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Multiple Time Frame Analysis

XAUUSD. Trading within the range.Hey traders and investors! I expected a correction to 2605.31 and a good buyer's resumption last week, but the correction didn't happen. Let's look at the chart. A range has formed on the daily timeframe. The upper boundary is 2721.42, and the lower boundary is 2536.855. The buyer's vector 5-6 has reached the upper boundary of the range. The seller's vector 6-7 is now relevant, with potential targets at 2605.31 (2581.445, 2536.855). There was a consolidation in the middle of the range, so a buyer's resumption may occur within the 2650-2627 range. Good luck with your trading and investments!
OANDA:XAUUSD
by AlexeyWolf
4
XAU/USD 13 December 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. Bias/analysis remains the same as analysis dated 25 November 2024. Awaiting candle closure to confirm bullish iBOS Price Action Analysis: As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed. Currently, price is trading within an established internal range. Intraday Expectation: Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. H4 Chart: M15 Analysis: -> Swing: Bearish. -> Internal: Bearish. Price Action Analysis: Yesterday's intraday analysis played out with price targeting weak internal low at priced 2,700.810. Price has just printed a further bearish iBOS. Following bearish iBOS we expect a pullback. Current CHoCH positioning is denoted with a blue dotted line. We are now trading within an internal high and fractal low. You will note internal range has been significantly narrowed, however, price could print lower which would extend the depth of the internal range Intraday Expectation: Price is expected to indicate pullback initiation by printing a bullish CHoCH. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold Mixed Feelings (Long or Short)Gold prices have been fluctuating within a range, showing a neutral trend. The price opened with a positive gap, rising from $2633 to $2676, and then corrected slightly to $2666. The 50-day Simple Moving Average (SMA) is providing support at $2671, while the 14-day Relative Strength Index (RSI) is holding well above the 50 level, indicating a potential for further recovery. For Market sentiment Gold buyers are still active, with the price attempting to resume its recovery above the monthly highs of $2726. Key Levels: Resistance is seen at $2726 and $2750, while support levels are at $2671 and $2650. Overall, the market is showing mixed signals, with both bullish and bearish factors at play. Keeping an eye on these key levels and indicators can help you make informed trading decisions.
OANDA:XAUUSD
by produzee
XAUUSD - gold will be welcomed by the Federal Reserve!Gold is located between EMA200 and EMA50 in the 1H time frame and is trading in its descending channel. If we maintain the drawn channel, we can witness the continuation of gold's decline and limited visibility of the bottom of the channel. Within the demand zone, we can buy with a suitable risk reward. If it returns to the ceiling of the channel, it is possible to sell within the supply zone. 1. UBS Gold Forecast: UBS has projected that gold prices will reach $2,900. This prediction is based on factors such as the rising U.S. debt, strong demand from central banks, and declining interest rates. The institution also anticipates that U.S. inflation will decrease to 3% by the end of 2024, 2.6% by the end of 2025, and 2.5% throughout 2027. These figures are significantly higher than the Federal Reserve’s 2% target, suggesting that persistent inflation may pose a significant obstacle to the Fed’s efforts to control it. 2. U.S. CPI Report: The U.S. Consumer Price Index (CPI) report for November highlighted the persistence of inflationary pressures. However, the details of the report appeared somewhat reassuring. CIBC Bank predicts that the Federal Reserve will reduce interest rates by 0.25% in its December meeting, though subsequent rate cuts may be delayed due to the economy’s continued growth. 3. Ray Dalio on Gold: Ray Dalio, the founder of Bridgewater Associates, referred to Bitcoin as a hard asset and stated that he prefers Bitcoin and gold over debt-based assets. He expressed concerns about a potential global debt crisis and emphasized the importance of shifting investments toward hard assets. Dalio pointed to unprecedented levels of debt in major countries such as the U.S. and China, deeming these debt levels unsustainable.Speaking at a financial conference in Abu Dhabi, he remarked, “It is impossible for these countries to avoid a debt crisis in the coming years, which will likely lead to a significant depreciation of their currencies.” 4. Dalio’s Evolving Stance on Bitcoin: Previously, Dalio believed that cryptocurrencies like Bitcoin would not achieve the success many had hoped for. However, in recent years, he has become a prominent advocate of Bitcoin. In 2022, Dalio suggested allocating up to 2% of an investment portfolio to Bitcoin and gold as a reasonable strategy to combat inflation. He also reiterated his preference for gold over Bitcoin while emphasizing the importance of portfolio diversification. 5. Peter Schiff’s Warning on Bitcoin: Peter Schiff, a prominent gold advocate, has warned that creating a strategic Bitcoin reserve in the U.S. could have negative consequences. On December 9, Schiff posted on the social media platform X, suggesting that the Biden administration should sell all Bitcoin currently held by the U.S. government before leaving office. He stated, “This move would not only help reduce the 2024 budget deficit but also put an end to all the nonsense about establishing a ‘strategic reserve’ of Bitcoin, which is detrimental.”
FOREXCOM:XAUUSDShort
by Ali_PSND
GBPAUD - Employment in Australia is at good levels!The GBPAUD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. In case of failure of this channel, we can see the demand zone and buy within that zone with appropriate risk reward. Continuing to move in the channel will pave the way for this currency pair to rise to the supply zone. Within the supply zone can look for GBPAUD sell positions. 1. Renewable Energy in the UK: British ministers are preparing for the largest renewable energy subsidy auction in the country’s history to achieve the challenging goal of generating clean electricity by 2030. Ed Miliband, the Energy Secretary, is set to launch the “2030 Clean Electricity Action Plan” today, aiming to decarbonize the power system by the end of the decade. A recent auction secured funding for 131 clean energy projects, guaranteeing 9.6 gigawatts of energy capacity, enough to power 11 million homes. Government officials plan to hold the largest auction to date by 2025 to meet the 2030 target of at least 95% low-carbon electricity. 2. Trump’s Proposed Tariffs: According to a Reuters survey, most economists believe that Trump’s proposed tariffs would have minimal impact on the UK economy. The survey revealed that the Bank of England is likely to cut interest rates by 100 basis points by 2025, with reductions probably occurring quarterly at 25 basis points each. Additionally, all 71 economists surveyed predicted that the central bank would hold the interest rate steady at 4.75% during its December 19 meeting. 3. Challenges in AI Oversight: The UK is facing challenges in its efforts to expand global oversight of artificial intelligence. The country aims to strengthen its “Artificial Intelligence Safety Institute” (AISI) and solidify its position as a leading institution in researching AI risks. However, plans to open a new office in San Francisco have been delayed due to elections in the US and the UK, as well as hiring challenges. 4. London’s IPO Market Decline: The London Stock Exchange, once a leading and prestigious center for initial public offerings (IPOs), has now fallen to 20th place among global markets, recording none of the top 100 IPOs in 2024. Markets like Oman, Malaysia, and Luxembourg have outperformed London in attracting IPO capital. The outflow of companies from the London Stock Exchange has also risen, exacerbated by 41 consecutive months of capital outflow from UK equity funds, increasing pressure on market brokers to merge or sell. 5. Australia’s Unemployment Rate: Australia’s unemployment rate in November dropped to its lowest level in eight months, while employment continued its strong growth trend. This surprising strength led markets to reassess the likelihood of a rate cut in February, following the Reserve Bank of Australia’s unexpected dovish shift that hinted at potential monetary easing. Data from the Australian Bureau of Statistics showed that the unemployment rate fell from 4.1% in October to 3.9% in November, the lowest since March. Analysts had expected unemployment to rise to 4.2%. The participation rate declined from 67.1% to 67.0%. Net employment in November increased by 35,600 compared to a revised figure of 12,200 in October, exceeding market expectations of a 25,000-job gain, driven largely by full-time employment growth.
Short
by Ali_PSND
ASX 200 futures look set to bounceThe Nasdaq reached a record high and the S&P 500 is close to reaching its own record high. So while the Dow was lower for a fourth day, 2 out of 3 indices rising could help support the ASX today. It's been over a week since the ASX began retracing from its record high, and with prices now trying to form a base above the monthly pivot point and historical weekly VPOC (volume point of control), I'm now looking for longs. The ASX has opened lower but remains within the overnight range. Assuming prices hold above the spike low, the bias is for a move higher to last week's VAL (value area low) or VPOC.
ASX24:AP1!Long
by CityIndex
ALFEN in 600% rally to 60 euro? ** investment opportunity - European stock! ** A focus on European stocks for a change. The US stock market is becoming increasingly overbought with opportunities few and far between for long term investors. A look overseas provides some attractive opportunities. As Europe transitions towards greener electricity generation so does the demand for infrastructure. One such company seeking to meet that demand is Netherlands based company ALFEN, which: “engages in the development, production, and sale of products, systems and services related to the electricity grid. It focuses on smart grid solutions, electronic vehicle charging equipment, and energy storage systems for businesses.” The TA: On the above 4 day chart price action has corrected 90% since August 2022, a number of reasons now exist to consider an investment in this micro stock. They include: 1) Price action and RSI resistance breakouts. 2) Price action on legacy support (see monthly chart below). 3) Regular bullish divergence. Multiple oscillators print positive divergence with price action. 4) The 60 euro range is 1st significant resistance upon legacy support confirmation. Is it possible price action continues correcting? Sure. It is probable? No. Ww Type: Investment Risk: You decide Timeframe for long: Remainder of 2024 Return: 500-600% Stop loss: Elsewhere Monthly support
EURONEXT:ALFENLong
by without_worries
Rigetti Computing, Inc. to print a 70% market crash ??** short trade - weeks ahead ** On the above 2 day chart price action has rocketed up 800% in the last 60 days. Now is a good moment to be “short”, why? 1) Price action meets flag forecast. 2) The forecast area is also monthly resistance. 3) Price action is multiple sigmas from the Bollinger Band Mean. Do not forget, 95% of all price action trades around the mean. 4) First support is around $2.35 5) Everyone else on tradingview is long. WW is a contrarian, that means he opposes popular opinion. www.tradingview.com Is it possible price action continues going vertical? Sure. Is it probable? No Ww Type: Short trade Timeframe for short entry: 48 hours Risk: You decide Return: 70%
NASDAQ:RGTIShort
by without_worries
14
SUI: Short term running out of steam?SUI remains in a bullish structure, but the confluence of resistance signals—RSI levels, Fibonacci extensions, and historical patterns—suggests a temporary pause or pullback. If other altcoins present better setups, it’s wise to consider reallocating. Additionally, retaining a portion of SUI for the potential continuation of the 4-year cycle rally aligns with a balanced risk strategy. Healthy Moving Averages: The position of moving averages on daily and weekly timeframes indicates the uptrend remains intact, offering potential for continued bullish action. RSI Considerations: Daily RSI Convergence: Suggests momentum is slowing as price approaches resistance. This could lead to a reversal or consolidation. Weekly RSI at 80: Historically, this level has coincided with peaks in price action, signaling overbought conditions. Fib Extension Target: Price hitting the peak Fibonacci extension from the first pump confirms a key resistance level. This often acts as a natural barrier where profit-taking occurs. Historical Behavior: SUI’s tendency to lead altcoin rallies and its earlier slowdown in early 2024 suggests a repeat cycle where it might again cool off before other assets. 4-Year Cycle Potential: While there’s room for another major run to the upside, the signals you’ve highlighted suggest a short-term pullback or consolidation phase before the next move. Additional Considerations Profit-Taking Strategy: Rotating profits into stronger or earlier-stage setups within the altcoin market may optimize your returns while mitigating risk. Market Sentiment: Broader market dynamics (e.g., BTC dominance, macroeconomic conditions) could influence SUI’s trajectory and its correlation to other altcoins. Volume Confirmation: Monitor for any divergence between price action and volume; declining volume on upward moves could signal weakening momentum.
by joelsko
30% correction to 70k next for Bitcoin ?? — December 3rd, 2024** short term forecast, days and weeks ahead ** On the above weekly chart price action leaps up 40% since all of 30 days ago. A number of reasons now exist for a bearish outlook. The include: 1) Price action and RSI support breakouts. 2) Regular bearish divergence. Multiple oscillators now print lower highs with higher highs in price action. 3) Price action is outside Bollinger Band on the weekly. Remember 95% of all price action trades around the mean, which is currently $70.2k 4) Hanging man candle print. A perfect example of buyer exhaustion. What does this means for alt tokens? That depends. Overbought tokens (XRP, Dogecoin, XLM, etc… ) they will join the correction with Bitcoin. A select few will enjoy the liquidity that comes from them. Do you know which? Is it possible price action continues to rise? Sure. Is it probable? No. Ww
BITSTAMP:BTCUSDShort
by without_worries
42
40% rapid descent for United Airlines holding, IncOn the above monthly chart price action has enjoyed a 180% upward move. There is evidence in the chart for a strong pivot, which includes: 1) Price action strikes legacy support for resistance test. 2) No market structure backtest to confirm support on breakout. A 40% correction is required to confirm. 3) On the 5 day chart (below) 17! Green candles print until market resistance. This is the strongest rally ever in the history of this stock before a market pivot. Previous to that was the 9 straight green candles on October 2016, which was followed by a 25% correction. 4) Short interest, 4%.. the market is far too bullish. Is it possible price action continues to rise? Sure. Is it probable? No. Ww 5 day
NASDAQ:UALShort
by without_worries
XAU/USD 12 December 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. Bias/analysis remains the same as analysis dated 25 November 2024. Awaiting candle closure to confirm bullish iBOS Price Action Analysis: As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed. Currently, price is trading within an established internal range. Intraday Expectation: Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. H4 Chart: M15 Analysis: -> Swing: Bearish. -> Internal: Bearish. Price Action Analysis: As highlighted in yesterday's analysis dated 11 December 2024, price was expected to print a bullish iBOS to narrow the internal range, and this is precisely how price printed. Following bullish iBOS, price printed a bearish iBOS. We are now trading within an established internal range. While price has not yet printed a bearish CHoCH, it has traded up to the premium of the 50% internal EQ. Intraday Expectation: Price is currently trading within the premium of internal 50% EQ. Technically, price is expected to target the weak internal low at 2,700.810. Alternative Scenario: Price may potentially seek further liquidity to complete a bullish iBOS on the H4, therefore, bearish momentum may face limitations. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
BTC DOMINANCE- BEARISH AFLife and Trading: Decisions Shape Outcomes Life can shift dramatically in a single day—either for the better or worse. Everything boils down to the decisions you make, whether in heated moments or calm reflection. When chaos and panic dominate, your best refuge lies in creativity, knowledge and balls. During the recent shakeout, I stayed silent—not because I lacked an opinion, but because moments like these require clarity. It’s like a car crash—you first ensure your safety before analyzing the damage. So, I distanced myself from the noise and dove deep into the charts. Key Observations: Bitcoin Dominance Bitcoin dominance, a critical indicator during altcoin crashes, was rising but met resistance at significant levels. Bearish arguments at that time included: Weekly Bearish FVG respected Daily Bearish FVG respected Trendline retest confirming the break Current Bearish Arguments: PMH & PML respected PWH & PWL respected Weekly and Daily Bearish FVG respected 4H swing highs/lows respected 4H Bearish FVG respected Strategy: Given these signals, it’s tempting to go all-in on altcoins. However, I anticipate a ranging market until Christmas, followed by a dip below the 50% level—a precursor to a true altcoin bull market. Be cautious: I expect another shakeout around December 18 or 23, where I plan to take significant positions. Always have a clear entry and exit plan to navigate these volatile waters. Follow me to stay updated, and remember—this market rewards patience and preparation. God bless you. -Jay
CRYPTOCAP:BTC.DShort
by Jaytradermb