See above my thoughts on Gold for the coming week with both buy and sell levels. For a buy am looking at entering at 2644 expecting 2665 as the first resistance then 2676 to 2678 as high resistance , if broken gold will have confirmed a bullish movement so expect 2700 and up next. On the downside ill look to enter at 2632 expecting resistance 2624 to 2620 area , if we continue then 2608 to 2600 possible . after that 2592 high resistance leading to 2584 which will confirm the reversal
The current gold scenario suggests a short-term buying opportunity in the range of 2630-2636 till 2685-89. This is an intraday setup. Follow for further updates and feel free to comment for more guidance and regular signals.
It's hard not to be bullish on Block right now as it breaks out from a multi-year accumulation. On a weekly chart the 200 ma has broken out and held on a retest and price continues to ride the 9 ema. I've labeled some overhead resistances to be aware of and possible areas to take some profits. My personal play is to take off 20% at the first horizontal (120s) and another 20% off at 160s.
BINANCE:AUCTIONUSDT ?Which side you pick? Bull or Bear Low-risk status: 3x-4x Leverage Mid-risk status: 5x-8x Leverage (For beginners, I suggest low risk status) ?Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area:1 Step now 2nd Step in Yellow zone = ⚡️TP: 19.75 22.50 25.57 29.26 ?SL: 12.60 ?The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
The stock has been moving within a parallel channel and is currently taking support at the trendline (TL). From here, it has the potential to move upwards and reach the resistance line of the channel. This setup indicates a **65%+ potential target**.
Let's see if NASDAQ:MARA is bouncing temporarily or if this is the beginning of something bigger. In recent sessions, some stops were triggered, and the price touched the Fibonacci Extension at 61.8%.
NVO has sold off brutally after breaking the macro momentum trend. This stock was indeed overheated but sold off even worse after a miss on projected weight loss percentage of a new med. We have hit the golden pocket correction. BBWP is maxed out, and stochastic RSI is bottoming. This is extremely overblown, this new med is not even adding to their already massive revenue. I expect NVO to hit well over 110$ this year as healthcare in general lags into uncertain markets. I love trading these gap style plays or massive over reaction sell offs. Novo Nordisk is one of the most fundamentally strong companies in the world. As SPX becomes even more expensive, investors will look internationally. My plan: Short term side ways I plan on layering into out of the money LEAPS, likely 110 as that will allow me to capture a lot of delta expansion
aaveusdt long ?Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position ⛔️INSTRUCTIONS 1: Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss ⛔️INSTRUCTIONS 2: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20
FOMC upcoming will it hold? There are still some open liquidations. but also feeling there is still some accumilation. NExt week will be party mode. Either up or down. lets see it. FOMC can also drop to 88k? Maybeeeeeeee
Happy Saturday traders! ?? Would like to share what my thoughts were on the USDCAD BUY TRADE I took going into the new year. The USD/CAD was trading above a KEY RESISTANCE area. As explained by the red/black/green indications on the chart. Don’t forget to like and share your thoughts on this awesome trade.