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Gold Near 2,570 USD Peak, Potential for Strong Future GrowthGold is currently trading near an all-time high of 2,570 USD after a strong rally, driven by increased expectations of significant rate cuts from the Fed. The EMA 34 and 89 lines indicate that the uptrend is still intact, but a short-term correction is possible. Key support lies between 2,501 USD and 2,521 USD, where investors may look for buying opportunities. According to my technical analysis, gold prices could continue to rise towards the next target of 2,618 USD.
OANDA:XAUUSDLong
by Zola_Hello
Bullish Opportunity Upon Breaking Fibonacci ResistanceThe current EUR/USD chart shows important reaction levels using Fibonacci levels, which paints a notable technical picture for traders interested in the pair. The 0.618 Fibonacci level ($1.10758) is the key resistance level that the price needs to overcome to confirm the uptrend. This level has seen some market reactions, and if overcome, the price could potentially move towards $1.11540 and $1.11929. The 0.5 Fibonacci level ($1.10620) is now an important support level. Stability above this level could be seen as a basis for further upside. This level could also be seen as an entry point for traders who are optimistic about the pair's upside potential. Looking to the downside, the support at $1.10034 is the latest low and the level to watch if the downtrend resumes. A break below this level could indicate that the bears are in control and pose a serious challenge for the bulls to hold the price higher. Recommended Strategy: Traders should consider buying if the price firmly breaks above $1.10758 with short-term targets at $1.11540 and $1.11929, while placing a stop-loss below the $1.10034 support to limit risk if the market does not move as expected.
by Naoomi
TON Toncoin Potential Sell-OffIf you haven`t bought TON before the breakout: Now you need to know that on August 24, 2024, the arrest of Telegram founder Pavel Durov by French authorities sent shockwaves through both the platform and its cryptocurrency, Toncoin (TON). Durov's arrest, reportedly tied to illegal activities on Telegram, has been widely seen as an attack on free speech, which has paradoxically boosted interest in both Telegram and Toncoin. This spotlight on Durov and his platforms presents both challenges and opportunities. While the surge in activity signals increased attention, the future is uncertain. The ongoing investigation and heightened regulatory scrutiny are likely to impact TON's market performance. Investors and users are closely watching for further legal actions, as they could have significant consequences for Telegram and Toncoin. With the regulatory landscape in flux, TON remains a risky investment until the legal situation stabilizes. My price target for TON is $2.15.
Short
by TopgOptions
XAUUSD Awaits Break of $2,530 Resistance Under CPI PressureXAUUSD is in a mild uptrend, trading around $2,517 with a key resistance level at $2,530. If the price breaks above this level, the uptrend could continue. However, failure to breach it may lead to a correction toward the $2,501 support level. The EMA 34 and EMA 89 are still supporting the current uptrend, but if the price falls below them, a downtrend might resume. U.S. economic news, especially the CPI report, will heavily impact gold prices, as a higher-than-expected inflation rate could strengthen the USD, putting downward pressure on XAUUSD.
OANDA:XAUUSDShort
by Zola_Hello
NAS100 Is Very Bullish! Long! Here is our detailed technical review for NAS100. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 19,277.73. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 19,804.81 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
BLACKBULL:NAS100Long
by SignalProvider
1
CPI Momentum and Fed Rate Cut ExpectationsThe gold chart is currently trading in a narrow range, indicating a sideways trend, reflecting the market’s anticipation of news that could have a major impact on prices. This sideways movement occurs between two key levels: resistance near $2,525 and support at $2,472. This stability has been partly maintained by the latest US inflation data, which showed that core CPI remained stable, suggesting that the Fed may not change monetary policy in the near term. However, any major changes from the Fed’s decision could trigger a strong rally in gold, especially if interest rates are cut deeper than expected, which would weaken the USD and increase the appeal of gold as a safe-haven asset.
OANDA:XAUUSD
by Naoomi
NAS100USD Is Bullish! Buy! Take a look at our analysis for NAS100USD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 18,343.2. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 19,114.6 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:NAS100USDLong
by SignalProvider
1
XAUUSD H1 Analysis - BullishPair Name = Gold Timeframe =H1 Analysis = technical + fundamentals Trend = Bullish Support Levels = 2514, 2508, 2500 Resistance Level =2523, 2529, 2445 Explanation : - Gold Moving As predicted Yesterday. Still getting Good Volume and On the way To Our main Target 2550. But always Secret of the market is buy the dips and sell tops. So if you are sure market is bullish or bearish, the main and important thing in the life the trader is perfect entry with proper Risk Management. One more thing I wanna discuss before the details explanation about the GOLD today Move. Maximum traders fails because they don't use Risk Management formula in trading. Here I wanna Explain the Gold Next Move. Gold Dips has hit The Price levels 2514, 2508, 2500 .All These were the key points for the bearish move as predicted yesterday. In bullish Move Key Levels are 2523, 2529, 2445 In bullish Move Gold Will Target These Points.
OANDA:XAUUSDLong
by Alpha-GoldFX
GBPUSD Will Move Higher! Long! Here is our detailed technical review for GBPUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.306. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.316 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURAUD Is Bullish! Buy! Take a look at our analysis for EURAUD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.655. The above observations make me that the market will inevitably achieve 1.662 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Gold may rise due to a lower CPI, targeting 2,540.Tonight, the CPI indicator will be released, and it is expected to be lower than the previous period, which could push gold prices higher. Traders should stay attentive to the news. Currently, the XAUUSD chart shows the price moving within an upward channel, with parallel trend lines framing the current price action. The short-term EMA 34 is supporting the bullish trend, as the current price is above both EMAs, confirming the short-term upward trend. The current support level around 2,499 (EMA 89) has shown strong support for XAUUSD, with the price rebounding several times from this level. The nearest key resistance is at 2,540, and if the price breaks this level, it could lead to a more pronounced bullish trend.
OANDA:XAUUSDLong
by Zola_Hello