Golden Horizons: Technical Precision Meets Fundamental PowerOANDA:XAUUSD - Daily
Gold’s Bullish Breakout Shines Bright!
Gold (XAU/USD) has confirmed a strong breakout from a Falling Wedge and Rounding Bottom, rebounding off the 50% Fibonacci level (2,533.75). With the next target at the 161.8% extension (3,107.09), this setup offers a potential 16.49% gain in just 77 days. Ideal for position traders seeking long-term growth and swing traders capitalising on interim moves. 🚀✨
🌟 Technical Highlights: Gold’s Bullish Setup in Focus
Gold (XAU/USD) is setting the stage for a remarkable upward journey, supported by two key bullish patterns that signal strong momentum ahead:
1. Falling Wedge
The recent breakout from a falling wedge pattern is a textbook example of a bullish continuation. This move signals the end of a consolidation phase, where sellers lose control and buyers step in decisively. The breakout is accompanied by strong momentum, confirming that the bulls are in command and driving prices higher.
2. Rounding Bottom Formation
Adding to the bullish case is a clear rounding bottom pattern, a powerful long-term reversal signal. This pattern reflects steady accumulation by buyers, often seen as the market transitions from bearish sentiment to a confident bullish trend. It provides a solid base for sustained upward movement.
After retracing to the 50% Fibonacci level (2,533.75), the price rebounded strongly, breaking out with conviction. The next key target lies at the 161.8% Fibonacci extension (3,107.09), representing a potential 16.49% gain over the next 77 days.
This setup combines technical precision with a clear path for growth, making it a compelling opportunity for traders to watch. Gold’s journey upward is gaining momentum—don’t miss the move!
🌍 Fundamental Insights: Gold’s Shining Role
Gold continues to solidify its status as the ultimate safe-haven asset, thriving on a combination of global uncertainties and supportive monetary policies. The Federal Reserve’s dovish stance, characterised by steady interest rates, has reduced the appeal of fixed-income investments, making gold a preferred alternative for investors seeking stability in a low-yield environment.
Simultaneously, persistent inflationary pressures and geopolitical tensions are driving investors toward gold as a hedge against declining purchasing power and economic instability. As crises in key regions escalate, gold’s reputation as a reliable store of value during turbulent times becomes even more pronounced. This blend of factors is propelling gold’s bullish momentum, appealing to both long-term investors and short-term traders eager to capitalise on its growing demand. Gold isn’t just performing; it’s standing out as a pillar of strength in today’s unpredictable financial landscape.
📆 Seasonal Boost: The Golden Demand Wave
Gold traditionally enjoys heightened demand in the first quarter, driven by cyclical buying patterns in key markets like India and China. In India, the wedding season and festivals fuel a surge in gold purchases, while in China, the Lunar New Year celebrations see gold as a symbol of wealth and prosperity. These cultural and seasonal factors consistently create upward pressure on prices during this period.
This seasonal demand perfectly aligns with gold’s current technical breakout and strong fundamental support. The convergence of these factors strengthens the bullish outlook, making the first quarter a historically proven and timely opportunity for traders and investors to capitalise on gold’s momentum.
🙏✨ Thank You for Reading!
Wishing you incredible success on your trading journey! 🌟 Always remember, proper risk management is the cornerstone of sustainable growth in the markets. Stay disciplined, stay confident, and let the charts guide your path.
📈💼 Good luck with your trades—may profits be ever in your favor! 🚀💰
Seasonality
$TOTAL Market Cap FUD Sell-Off 14% sell-off on Crypto CRYPTOCAP:TOTAL Market Cap in the past 24 hrs
If we don't reclaim support here, could have another ~8% down to go. If that happens, I expect it to happen swiftly with a V-shaped recovery
Get your bids in!
NO NEED TO PANIC
Santa Rally still on the table 🎅
BTCUSD on the Brink: Massive Moves Expected – Are You Ready?Summary :
This analysis examines two ascending wedges visible on the BTCUSD chart—a larger wedge on the weekly timeframe and a smaller wedge on the 4-hour chart. The price has broken out of the smaller wedge and is consolidating above the upper boundary of the larger wedge, which currently acts as support. Projections suggest a short-term decline to $82,000, followed by a rebound to $114,000 in mid-February, and a subsequent decline to $106,000 by the end of March. Key decision points are identified where trendlines for MACD, ATR, and RSI intersect, providing areas to monitor for potential price reversals. Indicators such as RSI divergence, MACD crossings, and increasing ATR signal weakening momentum and heightened volatility. Historical analysis aligns with the expectation of significant price movements between mid-December and mid-January.
Ascending Wedge Patterns
Two ascending wedges are visible:
- The larger ascending wedge is on the weekly timeframe .
- A smaller ascending wedge is present on the 4-hour chart .
The price has broken out of the smaller wedge and is consolidating above the upper boundary of the larger wedge, which serves as support.
There is a possibility of the price falling back into the larger wedge if support weakens.
Price Projections
Short-Term : The price is expected to decline to approximately $82,000 by mid-January .
Medium-Term : A rise to around $114,000 is projected by mid-February .
Long-Term : The price is anticipated to drop to approximately $106,000 by the end of March .
Decision Points
Mid-January : First decision point, suggested by MACD.
Mid-February : Second decision point, aligned with ATR.
Mid-March : Third decision point, indicated by RSI trends.
RSI Divergence
A bearish divergence is observed, where the price forms higher highs while RSI forms lower highs .
This divergence is present on both the daily and weekly timeframes , signaling potential weakening momentum and a possible reversal.
MACD Observations
The MACD line has crossed below the signal line for the second time, reinforcing a bearish sentiment .
ATR Analysis
The ATR (Average True Range) on the weekly timeframe is increasing alongside price action.
This indicates heightened volatility , often preceding significant market moves.
Historical Volatility
Bitcoin historically shows increased volatility between mid-December and mid-January .
This aligns with the current technical setup and suggests the potential for significant price movements during this period.
Sentiment
Short-Term : Neutral to bearish , with a decline to $82,000 expected.
Medium-Term : Bullish , with a rise to $114,000 anticipated.
The overall outlook is mixed, with caution advised around key levels.
DISCLAIMER: THIS ANALYSIS IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL ADVICE. ALWAYS CONDUCT YOUR OWN RESEARCH BEFORE MAKING TRADING DECISIONS.
Bitcoin Dominance Cycles: Key Insights: Litecoin, Cardano, PLSDiscover the repeating cycles of Bitcoin dominance and how they correlate with altcoins like Litecoin, Cardano, and Pulsechain. This analysis reveals a potential peak in Bitcoin dominance by March, likely ahead of the broader market cycle top. Could this be the key to timing the market? Dive into the chart and uncover actionable insights for the coming months.
📈 Highlights:
Bitcoin dominance historical cycles
Altcoin trends aligned with dominance shifts
Potential implications for March 2024
🔗 Add your thoughts and share if you find this valuable!
#Bitcoin #Crypto #TradingView #Altcoins #Litecoin #Cardano #Pulsechain #CryptoCycles #BTCdominance"
BTC Market Cycle: Is Distribution Signaling a Coming Correction?BTC Market Cycle: Accumulation → Manipulation → Distribution 🚀
Timeframe: Weekly
Analysis📉
BTC/USDT is following a classic Wyckoff Market Cycle, transitioning through three distinct phases 🎯
1️⃣ Accumulation Phase (2018–2020): Smart money accumulated BTC at low prices in a tight range after the previous bear market. Low volatility and bearish sentiment dominated this period.
2️⃣ Manipulation Phase (2022–2023): A choppy sideways market with false breakouts and shakeouts, designed to confuse retail traders and consolidate more BTC into institutional hands.
3️⃣ Distribution Phase (2024–2025): A euphoric uptrend, where institutions are likely offloading positions into the enthusiasm of retail buyers. This phase often marks the cycle peak.
Trading Strategy 💡
- For Long-Term Investors : Consider scaling out positions during this distribution phase. Prepare to re-enter during the next accumulation cycle.
- For Swing Traders : Look for reversal signals in the distribution zone. A confirmed breakdown could lead to significant retracement toward previous accumulation zones.
Risk Management 🚨
- Be cautious of euphoria-driven rallies.
- Watch volume and price action for signs of weakness (e.g., declining momentum, sudden sell-offs).
Disclaimer⚡ This is not financial advice. Always trade with proper risk management.
🔄Hope this analysis finds you well! BTC/USDT is showcasing a textbook Wyckoff Market Cycle with clear phases of Accumulation, Manipulation, and now Distribution. Are we nearing the peak, or could this rally surprise us further? Let me know your thoughts! 🔍
Doge pull back. Keep holding and buy more. Just on the last bull run we had a huge push up. Before having a pull back of 40%! That’s massive. Lot of people sold and took the loss or small gains. This happened over 7 days of lower lows and then BOOM! Over 14 days 177%!!!! There are a lot of people who do this. Give you hope. But this is just data. Good luck trading out there.
When is altcoin season?When examining the “ CRYPTOCAP:OTHERS.D ” 12-monthly chart, a clear pattern emerges for altcoin seasons. We observe three years of downward ▼ momentum and consolidation, followed by a year or more of upward ▲ momentum.
This pattern could be attributed to market cycles and investor behavior, where extended periods of consolidation are followed by explosive growth. During the consolidation phase, prices stabilize, creating a base for future gains. Once market sentiment shifts, upward momentum takes over, often leading to significant price increases.
In previous cycles, we noticed that the altcoin season typically starts after major market cycles. For example, the 2017 altcoin season followed the 2016 cycle, and the 2021 altcoin season followed the 2020 cycle. When zoomed in on the monthly chart, both the 2017 and 2021 altcoin seasons started in January. This consistent timing suggests that the next altcoin season could commence in January 2025.
However, there has already been a bullish candle close in November, which could indicate a shift in the pattern. If December also closes bullish, we might see a two-month variance in the current cycle.
By examining fractals from past cycles, we can attempt to predict where the current altcoin season might peak. The 2017 fractal indicates a duration of 151 days, with dominance potentially reaching 22% around May or June 2025. In contrast, the 2021 fractal suggests a longer cycle of 365 days, with dominance peaking at approximately 24.5% around December 2025 or January 2026.
All charts 📈 indicate that the bottom is in, and all dips are opportunities for buying. Next year's growth looks incredibly promising. 🚀
What do you think? Will the 2024/2025 Altcoin cycle follow the same pattern, or will we see a deviation?
EUR/USD: Poised for a Reversal?On November 23, FOREXCOM:EURUSD broke below the critical 1.05 support zone, reaching a low of 1.0336. However, the pair quickly reversed course and has since been trading in a range between 1.0450 and 1.06.
A closer look at the price action suggests the pair has established a strong floor and is awaiting a catalyst for an upward reversal.
That catalyst could very well come today, with the anticipated Federal Reserve rate cut and subsequent press conference. Given the accumulated market tension, an accelerated move to the upside seems likely.
Key Levels to Watch :
Support: Any dips below 1.05 should be viewed as buying opportunities, with the potential for a rebound.
Resistance: A target around 1.0750 appears realistic in the current context.
Invalidation Level: If the price falls back below 1.04, this bullish scenario would be negated.
Why we're on guard for a USD pullbackStrong economic data for the US alongside expectations for the Fed to significantly reduce the pace of their easing cycle has been a main driver for USD bulls. And while the dollar could reach new high with the current backdrop, we're about to enter a phase of the year which greatly favours USD bears. Looking at monthly and daily seasonality patterns in December and forward returns for the USD around Fed meetings, I outline why a pullback - even idf only minor - could be due for the mighty greenback.
MS
AUDJPY Analysis - BuyAUDJPY Analysis Overview
1. Seasonality:
AUD: Bearish until midweek — Seasonal weakness in AUD early in the week aligns with a short-term bearish sentiment.
JPY: Bullish — JPY strength throughout the week supports its safe-haven appeal.
---
2. COT Report (Commitment of Traders):
AUD:
4-week flip indicates a Sell bias.
Non-commercial short positions are increasing, signaling bearish sentiment for AUD.
JPY:
4-week flip indicates a Buy bias.
Non-commercial long positions are increasing, reinforcing bullish sentiment for JPY.
---
3. Fundamental Analysis:
LEI (Leading Economic Indicator):
AUD:Decreasing — Suggests deteriorating economic momentum, adding to bearish pressure.
JPY: Range — Neutral economic conditions but still supportive due to JPY's safe-haven status.
Endogenous Factors:
AUD: Mix to Decreasing — Weak internal factors limit AUD’s strength.
JPY: Increasing — Improving domestic conditions support JPY buying.
---
4. Exogenous Factors:
GBPJPY: Strong Sell — Broader risk-off sentiment in the market favors safe-haven currencies like JPY over risk-sensitive ones like AUD.
---
5. Technical Analysis:
On the 1-hour chart:
A Cup and Handle pattern and an ABCD pattern are forming, indicating bullish potential.
After point C, the price is making Higher Highs (HH) and Higher Lows (HL), suggesting a bullish continuation.
These bullish patterns present a good Buy Opportunity, especially as the price confirms its breakout above the handle.
---
Bias: Buy
Despite AUD's seasonal weakness early in the week, the technical setup on the 1-hour chart favors a bullish bias for AUDJPY. JPY's strength provides additional support for safe-haven flows, but the technical patterns indicate that AUDJPY has room to rally in the short term. Consider entering long positions upon confirmation of the breakout above the handle.
Ethereum towards new ATH?After testing the resistance above 4,000, the flash crash in Alts impacted ETH/USD as well, resulting in a sharp drop to 3,500.
However, the strong support established at this level held firm, preventing further declines. Now, the price is approaching the resistance zone once again.
At this point, it seems the bulls are gaining momentum, making a breakout above the resistance highly likely.
If this breakout materializes, the price could accelerate significantly, with 5,000 emerging as the next logical target.
Bullish Patterns and Bitcoin: A Roadmap to $125KAs anticipated by many, following Trump’s election, Bitcoin experienced a significant surge. On November 14th, it encountered its first notable correction during this upward momentum.
In early December, Bitcoin crossed the critical 100k milestone for the first time. However, this achievement was followed by a swift pullback.
Since then, dips have consistently been met with strong buying activity, and as of now, the price has stabilized comfortably above this key psychological level.
The price action since mid-November reveals the formation of an ascending channel, a technical pattern that historically suggests a 70% probability of continuation to the upside.
A decisive breakout above 107k could confirm this bullish scenario, with a measured target for the next leg up around 125k if the pattern fulfills its statistical expectation.
BTC.D Top outHistory never repeats but it tends to rime quite well.
If we use that saying as the base for this thesis then we should see BTC.D top out at between 69-78% dominance using the horizontal resistance at the previous dominance top (2021).
To estimate this in a timely manner we plot the dates of the halvings and the date of BTC price ATH. To extrapolate the future cycle top we take the number of days from the halvings to the BTC price ATH and add them together and divide them by the number of cycle tops.
x=(a+b+c)/3
Historically we find confluence in the RSI momentum oscillator were the strength of the BTC.D is weakening hence gaining momentum to the downside. If history rimes we are entering that part of the cycle within the next 3-6 months.
Macroeconomic analysis, positioning, technical analysis. Short GHello everyone, today I want to share a trading idea that recently triggered my short entry.
The GBP/AUD pair is hovering near period highs not seen since 2020.
I think in the short term we might witness some pullback. Let’s analyze the situation.
MACROECONOMIC ANALYSIS
- Data
The latest data reflects a marked improvement in the Australian labor market, with the unemployment rate beating expectations. A rise to 4.2% was forecasted, but the figure dropped to 3.9%. This comes after the RBA decided to keep the reference rate unchanged, adopting a dovish tone compared to recent statements. It remains to be seen if this data could shift the narrative once again.
- Economic growth
The positioning and momentum on the pound indicate confidence that the economy could grow by 2025 or that inflation will remain stickier than expected. This affects the BOE’s monetary policy decisions. Interest rates have risen more than in other economies and are now at their peaks. On the other hand, the BOE recently adopted a dovish tone, suggesting the possibility of four rate cuts in 2025.
In a recent article, Goldman Sachs highlighted that the UK’s growth might underperform expectations. UK GDP is expected to grow by 1.2% in 2025, slower than the Bank of England's 1.5% projection and slightly below Bloomberg's consensus estimate of 1.3%. The team predicts growth of 0.4% in the first quarter of 2025 compared to the last quarter of 2024, with a slowdown to around 0.25–0.30% quarterly for the remainder of the year. They also foresee inflationary pressures easing through 2025, paving the way for deeper rate cuts than currently priced in by the market.
www.goldmansachs.com
- Interest rates
Interest rates in the UK have risen more than in other economies, reaching a peak of 4.6%, reflecting aggressive rate policies. Meanwhile, AUD/USD movements appear closely tied to Chinese rates, which are at historic lows, potentially priming for a rebound and, consequently, a recovery in the cross, due to potential stimulus measures for the Chinese economy.
POSITIONING
- COT (Commitment of Traders)
Let’s analyze the COT to check for extremes on either side.
www.tradingster.com .
Long positioning on the pound is at its highest since 2018, while for the Australian dollar, we are in negative territory after a decline. Momentum does not favor either currency, as traders are offloading or increasing short positions.
SEASONALITY
We are entering a period of strong negative seasonality for the pound, which typically tends to decline from the first week of December until the end of the month.
TECHNICAL ANALYSIS
From a chart perspective, the pair has just broken a dynamic trendline support on the 4H chart after a strong rally to period highs. The RSI clearly shows overbought conditions with bearish divergence.
Entry: Upon the break or retest of the trendline.
Stop Loss: Above the volume area signaling the break.
Take Profit: Near the volume area supporting the price.
Thanks for your attention!
GBPJPY- Reversal above 195?After reaching a low of 188, GBP/JPY reversed to the upside in a normal corrective move and found resistance near the 192 zone. A subsequent drop followed, but instead of resuming its downtrend, the pair began consolidating within a range.
The emerging pattern, while not perfect, resembles an inverse Head & Shoulders. A break above the neckline would confirm this formation and pave the way for further gains, potentially targeting the 195 resistance level.
I remain bullish on GBP/JPY as long as the pair stays above the recent consolidation support.
$RESPPANWW Fed Balance Sheet at 2020 Level Before QEVery interesting chart to watch here FRED:RESPPANWW
Clearly shows we're still in QT, but obviously markets have been pumping.
The Fed balance sheet is sitting at $6.9T which is the level in 2020 when the Fed continued its 2nd round of QE.
I doubt they would announce they are buying assets again at the next FOMC on 12/17, but quite possibly at the January or March 2025 meeting after Trump takes office.