.25% to 4.50%, its projections for next year surprised many. The central bank’s forecast of just two rate cuts in 2024 falls significantly short of market expectations, signaling a more hawkish stance than anticipated. This hawkishness has rippled through global markets. The U.S. dollar, buoyed by the Fed’s cautious tone, has strengthened, creating headwinds for commodities like gold that are priced in dollars. A stronger dollar makes gold more expensive for international buyers, diminishing its appeal as a safe-haven asset. Meanwhile, broader market indices have also faced selling pressure, reflecting heightened concerns about the economic outlook. Technical Factors Amplify the Bearish Sentiment From a technical perspective, gold’s price action underscores the bearish sentiment dominating the market. The XAU/USD pair has decisively broken below a critical support level, exiting a global ascending channel that had been intact for weeks. This breakout has confirmed the downward momentum, with gold setting a new low at 2581. Key support and resistance levels now define the boundaries of potential price movements: Resistance Levels: 2620, 2630, 2636 Support Levels: 2616, 2612, 2603 After breaking below the support, the price has moved into an imbalance zone, signaling a possible retest of the previously broken channel boundary. This retest could serve as a pivotal moment for market participants. If the price fails to reclaim the resistance zones at 2620 or 2630 and consolidates below these levels, it could pave the way for further declines. False breakouts, where the price briefly breaches a resistance level before reversing, are another factor to watch closely. A failed attempt to break key resistances like 2620 or 2630 could reinforce the bearish trend and lead to further downward pressure on gold. Macroeconomic Data in Focus Today’s trading session brings additional catalysts that could shape gold’s trajectory. Market attention is firmly fixed on the release of U.S. GDP data and initial jobless claims. These indicators will provide fresh insights into the health of the U.S. economy and could either reinforce or challenge the Fed’s cautious stance. A stronger-than-expected GDP reading or lower-than-expected jobless claims could further support the dollar, adding to gold’s woes. Conversely, weaker economic data might rekindle hopes for more aggressive rate cuts, potentially offering some relief to gold prices. Broader Implications for Gold Investors The recent price action in gold highlights the complex interplay between macroeconomic fundamentals, central bank policies, and technical market dynamics. While gold has traditionally been viewed as a safe haven, its performance is not immune to shifts in interest rate expectations and currency fluctuations. For investors, the key question is whether gold’s current bearish trend represents a short-term correction or the beginning of a more sustained decline. Much will depend on how the Federal Reserve’s policy unfolds in the coming months and how global economic conditions evolve. In the short term, traders should monitor key technical levels closely. A decisive break above resistance at 2636 could signal a reversal of the bearish trend, while a sustained move below support at 2603 would likely confirm further downside potential. Until then, gold remains under pressure, navigating a challenging and uncertain landscape.
FX:XAUUSDShort
by lonelyPlayer0
2
Interest Rates Are Falling, So Why Is the EUR/USD Declining?Hello everyone, Currently, the EUR/USD pair is trading with a slightly negative bias around 1.0360 in early Friday’s Asian session. The major currency pair remains defensive as the US Federal Reserve adopts a less dovish stance despite cutting interest rates by 25 basis points at its December meeting on Wednesday. In summary: The Fed’s hawkish tone has delivered its intended impact: the dollar has strengthened, and markets have weakened. Today, all eyes are on the November Personal Consumption Expenditures (PCE) Index, the Fed’s preferred measure of inflation. Meanwhile, the EU will release its preliminary estimate of December Consumer Confidence. Technical Perspective: After the initial decline, the price attempted to recover but faced resistance at key levels, highlighted by the blue liquidity zones on the chart. If the price fails to break through the liquidity zone at 1.03894, we could see further bearish pressure. The first target lies at 1.03502, and a break below this level could drive the price toward 1.03000, marking a significant move for the pair. Wishing you all successful trades and great profits!
Short
by Trader-Briannnn
My Best analysis I have analyzed the recent price movement of gold (XAU/USD) on the 1-hour timeframe, and here are my observations: 1. Downtrend: The price is currently following a downward trend, indicating a bearish market sentiment. 2. Resistance Level: A strong resistance zone has been identified near the 2,598 level. 3. Potential Breakout: If the price manages to break above this resistance, an upward move can be expected. However, failure to break the resistance might result in a further decline toward the 2,560 level. 4. Bearish Target: A potential bearish target around 2,560 has been highlighted based on the current trend.
TVC:GOLD
by LunaTrader_SingnalsProvider
BTCUSDT: Consolidation After Uptrend Break. What's Next?Hello, dear traders. Brian here! When analyzing the 4-hour chart, we can see an intriguing setup that indicates the possibility of continued bearish momentum if critical support levels fail to hold. Let’s dive deeper into the analysis. Currently, Bitcoin is trading at $97,547, reflecting a slight pullback from recent highs. The price has recently broken the ascending trendline, which had provided support for a prolonged period. This break, combined with the rejection at the Fibonacci retracement zone, signals a potential trend reversal. Traders should closely monitor the $95,713 level and the EMAs to confirm the next move. If Bitcoin continues to decline, the next major support levels are at: $95,713 (1.0 Fibonacci Extension) $93,085 (1.272 Fibonacci Extension) $89,742 (1.618 Fibonacci Extension) Wishing you all great profits in the coming days!
Short
by Trader-Briannnn
1
PAYTM- Analysis If closes above 474 for 2 -3 days then only Buy strict stoploss of day closing below 365 or 314 use as per your comfort/risk management Targets to watch T1- 601 to 613 or 661 to 673 T2- 924 to 936 or 985 to 997 T3 1248 to 1260 or 1309 to 1321 Please do your due diligence before trading or investment. *Comment or message me if you wish to see my analysis for any stocks. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:PAYTMLong
by PrashantTaralkar
1
GOLD --> The Downtrend Persists. What’s the Next Target?Dear Friends, Gold has seen a modest rise amidst a broader bearish trend, currently trading around $2,617, up 1.27% on the day. This slight uptick can be attributed to sellers pausing their pressure, coupled with the fundamental appeal of gold increasing. As the opportunity cost of holding the non-yielding precious metal decreases due to lower interest rates, gold becomes more attractive. However, the Federal Reserve's cautious outlook on rate cuts—suggesting smaller reductions than expected next year—could weigh on gold's upward momentum. Additionally, US Treasury yields edged higher on December 18, with the 10-year yield reaching its highest level since May. Treasuries, often considered a direct competitor to gold due to their interest-bearing nature, could diminish gold's appeal if yields continue to rise. Ben personally advises waiting for a decisive candle close below the 2636 liquidity zone before taking further advantage of the market trend.
OANDA:XAUUSDShort
by Bentradegold
GOLD - Should I sell?Brian, hello everyone! Gold prices “plunged” and fell more than 2% to a one-month low in mid-week trading after the Fed decided to cut interest rates as expected, but noted that it would slow the pace of borrowing cost reductions in the near term. The Fed’s stance boosted the USD and bond yields. Based on the performance of gold on the 4-hour time frame, along with indicators from EMA and RSI, a bearish trend is expected in the coming period. With the current unfavorable situation for gold, the price of gold is likely to reach $2,537 in the near future.
OANDA:XAUUSDShort
by Trader-Briannnn
GBPUSD - continue its downward trendDear Investors, The GBP/USD pair has rebounded after losing over 1% following the Federal Reserve's aggressive rate cut on Wednesday, currently trading around 1.2590 during Thursday's Asian session. From a technical perspective, this recovery is likely to be short-lived, stemming from the strong support zone at 1.2567, rather than signaling a sustained rebound. Sellers could easily regain control, especially after breaking below the key level of 1.2645. Moreover, the 34-period EMA shows no signs of a significant reversal, suggesting the price might accelerate towards the next support level at 1.2486. Attention remains on the immediate resistance at 1.2615, as any failure to hold this level could lead to an earlier-than-expected decline. Stay alert and plan accordingly!
Short
by Trader-Briannnn
BTCUSDT: Consolidating below key resistance. What next?Hello, dear friends! BTC/USDT is currently on a bearish trajectory, with the price hovering around $101,200. This decline follows comments from Federal Reserve Chair Jerome Powell opposing the establishment of a national bitcoin reserve fund. From a theoretical perspective, the outlook suggests further downside potential, as the price is currently near critical resistance levels around the 0.618 and 0.5 Fibonacci retracements, while the descending trendline remains intact. It is anticipated that the decline could extend to the designated support zones. Wishing you all profitable trades ahead!
Short
by Trader-Briannnn
Bearisdh drop off pullback resistance?AUD/JPY is reacting off the pivot which is a pullback resisstance and could drop to the 1st support level which acts as a pullback support. Pivot: 98.24 1st Support: 96.57 1st Resistance: 99.38 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets