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XAU/USD: Is a Price Rally or Correction on the Horizon?The XAU/USD chart on September 26 reveals an intense battle as gold prices hover around $2,667, just after reaching a peak of $2,671.946. Buyers are making the most of two strong defensive walls: The EMA 34 at $2,639 and EMA 89 at $2,600. These shields are preventing any deep corrections, helping to sustain the robust bullish momentum. However, all eyes are now on the critical resistance at $2,671 – a significant psychological barrier. This level will determine whether gold can break through and climb to new highs, with a potential target of $2,702, or face a correction back to the support zone around $2,651 before resuming its upward trend. With the RSI reaching 69.45, the market is nearing the overbought zone, further increasing the likelihood of a pullback. Amid hot economic data from the U.S. and key speeches from the Fed, major market moves could happen at any moment.
OANDA:XAUUSDLong
by Zola_Hello
USD/JPY Breaks ResistanceToday, USD/JPY is holding steady around 145.00, and when I look at the daily chart, I see that the pair has broken the neckline at 144.50, which is a clear sign that the uptrend is gradually returning. This opens up the prospect of stronger growth in the near future. According to my analysis, as long as USD/JPY holds above 144.70 (with important support at 144.50), we can expect the bullish momentum to continue. My immediate profit target is 147.00, and given the current situation, the possibility of reaching this level in the short term is very positive.
Long
by ConanTradingFX
SOLUSDT today The SOLUSDT chart shows a bullish trend within an ascending wedge pattern. The price is currently approaching the resistance zone around 153.42 USD. After hitting this resistance, we might see a short-term pullback before a potential breakout occurs. Key Insights: The price has tested the upper resistance twice (red arrows), and a breakout above this level could signal a strong upward move. The ascending support line (green arrows) indicates that the overall trend remains bullish. If the price holds above 149–150 USD after a potential pullback, there is a high chance of an upward breakout toward the 158 USD level. Prediction: If SOLUSDT can break and close above 153.42 USD, expect a bullish continuation toward 158 USD. However, if the price pulls back to retest the ascending support line, this could provide a good buying opportunity before the next upward move.
by Suyouu
ETHUSDT ETH has experienced a downward move but found strong support around the 2,560–2,580 USD range, as shown in the chart. Despite the recent decline, the price has bounced from this support zone, signaling a potential reversal. The price is currently approaching the upper boundary of the descending channel, and if it breaks out, we could see a bullish continuation. Fundamental Impact: Recent market conditions and news surrounding Ethereum have remained positive, including increased institutional interest and developments in Ethereum's ecosystem. This could provide bullish momentum, further supporting a breakout. Prediction: If ETHUSDT breaks above the descending channel near 2,620 USD and holds, we could expect a rally toward 2,660 USD and potentially higher. If the breakout fails, the price may retest the lower support zone. Keep an eye on the 2,620 USD level for confirmation of the uptrend.
by Suyouu
SPX Is Bearish! Short! Take a look at our analysis for SPX. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 5,722.39. The above observations make me that the market will inevitably achieve 5,432.48 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!
SP:SPXShort
by SignalProvider
1
EUR/USD: Upside momentum becomes attractive!During the European session on Thursday, EUR/USD traded more steadily near 1.1150, supported by a fresh sell-off in the US dollar. Risk sentiment is weighing on the safe-haven greenback as all eyes turn to upcoming key speeches from ECB President Lagarde and Fed Chairman Powell. Looking ahead, I expect EUR/USD to remain bullish as long as the price remains above the key 34-EMA. The first resistance I target is the 2024 high at 1.1214 (September 25), followed by the 2023 high at 1.1275 (July 18). Wish you all, profitable trading!
Long
by ConanTradingFX
NZDJPY Will Move Lower! Sell! Please, check our technical outlook for NZDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 90.996. Taking into consideration the structure & trend analysis, I believe that the market will reach 90.447 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
Gold prices continue to hold high amid profit-taking pressureHello everyone, let’s join in analyzing today’s gold prices! XAUUSD is continuing its strong uptrend, currently trading around $2,659. In the short term, the bullish momentum is clear, with the trendline, EMAs, and other technical factors all supporting buyers despite previous pressure. However, with the profit-taking resistance still intact at $2,670, buyers may significantly weaken, especially with today’s scheduled news, which could cause major volatility. Traders might consider selling if the price forms a double top around $2,670, with a target of $2,625. SELL GOLD: 2670 - 2672 STOPLOSS: 2675 TP: 2640 , 2625 Wishing you all successful trades and great profits!
OANDA:XAUUSDShort
by ConanTradingFX
Gold Continues to ClimbThis latest gold price chart shows that prices have been in a strong uptrend. Gold has been steadily rising since the beginning of September, with many prices closing higher than they opened, which is a clear sign of investor optimism. The price has been moving within and mostly above the upper Bollinger Bands, which suggests that the price move has strong momentum, with higher than average volatility. The Bollinger Bands are now widening, a sign that price volatility is likely to continue to increase. This also reflects the level of uncertainty and volatility that the market is experiencing. The 20-day SMA, which has been acting as short-term support, now appears to be sloping up, suggesting that the uptrend is likely to continue.
OANDA:XAUUSD
by Naoomi
Gold Prices Edge Up on PPI Data, Interest Rate DecisionGold prices edged up in the US session, reacting to the latest PPI inflation data. The US Labor Department said the PPI rose 0.2% in August, beating expectations for a 0.1% increase. The core PPI also rose 0.3%, but annual wholesale inflation came in at 1.7%, below the 1.8% forecast. The move reflects concerns about inflation and expectations that the Fed will be more flexible in monetary policy, especially after the ECB cut interest rates, contributing to the appeal of gold as a safe-haven investment. Gold prices closed at $2,534.60 an ounce, up $24.10. Gold is in a strong recovery phase after hitting a low of $2,486.019. The bounce from the 0.618 Fibonacci level of gold shows a strong bullish trend, and this level is being viewed by the market as key support. After breaking above the 0.618 level, gold is now looking towards the 1.618 Fibonacci level ($2,543.422). A successful break above this level could lead to further upside towards the 1.618 Fibonacci level at $2,578.897, which would strengthen the case for a stronger uptrend. The immediate resistance to watch is at $2,578.897, an area that has seen resistance in the past. If the price fails to break above this level, a correction or trend reversal could occur. In the event of a correction, the next important support level to watch is at $2,486.019, where the price has reacted strongly in the past and could continue to be a strong bounce point for the price.
OANDA:XAUUSD
by Naoomi
1
BNBUSDT today Based on the BNBUSDT chart, we observe that BNB has encountered strong resistance in the 610 - 615 USDT zone (marked in orange), where the price reversed after failing to break through. Currently, BNB is trading around 596 USDT and finding support in the 590 - 595 USDT zone (marked in blue). Technical Analysis: BNB may experience a short-term recovery from the 590 - 595 USDT support zone, aiming to retest the resistance zone at 610 - 615 USDT. If BNB fails to break through this resistance, the price is likely to continue its downward correction. A more bearish scenario could unfold if BNB breaks below the current support zone, potentially leading to a sharp drop towards the 580 USDT level, which serves as the next key support. Conclusion: In the short term, if BNB holds above the 590 - 595 USDT support zone, the price may recover and retest the 610 - 615 USDT resistance level. However, if the price breaks below the current support, a significant drop towards the 580 USDT level may occur.
by Suyouu
GBP/USD continues uptrend from 1.330Conan says hello to everyone! Today, we are seeing the GBP/USD pair struggling around 1.3400 in the European session on Wednesday, as it reversed from a 30-month high of 1.3430. It seems that many traders are taking profits from long positions in the British Pound, putting pressure on the pair, despite the weakening US Dollar and the market still in a risk-on trend, according to Fedspeak experts. Furthermore, from the chart analysis, the uptrend is still working very well with the price increasing continuously and there is no sign of a significant drop that will put the currency in a precarious situation. The current price is retracing to test the 0.618 FIbonacci level at 1.330. After that, at this point, we can expect the price to recover, aiming higher in the near term.
Long
by ConanTradingFX
ETHUSDT : Downward correction in price channel . Based on the provided ETHUSDT chart, ETH is trading within a descending price channel, with strong resistance at the upper trendline. The price is currently hovering around 2,643 USDT and has failed to break through the upper resistance, indicating that buying pressure is insufficient to push prices higher. Technical Analysis: ETH has attempted to test the upper resistance of the channel but has been unsuccessful, increasing the likelihood of a short-term decline. The 34 and 89 EMA lines are providing dynamic support for ETH, particularly around the 2,608 USDT level, which serves as a crucial support zone to watch. If the price breaks below the lower trendline of the descending channel, a deeper drop towards lower levels around 2,580 USDT or further could be expected. Conversely, if ETH manages to recover and break the upper resistance of the channel, the price could rise toward the higher levels around 2,680 - 2,700 USDT. Prediction: In the short term, ETH is likely to continue its downward movement, testing lower support levels near 2,608 USDT before potentially experiencing a minor rebound.
by Suyouu
BTCUSDT: Trend and Trading StrategyBitcoin (BTC) is maintaining its upward momentum due to economic factors and market news. A weaker USD and falling U.S. bond yields are making Bitcoin more attractive to investors. Key factors influencing BTC: Weaker USD: A declining USD value makes Bitcoin more appealing for investors using other currencies. Lower bond yields: Low-interest rates push investors towards assets like Bitcoin. Regulatory news: Expectations of Bitcoin ETFs boost institutional investor interest. Global economic uncertainty: Geopolitical tensions and recession fears drive demand for safe-haven assets like Bitcoin. Technical analysis: Support: $64,200 - $64,300 Resistance: $64,576.51 If Bitcoin holds above the support range, it could break through resistance and rise towards $65,200. Trading strategy: Wait for a breakout above $64,576.51 and enter long with a target of $65,200. Buy near support at $64,200 - $64,300 and sell around $64,500 - $64,600. Stop loss: Set a stop loss below $64,300 to manage risk. Bitcoin has strong potential to break higher as the market continues to favor upward momentum.
by Suyouu
DXY Will Go Lower From Resistance! Sell! Please, check our technical outlook for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 100.056. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 99.322 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!
CAPITALCOM:DXYShort
by SignalProvider
1
GOLD Will Go Lower! Short! Here is our detailed technical review for GOLD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,655.654. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,605.078 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!
OANDA:XAUUSDShort
by SignalProvider
1
Will Gold Break Resistance at $2,670?Hello everyone, Today, the price of gold (XAUUSD) continues to hold steady around the highs, with the resistance level of $2,670 on the 4-hour chart still intact. Currently, gold is hovering around $2,653, down slightly by 0.14% on the day. On the technical chart, it is worth noting that the resistance at $2,670 may be under pressure from profit-taking after yesterday's action. The RSI is trending down, although the price is still supported by the 34 and 89 EMAs, with a dynamic support level around $2,610. The rising DOW also suggests that the price of gold will continue to rise without any significant reversal signs. Based on the Fibonacci level, if the rally continues, the next recovery level could be $2,625 (0.618). New take profit level to watch: 2743 Support level to watch: 2625, 2611 What do you think about this assessment?
OANDA:XAUUSDLong
by ConanTradingFX
CADJPY Is Very Bearish! Short! Here is our detailed technical review for CADJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 106.050. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 105.642 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!
Short
by SignalProvider
5
SOLUSDT Based on the current SOLUSDT chart, Solana has broken out of a descending channel and is attempting to continue its upward momentum. Here are the key highlights from the technical analysis and market impact: Breakout from the Descending Channel: Solana has broken through the upper resistance of the descending price channel. This indicates strong bullish momentum, and SOL is now targeting higher price levels. Key Support and Resistance Levels: The support zone is around 146 - 148 USDT (highlighted in green). This area may provide a foundation for further upward movement if the price pulls back slightly. The major resistance is at 152 - 154 USDT (highlighted in orange). If SOL breaks this resistance, it could push higher with a clear bullish trend. Short-Term Expectations: SOLUSDT is likely to experience a slight correction towards the support level around 148 USDT before finding new buying pressure and attempting to test the resistance zone at 152 - 154 USDT. A successful breakout above the resistance could lead to a significant upward move, with higher targets becoming viable. Forecast: In the short term, SOLUSDT is expected to retrace slightly towards the 148 USDT area before bouncing back to test the key resistance at 152 - 154 USDT. The weakness of the US dollar and positive sentiment in the cryptocurrency market could fuel further growth for SOLUSDT.
Long
by Suyouu