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Trend Analysis

Buy gold, there is still a chance to rebound to 2640Bros, gold has fallen sharply due to the hawkish rate cut, and the lowest has reached around 2584, and then rebounded; just now, gold touched around 2687 during the second decline, and then rebounded to above 2690, showing signs of building a W double bottom in the structure. Although the rebound of gold is relatively weak, the downward space is gradually converging. I was optimistic that gold would continue to fall to around 2670, but at present, since gold has signs of forming a W double bottom structure, after consuming a certain amount of short energy, once the W double bottom structure is successfully built, gold may still rebound to 2640 again. So in trading, I think it is best not to continue to chase short gold in short-term trading. We can go long on gold with the 2590-2580 area as the support area, and the defense position is 2570. So in short-term trading, I am currently more inclined to go long on gold. Bros, are you as optimistic about the gold rebound as I am? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
SP500 Weekly Trade Idea – Valid only with Close below 5977.8The S&P 500 has been on a stellar rally this year, rewarding long-term investors who bought and held through market turbulence. However, the current technical and macroeconomic setup suggests a possible correction could be on the horizon. Here’s how to approach it strategically. 🛠️ Technical Analysis from the Chart: 1️⃣ **Resistance Zone (6025-6050):** - The index is facing strong resistance in this red zone, indicating a potential **stall in bullish momentum**. Failure to break through this level increases the likelihood of a pullback. 2️⃣ Critical Support Levels: - **5690-5628 Zone:** First significant demand zone. A break below could trigger deeper corrections. - **5395-5365 Zone:** Key structural support from previous accumulation. - Long-term potential target near **4500**, aligning with historical correction structures. 3️⃣ Weekly Close Watch (5977.8): - A **close below 5977.8** could confirm the start of a correction, likely forming a 3-to-5 wave structure typical of corrective phases. 🌍 Macro Context – Inflation and Valuations: - Inflation Data: - In **March 2020**, inflation was at **1.5%**, and stimulus packages helped buoy the market. - By **March 2021**, inflation climbed to **2.6%**, reflecting economic recovery and stimulus impacts. - November 2024 inflation** sits at **2.7%**, signaling a moderating trend but with base effects and monetary policies still in play. - Market Valuations: - The **Buffett Indicator** (Market Cap to GDP ratio) shows the market remains significantly overvalued. This aligns with Warren Buffett’s recent positioning, where **25% of his portfolio is in cash**, waiting for better buying opportunities. 💡 Trade Idea: 📉 Prepare for the Correction: - A correction to the **4500 level** would represent a compelling buying opportunity for long-term investors. - Avoid shorting the market; instead, focus on cash preservation and building a watchlist of fundamentally strong companies. 📊 Long-Term Strategy: - Stick to Warren Buffett’s principle: **"Be greedy when others are fearful."** - Utilize cash reserves to capitalize on discounted prices during market panic. 📌 Key Levels to Watch: - Resistance: **6025-6050 - Supports: **5690-5628**, **5395-5365**, and long-term 4500. 🚀 Optimistic Outlook: Corrections are **opportunities, not threats**. They allow investors to buy quality assets at a discount and position themselves for the next bull cycle. "Price is what you pay; value is what you get." – Warren Buffett 🐂✨ Let volatility work in your favor! 🌟
OANDA:SPX500USD
by Mike_SnD
Gold Drops $65 as Bearish Momentum Dominates Post-Fed DecisionGold Technical Analysis Gold prices dropped approximately $65 yesterday following the Federal Reserve's rate decision. The market continues to exhibit bearish momentum as long as it trades below 2623 and 2612, targeting 2585. A break below 2585, confirmed by a 1-hour or 4-hour candle close, could push the price further down to 2558. The gold market is expected to remain volatile, with the upcoming GDP report playing a crucial role: If GDP comes in below the expected 2.8%, this could support a bullish move. If GDP exceeds 2.8%, this could reinforce the bearish trend. Key Levels Pivot Point: 2612 Resistance Levels: 2623, 2638, 2653 Support Levels: 2585, 2572, 2558 Trend Outlook Bearish below 2623 and 2612 Bullish above 2623
OANDA:XAUUSDShort
by SroshMayi
AUD/JPY Short and GBP/AUD ShortAUD/JPY Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/AUD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
Short
by StewySongs
PLTR: Technical Analysis (TA) and GEX for December 20Market Overview for December 19, 2024 Today’s market showed consolidation across major indices, with limited directional movement and investor caution following recent Federal Reserve policy updates. The S&P 500 and Nasdaq Composite experienced marginal declines, while the Dow Jones Industrial Average remained flat. Treasury yields exhibited mixed movements, reflecting a blend of economic resilience and sector-specific challenges. Key highlights: * Sector Movers: Darden Restaurants surged nearly 15% on strong results, while Lamb Weston and Micron Technology saw sharp declines. * Sentiment: Caution persisted due to mixed economic data and limited clarity on 2025 rate cuts. ---------------------- Technical Analysis (TA) and GEX for PLTR 1. Key Levels (Based on Charts) * Support: * $72.00 (2nd Put Wall) * $70.27 (Bearish channel support) * $68.00 (3rd Put Wall) * Resistance: * $75.50 - Immediate resistance from today’s price action. * $77.61 - Key GEX level. * $80.00 - Highest positive NET GEX. 2. Price Action Insights * PLTR’s price action suggests consolidation within a bearish descending channel on the hourly chart. * Recent rejection near $75.50 indicates sellers defending this level. * Intraday low volume suggests weaker momentum, aligning with a sideways trend. 3. Indicators Analysis * 9 EMA and 21 EMA: * Both EMAs are flattening, indicating a lack of strong momentum. * MACD: * Nearing a bearish crossover on lower timeframes, signaling potential downside pressure. * Options Oscillator: * Call activity dominates, with 83.9% calls indicating bullish sentiment, though it remains unconfirmed by price action. 4. GEX Analysis * Key Gamma Levels: * $75: 73% (2nd Call Wall) - Acts as a pivot level for tomorrow. * $77: 52.26% (3rd Call Wall) - Bullish breakout above this level signals momentum. * $72: 13.55% (-Put Wall) - First downside support. * $70: Critical put support for bearish scenarios. Trading Outlook for Tomorrow Bullish Scenario: * A break above $75.50 with strong volume can lead to $77.61 (GEX resistance) and potentially $80. Bearish Scenario: * Failure to hold $74 could result in a decline to $72 (Put Wall), with further downside to $70 in a bearish continuation. Neutral/Range-Bound Scenario: * Consolidation between $74 and $75.50, consistent with today’s activity, remains likely if volume stays muted. Actionable Suggestions * Entry: * Bullish: Above $75.50 with targets at $77 and $80. * Bearish: Below $74 with targets at $72 and $70. * Stop-Loss: * Long: Below $74. * Short: Above $75.50. * Scalping Opportunity: * Monitor breakouts from the $74–$75.50 range for quick trades. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk appropriately before trading.
NASDAQ:PLTR
by BullBearInsights
Can ALGO Break Free? Bulls Eye $0.531, but First $0.453! Algorand ALGO is tiptoeing around $0.4288, the mid of the range zone with slow and choppy price action. 1 A decisive break above $0.453 could give the bulls a reason to celebrate, clearing the path for a run toward the next resistance at $0.531. If momentum builds, we could see ALGO stretching its legs and aiming even higher (Green Projections). 2. On the flip side, if $0.398 fails to act as a safety net, things could get bearish short-term. Bears might take charge, dragging the price toward the next support at $0.32. That’s where traders may want to look for potential signs of life and opportunity to DCA (Red Projection). To sum it up: $0.453 is the hurdle bulls need to clear for upside excitement, while $0.398 is the line in the sand for buyers. It’s ALGO’s time to decide—will it climb higher or hit the floor? Stay tuned!
by Trade-Lean
UNI Approaches Oversold Territory With Breakout Potential AheadBINANCE:UNIUSDT has struggled to maintain bullish momentum, retreating from its highs to test key levels. Resistance lies at $13.011 and $13.155, while support is seen at $12.801 and $12.654. The narrowing price band hints at potential breakout volatility. The 9 EMA trending below the 20 EMA underscores bearish conditions. The MACD histogram reveals decreasing bearish momentum, indicating a possible reversal. RSI readings in the oversold zone suggest that buyers might soon regain control. Trading Strategy: Short positions could be placed near $13.011, targeting $12.654, with stops above $13.155. Long traders might enter near $12.801, aiming for an upward move toward $13.155.
by StevenWalgenbach