The gold’s record high finally arrived on Monday. After the gap up, the gold price is currently at 2152, which is significantly higher than the previous high, which means that a new bull market rising to 2200-2300 has started. For precious metal traders, whether the confirmation of the trend can bring silver to make up for the rise may be a trading opportunity that can be paid attention to in the next stage.After half a year's correction of the previous triple top form of gold futures, the current breakthrough is very ideal in both price and time period, so the probability of effective breakthrough is far greater than false breakthrough.Long ago, according to the long-term graphic structure of gold, we predicted that the ultimate goal of gold price in this big bull market can be seen at le

Amazon Inc., Elliott Wave Technical Analysis Amazon Inc., (AMZN:NASDAQ): 4h Chart 5 December 23 AMZN Stock Market Analysis: Looking for a top in wave (i) in place as we have taken out the previous top. The more conservative alternate is that wave {v} is in place and we are due wave 4.   AMZN Elliott Wave Count: Wave (ii) of {v}.   AMZN Technical Indicators: Below 20EMA   AMZN Trading Strategy: Looking for longs once the wave (i) top gets taken out.   TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! Amazon Inc., AMZN: 1-hour Chart, 5 December 23 Amazon Inc., Elliott Wave Technical Analysis AMZN Stock Market Analysis: Looking for a three wave move into wave a and we are now looking for a pullback in wave b. Ideally we will get suppor

Alphabet Inc., Elliott Wave Technical Analysis Alphabet Inc., (GOOGL:NASDAQ): 4h Chart 4 December 23 GOOGL Stock Market Analysis: We are monitoring the downside move into potential wave C as we seem to have an incomplete correction into potential wave (2).   GOOGL Elliott Wave Count: Wave C of (2).   GOOGL Technical Indicators: Below all averages.   GOOGL Trading Strategy: Looking for quick shorts if 130$ becomes tested resistance.   TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! Alphabet Inc., GOOGL: 1-hour Chart 4 December 23 Alphabet Inc., Elliott Wave Technical Analysis GOOGL Stock Market Analysis: We seem to have had a three wave move to the downside as we are looking for a complete impulsive wave into either a short wave C

With the publication of comments from two important Fed directors overnight, the market speculation that the Fed will cut interest rates in 2024 is more intense.First,Governor Waller, one of the Fed's toughest officials, said that the policy is in place to return the inflation rate to the Fed's target of 2%, indicating that policy makers may not need to rate hike again.Second,Bowman, another Fed governor, said she is still willing to support rate hike if inflation stagnates, but did not express her support for next month's rate hike.It should be said that the speeches of the above-mentioned two directors with permanent voting rights are dovish and hawkish, and the market directly interprets them as all dovish,That is to say, the Federal Reserve has recognized the cowardice and can't bear i

Driven by the easing of China-US relations and the relatively calm market news, US stocks rose steadily in the coming month, while the Nasdaq, as the leader, was even more brilliant, breaking through the high level in July this year. However, with the decline of core stocks last week and the near high of S&P and Dow, it is necessary to pay attention to the risk of recent stock index correction.In the watch list, one of the most important indicators is naturally Nvidia, a stock led by AI concept with unlimited scenery this year. We have also highlighted it before when it dropped from its high position and tested the neck line of the head and shoulder. In short, NVIDIA's trend can be regarded as the leading indicator of Nasdaq to a great extent, and at the same time indirectly affects th

Hello everyone! Today I will some techncial analysis with you!1.MPW #95: $E-mini Nasdaq 100 - main 2312(NQmain)$ "The twists-&-turns over last two years pushed the envelop to the extremes. It takes some mental acrobatic moves for EWT traders to keep themselves sane and sound, not to mention financially viable. For anyone who is stubborn enough to get married to one’s wave count without proper protections and flexibility, they should be no longer with us now."Image2.MPW Workshop Tour: $S&P 500(.SPX)$ (1) got back to my den in the States before holiday and is planning my next two stops of MPW workshop in CA & NY next month. (2) See the roadmap I provided to subs on 10/28--Clearly, 4103 is a

Pepsico Inc., Elliott Wave Technical Analysis Pepsico Inc., (PEP:NASDAQ): 4h Chart 27 November 23 PEP Stock Market Analysis: Looking for a potential wave {iv} that keep moving in the opposite direction, which is why we are considering either a diagonal into wave (c) or else we could most likely be in a complex correction and we are moving towards invalidation level.   PEP Elliott Wave Count: Wave (c) of {iv}. PEP Technical Indicators: Below 20EMA. PEP Trading Strategy: Looking for shorts after bearish confirmation.   TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! Pepsico Inc., PEP: 1-hour Chart 27 November 23 Pepsico Inc., Elliott Wave Technical Analysis PEP Stock Market Analysis: Looking for a potential diagonal into wave (c) as we are al

Gold fell to correction in November after rising continuously, but silver, which had been tepid before, walked out of the bullish positive trend last week. The downward trend line resistance since the first quarter of this year is currently suppressing the attack of silver bulls. If the suppression can be successfully broken through, precious metals are expected to make greater progress, and gold is even expected to reach a new high at the end of this yearFrom the weekly chart of silver, we can see that the current silver price as a whole is still within a certain range of fluctuation in the past three years, and does not have the ability to soar. Nevertheless, the more standard flag-shaped finishing combined with the previous rebound momentum still gives people a feeling of gaining moment

Hello everyone! Today I want to share some technical analysis with you!NDX's signal: $NASDAQ(.IXIC)$ $E-mini Nasdaq 100 - main 2312(NQmain)$ (1) moments ago, NDX set up a higher high at 15943, surpassing the previous high in July. (2) this occurrence officially buries the option that previous downward move is an impulsive series. (3) the most likely path forward, at least for NDX, would be a GIANT FLAT.ImageFollow me to learn more about analysis!!https://twitter.com/MasterPandaWu/status/1726624711805977076

Tesla Inc., Elliott Wave Technical Analysis Tesla Inc., (TSLA:NASDAQ): 4h Chart 17 November 23 TSLA Stock Market Analysis: We have been monitoring Tesla for a potentisal bottom in place for a few weeks now. We could have found a turning point if we manage to confirm a five wave move to the upside into wave (i). Therefore we are looking for further upside to find support into a wave iv.   TSLA Elliott Wave Count: Wave iv of (i) TSLA Technical Indicators: Support on 200EMA. TSLA Trading Strategy: Looking for longs into wave v. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! Tesla Inc., TSLA: 1-hour Chart 17 November 23 Tesla Inc.,  Elliott Wave Technical Analysis TSLA Stock Market Analysis: Looking for 235$ to hold as support to then confirm

Despite the tepid performance of the US Dollar Index in the past few weeks, this still cannot stop the yen's continued decline.In the 11 months from 2023 to the present, the yen closed up in only 2 months, This shows the determination and motivation of the market to sell yen. On the one hand, the lack of real safe-haven demand in the market makes the yen go unattended. On the other hand, more crucially, the expected central bank turn (ultra-loose to normal) has not appeared.Ueda Kazuo's latest speech in November made the trend of the yen even more worrying. He stated that it is necessary to cut interest rates cautiously, and relaxing ultra-loose monetary policy is a severe challenge. Earlier, the Bank of Japan challenged YCC policy again, and raising the yield of 10-year Japanese bonds to

$S&P 500(.SPX)$ remained above 4375 then extended the B-Wave to the secondary 4500 termination target. There may be modest upside left to 4523, but a bearish reversal should occur momentarily. The loss of 4455 is the first indication the bearish C-Wave decline is in progress with <4430 confirming. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini Nasdaq 100 - main 2312(NQmain)$ $E-mini S&P 500 - main 2312(ESmain)$

Costco Wholesale Corp.,Elliott Wave Technical Analysis Costco Wholesale Corp.,(COST:NASDAQ): 4h Chart 14 November 23 COST Stock Market Analysis: We have been looking for upside into wave 3 as has a three wave move into what seems to be Minor wave 2. Now looking for upside resumption as we managed to break previous highs.   COST Elliott Wave Count: Wave {i} of 3.   COST Technical Indicators: Above all averages. COST Trading Strategy: Looking for longs on the pullback in wave {ii}. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! Costco Wholesale Corp.,  COST: 1-hour Chart 14 November 23 Costco Wholesale Corp.,  Elliott Wave Technical Analysis COST Stock Market Analysis: We see a potential five wave move into wave {i} as we are now s

Tesla Inc., Elliott Wave Technical Analysis Tesla Inc., (TSLA:NASDAQ): 4h Chart, 9 November 23 TSLA Stock Market Analysis: Looking for upside into potential wave I as we successfully turned higher after the anticipated bottom in wave (c). Looking for one more leg higher before a potential pullback in wave ii. TSLA Elliott Wave Count: Wave i of (i). TSLA Technical Indicators: Between averages, 20EMA as support. TSLA Trading Strategy: Looking for upside into wave (i).   TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here!       Tesla Inc., TSLA: 1-hour Chart 9 November 23 Tesla Inc., Elliott Wave Technical Analysis TSLA Stock Market Analysis: Potential triangle into wave 4 of substitute wave i. Looking

On November 3rd, the United States released the latest non-farm payrolls data, which showed that the non-farm payrolls increased by 150,000 in October, which is expected to be 180,000. The number of new jobs in September was revised down from 336,000 to 297,000, and the number of new jobs in October was only half of the number of new jobs in September, which was the second lowest since 2022.The number of new non-farm jobs slowed down beyond expectations, while the unemployment rate rose to a high level since January 2022, which indicates that the hot American labor market began to cool down.The news came that the strong hawkish policy of the Federal Reserve might be restrained in the face of facts, the rate hike policy might be stopped, and even there was the possibility of lowering intere