Not hurry up with a new longMorning folks,
So, Monday's setup is done perfect, we've got long entry around 66K support area as we've planned. But next step currently is not evident.
The point is that the retracement starts across the board - DXY, FX, Gold, Bonds etc... BTC in recent few weeks had a bit special performance. And mostly it was moving higher on D. Trump crypto programme.
Currently we wouldn't hurry up with a new long entry. Those who bought around 66K could keep positions with breakeven stops.
Signals
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
GASOLINE Bottom confirmed. 3-month rally ahead.Gasoline (RB1!) formed a confirmed technical bottom on the 3.5-year Support Zone and the Lower Lows of the Falling Wedge. At the same time, the 1W RSI bounced from oversold territory (below 30.00) back above its MA trend-line, confirming a bullish reversal.
The previous Lower Lows bottom reached marginally above the 0.786 Fibonacci retracement level. As a result we remain committed to our long-term Target of 2.600 (below also the Lower Highs trend-line), which we expect to get hit within the next 3 months.
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BITCOIN This 1D Golden Cross can push it to the ATH ($73800).Bitcoin (BTCUSD) is ahead of a major bullish formation as most likely by next Monday, it will form a Golden Cross on the 1D time-frame, the first such formation since October 29 2023. As we've analyzed before, it is no coincidence that exactly 1 year later a new 1D Golden Cross emerges as seasonality and long-term Cycles play a pivotal role for BTC.
On top of that, the price made a major re-test (and so far bounce) at the top of the former Channel Down that broke upwards last week. If this re-test holds, it is the best short-term signal for a new High. In fact the price has been making Higher Highs since the August 05 bottom, forming a double Channel Up pattern, and those Higher Highs are the reason why the market got behind this rally and supported it to break above the 7-month Channel Down.
So the Higher Highs along with the 1D Golden Cross are the bullish combination that the market needs to look (much) higher. The first technical target now is naturally the 73800 All Time High (ATH). It is very possible to see it get tested by the election day.
But what do you think? Do you expect the ATH to break aggressively after the elections, just like the October 2023 1D Golden Cross did? Feel free to let us know in the comments section below!
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WTI crude oil trend is neutral, with more bearish conditionsTVC:USOIL continued to recover from a decrease of 1% in the previous trading day after the US announced that crude oil inventories increased much higher than expected. After falling back, it continued to rise as the US election approached causing commodities to revive inflation expectations and the possibility of a further recovery in oil prices.
The U.S. Energy Information Administration (EIA) said on Wednesday that crude oil inventories rose sharply, rising 5.5 million barrels to 426 million barrels in the week ended October 18, compared with market expectations. market for an increase of 270,000 barrels.
Current concerns about potential oil supply risks due to conflict in the Middle East have partly offset the impact on crude inventories.
On the daily chart, TVC:USOIL Trading is currently quite slow with price activity mainly around the EMA21 level.
Although WTI crude oil has recovered, the recovery is still temporarily limited by the resistance level of 72.39 USD and the 21-day moving average (EMA21). In case WTI crude oil price increases and breaks the level of 72.39 USD, it will tends to rise a little further to test the 0.382% Fibonacci retracement level.
The current recovery level of WTI crude oil is still not enough to create a bullish cycle as the Relative Strength Index is also approaching point 50, a position considered to be under pressure in terms of momentum.
Once WTI crude oil is sold below the 0.236% Fibonacci retracement level, the recovery cycle will end with the target level then around $68.19 in the short term, more so than $67.14.
During the day, the technical outlook for WTI crude oil is currently neutral, with more bearish conditions and notable levels listed below.
Support: 70.56 – 68.19USD
Resistance: 72.39 – 73.80USD
Lingrid | TRXUSDT continuation OPPORTUNITY from SWAP zoneThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:TRXUSDT pulled back toward the swap zone that has been tested multiple times previously, and it took liquidity below the equal lows, creating a false breakout of this significant level. Given that the overall trend remains bullish, it seems likely that the market may enter a short-term sideways phase between the levels of 0.1570 and 0.1650. The presence of a recent bullish candle supports the idea of a potential upward continuation. If the market maintains its position above the swap zone, we could see a move higher if it regains momentum. My goal is resistance zone around 0.1620
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Reached the top and suddenly fell verticallyGold costs reduced after statistics approximately americaA housing marketplace in September. According to americaA National Association of Real Estate (NAR), general income of present homes, consisting of personal houses, townhouses, and residences condominiums and cooperatives, fell 1.0% to a seasonally adjusted price of 3.eighty four million gadgets in September. The records turned into higher than expected, as economists had forecast a 1.3% decline. right all the way down to 3.eighty million gadgets. Total sales for August turned into additionally adjusted as much as 3.88 million gadgets from the formerly pronounced 3.86 million gadgets. Year-on-year, income sales reduced with the aid of using 3.5% in comparison to September 2023.
In addition to the motive coming from new financial records, the lower in gold costs may also be a profit-taking circulate with the aid of using many investors, after this valuable steel has constantly peaked withinside the beyond few weeks. Experts additionally word that notwithstanding a robust adjustment, gold costs nevertheless keep above 2,seven-hundred USD/ounce with long-time period assisting elements together with geopolitical instability and hobby price slicing regulations of a chain of primary banks.
🔥 XAUUSD Buy limit 2715 - 2717 🔥
✔️TP1: 2730
✔️TP2: 2750
✔️TP3: OPEN
🚫SL: 2708
➖➖➖➖➖➖➖➖
🔥 XAUUSD Sell limit 2736 - 2738 🔥
✔️ TP1: 2725
✔️ TP2: 2715
✔️ TP3: OPEN
🚫SL: 2746
USOIL Ready for $75!WTI oil prices have climbed back to $71.60 per barrel, supported by geopolitical tensions in the Middle East, particularly due to the conflict between Israel and Hezbollah. The possibility of disruptions in oil supplies from the region fuels market uncertainty. However, the significant increase in US crude oil inventories, far exceeding expectations, is putting downward pressure on prices, indicating a potential oversupply. Additionally, the strengthening US dollar, which has reached its highest level since July, is reducing oil demand by making it more expensive for foreign buyers. These factors limit the potential for price increases, despite geopolitical concerns.
EUR/NZD's Bullish Signal: Targeting 1.84 with Strong Risk-RewardAfter hitting a local low near the 1.75 zone earlier this month, OANDA:EURNZD reversed to the upside, beginning its first leg of recovery and surpassing the key 1.80 level.
Over the past two weeks, the pair has been in a phase of correction and consolidation, hovering just below this important resistance.
However, yesterday’s strong bullish move may signal the end of this consolidation phase.
Looking ahead, I anticipate a new leg up, with the potential for the price to retest the 1.84 resistance level.
For traders, positioning with a stop-loss placed just below the recent low offers a compelling 1:4 risk-to-reward ratio.
Gold Price Fluctuates Strongly As USD IncreasesBased on the chart and information you provided, gold prices are under downward pressure due to the continued rise in the USD and the US bond yield rising to 4.25%, which has limited the flow of investment capital into the precious metal. On the chart, after hitting the resistance level around $2,757, gold prices reversed and fell below $2,720.
Currently, gold prices are likely to continue to correct to the support zone around $2,700. If this support zone fails to hold, the price is likely to continue to fall further. However, if the price holds above the support level, there may be a recovery and retest the resistance zone of $2,750-2,760.
USD-JPY Bullish Breakout! Buy!
Hello,Traders!
USD-JPY keeps growing
And the pair made a strong
Breakout of the key horizontal
Level of 151.600 which is now
A support and as the breakout
Is confirmed we will be
Expecting a further move up
Buy!
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XAU/USD: Ready for a Pullback!The price of gold (XAU/USD) has recently retreated from an all-time high of around $2,560 and is currently trading slightly below $2,720, complicated by the strength of the US dollar and rising US Treasury yields. Technically, the $2,750 level has shown signs of rejection, making it a key resistance, while immediate support is located at $2,725, near the lower boundary of a two-week ascending channel. A convincing break below this support could trigger technical selling, pushing the price down toward $2,700 and subsequently to $2,680-2,675, where the 100-period simple moving average resides. Despite overbought conditions and pressure from the dollar, political uncertainty and the risk of escalating tensions in the Middle East continue to support demand for gold as a safe haven. That said, gold seems poised for a correction toward $2,675, and we will see in the coming days if it gives us a signal for a short entry. Good evening and happy trading to everyone.
GOLD eased slightly from new era highsContinuing to be influenced by the approaching US presidential election and the increasingly new conflict in the Middle East, along with other conflict risks in the Asian region have boosted OANDA:XAUUSD continues to be the top haven asset refreshing to new all-time levels.
A Reuters/Ipsos poll shows Democratic Vice President Kamala Harris leading former Republican President Donald Trump by a slim margin, 46% to 43%.
Strong buying activity by central banks and expectations of US interest rate cuts have also supported gold's 33% increase this year. Fed officials continue to weigh in on the future, with Jeffrey Schmid favoring a slower pace of rate cuts and Mary Daly predicting deeper cuts.
Citigroup raised its three-month price forecast by 3.7% to $2,800 an ounce on expectations that continued labor market weakness will boost demand.
Israel and its rivals Hamas and Hezbollah have vowed to continue fighting in Gaza and Lebanon, leaving little hope for a solution to the ongoing conflict in the Middle East. Rising geopolitical tensions often cause investors to flock to safe-haven assets such as gold as a "bunker" against risk and uncertainty in global markets.
In the context of geopolitical and economic instability, gold is considered a safe haven tool to hedge risks, and lower interest rates also increase gold's investment appeal. Gold is up more than 33% this year and has renewed all-time record highs multiple times.
Analysis of technical prospects for OANDA:XAUUSD
Gold has not yet broken the price channel with the upper edge confluent with the price channel and this is considered the most important resistance currently.
Gold is down a bit from the aforementioned confluence but overall in the interim it can only be seen as a weak correction signal, with the Relative Strength Index pointing down without breaking the 75 level, if the RSI turns down Below level 75 it will send a clearer signal for a correction towards the 50 area.
Temporarily, gold's decline should only be considered a short-term correction, technical conditions still support the possibility of price increases. However, in case gold falls below the 1% Fibnonacci level it would be a good signal for a possible further correction with a target then around $2,721 and more to the $2,711 Fibonacci level. 0.786% expansion.
During the day, the bullish prospect of gold prices with technical correction cases will be noticed again by the following price points.
Support: 2,721 – 2,711
Resistance: 2,748 – 2,750
SELL XAUUSD PRICE 2767 - 2765⚡️
↠↠ Stoploss 2771
→Take Profit 1 2760
↨
→Take Profit 2 2755
BUY XAUUSD PRICE 2709 - 2711⚡️
↠↠ Stoploss 2705
→Take Profit 1 2716
↨
→Take Profit 2 2721
NZD-USD Long From Support! Buy!
Hello,Traders!
NZD-USD keeps falling down
And the pair is locally
Oversold so after it hits
The horizontal support level
Below at 0.5975 we will be
Expecting a local
Bullish correction
Buy!
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XAUUSDHere is our view and update on XAUUSD . Potential short opportunity.
As per our last mind, we were waiting for signs of exhaustion on XAUUSD . We have also broken the structure and our KL (Key Level) 2737 .
In detail,
As price on XAUUSD has broken our KL (Key Level) that’s sitting at 2737 , it has also broken the upside structure . We are entering at the break of our KL at 2737.811 with SL sitting at 2749.285 as it would invalidate the trade idea and continue the bullish movement creating new highs. Our TP (Take Profit) is sitting at the previous ATH (All Time High) 2685 .
PARAMETERS
- Entry: 2737.811
- SL: 2749.285
- TP: 2685.800
KEY NOTES
- XAUUSD price is showing exhaustion.
- XAUUSD broke our KL (Key Level).
- The bullish structure has been broken.
- Breaking above our SL would result in more upside.
Happy trading!
FxPocket
GOLD: Strong Bullish Bias! Buy!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,761.205$
Wish you good luck in trading to you all!
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
SILVER: Market Is Looking Down! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 34.24632$
Wish you good luck in trading to you all!
EURUSD: Move Up Expected! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 10.07915
Wish you good luck in trading to you all!