Silver is making sharp reversal down from recent highs, even breaking a lower trendline support of an ending diagonal which is an important indication for a top in place. As such, we are aware of much lower prices, maybe even back to the start of a diagonal at around 27/28 as drop from 4h time frame has an impulsive bearish structure into wave A/1. But we see some bounce now that can be an A-B-C irregular/expanded flat correction into wave B/2, where subwave (C) can be now in progress. Resistance is then around 31.60-33 area, and from where we will have to be aware of further weakness within wave C or 3.
The USD/JPY pair hovers near 150.00, facing strong resistance from the red descending trendline and the black ascending trendline. This confluence marks a pivotal point for the pair’s next move. Resistance Zone: The 150.00 level is a critical barrier. A rejection here could signal a reversal, keeping the bearish outlook intact. Support Zone: If selling pressure increases, the pair could drop toward the 140.00–142.00 support zone, a key level to watch for potential stabilization. Outlook: A breakout above 150.00 would favor bulls, while a rejection could lead to further downside. Traders should wait for confirmation before taking action.
GBPTRY AB=CD with Two potential setups, First a bearish setup from C to D and then a trend reversal after it completes AB=CD. Second trade with a Buy stop at the breakout
XAUUSD consolidated in 2620- 2666 while remaining near both parallel EMAs, indicating a sideways structure. However, the higher lows suggests an upward breakout. If XAUUSD consolidates further, the price may remain within the 2620-2666 range. Conversely, a breakout in any direction may indicate the next trend with an uptrend bias.
The JP225 (Nikkei 225) is showing strong upside potential as it breaks higher from key consolidation zones, reflecting renewed buying interest and optimism in the Japanese equities market. Key Observations: 1. Trend Shift: • The index has successfully reclaimed critical levels around 38,580.85, confirming a bullish reversal. • Price action is supported by higher lows and a breakout from the value area. 2. Volume Profile Insights: • Point of Control (POC) at 38,580.85 acts as a springboard for further gains. • Value Area High (VAH) at 38,770.50 signals the next resistance to monitor. 3. Bullish Targets: • Initial target at 39,181.18. • Extensions toward 39,750.00 and beyond align with the prevailing uptrend. 4. Risk Management: • Stop Loss: Below 38,316.05 for downside protection. • Take Profit: Incrementally at 39,181.18 and higher levels. Market Context: The JP225’s upward momentum aligns with broader equity market gains, potentially driven by favorable economic data and positive global sentiment. Traders should watch for any pullbacks to key support levels, offering re-entry opportunities. Stay tuned for updates as we track this bullish move.
World gold prices moved sideways in the context of the USD still strengthening. Recorded at 9:55 a.m. on December 3, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,484 points (up 0.09%). Gold prices face difficulties due to the strong rise of the USD. This could be reinforced as activity in the US manufacturing sector increases. The CME FedWatch tool shows that market sentiment is quite interesting, with a 74.5% probability for a 25 basis point rate cut in the upcoming meeting. This probability is up from 52.3% last week, although down from 83% a month ago. At the same time, expectations about maintaining interest rates unchanged have also been adjusted accordingly. The Institute for Supply Management (ISM) on Monday announced that the manufacturing Purchasing Managers' Index (PMI) rose to 48.4, up from 46.5 recorded in October. Although the sector remains in contraction territory, the headline number was better than expected, with consensus forecasts only expecting the index to rise to 47.7. TVC:GOLD SELL 2647 2649 ? ✔️ TP1: 2635 ✔️ TP2: 2625 ✔️ TP3: OPEN ? SL: 2656
Signal Buy For XAUUSD Signal Buy For XAUUSD Signal Buy For XAUUSD Signal Buy For XAUUSD
Gonna bet myself on the market this time. It looks too good to be true but if the crypto market cycle this time still flowing to coins with small market cap. This chart setup looks possible! The best ever scenario allows DUSK to push 10X target. DUSK itself is RWA and Privacy narrative coin with only $100M market cap. Social media attention still active until today. A very good setup from here. Let's see
XAUUSD Buy Signal: Entry within the daily Fair Value Gap (FVG), aiming for a 1:3 Risk-Reward Ratio (RRR) with 1% risk. While there is a conflicting bearish FVG that might obstruct the path to the take-profit (TP) level, the trade setup remains valid and will be executed regardless. Key Details: - Risk: 1% - RRR: 1:3 - Entry: Daily FVG in a discounted zone - TP: Positioned below the bearish FVG to mitigate resistance - Note: Monitor price action near the bearish FVG as it may create challenges for the bullish move.
Gold technical analysis Daily resistance 2700, support below 2580 Four-hour resistance 2652, support below 2623 Gold operation suggestions: From the current market trend, yesterday it was blocked by 2652 and fell back, with the lowest point reaching 2633. Today it fell to 2634, holding the support point to stop the decline and rebound. It has now come to 2650, approaching the 2652 suppression level again. If it holds 2652 and participates in short selling, it will accelerate upward to 2660-66 area if it breaks 2652. At that time, it will need to step back and do more, and then pay attention to the 2666 suppression level to be bearish. The overall situation is a tug-of-war market. Pay attention to the stabilization of the 2633 support point. European and American gold operation ideas: Gold 2651near short; pay attention to whether 2634 can get support, you can be bullish; if it breaks 2652, it will step back near 2646 and continue to do more, with the target above 2660, and it can be sold if it touches 2664near. Today's market is complicated SELL:2664near BUY:2634near BUY:2623near The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.