Today's CPI data still failed to play a key role in the gold market. Under the premise of a big negative, gold only fell rapidly and then pulled back again. The market volatility caused by the data did not continue! Although the CPI data was negative, the gold price bottomed out and rebounded, and the rebound was more than 30 US dollars. The bulls still held the key position. The last round of rising point 2834 was the key watershed. Only if this position was broken will there be a large adjustment. Above this, it is a strong correction. The recent fluctuations are very large. From 2942 to 2864, it has already stepped back by 78 US dollars, which is only two trading days. Therefore, it is necessary to pay special attention to risk control. From the market, gold is more like a rebound after the last wave of bottoming out! In the short term, the bulls are still quite strong! The intraday market is a shock retracement, so you can go short, but not now. The overall trend is still strong, especially the rebound after the rapid decline due to negative data, which is largely a trap. The current price is still above the short-term moving average, and there is no condition for peaking. Pay attention to the closing of the daily line to determine the strength. In the short term, gold is just adjusting and has not broken down. It will naturally continue to rise after the adjustment, which clarifies the direction for our future layout. In the later stage, we will continue to go long when the opportunity arises. The lower point is still focused on the 2880 platform. There are many false breakthroughs in the market recently. The conservative operation point can be selected near 2875 to layout! Continue to rise to resistance 2908/2912, and step back to support 2875/2880. On the whole, the current short-term operation strategy for gold is to focus on callbacks and go long, supplemented by rebounds. The upper short-term focus is on the 2908-2912 line resistance, and the lower short-term focus is on the 2880-2875 line support. Friends must keep up with the rhythm. Short order strategy: Sell gold when it rebounds to 2908-2910, Stop loss 2920, target 2895-2885, break to see 2880 Long order strategy: Buy gold when it falls back to 2878-2880, Stop loss 2870, target 2895-2905, break to see 2915
12-2 CADJPY: the pair has started a correction with a clear channel between 105.9 and 110. Our signal system still indicates a short but the deep Bearish signal now seems to be decreasing due to Retail sentiment 1 and Trend reading 1. We have taken a buy position at 108.225. TP at 109.536.
Nifty future and banknifty future analysis and intraday plan. Results. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
On this chart, this scenario makes the most sense. If I should take a short, the first levels are around the monthly level, which is at the level of 157.503, the next one is around the price of 160, which is above the bulls zone, which could also mean the continuation of the uptrend, and therefore I have two options. If I should take a long, then not earlier than at the price level around the monthly level of 151.875, then below the current sfp on the price 148.806 where the next monthly level is located.
Alts are nearly set to rally! We're approaching the resistance zone on the BTC dominance chart. Historically, this level has led to strong rejections and market-wide rallies since May 2017. Let me know what you think in the comment section and please support with your likes. Thank you #PEACE
I am not looking at Technical analysis etc. I am looking at spike up and spike down. I have been looking at those for 8 years at least 8 hours a day. This beast is a sell short term. My publications are not trading or investment advices.. Do your own analysis. I am not responsible for your trades.
Looking at Stats from the Opening Range Breakout we still have a 46% probability of hitting the 2STD of the 15 min opening range which would be a full recovery. I can see us possibly making new highs through the week based off of this recovery if it holds today.
NASDAQ:AMD has been weak for awhile on the weekly chart, but nothing lasts forever. This is a long position trade idea I have for myself, with the thesis that, long term, NASDAQ:AMD is reaching for $360ish over the next couple of years, based on fib projections from back when the bull market started years ago. NASDAQ:AMD briefly touched a premium zone months ago (red shaded area), and with the current weakness NASDAQ:AMD has been pulling back and just reached a short term discount zone around $109 (green shaded area). My expectation is that NASDAQ:AMD might drop a bit more into this zone, perhaps sweep under the lows at $93.12, reach a couple of projected targets for the short interest (that I have marked in red and orange lines), and then find support and bounce aggressively from there. This is all based on a pattern I frequently see where when a chart reaches the premium zone near the end of a move, it often pauses just shy of the target and feigns a reversal, falling back into the short term discount zone, often sweeping a low, and then aggressively pushing for the target that was intended all along. This serves to wash out any short term holders and deny them the full target, while offering good prices to the long term holders to reaccumulate before reaching their target. Seek professional investment advice elsewhere, this is not trading or investment advice, this is my own observations and how I intend to approach NASDAQ:AMD in this current price area. I will not be blindly buying anything and I always manage my risk in case I'm wrong.
Today’s US inflation data came in hotter than expected, reinforcing concerns about persistent price pressures. Core CPI rose 0.4% (vs. 0.3% expected ), while headline CPI jumped 0.5% (vs. 0.3% expected ). Annual inflation also exceeded forecasts at 3.0%. In his speech , Fed Chair Powell signaled no urgency in cutting rates, further strengthening the US dollar ( TVC:DXY ). According to the published US indexes , Gold ( OANDA:XAUUSD ) suddenly fell but started to rise again from the Support line and created a Bear Trap . Educational Tip : Basically, after every Bull or Bear Trap , the market moves against the created Trap. Gold is moving near the Support zone($2,889-$2,878) , 100_SMA(1-hour) and has managed to break the Resistance line , any pullback can be a good opportunity for us to take a Long position . Of course, you can enter the position in another way ( be sure to follow the capital management ). According to Elliott's wave theory , Gold seems to have completed the Double Three Correction(WXY) . One of the signs of completion can be the breaking of the resistance line . I expect Gold to attack the Resistance zone($2,915-$2,905) in the coming hours . Note: If Gold breaks the Support zone($2,889-$2,878), we should expect more fall and break the support line. Especially if Gold goes below $2,863. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 15-minute time frame. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button ?? & Share it with your friends; thanks, and Trade safe.
GBP-JPY DAILY ANALYSIS UPDATE 12/02/2025 As GBPJPY was creating parallel Channel and successfully touched the top of channel, Now: as all the time we have up and down possibilities. bullish possibility we must be at the level of 192.761 for at least 4hours and test the 192.221, then back 193,00 it is safe to buy. If possibility to of Down trend will be below 198.386 (Not expected more than 30%, but market is market and caution is required.