GOLD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
GOLD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 2,758.705.
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Buy
USDJPY Rallies as Strong USD Gains Momentum Following Trump EvenUSDJPY surged today, riding the wave of a stronger USD fueled by recent events involving former President Donald Trump.
Currently trading at 154.045, the pair shows no signs of slowing down, as a definitive peak has yet to be established. We anticipate a slight pullback to confirm the trend, after which buying opportunities are expected to present themselves for continued upward movement.
EUR/USD Faces Key Resistance, Downtrend PersistsThe EUR/USD pair is currently hovering around the 1.0720 level, with the primary trend still leaning towards a decline. The chart indicates that the euro’s recovery is limited by a key resistance zone, while international market factors are not yet providing enough support to generate a clear upward momentum.
Key Technical Analysis
Important Resistance Zone (1.0900 - 1.0936): This is a strong resistance level that, without significant upward pressure, will be difficult for EUR/USD to break. Sellers are likely to increase pressure in this area, hindering the pair's potential rise.
Support Level (1.0678): This support level serves as a critical buffer zone. If EUR/USD continues to drop towards this area, it could attract some buying interest, providing short-term support for a price recovery.
XAUUSD Faces Resistance: Pullback or Breakout?The 4-hour chart of XAUUSD on November 6 shows gold encountering strong resistance at 2,756.216 USD/oz, with the 34 and 89 EMA lines forming a major barrier.
If the price fails to break through this level, there is a high probability of a pullback to the support zone around 2,729.381 USD/oz, potentially dropping further to 2,717.105 USD/oz if selling pressure increases.
Investors should watch the price action at these support and resistance levels for informed decisions, especially as the USD remains strong due to monetary policy factors and geopolitical risks.
XAUUSD - Stable transactions around 2750 USDOn the 1-hour chart, gold is currently trading around 2,745 USD/ounce, testing a key resistance zone (highlighted in yellow). This level has been challenging to break, indicating that selling pressure remains strong in this area.
Key Points to Note
Resistance and Support: The current resistance at 2,748 USD is proving difficult to surpass. If gold fails to break above this level, a correction down to the support zone between 2,732 - 2,728 USD is likely.
Short- and Long-term EMAs: The EMAs indicate that the bearish trend remains in place, with selling pressure still dominant in the market.
If gold fails to break through the 2,748 USD level, we could see a drop towards the support area at 2,732 USD. However, if it manages to break past this resistance, the next target on the upside would be around 2,756 USD.
Huge Bullrun for Ethereum The support was strong and still taking its bullish over; bears are weaking.
Today is the election; Trump and RFK are the only 2 presidents who support crypto; if trump ever wins the election the whole entire crypto market will skyrocket;
Im not going to say much because we all know whats going to happen in the election;
Bitcoin will road to hit $95K or $100K .. but it will go alot higher.
Ethereum on the other hand will hit EUROTLX:4K , $6K and then $10K.
Buy at your own risk
BUY BITCOIN !! Everybody will be richPay close attention and i know dont like me being optimistic optimism.
I can feel it everybody this is the chance to buy bitcoin;
Buy it and hold it.. sell it around 150-180K somewhere around there but i am confident that bitcoin will hit $250K or possibly higher.
Its up to you when to sell your profits; if you buy with low lots youll hit thousand dollars profits or around 500$ profit..
Big lots you will hit big like more than $3K even in over 10K.
Buy bitcoin yall and when trump becomes president.. it will skyrocket that we have never seen before; i am inspiring everyone to see opportunity; not mountains that you cant see.
The support is strong and all i see is bullish huge bullish; if bitcoin hits all time high back to back then ETHUSD will hit $10K , SOLUSD will hit $1,000, Dogecoin will hit 1$ ..
Buy and hold it yall.. THIS.IS.IT
KO Coca-Cola and the E. coli outbreak linked to McDonald’sIf you haven`t bought the dip on KO:
Now you need to know that Coca-Cola (KO) could see a decline due to the E. coli outbreak linked to McDonald’s, as the two brands have a longstanding partnership, with Coca-Cola products being served widely in McDonald's restaurants.
Negative publicity impacting McDonald's could indirectly affect Coca-Cola by reducing in-store traffic, which may lower beverage sales.
Additionally, Coca-Cola's association with fast food means that consumer sentiment shifting towards healthier options could further impact sales.
If the outbreak spurs changes in public dining behavior, Coca-Cola may face a temporary decline in demand across other food service venues, potentially impacting its stock performance.
EURCAD Is Very Bullish! Long!
Please, check our technical outlook for EURCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.512.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.516 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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SNAP Options Ahead of EarningsIf you haven`t bought the dip on SNAP:
Now analyzing the options chain and the chart patterns of SNAP prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $1.01.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CHFJPY Will Go Higher! Buy!
Take a look at our analysis for CHFJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 175.805.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 176.531 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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SILVER SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are now examining the SILVER pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 34.252 level.
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EUR/USD is increasing and expected to tend to be higherAdemha greets everyone,
Currently, the EUR/USD exchange rate stands at around 1.089 USD per Euro. The outlook ahead leans towards a potential appreciation of the Euro, driven by several factors:
Monetary Policy: Although the U.S. Federal Reserve (Fed) maintains a tightening stance, there is anticipation that pressure to raise interest rates will gradually ease if inflation continues to cool. This could weaken the Dollar, allowing the Euro to recover.
Eurozone Economy: If economic stimulus measures in Europe or improvements in the service and industrial sectors prove effective, the strength of the Euro could increase.
Forecast: The Euro is likely to rise if economic conditions in the Eurozone improve or if the Fed adopts a more dovish policy by 2025, creating a favorable environment for the exchange rate to reach higher levels in the medium to long term.
EURUSD: Recovery in Sight Following Prolonged DowntrendThe EURUSD pair has shown signs of recovery after an extended downtrend, aligning with Dow Theory’s principles of reversion to the mean. Key market factors, including recent U.S. dollar weakness due to speculations around the Federal Reserve’s future rate decisions, have contributed to this upward movement.
On the provided chart, EURUSD is bouncing back towards the 0.5 and 0.618 Fibonacci retracement levels, which correspond to the 1.09341 – 1.09875 range. These levels serve as immediate targets for a potential bullish retracement, indicating a zone where traders might look for resistance.
This recovery aligns with technical indicators and could attract buying interest as long as the price sustains its position above the recent lows. Keep an eye on economic updates and Fed statements, as they could further influence this recovery phase.
BNBUSDT todayBNBUSDT is currently trading around $561.56, and it remains within a descending channel, showing clear bearish sentiment. However, a short-term rebound may be on the horizon as the price has reached a key support zone around $550, which could trigger a temporary upward movement.
The chart indicates a potential bounce towards the resistance area around $578.63. If this level holds, it would provide a good opportunity for sellers to re-enter, possibly driving the price back down toward the channel's lower boundary.
USDJPY Analysis: Buy to win ? The USDJPY pair is showing a bullish structure, with prices currently around 152.29. The chart indicates a recent rally, but price action now suggests a potential pullback before resuming the uptrend. The immediate support zone lies around the 149.41 - 149.56 area, which could act as a solid base for a bounce.
The technical setup indicates that, after a pullback to this support level, USDJPY could rally towards the next significant resistance target at 158.64. The moving averages are also aligned in favor of the bulls, providing additional confirmation of upward momentum in the medium term.
Traders might consider waiting for the price to test the support zone before entering long positions, aiming for the 158.64 target. This pullback could present a good buying opportunity, aligning with the overall bullish trend.
Gold Prices Rise: Investor Hopes After U.S. Election?Hello everyone,
Currently, the global gold price is experiencing a slight increase, standing at around 2,736 USD per ounce. In the last week of October and early November, gold prices have seen significant fluctuations due to economic and political factors.
Gold prices have rebounded as investors are actively buying. In my opinion, investors are optimistic that the precious metal's price will rise significantly following the U.S. presidential election, taking place on November 5th. Additionally, the precious metal seems to be supported by the ongoing conflict in the Middle East and the expectation that the Federal Reserve (Fed) will further cut interest rates at the upcoming policy meeting on November 7th.
The short-term outlook suggests that gold may continue to rise, bolstered by economic and political uncertainties, along with the potential for the Fed to further ease monetary policies.
GBPUSD Faces Key Resistance – Will Sellers Take Control?The GBPUSD pair is currently experiencing resistance as it trades near the 1.2975 level. After a brief recovery, the price is now approaching a critical resistance zone, highlighted in yellow on the chart. This area is where sellers are expected to defend aggressively, with the EMA lines reinforcing the bearish outlook.
Technical indicators point to a potential downward move from this resistance level. The projected target, marked in green at around 1.2691, represents the next significant support. If GBPUSD respects the resistance and begins to fall, this level could provide a likely area for price consolidation or a potential bounce.
Traders might consider a short position if the price remains below this resistance, aiming for the 1.2691 support area, while keeping a close watch on any signals that might indicate a trend reversal.
SOLUSDT Faces Bearish Pressure Amid EMA RejectionToday, SOLUSDT is trading near $160.91, with the trend clearly tilted downwards. Price has encountered resistance around the $164.77 - $166.34 zone, where it has repeatedly failed to break above the EMA lines, signaling bearish dominance.
The rejection from these EMA levels highlights a lack of buying strength, keeping sellers in control. This trend suggests potential further declines, with the next target support level in the $148 - $149.33 range. Should this level hold, it may spark a short-term recovery. However, as long as SOLUSDT remains under the EMAs, the outlook stays bearish.
Gold Price Today: Short-Term Sell Opportunity ?Hello everyone, let’s dive into today’s gold price analysis!
I’ll be focusing on the 1-hour chart to analyze and strategize. Currently, gold is trading around the $2,733 mark, showing a gradual downward trend.
The downtrend is further confirmed as the price moves within a descending wedge, with lower highs and lower lows forming consistently. Additionally, the 34 and 89 EMAs provide strong signals favoring sellers.
In my view, a short-term sell strategy seems promising. What do you think?
Share your thoughts in the comments below!