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Technical Analysis

XAUUSD at Resistance: Breakout or Pullback?The XAUUSD chart shows gold striving to maintain its upward momentum from the support zone at 2,742.979. With the 89 and 34 EMAs providing solid support, prices are inching closer to the resistance level around 2,789.741. This is a key price area where sellers may ramp up pressure, potentially interrupting the current uptrend. If gold breaks through this resistance, it could trigger another leg up. However, failure to hold may result in a pullback to the 2,742.979 support zone. Investors are closely watching U.S. election uncertainties and the Federal Reserve’s policy direction.
OANDA:XAUUSD
by Zola_Hello
Bitcoin takes off when the Fed levelsToday, BTCUSDT tends to increase with this currency currently fluctuating around $ 69,400. The market predicts the Federal Reserve may temporarily suspend the interest rate increase cycle, capable of weakening the dollar and promote the attraction of Bitcoin as an alternative asset. In addition, the increasing investment of organizations in Bitcoin has contributed to the positive motivation for the cryptocurrency market. Technical analysis: BTCUSDT is currently checking the trend of increasing trend at a support level around $ 69,500. If the price is held on this trend and surpasses EMA 34 and EMA 89 (currently $ 70,765 and $ 70,768), the price increase will be strengthened. The next goal may be in the range of $ 72,000 - $ 73,000.
Long
by UnknownUnicorn86525521
EURUSD increased sharply: Target 1,095?Hello everyone! EURUSD is witnessing an impressive increase after a long decline, this pair of money has been stable around the threshold of 1,087 and has not shown signs of stopping. Looking at the time frames, the strong growth trend of EURUSD brings clear optimism. However, the current pair of money is under the resistance level immediately at 1,088. The passing of this level will lead to an increase in price while maintaining this level will lead to decreasing prices. With the current situation, it is likely that the 1,0857 milestone may be tested to check the reaction with EMA 34 and 89 lines before the market offers a more definitive direction. The upcoming goal? 1,090 and further than 1,095. I wish you a lot of luck and profit!
Long
by Bentradegold
2
BTCUSDTHello all dear traders! BTCUSDT is trending up today with the coin currently hovering around $72,300. Technically, although BTCUSDT is rising, there are clear signs of overbought conditions with immediate resistance at $73,300 and the higher high at $74,000 yet to be broken. This could lead to consolidation or a pullback in the short term. However, given the overall market structure, Bitcoin could be on the verge of exploding higher in the coming months.
Long
by UnknownUnicorn86525521
2
SasanSeifi| Dogecoin on the Rise? Hey there, ✌ In the daily timeframe, Dogecoin BINANCE:DOGEUSDT has entered a ranging phase following a lengthy downtrend, effectively maintaining the vital support level at 0.90 cents. As depicted in the chart, the downtrend line has been decisively broken, with the price currently trading around 0.11300. This shift may signal a potential reversal in market sentiment. 🔶If Dogecoin manages to maintain the crucial range between 0.10000 and 0.096, it is expected to target short-term goals of 0.12500 and subsequently aim for the 0.14 to 0.15 cent range. These levels are pivotal for reinforcing a bullish trend. 🔵As the price progresses, it’s crucial to observe Dogecoin’s reaction around the 0.12500 level and the liquidity zone at 0.14. The expected trend is outlined in the chart, and the overall outlook currently leans bullish. Nevertheless, vigilance regarding market volatility remains essential. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
Gold Futures Near the 2,800 USD MarkGold prices reached a peak of 2,788.89 USD/oz on October 30, fueled by U.S. election uncertainties and expectations of a Fed rate cut. Gold is surging, approaching the strong resistance level at 2,800 – a “wall” that could halt the rally and trigger a pullback. On the other hand, support levels at 2,747 and 2,717 are ready to act as “fortresses” if prices retreat to these levels. A smart strategy is to wait for the price to hit resistance for a potential short, or to buy at support, capitalizing on a possible rebound. Don’t forget to set a reasonable stop-loss – in this game, a single slip could shift the entire market landscape!
OANDA:XAUUSD
by Zola_Hello
EUR/USD: Opportunity to profit from resistance!Hello all dear traders! After yesterday's important economic news, we saw a pretty impressive breakout of EUR/USD, but the pair is currently trading slightly lower at around 1.084, down around 0.06% on the day. This downside correction is largely due to the USD rising slightly on positive signals from the US economy. However, there is an important supporting factor for EUR/USD: the market is gradually losing confidence in the possibility of a strong ECB easing in the near future. This helps limit the downside momentum of the currency pair, allowing EUR/USD to hold firm against the pressure from the USD. From a technical point of view, I see that EUR/USD could gain some more upside momentum thanks to the nearby 34 EMA, which acts as an important support zone in the short term. But! Any upside momentum is likely to face resistance at around 1.087 and is likely to correct back to support to test liquidity before a clearer upside momentum emerges. Wishing you all a successful and profitable trading day!
Short
by Bentradegold
1
EURUSD: The trend of increasing dominant!Hello all my dear friends, the third day has started, wish you lots of energy! Currently, the EUR/USD pair is stable around 1,0810 and works well on the price channel to 1 hour. Despite the US dollar consolidated in the early morning of Asia in Tuesday. On the other hand, the price increase of the US dollar shows some signs of fatigue when the dollar index (DXY) returns to the recent peak at nearly 104.60 before falling to 104.30 at the delivery session. The end of the translation ends, thereby supporting the continued increasing trend of this pair of money. I wish you a lot of profits!
Long
by Bentradegold
Gold prices fall from peak, $2,800 still in sight!Hello everyone! Gold (XAU/USD) has declined after hitting a fresh record high in the early European session on Wednesday and is currently trading around $2,782, still up 0.27% on the day. From a technical perspective, the overnight breakout above the trading range is seen as a fresh impetus for the bulls. The subsequent upside move has pushed the price of gold towards the extended rising trendline resistance, currently anchored near the $2,780-$2,785 region, which could act as a strong hurdle amid a slightly overbought Relative Strength Index (RSI) reading on the daily chart, suggesting a correction is possible. However, the uptrend remains intact and sustained strength above the said barrier could push XAU/USD further towards the $2,800 mark and beyond as indicated.
OANDA:XAUUSDLong
by Bentradegold