Bearish trend, sell on highsGold surged and fell on Friday. From the chart, the price fell sharply on Thursday. The price fell below the upper line and the acceleration line. There was a short-term signal of turning short. The auxiliary indicator MACD formed a dead cross at a high level. It is currently suppressed by the moving average. 2750 can be shorted under pressure!
Gold surged and fell last week. Gold began to weaken. The rebound is to continue to give shorts opportunities. Gold surged and fell in the last two days of last week. There is still room for shorts. The 1-hour moving average of gold has formed a downward dead cross. The 1-hour falling space of gold has also opened. The resistance of the gold moving average has moved down to 2757. You can continue to short at highs below 2757 in the Asian session. You can try it near 2750 first.
Trading strategy:
2718~2757 range sell high and buy low.
First support: 2730, second support: 2718, third support: 2700
First resistance: 2747, second resistance: 2763, third resistance: 2775
Gann
DOWN TRENDclosed below the higher time inverse FVG which leads to a possible downtrend, going down the smaller time frame it is also in a down trend and so our bias as been declared. Then an order bock was formed on the 30mins, waiting for a reaction to the downside off the order block or the higher time frame inverse FVG
NAS100 View!!Amazon.com
AMZN
rose 6.2% after it reported earnings on Thursday that revealed strong retail sales, boosting profit above Wall Street estimates.
Meanwhile, Apple
AAPL
fell 1.2% as investors worried about a decline in its China sales during its most recent quarter.
Other so-called Magnificent Seven members Meta Platforms
META
and Microsoft
MSFT
also reported earnings earlier this week and warned on AI-related infrastructure costs, dragging the Nasdaq
IXIC
down on Thursday.
USOIL View!!** Indeed, S&P 500 index is struggling to rekindle its spirit
** Benchmark U.S. 10-year Treasury yield
US10Y
climbing into the Cloud, and on track to rise for an eighth straight week
** Nearly every sector startled: Technology most timid, while just Consumer Discretionary and Communication Services show gri
GBPUSD View!!(MaceNews) – U.S. manufacturing activity was in contraction for a seventh straight month in October, and the pace of decline unexpectedly accelerated, as firms remain reluctant to invest in new capacity on concerns that federal fiscal policy could be inflationary whichever major party wins the Nov. 5 election, the latest monthly data from the Institute for Supply Management showed Friday.
GBPJPY View!!Not much in USD/CHF before Wednesday and 0.8765 on $500 million and between 0.9035-45 on $807 million. The biggest EUR/CHF strike expiry is on Monday at 0.9705 on 626 million euros.
GBP/USD strike expiries worth noting are on Monday at 1.2940 on £553 million and between 1.2975-90 on £1 billion. There's little thereafter until Friday at 1.2970 on £713 million.
XAGUSD VIew!!SPDR Gold shares turned negative in late trading, falling 0.1%. Despite losing momentum throughout the day, recent strength has come as investors add gold positions. "The retail investors have started following central banks and are increasing their allocations as evidenced by the inflow into ETFs and their increasing demand for physical gold," says Alex Ebkarian of Allegiance Gold in a note. Earlier this week, the World Gold Council confirmed increased buying of gold ETFs among western investors. Front-month gold futures finished the day down 0.1% to $2,738.60 an ounce. (kirk.maltais@wsj.com)
XAUUSD View!!Spot Bitcoin ETFs Bring In No New Money, Only Recycled Investments
In a series of X posts on November 2, Bianco claimed the Spot Bitcoin ETFs despite their impressive inflow record do not attract any new investments to the underlying asset. Firstly, The analyst applauds the performance of these institutional funds some of which rank as the best-performing ETFs of 2024 following their launch in January.
BTCUSD: Market Is Looking Up! Buy!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 68,947.26
Wish you good luck in trading to you all!
ETHUSD: Move Down Expected! Sell!
Welcome to our daily ETHUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,431.0
Wish you good luck in trading to you all!
XAUUSD wave structure analysis on 15 minute and 4 hour timeframe4H swing is bullish => current is pullback.
M15 swing is bearish.
The current price is in the demand zone on the 4-hour timeframe, so we can look for buying opportunities on this timeframe.
We wait for a bullish signal on the 5-minute or 15-minute timeframe, which gives a higher probability of winning.
BTCUSD: Local Correction Ahead! Sell!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 68,452$
Wish you good luck in trading to you all!
USOIL: Strong Bullish Bias! Buy!
Welcome to our daily USOL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 70.221
Wish you good luck in trading to you all!
ETHUSD: Market Is Looking Up! Buy!
Welcome to our daily ETHUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,521.5
Wish you good luck in trading to you all!
I will trade it only if, I get this pullback before...reaching the old high.
If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔