Ren/UsdtBINANCE:RENUSDT
REN is in a strong uptrend, with the key levels being $0.0620 - $0.0630 / 0.0874 for resistance and $0.5300 - $0.5000 for support. If the price respects these levels, there could be further upside potential in the market.
Reminder:
This analysis is based on current market conditions. Always be mindful of potential risks and manage your trades accordingly.
Signals
Gold Analysis: Navigating the Wild Swings in XAUUSDNot long ago, I used to discuss potential targets of 1,000 pips for OANDA:XAUUSD in my analyses, explaining why trading XAUUSD requires factoring in potential moves of 300–400 pips as part of a well-thought-out strategy, not 30-50 pips.
Fast forward to today, and the landscape has shifted dramatically. A 500-pip movement in a single day has become standard, while 600–800 pips—or even the occasional 1,000—are no longer rare occurrences.
But let’s set aside the preamble and dive straight into what we might expect from gold in the near future.
In my analysis yesterday, I suggested that a lower high, relative to the previous all-time high, might be forming. This led to the idea that selling into rallies after the normal correction of the Asian session drop could be a viable strategy, with an initial target around the 2650 level.
True to its newfound roller-coaster nature, gold once again surprised us by plunging far deeper than anticipated, hitting a low around the 2605 support zone. As outlined in the previous analysis, the short-term trend has now probably shifted to bearish, and a further decline towards the 2520 support level is not out of the question.
Key Levels and Trading Strategy
- Sell Rallies: Potential selling opportunities could emerge on rallies near 2640, with a stronger resistance level at 2660 providing an additional entry point.
- Interim Support: The 2590 zone could serve as a short-term target, while an extension towards the 2520 level presents an attractive setup for a swing trade.
Given the current market conditions and gold’s remarkable volatility, these levels are merely guidelines. In such an environment, adaptability and careful risk management are critical for navigating the market successfully.
Keep in mind, anything can happen in these market conditions—stay prepared!
USDJPY: Your Trading Plan Explained 🇺🇸🇯🇵
USDJPY is trading within a rising parallel channel on a daily.
The price is currently testing its support.
To buy the market with a confirmation,
watch carefully a bullish flag pattern on a 4H time frame.
A bullish breakout of its resistance and a 4H candle close above will
give you a strong bullish signal.
With a high probability, the price will keep rising then
and reach at least 155.3 level.
Alternatively, a bearish breakout of a channel's support on
a daily may push the prices lower.
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XRPUSDTXRP/USDT continues to show bullish strength with support from the technical structure and the main trend line. If there are no surprises from the market, the possibility of the price testing the 1.520 - 1.620 zone in the coming sessions is very high. Investors need to closely monitor the price reaction at the support and resistance zones to optimize their trading strategy.
Bitcoin: Approaching 100,000...Focus on 96,500Hello all dear friends!
Bitcoin is approaching a critical point as it nears the psychological resistance level at $100,000 within its ascending channel. The 4-hour chart clearly shows that BTC is gaining strength, supported by the EMA 34 and EMA 89, signaling a steady uptrend. However, the question remains: Will Bitcoin surpass this key level, or are we about to witness a pullback? Theoretically, this is still unclear… Personally, I recommend traders limit their trades as the price approaches this level and open positions only when there is a clear confirmation.
From a technical perspective, we can clearly see that the price is climbing smoothly in a sustainable uptrend toward $100,000. However, after the previous rally, it seems the price has missed significant liquidity zones… For this reason, I do not rule out the possibility that the price may approach the resistance level with the intention of establishing a new high before any reversal reaction occurs. That said, I would prioritize trades if the price breaks below the $96,500 support level, targeting take-profit levels sequentially at $93,300, $88,800, and $85,000.
BTCUSDT: Bullish momentum continues to buildBINANCE:BTCUSDT continues to hold its ground, trading with an uptrend as buyers look to push the price above a key resistance level. Currently, BTC is consolidating near $91,824, showing signs of accumulation within an ascending triangle pattern. This pattern is often considered a bullish signal, indicating a strong breakout.
The current market sentiment remains bullish, supported by institutional interest and macroeconomic factors, such as a weaker dollar and growing demand for cryptocurrencies as a hedge. The chart shows that Bitcoin could gain momentum, especially if buyers manage to break above the key resistance level of $93,300.
Traders should keep a close eye on the $93,300 resistance level. A confirmed breakout with high volume could provide an entry point for long positions, while traders remain conservative. However, with the price reacting to strong resistance, I do not rule out the possibility that the price could wait for a pullback to the $90,000-91,000 zone, form a trend line and rise.
Lingrid | SOLUSDT long from SUPPORT zoneThe price perfectly fulfilled my previous idea. It reached the target zone. BINANCE:SOLUSDT is currently forming a complex pullback from the resistance zone, while the overall market trend remains bullish creating higher highs and higher lows. This price action suggests a possible period of consolidation, similar to what we've seen in the recent moment. However, if the price rejects the support level and the channel border, we could see a continuation of the upward momentum. It’s also possible that the market may target liquidity below the equal lows, which often serves as a magnet for price action before a bullish move. My goal is resistance zone around 262.00
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Gold Awaiting the FOMCGold prices are experiencing a recovery after hitting a six-day low at $2,605, consolidating around $2,625. Market attention is focused on the November Fed meeting minutes, which could provide decisive signals regarding a possible rate cut in December, currently estimated at a 61% probability according to the CME FedWatch Tool. If the intraday support at $2,605 fails, prices could target $2,550. Conversely, a daily close above $2,670 would be necessary to reignite bullish momentum, with targets at $2,700 and $2,750. The fundamental context remains complex: Donald Trump's statements on new tariffs have reignited demand for safe-haven assets, including gold and the US dollar, while rebounding bond yields cap enthusiasm for the precious metal. Decreasing geopolitical tensions between Israel and Lebanon represent an additional headwind for gold, as they reduce the need for global risk hedging. Additionally, Trump's appointment of Scott Bessent as Treasury Secretary has reassured bond markets, strengthening the dollar and limiting gold's gains. Overall, gold prices are balanced between contrasting fundamental and technical forces, as traders await the Fed minutes for clearer direction.
The ceasefire between Israel and Hezbollah is the main pressureOn the Asian market on Tuesday (November 26), OANDA:XAUUSD Spot trading is still under pressure after yesterday's terrible plunge. Gold price is currently around 2,629 USD/ounce.
Hopes for a ceasefire between Israel and Hezbollah are turning the gold price outlook bearish, with gold prices set to test $2,600 an ounce.
On Monday, gold prices fell more than 3% on reports that Israel and Hezbollah were close to reaching a ceasefire agreement and that Trump nominated Bessant as US Treasury Secretary, reducing its appeal as a haven. Safe for gold.
Two senior Israeli officials and two US officials told Axios that Israel and Lebanon are close to reaching a ceasefire agreement to end the conflict between Israel and Hezbollah, US-based Axios reported on Monday.
According to the Israeli ambassador to the US, a ceasefire agreement between Israel and Hezbollah is very close. Authorities are expected to announce a 60-day ceasefire today (Tuesday).
Previously, gold prices increased more than 6% last week, due to escalating Russia-Ukraine tensions.
Britain's Reuters also reported today that US President Joe Biden and French President Emmanuel Macron are expected to soon announce a ceasefire between Hezbollah and Israel.
According to Reuters, the French presidential palace announced that discussions on a ceasefire had made significant progress.
In Jerusalem, a senior Israeli official said the Israeli cabinet would meet today (Tuesday) local time to approve a ceasefire agreement with Hezbollah.
Analysis of technical prospects for OANDA:XAUUSD
After yesterday's terrible price drop, gold is trying to recover from its original price point of 2,600 USD.
However, the recovery also encountered a lower limit from the 0.618% Fibonacci retracement level, followed by horizontal resistance at 2,644USD.
Technically, gold has conditions for a downtrend, with the price channel as the main trend, pressure from EMA21 along with the RSI pointing down, bringing activity below the 50 level.
In the short term, if gold fails to hold above $2,600, a new bearish cycle could be opened with a target level of around $2,538 once $2,600 is broken below. However, currently gold still has the ability to recover with a resistance target of around 2,634 USD in the short term, more than 2,644 USD.
During the day, the technical outlook leans to the downside with the following recovery levels.
Support: 2,606 – 2,600USD
Resistance: 2,634 – 2,644USD
SELL XAUUSD PRICE 2661 - 2659⚡️
↠↠ Stoploss 2665
→Take Profit 1 2654
↨
→Take Profit 2 2649
BUY XAUUSD PRICE 2579 - 2581⚡️
↠↠ Stoploss 2575
→Take Profit 1 2586
↨
→Take Profit 2 2591
SPX500USD Is Bearish! Short!
Here is our detailed technical review for SPX500USD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 5,994.0.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,864.5 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GOLD Is Very Bullish! Buy!
Take a look at our analysis for GOLD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2,625.735.
The above observations make me that the market will inevitably achieve 2,672.574 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPAUD Will Fall! Short!
Here is our detailed technical review for GBPAUD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.934.
Considering the today's price action, probabilities will be high to see a movement to 1.928.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Gold: Shocking drop of nearly 100 USD/ounceThe world gold price today is listed on Kitco at $2,625/ounce, down $90/ounce compared to early this morning.
Gold prices fell sharply as investors took profits after a five-session rally to a three-week high last week.
Gold was also negatively affected after Donald Trump chose billionaire investor Scott Bessent as the US Treasury Secretary in the new administration. According to analysts, Scott Bessent will not be tough in the trade confrontation with China, causing political risks to cool down, which will be detrimental to gold prices.
Bitcoin faces downward pressure, can it bounce back?In the recent trading session, Bitcoin (BTC/USDT) is showing signs of strong selling pressure as the price fluctuates around $94,300. The technical chart on the 1-hour chart shows that the price is currently testing important support and resistance zones.
Bullish scenario:
If Bitcoin can break above the trigger zone at $95,200, it will signal a recovery, with a target towards the resistance zone from $98,500. This will require support from positive market sentiment and money flowing back into the crypto market.
Bearish scenario:
On the contrary, if Bitcoin breaks the strong support zone at $92,557, the downtrend may continue with a target of a deeper drop to the $88,700 zone. This will be an important price level to assess the selling momentum in the market.
PBI ready for a huge breakout to 12 and 16+This chart reflects a pivotal moment for PBI . A breakout above the $8.79 resistance and the downward trendline would be a strong bullish signal , with the potential to rally toward $9.92 and 12.11 and $16.06 in the mid-term. However, failure to break this level could result in consolidation or a retest of lower support zones. Monitoring volume and momentum indicators will be critical to confirm the breakout. W patterns are typically confirmed with a surge in volume as price breaks above the neckline. The W pattern sits within a falling wedge, meaning a breakout of the wedge would likely align with the W pattern's neckline breakout. This strengthens the bullish case.
There appears to be a "W pattern" (Double Bottom) forming within the larger falling wedge.
Characteristics of the W Pattern:
Two Distinct Bottoms:
The chart shows two prominent lows, one earlier and another more recent, which form the "legs" of the W. This indicates the price found strong support at similar levels.
Middle Resistance Level:
The middle peak between the two bottoms is near $8.79. A breakout above this level would confirm the W pattern, signaling bullish momentum.
Neckline Confirmation:
The neckline of this W pattern coincides with the $8.79 resistance level. If price breaks above this zone with volume, the pattern would complete, leading to an upward price move.
Target:
Target=Neckline+(Neckline−LowestBottom)
In this case:
Neckline = $8.79
Lowest Bottom = $5.47
Projected Target = $8.79 + ($8.79 - $5.47) ≈ $12.11.
ETHUSDT: Just One Step Away To $3800...Currently, I see the ETH/USDT pair showing clear bullish signals with the formation of the Cup and Handle pattern. The reason for this uptrend is after the price was rejected around the $3,280 support area and quickly rebounded approximately 0.5% on the day. This pattern – being one of the classic formations in technical analysis – often indicates a strong growth phase when the price breaks through a critical resistance zone.
For me, the $3,400 resistance zone is the key point (trigger) to activate the bullish trend. If the price can break and close above this zone, I believe ETH will quickly enter a strong breakout phase.
The target I am expecting after the trigger is activated is the $3,800 level – this is the price level that completes the Cup and Handle pattern, promising significant profits in the next bullish trend.
Bitcoin: Should I Buy or Sell?Currently, the BTC/USDT pair is showing clear bearish signals after being rejected at the $98,000 resistance zone and forming a lower high. The RSI is also weakening, signaling price divergence, in the short term, we expect selling pressure to increase.
Short-term downside targets are identified at TP1: $95,729 and TP2: $93,246.
GOLD--> Local trend changing? Will it rise to new ATH?OANDA:XAUUSD after a false breakout at 2700, the price has returned to a correction phase, aiming to consolidate its potential for continuing the trend. In the current situation, the fundamental backdrop is shifting in favor of the metal, which active buyers are pursuing...
Gold has not reacted significantly to the previous rally of the dollar, despite hawkish signals from the Fed.
The reason for the metal's rise lies in the escalation of tensions following the UK and US allowing Ukraine to use weapons to strike deep into Russian territory. Russia responded with stronger attacks afterward. Fundamentally, these actions make gold a safe haven choice for protecting assets.
This week, due to the Thanksgiving holidays in the US, trading volumes are expected to fluctuate sharply at the beginning of the week.
Technically, it is predicted that the precious metal could update its ATH this year. However, short-term levels ahead need to be monitored closely. Specifically:
Support levels: 2685, 2675, 2650
Resistance levels: 2711, 2733, 2750
Nonetheless, the upcoming resistance levels must be observed, as they are likely to trigger the next move for the metal. The adjustment toward the nearest liquidity zones is expected, but we are not talking about a reversal. The correction could end quickly, and the price is likely to return to an upward phase. The medium-term target is 2731-2750.
EUR-JPY Local Short! Sell!
Hello,Traders!
EUR-JPY went a bit but
A strong horizontal
Supply level of 162.500 will
Soon stand on its way up
And after the pair hits
The level we will be
Expecting a pullback
And a move down
Sell!
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Super Micro Computer (SMCI): Could this be 2024’s comeback?Could we be witnessing one of the most remarkable comebacks of the year?
NASDAQ:SMCI surged an incredible 123% in just eight trading days, turning our position back into profit—a scenario that seemed unlikely not long ago. This highlights how patience in trading often pays off. The key reclaim of the Point of Control (POC) at $26.59 is a pivotal development. It’s crucial that NASDAQ:SMCI remains above this level as the week ends, which could also mark a significant monthly close.
On the technical side, NASDAQ:SMCI was oversold on the 3D timeframe for the first time since March 2020, which may partly explain the rapid recovery and increased buying pressure.
Fundamentally, last week marked the stock’s best five-day stretch on record following the appointment of BDO as its new independent auditor. This move, combined with a submitted compliance plan to Nasdaq, aims to address the delayed filing of its annual 10-K and quarterly 10-Q forms—previously threatening delisting.
If NASDAQ:SMCI successfully files these reports, investor confidence could soar, potentially driving the stock much higher. However, failure to meet these requirements could result in a sharp sell-off. While we could have added at the bottom, patience remains critical as the situation evolves. ✅
Trader Health: Preventing Common IssuesThe life of a trader, while exhilarating and financially rewarding, can also be fraught with unique health challenges that often go unrecognized until it’s too late. Unlike traditional jobs that offer the flexibility of sick leave and ensure a steady income during times of illness, traders operate within a high-stakes environment that demands their constant attention and decision-making. This reality places the responsibility of health maintenance squarely on the shoulders of the individual. In this post, we will explore some of the most prevalent health issues faced by traders and offer practical steps for prevention and management.
THE VITAL IMPORTANCE OF HEALTH FOR TRADERS
📍 Eye Strain and Visual Fatigue
One of the most frequent complaints among traders is eye strain, resulting from prolonged hours spent gazing at computer screens. The desire to capitalize on market opportunities often leads to extended periods of focus, which can take a toll on one's vision. To combat this common issue, traders are encouraged to:
🔹 Take Regular Breaks: Step away from the computer every two hours for at least 15 minutes to give your eyes a rest.
🔹 Utilize Diverse Strategies: Employ trading strategies that require varying levels of focus, such as alternating between short- and long-term trades. Utilizing indicators that visualize data with color-coded areas can also help reduce mental fatigue.
🔹 Practice Eye Exercises: Remember to blink frequently and shift your gaze to distant objects to alleviate strain.
🔹 Seek Medical Advice: At the first sign of visual discomfort, it’s wise to consult a healthcare professional and consider taking a break from trading.
📍 Musculoskeletal Disorders
Another significant health concern for traders is the risk of musculoskeletal disorders, including back pain and arthritis, often resulting from poor posture and extended sedentary behavior. To mitigate these risks, consider the following recommendations:
🔸 Maintain Proper Posture: Sit upright with a supportive chair and keep your screen at eye level to reduce neck strain.
🔸 Strengthen Core Muscles: Engage in regular exercises to strengthen back muscles and improve overall posture.
🔸 Change Positions Frequently: Avoid staying in one position for too long; adjust your seating arrangement or take short walks to foster movement.
📍 Psychological Well-being
Traders are also susceptible to psychological challenges, including anxiety, sleep disturbances, and addictive behaviors. The pressure to perform can create a vicious cycle of overwork and emotional strain. Address this by:
⚫️ Recognizing Signs of Stress: Be aware of the symptoms of burnout and take proactive steps to manage your workload and emotional well-being.
⚫️ Diversifying Activities: Engage in hobbies unrelated to trading to provide mental relief and prevent burnout.
⚫️ Building a Support Network: Establish connections with fellow traders or mentors to share experiences and cultivate a positive outlook on trading.
📍 Combating Harmful Habit
In an effort to cope with the stresses of trading, some may turn to alcohol or excessive caffeine. While these substances may offer temporary relief, they can lead to detrimental health effects. Instead, opt for healthier leisure activities that promote relaxation and physical health, such as:
▶️ Physical Exercise: Incorporate regular physical activity into your routine, whether through swimming, cycling, or even visiting a shooting range.
▶️ Mindfulness and Relaxation Techniques: Engage in practices such as yoga or meditation to enhance mental clarity and resilience.
📍 The Importance of Physical Activity
Prolonged periods of inactivity can lead to various health problems, including cardiovascular issues, obesity, and muscle atrophy. To counteract these effects, traders should aim to:
🔔 Break Up Sitting Time: Set a timer to remind yourself to stand and stretch or walk around every hour.
🔔 Engage in Regular Exercise: Incorporate both cardiovascular and strength-training workouts into your weekly schedule to maintain overall health.
📍 Conclusion
In the dynamic world of trading, safeguarding your health is paramount for sustained success and well-being. The rigors of this profession present unique physical and psychological challenges that, if left unaddressed, can lead to serious health implications. Ultimately, recognizing the signs of stress and prioritizing self-care is essential for achieving a balanced and productive trading career. As we navigate the complexities of the financial markets, let us also commit to prioritizing our health. The journey of a trader should not only be measured in financial gains but also in the quality of life lived.
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