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GOLD SELLERS LINE IDENTIFIED - GC1! - DAILYThe general trend of the COMEX GOLD FUTURE is still valid as an uptrend as soon as it is above the blue slope support. The red line marks the most important line where the sellers won't let the market go above. The yellow metal have seen recently strong sellers push and have revealed an area (The red line) where the fight is going on between sellers and buyers. Going down further and passing the under pink rectangle zone would probably mark a strong validation of a declining price. We have seen in the past strong downtrends stretching and erasing all seller by squeezing them up, to then, return again above the blue up trending slope. So beware of any surprise. For the moment, we are observing this fight at the red line zone. It would probably better to look at the fight and jump on the spot with the winners. Possibility of easy trade and a profitable one. Hint: the volumes are a bit down since few days, probably it is a good idea to follow up on any significant increase of them...
COMEX:GC1!
by Diallo_Charts_Ideas
4
RidetheMacro| AUDUSD Crawls downwards 📉AUDUSD Key Points The Focus will be on the Australian Dollar this week with the Reserve Bank of Australia (RBA) expected to make a major decision on its cash rate. Additionally, the government will release its Annual Budget. As of Friday’s close, market consensus was evenly split on whether the RBA will adjust the cash rate in October or November. A 50/50 consensus usually means no rate cut. Rather than another full 25 basis point cut, it seems most market participants are anticipating some version of “micro easing” such as lowering the official cash rate from 25 bps to 10 bps this month or next. “Consequently, financial markets are now anticipating a roughly 50% chance the RBA will cut the official cash rate before the end of the year,” according to Brian Reid, Treasurer of Newcastle Permanent. For weeks, investors had been pricing a rate cut to 0.10%, based on forecasting from Westpac. But that changed last week with Westpac economists now forecasting November instead, at the November 3 meeting. until the Next time. Ridethemacro
Short
by Ridethemacro
MTLUSDT AnalysisEngineeringRobo and I are currently bearish about MTL. IT is advisable to sell right now as the candles recenetly broke the top Bollinger Band. If you are interested in buying MTL, Wait fo EngineeringRobo buy signals or you can buy if the candles break (open/close) the 0.316 resistance level. If you buy with EngineeringRobo buy signals, be sure to pay attention to EngineeringRobo sell signals. You can also sell at the 0.497 resistance level. In anycase, be sure to pay attention to EngineeringRobo signals! If you're interested in using EngineeringRobo, DM me!
by DanFox0x7C6
2
GOLD, XAUUSDThis analysis for XAUUSD , GOLD on time frame 4 Hours. As we can see this week GOLD already breakout strong support trendline, on DXY as we can see candlestick already create new higher high. And what i saw on crude oil on time frame 1D we already have strong bearish candlestick, that mean USDCAD want rise. So my prediction for a new week ~ * XXXUSD - BEARISH * USDXXX - BULLISH I HAVE 2 OPTION FOR BUY AND SELL 1. You can entry BUY when price Breakout Strong support Trendline. TP1 at Reversal area 1976.00 TP2 at 2015.00 2. SELL when price Pullback at Strong Support Trendline or SELL when price already in bearish position. TP1: 1881.00 TP2: 1815.00 * HOWEVER GOLD IS STRONG DOWNTREND, SELL WITH MOMENTUM IS MORE GOOD. GOODLUCK !!! If you want update on XAUUSD , GOLD analysis, Kindly follow and like. Feel free to comment your outlook and Share with your friend. Thanks you!
FX:XAUUSD
by ShahrulMokhtar_SAM
1