Short Term Sell (Provided that price doesn’t carry on up from current level)
Short term SELL should pull price pullback to BUY levels
Before reaching Buy TP’s
Trend Line Break
RARE INCREASE TREND WITH BREAK POSSIBLITYWe will follow Rare for the next 48H to see if it's able to break to the next target.
Also if it will have a small correction first will be a great trend.. for reentry.
$0,43 is an important trend level that could get tested soon.
There is a high chance this coin can show a new volume.
$SPY daily A look at the daily chart will help support my last post. You have the MACD divergence, the trend breakdown, the volume spike... nothing about this looks bullish to me. If anyone has a different outlook I'd love to hear it. If I'm not seeing something, please let me know.
$SPY 3/15/24 Continued Bearish MACD divergence continuing to play out with a breakdown of wedge trend line. We saw the 508 target get hit today and still face layers of resistance overhead (512ish-515ish-518ATH) ....AND there is a gap still to be filled below (501ish-497ish). If we're going to make another respectable run at ATH then we need to fill the gap and let this MACD divergence play out. If you push up now, you still face the bearish MACD divergence on the daily (and longer hourly charts) with an unfilled gap below 500. We know SPY loves whole numbers and we've seen how it's reacted and responded to the 500 price level in the past. I expect it to have the same magnetism now as it did before.
As always, assume nothing and remove your bias. Let the chart lead the way.
For now, this is what I'm seeing.
GOLD → Retest of resistance before further decline FX:XAUUSD continues to trade within the counter-trend correction channel. Another resistance retest is being formed, and the market is under pressure from the resistance.
Gold has a neutral-negative fundamental background due to a wave of positive news in the US market. The dollar is strengthening a bit, which generally forms a resistance pressure on the gold. At the same time GOLD-ETF sell-offs continue. Technically, on H1 the price is testing the resistance of the descending channel, the fundamental background is negative and most likely, the decline may continue from the upper boundary of the channel. The market maker may form a false breakdown of resistance before further decline.
Resistance levels: 2175
Support levels: 2144, 2125
There are no reasons for growth continuation. Funamental and technical factors indicate a high probability of further decline. There is no news today, the market should be more or less calm.
COMEX:GC1! COMEX_MINI:MGC1! NCDEX:GOLD TVC:DXY
Regards R. Linda!
Gold continues to go down, entry sell todayWorld gold prices decreased slightly with spot gold down 12.1 USD to 2,161.4 USD/ounce. Gold futures last traded at 2,166.5 USD/ounce, down 14.3 USD compared to yesterday morning.
World yellow metal prices reversed and decreased slightly in the trading session on March 14 (US time) when the market received more inflation data that was not as expected. The latest report showed that inflation in the US increased slightly higher than expected, helping the US Dollar Index recover and US Treasury bond yields increase.
Accordingly, the producer price index (PPI) increased by 0.6% in February, double the forecast increase of 0.3% over the previous month and the increase of 0.3% in the January report. Previous Meanwhile, in the middle of this week, another report showed that the consumer price index (CPI) increased by 3.2% over the same period last year, higher than experts' forecast of an increase of 3.1%. The core CPI in February increased by 3.8% compared to the expected increase of 3.7%. CPI and PPI data both increased stronger than forecast, fading the prospect that the US Federal Reserve (Fed) will soon cut interest rates.
Technically, April gold futures speculators have a solid overall near-term technical advantage. A four-week steep uptrend is underway on the daily bar chart. The bulls' next upside price objective is to produce a close above solid resistance at $2,203 an ounce. Bears' next near-term price objective is to push futures prices below solid technical support at $2,100 an ounce.
GOLD → Rally halted, price preparing for correction FX:XAUUSD is in the correction phase. A range between 2195 and 2145 is forming. On the local timeframe, the expected correction range is formed, and at this time the price is testing the psychological resistance level.
The growth of gold stops. The price does not reach 2200. Obchms are declining, price is forming a consolidation or even a trading range. On H1 the price broke the support of the local ascending channel, which may start the correction to 2144. Another retest of the resistance zone or a false breakdown before further decline is possible. Below 2144 there is a liquidity area formed, which is of interest to the market and the price may test this area in the near future. Today at 12:30 GMT we are waiting for news that may give us a medium-term potential.
Resistance levels: 2175, 2185, 2195.
Support levels: 2157, 2144
Before the news, the price may test the resistance, but it would be logical to see further correction at these liquidity areas
TVC:DXY TVC:GOLD NCDEX:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Regards R. Linda!
WIF THE SKY IS THE LIMITWIF Showing a new ATH, and it seems interesting for the daily trend.
We following the trend to see how this can gain new targets.
💡 XAUUSD: Back to rising momentumGold prices today on the international market increased in the context of investors hoping that the US Federal Reserve (FED) will cut interest rates in June 2024, despite rising inflation in the US. From there, they reduce their need to hold USD, causing this currency to depreciate, benefiting gold prices.
Analysts say that if the US cuts interest rates, gold prices will skyrocket. If the FED does not cut interest rates, the market will have concerns about rising inflation, which could push up gold prices.
Meanwhile, escalating geopolitical tensions due to the Russia-Ukraine military conflict has maintained the need for safe haven capital in gold. Gold price has conditions to increase.
#GAS/USDT SPOT LONG ENTRY#GAS/USDT SPOT LONG ENTRY🍀
Leverage: 1x
Entries: $8.124
Take profit 1: $9.206
Take profit 2: $13.578
Take profit 3: $22.643
Stop Loss: $5.075
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
NIFTY DAILY - 13/3/2024Nifty open with gap up opening and bulls didn’t survive in the market and bear took control and made days low that is 21905 level.
Nifty has broken the trend line support and formed a red big candle with upper and lower shadow.
MACD is giving Crossdown.
90% of the candle is below the 9 days Exponential Moving Average line.
Index has broken the support level which was 22272 so, further support will be 21791 level with resistance of 22115 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 6
Decline - 43
FII Sell – 4595.06 crore
DII Buy +9093.72 crore
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
GOLD → Liquidation of sellers could trigger a fall. Target 2100?FX:XAUUSD stops after a strong rally. A new ATH = 2195 is formed, after which the market starts the correction phase. The support 2175 is broken and the price tests 2150. There is a probability of continuation of decrease but after resistance retest.
The fundamental background has been maintained since Tuesday. Yesterday we got CPI positive for the dollar, which temporarily strengthens the index and negatively affects the gold. After the 2175 breakout, the market gives us a move of almost 240 pips. Fundamentally, there is no important news today, so the market is influenced by yesterday's data.
On H1, consolidation is forming below 2161. Buyers are trying to buy back the fall, but sellers do not let prices go above 2165. In this case, the most likely scenario may be a shakeout (false breakdown of 2165) and liquidation of sellers before a further decline to 2144 - 2100.
Resistance levels: 2165, 2175
Support levels: 2144, 2125, 2100
The correction phase is most likely not over yet. The price may test the resistance before a further decline with a negative fundamental background
TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! NCDEX:GOLD
Regards R. Linda!
USDCHF → Retest of a previously broken trend FX:USDCHF is forming a correction after breaking the support of the uptrend. The dollar is in an unstable situation and in a phase of decline, which may favor the CHF, in which case the currency pair may decline.
Globally - bearish trend. The resistance retest is formed and the price is not ready to renew the maximum yet and breaks the structure of the pre-breakdown consolidation. A local range below the key level is being formed.
On H1 the price is testing the previously broken flat support, most likely the price may go flat and test the channel boundary after which the decline may resume. The target is the global flat support.
Resistance levels: 0.87830, channel boundary, 0.88758
Support levels: 0.87280, 0.85800
I expect that the retest of resistance will be in the form of a false breakdown after which the decline of the currency pair may continue.
Regards R. Linda!
GOLD → High readiness for correctionFX:XAUUSD is consolidating above 2175, but at the same time a descending triangle is forming. Theoretically, price should break support, which will form a false break of 2175.
On D1, volumes are declining, price is stopping after a strong rally.
On H1, support 2175-2175 is formed and price has been squeezing towards support for a few hours, which increases the chances of a support breakout. But! If buyers do hold this area, the price may test the local high or 2200 before further declines. The dollar index is forming a correction from support, which is giving a corresponding reaction in the gold market as well.
A descending triangle is forming on H1. A break of the support at 2175 will give an impulse to the lower levels.
Resistance levels: 2185, 2195, 2200
Support levels: 2175, 2161, 2144
I expect correction after the false breakdown of 2175. Consolidation of the price below the level will give confirmation that the market is ready to correct
TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY
Regards R. Linda!
BITCOIN → What's next? 50K or 75-80K? Is bitcoin still strong?BINANCE:BTCUSD reaches ATH a bit faster than everyone expected. The correction reaches 14% after which the market actively redeems all the fall and tests the resistance again. Growing further? What is happening?
It is not excluded that a fall is possible, because at least the normal reaction to global zones is a correction of 20% or more. I am not indicating 100% probability of my words, but I am leaning on the situation at the moment.
After a false breakdown of 69K is formed, the market forms a correction. Huge sell-offs from the psychological level of 69K are forming. Even Bitcoin-kit of Satoshi's time sold 1000 BTC mined 14 years ago for $68 million. But, the next day the market starts to buy back the strong fall. This leads the price to another retest of resistance. The flagship continues to show a huge interest from people, which gives us quite important preconditions for further waiting.
I won't go into some old and deep stuff. Let's get straight to the interesting stuff:
An interesting setup is forming on D1. False breakout without any reaction. Consolidation. Price pushing to resistance. It seems to be nothing special, but this situation indicates the presence of a strong buyer or the absence of a seller, which is more likely. Friday's closing near the level tells us that the buyer is not finished yet and can continue his actions (buying the asset)
Local critical zones - support areas are formed within the consolidation. There are several scenarios regarding H1-H4. The resistance 68575 - 69000 plays an important role for us.
Scenario 1. Orange:
If price continues to trade within 69K - 65759, followed by a pre-breakout consolidation formation, price squeeze to 69K, slow approach on low volatility, this will entrain the chances of resistance breakout followed by price rise to 75K-80K.
Scenario 2. Red-Green.
The 69K - 66265K range will not be enough. Price may break the support structure: 66264 - 65759 after which a deep correction phase will start, heading towards 64K, 62K, 59K. But, a false breakdown of one of the areas with subsequent consolidation will form a potential that can restore the price to 69K. After that we expect the realization of the first scenario. Squeezing to 69K with subsequent breakout and growth to 75K-80K.
The bullish structure will break when the support at 60365 is broken, which will activate the liquidation phase and start the correction to farther support lines
INDEX:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL
Regards R. Linda!
💡 XAUUSD: Under pressure from USDGold prices reversed sharply today after the US announced data related to inflation that was slightly higher than forecast.
Specifically, the consumer price index (CPI) in February in the US increased by 3.2%, 0.1 percentage point higher than the market expectation of an increase of 3.1%.
CPI increased slightly, making investors worry that inflation in the US may heat up. This may cause the FED to maintain high interest rates for a long time. Accordingly, they increase their holdings of USD to help this currency increase in value. Gold price today is in a disadvantageous position.
On the other hand, US bond interest rates jumped from 4%/year to 4.14%/year, motivating many people to put capital into bonds. Meaning very little money flows into precious metals. Gold prices today are under more pressure to go down
Gold fell again, selling trend todayAfter peaking at 1,282 USD/ounce, the world's gold price today, March 13, was sold very strongly when inflation in the US increased slightly and the USD increased in value compared to many other foreign currencies.
Gold prices reversed sharply today after the US announced data related to inflation that was slightly higher than forecast.
Specifically, the consumer price index (CPI) in February in the US increased by 3.2%, 0.1 percentage point higher than the market expectation of an increase of 3.1%.
CPI increased slightly, making investors worry that inflation in the US may heat up. This may cause the FED to maintain high interest rates for a long time. Accordingly, they increase their holdings of USD to help this currency increase in value. Gold price today is in a disadvantageous position.
On the other hand, US bond interest rates jumped from 4%/year to 4.14%/year, motivating many people to put capital into bonds. Meaning very little money flows into precious metals. Gold prices today are under more pressure to go down.
SMH shortBearish Engulfing, breakaway Gap, trendline break + retest.
assumption: Fib# Ext. to 3.618 ( 238 ), retracement to 1.618 (182)
Short 240
Stop 225
Target 185
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
#TROY/USDT SPOT LONG ENTRY#TROY/USDT SPOT LONG ENTRY
Leverage: 1x
Entries: $0.003403
Take profit 1: $0.005043
Take profit 2: $0.011711
Take profit 3: $0.031713
Stop Loss: $0.002000
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
BINANCE:TROYUSDT
Thanks
The sroced.
AUDJPY Noticed a clear break of structure ( 4H )
Break of trendline --> potential selling opportunity
And now, waiting for a retest on the supply
Short term --> SELL
Long term ---> BUY
GOLD → 2200 is unaffected. Are we close to a correction?FX:XAUUSD has been trading quietly since the opening of the session, but after a strong growth the price starts to stop. 2195 - 2168 actual consolidation. It is necessary to follow the reaction of the price to the flat boundaries.
The market today without news, trading can be quite calm. The dollar index is testing a strong support area, the shadow of Friday's candle indicates a possible correction. Gold may react the same way. The price of the metal after a strong rise stops, resistance begins to appear in the market. Bull Run cannot last forever, the market maker can reverse the local price movement with the purpose of liquidation. It is worth paying attention to the support at 2175, 2161, 2144. The break of the structure of these zones may start the correction phase.
Resistance levels: 2194, 2200
Support levels: 2175, 2168, 2161
I expect a correction, which may come either when the mentioned support lines and liquidity zones are broken or after the test of 2200
CAPITALCOM:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Regards R. Linda!
USDCAD → Attempting a trend change. Target 1.34?FX:USDCAD demonstrates an attempt to change the trend on the background of weak USD fundamentals. The Canadian is strengthening on this background and this phase may continue further.
Globally, the currency pair is in the range of 1.32 - 1.38. Trading is taking place between intermediate strong levels. Buyers are still unable to overcome 1.35, as the dollar index shows weakness amid high inflation in the US. In this case, the dollar may continue to lose ground, which is favorable for the Canadian dollar. Most likely, in the medium term, the price from the previously broken trend support or 1.35 may continue its decline towards the key, at the moment, liquidity zones indicated on the chart.
Resistance levels: 1.350, 1.35418
Support levels: 1.3475, 1.3409, 1.33585
I expect the end of the correction in the area of 1.350, which may further resume the downward movement with the goal of reaching the areas indicated on the chart.
Regards R. Linda!
