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GOLD/ XAUUSD/ LONG/BUY🔰 Pair Name : GOLD/ XAUUSD 🔰 Time Frame : HOUR/DAILY 🔰 Scale Type : MID/LONG SCALE 🔰 Direction: LONG/BUY Technical View 📈: Gold has recently broken a significant downtrend, indicating a potential trend reversal. 🔄 Currently, it appears to be undergoing a final retest on the daily supply zone, which has been breached. This suggests that the price may be headed higher to complete the CD leg of a Gartley pattern. 📈 Notably, the price has reached the fib level of 78.6% and is attempting to retest the 61.8% area, approximately around 1973. We expect the price to continue its upward movement after a successful retest in the 1973.9 - 1970 area. 🚀 A key level to monitor closely is the daily supply zone at 1985. If this level is firmly breached to the upside today, it could trigger a significant upward move in the price. 🎯 Fundamental Considerations 📊: Regarding fundamental factors, there have been recent discussions about higher interest rates, which could impact the U.S. dollar's strength and affect gold prices. 💵 However, the recent Federal Reserve rate hike did not lead to major changes, and some market participants believe it may have been somewhat unnecessary. This has created a sense that we may have seen the last rate hike of this cycle, especially as inflation has eased to 3% and rates have reached their highest levels in 22 years. The Fed's stance appears to be less urgent than in previous meetings, leading to cautious optimism in the markets regarding inflation control and a potential path towards lower rates. 🤞 Please note that trading involves risk, and it's essential to conduct thorough analysis and implement proper risk management strategies when making trading decisions based on technical and fundamental factors. ⚠️🛡️ Happy trading! 🚀💰
TVC:GOLDLong
by Moon_SmartMoney
The Power of PatienceThe Power of Patience: Long-Term Investing Introduction In the fast-paced world of investing, where market volatility and hype can easily sway decisions, there's one timeless lesson that stands the test of time: the power of patience in long-term investing. In this blog post, we will explore the significance of adopting a long-term investment approach and the benefits it offers to investors who embrace patience as their ally in wealth-building. Understanding Long-Term Investing Long-term investing is an investment strategy focused on holding assets for an extended period, typically years or even decades, to capitalize on the power of compounding and ride the wave of the market's long-term growth. Unlike short-term trading, which aims for quick gains, long-term investing takes a patient and steady approach, emphasizing fundamental analysis and faith in the underlying value of assets. The Benefits of Patience in Long-Term Investing Harnessing the Power of Compounding: Patience allows investors to benefit from the magic of compounding, where investment returns generate additional returns over time. Compounding can significantly amplify wealth accumulation, especially when reinvesting dividends and capital gains. Weathering Market Volatility: Financial markets are inherently volatile, with short-term fluctuations driven by various factors, including economic news and geopolitical events. By staying patient and maintaining a long-term perspective, investors can ride out market fluctuations without being swayed by short-term noise. Reducing Transaction Costs: Frequent trading incurs transaction costs, such as brokerage fees and taxes, which can eat into returns. Long-term investors minimize these costs by holding assets for more extended periods, leading to better overall returns. Opportunity to Invest in Growth: Long-term investors have the luxury of being less concerned about short-term market movements. This freedom allows them to invest in growth-oriented assets and industries with the potential for substantial long-term gains. Benefiting from Dividends: Patience pays off when it comes to dividend investing. Many established companies offer regular dividends to shareholders. By holding on to these stocks for the long term, investors can enjoy a consistent income stream. Keys to Successful Long-Term Investing Invest in Strong Fundamentals: Focus on companies with solid financials, strong management teams, and a competitive advantage in their industries. Fundamental analysis provides insights into the long-term viability of potential investments. Diversify Your Portfolio: Diversification is a critical risk management tool. Spread your investments across different asset classes, sectors, and geographies to reduce the impact of individual asset volatility on your portfolio. Avoid Emotional Decision-Making: Emotions can lead to impulsive decisions in the face of market fluctuations. Stay committed to your long-term investment plan and avoid making knee-jerk reactions to short-term market movements. Regular Portfolio Review: While long-term investing involves holding assets for years, it's essential to periodically review your portfolio's performance and reassess your investment thesis. Conclusion Long-term investing with patience as its cornerstone is a time-tested strategy that has proven successful for countless investors over the years. By embracing the power of compounding, weathering market volatility, and staying committed to sound investment principles, patient investors have the potential to build substantial wealth and achieve their financial goals. So, take a deep breath, adopt a long-term perspective, and let the power of patience work its magic on your investment journey. Happy investing!
NASDAQ:TSLAEducation
by MindOverMarket
DXY | JPY | CREDIT EVENT | DECRYPTERS Hi People Welcome to Team " DECRYPTERS" SO we Have 3 Main events this Week Lets Get A DEEP DIVE IN TO THEM 1- FED :- FED RATE HIKES ( PRICED IN ) + PRESS CONFERENCE ( HAWKISH ) AS we predicted Last time what Ever Happen Rate hikes will be increased we still stand by our words . Lets go further Either we are Getting 50 BPS This time or We are Getting 25 BPS next time WHY Is That So ... ?? The Attached Charts shows the overall level of financial conditions in an economy The conditions are on Same levels When FED was ABOUT to hike Rates Meaning . Further more —Dot plots , Fed curves ,GSUSCFI Index and Bloom Berg Index & Fall in Credit spread "ALL" Indicating ease in financial system Meaning this Data provide Evidence that FED Can increase More Interest Rates As Credit spread also falling to positive signal for economy — Rise In commodity Prices Like (RBAB Gasoline) Indicates more higher Prices in Energy sectors. — Lastly Good inflation trading above 20 years average & CPI Also printing higher on Y/Y Basis. 2- EURO RATE HIKES :- THIS comes With same Expectations Rate hikes + Hawkish Stance with & Lagarde speech. Lets Discuss JPY NEWS ON FRIDAY 3- BOJ REPORT :- A surprise can be Expected From Other Side Like They can Increase the range of "10 -years JGB" 50 BPS TO 75 /100 BPS ( BOND BUYING BACK PROGRAM) This will Cause bonds Prices to Rise / Yields to Fall & "JPY TO GET WEAKEN" —Other yield can React Negatively To IT ( LIKE US -10 YEAR)
FRED:NFCI
by DECRYPTERS
Breakout of 8 years chartoftheweak considering "MARKSANS PHARMA LTD" 1) studying weakly chart (long term) 2) eight years breakout 3) formation of #cupandhandle #patter 4) July 2015 to July 2023 time taken for pattern breakout 5) Cup bottom is very low 570% down compare breakout line 6) #fibretracement plot on this Cup and handle pattern exactly match breakouts of support and resistance 7) keeping stop loss of 98 8) upside level 153 short term 9) long term 240& 325 No recommendation for buy and sell I'm not professionalists just Learning
NSE:MARKSANSLong
by investigationofchart
1
AVAX Will Re-enter Price Discovery - FOREX mkts on Spruce NodeBack in April some news dropped, not sure if any major TA heads noticed. Serious FA (Fundamental Analysis) news: T. Rowe Price Associates, WisdomTree, Wellington Management, and Cumberland are all on Avalanche Testnet "Spruce". Part of the Evergreen Subnet ecosystem. Blockchain settlement, tokenized equity / credit issuance, trading, and fund management are being tested to see whether they can conduct FOREX transactions without losing capital. Looks like the news got sold.. time to buy. As always, entertainment only. Not financial advice.
Long
by D4NKM4CH1N3
2
The likelihood of a recession in the US is declining. Goldman Sachs sees a decline in the likelihood of a recession in the US over the next year from 25% to 20% thanks to encouraging economic data: improving consumer sentiment and slowing inflation, writes Business Insider. The bank expects only one and the last rate hike by the Fed and is quite optimistic about a "soft landing" for the US economy. The Fed's sharp rate hike for more than a year has raised fears of a "hard landing" as the economy slumps as it fights to bring inflation down to its 2% target. However, according to the latest data, consumer inflation in the US has already reached 3%, down from 9% a year ago. At the same time, fundamental signals point to further disinflation: “Used car prices are falling on the back of rising car production and inventories, and rent inflation still has a long way to go before it catches up with the median asking rent, while the labor market continues to recover from continuing downward trend in vacancies, layoffs, labor shortages and rising nominal wages.”
TVC:DXY
by aleksandr_shirin
Head and shoulders pattern Elgi equipment company one of the leader in compressor Product Offerings The Co. manufactures a wide range of oil-lubricated and oil-free air compressors including Screw Compressors, Piston Compressors, Rotary Screw Compressors, Reciprocating Compressors and Centrifugal Compressors. It also offers diesel-powered Portable Screw Compressors, Railway Air Compressors, Heat Recovery Systems, Medical Air Compressors, Dryers, Air Receiver Tank and other Air Accessories.
NSE:ELGIEQUIPLong
by investigationofchart
$MNDY Setting up below a major pivot. MNDY looks healthy and is possibly setting up. The setup: 52-week high breakout above $187 pivot Late Jan, it came above the 200dsma and rode the 21-day ema for about a 25%-30% move then started to drifted back in undercutting the 200dsma for four days in early May. This four day undercut traded on above average daily volume without further progress to the downside, this can be interpreted as supporting action. A week later the stock gapped up on 5/15 due to earnings announcement and put in an HV1 (highest volume traded in 1 year). It hasn't closed the gap and found support at the 50dsma. Relative strength is also lifting nicely. $187 is a significant pivot when viewed on a higher time frame (look at the weekly). Breakout traders might consider this actionable above $187, especially if it's followed by volume. Risks: There is clear overhead supply from 2021. (obstacle to become a ML) The company has negative earnings Revenue growth is decelerating A breakout might result in a nice 10%+ opportunity with decent risk management below the recent multiday tight consolidation around $174 (~7%). A pullback and hold of the breakout would be confirmation of a stage 2 uptrend.
NASDAQ:MNDYLong
by greenmtns
3
US budget.From the report on the execution of the US budget published on Thursday, July 13, it follows that in June its expenses rose nearly $100bn on a basis yoy (+15% yoy) to $646bn, while revenues from tax revenues decreased by 9.2% yoy to $418 billion. Against this background, the rolling 12-month the value of tax revenues to the US budget decreased by 7.3%, which was a record value since June 2020, when the country plunged into covid lockdowns. Thus, the US budget deficit in June rose to $228 billion from $89 billion a year earlier. Economists' consensus forecast suggested that the figure would be "only" $175 billion. For the nine months of the current fiscal year, the cumulative budget deficit of the United States was $ 1,393 trillion, which is the third record value in history (this figure was higher only in fiscal 2020 and 2021) The sharp increase in interest payments on the US government debt also inspires significant concern. According to the St. Louis Fed, in the first quarter of calendar year 2023, this figure was $928.93 billion in annual terms. After 12 months, due to the effect of higher interest interest rates on US government debt could reach $1.3 trillion in annual terms. In this case, interest payments on public debt will become the largest item of US spending, ahead of social insurance. All this creates a vicious circle, the way out of which is not obvious: the rise in the US budget deficit increases the need for new and larger borrowings. This, in turn, provokes an increase in market interest rates (investors require a higher risk premium), which in turn raises the risk of a recession. And this, not to mention the prospects for a long-term destabilization of the dollar and, as a result, the global financial system. Sources.
TVC:DXY
by aleksandr_shirin
CNN: Bulls and bears clash in a brutal battle on Wall Street.The views and feelings, as well as the understanding of the current situation, are so divided among bulls and bears that it is more and more like a political landscape. The stock market rally has sparked a war of controversy of unprecedented magnitude. The bottom line is that AI-related Big Tech shares are indeed growing faster than the rest of the market. If you take a basket of AI-related stocks and compare it to the rest of the SP500, the lines will move in completely opposite directions. And now the difference between them has become simply huge. The accumulated steam must go somewhere. And the most important question is "when will it happen???". Source: CNN.
VANTAGE:SP500
by aleksandr_shirin
Retail investors did not believe in artificial intelligence.The reason for the revival of the US stock market was the explosion of interest in AI. The market is up nearly 25% since its October low. Most interestingly, retail investors did not show active interest according to sources US retail investors were selling US tech stocks. And even more interesting is that, based on the analysis of historical data, experts draw the following conclusion - the lack of interest of retail investors in new developments is a good sign. Whenever their interest in something new was at a minimum, this "new" had a beneficial effect on the market. That is, we expect further growth.
VANTAGE:SP500
by aleksandr_shirin
Exciting Breakdown for Traders: Exploring Litecoin (LTC)Exciting Breakdown for Traders: Exploring Litecoin (LTC) Litecoin (LTC) is currently trading at $101.04. In terms of other cryptocurrencies, LTC is priced at 0.0032 in Bitcoin and 0.05050 in Ethereum. The price has experienced a 1-hour range of $99.31 to $104.18 and a 24-hour range within the same boundaries. The real volume of LTC traded over the past 24 hours amounts to an impressive $589M, with reported volume slightly higher at $619M. The volume overstatement ratio stands at 1.0, indicating accurate reporting. The volume turnover rate for the past 24 hours has reached 7.95%. Litecoin has demonstrated impressive returns on investment (ROI) over the years, showcasing its potential as a valuable asset. In 2020, LTC recorded a staggering ROI of +199.07%, and in 2017, it skyrocketed by an astonishing +4974.24%. While 2018 witnessed a decline of -86.64%, Litecoin remains an asset to watch closely for potential gains. Risk assessment is crucial for traders, and Litecoin showcases favorable risk metrics. The Sharpe ratio, which measures risk-adjusted returns, stands at 3.42 for the past 30 days. Over the past year, it has been consistently positive, with a ratio of 1.30. Volatility has been relatively moderate, with a 30-day volatility index of 1.17. The reported marketcap for Litecoin currently stands at $7.41B, while the outstanding marketcap is slightly higher at $7.45B. The realized marketcap, reflecting the value actually experienced by investors, is $6.96B. Over the short term, LTC has experienced a minor decrease of -0.24% in the past 24 hours. However, the coin has shown strength over longer periods, with gains of +3.20% in the last 7 days, +38.60% in the last month, and a notable +97.72% over the past year. These figures highlight the potential for favorable returns. Litecoin reached its all-time high (ATH) of $410.14 on May 10th, 2021. Since then, it has retraced approximately -75.36%. However, it's essential to note that LTC has rebounded strongly from its cycle low of $40.56 on June 14th, 2022, achieving an impressive +149.12% increase since then. Litecoin boasts a current circulating supply of 73,346,939.23 coins, with an outstanding supply of 73,355,958.26 coins. The active supply indicates vibrant market participation, with significant amounts of LTC actively traded over different time frames, ranging from the past 24 hours to the past 10 years. The supply distribution showcases a diverse ownership structure. Litecoin's mining network exhibits a hashrate of 0.81 kH/s, with approximately 8.76% of the hashrate available on NiceHash. The average difficulty level stands at 25,873,511, indicating the competition among miners. The Litecoin network boasts 8,651,345 addresses, reflecting widespread adoption and usage. Notably, there are 116 addresses holding a balance greater than $10 million, demonstrating significant institutional participation. The number of addresses with a balance above $1 million, $100,000, and other thresholds further underlines the coin's wide ownership. Network Activity Litecoin's network exhibits a bustling transaction volume, with $1.34bn in transactions conducted over the past 24 hours. The number of transactions and block-related statistics showcases the active engagement of participants. Litecoin's Strength Amidst this exciting breakdown, it's crucial to note that Litecoin is exhibiting real signs of strength, with positive returns, favorable risk metrics, and a robust level of network activity. The coin's historical performance, coupled with its current market indicators, make it an asset worth considering for potential trading opportunities. Remember, as with any investment, it's essential to conduct thorough research, analyze market conditions, and consider your risk appetite before making trading decisions. Happy trading!
Long
by DaCryptoRaccoon
MULN: Price Surges from .10 to .17 - Key Insights for tradersMULN, a prominent stock in the market, has experienced a significant surge in its price today. Starting at 10 cents, the stock quickly climbed to 17 cents during regular trading hours and continued its upward momentum, reaching 19 cents after hours. This dramatic price movement has caught the attention of traders and investors. Let's explore the factors behind this surge, utilizing information from various sources, including Mullen's official website, to provide valuable insights for traders. 1. Positive News Catalysts: Mullen Automotive, the company behind MULN, recently made an announcement regarding the sale of 22 electric vehicle (EV) cargo vans to Randy Marion Automotive Group. According to Mullen's official website, this sale will generate sales revenue to be recognized in the upcoming 10-Q report. Such positive developments contribute to the growing confidence in MULN's business operations and revenue potential. Traders should consider the impact of these sales on the company's financial performance and investor sentiment. 2. New Vehicle Sales and Market Expansion: The sale of EV cargo vans to Randy Marion Automotive Group signifies MULN's success in expanding its market presence. By securing deals with notable customers, MULN demonstrates the growing demand for its EV offerings. Traders should monitor Mullen's official website and other reliable sources for further updates on new vehicle sales, strategic partnerships, and expansion plans, as these factors can significantly impact the stock's performance. 3. Price Analysis and Support/Resistance Levels: - Support Levels: 1. Immediate Support: Around 16 cents, the stock has displayed buying interest, bouncing off this level. Traders should closely monitor this level as a potential support zone. 2. Stronger Support: Near 14 cents, we can observe a significant level of support where the stock has historically found considerable buying pressure. This level could act as a stronger support area if the stock experiences a deeper pullback. - Resistance Levels: 1. Immediate Resistance: The chart indicates resistance near 18 cents, where the stock encountered selling pressure in recent price movements. Traders should closely watch this level as a potential barrier for further upward movement. 2. Stronger Resistance: Around 20 cents, we can observe a significant resistance level. The stock has faced challenges breaking through this level in the past. A sustained move above 20 cents could signal increased bullish momentum. - Moving Averages: 1. The 50-period Moving Average (MA): Currently, the price appears to be above the 50-period MA, suggesting a potential short-term bullish bias. Traders can monitor the relationship between the price and this moving average for potential shifts in sentiment. 2. The 200-period Moving Average (MA): The price's position relative to the 200-period MA can provide insights into the stock's long-term trend. Traders should monitor whether the price remains above this moving average for indications of a positive long-term outlook. Conclusion: MULN's price surge from 10 cents to 19 cents today has sparked significant interest among traders. By analyzing information from various sources, including Mullen's official website, positive news catalysts such as new vehicle sales and market expansion, and technical analysis, traders can gain valuable insights into MULN's potential. Conducting thorough research, staying updated with news articles, and referencing Mullen's official website will empower traders to make well-informed decisions aligned with their investment goals. News: 1. Mullen Announces the Sale of 22 EV Cargo Vans to Randy Marion Automotive Group; Sales Revenue to Be Recognized in Upcoming 10-Q news.mullenusa.com 2. Mullen Automotive Inc.’s latest rating changes from various analysts knoxdaily.com 3. Mullen Automotive’s stock rockets on record volume after EV maker vows to ‘take action’ against naked short sellers www.marketwatch.com
NASDAQ:MULNLong
by maybethatguy
Reporting is not the end of life. We need to look further.The reporting season for the second quarter begins this week. All investors will want to know about the state of companies and their economies. Earnings included in the SP500 are projected to decline by approximately 7.6% year-on-year. This will be the third consecutive quarter of decline and the largest decline in earnings reported by the broad-based index after a loss of approximately 32% in the second quarter of 2020. But investors will be watching even more closely to see what companies forecast for their financials and the economy as a whole. This will be more important than looking back on earnings results to determine whether this year's rally can continue and whether the economy is headed for a downturn. The S&P 500 is up about 16% for the year, driven by the artificial intelligence hype that propelled tech stocks to sky-high heights and an economy that has remained resilient despite the Federal Reserve's aggressive pace of interest rate hikes. The economy showed no signs of slowing down this year. Gross domestic product, the broadest measure of economic output, rose at an annualized rate of 2% in the first quarter, compared with a second estimate of 1.3% reported last month. Some investors say the strength of the economy could begin to wane as the Fed continues to raise interest rates and consumers draw on savings built up in the midst of the pandemic. Source: CNN
TVC:DXY
by aleksandr_shirin
WKHS: Bullish Signals Galore as Volume Surges and Key IndicatorsHello Traders! Today, let's dive into Workhorse Group Inc. (WKHS). With a recent spike in volume and several bullish indicators aligning, WKHS seems to be attracting attention. Let's take a closer look at the technical analysis and key signals driving this potential trade. 📈 Price Action and Volume: WKHS is currently trading at $1.05, displaying an intriguing price level for both short-term traders and long-term investors. The recent surge in volume suggests increased interest in the stock, adding to the excitement surrounding WKHS. 📈 Relative Strength Index (RSI): The RSI is a powerful momentum indicator used to gauge overbought or oversold conditions. In the case of WKHS, the RSI is on the rise, indicating growing bullish strength. This upward trend in RSI suggests that buyers are stepping in, potentially driving the stock's price higher in the near term. 📈 Positive Directional Indicator (+DI) Crossed Over Negative Directional Indicator (-DI): The +DI crossing over the -DI is a classic bullish signal derived from the Directional Movement Index (DMI). This crossover indicates a shift in momentum from bearish to bullish, potentially pointing to an upward trend in WKHS. Traders often consider this signal as a buying opportunity. 📈 Moving Average Convergence Divergence (MACD) Histogram: The MACD histogram is an essential tool for identifying changes in a stock's trend. Currently, WKHS is showing a heavy bullish MACD histogram, indicating a strong buying presence in the market. This bullish momentum, combined with the increasing volume, could contribute to further price appreciation. 📈 Average Directional Index (ADX): The ADX measures the strength of a stock's trend. As the ADX starts to rise, it suggests the possibility of a new trend forming. With WKHS, the ADX is starting to rise alongside the bullish signals mentioned earlier, reinforcing the potential for a sustained upward movement. 📊 Conclusion: In summary, Workhorse Group Inc. (WKHS) presents an exciting trading opportunity. The recent spike in volume, coupled with the rising RSI and the +DI crossing over the -DI, indicates a shift towards a bullish momentum. Furthermore, the heavy bullish MACD histogram and the ADX beginning to rise with the trend all add to the positive outlook for WKHS. As always, it is essential to conduct thorough research and perform your own analysis before making any trading decisions. Keep a close eye on WKHS as it develops and consider incorporating these signals into your trading strategy. Best of luck, and may the markets favor your trades! 📈💪 News: Workhorse Group Engages Burr Truck and Trailer Sales as its First Distribution and Service Partner in New York - 7/12/23 finance.yahoo.com EV Roundup: RIDE Files for Bankruptcy, WKHS Hits Milestones & More - 7/3/23 finance.yahoo.com Workhorse (WKHS) Commences Production of W750 Electric Van - 6/28/23 finance.yahoo.com
NASDAQ:WKHSLong
by maybethatguy
Everyone is worried about the prospects for inflation.This week, companies in the US will report on how much profit or loss they have made. Of course, most likely it will be about profit. And these data will tell the experts what dynamics of inflation is expected. Many experts are sure that the received profit is closely connected with the future indicators of inflation. Inflation is finally coming down. But consumer goods prices continue to rise, and just as fast. Earlier, the Fed chairman said that wage growth should slow down to reduce inflationary indicators. But at the same time, some experts point to another culprit: corporate profits. The International Monetary Fund also claims that half of inflation is due to corporate profits. This week will be published two major indicators of inflation in the US - the consumer price index on Wednesday and the producer price index on Thursday. Friday morning earnings reports for the second quarter start with reports from JPMorgan Chase, Wells Fargo, Citi and Blackrock. Source: CNN
TVC:DXY
by aleksandr_shirin
Check out this week's events:11.07 EUR German Consumer Price Index (CPI) (MoM) (June). 11.07 USD Short-term forecast of the situation on the energy markets from the EIA. 12.07 NZD Interest rate decision 12.07. 15:30 USD Base index. Consumer Prices (CPI) (MoM) (June) . 12.07 USD Consumer Price Index (CPI) (MoM) (June). 12.07 USD Consumer Price Index (CPI) (YoY) (June). 12.07 CAD Interest Rate Decision . 12.07 USD Crude oil reserves. 13.07 GBP GDP (MoM) (May) . 13.07 USD The number of initial applications for unemployment benefits. 13.07 USD Producer Price Index (PPI) (MoM) (June).
TVC:DXY
by aleksandr_shirin
2