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Supply and Demand

Gold (XAU/USD): Key Levels & Trading StrategiesAlexGoldHunter FXOPEN:XAUUSD Expert Analysis of Gold Spot (XAU/USD) on a 1-hour Timeframe Current Market Structure: Support Levels: Around $2,600, marked by a blue shaded area. Resistance Levels: Around $2,650, marked by a blue shaded area. Break of Structure (BoS): Indicates a shift in market sentiment, suggesting potential trend reversals. Market Structure Shift (MSS): Highlights significant changes in market structure, often preceding trend changes. Equal Highs: Indicates a strong resistance level where the price has been rejected multiple times. Indicators: Volume: Shows the trading volume, with notable spikes indicating high trading activity. RSI (Relative Strength Index): Current RSI: 51.97 (neutral zone) Lower RSI: 39.81 (potential buy signal if it drops further) MACD (Moving Average Convergence Divergence): MACD Line: 1.08 Signal Line: -2.76 Histogram: -3.85 (indicating bearish momentum) Buy Strategy with Confirmation: Confirmation: Look for the price to bounce off the support level around $2,600. RSI should be below 30 (oversold condition) and start to rise. MACD should show a bullish crossover (MACD line crossing above the signal line). Entry Point: Enter a long position when the price confirms a bounce off the support level and the RSI and MACD provide bullish signals. Stop Loss: Place a stop loss below the recent swing low, around $2,590. Take Profit: Set the first take profit level at the resistance around $2,650. If the price breaks above $2,650, consider trailing the stop loss to lock in profits. Sell Strategy with Confirmation: Confirmation: Look for the price to be rejected at the resistance level around $2,650. RSI should be above 70 (overbought condition) and start to decline. MACD should show a bearish crossover (MACD line crossing below the signal line). Entry Point: Enter a short position when the price confirms a rejection at the resistance level and the RSI and MACD provide bearish signals. Stop Loss: Place a stop loss above the recent swing high, around $2,660. Take Profit: Set the first take profit level at the support around $2,600. If the price breaks below $2,600, consider trailing the stop loss to lock in profits. Summary: This analysis provides a comprehensive view of the current market conditions for Gold Spot against the U.S. Dollar, along with actionable buy and sell strategies based on technical indicators and key levels. If you have any further questions or need additional analysis, feel free to ask! Happy trading! 🚀✨
FXOPEN:XAUUSD
by Alexgoldhunter
BTC 1h updateWe've initiated a short position on the 1-hour chart, setting our sell level at 99,134, which aligns with the base of the sell effort bar. Currently, trading volume has decreased, indicating a lack of strong interest from both buyers and sellers. I'm anticipating that the price will approach this sell zone with minimal buying activity, at which point I expect sellers to assert themselves. At that juncture, we can look for a reliable upthrust pattern on the 5-minute chart to identify a suitable short entry point. Let's observe how this scenario unfolds.
Short
by MrXade
BTC 1D updateOn Thursday, December 5, 2024, the market formed a substantial upthrust bar at the resistance level established on November 23. This upthrust bar exhibited significant volume, with a positive delta volume indicating that buying pressure slightly exceeded selling pressure. However, an upthrust bar, characterized by a wide range and high volume closing near the low, often signals potential price declines. Therefore, a downward movement toward 86,702 is possible. However, the price may attempt to retest the sell zone and the upthrust level, potentially trapping early sellers. Caution is advised in this scenario.
Short
by MrXade
#021 DCA AUDCHF BUY LIMIT INITIAL ENTRYAccidentally chanced upon AUDCHF trade. I think I should give more attention to the entry time frame as well when scanning for setups. Currently price is in a range since 26th November 2024, and I am betting on the support level holding. I have included a link below showing my exact entry for the initial position.   Things might change as time goes by so we shall see. Currently have SGDJPY Short and AUDCHF positions opened. 0954SGT 04122024
Long
by ProfessionalDuckHunter
XRP/USD: Strategic Buy EntryAlexGoldHunter BINANCE:XRPUSDT Technical Analysis and Buy Strategy for XRP/USDT (1-Hour Timeframe) Chart Analysis Current Price: 2.3066 USDT Key Zones: Order Block: 2.6000 - 2.8000 USDT Swing High: 2.6000 USDT Swing Low: 2.2000 USDT Equal Highs: 2.6000 USDT Volume Profile: Significant trading volume at current price levels, indicating potential support/resistance. Technical Indicators: RSI (Relative Strength Index): 44.62 (bearish momentum) MACD (Moving Average Convergence Divergence): Below signal line, with a negative histogram (bearish momentum) Buy Strategy with Confirmations Identify Key Support Levels: Focus on the swing low (2.2000 USDT) and the lower boundary of the order block (2.6000 USDT) as potential support zones. Wait for Bullish Confirmation: RSI: Look for the RSI to cross above 50, indicating a shift to bullish momentum. MACD: Wait for the MACD line to cross above the signal line and the histogram to turn positive, indicating a bullish crossover. Volume Confirmation: Ensure there is an increase in trading volume when the price approaches the support levels or when bullish indicators are triggered. Higher volume confirms the strength of the move. Entry Point: Enter a buy position when the price shows a bullish reversal pattern (e.g., bullish engulfing, hammer) near the support levels and technical indicators confirm the bullish momentum. Stop Loss and Take Profit: Stop Loss: Place a stop loss slightly below the swing low (2.2000 USDT) to manage risk. Take Profit: Set a take profit target near the swing high (2.6000 USDT) or the upper boundary of the order block (2.8000 USDT). By following this strategy, you can increase the probability of a successful trade by waiting for multiple confirmations before entering a buy position.
Long
by Alexgoldhunter
ETH/USD: Precision Buy StrategyAlexGoldHunter Technical Analysis and Buy Strategy for Ethereum (ETH/USD) Chart Analysis Price Levels: Current Price: $3,873.9 Support Levels: $3,615.5 (swing low) $3,800 (intermediate support) Resistance Levels: $3,900 (swing high) $4,000 (next potential resistance) Technical Indicators: Volume: Increased volume indicates strong market participation during both uptrend and correction phases. RSI (Relative Strength Index): Around 53.47, suggesting neutral momentum. MACD (Moving Average Convergence Divergence): The MACD line is slightly above the signal line, indicating a potential bullish crossover. Buy Strategy Support Confirmation: Look for the price to find support around $3,615.5. This level has been tested multiple times and has held, indicating strong buying interest. Bullish Candlestick Patterns: Wait for bullish reversal patterns like a bullish engulfing candle or a hammer near the support level. Volume Increase: Ensure there is an increase in buying volume, confirming strong buying interest. MACD Confirmation: Look for a bullish crossover in the MACD, where the MACD line crosses above the signal line. RSI Confirmation: The RSI should ideally move above 50, indicating bullish momentum. Entry Point: Enter the trade near the support level ($3,615.5) once all confirmations are met. Stop Loss: Place a stop loss below the support level, around $3,600, to limit potential losses. Take Profit: Set a target near the next resistance level, around $3,900 or higher, depending on the risk-reward ratio. By following this structured buy strategy with confirmations, you can increase the probability of a successful trade while managing risk effectively. If you have any further questions or need additional insights, feel free to ask! 😊 BITSTAMP:ETHUSD
BITSTAMP:ETHUSDLong
by Alexgoldhunter
GOLD / Consolidating Between 2653 and 2637 !Gold Technical Analysis The price is consolidating between 2637 and 2653, with stability above 2653 which is bullish toward 2661 and 2678, Otherwise, as long as trades below 2653 will trade at the bearish area, closing 1h or 4h candle below 2637 will support bearish toward 2624 Key Levels: Pivot Point: 2653 Resistance Levels: 2661, 2678, 2706 Support Levels: 2637, 2625, 2612, 2585 Trend Outlook Uptrend: Bullish momentum is expected if the price holds above 2653. Bearish Momentum: Dominant as long as the price remains below 2649, especially below 2638.
OANDA:XAUUSDShort
by SroshMayi
HIMS Bullish Morning VolumeOver the last five days, HIMS has shown consistent high trading volume in the morning sessions, often accompanied by bullish momentum and large green candlesticks, indicating strong buying interest likely driven by premarket news or institutional activity. This bullish sentiment has repeatedly pushed the price higher during early trading hours, but resistance around $36 has capped further upward movement, causing reversals or consolidation in the afternoon. The chart also highlights key indicators like liquidity grabs (red zones) and trend catchers, which suggest institutional interest and strong upward trends during these periods. However, today’s sharp drop to $31.59 suggests a potential bearish reversal, with profit-taking or increased selling pressure following days of upward momentum. To capitalize on these trends, traders should focus on high-volume morning sessions for breakout opportunities while being cautious of resistance levels and reversal zones later in the day.
NYSE:HIMS
by justin_p_mcfarland
Watching For a Bullish ContinuationHello Traders! I'm almost interested in the long with Nvidia. I like the bullish sentiment, and patterns it's creating to give a nice swing set up. My main target is to fill that big wick on Nov. 21st at 150.00. Right now as it's pulling back, I'd like to see it hit an area around 144.00-143.00. If price can take the sell stops, and reverse off that area, then I'll consider calls to 150.00. Watching closely! 👩🏼‍💻 *DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
NASDAQ:NVDALong
by thattradergirl
BTC Long ideathe last BTC was a little bit ago sorry for the wait, there havent been many opportunities for good rr trades since last time i posted. however now there is. This 8H zone is perfect to continue the long trend of btc with very minimum risk and a lot of potential profit if you trail your stoploss well. i will be looking for confirmation in this 8H SnD with a rather tight SL hoping for at least 1:5 rr to the target, from there i will take a hefty portion off and trail the remaining position. i have developed my own entry criteria and you guys should aswell. if you havent yet developed your own, i highly recommend you do so through thorough back and front testing. anyways hope you guys like the idea and take the trade with me, let me know if you do end up taking it ;)
Long
by BreadFish
GOOGL - Making sense of the market's multi-time frame objectivesApologies for the bad recording quality here - but this is key toward "zooming out" and realizing how much is really happening on higher time frames in the market - when we get zoomed in to one small move or leg of an uptrend or downtrend, it leaves us vulnerable to sudden moves against us - because we were stuck in LTF tunnel vision. So you see here how I have a bias toward short, but that is on a HTF and requires LTF work and liquidity building to make the HTF objective possible Happy Trading :)
NASDAQ:GOOGLShort
by ReigningTrades