Fibonacci
Mainly short gold, but there is still an opportunity to go long.Bros, since gold has chosen to break down and fall below the short-term support of 2620, it is obvious that the gold bears have a slight advantage in the struggle. So in trading, we mainly focus on shorting gold. The current short-term resistance area has shifted to the 2630-2635 area, so in short-term trading, we can short gold with the 2630-2635 resistance area;
But on the other hand, even if gold continues to fall, it is difficult to completely reverse into a short trend before today's NFP market, which limits the downside to a certain extent. The support area below is in the 2610-2600 area; so once gold falls back to this area, I will still try to go long on gold again; but we need to be careful that once gold falls below 2600, it is likely to continue to fall to around 2580.
Trading strategy:
1. Short gold with 2630-2635 area as resistance;
2. Try to long gold with 2610-2600 area as support (only try once)
3. It should be noted that once gold effectively falls below 2600, it is very likely that gold will continue to fall to 2580 area
Bros, how are you going to trade gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
NQ Power Range Report with FIB Ext - 12/6/2024 SessionCME_MINI:NQZ2024
- PR High: 21458.50
- PR Low: 21424.75
- NZ Spread: 75.25
Key scheduled economic events
08:30 | Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate
AMP raised margin requirements overnight for pre-RTH jobs numbers
- ATH continue to march higher
- Retraced nearly 50% of Wednesday range
Session Open Stats (As of 1:45 AM 12/6)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 267.49
- Volume: 21K
- Open Int: 291K
- Trend Grade: Bull
- From BA ATH: -0.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22096 (updated)
- Mid: 20954
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
EURUSD Ahead of NFP
Today, the U.S. Non-Farm Payroll (NFP) data will be released.
This news is published every first Friday of the month at the beginning of the US session and has a significant market impact.
It's advisable to reduce risk on open positions and avoid rushing into new trades before the announcement.
Keep an eye on how the price reacts to key levels and whether it has the momentum to continue moving higher toward 1,0704.
ICP Breakout Signals a 40% Surge as Bitcoin Hits $100kCRYPTOCAP:ICP , a popular altcoin, is gaining momentum as it approaches a breakout from its 5-month consolidation channel. If the breakout sustains, it could pave the way for a substantial move of up to 40% 🚀. Expect FOMO into large-cap altcoins as traders realize they've missed the bitcoin rally to $100k.
Hang Seng Index Primed for a 20% RallyThe Hang Seng Index is rebounding off its 61.8% Fibonacci retracement level following an ABC correction, a classic technical setup indicating a potential trend reversal. This bounce suggests the beginning of the next bullish wave, with the potential to climb by up to 20%.
THE END OF THE GOLDEN ROADGold had failed to break above 2700s resistance area and is showing bearish pressure making LHs and LLs. Currently it is a bit choppy but is overall still bearish and is failing to break above 2650s price area. Next target is 2500s price area for the continuation of current trend.
Long Gold AgainWe just bought gold near 2632, and then gold rebounded above 2643. I just closed our long position near 2642 and easily earned 100 pips.
At present, gold has fallen back to around 2626. Although we just missed the opportunity to short gold, when gold falls back, as long as gold does not fall below the 2625 line, I think the gold fall is still an opportunity to go long on gold, so I just went long on gold again near 2628. I think we should be able to make at least another 100 pips profit. Anyway, wish us good luck!
Bros, have you gone long on gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Aurora Innovation, Inc. (AUR): A Pioneer in Autonomous Vehicles Aurora Innovation, Inc. (AUR) is a leader in the autonomous vehicle space, focused on developing cutting-edge self-driving technology for the transportation industry.
Looking at the stock chart, we see a confirmation bar with increased volume, signaling strong investor interest. The stock is currently trading above the Fibonacci .236 support zone, which is considered a positive sign for potential upward movement.
The indicators used to analyze the chart are the Fibonacci Snap Tool and the Momentum Zones indicators, both available in the indicator search tab. These tools help identify key support and resistance levels, as well as momentum shifts in the stock’s price, providing valuable insights for making informed trading decisions.
Aurora Innovation, Inc. (AUR) offers a suite of products, including its autonomous driving software and hardware, which are designed to be integrated into a range of vehicles, from trucks to passenger cars. Aurora's mission is to revolutionize the way people and goods move by creating safer, more efficient transportation solutions through automation.
The main drivers of growth for Aurora Innovation include the rapid advancements in artificial intelligence and machine learning, the increasing demand for autonomous driving solutions, and partnerships with major industry players in automotive and logistics. As the world moves toward self-driving vehicles, Aurora is well-positioned to capitalize on these changes and drive growth in the sector.
Finally the end of the bear, start of the bull?Hello hodlers,
hello traders,
i used the same title back in 2020:
And " searching the bottom " is finally over.
My last update was like:
" Third time this year, we try to get above 30k.
Until proven otherwise, we are in a bear... "
Dont get me wrong!
It is possible & will be in the future...
Even if we are in the bull now,
we could see big retracements!
I show in this chart a potential time and price for our next sell zone.
Last time after the breakout it took 44 weeks.
This is where the red box is starting.
Last time we hit the FIB 2.618 level and more.
But we now, every time it will be less explosive.
I slowly will start at FIB 1.618 with my sells.
How you already filled your bags, but if not.
Dont buy now, after several green weeks in a row.
Wait for the next 20-40% correction.
Good luck everybody!
Bearish XAUUSD After Reaching Monthly 4.236 Fibonacci ExtensionXAUUSD has been on an epic 23 year bull run climbing over 1000% since the turn of the 21st century. The $850 high in 1980 crashed to a $252 low in 2001 signalling the end of a 21 year long bear market for Gold. The 4.236 fibonnaci extension between these points indicated the current bull run would reach $2785 before crashing. Gold met this prediction with a margin of just $5 when it hit $2790 on 31 October 2024. A replica of the 70% crash in the 80's and 90's would pull gold down back down to $850, retesting it's ATH of 1980.
Significant short positions have been opened.
XAUUSD RALLYING?We can start off by saying Gold has been beautiful this year for bulls, to think that we would reach 2600 wow, i know there are some bears who had a rough year. Back to the analysis, assuming gold is overbought would be very bad, more than often the markets do what we do not expect. Looking at the current price i would love to see a deeper correction and look for a long positions as indicated on the chart first jab would be at 2530 and the second attempt at 2484. Hopefuly the election will make investors flock to buying Gold in fear of the dollar sliping during elections. Thats it from my side
Nasdaq TOO BULLISH?We just shy of the 50% retracement on the daily at 19000 i do think we still have a chance to see a bullish move up to 21300 level area. This is based of technicals there is a need a need to go over the big company earning and the Nas perfomance historically for the specific month.
GOLD → Consolidation before a strong movement. But where to?FX:XAUUSD continues to consolidate and we have questionable preconditions that indicate both a possible fall (fundamental background) and growth (technical background).
Gold is holding back after Fed Chairman Powell's speech:
The US economy is in remarkably good shape.We are moving very quickly with rates.
"I am very pleased with where monetary policy is right now"
Unemployment is still very low and progress is being made in fighting inflation
The focus remains on the jobless claims data and NFP at this time
Technically, the focus is on consolidation in a locally rising channel format. A price exit from the channel in either direction may be accompanied by a strong impulse.
Resistance levels: 2655, 2660, 2688
Support levels: 2636, 2620, 2605
Two scenarios due to mixed and stalemate situation:
black: Powell commented on the situation as strong enough for the US market, accordingly, gold is forming a consolidation in a flag format, which is technically a pattern for a continuation of the fall.
blue: On D1 there are prerequisites for local growth. If the price breaks 2655, then 2660, the growth may continue to the zone of interest 2688.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!