Bearish setup Exhaustion of uptick in the downtrend, I call this setup the brutal setup. Bearish because Stoch RSI gets overbought and turning down, while 2 ATR line of EFI is slightly above zero (should be slightly above or lower then that) Entry 102065 SL: 102848 Target: 100630 Trade no: #00003
Bitcoin is traded in an ascending channel. The upper trend line has always regected. At the same time, ther is a bearish divergence. See you at 94k. Our Short Positions are still open. LTC/ LINK / ETH / BNB. All reached TP2 = 50% profit for each.
Looking back at the fractal I created a few months ago, it's playing out really well. Looking at the 5 waves that were put in within the first fractal, there could be an opportunity for the same 5 waves to play out within the second fractal. So, hold firm and keep XRP close and look forward to the eye watering upswide that we'll see within the next 6-7 months. Follow for more.
Since gold is not considered to have reached the lower demand zone, I think it will cover today's low. The main thing is that there are no conditions to enter the trade at the moment, so I will wait until I need to enter when I test the possible upper point. I think this will be during the New York kill zone.
Russell 2000 SHORT Trade: Russell 2000, on a 15-minute timeframe, delivered a perfect short trade using the Risological Swing Trader, achieving all targets in a seamless bearish move. The trade unfolded with precision, as the Risological Swing Trader pinpointed the entry and accurately mapped the downward trajectory. Each target was hit with remarkable accuracy, reflecting the tool's power in identifying high-probability trades. Enjoy and have a great weekend!
Gold has once again emerged as a focal point in global financial markets, gaining significant attention from investors amidst economic instability and geopolitical tensions. In 2024, the price of gold increased by over 28%, reaffirming its role as a reliable asset for capital preservation during uncertain times. Below, we explore the primary factors influencing gold prices, investment strategies, and future prospects for this precious metal. What Drives Gold Prices? 1. Geopolitical Tensions as a Catalyst: Political and military conflicts , such as those in the Middle East, amplify the appeal of gold as a "safe haven." During periods of uncertainty, gold becomes a hedge against shocks in the global economy, prompting higher demand from both individual investors and institutions. 2. Impact of U.S. Federal Reserve Policy: The Federal Reserve's monetary decisions significantly influence gold prices. The current economic environment, shaped by pressure for lower interest rates, benefits gold as an asset class. Under the influence of a potentially “dovish” U.S. administration, expectations of sustained inflation and reduced rates create a favorable backdrop for gold. 3. Increased Central Bank Purchases: Central banks worldwide have been actively boosting their gold reserves. Gold serves as a hedge against inflation and currency fluctuations, particularly for economies in regions like India and the Middle East, where the metal holds cultural and financial significance. Investment Opportunities in Gold Investing in gold offers diverse options, each catering to different risk appetites and levels of expertise: • Gold ETFs: Exchange-traded funds are an accessible entry point for novice investors due to their simplicity and low barriers to entry. These funds allow investors to gain exposure to gold without the complexities of physical ownership. • Shares of Gold Mining Companies: Stocks in companies like Newmont (USA), Barrick Gold (Canada), and Freeport-McMoRan (USA) offer potential for higher returns compared to direct gold investments. However, they come with added risks due to market volatility and company-specific factors. • Gold Futures: Futures contracts enable investors to lock in prices and mitigate volatility. This strategy is best suited for experienced investors who understand market dynamics and risk management. Outlook for 2025 The combination of geopolitical instability, high inflation, and low interest rates sets the stage for continued growth in gold prices. Over the next six months, gold prices are projected to reach $2800 per ounce. While crossing the $3000 mark may seem overly optimistic, it remains a possibility under certain geopolitical scenarios. As global economic uncertainties persist, gold's role as a stable and reliable investment is likely to strengthen, ensuring its continued relevance in diversified portfolios. NYSE:NEM TSX:ABX NYSE:FCX
Per chatGPT https://www.tradingview.com/chart/zB1ujGYz/ Considering the anticipated GDP report and its potential impact on market sentiment, here are three scenarios for SPY’s intraday high and low: 1. Best-Case Scenario: • High: $600 • Low: $585 Assumption: The GDP report exceeds expectations, indicating robust economic growth, which boosts investor confidence and leads to a market rally. 2. Moderate Scenario: • High: $590 • Low: $580 Assumption: The GDP report aligns with forecasts, suggesting steady economic conditions. The market reacts with cautious optimism, resulting in moderate price movements. 3. Worst-Case Scenario • High: $580 • Low: $570 Assumption: The GDP report falls short of expectations, signaling potential economic slowdown. This triggers investor concern, leading to a market sell-off and lower SPY prices. Note: These scenarios are hypothetical and depend on various factors, including investor sentiment, market liquidity, and broader economic indicators.
"In a world where trust vanished, the USD crumbled. Inflation soared, dollars burned, and nations sought new currencies" -Grok
I can see natural gas loosing momentum and volume divergence. No more interested in buys. Look for sells only. I need the price to fill the Fair Value gap around 2.6. Trade with care risk only 1%.
Tesla Short 30 Min Chart After we see Resistance from Exterem Fibonacci Extension level Target is SMA200