Forex-trading
XAUUSD ,Printed Good Bullish Move...Now what? In Yesterday's trading session, we have seen big bullish spike /short squeeze(correction +Retailer Squeeze + Near to expiry PCR)and gold printed a healthy bullish candle which covered almost 5-session decline.
On the price action note now the main task for bears is to breakdown the daily pivot as bulls now defending daily pivot successfully from last 3 trading day .So if they are able to breakdown the daily pivot then we can expect a decline otherwise now bulls are in good control right now.
For bears the main level to watch is 1925,above this bulls can make another bullish move.
XAUUSD Intra Day Levels Gold Price is still under bearish pressure and bulls are trying hard to break out the 1900 psychological level
in bottomside 1985 is holding well on intraday TF.
If you looking for a sell opportunity then for a Good decline wait it to break down the recent low or wait for rejection on High Volume areas.
Buying is still Limited for scalping only.
XAUUSD Key Level for CPIBig day Ahead as everyone waiting for the CPI Data ,as per price action gold is trading under sell pressure and not able to break this decline cycle and we do not have any confirmation of buy in any time frame .So those who looking for buy better wait for good rejection or wait for data ,after CPI if we can see big move(as per past history 400+ pips is normal in some cases ) then that move can change the trend direction in north side otherwise we have to stay with the trend(Bears Side) ,if you remember the analysis of weekly video I clearly mentioned that the trend is not favourable for bulls and we have to look for sell opportunities only and this is still valid for today also but as today we have big day so for today better wait for price to react on CPI and then think about to enter in trade.For beginner, my advice is to stay out today and don't risk your capital and just wait and watch the show.
Bitcoin $31k is not so far follow me !cryptocurrency is right now consolidating its price by not moving high and low
there are close lows and close highs at the moment of btc price
the patience will decide the future results
filtration of risk takers are there
now trading psychology game is there
the best is yet to come
follow me for right and strong direction and the movement analysis for cryptocurrencies
$HEM ,major smallcap biotech play with picture perfect financialThe global biotechnology market was estimated to be worth USD 859.94 billion in 2022 and is expected to be worth around USD 1,683.52 billion by 2030, with a notable CAGR of 8.7% from 2023 to 2030. Investors should pay attention to productive small caps in the game, such as $HEM, which has shown immense growth potential in the years to come. Hemostemix, Inc. has announced good clinical trial findings for the treatment of CLI and angina, indicating that its treatments have the potential to address large unmet medical needs. The stock has risen over the barrier level and is now worth more than $0.1650.
Hemostemix Inc. may be a good investment idea because it is rising in the industry with favorable outcomes and has more than 90 million outstanding shares.
Hemostemix Inc. has a market capitalization of 13 million, a Beta (5Y monthly) of 0.61, and an EPS (TTM) of 0.320. By the conclusion of the 52-week period, the shares will be worth 50 cents. The price is now 0.1650.
$HEM announced the sale of up to 500 five-year 6% unsecured convertible debentures ("CDs") at a price of USD $35,000 apiece. The CD TPS program's tranche 1 is designed to sell 500 units in order to raise money of up to USD $17,500,000, which may be converted into future revenue of up to USD $17,500,000.
If Hemostemix Inc.'s clinical studies are successful, they acquire regulatory clearances, and they can efficiently sell their goods and therapies, they have the potential to expand. Furthermore, they have a solid management team and a board of directors composed of industry professionals that can optimize brand value. After the volatility has subsided, the shares have the potential to hit $1.
What are they hiding in COT Report ?If you are following CFTC COT report for commodity you already knows that the CFTC is not sharing the COT report timely from last 5 Weeks ,
I tried to analyze the Last three week COT report on GOLD published by CFTC.
On 24/1/2023 the COT showing bullish sentiments as they adding in Longs and Covering there Short and we have seen sideways (You can see the Green colored path) move after that week .
On 31/01/2023 the COT report showing Mixed view as smart Money managers were adding money in Long and Short both and we have seen some bullish moment (You can see the blue colored path) and then bearish move from Gold.
In Latest COT report Published on 07/02/2023 it was very clear that they covered there long positions due to which that COT was totally bearish and we have seen a big decline after that Data (You can see the Red colored path) .
Still we don't have latest COT report report and we have to rely only on this old data, rest you know what they hiding and why they are not able to publish the COT report timely as this data is very useful for retail trader to get some insight of smart money managers.
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