GOLD Awaits Breakout Amid Key Data Releases!
GOLD is forming a symmetrical triangle, signaling a potential breakout soon. The price is consolidating near the 2675-2681 resistance zone, a key area to watch.
The PPI data released yesterday slightly disappointed dollar buyers, offering support to the forex market and causing a small correction in gold. Looking ahead, CPI data could bring further support to the market and drive volatility.
If GOLD breaks above 2681, we could see an upward move toward higher levels. However, a failure to hold above this zone may trigger a bearish breakdown toward lower supports.
Resistance: 2675, 2681, 2690
Support: 2667, 2656
The triangle’s apex suggests a decisive move is imminent.
Watch the CPI data and stay alert for the breakout! 🚨
Longposition
BTC Daily Bullish Pennant FormationThis is the daily chart for BTC/USD. BTC appears to be trading inside a triangle after a large bullish impulse. Price is currently trying to regain the 50 simple moving average (yellow line). If BTC breaks the 50 day simple moving average, I expect the price to break out of the pennant forming and test higher highs. RSI is nuetral at 52 at time time of publishing. Price action has maintained candle closes on the daily above 92k.
Target for the next leg up is the 1.618 extension from the most recent High to swing low. This would put the PA around 120k.
NFA, do your own DD.
Thanks for viewing the idea.
Kalyan Jewellers H&S BOThe stock is exhibiting a potential Head and Shoulders (H&S) breakout after a significant rally from 130 to 800.
However, there is a risk of a false breakout for distribution purposes, so it's important to proceed with caution.
small supply can be seen at 880 levels.
A strong breakout would be more reliable if supported by good trading volumes.
Additionally, a stop loss (SL) can be set at the low of the shoulder, with a strong daily candle close below 710 indicating a possible reversal.
Always remember to do your own research before making any investment decisions.
XRP the time has finally come
COINBASE:XRPUSD
alright guys today is an exciting day...
long position buy order set for $2.10....can set for $2.15 just to be sure order fills....that 5 cents is not going to matter one bit for the next move that is imminent....we are currently in an ABCDE correction after Novembers wave 3 rip that we all enjoyed...i am excited to say we have reached the end of our time here in this corrective phase and the time to move up is here. we have been inside this bull flag since November and through the entire month of December... we have now reached the wave E and are very much in the final leg...price drop to 2.08 area to the bottom of the trend line will then result in the beginning of the 5th wave where will see a very dramatic price spike to the upside and out of this bull flag....my personal price targets for exits will be $2.98-$3.49-and $3.76....with other technical analysis from the community suggesting a much higher price than even these...its important to remember your game plan. and to stick to it..dont let someone elses opinion effect your vision. know your exit and follow through...without a proper exit strategy and the discipline to stay on course in the moment you might as well just be throwing mud at the wall and hoping some sticks...with discipline you will profit...with greed you will be the last one holding the bag...good luck
USD/JPY: Continuation Pattern in Focus?The USD/JPY pair is currently in a significant uptrend on the daily chart, characterised by a series of rising highs and lows. Following a marked upward movement, the price has entered a consolidation phase, indicating a temporary pause before potentially resuming its directional trajectory. This sideways movement is often interpreted as preparation for a breakout, presenting an intriguing opportunity for attentive investors.
Possible Buy Scenario
Should the price manage to breach the resistance within the current consolidation range, approximately at the 158.00 level, it could signal a resumption of the uptrend in the coming days. A daily close above this resistance would strongly indicate a continuation of the upward momentum, with a target set around the 161.75 region (approximately 350 pips). This target marks the next significant resistance zone on the chart and represents the highest price observed in recent years, largely attributed to the Bank of Japan's decision to maintain very low interest rates, leading to a considerable depreciation of the Yen.
In this scenario, an effective risk management strategy could involve placing a stop loss just below the low of the consolidation range, around 155.80 (approximately 250 pips), to protect against potential false breakouts.
Alternative Sell Scenario
Conversely, if the price fails to break through the resistance and instead falls below the consolidation level at 155.80, this could signal a possible reversal or a deeper correction. Under these circumstances, the USD/JPY might seek lower support, such as the 151.50 region, which aligns with a previous support zone on the chart.
This scenario would indicate a shift in market behaviour, potentially influenced by macroeconomic events or fundamental data that could impact risk appetite.
In summary
Investors should closely monitor macroeconomic developments, including US employment data, speeches from Federal Reserve officials, and geopolitical events, as these can introduce volatility into the pair. Paying attention to price behaviour within the consolidation range will be crucial in determining which of the outlined scenarios is most likely to materialise.
Disclaimer
74.2% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Bullish Continuation for SPX500After Trading in a small consolidation SPX looks to pick back up on its Bullish movement.
- Price has broken and now retesting bearish trendline.
-Price swept the lows of the liquidity and is now retesting the previous resistance of the zone.
The Retest is taking place at the H1 lvl resistance 5,903
- Rejection wick with an inside bar pattern
- There's a weak bullish divergence with the previous low.
-Wait for your entry signal
AGLDUSDT Long Setup - Spot BINANCE:AGLDUSDT
📈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
Yellow zone: 2nd step = 2.61-2.32
⚡️TP:
3.13
3.55
4.13
🔴SL:
1.99
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
DOT 1hr with TA by GrokAI
Given the chart provided and your interest in cryptocurrency trading, here's an in-depth technical analysis (TA) of the DOT/USDT chart:
Price Action & Trend:
The price is currently near a resistance level around 7,732 USDT. This level has been tested multiple times, indicating strong resistance.
There's a visible uptrend before hitting this resistance, suggesting bullish momentum leading up to this point.
Moving Averages (MA):
The 20-period SMA (Simple Moving Average) is above the 50-period SMA, which is typically a bullish sign, indicating short-term momentum is stronger than the long-term trend.
The price has crossed below the 20-period SMA, which might suggest a potential reversal or correction phase if the resistance at 7,732 holds.
Volume:
There's a noticeable increase in volume at the resistance level, which could indicate either a strong push to break through or a rejection at this price level.
Relative Strength Index (RSI):
The RSI is approaching overbought territory but hasn't crossed into it yet. This suggests that while the asset is gaining strength, it's not yet at a level where a significant pullback is imminent due to overbought conditions.
Chande Momentum Oscillator (CMO):
The CMO shows momentum is positive but has started to decline, which could be early signs of weakening bullish momentum.
Fibonacci Retracement:
If we consider the recent uptrend from the low around 7,112 to the high at 7,732, the Fibonacci levels could be:
23.6% at around 7,270
38.2% at around 7,380
50% at around 7,422 (which is also a psychological level)
61.8% at around 7,464
These levels could act as support if the price pulls back from the current resistance.
Support and Resistance:
Immediate support could be found around the 20-period SMA, which is currently around 7,700 and descending.
Stronger support might be around the 50-period SMA, which is lower, around 7,650.
Potential Scenarios:
Bullish Scenario: If the price breaks above the 7,732 resistance with strong volume, it could target the next psychological level around 7,800 or higher.
Bearish Scenario: If the price fails to break the resistance and volume decreases, we might see a correction towards the Fibonacci levels or the moving averages.
Given your interest in cryptocurrencies and previous posts about market movements, it's crucial to watch for confirmation of a breakout or breakdown. If you're looking to make a decision based on this chart:
For Long Positions: Consider waiting for a confirmed breakout above 7,732 with increased volume for a safer entry point.
For Short Positions: Look for a failure to break the resistance followed by a decrease in volume and price action confirming a move lower.
Always remember to use stop-loss orders to manage risk, especially in markets known for volatility like cryptocurrencies.
ALANSCOTT BO & wait for retestThe stock provided a breakout and is currently encountering some supply at its all-time high.
It would be wise to let it absorb this supply and wait for a retest before considering entry.
For a successful SL hit, we should ideally see a strong 1week candle on our chart—it’s crucial to use that timeframe.
Following the breakdown, the ideal exit point would be after a consecutive candle that breaks below the breakdown candle
As always, remember to do your own research before making any investment decisions!
Ethereum Bullish Outlook: Targeting $8,000 During Altcoin SeasonBINANCE:ETHUSDT
COINBASE:ETHUSD
📈Which side you pick?
Bulls or Bears
SL1 ---> Low-risk status: 1x-2x Leverage
SL2 ---> Mid-risk status: 3x-4x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
After the alt-season scenario occurs, a very likely target for ETH/USDT is around $8,000. Currently, the price is stabilizing, and if it remains within this zone, a strong breakout could drive the price up to the $8,000 target.
In another scenario, if the price breaks below the red zone, a lower dynamic support line could provide protection for buyers around the $2,500 to $2,600 range.
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
4K
5.2K
6K
6.8K (Risk-free level)(if the price reached this level, risk-free your positions.)
8K
🔴SL:
2850$
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Alikze »» LDO | Descending channel - 1W🔍 Technical analysis: Completion of corrective leg of bullish angle pattern
- In the weekly time frame, after the formation of a bullish corner pattern in the supply area, it has faced selling pressure.
- It is currently moving in a downward channel, which has encountered demand by touching the second area of the green box.
💎According to the upward momentum, in the first step, it can touch the target of 1.56, which is also the ceiling of the downward channel.
💎 Therefore, after the failure of the descending channel, in the case of Polk to the green box area, it can touch the next targets of 2.34 and the supply area (the previous major ceiling).
⚠️ In addition, if the green box area and Fibo 0.23 of the previous wave break, the bullish scenario will be invalidated.⚠️
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BINANCE:LDOUSDT
AUD/USD at a Key Support Level on the Weekly ChartThe AUD/USD pair has experienced a significant decline of nearly 11% without any substantial pullbacks since September 2024. It has now reached a crucial support level on the weekly chart at 0.6200.
This recent downward movement has been influenced, in part, by Donald Trump's return to the US presidency. His administration has traditionally prioritised a “putting America first” stance, pledging to reinvigorate the economy and support American industry.
Now, the pressing question is: Will the AUD/USD break through this support and continue its fall, or will it experience a bullish pullback in the coming days?
The AUD/USD is currently situated in a decisive region. A break below the support could pave the way for further declines, while a successful breach of the downtrend line could initiate a more significant upward movement.
Possible Bullish Scenario
The AUD/USD could enter a bullish trend if the price breaks above the high of the December 31 candle, approximately 0.6240.
Possible Target : The target could be set in the vicinity of the 38.2% Fibonacci retracement level, around 0.6470 (approximately 220 pips above the entry point).
Stop Loss : A suitable stop loss may be placed just below the support level on the weekly chart, at about 0.6150 (approximately 90 pips from the entry).
Alternative Scenario: Breakdown of Support
Conversely, if the price breaks below the support level on the weekly chart, it could signal a continuation of the downtrend, potentially driving the AUD/USD down to the 0.6000 mark within a few days.
Key Considerations
Investors should remain vigilant regarding upcoming macroeconomic data releases from both the US and Australia, as well as any initial decisions made by President Donald Trump following his return to office. These factors could significantly influence the direction of the AUD/USD pair in the near term.
Disclaimer
74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
"STG/USDT targets $2-$5 amid bullish momentum and Vitalik buzz!
Chart Analysis:
1. Current Price: STG is trading at $0.4167, above the 50-day EMA ($0.3561) and the 200-day EMA ($0.3695), indicating a short-term bullish trend.
2. Key Resistance Levels:
- $0.5662: Immediate resistance, as it marks a previous price reaction zone.
- $0.7293: A critical level to breach for bullish momentum continuation.
- $0.8782: Strong resistance zone before entering the $1 range.
3. Volume: Recent spikes in volume suggest increased buying interest.
4. Potential Upside Targets:
- $2: A significant psychological and technical resistance, requiring a breakout above $0.8782 and consistent volume.
- $3: Mid-term target, achievable if $2 holds as support.
- $5: A long-term target, contingent on a sustained macroeconomic and market-wide crypto rally.
Vitalik Buterin's Involvement:
Recent reports about Vitalik Buterin's mention or potential association with STG might fuel speculative interest, leading to increased buying pressure. His name often correlates with trust and excitement in the crypto community. However, without clear confirmation or significant utility driven by his involvement, this may remain speculative.
Conclusion:
- Short Term: Watch for a breakout above $0.5662 and sustained volume.
- Mid to Long Term: Achieving $2, $3, and $5 depends on broader market conditions, ecosystem development, and concrete news about Buterin's role.
Bayer AG Analysis: Growth Potential and Positive Buying SentimenThe history of Bayer AG shares goes through many key moments and events:
Foundation and early years: Bayer was founded in 1863 by Friedrich Bayer and Johann Wagner in Germany. The company initially dealt with the production of chemicals and textile dyes.
Development of aspirin: In 1897, Bayer synthesized aspirin, which became one of the most recognizable drugs in the world. This is considered one of the key moments that established the profile of the company.
World War I: During World War I, most of Bayer's assets were confiscated by the Allies, and the company was forced to reorganize.
World War II and post-war period: Bayer, like many German companies, went through significant changes after World War II. A few years later, Bayer joined the newly formed chemical group "Fritz Haber" and focused on innovation.
Diversification and Growth: In the 1970s and 1980s, the company began to diversify into areas such as pharmaceuticals, agronomy, and biotechnology.
Acquisitions and New Products: Bayer AG acquired companies that strengthened its portfolio, including Monsanto in 2018, which provided significant advances in agronomy.
Recent Challenges: In recent years, the company has faced legal challenges and disputes related to its products, particularly glyphosate, the active ingredient in Roundup.
Key Points
Oakmark International fund manager David Herro sees growth potential for Bayer.
The company's agricultural cycle is showing signs of bottoming out.
Bayer AG operates in three main segments: Crop Science, Pharmaceuticals, and Consumer Health.
The Crop Science segment focuses on sustainable agriculture through seeds and crop protection.
The Pharmaceuticals segment offers prescription products, particularly in the areas of cardiology and women's health.
The Consumer Health segment includes nonsteroidal dermatology products and health supplements.
Porsche is a hot topic for investors in 2025Porsche is a hot topic for investors in 2025, trading near historic lows. Barclays recently upgraded the stock to Overweight with a price target of €70, saying the current price could represent a good opportunity for long-term investors. Despite a 15% decline in the past month, earnings growth expectations for 2025 and 2026 remain above 10% per year, despite doubts about volume and margin targets.
TRADINGVIEW
INVESTING.COM
Key risks include the company’s reliance on the U.S. and Chinese markets, as well as the impact of tariffs. However, the positive outlook for electric vehicles and Porsche’s luxury segment is keeping the stock attractive.
Crude Oil January Futures: Bullish Option Trade SetupBuilding upon my prior analysis, where I held a bearish outlook on Crude Oil January Futures , I now present a contrasting bullish perspective. While I had previously emphasized the confidentiality of the stop-loss level for short trades, this setup focuses on a call option strategy aligned with my expectations of upward momentum in the market.
For this trade, I have chosen the 6000 strike call option . The optimal entry point for this position is below ₹234.20 , providing a favorable risk-reward ratio. As of this writing, the current market quote (best offer) stands at ₹186.00 , offering an attractive entry opportunity for bullish traders.
My target for this position is set at ₹468.40 , which I anticipate achieving by the contract's expiry on 15th January 2025.
Key Notes:
This trade is based on my personal analysis and market perspective.
It is important to emphasize that this is not a trade recommendation for the public.
The stop-loss level remains confidential and forms an integral part of my risk management approach.
Disclaimer:
Trading in options and futures involves significant risk and may not be suitable for all investors. This analysis is solely my personal view and is shared for informational purposes. Perform your own due diligence or consult with a financial advisor before making any trading decisions.
Quick Rally For 3030 Has Fallen to a High volume trading area reaching the point of control that could act as a strong support, added There's also a strong Hidden Bullish Divergence on the RSI that gives great indication that we could see a rally up from this daily support lvl (42,300) back to the "trend line" break & previous structure low,(Filling the sell side imbalance -FVG)
Confluences on This Trade
- Rejecting Daily support lvl 42,266
- Rejecting Demand zone
- @ 38.2 Fib Retracement
- Hidden Bullish Divergence (RSI)
- Buy Side imbalance fill
- Daily Volume Support
Lock in with your LTF Bullish Entry Signal,
WAIT FOR YOUR CONFIRMATION AND
**RISK ACCORDINGLY
Intro to the next possible move:
After this bullish move - price could reject the Trend line and previous structure low, then continue down.
**This bullish to bearish move would give price action a "Head and shoulders ish" Pattern on a HTF.
Caution on the Bearish Sell- we have high volume right below the 41,000 bank lvl that could act as a support.
with all of that being said the one thing that gives me great hesitation on the 2nd part of this move The "Bearish Sell" is the fact that this current pull back only brought price down to the 38.2 Fib lvl, so this could just be a minor pull back for a big Bullish continuation move.