Gold fluctuated at a high level between 2982 and 3000 on Monday, and 3000 points became the focus of competition between bulls and bears. The current gold price is around 3000, and the upper resistance is at 3006-3009. Once it breaks through, it may test the high of 3020. The lower support is stable in the 2981-2978 area. For today's operation, it is recommended to mainly short on rebound, supplemented by short on pullback strategy. Operation strategy 1: It is recommended to go short at 3000-3005 on the rebound, with a stop loss of 3013, and the target is 2990-2980, and the target is 2970. Operation strategy 2: It is recommended to go long at 2970-2965 on the pullback, with a stop loss of 2957, and the target is 2995-3015.
DAX is now net long on the regression break. With the other European indexes not joining in, I will not take this trade. It has been a good run this year.
XRP - The polarising project that everyone loves to hate! Nevertheless, XRP is here to stay. After being gifted with some hefty gains Q4 24 into Q1 25 due to various fundamental factors (BTC breaks ATH, USA going pro-crypto, further speculative advantages ) the token has recently hit a ceiling around ATH; where price has chopped between $2 and $3.25. recent discussions around the strategic reserve have failed to ignite any major price action; stifled by ongoing SEC deliberations which maintain elements of uncertainty regarding regulatory clarity. Many theories around the future of this bull run and the future of the crypto sphere in general are diverse. One thing for certain, is the present market does not bide well to supporting an aggressive breakout in the immediate term. With ongoing conflict, inconsistent messaging from the US, and wider market influences (Stocks, FX and others becoming increasingly over inflated) risk on assets are not front of mind right now. With this said, what is interesting is that large imbalances have been left before or after consolidation; with areas of note being $1 and $1.69 respectively. $2 has developed as a very strong support; thus break below here could see sustained downturn in price action until clarity is provided around the future of the project. Given most crypto assets are hovering around highs or ATH's the market too provides little upside opportunity compared to downside risk. If I was a MM; I would want to be positioned much lower in case of major financial unrest in other markets to hedge against potential losses. Imbalances provide such an opportunity and would be accessed through a black swan event, or other narrative influenced price action. As such, my outlook for the immediate term is expect a very tumultuous 3-6 months. Don't be surprised if mainstream media get behind a FUD narrative, and the retail pile on commences. My call - Atleast another retest of the $2 psychological support level. Break here; we are headed straight for $1.69 which would be a great buy. Enough Mainstream FUD; and retailers could be caught in shorts below this price down to around the $1.00 level. Both levels offer amazing long term RR opportunities.
Stocks such as Rigetti Computing Inc., Quantum Computing Inc., D-Wave Quantum Inc., and IonQ Inc. have all seen triple-digit gains over the past six months and over the past year. The exchange-traded fund that tracks these stocks, the Defiance Quantum ETF, increased 26.29% over the past six months and 53.69% over the past year. Specifically, D-Wave Quantum Inc. (NYSE: QBTS) increased 405.22% over the past six months and 718.31% over the past year. Since these quantum computing companies are still in their growth phase and currently have negative earnings, it is not possible to use the price-earnings ratio to estimate their valuation. However, the price-to-sales ratio, which is found by dividing a company's market capitalization by its total sales, can be used to value these companies. According to Bloomberg data, QBTS's P/S ratio is 104.63. ---> What is the company's technical outlook? Looking at the table, the company is CLEARLY BULLISH on its main timeframes. Today, it stopped right at a VERY IMPORTANT RESISTANCE level located at 11.97, which also coincided with the day's PIVOT POINT R2. If it breaks above the 12 level, it would directly test the 13.26 level, its all-time high reached on August 8, 2022. --> What risks do we face? The biggest risks observed are: 1) Bad news that may come out about the company or its sector (quantum computing). 2) The high appreciation they have experienced over the last year. 3) That today it reached its first major resistance to overcome and could begin a pullback to attack the zone again. --> What happens if it starts to pull back? I've drawn the Fibonacci retracements on the chart to give us an idea of the areas the price could fall to if it were to start a pullback, but as long as it doesn't lose the 7 zone, its upward trend will remain intact. Best regards and good trading to all. ---------------------------------------------------------------------- **** The small chart above is the WEEKLY timeframe to get a global view of the price. ----------------------------------------------------------------------
I want to go long. I am long on gold. but I need to see it pull back and establish a low for he week first before I'm interested in attempting the long. This would make for a much stronger move. Just have to be patient and wait for it all to line up inside of the killzone.
Bullish on NASDAQ:ARM up to the trend line or the 20 week SMA
? #US30 Buy 40920 - 40790 ? Stoploss 40530 Breakeven 40925 TakeProfit 1: 40940 TakeProfit 2: 41020 TakeProfit 3: 41160 TakeProfit 4: 41280 TakeProfit 5: 41400 Trade at your own risk Protect your capital The Wizard ?♂️ Thursday 03/13/2025 01 PM EST
CRYPTOCAP:PEPE | 4h The price is now outside the distribution curve and is starting to establish a base here If we can hold .0070 to .0068 (PoC), I believe we could test .008 to .009 (short-term target). I expect the price would pull back down to the current level .0070s before we reach higher targets.
On the chart, we can see a strong previous price drop followed by consolidation. The marked zones represent the key resistance area, where the price has faced multiple rejections, and the support area, where several bounces have occurred. Currently, the price is in the middle of this range, indicating liquidity accumulation without a clear direction. A breakout above resistance could signal further recovery, while a breakdown below support could indicate a continuation of the downtrend.
I am looking for a quiet day in the S&P 500 as the market momentum continues to the upside and the market gets ready for the Fed announcements on Wednesday.