Gold declined from last ETH! Time to fallsHey Traders & Investors! Hope you're shining bright today!
XAUUSD H1 Chart Analysis (January 25, 2023)
The gold price has reached our target of $2,777, triggering a fresh selling opportunity for bearish traders. This move is supported by negative momentum indicators on the H1 chart.
Key Levels to Watch:
- Resistance: $2,790
- Previous Target: $2,777 (HIT)
- New Target: $2,750
- Support: $2,720
Trading Strategy:
A sustained move below $2,767 could pave the way for additional losses. However, a reversal above $2,790 could trigger a buy-off.
Update:
Our previous target of $2,777 has been hit, confirming the strength of the bullish trend. However, we saw a fake breakout around $2,784. Now, let's focus on our next target around $2,750.
Educational Takeaway:
This analysis highlights the importance of identifying key supply and demand zones and monitoring momentum indicators to gauge the strength of a trend on shorter timeframes. By combining these technical analysis tools, traders can make more informed decisions and develop effective trading strategies.
Hope my work helps you guys! Please like, comment, and share your thoughts!
Best wishes,
Tom
Trend Analysis
AUDCAD - Look for a long !!Hello traders!
‼️ This is my perspective on AUDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is imbalance filled + rejection from bullish OB.
Fundamental news: Upcoming week on Wednesday (GMT+2) we will see results of CPI on AUD and Interest Rate on CAD. News with high impact on currencies.
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US 10Y TREASURY: a FOMC weekThe previous week was a bit mixed for US Treasuries. Certainly, the most important weekly event was related to the inauguration of the new-old US President. The market was closely watching which pre-election promise will take place in the coming period. For the moment, promised tariffs on imported goods are set aside, so fear of potential inflation was a bit postponed. However, a new moment occurred when the President was addressing a business gathering in Davos, Switzerland, when he noted that he will request a drop in interest rates, immediately. Taking into account that decrease of interest rates is the responsibility of the FOMC in the US, this move from the US Administration currently remains unclear.
The 10Y US benchmark yields started the previous week around the level of 4,52% and moved up toward the level of 4,66%. At Friday's trading session, Treasury yields eased till the level of 4,61%. The week ahead brings the FOMC meeting on January 28-29, which is a promise of a potential volatile week. The “rejection” of the 4,65% level at Friday's trading session, implies a probability of a further decrease in Treasury yields, but not below the 4,55% level. On the opposite side, in a FOMC week, surprises are always possible.
Weekly FOREX Forecast Jan 27 - 31stThis is an outlook for the week of Jan 27-31th.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD is retracing from the M+W TF Supply Zone. The sellers are in control... for now. The macro view is that the bullish up trend is not broken. Be mindful of this. For now, selling the USD is in order, and buying the EUR, GBP, NZD, AUD, CAD, CHF, are the best moves. Keep and eye on an indecisive JPY, and wait for a break of the consolidation.
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May profits be upon you.
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NQ Range (01-27-25)Final week of the 1st month, so far not much has changed with intraday Price Action. The original Danger Zone TL (Orange) now has a lower long term TL that may be an indication that the Danger Zone is dropping (NAZ may start to experience lower lows and start a decline). Short below 22,200 and Long above. 19,200 is Strong Long Zone, we did retest U Turn Zone #1 (21,000) and may retest #2 (20,000). For now, Long in the O/N, fade the Open Range and Long in Dead Zone or near the Close. Should this pattern change, it would be a minor miracle. Go Fed & Washington Street (Wall Street is 2nd Banana), the Fed Is back this week.
Gold is bearish NowGold has reached a wonderful order block area after sweeping the liquidity at the previous SNR levels. In the H1 and M15 timeframes, prices has been trying to push through the order block however it keeps failing to do so. It would be most certainly worthwhile to keep an eye open for sell opportunities!
NATGAS Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for NATGAS below:
The price is coiling around a solid key level - 4.010
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 3.872
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Bitcoin is gearing up for a rally. 120K target Bitcoin after the false breakout of resistance, which is associated with Trump's inauguration did not fall, but only consolidates near resistance. And this, I believe, is a very good sign that the price may continue its trend after exiting the triangle.
Scenario: Since after the strong growth and after the false breakout there is no fall and consolidation is formed, we can expect the continuation of the growth because I also point out a few more things:
- strong trend on senior timeframes
- locally the price does not update the minimums
- resistance retest is formed
- consolidation on the background of the uptrend.
Correspondingly: a break of the triangle resistance may increase buying interest, which may lead to another rally to ATH and even update it to 120K.
BTCUSD can fly to 107k (red the caption)Good morning, Traders!
Hello everyone!
BTCUSD Analysis: Long Opportunity in Accumulation Zone
The Bitcoin market is in an accumulation zone, indicating a potential buying opportunity.
Key Points:
_Simple Moving Average (SMA):_ $101,398
_RSI:_ Oversold (below 25)
_Lower Low Indicator:_ Suggests a trend reversal
_Accumulation Zone:_ $98,500
_Support:_ $96,500
_Recommendation:_ Go LONG on BTCUSD
Target Levels:
_1st Target:_ $104,000
_2nd Target:_ $107,000
Trading Strategy:
Consider going long on OANDA:BTCUSD , with a stop-loss to be determined based on individual risk management strategies.
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Have a great trading day!
Hope my idea will be profitable for you 😄
Best wishes Tom 😎
CADJPY next move (expecting bearish move)(22-01-2025)(mid term)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (22-01-2025) (mid term)
Current price- 109.000
"if Price stays below 111.000, then next target is 105.000 and 103.000 and above that 115.000 ".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
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DOT Nearing Key Support: Potential for Bullish Breakout..!At the moment, DOT is nearing its critical support level of $6, a price point that has historically acted as a significant resistance level in the past. It's essential to be patient and observe for a strong bullish signal or a bullish technical pattern, such as a breakout or a reversal formation, before making any decisions about entering a long position.
For those investors with a long-term perspective, this price level could present an opportune moment to start accumulating DOT. Given the overall market trends and potential for recovery, a reasonable price target for DOT could be around $11. This target reflects the possibility of upward momentum as the market dynamics shift, providing a favorable outlook for long-term investment strategies.
Sell, Hold, or Hope? Netflix Approaches $1000Hi,
Looking at Netflix's historical price behavior around psychological round numbers ($100, $500), we see a pattern that indicates it might be a good idea to lock in some profits at these levels.
Why?
- Round numbers often act as psychological barriers where prices tend to consolidate or range for a while, limiting further growth.
- There's a significant chance of a correction, especially after a strong rally like the one we've seen recently.
Both of these scenarios suggest it's worth considering taking some money off the table. One thing is for sure: please avoid letting FOMO influence your decisions at these prices - don't buy it at the moment. There will be better changes, just be patient enough!
Historical Examples of Psychological Round Numbers
$100 Level (2015-2016)
In July 2015, Netflix approached the $100 level. While it did show some upward movement, the price largely ranged around this area until late 2016. It was stuck for months, offering limited returns for those who didn't react.
$500 Level (2021-2022)
Around $500, Netflix once again demonstrated the same behavior. For about a year, the stock did little more than range around this level. This shows how powerful round numbers can be as areas of stagnation.
Current Major Level: $1000
While Netflix has surpassed previous round numbers, $1000 is shaping up to be the most significant psychological level yet. The rise to this point has been enormous, and history suggests that sooner or later, a correction is likely.
If you're not prepared to hold through a potential correction or consolidation, the current price levels might be an ideal time to lock in profits. Long-term holders who stick to their thesis might choose to ride this out, the choice is yours. However, for mid-term investors, locking in some gains here could be a wise move!
"Sell, Hold, or Hope?"
Let's say in that way - I hope that some holders will sell around current prices! ;)
All the best,
Vaido
BTC/USDT chart analysis !
BTC is retesting the breakout point near the descending trendline (around $98,000-$100,000).
If buyers step in, this retest could act as a launchpad for a potential bounce.
The green zone ($92,000-$96,000) remains a crucial area of demand, offering strong support in case of a deeper retracement.
The 50-day SMA (red line) is moving upwards, currently around $98,000. It acts as a dynamic support level.
BTC is slightly above the 21-day SMA (black line), which suggests short-term support.
Despite the pullback, the overall structure suggests a bullish continuation.
The orange projection shows a potential consolidation followed by a move towards higher targets near $112,000-$116,000.
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Thanks for your support!
DYOR. NFA
SPX: yep, ATH againThe inauguration of the new-old US President was in the spotlight of markets during the previous week. As there were no changes with respect to the pre-election promises, the markets continued to react positively for the rest of the week, bringing the S&P 500 to a new historically highest level. The level of 6.122 is a new historical point. Friday's trading session brought some profit-taking moments, where the index ended the week at the level of 6.101. The short reversal was mostly driven by tech companies, where Nvidia slipped by 3% to the downside. Tesla followed by 1% dip.
Regardless of positive sentiment in an after-inauguration period, the fear of tariffs still holds on the market. Investors do not perceive such a move, especially with China, in a fear that increased import prices might bring back inflation in the US. Depending on the level of tariffs, this further might imply that the Fed could be in position to hold interest rates at current levels for a longer period of time, which in the end, might impact the US growth for this year. This is why mentioning tariffs in public by the new US administration will always imply some contraction of markets in the coming period, which means increased volatility.
Another moment which is important is the US President's address at the business forum in Davos, Switzerland, where he noted that he will request a drop in interest rates, immediately. It is unclear how Fed Chair Powell and FOMC members will perceive such rhetoric, and intrusion of the US President into US monetary policy. Certainly, this will be one of the questions which will be addressed in an after-the meeting speech of the Fed Chair Powell, in the week ahead.
Overall, the week ahead will bring PCE data, Fed's interest rate decision, overview of macroeconomic data, and address of Fed Chair Powell. At the same time, big tech earnings are expected to be posted, so this could be a promise of another challenging and volatile week on financial markets.
Gold : A time for a Pullback from Double topGold: Price approached near Last ATH on firday. The price showed a rejection from the level. This rejection can be seen in the form of Wick on the daily chart and formation of Head and shoulders in 1H or Lower TF.
I think price will pullback from this level and visit the area between 20-50 DMA.
Allinging fundamentals with the technicals. Trump policy of imposing tariffs on foreign imports may increase inflation and delay the interest rate cuts.
We may see 2750-2720-2700-2680 levels in the next week.
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