CADJPY GOING UP !!Reaching the uptrend ceiling ;
Taking a little longer to go up but will surely do ;
After that some zigzag and it will come back to the same levels.
Xauusd(w)
BEL in buyDue to fundamental 271 is under value
345 is over value
fundamentally to strong...
follow the chart no sl
if below 271-280 buy (average every -10% drop)
goldfollow the chart
we got only 15mins confrm pips use very low risk
sorry cant post below 15mins
buy from 1min entry
GBP/USD: Will NFP Make the Dollar Drop?GBP/USD weakens around 1.3010 during the European session on Wednesday, staying within a descending channel since September, as the market awaits key economic data, including the UK Autumn Budget, October’s ADP Employment Change, and US Q3 GDP. A close above 1.2975 could attract buyers, pushing the price toward 1.3050, while support remains at 1.2895. The pound remains vulnerable to potential negative economic surprises or restrictive fiscal measures announced in the Budget, as indicated by Prime Minister Starmer, which could increase volatility. Positive US economic data, especially on employment and growth, could strengthen the dollar and further push GBP/USD lower. I am currently long on GBP/USD from last week, aiming for a 1:4 RR. Currently, I'm at a 1:2 RR with SL at BE, so risk-free. Have a great day and happy trading, everyone!
GOLD → ATH Retest. Next $2800 or reversal? FX:XAUUSD is going to 2800 or??? The price is testing the ATH and does not show signs of reversal. A pre-breakdown consolidation is forming around 2758. Will there be another update of the highs?
Traders remain cautious ahead of Thursday's PCE release followed by jobless claims and NFP.
Profit-taking risks are increasing in both DXY and gold. It all depends on pre-news sentiment (background) as well as actual data.
The overall environment is complicated due to the US presidential race.
Gold is supported by the Middle East conflict, as well as hopes for more stimulus in the Chinese markets and economy.
Technically, gold is returning to the ATH, forming a pre-breakdown consolidation, hinting that there may be breakout attempts for further gains. Accordingly, as we are testing the ATH, we need to be ready for all eventualities!
Resistance levels: 2758, 2775
Support levels: 2745, 2728, 2724
Price has been in consolidation near resistance 2758 for the last 8 hours. It is gaining potential. Consequently:
1) If there will be an attempt to break through 2758 with the subsequent holding of the defense by the bulls above this area, then in the short term we should count on the continuation of growth to 2775-2800
2) IF a false breakout is formed and the price comes back down, forms consolidation below 2745, then further gold may go down to support before further growth.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
Gold price analysis October 30Fundamental Analysis
Gold prices rose to a fresh record high in Asian trade on Wednesday as uncertainties surrounding the US presidential election and Middle East conflicts continued to boost demand for traditional safe-haven assets. Additionally, a slight decline in US Treasury yields and weak US Dollar (USD) price action benefited the precious metal. The supportive factors, to a large extent, overshadowed the bullish market sentiment, which tends to weaken the commodity.
Even expectations of fewer rate cuts by the Federal Reserve (Fed) and higher US Treasury yields could not mask the underlying bullish sentiment surrounding non-yielding Gold. However, it remains to be seen whether buyers can build on the upside momentum amid mildly overbought conditions on the daily chart and ahead of key US macro releases. The data could provide signals on the Fed's interest rate outlook and determine the next step in the directional move for XAU/USD.
Technical Analysis
Gold is at an all-time high with expectations of retests to continue buying in line with the trend. The first areas of interest are the breakout zone at 2770, the next around 2761 and the last area of interest around 2745. These are the 3 important support areas with the aim of reaching the 2800 round port. Only consider scalping in the psychological price zones of 2785 -2790-2800.
World gold prices increased again, towards 2,800 USDSince the beginning of the year, gold prices have increased more than 34%, due to the conflict in the Middle East, the US Presidential election and the US Federal Reserve (Fed) reducing interest rates. Investors are currently waiting for a series of US economic data to be released this week, including the employment report and the personal expenditure price index (PCE) - the Fed's favorite inflation measure. These data may impact the Fed's interest rate decision at its meeting on November 7.
Markets currently place the probability of a Fed rate cut of 25 basis points (0.25%) next month at 98%. "Gold prices will still tend to increase, possibly even to 2,800 USD in the next few days, because the US election is still putting pressure on the market and the possibility of the Fed reducing interest rates is almost certain," Han Tan - market strategist at Exinity Group said.
🔥 XAUUSD Sell now 2778 - 2780🔥
✔️ TP1: 2760
✔️ TP2: 2750
✔️ TP3: OPEN
🚫SL: 2786
Gold price forecastWorld gold prices increase when the USD index decreases. Recorded at 9:00 a.m. on October 30, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,114 points (down 0.02%).
According to Kitco, world gold prices increased sharply, breaking the threshold of 2,780 USD/ounce when receiving many supporting factors. In one week, Americans will officially go to the polls to elect a new Congress and president. Information surrounding the election fueled instability in financial markets, causing investors to turn to gold as a safe-haven asset.
Increased safe-haven demand for gold has helped push gold prices toward all-time highs.
Today, several economic data could affect gold prices, including ADP employment data, third quarter GDP and US pending home sales. Monetary policy decisions of the Bank of Japan.
Economic data to watch this week include core PCE, personal income and spending and US weekly jobless claims on Thursday and US nonfarm payrolls and PMI measures manufacturing sector's economic performance on Friday.
🔥 OANDA:XAUUSD Sell now 2778 - 2780🔥
✔️ TP1: 2760
✔️ TP2: 2750
✔️ TP3: OPEN
🚫SL: 2786
Gold soared amid U.S. election instability and geopolitical riskSpot gold prices surpassed $2,770 on Wednesday as market participants sought safety ahead of significant data releases and the upcoming U.S. elections. The precious metal gained momentum before Wall Street opened, accelerating after the release of U.S. data.
The Conference Board's consumer confidence index rose to 108.7 in October, up from 99.2 in September. The present situation index increased to 138.0, while the expectations index surged to 89.1, well above the 80 threshold that typically signals an impending recession.
Personal opinion:
XAU/USD has pulled back slightly from a new high but is still holding most of its gains for the day, trading around $2,766. The technical indicators on the daily chart still suggest that a further bullish trend could continue, indicating the possibility of another price increase in the near future.
Pay attention to the price range:
Buy Zone: 2746 - 2744
SL: 2739
Buy Zone: 2760 - 2758
SL: 2753
Sell Zone: 2794 - 2796
SL: 2801
Gold expands its range, waiting for key U.S. economic data.USD buyers took profits after a three-month high, repositioning before key U.S. economic data. The JOLTS survey and Consumer Confidence data will be watched for insights on economic resilience and potential Fed rate cuts. Traders are cautious ahead of the PCE inflation index and Non-Farm Payroll report, as well as Q3 earnings from major companies like Alphabet, Meta, and Amazon, which are weighing on the USD.
Personal opinion:
If gold holds steady at $2,750, it could be a positive signal for optimistic traders. If it continues to rise, gold might surpass the all-time high around $2,759 and test the resistance level of the upward trend line that has been in place for nearly four months, around $2,770-2,775. If this momentum continues, we could see gold reaching the $2,800 mark.
Pay attention to the price range:
Buy Zone: 2727 - 2725
SL: 2720
Sell Scalp: 2758 - 2760
SL: 2765
Sell Zone: 2769 - 2771
SL: 2776
Possible gold Out lookAs in my previous anylisis i have told that Gold can rally upwards and it has broken its 4H channel and made a rally above Gold has performed like an Ubriddeled horse yesterday but it seems like the buyers have got exhausted as price has began to drop after taking resistance over 2780 level of physiological resistance also the confluence for predicting a big drop is price has made a rising wedge pattern which can be a possibility to drop the price of Gold in todays trading session on the other hand if price goes More Upwards it can stall over 2800 price level which is also a physiological resistance level also we have a fair value Gap and an order block of 4H on 2740 price level so technically i am waiting to buy gold from above 2740 level of support
Gold Price Rises Strongly Amid US Political Uncertainty ConcernsBased on the current factors, I see gold prices in an uptrend and trading within a solid bullish channel, with the EMA (34) and EMA (89) supporting below. The main driver is political uncertainty in the US, along with concerns about fiscal deficits and safe-haven demand amid geopolitical tensions. News of hedge funds buying an additional 15 tonnes of gold last week further reinforces this trend.
Currently, the price is at $2,778/ounce, but if it approaches the upper resistance line of the bullish channel, the price may correct slightly before continuing the upward trend. However, if the political situation continues to escalate, the possibility of breaking the resistance and reaching higher levels is very high.
Gold:$2700 in Sight Amid Falling Interest Rates & Rising TensionHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD
In the H4 timeframe, gold has touched the bullish trendline three times before continuing its upward trajectory. This consistent support underscores the strength of the bullish trend. Recently, the price formed a descending broadening wedge pattern followed by a breakout, signaling further bullish potential.
Over the past few days, gold has held strong above the upper trendline, increasing the likelihood of sustained bullish momentum. Additionally, the MACD has made a bullish crossover, indicating upward momentum. With these technical indicators aligning, we could see an exciting continuation of this upward movement toward Target Area 1 at $2,708, or even reaching Target Area 2 at $2,766. However, traders should watch the stop-loss level at $2,614 closely. A break below this level could give bears a chance to take control. Stay tuned and be ready to capitalize on these movements!
Fundamental factors support the bullish trend in gold prices. Global central banks are cutting interest rates to boost their economies, leading to weaker currencies compared to gold. Additionally, geopolitical tensions are escalating, exemplified by the unprecedented Israeli attacks on Lebanon and the killing of Hezbollah’s leader on September 27, which may provoke retaliation. This global uncertainty is driving investors to seek safe-haven assets, particularly gold.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. "
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Gold prices are on the rise today!Dear friends. Let's update and strategize with Ben today!
As predicted earlier, the gold price has made an impressive bounce to fill the gap, completely escape the sideways trend and end the parallel wedge pattern. At the time of writing, the gold price is trading below the 2758 barrier. The uptrend is very strong as it consolidates at a high level with stable trading activity on the 2-hour time frame.
On the other hand, the gold price may continue to increase due to the forecast that the US Federal Reserve (Fed) will cut interest rates 1-2 more times between now and the end of the year, along with the Central Bank increasing its gold reserve purchases. Due to these factors, it is contributing to making the market hotter than ever. Ben's prediction is that by the end of this week, the gold price will increase by at least about 40 USD, which is the 2780 mark, and even more.
Wishing you all a successful trading and earning lots of silver. Best regards!
300 pips target trading strategy !Gold price is falling at the beginning of the sixth, when the seller returns after not finding a firm foothold on the $ 2,740 static resistance threshold again. The attention is now switching to a series of new US economic data and speeches from the US Federal Reserve's policy makers to create a new motivation for gold prices.
Transaction plan:
Buy around the support level 2,720.
Price target: 2,758.
EURJPY DOUBLE SIDEReaching the uptrend limit and then a very high RSI, EURJPY will then proceed to fall ;
it will reach one of these KL, not sure which one, before regaining a low RSI and getting ready to go back up ;
some zigzag might be there as well when it reached the limit.
AUDJPY GOING UP SOONEven though we missed it a little as you can see on our blue line, we had the correct idea ;
AUDJPY is still correcting this massive gap and getting a little lower before getting up again and reaching the blue zone.
However the ground is not super strong and it could break and become an interesting short posision.
GBPJPY NEW HIGHER HIGHGBPJPY is still in an uptrend and looking for a new way down ;
some correction for now and a new HH in the next few days, that's what we think, but the ceiling is not really that strong so it could break and go even higher than the upper green line.
US100 NEXT STEPAfter a successful long entry for today, US100 will reach a HH, reaching at the same time a KL and an uptrend limit ;
Then it is to plunge back to re establish the RSI which will drop a lot, showing a new HH coming soon after.
Remember : this is a 1D uptrend case, no matter what happens, it is going up after.
XAUUSD H1The road to 2800 levels is open for gold
Gold was able to close strongly positively during today's trading session and the bulls control the markets
Accordingly, we are looking forward to buying from 2760 levels
With initial targets at levels: 2775
Second target: 2790
Third target: 2800
The stop is an hourly close below 2750 levels and a close below it
XAUUSD / OVERALL UNDER UPWARD PRESSURE / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
Current Trend and Demand Zone , After a price drop into a demand zone (between $2,733 and $2,727), the asset rebounded, yielding a 160-pip profit. The ongoing bullish pressure suggests further upward momentum.
Targets and Supply Zones , The price aims to reach $2,750 following a retest of the demand zone. Afterward, it may push into a supply zone ($2,754 to $2,758), with potential to hit a new ATH at $2,775 if the momentum continues.
Downside Risks , A breakdown below the current demand zone could indicate a decline towards a secondary demand zone ($2,722 to $2,717). A breach of this lower zone would confirm a shift to a downtrend.
Gold 1H Intra-Day Chart 28.10.2024Gold did push up which we did say would be a possible option. Currently at a new ATH of $2,774! Here is what I am looking for next;
Option 1: Gold bullish momentum now slows down & starts dropping towards $2,718.
Option 2: Gold pushes a little higher towards $2,785 next.
XAUUSD: Bullish trend still intact.Gold is heavily bullish on its 1D technical outlook (RSI = 67.558, MACD = 11.460, ADX = 25.892) as supported by the 4H MA50, it is approaching the top of the 3 month Channe Up. Compared to the two bullish waves before it, the 4H RSI shows that there is still at least another 2 days on this uptrend. Stay bullish (TP = 2,800) and sell on the first sign of rejection near the top.
See how our prior idea has worked out:
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