Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Signals
TESLA Local Long! Buy!
Hello,Traders!
TESLA is going down now
But the pair is trading in an
Uptrend so we are bullish
Biased and after the stock
Retests the horizontal
Support of 232.00$ we
Will be expecting a
Local bullish rebound
Buy!
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XAUUSDHere is our overall progressive view on XAUUSD . Potential short opportunity.
As of now, XAUUSD is struggling to break 2650 . If we break above this level we could see higher highs and we will continue to the upside possibly to the ATH .
However ,
If we break below 2635 , we could see a downside move to 2624 . If that level is broken we can continue down to 2604 which we struggled to break last few days. A clear break below 2604 would result in deep pullbacks down to 2590 and below.
KEY NOTES
- XAUUSD is struggling to break 2650.
- Break above 2650 would result in higher highs.
- Break below 2635 would confirm sells.
- Break below 2624 could result in revisiting 2604.
- Break below 2604 would result in a massive downside move.
- Break below PBA would result in deeper pullbacks.
Happy trading!
FxPocket
NZD-USD Will Go Down! Sell!
Hello,Traders!
NZD-USD is going up
In a local bullish correction
But the pair will retest the
Horizontal resistance above
Of 0. 6144 soon and from there
We will be expecting a
Bearish continuation
Buy!
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Lingrid | GOLD continues to look Bullish. Long from SWAP zoneThe price perfectly fulfilled my previous idea. It hit the TP. OANDA:XAUUSD bounced off the psychological level after forming a double bottom. The price tested the resistance zone, where there had previously been an impulse leg downward, so we can anticipate a pullback from this level. Given that the market is in an overall bullish trend and has grabbed liquidity below the two-week lows, I expect this week to close between 2630 and 2660. Additionally, with high-impact news today, we may see significant fluctuations in the market. I expect a rebound from the swap zone and bullish move by breaking the channel. My goal is resisatance zone around 2655
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
JOHNSON & JOHNSON Excellent confirmed sell signalJohnson & Johnson (JNJ) gave us the most optimal buy entry on our last call (April 17, see chart below) and easily hit our 157.50 Target:
Having been rejected early in September exactly at the top (Lower Highs trend-line) of the 2-year Channel Down and now establishing price action below its 1D MA50 (blue trend-line), this is a confirmed sell signal and the start of the Channel's 5th Bearish Leg. The RSI Lower Highs are common on all previous Channel tops.
Our Target is 141.00, which is on the Internal Lower Lows trend-line (formed by the last 2 Lower Lows) and still above the 1.236 Fibonacci extension.
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SPX Will Go Lower! Sell!
Take a look at our analysis for SPX.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 5,780.02.
The above observations make me that the market will inevitably achieve 5,678.77 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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LTCUSD Will Go Up! Long!
Please, check our technical outlook for LTCUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 64.86.
Taking into consideration the structure & trend analysis, I believe that the market will reach 71.34 level soon.
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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GBPUSD Will Move Higher! Buy!
Here is our detailed technical review for GBPUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.307.
Considering the today's price action, probabilities will be high to see a movement to 1.312.
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.
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AUDNZD Is Bullish! Long!
Take a look at our analysis for AUDNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.104.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.108 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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USDHKD One of the best buys in the market.The USDHKD pair just formed a 1W Death Cross this week but the current 1W candle is a green one. The reason is that it is rebounding after reaching last week the 2-year Support Zone. We believe that we will see an aggressive rise next that will approach the Lower Highs trend-line. Our target is just below it at 7.82500.
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Lingrid | EURUSD potential Bullish TRADE from the SUPPORT zoneThe price perfectly fulfilled my previous idea. It reached the target zone. FX:EURUSD has tested the strong support level at 1.09000. Previously, the market made an impulse leg from this level. On the daily timeframe, the price formed a long-tailed candle, indicating rejection of this level. Additionally, the recent breakout of the market structure suggests that we are in a sideways movement. I believe we may see a bullish pullback from the support area, potentially pushing the price above the round number resistance at 1.1000. My targe is resistance zone around 1.10050
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
SILVER: Local Correction Ahead! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 31.45871$
Wish you good luck in trading to you all!
USDCAD Approaching our sell entry.The USDCAD pair has been rising since the September 25 Low, all inside a 2-year Rectangle pattern of a wide range. The 1D RSI is about to enter the 70.00 overbought zone and every time it has done so within this pattern, a little later it got rejected to at least the 1D MA50 (blue trend-line).
As a result, we will wait until 1.38500 and sell, targeting 1.36000 (which would be a -1.86% decline from the top, the minimum from the group of similar declines) or take the profit if the price hits the 1D MA50 before 1.36000.
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DXY: Strong Bullish Bias! Buy!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 102.950
Wish you good luck in trading to you all!
GOLD: Market Is Looking Down! Sell!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,634.800$
Wish you good luck in trading to you all!
GOLD Is Going Up! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,614.230.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,645.049 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.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD: Move Down Expected! Sell!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 1.09274
Wish you good luck in trading to you all!
UNIUSD Will it break above the ultimate Resistance cluster?Uniswap (UNIUSD) broke yesterday above its 1D MA200 (orange trend-line) for the first time since July 03 but failed to close above it. The reason is the presence there of another strong Resistance level, the Lower Highs trend-line started on the March 06 High.
Those two form the ultimate Resistance cluster and only a 1D candle close above both can confirm the start of a new long-term rally. Technically the pattern is a Channel Up since late 2022 and a new rally would be its Bullish Leg.
The previous Bullish Leg rose by +337.70% so if we get that closing confirmation, we will turn bullish again, targeting a Higher High at $20.000 (just below the +337.70% mark).
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EURCHF: Is That a Bearish Trap?! 🇪🇺🇨🇭
Looks like we have a nice example of a bearish trap on EURCHF:
after a violation of a key support level, the price formed a cup & handle pattern
and started to recover rapidly.
With the violation of the neckline of the pattern,
the price successfully returned above the broken structure.
It looks like the pair may continue growing now.
Goal - 0.9388
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GOLD is affected by the Middle EastAs recent jobs data prompted investors to lower expectations for a sharp interest rate cut by the Federal Reserve in November, and as tensions in the Middle East showed signs of easing, gold prices fell. strong but it seems this is just a profit-taking move and not a downtrend with solid conditions.
Following last week's positive jobs report, the Fed is expected to cut interest rates by 50 basis points at its November meeting, according to CME's FedWatch tool, the market currently predicts an 86.8% chance of a 25% rate cut. basic point.
Markets will focus on the minutes of the Federal Reserve's latest policy meeting to be released on Thursday, followed by US consumer price index data on Thursday and producer price index data on Thursday. out on Friday.
US inflation data due out on Thursday is expected to show price pressures continuing to ease, but there is little further push for the Federal Reserve to cut interest rates further in the meantime. next time. Therefore, the current gold price trend is temporarily governed by geopolitical developments.
On Thursday, the Federal Reserve will release the minutes of its September monetary policy meeting. The market will have additional trading materials from the meeting minutes. The Federal Reserve almost unanimously agreed to cut interest rates by 50 basis points at its September meeting.
In addition to the Federal Reserve meeting minutes, many Federal Reserve officials will speak during this trading day, including Federal Reserve Vice Chairman Jefferson, Fed Chairman Richmond Barkin, Fed Chairman Atlanta Bostic, Fed President Dallas Logan and Chicago Fed President Gu lsby.
Regarding the situation in the Middle East, Lebanese Hezbollah deputy leader Naim Qassem said in a televised speech at an undisclosed location on Tuesday that he supported the efforts of the National Assembly Speaker. Lebanon Berri aimed to promote a ceasefire without specifying Hezbollah's proposal. It is worth noting that this is the first time that Hezbollah does not consider ending the war in Gaza a prerequisite for ending fighting in Israel and Lebanon.
OANDA:XAUUSD known for its stability and as a tool to prevent geopolitical and economic risks, and when geopolitical risks show some signs of cooling down, gold also falls due to weakening shelter demand.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold is correcting but there are also signs of recovery from the EMA21 level, the key support level you will pay attention to throughout these publications.
With the main trend from the price channel and the EMA21 level not being broken below, gold's technical outlook still has conditions for price increases.
In the short term, holding above $2,608 – $2,600 provides room for gold to recover with the nearest target at $2,634 and more to $2,660 once it breaks above initial resistance at $2,634.
The relative strength index RSI points down with a moderate slope and is close to the area of the 50 level, the 50 level is considered the closest support level currently, the RSI pointing up from this level will be considered a signal price increase.
As long as gold remains within the price channel and above the EMA21, it still has enough upside and notable levels are listed below.
Support: 2,608 – 2,600USD
Resistance: 2,634 – 2,660USD
SELL XAUUSD PRICE 2646 - 2644⚡️
↠↠ Stoploss 2650
→Take Profit 1 2639
↨
→Take Profit 2 2634
BUY XAUUSD PRICE 2594 - 2596⚡️
↠↠ Stoploss 2590
→Take Profit 1 2601
↨
→Take Profit 2 2606