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Support and Resistance

XAU/USD: Today's Support, Resistance, and TargetsMarket Overview: Today, I conducted a detailed analysis of the XAU/USD pair, focusing on key support and resistance levels that will guide my trading decisions. 📊 Key Levels: **📉 Support Level: 2722 This is a critical level where buying interest is likely to emerge. **📈 Resistance Level: 2747 This level may present challenges for upward movement, potentially leading to selling pressure. 🎯 Trading Targets: Target 1: 2733 This is my initial target, where I expect price action to react. Target 2: 2725 This secondary target represents another opportunity for profit taking. 🔒 Risk Management: Stop Loss: 2748 A prudent stop loss to protect against unexpected market movements beyond the resistance level. 📈 Summary: Today's analysis indicates a cautious but strategic approach to trading XAU/USD. The identified support and resistance levels, along with clear targets and a stop loss, are designed to optimize trading performance while managing risk effectively.
OANDA:XAUUSD
by BinSalmanFundsReal
SLV eyes on $29.48: first/best of 3 possible supports for longsThis is in conjunction with my big picture Silver chart (click). SLV has had a significant pullback that may be done. Ended last week dancing on a pretty serious support. Ideally this is bottom, or should at least bounce a bit. $ 29.37 - 29.48 is the immediate and best support $ 28.83 - 28.89 is the next and moderate support. $ 28.37 - 28.40 should be strong and is CRITICAL. ================================================= .
AMEX:SLV
by EuroMotif
GOLD heads up into $ 2,700: long term target and possible "Top"Follow-up to my previous $2700 call (click). The uptrend has continued exactly as "expected". We are now approaching a "natural endpoint". Natural as in a Wave 5 that does not "extend". Even if 2700 is not the top, expect a pullback. Commodities are known for extended wave 5s. So very possible we go higher after a dip maybe. $ 2695.15 is a Golden Genesis fib, a BIG deal. $ 2710.21 is a local Golden and Wave ender. $ 2762.41 is the medium-term Wave ender. =========================================== .
OANDA:XAUUSD
by EuroMotif
USDJPY InsightHello, subscribers! Please share your personal opinions in the comments. Don't forget to boost and subscribe! Key Points - October 31: The Bank of Japan decided to keep interest rates unchanged. Governor Ueda mentioned that real interest rates are currently very low and added that they will raise policy rates as economic and price outlooks improve. - Iowa Polls: Following news that Harris is leading within the margin of error in Iowa, where Trump had a lead, we’re seeing a reversal in the "Trump trade." - November FOMC: The Federal Reserve is expected to implement a 25 basis point rate cut in this month’s FOMC meeting. - OPEC: OPEC and OPEC+ have postponed their production increase plans once again. Key Economic Indicators - November 5: U.S. Presidential Election, Reserve Bank of Australia rate decision - November 7: Bank of England rate decision - November 8: FOMC meeting results announcement USD/JPY Chart Analysis Although the Bank of Japan kept rates steady, hawkish remarks were made during the subsequent press conference, contributing to dollar weakness and yen strength, along with the "Trump trade" reversal. Currently, the price is forming around the 152 line. There’s a possibility of a further pullback to the 149.500 line; however, in the broader perspective, the likelihood of a rise to the 158 line is stronger. With the FOMC meeting and U.S. election this week, major factors will be in play. If the market direction shifts, I’ll swiftly adjust strategies.
Long
by shawntime_academy