Longsetup
Bulls are strong - XAU market recovers⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
China’s gold reserves grew by 160,000 ounces in November, reaching 72.96 million ounces, up from 72.80 million ounces. This development has raised hopes for further gains in gold prices and is expected to support demand for the precious metal.
Meanwhile, Friday's Nonfarm Payrolls (NFP) report revealed that the US economy created 227,000 new jobs in November, surpassing the forecasted increase of 200,000.
⭐️Personal comments NOVA:
After breaking the sideway price range, gold price recovered well. Moving with the H1 Uptrend, the price range 2688, 2700 is the target resistance area.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2687 - $2689 SL $2694
TP1: $2680
TP2: $2670
TP3: $2660
🔥BUY GOLD zone: $2656 - $2654 SL $2649
TP1: $2665
TP2: $2678
TP3: $2687
⭐️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
GOLD--> Consolidation. Waiting for new move to change trend.OANDA:XAUUSD mild fluctuations on Friday and a second consecutive weekly decline were recorded. Accordingly, the precious metal lost approximately 0.5% this week, after hitting its lowest level since November 26 at the start of the trading session.
So, do you wonder what factors have impacted XAUUSD?
Talking About Influencing Factors:
The sentiment among short-term traders and technical positioning in the gold market has clearly cooled, with efforts underway to find momentum to improve sentiment in the short term.
Throughout the day, gold showed little reaction to the much-anticipated employment data of the week. The latest report revealed that although job growth remains relatively stable, cracks in the U.S. labor market have begun to emerge, suggesting potential vulnerabilities.
Regarding U.S. monetary policy, midweek, Fed Chair Jerome Powell noted that the U.S. economy is stronger than it was in September and adopted a more cautious stance regarding rate cuts. According to the CME Group's FedWatch Tool, with two rate cuts already this year, traders predict a 68% probability that the Fed will cut rates by another 25 basis points at its December 17–18 meeting. Theoretically, it remains unclear whether gold can sustain an uptrend as prices approach a strong resistance level.
Talking About Technicals:
Gold is currently in a sideways trend, so we are considering trading within the range's boundaries. Our focus is on the local channel from H1 2660 - 2615. At this point, gold is heading toward the upper zone of interest. A false breakout of the main resistance zone and price consolidation in the selling area may lead to a price decline toward the lower boundary of the sideways range.
Assess, share your thoughts and questions, and let’s discuss what’s happening with OANDA:XAUUSD :))
1000Sats / USDT : Poised for a breakout from middle support 1000SATS/USDT: Poised for a Breakout from Middle Support
1000SATS/USDT is showing promising signs 📈 as it holds firmly at a key middle support zone 📊. The pair is building momentum, creating an ideal setup for a potential breakout 💥. If confirmed, this move could trigger a strong bullish rally 🚀. Stay vigilant 👀 and wait for the breakout confirmation before entering.
Key insights:
1. Middle support: 1000SATS/USDT is holding steady at this critical zone, showing resilience against further downside.
2. Volume watch: A significant surge in trading volume during the breakout will confirm the buyers’ strength 🔥.
3. Bullish indicators: Positive trends in RSI and MACD ⚡ support the likelihood of an upward breakout.
Steps to confirm the breakout:
Wait for a clear 4H or daily candle to close above the resistance level 📍.
Look for a noticeable volume spike, signaling strong buying interest 📊.
A successful retest of the resistance-turned-support will solidify the move ✅.
Be cautious of fakeouts, such as quick reversals or wicks ⚠️.
Risk management strategies:
Use stop-loss orders to protect your position 🔒.
Align position sizing with your overall risk strategy 🎯.
This analysis is for educational purposes only and not financial advice. Always DYOR 🔍 before making any trading decisions.
SYS - Beautiful Setup!Dear my friends,
After closing the XRP trade to wait for the next opportunity, I continued searching for coins with favorable entry positions. My attention turned to SYS, a coin I previously shared, where many of you hit target 1. I'm still waiting for a chance to enter for the next target.
This time, everything seems clearer. First, the volume is significantly higher than before—it's distinct and green, much like what we saw with Alpha. When I drew the trendline, something remarkable stood out. It revealed a perfect retest and breakout setup. I then plotted my targets and began waiting.
It's rare to come across such a beautiful setup—truly rare!
Best Regards,
UNH Bounce - Don't Miss Out On This 15% OpportunityNYSE:UNH dropped after the tragic death of UnitedHealthcare CEO (not UNH Group CEO) as well as public backlash. Nevertheless, as always in such situation, this has nothing to do with the stock itself. As price action traders we do not trade political or news events since those drops have an unimportant impact mid- to long-term.
UNH now sits on the support zone at around $550 which was previous resistance. We also filled the daily gap at around $568 completely. We touched the 0.236 Fib from the $273 bottom (from 2020) and the RSI is nearly oversold on the daily. This gives us a got chance for a bounce from this zone up to $600 - $620.
Support Levels:
$550
$528
Target/Resistance Levels:
$600
$622-628
LT READY TO SKY ROCKETLT has given a beautiful breakout today from the long standing Resistance level as marked on chart. With its well-established bullishness the stock is bound to go in for a long bull run. Targets can be open. Long Term Targets to be around 4500 level.
Simple Price Action at its best.
P.S. It has also given a breakout on the weekly TF, which is even more of a reason to buy the stock. Fundamentals look good too.
MEME ANALYSIS#MEME Analysis : Channel Following
📊As we can see that #MEME is following ascending channel on daily time frame. Currently the price is trading above its major support zone. Price is moving upwards within a long-term rising channel, recently moving towards its support from its support level. Expect a bullish move in few days.📈
🔖 Current Price: $0.01650
⏳ Target Price: $0.01824
⁉️ What to do?
- Keep your eyes on the chart, observe trading volume and stay accustom to market moves.🚀💸
#MEME #Cryptocurrency #ChartPattern #DYOR
XRP $3.00 Still Active - Consolidation looks BullishSince my last BINANCE:XRPUSDT Trading Idea the altcoin consolidated more sideways and breached the trend line. Nevertheless, as long as the support zone at around $2.18 is holding, the setup remains intact. Bitcoin still hovers below $100K and tries to break out to the upper side. This will be the catalyst for this trade. Same goes for most of the other altcoins out there.
Target Zone
$3.00
Support Zone
$2.18
XAUUSDOver the past week, spot gold prices (XAU/USD) have shown little significant movement, continuing to trade sideways within the narrow range of 2613 to 2656. Market sentiment has weakened following U.S. President Donald Trump's threats to impose tariffs on certain countries. Despite the Nonfarm Payrolls report bolstering the U.S. dollar, investor sentiment remains cautious, with focus shifting to the Federal Reserve's potential interest rate cut on December 19. Interestingly, the dollar's upward momentum mirrors gold's movements, reflecting a unique dynamic in the current market environment.
Technical Analysis
On the H4 timeframe, gold prices remain trapped in a sideways channel. The EMA 34 and EMA 89 lines are moving in parallel and remain close together, indicating that the price is likely to continue ranging within this zone in the short term. This week, the release of the Consumer Price Index (CPI) report is a critical event that could act as a catalyst for breaking out of this sideways pattern. If the price breaks out, gold could either rally or fall further to key support levels at 2593-2595 and potentially deeper to 2540-2545.
Key Levels to Watch
BUY : 2610 - 2615 ; 2592 - 2594
SELL: 2660 - 2665 ; 2680 - 2685
Specific Trade Strategy
XAU/USD SELL Zone: 2654 - 2656
Stop Loss (SL): 2659
Take Profit (TP): 2652 - 2649
Given the current sideways trend, it is advisable to wait patiently for prices to reach clearly defined support or resistance zones to maximize the risk-reward ratio. Additionally, closely monitoring this week’s CPI release will help refine strategies as the market reacts to new data.
Wishing everyone a productive and successful trading day!
RDNTUSDT Long Setup Setting / FUTURES TradeBINANCE:RDNTUSDT
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
0.1119
0.1204
0.1316
🔴SL:
0.0893
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
PENDLEUSDT Long Setup Setting / Spot TradeBINANCE:RDNTUSDT
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
7.41
8.08
8.70
9.42
🔴SL:
5.579
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
MANTA Breaking Out: On Track for $10 and Beyond!OMXHEX:MANTA USDT: Long Position 🚀
MANTA is breaking out from a falling wedge pattern, a classic bullish reversal setup. The price has recently breached the key resistance trendline and is trading above the 100 MA, suggesting a strong upward momentum. If the breakout sustains, significant upside potential lies ahead as indicated in the chart.
📌 Entry Point: Current Market Price (CMP) around $0.80
📈 Additional Positions: Consider adding on retests near $0.74–$0.64 for a safer entry.
🎯 Targets:
$1.40
$1.90
$2.50
$3.20
$10.50 (Final Target)
⛔️ Stop Loss (SL): $0.64 to manage downside risk.
⚖️ Leverage Advice: Use leverage cautiously, between 2x and 5x, depending on your risk tolerance.
#Crypto
GBP/USD → Breaks Out, Eyes New Trend Target Around 1.300Hello everyone, Ben here!
The GBP/USD pair has found an opportunity to recover as a breakout from the previous parallel channel around the 1.271 region takes shape amid the dollar's ongoing correction. Key levels of interest are now set around the 1.300 area, with market sentiment cautiously optimistic.
A notable test of the intermediate low near the 1.248 mark was followed by an impressive reversal pattern, suggesting a bullish shift in momentum. Theoretically, the outlook leans toward further upside. However, the bigger question remains: How sustainable is this rally? The answer primarily lies in the trajectory of the U.S. dollar.
According to the CME FedWatch tool, the market is currently pricing in a 71.8% probability that the Federal Reserve will cut interest rates by 25 basis points in December. This scenario implies increased downside pressure on the USD, potentially opening the door for a moderate recovery in other currencies, including the pound.
From a technical perspective, the channel breakout provides a promising bullish signal, potentially setting the stage for a stronger upward move. However, traders appear cautious, waiting for further confirmation. If a false breakout above resistance occurs and the price falls below 1.271, a move back toward 1.240 could be on the horizon. For now, though, the mid-term outlook hints at a gradual climb from 1.275 to the psychological level of 1.300, supported by positive technical signals.
What are your thoughts on the current dynamics of GBP/USD? Share your insights, questions, or observations—let’s analyze this fascinating setup together!