Between 1145 to 1200 hrs on 4th Dec'24, #Nifty50 & #NiftyBank experienced a freakish sell side move. Today at exactly 1200 to 1215 hrs, the same thing happened. Only difference being the change of direction. Today it happened on the Buy side. Something fishy is certainly happening. Let me know your thoughts on this because the move has been sudden, huge and against the trend.
On the Asian market on Thursday (December 5), OANDA:XAUUSD Spot delivery maintained a moderate decrease during the day, gold prices are currently down to about 2,645 USD/ounce as of the time this article was completed. In terms of economic data on Wednesday, data from the ADP Research Institute and the Stanford Digital Economy Lab showed that the number of private sector jobs in the United States increased by 146,000 in November, less than expected. This number is expected to be 163,000. The ADP report shows mixed job growth across industries. The education, health care and construction sectors led the gains, while manufacturing employment had its biggest decline in more than a year. Hiring is also lower in the financial services and entertainment industries, according to data from the ADP Research Institute. Federal Reserve Chairman Powell participated in an exclusive interview with the "DealBook Summit" hosted by the New York Times on Wednesday. On monetary policy, he said at the meeting that policymakers may remain cautious about cutting interest rates further. Regarding the US economy, Powell said the current situation is "very good" with falling inflation and relatively low unemployment. Powell noted that the US economy was stronger than expected in September, allowing the Fed to be more cautious in cutting interest rates. Powell said that although inflation has not yet fully returned to the Fed's 2% target, there is no reason the economy cannot continue to grow. New news of a ceasefire in the Middle East has affected the safe-haven asset OANDA:XAUUSD Israel has made a new proposal to Hamas regarding a ceasefire in Gaza, including a request to release some of the remaining 100 people detained by Hamas, Axios News reported this morning (Thursday). Israeli officials say Israel hopes the killing of Hamas leader Yahya Sinwar, a ceasefire in Lebanon and pressure from US President-elect Donald Trump will create an opportunity to resume negotiations that have been deadlocked for three months. recently. According to the report, Israeli officials revealed that the updated agreement framework mentioned above was reached after a meeting between Israeli Prime Minister Netanyahu and several senior ministers and heads of security agencies on the 1st of this month. . The new plan is similar to the principles discussed previously, but has some adjustments and is subject to adjustment and negotiation. Israeli officials say Hamas has shown more flexibility and begun implementing parts of the agreement. There are still 100 hostages being held in Gaza, including 7 Americans. The Israel Defense Forces believe that between 40 and 50 hostages are still alive. Gold is a risk-on haven asset, so if the market has less risk of conflict or geopolitical tensions it will become less attractive. Next event The next big event will be the November US nonfarm payrolls report on Friday. Surveys show US nonfarm payroll employment is expected to increase by 214,000 in November, up from 12,000 in October. https://www.tradingview.com/chart/XAUUSD/1pLM85Br-GOLD-is-stable-trading-day-with-lots-of-big-data-and-events/ Analysis of technical prospects for OANDA:XAUUSD On the daily chart, the accumulation phase of gold prices continues to last with increasingly narrower amplitudes without any sudden waves to create a short-term trend. With the current position, it is difficult to distinguish which possibility gold is leaning more towards compared to yesterday's trading day. With price activity moving around the EMA21 and Fibonacci retracement levels of 0.618% and the technical point of 2,644USD. On the other hand, the Relative Strength Index is also at 50, not going above or below this level. Taken together with the current position, gold is still neutral in the medium and short term. Meanwhile, a short-term bearish cycle has the opportunity to open if gold is sold below the 0.618% Fibonacci level then the target level is about 2,606 USD in the short term, more than 2,600 USD. During the day, gold is currently in a neutral position, but in the long term, the falling price channel is still the main trend and notable points will be listed as follows. Support: 2,634 – 2,606 – 2,600USD Resistance: 2,663USD SELL XAUUSD PRICE 2681 - 2679⚡️ ↠↠ Stoploss 2685 →Take Profit 1 2674 ↨ →Take Profit 2 2669 BUY XAUUSD PRICE 2599 - 2601⚡️ ↠↠ Stoploss 2595 →Take Profit 1 2606 ↨ →Take Profit 2 2611
rsi turning up nearing the moment of truth got a bag for range high here around .0549 above 200 on H4 and VWAP from last move invalidation acceptance below white line
Here I buy Jasmy at $0.045 cents. Make way The smart money is working in the early stages of the big bull market Let the smart money do its work Let the smart money make the bed of the dumb money ahead I said once and I'll say it again don't disturb my altseason You haven't seen anything yet. You see techology and innovation. I see dollar bills everywhere. But if you think this is all BS Take your profits, your crumbs. If you want to go big stop thinking small. Don't be big just in Japan. Be big in Los Angeles, Chicago, New York City and Miami. Sell me your Jasmy here. Let's see if you have balls to sell Jasmy now. Log into binance and go to Jasmy order books. You'll find me there I'm buying Jasmy at $0.045 and I'm triggering the major Jasmycoin supply shock. Not even the nobel prize winning economists can explain. And the countdown has just begun Jasmycoin supply shock. Cheers, Bullshark, The founder and CEO of the big bull market The founder and CEO of the big altseason
BINANCE:XRPUSDT - I suggest NOT entering another LONG here. Wait for the current marked level to retest before taking a call. My suggestion is to not enter into any fresh position for XRP at the moment. I'll update this thread as and when i see improvement in XRP. P.S. Do have a look at my other posts as well in my profile from the past. Trying to build a community to help share my knowledge. If you think i am educating you in any way please do like my posts and hit me a follow on Twitter (X). Have a Fantastic Day!
I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - ADP Nonfarm Employment Change @13:15 News - None Directional bias - BUY Morning analysis: M TF - very bullish W TF - very bullish, we are now in all time high territory again D TF - D candle had closed higher that previous high, testament of the bullish sentiment 4H TF - very bullish, 4H EMA is far down, so if price retraces it could be a long way down before price finds the dynamic support of the 4H EMA As the day progressed: Noted a rising wedge pattern form as marked by the blue lines. Price broke the market pattern upwards and came back down to retest the top line of the pattern. With price being at an all time high, it could easily be assumed that price will make a huge retracement. In the past, I would have been eagerly ready to place a sell because it's at an all time high and "has to come down"(*). I have lost a lot of money in the past, trying to decide for the market, what it should do. Looking at this market pattern, the way price broke upwards, re-tested and closed a green candle HIGHER. It seemed to me price wanted to continue upwards. From years of screen time, I also know that if price is very bullish (like at all time highs) it can continue higher for much longer than one would expect. I have also seen that sometimes, price will continue to push for the previous day's TP's. So because price was also rejecting the TP1 from the day before and closing higher, I felt that bulls wanted to push for TP2. I entered a small buy position at the hand icon. Price shot all the way up to TP2. I closed just before market open at the top hand icon and made a cool 870 pips. I closed because I was "sure" market open would retrace and wanted to lock in my profits. So even though preaching at (*) in the text above, I was still a victim of this mentality that "price has to come down" :) But anyway, I am still happy with my trading today. In the long ago past, I probably would have taken a sell just because price "has to come down after all time high". In the not-so-long-ago past, I probably would have sat out and been too scared to take a buy, even though I saw the signal. But today, I took the signal, albeit with a small position. #progress So just a reminder, trading is a long and slow game of patience and repetition (or at least for me). Keep going, keep consistent and you will see progress. In the beginning your goal should be to survive and live to trade another day. Get in as many hours of screen time as you can...and just keep going. If I were to advise a beginner, I would say: 1. Learn as much as you can about candles, market patterns and timeframe confluence (use baby pips.com for an excellent free resource) 2. Have 3 x display screens on your desk. On one screen, have the 1H TF displayed, on the second screen, display a split between the 4H TF and the D TF. On the third screen, display a split between the 15min and 30min TF. 3. Stare at your screens for hours and hours a day! Haha! Screen time is the most valuable experience you can get. 4. Don't demo trade for too long. Trading with real money changes the game. So trade with the smallest possible position size available eg. 0.01 and just try to survive to the next day. 5. Start seeing results after a few years (not what everyone wants to hear because trading is "fast, easy money", but that is the truth for the majority of traders) All the best! :) Stats: The total move for the day was 2'000 pips I captured 870 pips / 44 % of the total move (need to improve) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
I believe the worst of this sell off has happened. The Golden Ratio is acting as support. Some money has rotated out of the XRP pump and into BTC which has just broken $103k There is about 10M of buy support at $2.28 There is about 5M of buy support at $2.16 $2.30 will act as the launch pad for the next leg up, once the excitement leaves BTC.
Daily Chart: Although there might be a Strong BoS, if the daily candle closed at $101,471 there might be a sharp retracement one or two days later. Then, there will be a ranging market. Strong Bullish ➡️ Target: $108,879 Strong Bearish ➡️ Target 1: $98,985.51 ; Target 2: $94,040 ; Target 3: $89,094.49 Analyze at the target.
USD/JPY has recently changed its direction from bearish to bullish in 1 hr time frame. Accumulate at the demand areas .
Bull flag on Sol target 300 zone in validated below 200 we are on a daily pull back and this look good. I will swing trade to the target of $300