damondre94
@t_damondre94
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damondre94

Gold has broken out the 4 hr and daily timeframes. We are sitting on a major level of support heading into a new year as well as a new president being inagaurated. As long as gold holds this level of support Id like to see price break the 2700 level. There's a lot of volatility entering the market so I wouldn't be surprised if we restest the 50% Retracement level on the fib from Fridays NFP. I would look for opportunities of a continuation or retracement to buy. Im bullish on Gold 2025.
damondre94

XRP is pumping! We are ranging above $2 as support and resistance is just slightly below $3. Price is setting a bullish flag continuation move on the daily. Once we get a break out of that bullish channel we will break all time highs well into a new all time high. I believe we head to $10-$11 on the next pump which is a 5x from where we are now.
damondre94

Gold was extremely bullish in 2024. Right now price is ranging between 2600 and 2700. The technicals arent clear as if Gold will continue up. The USDollar has been extremely bullish for the past couple weeks, so it will interesting to see how much money trump will spend when he gets in office. FOMO is entering the market increasing volatility so I would like to see a correction around 2500 before chasing a buy. Ill buy the correction or a retest of a bullish brea
damondre94

bitcoin is setting a bullish flag continuation ahead of the trump inauguration. Price is ranging between 92k as support and 100k as resistance. A break of 100k is bullish (buy) for Bitcoin and below 92k short term bearish (sell). When trump is inagaurated volatility for crypto and the market in general will increase especially heading into tax season.
damondre94

Gold market structure is showing bullish momentum in the short term after the drop in election season. Price has printed a head and shoulders pattern on the higher time frames and is now printing an inverse head and shoulders as well on the retracement. With tensions in Ukrain and Russia still at war, the fundamentals could push price back to the highs with the market uncertainty.
damondre94

Gold is bouncing off a key support level. Price is possibly forming a head and shoulders as far as market structure. Buyers are still in control on higher time frames, any fall in the market is a great opportunity for buyers to go long towards 2800. we may range before the breakout but we will need a break above the 2740 resistance. secure profits as we head into the election as the dollar is bullish and so is Gold, none the less i anticipate based off market structure that we will see a continuation to the upside.
damondre94

Gold technicals and price action show that this bull move is extremely strong. With NFP this week, this will bring more volatility into the market. Gold has sold off during the last 2 NFP Friday news. The fundamentals could line up for the dollar to retrace this week which will push Gold down and give opportunities for buyers to continue pushing toward new highs before the election. My next target for Gold will be 2800, I would love a retracement opportunity to buy around 2600. None the less I'll be buying the dip
damondre94

Bitcoin is setting up a beautiful double bottom pattern on the weekly timeframe. Not only is there a double bottom but bitcoin price has broken out a 6 month consolidation last week. With NFP approaching this week, I will be looking for buy positions if or when price retraces. I dropped a fib retracement as well, I liked 62k for a long position.
damondre94

Gold bounced and help support around 2500, CPI news drops tomorrow morning around 8:30. This news will be a key economic factor heading into next week. If the news comes out less than expected than Gold should head to highers levels and break the all the time high. 2530 is a strong resistance level, with weaker CPI data I anticipate Gold to break resistance this week if not next when the FED decided to lower interest rates.
damondre94

BTC has set a double bottom on a broken daily support level in the 1 hr time frame. We got a bounce and similar double bottom pattern on the 52k daily support level as well. As we get closer to the USA presidential election more and more volatility will enter the market. I like this level for a short term buy up to 60k
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