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Supply and Demand

Technical Analysis of Gold Spot (XAU/USD) - 1H ChartThe chart reflects a bullish rally, with price now testing resistance at $2,693 after breaking out of consolidation near $2,675. The key levels and volume dynamics suggest potential continuation or a pullback before the next significant move. Below is a detailed analysis of the bullish and bearish scenarios. Key Observations Trend Overview: The price is in an uptrend, breaking out of prior consolidation and establishing higher highs and higher lows. The NY Midnight Open at $2,698 is acting as a short-term resistance pivot. Support Levels: $2,675–$2,677: Immediate support zone, aligned with the breakout level. $2,662–$2,665: Secondary support level, also the prior consolidation range. $2,624–$2,626: Major demand zone, where strong buy-side activity occurred. Resistance Levels: $2,693–$2,698: Immediate resistance zone, currently being tested. $2,713–$2,720: Key resistance level and breakout target for bullish continuation. $2,740–$2,760: Extended resistance zone, marking an ultimate bullish target. Volume Analysis: Buy Volume (3.061M) vs. Sell Volume (508.77K): Indicates strong buying activity driving the rally. Delta Volume (143%): Suggests dominance of buyers, with sell-side absorption near resistance. Bullish Scenario Conditions for a Bullish Move: Price must break above the $2,693–$2,698 resistance zone with strong volume. Sustained buying pressure above $2,698 will confirm bullish continuation. Entry Points: Aggressive Entry: Buy near the $2,675–$2,677 support zone, with a stop-loss below $2,670. Conservative Entry: Enter on a confirmed breakout and retest above $2,698, with a stop-loss below $2,690. Exit Points (Take Profit): First Target: $2,713 (key resistance zone). Second Target: $2,740 (extended bullish target). Final Target: $2,760 (major resistance zone). Invalidation: A breakdown below $2,670 would invalidate the bullish scenario. Bearish Scenario Conditions for a Bearish Move: Price fails to break above $2,698, indicating rejection at the resistance. A confirmed breakdown below $2,675 would signal bearish momentum. Entry Points: Aggressive Entry: Short near $2,693, with a stop-loss above $2,700. Conservative Entry: Enter short after a confirmed breakdown below $2,675, with a stop-loss above $2,685. Exit Points (Take Profit): First Target: $2,662–$2,665 (secondary support zone). Second Target: $2,624 (major demand zone). Final Target: $2,595 (extended bearish target). Invalidation: A breakout above $2,700 would invalidate the bearish scenario. Key Indicators to Monitor Volume Behavior: Increasing buy volume above $2,693 confirms bullish strength. Rising sell volume near $2,698 signals potential rejection. Breakout/Breakdown Confirmation: A breakout above $2,698 signals bullish continuation. A breakdown below $2,675 signals bearish reversal. Heikin Ashi Candles: Sustained green candles with larger bodies confirm bullish momentum. Red candles with long upper wicks near resistance indicate selling pressure. Summary of Probable Entry & Exit Points Scenario Entry Zone Stop-Loss Target Levels Bullish $2,675–$2,677 (Aggressive) or above $2,698 (Conservative) $2,670 $2,713, $2,740, $2,760 Bearish $2,693 (Aggressive) or below $2,675 (Conservative) $2,700 $2,665, $2,624, $2,595 Conclusion Bullish Outlook: A breakout above $2,698 could lead to a rally toward $2,713 or higher. Bearish Outlook: Rejection at $2,698 or a breakdown below $2,675 could trigger a decline toward $2,665–$2,595. Traders should closely monitor price action at the $2,698 resistance and $2,675 support levels for confirmation of the next move. Managing risk with tight stop-losses is essential in the current breakout/rejection scenario.
FX:XAUUSDLong
by ProspireWealth
NQ Power Range Report with FIB Ext - 12/11/2024 SessionCME_MINI:NQZ2024 - PR High: 21442.00 - PR Low: 21417.25 - NZ Spread: 55.25 Key scheduled economic events: 08:30 | CPI (Core|MoM|YoY) 10:30 | Crude Oil Inventories 13:00 | 10-Year Note Auction Break below 21430 support into inventory response off previous ATH breakout - Daily print advertising rollover back to Keltner avg cloud - Failed QQQ ATH breakout gap fill below 520 Session Open Stats (As of 12:45 AM 12/11) - Weekend Gap: N/A - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 260.71 - Volume: 16K - Open Int: 279K - Trend Grade: Bull - From BA ATH: -1.1% (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
Ready to go very very very soonThe stock appears to be in a pullback phase. I anticipate it will find support around the previous monthly highs, keeping prices contained between that level and the anchored VWAP (Volume-Weighted Average Price) from the recent swing high. Once the price advances back up toward this anchored VWAP and experiences a slight pullback, the key will be to break through it. If the stock establishes a pattern of higher highs and higher lows on the 30-minute chart, it would strengthen the bullish outlook.
NYSE:VRTLong
by AnotherBrian
FORECAST UPDATES: How Are We Doing? Were We Accurate?Tuesday Dec. 10, 2024. Here are the updates to the Weekly Forex Forecast posted Saturday. We'll see if the forecasts were right on point and working out... or if we were just plain wrong. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:HG1!
by RT_Money
"GBP/USD: Expert Buy/Sell Strategies"FX:GBPUSD Chart Analysis: GBP/USD 1-Hour Timeframe Current Market Structure Price Level: The price is currently trading around 1.27749. Resistance Zone: Around 1.27800 (marked as RB). Support Zone: Around 1.27435 (marked as BB). Market Volatility: Multiple Break of Structure (BOS) and Change of Character (CHoCH) points indicate a volatile market with frequent shifts in sentiment. Buy Strategy Confirmation: Wait for the price to break above the resistance band (RB) at 1.27800 with a strong bullish candle. Entry: Enter a buy position once the price closes above 1.27800. Stop Loss: Place a stop loss below the recent swing low or below the support band (BB) at 1.27435. Take Profit: Target the next significant resistance level or use Fibonacci extensions for potential targets. Sell Strategy Confirmation: Wait for the price to break below the support band (BB) at 1.27435 with a strong bearish candle. Entry: Enter a sell position once the price closes below 1.27435. Stop Loss: Place a stop loss above the recent swing high or above the resistance band (RB) at 1.27800. Take Profit: Target the next significant support level or use Fibonacci retracement levels for potential targets. Additional Confirmations RSI: Look for RSI to be above 70 (overbought) for sell signals and below 30 (oversold) for buy signals. MACD: Look for MACD line crossing above the signal line for buy signals and below the signal line for sell signals. Volume: Ensure there is significant volume supporting the breakout or breakdown to confirm the move. This should provide you with a structured approach to trading the GBP/USD pair based on the current chart setup and technical indicators. If you have more specific questions or need further clarification, feel free to ask! FX:GBPUSD
by Alexgoldhunter
Gold Spot Analysis: Key Entries & ExitsFXOPEN:XAUUSD Gold Spot Analysis: Key Entries & Exits Key Observations: Current Price: 2,694.57 USD Significant Levels: Order Block (OB): Around 2,642.27 USD Resistance: Around 2,694.57 USD (Equal Highs) Support: Around 2,642.27 USD Technical Indicators: Volume Profile: High trading activity around 2,642.27 USD Relative Strength Index (RSI): Currently at 73.58, indicating overbought conditions MACD (Moving Average Convergence Divergence): Bullish momentum with the MACD line above the signal line Fibonacci Retracement Levels: 0.382: 2,682.41504 USD 0.5: 2,678.37 USD 0.618: 2,674.3246 USD 0.786: 2,671.34246 USD Buy Strategy: Entry Point: Consider entering a buy position if the price retraces to the support level around 2,642.27 USD or the lower Fibonacci levels (0.618 or 0.786). Confirmation: Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) and a bounce from the support level. Ensure the RSI is not in the overbought zone and the MACD shows a bullish crossover. Target: Set the target around the resistance level at 2,694.57 USD or higher Fibonacci levels. Stop Loss: Place a stop loss below the support level or the recent swing low. Sell Strategy: Entry Point: Consider entering a sell position if the price reaches the resistance level around 2,694.57 USD and shows signs of reversal. Confirmation: Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) and a rejection from the resistance level. Ensure the RSI is in the overbought zone and the MACD shows a bearish crossover. Target: Set the target around the support level at 2,642.27 USD or lower Fibonacci levels. Stop Loss: Place a stop loss above the resistance level or the recent swing high. By following these strategies and confirmations, you can make informed decisions based on the observed chart patterns and technical indicators. Happy trading!
TVC:GOLD
by Alexgoldhunter
TONUSDT | Good Area to FollowI think blue box will support the price. I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below. I approach trading with confidence backed by experience and past success in identifying high-probability setups. While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together. My Previous Ideas DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it. RENDERUSDT.P | HTF Accuracy ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Long
by XU99
DOGE/USDT – Positive Signs, But Caution RequiredCRYPTOCAP:DOGE has shown resilience during the recent market decline, holding steady despite the broader downtrend. This is a positive sign of underlying strength. However, we’ve touched the support band multiple times, which raises the possibility of a liquidity grab below this level before a potential continuation upward. Traders should remain cautious and look for confirmation of a move back above the support after any potential liquidity sweep. Key Observations: Support Band: Repeated tests may indicate weakening; watch for a potential break and recovery. Liquidity Grab: A dip below support could act as a springboard for the next move higher. Confirmation Needed: Wait for price action to reclaim the support level before entering. Patience is key here. A liquidity grab could provide an excellent opportunity for long positions if recovery signals are strong. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan
Long
by XU99
1
UPDATE ON USD/CHF TRADEUSD/CHF 1H - Hey everyone just back with an update on the trade I sent out last week, I wanted to fill you in with how its performing up to now and how you could look to manage it should you still be in. As you can see price has played out perfectly up to now, continuing to provide us with bullish structure. Price has not even taking us into a drawdown and has shown no signs of reversing to the downside. This trade is currently running + 83 pips. (+ 6%) 6RR For those of you who are still in on this trade, well done. I would look to take a partial if you have not done already this is to bank profits from the running trade. Also look to apply safety measures. As always its important we manage the running trades we are in to maximise profits and minimise losses, trades like this only need to be found once a week to generate brilliant returns in a month. Any questions drop me a message or comment below.
Long
by Lukegforex
#BTC - Ready to pivot and head to 108k In my latest post I mentioned that we might visit 93-95k. Sadly for alt coins that resulted in a massive bloodbath, but fear not, it is a healthy pullback meant to clear leverage, that will fuel the next move on #BTC What's next for BINANCE:BTCUSDT ? 1. After the reaction swing high to 102k price now retraced into the 0.618 zone 2. It also fits perfectly on the fib time zone, and as we've seen in the past, it signalled almost perfectly the reversal in the trend 3. Given the massive sell-off from alts, I believe now it has enough strength to move to the extension zone which is around 108k 4. Based on the impulse we should know if it's just a manipulation or it will continue to go higher Personally I think we should see another sweep from 108k to 90-95k, and only afterwards we can continue higher to 120k What are your thoughts?
Long
by tamastery
5
Gold Wave Analysis 10 December 2024 - Gold broke daily Triangle - Likely to rise to resistance level 2750.00 Gold recently broke the resistance trendline of the daily Triangle, inside which it has been moving from the middle of October, as can be seen from the daily Gold chart below. The breakout of this Triangle accelerated the active short-term impulse wave 3 – which belongs to the intermediate impulse wave (3) of the primary impulse wave 3 from last month. Given the strong multi-month uptrend, Gold can be expected to rise to the next resistance level 2750.00, top of the previous impulse wave (1) from November and the forecast price for the completion of the active impulse wave 3.
FX_IDC:XAUUSDLong
by FxProGlobal
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
ICMARKETS:XAUUSDLong
by ForexMasters2000