Today FORECAST on GOLD Opportunity for GOLD. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR). Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
Today will be slightly gap up opening expected in banknifty. Expected opening near 51450 level. After opening it will face resistance at this level and expected downside from this level. Strong upside rally only expected if banknifty starts trading and sustain above 51550 level. Also, Major downside expected below 50950 level. Currently banknifty trading in between the zone of 51050-51450 level. Any major directional rally only expected after breakout this zone.
Gold continues to fluctuate and converges in a triangle range. The main reason is due to the early market impact of Christmas Eve. From the picture above, the price breaks through the downward trend line and forms a horizontal consolidation in the short term. The price has not completely escaped from the shock zone and is expected to repeat again. Pay attention to 2608/2633 during the day! Pay attention to 2608/2633 during the day! Gold rebounded first in the Asian session, but there is still suppression above 2632. Gold is still in a volatile market. The unilateral trend has not come yet, so the rebound of gold in the Asian session will continue to be short; gold is directly short near 2631 in the Asian session! Gold is still in a shock range in 1 hour. If gold is under pressure at 2632, it may still fall under pressure. Don’t chase the rise easily when gold rushes up quickly in the Asian session. It may fall under pressure at any time; only after gold breaks through and stabilizes at 2632, gold may reverse, and then consider falling back to long. First support: 2610, second support: 2600, third support: 2588 First resistance: 2632, second resistance: 2646, third resistance: 2658 Trading strategy: Sell high and buy low according to resistance
Based on my short term analysis, BTC going to 120k and then dumping to 70k in a span of days.
Hi there, This is my idea on $BTCUSDT. It appears it is forming an ascending broadening wedge on larger timeframes, in this case 1-D timeframe. That is what my analysis is based upon anyway. In my opinion I believe that BTC will continue to trade within this range until we hit 21st January; Donald Trump's Inauguration which then I believe a massive rally may occur due to Trumps new pro-crypto approach. I have put Impulse 2 and the arrow where I believe a breakout of this wedge may occur, targeting $125,000-$130,000 As for indicators and technical, all timeframes are looking healthy. 1-D RSI looks like it's getting ready for a move we need it to cross to form a golden cross which would signal a bullish approach. As for Stochastic RSI it seems that it has already crossed. Could be awfully wrong with this analysis, however, it's an idea. Contributions matter. Not financial advice. Thank you for taking the time to look at my idea :)
Hello everyone, Ben here! Last week, we witnessed a significant drop in gold prices, with the metal hitting a low of $2,583 at one point. Currently, gold is trading around $2,627, stabilizing over the week. The hawkish signal from the Federal Reserve (Fed) last week, indicating a slower pace of rate cuts in 2025, has supported the US Dollar (USD), which remains near its two-year high. This strength in the USD continues to weigh on the non-yielding metal. Additionally, a positive risk sentiment has further limited the upside for gold. However, geopolitical risks stemming from the prolonged Russia-Ukraine war, tensions in the Middle East, and fears of a trade war continue to lend some support to gold as a safe-haven asset. Moreover, a modest pullback in US Treasury yields has provided some relief, fostering light buying interest amid thin holiday trading during Christmas Eve. As such, it may be wise to wait for some follow-through buying before positioning for any further recovery from last week’s one-month low.
A final decline in wave (c) would likely coming ahead! Respect to the Minor degree wave 2 as a double zigzag correction(wxy), on the ongoing wave y wave (b) is likely in progress and its decline of wave(c) will coming soon. The fibonacci target : 10.10
targetting bellow the previous breakout. IM expecting it to go up during the day to reach the previous breakout area or resistance to the left
Hi there, The price has formed a bullish-pennant on the 1-D timeframe as-well as what appears to be a bullish descending triangle. If it manages to breakout we could be looking at $3.8 heading into the New Years. The Stoch RSI has crossed on the 1-D timeframe and the RSI is also heading in that same direction which would then signal a golden cross which could signal a bullish movement. At current time of posting this the RSI sits at 54.84 to 58.79, it's coming close to forming that golden cross. Lower timeframes are looking healthy. Consolidation is essential. The apex of the bullish descending triangle would coincidentally be around New Years Eve. The apex for the pennant is also coincidentally on the 21st January; Donald Trumps Inauguration. It seems as if it was written in the stars. Who knows what could happen and who knows, I could be awfully wrong. With the SEC chairman being replaced and the possibility of the lawsuit being dropped XRPs future is bright and filled with ups and downs, but I will be there all the way along the journey. Not financial advice. Thank you for taking the time to look at my idea :)
Today is still a holiday but the market is still active. After a strong increase in the Asian session, gold price has increased to 2626. Confirming that the uptrend can dominate today. Resistance at 2633 is still a strong zone in a gloomy day of the market. Break 2633 will find BUY points to continue to target 2658. 2608 and 2584 will play a key support role today when there is any selling pressure beyond 2621.