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GOLD Will Grow! Buy! Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2,782.14. The above observations make me that the market will inevitably achieve 2,800.00 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. Like and subscribe and comment my ideas if you enjoy them!
FX:XAUUSDLong
by SignalProvider
1
Gold Prices Surge, Testing the 2,800 Resistance LevelGold reached a peak of $2,771.61/oz on October 29, driven by political uncertainties and expectations of a Fed rate cut, climbing 0.9% to $2,766/oz. Currently, gold remains in a strong uptrend, approaching the critical resistance level at 2,800 – a barrier that could put pressure on further growth. However, the support zone at 2,700, along with the trendline, acts as a potential “launchpad” if there’s a slight pullback. A smart strategy is to wait for a pullback to this support zone to buy in, capitalizing on a possible rebound. Don’t forget to place a stop-loss below the support level, as in this game, a single slip could shift the entire market landscape.
OANDA:XAUUSDLong
by Zola_Hello
EUR/USD Consolidates Before Continuing UptrendBased on the EUR/USD chart, there are signs of a "Cup and Handle" pattern forming. The price is currently fluctuating around the resistance at 1.0826 and the support zone near 1.0770. The trend suggests that the price will likely continue to move in a narrow range before it can break the resistance and move into the next uptrend. If the price breaks this resistance, we can expect a strong increase, but in the short term, the fluctuation in this zone will continue.
by Naoomi
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.
OANDA:XAUUSD
by Naoomi
1
NAS100 Will Go Up From Support! Long! Take a look at our analysis for NAS100. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 20,379.97. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 20,800.00 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!
ULong
by SignalProvider
2
GBPJPY Will Move Higher! Buy! Take a look at our analysis for GBPJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 199.119. The above observations make me that the market will inevitably achieve 199.813 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Gold Targeting 2,758 - Buying OpportunityGold (XAUUSD) is in an uptrend, reinforced by the EMA (34 and 89) lines below the price and a strong upward trendline as support. The key resistance level at 2,758.006 is likely the next target. If the price slightly retraces to the trendline and rebounds, or if it breaks through this resistance, the uptrend is expected to strengthen. This presents a potential buying opportunity if the price reacts positively at the trendline or gives a clear breakout signal at resistance. Investors should monitor upcoming economic events, as these could cause significant volatility in gold prices.
OANDA:XAUUSDLong
by Zola_Hello
USDJPY Is Going Up! Long! Take a look at our analysis for USDJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 151.777. The above observations make me that the market will inevitably achieve 153.232 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
3
USDJPY: Correction Phase Targets Key Resistance at 153.846 USDJPY is currently undergoing a corrective rise after yesterday's decline. While the downtrend is still in play, buyers are showing strength as the previous drop appears to be a trend correction, filling the price gap, just as anticipated in my previous forecast. From a longer-term perspective, USDJPY remains above the active levels of the EMA 34 and 89. The immediate target is set at the resistance level of 153.846, with potential for further gains if this resistance is broken, turning it into new support for USDJPY.
by Pierce_Bowers
GBPUSD: Short-term selling strategy !Hello everyone! Let’s dive into today’s analysis of the GBPUSD pair and explore what’s happening in the market. On the 1-hour chart, GBPUSD is experiencing relatively low volatility, trading around the 1.296 level. Here’s a breakdown of the key elements to consider: Trend Overview GBPUSD remains under selling pressure with a clear downtrend in place. The recent rebound of the USD since the beginning of the week has added extra resistance to the British Pound’s recovery. Market Sentiment Investors are cautiously optimistic about potential Fed rate cuts, but with no immediate action expected, the preference leans towards a selling strategy. This bearish outlook is currently favored as a profit-making plan. Technical Insights EMA 34 & 89: These indicators show slight reversals but with minimal volatility, favoring the overall bearish trend. Double Top Pattern: A recent double top formation signals strong selling pressure, with bears actively defending the downtrend. Price Action: The price is moving toward lower profit targets, while also testing for new bullish momentum at marked support levels. Based on these factors, I’m leaning towards a “sell on rallies” strategy. How about you? What’s your take on GBPUSD today?
Short
by Pierce_Bowers
EURUSD : Short Term Trading Strategy TodayToday, EURUSD is moving around the 1.081 level with a clear technical setup suggesting potential short-term scenarios. The chart highlights two main zones: Resistance Zone (1.08242): Currently, EURUSD is near a resistance area, as shown in the red box. If the pair tests this level but fails to break above, a pullback is likely, potentially pushing prices lower. Support Zone (1.07822): If the price dips, it may find support near 1.07822 (highlighted in blue). A bounce from this level could signal a recovery, allowing EURUSD to resume its upward trend. However, a break below would signal further downside risks. Today’s key economic data, including U.S. Consumer Confidence and trade data, may impact this movement by influencing the USD’s strength. Traders should keep an eye on these levels as they navigate EURUSD’s short-term trends.
Short
by Pierce_Bowers
GME GameStop - Short Squeeze in the Making!If you haven`t bought GME before the previous breakout: Now you need to know that GameStop (GME) is creating a buzz in the options market, especially as it gears up for an exciting week ahead! After experiencing an astronomical increase of over 121X in less than four months in the past, GME has captured the attention of traders and investors alike. This dramatic surge in price has raised speculation about the potential for another gamma squeeze, reminiscent of the impressive rallies seen in the past. With calls at the $125 strike price set to expire on January 17, 2025, there's palpable optimism in the air! The notable volume of these calls suggests that investors are positioning themselves for a significant move. Traders are eager to capitalize on the momentum that GME has built, especially with historical patterns indicating that such surges often lead to increased volatility and price spikes. The options chain for this Friday looks extremely bullish, with an uptick in activity signaling strong demand for GME calls. The convergence of high open interest and the upcoming expiration date has the potential to ignite a new wave of buying pressure, further fueling the chances of a gamma squeeze. As more traders enter the market, the cascading effects of rising call prices could push the underlying stock higher, benefiting those who are well-positioned in the options market!
NYSE:GMELong
by TopgOptions
ETH Ethereum Potential retracement soonIf you haven`t bought the recent Double Bottom on ETH: Now Ethereum might be facing bearish pressure following the U.S. Department of Justice's (DOJ) launch of a criminal investigation into Tether, the issuer of the widely used stablecoin USDT. According to reports from the Wall Street Journal, this investigation is led by the U.S. attorney’s office in Manhattan and focuses on potential violations of sanctions and anti-money laundering regulations. As Tether’s USDT is a crucial component of the cryptocurrency ecosystem, widely utilized for trading and liquidity on various platforms, any negative developments regarding its regulatory compliance could have significant ramifications for Ethereum. Tether's stability and its ability to maintain its peg to the U.S. dollar are vital for many trading pairs involving Ethereum. If the investigation reveals serious issues, it could lead to a loss of confidence in USDT, prompting traders to seek safer alternatives or even pull out of the market altogether. The ripple effects of Tether’s troubles may extend to Ethereum and other cryptocurrencies that depend on stablecoins for liquidity. A decline in USDT’s credibility could trigger panic selling, as traders rush to liquidate their positions in Ethereum and other assets, leading to increased volatility and downward pressure on prices. This scenario could particularly impact Ethereum, given its integral role in decentralized finance (DeFi), where USDT is frequently used for collateral and trading. The scrutiny surrounding Tether may prompt regulators to cast a wider net over the cryptocurrency market, leading to increased oversight of other stablecoins and projects operating on the Ethereum network. This heightened regulatory environment could deter new investments and innovations within the Ethereum ecosystem, hindering its growth potential.
Short
by TopgOptions