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US30 Sell Technical AnalysisUS30 Sell Technical Analysis The US30 Dow Jones Industrial Average is currently showing a downtrend on the 1-hour chart, as evidenced by the descending trendline and multiple failed attempts to break above resistance. The Stochastic indicators also suggest overbought conditions, with the potential for a downward movement as momentum appears to be weakening. Additionally, previous rejections at the resistance zone highlight seller dominance in this range. A break below the support levels could accelerate selling pressure, making it a favorable setup for a short position.
BLACKBULL:US30Short
by US30EMPIRE
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDShort
by syomking76418
World gold prices fall when the USD index is anchored highInvestors are expressing caution ahead of the US Presidential election and the upcoming decision of the US Federal Reserve (FED) on interest rates. Today (November 5), the US presidential election will take place. Public opinion polls show that Democratic candidate Kamala Harris and Republican candidate Donald Trump are closely tied in the race for the White House. UBS analyst Giovanni Staunovo shared: "The driving force for gold this week will be the US presidential election. If Donald Trump wins, the gold price will move faster closer to the target of 2,900 USD/ ounces, gold will likely fall if Ms. Kamala Harris wins. Meanwhile, the Fed's interest rate decision is unlikely to create much change, because the bank will likely signal further cuts in line with market expectations." 🔥 XAUUSD BUY LIMIT 2727 - 2725🔥 ✅TP1: 2755 ✅TP2: 2765 ✅TP3: OPEN 🚫SL: 2724 🔥 XAUUSD SELL LIMIT 2753 - 2751🔥 ✅TP1: 2745 ✅TP2: 2735 ✅TP3: OPEN 🚫SL: 2760
OANDA:XAUUSDShort
by FalCol_TradingMaster
USD/JPY on the Rise: Aiming for 154 and Beyond if 151 HoldsHere’s the lowdown: USD/JPY is hanging out at the 151 support level. If this zone holds, we’re looking at a nice ride up to 152.47—and possibly higher! First take-profit at 154.23, and if we break that, we’re cruising to 155.80 and even 157. Simple Breakdown: Solid Support at 151 Right now, 151 is the key spot to watch. If we hold above this, it’s a good sign USD/JPY has the strength to keep climbing. Target Levels on the Way Up First Stop: 152.47 This is our first target, so keep an eye on the price action here to see if we’ve got the momentum. Take-Profit Zone 1: 154.23 If we reach this level, it’s a great spot to lock in some gains. Think of it as the first surf break! Take-Profit Zone 2: 155.80 If 154 clears, next stop is 155.80. This is where the ride gets exciting. High-End Target: 157 If USD/JPY stays strong and keeps moving, 157 is the ultimate stretch goal on this wave. Trading Tip Stay flexible with your levels. If 151 holds, ride the trend and take profits at each level to keep it smooth. Relax, set your zones, and let the market show you the way! MINDBLOOME TRADING / KRIS Where Trading Meets Wellness : Mindbloome Exchange
Long
by Mindbloome-Trading
Bearish drop for the Kiwi?The price is reacting off the resistance level which is an overlap resistance that aligns with 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 aligns with the 23.6% Fibonacci retracement. Stop loss: 0.6024 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Take profit: 0.5913 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
Potential bullish rise?AUD/USD has reacting off the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could rise from this level to our take profit. Entry: 0.6582 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Stop loss: 0.6535 Why we like it: There is a pullback support level. Take profit: 0.6649 Why we like it: There is an overlap resistance level that aligns with the 61.8% 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.
Long
by VantageMarkets
Bearish drop?AUD/NZD is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 1.10273 1st Support: 1.09686 1st Resistance: 1.10909 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.
Short
by ICmarkets
1
Gold price analysis November 4Fundamental Analysis Gold prices traded in positive territory on Monday. The US presidential election risks and ongoing geopolitical tensions in the Middle East are likely to support the yellow metal, a traditional safe-haven asset, in the near term. However, renewed demand for the greenback and higher US bond yields could limit gold’s upside as higher yields make non-yielding assets such as bullion less attractive by comparison. Investors will be closely watching the upcoming US presidential election on Tuesday. Attention will turn to the US Federal Reserve’s interest rate decision on Thursday. Uncertainty over the US election outcome is one reason why markets are betting on the Fed cutting interest rates by a conventional 25 basis points (bps) on Thursday, rather than repeating its excessive half-point easing. Technical Analysis Gold prices were trading sideways in a narrow range at the start of the week. The 2748 and 2728 borders are still guaranteed in today's Asian and European session. We still have to depend on the market volatility to choose the price border zones to trade. The support zones of interest are 2718, 2709. The upper border is noted around 2760 and 2780. When the price breaks out of the 2728 support zone, the main strategy will be to wait for SELL when the sellers have won the market. Wish you a successful trading day.
OANDA:XAUUSD
by TVS-Trader
2
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDShort
by syomking76418
EURUSD targeting 1.0500 after the 1W MA100 rejection.Late August (Aug 26, see chart below) saw us emphasizing the critical role of the Lower Highs trend-line, being the top of a multi-year Falling Wedge pattern that started at the peak of the 2008 Housing Crisis, and its important on the long-term trend, with a break-out being bullish while a rejection being bearish: The price was eventually rejected exactly at the top and at the same time the 1W MA100 (green trend-line), which did the July 2023 rejection. That rejection initiated a correction back to the Symmetrical Support Zone of 2015. As a result, we expect EURUSD to gradually descend towards that Zone and by mid 2025, hit 1.0500. Notice also that the 1W RSI also got very close to its 15-year Resistance Zone. This has triggered in the past more brutal sell-offs. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
XAU/USD : Another Bullish Move Ahead? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that, as expected last night, gold showed an upward movement with the market opening. After maintaining its position above the noted support level, it reached the targets of $2739 and $2744. Currently, gold is trading around $2742, and we’ll need to watch over the next two hours to see if it can stabilize above this level. The key demand zones are $2738.6-$2739.7 and $2727-$2733, while the important supply zones are $2747, $2752, and $2757.
OANDA:XAUUSDLong
by ArmanShabanTrading
12
GBP/USD Turns Bearish: Analyzing the Key Factors Behind DeclineThe GBP/USD pair has recently turned bearish after reaching a significant Supply area around 1.3228. This level, clearly visible on the weekly chart, has proven to be a formidable resistance, halting the pair's upward momentum and reversing its course. As of today, GBP/USD is trading around 1.3125, marking a notable decline from the previous highs. Weekly Chart Economic Calendar and Market Sentiment Today’s economic calendar highlights the USD ISM Manufacturing PMI, a critical indicator of economic health in the United States. As a leading indicator, the PMI reflects the purchasing managers' outlook, which can offer valuable insights into the overall economic sentiment. Businesses tend to react swiftly to market changes, making this data particularly relevant for understanding the current economic landscape. In contrast, the UK's economic calendar is sparse this week, offering little to support the GBP. The lack of high-impact economic data leaves GBP traders focusing on external factors, particularly from the US. The US economic calendar, however, is packed with significant data releases, including the US Purchasing Managers Index (PMI) figures spread throughout the week. However, the spotlight remains on US labor data, with key prints scheduled for Thursday and Friday. Thursday’s US ADP Employment Change will be the first major data release, serving as a precursor to Friday’s highly anticipated Non-Farm Payrolls (NFP). This week's labor market updates are crucial as they represent the last significant data points before the Federal Reserve's rate decision on September 18th. Before these critical releases, the market will also be watching the US JOLTS job openings, scheduled for Wednesday. The JOLTS data is expected to remain steady near 8.1 million for July, closely aligning with the previous month’s figure of 8.184 million. Technical and Sentiment Analysis: Indicators of Further Decline From a technical perspective, the recent rejection from the 1.3228 Supply area signals a potential continuation of the bearish trend. In addition to this, the Commitments of Traders (COT) report reveals an interesting dynamic. Retail traders are currently extremely bullish on GBP, which often serves as a contrarian indicator, suggesting that a reversal might be on the horizon. Seasonal trends also support the bearish outlook for GBP. Historically, this period tends to favor a continuation of the downtrend, aligning with the current market sentiment and technical indicators. Conclusion: A Confluence of Factors Supporting the Bearish Outlook The confluence of technical resistance at the Supply area, bearish seasonal trends, and contrarian sentiment indicators all point towards a continuation of the GBP/USD decline. As the market awaits critical economic data from the US, traders should remain cautious of further downside risks. The alignment of these factors underpins our bearish outlook on GBP/USD, reinforcing the idea that the pair may continue to trade lower in the near term. OUR PREVIOUS FORECAST ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CME:6B1!Short
by FOREXN1
1
Gold price will reach 2800 this weekLast week, gold's direction was strongly influenced by concerns surrounding the race for the White House by former President Donald Trump and Vice President Kamala Harris and the conflict in the Middle East and expectations of the US Federal Reserve. (Fed) will continue to cut interest rates at the upcoming policy meeting. This week, the US election and the US Central Bank's interest rate decision will dominate the sentiment in this precious metals market. Both experts and retail investors say that it is difficult to predict the direction of gold this week, because this precious metal is still influenced by the situation in the Middle East, the US election and the civil war. Fed policy meeting. SIA Wealth Management market strategist Colin Cieszynski said that gold is at $2,750 an ounce and appears to be starting a normal consolidation process, but the underlying long-term uptrend remains intact until now. Now. However, the appeal of this precious metal is still maintained and the price reached 2,800 USD/ounce last week. This shows the strong resistance of this precious metal.
TVC:GOLDShort
by FalCol_TradingMaster
The gold market will stabilize after the electionThe focus of the financial market is the US presidential election, which is about to enter a key moment. According to poll results, former President Donald Trump and Vice President Kamala Harris compete fiercely. However, investors are taking cues from the betting market, which has shifted in Mr. Trump's favor. The USD hit a 3-month high on data showing the US economy remains strong and Trump's victory is likely. Fed policymakers are almost certain the US Federal Reserve (Fed) will cut interest rates at its November meeting. The Fed's next policy meeting is expected to begin immediately after the election US President on November 5. The Fed's first rate cut in September brought the policy rate down to a range of 4.75-5%. Data released last week showed that the core personal consumption expenditure index (excluding food and energy prices) increased 2.7% in 12 months. Inflation has remained at this level for the past 3 months. 🔥 XAUUSD BUY LIMIT 2733 - 2731🔥 ✔️ TP1: 2755 ✔️ TP2: 2765 ✔️ TP3: OPEN 🚫SL: 2724 🔥 XAUUSD SELL LIMIT 2753 - 2751🔥 ✔️ TP1: 2745 ✔️ TP2: 2735 ✔️ TP3: OPEN 🚫SL: 2760
OANDA:XAUUSDShort
by FalCol_TradingMaster
Could the price reverse from here?EUR/GBP is rising towards the resistance level which is a pullback resistance that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8404 Why we like it: There is a pullback resistance level that is slightly below the 50% Fibonacci retracement. Stop loss: 0.8448 Why we like it: There is a pullback resistance level. Take profit: 0.8347 Why we like it: there is a pullback support that is slightly below the 61.8% 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