xauusd gold analysis second week of december 2022Hello fellow traders and gamblers,
The areas highlighted with the rectangle box are gaps which have to be filled in the upcoming months.
Upon doing research and countless hours of studying, 2023 will mark the year of recession and gold rallying to new all time highs. This is evidenced by the 2007 crash which saw gold rally to new highs by 2013. We are following the same trend which started from late 2019 prior to covid outbreak. We are getting into the 4th year and gold has yet to set a surprisingly new all time high way above 2070.
I cannot tell you which way the market will go but you can see in the chart is liquidity points which institutions and banks have bought and sold from.
Good luck!
NEW
ZM accumulating @pandemic zone since Russian invasion; next TPsZM will continue to increase user base in the next few years even if work-from-home subdues. It has made a perfect ABC correction with A=C & is has been consolidating in the pre-pandemic 102 zone since Russian invasion started in Feb 2022.
The risk of worst-case scenario is very low compared to the great upsides if a new EW cycle begins after ZM breaks above the pandemic zone & go above Ichimuko cloud in the 4Q2022.
Not trading advice
A new low on EURUSD Yesterday we saw a breakout of 0,9950! Those are historical levels for this currency pair but that doesn't mean we shouldn't be looking for further continuation down.
We are now expecting to see price even lower. The next target is 0,9900 and basically the round numbers after that.
Entries could be made with aggressive stops and after any small pullback.
You don't even have to use a fixed TP but instead, you can have an open target and just move stops into profit every time price creates a lower structure.
XauUsd Huge profitable pullback Hello everyone its time to have some big push upward on XAUUSD from 1755.00
So we have a strong support line at 1754.00.
According to the support zone and RSI (under 50) I found out that the price is going upward right from 1755.00 to maybe near 1800 so I hope your trades will be profitable for today.
Everything is showing us that prices will go up so make your own setup and start making a profit.
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Stay safe.
BTC 25% drop is upcomming !!!BTC will broke the triangle one way or another but i am almost certain that we are breaking to the downside. This will happen (AROUND) 13th of july.
I persoaly will enter a 25x short setting my TP at around 14 600. This will most likely be the bottom unless some bad political/economic news come. Atleast this will be the tehnicall bottom.
Vol data giving trade set up? This was an interesting find using the EMA on Implied vol indicator. Looking at the technicals below the bar chart price has rallied 3 out of 3 times when this has happened during oct 2021 and April 2022. Along with the rallies have come the sell offs unlike the rallies the black EMA and the vix fix line track each other as the market sells off causing the red line to turn green and signal the next market rallies. I have still have to do back testing with it being this accurate it my be repainting.
Heres a link to my chart www.tradingview.com
USDJPY ShortHi! I use Auction Market Theory to trade the
markets! For me, the markets have trading too high in
price as seen in that reject of 125.000.
So I use concepts from James Dalton such as long liquidations, short covering rallies, and ledges to determine what the state of the market is.
As of right now, USDJPY has shown rejection at 125, price is perhaps too high for most traders and as a result is trading lower. Right now, I believe price to be in a form good trade between current large buyers and sellers, but eventually that will exhaust. I anticipate that price will reach that 118.57 because that is an area where price
had recently rallied from.
Price will move to seek trades that allow for buyers and sellers to have enough orders between them.
Floki Inu Becomes Official Sponsor Of Formula One Formula 1, on the other hand, is broadcasted to 170 territories with an average TV viewership of 87 million per race and a growing audience of 1.5 billion people.
This means that with this partnership, the FLOKI brand will reach an astonishing 1.5 billion people, as FLOKI’s logo will be featured on rear-end wing plates of both Alfa Romeo Formula 1 Team ORLEN cars for the entire 2022 season.
This partnership will also help FLOKI grab the Chinese audience’s attention as Guanyu Zhou will make his debut in 2022 as the first-ever Chinese driver in Formula 1 alongside Valtteri Bottas. In addition, Formula 1 is expected to be hosted in Miami for the first time. Miami is considered one of the famously expanding crypto markets, so that Floki will be observable to Miami sports lovers.
The team takes it as one of the hottest moves as they develop their flagship play to earn game (Valhalla) and bring crypto to the masses.
Before this announcement, Decalspotters, independent motorsport coverage, claimed that Alfa Romeo F1 is all set to announce the new sponsorship deal with FLOKI in the coming days, the rumors got viral on social media platforms. However, when Floki’s team was reached for details by TheCryptoBasic, they denied the news by saying they would not provide any official comment on the matter.
Hidden GemFirst time ever going flat, not dropping lower regardless of BTC , also has gone up a bit as BTC went down showing demand. New co about to take off IMO. I believe this is the hidden gem. 0.10 by the 5th of March. growing in popularity on Social. Hipsters love to chip pets and use an app to help shop, care and play for there pets. I bet this will be a winner. GL
$ZVIA: Refreshing Competition Zevia ($ZVIA) is a zero-calorie, zero-sugar beverage company. They have a diverse portfolio offering energy drinks, mixers, soda, and plenty more.
The general portfolio offers a new perspective on the beverage industry. Zevia has been able to accomplish a happy medium for consumers providing a sweet and rich flavor without the sugar content. The company just had its IPO back in the summer of 2021. Investors had mixed feelings about the Q3 earnings. First and foremost, is the debt the company currently has. The company has been trying to clearly find new bank investors over the past couple of months.
Despite this issue, it's important to highlight the success the company has had: #1 selling soft drink beverage brand on Amazon in 2021, entered in the warehouse club channel, and 30% of consumer demand are new to the brand.
Refreshing Competition
Coke-Cola ($KO), Pepsi ($PEP), and Monster ($MNST) have been the market players for quite a long time. If Zevia is able to continue to find new investors, expand the there portfolio, and move more products to brick-in-mortar they might have a chance to be a viable competition.