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GBPUSD continues to declineHello dear friends! What do you think, will GBPUSD rise or fall today? Currently, GU is fluctuating around the price level of 1.210 with a slight decline. It can be observed that GBP/USD is gradually losing points, closing at 1.2100 after disappointing Retail Sales data in the UK with -0.9% MoM in September. Escalating tensions in the Middle East continue to support the US dollar, putting pressure on this currency pair. From the chart, if GBP/USD confirms 1.2100 (a psychological and static level) as a resistance level, we may witness additional losses towards 1.2050 (the recent downtrend's end point) and 1.2000 (a psychological and static level) as indicated by Fibonacci.
Short
by Karina_Bella
11
Gold also increased sharply this week?Hello traders! After a tremendous increase in the price of gold last week, reaching an impressive figure of up to 1996 USD, we are now witnessing a slight decline in this precious metal at the beginning of this week. Currently, gold is trading at 1970 USD, experiencing a decrease of approximately 10 USD in a day. From analyzing the gold chart, it can be seen that a new peak is gradually forming at the highest price level in the past two weeks. However, Nolan still holds a positive outlook on the possibility of gold rising. If this is a formation of a Dow pattern, using the Fibonacci retracement tool, the reasonable decline level for gold could be prioritized at 0.618, equivalent to 1926 USD or 1948 usd, and then the upward trend would continue to develop. Another supporting factor for gold is the ongoing tension in the Middle East. Gold becomes attractive to investors who seek to preserve capital amid market turmoil. This leads to massive buying of gold and pushes its price higher.
OANDA:XAUUSD
by Nolan_Signal
Update BTC: Objective 30,000 USDDear beloved friends! In the dynamic world of cryptocurrency trading, the BTCUSD pair has emerged as a focal point for investors seeking growth opportunities and capital preservation. Currently, BTC continues to strengthen its upward momentum with prices hovering around the $26,900 mark. The current environment is favorable for BTC, and as such, my price target is $30,000, with a strong breakthrough when surpassing the $28,000 resistance level. What about you? What is your target?
INDEX:BTCUSDLong
by Karina_Bella
29
BTC USD: Sideway waited for a strong breakthroughHello dear friends! Today, BTCUSD continues to maintain its significant price increase after rising above $28,000. This is a great sign for future price hikes. From the analysis chart on the 1-hour time frame, it can be seen that the price is currently moving sideways within a narrow range of $28,600 - $28,200. It is expected to experience another decrease towards $28,000 in the area where EMA 89 is active, followed by a bounce back and breaking out of the current trend. Karina's target is still $30,000. What about you? What do you think about the upcoming BTC?
INDEX:BTCUSDLong
by Karina_Bella
7
EURUSD consolidated the dayDear friends, in today's trading session, EURUSD is currently consolidating at a high level around 1.0577, which coincides with a resistance level. On the other hand, the overnight speech by Federal Reserve Chairman Jerome Powell has led to market instability and unclear trading throughout the day. "The market is in turmoil, anxiously awaiting a move: gold and oil, the clearest indicators of sentiment towards the conflict, continue to rise." Due to these reasons, I anticipate that EURUSD will continue its expected decline to 1.045, which aligns with a lower support level on the 4-hour timeframe.
Short
by AlselvSignals
5
EUR/USD stays vulnerable below 1.0500Hello dear friends! Is the question you are currently interested in whether EURUSD will rise again or continue to decline? Let's find out together with Karina! From the 1D analysis chart, we can see that EURUSD has been continuously declining since reaching a high of 1.128. Despite some recovery phases, it seems that it is not enough to bring the price back. The important support levels at two major price areas, 1.058 and 1.052, have been easily broken, reflecting a strong downward momentum. Currently, EU is trading around the support zone of 1.052 with a slight recovery. However, after rising to the EMA 34 area, it quickly gets pushed back. If the current support level is broken, there is a high possibility that EU will not be able to turn around. What about you? Do you agree with this analysis?
Short
by Karina_Bella
11
Gold increased sharply, booming in the 4h frameDear friends, it appears that the Fed is still committed to its inflation goal. However, increasing political instability could quickly push gold up to $2000 per ounce. Since the conflict in the Middle East began, the demand for safe havens has helped gold rise by nearly $120. At the time of writing, gold is trading around $1978 - $1980. It is evident that gold is trading at a relatively strong high level. It is expected that the price of gold will continue to rise to $2000 in the near future due to the stability of the trend on the 4-hour timeframe.
OANDA:XAUUSDLong
by AlselvSignals
EUR/USD remains depressed below 1.0600Hello traders! The Euro (EUR) is trading cautiously against the US Dollar (USD), causing the EUR/USD to drop to the range of 1.0570-1.0580 after reaching a weekly high on Thursday above the resistance level of 1.0600. With a focus on monetary policy, it is predicted that the Federal Reserve (Fed) will maintain its current stance of no change in interest rates at the November meeting. This viewpoint is reinforced by comments from Jerome Powell of the Fed on Thursday. The upward trend of the EU can be seen as not strongly supported, as the price increases are occurring only in the short term and are quickly pushed back. If the two important support levels on the 4-hour timeframe, currently at 1.053 and 1.050, are broken, the next downward level will be at 1.045.
Short
by Nolan_Signal
1
Gold is burning with the weekend transactionHello dear friends! The trading week is coming to an end, and how has your trading been? Karina hopes that everything you're doing is going well! Now, here are some analyses from Karina about today's market. Regarding the information impacting gold: - Conflict in the Middle East - Speech by the Fed Chairman on the 19th/20th The results of the information: - The ongoing and escalating conflict in the Middle East has led traders and investors to seek safe-haven assets like gold, causing a significant increase in gold prices. - Federal Reserve Chairman Jerome Powell expressed support for stable interest rates in his speech on Thursday and reduces pressure on gold prices. From the technical analysis chart: - Gold is trading at its highest price in two weeks, reaching a trading level of $1990. The two main resistance levels at $1945 and $1980 have been easily surpassed. - The upcoming target price is $2018, but it is necessary to check for a lower level confirmation to establish a high peak. Additionally, the price is moving away from the EMA zone, and when trading too far from the EMA, it tends to return to the previous range of activity. Therefore, according to Karina, the price will increase in the coming week with a small price decrease that serves as an adjustment before officially forming an upward trend. Karina emphasizes a price level of $2050. What about you? What are your targets and thoughts on gold?
OANDA:XAUUSDLong
by Karina_Bella
5
Gold price promises a new high level in the near futureDear beloved friends, Currently, the price of gold is experiencing an upward trend, reaching above the threshold of $1,900 per ounce in the trading session on October 13th. It has closed at its highest level in three weeks, driven by the escalating tensions in Israel, which have increased the demand for gold as a "safe haven" during times of uncertainty. As the Federal Reserve (Fed) is nearing the end of its tightening cycle, the resistance that monetary policies have exerted on gold throughout most of 2023 is starting to weaken, presenting an opportunity for gold to rebound. From the analysis chart: Gold is showing signs of breaking the downward channel, with a breakout at the $1,932 level. Additionally, the trendline continues to provide support for the precious metal. It is expected that a price increase may continue this week, with long-term targets set at $1,960 and $2,015. What are your thoughts and ideas about the upcoming gold price?
OANDA:XAUUSDLong
by Karina_Bella
7
USDJPY increasingly tense.Hello dear friends, Currently, USD JPY is trading extremely tense as it approaches the 150.000 area. At the time of writing, UJ is trading at 149.897 and still rising. The question we pose today is whether this currency pair can overcome this strong resistance level or not? From a personal standpoint, Karina still holds a high possibility that UJ will be able to surpass this resistance level of 150.000. The evidence is that it continues to rise steadily, although not too prominent, but enough to demonstrate the strength of this currency. Additionally, the EMA 34 still maintains its position above the EMA 89, further reinforcing the upward trend. The issue that remains to be resolved for the question about UJ is only a matter of time. What do you think?
Long
by Karina_Bella
5
EURUSD can break through the channelDear friends, in general, EURUSD continues to show a range-bound movement. Looking at the technical picture of EURUSD on the 4-hour timeframe, we can see that it has formed a flag pattern and is currently facing resistance at the 1.0550 level. Currently, EU is trading around the support zone of 1.052 with a slight recovery. However, in the short term, after rising to the descending trendline, it will likely be quickly rejected. If the current support level is broken, there is a high possibility that EU will not be able to turn around. What about you? Do you agree with this analysis?
Short
by AlselvSignals
6
Gold increased slightly in the last session of the weekDear friends, Today, Gold rose nearly $30 due to escalating conflicts in the Middle East and the possibility of the Fed halting interest rate hikes, just as predicted yesterday. As a result, financial investors are concerned about the risks and have started selling stocks. Consequently, the US and European stock markets are engulfed in red. The Dow Jones index plummeted by 250 points, the S&P 500 dropped by 36 points, and the Nasdaq declined by 128 points. Many stock investors continue to shift their capital into precious metals to preserve their funds. It is inevitable that the price of gold will rise. At the time of writing, Gold is trading around $1971 - $1982. It can be seen that Gold is trading relatively calmly with a stable accumulation level. It is expected that the price of Gold will increase to $2010 in the near future due to the stability of the trend on the 1-hour time frame.
OANDA:XAUUSDLong
by AlselvSignals
2
Gold - increased higher for a longer timeThe price of Gold reached a new high in 4 weeks at $1,943 on Wednesday before entering a consolidation phase. Despite a slight decline, the Gold price remains steady around $1,930, currently trading around $1,935. Gold traders are anticipating a series of speeches from the Fed for the next price hike, preparing for Federal Reserve Chairman Jerome Powell's speech on Thursday. The next resistance level is seen at the highest point on September 20th at $1,947, above which the highest point on September 1st at $1,953 will be tested. A sustained upward move beyond this level could trigger a new upward trend towards the $1,970-$1,980 range. If Gold fails to find solid ground at $1,930, a retracement to the support level of $1,923 is likely to occur. Further south, sellers will be eyeing the previous day's low of $1,912.
OANDA:XAUUSDLong
by AlselvSignals
The impact of war on goldHello everyone, Precious metals experienced a slight correction today, with a decrease of $20 or -1.04% compared to the previous trading session. Gold price forecast: 14 Wall Street analysts participated in Kitco News' gold survey. 72% of the analysts expect gold prices to increase in the near future, while 14% predict a decrease and the remaining 14% believe prices will remain stable. From the analysis chart: In the short term, gold may test the support level at $1900. The hope is that it will find support at this point and then rebound.
OANDA:XAUUSD
by AlselvSignals
2
Gold continues to follow the buffalo marketDear friends, today Gold continues to rise strongly due to its close relationship with the rapidly increasing oil prices. The price of Brent crude has reached over $92 per barrel, while WTI crude has surpassed the $88 per barrel mark. At the time of writing, Gold is trading around $1948 - $1950. It can be seen that Gold is trading relatively calmly with a stable accumulation level. It is expected that the price of Gold will increase to $1980 in the near future, thanks to the stable trend on the 1-hour timeframe. What are your thoughts on the future of Gold?
OANDA:XAUUSDLong
by AlselvSignals
2
Gold formed the price increase sample ?Hello dear friends. Today, gold continues to trade steadily around the price range of $1915 after experiencing a strong increase last Friday. From the observed 4-hour chart, we can see that the "Cup and Handle" pattern has formed. It is expected that a slight price decline will occur if the pattern is completed, followed by an anticipated increase with Karina's target set at $1980. What are your thoughts on the market today and for this week?
OANDA:XAUUSD
by Karina_Bella
4
Gold continues to increase the price stronglyHello everyone ! Yesterday, gold experienced a significant price increase and is currently trading at $1940, up approximately 0.08% from the previous day's trading session. Reasons supporting the rise in gold: - Firstly, after the retail sales report yesterday, investors are concerned that the Federal Reserve (Fed) may raise interest rates further, leading to a stronger US dollar and potentially impacting economic growth. - Secondly, political tensions in the Middle East continue to escalate and intensify. Result: - The trend of buying gold as a safe haven for investors continues to increase, with gold experiencing a strong surge and showing no signs of slowing down. Expected gold prices in the near future: - Recently, there have been indications that the Federal Reserve may not raise interest rates in its upcoming meeting at the end of this month. This is also a factor driving gold prices higher. - The market will be influenced by today's news and an important speech by the Fed chairman on October 19th. Technical analysis: Gold continues to trade above both the EMA lines, with the EMA 34 signaling a bullish trend in the upcoming period. The price is approaching the $1950 mark, with the next target being $1970 if the market situation continues to follow this development momentum. GOOD LUCK TO YOU !
OANDA:XAUUSDLong
by Karina_Bella
5
GBP/USD hovers below 1.2150 after retracing recent gainsHello traders! On the last trading day of this week, the GBPUSD market continues to lack significant breakthrough movements, with prices remaining relatively stable. However, this currency pair is facing upward pressure from the weakened US Dollar (USD) following comments made by Federal Reserve Chairman Jerome Powell. With the current support level at 1.210, a potential uptrend may occur, although it could be short-lived if it encounters resistance at 1.217. The downside target for the retreat is set at 1.205, according to the trendline.
by Nolan_Signal
4
BTC breaks through falling channel, long-term increase?Hello dear traders! BTCUSD is emerging as a focal point for investors seeking growth opportunities and capital preservation. Currently, BTC is trading at $28,079. It can be seen that this currency pair is recovering after breaking free from the psychological barrier with a downward channel pattern. It has made a breakthrough at $27,734. The current environment is supportive of BTC's upward prospects, and my price target is $29,250, breaking through the strong resistance level at $28,585.
BITSTAMP:BTCUSDLong
by AlselvSignals
7
BTC continues to dance if it holds 28,000 USDHello dear friends! Today, the BTC is holding its price increase well after surpassing the resistance level of 28,000. It is currently trading at around 28,475 USD. On the upside, the immediate resistance level is near 28,550 USD. Additionally, there is a short-term narrowing triangle forming with resistance near 28,500 USD on the 1-hour chart. The next important resistance level could be near 29,000 USD. A clear move above the 29,000 USD resistance zone could generate a larger upward momentum. The next important resistance level could be 29,500 USD.
INDEX:BTCUSD
by Karina_Bella
1
USDJPY receives strong supportHello all of you! Let's explore the market with Alselv. Currently, the UDJPY pair is consolidating its price increases after trading sideways for several days. It is currently trading at 148.87 USD. In the long term, the pair is expected to increase due to positive risk sentiment caused by the conflict in the Middle East. EU buyers are pushing the price up to 148.92 USD, with an anticipated increase to 150.00 USD. What are your thoughts?
Long
by AlselvSignals
8
BTCUSD retreats to the target of $ 30,000Dear friends, it appears that BTC continues to rise as predicted, reaching an estimated 29,000 USD and currently trading at 29,215 USD. Digging deeper into specific details, if the price violates the 28,550 USD level, analysts believe it could act as a catalyst for further price fluctuations. On the other hand, maintaining this upward momentum for BTC almost guarantees that the leading cryptocurrency will aim for the coveted 30,000 USD mark. Analysts conclude that predicting a peak around 30,650 USD is not unrealistic given the growth trend.
BITSTAMP:BTCUSDLong
by AlselvSignals
2