EURUSD Analysis==>>Ascending Broadening Wedge Reversal Pattern!EURUSD ( FX:EURUSD )has managed to form an Ascending Broadening Wedge Reversal Pattern near the Resistance zone($1.0980-$1.0912) and Yearly Pivot Point .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect the EURUSD to attack the Support zone($1.0816-$1.0775) again in the coming hours.
Euro/U.S.Dollar Analyze (EURUSD), 1-hour Time frame ⏰.
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Chart Patterns
XAUUSDGold is still in a strong uptrend. If the price can still hold above 2728, it is expected that the price will rebound. Consider buying in the red zone.
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GBP/USD Buy Order - 20 Pip TargetOpened a buy order on GBP/USD based on a clean 1-hour breakout setup. The pair broke above a key resistance level, showing strong momentum, and aligning well with the overall bullish trend in higher timeframes. The breakout entry was confirmed with sustained volume and a candle close above the resistance level, giving extra confidence for this entry.
📈 Target: +20 pips
📉 Stop Loss: Placed just below recent lows to manage risk effectively
⏳ Timeframe: 1-hour (main confirmation)
Anticipating a continuation to hit the 20-pip target. Keeping close watch for any signs of reversal, but looking solid so far!
$COIN back to $120Looking at NASDAQ:COIN on the higher time frames, showing potential for a move back down to the $120 zone after rejection from overhead levels.
Moving down within a descending volatility channel, within a larger ascending channel, and looking for support in the HTF support zone below in green.
Kaia: Short-TermUntil the 31st October KAIAUSDT is clearly bullish. The entire chart taken together is bullish based on an ascending channel. Yesterday late at night, a session produced a long upper wick and then we have some bearish action.
We can see some lower highs (see blue line within the channel) and then a clear bearish signal coupled with high bearish volume.
This is a tricky chart and it is mixed, also young; not enough data to make any strong predictions. Since we are looking at it super short-term, 1H timeframe, it seems that bullish momentum is waning and KAIAUSDT is aiming at lower prices.
Namaste.
DeGRAM | GOLD pullback in the channelGOLD is moving in an ascending channel above the trend lines.
The price reached the upper boundary of the channel and resistance level and then returned to the channel.
Having reached the resistance level, the chart formed a bearish takeover.
We expect a pullback.
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AEROUSD UPDATE NOT A BULL FLAG So, on a previous post I thought I saw a bull flag, but someone commented on it and said it looks like a head and shoulders. So, I went back to reevaluate the chart so this is what could possibly happen. I appreciate you looking out for me @marissaholly13. That was a close one That is what teamwork looks like.
Gold on slide aftermath / Medium-term Buy orders closed with TGNew meta: As it was evident recently on my commentaries, I have been engaging Medium-term Buying orders (#2.0 and #3.0 Volumes) #3 times in a row now and first two times it was sharp #100-point Profits. Previous two orders were engaged on #2,712.80 and since #2,790.80 was Fibonacci Ultimate Top's I have decided to close both of them there / delivering #78-point Profit on both of orders. I could officially await #2,800.80 benchmark or more however I took a safe path and closed my orders with #78-point Profit on both of them / Highly satisfied however since Elections are approaching, I will not make any more moves since Elections can finally deliver certain Selling action on Gold (as markets may have some confidence after voting) which may cause safe-haven assets such as Gold to lose and riskier assets to gain on Medium-term.
Intra-day / Short-term: The #2,772.80 former strong Support now turned in Resistance was crossed and Gold was Technically ready to accomplish new local Low’s (major break-out I announced if it gets invalidated). This will be essentially a Higher High's Lower zone first on Descending Triangle validating my expectation of an #10 to #15 point Trading range (Rectangle) on however aggressive pace for the next #1 - #2 session horizon. The (#1W) Weekly candle is now at (# +1.05%) and the week will most likely close on a positive note following last candle's (# +2.28%). I will take advantage of the Higher High’s Lower zone, giving distinguished Buying order within this relief rally / Bullish Intra-week cycle and Profit on wide timeframes for reduced Risk as I still maintain my Buying order (Buying every Bottom) which I engaged on #2,735.80 (ideally I expect to close the position above #2,752.80 benchmark). Keep in mind that this is NFP session as I am looking at #2,727.80 test initially if NFP delivers upside surprise.
My position: As discussed above, I do expect upside surprise on NFP announcement and if that's the case, Gold may spike towards #2,727.80 Support zone in extension. I will close my current Buying order as Higher as I can and will look to re-Sell Gold ahead of NFP numbers. Overall another excellent week.
Tesla Going Back To 100? Support Levels & BD-Signals— For Tesla, Inc. (TSLA), we have a long-term downtrend, since November 2021.
— Short-term we have a double-top. July & October 2024.
— And a major long-term lower high between October 2024 and July 2023.
The stock is already in a bear-market, technically speaking, lower highs and lower lows.
— A low was hit in April 2024 and this led to present day chart structure, the double-top.
— The double-top is a lower high compared to July 2023 as mentioned above and this opens the possibility for a lower low compared to April's low; are you following?
👉 This means that TSLA will test next ~100 for the first time since January 2023, almost two years ago.
Support levels:
1) There will be a small stop around 215.
2) 180-190 is a strong support level. Partial profits would be smart here.
3) Next is April's low, both 2023 and 2024, a price range between 140-165.
4) Lower low and long-term double-bottom around 100-110.
Thank you for reading.
Namaste.
FET Solid Long Entry & TargetA few untested KEY levels below would be a nice place to enter a long trade if we get the reaction we are looking for. The target would be the Value Area High & other untested KEY levels above.
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NASDAQ Bottom of the Megaphone.Nasdaq is trading inside a Megaphone pattern on the (1h) time frame.
The price is very close to its bottom, which starts to signal a buy.
Each of the previous two bottom rallies, hit at least the 0.786 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 20450 (litle under the 0.786 Fibonacci level).
Tips:
1. The RSI (1h) turned oversold. A strong buy indicator.
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GOLD → The calm before the storm. News ahead... FX:XAUUSD is at a strong resistance of 2790. Traders are getting nervous before the news. Risks as well as the price are rising. PCE, Initial Jobless Claims, Chicago PMI are ahead.
Traders have taken a wait-and-see stance ahead of the news. PCE along with NFP on Friday should give an insight into the Fed's interest rate outlook. Against the backdrop of a steady US labor market, a 0.25% cut is the most likely scenario. The metal is holding back any fall that could be seen as a correction due to election uncertainty. There is not much time left. As well as news from China and the escalated conflict in the Middle East.
Technically gold is in a range, the chart indicates stronger levels and liquidity zones. The most probable scenario is a retest of one of the support zones and further growth after liquidity capture. Targets in such a case could be 2789-2800.
Support levels: 2771, 2758, 2745
Resistance levels: 2789, 2800
It is not excluded that there may be a strong shakeout on the background of the news. Market behavior at the moment will depend on the actual data. The reaction may be extremely aggressive.
Rate, share your opinion and questions, let's discuss what's going on with ★
FX:XAUUSD ;)
Regards R. Linda!
XAUUSD- Continued to rise from $2,750 per ounceGold (XAUUSD) fell significantly yesterday, with prices falling below $2,780 and now hovering around $2,750 — marking its best recovery since mid-October. So, what's driving the metal?
Key drivers:
Gold's uptrend is supported by fundamentals, especially the possibility of the Fed pausing rate hikes if inflation continues to slow. Additionally, geopolitical tensions and a weaker US dollar are boosting gold's appeal as a safe-haven asset.
XAUUSD's new outlook:
If gold holds within its current rising channel and breaks above the key resistance level of $2,790, we could see gold prices reach new highs, heading towards $2,820 or higher.
Short-term levels to watch:
Major support: $2,740 - $2,750
Major resistance: $2,780 - $2,790, with the next target at $2,820 - $2,830
DeGRAM | EURGBP has reached a resistance levelEURGBP is between the trend lines above the ascending channel.
The price has already reached the trend line and resistance level, which have already acted as pullback points.
We expect a decline.
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NFP Set to Rock Gold: Last Opportunity for a Well-Timed ShortMarket analysis: Brothers, today's gold market continues to be bearish! The short orders arranged before the release of yesterday's data have brought us a lot of benefits, and we have seized the lucrative profits of the decline in gold. Tonight, heavy data will be released one after another: the US October non-farm employment data, unemployment rate and ISM manufacturing PMI index will form a triple impact on the gold market.
These data are expected to put bearish pressure on gold, but considering the sharp drop the day before, today's downside may be limited because the market has partially digested the bad news. Therefore, today may be the last short-selling opportunity this week. Next week, with the landing of the US election, the market is expected to turn to favor gold.
So how to arrange it, you can look at the candlestick chart, 2756-2758 is currently an important pressure point, so the strategy before the data is released is to short the market near this pressure point!
Trading strategy:
Layout before data release: short in the key pressure area of gold
Take profit target: 2735-2740
Stop loss setting: 2770
Strategy ideas to follow the trend: As the last trading day of this week, we will arrange short orders before the data is released, and start to arrange long orders next week to follow the trend.
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S&P500: 1D MA50 hit after 50 days. Is it a buy?S&P500 just turned bearish on its 1D technical outlook (RSI = 44.346, MACD = 12.360, ADX = 37.705) as it hit yesterday the 1D MA50 for the first time since September 11th. The Channel Up since August is intact and each of its two previous Lows took place on the 1D MA100 and 1D MA200 respectively, so each time an MA period higher. The 1D RSI is also reversing on a similar pattern as those two Lows. Our Target is the top of the pattern (TP = 6,000).
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GBPAUD - Potential short !!Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. After price filled perfectly the imbalance I expect to see a rejection from bearish OB.
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