Gold experienced a sharp $200 drop in early November and has been struggling to regain momentum since. Despite several attempts at recovery, a solid Double Top pattern formed just above the 61.8% Fibonacci retracement, acting as a key resistance level. However, since then, Gold has managed to hover above the 38.2% Fibonacci retracement, indicating strong buyer interest at this price point. On Friday, the price retested $2,670, and the current volumes along with price action suggest that buyers are gaining momentum for another attempt at pushing the price higher. With the US dollar weakening, we anticipate this could serve as a catalyst for a short-term rally in Gold, potentially pushing the price up by $70 to $80. The next key target would be to retest the area above the 61.8% Fibonacci retracement, which aligns with a price level around $2,720. Should this resistance be broken, it could signal further upward movement, but for now, we expect a near-term price jump, driven by buyer strength and the current market conditions.
Here I am sharing my views on Ultratech Cement Futures Chart. A) There is a STRONG SUPPLY ZONE at 11,800 - 11,900. B) There is Mild to Moderate Demand Zone at 11,400 -11,300. C) RSI with SMA: In today's trading session RSI crossed it's 50 mark level and turned bearish - RSI is now below it's SMA (Bearish) D) If we observe today's candle properly, we can sell initial rise towards supply zone and price corrected sharply from mentioned supply zone, thick body and short wicks adds weakness in Ultratech Cement Chart. E) prices may hold at 11,400 - 11,300 levels, once this level is broken we can see sharp decline towards next Demand Zone, which is also our Target. F) Target 1: 11,400 -11,300 Target 2: 10,800 - 10,650 This is only my attempt to predict Ultratech Cement, I do not recommend trading or investing based on above study.
GOLD is in an ascending channel between the trend lines. The price has already reached the lower boundary of the channel and dynamic support than completed the correction at the 50% level. The chart maintains an ascending structure and has already formed a bullish takeover while testing the channel. We expect the growth to continue. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Injective Protocol has a nice possibility of 30% movement to happen, but there is a high likelihood of seeing a re-test of recent EMAs (which left behind itself a bigger CME gap). More in-depth info is in the video—enjoy! Swallow Team
The euro has started the week with sharp gains. In the European session, EUR/USD is currently trading at 1.0403, up 0.91% on the day. Germany's economy may not be in great shape. but inflation has been moving higher and the trend is expected to continue when December CPI is released later today. Inflation rose from 2% to 2.2% in November, its highest level in four months, and is expected to hit 2.4% in December. Service inflation is at 4% and core CPI at 3%, which indicates the battle to contain inflation isn't over. Once the locomotive of Europe, Germany's economy has faltered badly and has slowed the eurozone's recovery. Germany's once mighty auto industry has been hurt by weaker Chinese demand due to the slowdown in the the world's second-largest economy. As well, China has gained a larger share of the global automotive market, at the expense of German auto exports. Unsurprisingly, Germany's manufacturing sector is stuck in contraction territory. Germany's services sector moved back into expansion mode in December, as the Services PMI rose to a revised 51.3, up from 49.3 in November. The eurozone Services PMI improved to a revised 51.6, up from 49.5 in November. Spain continues to impress with its economic data, as the Services PMI climbed to 57.3, up from 53.1 in November. This marked a sixteenth straight month of expansion and was the highest level of growth since April 2023. The US releases Final Services PMI later today. The market estimate for December stands at 58.5, compared to 56.1 in November. This points to strong business activity, which has been the linchpin of the US economy. EUR/USD has pushed above resistance at 1.0331. Above, there is resistance at 1.0436 and 1.0564 There is support at 1.0203 and 1.0098
$HBAR/USDT Trade Setup (Long Position): Entry Point: Enter near the current market price (CMP) of 0.3116 USDT. Stop-Loss (SL): Set the stop-loss at 0.2600 USDT to manage downside risk. Take-Profit (TP) Targets: TP1: 0.3500 USDT (short-term resistance). TP2: 0.4000 USDT (next major resistance). Use 3x leverage to manage risk effectively. DYOR, NFA
Notice the same chart as with other major Cryptocurrency projects and trading pairs. A sideways consolidation range between June and November 2024. A major low in August 2024. A bullish impulse in the latter part of 2024 and a strong correction. The correction reached -40% and found support on a previous resistance line. Support was found at the 0.5 Fib. retracement level relative to the most recent bullish wave. A reversal happened before hitting 0.618 and this is a signal of strength. AVAXUSDT is now on its sixth green day. Here, we can see a sudden drop ending in a higher low, or straight up. Some pairs are going straight up so this becomes the more probable scenario but we still remain cautious. If we were to consider the long-term linear weekly chart, you can easily appreciate AVAXUSDT trading at low prices compared to long-term standards. This means that this a good buy zone if we have a wide perspective, if we think big and consider the bigger picture. On the chart, these are mid-term targets, to be hit within 1-3 months. Remember, long-term there will be much more growth. You can visit earlier publications for all the long-term charts. Use the search filter in my profile and type "AVAXUSDT," you will find everything there. This can be used with every single pair. Just type my username and follow. Activate email notifications. Thank you for reading. Namaste.
Gold ( PYTH:XAUUSD ) attacked the Support lines and Support zone($2,639-$2,630) as I expected but failed to break them ( Fake Break ). Gold is currently moving near the Resistance zone($2,670-$2,653) and within the Potential Reversal Zone(PRZ) . According to Elliott's wave theory , Gold seems to have completed 5 bearish wave s and is currently completing upward corrective waves . I expect Gold to attack the Support lines and the Support zone($2,639-$2,630) again and most likely succeed in breaking them this time . ⚠️Note: If Gold breaks the 50_SMA(Daily) and Potential Reversal Zone(PRZ) , we should expect Gold to rise further.⚠️ ⚠️Note: At most, you can keep the Short position up to $2,668.⚠️ ?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.
BINANCE:SEIUSDT ✅ The SEI currency is fluctuating on the bottom of its medium-term ascending channel on the daily timeframe and, with the break of the 0.486 resistance, it could move towards the following targets in the short term: 0.55, 0.61, 73 ✅ SEI Major Demand Range is currently $0.38 to $0.40 ? ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. ? Follow me for daily updates, ? Comment and like to share your thoughts, ? And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! ?✨
ETHUSDT - 1D - Head and Shoulders TRADEX BOT NEWS: May your trading strategies be fruitful! Over the holidays we have made significant changes to the way the bot operates that allows for scalability so it can be used by everyone. We will soon have the first version of TradeX BoT, which will function as a second layer Order Book on CEX markets, hiding our greed (TP) and fears (SL) from exchanges. More news to come soon! Thank you! _______________________________________________________ ETHUSDT - 1D - Head and Shoulders On the 1D TF, ETH is perfectly drawing the Head and Shoulders pattern that could be the catalyst for ETH to shoot its price above the current ATH. It would not be surprising if in this first Q1, ETH reached 7k. Considering BTC's journey after the launch of the ETFs, ETH has not yet exploded, so it is worth following the evolution of this heat and entering when it gives us opportunities. The important thing to be successful in trading is to be faithful to our strategy. To be clear about where we are, where we want to go and when it is better to be out in liquidity. __________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either down or up, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the process of development and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)