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J-DXY

GOLD → The realization phase continues. What are the targets?FX:XAUUSD in the phase of realizing the accumulated potential updates ATH to 2714 and is in no hurry to give up, movements can be continued... Gold feels support from the Chinese markets after positive hints from the People's Bank of China revived hope for stimulating the economy. Also from the European side - the ECB cut its key rate, in anticipation of another, fourth cut in December... Strong data from the US on Thursday pointed to a solid economic outlook, but this failed to change the odds of a 0.25% rate cut by the US Fed in November. In addition, the gold price found fresh demand amid escalating geopolitical tensions between Iran and Israel (Hamas leader eliminated) Resistance levels: 2711.7, 2715, 2720 Support levels: 2702, 2696, 2689 Technically, gold continues its bull run once again. The chart indicates key support areas that may be of interest before further rally. A correction has been forming since the opening of the European session, but price is quickly returning to ATH. If the bulls hold the defense above 2711, the growth will continue without a pullback. Targets are indicated on the chart Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
5
Dollar index LongYesterday everything was unexpected to some extent we will expecting gold to be bearish to its new previous all time high but the asain session rocked and Gold has gained new highs Now taking turn towards Dollar index we are expecting a Bullish move in DXY to its global resistance price can Retest its previous Resistance became Support confluence is geopolitics and 50SMA and Resistance under american elections are also the big reason so we are bullish over dollar index and other co-relations will be bearish
TVC:DXYLong
by Wakeel_Saab
Waiting for the DXY correction H4. 17.10.2024 Waiting for the DXY correction Ahead of the ECB meeting, the dollar index has reached a strong rotation level of 103.57 and the main question is whether there will be a reaction and correction downwards! There is also a spare resistance level at 104.20 and I do not rule out reaching it and then a serious correction to at least 102.28. There will definitely be volatility and it is important to watch the reaction through other currencies. TVC:DXY
TVC:DXYShort
by KovachTrader
GOLD targets liquidity above 2670-2685—what’s the next play?Gold is currently consolidating within the 2663 - 2636 range, with significant resistance and liquidity zones looming overhead. In particular, the 2670 - 2685 zone is a key battleground, where bears may aggressively re-enter the market. The recent global rally is gradually losing momentum and transitioning into a more sideways pattern between 2675 and 2604. Key factors shaping the outlook include: - **China's economic struggles**: After initially providing strong support for gold in response to potential fiscal stimulus, China's economy is again showing signs of weakness. This raises questions about the sustainability of gold’s earlier gains. - **US interest rates**: With the Federal Reserve's next move still uncertain, market participants are caught between two possibilities—a pause in rate cuts or a modest 0.25% reduction. This creates uncertainty around whether gold can maintain its bullish bias, especially as it sits in a flat range with no clear breakout in sight. - **Dollar strength**: The US dollar has been rallying on the back of last week’s economic data, and the index may have more room to climb. This strengthens the case for a more hawkish Fed, with policymakers increasingly split between aggressive and cautious stances on future rate policy. On the geopolitical front, the Middle East conflict, which recently stoked gold’s safe-haven demand, is showing signs of easing. With some risks abating, could we see market participants start to "lock in" profits, especially as gold approaches these crucial resistance zones? **Key resistance levels**: 2663, 2670, 2685 **Key support levels**: 2645, 2636, 2623 Given the overall fundamental backdrop, it’s unclear what factors are currently propping up gold at these levels. The price remains range-bound with no immediate catalysts for a breakout, and the looming liquidity in the resistance zone suggests any retest could lead to a reversal and correction, especially as it's been two weeks since the last such attempt. The big question now is whether this sideways movement will eventually resolve into a deeper correction or if fresh catalysts can drive another leg higher. Either way, the market seems poised for a decisive move soon.
OANDA:XAUUSDShort
by lonelyPlayer0