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Wave Analysis

Market Analysis (Gold/USD): Analysis Using Fibonacci Retracement Levels The chart indicates key Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, and 100%). These levels are commonly used to identify potential support and resistance areas. The price is currently hovering around the 100% retracement level (2,613). This suggests the market has retraced fully from the most recent move. 90% Level (2,624): The price has been rejecting this level multiple times, which may now act as resistance. A breakout above this could signal a continuation towards the 50% retracement level near 2,669. On the downside, 123% retracement level (2,587) and 161.8% (2,544) are critical zones to watch if the price breaks below the current level. EMA 200 and EMA 50 EMA 200 (Yellow): The EMA 200 is currently positioned above the price, suggesting a bearish longer-term trend. This acts as a major resistance level, and a price break above it would be a strong bullish signal. EMA 50 (Red): The EMA 50 is currently much closer to the price. It may act as the first dynamic resistance. A crossover of the EMA 50 above the EMA 200 would be a bullish signal. Current Pattern The blue lines on the chart form an ascending wedge or channel, which is a consolidation pattern. Typically, this may lead to either a breakout to the upside or a reversal to the downside. Upside Scenario: If the price breaks above the wedge, the key target will be 2,632 (90%) and then the 50% Fibonacci level at 2,669. Downside Scenario: If the price breaks down, it could test 2,587 (123%) or even 2,544 (161.8%), aligning with bearish momentum. Key Levels to Watch Resistance Levels: 1. 2,624 (90% Fibonacci) 2. 2,632 (Yellow EMA 200) 3. 2,669 (50% Fibonacci) Support Levels: 1. 2,613 (Current 100% Fibonacci level) 2. 2,587 (123% Fibonacci) 3. 2,544 (161.8% Fibonacci) Ascending Wedge Pattern (Blue Lines): It’s clear that the price is currently forming an ascending wedge pattern. This is a market structure that typically indicates a buildup before a breakout (to the upside) or a breakdown (to the downside). If the breakout occurs above the upper wedge line, it could signal a bullish move. If the breakdown happens below the lower wedge line, it could point to a bearish move. Key Resistance and Support Levels: Currently, the price is testing a resistance zone near 2,624. On the downside, the nearest support level lies at 2,613, a key level where the price has rebounded several times. Overall Market Condition: The market is in a consolidative state, appearing to prepare for a significant move. If you're trading this market, it’s better to wait for a clear breakout or breakdown from the wedge pattern before making any decisions.
FX:XAUUSDShort
by ENGAbdulkadirHassanMohamud
GBPJPY Analysis: The point marked "C" seems to represent the lowest point within a symmetrical triangle pattern. This indicates price consolidation between the support and resistance lines. Currently, the price has broken above the lower boundary of the triangle and appears to be moving upwards. This could signal a breakout to the upside, especially if it’s a confirmed breakout with strong volume. Possible Outcomes for "C": If the price pulls back (retest): The price might return to the support line (which was previously resistance) to test it again. This is often referred to as a "retest" before continuing higher. If the upward movement continues: If the breakout is confirmed, the price could move toward the upper resistance line (the pink line sloping downward). Recommendation: Watch for a small pullback where the price tests the breakout line (now acting as new support). If it holds there, it could indicate further upward movement. Pay close attention to the 200.00 level, as it seems like a significant technical resistance level where price action could face challenges.
Long
by ENGAbdulkadirHassanMohamud
Gold fell and weakened Gold fell after rising to 2790. The daily chart shows a descending triangle pattern, with the high point gradually moving down, and the overall trend is a five-wave decline at a high level. The lower support level of 2545 is the dividing line between long and short positions, and the upper level of 2720 forms a double top and falls back, and it rebounds near 2584. In general, gold is in a trend of high-level shock and decline, with a short-term rebound and a small ascending triangle structure. In terms of operation, you can pay attention to the breakthrough of the triangle before trading. Short-term support is 2610 and resistance is 2635. It is recommended to arrange short orders when breaking below 2610, and those who are conservative can wait for the price to rebound to 2630-2635 under pressure before going short. The downside targets are TP2605, TP2580, and TP2550, respectively, and the stop loss can be set at 2656 (breaking above the previous adjustment range).
FOREXCOM:XAUUSDShort
by RonPeter_Trading
The Dividend King: $SCHD🚀 All Hail SCHD - The Dividend Fan Favorite! 🔥 Ticker: Schwab U.S. Dividend Equity ETF ( AMEX:SCHD ) Timeframe: Daily Chart Why You Can't Ignore SCHD: SCHD is the GOAT of dividend ETFs. With its strong track record of outperforming, stable cash flows, and juicy dividend yield, this ETF is a must-have for dividend enthusiasts. 🤑 The Setup: Support Bounce: We're seeing AMEX:SCHD rebound from key demand zones at $26.95. Bulls are clearly defending this territory. Wave Progression: Elliott Wave patterns suggest a massive Wave 5 move incoming—hello, ATHs! 🚀 Targets: Target 1: $29.50 Target 2: $31.50 (beyond here, moon territory 🌕). Why SCHD? - Dividend Royalty: Consistent, growing payouts backed by high-quality companies. - Low Fees: Who doesn't love keeping more of their dividends? - Compound Wealth: Reinvest dividends, and watch your portfolio snowball into retirement glory. Call to Action: Stop thinking. Start building wealth with SCHD. It's not just an ETF; it's a movement. 🌟 Dividend Fanboys Unite! 💪 Let’s ride this wave to financial freedom! Are you in? 💬 Share your thoughts below! 🚨
AMEX:SCHDLong
by MrStockWhale
12.24 Gold operation and market trend guidance 🎈Gold did not continue the previous rebound trend yesterday, and did not continue to rise. It rebounded and fell as we expected. It began to retreat after touching 2633, and stopped correcting after touching the lowest level of 2607 in the US market. It rebounded again in the Asian morning session and retreated after touching 2621 in the European session. It was also affected by holidays. The short-term volatility was also relatively cold, and there was no great willingness to break through. In addition, the market will be closed for Christmas tomorrow, so today's volatility may not be very large. Although the current daily line is still above the 5-day line, yesterday's negative line retreat also increased the market's short-selling enthusiasm. It is very likely to continue to retreat under pressure in the short term.🔴 🎈Judging from the 4-hour analysis, the key support below is the 2600 integer mark. If you step back to test the low and stabilize this position during the day, you can go long first and then see the rebound. The short-term pressure above is focused on the vicinity of 2633-2638. Overall, rely on this range to maintain high short positions and low low positions. , the main tone of cyclical participation remains unchanged, cautiously pursue orders in the middle position, and wait patiently for key points to enter the market.🔴 Gold operation strategy: 1. Short sell gold when it rebounds to 2638-2642, stop loss at 2651, target at 2588-2593; 2. Buy gold when it falls back to 2586-2593, stop loss at 2575, target at 2630-35;
FOREXCOM:XAUUSD
by Caesar_Gorman01
#GMKN - Option x2/x2.5 with 14% annual yield. Good day, dear investors. We continue to bet on the normalization of relations between the Russian Federation and the United States and Europe, one of the recipients of these events will be Norilsk Nickel. GMKN is a producer of nickel, copper, platinum, palladium, the list is much wider, but this is the main thing. An export company, it has a full production cycle: mining, enrichment, production, logistics and sales. In connection with foreign economic activity, the devaluation risks of the national currency are less aggressively distributed. Financial indicators are stable. Under the influence of restrictions, net profit and revenue are decreasing, but net assets remain in surplus and are growing despite the rising cost of servicing debt obligations. The average dividend yield over the past 10 years is 14.3 ₽ per 1 share, which at the time of writing is 13.6%. The technical picture is bearish. The stock has dropped to the range of 123-77, where trading is taking place below the lower boundary of the ascending channel. The target of this bearish cycle may be marks near the lower boundary of the range. Possible scenarios: - Direct fall to 77 - Growth to 139 - 149 and fall to 77 - End of the bearish cycle. Our team believes that at the moment the company's quotes are at historically low price levels, especially considering the quotes of precious metals and the growth of the money supply in Russia. At the same time, if our expectations for the normalization of external relations are not met, the shares will still be able to grow and neutralize currency risks, according to the scenario of Iran or Turkey and their stock markets. Therefore, despite the bearish view from technical analysts, we are considering this company for addition to our portfolio on the Russian market. With respect to you, Daniel Drozdov. CIS Market Analyst VokCapital
RUS:GMKNLong
by VOKCAPITAL
Microsoft ($MSFT) - Potential Bounce from Support📈 Day-Trade Setup: - Entry: $434 - Stop-Loss: $432 (tight risk management) - Target 1: $439 - Target 2: $445 Rationale: Microsoft is showing signs of a potential reversal after hitting key support levels around $432-$434. This level aligns with prior demand zones, and a recovery is anticipated based on Elliott Wave projections and Fibonacci retracements. - Target 1 ($439): Represents the 0.382 Fibonacci retracement and aligns with interim resistance. - Target 2 ($445): Aligns with the 0.618 and 0.65 Fibonacci retracement levels, completing Wave C. Risk Management: Position size is adjusted for a 1% account risk. Outlook: This trade leans on technical patterns and tight risk-reward dynamics. Microsoft continues to be fundamentally strong, with its cloud and AI initiatives fueling long-term growth. Let's see if this rebound materializes! 🚀
NASDAQ:MSFTLong
by MrStockWhale
12.23 Gold price fluctuates and seeks direction Gold's overall technical outlook last Friday saw a roller-coaster ride of long and short shocks. After a continuous decline on Thursday, which fell below the 2600 mark the previous day, gold fluctuated slightly throughout the day and rebounded. The U.S. market experienced an acceleration in the breakthrough and breakthrough. Standing above the 2610 mark and continuing the bullish rebound, it It closed near 2622 on Friday. Gold was not strong after opening in early trading in Asia today. It is still too early for gold to say that the trend has reversed. Gold has begun to fluctuate. There is no unilateral market trend for gold at the moment. Still a trading strategy of selling high and buying low. Gold is under pressure in the short term at 2638-42 and continues to be short. Gold focuses on the resistance near 2650, and the support of the 2600 first-line mark is the first focus below. From the 4-hour analysis, today's short-term support is around 2610-08, with a focus on the support line of 2586-92, and the upper pressure is around 2638-42. The overall trading strategy is to maintain high short selling as the main transaction and low long buying as the auxiliary trading strategy based on this range. The main tone of cyclic participation remains unchanged. The middle position is always patiently waiting for cautious orders and patiently waiting for key points to enter the market. Gold operation strategy: 1. Short sell gold at the rebound line of 2638-2642, stop loss 2651, target 2588-2593 line; 2. Buy gold at the retracement line of 2586-2593, stop loss 2575, target 2630-35 line;
FOREXCOM:XAUUSD
by Caesar_Gorman01
Daily Analysis of GBP to USD – Issue 176The analyst believes that the price of { GBPUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Long
by MoonriseTA