Gold prices today are maintaining a sideways trend compared to yesterday, trading around the 2,634 USD level. The outlook for U.S. interest rates remains the key factor supporting gold's upward momentum. Trade policies under President Trump, along with the Federal Reserve's interest rate trajectory, will be crucial elements influencing the inflation landscape and directly impacting gold prices. According to technical analysis, gold is currently recovering and heading towards resistance at 2,636 USD. If this level is broken, gold may continue its upward trend, with the next target set at 2,651 USD. The current gold market still carries many uncertainties, so maintaining a solid risk management strategy and closely monitoring global developments will be essential to protect trading accounts.
BINANCE:PNUTUSDT "$Pnut is currently priced at 0.7032, but the resistance levels are pretty close—around 0.7545, 0.8433, and 0.9345. ? What that means is that the price is likely to face some strong pushback when it tries to go higher, so don’t expect a massive surge in the short term. ⚠️ If you’re holding $Pnut right now, I’d be careful. ? I wouldn't recommend holding it at these levels for too long because it could potentially retrace. Instead, you might want to keep an eye on the support levels, which are at 0.600 and 0.0600. ? If the price drops towards those areas, it could be a good spot to watch for a possible bounce or buy opportunity. ? Just a reminder—this isn't financial advice, just sharing my observations. ?"
?Hello guys, today let's review 8hour price chart for GIGA. Currently pullback in progress, however price chart still looks strong with sequence of higher lows. ?Bullish 3 drives in progress, expecting final high at/near 30 cents, currently trading at 0.07 in wave 4 correction/pullback, expecting consolidation for 5-10 days before a push for the new ATH, get ready to scoop up low for 500% gains. ?Recommended strategy bulls: BUY/HOLD low at/near 0.05 in the re-accumulation range in wave 4 pullback. TP bulls is 30 cents, 500%+ gains possible in this trade. ?Please hit the like button and ?Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
I plan to buy the ICICIBANK 1290 Put Option (January Contract) CMP: 25.90 | Best buy below 15.00 STOPLOSS: 7.50 TARGET: 1260 January future level. Validity: Till 27th January 2025 Trading session. Disclaimer: This is not a trade recommendation, for educational purposes only.
Overview and Current Price Movement: The stock is currently 25% down from its all-time high (ATH) of 100. This decline indicates a correction phase after a significant rally. The price is approaching a critical support zone, which aligns with the daily 200 moving average. Historically, this moving average acts as a dynamic support level for many stocks, offering a potential entry point for long-term investors. Entry Price and Risk Assessment: Optimal entry price: The chart suggests an entry point of 72-73. This range is based on a confluence of technical factors, including: Proximity to the 200 moving average. The stock's recent support levels. Maximum drawdown risk: A potential drawdown to the 61-63 range represents a 10-12% downside risk. This is the worst-case scenario if the stock breaks below key support levels. Price Targets: Conservative Price Target (TP1): Target Price: 87.50 This represents a 20% upside from the optimal entry point. The price aligns with previous resistance levels and fits within a shorter-term recovery rally. Optimistic Price Target (TP2): Target Price: 100 This level represents a full recovery to the ATH, offering a 37% upside. The target is more achievable under a strong bullish trend, potentially driven by market catalysts or favorable earnings. Technical Patterns and Indicators: The chart indicates a descending triangle, a pattern often associated with bearish continuations. However, in this case, the price is near a breakout zone, which could result in upward momentum. Key Resistance Levels: The stock has tested resistance levels around 87-90 multiple times, making this a critical level for bullish confirmation. A breakout here may fuel the rally toward TP2. Support Strength: The 72-73 range has demonstrated strong buying interest in the past, making it a reliable level for entering trades with reduced downside risk. Strategy Recommendations by @dogofwallstreets Buy at 72-73: Place limit orders within this range to capitalize on the optimal entry opportunity. Stop-Loss Placement: Consider placing a stop-loss around 61, which aligns with the worst-case scenario. This ensures risk is limited to 10-12% of capital. Profit-Taking: Start taking profits at 87.50 (TP1). For more aggressive strategies, hold until 100 (TP2), especially if the price action shows bullish momentum. Here’s a detailed market analysis based on your chart for RDS (Res Dar Saada): Overview and Current Price Movement The stock is currently 25% down from its all-time high (ATH) of 100. This decline indicates a correction phase after a significant rally. The price is approaching a critical support zone, which aligns with the daily 200 moving average. Historically, this moving average acts as a dynamic support level for many stocks, offering a potential entry point for long-term investors. Entry Price and Risk Assessment Optimal entry price: The chart suggests an entry point of 72-73. This range is based on a confluence of technical factors, including: Proximity to the 200 moving average. The stock's recent support levels. Maximum drawdown risk: A potential drawdown to the 61-63 range represents a 10-12% downside risk. This is the worst-case scenario if the stock breaks below key support levels. Price Targets Conservative Price Target (TP1): Target Price: 87.50 This represents a 20% upside from the optimal entry point. The price aligns with previous resistance levels and fits within a shorter-term recovery rally. Optimistic Price Target (TP2): Target Price: 100 This level represents a full recovery to the ATH, offering a 37% upside. The target is more achievable under a strong bullish trend, potentially driven by market catalysts or favorable earnings. Technical Patterns and Indicators Descending Triangle Pattern: The chart indicates a descending triangle, a pattern often associated with bearish continuations. However, in this case, the price is near a breakout zone, which could result in upward momentum. Key Resistance Levels: The stock has tested resistance levels around 87-90 multiple times, making this a critical level for bullish confirmation. A breakout here may fuel the rally toward TP2. Support Strength: The 72-73 range has demonstrated strong buying interest in the past, making it a reliable level for entering trades with reduced downside risk. Strategy Recommendations Buy at 72-73: Place limit orders within this range to capitalize on the optimal entry opportunity. Stop-Loss Placement: Consider placing a stop-loss around 61, which aligns with the worst-case scenario. This ensures risk is limited to 10-12% of capital. Profit-Taking: Start taking profits at 87.50 (TP1). For more aggressive strategies, hold until 100 (TP2), especially if the price action shows bullish momentum. Market Sentiment and Outlook: The stock's 200 moving average proximity and strong support zones suggest the potential for a rebound. However, any breakdown below 61-63 would signal further weakness. A rally to the optimistic target is plausible if overall market conditions improve or if the company releases favorable updates. Conclusion: RDS (Res Dar Saada) is currently in a pivotal phase, offering a promising risk-reward ratio. The suggested entry range of 72-73 provides an excellent opportunity for both short-term gains (TP1: 87.50) and long-term upside (TP2: 100). Traders should monitor price action closely, especially around key support and resistance levels.
Looking at the weekly chart. If the price manages to break above the current resistance around 109k, we could see the next leg up all the way to the major resistance of the trend which is around 180k. Close below 85-86k is dangerous. So we continue to asses the chart as it goes along.
Hello all, first i want to wish you a good and healthy 2025. It has bin a while since i posted here on TV. Ive been more active on twitter tbh. I charted CRYPTOCAP:SUI on higher TF, and i remember other coins doing this pattern, as long as the 1.618 fib holds, there is a big chance sui will hit $7.50+ and then a sharp selloff. This selloff is for buying, if iam right ; $22+ is the target after this. Lets see where this goes in a couple weeks. Cheers
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https://www.tradingview.com/x/HOWhV28H/ A bearish divergence is forming with Algorand, requiring Algo to close above the lower high "wick". This is a strong move, but with Bitcoin testing the head and shoulders trendline and Ethereum forming a bear flag, it seems like a trap. Indicators suggest a downward trend.
I will be posting all my personal trades from now Let's see how this one goes