XAUUSD / TRADING INTO RANGE CONTINUES - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level or supply zone between 2,525$ and 2,531$ .
Downward Condition : With the price holding steady at the current turning level at 2,425$ , it is likely to decline towards the support level of 2,507$. If it stabilizes below this level, it could then reach the next target level of 2,491$ .
Upward Condition : for an upward , a potential is expected if the price breaks the supply zone between 2,525$ and 2,531$ , leading to a rise toward the resistance level (1) at 2,538$ . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 2,555$ .
XAUUSD / buy above 2.525$
SL : 2,523$
TP : 2,531$
TP : 2,538$
XAUUSD / sell below 2,525$
SL : 2,528$
TP : 2,520$
TP : 2,516$
TP : 2,507$
Tradingsignals
Gold price analysis August 30Fundamental Analysis
Upbeat US growth reports and initial jobless claims have pushed back expectations of a deeper Federal Reserve rate cut in September, weighing on non-yielding gold. However, escalating geopolitical tensions in the Middle East and the war between Russia and Ukraine could boost safe-haven demand, benefiting the yellow metal.
Investors will be closely watching US inflation data for further insight into the potential size of the Fed’s rate cut. The core personal consumption expenditure (PCE) price index, the Fed's preferred inflation gauge, is estimated to have risen 2.7% year-on-year in July, up from 2.6% in June. A weaker-than-expected PCE reading could prompt the Fed to start a rate-cutting cycle, acting as a bullish catalyst for XAU/USD.
Technical Analysis
Gold is pushing higher in the European session ahead of an all-time high. If the resistance at 2525 is broken before the US session starts, we will see a new ATH around 2450. In the event that gold is pushed below 2525 and the US enters, it could push gold deeper into the current support at 2503-2494 as a hurdle ahead before heading towards 2485 to end a volatile Friday for gold.
Resistance: 2530 - 2535 - 2543 - 2550 - 2558 - 2568
Support: 2513 - 2505 - 2500 - 2494 - 2485 - 2472
SELL zone 2541 - 2543 stoploss 2547
SELL zone 2548 - 2550 stoploss 2554
BUY zone 2509 - 2507 stoploss 2503
BUY zone 2485- 2483 stoploss 2480
USDJPY trading signalsUSD/JPY stays pressured below 145.00 after hot Tokyo inflation data
USD/JPY remains under pressure below 145.00 in Asian trading on Friday, The Japanese Yen is underpinned by hot Tokyo annual CPI data, which fans hawkish BoJ expectations. The pair's downside, however, is cushioned by the recent US Dollar strength and a better mood. US PCE eyed.
BUY USDJPY now zone 145.000-144.800
Stoploss 144.700
Take Profit 1 145.300
Take Profit 2 146.000
Asian session volatility August 30Gold prices lost momentum amid a stronger US dollar on Friday. Upbeat US growth reports and initial jobless claims pushed back expectations of a deeper interest rate cut by the US Federal Reserve (Fed) in September, weighing on non-yielding bullion. However, escalating geopolitical tensions in the Middle East and the war between Russia and Ukraine could boost safe-haven demand, benefiting the yellow metal.
Gold could be pushed higher as the European session begins. Look for buy zones around 09-07 or 03-01. Further trading strategies will be updated soon.
NVIDIA to $180Overview
It's a good mindset to be skeptical about a bull market that doesn't seem like it should exist. The GDP (Gross Domestic Product) has declined for a second consecutive quarter to a 24 month low and the Civilian Unemployment Rate is the highest it's been since Nov 2021. This leads me to believe that the current rally is being mostly fueled by two factors surrounding artificial intelligence: hype and revenue. NASDAQ:NVDA is the leading A.I. developer and hasn't experienced a decrease in quarterly revenue since November 2022.
When faced with the unknown -- which in this case would be the direction of the stock market -- people cling to what they know. I believe this will present itself in more clearly defined trading patterns and price-swing predictability.
Technicals
NVDA is setting up a pattern that resembles the 5 Elliott Impulse Waves with each wave taking between 3-4 months to develop. If accurate, the trough of the 4th wave could find the share price in the proximity of $100-115.
I utilized Fibonacci levels against the low of the 2nd wave to the high of the 3rd wave. In addition to helping find a support level for the 4th wave, the uptrend Fibonacci tool also provided a projected price target near $180. I compared the 1.618 (161.8%) micro-Fibonacci retracement to the 1.618 macro-Fibonacci retracement, which consumes the entirety of the already existing patterns.
I took the difference of $18.19 between the projected 1.618 Fib levels then created a low and high range where I believe the 5th wave will peak. I ended my projection at this point, however, it is worth noting that impulse waves are followed by correction waves which serve in the opposite trending direction.
RUNE - BIG GAIN (BIG PICTURE)Dear friends,
I will show another coin next to the LINK where I see Elliot wave expressed.. For LINKCHAIN, you have an analysis below this post..
First I would like to show my old projections related to RUNE and the exact take profit and return to DCA on it..
Here is a projection of profit taking.. and an accurately expressed mass jump of the first wave..
Then marked zones for returning to the market.
Now that all that has happened, I have scenario A and B. The first scenario is that the bottom is behind us and that the first purchase is an excellent decision, on the other hand, we also have plan B because there is great resistance at $5.
If the price does not show strength, the last buying target would be 2.2. Below that there is a very large volume and below that the door opens for a big risk (FOR NOW I'M VERY BULLISH)
The first target will be scalar from $30 and on.
This will all happen only if BTC manages to break the ATH
XRPUSDT / TRADING BELOW FVG - 4H XRPUSDT / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 0.58 .
Downward Condition : With the price holding steady at the current turning level at 0.58 , it is likely to decline towards the support level of 0.55. If it stabilizes below this level, it could then reach the next target level of 0.51 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 0.58 , leading to a rise toward the resistance level (1) at 0.60 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 0.63 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 0.60 .
RESISTANCE LEVEL (2) : 0.63 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 0.55 .
SUPPORT LEVEL (2) : 0.51 .
TURNING LEVEL : 0.58 .
USNAS100 / BREAKOUT SUPPLY ZONE !!! - 4HNAS100USD / 4H TIMEFRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 19,559
Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 19,559 turning level , it is likely to move upward toward the resistance levels of 19,779 and then 20,097.
Downward Condition : To reach the 19,210 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 19,559. If it stabilizes below support level (1) , a further decline toward the support level (2) at 18,690 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 19,770 .
RESISTANCE LEVEL (2) : 20,097 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 19,210 .
SUPPORT LEVEL (2) : 18,690 .
TURNING LEVEL : 19,559 .
US500 - SWING SHORT ideaPrice made a false breakout of the previous week high with a strong bearish reaction. Also, the start of the new week will probably be manipulation with distribution lower.
A great sign of weakness is when the new week candle open, makes a false run on one side with a a sweep of liquidity (many traders are trapped), and then distributes on the true side.
Gold Analysis August 29Fundamental Analysis
Gold prices recovered some of their losses on Thursday after bouncing off a weekly low below $2,500. Expectations of a U.S. interest rate cut could boost demand for gold as lower rates reduce the opportunity cost of holding non-yielding bullion. In addition, the current political uncertainty in the U.S., geopolitical tensions in the Middle East and global economic concerns have contributed to the rise in the precious metal.
On the other hand, renewed demand for U.S. dollars could weigh on gold, which is priced in dollars, as it makes gold more expensive for most buyers. Investors will be closely watching Thursday’s second estimate of U.S. second-quarter (Q2) gross domestic product for more information on the size and pace of the Federal Reserve’s rate cuts. On Friday, the US Personal Consumption Expenditures (PCE) Price Index data for July will be in focus.
Technical Analysis
In the Swiss session, gold pushed to the 2416 zone when it failed to break the resistance level of 2521. Considering that the European session can push back above 2551, we can consider retest buy orders and keep the buy order if the 2421 zone is broken. If the European session cannot push above 2421, we can SELL to the 2511 zone and catch BUY again around 11-09 when the session fails to break this zone and keep the order until the end of the US session. In case of a break on 11-09, we wait for support zones to buy scalp such as 2503-2495 and buy strongly when the price reaches 2585.
SELL zone 2527 - 2525 stoploss 2531
SELL zone 2548 - 2550 stoploss 2554
BUY zone 2510 - 2508 stoploss 2504
BUY zone 2485- 2483 stoploss 2480
CADCHF: Bearish Move Confirmed?! 🇨🇦🇨🇭
CADCHF broke and closed below a support line of a quite an extended
horizontal trading range on a 4H.
Taking into consideration that the sentiment was strongly bearish
before the formation of the range, we may assume that selling
volumes were accumulating within.
A breakout may signify a bearish trend continuation here.
Goals - 0.623 / 0.621
❤️Please, support my work with like, thank you!❤️
Gold analysis asian session august 29Gold structure in the Asian session on August 29.
After bouncing from the support zone of 2495 as analyzed yesterday. Gold was strongly pushed back above yesterday's resistance zone of 2511. The 2511 zone unexpectedly became an important support zone of today's session and then the resistance level of 2518 became a trading price range for gold in the Asian session to the European session. With the strong pulling force here, it can be seen that gold is ready to create a new ATH today if gold does not have the pulling force to the 2485 area.
Pay attention to trading in the 2818-2511 zone in the Asian session
GBPJPY trading signals✍️DCA stands for Dollar Cost Averaging - which means averaging the price, simply put, it is when a trader buys an asset many times at different prices.
✍️This is a very popular strategy in finance and cryptocurrencies. The main purpose of the averaging strategy is to effectively minimize investment risks. And increase profits when the market is trending.
🤑🤑In the GBPJPY signal, we had a positive DCA when the price broke out of the DOW zone and the resistance zone at 190.700. The DCA point went in the right direction and brought great profits for the two signals.
USDJPY trading signalsBUY USDJPY now zone 144.500-144.300
↠ Stoploss 144.100
→ Take Profit 1 144.800
→ Take Profit 2 145.500
USD/JPY extends rebound toward 144.50 despite risk-off mood
USD/JPY is extending recovery toward 144.50 in the Asian session on Wednesday, The pair remains on the front foot, as the Japanese Yen shrugs off cautious BoJ commentary and a risk-off mood. The US Dollar rebound aids the pair's renewed upside. Fedspeak eyed.
BNBUSD ( BREAKOUT THE CHANNEL ) ( 4H )BNBUSD
HELLO TRADERS
Tendency , the price is under bullish pressure , after breakout the channel .
Turning Level: The price is currently trading above this level around 512.2 . As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected.
support Level (1) : around 488.2 , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 512.2 . If the price reaches 488.2 , and stabilizes below it, it will likely attempt to reach support level (2) .
support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 468.1 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 431.1 .
Resistance Level (1): As long as the price remains above the turning level of 512.2 , it suggests a rising towards 556.2 . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2).
Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 582.9 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 605.8 .
Channel Trend: the trading rate within the descending channel .
TARGET LEVEL :
RESISTANCE LEVEL : 556.2 , 582.9 , 605.8 .
SUPPORT LEVEL : 488.2 , 468.1 , 431.1 .
US30 ( UNDER BULLISH PRESSURE - 4H US30 / 4H TIME FRAME
HELLO TRADERS
in the last analyses reached our target + 450 pip profit .
Tendency , prices is under upward pressure , until trading above turning level at 2,507$
Upward Condition: With the price holding steady at the current turning level (1) at 41,040 and retest with stabilizing above turning level (2) at 40,680 , it is likely to rise towards the resistance level (1) of 41,401. If it stabilizes above this level, it could then reach the next target level of 41,864.
Downward Condition : To reach the 40,239 support level (1) , the price needs to first break the turning level (2) by closing a 4-hour candle below 40,680 . If it stabilizes below support level (1) , a further decline toward the support level (2) at 39,812 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 41,401 .
RESISTANCE LEVEL (2) : 41,864 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 40,239 .
SUPPORT LEVEL (2) : 39,812 .
TURNING LEVEL : 41,040 , 40,680 .
EURUSD / TRADING BELOW TURNING LEVEL - 4H XRPUSDT / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 1.112 .
Downward Condition : With the price holding steady at the current turning level at 1.112 , it is likely to decline towards the support level of 1.108 . If it stabilizes below this level, it could then reach the next target level of 1.103 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.112 , leading to a rise toward the resistance level (1) at 1.118 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.124 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.118 .
RESISTANCE LEVEL (2) : 1.124 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.108 .
SUPPORT LEVEL (2) : 1.103 .
TURNING LEVEL : 1.112 .
DOGECOIN / CONTINUES RANGE MOVEMENT - 4H DOGECOIN / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 0.09 .
Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 0.09 turning level , it is likely to move upward toward the resistance levels of 0.10 and then 0.11 .
Downward Condition : To reach the 0.08 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 0.09. If it stabilizes below support level (1) , a further decline toward the support level (2) at 0.07 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 0.11 .
RESISTANCE LEVEL (2) : 0.10 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 0.08 .
SUPPORT LEVEL (2) : 0.07 .
TURNING LEVEL : 0.09 .
NOTUSDT / INSIDE SENSITIVE AREA - 4HNOTUSDT / 4H TIMEFRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level (2) at 0.008
Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 0.009 turning level , it is likely to move upward toward the resistance levels of 0.011 and then 0.013.
Downward Condition : To reach the 0.007 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 0.008. If it stabilizes below support level (1) , a further decline toward the support level (2) at 0.006 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 0.011.
RESISTANCE LEVEL (2) : 0.013 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 0.007 .
SUPPORT LEVEL (2) : 0.006 .
TURNING LEVEL (1) : 0.009 .
TURNING LEVEL (2) : 0.008 .