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GOLD / Dropped $47 and Reversed, Again Bearish MomentumGold Technical Analysis The price dropped and reached our targets 2623 and 2613 and reversed quickly, as we mentioned yesterday, Today also has a bearish momentum as long as trades below 2653 will drop to get 2623 and 2612, below 2612 will touch 2585, and we have the retest possibility to 2653. To be a bullish trend till 2661 and 2678, the 4h candle should be closed above 2653. Key Levels: Pivot Point: 2641 Resistance Levels: 2653, 2661, 267 Support Levels: 2624, 2612, 2585 Trend Outlook Bearish Momentum: Dominant as long as the price remains below 2649 and especially 2638. previous idea:
OANDA:XAUUSDShort
by SroshMayi
Alikze »» GRT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H - In the analysis presented in the weekly time frame , it was mentioned that an AB=CD pattern has been formed. - It is moving in an ascending channel in the 8-hour time frame. 💎 In the OB area, it can face the demand again by creating demand and liquidity hunt at the bottom of the channel and continue its growth up to the top of the channel. - Then I expect it to continue its growth to the supply area to form the third wave or wave C. ⚠️In addition, if the correction extends to the Invalidation LVL range, the bullish scenario in the 8-hour time frame is invalidated and must be reviewed and updated again.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:GRTUSDT
Long
by alikze
8
Arm Holdings (ARM) - Head and Shoulders Pattern, Target $78-$94Overview: Arm Holdings (NASDAQ: ARM) is forming a classic Head and Shoulders pattern, a bearish reversal pattern that signals a potential drop in price. The pattern is visible with a left shoulder, head, and right shoulder clearly defined. The neckline support is around the $140 area. Technical Setup: Pattern: Head and Shoulders Breakdown Level (Neckline): ~$140 Target Zone: $78 - $94, as projected from the height of the head to the neckline Key Resistance: $164 level (former high) Earnings Catalyst: With earnings approaching, the release could act as a potential catalyst to expedite the completion of this pattern, either causing a breakdown below the neckline or a temporary rebound before further selling pressure. Price Action: A breakdown below the neckline could see the price falling to the target zone of $78 to $94. Watch for any bounce around the neckline, which might offer a better risk/reward entry on confirmation of the pattern's completion. Risk Management: A daily close above the right shoulder (~$148) would invalidate the pattern and warrant a reevaluation of the setup.
NASDAQ:ARMShort
by Killahherb
APD - a stalwart trending up -- LONG @ 321.97APD (not to be confused with ADP) is in the midst of a pullback in a strong uptrend. The white lines mark 6 month highs and lows, and the 6 month Trend Strength Indicator is at .88 (0-1 scale) and has been in that vicinity since August. It's also a top 20 (top 3%) big cap composite score stock for me, reflecting a robust backtest history (almost 1900 trades going back to 1968), solid outperformance (.11%/day held), quick turnaround on trades (13 days avg - that's really solid for a stock with that many trades that cover whole market meltdown periods), and low trading system max drawdown (worst is < 9% since 1968). It can get streaky and go down for a couple of weeks at a time and has done so twice in the last 6 months, so it's definitely an average in type of trade. Full disclosure, this is a hypothetical trade for me - my portfolio is full of petulant stocks that don't want to go up right now so I'm capped. But a daily return on almost 1900 trades going back over 50 years that's almost 3x the S&P's long term daily average is worth sharing. In theory, per my usual strategy, l add at the close on any day it is still oversold and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation. P.S. The chart should look better than that but for some reason, what it looks like when I hit publish and what shows up after I do haven't always been the same lately, for some reason.
NYSE:APDLong
by redwingcoach
9
Angi's List | ANGI | Long at $2.00The historical simple moving average (SMA) I've selected for Angi Inc NASDAQ:ANGI is starting to enter stock price. This often means a directional change in price: up in this case. The price drop after the last earnings, I believe, was an algorithmic move for price entry/further consolidation. If true, the two large gaps above may be filled "soon". 70M float, 12% short interest... Fundamentally, Angi maintains a solid financial foundation with $395 million in cash and cash equivalents. The company's free cash flow increased $29.2 million to $78.4 million for the first nine months of 2024, demonstrating strong cash generation capabilities. The company's transition to a consumer choice model, already successful in its European operations, positions Angi to capture greater market share. Despite revenue headwinds, Angi demonstrates robust financial health with operating income increasing to $7.8 million in third-quarter 2024, a significant improvement from the previous year. The company's adjusted EBITDA grew 27% to $35.4 million, while year-to-date operating income reached $20 million with adjusted EBITDA rising 47% to $114 million, showcasing effective cost management and improving operational efficiency. Thus at $2.00, NASDAQ:ANGI is in a personal buy zone. Target #1 = $2.25 Target #2 = $2.50 Target #3 = $3.00 Target #4 = $3.50 Target #5 = $3.70
NASDAQ:ANGILong
by WorthlessViews
Kirklands | KIRK | Long at $1.99Kirklands $NASDAQ:KIRK. A strong move may be brewing... The historical simple moving average (SMA) is flirting with the price and has yet to break the barrier - which often results in a sharp price increase. The downward trend is finally starting to reverse based on this measure, too. While it may not soar to crazy highs like in 2021, the chart setup is exactly what I like to see for an anticipated move up as it consolidates. A 12M float and 7% short interest could get the ball rolling if/when the price breaks into the historical SMA. Fundamentally, NASDAQ:KIRK is a small-cap with $114 million in sales. It recently partnered with NYSE:BYON as an exclusive licensee of Bed Bath & Beyond neighborhood stores, positioning the company as a multi-brand retailer. The first Bed Bath & Beyond neighborhood store is planned for a 2025 opening. Could this be the force for a future price move? Time will tell. At $1.99, NASDAQ:KIRK is in a personal buy zone. Target #1 = $2.50 Target #2 = $2.75 Target #3 = $3.00 Target #4 = $4.00
NASDAQ:KIRKLong
by WorthlessViews
The plan to go long on crude oil beginsBros, today's NFP market is somewhat disappointing. Gold did not activate our limit orders during the rebound. So we don't have a good position to participate in gold trading. At present, I pay more attention to crude oil than to gold. At present, crude oil has fallen to around 66.95 and has not effectively fallen below 67. Moreover, crude oil has repeatedly turned the tide in the 67-66 area, successfully stopped the decline and successfully reversed the trend, so crude oil has now entered a strong buying area.Therefore, crude oil is currently at a very attractive price near 67. I think there will be a large influx of buying funds in this area, thus supporting the oil price to rise again. Then I think we can start to go long on crude oil in this position area! Wish us good luck! Bros, are you also bullish on crude oil in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
TVC:USOILLong
by Trader_Marvin
1
Gold 2645 continues to be short During the Asian session on Friday, December 6, gold fell from 2635 to 2613, and then suddenly soared in the short term. The price of gold has risen sharply from the intraday low of around 2613 US dollars per ounce, and the current price of gold is around 2643 US dollars per ounce. There are reports that South Korea may have a second martial law, which has rapidly heated up the market's risk aversion and stimulated a sharp rise in gold prices. Analysis and interpretation of gold trends! Gold rose first and then fell yesterday, and the final rebound stopped at 2655. The trend is in line with our bearish expectations. As for the market falling and breaking, it is a normal market! Yesterday morning, due to the negative news of data, gold fell under pressure, and continued to fall in the early trading today. As the support position of 2606 is close below, it is no longer appropriate to chase the short position! In terms of trend, gold lacks upward momentum at the 4-hour level, and the market fell after testing the 2660 position three times in a row. This week, the market has been maintained in a small range of 2630 and 2650. It is inevitable that the breakout will accelerate. At present, the bulls are under serious pressure. Unlike the previous continuous rise, this week has been weak and volatile. So we can continue to maintain the high-altitude thinking unchanged! Gold point: European session 2643-45 directly short, defense 55, target to 2613-06!
FOREXCOM:XAUUSDShort
by Yuliya1l11
GBPUSD → Channel breakout. Attempt to change the trendFX:GBPUSD finds an opportunity to grow. A breakout of the local trend resistance is forming amid the dollar correction. Zones of interest: 1.300 The retest of the intermediate bottom ends with reversal candlestick patterns and market reversal structure. The big question is: How long will it last? It all depends on the dollar. The US market received negative jobless claims data yesterday, which may also affect the NFP, which will be released later today. A worse-than-expected data will intensify the dollar correction, pointing to the problems in the economy (against what Powell said recently). In such a scenario, forex currencies may get a chance for a small rally. Technically, a channel breakout is a good signal that could turn into a strong momentum, but apparently traders are not in a hurry yet.... Resistance levels: 1.284, 1.300 Support levels: 1.272, 1.261, 1.2488 Accordingly, if a false breakout of resistance is formed and the price falls beyond 1.272, then we should expect a decline to 1.24. But at the moment there are positive signs to gain from 1.275 to 1.300 in the medium term.
Long
by MarketAnalyzar
NFP market trading strategyFrom the data, the previous value is 1.2 (million), and the forecast value is 20 (million). From the current expectations, the non-agricultural employment population data may continue to rise sharply, which is bearish for gold; if the data is revised for the previous value, it may bring greater pressure to the gold market; gold fell to around 2613 overnight, and it is not ruled out that institutions are running ahead of the NFP market. If gold in the NFP market continues to fall sharply, it will also harvest most of the funds chasing the rise; From the chart, gold is currently in a volatile pattern, but from the perspective of rebounding and falling back many times, it faces multiple resistances above, first facing resistance in the 2655-2665 area, and secondly facing resistance in the 2675-2685 area. So it is actually difficult for gold to break upward at the technical level; and today is Friday, the gold market closes the weekly line. From the weekly level, gold still has room to continue to fall, so once gold falls in the NFP market, it is likely to test the 2605-2600 area support; it may even test the 2580-2560 area. So, today’s NFP market trading strategy: 1. Set the price limit to sell gold at 2658-2662. If it exceeds 2666, the short position will be abandoned; 2. Wait for the data to be released and then follow the gold fluctuations to choose an opportunity to short gold; Bros, are you ready to participate in the NFP market? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin