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Gold analysis of Nov 2022 TF Week (short- to long-term)Gold made the triple bottom at 1618 in the past two months. Recently, the price has reverse to 1772 as the negative CPI data and the inflation rate is lower than expected. This price action confirms the end of Wave C. Short-term analysis After the gold price has a sharp rally over 100 usd in last week, it is expected to have correction next week from 1772 (wave 1 green), but still in an uptrend. However, it should not drop below 1680 (wave 2 green). Tradi ng strategy: Sell 1772-1802 TP 1766/1758/1747 SL set according to your margin (probably hit 1806) Medium-term analysis It is necessary to wait for a confirmation signal from a pullback to wave 2 green, which should not fall below 1680 (wave 2 green). Then, it would be great chance to open long/buy positions. In contrast, if gold has pullback lower than 1680, it has a chance of a bearish reversal, which means that this strong rebound (at 1772) is just a market correction. It may result in the price of gold continuing to decline in the long term (red wave) Long-term analysis 1st scenario, if gold keep it rising trend, the price action can made a new high (> 2070) following to green wave (5) 2nd scenario, if gold reverses to a downtrend, we might see great drop to 1302 following to red wave (5). Regard to the "Gold price prediction chart pattern" my long term analyzed on March 30, 2022 (see more detail in attached link).
BLACKBULL:XAUUSD
by ThiMars
5
BULLISH into BEARISH ScenarioTSLA has momentum to move to 180 area. (This needs to happen before FOMC meeting) I thought Tesla was finished here, but momentum is strong and puts are piling in, I think we may see a continued rally to 169,if we close above 167.55 on daily or weekly, Tesla could hit 180 by Tuesday, before selling off Technical Bullish Patterns: 15min- Bullish pennant breakout - measured move to 170-175 (close below 154.5) invalidates (false break-out) Daily: H&S Pattern measured move to 175-181 (close below ) Technical Bearishness: 1 hr - Bearish Divergence on RSI, MACD, STOCH 200 WMA: 167 currently oversold on BB bands Bearish Catalysts: -1/27 PCE Prices higher than expected -1/31 employment cost index higher than expected -1/31 Bad Tech earnings -2/1-Fed Drops Market on Feb 1st (FOMC decision) **** I think Fed will tank the market
NASDAQ:TSLA
by Black_Sheep1
1
XAU/USD Nice move from market Bias today is down - I prefer to Short more than Long Plan 1: Sellers continue breaking by Strong Buyers Zone and price move down to 1912 Plan 2: Price is protected by Strong Buyers Zone and price increase to 1927, which has big volume from Sellers. I think we will see a litigation for this area but Sellers will take advantages and Price move down to 1912 Plan 3, just my vision. Price breaks and move above the yellow circle then we can take risk a Long trade to zone 1930 or 1940 These are my plans but it still a possibility :) Have a good day guys! Ray
OANDA:XAUUSD
by TraderBBBBB
6
Daily review of ETH interval 4HHello everyone, let's look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price is moving in a triangle and is getting closer to leaving it. Let's start with the support line and as you can see the first support in the near future is $1562, if the support is broken then the next support is $1542, $1515 and $1480. Now let's move to the resistance line, as you can see the first resistance is $1583, if you manage to break it, the next resistance will be $1600, $1615 and $1630. Looking at the CHOP indicator, we see that there is some energy left for further movement, the MACD indicates entering a local downtrend, while the RSI shows a rebound and a downtrend.
by cryptodailyuk
P2P | DXY - Market PredictionAlright my fellow traders and tradettes! This is my first market prediction (really more of an analysis) on what I potentially see coming from DXY. Now as we can see it has broken below my channel so that indicates 2 things to me: 1. Selling pressure = bad economy, bad fundamental news, etc. or 2. Selling off to buy wayyyyy up! Reason why? Well where price is currently sitting, its forming a Dojo candle. (Doji = indecision, usually a direction change on higher timeframes) The sky blue box near current price represents a 2nd form of head-and-shoulders pattern, where we could see a push up to sell off even more (yes, double shoulders baby!) If you notice where I have my TP level set, its actually the 50% of a FVG (fair value gap) that was merely filled when DXY began the rally up. So what does the lil emoji dude have to do with this mark up? LOL Well he's actually indicating an intermediate high that I wouldn't be surprised to see price come back to visit! Plus I tapped into FF (Forex Factory) and didn't see any news for USD until February so I feel that could assist the rise of DXY to build up for the fall... But again ladies and gents this is just a higher timeframe mark up, I am not expert. Just another young student in this market ocean with a harpoon looking to catch a Megalodon! So all in all my bias on DXY: SHORT-TERM BULLISH / OVERALL BEARISH And with that being said happy trading, trade well, and lets run it up from 2023 til infinity! If you got some value out of this mark up please share it, boost it to your trading pals, and help grow the channel. DISCLAIMER: ***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
TVC:DXY
by Pips2Porsches
1
Short Update ETH/USDT 4H INTERVALWelcome to ETH Updates. As we can see on the four-hour time frame, the price is moving above the local uptrend line. Please see that price has moved up from the resistance at 0.786 FIB, when it positively tests this area, we could see another upward move to the resistance at $1353. At this point, however, it is worth looking at the CHOP index, where we see depleted energy, while the RSI is very high, which may indicate a healthy price correction, to the levels of $1286, $1260 and even $1239.
by cryptodailyuk
3
KCS - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart KCS is overall bearish trading inside our brown wedge pattern and it is currently approaching the lower brown trendline. Moreover, KCS is still sitting around a strong support zone and round number 5.0 so we will be looking for buy setups on lower timeframes. As per my trading style: I will be looking for reversal setups (like a double bottom pattern, trendline break , and so on...) Unless the 5.0 support is broken, then a movement till the 2.5 support would be expected where we will be looking for new buy setups. on H4: Right Chart For now, for the bulls to take over from a short-term perspective, we need a break above the last major high in orange. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
COTI / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the 4H COTI to USDT chart as you can see that the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $0.0686 T2 = $0.06943 T3 = $0.07013 T4 = $0.07077 and T5 = $0.07176 Now let's move on to the stop loss in case the market goes down further: SL1 = $0.0675 SL2 = $0.06638 and SL3 = $0.06494 Looking at the CHOP indicator, we see that the energy is gathering more and more strength on the 4H interval, while the MACD indicator indicates a local downtrend. It is also worth adding that we have a rebound on the RSI.
by cryptodailyuk
LUNAUSDT - 4H Interval - Targets and StoplossHello everyone, let's look at the 4H LUNAUSDT chart as you can see that the price is moving in the uptrend channel, however it has locally moved sideways from the uptrend line in the channel. Let's start by setting goals for the near future that we can take into account: T1 - $1.6663 T2 - $1.6928 T3 - $1.7154 T4 - $1.7373 and T5 - $1.7694 Now let's move on to the stop loss in case the market goes down further: SL1 - $1.6464 SL2 - $1.6114 SL3 - $1.5821 SL4 - $1.5533 and SL5 - $1.5145 Looking at the CHOP indicator, we see that the energy is strongly charged on the 4H interval, the MACD indicator indicates entering a local uptrend, while the RSI shows that despite we are high, we have room for further growth, but it is worth keeping the SL.
by cryptodailyuk
1