GOLD: Bears Will Push Lower
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GOLD pair which is likely to be pushed down by the bears so we will sell!
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GOLD - Price can exit from pennant and then start to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price started to decline inside falling channel, where it at once reached $2645 level and broke it.
Then price rose to resistance line of channel, after which bounced and continued to decline in channel.
Later it reached $2645 level, broke it, and fell to support line, but soon made upward impulse and broke $2645 level again.
Also, price made gap exited from falling channel and continued to grow inside pennant, where it reached $2720 level.
Gold broke this level and rose to resistance line of pennant pattern, but recently fell to support line and made a gap.
I think that price can rise a little, exiting from pennant, and then fall to $2700, breaking support level.
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SILVER Will Go Lower! Short!
Please, check our technical outlook for SILVER.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 34.071.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 33.443 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.
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GOLD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GOLD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2,683.880 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the GBP/CAD with the target of 1.784 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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GBP/AUD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are now examining the GBP/AUD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.957 level.
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Chipotle (CMG): Awaiting strong correction in bearish waveAfter the recent 50-1 stock split, we revisited Chipotle's chart, refining our analysis for a clearer picture. With the adjusted setup, we’re more confident in our outlook for a potential bearish correction. Our initial turn-around zone was spot-on when factoring in the split, and we remain committed to our analysis.
Today, NYSE:CMG reached the targeted Wave B area at the 61.8%-78.6% Fibonacci level. Immediate reactions are often rare, but we believe a reversal could materialize soon. We’re eyeing the range between $43-$26, near the trendline, as a potential target zone for the next phase in this corrective wave pattern.
In the second quarter, Chipotle posted an 18.2% year-over-year revenue growth, boosted by an 11.1% rise in comparable restaurant sales and over 8% transaction growth. The earnings report tomorrow will likely attract more investor attention, but our approach focuses on technical entries at key levels rather than earnings reactions.
We have alerts set and are prepared to buy when the scenario aligns. Until then, patience and disciplined timing will guide our approach.
Deutsche Bank (DBK): Earnings beat but loan losses double We missed the optimal entry for Deutsche Bank (DBK), but the analysis was accurate overall. The earnings report showed some resilience with a revenue increase of 5.2% year-over-year, reaching €7.50 billion, slightly above analyst expectations of €7.30 billion. The stock reacted with a modest dip, but nothing significant. However, Deutsche Bank reported a notable rise in loan losses, which doubled to €494 million in Q3 2024 compared to €245 million a year ago, aligning closely with the €482 million forecasted by analysts.
From a technical standpoint, our primary count still appears valid, though it’s a bit on the lower side. This could indicate that wave 3 might not be the longest wave in this count, which is atypical but possible as long as it’s not the shortest.
We’re targeting a potential endpoint for wave 5 within the HTF resistance zone, aligning with the 50-61.8% Fibonacci extension level, where we could look for a long position if the setup confirms. We will continue to monitor DBK closely as this potential target level nears and adjust accordingly.
GOLD What Next? SELL!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2740.0 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2729.5
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
NATGAS The Target Is DOWN! SELL!
My dear followers,
I analysed this chart on NATGAS and concluded the following:
The market is trading on 2.525pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.384
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPAUD Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for GBPAUD is below:
The price is coiling around a solid key level - 1.9684
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.9541
My Stop Loss - 1.9755
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURAUD: Bearish Continuation & Short Signal
EURAUD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell EURAUD
Entry Level - 1.6393
Sl - 1.6458
Tp - 1.6260
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD My Opinion! SELL!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 2745.4
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2736.2
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Gold can rise almost to resistance line and then continue fallHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price entered to buyer zone and some time traded inside, and even tried to break the 2505 level. But later, the price finally broke this level and rose a little, after which made a small correction and continued to move up inside the upward channel. Some time later Gold rose to the resistance line of the channel, which coincided with the current support level with the support area, and then started to decline. In a short time, the price fell to the support line of the channel and then turned around and continued to move up. Soon, the price reached the 2680 level again, and now broke it, after which rose to the resistance line of the channel, and some time traded near. Recently, the price bounced down and now it trades a little below. So, I think that the price can make a small movement up and then continue to decline to the 2680 support level, where is locate my TP. Please share this idea with your friends and click Boost 🚀
GBP/NZD SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the GBP/NZD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2.160.
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EUR/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.801 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/NZD pair.
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EUR/AUD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR/AUD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.633 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USOIL BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are now examining the USOIL pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 68.29 level.
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EURUSD Is Trading under The Pressure Of A Strong UsdHey Traders, in tomorrow's trading session we are monitoring EURUSD for a selling opportunity around 1.07900 zone, EURUSD is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below 1.07900 support area we will be looking for a potential retrace of the trend towards further downsides.
Trade safe, Joe.
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.29750 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.29750 support and resistance area.
Trade safe, Joe.
EURNZD Set To Fall! SELL!
My dear friends,
EURNZD looks like it will make a good move, and here are the details:
The market is trading on 1.8055 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.7932
Recommended Stop Loss - 1.8125
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK