1. Price will rise short term to ~$133 2. Price will fall to ~$92 and potentially even lower to sub $86 - this zone is the BUY zone 3. Price will take off to ALL TIME HIGHS Chart is looking very bullish, but be patient as price drops for one last time. STOP LOSS should be set ~$64
Gold is observed in an uptrend channel since 30th December 2024 As at 24th January 2025, Gold struggles to break 30th October 2024 resistance zone. A pullback from the resistance zone to retest previous break of structure at the short term support price level or break through this level towards the lower trend channel line before proceeding with the uptrend to retest the resistance level again. Should buyers failed to hold the price at the lower trend channel line, expect price to reach the support zone
42-44 region of a correction at a time of a retrace. RSI is turning over at resistance. The only oscillator yet to indicate a bearish move is MACD with H.A.
If, and this is a BIG if, Unity Software can impress with their earnings report on January 30th (which I'm personally betting on) then I think that NYSE:U can make it's way up to the line of "conservative" resistance on this ascending channel by mid-February ($30+). ??? Also, I recently posted a video on YouTube discussing NYSE:U and why I'm bullish on it in 2025 if you want to check it out. ????
pff too many gaps anyways and we have a 4 hourly rsi bear div and declining volume and a swing fail pattern on our latest ATH along with an RTH (regular trading hours) CVD ( cumulative volume delta) bearish divergence and all of you are way too bullish anyways its bear time
Hi fellow traders, INJUSDT is ready to make a move higher after completing the complex correction in WXY formation. Target the 58.4946 level. Good luck and trade safe!
First of all, note that this symbol is highly volatile and risky. From the point where I placed the red arrow on the chart, it seems that the COOKIE correction has begun. Currently, it appears that COOKIE is in wave B of an ABC pattern or possibly a more complex structure. As long as the red zone is maintained, it is expected to move toward the specified targets. Closing a 4-hour candle above the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
✍️ NOVA hello everyone, Let's comment on gold price next week from 01/27/2025 - 01/31/2025 ? World situation: Gold prices continued to rise this week, nearing the all-time high of $2,790, with a breakthrough seeming increasingly likely. Comments from US President Donald Trump could serve as a potential catalyst for further gains, especially as he hinted at holding off on imposing tariffs on Chinese goods. Currently, XAU/USD stands at $2,772, up 0.60%. Market sentiment turned slightly cautious despite Trump's softened stance on trade policies with both allies and rivals. On the economic front, Friday's US data showed an improvement in December's manufacturing activity, according to S&P Global, while the University of Michigan's final January survey revealed a decline in consumer sentiment. ? Identify: Positive market - the chance of gold price reaching new ATH is very high. The moves on the chance of interest rate cut still exist after President TRUMP supported lower interest rates than the current ? Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2790, $2800, $2820 Support : $2754, $2719 ? NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Elliott wave analysis on daily graph for BTCUSDT shows end of uptrend. Be careful dear traders.
BTC in the short term is looking very much like a WXYXZ is forming. We should therefore see a low, which could temporarily breach the lower trend line. In fact, it'd make for a bullish signal if it did - so watch this carefully. If we see it ping back within the channel, then the formation will likely complete. Next thing we'll need to look for us the breakthrough of the upper trend line. This would then lead to higher higher and the completion of wave 5 of 1 which we have long been looking for. I'm not going to take any actions here until either trend line is decisively broken leading to a trend change. Looks good though, follow for more.