Community ideas
nifty view for 24/12/24Daily Time Frame
Price is moving around 200 MA and price might take support from here
20 EMA is moving below 50 EMA and RSI is bearish
Hourly Time Frame
20 EMA and 50 EMA are below 200 MA and 20 EMA can act as resistance
RSI is bearish
MACD is in bull's favor
15 min Time Frame
50 EMA can act resistance
RSI is also bearish
ONLY MACD in bull's favor
overall I am bearish for tomorrow, but opening candle is very important, opening candle can change the direction.
Long Target confirm signal Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session.
Gold now sell 2623
Support 2590
Support 2550
Resistance 2680
GOLD POSSIBLE SELLThe market is currently testing the current Daily 0.618Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
USD/JPY "The Gopher" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Goal 🎯: 163.000
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EURUSD short-term trading set-upThe EURUSD pair has been trading within a Channel Down since the September 25 High and remains on a bearish course below the 4H MA200 (red trend-line) since October 01. The 1D RSI is displaying a huge Bullish Divergence, being on Higher Lows against the Lower Lows of the Channel Down, so long-term a strong bullish break-out is expected.
On the short-term though, we can take advantage of this Lower Lows fractal that has been formed another 2 times on this pattern and rebounds towards the 4H MA200. You can short towards the RSI's Higher Lows trend-line, take the profit and switch to buying just before it touches it and then target 1.04200 (expected course of the 4H MA200).
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XAUUSD FALL LIKE A RAIN AGAINHello guys check my today's anaylsis kindlyshare your idea about xauusd, in my opnion gold will go down till 2575/2560, now gold at 2614 so can hit 2620/25 after that xauusd fall like a rain go kindly support me for more updates about xauusd
Key points,
Resistance zone 2627
Current price 2614
Support zone 2585
Targer area 1 2575
Target area 2 2560
Must share your idea about xauusd with like and comments, follow for more updates on xauusd
Gold H4 Long / Short AnalysisGold Price Analysis: Buying Opportunity Arises!
The gold price is consolidating below $2,600, nearing a one-month low. However, with the Fed's cautious policy easing, a potential buying opportunity arises.
We've identified two potential trading opportunities in the gold market:
SELL Opportunity
Sell Gold at: 2652
Target: 2610
Stoploss: 2660
BUY Opportunity
Buy Gold at: 2605
Target: 2700
Stoploss: 2600
Stay ahead of the market with our expert analysis!"
Best wishes Tom 😎
BTC turns down from high position
BTC is still in a five-wave downward structure, and the overall trend is bearish. Since yesterday, it has been in a weak adjustment stage in the short term, and the price fluctuation has significantly weakened. 92000 below is still a strong support level. If it falls below this position, it may pull back to the starting area of the previous rise, further confirming the bearish trend. In the short term, the 4-wave low point above forms a strong suppression. If the price fails to break through this resistance, the short-term idea is still dominant.
If you have not entered the market yet, you can consider looking for short-selling opportunities in the rebound of the 95000-95600 range, and the stop loss is set near 97000. The downside targets are TP92000, TP88000 and TP86000 respectively.
In general, although the short-term price fluctuation has decreased, the weak adjustment trend has not changed. It is still necessary to pay attention to the performance of key support levels. Breaking through these supports may accelerate the callback process.
If you have different opinions, please leave your views. Like and leave a message. Thank you for your support!
LPGL - PSX - Technical AnalysisOn daily TF, this stock is in Bearish run for quite some time, making LHs and LLs. However, now seeing PSX going into bull run every stock has started to shift its momentum towards bull run.
SHARK harmonic pattern has been drawn (93% compliant). If price follows this pattern then very good return are expected. Price value zone of 170~175 is critical resistance zone, if it is crossed then bull run will likely to follow this pattern. RSI and Stochastic are indicating sufficient space to stay in bullish run. However, be mindful that a limited volumes are traded in this stock.
Trade Values
Buy (CMP): 131.99
TP-1: 165
TP-2: 235
TP-3: 365
TP-4: 440
SL: 100
Dynamic Trio: $85K, Trendline, and EMA in FocusThe $85,000 level is a key confluence zone, combining horizontal support, the rising trendline, and the 100 EMA as dynamic support.
This area is critical for potential bullish momentum. Monitor closely for price reactions, as holding this level could trigger a bounce, while a breakdown may lead to further downside.
BTC is poised for a breakout Yesterday, BTC failed to activate a bullish setup and slid to a low of 92,520 before staging a recovery.
I’m eyeing a break above 95,509, with confirmation, to kickstart a rally towards the first target at 99,514. If momentum holds, we could see maximum potential up to 103,837.
I’m not looking for short setups till it breaks under 92,500.
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Could the Silver drop from hereThe price is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support level which acts as a pullback support.
Pivot: 29.83
1st Support: 28.81
1st Resistance: 30.73
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the price reverse from here?GBP/CHF is reacting off the pivot and could drop to the 1st support.
Pivot: 1.1262
1st Support: 1.1188
1st Resistance: 1.1314
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EUR/USD Technical AnalysisEUR/USD Technical Analysis: Selling Pressure Continues Within the Descending Channel
The EUR/USD pair remains in a downtrend on the 4-hour timeframe, with sellers maintaining control while buyers struggle to break key resistance levels. Below is a detailed analysis of the pair's recent performance:
Overall Market Trend
The prevailing trend for EUR/USD is bearish, as the price continues to move within a well-defined descending channel. Multiple attempts to break above the upper boundary of this channel have failed, indicating strong resistance from sellers.
Key Levels
Resistance Levels:
The primary resistance is located at 1.0449, which has consistently rejected upward movements. A breakout above this level may signal a potential shift in momentum.
Support Levels:
The major support lies at 1.0331. If this level is breached, the price is likely to move lower within the channel, further reinforcing the bearish outlook.
Technical Indicators
Ichimoku Cloud:
The price remains below the Kumo Cloud, signaling continued selling pressure and a strong bearish trend. The absence of significant support near the current price suggests a higher probability of further declines.
Bollinger Bands:
The price is approaching the lower Bollinger Band, reflecting short-term selling pressure. However, if the market enters oversold territory, a temporary rebound may occur.
Moving Averages:
The 50-period moving average (blue line) acts as a dynamic resistance, consistently rejecting any bullish attempts and confirming the bearish trend.
Possible Scenarios
Bearish Scenario:
If the price breaks below the support level at 1.0331, further downside movement is expected, potentially attracting more sellers into the market.
Bullish Scenario:
A breakout above the resistance at 1.0449 could lead to a move toward higher levels within the channel, with a potential test of the descending trendline. However, this would require strong buying momentum and a shift in current market conditions.
Conclusion
The EUR/USD pair remains under selling pressure, with the downtrend likely to persist in the short term. A breakdown below the key support at 1.0331 could accelerate the bearish move, while a sustained breakout above 1.0449 may signal a potential reversal. Traders should exercise caution, especially given the reduced trading volume and market activity during the Christmas holidays, which could lead to lower volatility and fewer trading opportunities.
Why NVDA was not a good candidate for Selling Short last weekBy Friday last week in NASDAQ:NVDA , Support of the Market created an inside day to reversal rebound white candle that engulfed, indicating that the minor drop down out of this trading range was just that: a minor slip of price to below fundamental levels.
Volume was well above average and Volume Oscillators--TSV, TTVA or Chaikin Osc--ticked up along with money inflows. Never assume that a break to the downside from a stable sideways trend is going to continue down. Inside days are no longer a "sure thing" for selling short.
Along with support from a bottom formation, the minor nudge before the black candle that dropped below the low of the sideways trend also was a factor in determining that NVDA was not going to run down. Sell short risk was exceedingly high based on these factors.