Based on the current market situation, there is a high probability of a short-term upward movement in XAU/USD. The long-term trend remains bullish; however, we are currently experiencing a correction, which so far has not been particularly deep. Given the evolving dynamics in the broader markets, various scenarios could unfold. The continuous rise of technology stocks and cryptocurrencies has diverted capital away from gold into equities and crypto markets. While this trend may persist for a while, it is unlikely to last indefinitely. In my view, a short-term opportunity exists. While there is still a possibility of a deeper drop today, I anticipate a rebound during the Asian session , which could strengthen further into the European and U.S. sessions. Good luck and trade wisely!
Some reasons I think this pair will fall: - RSI Overbought on H1 - RSI Divergence on H1 - Price bounced off a resistance zone and trend line on H4 * If price breaks trend line there will be a sell opportunity. (I personally would wait for price to retest the blue trendline) What do you think?
TopGolf NYSE:MODG finally closed the last price gap on the daily chart from the 2020 pandemic crash. All price gaps (as of this analysis) are now above the current price. While I am not stating this is bottom (high $6's or even low $5's are not fully off the table given the downward momentum), there is a lot of growth still on the table for this company. The current fair value is probably near $18-$19 and this stock has a cyclical nature to it. So, while it may be a bumpy near-term investment, the earnings growth, cashflow, and low debt of this company is appealing. Thus, at $7.85, NYSE:MODG is in a personal buy zone (starter position) with more investment is if dips into the $6- or $5-range. Target #1 = $10 Target #2 = $12 Target #3 = $14 Target #4 = $15
Fast price movement appears unsustainable, expect short term retrace. 2 is probably a safe rebuy level, but could go as low as 1.
Chart Analysis: The Dow Jones Industrial Average remains firmly within an ascending channel (green zone), with the current price nearing key channel support after a pullback. 1️⃣ Ascending Channel: The price continues to respect the upward-sloping channel, which has been intact since mid-August. The lower boundary, near 43,450, is a critical support level to monitor. 2️⃣ Moving Averages: 50-day SMA (blue): The price is testing this level at 43,514, which aligns with the channel support, acting as confluence. 200-day SMA (red): Positioned at 40,705, reinforcing the broader bullish trend and serving as a long-term support zone. 3️⃣ Momentum Indicators: RSI: Currently at 39.77, approaching oversold territory. A bounce from this level could signal renewed buying interest. MACD: Bearish momentum persists, with the MACD line trending downward. However, traders may watch for signs of a crossover near support. What to Watch: A successful defense of the ascending channel support and 50-day SMA could provide a foundation for a rebound toward the channel's upper boundary. If the support fails, the next significant area of interest would be the 42,000 level or the 200-day SMA near 40,705. RSI movement and MACD signals will be key for confirming shifts in momentum. The Dow remains within its bullish channel, but traders will be closely watching how price reacts to this critical support zone. -MW
Market Context: Altura (ALU) has delivered an impressive rally and is now poised for a healthy retracement to retest the previous resistance as support at the $0.08 zone. This setup offers a solid risk-to-reward opportunity if price holds this level. Trade Details: Entry Zone: Around $0.08 Take Profit Targets: $0.16 $0.24 Stop Loss: Daily close below $0.07 This setup capitalizes on ALU's pullback to support, aiming to catch the next upward expansion. ?
**“In my opinion, the Dollar Index (DXY) has always been the key determinant of market sentiment and direction, and it still is. Today, with the distance created from China, everything is more tied to the DXY than ever before. I truly can’t tell you whether the drop will start from the 106-107 range, because my mind is intensely occupied with the 111-112 range. However, I can say with certainty that in 2025, the 103-104 range will be touched first, and then we’ll move toward two other specified levels. This aligns perfectly with an explosion in cryptocurrency and altcoins. You just need to stay on the field, as wrestlers say — eventually, you’ll strike a winning blow somewhere.”**
Short-Idee: Der POC wurde bereits gebrochen. Ich warte, dass der Kurs den Support durchbricht und danach diesen als Widerstand testet – erst dann steige ich Short ein. Long-Idee: Für einen Long-Einstieg warte ich, bis der POC gebrochen wird und als Support hält. Sicherer ist es, auf einen BOS zu warten, alternativ kann man mit höherem Risiko direkt einsteigen und den SL logisch setzen.
Bei BEL/USDT würde sich bei ~1$ ein bearishes (negatives) BAT Muster bilden. Also aktuelles mittel- langfristiges Preisziel bei BEL: 1$
USDCAD currency pair can be expected to rise to the next round resistance level 1.4400 (target price for the completion of the active impulse wave (3)).