Gold Next Move? Buy or Sell!!Go through the analysis carefully, and do trade accordingly.
Resistance- 2628-2631
Resistance-2643-2646
Resistance- 2651-2655
Support-2595-2588
Support-2571-2568
Strong support area- 2550-2555
Gold Signal Daily for the week
Current price- 2621.6
Advice-For Buying
Buying area= 2588-2580
For selling
Best selling area= 2643-2650-2651
-POSSIBILITY-1
If 2635 break and sustain then you can sell gold with retest target will be 2643-2646-2655
-POSSIBILITY-2
If it breaks 2610 and sustains then you can sell gold with retest target will be 2591-2585
SELL
SILVER Is Going Down! Short!
Take a look at our analysis for SILVER.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 30.843.
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 30.078 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.
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GBPUSD Will Fall! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.335.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.322 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.
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NZDCAD Will Go Lower From Resistance! Short!
Here is our detailed technical review for NZDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.846.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.844 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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SILVER SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 29.085 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 SILVER pair.
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GBPJPY H4 Analysis And Route Map For Next MovePair Name = GBPJPY
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPJPY got good volume and moved well from last 2 days. Exactly on the way as predicted. It will hit a strong resistance level around 193.4 to 195.5
Price level.
Bullish Targets :-
193.400
195.450
Bearish Target :-
191.0
190.0
EMA 5 Cross over.
191.7
192.0
AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.675 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the USD/JPY with the target of 141.931 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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SOLUSDT: Increase while the price is still decreasing?Currently, SOLUSDT is trading within a descending channel, with significant selling pressure keeping it in check. From the chart, we can clearly see the strong support zone (super support) between $120-$130, which has been a key level where SOLUSDT has bounced multiple times in the past.
At this point, it’s likely that SOLUSDT may continue to correct and test this support zone again before making a stronger move upward. The resistance around $180 has yet to be broken, indicating that the longer-term downtrend remains intact. If SOLUSDT fails to break the descending channel, we could see further downside movement towards the support zone before a potential rally.
Forecast: SOLUSDT is likely to experience a slight pullback towards the support zone before possibly gaining momentum for a bullish rebound.
Market sentiment and macroeconomic news will continue to influence this trend, especially as the cryptocurrency market faces ongoing volatility. Stay alert for any developments that might shake up the charts!
Gold is waiting for something to correct?Hello everyone, What do you think about gold prices?
Currently, gold prices today continue to show strength as gold is trading around $2629. It is clear that the metal is still showing strength based on the breakout last week.
The reason for the increase in the metal is that the looser-than-expected monetary policy of economists and the forecast of further cuts boosted the demand for gold, a hedge against risk. However, the US 10-year government bond yield increased, making the gold market more cautious. At that time, a clearer view of the direction of gold will become clear.
Today we have some important milestones:
XAUUSD sell zone 2650 - 2652
XAUUSD buy zone 2629 - 2627
Latest GBP Update Today: Price Continues to Rise StronglyConan, hello everyone!
Currently, we are continuing to see a steady rise in GBP, having reached 1.3317 and the bullish momentum is expected to continue soon.
On the price chart, an ascending trend line has formed along with the support of the 34 and 89 EMAs, indicating the potential for GBP to continue rising without any significant reversals. The immediate resistance to watch is at 1.3325, with the upper resistance of the price channel at 1.3400.
Gold Trend Continues to Rise Amid Volatile MarketsAmidst volatility in global markets due to new monetary policies, gold prices continue to show strong bullish momentum. Currently, gold is trading at $2,627.36, surpassing both the 34-EMA and 89-EMA moving averages, indicating a solid uptrend.
According to technical analysis using Bollinger Bands, gold prices have broken above the upper band, indicating that the market may be in the preparation phase for a new rally. The middle line of the Bollinger Bands, which is currently acting as a support level at around $2,605.98, could further consolidate the bullish momentum if prices continue to hold at this level or higher.
Investors should keep a close eye on the next resistance levels, especially the $2,660 level, where selling pressure may emerge. A pullback could be an opportunity to buy, with the stop loss not further than the support at $2,560.96 to preserve profits in case the market reverses.
Gold prices continue uptrend from $2600Conan, hello everyone!
Today, gold prices continue to show strength, maintaining an UPtrend with an important resistance level at $2636, but have not been able to break it yet. Currently, gold is trading around $2629, up slightly by 0.03% on the day.
In the coming time, this uptrend is likely to continue, supported by the Fed's decision to cut interest rates and geopolitical uncertainty. Technically, $2602 is forming as an important support in the uptrend channel. After consolidating here, we can expect gold prices to reach the first profit-taking target at $2690, corresponding to the Fibonacci level of 1.618.
Stay tuned to capture these potential trading opportunities!
BB BlackBerry Limited Options Ahead of EarningsIf you haven`t bought BB before the previous earnings:
Now analyzing the options chain and the chart patterns of BB BlackBerry Limited prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2025-3-21,
for a premium of approximately $0.31.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
JEF Jefferies Financial Group Options Ahead of EarningsIf you haven`t bought JEF before the previous earnings:
Now analyzing the options chain and the chart patterns of JEF Jefferies Financial prior to the earnings report this week,
I would consider purchasing the 62.50usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $2.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
COST Costco Wholesale Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of COST Costco Wholesale Corporation prior to the earnings report this week,
I would consider purchasing the 907.5usd strike price Calls with
an expiration date of 2024-9-27,
for a premium of approximately $20.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
KMX CarMax Options Ahead of EarningsIf you haven`t sold KMX before the previous earnings:
Now analyzing the options chain and the chart patterns of KMX CarMax prior to the earnings report this week,
I would consider purchasing the 70usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $4.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ETHUSDT : Price increase but not stable!Hello traders, let’s dive into the analysis of ETHUSDT together!
For today’s review, I’m focusing on the 1D chart, where the price is currently hovering around the $2,656 level.
Trend Overview:
ETHUSDT is showing signs of recovery, with nearly a 3% increase today. While the short-term trend is bullish, it’s clear that the broader, long-term downtrend hasn’t fully played out yet.
However, there’s reason to be optimistic. We could be on the verge of another upward movement as the pair gears up for the next correction, supported by the formation of two higher lows.
I expect ETH to rise again, gaining momentum from the marked support level.
Happy trading, and good luck!
XAUUSDConan, hello everyone!
Gold (XAU/USD) maintained its bullish momentum and traded at a fresh record high above $2,610 on Friday. Rising expectations that global central banks will follow the Fed in easing policy and cutting interest rates have boosted XAU/USD.
However, a close look at the short-term chart shows that the yellow metal is struggling to capitalize on the immediate support at $2,618 to break above the resistance at $2,625 ahead of the weekend. Both the short-term and medium-term outlooks suggest that the bears are gradually gaining strength. The Relative Strength Index (RSI) is trending down in the bullish zone, indicating a potential momentum shift and a resumption of the correction. Current support is at $2618, if this level is broken the price will drop rapidly towards the targets to watch at $2610 and $2605.
EU extends uptrendConan is happy to see you all again.
Currently, there are signs that the EURUSD market is bullish, with the level trading around 1.1160. Looking at our 4-hour chart, we can see that the EU has broken through the downtrend line and started to rise from 1.1068.
If the price holds 1.1175, the next forecast is likely to be a drop to around 1.1130 in line with the correction and test of the 34.89 EMA. At this point, the EU will receive strong support, which will help the currency reverse and increase in value to new highs.
Good luck to all of you and successful trading!
Should I buy or sell EUR/USD today?Hello everyone! Today, let's follow the latest developments of the EUR/USD pair!
Currently, EUR/USD is still maintaining an upward trend, holding below 1.1078. Despite a slight correction on Monday from 1.1200, there is nothing to worry about. Because in the short to medium term, the market sentiment remains very optimistic amid a weakening US dollar around the signals of expected 4 rate cuts this year, thereby supporting the currency pair.
On the other hand, if EUR/USD finds support around 1.1068, I believe it will continue its upward momentum and may break the target level of 1.1200, paving the way for a journey to conquer new highs.
That's my opinion! Do you agree? Share your thoughts!
GOLD Will Go Lower! Sell!
Please, check our technical outlook for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 2,619.66.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,573.71 level soon.
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.
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GBPJPY H4 analysis & Trading Route MapePair Name = GBPJPY
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPJPY got good volume and moved well from last 2 days. Now this is ready for small drop and there we can see it will hot a strong support level around 190 to 190.5
Price level.
Bullish Targets :-
193.400
195.450
Bearish Target :-
191.0
190.0
188.9
EMA 5 Cross over.
191.4
191.2