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BEAMX: A New Star Emerges, Aiming for New Highs! 🚀💫Today, let's shine a spotlight on BEAMX, an emerging star in the crypto galaxy. Despite being a newcomer, it's showcasing unmistakable bullish vibes, setting its sights on the $0.5 milestone. Join me as we explore the promising trajectory of this budding coin! 🌌📈 BEAMX's Stellar Prelude: Genesis of Optimism: Fresh Arrival: BEAMX has recently entered the crypto scene, but its early performance is signaling a promising journey. Bullish Aspirations: With an ambitious aim, BEAMX is eyeing the $0.5 level, showcasing a bullish inclination from the outset. Breaking Free from the Triangle: Chart Dynamics: BEAMX has gracefully broken free from an ascending triangle, symbolizing a powerful bullish breakout. Imbalance Residue: Leaving a notable imbalance on the 4H timeframe, the stage is set for a potential retest and continuation of the upward momentum. Navigating BEAMX's Cosmic Trajectory: Retest Expectation: Anticipated Move: A retest of the breakout level is on the horizon, presenting an entry opportunity for traders. Strategic Outlook: A successful retest may pave the way for a confident push towards the $0.5 target. BEAMX's Advantage: Early Indicators of Strength: Despite its infancy, BEAMX's bullish demeanor signals early strength, attracting attention from traders seeking new opportunities. Strategic Entry Points: Traders can capitalize on the imminent retest, strategically positioning themselves for potential gains as BEAMX embarks on its upward journey. Conclusion: BEAMX, the rising star in the crypto constellation, is proving that a bold entrance can command attention. Keep a watchful eye on the anticipated retest, as it may unlock a pathway for traders to ride the bullish wave towards the coveted $0.5 milestone. May your trades be as stellar as BEAMX's ascent in the crypto cosmos! ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
XAUUSD US GDP) ANALYSIS🤷hello traders what do you think about this analysis trading ideas 💡😁💡 Gold rallies toward 'golden cross' after defying bearish signal Nov 29, 202316:08 GMT+5 By Myra P. Saefong Precious metal trades near highest since May Gold futures have climbed to their highest prices since May, just eight weeks after a death cross in prices signaled the potential for further weakness. That marks a shift in the market toward a bullish indicator known as a "golden cross," which happens when a short-term moving average climbs past a long-term moving average. Gold futures were on track to soon reach that technical milestone. As of Tuesday, most-active futures (GC00) saw the 50-day moving average at $1,947.82 and its 200-day moving average at $1,952.17, according to Dow Jones Market Data. The December gold futures contract (GCZ23) settled at $2,040 an ounce on Comex, the highest finish since May 9. The gold-backed SPDR Gold Shares exchange-traded fund GLD, however, is much closer to reaching its golden cross. In Tuesday trading, the ETF's 50-day moving average was at $179.70 and its 200-day moving average climbed to $180.12. "Whether or not gold enters the golden cross, the investment case for gold is strong," said Joy Yang, head of product management and marketing at index provider MarketVector.
FOREXCOM:XAUUSDShort
by SMC-Trading-Point
Gold Next Move ? (XAUUSD)Investors in Asia, meanwhile, took comments from erstwhile Federal Reserve hawk Christopher Waller as perhaps a signal of another era-shift, as he flagged that U.S. interest rates could be cut in the months ahead. A rally in bonds and slide in the dollar that has run for weeks in the afterglow of a benign U.S. inflation report extended in Asia in the wake of Waller's remarks. Two-year Treasury yields fell to a four-month low just below 4.70%. Ten-year Treasury yields hit a two-month low of 4.28%. Interest rate futures price more than 100 basis points of cuts next year and a 40% chance they begin as soon a March. The dollar's slide led to multi-month highs for the yen, euro, sterling and Swiss franc against the greenback and sent spot gold, in dollars, to its highest since May.
TVC:GOLDShort
by ZumixFX
1
Euro Ascendancy: Unveiling EURJPY's Resilience Post-TokyoEURJPY underwent a correction at the onset of the Tokyo trading session following the release of Japan's National Core CPI data on November 24, 2023. Despite the data indicating a slight increase from the projected 2.8% to 2.9%, it's crucial to note that this led to only a minor correction in this currency pair. This correction aligns with market movements typically associated with economic data announcements. Technical Analysis: The currency pair currently positions itself near a robust demand zone identified at the 163.720 level. This zone has demonstrated significant resilience in previous periods, creating opportunities for potential further strengthening. In the realm of technical analysis, the target for strengthening is set at the 167.660 level, reflecting the pivot point since August 2008. Supporting Factors: Euro Strength: Despite a minor correction, the Euro maintains its resilience. Fundamental factors, such as the conservative monetary policy of the ECB, provide robust support for the Euro, particularly after touching a strong demand zone. Japanese Inflation: Despite a modest increase in Japan's CPI by 0.1% since October 2023, this can be viewed as a relatively insignificant impact that merely resulted in a temporary correction, presenting opportunities for short-term strengthening. Historical Price Movement: Historical price movement analysis indicates that EURJPY has the potential to reach its highest level since August 2008. This is attributed to the high-interest-rate policy implemented by the ECB in recent times, acting as a catalyst for this strengthening. Notably, the Euro has shown a robust increase against the JPY since October 30, 2023, with a notable surge of 3.44% as of the time of writing. Risks and Considerations: It's imperative to remember that trading always involves risks, and market conditions can change rapidly. Risks associated with changes in ECB policies, Japanese economic data, or geopolitical factors should be vigilantly monitored. Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Trading decisions should be based on in-depth analysis and an understanding of associated risks. Trading always carries risks, and past performance does not guarantee future results.
Long
by fardycurry
2
🚀 BNB's Liquidity Power: Breaking Through Heights! 💰Binance Coin (BNB) is gearing up for a spectacular ascent, fueled not just by its technical strength but a reservoir of liquidity waiting to be unlocked. The recent legal resolution in the U.S. is adding another layer of intrigue to BNB's narrative. Let's delve into the liquidity dynamics and the implications of the legal verdict on BNB's trajectory. Chart Analysis: BNB's Liquidity Bonanza BNB has amassed a remarkable pool of liquidity, especially notable above the $350 mark. The charts reveal a tantalizing scenario where breaching this level could pave the way for a smooth ascent to $700. The layers of liquidity provide both challenges and opportunities for traders navigating BNB's vibrant landscape. Legal Twist: Binance's Verdict Impact In a recent legal development, Binance received a verdict in the U.S. legal proceedings, necessitating a hefty payout of $4 billion. Surprisingly, rather than dampening spirits, this news seems to have injected a bullish fervor into BNB. Markets interpret the resolution as a step toward regulatory clarity, removing a lingering uncertainty. Trading Strategy: Unveiling BNB's Potential Surge For traders eyeing BNB, the $350 level is the initial battleground, where the liquid battleground awaits. A successful breach opens the gateway to explore the uncharted territories around $700. The legal resolution, despite the hefty payout, is seen by many as a positive step, potentially clearing regulatory fog for BNB. Conclusion: BNB's Dual Catalysts BNB, armed with both technical strength and a wealth of liquidity, is standing at a crossroads. The $350 level, laden with liquidity, serves as a key test for the bulls. Simultaneously, the legal resolution, though costly, could pave the way for increased institutional confidence, potentially catalyzing BNB's upward trajectory. 📈 BNB Analysis | 💰 Liquidity Layers | ⚖️ Legal Verdict Catalyst ❗See related ideas below❗ Are you ready to ride the liquidity wave with BNB? Share your insights and strategies ! 💚🚀💚
Long
by Yaroslav_Krasko
USD/CAD Toward 1.39 after US Data?The USD/CAD pair has attracted buying interest, maintaining modest gains just below the 1.3700 level. Declining crude oil prices and the strengthening of the US dollar contribute to this dynamic. From a technical perspective, the 50-day Simple Moving Average (SMA) support has been defended, but the lack of sustained support requires caution. A break below the support could lead to deeper losses. Conversely, sustained strength beyond 1.3710 could trigger a short-covering move, but further upward movements may be seen as selling opportunities. The key level of 1.3800 will be crucial; surpassing it will shift the short-term bias in favor of bulls, with the goal of reaching 1.3900, the highest level since May 2020. In fact, on a daily basis, the price is moving in a resistance zone at the 1.37 level, supported by an uptrend channel. My current bias is long since the price is bouncing off the intersection of two daily trendlines. However, before entering, I will wait for US data before the opening of the American market. Subsequently, if my view is supported by the data, I will evaluate and look for a long entry with a target of around 1.39-1.40. Comment and leave a like, greetings from Nicola, the CEO of Forex48 Trading Academy.
Long
by EdgeTradingJourney
18
Should I do a FOMC strangle/ straddle play? Read here.So, what's the best way to play FOMC? Probably a strangle. According to last FOMC on 9/20 your NASDAQ:QQQ calls would have printed around +50% or more. Assuming you sold and held your puts, your puts would have given you an extra 200% to 300%. You can do this on any stock obviously. Don't get greedy. Best decision might be to stay out of course. Choosing a definite direction (i.e. holding calls/ puts only without a hedge) is pure gambling. Good luck. Welcome to follow for trade ideas. FOMC chart 9/20:
NASDAQ:QQQ
by kingdips
Can The Dollar Push Higher? Hey traders, welcome back. The dollar is increasing heavily to the upside as I make this video. Now we don't know how price will close but it is important to watch how she closes today. If price continues this could affect the major currency pair market in a mighty way. All Base dollar pairs could continue to increase while Quote dollar pairs could continue to decrease. It's a patience game right now, but may be one to play if you have the right hand.
TVC:DXYLong
by ShaquanLopez
2
Gold Long to 2000Monthly resistance for gold is around 2050. I think in time, hopefully by month end gold will be back up at this area. Following on from the news, Biden has sent $100m to Palistine as aid. This will effect the dollar price, and theoretically push gold further up. We have seen strong bullish movement with gold, Powells speech yesterday has caused a nice rise too. Currently im basing most of my trades and strategy soley from news. I use OBs and FVG, but co ordinating this with fundementals, we can clearly suggest gold will not come down anytime soon. Especially as the war in Israel is current.
TVC:GOLDLong
by xEthan
1
gold on the 1940$ The recent conflict in Palestine/Gaza appears to be tapering off, even though Israel's TA35 stock index is teetering on the edge of a potential downturn. This shift in the market has brought gold to the forefront as a reliable safe haven for investors, with its value consistently holding strong. This indicates that gold has become a preferred choice for many major investors, seeking stability in uncertain times. In addition to this, Israel's military force hasn't been able to fulfill their earlier commitments to enter Gaza via land routes. This has created a sense of uncertainty in the region. Interestingly, the performance of gold is signaling potential upcoming fluctuations in its value. We'll continue to provide updates on this evolving situation.
OANDA:XAUUSDShort
by JORDAN-WALLSTREET
Gold Analysis of War impact.Upon research, here is the fundemental reasoning for my gold entries. I have placed an order at 1853.5 I think gold has not given up with with the push down as of yet. And I feel asif theres further to go. As far as the Israel and Palistine war is going: USA seem to already putting there nose in, sending warships over etc. This is only fustrating Hamas. Theres no doubt Hamas will not win this, Israel has the backup of many countries including an ally of NATO although not officaly apart. Weve seen the spike of gold from massive reserves being sold off. Golds hovering around the 50-60 area. Whats interesting to me from reading, is that what Saudi have to say. We know Saudi are a very powerful, oil rich country with massive gold reserves too (323 ton they hold). If they get involved we may see alot of market movement. For the good or bad i can not comment. Watch gold closely, probably better to look at trades before news is announced. But as this is war, and news is news, we cant predict. Just to put in perspective, Saudi have more gold than Bolivia, Finland, Cambodia, Belarus, UAE and Argentina together. But are still only at 16 in the world for holdings. If we look at Saudis oil reserves, they are No2 in the world. They’ve got 65.4 years of oil reserves stored, And produce a whopping 10.85 million barrels per day. That’s est. 1,725,150,000L per day. Crazy figures. Ill update this post with daily and weekly thoughts. In summary, I feel the war unfortunatley has further to go. This is only the start. Could this pump or dump gold? ... Time will tell Ethan
OANDA:XAUUSDShort
by xEthan