Gold price remains confined in a narrow range as traders await US CPI on Thursday
10 January 2024
• Gold price extends its consolidative price move above a multi-week low touched on Monday.
•The Fed rate cut uncertainty is holding back traders from placing aggressive directional bets.
• Elevated US bond yields underpin the USD and cap gains ahead of the US CPI...
We just saw the gap get filled at $123 as I said would happen and that was the short entry to $110 for some fast and furious money! I’m shorting Tesla with 50x leverage from $123.01 to $110.02. From there I will take profit and renter maybe $1112-113 for the ride down to $93. On the swing trade for 2-6 months I see a target of $66. I’ll post another macro chart...
Was reminded today about the volume indicator, and thought this was in interesting pattern in Oil. The price very much likes to be range bound and channel sideways during the low volume periods, offering opportunity to trade as it breaks out up or down. The 30 min chart on Oil really shows the volume spikes early-mid day and they look alot like a heart monitor...
ICICIBANK made broke out of triangle pattern on an hourly chart with good volumes & sustained above beakout.
Could be bought with mentioned stoploss & target
Fixed range volume profile was set from 15 Dec 2018 which is equal to $3135 bottom price and up to $68976 10 Nov 2021.
Based on that information I have drawn levels that show us strong zones for holding price movement. As you can see there is fighting for a 30K support level between bulls and bears. For us, it is an important zone, because if we drop below it the...
At the top we see here the DEFI index, daily chart, and below the weekly chart of Bitcoin (2018)
A series of lackluster rallies , lower highs on decreasing volume suggest that demand is really poor.
Institutions have quickly sold their assets off the top and run away from this market (RISK ON->RISK OFF MODE)
Lower highs suggest a break of the support. That...
Buyers are active in the current price, and if the volume increase the price will break the resistance level and go beyond the resistance.
If the prices come lower level and breaks 77.50 level it is predicted that it will move do down direction.
----4 hour chart----
In 4 hour time frame price is creating a value area,
if The buyers are more active then the...
Today closing already broke 50% support line ($9.68) and the next support line will be $8.60 ( 0.618)
Might need 5 to 10 trading days to see if this will be the bottom at this time.No hurry to long.
Overnight price continued to the downside as noted yesterday. It took out last week Friday's low. In overnight session, it has taken out Asian highs. Today I expect the price to be on upside. Note last trading day of the week, so everyone should be flat by end of the day as you never know what will happen during the long weekend.
