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Gold-> continue to drop to $ 2600. What will happen?Hello, dear friends, this is Ben! Gold prices dropped to their lowest level in a week during the Asian session on Tuesday, although spot prices found some support near the $2,600 mark. Meanwhile, the prevalent risk-on environment, coupled with bets for slower Fed rate cuts and rising U.S. Treasury yields, is driving flows out of the safe-haven XAU/USD. Theoretically, any attempt to push gold prices higher may face limitations. Ahead, the U.S. Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, is scheduled for release on Wednesday. Technically, gold is attempting to break out of the key range after testing support. If a false break occurs at the 2634 level, a minor correction towards resistance may form. Resistance levels: 2634, 2649, 2663 Support levels: 2618, 2607, 2600 If sellers hold the price below 2630-2634, the bearish momentum could strengthen. However, as the price is testing strong support, a significant reaction could form a false breakout and a correction, potentially targeting levels like 2649-2663 (fibo 0.5), before continuing the downtrend.
OANDA:XAUUSDShort
by Bentradegold
FILUSDT Long Setup Setting / Setup and SettingsBINANCE:FILUSDT COINBASE:FILUSD 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status🙂 👾Note: The setup is active but expect the uncertain phase as well. ➡️Entry Area: Yellow zone: 5.56-5.78 ⚡️TP: 6.00 6.20 6.40 6.69 🔴SL: 5.33 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
Alkem Laboratories Ltd. (NSE: ALKEM)Technical Analysis and Key Levels 1.Current Price Action: Alkem Laboratories is trading at ₹5,484.40, testing a critical support zone (₹5,300–₹5,450) identified by historical price action and volume profile. 2.Resistance and Support Levels: Immediate Resistance: ₹5,811.55 (previous swing high). Key Resistance Zone: ₹6,000–₹6,346.55. A breakout above ₹6,346.55 can lead to fresh bullish momentum. Immediate Support: ₹5,323.60 (near-term support). Critical Support: ₹4,629.85, a major demand zone. Failure to hold this level could trigger further downside. 3.Volume Profile: High-Volume Node (HVN): Significant buying interest is observed around ₹5,450–₹5,800. Low-Volume Node (LVN): Below ₹5,300, liquidity decreases, increasing the risk of a sharp drop toward ₹4,629.85. 4.Moving Averages: The stock is currently hovering around the 50-day moving average, indicating short-term indecision. The 200-day moving average at ₹5,323.60 acts as crucial support for long-term trend analysis. 5.RSI Indicator: The RSI is neutral but leaning towards the oversold region, suggesting potential accumulation in this zone. A break below ₹5,323 could push RSI into bearish territory. 6.Key Observations: Nomura's Price Target Update: Nomura revised the price target to ₹6,097 (Neutral stance), close to the immediate resistance levels, which aligns with market consolidation. 7.Potential Scenarios: Bullish Case: Sustaining above ₹5,484.40 and breaking ₹5,811.55 may open doors for ₹6,346.55. Bearish Case: A decisive break below ₹5,323.60 could lead to ₹4,629.85. 8.Trading Strategy: For Bulls: Look for confirmation above ₹5,811.55 with increased volumes before entering long positions. For Bears: Short opportunities arise if the stock breaks and sustains below ₹5,323.60 with a target near ₹4,629.85.
NSE:ALKEMLong
by AngshumanSaikia
Bitcoin: Approaching 100,000...Focus on 96,500Hello all dear friends! Bitcoin is approaching a critical point as it nears the psychological resistance level at $100,000 within its ascending channel. The 4-hour chart clearly shows that BTC is gaining strength, supported by the EMA 34 and EMA 89, signaling a steady uptrend. However, the question remains: Will Bitcoin surpass this key level, or are we about to witness a pullback? Theoretically, this is still unclear… Personally, I recommend traders limit their trades as the price approaches this level and open positions only when there is a clear confirmation. From a technical perspective, we can clearly see that the price is climbing smoothly in a sustainable uptrend toward $100,000. However, after the previous rally, it seems the price has missed significant liquidity zones… For this reason, I do not rule out the possibility that the price may approach the resistance level with the intention of establishing a new high before any reversal reaction occurs. That said, I would prioritize trades if the price breaks below the $96,500 support level, targeting take-profit levels sequentially at $93,300, $88,800, and $85,000.
Short
by JerrytradingCR
BTCUSDT: Bullish momentum continues to buildBINANCE:BTCUSDT continues to hold its ground, trading with an uptrend as buyers look to push the price above a key resistance level. Currently, BTC is consolidating near $91,824, showing signs of accumulation within an ascending triangle pattern. This pattern is often considered a bullish signal, indicating a strong breakout. The current market sentiment remains bullish, supported by institutional interest and macroeconomic factors, such as a weaker dollar and growing demand for cryptocurrencies as a hedge. The chart shows that Bitcoin could gain momentum, especially if buyers manage to break above the key resistance level of $93,300. Traders should keep a close eye on the $93,300 resistance level. A confirmed breakout with high volume could provide an entry point for long positions, while traders remain conservative. However, with the price reacting to strong resistance, I do not rule out the possibility that the price could wait for a pullback to the $90,000-91,000 zone, form a trend line and rise.
Long
by JerrytradingCR
Gold: Shocking drop of nearly 100 USD/ounceThe world gold price today is listed on Kitco at $2,625/ounce, down $90/ounce compared to early this morning. Gold prices fell sharply as investors took profits after a five-session rally to a three-week high last week. Gold was also negatively affected after Donald Trump chose billionaire investor Scott Bessent as the US Treasury Secretary in the new administration. According to analysts, Scott Bessent will not be tough in the trade confrontation with China, causing political risks to cool down, which will be detrimental to gold prices.
OANDA:XAUUSDShort
by TomtradeFX
Bitcoin faces downward pressure, can it bounce back?In the recent trading session, Bitcoin (BTC/USDT) is showing signs of strong selling pressure as the price fluctuates around $94,300. The technical chart on the 1-hour chart shows that the price is currently testing important support and resistance zones. Bullish scenario: If Bitcoin can break above the trigger zone at $95,200, it will signal a recovery, with a target towards the resistance zone from $98,500. This will require support from positive market sentiment and money flowing back into the crypto market. Bearish scenario: On the contrary, if Bitcoin breaks the strong support zone at $92,557, the downtrend may continue with a target of a deeper drop to the $88,700 zone. This will be an important price level to assess the selling momentum in the market.
by JerrytradingCR
ETHUSDT: Just One Step Away To $3800...Currently, I see the ETH/USDT pair showing clear bullish signals with the formation of the Cup and Handle pattern. The reason for this uptrend is after the price was rejected around the $3,280 support area and quickly rebounded approximately 0.5% on the day. This pattern – being one of the classic formations in technical analysis – often indicates a strong growth phase when the price breaks through a critical resistance zone. For me, the $3,400 resistance zone is the key point (trigger) to activate the bullish trend. If the price can break and close above this zone, I believe ETH will quickly enter a strong breakout phase. The target I am expecting after the trigger is activated is the $3,800 level – this is the price level that completes the Cup and Handle pattern, promising significant profits in the next bullish trend.
Long
by JerrytradingCR
GOLD--> Local trend changing? Will it rise to new ATH?OANDA:XAUUSD after a false breakout at 2700, the price has returned to a correction phase, aiming to consolidate its potential for continuing the trend. In the current situation, the fundamental backdrop is shifting in favor of the metal, which active buyers are pursuing... Gold has not reacted significantly to the previous rally of the dollar, despite hawkish signals from the Fed. The reason for the metal's rise lies in the escalation of tensions following the UK and US allowing Ukraine to use weapons to strike deep into Russian territory. Russia responded with stronger attacks afterward. Fundamentally, these actions make gold a safe haven choice for protecting assets. This week, due to the Thanksgiving holidays in the US, trading volumes are expected to fluctuate sharply at the beginning of the week. Technically, it is predicted that the precious metal could update its ATH this year. However, short-term levels ahead need to be monitored closely. Specifically: Support levels: 2685, 2675, 2650 Resistance levels: 2711, 2733, 2750 Nonetheless, the upcoming resistance levels must be observed, as they are likely to trigger the next move for the metal. The adjustment toward the nearest liquidity zones is expected, but we are not talking about a reversal. The correction could end quickly, and the price is likely to return to an upward phase. The medium-term target is 2731-2750.
OANDA:XAUUSDLong
by Bentradegold
1
BTC / USDT : Consolidating at key support, bounce back likely Bitcoin/USDT: Consolidating at Key Support, Bounce Back Likely Bitcoin has experienced a significant pullback after its recent rally and is now consolidating near a critical support level. This area has historically acted as a strong demand zone, increasing the likelihood of a bounce back. However, confirmation is needed to ensure a potential bullish reversal from this level. Key insights: 1. Support zone: Bitcoin is holding above a key horizontal support level that has previously provided a strong base for upward moves. A sustained hold at this level could signal bullish momentum returning. 2. Market structure: Despite the recent drop, the overall market structure remains intact, with Bitcoin trading above long-term moving averages, keeping the bullish bias alive. 3. Momentum indicators: Indicators like RSI are entering oversold territory, suggesting potential for a reversal. MACD is also nearing a crossover, which could strengthen the case for a bounce back. Steps to confirm the bounce: Monitor for a strong 4H or daily candle closing above the current support level. This will signal buyers stepping in. Look for higher lows on shorter timeframes to confirm a trend reversal. Increased trading volume during the rebound will add confidence to the bullish case. Be cautious of consolidation below the support, as it may indicate further downside risk. Risk management strategies: Set a stop-loss below the support zone to manage downside risk in case of a breakdown. Avoid over-leveraging and size your position according to your trading plan. Keep an eye on broader market sentiment, as macroeconomic factors and altcoin performance can influence Bitcoin's movement. This analysis is intended for educational purposes only. Always conduct your own research before making any investment decisions.
Long
by Crypto-By-Ghazi
Gold falls - the market is still in an Uptrend⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Conversely, some Federal Reserve (Fed) officials remain cautious about further rate cuts, which could limit gold’s upward potential. Markets are recalibrating their expectations for Fed rate reductions next year as inflation concerns take center stage. Elevated interest rates tend to diminish gold's attractiveness. According to the CME FedWatch Tool, traders now see a 50.9% probability of a 0.25% rate cut, a decline from 69.5% just a month ago. ⭐️Personal comments NOVA: Gold decreased at the beginning of the week, the market created more liquidity in the price range below 2700 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2685 - $2687 SL $2700 scalping TP1: $2680 TP2: $2675 TP3: $2670 🔥SELL GOLD zone: $2739 - $2741 SL 2746 TP1: $2730 TP2: $2715 TP3: $2700 🔥BUY GOLD zone: $2653 - $2651 SL $2646 TP1: $2665 TP2: $2680 TP3: $2690 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
3
EURUSD -> Opportunity for Bears to Fill the GapHello dear friends, Ben here! Overall, after an impressive increase in the beginning of the day, EUR/USD expanded a gap. Theoretically, this usually usually signals a complete inspection of this liquidity area. Meanwhile, the US dollar index (DXY), monitoring the performance of the US dollar compared to the six main currencies, has dropped to about 107.00 after reaching the highest level in two years as 108.07 in Friday. However, the risk of discount on USD is still limited, as recent economic data has consolidated the expectation that the Federal Reserve (Fed) can slow down the rate of interest cuts, so drought drought Made any increase in EURUSD.
Short
by Bentradegold
2
Trade Analysis: Long #DOGSUSDT Overview BINANCE:DOGSUSDT.P is currently showing promising signs of upward movement, supported by increasing buyer volumes and favorable order flow. With its low correlation to Bitcoin, it stands as an active instrument in the current market. Setup Details Entry Point: $0.0007765 Stop Loss: $0.0007172 Take Profits: TP1: $0.0008245 TP2: $0.0008795 TP3: $0.0009573 Technical Background A cascade of liquidity levels above the current price will serve as fuel for a bullish breakout. A false breakout from the channel reflects seller weakness, confirming a bullish bias. Execution Strategy Anticipate a price squeeze toward the level, followed by local consolidation on lower timeframes (e.g., 5-minute). Enter on breakout confirmation and place a stop-loss behind the range to minimize risk. Key Takeaways This trade is set up for a short-term breakout, with risk parameters clearly defined. Always ensure proper risk management before entering any position.
Long
by Max_Pr0fit
2
Gold : enters accumulation reaction phase before strong increasAfter a period of accumulation, the gold price has escaped the prolonged bearish phase and is moving in a clear upward price channel. In particular, the market is recording strong buying interest in the short-term support zone of $2,650 - $2,675. This is the "key" area to push the price closer to important resistance levels. If the $2,721 threshold is successfully broken, the gold price is likely to quickly extend its upward momentum to the $2,772 area - an important liquidity level, and also a confirmation signal for the long-term uptrend.
OANDA:XAUUSDLong
by TomtradeFX
Gold : The fundamental context and goals have both changedOANDA:XAUUSD a local downtrend channel breakout damages sellers. The fundamental background is changing despite continued USD buying and a generally risk-off environment, which is overall positive for gold as a safe-haven asset in times of crisis. The stronger USD, supported by the ongoing "Trump trade" rally, and US bond yields have rebounded across various maturities. Despite the optimism for the USD, gold prices remain resilient and benefit from the escalating geopolitical tensions between Russia and Ukraine. Therefore, gold prices are likely to continue their growth in the near term before today’s scheduled news (PMI)... However! Since this is pre-news before session closing, reactions are likely to consolidate for sellers before further strengthening. Technically, gold has every chance to test the boundaries of the previously broken channel, but based on fundamental news and technical factors, we can conclude that further growth may continue. Prices are heading toward a liquidity zone, from which a correction may occur, followed by expected further strengthening in the near term. But in any case, I prioritize and consider buying upon a clear breakout of gold at 2686 - 2700, targeting the medium-term highs as outlined on the chart.
OANDA:XAUUSDLong
by Bentradegold
2
Bulls - high pressure ! XAU increase next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 11/25 - 11/29/2024 🔥 World situation: Gold prices surged to a two-week high on Friday during the North American session, supported by a dip in US Treasury yields. Geopolitical tensions kept the metal in demand, though improved US business activity limited its upward momentum. At $2,710, XAU/USD is up 1.50%. The yellow metal gained strength as the US 10-year Treasury yield dropped by two basis points to 4.40%, providing a boost to gold. The precious metal is on track to post weekly gains exceeding 5%. 🔥 Identify: A week that saw a big recovery, gold returned above the 2710 area. World tension news is still the main driver for gold prices to continue to recover. 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2747, $2788, 2800 Support : $2645, $2604 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
1
EURUSD ---> Correction is getting stronger. Next is 1.040CAPITALCOM:EURUSD testing a key support level after a free fall. Short sellers continue to resist, relying on key fundamental aspects of the global economy. The US Dollar strengthened following the release of last week’s Initial Jobless Claims data. Specifically: US Initial Jobless Claims fell to 213,000 for the week ending November 15th, down from 219,000 (revised from 217,000) in the previous week and below the forecast of 220,000. This development has sparked speculation that the Federal Reserve's pace of rate cuts may slow down. Attention now shifts to the Manufacturing and Services PMI from the Eurozone, Germany, and the United States... Technically, EURUSD confirms the descending trend channel, providing us with a primary trend to monitor in our trading decisions. From a technical perspective, gold is attempting to break out of its main range, breaching a key support level. If there is a false breakout around the 1.047 level, a minor correction toward resistance may form. However, with the price testing strong support, we may see a false breakout and a corrective move to the areas to watch at 1.048-1.049 (0.618 fib line) before the downtrend continues.
Short
by Bentradegold