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XAU / USD ! Sideway to growth over 2531 soonXAU / USD trend forecast August 29, 2024 "Gold prices (XAU/USD) are recovering on Thursday after hitting weekly lows below $2,500 per troy ounce. Expectations of US interest rate cuts could boost gold demand, as lower rates decrease the opportunity cost of holding non-yielding assets like gold. Political uncertainty in the US, geopolitical tensions in the Middle East, and global economic worries also support gold's upward trend. However, a stronger US Dollar could pressure gold prices, making it more expensive for international buyers. Investors will focus on the second estimate of the US Q2 GDP on Thursday for insights into the Fed’s rate cut pace. Additionally, July's US Personal Consumption Expenditures (PCE) Price Index data, due Friday, will be closely watched." The longer the sideway accumulation - the stronger the breakout. Wait for XAU to touch new ATH in late August 2024 /// SELL XAU : zone 2540-2543 SL: 2548 TP: 50 - 150 - 250 pips (2518 ) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
3
XAU !! Try to surpass ATH by the end of August 2024⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices surged past $2,500 per ounce on Wednesday, driven by rising tensions in the Middle East. Fed Chair Jerome Powell's recent comments at Jackson Hole, hinting at imminent rate cuts, also boosted the metal, as lower rates make gold more appealing by reducing the cost of holding it. Investors are now looking to Fed officials Christopher Waller and Raphael Bostic, who will speak on Wednesday, for further clues on interest rates. Attention will then turn to the Q2 GDP and PCE data due later this week. Stronger-than-expected results could strengthen the US Dollar and limit gold's gains. ⭐️ Personal comments NOVA: The movement in the price fluctuation range above $2,500 creates very good momentum for Gold with a high possibility of reaching a new ATH. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2495 - $2493 SL $2488 TP1: $2500 TP2: $2515 TP3: $2530 🔥SELL GOLD zone: $2557 - $2559 SL $2564 TP1: $2550 TP2: $2540 TP3: $2530 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
6
SWING IDEA - IEXIndian Energy Exchange (IEX) is exhibiting promising technical signals that suggest a potential swing trade opportunity. Reasons are listed below : 170 Zone as New Support : The 170 level was previously a resistance zone and has now turned into a support level, indicating strong buying interest. Hammer Candle on Weekly Timeframe : The formation of a hammer candle on the weekly chart suggests a potential reversal, signaling a shift from a bearish to a bullish trend. 0.5 Fibonacci Support : The stock has found support at the 0.5 Fibonacci retracement level, indicating a potential bounce and continuation of the uptrend. Trading Above 50 and 200 EMA on Weekly Timeframe : IEX is trading above the 50 and 200-week exponential moving averages, confirming the bullish sentiment and providing strong support levels. Breaking Consolidation Phase of 2+ Years : The stock is breaking out of a long consolidation phase that lasted over two years, signaling the start of a new bullish trend. Target - 205 // 245 // 300 Stoploss - weekly close below 155 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:IEXLong
by Visionary_Growth_Insights
11
SWING IDEA - WELSPUN LIVING Welspun Living , a leading company in the home textiles sector, is presenting a compelling swing trading opportunity based on several key technical indicators. Reasons are listed below : Head and Shoulder Pattern Breakout : The price has broken out of a head and shoulder pattern, indicating a bullish reversal and potential for further upward movement. 170 Resistance Zone Breakout : The 170 level was a significant resistance zone. The price has broken out above this level and is sustaining, indicating strong bullish momentum. Bullish Marubozu Candle with a Strong Close : The recent formation of a bullish marubozu candle with a strong close signifies strong buying pressure and suggests potential for continued upward movement. Breaking 3+ Years of Consolidation : The stock is breaking out of a long consolidation phase that lasted over three years, signaling the start of a new bullish trend. Gradual Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Target - 200 // 250 Stoploss - weekly close below 145 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:WELSPUNLIVLong
by Visionary_Growth_Insights
8
NVDA New ATH Inbound Technical reasons for a move to the upside are as follows 1 - 1 Fib Extension gives us $155 TR Pocket pull gives us $154 - $157 for more confluence, and finally we have Pivots at $152. All aligning in the same region I expect price to eventually gravitate to the upside . Not necessarily all on earnings day but never say never . Market structure is also in a bullish uptrend HTF. With that in mind we have these strong technicals/confluence to expect all time highs to be taken out $140.76.*ATH come Earnings Release. I dont advocate blindly longing up here though as the last opportunity to long was back in July but if you trade the INDEX Futures then you can use this as a potential compass into taking a Long * NQ for example . I dont look at Fundamentals but it was brought to my attention that the CEO has been selling vast amounts of stock which is publicly displayed if you care to investigate . So its possible that he knows something that we dont and maybe the results that are announced tomorrow dont meet expectations . if thats the case then of course be prepared for a move to the downside before continuation to the upside but bear in mind that NVDA have beaten expectations 4 X previously and have lucrative partnerships in the tech space and AI is still in its infancy so anything can happen . I remain bullish on the sector and NVDA especially Results are announced after market close Wed 29 Share and Like to support my work
NASDAQ:NVDALong
by SJTRADESFUTURES
2
EUR/USD Long: Strategic Entry Amidst Bullish Momentum EUR/USD Long Position Targeting Sunday Open Setup Overview: This trade is based on a 30-minute chart where EUR/USD is positioned for a potential bullish move. The pair has recently shown strong support at the lower zone, and I’m targeting a rally towards the Sunday open, which aligns with the upper resistance level visible on the chart. Key Levels: • Entry: The trade is entered near the support zone, capitalizing on the recent retracement and aiming for a bounce back. • Target: The Sunday open level, which corresponds with the upper green zone on the chart, indicating potential profit-taking. • Stop-Loss: A stop-loss is set just below the recent low, indicated by the red zone, to manage risk and protect the position in case of a downward move. Rationale: The recent price action suggests a consolidation phase, with a bullish breakout likely as we approach the weekend. The trade strategy is built on the expectation that the EUR/USD will rebound off the support and head towards the Sunday open, where previous price action has shown resistance. Risk Management: With a well-defined stop-loss and a clear target, this trade maintains a favorable risk-to-reward ratio. The setup is designed to capture the upside potential while minimizing downside risk.
Long
by AR33_
6
Will BTC Push Up Soon? The Key Level is at 65000.00 !!! I will be looking for LONG opportunities on BTC after the resistance level at 65000.00 has been broken and thereafter forms an upward confirmation Break of Structure(BOS) signal, and the two reasonable take profit levels are set as "TP1" at 70000.00 and "TP2" at 72000.00, shown on the 8H Chart. At the moment, BTC is consolidating locally. It seems that the market needs to grab more liquidity from supporting areas down below in order to push up later and the 8H green Demand Zone can be a potential area for that. If the "Caution level" at 58000.00 below the 8H Demand Zone has been broken first, then new analysis on BTC will be made.
Long
by ForextWaveTrading
A LONG's Chart so much better than Gold at the moment. See below This is a Silver play XAG JPY. Earlier today in the Asian session I noticed some momentum in its price for Longs. Then when I pulled up the Daily I saw the recent negative bearish sell-off on the Daily in relation to the TOPPING formation. But this bearish pattern has completed and price is snapping back. But it gets better!! On this daily chart notice my yellow 9ema which is almost vertical in nature at the moment. Once it crosses the dark blue 50ema a lot of buy orders will trigger and this will then become a very strong BUY opportunity. We are about 0.6% away from the cross. Further, I do not like the Gold chart at present for Long-entries. There is possible further price weakness in gold and of course this could drag down precious metals in general. However, the Silver price is diverging away from gold a bit and is much stronger in its price action at the present. I have an alert set. I will keep you posted. regards, Chris.
EIGHTCAP:XAGJPYLong
by Easy_Explosive_Trading
BNB VS TON Friends, let's take a look at the market situation for two popular cryptocurrencies — BNB (Binance Coin) and TON (Toncoin). The charts show that both coins have very similar price movement structures, which could indicate potential opportunities. If we analyze the mechanisms of these coins, they are almost identical, but the TON chart lags behind BNB. Despite the news about Telegram, I see a lot of potential in the TON coin and expect its price to exceed $10 this fall. I’ve shown why I believe this on the chart.
Long
by Du_Trade
Trading Idea of week 35 - S&P500 - TradingMasteryHubWelcome to the TradingMasteryHub Trading Ideas! Are you ready to gear up for the upcoming week? Join us as we dive into a detailed analysis to uncover top trading opportunities that could potentially boost your trading account. We’ll break down our strategy, defining precise Entries, managing Risk, and pinpointing the optimal Exit zones—steps that can transform your trading performance. Whether you’re just starting out or looking to fine-tune your approach, these insights are crafted to help you on your path to mastering the markets. S&P 500 Poised to Break New All-Time Highs! The S&P 500 has climbed back above its long-term uptrend (green trend line) that’s been in play since early November 2023. The current all-time high (ATH) of 5,680.4, set on July 16th, also marked the beginning of a mid-term downtrend (red trend line). However, two weeks ago, we witnessed a significant breakout from this downtrend, accompanied by high volume, which also reestablished the long-term uptrend. The last four trading days have been range-bound between key support (green) and resistance (blue) zones, with a stable volume profile (orange box) in between. If the price manages to break through the key resistance zone (blue), new ATHs are highly likely. This presents a clear and compelling trading opportunity that we’re excited to share with you. How to Turn This into a 5-Star Setup! Before we rush into a trade, excited by the prospect of bullish momentum, it’s crucial to do our homework. This means waiting for multiple confirmations before entering the trade: 1. The Trend is Your Friend: The chart shows different trends depending on the time frame. We’re trading on a 15-minute chart, where the uptrend is clear. But we also need to confirm that the higher time frame (above our execution trend) is in an uptrend and not in a consolidation phase following a longer-term downtrend. - Box Checked: We saw a breakout from the mid-term downtrend on August 15th with high volume (RVOL > 3) and a 15-minute close above the last higher low of that downtrend on August 19th, also with high volume. 2. We Need New Bullish Momentum: To hit new ATHs, we require strong buying pressure. This could come from a catalyst like favorable news (e.g., interest rate cuts by the Fed) or a technical breakout above the key resistance zone (blue). - Box Checked: We’ll look for a 15-minute close above the blue zone, RVOL > 3 at the breakout, and ideally, a U.S. market opening above the previous day’s Volume Profile high to confirm a trending day. - Plus: Price must be above both the session VWAP and 2-day VWAP. - Bonus: An additional catalyst in the form of a market-moving news event. 3. We Need Patience: Only when all the above criteria are met should we enter the trade. - Entry: After a 15-minute candle closes above the blue zone, but only if the risk/reward ratio is >1.3 up to Target 1. - Risk Management: Stop Loss (SL) at 5,624.7, just below Friday’s Pivot R1 minus 6 points for market noise. Take Profit (TP) Target 1 is set at 5,678, just below Pivot R2 (also the 1.618 Fib Extension), where we’ll scale out 50% of the position and move the SL to the entry level, making the trade risk-free. - Profit Target 2 (50%): This will likely be around 5,730, just below the 2.618 Fib Extension. If we don’t see new ATHs, TP Target 2 will be triggered by a close below the highest green 15-minute candle. 4. We Need Discipline: Trading only when all conditions are met will give us an edge in the long run. - Discipline: Sticking to your rules is crucial for consistent trading. Without discipline, you lose the ability to analyze and refine your edge, leaving you at the mercy of emotional decisions. 5. We Need to Review Our Trades: Keeping a Trading Journal is essential for learning from both mistakes and successes. We’ll provide another e-Learning session focused on this vital topic. A simple journal can significantly improve your trading. Always Have a Plan B! Sometimes Plan A doesn’t play out. That’s why it’s important to have a Plan B—a slightly less optimal, but still viable, 4-star setup. In this case, if the breakout above the blue zone doesn’t occur and the market reverses towards the green zone, we might consider a short trade instead. But again, we need a separate checklist: 1. Range Trades Need a History: The market must test key zones (green and blue) more than twice each to confirm a range. - Confirmation: More than two touches of the green and red zones have already occurred. 2. We Need Bearish Momentum: A bearish environment is necessary for a return to the range. This could be triggered by a negative catalyst (e.g., lower unemployment rates) or a breakdown below VWAP. - Box Checked: We need a 15-minute candle close below both session VWAP and 2-day VWAP, RVOL > 3, and the market ranging within the Volume Profile. 3. We Need Patience: Enter the trade only when all conditions are met. - Entry: After a 15-minute candle closes below both VWAPs, with a risk/reward ratio >1.7 up to TP Target 1. - Risk Management: SL at 5,647, just above Friday’s Pivot R1 plus 6 points for noise. TP Target 1 at 5,602, just above Pivot P (0.382 Fib retracement), where we’ll close 100% of the position. 4. We Need Discipline: As always, sticking to the plan is key. 5. We Need to Review Our Trades: Keeping track of your trades ensures you learn and improve over time. --- Conclusion and Recommendation By focusing on clear trends, momentum, and discipline, you can capitalize on high-probability trading setups like the ones we’ve outlined here. However, it's crucial to understand that not every 5-star setup will be a winner. Even the most promising setups don’t guarantee success every time. The true key to long-term profitability lies in consistently following a well-defined strategy and maintaining a favorable risk/reward ratio. Over time, this disciplined approach can lead to steady profits, helping you grow your trading account while minimizing losses. Having a solid Plan B also keeps you prepared for whatever the market throws your way. With these strategies, you’re not just following the market—you’re mastering it. Can’t Get Enough? Don’t Miss Out! Subscribe to stay updated on all our latest trading ideas and strategies. Share your thoughts in the comments, and let’s build a community of traders who are committed to learning, growing, and succeeding together. Your journey to market mastery is just beginning, and we’re here to guide you every step of the way! What You’ll Learn: - In-depth market analysis - Proven trading setups - Effective risk management techniques - The importance of discipline in trading - How to adapt to changing market conditions - And much more!... Best wishes, TradingMasteryHub
OANDA:SPX500USDLong
by TradingMasteryHub
NTFLX - Waiting For Key Level TestAs the titles implies, NETFLIX is waiting for a KEY LEVEL TEST before making large moves. It has recently broke through several ranges to the BUY SIDE, showing it has lots of BULLISH movement. This can be seen with the LARGE VOLUME BULLISH CANDLES that followed after hitting one of the SUPPORT LEVELS, where it created high volume with NO RANGES, further proving it's high volume of buys. What I'm looking for now is a retest of the resistance level where i'd like to see large volume SELL SIDE, or a bounce off the SUPPORT level, where I would look to exercise buy positions
NASDAQ:NFLX
by I3ig_Trades