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Uptrend

XAUUSD potential further push towards the 2550XAUUSD surged to a fresh all-time high on Friday, pushing past previous resistance levels. The price hit 2,508 and closed with a strong bullish candle, indicating the ongoing upward trend. This robust momentum suggests that further gains are likely in the coming week. On the two-week chart, there’s a decisive break and close above the July high, hinting at an extension toward the 2,550 resistance zone, especially since the inside bar formation has been triggered. On the daily timeframe, the market also broke and closed above a triangle pattern, a textbook signal for trend continuation. The price action seems to be developing an AB = CD pattern, with the D point projected around the 2,550 level
FOREXCOM:XAUUSDLong
by RTED_Investing
Is this what going "parabolic" looks like?Everyone is well aware of the fact that the Fed will soon be cutting interest rates. That's a given. If so, I'll be interested to see just what affect this will have on the market. It's hard to argue that it won't be a positive, but as some would say, there's a reason why the Fed would feel the need to lower rates...a slowing economy! I am not a prognosticator by any stretch, but just a chartist, and as such, it's hard to ignore what is beginning to look like a parabolic feature in the Nasdaq market. How will we know? Once rates are lowered (if and when), we look for either a continuation of the steepest uptrend channel and break of the July high, or down we go with a break of the uptrend channel to support levels.
CME_MINI:NQ2!Long
by EdStewart
1
SWING IDEA - ASHOK LEYLANDThis chart reveals a harmonious convergence of price action and key indicators, suggesting a potential buy opportunity on the horizon. The stock has displayed remarkable strength, with patterns that indicate a possible upward trajectory. Reasons are stated below : price tested 168 levels twice on weekly tf and finally has come down to retest after a strong breakout 0.382 Fibonacci level support 50EMA support on daily tf formed 2 hammer like candles with a long wick indicating a buy-push ASHOK LEYLAND is a fundamentally strong stock on which we can rely. this seems to be a golden opportunity to buy this gem. TARGETS - 207 // 233 // 260 // 300 SL - 154 thank you.
NSE:ASHOKLEYLong
by Visionary_Growth_Insights
4
8.3.2024 Platinum Weekend Pre Market AnalysisIt's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading. We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it.. Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target analysis. Then dialing it down to the 3 minute or 15 minute to look for an entry!
NYMEX:PL1!
by MoneyDuck_Butch
1
Nvidia Is waaay too hotEven though it is possible for price to go beyond the 3rd STD, It usually doesn't remain there for long before it has to cycle back to test lower levels. However, hype stocks can lead people to keep buying in fear of missing out. We all know that is a rookie mistake. That's why, even though NVIDIA is an awesome company, I would instead prefer to buy at a discount. No one knows what price will do tomorrow. But it's best to have the odds on our side. And when a situation seems risky, even though it's promising, it's usually the best just to step back. Even if you have to let go a great opportunity where price rises, you will still be better off. Because a strategy consisting of chasing the trend will inevitably end poorly. The correct approach is trying to find opportunities where the price isn't too hot, and you believe in the future of the company. One must look for ways to determine if a new trend is forming. Not trying to catch the current one. If the price is already in a clear trend, it's best not to jump in right away, but look for a cool off before taking a position. Also, when considering individual stock's it's important to study the related indices as they will give more context to where the stock is in contrast to its pears with similar situations. By looking at the CME_MINI:ES1! and CME_MINI:ES1! It's noticeable that these indices are also overheating. Just to be clear, I don't believe we are at the peak yet, but we will soon be there. Just be patient, don't tell price what to do, let it hit you about its next move and prepare for all scenarios.
NASDAQ:NVDALong
by DarkMessiah777
Xauusd up trend XAU/USD is rising from 2397 to 2409 following the U.S. Dallas Fed PCE news. The positive data likely sparked investor optimism, driving the price of gold higher against the US dollar. This uptrend may indicate increased demand for gold as a safe-haven asset in response to market uncertainties stemming from the economic data release. Investors are reacting to the news by flocking towards the precious metal as a hedge against potential risks, pushing its value up in the forex market.
OANDA:XAUUSDLong
by Khalifapatrick
Ichimoku Watch: Google Poised to Test Kumo CloudUpcoming Earnings Alphabet Inc. (ticker: GOOG) is scheduled to report earnings after the market closes on 23 July. The consensus Earnings Per Share (EPS) estimate for the fiscal quarter ending June 2024 is $1.85. The reported EPS for the same quarter a year prior was $1.44. Price Action Nearing Ichimoku Cloud The stock is poised to register its first losing month (down -2.2% month to date) following four consecutive winning months. Price action has dipped beneath the Conversion Line (blue at $185.76) and the Base Line (red at $184.47); of note, the former has yet to cross beneath the latter (which can be viewed as a bearish signal). Price movement also remains below the Lagging Span (dark green at $179.39), a bullish signal, and the stock is nearing the Ichimoku Cloud, which has been in play since the Leading Span A (light green at $185.11) crossed above the Leading Span B (light orange at $179.54) at the beginning of May. The Ichimoku Cloud can offer traders a dynamic support area in uptrends. Another observation worth highlighting is the support level located within the Ichimoku Cloud at $173.05. Price Direction? In light of the visible uptrend, a test of the Ichimoku Cloud could be a factor that prompts buying. Buyers will also likely want to have support tested at $173.05 and also the Conversion Line cross back above the Base Line (by the time the price reaches the Ichimoku Cloud, the Conversion Line would have crossed below the Base Line); traders use an upward crossover as additional strength confirming the Ichimoku Cloud.
NASDAQ:GOOGLong
by FPMarkets
EURUSD H4: Create long position when the price fallsWeekly: The rising price in the past two weeks has regained its position above MA156. However, since there is still upper resistance from the convergence triangle shape above and the slope of MA156 is still downward, the EURUSD is expected to remain within the range of 1.0840-1.1040 in the next one to two weeks. Daily: The current price rise has reached the closing price of 1.0904 on June 3. Judging from the growth in trading volume, EURUSD still has the opportunity to continue to rise in the next few trading days. Investors should take advantage of price declines to establish "long positions." H4: The three moving averages (MA120. MA60. MA18.) are arranged in an upward trend, and a "long position" should be established when the price falls. H4 Strategy: Buy Zone (positive) @ 1.0805-1.0870 SL: 20-25, TP: 40-80 Sell Zone @ 1.0985-1.1030 SL: 15-20, TP: 25-50 H1: Same as H4: the three moving averages (MA120. MA72. MA24.) are arranged in an upward trend, and a "long position" should be established when the price falls. But the price will be more positive when entering the "long position" (short-term strategy) H1 Strategy: Buy Zone @ 1.0850 -1.0885 (short-term) SL: 15-20, TP: 25-60 Sell Zone @ 1.0940-1.0970 (short-term) SL: 10-20, TP: 20-40 Full Time Frame 4K UHD Pic (TradingView):
Long
by HyperAlphaPro
TIAUSDT | ARE WE GOING UP?Is a new bull market on the horizon? It just might be! Let’s dive into why TIAUSDT looks so promising right now. Market Context The crypto market is showing signs of life, and TIAUSDT could be poised for a significant move. Bullish Signals • Key Support Break: Recently, TIAUSDT broke through a key support level with significant volume, often a precursor to upward momentum. • BTC Sentiment: Bitcoin’s sentiment is bullish, and as the market leader, BTC often sets the tone for altcoins. A bullish BTC means good news for TIAUSDT. • Volume Surge: The volume spike indicates strong buying interest, suggesting that traders are gearing up for a potential rally. Strategy Given the bullish signals, I’m looking to ride the wave with TIAUSDT. Let’s capitalize on this potential move upward. Action Plan Going long on TIAUSDT, targeting higher levels as the market sentiment shifts. Could we be at the start of a new bull market? Let’s find out! 🚀💥 Good luck, everyone! #minno #TIAUSDT #CryptoTrading #Bullish #MarketAnalysis #Uptrend #Altcoins #BTC #StayTuned
Long
by minno91