Gold will be Buy after the get lower Liquidity. check my zones and prices.. and be care full good luck!
OANDA:XAUUSD transitioning to a Correction Phase After Last Week's Economic Data. Market participants are generally confirming the bearish nature after returning to the channel. The market is broadly prepared for a 25% rate cut, but traders seem cautious about hints regarding the Fed's stance: whether the Fed will cut interest rates, shift to a wait-and-see approach, or imply a rate hike based on last week's economic data. Traders are eagerly awaiting the Fed's decision, which will be announced on December 18. Gold prices continue to be supported by safe-haven demand amidst ongoing geopolitical risks. Additionally, China's continued gold purchases are providing further momentum for this precious metal. Technically, after a false breakout at the 2721 level, a deep correction is forming, which typically develops into a local downward trend. Prices are approaching the panic zone of 2615-2600. During the Asian trading session, gold maintained its earlier recovery above $2650 as buyers still held control amidst the persistently weak US dollar and sluggish US Treasury yields, with attention on key resistance levels. Prices are heading toward the imbalance zone in the correction process. A swift approach and retest of resistance could trigger a recovery. Traders may enter the profit-taking phase before major news releases. Best regards, Bentradegold!
The market is beginning to look a lot more bearish this week IMO, so starting to look at some short setups after only taking longs basically since the election. Wouldn't be surprised if we had a bullish reaction after FOMC and into the end of the year, but expecting downside at this point. NFLX may be a good candidate for a short, clean channel break and has already failed on a retest once. Don't think I'd short here, maybe on another channel test or ATH test. I'd mainly be looking for puts if it breaks back below $909 and fails on a retest. Final downside target for this one will be a full retracement of the move from where the channel started around $859.
GOLD: Sideways Trend Persists Ahead of Fed Decision Gold price is currently trading in a sideways trend, struggling to find direction ahead of the Federal Reserve's policy announcement. The precious metal is caught between the 21-day Simple Moving Average (SMA) support at $2,655 and the 50-day SMA resistance at $2,671. Traders are adjusting their USD positions ahead of the Fed's decision, with mixed US PMI data and geopolitical tensions supporting gold prices. Markets have fully priced in a 25 basis point interest rate cut by the Fed. Technical indicators suggest a lack of clear directional bias, with the 14-day Relative Strength Index (RSI) trading flat at around the 50 level. Targets: Buy target : $2,700, $2,726 Sell target : $2,613, $2,600 Best Wishes Tom ?
XAUUSD Analysis – Potential Bullish Reversal from Support Zone Gold (XAUUSD) is trading at a key support area around 2640-2650, showing signs of a potential bounce for a bullish reversal. Technical Overview: Support Zone: 2640 (marked as a critical demand area) Resistance Targets: First Resistance: 2675 Second Resistance: 2690 Third Resistance: 2705+ Trend Outlook: Gold has shown a significant downtrend, breaking out of the bullish channel. However, price action near support suggests that buyers are stepping in, indicating a possible bullish reversal. Trade Idea: Look for buy opportunities near the 2640-2650 zone. Stop Loss: Below 2640 (to protect against further downside). Take Profit: Gradual targets at 2675, 2690, and higher if momentum builds. Notes: The reversal depends on the strength of support. If Gold holds the 2640 level, expect an upward move. Wait for confirmation of bullish candles or volume before entering. Trade safely and manage risk appropriately. Let’s see how the market reacts! ?✨
I posted a similar idea last week for SNOW, but after seeing it this week I think it deserves a spot on the top 5 list. Just had a nice bounce after retesting the $166.50 area. Still riding momentum off the massive earnings move. On top of that it has reclaimed a trendline from the recent high. First upside target is $176 and then up to the recent high around $187. I think this chart is too bullish to short, but if it does break below the trendline it could see $166.50 again relatively quickly. I think it's good for a long in this area and if you miss it, could be a good long on a break and retest of $176.
Xauusd Is Running Side way From Last Day. Now we have to wait for clear any Direction ?First strategy = If Market Break 2663 Then We Take Long/Buy order With (- 40pips) SL And (+100pips) Target ?Second strategy= if Market Break 2649 The we take Short/Sell Order With (- 40pips) SL And (+100pips) Target Trade with your own risk ‼️ From = Sam Brown
I wanted to share an interesting setup I’ve noticed on NASDAQ:AMD daily chart. The stock just completed what looks like a classic double bottom pattern—something it’s done before with impressive results. What I’m Seeing: Double Bottom Revisited: We can see that AMD has formed another “W” shaped bottom, where price tested a support zone twice and successfully bounced. Historical Precedent: The last time AMD completed a double bottom, the subsequent breakout and follow-through rally were significant. After the neckline breakout, price continued to move higher, rewarding patient traders and confirming the pattern’s bullish nature. Volume & Confirmation: It’s worth looking closely at volume to confirm the pattern. In many textbook double bottoms, volume often increases on the breakout, signaling that buyers are stepping in. If we see heavier trading volumes as AMD breaks through the neckline, it could be an indication that a similar move might unfold. Potential Price Target: A common way to project a double bottom target is to measure the height of the “W” and add it to the breakout point. If this pattern performs similarly to the last one, we could see a significant upside move. Of course, there are no guarantees, but patterns like these give traders a framework to manage risk and set objectives. What to Watch For: Neckline Break: A clean move above the neckline (resistance area) would be a key bullish signal. Volume Expansion: Higher volume on the breakout adds conviction. Market Conditions: Broader market health and sentiment can affect whether the pattern plays out as expected. AMD has shown us before that this pattern can precede major rallies. As always, manage your risk appropriately—no matter how promising a setup looks, it’s wise to confirm with price action and volume before jumping in.
World gold prices increased slightly as the USD dropped. Recorded at 9:45 am on December 17, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,470 points (down 0.08%). ➡️ The gold market is cautious as investors prepare to receive the decision of the US Federal Reserve (FED), which is expected to reduce interest rates with a "hawkish" message after the monetary policy meeting. last of the year. ➡️ Although gold prices maintained a sideways trend ahead of Wednesday's decision, one analyst said the message from the Fed could lead to a larger correction in the precious metals market. PREMIUM CHANNEL AVAILBLE
This is an ipdate to rwcept post on BTC dominance; monitoring closely as we entered mid of December?