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Lingrid | GOLD Weekly Technical AnalysisThe surge in OANDA:XAUUSD price following Jerome Powell's speech underscores the market's reaction to potential shifts in monetary policy. His indications of a likely interest rate cut, possibly occurring in September, have prompted a weakening of the U.S. dollar and a decline in Treasury yields, further enhancing gold's appeal as a safe-haven asset. As a result, the weekly candle closed as a green doji, reflecting both investor sentiment and anticipation of shifts in economic conditions. The market bounced off the swap zone and closed above the psychological level; however, there was not enough momentum to retest the previous higher high, which also represents an all-time high (ATH). This indicates that the market may now consolidate around the 2500 level or below the previous resistance zone to accumulate liquidity for a potential move to higher levels. On the daily timeframe, price action remains within the range of the previous day, suggesting the possibility of forming a triangle trend continuation pattern. It seems that there will be fewer high-impact news events next week, which may result in less momentum in the market. Nevertheless, we must remain cautious of the uncertainty in the market and be prepared to respond accordingly. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
19
XAUUSD 4HR Analysis UpdateGold took a tumble mid week down to $2,495 which saw it respect the same dynamic support level and 50 ema for the second time in the last week as we saw last thursday, as price is now respecting this key level and ranging between this and the all time high with gold teasing a break above the resistance with the bull trend still intact in a continuation play its likely we will soon see new all time highs unless gold breaks the key support, closes below such and the floating dynamic ema whilst invalidating the market structure. Going forwards I can see price still ranging between the lower $2,500's with perhaps a lower high in the smaller time frames created around $2,506 as a short term target before aiming for longer term target of $2,550 and so on.
BLACKBULL:XAUUSDLong
by OfficialKieranTrewick
Lingrid | ETHUSDT building Block of ACCUMUALTION Befor ExpansionBINANCE:ETHUSDT is clearly in the accumulation phase, sitting just below the psychological level of 3000. Recently, the price hit a support level that was also tested back in February and subsequently bounced off it. Over the past three weeks, we've observed mostly sideways movement. When examining the weekly timeframe, it's evident that the market formed a long-tailed bar, indicating a liquidity grab below the February low. This suggests that there was strong buying interest after the dip. Given that the market has retested the recent low area and rebounded, I believe we can expect a gradual upward movement from here. My target is resistance zone around 2950. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
Nvidia Stock Soars On Blowout GuidanceSoaring demand for the chips needed to train the latest wave of generative artificial intelligence systems such as ChatGPT led Nvidia to issue a revenue forecast far ahead of Wall Street expectations, prompting a surge in its stock price in after market trading. The US chipmaker on Wednesday said it expected sales to reach 11bn dollar in the three months to the end of July, more than 50 per cent ahead of the 7.2bn dollar analysts had been expecting and confirming its position as the biggest short-term beneficiary of the AI race that has broken out in the technology industry. The forecast fuelled a 27 per cent leap in Nvidia’s shares, which had already more than doubled since the start of the year, and lifted its stock market value to a record 960 bn dollar. Jensen Huang, chief executive, said the company was “significantly increasing our supply to meet surging demand” for its entire family of data centre chips, including the H100, a product launched this year that was designed to handle the demands of so-called large language models such as OpenAI’s GPT4. The race in the tech industry to develop larger AI models has led some customers to worry privately about a shortage of H100 chips, which only went on sale earlier this year. However, Nvidia’s $4.28bn in sales to data centre customers in its latest quarter topped even the most optimistic analysts’ forecasts, and the company said there had been strong sales of both the H100 and its A100 chips, based on its previous chip architecture. Nvidia’s forecast noted a potential doubling of sales to data centre customers in three months, even though data centre sales were running at an annualised rate of $17bn in the opening quarter of this year. Growth is coming from customers across the board, Kress said, with consumer internet companies, cloud computing providers and enterprise customers all rushing to apply the generative AI to their businesses. The bullish forecast came as Nvidia reported revenue and earnings in its latest quarter, to the end of April, had also topped forecasts, thanks to a jump in sales to data centre customers as demand for AI took off. Revenue reached $7.19bn, up 19 per cent from the preceding three months but down 13 per cent from the year before, as sales of chips for gaming systems dropped. Earnings per share rose 22 per cent from a year before to 82 cents, or $1.09 on the pro forma basis Wall Street judges the company. The consensus view on Wall Street had been for revenue of $6.52bn and pro forma earnings of 92 cents a share. now let's delve into the numbers. Nvidia's different business units did not all perform equally well during the quarter - which can be expected, of course. Nvidia's data center business grossed revenues of $4.3 billion during the first quarter, which represents a new record high. Data center demand is not very cyclical, and companies kept investing in new equipment despite a potential recession being on the horizon. This can be explained by the fact that data centers are mission critical for many companies, so they don't really have a lot of choice when it comes to allocating capital to this space. Strong data center sales also have been seen in the results of other chip companies such as Advanced Micro Devices (AMD). Both Nvidia and AMD also were able to benefit from the weak performance of their competitor Intel (INTC), as Intel has been losing market share in the data center space in recent quarters due to self-inflicted problems and an unconvincing product line-up. Nvidia is a major graphic chip or GPU player and is thus heavily impacted by the performance of related end markets. This includes both cryptocurrency mining and gaming. While some cryptocurrencies can't be mined with GPUs economically, such as Bitcoin, others, such as Ethereum, can be mined with GPUs. Ethereum moved from a proof-of-work model to a proof-of-stake model in the fall of 2022, but some miners still use GPUs for Ethereum mining. Not surprisingly, Nvidia's sales to this end market depend on the price for cryptocurrencies - when cryptocurrencies are expensive, miners are more eager to acquire additional GPUs and they may also be willing to pay high prices for them. During times when cryptocurrencies are less expensive, mining is less profitable, and GPU demand from cryptocurrency miners wanes. This has had an impact on Nvidia's sales in the past and likely played a role in Nvidia's Q1 sales as well. GPU sales have been under pressure in recent quarters due to lower demand by gamers as well. Many that like to play video games upgraded their hardware during the lockdown phase of the pandemic when staying at home meant that consumers had more time for video games. With many gamers having relatively new equipment, demand has declined in the recent past. At the same time, inflation pressures consumers' ability to spend on discretionary goods. On top of that, some consumers prefer to spend their money on experiences over things now as there are no lockdowns or travel restrictions in place any longer. All in all, this has resulted in a difficult macro environment for Nvidia's gaming business. Combined, the headwinds for the gaming market and the cryptocurrency market explain why Nvidia's sales and profits kept declining during the most recent quarter, relative to the results the company was able to generate one year earlier. The strong performance in the data center space was not enough to offset the headwinds Nvidia experienced in other areas. I personally going to take huge profit right now and wait for 250 $ levels
NASDAQ:NVDA
by moonypto
5
Lingrid | AVAXUSDT key Support Signals Potential ReversalThe price perfectly fulfilled my previous idea. It hit the target level. As you've observed, BINANCE:AVAXUSDT has reached the resistance level and subsequently pulled back with bearish momentum. The price is now approaching the channel border, which has served as support multiple times in the past. This sets the stage for a potential reversal. The presence of the round number 23.00 below adds another layer of significance to this support area. The 50% Fibonacci retracement level is also an important factor to consider, as it can often act as a endpoint for corrections in a prevailing trend. Given these conditions, I anticipate potential rejection patterns at this support zone, such as a long-tailed bar or an engulfing candle. These price action signals would indicate a strong buyer interest at this level and could reinforce a bullish outlook if confirmed. My target is resistance around 26.55 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
XAUUSD 4HR Analysis UpdateFollowing my last few analysis depictions we have seen the bullish momentum surge bounce off the identified level followed by a small correction down to the key psych level of 2500-08 where price was once again met by the dynamic trendline, 50 ema and order block pivot zone along with 25% quarter section all acting as key support pivot levels which helped price respect and keep its bullish momentum in tact, following this I am now looking as my target the next all time high as the upper 2500s primarily between 2550 - 2575 to match the second phase of the 50% quarters section with 75% being on 3000.
BLACKBULL:XAUUSDLong
by OfficialKieranTrewick
2
AVAXUSDT gives Bullish indicationsAVAXUSDT has finally broken out of the consolidation zone that has been developing since early August. On the weekly timeframe, the market formed an inside bar pattern, and the price has now surged above it, signalling a bullish outlook. Like many altcoins, AVAXUSDT has tested historical lows, revisiting levels from November 2023, where a significant price surge previously occurred. On the 4H timeframe, the price action has also broken through a triangle pattern, marking the end of an accumulation phase around 20.00 and indicating a potential bullish move. The market may retest the channel border and upward trendline. The target is the resistance zone around 27.50
Long
by RTED_Investing
TRXUSDT trend continuationTRXUSDT has pulled back following a recent surge. The market recently broke and closed above a flag pattern, with the price retracing about 38.2% of the previous bullish move. It has now reached a resistance zone last tested in 2021. Additionally, the price has pulled back to the previous higher high zone, from which it has already started to bounce. On the weekly timeframe, the market has broken through a large triangle pattern, suggesting a potential continuation of the trend. The target is the resistance zone around 0.1670 Dear traders, if you like this trading idea or you have an oppinion on it, we would love to hear it in the comments :)
Long
by RTED_Investing
1
Lingrid | USDJPY trend CONTINUATION tradeThe price perfectly fulfilled my last idea. FX:USDJPY has recently experienced a significant bearish move, followed by a pullback, and it appears to be continuing its downward trajectory in line with the major trend. The price action has bounced off a support level and is now heading towards a resistance zone. The triangle pattern indicates a period of consolidation before a breakout, and given the context of this trend, it’s likely that the market may retest the middle of this formation, specifically around the psychological level of 146.000. Therefore, I expect that once the market approaches this confluence area near 146.000, it may struggle to break through and could potentially reverse, continuing its downward movement. My target is a support level at 144.355 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
4
Lingrid | NOTUSDT potential REBOUND Amid Durov's SituationBINANCE:NOTUSDT is currently heading toward a support level following the breakout of a consolidation zone. The price experienced a significant sell-off after the arrest of Pavel Durov in France. In my view, the market is likely to break through this support and move lower toward the buying area situated between 0.00750 and 0.00650, where we could then anticipate a rebound. The price action appears to be setting up for a potential liquidity grab below the previous low, which could coincide with Durov's release from arrest—an event that would likely have a positive impact on the market sentiment. Additionally, on the weekly timeframe, the market is approaching a demand zone where we previously witnessed a substantial surge in price. This alignment of factors suggests that if the price does reach the 0.00750 to 0.00650 range, there may be a good opportunity for buyers to enter the market with potential for upward movement thereafter. It will be crucial to keep an eye on the key events surrounding Durov's situation as they could heavily influence market dynamics. My target is resistance zone around 0.01110 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
Lingrid | BITCOIN Leveraging the TRIANGLE PatternBINANCE:BTCUSDT has broken and closed above the triangle pattern, which is typically a trend continuation pattern. On the daily timeframe, nothing has fundamentally changed; the price simply bounced off the bottom of the consolidation zone. If you observe, there was accumulation around the 60,000 level, and the price may pull back toward this zone, bounce off then move up. I believe the market is in the process of creating the second extension leg of the triangle pattern. Additionally, on the weekly timeframe, the price has broken through the inside bar pattern, which is also a bullish sign. My target is resistance zone around 69,000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
6
Identifying Market Correction EndpointsCorrection or trend? How deep is the correction if it exists? When can we expect a reversal? These are common questions among traders who utilize trend strategies. The foundation of trend trading systems rests on the understanding that a trend can become 'exhausted.' Prices cannot rise indefinitely nor plummet to zero. Unlike stocks, currency pairs operate within ranges established by central banks, leading to frequent reversals and corrections. Corrections differ from trends in both depth and duration. If the price retraces more than one-third of the previous trend's length after a reversal, it is often considered the beginning of a new trend rather than a mere correction, which is the basis for counter-trend strategies. However, local corrections can occur, enabling the trend to continue. Entering the market at the end of a correction allows traders to secure positions at optimal prices, which is the essence of swing trading. 📍 METHODS FOR DETERMINING THE END OF A CORRECTION 1. BY PATTERNS. This straightforward and logical approach relies on market psychology. As a trend ascends, more buyers enter the market. When news prompts some to sell, a correction occurs, causing temporary price declines. However, buyers often see this as a chance to purchase at lower prices. A key indicator of the end of this correction is a candle with a small body and a long downward wick, suggesting that selling pressure has subsided and buyers are stepping back in. 2. BY CANDLE BODY SIZE. The size of candle bodies reflects price movement. When candle bodies decrease in size during a correction, it indicates waning interest in the asset. In an upward trend that turns bearish, if the correction shows small candle bodies, it likely signals a recovery of the trend. Conversely, during a downtrend, large downward candlesticks signify strong selling, while small bodies during corrections suggest minimal price movement. 3. CHANGE IN TRADING VOLUMES. Similar to the analysis of candle bodies, observing changes in trading volumes can signal the end of a correction. A decline in volume may indicate that the correction is over. However, a limitation of this method in Forex trading is the absence of aggregated volume data, necessitating reliance on indicators that may show tick volumes or specific broker volumes. 4. FIBONACCI LEVELS. Based on mathematical concepts, Fibonacci levels help identify potential retracement points. The end of a correction is most likely to occur at the first or second Fibonacci level after a reversal. If the price retraces to the 50% level, it often indicates the potential continuation of the initial trend. 5. TECHNICAL INDICATORS. Technical indicators, particularly oscillators like the Stochastic and Relative Strength Index (RSI), can be valuable tools for identifying the end of a correction. When these oscillators reach overbought or oversold territories and subsequently reverse their direction, it often signals that the correction has concluded, indicating a potential resumption of the original trend. 6. FUNDAMENTAL FACTORS. Local reversals frequently occur in response to news events. For instance, a cryptocurrency might be on the rise, but negative news—such as a significant fund dumping its holdings or regulatory actions by the SEC—can lead to a temporary price pullback. However, if positive news later arises, it can trigger renewed buying interest, signaling the end of the correction and a potential return to upward momentum. 📍 CONCLUSION In trading, there are no infallible tools for pinpointing trends, corrections, or their respective beginnings and endings. A correction can seamlessly shift into a new trend, while a reversal following a correction may lead to a false breakout. Given these uncertainties, it is prudent to combine multiple analytical tools into a cohesive signal system. By doing so, we can enhance our decision-making process and improve ability to interpret market movements. Additionally, it is essential to test this system against historical price data to ensure its effectiveness and reliability in various market conditions. This comprehensive approach allows us to better navigate the complexities of the market and make more informed trading decisions. Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Education
by Lingrid
14
GOLD Analysis | Mines & World Events | OfficialKieranTrewick | Gold In Depth Weekly Analysis Gold Mine Productions : XAUUSD Surged last week reaching 2 new all time highs of $2,500 and $2,530 amidst ongoing tensions in the middle east, BTC reaching over 90% mined whilst Gold mine productions are struggling to reach the last few years production ratio as they declare it is getting harder to find the precious metal, although the first quarter of 2024 we saw production increase by 4% essentially we have not seen any growth since 2016/2018 with the annual production rate staying around 3,000 tons. New deposits are becoming increasingly harder to find although we have seen some over the recent years such as the current most productive mine based in Uzbekistan and China still leading the race with Australia following closely behind but one thing they have in common is reports of increasingly difficult new metal deposits found. Aside from the discovery process, government permits getting harder to secure and requiring more time to come through have made mining more difficult. Securing licenses and permits needed before mining companies can start operations can take several years. USD News Correlations : Moving onto recent USD events where we saw that the asian markets have remained cautious this Friday as investors closely watch for US Federal Reserve Chair Jerome Powell's speech at Jackson Hole, seeking new insights into the future direction of interest rates. Traders are anticipating significant rate cuts from the Fed due to indications of a weakening labor market. This risk-averse sentiment has driven increased demand for safe-haven assets like US government bonds, leading to lower Treasury yields and a decline in the US Dollar. The Dollar's weakness is also compounded by a fresh round of selling against the Japanese Yen, following hawkish comments from Bank of Japan Governor Kazuo Ueda, who spoke to the parliament on Friday. Governor Ueda reiterated his readiness to hike interest rates if inflation appears set to consistently reach the 2.0% target, though he expressed caution about potential instability in financial markets. Gold, despite a recent recovery, seems poised for its second consecutive weekly decline, with a Fed rate cut in September widely expected. However, Powell's upcoming remarks will be key in determining the extent of future easing measures. On Thursday, gold prices fell by about 1% as the US Dollar bounced back strongly from over a one-year low against other major currencies, amid deteriorating risk sentiment spurred by disappointing US S&P Global business PMI and Jobless Claims data. Additionally, traders have been adjusting their positions ahead of Powell's anticipated speech at Jackson Hole on Friday. Gold prices rebounded on Friday after two days of losses, rising as the dollar and Treasury yields fell sharply. This came after Federal Reserve Chair Jerome Powell confirmed expectations for upcoming interest rate cuts. At the Jackson Hole conference, Powell stated that the Fed is prepared to lower interest rates from their current peak as the labor market shows signs of slowing. He emphasized that future rate cuts would depend on economic data and risks. Following Powell's remarks, the dollar index dropped 0.83 points to 100.67, and Treasury yields also declined, with the two-year note at 3.926% and the ten-year note at 3.817%. JPY News Correlation : According to Market Analyst Konstantin Oldenburger from CMC Markets, the relationship between the Japanese Yen and gold prices has strengthened once again, and a stronger Yen could be a positive sign for gold. Oldenburger noted that the Bank of Japan might have stepped in to stabilize the weakened Yen last Thursday. He suggested that such interventions could become more feasible if the Federal Reserve shifts its monetary policy stance. He further explained that U.S. stocks generally perform well when interest rates are high because liquidity flows back into the USD. However, when rates decrease, this liquidity tends to exit the dollar and seek alternative investments globally. "The Yen could gain from this reallocation," he remarked. After the U.S. released its June CPI data last Thursday, the USD/JPY pair dropped over 2%, sparking speculation that Japan’s Ministry of Finance had intervened. It is noted that hedge funds currently have limited long positions in the Yen and mainly hold short positions, which could need to be covered if a short squeeze occurs. If the Yen continues to strengthen, hedge funds may be under more pressure to reduce these short positions. Historically, a stronger Yen has been positively correlated with gold prices, suggesting that gold could also see gains. Gold prices continued to climb on Tuesday due to increased safe-haven demand from China. The People’s Bank of China (PBoC) issued new import quotas for gold to banks, sparking speculation about a surge in demand, according to broker SP Angel. The demand for gold as a safe haven in China rose after Chinese 10-year government bond yields hit record lows last week, leading Chinese investors to look for alternative safe-haven assets, with gold being a prime choice and as we know the chinese yuan is heavily correlated with the japanese yen. Conclusion With gold currently priced at $2,511.36, the outlook remains bullish in the short to medium term, especially if current economic uncertainties persist or worsen. Monitoring central bank policies, inflation data, and geopolitical events will be crucial for assessing how high gold prices could go from here. The potential for reaching $2,600 or even higher is present, particularly if market conditions align favorably for gold. What are your thoughts on Gold and its future outlook, let me know in the comments below!
BLACKBULL:XAUUSDLong
by OfficialKieranTrewick
Lingrid | BITCOIN Compression Before ExtensionBINANCE:BTCUSDT market has made a strong bounce off a key support level, successfully taking liquidity at the previous month's low. On the daily chart, the market showed choppy price action over the past week, leading to a consolidation phase within a narrow range. Notably, the weekly timeframe has formed an inside bar pattern, indicating potential indecision among traders. If the price breaks and closes above 63,000, this would provide a strong bullish signal that could propel the market towards the next resistance level at 73,000. I believe that the market is likely to continue the upward momentum, particularly if it rejects the previous week's low. On the 1H timeframe, we are observing a classic triangle pattern, suggesting that the price may continue to oscillate within this formation before making a decisive move. My goal is resistance zone at 63,400 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
7
Lingrid | AVAXUSDT shows BULLISH sign. POTENTIAL LongBINANCE:AVAXUSDT has finally broken out of the consolidation zone that has been forming since the beginning of August. On the weekly timeframe, the market displayed an inside bar formation, and the price has now surged above it, which is a bullish sign. Like many altcoins, the market has tested historical lows, and in this case, the price revisited levels from November 2023, where we previously saw a significant price surge from this area. On the 4H timeframe, the price action has also broken through a triangle pattern, signaling the end of an accumulation phase around 20.00 and potential bullish move. I expect the market retest the channel border and upward trendline. My target is resistance zone around 27.50 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
2
Lingrid | EURJPY consolidating MARKET. LongFX:EURJPY has formed a large triangle pattern and has broken through the upward trendline that had been respected multiple times before. On the daily timeframe, we can see that the price was consolidating following a significant sell-off. It is now approaching the support level where a bullish impulse occurred previously. I believe the market will bounce off the bottom of the consolidation zone as well as psychological level at 161.000 and retest the middle of the triangle pattern. My goal is resistance zone around 162.290 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
7