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GOLD Will Go Lower! Sell! Take a look at our analysis for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2,664.030. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 2,633.716 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
XRP Hits Resistance Level: Will It Break Through?Based on the XRP/USDT chart, it appears that XRP is trading within a clear rectangular range, with resistance around the $0.64 level and support near $0.53. Recently, XRP attempted to break above this range but has returned within the channel after facing resistance. Looking forward, if XRP successfully rebounds from the $0.55-$0.53 support zone, there is a potential for it to challenge the upper resistance level once again. Traders should watch for confirmations around these key support and resistance levels, as a breakout above or below could signal a new trend direction.
Long
by Sanhara
4
EUR/USD Under Pressure Amid USD Strength and Eurozone ConcernsToday, the EUR/USD currency pair is under downward pressure due to a strengthening U.S. dollar. This decline follows recent market uncertainty, particularly as the U.S. political landscape has experienced volatility, and strong U.S. economic data has fueled demand for the dollar. The euro has also been weakened by economic concerns in Europe, including ongoing challenges in Germany, which have reduced investor confidence in the eurozone's stability. Looking forward, the EUR/USD pair may face further downward movement if the U.S. economy continues to strengthen, driving expectations of higher interest rates. If the pair breaks below the 1.0650 support level, it could move towards lower levels in the short term. However, political events and economic data will remain key factors influencing the pair's direction.
Short
by VivianPalacios280824
SPY S&P 500 ETF End of the Year Price Target If you haven`t bought the recent dip on SPY: Now with Goldman Sachs lowering U.S. recession odds from 20% to 15% and raising their 2024 year-end S&P 500 target to 6000 from 5600, the outlook for the market appears increasingly optimistic. The reduced recession risk suggests stronger economic stability, and the upward revision in the S&P target points to continued growth potential. Given these factors, I agree that a year-end price target of 600 on SPY is achievable.
AMEX:SPYLong
by TopgOptions
1
Gold Price Today: USD Strength Causes Sharp DeclineGlobal gold prices have sharply decreased as the USD Index rose to 105.5 points, marking the dollar's highest level in over four months. The decline in gold is largely driven by the strength of the USD and rising Treasury yields. Additionally, a steep drop in crude oil prices to $68 per barrel and gains in U.S. stocks have shifted investor interest toward energy and equities. Consequently, investment in precious metals remains low, further pressuring gold downward. The short-term bearish trend is expected to continue, with more selling anticipated
OANDA:XAUUSDShort
by VivianPalacios280824
DOGE Dogecoin BreakoutIf you haven`t bought DOGE before the previous breakout: nor sold the top: Now you need to know that is primed for a new rally! Dogecoin appears poised for a new rally after breaking out from a falling wedge pattern, a bullish technical indicator. The wedge typically signals a reversal from a downward trend, suggesting upward momentum. As the breakout solidifies, Dogecoin could target the $0.22 price level, a significant resistance zone. Strong buying volume following the breakout could fuel the rally, supported by renewed interest in the meme coin and broader market sentiment.
Long
by TopgOptions
SOLUSDT : Uptrend channel continues to operate SOLUSDT is currently trading within an ascending channel, as indicated by the price's movement along the parallel trendlines. The chart shows a potential for price retracement towards the channel's lower boundary near the $200.20 level, where a support zone is established. If this support holds, the price might experience a rebound back towards the upper trendline of the channel, targeting higher levels around $215 and above. The moving averages also support the overall upward trend, with a potential bounce scenario that could confirm the continuation of the bullish structure within the channel.
by Sanhara
1
BTCUSDT: Strong Buy Opportunity on Key Support RetestBTCUSDT is trading around 81,230 USDT, with bullish momentum showing signs of a potential pullback toward the support zone between 79,113 and 77,188 USDT (highlighted in blue). This area has consistently acted as a solid support and aligns well with the moving average, suggesting a favorable entry point for buyers. A pullback to this zone presents an ideal buying opportunity, with the potential for BTCUSDT to bounce back strongly and push toward new highs above 82,000 USDT. The expectation is for BTC to maintain its bullish trend upon reaching this support, providing an attractive setup for long positions.
by Sanhara
GBPJPY Will Move Lower! Short! Here is our detailed technical review for GBPJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 197.995. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 193.732 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
3
ETHUSDT: Strong Bullish Breakout with Target at $3,550ETHUSDT has recently shown impressive bullish momentum, breaking out of a prolonged descending channel. Currently trading around $3,171, Ethereum has surged past key resistance levels, signaling a potential continuation of its upward trajectory. The breakout from the descending channel suggests a bullish reversal, with a likely target near the $3,550 mark (highlighted in the green area). This target aligns with the upper boundary of the channel and represents a major resistance level. Technical indicators and moving averages support this bullish outlook, as Ethereum gains strength above its moving averages. Traders looking for long positions may consider buying on any minor pullbacks toward $3,000, aiming for a target of $3,550.
Long
by Sanhara
Gold Prices Today: Sharp Drop at Market OpenOn the morning of November 11, gold prices opened at $2,674 per ounce, down approximately $10 from the previous week's close. This sharp decline followed the recent election, sparking a wave of investor sell-offs and raising concerns about the future direction of the precious metal. The decline may persist for about six weeks, but medium- to long-term demand is expected to rise. Many central banks are continuing to diversify their assets with gold to reduce dependence on the US dollar. Additionally, the Federal Reserve and other central banks may maintain accommodative monetary policies to support slowing economies, potentially creating favorable conditions for gold prices to rebound in the future.
OANDA:XAUUSDShort
by VivianPalacios280824
EUR/USD: Euro Struggles Amid UncertaintyThe EUR/USD pair continued its decline for a second consecutive session, trading around 1.0720 during Monday's Asian trading hours. The pair was pressured by a stronger U.S. dollar and political uncertainty in Germany. If Trump's fiscal policies are implemented, they could boost investment, spending, and labor demand, raising inflation risks. This might lead the Fed to adopt more restrictive monetary policies, strengthening the dollar and further pressuring EUR/USD. Currently trading near 1.07, the pair could decline further if the Fed continues to tighten monetary policy. However, technical indicators hint at a potential mild recovery. The near-term outlook for EUR/USD depends on signals from the Fed and ECB interest rates. While the ECB maintains its accommodative monetary policy, strong regional data or any Fed policy shifts could support a short-term rebound in EUR/USD, despite ongoing market volatility.
Short
by VivianPalacios280824
XAUUSD 10/11/24XAU Followed our newly established selling buyer last week, a clear shift to the downside. Of course, this was helped by the US election and the results. We now have the same scenario and the same bias in place. We have one area of supply that has already been tapped into. We have 2 liquid highs that are situated at that area of supply and then a higher point of supply which is untapped. Now ultimately we aim for the low as always a pullback is not necessary, but this is gold. So there is a scenario that all these points for selling will fail and we will then aim for the all time high. Our current bias is bearish if this changes during the week and we will update everybody. if it does not we will continue to sell this down to lower pricing before institute becomes interested once again. Follow your plan and stick to your risk!
OANDA:XAUUSD
by PipSurfingSociety
EURUSD 10/11/24Last week’s shift in the EU bias changed our view from short to long. However, as we always say, high-impact fundamentals can move the market, sometimes in line with our bias and sometimes against it. In the case of the U.S. election, the result pushed prices lower. This happened because the USD gained significant strength when the new president was elected. Now, we're back to our more favorable sell bias. With the recent shift lower, the higher timeframe aligns with this bias again, allowing us to target last week’s lows. We have several points to watch for a bearish shift: the supply area in the middle of our current range and the two highs at the top of the range from Friday’s 4:00 AM move. If these highs are taken, we expect price to sell off and continue down to our target lows. There's a possibility of price moving up to the major high we’ve marked, but this is unlikely given our bearish bias. If this happens, we’ll still aim for the target low. A pullback would give us an even better position to sell into that low. As it stands, we have a relatively large fundamental range, so price may fluctuate within this range for some time. Follow your plan and stick to your risk!
by PipSurfingSociety