Gold (XAUUSD) - Is $3,000 Per Oz Possible In 2024?There is growing sentiment for gold to reach $3,000 per oz, with the market peaking @ $2,790 current all time highs.
Minor retracements is healthy in the grand scheme of the bull run and bearish continuation down to the daily fair value gap @ $2,214 - $2,697, taking daily buyside liquidity is a reasonable draw going into next week.
Candlestick Analysis
EUR/USD - Will We See Bearish Continuation? Much clearer price action than GBPUSD, with Friday rejecting the weekly order block, closing below the prior days low.
Daily bullish order block up for grabs, aiming for low hanging fruits @ 1.07793 - 1.08069.
Very cautious as the US elections is right around the corner.
GBP/USD - Fickle Market Conditions There will be times where higher probability conditions presents itself in GBPUSD but for now, the market is riddled with high resistance, ever since we have dropped down into a discount below 1.30497.
With the election taking place on the 5th November 2024, next week, i am expecting volatility.
Dow Jones (YMZ2024) - Patience Pays In Conditions Like ThisIt's the best time to sit on your hands and gather more price data as there is a lot going on right now making the probabilities for a draw on Sellside 50/50.
High probability trading conditions is where i thrive in but right now, we are not seeing that.
Nasdaq (NQZ2024) - Better Trading Conditions Is ComingSimilar to S&P 500, we have seen a lot of high resistance periods, making it challenging to anticipate with a high accuracy where the next draw on liquidity will be.
Recently, we have seen a shift in market structure, with $20,398* being the weekly consequent encroachment for this week.
S&P 500 (ESZ2024) - It's Margin Call SeasonIt's been a rough few weeks for traders as many are complaining about high resistance conditions throughout the past couple of weeks and booyyyy are they right!
Although i have managed to eek a tiny bit of success recently in these conditions, I HIGHLY RECCOMEND against trading with maximum leverage in conditions like this, especially if not a scalper.
Unfinished business @ Sellside is tickling my fancy @ $5,725.25
Dollar Index - Believe In The Bulls!For close to 2 weeks price has been stagnating but when you take the overall medium term trend into consideration, you have to ask yourself this; does this minor relief rally have the possibility of causing a major market structure shift before reaching a major buyside liquidity pool above 104.636?
US T-Bonds - Will Buyers Continue To See Pain?Slowly we see the decline in price action and although it's a very choppy time we are in, the continuation to the downside, at least down to 115.30 going into the next weeks seem very reasonable.
Although bearish, placing shorts in market conditions like this is high risk.
It's worth, at times waiting for the market to draw to you.
US 10Y Yields - 4.493% Is Up For Debating Bullish but taking a lot of cautions due to the current sentiment at the moment.
Low resistance liquidity run from 3.599% to 4.386% in a little over 7 weeks is a trend that could continue but as a trader who likes to see both sides of the story, it's; only a matter of time before the trend will reverse.
The real question is when??
NASDAQ INDEX (US100) Classic Trend-Following
Bullish rally on US100 continues.
The market closed, updating the all time high.
To catch a bullish trend continuation next week,
pay attention to a horizontal range on a 4H.
Bullish breakout of its upper boundary - a 4h candle close above that
will give you a strong bullish confirmation.
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Bitcoin surprise target
Bitcoin has touch $77.000 and make significant price movement. I really like this bullish momentum combined with US. election result. Now I want to share with you what I see in the chart on BTC. Maybe just little annoying for some people but this what I found on the price chart for Bitcoin price movement. From my simple analysis the price is going down to $71.500 - $72.000 for temporary movement before continue the next path price. The support gap is not filled yet because the price bulls so rapidly from my perspective. Remember this is not financial advice please use your own analysis to do action in the market.
A fresh 26D old stick.A new 26 day candle opened on this day.
You can read so many disturbing opinions that in reality this is preparation for a drop.
The historical truth, however, is that a breakout in a halving year usually leads price even higher.
And looking at bitcoin on a 4 hour chart doesn't make much sense now unless you are trading intraday.
SWING IDEA - SHEELA FOAMSheela Foam , a key player in the Indian mattress and foam market, presents a potential swing trading setup.
Reasons are listed below :
800-850 Support Zone : This strong support level is holding, indicating possible resistance to further downside.
Bullish Hammer Candle on Weekly Timeframe : This pattern suggests a reversal of bearish momentum and renewed buying interest.
Gradual Rise in Volumes : Increasing volumes support the potential for a sustained upward move, reflecting growing investor interest.
Target - 1060 // 1290
Stoploss - weekly close below 780
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GBPNZD: Very Bullish Price Action 🇬🇧🇳🇿
GBPNZD looks bullish after a test of a strong daily support.
I see a nice cup & handle pattern on that and a confirmed bullish
imbalance on a 4H time frame.
With a high probability, the price will go up at least to 2.169
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