MORE ACCURATE ROUTE FOR GOLDour idea is still valid but needs a little bit of clarification : we thought gold would follow some kind of round top pattern ;
now it seems like a 3/4 tops and a HH, then a drawdown to 2500s by next week.
However it will come back up at some point soon, around the beginning of 2025, so stay advised and don't try to sell it under 2500.
AUDUSD
AUD/USD Reaches New Low: Technicals Highlight Bearish TrendThe AUD/USD pair has sunk below 0.65000, hitting a low of 0.64529, reflecting a persistent bearish trend for the Australian dollar. This decline aligns with the strong US dollar index at 106.4 amidst robust post-election performance. The RBA's steady interest rate at 4.35% and lackluster employment growth in Australia indicate ongoing economic pressures that may limit the Aussie’s recovery. Meanwhile, anticipated rate cuts by the Fed could introduce USD vulnerabilities, adding complexity to the pair's future trajectory. Traders should closely monitor economic indicators and central bank policies in both regions for potential market shifts.
AUD/USD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
AUD-USD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.653 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the AUD/USD pair.
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BTC BEARISHCorrection from yesterday : BTC is clearly going down for now ;
as it is not a real asset indexed on some real currency (even though it is really strong of course), it does not follow the same logical paths as gold and nasdaq, so it is really tough to know;
bears are starting to take over for BTC, and it might be the beginning of a slow fall for bitcoin.
US100/NASDAQ STILL GOING UPThe white lines are yesterday's projections, which are a little late ;
the setup is still valid and a little late but will make NASDAQ rise once again ;
more precisely this time, we put together a possible route for this, stopping and reversing at KL and previous HH and LL.
XAUUSD FAKE BULLSAs Gold started an impressive bearish era, losing more than 200 points against all odds, now seems like a good time for it to calm down ;
Gold going down, as well as VIX in some way, shows that the economy is getting better, Gold only rises when the world falls apart (war, inflation, pandemics).
So with such a great leader it seems obvious that now gold is to come back to normal levels, and should not rise again, at least not so sharp, but for how long ?
AUDUSD Continues Downtrend with High-Probability Weekly FVG AUDUSD has maintained a strong downtrend, recently wicking into a weekly Fair Value Gap (FVG) that previously broke structure, confirming this FVG as high-probability. The recent close below the weekly FVG reinforces a bearish bias, indicating that sellers are still in control.
The next target for this move is the sellside liquidity at 0.63541. This setup aligns with the prevailing trend, making it a high-probability continuation to the downside.
Always remember: DYOR (Do Your Own Research).
AUDUSD What Next? BUY!
My dear friends,
Please, find my technical outlook for AUDUSD below:
The instrument tests an important psychological level 0.6508
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6573
Recommended Stop Loss - 0.6475
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
AUDUSD Sell the dead cat bounce.The AUDUSD pair gave us an excellent sell opportunity last time on our bearish signal (September 18, see chart below) as it got rejected marginally above the 1.5 year Resistance Zone and broke below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line):
This is so far consistent with all three previous sell sequences that reached the 1D RSI oversold (30.00) barrier. If the symmetry continues to hold, then we should be expecting at least a +2.62% counter-trend rebound and then another rejection towards the 1.382 Fibonacci extension.
As a result, we remain bearish on AUDUSD but need to move our Target a bit higher at 0.64500 (despite the gravity of the 2-year Higher Lows trend-line and the Support Zone) in order to match the 1.382 Fib.
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AUDUSD Is Approaching An Important ResistanceHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65700 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65700 support and resistance area.
Trade safe, Joe.
XAU/USD : More Fall Ahead ? (READ THE CAPTION)We can observe that after reaching $2699 again, gold faced selling pressure and has corrected down to $2659 so far. Considering that both the New York and Canadian markets are closed today, we are likely to see the next significant move tomorrow.
Considering the current price trajectory, we need to see how gold reacts if it declines further to the $2649 level. If this level does not hold as support, there is a high likelihood that gold will first hit the $2643 target and then continue dropping to $2630 and $2616.
THE MAIN IDEA :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
AUD/USD "Aussie" Bank Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
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Potential bullish bounce for the Aussie?AUD/USD is falling towards the support level which is a pullback support that is slightly below the 78.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6544
Why we like it:
There is a pullback support level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 0.6508
Why we like it:
There is a pullback support level.
Take profit: 0.6597
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
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AUD/USD 1-Hour UpdateAUD/USD 1-Hour Update – We’ve broken through a support zone, which has now turned into resistance in the pink area. A pullback has occurred, and it looks like the price is getting rejected, potentially heading toward the green support zone. This area could see buyers stepping back in, or, if you’re in a short, it might be a good place to consider reducing positions.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66100 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66100 support and resistance area.
Trade safe, Joe.
AUDUSD Channel Down aiming for a bearish break out.AUDUSD is trading inside a Channel Down since September 19th.
The price is currently under the MA50 (4h) and the bullish wave of the Channel Down is about to end.
So far this is similar to the first bullish wave (Megaphone) that made a bearish break out on October 3rd.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 0.64565 (Fibonacci 1.5 extension).
Tips:
1. The RSI (4h) double topped and is trading under its MA. Sell signal as well.
Please like, follow and comment!!
AUDUSD Long- day tradingForgot to post this trade earlier!
FX:AUDUSD
Let's see if it reaches the buy-side liquidity: we've got a W pattern, swing low, FVG, discount array, and buy-side liquidity in play.
Honestly, it looks poised to go higher if today’s level holds; otherwise, more downside ahead. EUR/USD has recovered well, but tomorrow will bring a new challenge.
AU Index Rallies from Demand Area as Bullish Sentiment GrowsThe AU Index experienced a significant development yesterday as it reached a key demand area, showing a strong rejection today that indicates potential bullish momentum. This demand zone, identified through technical analysis, has historically served as a pivotal point for price action, suggesting an opportunity for a price turnaround. With the opening candle reflecting a robust rejection of lower levels, traders are increasingly optimistic about the possibility of a bullish trend emerging in the coming months.
From a technical standpoint, this demand area presents a solid foundation for potential upward movement. The absence of follow-through selling and the strength of the rejection signal that buyers are stepping in to support the price. When coupled with historical seasonality patterns, which indicate a likelihood of gains during this period, there is a compelling case for a bullish outlook on the AU Index. Historical trends suggest that this time frame has often led to price rallies, providing further confirmation for those considering long positions.
On the fundamental side, the insights from the Commitment of Traders (COT) report paint an interesting picture. While retail traders are predominantly bearish, indicating a cautious sentiment among the broader market participants, the smart money narrative tells a different story. Institutional investors appear to be either bullish or in the early stages of building long positions, which can be a telling signal for future price action. This divergence between retail bearishness and institutional buying often creates an environment ripe for a market reversal, particularly as the smart money tends to lead rather than follow market trends.
Given these dynamics, traders are now on the lookout for a long setup on the AU Index. Emphasizing risk management and entry strategies will be essential in this endeavor. With the price showing resilience at the demand area and fundamental signals suggesting a shift towards bullishness, there is a growing confidence that the AU Index may be poised for a sustained rally.
In conclusion, the confluence of technical indicators, seasonal patterns, and the contrasting sentiments present in the COT report presents an enticing opportunity in the AU Index. As traders position themselves for potential gains, the next few sessions will be crucial in determining whether this demand area will indeed act as a launchpad for a bullish trend in the months ahead. Investors will be closely monitoring price movements, looking for confirmation to validate their long strategies in what could be an exciting period for this index.
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