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Gold is going to $3,000 as the market faces a tectonicAccording to the pricing experts, industry leaders, financial analysts, and big banks, there are several factors that could affect gold prices in 2024. These include: US/Global recession The Fed stops rate hikes Geopolitical tensions High Demand by Central Banks US dollar weakening India and China retail gold demand stabilizes US political risks Banking failures You can prepare a buy position every time the market goes down (Buy On Dip), Strong support area $2.602/toz Disclaimer: This only informative. The information & recommendations provided are not always complete & accurate, so customers need to verify personally. Trading futures is a costly activity and brings not only profits but also losses
FX:XAUUSDLong
by Njjeha
Gold prices are on the rise today!Dear friends. Let's update and strategize with Ben today! As predicted earlier, the gold price has made an impressive bounce to fill the gap, completely escape the sideways trend and end the parallel wedge pattern. At the time of writing, the gold price is trading below the 2758 barrier. The uptrend is very strong as it consolidates at a high level with stable trading activity on the 2-hour time frame. On the other hand, the gold price may continue to increase due to the forecast that the US Federal Reserve (Fed) will cut interest rates 1-2 more times between now and the end of the year, along with the Central Bank increasing its gold reserve purchases. Due to these factors, it is contributing to making the market hotter than ever. Ben's prediction is that by the end of this week, the gold price will increase by at least about 40 USD, which is the 2780 mark, and even more. Wishing you all a successful trading and earning lots of silver. Best regards!
OANDA:XAUUSDLong
by Bentradegold
Dogecoin forecast December 2024A very simple idea that comes from using the Bitcoin halving's dates along with the Dogecoin price action to predict where the price of Dogecoin will go for the rest of 2024. As we can see right after each Bitcoin Halving, the price of Dogecoin goes sideways for ~6 months average. Once that happens we see the parabolic bull run. Taking that data from the last two BTC Halvings into consideration we can see that we are going to be trading sideways starting from May to September, then the last 3 months of the year we will have a new all time highs. Happy trading and don't forget to take profits on the way up and in the mean time accumulate as much as you can! Your future self will thank you! Cheers!
BINANCE:DOGEUSDLong
by JLSC37
9
SUI, bound for SUI-PER gains soon, multiple x prospect!SUI has corrected heavily this past few weeks after touching a parabolic high at 2.0 zone. It trimmed down weightily to 0.6 area -- almost x3 from its highs. Now, SUI is hinting of a massive reversal after recent price breakout on its persistent bear channel structure. Expect some significant price recovery from the current zone of 0.80 with a possible re-tap of previous highs at around 2.0 ++. The current price point is an attractive seeding opportunity. This is a major order block where buyers will converge now. SUI visual data diagram is too tidy to be missed. The clues are obvious. Spotted at 0.80 Interim target set at 2.0 TAYOR.
Long
by JSAL
2
EURUSD with two probabilities for 10/30/2024This is my idea Nbr 16 after 15 ✅️ EURUSD with a high probability to make the decision for 10/30/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Short
by Abderrahmane_24
Solayer Labs Launches $sUSD: A Game-Changer for DeFi on SolanaSolayer Labs has announced the launch of LSE:SUSD , a yield-bearing, real-world asset-backed synthetic stablecoin on the Solana blockchain. This innovative protocol marks a significant milestone in the DeFi space, particularly for Solana, which has recently shown bullish momentum. Unveiling the LSE:SUSD Protocol The LSE:SUSD protocol, co-designed with OpenEden, allows users to earn yields on CRYPTOCAP:USDC deposits, thereby democratizing access to stable, low-risk financial assets. The unique feature of LSE:SUSD is its self-rebasing mechanism, which reflects interest earned directly in users' balances without requiring staking. This design ensures that users see their balance grow automatically, with current yields estimated at an attractive 4.33% annually, based on US Treasury yields. The launch of LSE:SUSD is particularly noteworthy as it was introduced following Solayer Labs’ achievement of surpassing **$200 million** in total value locked (TVL) in Q3. This indicates robust user interest and a solid foundation for future growth. Technical Aspects of LSE:SUSD From a technical standpoint, LSE:SUSD is built on Solana’s Token-2022 standard with an extension for interest-bearing tokens. Unlike traditional stablecoins, users are not required to stake their assets to earn yields, which significantly simplifies the user experience. The yield is automatically reflected in the users’ balances, making it more accessible to a broader audience. The protocol operates as a non-custodial Request-For-Quote (RFQ) marketplace, allowing only owners to create or destroy $sUSD. This system facilitates seamless transactions across various qualified real-world asset (RWA) tokenizers, providing a secure and efficient minting process. Technical Outlook for SOL As of the latest trading data, CRYPTOCAP:SOL is up 2.8%, with a bullish RSI of 68, indicating it is approaching overbought territory. Nevertheless, the pivot point is set at $200, presenting an opportunity for strategic buyers. Notably, Solana has recently surpassed Ethereum in trading fees, showcasing its growing dominance and potential as a leading blockchain for DeFi applications. A Bright Future for DeFi on Solana The launch of LSE:SUSD is not just another stablecoin; it represents a significant shift towards integrating real-world assets into the DeFi ecosystem. By offering users a chance to earn yields on CRYPTOCAP:USDC deposits while also providing a low-risk financial asset, Solayer Labs is paving the way for broader adoption of DeFi solutions. Additionally, the launch includes various incentive programs, such as a 10x yield boost on the first $10,000 deposits during the initial minting phase, starting October 30th. This strategy aims to attract early adopters and boost liquidity in the LSE:SUSD market. Conclusion The introduction of LSE:SUSD by Solayer Labs is a testament to the growing synergy between DeFi and traditional finance. As the DeFi landscape continues to evolve, LSE:SUSD stands out as a compelling option for users looking to explore yield-bearing assets in a secure and user-friendly manner. With the expectation of further developments and potential airdrops, Solayer Labs is well-positioned to lead the charge in DeFi innovation on Solana.
COINBASE:SOLUSDLong
by DEXWireNews
october 29 review in Gold(XAUUSD)Forecasting 3% to 4% Profit-Taking Opportunities in Gold Gold prices reached an all-time high today, driven by increased demand for safe-haven assets amid the approaching, last week’s highly competitive U.S. presidential election. Gold has been steadily reaching new record highs, while other precious metals have also seen gains. However, silver prices have faced resistance near their 52-week peak. In 2024, gold and silver prices have increased by approximately 35% and 60%, respectively. In morning today’s US sessions, December gold futures hit a record high of $2,783.95 per ounce, while spot gold prices climbed to $2,771.73 per ounce. An economic downturn would alter the dynamics affecting the prices of precious metals both silver and gold. Gold was supported by safe-haven demand as the conflict in the Middle East continued. Traders were anticipating Israel's response to Iran following an attack in early October. Additionally, a 25-basis point reduction by the ECB suggested that major global central banks were positioned to implement further rate cuts, creating a lower interest rate environment that is expected to benefit gold and other non-yielding assets.   Overall, gold prices are considered overbought, yet a combination of factors is driving the current rally. Despite the strengthening U.S. dollar, gold prices continue to rise, highlighting the ongoing inverse correlation between the U.S. dollar and gold, which adds downward pressure on gold prices. A stronger U.S. dollar tends to make gold more expensive for investors holding other currencies, as gold is priced in dollars. When the dollar appreciates, it increases the cost of purchasing gold for foreign buyers, thereby reducing the metal's appeal as an investment. This inverse relationship between the dollar and gold often leads to decreased demand for the precious metal in times of dollar strength, as investors seek more affordable alternatives or move to other assets. Consequently, a rising dollar can weigh on gold prices, making it less attractive in global markets. Short-term traders in the gold market are engaging in profit-taking, capitalizing on recent price increases. These traders, who typically seek to benefit from short-term fluctuations, are selling off their positions to lock in gains. This activity can temporarily pressure gold prices, creating volatility in the market, as selling momentum increases. Profit-taking is a common strategy when traders believe the asset may have reached or is approaching a life time high peak, signalling a potential pullback before prices stabilize or resume an upward trend. Key Strategies Traders Should Consider Amid Gold Market Volatility Considering recent market conditions, spot gold (XAUUSD) reached a high of $2,771.73 at morning US sessions, presenting a potential strategic entry opportunity for traders. If profit-taking occurs and prices continue to fall, spot gold (XAUUSD) could test the 5-day moving average at $2,742.16. A break below this level may trigger a move towards the 20-day moving average at $2,685.32, with further declines potentially reaching the October 10 low of $2,604.15. On the other hand, if upward momentum persists, gold could attempt to set a new record high. However, based on my analysis, spot gold prices are expected to experience profit-taking, with a potential decline of around 3.00% to 4.00% from recent record highs in the coming days. MCX December Gold Futures price of ₹79,277 per 10 grams reached an all-time high today, acts as a key entry point. Potential downside targets include ₹78,111 per 10 grams, the yesterday’s low. A breach of this level could lead to a test of last Week's low at ₹77,613 per 10 grams, with further declines possibly reaching 15th October’s low of ₹75,766 per 10 grams. A drop below this level would indicate a significant downtrend, with the next support likely around ₹74,757 per 10 grams, this month's low (October 10 low). Holding Period – Maximum 2/3 weeks. In conclusion, the current dynamics of the gold market suggest that traders should remain vigilant as profit-taking appears imminent, with expectations of a potential decline of 3% to 4% from recent highs. Key technical levels, including the 5-day and 20-day moving averages, will serve as crucial indicators for market direction. Should gold prices breach significant support levels, such as those observed last Thursday and Wednesday, it may trigger further declines, warranting careful consideration of entry and exit strategies. Conversely, if upward momentum resumes, there could be opportunities for new record highs. As always, a thorough analysis of market conditions, combined with a disciplined trading approach, will be essential for navigating the evolving landscape of gold investments.
CAPITALCOM:GOLDShort
by HirenGarasondia
Applied Materials May Be OversoldApplied Materials has struggled since the summer, but some traders may think the chip-equipment stock has rebound potential. The first pattern on today’s chart is the sharp drop on October 15 after industry peer ASML issued weak guidance. AMAT kept sliding for more than a week before trying to stabilize and make a higher monthly low relative to August and September. That could mean buyers were active. Next, prices are still near the bottom of the range. Does that provide opportunities for favorable entries? Third, the bounces are occurring slightly above AMAT’s previous record from 2022. That may suggest new support has been established above old resistance. The rising 200-day simple moving average may further reflect a longer-term uptrend. Finally, stochastics are rebounding from an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:AMAT
by TradeStation
AMD Technical Analysis on Oct. 29, 20241. Trend Analysis and Chart Patterns: Ascending Trendline Support: AMD is showing an uptrend with higher lows, as indicated by the ascending trendline. This trendline can act as support, and a break below could signal a potential shift in trend. Bullish Momentum: AMD has recently broken above a previous consolidation, which can indicate bullish momentum if it holds above the breakout level. 2. Support and Resistance Levels: Immediate Resistance Levels: 161.31 - 163.00: AMD is close to this resistance zone, where selling pressure might emerge. If it breaks above 163, it could indicate continued bullish strength. Support Levels: 158.28: This level aligns with recent consolidation and might act as short-term support if AMD retraces. 152.33: A significant support level from a previous pivot low, marking a potential reversal point in case of a deeper pullback. 150.55: Key support below, where buyers may step in if AMD sees a sharp decline. 3. MACD and Volume Analysis: MACD: Slight bearish crossover, indicating weakening momentum. If MACD remains below the signal line, it may indicate a pullback or consolidation phase. Volume: Recent volume spikes on upward moves suggest strong buying interest. Lower volume on pullbacks would support a continuation of the uptrend. 4. Trading Strategy: Scalping Opportunities: Long Entry: Consider going long around 158.28 if it shows a bounce, with a target towards 161.31 and beyond. Short Entry: If AMD breaks below 158.28 with strong volume, a short position could target 155.78 or lower. Swing Trading Strategy: Bullish Scenario: A break above 161.31 with strong volume could indicate an opportunity to swing trade to 163 or higher. Look for confirmation with a higher low forming above 158.28. Bearish Scenario: A break below the ascending trendline and 152.33 may suggest a short-term bearish trend reversal. In this case, 150.55 would be a possible target. 5. Key Levels Summary: Support Zones: 158.28, 155.78, 152.33, 150.55 Resistance Zones: 161.31, 163.00 6. Expected Direction and Price Action Today: Open: Expect AMD to test 161.31 at open. If it fails to break this resistance, it may pull back to test support levels around 158.28. During the Day: If 158.28 holds as support, AMD could see a bounce and consolidate around 161.31. If this level breaks, expect it to test 163. Close: Likely bullish close if it holds above 161.31, but bearish sentiment could emerge if it fails to break this level and dips below 158.28. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results. Conduct thorough research or consult a financial advisor before making trading decisions.
NASDAQ:AMD
by BullBear-Insights
Tether Dom- i will try to make it short. - Like always everything is understandable in graph. ---------------------------------------------------------------------------------------------------------- TA : ---------------------------------------------------------------------------------------------------------- - Tether made a triple new ATH around 9% dominance on Crypto Markets. - Got rejected 3X times. - Right now it's the 4th attempt for USDT trying to break 9%. - i kept BB in graph to show that USDT flirts again with the higher bollinger band. - Right now the most important is to watch out for Divergences. - Divergence or Hiden-Div will come soon or later. - i expect Tether to back around 5% Dom around 2024 when the bullmarket will back. - Do you remember last year when USDT and USDT were racing together ? - USDC ( Circle ) Failed with the fall of Silicon Valley Bank. - Now USDC is a back to 2.60% Dom. ---------------------------------------------------------------------------------------------------------- FA : ---------------------------------------------------------------------------------------------------------- - Remember USDT still have a big lack of transparency. - if u check the news, you will notice that Tether invested heavily in Bitcoin Mining. - They did this move to use this diversification as a parachute in case of troubles. - if Tether fails for any reason it could quickly dip to 3.7% Dom. ------------------------------------------------------------------------------------------------------ Last Point : CDBC are coming and central banks will try kickout Tether from this game. --------------------------------------------------------------------------------------------------------- Conclusion : Stay Safe and Buy Bitcoin ! Happy Tr4Ding !
CRYPTOCAP:USDT.D
by thecryer
7
Bitcoin Breakout Alert! The daily Bitcoin chart just broke through its downtrend line from March 2024 — and it did so with some serious momentum! 📈 Now we’re watching for a continuation of this upward move. The first key resistance level? The March 2024 high at $74,415. Looking at the big picture on the monthly chart, BTC has been in a four-year uptrend channel, with the upper boundary currently around $81,150. That’s the next target if we clear this high. Exciting times ahead! 🚀 Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
CME:BTC1!Long
by The_STA