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FXI Still Time to Capitalize on the China Stimulus RallyThe recent surge in Chinese stocks following China’s central bank stimulus announcement signals a promising opportunity for those looking at the iShares China Large-Cap ETF. The stimulus package, part of a series of aggressive moves from Chinese policymakers, reflects a significant shift in their approach to economic management. For years, China hesitated to implement large-scale stimulus measures, fearing the long-term risks. However, the latest actions show that this cautious mindset has been abandoned, with the government now prioritizing immediate economic recovery. This newfound willingness to deploy powerful monetary tools suggests that China’s central bank is prepared to act decisively to combat the economic pressures the country is facing. With this level of commitment, it’s reasonable to expect that the stimulus will have a meaningful impact, potentially accelerating growth in key sectors. The iShares China Large-Cap ETF, which tracks some of the largest Chinese companies, stands to benefit significantly from this shift. As these companies often reflect the broader health of China’s economy, investors could see strong gains in the near term as the effects of the stimulus ripple through the markets. Given the central bank's proactive measures and the potential for further interventions, the iShares China Large-Cap ETF presents a compelling opportunity for bullish investors who want to capitalize on China's economic rebound.
AMEX:FXILong
by TopgOptions
Gold price today: expected to continue the decline!Hi everyone! The global gold price continues its downward spiral today, extending its decline from the peak of $2,670 per ounce and at times dropping close to the $2,600 mark. This marks the sixth consecutive day of losses for the yellow metal, with the primary reason being the strong rally of the US dollar. The US Dollar Index has now hit its highest point in nearly two months, making gold more "expensive" for those trading in other currencies. Adding to the pressure, the market is also grappling with expectations around the US Federal Reserve's (Fed) potential interest rate cut in the upcoming November meeting. According to the latest Fed policy meeting minutes, some officials are leaning toward a more significant rate cut, while others favor a more conservative 25 basis point cut, arguing that a 50-point cut might be too risky.
OANDA:XAUUSDShort
by ConanTradingFX
XAUUSD: Should I buy or sell!Hello everyone! Today, gold is showing a clear downtrend. Especially after breaking through the key support level at $2630, the downward trend has become even more pronounced. This decline is further confirmed as gold continues to trade below the EMA 34-89 moving averages and remains confined within a parallel descending channel (2625 - 2645), signaling that buying momentum in the market is gradually weakening. Additionally, investor sentiment has been dampened as expectations of the Fed maintaining its loose monetary policy have significantly diminished. This has given the USD more strength, further pressuring gold, a non-yielding asset. With these clear signs of weakness, according to Conan's analysis, it's highly likely that gold will continue to drop in the short term, potentially falling below the $2600 mark as long as the descending channel remains intact.
OANDA:XAUUSDShort
by ConanTradingFX
Accumulation Triangle and Economic Forecast In the current scenario, gold is sticking to a triangle pattern on the 4-hour chart, showing a sideways swing before deciding on a clear trend. The EMA (34) and EMA (89) are currently holding steady and holding key support levels, highlighting the possibility of a bounce if the price breaks above the triangle’s borders. The immediate resistance is at $2,700, and if it is cleared, the next target would be $2,720, especially if geopolitical tensions increase, which could boost demand for safe-haven assets like gold. However, if the price breaks the triangle’s support, we could see the price drop to lower levels, selling pressure could increase, especially if the US economic data continues to be positive and supportive of the USD.
OANDA:XAUUSD
by Naoomi
XAUUSD: getting support!Gold prices continued to fall slightly this morning, and I couldn't help but notice the impact of the tension in the Middle East. Gold has always been considered a safe investment channel when world politics fluctuate, and since the beginning of 2024, the price has increased by more than 28%. This is not accidental, but largely due to concerns about escalating tensions in the region. The market is currently very sensitive to political fluctuations, and I see many investors still waiting for new moves from the Fed. According to David Morrison, an analyst at Trade Nation, the expectation that the Fed will continue to cut interest rates below 3% is a strong supporting factor for gold prices.
OANDA:XAUUSDLong
by ConanTradingFX
Current Trend and Next Key PointsThe current gold chart shows price stability around $2,660, as the EMAs (34) and (89) reflect a balance between supply and demand. This stability seems to signal that I am preparing for another breakout. With the current economic and political uncertainties, gold continues to be a safe haven asset that I am always watching. If gold can break above $2,660, I expect a new uptrend to begin; otherwise, a downside correction towards the EMA (89) could provide an attractive buying opportunity for me.
OANDA:XAUUSD
by Naoomi
APT - The signal is crystal clear.#APT/USDT #Analysis Description --------------------------------------------------------------- + APT has clearly bounced from the support zone, and we are now seeing a defined trend. + The price is moving towards the next resistance around $18. + This presents a clear opportunity to capitalize on the trend and maximize profits. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 9.13 Stop Loss: 6.43 ------------------------------ Target 1: 10.84 Target 2: 12.96 Target 3: 15.23 Target 4: 18.57 Target 5: 26.78 ------------------------------ Timeframe:1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Cup and Handle: Potential Breakout for GoldOn the 4-hour chart of gold, I am predicting a “Cup and Handle” pattern forming, with a strong breakout potential. This pattern is often a sign of further upside, especially when it is confirmed by a breakout above the resistance line. Recent news suggests that geopolitical instability could be a major factor pushing gold prices higher. For example, escalating tensions in the Middle East, especially armed clashes between regional powers, have prompted investors to seek gold as a safe haven. In addition, concerns about delays in tightening monetary policy by major central banks have also increased the appeal of gold.
OANDA:XAUUSD
by Naoomi
XAUUSD: New Day Trading Strategy!Currently, XAUUSD is hovering around the 2662 USD mark, and it seems that the price has remained relatively stable over the past few days. On the other hand, the resistance level at 2670 is acting as a significant barrier to upward momentum. Interestingly, XAUUSD is forming a green candlestick right above the parallel wedge. If this candle closes above the wedge, we could fully expect a strong breakout, aiming for new profit targets. Additionally, the positive signals from the EMA 34 and 89 are reinforcing this view, indicating a clear upward trend. Investors might consider opening BUY positions on shorter timeframes, once the price confirms a breakout from the current range, provided that the support level around 2654 USD holds firm.
OANDA:XAUUSDLong
by ConanTradingFX
BTC reversal soon??Divergences between price and RSI can often show that a trend is coming to an end and a new one is beginning. In this case we can see that RSI on the 4H timeframe hit the oversold zone, and has been steadily climbing out of it ever since. However, we can see that price has continued making lower lows and lower highs... The price and the oscillator are out of phase and in this case as RSI grows larger but price continues to drop it's a bullish divergence signal and this suggests a trend shift from bearish to bullish. Divergences are not perfect, no indicator is but this can be paired up with other signals for confluence, RSI being at the oversold zone is a good indicator that the bulk of the move is done, especially now that RSI has climbed out of it. The green box is showing a bullish orderblock, all 3 wicks have bounced off this zone and therefor suggests support also. My feeling is that geopolitical worries have shaken the traditional markets and that uncertainty has spilt over into crypto, fundamental influences will effect the charts no matter how good the technical analysis may be. If we weather this storm and the situation doesn't escalate the TA suggests the worst has been and gone.
by ProR35
XAUUSD todayHello everyone, Gold prices today continue to slide, dropping to $2,642, down 0.6% on the day. This decline is largely driven by the U.S. Dollar (USD) extending its strong recovery, after hitting its lowest point since July 2023, now reaching its highest level in three weeks. This comes amid fading expectations of the Federal Reserve (Fed) implementing further aggressive monetary easing. Moreover, gold closing below the $2,650 mark signals that the precious metal is entering a short-term bearish zone, with the next target expected to hit $2,630. What are your thoughts on the current gold price situation?
OANDA:XAUUSDShort
by ConanTradingFX
GBPUSD: Bearish Trend Dominates!Hello everyone, GBP/USD turned bearish on Tuesday, falling nearly 1% in European trading on Wednesday. The pair faced fresh supply after BoE Governor Andrew Bailey said the central bank could become “more proactive” in cutting interest rates if inflation eases. Risk-off sentiment due to Middle East concerns also weighed on the pair, while technical indicators still do not signal a solid recovery. With that in mind, this could be a prime Shorting opportunity, targeting the nearest support levels of 1.313 and 1.300.
Short
by ConanTradingFX
1
Mild Volatility in Bollinger BandsLooking at the recent gold chart, we see that the gold price is trading within a clear channel bounded by the Bollinger bands. The price is currently hovering around the midpoint, with the current price at $2,656.05/ounce. This suggests some uncertainty in the market, with the gold price not seeing much significant movement in the short term. This stability may reflect investor caution in the face of broader financial market volatility and macroeconomic factors. With key economic reports and policy makers awaiting, investors may be taking a wait-and-see approach before making any major buying or selling decisions. To mitigate risk, I recommend keeping a close eye on the support level around $2,645/ounce and the resistance level around $2,685/ounce. These price breakouts will be important signals for further moves in the gold market.
OANDA:XAUUSD
by Naoomi
XAUUSD today !Looking at the XAUUSD 2-hour chart you provided, we can see that the price is currently trading around $2,658 after a slight retracement from the resistance zone around $2,685. The chart shows that gold is still facing pressure from the resistance zone marked by the orange rectangle at the top, which has been tested several times but has not yet been decisively broken. Technical Analysis: Resistance Zone: The resistance zone near $2,685 seems to be acting as a strong barrier, with prices reacting negatively whenever they come close to it. If this resistance holds, we could expect a further pullback. Support Zone: The blue support area around $2,620 is clearly a critical zone. Any price movements down to this area may offer strong buying interest. A bounce from this level could signal a continuation of the upward trend. EMA Levels: The price is still above both the 34 EMA ($2,653) and 89 EMA ($2,641), indicating that the overall trend remains bullish, although short-term corrections are expected. RSI Divergence: On the RSI, we see multiple bearish divergence signals, which suggest that the upward momentum is weakening. This might indicate a potential retracement in the short term before a stronger move upwards. News Influence: The hot geopolitical tensions and economic data are fueling uncertainty, which often benefits gold as a safe-haven asset. Recent developments, such as uncertainty around global inflationary pressures and the Federal Reserve’s cautious approach to interest rate hikes, continue to support gold prices. Investors are still considering gold as a hedge against these factors, further strengthening the bullish outlook. In summary, we are in a phase where a potential retracement toward $2,620 may happen before we see another push toward breaking the $2,685 resistance level. If this break occurs, we could see gold targeting $2,700 and even higher toward the $2,750 psychological level. What do you think? Will the support hold, or do you see further downside potential before the next move up? Let's discuss!
OANDA:XAUUSDLong
by ConanTradingFX
Spotting Opportunities in Market VolatilityThe current gold chart shows a strong uptrend, with signs of a slight correction as it approaches the upper boundary of the price channel. The latest macroeconomic and monetary policy data has put pressure on gold, but also opens up buying opportunities at reasonable prices. The market's reaction to announcements from the Federal Reserve and important economic reports can impact gold prices. The current uncertainty can be an opportunity to increase positions in gold. Gold is in a clear uptrend channel, but has recently touched the upper part of the channel, suggesting a slight downside. The next important support level is around $2,660, where buying can be considered. Short-term profit targets can be identified near the next resistance level.
OANDA:XAUUSD
by Naoomi