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Gold swing bull and bear read the caption price reached a fresh all-time high on Thursday, trading as high as $2,969.63 a troy ounce during American trading hours. Gold buyers gained confidence early in Asia as the poor performance of local shares fueled demand for safety. Demand for the bright metal was also backed by concerns about the United States (US) future government. Three weeks ahead of the election, polls show a tight vote intention between the two candidates, generating uncertainty
OANDA:XAUUSD
by Mrsam36
Gold swing bull and bear read the caption price reached a fresh all-time high on Thursday, trading as high as $2,969.63 a troy ounce during American trading hours. Gold buyers gained confidence early in Asia as the poor performance of local shares fueled demand for safety. Demand for the bright metal was also backed by concerns about the United States (US) future government. Three weeks ahead of the election, polls show a tight vote intention between the two candidates, generating uncertainty
OANDA:XAUUSD
by Mrsam36
EURCAD: Near the bottom of its Channel Down. Bullish.EURCAD is bearish on its 1D technical outlook (RSI = 42.446, MACD = -0.001, ADX = 21.257) as it is trading on the 3rd straight red 1D candle and is approaching the bottom of the 10 week Channel Down. The are more probabilities now to see a bullish reversal aimed at the top, so we turn bullish (TP = 1.51.300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USD/JPY – Heading to 153 with Corrections Along the WayAlright, trading family, we’re eyeing 153.07 as the next big wave for USD/JPY, but the ride might not be smooth. Expect a couple of corrective dips along the way, likely around those skinnier orange lines on the chart. Once we hit 153, the market will likely pause for a correction, though how deep that goes is still unknown until we get there. After that correction, the next set should take us toward 154 or even higher levels if the momentum holds strong. Key Levels to Watch: Current Target: 153.07 – A key level where a correction is expected. Correction Depth: Unknown until we get to 153—watch for signs of pullback strength. Upside Potential: 154+ – If the correction is shallow, we could push to higher levels fast. This move is shaping up to be a classic climb with a few dips to shake out weak hands. Keep an eye on those corrections—they’ll set the tone for how strong the next leg up will be. What’s your take—are we heading straight to 154 after 153, or will we see a deeper correction first? Drop your thoughts, follow, and share if this analysis helped you prep for the next wave. Mindbloome Trader Trade What You See
Long
by Mindbloome-Trading
USDJPY: 1H Rising Wedge approaching its top.USDJPY is almost overbought on its 1H technical outlook (RSI = 69.322, MACD = 0.160, ADX = 19.927) as the price is approaching the top (HH) of the 10 day Rising Wedge. A 74.00 RSI has been the most optimal sell signal during the three past highs to start shorting. Wait for the opportunity and target the 0.5 Fib at least (TP = 149.645) as it has been the minimum target during the last two bearish waves. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
CHFJPY: Technically topped. Short opportunity.CHFJPY is on bullish 1D technicals (RSI = 59.579, MACD = 1.000, ADX = 53.750) but for the past 2 days have deen declining. This suggests that the top is has been priced and a technical pullback is to follow. The 1D MACD is on the verge of a Bearish Cross. All previous uptrend corrections hit or came close ot the 0.618 Fib. Consequently, we turn bearish on the short term (TP = 170.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
Gold will above 2687 2695 read the caption price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685. The metal remains strongly supported by growing prospects for global monetary policy easing, geopolitical tensions and uncertainty surrounding nearing US election. Although the Fed officials are divided on the number of rate cuts until the end of the year, the central bank remains on track for more policy easing
OANDA:XAUUSDLong
by Mrsam36
2
Gold will above 2687 2695 read the caption price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685. The metal remains strongly supported by growing prospects for global monetary policy easing, geopolitical tensions and uncertainty surrounding nearing US election. Although the Fed officials are divided on the number of rate cuts until the end of the year, the central bank remains on track for more policy easing
OANDA:XAUUSDLong
by Mrsam36
GBPJPY Potential Trend ContinuationThe market is currently testing a key psychological support level at 193.000 after a period of consolidation following recent bullish momentum. If GBPJPY closes above the 194.000 level, it could indicate continued upward movement, setting the stage for a retest of the resistance zone above this level. Given the recent bullish sentiment, a clear break and close above 194.000 would likely signal further bullish moves, potentially pushing the price toward higher levels within the resistance zone. The target is the resistance at 194.500
Long
by RTED_Investing
EURUSD Possible further Drop after a small up correctionThe market broke through the 1.1000 round number following the negative NFP data for EURUSD, pushing the price below the September low. There's a strong possibility it could retest the next round number at 1.0900. The weekly candle reflects growing bearish momentum, and zooming out reveals that this level has historically acted as a key support multiple times. If the price is rejected at this resistance zone again, it could signal further bearish movement. The overall outlook remains bearish as long as the price stays below 1.1000. The target is the support level at 1.09050
Short
by RTED_Investing
Gold will knock 2700 confirm read the caption There hasn’t been any catalyst this week for the rally in gold although we had a key technical breakout which might have increased the bullish momentum. The lack of bearish catalysts though is helping to keep the bid going as the market has finished to reprice the aggressive rate cuts expectations that weighed on gold in the past weeks as it contributed to lift real yields. In fact, in the bigger picture, gold remains in a bullish trend as real yields will likely continue to fall amid the Fed’s easing cycle. The pullbacks will likely be triggered by a repricing in rate cuts but unless the Fed’s reaction function changes, the uptrend should remain intact
OANDA:XAUUSDLong
by Mrsam36
EURUSD: Channel Down on 1H giving two trades.EURUSD is almost oversold on its 1D technical outlook (RSI = 30.958, MACD = -0.004, ADX = 45.308) as it has been on a non-stop decline, which is even more effectively displayed on the 1H chart. You can see the flawless Channel Down making -0.90% Bearish Waves and then pulling back to the 0.5 Fibonacci only to get rejected again under the 1H MA100. This gives a potential double trade, initally with a short now to complete the -0.90% wave (TP = 1.08555) and then long to the 0.5 Fib (TP = 1.09000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope