Gold Sell Strategy: Targeting Profits at 2737 and 2730, with a DSure! Here's your translation with a more detailed explanation and key points highlighted:
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**"I have analyzed the trading chart today and set a target for gold sell. My first profit target is **2737**, and the second profit target is **2730**. Even if the price touches **2744**, it will eventually come down."**
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### Key Points:
1. **Trading Analysis**: You’ve done your analysis on the gold chart for the day.
2. **Sell Target**: Your first profit target for selling gold is at **2737**, and your second target is **2730**.
3. **Price Movement Expectation**: Even if gold briefly hits **2744**, you believe the price will eventually drop and come back down.
The idea here is that you're anticipating a downward movement in the price of gold, with two specific levels where you expect to take profit. You're also considering the possibility of a slight upward movement, but ultimately, you believe gold will fall.
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Support and Resistance
DeGRAM | GBPUSD rebound in the channelGBPUSD is moving in a descending channel between the trend lines.
The chart has already reached the dynamic support and the lower boundary of the channel.
The price has held above the support level.
We expect the rebound to continue in the channel.
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DeGRAM | EURGBP reversal patternEURGBP is above the descending channel between the trend lines.
The chart has broken the descending structure, but also formed a reversal harmonic pattern.
The price has already reached the resistance level and the upper trend line.
We expect a correction.
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BTC conclusionAnalysis by Ahmadarz📊
Key Observations:
1. Support Zone:
- 🛡️ A significant support zone is marked around 48,987.22, which has been tested multiple times as indicated by the green arrows.
- 📈 The price has recently bounced from this support, suggesting strong buying interest in this area.
2. Resistance Levels:
- 🚧 Multiple resistance levels are identified at 58,312.00, 62,497.20 - 62,454.00, 68,067.36, 71,773.98, and 76,514.94.
- ❌ These levels are marked with red arrows and have historically acted as barriers to upward movement.
3. Chart Patterns:
- 📉 A descending triangle pattern is evident, typically a bearish pattern. However, the price has broken below the triangle but then recovered, indicating potential bullish momentum.
- 🔄 The chart suggests a possible bullish reversal, with the price projected to move upward after holding above the support zone.
4. Price Action:
- 💹 The current price is 55,530.01, showing a recent recovery from the lows.
- 📊 There is a marked projection showing a potential upward move towards 76,514.94, passing through intermediate resistance levels.
Detailed Analysis:
- Bullish Scenario 📈:
- 🟢 If the support at 48,987.22 holds, the price could see a gradual move upwards.
- 🎯 Immediate targets would be the resistance levels at 58,312.00 and 62,497.20 - 62,454.00.
- 🚀 A successful break above these levels could lead to further upside towards 68,067.36 and beyond.
- Bearish Scenario 📉:
- 🔴 If the price fails to hold the support at 48,987.22, we might see a retest of lower levels, potentially around 43,103.08 or even lower.
- ⚠️ Failure to maintain above this critical support could indicate continued bearish pressure.
Trading Strategy:
1. Entry 🛒:
- Consider entering long positions near the support zone of 48,987.22 with a stop loss slightly below this level.
- Alternatively, wait for a confirmed break above the immediate resistance at 58,312.00 before entering a position.
2. Targets 🎯:
- Initial targets would be the resistance levels at 58,312.00 and 62,497.20 - 62,454.00.
- Extended targets could be 68,067.36 , 71,773.98, and ultimately 76,514.94.
3. Stop Loss🛡️:
- Place stop-loss orders below the support zone at 48,987.22 to manage risk.
Conclusion:
📊 The chart suggests potential bullish momentum if key support levels hold, with several upside targets. However, traders should remain cautious and watch for any signs of weakness at the support levels. External factors and market sentiment should also be considered in conjunction with this technical analysis. 🚀📉💡
Flare Crypto Currency to buy. Long-term investmentFlare Crypto Currency is a long-term investment now that the strong monthly demand level at 0.0119 took control. Expecting a decent rally from this demand level.
Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing dapps to serve multiple chains through a single deployment.
GBPUSD: Updated Support & Resistance Analysis 🇬🇧🇺🇸
Here is my latest structure analysis for GBPUSD.
Horizontal Structures
Resistance 1: 1.304 - 1.310 area
Resistance 2: 1.331 - 1.332 area
Resistance 3: 1.341 - 1.343 area
Support 1: 1.284 - 1.286 area
Support 2: 1.277 - 1.280 area
Support 3: 1.266 - 1.269 area
Vertical Structures
Vertical Support 1: Falling trend line
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
EURUSD falls towards 1.060 this weekOn the daily chart, EURUSD fell back quickly, and short-term shorts performed strongly. With Trump's election as the new president, a strong dollar is expected to come. At present, the short-term focus is on the 1.080 mark resistance. If the rebound is not broken, it is expected to continue to fall. The downside target is around 1.060. After breaking it, the support below is around 1.045.
GBPUSD → Negative fundamental background. Going to 1.2500FX:GBPUSD is reversing after a retest of strong resistance with no opportunity to enter the liquidity zone. The negative fundamental background is confirmed.
The dollar is flying upwards. News channels and not only already declare about the victory of Trump, whose policy is directed towards the strengthening of the dollar. Markets are starting to react accordingly.
As for GBPUSD, in the last article I focused your attention on 1.2813 and 1.305: If after a pullback to the resistance the price starts to retest the support, the chances of a breakdown and further decline will increase.
The fundamental background, formed at the moment, is favorable for the fall of the currency pair.
Resistance levels: 1.294, 1.30, 1.3044
Support levels: 1.2813, 1.2672, 1.25
The technical and fundamental background are going in the same direction. Emphasis on the key support. A slight pullback is possible before further breakout. Also continue to follow the news!
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;)
Regards R. Linda!
GOLD → The SMAs are hinting that it's about time ... News!FX:XAUUSD is forming a phase of correction, the reason for which is the change of fundamental background. The pressure from sellers is increasing, and the market is forming a key support at this time...
Disappointing NFP data was offset by hot wage inflation data. The U.S. labor market report failed to deter dollar buyers as it had limited impact on market pricing in Fed meeting expectations. Which had a negative impact on the price of gold...
All eyes are now on the US presidential election on November 5, and the outcome of the Fed meeting on Thursday. Markets believe that Trump's policy will put upward pressure on inflation, bond yields and the dollar, while if Harris wins, the dovish policy will continue.
Technically, traders are taking a wait-and-see approach. The price is forming a range, and most likely gold will trade inside this channel in the near term
Resistance levels: 2745, 0.5 and 0.7 Fibo, 2758
Support levels: 2731, 2724, 2713
SMAs are tending towards each other, which could be a mixed reaction from traders. Markets are prioritizing a Republican victory, in fact, this could intensify gold's correction. But the denouement of the presidential race is tomorrow! For now, the focus is on the flat boundaries!
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
APEUSDT → Is the dump still in progress? Emphasis on resistanceBINANCE:APEUSDT in the dump phase updates lows. Consolidation and a slight pullback is forming before important news from the US. There is a storm ahead!
The coin pump is most likely a manipulation of fundamental facts related to the launch of Level 3 blockchain. But based on the overall situation, traders do not believe in further growth ...
Technically, the coin is in the channel 0.963 (deeper 1.032) -0.900, accordingly, at the time of writing, prices are diving after bitcoin as markets are betting on Trump's victory, which puts a favorable wind on this market. But the outcome could be 50/50 as the politicians in the race go toe-to-toe...
I emphasize the range boundaries to form a short and medium term strategy for APE.
Resistance levels: 0.963, 1.032
Support levels: 0.900, 0.875
Technically, the primary target is resistance. Further we should consider a false breakdown with a possible decline to support, which may lead to a breakout and further decline to the zone of interest 0.733 - 0.695
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:APEUSDT ;)
Regards R. Linda!
GBPUSD → The bearish nature of the market is confirmed. News?FX:GBPUSD behavior on H4-H1 confirms the fact of a characteristic bear market. The price is updating the local minimum and testing a strong liquidity zone before strong news
NFP, Unemployment Rate, ISM PMI are published today. The range of expected data is quite wide. Analysts are expecting an aggressive decline in NFP to 106K from the previous 254K. Do you feel the manipulation before the Fed rate meeting, as well as before the U.S. presidential election?
It is difficult to prematurely assess the fundamental environment due to the challenging economic environment.
Theoretically, the dollar may continue to feel the support in the market, while GBPUSD is sliding downwards on the background of the UK policy.
Technically, the price is testing a strong support zone and a counter-trend correction is forming after capturing some liquidity. Emphasis on 1.300 - 1.305
Resistance levels: 1.298, 1.300, 1.305, 1.310
Support levels: 1.284, 1.281
The news can have quite a wide impact on the market and it all depends on the actual data. I expect to see a continuation of the fall from 1.298-1.30-1.305 as a priority. But! Unpredictable data can turn the situation around. If the currency breaks 1.305 and consolidates above this area, the trend may stagger...
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;)
Regards R. Linda!
NZDUSD → Speculators waiting for news.... FX:NZDUSD is moving into consolidation after a strong and progressive fall amid a halt in the dollar index. Markets are waiting for news related to the US presidential election....
The currency pair amid strong bullish DXY is not practicing attempts to update local highs with the aim of changing the trend to a bullish one. Buyers are not ready yet, and are waiting for November 5...
If Trump is elected, the dollar, supported by a pro-inflationary president, may continue to recover, which, accordingly, will manifest itself in the form of negative dynamics in the currency pair. But, most likely, with the election of a politician from the Democratic Party, the regulators are likely to continue to hold the dovish rate, in which case the NZDUSD will have a chance to change the trend.
Resistance levels: 0.6031, 0.6066
Support levels: 0.5953, 0.5915
Technically, bears continue to hold the dominant position. The area 0.5915, 0.585 is a zone of interest in terms of liquidity formation, thus, there is a high probability of reaching these areas...
Regards R. Linda!
GBP/JPY: Likely to Move HigherHi there,
The support zone of 197.545-197.464 needs to hold, and a higher low must form above it for a possible bullish continuation. The price is in a bullish trend on the daily and weekly timeframes, moving toward the 199.026 area.
Overall the price has low volatility with strong bullish volume; it will require monitoring.
Happy Trading,
K.
EUR/USD Technical AnalysisFxNews —The EUR/USD currency pair stabilizes above the 100-period simple moving average and the 1.084 immediate support level. This occurs as Stochastic records show a reading of 82, indicating that the Euro is overpriced in the short term. Additionally, the Awesome Oscillator histogram is red, suggesting that the bear market is strengthening.
Forecast
From a technical perspective, the bullish outlook remains valid as long as the price holds above the 1.085 support level. In this scenario, the next target could be the 38.2% Fibonacci retracement level at 1.093.
Please note that the bullish outlook should be considered invalid if the price dips below 1.084.
BTCUSDT is retesting channel breakout and may pump soonAs we said before 65K$ support zone is now major daily support and we can expect a valid retest of channel breakout and soon if this support hold heavy pump is expected and even new ATH is ahead.
Any breakout to the downside cause more fall to supports like 60K$ and even 50K$ and more range is ahead before new ATH which is long-term plan.
DISCLAIMER: ((trade based on your own decision))
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XAU/USD Remains Range-Bound Amid USD Strength and Geo TensionsGold (XAU/USD) continues its consolidative movement below the $2,750 mark as it struggles to break out of its current trading range during the European session on Wednesday. This sideways trend is supported by profit-taking in the US Dollar, which has slightly softened after reaching its highest levels since July. The slight pullback in US Treasury yields, alongside ongoing Middle Eastern geopolitical tensions, provides some demand for gold as a safe-haven asset.
However, the upside for XAU/USD remains limited due to strong bullish momentum behind the USD, which is underpinned by increased odds of a potential Donald Trump victory in the upcoming US presidential election. Additionally, concerns about the US deficit and expectations that the Federal Reserve may not adopt aggressive easing measures continue to bolster US Treasury yields, strengthening the dollar further. Given this backdrop, any positive intraday movement in gold is likely to be viewed as a selling opportunity , keeping the precious metal confined within its current range.
Thanks for your time <3
Trade with Cation !!
BTCUSDT wait for 83K$ and 95K$ as new ATHBTC is still bullish and more pump ahead.
As we said before after our descending channel break we are looking for heavy pump and here we are in phase two of this pump and soon we are looking for new ATHs like what are mentioned on the chart.
DISCLAIMER: ((trade based on your own decision))
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SILVER (XAGUSD): Important Decision AheadThe increase in SILVER price has halted after reaching a significant weekly resistance level.
On a 4-hour timeframe, there is a narrow horizontal range forming along with a rising channel, with the market already breaking the support line of the channel.
The last obstacle for sellers is the support within the horizontal range at 32.42 - 32.23 on the 4-hour chart. A break and close below this level would indicate a strong bearish signal.
There is a possibility of a retracement from this pattern, potentially reaching down to 31.44.
However, if the price breaks above the resistance of the range, we may consider looking for long positions.