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XAU/USD : More Fall Ahead ? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that last week, before filling the gap between $2715.5 and $2716.5, the price started rising from the $2717 area and managed to reach $2747.7. After closing at this level on Friday, we saw that over the weekend, with global markets closed, Israel launched its attack on Iran. However, since this attack was lighter than expected, the markets opened today with a large negative gap in gold. The price opened around $2734, with over a 130-pip gap, but within a few hours, this gap was filled as the price rose to $2744. As you can see on the chart, there are currently two remaining price gaps. One is between $2715.5 and $2716.5, and the other is between $2744.5 and $2747.2. Which gap do you think will be filled first? 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
OANDA:XAUUSDShort
by ArmanShabanTrading
23
USDMXN targeting 23.00 at least.The USDMXN pair has made a monumental long-term bullish break-out as not only did it recover its 1M MA50 (blue trend-line) in August but has also managed to close the last two 1M candles above it. As you can see on this multi-decade chart, every time the pair broke above the 1M MA50, it rallied by at least +19.10%. At the same time, it is coming off the lowest ever 1M MACD Bullish Cross, while the price rebounded exactly on the 1M MA200 (orange trend-line). As a result, our new long-term Target is 23.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
The $100,000 Bitcoin Chase: Can You Catch It?Hello traders, It's been a while since BTC reach all time high $73000 spot. As you traders notice that price started making all those LH, HH and even LL making the market in a state of uncertainty. In fact, the BTC market is accumulating a very strong momentum making ready to skyrocket at time especialy at this time when Gold is making superbe HH. I am seeing Bitcoing nothing but going forward the golden spot $100000! Keep a close eye on the market and never miss the great opportunity when it comes. Good luck!
Long
by YMtradingsystem
Gold Analysis for upcoming move!Technical Perspective: Currently, XAU/USD is showing bullish momentum, with recent price action indicating a potential rally towards the 2760 resistance level. On the 1-hour timeframe, we have observed a clear Break of Structure (BOS) signaling strong buying interest. Key support is identified around 2730, which can serve as a solid entry point for long positions. Utilizing Fibonacci retracement levels, we see confluence around these areas, providing additional confirmation for a potential upward move. Traders should monitor momentum indicators like the RSI for overbought conditions as they approach the target. Institutional Perspective: From an institutional standpoint, recent positioning data suggests that large players are accumulating long positions in gold, anticipating a continuation of inflationary pressures and geopolitical uncertainty. Central bank policies and market sentiment around safe-haven assets are driving institutional interest in XAU/USD. The influx of buying from hedge funds and other large entities could propel prices higher toward the 2760 level. It’s essential to consider market dynamics and liquidity events, as institutional traders may lead the price movements, creating opportunities for retail traders to align with the prevailing trend.
OANDA:XAUUSDLong
by goldsnipertrades
Bearish drop?USD/JPY is reacting off the pivot and could drop to the 61.8% Fibonacci support. Pivot: 153.14 1st Support: 150.90 1st Resistance: 1554.97 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.
Short
by ICmarkets
Falling towards overlap support?The Swissie (USD/CHF) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 0.8635 1st Support: 0.8606 1st Resistance: 0.8696 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. 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.
Long
by ICmarkets
Bearish drop?The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback resistance and could srop to the 1st support which acts as a pullback support. Pivot: 1.2989 1st Support: 1.2915 1st Resistance: 1.3033 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.
Short
by ICmarkets
Gold Price Analysis October 29Fundamental Analysis Gold prices gained some positive momentum and rose to the $2,757-$2,758 region during the Asian session on Tuesday, returning close to the record highs hit last week. Persistent safe-haven demand stemming from tensions in the Middle East and concerns over the US election turned out to be the main factors acting as a boost for the precious metal. Moreover, falling US Treasury yields kept US Dollar (USD) bulls on the defensive below the highest since July 30 touched on Monday, also supporting the commodity. That said, bets for a less aggressive Federal Reserve (Fed) easing policy, coupled with concerns over deficit spending after the US election, should limit the downside in US bond yields and the USD. In addition, the underlying bullish tone in the global equity markets is keeping a lid on Gold prices. Investors also seem reluctant ahead of the key US macro releases this week - including the Q3 Advance GDP print, Personal Consumption Expenditures (PCE) Price Index and Non-Farm Payrolls (NFP) report. Technical Analysis Gold has almost reached the ATH zone today. A break of 2757 will see a price of 2770 soon. With the possibility that when the European session starts, if the price fails to break the upper band, it can push further to lower zones. 2742 is the first buy zone in the sclalping zone but it will not have as much value as the session port zone around 2725. Pay attention to the price zones to have favorable trading strategies.
OANDA:XAUUSD
by TVS-Trader
1
Potential Upside for EURNZDTechnical overview: The EURNZD currency pair has recently formed a head and shoulders pattern, and the price is currently at the neckline of this pattern as well as a significant resistance zone (1.8065-1.8160). If the price successfully breaks through this area, it could reach the specified price targets. However, if the price reverses downward from this zone, the first valid support level will be 1.78360. Fundamental overview: Considering recent geopolitical tensions that have driven the market toward risk-off sentiment, along with recent statements from the RBNZ, the NZD has weakened over the past month. If tensions continue to escalate in the coming days and weeks, we can expect this currency pair to increase further. This analysis will certainly be updated after the price reacts to the resistance zone and neckline. Don’t miss the upcoming trading opportunities in this currency pair. What are your thoughts on EURNZD ? are you bullish or bearish?
Long
by Market-Analyzer
5
EURUSD confirmed the bottom. Low risk buy now.The EURUSD pair has turned sideways since it hit last week the bottom of the 1-year Channel Up and even though it hasn't broken above the 1D MA200 (orange trend-line) yet, the 1D RSI has given us the strongest buy signal possible. That is breaking above its MA (yellow trend-line) after rebounding on oversold soil (below 30.00) last Wednesday. This is exactly what happened on the April 16 2024 Low. Even if that is a mid-correction rebound like the February 14 one, as both decline sequences have been of -4.00%, it suggests that we can target at least the 0.618 Fibonacci retracement level until the price resumes the bearish trend. As a result, we consider this a low risk buy, targeting 1.10000 (below the 0.618 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EURUSD Hits Demand Zone, Potential for an Up CorrectionEURUSD has reached a demand zone that previously spurred a rally in August. The recent fake breakout at the 1.07800 level suggests that the market may be primed for a pullback, especially as DXY is also testing a key resistance. On the 4H timeframe, a bullish divergence has formed, indicating a potential correction to the upside. If this demand zone holds and the divergence plays out, the market could retrace toward the next resistance zone around 1.09190 as it corrects from the recent overextension
Long
by RTED_Investing