Forexsignal
Gold swing bull and bear read the caption price reached a fresh all-time high on Thursday, trading as high as $2,969.63 a troy ounce during American trading hours. Gold buyers gained confidence early in Asia as the poor performance of local shares fueled demand for safety. Demand for the bright metal was also backed by concerns about the United States (US) future government. Three weeks ahead of the election, polls show a tight vote intention between the two candidates, generating uncertainty
Gold swing bull and bear read the caption price reached a fresh all-time high on Thursday, trading as high as $2,969.63 a troy ounce during American trading hours. Gold buyers gained confidence early in Asia as the poor performance of local shares fueled demand for safety. Demand for the bright metal was also backed by concerns about the United States (US) future government. Three weeks ahead of the election, polls show a tight vote intention between the two candidates, generating uncertainty
Gold (XAU) Technical AnalysisGold Daily Chart – Breakout from Descending Broadening Wedge
The gold marketplace has damaged out of the descending broadening wedge sample at the each day chart. The charge keeps bullish momentum inside the ascending broadening wedge sample, with a goal variety of $2800-$3000.
Gold 4-Hour Chart – Price Target of $2,745
On the 4-hour chart, the charge is breaking above the midline of the ascending channel. This charge power suggests the short-time period goal of $2,745, measured from the ascending channel resistance line. The RSI tactics the overbought region. Therefore, expenses would possibly consolidate earlier than the following rally.
💎 TVC:GOLD sell 2710 - 2712💎
✔️TP1: 2690
✔️TP2: 2680
✔️TP3: OPEN
🚫SL: 2720
💎 TVC:GOLD buy 2690 - 2692💎
✔️TP1: 2710
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2683
US30 sell opportunityAt US30 Empire, we believe the US30 (Dow Jones) is primed for a drop based on several key technical indicators. Here’s why:
1. Stochastic Oscillator in Overbought Territory: The stochastic oscillator, a momentum indicator, is signaling that US30 is in an overbought zone. This suggests that the index may have risen too far, too fast, and is due for a correction. Historically, when the stochastic hits these levels, we see a pullback in price.
2. Trend Lines Indicate Resistance: Our trend lines, drawn from key highs and lows, show that the US30 is approaching a major resistance level. This resistance aligns with the index being at its highest price ever. Typically, markets struggle to break through strong resistance without a significant retracement first.
3. Pivot Points Signaling Reversal: Based on pivot point analysis, the US30 is sitting at a major pivot level. This level often acts as a turning point in price movement, and combined with other indicators, it suggests the potential for a reversal.
4. Support and Resistance Levels: The US30 is currently testing long-standing resistance levels. As price fails to break through, this creates a barrier that historically leads to a downside correction. These resistance levels, matched with the overbought stochastic, signal that sellers may soon take control.
Overall, the combination of overbought stochastic levels, trend line resistance, pivot points, and price reaching historical highs makes a compelling case for the US30 to drop from here.
EUR/USD Breakdown – Quick Bounce or Headed for a Wipeout?Alright, trading family, the EUR/USD pair is riding some choppy waters. A short bounce to 1.0809 might be in the cards, but don’t get too comfy—it could just be a quick breather before we dive back toward 1.0700 or even deeper to 1.0645 or 1.0580.
Key Levels:
Breakdown Zone: 1.0700 – Looks like the next wave if sellers keep control.
Bounce Play: 1.0809 – Bulls might show up, but it could be a short ride.
Lower Support: 1.0645 / 1.0580 – If the tide turns, this is where we might land.
This is one of those "stay ready" moments—either we catch a quick rally or the tide pulls us lower. Keep an eye on those short time frames to catch the next set.
What’s your vibe—are we bouncing or heading straight into the deep? Drop your thoughts, follow, and share if this chart got you set for the next move.
Mindbloome Trader
EURUSD H4The European Euro is trading in a sharp downtrend after liquidity was withdrawn from the top. Accordingly, after a sustained decline and the European interest rate decision, we are looking forward to a corrective buy from the 1.08300 levels with a stop of 1.07500, with targets of 1.09600, 1.09900, and then 1.10200. We wish you success in your trading.
NAS100 (H1)The Nasdaq index is trading in a sideways range between 20400 and 20100 levels. After the sell-off from 20043 levels, we are looking to buy from 20158 levels, targeting the top of the sideways range at 20482 levels. PEPPERSTONE:NAS100
USDCHFMy analysis is that the market is bullish, just wait for a strong failure, then enter the trade
Usdjpy bearish big dip expected read the caption USD/JPY has been struggling to break past the resistance level at 149.55 despite repeated attempts over the past five trading sessions. The Japanese yen remains under pressure as the Federal Reserve signals a more moderate approach to interest rate cuts in its upcoming meetings, contrasting with the broader expectations of more aggressive rate reduction
This XAUUSD rally still seems to have a lot of momentum.According to the World Gold Council (WGC), the weakening USD was the main factor driving the XAUUSD higher, as the Fed's big rate cut caused the USD to decline significantly.
Rising geopolitical risks with the worsening situation in the Middle East also boosted safe-haven buying.
The biggest drag on XAUUSD last month was the "momentum factor". A higher XAUUSD in the previous month tends to put downward pressure on the price in the following month and vice versa. Other gold pairs also recorded strong gains.
Gbpusd confirm trendline read the caption The US Dollar (USD) gains support from increasing expectations that the US Federal Reserve (Fed) will avoid aggressive interest rate cuts, following a strong jobs report and concerns of sticky US inflation. According to the CME FedWatch Tool, markets are currently pricing in an 88.2% probability of a 25-basis-point rate cut in November, with no anticipation of a larger 50-basis-point reduction
Gold prices are testing resistance levels.Ames Stanley - senior marketplace strategist at the Forex market stated that traders took income after US financial reviews together with CPI and USD elevated sharply. The promoting circulate of traders won't be over yet. Gold costs are trying out resistance levels.
Economic occasions this week that effect gold costs encompass US retail income statistics and the European Central Bank`s economic coverage choice on Thursday.
The marketplace is likewise inquisitive about the Empire State production survey, weekly unemployment claims, housing begins offevolved and US constructing permits.
Besides, buyers and traders are listening to the Chinese marketplace. The u . s . a . plans to announce an financial stimulus package deal from authorities bonds, really well worth 283 billion USD.
🔥 XAUUSD buy 2632 - 2630 🔥
✔️TP1: 2642
✔️TP2: 2655
✔️TP3: OPEN
🚫SL: 2622
🔥 XAUUSD sel 2652 - 2654 🔥
✔️TP1: 2642
✔️TP2: 2632
✔️TP3: OPEN
🚫SL: 2662
Gold today analysis confirm buy target read the caption This disappointment was followed by China’s consumer and factory-gate price inflation data on Sunday, which showed the extension of the disinflation trend in the world’s biggest consumer, sapping investors’ confidence.
Additionally, intensifying geopolitical tensions between Israel and Iran and also between China and Taiwan remain a cause for concern for investors, and hence, they scurry for safety in the USD at the expense of the Gold pri
BANKNIFTY ProjectionBased on the demand of a follower here, we decided to look into BANKNIFTY for the first time ever...
We anticipate BANKNIFTY heading to either of the two zones up there marked with a blank line, the we expect a great fall on BANKNIFTY...
Should this align with your analysis, endeavour not to miss out on it!
XAUUSD_2Hhello👋
📊Analysis of Gold
The market can enter a new upward wave due to the completion of the correction and the breaking of the descending channel line.
The important number of this week is 2640 dollars, and by maintaining this number, the market can move towards the targets of 2700 and 2730 dollars.
Usdcad bear and bull analysis read the caption The USDCAD has been trending to the upside since bottoming on October 2 near 1.3472. The momentum over the last eight trading days has taken the price up to a high of 1.37826. That took the price to the low of the next swing area target between 1.3784 and 1.38036 (going back to April 2024 – see the red numbered circles on the chart below)
Nzdusd confirm buy here is a opportunity read the caption The NZDUSD traded above and below the 100-day MA this week but above the 200-day MA (green line) into the mid-week RBNZ rate decision. The central bank cut rates by 50 basis points and that sent the pair below the 61.8% but buyers came in against the 61.8% retracement. The subsequent bounce off the low on Wednesday saw the price move back to the 200-day MA where sellers leaned, putting a lid on the pair.
#ADAUSD 1DAYADAUSD (Cardano vs US Dollar)
Timeframe: 1 Day (Daily Chart)
Pattern: Uptrend Channel
Description:
The ADAUSD pair is currently exhibiting a well-established **uptrend channel** on the daily chart. This pattern is defined by a series of higher highs and higher lows, with the price consistently moving within two parallel ascending trendlines. The lower trendline serves as dynamic support, while the upper trendline acts as resistance. The price action within this channel indicates that buyers are in control, with bullish momentum driving prices higher over time.
Forecast:
The recommendation is to take a **buy** position, as the price is expected to continue moving upward within the channel. The trend shows strong bullish signals, and unless there is a break below the lower support line, the uptrend should persist. If the price approaches the upper resistance line, it may face some temporary consolidation or correction before continuing higher.
Entry Point: A buy entry is suggested near the lower support of the channel for optimal risk-reward.
Stop-Loss: Place a stop-loss slightly below the lower support line of the channel to mitigate risks in case of a downward breakout.
Take-Profit: The take-profit target should be set near the upper resistance line of the channel, or you may trail your stop-loss to lock in profits as the price advances. A breakout above the resistance line could signal further upside potential.
#XAGUSD 4HXAG/USD (Silver vs. US Dollar) pair on the 4-hour chart is showing a support pattern, indicating that the price is holding firm at a particular level, suggesting a potential bullish reversal.
Pattern Description:
The market seems to have established a solid support level, where downward momentum is being halted. After a period of selling pressure, the price has tested and bounced off this support zone multiple times, signaling that buyers are stepping in to defend this level. This consistent defense suggests that a reversal might be imminent, as the market sentiment shifts from bearish to bullish.
Forecast:
Given the strength of the support level, the current outlook is bullish, with a potential move to the upside. The price is likely to break higher as buying momentum gathers strength. This makes it a favorable opportunity to buy, targeting the next resistance levels. However, it's important to keep an eye on any additional price action and volume confirmation before entering the trade.
Key Indicators:
- Strong support
- Price consolidating near support, indicating indecision before a potential breakout.
- RSI and other momentum indicators suggest oversold conditions, supporting the bullish forecast.
Recommendation:
Consider entering a buy position near the support level, with a stop-loss placed just below the support zone to manage risk effectively. Potential price targets could be set at key resistance areas above.
XAU/USD : CPI is Coming, More Bullish Move ? (READ THE CAPTION)By analyzing the Gold chart on the 1-hour timeframe, we can see that after entering the desired demand zone, the price started to rise and is currently trading around $2,617. Considering that the US CPI data will be released today and I expect the actual value to be equal to or lower than the forecasted rate, I anticipate an upward movement in price to fill the liquidity void mentioned in the previous analysis. Based on the previous analysis, the key supply zones remain as follows: $2,625, $2,636.6, $2,646, and $2,655 to $2,660. I hope you make the most out of this analysis!
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
#NZD/USD 1DAYNZD/USD 1D – Support Turned Resistance
On the daily chart of the NZD/USD pair, a significant **support-turned-resistance** pattern has been identified. This is a bearish continuation signal, suggesting that the price is likely to move lower after retesting a previous support level, which is now acting as resistance.
#Pattern Overview:
-Support Becomes Resistance (SBR): After a breakdown below a key support level, the price has retraced to retest this level. What was once support has now turned into a resistance zone, confirming the bearish outlook.
#Forecast:
-Sell Signal: The forecast indicates a sell opportunity as the price is expected to reject the newly formed resistance level and resume its downward trend. This type of setup often leads to further declines in the price.
### Trading Strategy:
-Entry Point: Enter a sell position when the price fails to break above the resistance level (previous support) and shows signs of rejection (e.g., bearish candlesticks or other technical confirmations).
Targets: The initial target for the downside move would be the next significant support level below the current price. Look for price action lows or Fibonacci extensions for potential target areas.
Stop Loss: Place a stop-loss above the resistance level to protect against any potential bullish breakout that might invalidate the bearish setup.
This pattern indicates a continuation of the bearish trend in NZD/USD, with selling opportunities emerging as the previous support level now acts as a resistance barrier.
#AUD/USD 1HAUD/USD 1H – Falling Wedge Pattern
The AUD/USD pair on the 1-hour chart is showing a falling wedge pattern, which is a classic bullish reversal setup. This pattern indicates that the price, currently in a downtrend, may soon reverse and move higher.
#Pattern Overview:
-Falling Wedge: The pattern is defined by two downward-sloping, converging trendlines. The price moves within this narrowing range as selling pressure weakens over time, which often leads to a bullish breakout.
#Forecast:
-Buy Signal: The anticipated move is a breakout above the upper resistance trendline of the wedge. This breakout is considered a strong buy signal, suggesting the price will move upward as the bearish momentum fades.
#Trading Strategy:
- *Entry Point: Enter a buy position when the price decisively breaks out of the wedge and closes above the resistance line.
- Targets: Initial targets for the move upward could be based on nearby resistance levels or prior price action highs.
-Stop Loss: To manage risk, place a stop-loss below the most recent swing low inside the wedge, ensuring protection in case of a false breakout.
This setup points to a buying opportunity upon breakout, as the AUD/USD pair is likely to climb after confirming the bullish reversal.
