Gold Benefits From Political TensionsThe technical analysis of the gold chart shows that the price has increased sharply and broken the resistance level near $2,743/ounce. The EMA 34 and 89 continue to point up, reinforcing the long-term uptrend. It is expected that the gold price may have a correction to the $2,700 level before continuing to increase to higher targets around $2,800 and $2,950, corresponding to the Fibonacci levels 1.0 and 1.618.
The political news factor also contributes significantly to the fluctuations of the gold price. The US presidential election in November is strongly affecting the market sentiment. If Mr. D.T. wins, the gold price is likely to decrease due to expectations that he can resolve geopolitical tensions. However, strong economic policies from both candidates may also increase economic stimulus and money injection, further supporting the gold price increase.
SELL
WLD Worldcoin - Sam Altman's vision for the futureWorldcoin, founded in 2019 by OpenAI CEO Sam Altman, alongside Max Novendstern and Alex Blania, is rapidly gaining momentum as one of the most innovative projects in the crypto space. Backed by $250 million in funding from top venture capital firms like Andreessen Horowitz, Khosla Ventures, and tech visionary Reid Hoffman, Worldcoin is part of Altman's larger vision for the future.
The project's core mission is to create a global identity verification system by assigning every individual a unique digital signature, verified through iris scans using a device called the Orb. This ambitious approach to proving "humanness" has the potential to revolutionize the way we interact with digital systems, creating new possibilities for secure transactions and decentralized identification.
Currently, Worldcoin’s token, WLD, is sitting at a strong support level of $1.4. With growing interest in the project and its potential to reshape digital identity, I expect WLD to rally towards the $2.6 resistance by the end of the year.
As Worldcoin continues to develop, it could become a major player in both the crypto and tech landscapes.
SHIB Shiba Inu Potential breakoutIf you haven`t bought SHIB before the previous rally:
nor sold the top:
Analyzing Shiba Inu’s chart, it appears to be entering a phase of accumulation following the conclusion of a falling wedge pattern, which is often a bullish signal.
Given this setup, I anticipate a potential upward movement in SHIB over the next two weeks as buying pressure builds.
The price action suggests growing momentum, and I’m targeting the next key resistance level at $0.00001500.
This zone could act as a pivotal point for the next leg higher if the bullish sentiment continues to strengthen.
CTAS Cintas Corporation Options Ahead of EarningsIf you haven`t bought CTAS before the previous earnings:
Now analyzing the options chain and the chart patterns of CTAS Cintas Corporation prior to the earnings report this week,
I would consider purchasing the 220usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $8.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DAL Delta Air Lines Options Ahead of EarningsIf you haven`t bought the dip on DAL:
Now analyzing the options chain and the chart patterns of DAL Delta Air Lines prior to the earnings report this week,
I would consider purchasing the 50usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BX Blackstone Options Ahead of EarningsIf you haven`t bought BX before the previous earnings:
Now analyzing the options chain and the chart patterns of BX Blackstone prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2025-6-20,
for a premium of approximately $13.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
UAL United Airlines Holdings Options Ahead of EarningsIf you haven`t bought UAL before the previous earnings:
Now analyzing the options chain and the chart patterns of UAL United Airlines Holdings prior to the earnings report this week,
I would consider purchasing the 62.5usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $6.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gold Pauses Before Continuing Its Climb
Gold is currently on a dramatic "adventure." After a sharp rise to 2,735 USD, it seems to be taking a break around the 2,727 USD support level, as if it's catching its breath before climbing further to new peaks in the 2,750 - 2,767 USD range.
The EMA 34 and 89 are providing solid long-term support. However, remember that the gold market can be unpredictable, and a “slip” could happen if strong resistance is encountered.
Traders should keep an eye on U.S. bond yields rising amid geopolitical tensions in the Middle East and the U.S. election.
SILVER Will Go Lower From Resistance! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 34.118.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 30.110 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
USDJPY Will Go Lower! Short!
Take a look at our analysis for USDJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 150.710.
The above observations make me that the market will inevitably achieve 148.225 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!
EURUSD Is Trading Under The Pressure Of A Strong DollarHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08600 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08600 support and resistance area.
Trade safe, Joe.
GBPUSD Is Very Bearish! Short!
Please, check our technical outlook for GBPUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.304.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.298 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!
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83500 support and resistance area.
Trade safe, Joe.
SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so SILVER is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 32.444.
✅LIKE AND COMMENT MY IDEAS✅
NZD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Bearish trend on NZD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 88.374.
✅LIKE AND COMMENT MY IDEAS✅
CAD/CHF BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
CAD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.624 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the CAD/CHF pair.
✅LIKE AND COMMENT MY IDEAS✅
CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
CHF/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 173.206 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are now examining the NZD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.524 level.
✅LIKE AND COMMENT MY IDEAS✅
Expectations for Further Gains Amid Lower Interest RatesGold prices are currently in an uptrend and have broken through the $2,730 resistance level, heading higher. The technical chart shows that the price is continuing to maintain its upward momentum within the price channel, with the 34-day EMA and 89-day EMA supporting below. However, after hitting $2,740/ounce, the price has corrected to $2,720 due to a stronger USD and profit-taking.
News from China about the PBoC cutting interest rates is an important factor driving the gold market. Meanwhile, the Fed is expected to cut interest rates in November, creating expectations that gold prices will continue to rise in the long term, although there may still be short-term corrections when major central banks cut interest rates.
Gold Soars but Awaits a CorrectionXAUUSD isn’t just climbing—it’s soaring like a rocket. But wait, before continuing its adventure towards the 2,780 USD mark, the market might need to 'pause' around the support zone at 2,704 USD to refuel.
The EMA 34 and EMA 89 are acting like loyal guardians, protecting the bullish trend in gold prices. If gold doesn't turn back and continues its upward journey, the bulls might start preparing for a celebration.
However, don’t celebrate too soon; the market could 'flip' at any moment if it faces unexpected resistance. Traders must always be prepared for sudden turns to avoid being left behind!
Traders should also be cautious of ongoing instability in the Middle East and Federal Reserve interest rate policies, which could further drive gold prices higher.
Gold Price Rises Strongly Thanks to Geopolitics and Fed PolicyOn the chart, gold price has broken out of the resistance level at the $2,700 area and continues to maintain its upward momentum. The upward sloping trend line and the support of the EMA 34 and EMA 89 are further consolidating this trend. The possibility of gold continuing to move towards higher resistance levels is high.
Geopolitical factors from the Middle East, especially the tension between Hezbollah and Israel, are boosting the safe-haven demand for gold. At the same time, the monetary policy from the US Federal Reserve (Fed) with the possibility of cutting interest rates in November is also the main driver for gold to continue to grow.
In general, with a positive technical trend and support from macro news, gold prices are likely to continue to increase in the coming time.
DXY Will Move Lower! Sell!
Here is our detailed technical review for DXY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 103.495.
Considering the today's price action, probabilities will be high to see a movement to 102.219.
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!