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gold 5 waves complete now abc correction in progress🔸Hello guys, today let's review 6hour price chart for gold. The 5 wave bullish impulse is complete now we are entering ABC correction. 🔸Wave1 was 2335/2472, Wave2 2472/2372, Wave3 2371/2653, Wave4 2653/2605, Wave5 2605/2770, now ABC correction, currently A in progress 2770/2525. 🔸Recommended strategy for gold traders: higher risk bounce play once A completes and transitions into B bounce, BUY/HOLD 2525 exit at 2678. Lower risk sell side setup: B completes near 2678 short sell into bounce exit at 2383 once C completes into liquidity order block zone. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
OANDA:XAUUSDShort
by ProjectSyndicate
14
EURUSD strategic outlook: BEARS will target 1.0500🔸Hello guys, today let's review H8 price chart for eurusd. Previously recommended buying low near 1.0650, TP hit +400 pips, congrats if you followed. you can review original setup via link below. 🔸Range lows defined at 0650 , range highs set at 1050/1100. This is the active trading range for EURUSD since early 2023 it's well-defined and it's very unlikely that price will exit this range any time soon (not until 2026). 🔸Currently we got a strong rejection near range highs at 1100 and this resistance is too strong for the bulls to break atm, price was already rejected multiple times from this level. there are no bullish catalysts in euro zone to break 1.10/1.11 S/R. 🔸Recommended strategy position traders: bears focus on short selling rips/rallies, targeting range lows at 0500/0550. Bears will take over from here, so there is no valid setup for bulls on buy side. Keep in mind that this is a swing trade setup and provided low volatiliy in EURUSD it may take a while to hit the targets (multiple weeks). 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
30
Three days after elections and one after FED cutStarting with #VIX the value decreased a lot after elections showing the decrease in investors fear With less fear we can follow the #SPX #DX1! #BTC1! which strongly rise their value. Commodites in general seems to had loss some points with Dollar strength, in this chart we can watch #GC1! and #BZ1! as benchmark In the case of Brent we can see a double top even with line chart. #US10Y decreased after 25bp cut nevertheless with Trump election US will probably activate more worldwide tariffs and this can lead to an increase in prices, and so the next couple months CPI will be a important measure to look at US economy in the future. So even it's decreasing and bonds are inversly to prices, I should keep an eye on it
TVC:US10Y
by AFCapital21
Will USDCHF reverse its course due to the new SNB's prospect?Macro theme: - Swiss inflation unexpectedly slowed to 0.6% in Oct—the lowest in over three years—raising expectations that the SNB may opt for a more significant 0.5% rate cut in Dec to keep inflation within its 0-2% target range. - Meanwhile, the Federal Reserve cut interest rates by 0.25% but issued a slightly more hawkish statement. Technical theme: - USDCHF broke the descending channel after testing both EMAs, which just golden crossed each other, indicating a bullish momentum exists. - USDCHF may retest the broken descending trendline, confluence with the support level around 0.8693-0.8700 before resuming its upward movement to retest 0.8825. - On the contrary, a closing below 08626 may prompt a deeper correction to a nearby support around 0.8550. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Long
by DatTong
Bearish drop?US Dollar Index (DXY) has reacted off the pivot which aligns with the 161.8% Fibonacci extension and could drop to the 1st support which acts as a pullback support. Pivot: 105.42 1st Support: 104.65 1st Resistance: 106.13 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYShort
by ICmarkets
-United States PCE (October/2024)$USCPCEPEPIMM 0.3% (October/2024) source: U.S. Bureau of Economic Analysis -The US core PCE price index, the Federal Reserve’s preferred gauge to measure underlying inflation, rose by 0.3% from the previous month in September of 2024, the highest gain in five months, following an upwardly revised 0.2% increase in August, matching market forecasts. Service prices rose by 0.3%, while goods prices decreased 0.1%. Year-on-Year, core PCE prices rose 2.7%, the same as in August, but above forecasts of 2.6%. source: U.S. Bureau of Economic Analysis
ECONOMICS:USCPCEPIMM
by Mr_J__fx
Potential bullish bounce?US Dollar Index (DXY) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 103.82 1st Support: 103.44 1st Resistance: 104.57 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYLong
by ICmarkets
1