Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Signals
NVDIA Channel Up ready to explode in 2025 for a $350 target.NVIDIA corporation (NVDA) has started the week on a bullish 1W candle, following last week's reversal pattern. Technically that reversal is being formed exactly at the bottom of the long-term Channel Up pattern that started on the October 10 2022 market bottom.
This 2-year pattern is technically very similar to the Channel Up that started on the weekly bottom of December 24 2018. The similarities between the two patterns are striking. As you can see both started after an oversold 1W RSI (<30.00) touch, which then formed Higher Lows, making the price rebound on the 1W MA200 (orange trend-line). Then, using the 1W MA50 (blue trend-line) as the Support, the 2019 - 2021 Channel Up expanded all the way to the 6.0 Fibonacci extension, until the eventual break below the 1W MA50 and the 2022 Inflation Crisis.
Observe also how similar their 1W RSI sequences are. Right now it appears that we are after a technical pull-back similar to May 10 2021. The 1W MA50 is supporting and the 1W RSI (which has already made a Double Bottom rebound (green circles)) is bouncing off its MA (yellow trend-line) and looking for a break-out above the (dotted) Channel Down.
We have already set two Targets ($190 and $240) for on NVDIA on our previous analysis, but this time we move a little further, making a projection for the end of this Cycle. And the final Target is $350, exactly on the 6.0 Fibonacci extension, the level that formed the November 22 2021 Top.
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DXY Is Going Down! Sell!
Here is our detailed technical review for DXY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 106.196.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 105.500 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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BITCOIN Will Grow! Buy!
Take a look at our analysis for BITCOIN.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 102,484.66.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 106,861.35 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURUSD Will Go Higher From Support! Long!
Please, check our technical outlook for EURUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.052.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.068 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURGBP Will Go Up From Support! Buy!
Here is our detailed technical review for EURGBP.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.827.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.830 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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World gold prices increasedSpeaking in an interview with the press hosted by the New York Times yesterday, Chairman of the US Federal Reserve (FED) - Jerome Powell - said the US economy is now stronger than when the FED started cutting interest rates in September.
According to Mr. Powell, the positive news is that the FED can be more careful in setting neutral interest rates - interest rates that do not promote or inhibit growth. However, the FED Chairman did not directly mention the FED's policy direction at the meeting from December 17 to 18. However, some analysts believe that the FED's interest rate reduction process may slow down.
Gold prices often react sensitively to changes in the FED's interest rate policy. When interest rates fall, the opportunity cost of holding gold - a non-interest-bearing asset - also decreases, increasing the appeal of gold as an investment channel. Conversely, if the Fed slows down in reducing interest rates or keeps interest rates at a higher level than expected, this could reduce demand for gold, leading to downward pressure on prices.
🔥 OANDA:XAUUSD BUY 2643 - 2645🔥
💵 TP1: 2655
💵 TP2: 2665
💵 TP3: OPEN
🚫 SL: 2637
127K is the next oneMorning folks,
So, today is not too many things to comment - our 102K target is done perfectly, as well as entry process setup.
Now we need to give some time to the market and see what the reaction will follow on this level. Reasons for reaction exist - monthly and weekly Overbought, strong and important 100K target. So at this point I wouldn't hurry up with the new long position.
Based on monthly chart next all time target is 127K. It doesn't mean that BTC will go to it immediately, but this is just the next one to consider, when you plan to invest or buy BTC for long-term some day later:
Lingrid | AUDCAD trend CONTINUATION tradeThe price perfectly fulfilled my last idea. It hit the target level. FX:AUDCAD made a significant nosedive, breaking through a support level that had been respected multiple times in the past. This support level has now transformed into a resistance zone or swap zone. The price has since bounced off the support level at 0.9000, presenting an opportunity to short the market in anticipation of a continuation of the bearish trend. On the daily timeframe, the market is making lower lows, indicating a downward trend. If the price rejects the swap zone, I expect it to move to even lower levels. My goal is support zone around 0.90250
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BITCOIN Where were you when it broke $100000 ??It is officially history! Bitcoin (BTCUSD) finally broke the ultimate (until the next one!) psychological level of $100000. A price tag that was discussed as myth/ desire/ utopia not so many years ago. Perhaps the level that will go down in history as the future global currency's transition from its retail to the institutional phase (thanks Blackrock!) and on its way towards an eventual mass adoption (Amazon, X, Netflix and others are you listening?).
Well this post isn't an analysis. It's a festive one, a well deserved round of victory for HODLers who ignored for so many year the pessimists, the negative ones, the "Bitcoin is a scam", "Bitcoin is a fraud", "Bitcoin is going to zero" ones and kept holding. And those who will keep holding until perhaps $1000000? Who knows? Who can now deny it??
Well, lets have it. In the future you are going to hear the following a lot.
"Where were you daddy/ mommy/ grandpa/ grandma, when Bitcoin broke $100000?"
Indeed, and it will be a valid question. This will be bigger than the classics of why didn't you buy Amazon, Google etc in the late 90s/ early 00s. Or Gold in the early 1900s (yes great grandpa, that's for you!).
So let's wrap it up and this is a call for all of you to answer it and make a fun discussion in the comments section below:
" WHAT WERE YOU DOING WHEN BITCOIN BROKE $100k??? "
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Lingrid | DOGEUSDT Preparing for DISTRIBUTION after ACCUMULATIONThe price perfectly fulfilled my previous idea. It hit the target. BINANCE:DOGEUSDT has been moving sideways for three weeks following its recent surge. I believe the market is currently in an accumulation phase that will eventually lead to a distribution. The price has bounced off the weekly high and is now consolidating. Typically, markets consolidate around key levels before making a breakout. Given that the market is currently consolidating below the psychological level, I anticipate that it will move upward and potentially make new highs. My goal is resistance zone around 0.50000
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Lingrid | PEPEUSDT Consolidation Before Bullish EXPANSIONBINANCE:PEPEUSDT is making frequent fake breakouts at both the support and resistance levels, indicating a phase of consolidation. After a substantial bullish move, the market is currently trading within a range. Typically, the price tends to move sideways rather than a correction when strong momentum is present. Since the market has broken and closed above the downward trendline, I anticipate that it may rolll back to retest this level before continuing its ascent towards the upper boundary of the channel. Overall, I expect the market to continue consolidating before making a steady upward move. My goal is resistance zone around 0.00002280
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Prolonged accumulation, GOLD may need impact from NFP dataOn the Asian market on Thursday (December 5), OANDA:XAUUSD Spot delivery maintained a moderate decrease during the day, gold prices are currently down to about 2,645 USD/ounce as of the time this article was completed.
In terms of economic data on Wednesday, data from the ADP Research Institute and the Stanford Digital Economy Lab showed that the number of private sector jobs in the United States increased by 146,000 in November, less than expected. This number is expected to be 163,000.
The ADP report shows mixed job growth across industries. The education, health care and construction sectors led the gains, while manufacturing employment had its biggest decline in more than a year. Hiring is also lower in the financial services and entertainment industries, according to data from the ADP Research Institute.
Federal Reserve Chairman Powell participated in an exclusive interview with the "DealBook Summit" hosted by the New York Times on Wednesday. On monetary policy, he said at the meeting that policymakers may remain cautious about cutting interest rates further.
Regarding the US economy, Powell said the current situation is "very good" with falling inflation and relatively low unemployment. Powell noted that the US economy was stronger than expected in September, allowing the Fed to be more cautious in cutting interest rates.
Powell said that although inflation has not yet fully returned to the Fed's 2% target, there is no reason the economy cannot continue to grow.
New news of a ceasefire in the Middle East has affected the safe-haven asset OANDA:XAUUSD
Israel has made a new proposal to Hamas regarding a ceasefire in Gaza, including a request to release some of the remaining 100 people detained by Hamas, Axios News reported this morning (Thursday).
Israeli officials say Israel hopes the killing of Hamas leader Yahya Sinwar, a ceasefire in Lebanon and pressure from US President-elect Donald Trump will create an opportunity to resume negotiations that have been deadlocked for three months. recently.
According to the report, Israeli officials revealed that the updated agreement framework mentioned above was reached after a meeting between Israeli Prime Minister Netanyahu and several senior ministers and heads of security agencies on the 1st of this month. . The new plan is similar to the principles discussed previously, but has some adjustments and is subject to adjustment and negotiation.
Israeli officials say Hamas has shown more flexibility and begun implementing parts of the agreement.
There are still 100 hostages being held in Gaza, including 7 Americans. The Israel Defense Forces believe that between 40 and 50 hostages are still alive.
Gold is a risk-on haven asset, so if the market has less risk of conflict or geopolitical tensions it will become less attractive.
Next event
The next big event will be the November US nonfarm payrolls report on Friday.
Surveys show US nonfarm payroll employment is expected to increase by 214,000 in November, up from 12,000 in October.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, the accumulation phase of gold prices continues to last with increasingly narrower amplitudes without any sudden waves to create a short-term trend.
With the current position, it is difficult to distinguish which possibility gold is leaning more towards compared to yesterday's trading day. With price activity moving around the EMA21 and Fibonacci retracement levels of 0.618% and the technical point of 2,644USD. On the other hand, the Relative Strength Index is also at 50, not going above or below this level. Taken together with the current position, gold is still neutral in the medium and short term.
Meanwhile, a short-term bearish cycle has the opportunity to open if gold is sold below the 0.618% Fibonacci level then the target level is about 2,606 USD in the short term, more than 2,600 USD.
During the day, gold is currently in a neutral position, but in the long term, the falling price channel is still the main trend and notable points will be listed as follows.
Support: 2,634 – 2,606 – 2,600USD
Resistance: 2,663USD
SELL XAUUSD PRICE 2681 - 2679⚡️
↠↠ Stoploss 2685
→Take Profit 1 2674
↨
→Take Profit 2 2669
BUY XAUUSD PRICE 2599 - 2601⚡️
↠↠ Stoploss 2595
→Take Profit 1 2606
↨
→Take Profit 2 2611
Gold stuck in range. Levels to watch for directionThis week has been relatively quiet for gold traders, with the price confined to a narrow range between 2635 and 2655. In fact, aside from a few brief spikes, the price remains largely unchanged from Friday's close.
Looking ahead, this tight range is likely to break in one direction or the other. As mentioned, the key levels to watch are 2655 and 2635; a breakout above or below these levels could provide clearer indications of the next move.
For now, I am staying out of the market, awaiting further clarification, but I maintain a bullish bias.
AUD_CHF SUPPORT AHEAD|LONG|
✅AUD_CHF is about to retest a key structure level of 0.5660
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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ETHEREUM Strong Resistance Ahead! Sell!
Hello,Traders!
ETHEREUM keeps growing
In a strong uptrend and the
Coin is locally overbought so
After it hits a horizontal
Resistance level of 3975$
We will be expecting a
Local bearish correction
Sell!
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