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Gold increased breakthrough day by day.Hello traders! Gold had a significant volatility last week. It can be observed that with the Federal Reserve's tightening cycle coming to an end, the resistance that monetary policy has exerted on gold throughout most of 2023 is beginning to weaken, creating opportunities for the market to continue its breakout. As predicted earlier by Nolan, gold has indeed broken out of the downtrend channel with a breakthrough at $1915. Therefore, the price increase has been established, and in this case, my target will be a new high at $1980 and a long-term target at $2050.
OANDA:XAUUSDLong
by Nolan_Signal
Gold recovers stably, outlook analysisHello everyone! Currently, the price of Gold has seen little change compared to the beginning of the week. It is currently trading at $1863 per ounce. Gold has been trying to accumulate since hitting a support level of $1810. Instead of sellers pushing it down to $1800, the support level at 1810 is now seen as a significant level for Gold. The ongoing Israel-Hamas conflict may encourage investors to turn to safe-haven assets like gold during this period. The duration and intensity of the conflict will largely determine this outcome. Stay updated on gold news today and tomorrow! Hopefully, it will be a favorable development for gold prices.
OANDA:XAUUSD
by AlselvSignals
15
EURUSD continues to maintain a discount trendHello dear friends. Currently, EUR USD has ended its trading session for the week at a halt of 1.05067. It can be observed that after several days of attempting a recovery, EURUSD is once again returning to a downward trend as the upward trend chart has been broken with a breakout at 1.0588. With the current trend, it is likely that a further price decline will continue next week, with the current resistance level at 1.0541 and support level at 1.0500. My target will be a price reduction to 1.045. If you find this information helpful and useful, please leave a like and a comment for Karina! I am delighted to receive contributions from you.
by Karina_Bella
Gold today: There are signs of discountHello everyone! After several consecutive days of gains, the price of gold today, October 13th, experienced a decline as inflation data in the United States cooled down, causing the US dollar and US bond yields to rise. Global information: The US announced that the Consumer Price Index (CPI) on a yearly basis increased by 3.7%, higher than the forecasted 3.6%. However, the core CPI, which excludes food and energy prices, decreased from 4.3% to 4.1%, meeting market expectations. With inflation in the US declining and a strong job market, it is expected that the Federal Reserve (FED) will raise interest rates in November 2023 and maintain high interest rates for a longer period. Result: The value of the US dollar surged after these announcements. The yield on the 10-year US bond rose to 4.65%, while the 2-year bond reached 5.07%. Under the pressure of the US dollar and US bonds, speculators are concerned that the price of gold will plummet after reaching $1,885 per ounce. Therefore, they took the opportunity to sell and make a profit. As a result, the global price of gold today dropped by $15 to $1,870 per ounce. Forecast: Using Fibonacci retracement, gold has reached the perfect level at 0.618, indicating a potential decline with successive levels of decrease at $1,869, $1,849, and $1,838.
OANDA:XAUUSDShort
by Karina_Bella
4
Tipping Point ? The Nasdaq Futures have closed below the 50-Day EMA with a very high volume that is 768k contracts today. My view is in the next week if we reclaim the 50-day EMA, then there is a chance for us to rally. But if we stay below the 50Day EMA, then it will go much lower. On the daily time frame, we are creating lower highs for the third time. Be very careful for the next 2 days about the 15,055 level, which is the anchored VWAP. If we start loosing the 15,055 level then there is a good chance that we may test the most recent lows.
CME_MINI:NQ1!Short
by TradesByAdvait
Gold prices increased but unstableDear valued readers, at present, we are witnessing a significant recovery in the price of gold. This precious metal continues its journey to recoup the levels it lost before, with stable trading at 1855 - 1856 USD. Meanwhile, the ongoing conflict in the Middle East may have an impact on major economies in the coming months, including the potential influence on the monetary policies of central banks. This will certainly affect the gold market in the future. Given this situation, gold traders are aggressively buying, although this recovery is still uncertain, as there may still be declines in the future. What we need to do at this time is to wait for market news on Wednesday and Thursday to assess the upcoming direction of gold.
OANDA:XAUUSD
by Karina_Bella
13
Gold on the weekend, noted what?Hello traders! On the 1D chart, the downtrend channel continues to be active, and gold is still developing positively this week with a high price of $1883. However, it has not yet broken out of the prolonged downward trend. Expectations are that after gold reaches the upper limit of the uptrend channel at $1910, there will be a drop. On the other hand, breaking the trendline at $1910 in the future could open up new highs for gold. However, I still have a strong belief that prices will decline in the near future because EMA and RSI are still supporting discounts
OANDA:XAUUSD
by Nolan_Signal
Gold increased higher than 1880 USDHello dear friends, Today, the price of gold is at its highest level in two weeks, reaching nearly $1,880. Gold is trading more firmly thanks to the decrease in the yield of US Treasury bonds due to the latest meeting minutes from the Federal Reserve yesterday. From a technical analysis perspective, when the Bollinger Band range narrowed around the 1820 mark last Friday, it transitioned into an expanding trend with gold's continuous price increase equivalent to nearly $65. In my personal opinion, gold will rise to $1,800 today and then experience a slight decrease to around $1,845 - $1,847 before the upward trend continues.
OANDA:XAUUSD
by Karina_Bella
8
BTCUSD continues to maintain the downtrendDear beloved friends, currently the BTC has not yet ended its downward trend. After breaking important supports today, BTC on the 1-hour chart is showing a sideways movement with a break of the downward trendline at 26,756 USD. Therefore, there is a possibility of a slight recovery in the short term. However, the downward momentum is still strong on larger timeframes such as the 4-hour and 1-day charts, so the downward trend of BTC will continue quickly with Karina's target set at 26,000 USD. If you find this information helpful and useful, please leave a like and a comment! We would be delighted to receive feedback from you!
INDEX:BTCUSDShort
by Karina_Bella
1
EURUSD- price could break outHello smart traders. What do you think about EURUSD today? EURUSD is consolidating its upward momentum from yesterday, with the potential for a breakout and price increase today. Currently, the price is fluctuating around 1.062, and the upward trend is still favored by buyers. Therefore, breaking the 1.064 level would be a strong advancement for this currency pair. Additionally, the expectations and mild comments from the Fed have been driving this pair's strong increase in value.
Long
by AlselvSignals
Pound targets 1.2400? With slight adjustmentHey traders, what are your thoughts on GBPUSD today? On the 1-hour chart, the GBPUSD pair has confirmed its upward trend by breaking through the previous level of $1,216. It is currently being traded at 1,231 USD. In terms of the GBPUSD forecast, we still favor the upward trend, with support at 1,227 and a target of 1,233. Alselv's preferred target and outlook for the forecast stands at $1,242. If you find this article helpful and informative, please show your appreciation by liking it and following us for the latest updates.
Long
by AlselvSignals
10
USDJPY is not enough to promote 150.00Hello! On today's analysis chart, we can see that the upward trend of USDJPY has been broken out at the price level of 149.15. USDJPY has failed to reach the expected level of 150.00 as the downward trend is forming, and the price is currently trading at 148.67. Regarding predictions, there is a possibility that the previous important level of 147.80 will be retested before any new developments from the market are updated and clarify the direction of this currency pair. Alongside that, the target price of 150.00 is still highly regarded by Karina. What do you think about the market today?
by Karina_Bella
14
BTCUSD- the beginning of the declineHello dear friends! BTCUSD today continues to decline as predicted after failing to surpass the price level at $28,000. At the time of writing, BTC is currently trading at $26,807. Let's delve into the analysis a bit. By observing the 4H chart, we can see that BTC is heading towards the nearest support level at 26,530 and the psychological support level at 26,000. In the near future, Alselv believes that BTC will continue to decline further as the support level at 26,900 has been violated.
BITSTAMP:BTCUSDShort
by AlselvSignals
9
USD/JPY moves upward towards 149.00Hello dear friends, Currently, USDJPY is continuing to strengthen its price levels after several days of sideways trading within a narrow range of 149.42 - 148.32. However, in the long-term perspective, USDJPY may still continue to rise as this currency pair is receiving recovery due to the positive risk sentiment amid the conflict in the Middle East. The resistance level at 150.00 is still considered a high target for the upcoming price increase. Breaking above the 150.00 level will pave the way for further development in USDJPY towards higher levels.
by Karina_Bella
10
USD JPY: Target 150.00Dear beloved friends, What do you think, will USD JPY rise or fall today? From observing the 1-hour chart, as predicted by Karina UJ yesterday, it has increased as expected with today's price fluctuating within the range of 149.13. However, this currency pair has not yet broken through the nearest resistance zone at 149.43. On the other hand, the Bollinger Band is still functioning steadily and no abnormal signs have appeared. In larger time frames such as 4H and 1D, the upward trend is still active. Therefore, Karina continues to set her target at 150.00 with UJ finding support at 149.0 and surpassing the current resistance.
Long
by Karina_Bella
1
Gold price stands close to the highest level in two weeksHello dear friends! Gold is currently increasing as we predicted yesterday, with a reversal from the EMA 34 and 89 opening up an upward trend. Additionally, gold has received a price boost as news from last night caused the USD to cool down and adopt a defensive stance, helping gold bounce back. From a technical analysis perspective: Gold needs to maintain its ability to rise today at the $1800 level in order for the upward momentum to continue. On the other hand, gold prices may face a challenge near the $1860 area (EMA 34 zone), and a deeper decline could reach the round number of $1840 (EMA 89 zone). What are your thoughts on the price of gold today and in the near future?
OANDA:XAUUSD
by Karina_Bella
8