Looking at the USDCHF exchange rate you might see that the price reached support level. There might be short term uptrend following the previous highs. Take Profit 1 - 0.89772 Take Profit 2 - 0.90195 Stop Loss - 0.88858
Gold opens the fourth week of December, continuing its move to take out supplies at $2636. The market indicates a potential sweep of demands at $2608 before the next hedge opportunity arises. Traders are advised to align with the prevailing momentum as the market navigates critical levels follow for more insight .
As predicted in weekly forecast, the trend is bearish for this week. However, 4hrly TF it's still in bullish momentum. I will look for selling opportunity from 2643 and targeting 2608 initially.
Dips are for buying. Nice fib retracement . I think this is the turning point. Long and strong.
schaut nach einer Bullenflagge aus.Unterstützung und Ausbruch Makiert
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Here's a daily view of MSTR. I expect a classical Trend-Barrier Reversal. Let's see how this plays out. Happy Christmas all §8-)
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (DOGEUSDT 1W chart) https://www.tradingview.com/x/pwXHP4aj/ As the price falls, the HA-High indicator is expected to be created at the 0.37778 point. Accordingly, the key is whether it can rise above 0.37778. If not, 1st: 0.26850-0.28000 2nd: M-Signal on the 1M chart You need to check whether it can rise with support near the 1st and 2nd above. - Since the StochRSI indicator has fallen below the overbought level, it seems likely to continue to decline further. However, when looking at the StochRSI indicator, volatility may occur when it reaches around the 50 point, so caution is required. - (1D chart) https://www.tradingview.com/x/TrcAT4K0/ - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) https://www.tradingview.com/x/WBuhqVrT/ Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) https://www.tradingview.com/x/YtZx6YSG/ Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - https://www.tradingview.com/x/zTnWN2r7/ The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
So we've seen the Gold price enter a ranging phase in December following the election. Volatility has dropped significantly though, the Gold price did see some fairly large moves due to economic news surrounding price inflation and the Fed's analysis for monetary policy going into 2025. Last week's close saw the gold price respect the current price channel, although we might see some more sideways movement until Donald Trump takes office. I believe the market will be looking to see how the Trump Administration's policies start to solidify and what that means for inflation. Governor Powell said in his Press Conference that the Fed has entered a new phase, noting that the cash rate is still restrictive, however the board was concerned that inflation may have stalled on its way down to the Fed's target. Saying this, there was concern that the labour market was showing signs of weakness and this may prompt the Fed to reduce rates further. What does this mean for the Gold Price going into 2025? Its not surprising that we have seen some sideways movement following the strong rise through to November. Some uncertainty still surrounds what the Trump admin will do once they take office, Tariffs are the key issue affecting the Gold price primarily what impact they might have on domestic inflation. Geopolitical risk in Russia and the Middle East, along with Central Bank purchases of Gold are providing pretty strong support for the Gold price currently. Though this might change depending on Trump's plans for the creation of a strategic crypto reserve and what he might be able to achieve on a foreign policy standpoint in those two major conflicts. I would expect the upwards trend in Gold to continue but we may see a continuation of the current ranging pattern until some more certainty arrives after Trump takes office. Although, if history tells us anything, certainty and Donald Trump don't necessarily go well together.
QAN has running for a long time. Coming into the new year with large funds adjusting their fund allocation into 2025. Time to short!