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ETHUSDT: Bearish Momentum Signals Further DeclineETHUSDT is showing clear bearish momentum on the 4-hour chart, with prices trading around $2,422. The downtrend is supported by the price consistently staying below the 34 and 89 EMAs, indicating strong selling pressure. The purple resistance zone around $2,490 has held firm, preventing any upward movement. As shown in the chart, ETH appears poised for further declines if it continues to respect this resistance level. Potential targets for the downside are near $2,360 and $2,280, aligning with recent lows. Traders might consider shorting opportunities if ETH remains below the resistance, with stop-losses set above the $2,490 level. Keep an eye on market sentiment and technical indicators to confirm the bearish outlook.
Short
by Sanhara
XAUUSD Hits the “Shield” of Resistance: Correction or Rebound?Currently, XAUUSD is facing a strong resistance zone at 2,748 USD/oz, with the 34 EMA acting as a “shield” that deflects buyers' recovery efforts. If the price fails to break through this resistance, it may correct down to the support zone at 2,720 USD/oz, with a potential further dip to 2,705. This area could offer buyers a chance to "get back in the game." The latest news adds fuel to the fire: Expectations that the Fed will maintain high interest rates are strengthening the USD, putting pressure on gold prices. However, pre-election uncertainty in the U.S. is boosting demand for safe-haven assets, which could trigger an unexpected rebound if tensions escalate. Suggested Strategy: Stay calm and observe price reactions as they approach support or resistance levels. This is a moment to exercise patience, waiting for clear opportunities, ready to seize the “wave of opportunity” when the market gives a clearer signal.
OANDA:XAUUSDShort
by Zola_Hello
1
GOLD 1H CHART ROUTE MAP UPDATE: FORECAST BEFORE THE ELECTION.Hi everybody, Identifying Support and Resistance Zones: Based on the chart, the key support zone is found near the 2,730 level, where the price has repeatedly rebounded. The resistance zone is around 2,750 – 2,760, where the price encounters selling pressure. Current Trend: It is evident that the price is in a slight downtrend following an unsuccessful recovery. Recent trading volume has not spiked significantly, indicating caution in the market. Short-Term Forecast: If the price breaks below the 2,730 support level with high volume, the downtrend could continue. Conversely, if the price holds and moves above the resistance level, a recovery rally may occur.
OANDA:XAUUSD
by Ademha
GOLD Will Go Higher From Support! Long! Please, check our technical outlook for GOLD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 2,740.91. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,791.34 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
FXOPEN:XAUUSDLong
by SignalProvider
1
BTCUSDT Based on the chart, here’s a concise bullish trading strategy: Key Support Zone: Watch the area around 68,500 USD, where the price is likely to retrace and rebound. Entry Point: Consider entering a buy position if the price touches the support zone around 68,500 USD and shows signs of a bullish reversal. Take Profit Target: Aim for 70,200 USD or higher, where the price previously reached a peak. Stop Loss: Place a stop loss below the support level at 68,486 USD to manage risk in case of a breakdown. This strategy anticipates that the support zone will hold, allowing the price to bounce back for the next upward wave.
by Sanhara
USD/JPY Decreases Slightly: Market Awaits Fed's DecisionHello everyone, Today, the USD/JPY exchange rate is experiencing a slight decline, currently around 151,92. This weakening is related to expectations of an interest rate adjustment by the Federal Reserve, along with caution ahead of key economic data and geopolitical conditions. I believe that the exchange rate may continue to fluctuate as new economic information is released and as further indications of upcoming monetary policy become available. Medium-term forecasts suggest that USD/JPY could recover, but this will depend on U.S. economic data and global developments related to the safe-haven demand for the Japanese yen.
by Ademha
XAUUSD : Gold price reverses Gold prices have taken a significant plunge, dropping $40.6 to $2,747.5 per ounce. This sharp dip comes as investors take profits after the recent strong rally. However, despite the drop, gold still managed to notch its fourth consecutive month of gains thanks to sustained safe-haven demand. From a personal perspective, it’s likely that gold is entering a consolidation phase. It’s not surprising to see traders cashing in as several upcoming events could impact gold's trajectory, including the U.S. elections and the Federal Reserve meeting. Still, underlying drivers like geopolitical tensions and uncertainties surrounding the election outcome continue to fuel demand for gold, keeping the market in a “buy-the-dip” mode.
OANDA:XAUUSD
by Pierce_Bowers
1
USDJPY today The USDJPY chart shows a clear downtrend after breaking out of the highlighted price consolidation zone. The pair initially held within a tight range (indicated by the shaded box), but a decisive bearish breakout occurred, signaling a shift in momentum favoring the sellers. The price is now trading below both the 34 and 89 EMAs, reinforcing the bearish sentiment. Key levels to watch include the immediate support around 151.454, which aligns with previous lows. The chart suggests further downside potential if this support level fails to hold. The projected arrows indicate potential retracement levels where price may attempt a short-term recovery before resuming the downtrend.
Short
by Pierce_Bowers
2
GBPUSD Hits Key Resistance: Selling Strategy in FocusGBPUSD is targeting a recent selling zone as it encounters resistance around the 1.304 area. Previously a strong support level, this point has now been broken and stands as a new resistance, posing a solid challenge for the bulls. Additionally, the notable recent recovery of the USD against the pound has made investors more cautious about trading against the trend. From my perspective, I’m sticking with a selling strategy as shown on the chart, with a take-profit level set at 1.268. Happy trading, and feel free to share your thoughts with me!
Short
by Pierce_Bowers
1
Gold Prices Rise, Promising Recovery After the ElectionHello everyone, The price of gold has risen slightly to $2,735 per ounce in the morning trading session on Monday after a slight adjustment over the weekend due to profit-taking pressure and a strong US dollar. The main driving force behind the increase in gold prices remains the political instability, particularly the ongoing election between former President Donald Trump and Vice President Kamala Harris, which is prompting investors to turn to gold as a safe-haven asset. Additionally, geopolitical tensions in the Middle East and prolonged inflation forecasts are also contributing factors supporting gold's upward trend. It is expected that gold price will continue to increase in the near future. The political instability and the need for deep assets in the context of global tensions will be the main driving force of this increase. If the economic indicators from the US are unfavorable, the gold trend may be further strengthened.
OANDA:XAUUSD
by Ademha
SOLUSDT Poised for Potential Upside Amid Market NewsSOLUSDT is showing positive signs based on technical factors and market news. The current support level at $153.54 is acting as a potential rebound point, aligned with a short-term upward trend. Investor focus is on recent developments in the Solana ecosystem and new partnerships within the decentralized finance (DeFi) sector. If the bullish momentum holds, the next target could reach the resistance level near $185, presenting a promising opportunity for further recovery.
Long
by Sanhara
Bitcoin Shows Upward Momentum, Targets Key ResistanceBitcoin (BTCUSDT) is displaying an upward trend, currently trading around $69,078 as it nears critical resistance levels. The chart suggests BTC is consolidating within an ascending channel, with immediate resistance expected around the $70,000 mark. A break above this zone could propel BTC towards the $72,755 target, signaling stronger bullish momentum. Analysts highlight that maintaining support above $68,730 is crucial for sustaining this upward move. Market sentiment remains cautiously optimistic, with traders closely watching for potential breakout signals in the coming sessions.
Long
by Sanhara
1
EURUSD Will Move Higher! Long! Here is our detailed technical review for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.083. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.099 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1