#INJ The price is moving in a descending channel on the 30-minute frame and is sticking to it well We have a bounce from the lower limit of the descending channel, this support is at a price of 20.80 We have a downtrend on the RSI indicator that is about to be broken, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 21.31 First target 21.82 Second target 22.54 Third target 23.45
Gold is above EMA200 and EMA50 in the 4-hour timeframe and is in its ascending channel. The continued rise of gold towards the supply zones will provide a position to sell it with a suitable risk reward. According to the ADP report, employment in the U.S. private non-farm sector declined in December, with only 122,000 new jobs created. This figure, the lowest in four months, represents a drop from the 146,000 jobs added in November and falls short of economists’ expectations of 140,000. This trend reflects a gradual cooling in labor demand and poses a challenge for the Federal Reserve as it seeks to balance a weakening labor market with inflation concerns in its interest rate decisions. Job growth varied significantly across industries. The education and healthcare, construction, leisure, and hospitality sectors experienced the highest increases in employment, while job losses were observed in manufacturing, natural resources and mining, and professional and business services. The ADP report also highlighted a slowdown in wage growth for December. Employees who switched jobs received an average pay increase of 7.1%, while those who stayed in their current roles saw a smaller 4.6% wage increase. This marks the slowest pace of wage growth since mid-2021. UBS Bank predicts that the Federal Open Market Committee (FOMC) will likely resume rate cuts starting in June. Analysts at UBS believe that the December jobs report and inflation data, set to be released next week, will provide further insights into the U.S. economy. Although the Federal Reserve is unlikely to lower interest rates in early 2025, UBS expects that upcoming data will indicate cooling inflation and a slowing labor market. These developments could pave the way for another rate cut beginning in the June meeting. Based on the Federal Reserve’s latest economic projections, UBS anticipates one additional rate cut in the third quarter of 2025. Meanwhile, India’s Directorate General of Commercial Intelligence and Statistics reported on Wednesday that gold imports were approximately $5 billion—or one-third—higher than initially stated for November. Previously, India’s Ministry of Commerce had estimated gold imports at $14.86 billion. The rise in India’s trade deficit has exerted additional pressure on the country’s currency, causing the rupee to weaken by nearly 3% over the past year. On Wednesday, it hit a record low of 85.87 rupees against the U.S. dollar.
Yello, Paradisers! After a powerful bullish rally, #AAVE is now cooling off, facing some heavy rejection. But don’t be fooled—this isn’t the end of the story. The market often needs a breather before gearing up for another big move, and that’s exactly what we see unfolding here. The question is: will the bulls step in at the right levels, or are we setting up for a deeper correction? ?#AAVEUSDT is approaching a critical support range between $275 and $270, a level that has already proven itself twice by holding off sellers. This range is more than just a horizontal line on the chart—it’s backed by the 8-hour EMA-200, giving additional strength to the area. Bulls are expected to step in here, providing fresh demand to push the price higher. ?However, if this moderate support doesn’t hold and sellers take control, things could get tricky. The next key level to watch is $240, with a stronger higher time-frame support between $230 and $225 waiting below. Testing this range would be a game-changer, likely turning the market sentiment bullish again. ?On the flip side, AAVE continues to struggle with a descending resistance that’s keeping bullish momentum in check. This trendline sits around $335—a major hurdle for bulls to break through to trigger a hyper-momentum phase. But before that, there’s another critical level at $305. Clearing this area would already start to weaken sellers and shift the narrative in favor of the bulls. ?If the descending resistance breaks, AAVE could quickly revisit its previous highs around $370 to $390. But caution is advised at those levels—expect profit-taking to kick in, as sellers will likely defend those highs aggressively. Patience and discipline are key here, Paradisers. The market often tests both bulls and bears before making decisive moves, so stay vigilant. MyCryptoParadise iFeel the success?
BTC is trading along this line starting from January 6th. By extrapolating this trend we can expect BTC to reach 85k at around January 12, 2025, at 4:51 AM (UTC-5).
# The Small and midcaps put together has outperformed Nifty by over 80% since covid and around 45% since march 2023. This outperformance is expected to reverse similar to what has happened from 2018 to 2020 after over 80% outperformance between 2013 to 2018. # Last time the outperformance was driven by individual stock buying while this time it is driven by Mutual fund buying. Largest midcap fund is around 75000 crores, largest smallcap fund in 65000 crores+. # The outperformance is mainly due to valuation stretch which has primarily happened due to excessive inflows through sip and bulk routes. # A mean reversion of this trend can very well playout in 2025 wherein people try to lockin gains in the mid and small cap funds which has generated very high returns in last 3 years and park their money in large caps. # So the wise trade would be to sell midcap and small cap funds to half and switch to large cap funds as the later is expected to generate higher alpha considering the valuation.
Fundamental analysis: Yesterday’s session huge green Hourly 4 chart's candlestick pattern was an indication of increased tension and war / conflict escalation negativity as geopolitical tensions arise which invalidated Sellers intent and comforted Short and Medium-term Gold’s Buyers early on. Gold was once again on High demand as Investors used the metal as an traditional safe-haven asset where capital strongly flew into Gold, pushing the Price-action way above the #13-Month High’s. Gold was testing #2,665.80 (session High’s) and as (by my personal opinion) DX skyrocketed and engaged Short-term Buy-off rally which had no impact on Gold's Price-action and currently it is the question where market will be headed next. Gold was on hard Resistance levels and current consolidation levels (historical regression analysis) points that when Trading for Long on those levels, strong downside direction comes in form of #50 point + decline. Besides this, nothing else Supports the upward argument (except current High Impact factor) since all major charts turned critically Bearish on Short-term. Technical analysis: #2,665.80 - #2,672.80 represents new / old Resistance and by my calculation chances for breaking it again without new news are Technically really impossible (too far fetched and without catalyst to take the Price-action towards those / current High’s). Investor’s strategy was clear where Gold was expected to Trade on huge gains, heavily pressured on speculations fuelled by current Fed aftermath. If I accept the similarities on past events, then I am looking for a reversal towards #2,652.80 benchmark again but not before a red Weekly candle (occurring at the moment). The Short-term Bearish bias (much needed correction ahead) calls for strong consolidation. Less Volatility on Hourly 4 chart guarantees clear direction on the next Daily candle (possibly mixed values regarding the trend #50% / #50%, as absence of further news and speculations may engage the steep correction on Gold). Day Traders have no other alternative with such distorted indicators than to look at (#30m) Bollinger bands which give. My position: As stated ahead and announcing current strength of Gold throughout my yesterday's session commentary, I will not turn to Selling as Gold is now Overbought. If however #2,672.80 gets invalidated to the upside and market closes above, Bullish Short-term bias is restored.
Let’s face it: your brain is out to sabotage your trading, and recency bias is its weapon of choice. This sneaky psychological gremlin convinces you that your last few trades—good or bad—are all that matter. But spoiler alert: they’re not. ? What is Recency Bias? Recency bias is your brain’s tendency to overvalue recent events and ignore the bigger picture. Three wins in a row? You’re invincible, right? WRONG. Three losses? Time to ditch your strategy? ALSO WRONG. The market doesn’t care about your streak—it plays the long game, and so should you. ? How It Destroys You 1️⃣ Winning Streak Confidence: After a few wins, you start upping your risk like you’re Warren Buffet. Then BAM—one loss wipes you out. 2️⃣ Losing Streak Paralysis: A few losses, and suddenly you’re too scared to pull the trigger, even on solid setups. 3️⃣ Revenge Trading: The currency pair that burned you? Oh, you’ll “get it back,” right? Nope. You’ll just lose more. ?️ How to Beat It 1️⃣ Reset Daily: Clear your head before every session. Meditate, walk, scream into a pillow—whatever works. 2️⃣ Stick to Your Plan: Your strategy works because it’s tested, not because your emotions say so. 3️⃣ Journal Everything: Spot your patterns before they wreck you. 4️⃣ Manage Risk: Winning or losing streaks shouldn’t change your position size. Period. 5️⃣ Check Your Ego: The market isn’t out to get you. It doesn’t even know you exist. ? Final Words Recency bias is a sneaky little troll, but with self-awareness and discipline, you can shut it down. Remember: your last trade doesn’t define you—your consistency does. Now stop letting your brain gaslight you and go trade like the pro you were meant to be. ?
GOLD is in an ascending channel between the trend lines. The price has already consolidated above the support level coinciding with the 38.2% retracement level. We expect the chart to rise after the support is retested.
No major news with today being a bank holiday in the US which affects the DXY ( Dollar Index).I do not expect sharp moves heading into the NY session with majority of the big players waiting for tomorrow's financial readings so as to understand better the current economic health in the states.Today looks like a continuation of yesterday's trend with the dollar performing fairly good. We are currently testing fresh lows in this pair which has been in a downtrend since turn of November.Looking to test the previous low which was broken @ 1.23200.Price currently at 1.22700 at time of writing. After a stellar year for Gold with the precious metal gaining more than 5000 pips it's time for a fresh year.We have been ranging in the 2600-2700 region for the past one month and if prices are to react soon then we need to breakout of the orderblock above.Waiting for NFP data tomorrow to breakout and get fresh moves for the coming week.Price @ 2665 at time of writing...break above 2670 takes us to 2686.
Gold (XAUUSD) is setting its sights on the next big target: $2670! The upward momentum is strong, so hold your position now and stay patient as we aim for this milestone. This could be the golden opportunity you've been waiting for! ??"