Potential bearish drop?The Gold (XAU/USD) has reacted off the pivot and could drop to the 1st support which has been identified as a pullback support.
Pivot: 2,626.87
1st Support: 2,585.55
1st Resistance: 2,664.92
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USD
Bearish drop off pullback resistance?Ethereum (ETH/USD) is rising towards the pivot and could drop to the 1st support which has been identified as an overlap support.
Pivot: 3,524.74
1st Support: 3,217.92
1st Resistance: 3,713.01
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bearish drop?XAU/USD has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 2,627.88
Why we like it:
There is a pullback resistance level.
Stop loss: 2,655.19
Why we like it:
There is a pullback resistance level.
Take profit: 2,585.75
Why we like it:
There is a pullback sup [port level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop?USO/USD is reacting off the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could drop from this level to our take profit.
Entry: 70.64
Why we like it:
There is a pullback resistance level that lines up with the 127.2% Fibonacci extension.
Stop loss: 71.66
Why we like it:
There is a pullback resistance which lines up with the 127.2% Fibonacci extension.
Take profit: 69.35
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZD/USD LONGLong NZD/USD is supported by technical analysis based on key indicators that suggest a potential reversal or bounce in the price. On the 4-hour chart, the price is showing signs of consolidation after a long downtrend, with a favorable setup for a recovery.
The Alligator moving averages are still bearish, but the price is starting to consolidate near the lower level, suggesting a possible weakening of the bearish pressure.
The indicator below is showing a reversal from the oversold level (-50), with a positive bias, signaling a potential resumption of buying by the market.
Support and Resistance: The support level at 0.5700 has held so far, while the target area is visible near 0.5740-0.5760, indicating a reasonable profit window. The stop loss has been placed below the recent low to manage risk.
These elements suggest that the price may attempt a bounce in the short term. However, it is essential to carefully monitor the confirmation of the trend through a breakout of key levels and increasing volumes.
Potential bullish rise?The Bitcoin (BTC/USD) has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 92,651.63
1st Support: 87,516.30
1st Resistance: 99,246.82
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the Fiber bounce from here?The price is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 1.0335
Why we like it:
There is a pullback support level.
Stop loss: 1.0272
Why we like it:
There is a support level at the 61.8% Fibonacci projection.
Take profit: c
Why we like it:
There is an overlap resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Could the Silver drop from hereThe price is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support level which acts as a pullback support.
Pivot: 29.83
1st Support: 28.81
1st Resistance: 30.73
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BTC enters the parabolic stage of the bullmarketPredicting the tops and bottoms of Bitcoin - in a macro sense - is not that easy. But some indicators can give us a clue or kind of sense of caution warning when to exit or enter the market.
One of them is the "MVRV Z" indicator. It is a chart indicator that uses blockchain analysis to identify periods where BTC is extremely over or undervalued relative to its "fair value".
Historically it has been very effective in identifying periods where market value is moving unusually high above realised value. It also shows when market value is far below realised value, highlighted by the green lines. Buying Bitcoin during these periods has historically produced outsized returns.
This chart indicator is generally useful for predicting Bitcoin price at the extremes of market conditions. It is able to forecast where price may need to pull back when the score enters the upper red hot periods and also when price may rally after spending time in the lower green band.
Historically it has picked major Bitcoin price highs to within 2 weeks.
So far BTC has done a great job holding in the middle value band. It's in the stage of taking the next leap breaking out of it to the upside completing the bullmarket, also referring to past historical breakouts which happenend in similar fashion after a long lasting bearmarket.
Long term fot ETH could look insaneLooking at the long-term for ETH and assuming that we're putting 5 waves of i, of the highest degree of trend, we could be on an orgasmic wave 5 that IF equal to 1, which is often the case, could reach highs which go past the moon, on to Jupiter and beyond. Keep an eye on it, and let's see if the minor degree of trend of subsequent waves gives us confirmation. Follow for more.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26000 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26000 support and resistance area.
Trade safe, Joe.
Cosolidation Approaching The Main Downtrend on AUDUSDHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.62900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62900 support and resistance area.
Trade safe, Joe.
XAUUSD - 15m | SELL SELLSimple trading - Wyckoff Event
This is an extremely short-term pattern, and there is not much to explain here. Other than this, the pattern/event happens when the market makes a big dip and starts to consolidate. AKA "accumulation phase"
Expect the market to fall back down to the previous support area 2595-2585. After this fall the market should reject support and continue its bullish trend to ATH
EURUSD short-term trading set-upThe EURUSD pair has been trading within a Channel Down since the September 25 High and remains on a bearish course below the 4H MA200 (red trend-line) since October 01. The 1D RSI is displaying a huge Bullish Divergence, being on Higher Lows against the Lower Lows of the Channel Down, so long-term a strong bullish break-out is expected.
On the short-term though, we can take advantage of this Lower Lows fractal that has been formed another 2 times on this pattern and rebounds towards the 4H MA200. You can short towards the RSI's Higher Lows trend-line, take the profit and switch to buying just before it touches it and then target 1.04200 (expected course of the 4H MA200).
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Quick technical idea on EURUSDWaiting for a breakout through one of my key areas to consider the next short-term directional move.
FX_IDC:EURUSD EASYMARKETS:EURUSD
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAUUSD - Gold will welcome the holidays?!Gold is located between EMA200 and EMA50 in the 1-hour time frame and is trading in its short-term ascending channel. In case of a valid failure of the bottom of the channel, we can see the continuation of gold's decline and seeing the demand zone. Within the demand range of demand, we can buy with a suitable risk reward. If the upward movement continues, gold can be sold in the supply zone.
Without a doubt, 2024 has been the year of the US dollar. While high inflation continued to spread across Europe and other parts of the world in 2023, the Federal Reserve reported progress in controlling price growth. Similar to last year, other central banks have been more proactive in reducing interest rates, but the slow pace of inflation containment has delayed the Federal Reserve’s rate-cutting process.
Federal Reserve officials now anticipate only two 0.25% interest rate cuts in 2025. As a result, it is expected that the Federal Reserve will maintain a tighter monetary stance compared to other major central banks, except for the Bank of Japan, which is currently increasing its interest rates.
This decision follows previous rate cuts implemented earlier this year, including a 50-basis-point reduction in September and a 25-basis-point cut in November. Overall, these measures have resulted in a full 1% decrease in the benchmark rate, signaling a shift in the Federal Reserve’s approach to the current economic environment.
By lowering interest rates, the Federal Reserve aims to stimulate consumption while continuing to monitor inflationary pressures. Although these pressures have generally subsided, they have slightly risen in recent months. Nonetheless, the decision to reduce rates could benefit borrowers by lowering consumer interest rates, making it more affordable to buy homes, secure personal loans, or borrow funds in other areas. However, the implications extend beyond lending.
Adjustments to the Federal Reserve’s interest rates could create a complex environment for investors, particularly those drawn to traditional safe-haven assets like gold. Historically, the relationship between interest rates and gold prices has been inversely proportional. Lower rates typically increase gold valuations, as the reduced cost of holding non-yielding assets like gold makes it more appealing, thereby driving up demand and prices.
However, it is crucial to understand that the impact of interest rate decisions on gold prices operates within a broader network of interconnected factors beyond monetary policy. For investors considering adding gold to their portfolios, understanding this broader context is essential.
In addition to Federal Reserve policies, one key driver of the gold market is central bank purchases, particularly by emerging economies seeking to diversify their reserves. These purchases have recently reached historic levels, providing substantial support for gold prices. Global trade tensions, supply chain disruptions, and evolving industrial demand—especially from technology and renewable energy sectors—also add layers of complexity to the gold market.
In the first quarter of this year, India’s central bank recorded a net purchase of 77 tons of gold, followed by Turkey’s central bank with 72 tons, increasing the share of gold in its foreign reserves to 34%. Poland, with a purchase of 69 tons, was the third-largest buyer, while China, traditionally the largest gold buyer in recent years, ranked fourth with less than 30 tons.
BlackRock, the world’s largest asset manager, has predicted in its 2025 global outlook report that the coming year will be marked by increased geopolitical fragmentation and the formation of rival economic and political blocs. These developments are likely to accelerate the trend of de-dollarization and bolster gold purchases.
Moreover, the strength of the US dollar continues to play a crucial role in gold pricing. However, factors such as relative economic growth rates, trade balances, and international capital flows can overshadow this influence.For instance, the dollar may strengthen if major economies face significant challenges or if investors seek safe-haven currencies during market turmoil—even in a rate-cut environment.
Inflation expectations also strongly influence the gold market. While moderate inflation typically supports gold as a store of value, extreme inflation may shift investment patterns, potentially reducing demand if other assets offer higher returns. Changes in consumer demand, particularly from major gold-buying countries, can also impact prices. Additionally, seasonal trends, such as increased gold purchases during festivals or weddings in these countries, may contribute to price fluctuations.
Finally, US President Joe Biden signed a budget bill that will fund the government until mid-March next year, preventing a year-end shutdown. This legislation, recently approved by both the House of Representatives and the Senate, ensures government operations continue until the beginning of Donald Trump’s presidency next year.
according to 1hr time frame,
CAPITALCOM:GOLD
- **Sell Entry**: 2639
- **1st Target**: 2619 (Profit: 20 points)
- **2nd Target**: 2606 (Profit: 33 points from entry)
For better risk management, consider setting a **stop-loss** above a nearby resistance level (e.g., 2645 or 2650, depending on volatility).
Bearish drop off pullback resistance?The Fiber (EUR/USD) is rising towards the pivot which acts as a pullback resistance and could drop to the pullback support.
Pivot: 1.0464
1st Support: 1.0333
1st Resistance: 1.0600
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?The Swissie (USD/CHF) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 0.8868
1st Support: 0.8775
1st Resistance: 0.9019
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.