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Heading into overlap resistance?XAU/USD is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2,659.61 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 2,713.45 Why we like it: There is an overlap resistance level. Take profit: 2,577.91 Why we like it: There is a pullback support level that lines up with the 78.6% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
VANTAGE:XAUUSDShort
by VantageMarkets
1
Bearish drop?USD/JPY has reacted off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 153.766 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 154.91 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Take profit: 152.28 Why we like it: There is a pullback support level that lines up with the 138.2% Fibonacci extension. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
1
Could the Loonie drop from here?The price is reacting off the resistance level which is a pullback resistance that aligns with the 23.6% and the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.4087 Why we like it: There is a pullback resistance level that lines up with the 23.6% and the 38.2% Fibonacci retracement. Stop loss: 1.4177 Why we like it: There is a pullback resistance level. Take profit: 1.4008 Why we like it: There is an overlap support level that is slightly below the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
GBPUSD SHORT TO $1.24300 (UPDATE)Once again overnight (Asia session) GU shot back up again towards our Wave 5 entry zone, rejected it again & is running 70 PIPS in profit so far. Me & my Gold Vault Academy students understand that Wave 5 being the FINAL IMPULSE WAVE, means that wave will move slowly & trap in a lot of early buyers before it reaches its target. As an Elliott Wave trader, you need to learn to be generous with your SL as we are long term traders trading the higher TF’s, not scalpers👌
Short
by BA_Investments
USDJPY GAME PLAN WEEK 48After analyzing the forex market's COT report released last Friday, I have aligned my bias with the macroeconomic reports scheduled for this week. There are fewer key events compared to last week, but I am confident that the ones we do have are worth paying attention to. Now, let me explain why I consider USD/JPY to be a good long trade. First of all, the COT data revealed increased interest in a stronger dollar, further strengthening the already solid bullish sentiment. At the same time, all other currencies either showed increased long interest or reduced short interest—except for JPY. I avoid trading pairs that are on the same side of the market, as I aim to find as much friction as possible to create the volatility that we, as traders, thrive on. However, this alone is not enough. I will also follow the key reports and events this week, including: CB Consumer Confidence Preliminary GDP (q/q) Unemployment Claims Core PCE Price Index (m/m) FOMC Meeting Minutes Keep in mind that the U.S. market is closed on Thursday. I won’t wait for every individual release before taking action but will trade accordingly as opportunities arise. For instance, I plan to go long after the CB Consumer Confidence report, but not blindly—I will still base my entries on technical levels. However, the actual numbers in the reports will matter less. The reality is that sometimes a number that misleads the majority, combined with a strong underlying bias, can create a divergence with immense force behind it. I will provide updates as the week progresses. Trades might be held for two days or even throughout the entire week, depending on market conditions.
Long
by OssianH
5
GOLD FURTHER SELL OFF?! (UPDATE)After a strong 1,000+ PIPS sell off yesterday, bearish momentum is still holding strong on Gold & keeping prices down. Yesterday's sell off would be considered as Wave 1 of the Bearish correction, which means any minor wave 2 correction we see, this would be your chance to get into sell positions if you haven't already. I will be looking to get into further sell positions for my Gold Fund investors if market structure offers the opportunity. I will NOT be sharing my additional entries on here for free.
OANDA:XAUUSDShort
by BA_Investments
2
Xauusd | pathways Hey traders ! hope you are doing well -we have been seen the market and our last analysis which were based on educational analysis -So we are observing that market is stuck in the region and the point which we have been highlighted so basically there are 2 scenarios if market cross the 2630 area and candle closing above that structure then we will wait for the 2638.00 point which is seem as our next resistance level Although market is still in bearish circle we have been set on both ways possibilities so lets see what will happened! you guys can direct message us so we can give you our Public Telegram link channel for free
OANDA:XAUUSDShort
by professionaltradersfx
Keep your eyes on the PCE readingsCan DXY continue it's journey north? Or is it time for a bit of correction, allowing pairs like EASYMARKETS:EURUSD to reverse higher? Let's have a look. FX_IDC:EURUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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.
by easyMarkets
GBP/USD - H1 - Broadening Wedge The GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Broadening Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2532, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2442 2nd Support – 1.2375 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
5
NZDUSD forming a bottom?NZDUSD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 0.5825. Price action looks to be forming a bottom. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.5850 will confirm the bullish momentum. We look to Buy at 0.5825 (stop at 0.5799) Our profit targets will be 0.5885 and 0.5600 Resistance: 0.5850 / 0.5875 / 0.5880 Support: 0.5825 / 0.5815 / 0.5800 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURUSD Today's 1D Death Cross turning into a 3 month rally!The EURUSD pair is having a strong bullish reversal after marginally breaking on Friday below the bottom (Lower Lows trend-line) of the 1.5 year Channel Down. The 1W RSI got marginally oversold (below 30.00), which is a technical buy level. So far it is similar to the October 03 2023 bottom, which was formed on a 1D Death Cross, exactly the kind of pattern that is being completed today! That bottom initiated a strong 3-month rally that hit the 0.618 and 0.786 Fibonacci retracement level respectively. Our long-term Target is 1.08765 (Fib 0.618). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
AUD/USD: Consolidation Amid Strength in Both CurrenciesAUD/USD: Consolidation Amid Strength in Both Currencies The AUD/USD pair remained relatively steady last week, consolidating as both the Australian dollar (AUD) and the US dollar (USD) stood out as some of the strongest currencies in the forex market. While both currencies are supported by robust fundamentals, differing factors drive their respective strengths, creating an interesting dynamic for the pair. Strength in the Australian Dollar The Australian dollar’s strength stems from the Reserve Bank of Australia’s (RBA) ability to maintain its current monetary policy. With interest rates at 4.35%, the RBA faces less urgency to implement sharp rate cuts, supported by: - GDP Annual Growth Rate: Australia’s economy is growing at 1.00% annually, showing moderate but steady expansion. - Inflation and Employment: Relatively high inflation and low unemployment provide the central bank room to hold rates steady, balancing growth with price stability. These factors position the AUD as one of the more stable and attractive currencies among major forex pairs. The Resilient US Dollar On the other hand, the US dollar remains strong, bolstered by robust economic data and the Federal Reserve’s stance on interest rates: - Initial Jobless Claims (Nov. 16): Better-than-expected at 213K, indicating a healthy labor market. - S&P Global Services PMI Flash (Nov.): Surprising to the upside at 57.0, reflecting strong activity in the services sector. With US interest rates at 4.75%, higher than Australia’s, and diminishing prospects of immediate rate cuts, the USD continues to attract global capital. However, the dollar’s strength is moderated by seasonal trends and risk-on sentiment, which tend to favor higher-yielding and riskier assets like the AUD. Key Event Ahead for the AUD The most significant event for the Australian dollar this week will be the release of the Monthly CPI Indicator (October) on Wednesday. The market is anticipating a reading of 2.3%, which will provide crucial insight into inflation trends and the RBA’s potential policy direction. A higher-than-expected result could further strengthen the AUD by reducing expectations of future rate cuts. Seasonality and Risk-On Sentiment Seasonal patterns and a supportive risk-on sentiment are also aiding the AUD/USD pair. Investors’ appetite for riskier assets typically benefits the Australian dollar, which is closely tied to global growth and commodity markets. Conclusion AUD/USD is in a unique position as both currencies are supported by strong fundamentals. While the Australian dollar benefits from steady domestic conditions and inflationary pressures, the US dollar is bolstered by robust economic performance and higher interest rates. The upcoming inflation report in Australia will likely set the tone for the AUD’s near-term trajectory, while broader market sentiment and seasonal trends could favor continued consolidation or moderate gains in the pair. What are your thoughts on AUD/USD? Could the Australian dollar take the lead, or will the US dollar maintain its upper hand? Share your insights in the comments!
Long
by InvestMate
1
XAUUSD 25/11/24Following last week's shift into a bullish narrative, we remain bullish on the higher timeframe. This outcome was anticipated in our previous reports, where we noted that failing to interact with key areas appropriately would likely result in a bullish shift. As expected, the daily bias has also turned bullish, aligning with our forecast. We failed to engage with the liquid highs and areas of supply, resulting in a push upward and the establishment of a new upward trajectory. Currently, we have an unmitigated area of supply, representing a potential counter move. While this scenario is less likely, we are closely monitoring the area of demand at the base of the last major move. If the current upward trajectory breaks, this demand zone will be our focus. As always, if the price continues downward to the demand area and fails to hold, we will look for lower points within the current range. Our bias will remain bullish unless the daily timeframe bias shifts again. However, if there is no pullback—as previously mentioned—this will be a counter-trend move, increasing the likelihood of another upward expansion. This would target pre-established highs and potentially breach the area of supply. It’s also worth noting that there are several pockets of liquidity around the demand area, as well as liquidity above the major highs of our previous downward trade. Trade safely, stick to your plan, and always follow your risk management rules.
OANDA:XAUUSD
by PipSurfingSociety
EURUSD 25/11/24Starting the week a little later than usual with a markup on EUR/USD. Following weeks and months of bearish price action, we continue to anticipate further downside movement. This outlook aligns with our daily bias, which indicates a bearish trend. The market opened with a significant gap to the upside across most brokers, increasing the likelihood of the gap being closed. Additionally, there is an untapped supply area above the current price level. Two liquidity highs are situated above this area, suggesting a potential pullback to liquidate these levels. If this occurs, we will look for continued sell-side movement. However, pullbacks are not guaranteed during trending conditions. If the price continues to expand downward without retracing, our first target will be the gap left open at the market's opening. Beyond that, we will focus on the major low marked at the base of the current move. Please be mindful of key fundamental events this week, as they may cause a midweek shift in our bias. For now, our outlook remains bearish, and we are focused on identifying sell opportunities. Refer to the points on our charts for guidance on potential downside movement. If the supply area and liquidity highs are reached but fail to trigger a bearish shift, it may signal a deeper pullback on higher timeframes. Stick to your plan, manage your risk, and trade safely. Wishing you an amazing trading week!
by PipSurfingSociety
GOLD WHAT A BORING. PipGuard | THE GUIDE☀️ Good morning coffee to everyone! ☕ From where I’m writing, it’s morning—so, a real good morning to you all! How are you doing? I hope everything is great as always! 💖 Before we start... 📢 Let me ask you for a quick favor: give this a boost, a follow, and leave a comment! I share my market analyses for free, and as you know, they can be highly profitable 💸. Supporting my work takes just a moment, it’s simple, fast, and most importantly, free! Thank you, my friend! 🙏 Let’s talk about the market! 💹 For weeks, I’ve been calling for a gold correction, and guess what? BOOM ! Last night, the price dropped by a massive 600 pips . 🎯 Let me be upfront: I’m not a fan of this recent rally. 😑 It’s been driven by various factors—Trump’s election, global geopolitical tensions, and more. However, in my view, this correction isn’t over yet . And if it is? Don’t worry! PipGuard’s got your back, always offering comprehensive analyses for both directions. Technical Analysis: “Gold is boring!” 🤓 Yes, I know—it’s tedious. But it’s crucial! 💼 The market had the chance to correct as early as last Wednesday, but it chose to climb instead. Fair enough— let’s dig into the details: 📊 Timeframes analyzed: Weekly (WK), 24H, and 4H. 💥 Price action last night: a sharp drop. Last Friday, the market performed a liquidity grab at 2710 , just above my bearish entry (2712–2722). This was accompanied by: - A breaker block on the 24H timeframe - A bearish order block (30-minute timeframe) between 2715 and 2722. And voilà, the downward move materialized! What now? Here’s the breakdown. 📉 Bearish liquidity: spotted between 2676 and 2692 , close to our structural shift. This proximity makes further downside highly probable. But remember! We’re not wizards or fortune-tellers 🧙‍♂️—we operate based on statistical advantages, our true superpower. 💪 👉 Key level: 2650. - If the price stays above it, bullish continuation remains possible. - If it closes below (preferably with a full-body 24H or weekly candle), a further drop becomes likely, targeting 2525 , 2515 , and potentially 2480. 📈 Bullish scenario? Two possibilities: 1. The price reacts to the latest order block. 2. It pushes toward new highs. o wrap it up... If you found this analysis helpful, please boost, follow, and comment! 🚀 I dedicate a lot of time and effort to create these free insights for you—I don’t keep trades just for myself! 😉 Wishing you an amazing day and a great start to your week! 🌟 Best regards, PipGuard. 💼✨
FPMARKETS:XAUUSDShort
by PipGuard