Get started

Supportandresistancezones

gold 2590 vs 50bps cutgold price were range bound in $60 price area but suddenly it breakout on wsj and ft news article on 50bps first cut size possibility. after years of ZIRP and QE big size cut can spark second inflation wave risk since usa economy has not reached into deflation like china this year alone fed has ignored second inflation wave risk two times first in march by saying January effect and inflation bump and second times in Jackson hole speech if fed start cutting rate while ignoring second inflation wave risk is the reason gold breakout the range and trading near $2590 on this h4 time frame - there are two support yellow line dynamic support $2530 static horizontal support if final message of speech stay dovish than gold will stay above $2590 if hawkish then price will retrace back to $2530
OANDA:XAUUSD
by Sangam-Agarwal
2
GOLD Will Remain Bullish Tomorrow As Well 100%!Hello traders, GOLD is expected to experience a very minor correction, presenting a buying opportunity. NO BEARISH OPPORTUNITY! Bullish Opportunities: We are anticipating two possible scenarios for gold prices; Scenario 1: Gold may experience a minor downturn to the $2576-$2573 range, where we will seek confirmation and consider entering a long position. Scenario 2: Alternatively, gold prices may extend their decline to the $2568-$2565 range. While this scenario has a lower probability due to the current buying momentum, it still presents a potential buying opportunity
OANDA:XAUUSDLong
by sabellaFX
1
Shall We See a Drop From Here before the bull trend continues?We don't have to Know What will Happen next to make money. We have seen some big moves from last week, such as breaking the 2531 level and creating a new All-time High. With some major economic News in the pipeline, this week will be another one with high volatility. Let's see how Price action rolls out this week. Note: (1) If the price breaks above 2585, we shall continue to ride the Bull trend. (2) If we see a bearish Price action we shall join bears in their short-term drop to key support levels. (3) Buying the dip shall be our long-term approach to keep riding with the Bulls.
FX:XAUUSD
by Mr-Gold
“Nasdaq Continues Its Uptrend”Expectations that the Fed will implement a 25 basis point interest rate cut next week are being maintained. This situation is perceived positively for the indices. By the end of the year, a total rate cut of 100 basis points is almost certain. The CPI and PPI data suggest that the Fed might not need to cut rates as aggressively as the market had anticipated. Technically, if the resistance level at 19,500 is permanently surpassed, the rise could gain momentum towards the 19,700 and then 19,950 resistance levels. On the downside, if the index falls below the 19,100 level, a pullback towards the support levels at 18,800 and then 18,450 might be seen.
NASDAQ:NDX
by primequotes
Intel - (Much) Lower from here!NASDAQ:INTC is about to create such a massive higher timeframe candle - a drop is immanent! Within one month, a setup played out and we are back to beginning. During the past 30 days, Intel rejected the support towards the upside with a move of +25% and immediately reversed the entire move. The monthly candle will close so bearish, I do expect a break below the current short term support, followed by a retest of the multi-year long support area. Levels to watch: $30, $26 Keep your long term vision, Philip - BasicTrading
NASDAQ:INTCShort
by basictradingtv
14
ETH/USDT Trading ScenarioAs of writing, the asset is trading near the support level of $2130. This level was established following a sharp decline and an attempt at a quick recovery. If this level is breached, further price drops are likely, with the next support level being the significant volume-based Point of Control level at $1585.25. This zone is attracting heightened attention from market participants, which may contribute to a price rebound. A break below the $1585.25 level could be seen as a potential buying opportunity, both for speculative and long-term investment purposes.
by Rick_SimpleSwap
"DAX Index Rises Ahead of ECB Meeting"In the U.S., the consumer price index increased by 0.2% in August, while the annual rise was 2.5%, aligning with forecasts. Following the drop in inflation, the likelihood of the Fed implementing a 25 basis point rate cut next week has risen to 85%. After this data release, market risk appetite increased, leading to intensified buying activity in the DAX index. Today, there is an expectation of a 25 basis point rate cut in the European Central Bank (ECB) meeting. Technically, on the upside if the price holds above the 18,500 resistance, buying could push the index first toward the 18,700 resistance and then to 18,900. if the 18,500 level is broken to the downside, a pullback could extend first to the 18,285 support and then to 18.075.
XETR:DAX
by primequotes
Silver is Rising!With the weakening of the U.S. labor market, expectations for a 25 basis point rate cut by the Fed remain intact. In this context, U.S. 10-year Treasury yields have turned downward. The dollar's depreciation in yesterday's session led to a recovery in commodities, supporting a rebound in silver prices from the 27.75 level. The inflation data to be released today will provide further clues regarding the extent of the Fed's interest rate cuts. From a technical perspective, if prices hold above the 28.90 resistance level, a rise to 30.0 and then to 30.80 could occur. On the downside, if the price falls below the 27.75 support level, it could decline to 26.75 and then to 25.70.
OANDA:XAGUSD
by primequotes
DAX Index Recovers Its Losses!Following the release of the U.S. non-farm payroll report, which came in below expectations, market risk appetite weakened. The DAX index also accelerated its decline, targeting the 18,257 support level. Expectations for a Fed rate cut have strengthened to 50 basis points, while the ECB is expected to lower rates by 25 basis points at its meeting this week. Technically, if the 18,285 level is broken on the downside, a pullback could extend first to the 18,075 support and then to 17,920. On the upside, if the price holds above the 18,500 resistance, buying could push the index first towards the 18,700 resistance and then to 18,900.
XETR:DAX
by primequotes