NYMEX:CL1! ran major buy-side liquidity and is now retracing into an FVG. Risky setup since another key liquidity pool sits just above, making a further run likely but still a trade worth considering.
Seven months ago (August 05 2024, see chart below) we gave our long-term view on Gold (XAUUSD) based on the similarities of the current Cycle with the previous one (before the 2020 High): https://www.tradingview.com/chart/XAUUSD/yCX6bc4Z-XAUUSD-Bull-Cycle-still-intact-targeting-above-3000/ The market is now approaching our 3100 Target being up +24% since then. We will not go into the similarities between those two Cycles again. The market will complete on this price a +85.42% rise from the bottom, almost reaching the 3.0 Fibonacci extension. This cyclical pattern shows that when Gold Tops (on its 3rd 1W RSI High) and starts its 4-year Bear Cycle, the S&P500 (blue trend-line) extends its Bull Cycle up until the moment Gold tests its Bear Cycle Resistance and Double Tops, which is when the S&P500 starts its own Bear Cycle and corrects. Before Gold tops however, the stock market does experience a volatile phase, which is exactly what SPX has been through since January. This is a great signal telling us that Gold may indeed be headed towards a Cycle Top, perhaps even as early as a month from now. ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
GOLD The price looks to continue its bullish trend because now trying to stabilize above 2995, so, if the price can stabilize above 2994, means will continue the bullish trend toward 3008 and 3021. But, if the price drops and closes the next 4h candle below 2994 it will touch 2981 and then will try to stabilize at the bearish trend especially closing 1h volume below 2981 would support bearish toward 2954. Pivot line: 2993 Resistance lines: 3008, 3021, 3038 Support lines: 2981, 2970, 2954
Hi all, More of the same weird stuff where GME has been showing signs of wanting to spike for quite some time now. Generally last week and especially on friday it showed parabolic upwards spiking which usually happens when a move is imminent. If i was my old degenerate self, i'd be buying out of the money calls expiring this week, and i might just do that. I don't have a perfectly locked on AI model for GME yet so i don't know for sure yet what's going to happen. My model is okay but not perfect, last i have is a signal from the 11'th saying to buy 22.5 Puts and although that trade did win temporarily by dropping GME to 21.90, GME is now at 23.00 so yeah... needs a bit more time to train. Will update if i see signs of rejection/even more likely to pump. No idea when it will pump but due to the parabolic way the data is moving, it usually means the move is extremely imminent e.g day/days less than a week etc. Lets see. Will update once i have more.
Total Marketcap is at support around 2.60 which is at 50MA Weekly+ Last Higher High Right now scenario is HOLDING. which can see relief on coins across the board Buy those coins which are at major support
EURUSD has been in a very strong bullish trend. This week, i expect to see a reversal happening. As we prepare for the long awaited shorting opportunities, Let's enjoy the bulls. I see a buying opportunity, with the target set at 1.09500. Let me know your thoughts. Nice Trading.
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Technicals Institutions are dominating the market atm so CME gaps are being respected and we now have two bullish gaps open. Friday 7th we closed at $86.4k and then Friday 14th and $84.4k and with the volatility we'll get from the rate decision this week I expect both of these will get filled relatively soon. We have a potential incoming 'mini death cross' (I would usually consider the 50MA crossing below the 200MA a 'full' death cross, and tbh I would usually consider this set up to be more of a bottom indicator than a downtrend indicator) with the 20 Day Moving Average about to break below the 200 Day Moving Average. This will confirm a down trend and probably trigger alot of algos to sell. Filling the CME gaps might be enough to pull price up and avert the 'mini death cross' but it is inevitable that we get a mini death cross if we don't get price back above the 200 Day Moving Average. If we can't close a daily candle today above the 200MA (currently at $85.6k) then I think a short to $78.5k (local support) is likely as this now looks like the bottom of our current range. If we do close above the 200MA and close the CME gaps in the process I would long to the resistance zone at $89.3k - $91.4k. Macro The big market mover this week is the rate decision dropping on Wednesday at 6pm (GMT). Interest rates are nailed on to come in at 4.25%-4.5% with only a 1% chance that we get a cut. We will get volatility going into the announcement (we always do) but I have a sneaking suspicion we get a bounce coming out of the rate pause as the recent data is bullish. Recession is openly being discussed, the job market is weakening at the same time as inflation is coming down so its logical to assume that the FED will take a dovish tone in the post announcement comments.
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Bitcoin (BTC) prices have successfully maintained their position above the $78,000 mark for over a week, suggesting that the market may have moved past its recent downturn. This price level remains a critical support zone, and there are currently no significant signs of it being challenged in the near future. On the upside, the $85,000 […]