GOLD: Local Correction Ahead! Sell!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,661.167$
Wish you good luck in trading to you all!
Signals
DXY: Strong Bullish Bias! Buy!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 104.767
Wish you good luck in trading to you all!
US30 Is Bearish! Sell!
Take a look at our analysis for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 43,838.04.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 42,226.86 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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BITCOIN Is Very Bearish! Short!
Please, check our technical outlook for BITCOIN.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 74,723.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 64,959 level.
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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EURGBP Will Grow! Buy!
Take a look at our analysis for EURGBP.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.833.
The above observations make me that the market will inevitably achieve 0.838 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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NZDCAD Buy opportunity at the bottom of the 1-year Channel Up.The NZDCAD pair hit our 0.85650 Target as discussed on our last idea (August 22, see chart below) and then got immediately rejected:
The rejection initiated the Bearish Leg of the 1-year Channel Up and the price is approaching once more the bottom (Higher Lows trend-line) of the pattern. The previous 2 Higher Lows were priced on the 0.236 Fibonacci retracement level, which is slightly below, but the 1D MACD is forming a Bullish Cross today, which has been an absolute buy signal this past year.
As a result, we turn bullish on this pair, targeting Resistance 1 at 0.86450.
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AAVEUSD at the top of the Channel Up. Going parabolic if broken.Aave (AAVEUSD) has been trading within a Channel Up pattern since Triple Bottom formation on the Bear Cycle Support Zone. This Channel has technically served as the Accumulation Phase of the Bull Cycle, a prolonged process that ends when such patterns break.
Technically the price is the closest to its top (Higher Highs trend-line) since the week of March 11 2024 and the fact that the 1W MACD has invalidated a Bearish Cross this high with the incredible rise since yesterday, is an early sign that the time to break above the Channel Up has come.
If it does, be ready to buy as the minimum technical Target would be the $670.00 ATH.
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Adaptive Volume Flow Indicator (AVFI)The Adaptive Volume Flow Indicator (AVFI) is an advanced version of the traditional Volume Flow Indicator (VFI) that adapts to market conditions by using dynamic volatility and volume thresholds. It improves volume analysis by reducing false signals in low-volatility environments and adjusting sensitivity during high-volatility periods.
Key features include:
Dynamic volatility cutoff using ATR to adjust sensitivity based on market conditions.
Adaptive volume cap that adjusts to the asset’s average volume, avoiding skewed signals.
Customizable smoothing methods with options for EMA or SMA.
Improved noise filtering, making it more reliable in sideways or low-volume markets.
The AVFI helps identify trend strength, volume-driven price movements, and potential reversals, offering a more accurate and adaptable tool for traders.
SMCI is -85% a buy opportunity while accounting issues continue?Super Micro Computer Inc (SMCI) still haven't found a new Auditing Firm, after it was announced last week that Ernst & Young left them raising governance and management communication issues. Yesterday's Low represents almost a -85% drop from the March $122.50 All Time High (ATH). So is this level a bargain and a buy opportunity for long-term investors?
Well while the company hasn't filed the necessary paperwork to meet the regulatory requirements to remain listed on the stock market and no auditor is hired to confirm and signs their reports, investor confidence will remain low (to say the least). It appears that SMCI has turned into the new short favorite for Hedge Funds and that's never ideal.
Technically though, the stock hit yesterday its 1W MA200 (orange trend-line) for the first time in 4 years (since October 26 2020)! With that contact, the price initiated a strong multi-week rally that made a new High. This is a textbook buy for long-term investors. Of course it is all about risk and money management and since regulatory risks remain, the capital invested best to be less than usual.
Another technical factor supporting a buy on these levels is the 1W RSI, which got oversold (<30.00) for the first time since the weeks of March 16 2020 (almost 31.50) and October 01 2018 (U.S. - China trade wars). Both these times, SMCI kick-started enormous rallies.
The October 01 2018 bottom in particular is the starting date of the Fibonacci Channel Up on this chart, which encompasses SMCI's logarithmic growth these past years. As a result the company has only experienced 3 major long-term buy opportunities with the most recent 4 years ago.
At the same time, yesterday's Low didn't only make contact with Fibonacci 1.0 of the Channel Up (i.e. the initial top until the price turned parabolic and broke-out) but also almost touched the 0.382 horizontal Fib level, starting all the way from October 2018.
It is obvious that purely from a technical perspective such levels are as good as a buy can get. Proper risk management and an exit strategy are needed (in case of delisting) and long-term investors can be patient and take their time to target the $122.50 High again for enormous gains (could take even 1 year).
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Back to 78.6K targetMorning guys,
So, BTC was able to hold ~68K lows, keeping short-term bullish context intact. Now market is overbought, so, in short-term we could get minor drop back to Fib support level - 72.8K and 70.5K, where upside action potentially could be re-established.
The upside target remains the same - daily AB-CD @ 78.6K level.
WTI OIL targeting the 1D MA200 at $76.50WTI Oil (USOIL) managed to close yesterday above its 1D MA50 (blue trend-line) despite breaking below it intraday. Even if we see a pull-back like September 25-26, Oil is more likely to test the 1D MA200 (orange trend-line) as since the August 12 High, the market is practically ranging between the Support and Resistance Zones. Our Target is $76.50.
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Lingrid | EURNZD channel BREAKOUT. Short from the RESISTANCEFX:EURNZD broke and closed below the upward channel. The price consolidated above the psychological level of 1.81000 but failed to continue its upward movement, instead shifting downwards and creating an impulse leg. On the weekly timeframe, the price remains within a consolidation zone and has recently bounced off the top of this zone, moving downward. I anticipate that the market to form a pullback, reject the channel border, and then move downward towards the bottom of the consolidation zone. My goal is support zone around 1.77700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | SHIBUSDT possible Upward SurgeThe price perfectly fulfilled my last idea. It hit target zone. BINANCE:SHIBUSDT recently formed a double bottom, followed by a upward move. It has now created an equal high, suggesting that the market is entering a consolidation phase. However, I believe the market may be gearing up for an upward surge, as the price is currently in an accumulation phase. On the daily timeframe, we observe strong bullish impulse moves accompanied by gradual pullbacks, indicating persistent buying pressure. I anticipate that the market to target liquidity below the previous daily low before retesting the area above the equal high. My goal is resistance zone around 0.00002050
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World gold was sold off and plummetedGold sold off and plunged to its lowest level in 3 weeks after the unexpectedly decisive victory of Republican US presidential candidate Donald Trump.
The Federal Reserve's FOMC meeting appears to be overshadowed but also in the spotlight this week. The meeting began Wednesday morning and ended Thursday afternoon with a statement from the FOMC and a press conference from Fed Chairman Powell. Most people believe the Fed will cut its key interest rate by 0.25%.
“While the market expects a 25 basis point rate cut, any sign of a pause or slowdown in cuts will put further pressure on gold, which is already sensitive to rising interest rates and a stronger dollar",
“With a stronger dollar and rising yields, gold faces immediate downside risks, potentially extending towards the 50-day moving average at $2,636.66 an ounce if the Federal Reserve State signals more caution about future interest rate cuts.”
This puts a lot of pressure on Gold and we can completely believe that gold will fall even deeper
🔥 XAUUSD BUY LIMIT 2649 - 2647🔥
✅TP1: 2660
✅TP2: 2670
✅TP3: OPEN
🚫SL: 2638
🔥 XAUUSD SELL LIMIT 2676 - 2674🔥
✅TP1: 2665
✅TP2: 2655
✅TP3: OPEN
🚫SL: 2685
Gold prices to fall steadily by the end of 2024Gold prices are trending down today, falling below the critical $2,700 level and currently hovering around $2,659.
The main driver behind gold's decline is the surging USD, coupled with investor expectations that tensions in the Middle East and Ukraine may ease. Additionally, previous profit-taking and short-selling activity have further "sunk" this asset.
If this trend continues, gold may test lower support levels around $2,603, after revisiting the 0.786 Fibonacci level and declining in line with the Elliott Wave 5. Investors are advised to seize short-selling opportunities while closely monitoring market movements in the coming period!
ETH Diverges from Bitcoin: Is a 20% Downside Imminent?Currently, many altcoins, including Cardano, XRP, and Ethereum, are showing strong bearish signals . Using a straightforward indicator like the 200-day EMA on the daily timeframe, we can see that most of these coins are trending below this line, highlighting a consistent bearish bias.
Altcoins often follow similar trends, moving together with the overall market sentiment. With this in mind, we're screening for the best potential setup based on technical indicators. Out of all, we’re zeroing in on BINANCE:ETHUSDT which we believe presents the strongest opportunity right now. Let's dive deeper into its technicals.
With ETH/USDT in focus, the technical indicators reveal a clear bearish setup. The price is currently trading below a well-defined bearish trendline and the 200-day EMA, signaling sustained downside pressure. This bearish outlook is further reinforced by a Rising Wedge breakout, while a bearish MACD crossover highlights strengthening momentum in favor of the bears.
Given these aligned signals, there’s a high probability of a continued downward trend. Our first target sits at 2015.82 . From there, we may see a brief pullback into the green zone before ETH/USDT resumes its decline, potentially reaching the second target at 1834.62.
This outlook remains valid as long as the price holds below the stop-loss level at 2773.05
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum.
XAUUSD - The downtrend is not over yet!Today, the world gold price recorded a slight decrease. This precious metal reached about 2,737 USD/ounce and has not fluctuated much since the beginning of the week.
Regarding the influencing factors:
- Gold prices increased slightly due to the demand for safe haven capital, when the whole market is anxiously waiting for the results of the US presidential election.
- However, the gold price increase has slowed down somewhat when US stocks increased very strongly. The Dow Jones index increased by 427 points, Nasdaq increased by 259 points and S&P 500 increased by 70 points. Many people have invested in stocks, causing the cash flow into the gold market to slow down. Gold prices no longer have the momentum to accelerate.
Regarding the new outlook for XAUUSD:
As we can see on the 1-hour chart of XAUUSD, we can see that the current price tends to move sideways around 2,730 - 2,757 USD. Meanwhile, the breakout from the previous bullish trendline is forming strong resistance nearby, suggesting that this could be a key resistance zone for any upside move. If the price breaks below the $2,730 support zone, further downside is likely near $2,700.
Bitcoin Approaches Important Support Zone, Waiting for New BreakBitcoin is currently trading around $69,962 after a slight correction and touching the support zone between $68,102 and $68,976. This price zone has proven to be a strong support zone in the short term. The 4-hour chart shows that the price is in a consolidation and accumulation phase after the previous strong rally, with the 34 EMA and 89 EMA acting as dynamic support levels.
If the price holds the support zone and does not break below, Bitcoin could continue to fluctuate and form a short-term bottom pattern in this area before retesting the resistance level at $70,182. If this level is broken, a further uptrend could emerge with a target towards the $72,718 zone.
However, in a negative scenario, if the price breaks below the current support zone, BTC could face further downward pressure towards lower support levels. Investors need to closely monitor fluctuations and macro news that affect the market.
BTCUSD price analysis: Prospects of intact price increaseBTCUSD is currently trading around 67,957, continuing the recent decline. Despite the pressure on Bitcoin, the long -term prospect is still positive, because it continues to move in the parallel channel.
Looking at the technical indicators, we see that BTC has maintained its position on EMA 34 and EMA 89, signaling the potential for reversing. It is expected that, after checking the lower boundaries of this main canal and the ema, the price increases may continue. This can cause Bitcoin to aim for higher goals, capable of reaching new high levels over 73,000.
What do you think about this view? Do you believe that Bitcoin has enough power to maintain its position in the price increase or is there a stronger risk of decline?
Gold price today: Continuing momentum!Ben hello everyone.
Today, gold price is tending to decrease, after not passing the resistance vertices of 2790-2750, the price has begun to decrease and currently trading at $ 2728. This decline takes place before important events such as the US presidential election and the interest rate of the US Federal Reserve (Fed).
As seen on the 2 -hour chart, it can be seen that gold price is still reacting around EMA 34 and the discount has not been broken, showing that the downtrend has not ended. Due to these factors, according to Ben's personal opinion, it is expected that gold price will continue to decrease in the near future, which is likely to reach about $ 2708 lower than $ 2709.
COIN Coinbase Global Options Ahead of EarningsAnalyzing the options chain and the chart patterns of COIN Coinbase Global prior to the earnings report this week,
I would consider purchasing the 200usd strike price in the money Calls with
an expiration date of 2024-11-15,
for a premium of approximately $21.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.