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XAUUSD : Continue to confirm new records. Gold surged past $2,710 per ounce on Friday, hitting a new record high. This rise was driven by increased demand for safe-haven assets and expectations of further interest rate cuts by major central banks. The European Central Bank (ECB) cut interest rates for the third time this year, lowering the deposit rate to 3.25%. This move, aimed at combating deflation, made non-yielding assets like gold more attractive. Geopolitical tensions also played a role, as the death of Yahya Sinwar, a key Hamas leader, heightened concerns of conflict escalation in the Middle East. Additionally, investor disappointment with China's weak fiscal measures for its real estate crisis and uncertainties surrounding the upcoming U.S. presidential election pushed more money into gold.
OANDA:XAUUSD
by Pierce_Bowers
Gold Prices Rise Strongly on China and India's Demand for StockOn the chart, gold prices have broken the $2,700 resistance zone and continued to rally, with the 34-EMA and 89-EMA lines pointing up, reinforcing the short-term bullish trend. Fibonacci suggests that the next resistance level could be at $2,740, followed by $2,780, corresponding to the 1.61 and 1.68 Fibonacci levels. Although gold prices may have minor corrections in the short term, the main trend remains bullish. If gold holds above $2,700, the next target will be the $2,740 – $2,780 zone. In addition, China and India's increasing gold reserves, especially in the context of preparations for festivals and traditional New Year, are an important factor driving gold prices higher. At the end of the year, gold demand in these two countries often increases sharply because gold is used as gifts and jewelry in important events. China is one of the countries with the largest gold reserves in the world, and India is the largest gold consumer, especially during festival seasons such as Diwali or Tet. This causes a sudden increase in demand for gold, putting pressure on global supply and pushing prices higher. The central banks of China and India continue to buy gold to protect the value of their foreign exchange reserves, which creates upward pressure on gold prices in the short term and may continue to push gold prices to record highs by the end of this year. In the context of strong demand for gold from major markets such as China and India, combined with technical analysis showing that the upward momentum is dominant, I predict that gold prices are expected to continue to increase in the coming time. The next important resistance level lies at $2,740 – $2,780, and any correction is a buying opportunity.
OANDA:XAUUSD
by Naoomi
4
EURUSD Is Very Bearish! Sell! Please, check our technical outlook for EURUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.086. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.084 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
RNT crypto backed by Andrew TateRNT, a relatively new player in the cryptocurrency market, has been gaining attention recently, especially with its association with Andrew Tate, a controversial yet widely recognized figure. Despite Tate’s polarizing public persona, his influence has brought a surge of interest to the coin. One of the key reasons why RNT seems poised for a breakout is its small market cap, currently sitting at just $7.5 million. This leaves plenty of room for growth, especially as the trading volume has been steadily increasing. Increased volume often signals rising interest, and with rumors of potential new listings on the horizon, RNT may be positioned to attract more investors. For those willing to embrace the volatility and the risks associated with backing a coin tied to a controversial figure, RNT could present an intriguing opportunity. As it stands, it appears ready to capitalize on market momentum, with investors anticipating a significant move upward. Keep an eye on new developments, as this coin could be on the verge of capturing more mainstream attention.
RLong
by TopgOptions
1
"SOLUSDT Breaks Trendline, Targets $158"Based on the SOLUSDT chart, the price has broken above the descending trendline, signaling a potential bullish move. The price is currently testing the support zone around $152, with possible targets at $155.95 and $158.54. Buy Strategy: Entry: Consider buying around $152 - $153. Take Profit: First target at $155.95, second target at $158.54. Stop Loss: Below $149.66 to limit downside risk. News factors such as improving market sentiment towards cryptocurrencies could further support this upward trend. Keep an eye on key economic data and market developments for confirmation.
Long
by Suyouu
1
XRPUSDT : SELL ? The chart for XRP/USDT shows that the price recently tested a strong resistance zone around $0.55 to $0.64 but failed to break above it, resulting in a pullback. Currently, the price is trading near $0.5375, hovering just above a key support level. A breakdown from this level could see the price declining towards the $0.43 zone, as indicated by the downward projection. This would represent a bearish move following the failure to sustain gains above the trendline and resistance zone. Conversely, if the price manages to bounce back from the support region, it could attempt another rally to retest the resistance, but further upside momentum would depend on breaking through this critical level. Traders should keep an eye on these key zones: $0.4338 as support and $0.5574-$0.5580 as resistance, to gauge potential moves in the near future.
by Suyouu
4
Gold Hits Record High Amid Global UncertaintyGold extended its rally today, driven by heightened demand for safe-haven assets amid U.S. election uncertainties and ongoing conflict in the Middle East, pushing prices above $2,700 per ounce. By the close of trading on October 17th, spot gold surged 180 pips to $2,692 per ounce, marking a new record high with further upward momentum expected. Since the beginning of the year, gold has gained over 30%, repeatedly setting new peaks. This rise is mainly attributed to geopolitical instability and the likelihood that the U.S. Federal Reserve will continue lowering interest rates. Meanwhile, Israel announced the elimination of Hamas leader Yahya Sinwar during an operation in southern Gaza. During U.S. trading, gold saw a brief pullback after retail sales data showed a slight increase in September, and U.S. jobless claims unexpectedly fell last week. However, the overall trend remains strong as global economies continue to lower interest rates, supporting gold prices.
OANDA:XAUUSDLong
by Pierce_Bowers
What changes in gold price today ?Gold is currently trading around $2,649 USD, showing little movement compared to the same time during yesterday’s session. Looking ahead, there’s a possibility that gold could drop to the $2,600 USD/ounce level. However, the safe-haven demand, fueled by concerns over geopolitical tensions in the Middle East, is likely to help gold regain its strength quickly. In the short term, gold may continue its consolidation phase, much like the past few weeks, as it navigates between Middle Eastern conflict and the Federal Reserve’s monetary easing policies. On a more optimistic note, while the surge of the USD and strong economic data could have pushed gold lower, the recent decline has been relatively shallow. This suggests that the buying interest in gold is far from over.
OANDA:XAUUSDLong
by Pierce_Bowers
EURUSD : Preferred sales strategy.Analysis: Pattern Breakdown: The price has broken below the rising trendline, confirming a bearish sentiment. Resistance Zone: There's a highlighted zone around 1.0950 – 1.1000, where a previous support level is now acting as resistance. Support Target: The chart suggests a potential move down towards the key support area around 1.0790. Trading Strategy: Sell Opportunity: If EUR/USD retests the resistance zone (1.0950 – 1.1000) and fails to break above, this presents a selling opportunity. Target: The initial target would be the 1.0790 level, which is a key support area and the next significant downside target. Stop Loss: Place a stop-loss above the 1.1000 level to manage risk in case of a reversal.
Short
by Pierce_Bowers
BTCUSDT trading strategy today!BTCUSDT appears to be in a consolidation phase after a recent breakout from a descending trendline that previously acted as resistance. This breakout, happening near the $66,051 level, was followed by a strong upward move, suggesting bullish momentum has strengthened. Key levels to watch: Support Zone ($66,000 - $66,500): After breaking out, the price has revisited this zone, and it now acts as a key support. Bulls are expected to defend this level to maintain the uptrend. Resistance ($67,000 - $68,000): The price has met some resistance around the $67,000 area. However, with the bullish structure intact, there’s potential for another leg higher, with the next target around $68,000 or higher. The price action shows two previous descending moves marked by ellipses, both of which were rejected around the $66,000 level before breaking out. This area continues to be a battleground, and the bulls are currently holding above it. As long as BTC stays above $66,000, further upside is likely. Projection: There’s a potential for BTC to retest the support zone before continuing the upward move. A bounce from this zone could see BTC heading towards $68,000 in the short term, as indicated by the curved blue arrow. Summary: BTC has successfully broken out of the downward trendline, and the current retest of support around $66,000 could be a healthy consolidation before the next upward push. If the bulls can maintain control, we could see BTC continue to climb towards $68,000 and beyond.
by Suyouu
US30 Will Fall! Sell! Take a look at our analysis for US30. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 43,093.6. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 42,352.4 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
PEPPERSTONE:US30Short
by SignalProvider
2
BITCOIN Will Go Lower From Resistance! Short! Please, check our technical outlook for BITCOIN. Time Frame: 45m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 67,305. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 66,683 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
BITSTAMP:BTCUSDShort
by SignalProvider
2
GBPJPY Will Go Lower! Sell! Take a look at our analysis for GBPJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 194.510. The above observations make me that the market will inevitably achieve 193.839 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
NAS100USD Will Go Down! Short! Please, check our technical outlook for NAS100USD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 20,224.4. Taking into consideration the structure & trend analysis, I believe that the market will reach 19,881.5 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
OANDA:NAS100USDShort
by SignalProvider
1
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2,679.580. Considering the today's price action, probabilities will be high to see a movement to 2,648.659. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1