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XAU/USD 12 December 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. Bias/analysis remains the same as analysis dated 25 November 2024. Awaiting candle closure to confirm bullish iBOS Price Action Analysis: As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed. Currently, price is trading within an established internal range. Intraday Expectation: Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. H4 Chart: M15 Analysis: -> Swing: Bearish. -> Internal: Bearish. Price Action Analysis: As highlighted in yesterday's analysis dated 11 December 2024, price was expected to print a bullish iBOS to narrow the internal range, and this is precisely how price printed. Following bullish iBOS, price printed a bearish iBOS. We are now trading within an established internal range. While price has not yet printed a bearish CHoCH, it has traded up to the premium of the 50% internal EQ. Intraday Expectation: Price is currently trading within the premium of internal 50% EQ. Technically, price is expected to target the weak internal low at 2,700.810. Alternative Scenario: Price may potentially seek further liquidity to complete a bullish iBOS on the H4, therefore, bearish momentum may face limitations. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
BTCUSDT Market Analysis| Bullish TrendHi there, BTC has been making surprising moves lately, seeming to head in one direction when it's not. We'll give it a last look. We have a complete ABC-D pattern. (E) is always shorter than (D), but (F) is the longest wave. (F) to (G) is the longest and most unpredictable wave, which is where we are now. Inside the box, the range between 98,239.23 and 103,938.19 is an ideal buy area for (G). (C) to 81,325.79 is highly unstable but attractive for bears. That makes an ideal stop loss (SL) to be anywhere far away from 81,325.79. The price can spike due to weekly candlestick positioning, so it's a high-risk setup. * Overall, the directional bias and trend are bullish. Happy season and best wishes. Khiwe.
Long
by Khiwe
Technical Analysis of Gold Spot (XAU/USD) - 1H ChartThe chart reflects a bullish continuation with the price currently trading near $2,713, having broken above key levels of resistance. The market appears to be consolidating above $2,706 (NY Midnight Open), signaling a potential continuation or a pullback before the next move. Below is a detailed analysis of bullish and bearish scenarios with probable entry and exit points. Key Observations Trend Overview: Price is in a strong uptrend, with higher highs and higher lows observed on the chart. The breakout above $2,706 confirms bullish momentum, with the next major resistance at $2,758. Support Levels: $2,706–$2,708: Immediate support zone, aligned with the NY Midnight Open level. $2,680–$2,685: Secondary support zone, marking the prior breakout area. $2,661–$2,663: Key demand zone where strong buying activity occurred earlier. Resistance Levels: $2,713–$2,718: Immediate resistance zone currently being tested. $2,740–$2,745: Major resistance zone and breakout target for continued bullish momentum. $2,758–$2,760: Extended resistance zone, marking the final bullish target. Volume Analysis: Buy Volume (3.499M) vs. Sell Volume (878.6K): Indicates strong buying pressure driving the current uptrend. Delta Volume (119.72%): Suggests buyers remain in control despite some profit-taking at higher levels. Bullish Scenario Conditions for a Bullish Move: Price must sustain above the $2,706–$2,708 support zone and break through $2,718 with strong volume. Continued buying pressure would likely push the price toward higher resistance levels. Entry Points: Aggressive Entry: Buy near the $2,706–$2,708 support zone, with a stop-loss below $2,700. Conservative Entry: Enter after a confirmed breakout and retest above $2,718, with a stop-loss below $2,710. Exit Points (Take Profit): First Target: $2,740 (key resistance zone). Second Target: $2,758 (extended bullish target). Final Target: $2,760 (major resistance zone). Invalidation: A breakdown below $2,700 would invalidate the bullish scenario. Bearish Scenario Conditions for a Bearish Move: Price fails to break above $2,718, indicating rejection at resistance. A confirmed breakdown below $2,706 would signal bearish momentum. Entry Points: Aggressive Entry: Short near $2,713, with a stop-loss above $2,720. Conservative Entry: Enter short after a confirmed breakdown below $2,706, with a stop-loss above $2,712. Exit Points (Take Profit): First Target: $2,685–$2,680 (secondary support zone). Second Target: $2,663 (key demand zone). Final Target: $2,661–$2,660 (extended bearish target). Invalidation: A breakout above $2,720 would invalidate the bearish scenario. Key Indicators to Monitor Volume Dynamics: Increasing buy volume above $2,713 will confirm bullish continuation. Rising sell volume near $2,718 could indicate rejection and a potential pullback. Breakout or Breakdown Confirmation: A breakout above $2,718 signals further bullish continuation toward $2,740 or higher. A breakdown below $2,706 would signal bearish momentum and potential correction. Candle Structure: Sustained bullish candles with minimal upper wicks signal continuation. Reversal candles with long upper wicks near resistance indicate selling pressure. Summary of Probable Entry & Exit Points Scenario Entry Zone Stop-Loss Target Levels Bullish $2,706–$2,708 (Aggressive) or above $2,718 (Conservative) $2,700 $2,740, $2,758, $2,760 Bearish $2,713 (Aggressive) or below $2,706 (Conservative) $2,720 $2,685, $2,663, $2,660 Conclusion Bullish Outlook: Sustained buying above $2,718 could push the price toward $2,740–$2,760. Bearish Outlook: Rejection at $2,718 or a breakdown below $2,706 could trigger a pullback toward $2,685–$2,660. Traders should monitor price action and volume near $2,718 resistance and $2,706 support for confirmation of the next move. Tight stop-losses are essential to manage risk in this breakout/pullback scenario.
FX:XAUUSDLong
by ProspireWealth
NQ Power Range Report with FIB Ext - 12/12/2024 SessionCME_MINI:NQZ2024 - PR High: 21767.00 - PR Low: 21747.75 - NZ Spread: 43.25 Key scheduled economic events: 08:30 | Initial Jobless Claims - PPI Continuing to march into new ATHs - Holding auction inside previous session highs - QQQ failed to close 520 daily gap before rolling into new highs Session Open Stats (As of 12:15 AM 12/12) - Weekend Gap: N/A - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 269.06 - Volume: 16K - Open Int: 286K - Trend Grade: Bull - From BA ATH: -0.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22096 - Mid: 20954 - Short: 19814 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024
by mv3trader5
BINANCE COIN (BNBUSD): Bullish Movement Confirmed?! With a recent bearish movement, BNBUSD corrected to a recently broken key structure. I spotted 2 strong bullish confirmations after its test: the price violated a neckline of a double bottom pattern and a resistance line of a falling wedge pattern. Both breakouts indicate a highly probable resumption of a bullish trend. With a high probability, the market will continue growing and reach 756 level soon. ❤️Please, support my work with like, thank you!❤️
BINANCE:BNBUSDLong
by VasilyTrader
1
BB Looks bullish (8H)It seems that BB has completed a wave B. This wave B appears to be a FLAT with a terminal C, which has now finished. As long as the green range is maintained, it could move towards the TPs. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
2
BTC 1h updateIt looks like the market's been moving sideways on the 1-hour chart. Yesterday, December 10, 2024, the price slowly climbed to the resistance level at 98,341 and then took a sharp dive. We were hoping for a more obvious fake-out at that resistance, but instead, the price just touched the level and dropped. After that steep fall, buyers pushed the price back up, but with less volume than during the drop. Given that the daily and weekly charts show resistance around 100,000, I'm expecting a clearer fake-out at the 1-hour resistance level, followed by a drop to the 1-hour support. Since the daily chart also shows a sideways movement, it's not too far-fetched to think the price might hit the daily support around 90,800. Let's wait and see how things play out.
Short
by MrXade