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Gold Analysis==>>Falling(Signs)Today's data release included the Core PCE Price Index , Employment Cost Index (ECI) , and Unemployment Claims . Core PCE, the Fed's key measure of inflation, saw slower-than-expected growth, suggesting some cooling in consumer prices. This could lead to a potential moderation in the Fed's rate policy if inflationary pressures continue to ease. The ECI also grew slower than forecasts, indicating wage growth remains somewhat controlled, which also alleviates inflationary concerns. Meanwhile, the higher-than-expected unemployment claims hint at challenges in the labor market. According to the recent economic data and the possible reduction of inflationary pressures, the desire to reduce the interest rate has increased, and this has caused the price of gold to decrease . Gold ( OANDA:XAUUSD )is attractive as a safe-haven asset in times of high inflation, and deflation has reduced its demand. Regarding Technical Analysis , Gold started to fall, as I expected in the previous post. According to the Elliott wave theory , Gold has completed main wave 5 , and we should wait for Corrective Waves . One sign of a further decrease in Gold can be the formation of a Bump and Run Reversal Top Pattern , which is currently in the Run phase . I expect Gold to continue its downward trend due to the high momentum of the decline experienced in the previous hours. Drop targets can be the Support zone($2,720-$2,708) in the first step and then the Lower line of the Ascending Channel . 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
6
Potential bullish bounce?Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance that is slightly below the 50% Fibonacci retracement. Pivot: 69,503.31 1st Support: 68,287.05 1st Resistance: 71,376.35 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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. IC Markets 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.
ICMARKETS:BTCUSDLong
by ICmarkets
2
BITCOIN Closed 2 straight green 1M candles after 7 months!Bitcoin (BTCUSD) is closing today the monthly (1M) candle and unless it drops by 7000 in a few hours, it will close the month of October in green. That will be the 2nd straight green 1M candle since March! This 7 month consolidation period is no stranger to BTC as such patterns, where there are no straight green 1M candles, are standard Accumulation Phases that we see during Bull Cycles. So far on the current one we've had three (including March 2024) and once the market closed 2 straight green 1M candles, it rallied. The 2019 - 2021 Bull Cycle had three such straight green candle occasions and a very clear Accumulation Phase, while the 2015 - 2018 Cycle had numerous. One thing is clear based on this multi-year chart. When the market closes two straight green 1M candles, it is always a good signal to buy. But what do you think? Do you find this indicator reliable? Are you buying based on this? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
7
SPY/QQQ Plan Your Trade For Nov 1: CRUSH PatternToday's CRUSH pattern suggests the markets may experience a very large and violent price move - likely downward. My experience with CRUSH patterns is they are often related to the dominant trend on the Daily chart and seeing as though we are in the midst of a fairly solid rally phase (recent higher highs on almost all charts), I believe this CRUSH pattern will resolve to the downside. Many of you know I've been predicting a very strong pullback leading into the US elections, and yesterday, we saw what may have been the start of that pullback. Today's CRUSH pattern could carry us into very strong market selling into the end of trading today and I believe traders should have already moved assets away from the current risks in the markets. It seems as though almost every market I review has moved into an Excess Phase Peak pattern over the past 2-3+ days. Today, I'm looking for Gold & Silver to attempt a breakdown away from the Phase #3 consolidation of the Excess Phase Peak pattern. BTCUSD is set up almost exactly the same - looking for a breakdown. The SPY/QQQ are moving into that consolidation phase and looking for that breakdown in price. It's almost as if the markets are reacting to some pending event that drives uncertainty.. THE ELECTION. Smart traders (skilled intraday traders) should be able to pull off some really great trades throughout the day. Smart Swing traders are waiting for the base/bottom (Ultimate low) and are looking to move into CALL OPTION trades as a hedge related to a post-election rally phase. If you missed all of this over the past few weeks, today is nothing more than a panic reaction to risks. The markets will settle after the election and will likely move back into a solid bullish price trend after Nov10th or so. Buckle up - this could be a wild day. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDShort
by BradMatheny
4
DID THE NFP SAVE USDCHF?Fundamental Analysis: Economic Indicators: Look at economic data from both the U.S. and Switzerland, such as GDP growth, employment figures, inflation rates (CPI), and trade balances. Strong U.S. data generally supports USD strength, while positive Swiss data does the same for CHF. Monetary Policy: The policies of the Federal Reserve (Fed) and the Swiss National Bank (SNB) are critical. If the Fed is increasing interest rates, the USD may strengthen against the CHF, which traditionally has lower rates. Geopolitical Factors: Switzerland is known for its political stability and neutrality, often seen as a safe haven during global uncertainty, which can boost demand for CHF.
Long
by MarshallJay
7
GOLD 4H CHART MARKET UPDATEHey Everyone, Another great day on the chart for us today with price rejection on the final range after hitting all our targets. As shared yesterday we don't like chasing targets all the way to the top on a new range and safer to buy dips and that's what we have been doing, Today once again we were able to use our 1H chart levels to buy 30 to 40 pip dips from our strategic levels even against todays trend. That's the power of our chart setups!! We now have a gap left on the top of the range and seeing price reject into the 4H chart retracement range. We expect a reaction here for a bounce or a cross and lock below this range will see the swing range. We are now also seeing price back in the range on both 1H and 4H chart and therefore the levels and our cross and lock weighted levels are active once again, for us to track and trade the movement. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2760 (EMA5 LOCK ABOVE 2737 WILL FURTHER CONFIRM THIS) - DONE POTENTIALLY 2779 - DONE EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET 2797 POTENTIALLY 2814 BEARISH TARGETS 2737 - DONE 2715 EMA5 CROSS AND LOCK BELOW 2715 WILL OPEN THE SWING RANGE SWING RANGE 2693 - 2669 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
13
Bullish Correction: What's next?🤖🚀 Bitcoin’s Bullish Correction: What’s Next on the Chart? 💡📈 Hey everyone! Time to check in on Bitcoin’s latest move. Yesterday, while U.S. markets stumbled, Bitcoin gave us a corrective dip, but in a bullish context! Here’s what I’m seeing in the charts: Bitcoin Analysis Support Reclaimed: Bitcoin dipped to revisit its previous breakout levels, securing support at $69,579. Next Target: If BTC can hold steady or push up from here, I’m watching $72,000 as the next test. If momentum carries it further, my projection is $79,000 for a potential new high. Key Levels: Current support at $69,600, with a fallback to $65,670 if the trend doesn’t hold. Overall, my stance remains bullish, but remember fundamentals—U.S. elections, Middle East tensions, and today’s NFP data—can add volatility. Bitcoin Dominance BTC dominance is nearing a significant resistance point, and I’m 90% confident it could retrace from here. It didn’t quite trigger my alert, but with the NFP data release, we might see a quick spike before rejection. Ethereum & Solana Ethereum: Testing the waters at 0.058 BTC with a strong structure forming. I see room for a breakout toward $3,634, with support solid at $2,398. Solana: At all-time highs but primed for a pullback, especially with the new competitor SUI entering the market. SUI’s levels are worth watching around $1.80 for a long, with psychological markers at $2 and $3. Final Thoughts Patience is key—these levels are guiding us, but the market may retest support before new highs emerge. Stick to the plan and keep a cool head in these moves! One Love, The FXPROFESSOR 💙
BITFINEX:BTCUSDLong
by FX_Professor
2
Hellena | GOLD (4H): Short to support area 2603 (after wave 5).Dear colleagues, I believe that wave “5” is not completed yet, but it can end at any moment, so I consider 2 variants of events, but in both the target is the support area 2603. 1) The riskier one is to open a short position on the market. 2) Conservative - wait for the price to rise, and enter with less risk. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDShort
by Hellena_Trade
47
NVIDIA Bearish Potential Intact (Let Me Explain!)NVIDIA (NVDA) just produced a double-top and I shall explain why this situation right now is extremely bearish. ➢ First, the session that produced the new ATH closed red and two sessions earlier there was a bearish signal. ➢ Second, trading volume continues to decrease as a new high is hit. ➢ Third, NVDA is trading at resistance, the strongest resistance possible and the strongest resistance ever, the All-Time High. Caution: The people who draw these charts, the section of the market that have enough purchasing power to move it are all professional traders. What we know and what we can see and spot in a chart they know a million times better and they have access to data that we do not have. This type of chart setup can be exploited by professional traders. While they know a crash is imminent because of price dynamics, fundamentals and market conditions, they can still work to push prices higher in order to produce one final fake-out before the major drop. Think of Binance Coin around June 2024, something like this. Regardless of these market moves, the short-term or other unexpected scenarios, the market is set to crash in the coming weeks or months. This is warning for the clueless ones. We sell at resistance (high prices) and buy at support (low prices). Thank you for reading. Namaste.
NASDAQ:NVDAShort
by AlanSantana
29
BITCOIN Will Go Higher From Support! Buy! Please, check our technical outlook for BITCOIN. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 70,210. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 74,252 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!
BITSTAMP:BTCUSDLong
by SignalProvider
2
Xrp - This Triangle Wil Double Your Money!Xrp ( BITSTAMP:XRPUSD ) is retesting a major confluence of support: Click chart above to see the detailed analysis👆🏻 For a couple of years now, Xrp has been trading in a bullish symmetrical triangle pattern. As we are speaking, Xrp is retesting the lower support trendline and also a horizontal support level. It is quite likely, that we will eventually see a breakout above both triangle patterns on Xrp. Levels to watch: $0.5, $0.6, $1.0 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:XRPUSDLong
by basictradingtv
6
cats in a dogs world: A Bonk & Floki Inu Repeat?I mentioned recently that the memecoin section of the market can suffer strongly in the upcoming bearish impulse but this is only because of how much these Altcoins grew. This is based on the charts we looked at for Bonk and Floki Inu, which you can find below for your convenience: ✴️ Floki Inu Major Drop Now Imminent: Prepare For The Crash! ✴️ Bonk Catastrophe... Level 1 (50%), Level 2 (85%) & Level 3 (95%) Also Pepe is bearish and Shiba Inu as well. Looking at MEWUSDT (cats in a dogs wold), what you see on the chart is a rising wedge that broke bearish, literally, it has been decided already. The price peak happened 25-October but the volume peak happened 7-June, so we have a bearish divergence between the growing price and decreasing volume. Previous drops lasted between 1-2 months and we can expect something similar this time around. The main support levels are marked orange on the chart. Thank you for reading. Namaste.
Short
by AlanSantana
1
STILL DOUBTS? THE BTC GUIDE The tour of the guides continues, and with it, the skeptics. I am here, active and present: you’ll find ALL MY CONTACTS at the end of the article or in my profile bio. Don’t worry, I’m not going anywhere! Now, let me get a few things off my chest: I don’t need to prove anything, my work speaks for itself, supported by HONESTY AND CONSISTENCY. That said, enough chit-chat—let’s get straight to the ANALYSIS . 📊 This time, we’re focusing on a MEDIUM TO LONG-TERM ANALYSIS ; don’t worry, daily analyses will follow, but first, it’s essential to outline a **GUIDELINE**, a light to show us the direction. 🧭✨ What is the current situation for BTC? Technical analysis suggests that the best strategy is to aim for an upward trend, and that’s what we’ll do. However, there are key points to consider: aiming for an upward move is good, but entering at the best price is essential. 📈💡 On Tuesday, 29/10/2024, Bitcoin attempted to establish a new ALL-TIME HIGH but failed. Does this mean a reversal? ABSOLUTELY NOT . The trend remains bullish; it is simply retracing downward to clear out retail traders positioned for the uptrend. Exactly, to push upward, the market must first liquidate the bulls, go short to gain strength, and then resume the upward path. It’s that dynamic many call manipulation—a term that’s overused and often misapplied. 🔄⚖️ Currently, as I write, the 24-hour chart has closed below the bullish resistance at 71300, confirming a possible decline. The price is now close to the first bullish liquidity zone , an excellent rotation point, located between 69750 and 68315. In this same area, we also find our trusty Fibonacci , with an upward projection, extending from 60635 to 67405 . This represents, on the 24-hour chart, the best entry point for a potential reversal, thanks to the combination of deep retracement and liquidity. 📉📊 But that’s not all. To confirm a continued decline, we need a break on the 24-hour chart of the bullish support, with a full candle close below 69150 . This would indicate a possible continuation of the downward move. ⚠️🕹️ And if the price continues to fall? No problem—we’re prepared. Your friend PipGuard has already considered everything. We find a fundamental monthly support at 64540 , immediately followed by the weekly upward Fibonacci extending to 62585 , starting right from the aforementioned monthly support. 🛡️📈 In summary: the trend is BULLISH , got it? BTC will go up, but for now, it’s time for a RETRACEMENT . This study will be published as bullish, not neutral, because we’re not in a sideways or bearish phase—it’s just a retracement. I encourage you to read through everything carefully and understand the key points. 🔄📝 Remember, I’m always available: you can find my contact details at the end of the article or in my TradingView profile bio. If you appreciate my return, my work, and my analyses, I kindly ask for your support. Wishing you a good day/evening, depending on when you read this, and most importantly, HAPPY TRADING. We’ll catch up soon! 🚀📈 PipGuard.
COINBASE:BTCUSDLong
by PipGuard
3
Enhanced Parallel Channel Tool with Fib Levels - AVAX Example AVAX on the Rise with TradingView’s Enhanced Parallel Channel Tool 🎯🚀💹 Hey fellow traders! Today, I'm diving with excitement into AVAX and how TradingView's new Parallel Channel tool levels up my (our) analysis. TradingView continues to prove why it's the #1 platform for traders, with new features that keep us ahead of the game! For me personally this extra steps, updates and tools are Very important as they help me do better with analysis and trading. AVAX Example: Right now, AVAX is showing promising action within an ascending parallel channel, with strong support around $24.32 and a secondary layer at $22.97. This channel setup, now enhanced with additional levels on TradingView, is giving us a clearer picture of potential price movements. By activating these extra levels, we get a deeper, more nuanced view of the trend—ideal for pinpointing resistance and support points with precision. The new option to add my favorite Fib 0,618 level is AMAZING! To enable these new levels on your chart: Open the Parallel Channel settings. Go to the Style tab. Check the boxes to activate more levels, allowing you to customize coefficients, colors, thickness, and line styles. With this upgraded tool, I will be targeting $31.79 as the next key resistance level for AVAX. If bullish momentum holds, we could see a push up to the $40 mark at the top of the channel. It’s a promising setup, and I'll be entering this trade with excitement! FXPROFESSOR 202: Personally i have added 0.618 level (on both sides) and you can see how well the chart works. Keep in mind that for this structure (parallel channel) the 0.50 level remains the Key Level on drawing the channel: There is no valid channel unless the middle level does not have a confirmation acting as S/R/S or R/S/R. A massive shoutout to the TradingView team for continually refining these tools, setting industry standards, and empowering us to perform better analysis. This is why TradingView remains the best choice for serious traders everywhere. I am proud to be part of this community, right here and always. One Love, The FXPROFESSOR 💙 Explore TradingView’s Latest Channel Tool Update: www.tradingview.com
Education
by FX_Professor
1