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Bearish reversal?EUR/CAD is reacting off the pivot which acts as an overlap resistance and could reverse to the 1st support level. Pivot: 1.50019 1st Support: 1.49274 1st Resistance: 1.50795 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
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
Gold Next Move | 1h Time FrameMarket Overview: In our view, XAU/USD will likely start the week on a positive note, heading for resistance at 2758. Price action for the pair on the 1-hour timeframe shows a Break of Structure (BOS), which depicts a strong bull in the market. Trade Strategy: Entry Point: Consider buying the market as soon as it opens as close to the present price level as can be, plus any pullbacks to confirm the uptrend. Target Level: Target 2758. Do not go into this level blindly, as you may get turned around if the price action shows a reversal at this level. Post-Target Action: Bear in mind that when the target of 2758 is hit, your bias should be for a sell position. Looking for a shift in market sentiment should provide a good entry for short trades post hitting the target. Tips for Execution: Confirmation: Enter your long positions after making use of such technicals as RSI and MACD that exhibit the buying pressure. Risk Management: Implement stop-loss in orders below the last three recent swing highs in order to guard against opposition price movements. Market Sentiment: Always be aware of economic events and geopolitical news that may affect the prices of gold and alter your strategy. Review and Adjust: Do not open a sell position immediately after hitting the target. Wait for the utterly bullish markets to subside first.
TVC:GOLD
by goldsnipertrades
1
"EUR/USD Approaching Critical Support1. Key Support and Resistance Levels Resistance: The price has previously faced resistance near 1.10409 and 1.09127 (marked by horizontal purple lines). The recent peak suggests that 1.10409 is a strong resistance level where sellers may exert pressure. Support: The price has bounced around the 1.07532 level, which acts as a key support zone. This level aligns with the trendline support, making it a crucial area for potential bullish reversals. 2. Descending Triangle Pattern The chart shows a descending triangle pattern, formed by the downward-sloping resistance line and the trendline support. This setup typically indicates bearish momentum, where a breakdown below the support could lead to further downside movement. 3. Moving Averages Multiple moving averages (e.g., 20, 50, and 100-day) are visible, showing a recent bearish crossover. The price currently trades below these averages, hinting at continued bearish sentiment. 4. Volume Analysis Recent volume bars suggest higher selling pressure, especially as the price approaches the support region. Increased volume during a breakdown could confirm further bearish action. 5. Potential Scenarios Bearish Breakdown: A close below the 1.07532 level, accompanied by strong volume, could lead to a continuation of the downtrend, possibly targeting the next support zone around 1.06500. Bullish Reversal : If buyers step in at 1.07532 and the price rebounds, a move towards 1.09127 could be possible. Summary This EUR/USD chart hints at a bearish bias as it approaches a significant support level. Traders may look for a confirmation of direction, as a breakdown could signal further declines, while a reversal at support might lead to a short-term rally. Disclaimer: This is for educational purposes and not financial advice.
by AngshumanSaikia
Xauusd sell confirm signal weekly chart Gold stays in a consolidation phase and fluctuates in a relatively tight range below $2,750 on Friday. US Treasury bond yields stabilize in the American session, making it difficult for XAU/USD to gather directional momentum. From a technical perspective, the recent price action over the past week or so constitutes the formation of a bearish head and shoulders pattern on short-term charts. The neckline support of the said pattern is pegged near the $2,705 region, which should now act as an immediate strong support. Some follow-through selling, leading to a subsequent fall below the $2,700 mark, should pave the way for deeper losses and drag the Gold price further towards the $2,675 support. The downfall could extend further towards the bearish pattern target near the $2,660 area. Gold now sell 2747 Support 2715 Support 1701 Resistance 2757
OANDA:XAUUSDLong
by JohnHarry_7
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:XAUUSDLong
by syomking76418
CADCHF | COULD BE A GOOD SELL TRADEHey Traders! 👋 I'm eyeing a potential drop in CADCHF! It’s been lingering around a key pivot level, which is likely turning into strong resistance. All three moving averages are sitting above the price, adding to the bearish momentum, and we've also got a clean triangle break on the 4H chart confirming this bearish bias. Plus, recent CAD news came out negative, backing up this setup even more. General Guide: 🎯 TP1: 20-30 pips 🎯 TP2: 60-100 pips 🎯 TP3: 160 pips or down to the recent bottom Please note, these ideas are shared for analysis purposes only. For more insights, feel free to check my profile—appreciate the support! 😊
Short
by FX-TradingLions
#XAUUSD 1DAYThe XAUUSD (Gold) 1-day chart is encountering **rising channel resistance**, signaling a potential reversal point as the price tests the upper boundary of a well-defined upward channel. This resistance area has consistently limited upward movements within the channel, making it a critical level where sellers may step in to cap further gains. With price reaching this channel resistance, there is an increased likelihood of a pullback or reversal to the lower channel boundary, favoring a **sell** setup from this level. Key points to consider: - The rising channel resistance aligns with a potential exhaustion in bullish momentum, supporting a bearish outlook. - Rejection at this level would signal sellers' strength and validate the setup. - Momentum indicators (like RSI or MACD) may indicate overbought conditions, adding confluence to the sell forecast. In summary, the near-term outlook for XAUUSD is bearish, with an expected downward move if the price respects the rising channel resistance level.
OANDA:XAUUSDShort
by PIPSFIGHTER
XAU/USD : Bull or Bear ? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that last night the price dropped to $2708. As I mentioned, due to the sharpness of this drop, I expected the liquidity gap created by the decline to be filled quickly. We saw the price rise from the $2708 demand zone up to $2739, and it is currently trading around $2736. Pay attention to the $2732 to $2735 range, as it is a key demand zone. If the price can hold above this level, we will likely see further growth in gold. However, if this important support zone fails to hold back the decline, we could potentially see a further drop with the first bearish target at $2727. In case of continued growth (Scenario 1), the targets will be $2739.5, $2741, $2743.5, $2748, and $2755, respectively. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
20
Gold Analysis October 25Fundamental analysis Gold prices remained close to the lows of their daily ranges in the first half of the European session, pressured by a combination of factors. For now, the US dollar (USD) appears to have halted its downward correction from a near three-month high hit on Thursday amid bets that the Federal Reserve (Fed) will cut interest rates less. This, coupled with generally positive risk sentiment, is seen as undermining the safe-haven precious metal. That said, a further decline in US Treasury yields is keeping USD bulls from placing aggressive bets. Additionally, US political uncertainty ahead of the November 5 presidential election and further escalation of tensions in the Middle East could provide some support to Gold prices. Traders are now looking forward to US macro data - Durable Goods Orders and Revised Michigan Consumer Sentiment Index for short-term opportunities. Technical Analysis Gold broke the bullish structure of the Asian session and fell sharply in the European session with the break of the important support zone 2720. Gold is heading towards 2710 and 2700. Pay attention to the price reaction of this zone for long-term BUY strategy. SELL signals have been set with profit levels as analyzed. Wish you a successful trading day
OANDA:XAUUSD
by TVS-Trader
2
World gold prices recovered slightlyGold prices reversed to increase when receiving information that Russia proposed that BRICS member countries create their own precious metals trading floor. The news follows a statement adopted by the leaders of BRICS countries on Wednesday, advocating increased precious metal exchanges between members on the basis of common quality standards. “This mechanism will include the creation of metal price indicators, standards for the production and trade of bullion, recognition of market participants, settlement of bullion,” said Russian Finance Minister Anton Siluanov. Clearing and auditing in BRICS countries. Participating countries will have a reliable method for stable exchange transactions.” The Russian Ministry of Finance added that it expects the BRICS precious metals exchange “to become the main regulator of precious metals prices.” ☄️. Important support and resistance levels: The nearest support zone is 2712,000 - 2715,000, while the strong resistance zone is at 2740,000 - 2743,000. If the price surpasses 2750,000, the upward momentum could extend to the highest level from the beginning of the year at 2758,000 and beyond to 2800,000.
OANDA:XAUUSDLong
by TheLeader_WOLF
USDRUB Massive bullish break-out delivering a strong rally.The USDRUB pair has made an aggressive bullish break-out since the week of September 16, as it broke above the 1-year Lower Highs trend-line (since October 09 2023). At the same time it broke above its 1W MA50 (blue trend-line), while sustaining a rebound off the 1W MA100 (green trend-line). As we can see on this chart, when the pair historically breaks above similar Lower Highs trend-lines, it rallies to at least the 1.382 Fibonacci extension. As a result, we expect to see at least 110.000 on the current rally. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
XAUUSDHello Traders! 👋 What are your thoughts on GOLD? The price of gold has reached the upper resistance of the ascending channel, and negative divergence is visible on the RSI indicator. This divergence typically signals weakening buyer momentum and the potential for a price correction. It is expected that the price will enter a correction from this zone and drop at least to the identified support level. forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDShort
by HAMED_AZ
7
Falling towards 61.8% Fibonacci support?GBP/JPY is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 195.64 Why we like it: There is an overlap support level that aligns with the 61.8% Fibonacci retracement. Stop loss: 193.68 Why we like it: There is a pullback support level. Take profit: 198.32 Why we like it: There is a pullback resistance 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.
Long
by VantageMarkets
Overlap resistance ahead?EUR/NZD is rising towards the resistance level which is an overlap resistance that is slightly above the 161.8% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.8061 Why we like it: There is an overlap resistance level that is slightly above the 161.8% Fibonacci extension. Stop loss: 1.81364 Why we like it: There is a pullback resistance level. Take profit: 1.7949 Why we like it: There is a pullback support level that aligns with 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
Bearish drop?AUD/CAD has reacted off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.92022 Why we like it: There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.9246 Why we like it: There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement. Take profit: 0.9132 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