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Russell 2000 On verge of breakoutof a continuation inverse head & shoulders these projections are IMHO likely to be the final nail in the coffin for this massive bull run one of the complaints from Analysts is the lack of breath in the market well when the russell reaches these projections these analysts will likely claim victory and say see NOW we have a real bull market which is when you should be seeking shelter as when the last bears are bullish it means there is no one left to convince. And after 16 years from the 2009 bottom would be a fitting end to the secular bull With a Trump victory likely .. The Dems will in all likelihood prefer to leave him a big mess to clean up than a booming economy.
CME_MINI:RTY1!Long
by BallaJi
2
XAU/USD (Gold/USD) chart on a 144-minute timeframe1. Wave Analysis and Elliott Wave Structure The chart follows an Elliott Wave structure, identifying five distinct waves of a downtrend (Wave 1 to Wave 5) followed by a corrective pattern. Notable Wave Points: Wave 5 is projected to potentially end near the 1.618 Fibonacci extension level around 2,843.46, which often marks a strong potential reversal point. Corrective Waves (i-iv): Following the primary downtrend, the upward movement seems to be structured in corrective waves (i, ii, iii, iv), suggesting a possible ABC or zigzag correction in progress. 2. Fibonacci Levels 1.618 Extension at 2,843.46: This level acts as a key Fibonacci extension for a potential diagonal Wave 5 completion, which could serve as a resistance level for price to react or reverse. 1.236 Extension at 2,803.48: This level has been marked with a "Volume Divergence by Wave 5" note, indicating that this might be a significant area of confluence where volume divergence could lead to a price reaction or reversal. 3. Wyckoff Phases and Price Levels Automatic Reaction (AR) and Secondary Test (ST): The chart labels an AR and ST in a possible Wyckoff Phase B, which usually indicates accumulation. This phase is characterized by testing support and resistance levels as the market builds a base. Sign of Weakness (SOW) in Phase B: This is marked below, indicating a loss of momentum in the downward trend and possibly setting the stage for a reversal. Upthrust (UT) in Phase B: An upthrust is noted, which could act as a false breakout above resistance levels, signaling potential distribution if price fails to hold above it. 4. Volume and Divergence Volume Divergence: Marked by Wave 5, this signals that while price may still be moving down, volume may not be supporting it as strongly, suggesting waning bearish momentum and potential for a reversal or a consolidation phase. 5. Key Support and Resistance Levels Resistance Levels: Around 2,790: This level is marked prominently as a psychological level where price might struggle to break above. Recent Swing High (2,800 - 2,810): Located near the top boundary of the corrective range and could act as resistance for upward price movement. Support Levels: 2,674.19 (0.272 Fibonacci retracement): This level acts as a potential support in the context of the current downtrend. SOW in Phase B (Zone around 2,670 - 2,675): This area might act as strong support, especially if the SOW represents the lower boundary of an accumulation phase. 6. Dealing Range and Structural Patterns The chart outlines a Dealing Range between recent swing highs and lows, suggesting a consolidation phase where price could oscillate before choosing a direction. Potential Diagonal Structure: The ongoing correction appears to be forming a potential diagonal or channel. The price is expected to follow a controlled upward move but may encounter resistance near the top boundaries of the channel. 7. Price Objectives and Probable Movements Upward Objective: Price might attempt to move towards 2,800 or higher, reaching a Phase B UT area as the corrective structure unfolds. Downward Objective: If price fails to break above the noted resistance levels and Phase B patterns, it may revisit the support zone around 2,675 - 2,680 or lower. 8. Strategic Points and Trading Considerations W Close (Wave Close): This label near the middle of the range could indicate the end of a wave and a potential consolidation or reversal area. Stop Loss Considerations: Noted as "Good Stop Loss Till STD Hit," suggesting an area where a standard stop loss could be placed, possibly below the recent lows or swing points for managing risk. No Money Protected Swing: A cautionary note near the support area suggests an awareness of risk in this region. Summary of Key Takeaways Price is currently in a corrective phase, possibly forming a complex wave structure after completing a primary downtrend. Key resistance levels around 2,790 - 2,800 and support levels near 2,670 - 2,675 are crucial to watch. The Wyckoff structure and volume divergence suggest a potential base-building phase, though a clear breakout of the range is needed to confirm the direction.
FX:XAUUSDLong
by spacedevil
1
The Importance of Financial Discipline in TradingThe Importance of Financial Discipline in Trading: A Pathway to Lasting Success Achieving consistent success hinges on one fundamental principle: financial discipline. This concept encompasses adherence to a well-structured trading strategy, effective risk management, and emotional control. Distinguishing successful traders from those who struggle, financial discipline empowers individuals to make informed decisions while navigating the often chaotic world of financial markets. Understanding Financial Discipline Financial discipline is about maintaining a methodical approach to trading. It requires traders to exercise patience in waiting for favorable market conditions, the courage to cut losses promptly, and the self-restraint to avoid impulsive risks. By establishing clear trading rules and sticking to them, traders can minimize errors, conserve capital, and foster long-term profitability. In contrast, a lack of discipline can lead to devastating consequences, derailing even the most promising strategies and exposing traders to significant financial setbacks. Also Read: The Critical Role of Emotional Control Emotions can be one of the biggest hurdles in trading. Decisions driven by fear, greed, or overconfidence often lead to regrettable outcomes. For instance, fear may result in prematurely exiting a position, causing traders to miss out on potential gains when they could have held on longer. Conversely, the lure of quick profits might tempt traders to overtrade or take on excessive risk. Disciplined traders minimize the impact of emotions by adhering to a comprehensive pre-planned strategy that emphasizes consistency. This approach includes specific criteria for trade entries and exits, pre-defined risk thresholds, and clear guidelines for position sizing. By operating within these parameters, traders can cope with the inevitable volatility of the market without succumbing to emotional reactions. Moreover, having financial discipline allows traders to maintain composure during turbulent market periods, a time when many make ill-advised choices. The essence of financial discipline lies in its ability to keep traders focused on their long-term objectives, adapt strategies when needed, and ultimately achieve sustained profitability over time. Also Read: Setting Achievable Goals Successful trading begins with the establishment of realistic, achievable goals. Traders should clarify their objectives—in both the short and long term—to facilitate strategic decision-making. Short-term goals, such as monthly profit targets, should remain specific yet attainable, fostering motivation and providing benchmarks for progress. For example, rather than aiming for excessively high returns, a trader might target a modest monthly gain, reducing the urge to engage in risky behavior. However, flexibility is essential. Financial markets are dynamic, and goals may need adjustment in response to changing conditions. What may seem feasible during a bull market could become unrealistic in a downturn. Long-term goals, such as building wealth over several years, can help traders keep sight of their overarching aims without getting sidetracked by temporary setbacks. By setting realistic expectations, traders can avoid the pitfalls of ambition that often lead to burnout or reckless decisions. These well-defined goals serve not only as performance indicators but also as tools to cultivate patience and resilience in the trading journey. Risk Management: The Heart of Discipline Effective risk management is paramount for survival in trading, and disciplined traders recognize that controlling risk is essential for long-term sustainability. Every trade carries a degree of uncertainty, and without a robust risk management strategy, even minor losses can escalate, jeopardizing a trader's financial health. One fundamental risk management technique is the implementation of stop-loss orders. A stop-loss automatically closes a trade once it reaches a predetermined loss threshold, helping traders avoid the pitfall of holding onto losing positions in hopes of recovery. By defining acceptable limits, traders can mitigate risks and safeguard their accounts. Position sizing is another critical component of a prudent risk management strategy. Traders should only risk a small percentage of their total capital on any single trade, ensuring that a series of losses will not have a devastating impact on their overall account balance. This approach encourages traders to diversify their risks rather than overexposing themselves to any one market or trade. Additionally, understanding and applying a favorable risk-reward ratio is central to disciplined trading. Aiming for trades where the potential reward significantly surpasses the risk taken helps ensure that traders remain profitable in the long run. For example, a risk-reward ratio of 3:1 means risking $100 to potentially earn $300. By consistently identifying trades with such favorable ratios, traders can weather inevitable losses while maintaining a path to profitability. Also Read: Mastering Emotional Control The psychological aspects of trading cannot be overlooked. Emotions such as fear and greed can markedly hinder progress. Fear may lead to hasty exits from positions, while greed could incite traders to exceed their risk limits in pursuit of greater profits. Both scenarios jeopardize a structured trading plan and can have dire financial consequences. Long-term success in trading requires emotional control, allowing traders to base decisions on careful analysis rather than spontaneous reactions to the market. Fostering a disciplined routine is key. This starts with a thorough trading plan that outlines clear entry and exit strategies, risk management protocols, and position sizes. Consistently revisiting and adhering to this plan will help mitigate impulsive decision-making influenced by market mood swings or personal stressors. Embracing losses as an inherent part of trading is also vital. Even the most adept traders experience losing trades, and it's crucial to avoid allowing recent losses to cloud future judgment. Focusing on the broader strategy and long-term performance instead of fixating on individual trades enhances a trader’s capacity to remain rational and composed. Also Read: and... Conclusion: The Path to Consistency and Success Financial discipline is not merely a concept; it's the bedrock of effective trading. By prioritizing structured strategies, managing risk diligently, and controlling emotions, traders can position themselves for sustained success in the financial markets. The journey to mastery involves setting realistic goals, crafting sound risk management plans, and cultivating emotional resilience. Ultimately, by embracing these principles, traders can improve their decision-making processes and enhance their chances for consistent, profitable outcomes in the exciting yet challenging world of trading.
COMEX:GC1!Education
by FOREXN1
1
XAU! 11/7! retest 2680 area to get liquidityXAU / USD trend forecast November 7, 2024! SCALPING Gold prices (XAU/USD) decline for the second straight session on Thursday, weighed down by a stronger US Dollar following former President Donald Trump's election win. The precious metal faces selling pressure as safe-haven demand wanes, with market optimism rising on the back of “Trump trades.” With the presidential outcome now clear, the markets are less concerned about a contested result, contributing to the bearish sentiment around gold. Gold prices mostly sideways before the FOMC meeting tonight: 2650 - 2670 /// BUY XAU : zone 2661-2658 scalping SL: 2655 TP: 40 - 80 - 150 pips (2673) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
6
Mixed Stocks: Trump, Chinese Stimulus and German CrisisGlobal stock markets presented a volatile day on Thursday, with mixed trends in both Asia and Europe. Several factors have influenced this behavior, from Donald Trump's recent victory in the United States to the possible economic stimulus measures in China and the growing political instability in Germany. Asian Markets: Caution After Trump Euphoria In Asia today, Thursday, the initial momentum from Trump's victory, which had driven Wall Street indexes to record highs, began to lose steam. While Japanese stocks managed to rise slightly, benefiting from the depreciation of the yen that boosted exporters such as Toyota, Chinese stock markets showed less dynamism. The FTSE A50 index (Ticker AT:CHINAA50) closed up +3.69% while Hong Kong's Hang Seng (Ticker AT: HKIND) managed a 3.58% rally. However, fears of harsher U.S. tariffs towards China, promised by Trump, are keeping a cautious mood in the region. Attention is now on China's National People's Congress, where stimulus measures to sustain the economy are expected to be announced. Beijing has already congratulated Trump on his victory and maintains an open dialogue with the US, although concerns about bilateral trade persist. Europe: Political Uncertainty in Germany and a Drop in Air France-KLM In Europe, indices started the session with mixed results amid growing political instability in Germany and mixed quarterly reports in the corporate sector. Germany's DAX advanced 0.7%, while the UK's FTSE 100 (Ticker AT: UK100)rose 0.2%, and France's CAC 40 (Ticker AT:FRA40) fell 0.1%. German politics have been a focus of concern after Chancellor Olaf Scholz fired Finance Minister Christian Lindner, leading to the collapse of the coalition government and the calling of a confidence motion in January. This situation has raised expectations of early elections and could affect economic stability in Europe's largest economy. On the other hand, Air France-KLM (Ticker AT: AF.FR) shares suffered a 10% drop after presenting a lower than expected operating performance, affected by the costs derived from the upcoming Olympic Games in Paris and higher unit costs. The situation has added pressure to the markets, while other sectors, such as home delivery with Delivery Hero (DHER.GE), showed solid revenue results, slightly boosting its shares. Oil and Dollar on Investors' Radar Oil prices stabilized following the recent rise in the dollar and the unexpected increase in U.S. crude inventories. As investors consider the potential impact of a Trump administration on crude supplies from Iran and Venezuela, Hurricane Rafael in the Gulf of Mexico is also disrupting oil production in the region, adding volatility to the commodity market. On the technical side, Brent crude oil (Ticker AT: BRENT) started the European session continuing the downward pressure of the Asian session. It is currently trading at $75.56 a barrel. The value of the checkpoint is currently in the $75 zone, so the RSI confirms with 44.30% that the price is under some downward pressure. It is very likely that the value of both WTI (Ticker AT: LCRUDE) and Brent will remain in a sideways range and seek to test with its current bullish continuation pattern the $76.06 resistance throughout this and next week, as well as for WTI in the $72.43 zone. In this context, the Fed's monetary policy and Chinese stimulus will be key to define the direction of global markets in the coming weeks, while European policy remains an element of uncertainty. In a context of limited crude oil production, it is possible that the stock could regain its shine in the direction of $80. Ion Jauregui – ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ACTIVTRADES:BRENTLong
by ActivTrades
Silver Faces Heavy Resistance: Time to Consider a Short?The price of Silver recently reached a key weekly demand zone from 2012, a level that has historically been significant in the market. Currently, the price appears to be following a similar reversal pattern to Gold, suggesting potential downside in the near term. For a clearer understanding of this correlation, check out my detailed analysis of Gold on my page, where I delve into its ongoing reversal pattern. In the chart provided below, you’ll see my weekly analysis of Silver, highlighting this critical supply area: View the chart here. Market Sentiment and COT Insights Market sentiment in Silver is still leaning bullish among retail traders, contrasting with the more developed reversal in Gold. The Commitment of Traders (COT) report continues to show strong bullish positioning among retail traders in Silver, which often signals a potential contrarian move. Meanwhile, the Forecast Indicator, which captures seasonal tendencies, is pointing towards a possible reversal in Silver during this part of the year. Technical Outlook From a technical perspective, Silver’s move into this weekly demand zone could mark the start of a more pronounced downtrend, aligning with the reversal patterns seen in Gold. Historically, this zone has acted as a strong resistance level, where price has struggled to break higher. As such, it’s a prime setup for a short position with a focus on capturing downside momentum. The current setup aligns with both technical signals and the COT report’s insights, indicating that smart money may soon start to unwind long positions, adding to the potential for further declines in Silver. Trade Setup Given the current scenario, we’re keeping a close eye on Silver for a short setup. Key factors to watch for confirmation include: -A sustained rejection at the current demand level. -Divergence signals aligning with a downward move. Further weakening in Gold, which could act as a leading indicator for Silver’s bearish movement. Final Thoughts The current analysis suggests that Silver could be entering a potential reversal phase, similar to what is already underway in Gold. However, it’s crucial to remain patient and wait for confirmation signals before committing to a short position. I’d love to hear your thoughts on this analysis. Do you think Silver’s reversal is imminent, or is there more room for upside before a potential downturn? Let me know in the comments below!
OANDA:XAGUSDShort
by FOREXN1
1
Closing my orders with Profit / prolonged weakness on GoldAs discussed throughout my yesterday's session commentary: "My position: I have engaged Medium-term two re-Sell orders on #2,745.80 (as in previous Buying orders, #2.0 and #3.0 Volumes on each order) with #2,600.80 as an optimal Target. Also, I will start Shorting Gold as Technically as evident on previous cycles, #2,790.80 should represent Ultimate Top zone for now and #2,552.80 - #2,600.80 poses as an excellent Medium-term Target on Gold." I have closed both of my Selling orders (#2.0 and #3.0 Volumes) with excellent Profit a bit earlier than expected on #2,752.80 benchmark as I was Highly satisfied and Profit was too good to be ignored (or allowed additional Risk). I had two Short-term Selling orders (#2,725.80 - #2,766.80 closing point) and when #2,700.80 benchmark gave away, I have added one more Sell on #2,698.80 - also #2,766.80 closing point for second order. My position: Overall I am very satisfied with yesterday's session and the fact that Gold didn't recovered already what was erased / lost of previous Bullish Daily chart's candles confirms my thesis that #2,790.90 might pose as an Ultimate Top's and that we are Trading new Bearish Short to Medium-term cycle. I will for now monitor the Price-action from sidelines as I haven't got intention to Risk more (await how market will digest post-Election day) after spectacular yesterday's session. I will have more with tomorrow's session candle.
OANDA:XAUUSDShort
by goldenBear88
Closing my orders with Profit / prolonged weakness on GoldAs discussed throughout my yesterday's session commentary: "My position: I have engaged Medium-term two re-Sell orders on #2,745.80 (as in previous Buying orders, #2.0 and #3.0 Volumes on each order) with #2,600.80 as an optimal Target. Also, I will start Shorting Gold as Technically as evident on previous cycles, #2,790.80 should represent Ultimate Top zone for now and #2,552.80 - #2,600.80 poses as an excellent Medium-term Target on Gold." I have closed both of my Selling orders (#2.0 and #3.0 Volumes) with excellent Profit a bit earlier than expected on #2,752.80 benchmark as I was Highly satisfied and Profit was too good to be ignored (or allowed additional Risk). I had two Short-term Selling orders (#2,725.80 - #2,766.80 closing point) and when #2,700.80 benchmark gave away, I have added one more Sell on #2,698.80 - also #2,766.80 closing point for second order. My position: Overall I am very satisfied with yesterday's session and the fact that Gold didn't recovered already what was erased / lost of previous Bullish Daily chart's candles confirms my thesis that #2,790.90 might pose as an Ultimate Top's and that we are Trading new Bearish Short to Medium-term cycle. I will for now monitor the Price-action from sidelines as I haven't got intention to Risk more (await how market will digest post-Election day) after spectacular yesterday's session. I will have more with tomorrow's session candle.
TVC:GOLDShort
by goldenBear88
Adaptive Volume Flow Indicator (AVFI)The Adaptive Volume Flow Indicator (AVFI) is an advanced version of the traditional Volume Flow Indicator (VFI) that adapts to market conditions by using dynamic volatility and volume thresholds. It improves volume analysis by reducing false signals in low-volatility environments and adjusting sensitivity during high-volatility periods. Key features include: Dynamic volatility cutoff using ATR to adjust sensitivity based on market conditions. Adaptive volume cap that adjusts to the asset’s average volume, avoiding skewed signals. Customizable smoothing methods with options for EMA or SMA. Improved noise filtering, making it more reliable in sideways or low-volume markets. The AVFI helps identify trend strength, volume-driven price movements, and potential reversals, offering a more accurate and adaptable tool for traders.
MCX:GOLD1!
by TradeTrendsPro
XAU/USD 07 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. As highlighted in my analysis dated 31 October 2024: We should remain aware that the daily timeframe has been showing early signs of a potential bearish pullback phase initiation, suggesting that price could print a bearish iBOS despite H4 internal structure being bullish. This printed as anticipated, with price printing a bearish iBOS that also confirmed the swing structure. Price is now trading within an established swing range. Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the start of a bullish pullback phase. Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As detailed in yesterday's intraday analysis dated 06 November 2024, I noted that price was expected to target the weak internal low. Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS. Following this, price has printed an additional bearish iBOS and a bullish CHoCH, confirming the internal range. Intraday Expectation: Price is anticipated to target the weak internal low after reacting from either the premium of 50% EQ or the M15 supply zone. Note: Considering the Fed’s softer stance, and rising geopolitical tensions, price volatility is likely to remain elevated. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold price analysis November 7Fundamental Analysis Gold (XAU/USD) extended losses for a second straight session on Thursday. The dollar-denominated precious metal faced downward pressure from a stronger US dollar (USD) following former President Donald Trump’s victory in the US election. Gold prices are under pressure as safe-haven flows ease amid market optimism and the “Trump trade”. The move was driven by the apparent victory of the president, while the market had previously anticipated a controversial outcome. The US Federal Reserve’s (Fed) policy decision will be in focus on Thursday. Markets expect a modest 25 basis point rate cut this week. This could be supportive for Gold as lower interest rates reduce the opportunity cost of holding non-yielding assets. The CME FedWatch tool shows a 98.1% chance that the Fed will cut interest rates by 0.25 percentage points in November. Technical Analysis After yesterday's sharp decline, Gold is being adjusted slightly higher at the beginning of today's Asian trading session. Pay attention to the 2677 port area for SELL strategies in the Asian and European sessions. The 2625 and 2603 support areas become key support levels and also become TP zones for SELL signals. The psychological port breakout zone of 2700 becomes an important resistance zone at the moment when Gold prices have some retests.
OANDA:XAUUSD
by TVS-Trader
2
XAUUSD - gold waiting for the Federal Reserve meeting!Gold is below the EMA200 and EMA50 in the 4H timeframe. In case of an upward correction by the FOMC today, we can see a supply zone and sell within that zone with a suitable risk reward. Donald Trump’s victory in the Tuesday presidential election could alter the economic outlook of the United States and influence the Federal Reserve’s policies in the coming months. Concerns about how much pressure Trump might exert on the U.S. central bank in his second term have resurfaced. In his campaign, Trump has pledged to impose stricter tariffs on America’s trading partners, deport millions of unauthorized immigrants, and extend the tax cuts approved in 2017. If these policies are implemented, they could exert upward pressure on prices, wages, and budget deficits, creating significant challenges for the Federal Reserve. Under these circumstances, the Federal Reserve will face increased obstacles in achieving its 2% inflation target while maintaining employment levels. Furthermore, if Trump continues his pattern of public criticism of Jerome Powell, the Fed chair, the U.S. central bank may find itself under political scrutiny. The Federal Reserve officials have decided to lower interest rates by 25 basis points today, following a half-point reduction in September. The September forecasts indicate another quarter-point cut for December and a full one-percentage-point cut planned for 2025. Following the rate announcement, Powell is likely to address questions in a press conference about the impact of the election on Fed policies. During Trump’s first term, he faced repeated criticism from him, and recently, Trump has criticized Powell for delays in policy decisions.
FOREXCOM:XAUUSDShort
by Ali_PSND