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GOLD-SILVER

AUDUSD:RETEST TRENDLINE & BREAKOUT FALLING WEDGE, BULLISH BIAS?Hello Enthusiast Forex Traders! Here's short-term outlook for AUDUSD, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) AUDUSD already retested the bullish trendline. Afterwards, AUDUSD is breaking out of the falling wedge pattern. The price action indicates a potental bullish bias ahead to the target area. The MACD crossed above the zero area, it signify the potential bullish trend ahead. The roadmap will be invalid after exceeding the support/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the forex pairs.
Long
by financialfreedomgoals101
5
Gold Is Looking for a RallyWhen I was recently looking at the gold prices chart from the perspective of the coming months, I saw minor indications that prices may break through the strong resistance around $1800 per ounce. But all major movement start with minor steps. And within the coming week we may get a first clear sign about the rising of gold prices. If we look closer at the bullion daily price chart, we may find that starting from June prices came up to the resistance, but were never able to breakthrough. Now we have a fifth attempt that may be more successful. This resistance is at $1796-1797 per troy ounce. We may also notice that the gap between these attempts is becoming shorter as the last attempt was recorded on October 14. The line that connects lows of September 8 and September 29, and is located at $1744-1745 per ounce represents the support. It this resistance is broken through than gold has all the chances for steep growth at the height of the consolidation range that it is now in. And the very closet price gold may reach during this rally is at $1940-1945 or 8% up. The key indicator for this rally would be a trading volume that has to rise significantly compared to the regular trading volume within the current consolidation.  It is worthy to note that the higher the closing of this week is, the more chances we may have for a reversal pattern on the weekly timeframe chart. The intermediate resistance would be at $1833-1837 per ounce, or highs of July and September. We may have gold outperforming the U.S. stock market. But this would happen only if the inflate stock bubble collapses. For example, during the Great Depression in the 1930s and in times of high inflation during the 1970s, the ratio of gold prices to the Dow Jones index were at 1:1. Today the Dow Jones index is far above this level, at 35,600 points, or over 2000% of gold prices, and with high inflation pressure, it is logical to suggest that the model that we had in the 1970s when gold prices surged and stock market plunged may be repeated. But not only would the bullion benefit in this case, silver and other counter-inflation instrument would also rise in price. So we may have a clear conclusion that we do not only have technical but fundamental factors for precious metals prices to rise. And it is Important not to miss the signal for the start of this rally.
FXOPEN:XAUUSDLong
by scavoanastasiia
CADJPY: BREAKOUT CHANNELING, CONFIRMATION OF LONG OPPORTUNITY?Hello Enthusiast Forex Traders! Here's short-term outlook for CADJPY, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) CADJPY is breaking out of the descending broadening wedge pattern. Breakout of descending broadening wedge pattern indicates the possibility of bullish movement. The momentum indicator crossed above the zero area, it signify the potential bullish bias ahead. The roadmap will be invalid after exceeding the support/target area. If CADJPY exceeds the support area, there is a probability of corrective movement ahead. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the forex pairs.
Long
by financialfreedomgoals101
2
The Dollar's last hoorahThis chart shows DXY over an equal weighting of gold + silver + crypto. The idea is that these asset classes could potentially replace the dollar in global reserves, thus weakening the dollar. During a downtrend in the dollar starting in March 2020, we see a channel up in the dollar while alternative assets even sell off during the same period. In this ratio chart, a rising wedge is near it's pinnacle, revealing a continuation in the downward trend for DXY and bullishness for metals and crypto. I expect this chart to fall to around 30 before end of 2022. That is, January levels on DXY around 90. This chart also shows a bullish case for those alternative assets. Gold and silver just completed an inverted head and shoulders pattern and look ready to start a new bull run. Bitcoin just reached a new ATH.
TVC:DXYShort
by rrmhearts
3
GOLD (XAUUSD) Price Action Analysis & Technical Outlook 🥇 Hey traders, A lot of questions about Gold. Analyzing a price action on a daily and following the impulse legs from 1721 September's low we can derive that the market is trading in a local bullish trend. With an initial bullish impulse to 1781 and a retracement to 1745 the price managed to set a new higher high higher close then. Now the area between a current October's high - 1800 & the last higher low - 1745 is a so-called bulls' zone. Within that entire area, we expect a bullish accumulation & continuation. Next week look for confirmation within the underlined zone and look for buying opportunities there. Your initial target will be the retest of the current high. ❤️Please, support this idea with like and comment!❤️
OANDA:XAUUSDLong
by VasilyTrader
17
AUDJPY: BULLSIH DIVERGENCE, WILL IT BE BULLISH/FALSE BREAK?Hello Enthusiast Forex Traders! Here's short-term outlook for AUDJPY , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) AUDJPY is breaking out of the Falling Wedge Pattern. Breakout of Falling Wedge could indicates the possibility of bullish movement ahead. The momentum indicator creates a bullish divergence, it signify the potential upward movement to the target area. The roadmap will be invalid after exceeding the support/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the forex pairs.
Long
by financialfreedomgoals101
2
EURUSD: 1.15000 after NFPAnd so, the Euro is trading at 1.15630 ahead of the NFP. Analysts predict a positive NFP for the US dollar. Also, the currency pair remains bearish mood. A scenario is quite possible in which immediately after the release of news data, the price would sharply fall to 1.15000 and, most likely, rebound up again. The price range today is the price area 1.15000 - 1.15890. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
2
US Dollar - Should fall soon - Good for BTC and stocksUS Dollar index (DXY) shows the USD is close to the end of a bearish wedge (green lines). This is similar to the last bearish wedge (blue lines). USD should fall soon, possible with further news of infrastructure bill, debt ceiling solved, etc. When USD falls, everything priced in USD goes up, including BTC, stocks, and commodities like gold and silver. Should be a strong Q4 for everything. Analyst Tom Lee from Fundstrat calls it "the everything rally".
INDEX:DXYLong
by WorthAShot
10 Year Treasury Yields on track to reaching a minimum of 1.77Back in August I posted a Descending Broadening Wedge setup where we were at a potential bottom and today it would seem that we have successfully broken out of said wedge and back tested as support and are looking to finish the measure move that will take us to a minimum target of 1.77. If you look on a timeframe like the weekly we have potential to go all the way up to 2.5 if we break above 1.77 but i wont go into charting that yet until we begin to. To see the original idea check the related ideas tab below.
TVC:US10YLong
by RizeSenpai
AUDUSD: BREAKOUT BULLISH DBW,FAKE BREAKOUT/BULLISH CONTINUATION?Hello Enthusiast Forex Traders! Here's short-term outlook for AUDUSD , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) AUDUSD is breaking out of the Descending Broadening Wedge Pattern. Breakout of descending broadening wedge pattern could indicates the possibility of bullish movement ahead. The momentum indicator already crossed above the zero area, it signify the potential upward movement to the target area. The roadmap will be invalid after exceeding the support/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the forex pairs.
Long
by financialfreedomgoals101
EURUSD: recovery is not plannedAnd so, in the area of the level 1.15890, the price most likely intended to consolidate. But the selling pressure is not being eliminated so far, and the instrument would continue to fall further, to update the lows further. Ahead, the target is the level of 1.15300. The Euro may be supported only by weak news data from the US, but this is unlikely. High-energy prices in Europe, as well as inflationary expectations, put pressure on the currency. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
3
AUDNZD: Australian resistsFollowing the results of today's meeting on the RBA monetary policy, the head of the Central Bank F. Lowe has presented an accompanying statement on monetary policy. According to the statement, the rate will not be raised until 2024. Analysts predict that the economic expansion of Australia would continue in the near future, after a series of measures (for example, vaccinations, which should strengthen the labor market). Against the backdrop of such news events, the Australian strengthens its position against the New Zealander. AUD is expected to recover further from the fall in the summer in the near future. Proposed deal for this tool: Entry Point - 1.04606 (BUY-Stop) Stop Loss - 1.04349 Take Profit - 1.04863
Long
by TradePlus-Fx