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Gold nonstop buy get out from sell read the caption However, the resurgence of the geopolitical factor, precisely from the Russia-Ukraine war, seems to be mostly behind the wake-up call in the metal, particularly after Biden’s administration “authorised” Ukraine to use US-made weapons to strike Russian territory. Moving forward, it should be a week dominated by data releases surrounding the real economy worldwide, where the publication of preliminary PMIs is expected to take centre stage. In addition, opinions from central bank officials are also seen keeping investors
OANDA:XAUUSDLong
by Mrsam36
AUD/USD Analysis on the 1-Hour ChartIn this analysis of AUD/USD, we are currently observing a clear downtrend, with sellers dominating the market. A key resistance zone, marked in pink, has been identified based on previous price action where sellers entered the market to push prices lower. At the moment, the price is still far from this resistance zone. However, our strategy is to prepare for a potential scenario where the price retraces back to this area. If the price reaches the pink zone, there is a strong likelihood that sellers could return, resuming the downtrend. Trading Plan: Long Positions: For traders holding long positions, this resistance zone is an excellent area to consider reducing positions to secure profits, as a rejection from this level could lead to a decline. Short Positions: If the price shows signs of rejection or bearish confirmation (e.g., a bearish candlestick pattern, divergence, or weakening momentum) upon reaching the pink zone, it could provide an opportunity to enter a short position in alignment with the prevailing downtrend. Risk Management: Use a stop loss just above the pink resistance zone to manage risk in case of a breakout. This approach combines disciplined risk management with technical analysis, ensuring that we capitalize on potential market movements while minimizing exposure to unexpected reversals.
Short
by rebenga93
Gold will bounce back to hit top level read the caption (CPI) rose by 0.2% in October. Over the past year, it increased by 2.6%. On the other hand, the core CPI increased by 0.3% monthly and 3.3% annually. This data strengthened market expectations of the US Federal Reserve's potential third interest rate cut in December. According to CME Group’s FedWatch Tool, the likelihood of a 25-basis-point rate cut at the next FOMC meeting surged to over 80%. This is up from less than 60% just a day
OANDA:XAUUSDLong
by Mrsam36
2
Gold Bearish Trend Analysis Here’s an analysis for US30 Empire on why we believe Gold will continue to go down: Gold Bearish Trend Analysis We believe Gold is likely to continue its downward trajectory for several reasons, as outlined below: Stronger US Dollar: Gold typically moves inversely to the strength of the US dollar. Recently, the US dollar has gained momentum due to positive economic data, including stronger-than-expected employment numbers and steady GDP growth. As the dollar strengthens, gold becomes more expensive in other currencies, leading to reduced demand and a price decline. Rising Interest Rates: While inflation has shown signs of slowing, central banks, particularly the Federal Reserve, have kept interest rates relatively high. Rising rates reduce the appeal of non-yielding assets like gold, as investors seek better returns in interest-bearing assets such as bonds. This continued environment of high rates pressures gold prices downward. Diminishing Safe-Haven Demand: During times of heightened market uncertainty, gold often acts as a safe-haven asset. However, as global economic conditions stabilize and investors show increasing confidence in risk assets like equities, the demand for gold as a hedge against risk declines. This shift in sentiment puts downward pressure on gold prices. Technical Indicators: From a technical standpoint, gold has recently broken below key support levels, confirming a bearish trend. The RSI (Relative Strength Index) is also showing signs of being overbought, indicating that a pullback is due. Additionally, moving averages are indicating downward momentum, signaling a potential continuation of the downtrend. Reduced Inflation Fears: While inflation was a major driver for gold in the past, the recent easing of inflationary pressures reduces the need for gold as an inflation hedge. As inflation expectations moderate, gold loses its primary appeal, contributing to downward price movement.
OANDA:XAUUSDShort
by US30EMPIRE
US30 Trendline Breakout AnalysisRecently, US30 (the Dow Jones Industrial Average) broke through a key resistance trendline, signaling a potential shift in market momentum. Here’s why we think this breakout is significant and why the index may continue to rise: Positive Economic Indicators: Recent economic data has shown resilience, with strong corporate earnings reports and steady employment numbers, reducing fears of an imminent recession. These factors boost investor confidence, attracting buying pressure and supporting upward price movement. Lower Interest Rate Concerns: With inflation showing signs of cooling, the Federal Reserve may ease on aggressive rate hikes, which typically weigh on equities. The market often rallies when the outlook on interest rates is more favorable, as it lowers borrowing costs and encourages investment in riskier assets like equities. Technical Breakout Confirmation: The recent breach of the resistance trendline was supported by high trading volume, which often validates the strength of a breakout. Additionally, other technical indicators, such as moving averages and the Relative Strength Index (RSI), show bullish momentum, suggesting that the breakout is not a false signal. Market Sentiment and Risk Appetite: Investors appear to be shifting toward a "risk-on" mode, with increased demand for growth-oriented and blue-chip stocks in the US market. This shift in sentiment often leads to further gains in major indices like the US30, especially as it represents stable, high-performing companies. Seasonal Trends and Year-End Rally Potential: Historically, the end of the year often brings about a “Santa Claus rally” in equity markets, where stock prices trend upward due to favorable market sentiment and portfolio adjustments. This seasonal pattern may further support the US30’s upward trajectory as we approach the year-end.
BLACKBULL:US30Long
by US30EMPIRE
World gold was sold off and plummetedGold sold off and plunged to its lowest level in 3 weeks after the unexpectedly decisive victory of Republican US presidential candidate Donald Trump. The Federal Reserve's FOMC meeting appears to be overshadowed but also in the spotlight this week. The meeting began Wednesday morning and ended Thursday afternoon with a statement from the FOMC and a press conference from Fed Chairman Powell. Most people believe the Fed will cut its key interest rate by 0.25%. “While the market expects a 25 basis point rate cut, any sign of a pause or slowdown in cuts will put further pressure on gold, which is already sensitive to rising interest rates and a stronger dollar", “With a stronger dollar and rising yields, gold faces immediate downside risks, potentially extending towards the 50-day moving average at $2,636.66 an ounce if the Federal Reserve State signals more caution about future interest rate cuts.” This puts a lot of pressure on Gold and we can completely believe that gold will fall even deeper 🔥 XAUUSD BUY LIMIT 2649 - 2647🔥 ✅TP1: 2660 ✅TP2: 2670 ✅TP3: OPEN 🚫SL: 2638 🔥 XAUUSD SELL LIMIT 2676 - 2674🔥 ✅TP1: 2665 ✅TP2: 2655 ✅TP3: OPEN 🚫SL: 2685
OANDA:XAUUSD
by FalCol_TradingMaster
Bearish reversal off 50% Fibonacci resistance?XAG/USD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.2953 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 1.3045 Why we like it: There is a pullback resistance level. Take profit: 1.2844 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Xauusd sell From a technical perspective, last week's failure near the top boundary of an ascending channel extending from late July and the subsequent pullback from the all-time peak could be seen as a sign of bullish exhaustion. However, mixed oscillators on the daily chart warrant some caution before positioning for further losses. Hence, any further decline is more likely to find some support near the $2,720-2,715 horizontal zone, below which the Gold price could aim to challenge the trend-channel support, currently pegged near the $2,690 region. Some follow-through selling would mark a bearish breakdown and pave the way for some meaningful corrective fall in the near term. Gold now sell 2740 Support 2730 Support 2725
OANDA:XAUUSDShort
by JohnHarry_7
7
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 ⏰. 🔔Be sure to follow the updated ideas.🔔 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.
Short
by pejman_zwin
2
EURUSD Analysis==>>Inverted Head and Shoulders Pattern!!!EURUSD ( FX:EURUSD ) is moving near the Upper line of the Descending Channel , Support zone($1.0816-$1.0775) , and Support lines . Regarding Classic Technical Analysis , EURUSD has already broken the Neckline of the Inverted Head and Shoulders Pattern ( Bullish Reversal Pattern ). Also, Regular Divergence (RD+) between Consecutive Valleys . I expect EURUSD to rise to at least the width of the descending channel after breaking the upper line of the descending channel and SMA(100) and then attacking the Resistance lines . ⚠️Note: If EURUSD goes below $1.075, we must wait for more dumps to at least $1.069⚠️ Euro/U.S.Dollar Analyze (EURUSD), 1-hour Time frame ⏰. 🔔Be sure to follow the updated ideas.🔔 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.
Long
by pejman_zwin
10
Bearish drop?NZD/USD is rising towards the resistance level which is an overlap resistance that is slightly below the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.5986 Why we like it: There is an overlap resistance level that is slightly below the 23.6% Fibonacci retracement. Stop loss: 0.5913| Why we like it: There is a pullback support level. Take profit: 0.6024 Why we like it: There is an overlap resistance level that is slightly above the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
US30 BUY ANALYSIS US30 BUY ANALYSIS Technical Analysis: 1. Ascending Channel: • The price is trading within a well-defined ascending channel. The current position of the price is at the lower boundary of the channel, which typically acts as a strong support zone. • Buying near the lower trendline is a strategic move, as the expectation is for the price to move back up towards the upper boundary of the channel, following the trend. 2. Support and Risk Management: • The lower channel boundary aligns with a previous key support level, increasing the probability of a bounce. This provides a favorable risk-to-reward ratio, with a clear stop-loss below the channel. • The trade setup targets a move to the upper channel boundary, offering a potential upside while keeping risks managed. 3. Bullish Momentum: • The overall structure remains bullish, with the price making higher highs and higher lows within the channel. This indicates that the broader uptrend is intact, making a buy position at support more attractive. Conclusion: The decision to buy US30 here is based on the current position within the ascending channel, taking advantage of the support provided by the lower trendline and targeting a potential move back towards the channel’s upper boundary for profitable opportunities.
BLACKBULL:US30Long
by US30EMPIRE