Gold has broken out of 2 bullish trend lines and I am looking for a retest of the resistance level before entering a sell position.
Price may sweep the highs to take out the liquidity above resistance before moving bearish.
I will be looking for the retest then waiting for a closure below $2321.30 for extra confirmation.
Trends are mostly in an upward movement stage, looking to remove the violation left of the 12hr / Daily lower high trend indicators.
Trends into today are;
Last Macro Trend Signal Spots (ES Contract)
30m - 5086 Uptrend (5/2/2024) Higher High
1Hr - 5117 Uptrend (5/1/2024) Higher High
2Hr - 5117 Uptrend (5/1/2024) Lower High
3Hr - 5157 Uptrend (5/3/2024) Higher...
1) Lifetime high stock
2) The tourism sector is a focus, so pay attention to this stock.
3) fundmental stock is good but small, high PE
4) all target and stoploss in chart
5) 200 TG
no recommendation for buy and sell
now xau/usd (gold ) is trading at 2302 it is showing us new targets on trend line so we would like to follow(focus ) on new way so targets are highlited on chart
( this analyse is not investment advise we just follow market pattern &mavericks)
Gold is trading at 2296, with a notable resistance level observed at 2300. Should gold breach this resistance, traders may consider pursuing the following targets: 2310 to 2318.
Alternatively, should a sell pattern manifest, indicating a potential downturn, traders may anticipate the following support levels: The initial support rests at 2275, followed by...
The video explains it all a lot better, but basically, we are sitting with higher highs and lower lows on the trend timeframes that brought us here (30m-4hr), otherwise known as the Pac-Man symbol.
Trends into today are;
Last Macro Trend Signal Spots (ES Contract)
30m - 5083 Uptrend (4/25/2024) Higher High
1Hr - 5083 Uptrend (4/25/2024) Higher High
2Hr - 5131...
Grok showing a new interest volume which could be confirmed in the coming time frames.
GROK is also one of the coins that is green for the cycle
This coin could need some time to find the right levels.
Confirming for an already broken Wyckoff structure at the bottom of the fractal, next point is a mitigation of the last point of the last downward trend or maybe a total liquidation of it
USDJPY is on a strong bullish rally, mainly due to the weakening of the Japanese yen. If you decide to chase the bull, beware of getting caught in the act.
That's because the Japanese Yen has reached the BOJ intervention zone. I think the real worry comes in when the market strikes the 161.93 to 163.26 range, and the intervention would be imminent.
Without any...
So again, I cashed out my trade just above 5000 as we fell last night following the Israel drone strike against Iran. Most of that dip appears to have resolved itself, at least for the moment, but those geopolitical issues will likely be crucial to the potential of a market fall in the coming days.
I go into it in the video, but major Earnings are next week, and...
CARVANA NYSE:CVNA - Feb. 15th, 2024
BUY/LONG ZONE (GREEN): $48.00 - $60.00
DO NOT TRADE/DNT ZONE (WHITE): $40.00 - $48.00
SELL/SHORT ZONE (RED): $25.25 - $40.00
By request. My main focus would be on the range between $40.00 - $48.00, this area has determined the trend five times, which are seen each time price touches and breaks or touches and rejects....
A quick Follow-up on the GBP/USD Long Trade.
We have reversed the position at 1.2448 a test of the structure 2.
Technically, the trend is still down and a failure to trade above the structure 2 makes the GBP/USD still bearish.
The last Bullish wave 4 to 5 has given us a short setup using the Fibonacci. This is a high-probability setup for a strong reversal (short)...
Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Oil reached a support level again.
We haven't broken the rising trend yet, we can expect another rise.
I trust that we can also make a small profit with this.
Buying NASDAQ:META and NASDAQ:NVDA : Balancing Risk and Reward
Despite the recent market downturn, the long uptrend and strength of Meta and Nvidia remain intact. While short-term market fluctuations may present challenges, the long-term growth potential of Meta and Nvidia outweighs the current market volatility.
Risk-Reward Profile:
While investing in any...
