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GOLD - one n only supporting area, hold or not?#GOLD.. well guys last week of the month and last week of the year first quarter is going to start in few hours, We have only one supporting area for now and that is 2162 It's your key level in tomorrow. Keep close it guys it will play key role in next move of gold. If market hold it in that case you can see a bounce from here otherwise not at all. Stay sharp here because GOLD APRIL CONTRACT EXPIRY IS ALSO IN THIS WEEK. good luck Trade wisely
FX:XAUUSD
by AdilHussain731333
Trading Plan for Monday, March 25th, 2024Trading Plan for Monday, March 25th, 2024 Market Sentiment: Cautious, watching key support levels after the rally Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5284-88 (major), 5276, 5259 (major), 5245-48 (major), 5236, 5230, 5219-21 (major), 5213, 5208, 5200-5197 (major), 5191, 5186, 5177, 5168-71 (major), 5163, 5155, 5145 (major) Resistances to Monitor: Key Resistances: 5295, 5302 (major), 5307 (major), 5313, 5320, 5328 (major), 5338, 5348 (major), 5355, 5363-66 (major), 5380, 5389, 5396-5400 (major), 5412, 5428 (major), 5438-42 (major), 5450, 5460-63 (major) Trading Strategy: Choppy Range: Be prepared for potential choppiness within the 5302-5288 range. Trade with caution and focus on range-bound strategies if this pattern persists. Flag Structure: Observe the bull flag structure that has formed since Thursday. A decisive breakout or breakdown could provide a clearer directional signal. Long Opportunities: Look for potential long entries at 5284-88, particularly after a retest and reclaim. If this level fails, be extremely cautious about longs and consider bids only at major support levels like 5259 and 5245-48 (triangle back-test). Short Opportunities: Counter-trend shorting on strong up moves carries significant risk. Use extreme caution if considering shorts near major resistances. Watch for signs of a breakdown or retracement, and focus on 5307 and potentially 5348 if we get that far. Focus on Reactions: Don't force trades, be patient, and react to price action. Let price discovery unfold after the rally. Bull Case Flag Breakout: A breakout above the bull flag resistance around 5307 could signal a continuation of the uptrend, targeting 5320, 5338, then 5348. Support Holds: As long as 5284-88 holds as support, the bulls remain in short-term control. Look for potential add-on points if 5307 breaks out, preferably after acceptance or a failed breakdown. Bear Case Breakdown Signals: Breakdown below 5284 could trigger selling pressure. Watch for shorting opportunities on failed breakdowns or bounces. Exercise patience as these setups often involve traps. News: Top Stories for March 25th, 2024 Federal Reserve Updates: Analysis of the Fed's latest interest rate decision, economic projections, and implications for future monetary policy. Focus on how market expectations for rate cuts in 2024 may have shifted, and the continued focus on inflation data. Inflation and Economic Data: Discussion of the latest CPI figures, job market data, and their potential impact on the Fed's approach to managing inflation. Market Reactions: Examine how global markets have reacted to the Fed's decisions, including equity indices, treasury yields, and the dollar's performance. Global Economic Outlook: Updates from Vanguard on economic expectations, contrasting the U.S. with trends in the Eurozone and U.K. Lessons from Bank Failures: Reflect on the lessons learned from recent stress in regional banks and discuss implications for the financial system's overall stability. Energy Transition: Analysis of the challenges and opportunities in the electrification of energy markets. Stock Market Sentiment: Review market sentiment after the Fed decision and the potential for near-term changes. Remember: The market might be consolidating after a strong rally. Be adaptable, manage risk, prioritize capital preservation, and always prioritize reacting to price action over any predictions.
CME_MINI:ESM2024
by spytradingpro
The TradingView Digest - March 25thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top ideas from our community, which includes a video tutorial on customizing TradingView charts, an informative post about Reddit, a hot script on price gaps, and all the latest headlines, earnings, and economic events. We hope you find this week's edition exciting and engaging. Let's dive in! 😀 💡🎥 TradingView Masterclass: Create your perfect chart - by TradingView Dive into this video for a hands-on masterclass on TradingView's chart settings, created just for you! From the general themes to the smallest details, you'll learn how to fully customize your charts to match your unique trading style and preferences. Discover how to access and adjust every aspect of your charts, making sure they look, present data, and integrate trading features exactly how you want. 💡 Reddit Braves Wall Street with 48% Pop in Debut. When Growth? - by TradingView Reddit stepped into the public-market space this week with a flashy and splashy IPO in New York that chalked up a 48% gain on its debut day. The listing was met with lots of cheer from Wall Street as it was the biggest one for a social media company since Pinterest hit exchanges in 2019. 🔝 Top Stories 📰 Federal Reserve Holds Interest Rates Steady but Projects Three Cuts This Year 📰 Sterling Tumbles 2% to $1.2580 After Bank of England Keeps Rates Steady 📰 Apple Stock Wipes Out Over $100 Billion in Value After US Files iPhone Monopoly Lawsuit 📰 Reddit Stock Pops 38% Out of the Gate to Trade at $47 a Share at $9 Billion Valuation 📰 Bitcoin Powers Up by 12% to $68K After Jay Powell Upholds Rate-Cut Timeline 💵 Earnings highlights from the previous week: 💲 PDD Holdings soars on Q4 results beat 💲 Micron Posts Surprise 2Q Profit as Recovery Continues 💲 Accenture Q2 Earnings Surpass Estimates, Revenues Miss 💲 NIKE Q3 Earnings Surpass Estimates, Revenues Up Y/Y 💲 FedEx Posts Strong Quarterly Results 💡 Options Blueprint Series: Strangles vs. Straddles - by traddictiv Among the plethora of strategies, the Strangle holds a unique position, offering flexibility in unclear market conditions without the upfront costs associated with more conventional approaches like the Straddle. This article delves into the intricacies of the Strangle strategy, emphasizing its application in trading Gold Futures. 💡🎥 How to Set a Trailing Stop Loss on TradingView - by zAngus This one is a bit of a hack but follows on from my video on how to set 'Stop Losses' on TradingView for Connected Brokers. To set a trailing stop loss, you need to open your broker account, place the trade there, and it will then be reflected on the TradingView interface. 📆 Economic Calendar ⚡️ March 26th (United States) — Durable Goods Orders MoM ⚡️ March 28th (United Kingdom) — GDP Growth Rate YoY Final (Q4) ⚡️ March 28th (United States) — GDP Growth Rate QoQ Final (Q4) ⚡️ March 29th (United States) — Core PCE Price Index YoY ⚡️ March 29th (United States) — Fed Chair Powell Speech ⚡️ March 31st (China) — NBS Manufacturing PMI 🔥 What's New Just a few minor tweaks last week, but fear not ... We continue working hard 👷🏽 to make the platform even better. 🌟 Script of the Week 📜 Gaps Profile - by vnhilton The script displays remaining unclosed gaps on the chart, helping you recognize shifts in market sentiment and pinpoint potential supply/demand zones. 💭 Our Weekly Thought: “ Sometimes the best trades are the ones you did not take. ” We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below. 💖, TradingView Team 📣 Want to be among the first to know all the news? Give us a follow!
COINBASE:BTCUSD
by TradingView
2
Trading Plan for Friday, March 22nd, 2024Trading Plan for Friday, March 22nd, 2024 Market Sentiment: Cautious, watching key support levels Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5302 (major), 5298, 5286, 5282-79 (major), 5275, 5257, 5246-49 (major), 5236 (major), 5231, 5225, 5218 (major), 5212, 5208 (major), 5203, 5191-94 (major), 5179, 5169-71 (major), 5162, 5153-55 (major), 5147, 5136 (major), 5123-26 (major), 5115, 5108 (major), 5102, 5092, 5077-82 (major) Resistances to Monitor: Key Resistances: 5308, 5320 (major), 5331, 5337-39 (major), 5347, 5350-5354 (major), 5362, 5374, 5381, 5385-90 (major), 5400, 5413, 5425-30 (major) Trading Strategy: Support Testing: The market is likely to test key support levels after the rally. Prioritize capital preservation and be watchful for potential bounce plays. Long Opportunities: Look for potential long entries at 5302 (after retest and reclaim), 5282-79, or the triangle backtest at 5246-49. Avoid aggressive longs if the triangle backtest fails. Short Opportunities: Counter-trend shorting on strong up moves carries significant risk. Use extreme caution if considering shorts near major resistances. Watch for signs of a breakdown or retracement for better risk/reward entries. Focus on Reactions: Don't force trades, be patient, and react to price action. Let price discovery unfold after the rally. Bull Case Triangle Backtest Hold: Bulls maintain control as long as the 5246-49 triangle backtest holds. A bounce here, particularly if it extends to the 5282-79 zone, provides a strong entry for a move back towards the 5320 resistance. Basing and Building: Bulls could base above 5302 after a retracement, creating the potential for further upside moves. Watch for flagging in this zone for potential upside. Bear Case Breakdown Signals: Breakdown below 5302 and especially below the 5251-47 triangle backtest could trigger selling pressure. Watch for shorting opportunities on failed breakdowns or bounces. Exercise patience as these setups often involve traps. News: Top Stories for March 22nd, 2024 Global Economic Developments: Labor market developments in Germany, housing market indicators in the U.S., the Panama Canal's financial performance, and the global semiconductor industry. Federal Reserve Updates: The impact of the Fed's latest interest rate decision and economic forecasts. Inflation and Jobs: Analysis of the latest job market data and inflation trends, and their implications for the Federal Reserve's future monetary policy actions. International Markets: Updates on foreign direct investment in China, German business sentiment, inflation in Japan, and the Australian economy's response to interest rate pressures. Legislative Updates (U.S.): Developments regarding the U.S. spending bill and geopolitical concerns surrounding the CHIPS grant in Arizona. Indian Equity Markets: Analysis of recent movements in the Indian markets, including IT, auto sector news, and performance of the Sensex and Nifty. Corporate News: Stock market reactions to company announcements, such as news from Larsen and Toubro and IDFC FIRST Bank. Outlook on Accenture and other tech stocks. IPO and Stock Market Updates: Discussion of how Reddit's IPO performance may impact the overall market sentiment and encourage other companies to go public. Remember: The market is likely in a price discovery phase. Be adaptable, manage risk, and react to price action rather than predicting.
CME_MINI:ESM2024Long
by spytradingpro
Trading Plan for Thursday, March 21st, 2024Trading Plan for Thursday, March 21st, 2024 Market Sentiment: Cautious, price discovery after breakout Weekly Volatility Risk: High (potentially elevated due to price discovery post-breakout) Supports to Watch: Immediate Supports: 5275-80 (major), 5266-68, 5260, 5251 (major), 5246, 5236, 5231, 5221-26 (major), 5217, 5212 (major), 5200-02 (major), 5196, 5189-91 (major) ,5178, 5169 (major), 5162, 5155 (major), 5147, 5136 (major), 5126-29 (major), 5116, 5109, 5103 (major), 5095, 5091, 5079-82 (major) Resistances to Monitor: Key Resistances: 5285, 5295-5300 (major), 5315 (major), 5330 (major), 5339, 5345, 5352 5360, 5369, 5376-81 (major), 5389, 5405, 5423, 5428-32 (major) Trading Strategy: Price Discovery Mode Post-Breakout Caution: The parabolic rally yesterday makes today a less favorable environment for aggressive trading. Exercise caution, as setups are likely to be less reliable. Prioritize capital preservation. Long Opportunities: Watch for potential long entries at 5275-80 or after a dip and reclaim (to 5273 or 5268). Target a retest of the 5295 resistance if we haven't tagged it yet. The backtest of the triangle breakout zone at 5251-46 is interesting but carries more risk. Short Opportunities: Counter-trend shorting on strong up moves carries significant risk. Use extreme caution if considering shorts near major resistances. Focus on Reactions: Don't force trades, be patient, and react to price action. Let price discovery unfold after the breakout. Bull Case Breakout Continuation: The triangle breakout, as long as the 5251-47 zone holds, targets a move towards 5295-5300, then 5315 and potentially up to 5330. Basing and Building: Bulls could base above 5275 after a bullish leg, creating the potential for further upside moves. Bear Case Breakdown Signals: Breakdown below 5251-47 could trigger selling pressure. Watch for shorting opportunities on failed breakdowns or bounces. Exercise patience as these setups often involve traps. News: Top Stories for March 21st, 2024 Fed Rate Decision: Fed holds rates steady and projects three cuts this year. March 2024 Market Outlook: Analysts provide insights and forecasts on the global economy, equities, interest rates, and upcoming financial events. Corporate Earnings Updates: Companies like Borregaard ASA and Affimed N.V. release their financial reports, detailing performance and future guidance. Bank of America Reporting Schedule: Investors have access to the financial reporting dates for Bank of America in 2024. AI and Market Sentiment Some analysts express skepticism about the sustainability of the AI-driven rally and the extent to which it reflects actual revenue growth. Global Economic Developments: Central banks in Switzerland and Russia make interest rate adjustments, impacting currency markets. Financial Trends for 2024: Focus on sustainable investing, digital assets, AI and automation, cybersecurity, and financial literacy. Remember: The market is undergoing price discovery after the breakout. Be adaptable, manage risk, and react to price action rather than predicting.
CME_MINI:ESM2024Long
by spytradingpro