DXY is facing resistance zoneAs you know, I’ve been bullish on the DXY and have anticipated a reversal since the now-confirmed bottom just above 100.
With the price now above 106, however, I believe USD bulls should start exercising caution. There’s a very strong resistance zone ahead, ranging from 106.20 to 106.50, with another important level just above 107.
In my view, a correction is likely soon, and I’ll be watching for buying opportunities in EUR/USD and GBP/USD.
Forexsignals
Heading into 61.8% Fibonacci resistance?AUD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 101.56
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 102.37
Why we like it:
There is a pullback resistance level.
Take profit: 100.34
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop?NZD/CAD is rising towards the resistance level which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.82961
Why we like it:
There is a pullback resistance that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 0.83326
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.82394
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CADCHF Signal : 1H / 4H :SHORT !!!!CADCHF 1H
Market price : 0.6326
Sell limit : 0.6330 - 0.6350
Tp1 : 0.6300
Tp2 : 0.6260
Tp3: 0.6200
Tp4 : 0.6120
Sl : 0.6380 ( 40 pip )
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Remember this is a position that was found by me and it is a personal idea not a financial advice, you are responsible for your loss and gain.
Gold's long-term trend is still forecast to increase in price.Geopolitical tensions are expected to cool down under Donald Trump. And the US economy will attract international capital flows. Cash flow poured heavily into many high-risk assets such as the stock market, cryptocurrency market,... thereby putting more pressure on gold.
However, in the medium and long term trend, gold is still forecast to increase in price. Many organizations have not changed their forecasts that gold will reach 3,000 USD/ounce by 2025.
Many experts believe that public debt, leverage and extreme taxes of Mr. Donald Trump have the ability to bring gold prices back to before. After a period of time, many private investors will overcome the debt situation and the pressure to control the US budget. Gold will then increase again.
With the recent sharp decline, it is likely that bottom-fishing demand from the "big players" in the market will increase again. China has stopped buying gold for 6 consecutive months, but may return to buying when prices fall deeply. China, Russia and many other countries are still accelerating the process of reducing the proportion of reserve assets denominated in USD.
🔥 OANDA:XAUUSD BUY 2590 - 2592🔥
💵 TP1: 2600
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2583
🔥 OANDA:XAUUSD SELL 2628 - 2630🔥
💵 TP1: 2620
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2637
Wednesday Gold 100% Analysis Alert!Attention traders! XAUUSD is on fire, setting new highs with precision! Check this out:
XAUUSD Insight: Locked in a fierce contest between 2691 and 2600. Is a breakout near?
Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 2688, 2685.
Upside Watch: Look for buying signals if it rises above! Targets: 2605, 2611.
GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
This currency pair is currently moving within a descending channel and trading below its resistance zone. Given the current conditions, after some minor fluctuations and corrections, the price is expected to move towards lower levels.
Don’t forget to like and share your thoughts in the comments! ❤️
Tuesday Gold 100% Trade Alert!Attention traders! XAUUSD is on fire, setting new highs with precision! Check this out:
XAUUSD Insight: Locked in a fierce contest between 2698 and 2608. Is a breakout near?
Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 2592, 2586.
Upside Watch: Look for buying signals if it rises above! Targets: 2613
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
GBP/USD Analysis on the 15-Minute ChartIn this analysis of GBP/USD, we’ve identified a key resistance zone highlighted in pink. This zone has acted as a strong barrier to price advances in the past, where sellers previously entered the market and pushed the price downward.
Currently, the price is below this resistance level, and while it’s not approaching this zone at the moment, our strategy centers on what might happen if the price revisits this area. Based on historical price action, there is a high likelihood that sellers could step in again at this resistance, leading to a potential reversal and creating a shorting opportunity.
Trading Plan:
Observation Point: Monitor the price as it fluctuates within its current range. If it eventually rises back to the pink resistance zone, we’ll look for signs of rejection, such as a bearish candlestick pattern or reduced buying momentum, as confirmation to enter a short position.
Stop Loss: Place a stop loss slightly above the resistance zone to minimize risk if the price breaks through unexpectedly.
Profit Target: If the price reverses from this resistance as anticipated, the initial target will be the next support level, where buyer interest might increase.
By planning ahead, this approach prepares us to react efficiently if the price reaches the resistance, allowing us to capitalize on potential market behavior based on previous patterns.
Gold trading strategy november 12Fundamental Analysis
Gold prices fell to $2,600, or a fresh one-month low, heading into Tuesday’s European session on continued buying of the US dollar (USD). Investors remained hopeful that US President-elect Donald Trump’s expected expansionary policies could boost economic growth and boost inflation, limiting the scope for the Federal Reserve to ease policy. This sent US Treasury yields higher, further supporting the greenback and dragging the non-yielding yellow metal lower for a third straight day.
It was also the fourth negative move in the past five days for safe-haven gold, which appeared unaffected by concerns that Trump’s protectionist stance could spark a trade war. It will now be interesting to see whether the shorts retain control or choose to reduce their bets ahead of speeches from a host of influential FOMC members, including Fed Chair Jerome Powell, on Thursday. In addition, US consumer inflation figures on Wednesday will be looked at for clues on the Fed's rate cut path and provide fresh impetus to XAU/USD.
Technical Analysis
Gold prices broke the last support zone of 2606 and headed towards the 2582-2580 zone. Waiting for gold to close below the 2606 area on m30 and SELL signals to be established towards the 268x zone. Waiting for the early US session if the front port zone around 2592 is broken, then hold the sell signal to 258x. If it fails to break 2592, close SELL BUY at the beginning of the short scalp session back to zone 06 and continue SELL to trade within the range.
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.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Hellena | GOLD (4H): Short to support area 2603 (after wave 5).Dear colleagues, I believe that wave “5” is not completed yet, but it can end at any moment, so I consider 2 variants of events, but in both the target is the support area 2603.
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Short to support area at 67 (Again).Dear Colleagues, I believe that price is still in a five-wave downtrend. The mid-order wave “3” is in a small correction, but very soon the downward movement will continue.
I believe that the price has already closed the gap and may reach the resistance area of 74, then I expect the price to decline to the support area of 67.046.
There are 2 possible courses of action:
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold Analysis November 11Fundamental Analysis
Gold prices held firm around the $2,672-$2,670 range as they entered the European session on Monday, looking vulnerable to extending their recent pullback from an all-time high hit on October 31. The US dollar (USD) remained slightly below a four-month peak hit last Thursday amid optimism over Donald Trump’s expected expansionary policies, becoming the main factor weighing on the commodity for the second straight day.
In the meantime, investors appear to believe that Trump’s policies could boost economic growth and boost inflation, while limiting the Federal Reserve’s ability to ease aggressively. This has helped keep US Treasury yields high and contributed to outflows from non-yielding gold. However, a lighter risk appetite could limit losses for the safe-haven XAU/USD as traders await US consumer inflation data and Fed Chairman Jerome Powell's speech later this week.
Technical Analysis
The key breakout zone of 2663-2665 acts as immediate support in the European session on Monday. When this zone is broken, we will not buy half and wait for a retest to sell the breakout to the 2643 zone. When the price bounces strongly from the 2670 zone, the trend is that we will wait to buy when there are Dow breakout points. Our targets are around the 2706 and 2726 zones for SELL plans.
USD/CHF on the Move – 1-Hour Timeframe Key Levels to WatchThe USD/CHF currency pair has recently broken through a significant resistance level, now acting as support . If the price retraces to this new support zone, it could present a buying opportunity, as buyers may re-enter the market at this level. Monitoring this area for potential bullish signals is advisable.
XAUUSDXAUUSD is in a strong uptrend. The price is currently near the support zone 2611-2596. If the price fails to break through 2596, there is a chance that the price will rebound. Consider buying the red zone.
(Very Risky Trade)
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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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.
Gold Bearish Trend Analysis
Here’s an analysis for US30 Empire on why we believe Gold will continue to go down:
Gold Bearish Trend Analysis
We believe Gold is likely to continue its downward trajectory for several reasons, as outlined below:
Stronger US Dollar: Gold typically moves inversely to the strength of the US dollar. Recently, the US dollar has gained momentum due to positive economic data, including stronger-than-expected employment numbers and steady GDP growth. As the dollar strengthens, gold becomes more expensive in other currencies, leading to reduced demand and a price decline.
Rising Interest Rates: While inflation has shown signs of slowing, central banks, particularly the Federal Reserve, have kept interest rates relatively high. Rising rates reduce the appeal of non-yielding assets like gold, as investors seek better returns in interest-bearing assets such as bonds. This continued environment of high rates pressures gold prices downward.
Diminishing Safe-Haven Demand: During times of heightened market uncertainty, gold often acts as a safe-haven asset. However, as global economic conditions stabilize and investors show increasing confidence in risk assets like equities, the demand for gold as a hedge against risk declines. This shift in sentiment puts downward pressure on gold prices.
Technical Indicators: From a technical standpoint, gold has recently broken below key support levels, confirming a bearish trend. The RSI (Relative Strength Index) is also showing signs of being overbought, indicating that a pullback is due. Additionally, moving averages are indicating downward momentum, signaling a potential continuation of the downtrend.
Reduced Inflation Fears: While inflation was a major driver for gold in the past, the recent easing of inflationary pressures reduces the need for gold as an inflation hedge. As inflation expectations moderate, gold loses its primary appeal, contributing to downward price movement.
US30 Trendline Breakout AnalysisRecently, US30 (the Dow Jones Industrial Average) broke through a key resistance trendline, signaling a potential shift in market momentum. Here’s why we think this breakout is significant and why the index may continue to rise:
Positive Economic Indicators: Recent economic data has shown resilience, with strong corporate earnings reports and steady employment numbers, reducing fears of an imminent recession. These factors boost investor confidence, attracting buying pressure and supporting upward price movement.
Lower Interest Rate Concerns: With inflation showing signs of cooling, the Federal Reserve may ease on aggressive rate hikes, which typically weigh on equities. The market often rallies when the outlook on interest rates is more favorable, as it lowers borrowing costs and encourages investment in riskier assets like equities.
Technical Breakout Confirmation: The recent breach of the resistance trendline was supported by high trading volume, which often validates the strength of a breakout. Additionally, other technical indicators, such as moving averages and the Relative Strength Index (RSI), show bullish momentum, suggesting that the breakout is not a false signal.
Market Sentiment and Risk Appetite: Investors appear to be shifting toward a "risk-on" mode, with increased demand for growth-oriented and blue-chip stocks in the US market. This shift in sentiment often leads to further gains in major indices like the US30, especially as it represents stable, high-performing companies.
Seasonal Trends and Year-End Rally Potential: Historically, the end of the year often brings about a “Santa Claus rally” in equity markets, where stock prices trend upward due to favorable market sentiment and portfolio adjustments. This seasonal pattern may further support the US30’s upward trajectory as we approach the year-end.