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The geopolitical situation is hotter in many placesIn early trading on Asian markets on Thursday (November 21), OANDA:XAUUSD Spot delivery suddenly increased rapidly in the short term and gold prices are currently approaching the 2,660 USD/ounce mark, threatening the trend from the price channel. Growing concerns about the Russia-Ukraine conflict, along with growing uncertainty in global markets, have supported gold's strong recovery this week. On Wednesday, as tensions between Russia and Ukraine escalated, leading to increased geopolitical unrest, investors sought the safety of gold, seen as a hedge against the risks of conflict instability. In response to Ukraine's first long-range missile attack on Russian territory, Russian President Vladimir Putin revised the nuclear weapons guidelines to lower the threshold for nuclear retaliation in response to an attack. series of conventional attacks, leading to increased geopolitical tensions. In addition to the situation between Russia and Ukraine, the tense situation in the Middle East is also a factor supporting gold prices. According to the official website of the United Nations and CNN, on November 20 local time, the United Nations Security Council voted on a ceasefire resolution in Gaza proposed by 10 non-permanent members. The resolution was not passed due to the United States' veto. The remaining 14 countries in the Security Council voted in favor. The resolution "demands that all parties immediately, unconditionally and permanently cease fire and reiterates their demand for the immediate and unconditional release of all detainees." In addition, the resolution further emphasizes the role of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) as the backbone of humanitarian relief operations in Gaza. Additional information, on November 20 local time, the Israeli army attacked a house in the Sheikh Radwan neighborhood, north of Gaza City, killing 66 people and injuring dozens of others. Analysis of technical prospects for OANDA:XAUUSD Gold is currently operating in a very important position for an uptrend from the price channel with price activity attempting to move above the upper edge of the price channel. On the other hand, the Relative Strength Index is also sitting right in the middle of the 50 level, if it breaks above this level it will be a bullish signal. Looking ahead, technically gold is still below resistance levels, from the price channel to EMA21 and the Relative Strength Index. So, it is not yet eligible for a bullish cycle. As long as gold remains below EMA21, it is not yet technically in a bullish position. During the day, with the current operating position, gold is still in an upward trend and notable points will be listed as follows. Support: 2,640USD Resistance: 2,668 – 2,684USD SELL XAUUSD PRICE 2676 - 2674⚡️ ↠↠ Stoploss 2680 →Take Profit 1 2669 ↨ →Take Profit 2 2664 BUY XAUUSD PRICE 2599 - 2601⚡️ ↠↠ Stoploss 2595 →Take Profit 1 2606 ↨ →Take Profit 2 2611
OANDA:XAUUSD
by Xayah_trading
1
Lingrid | GBPAUD Potential Channel BREAKOUT. ShortFX:GBPAUD is making lower lows and lower closes, indicating bearish pressure. The market is currently testing the previous daily low, and if it closes below this level, I believe it will continue to decline toward the channel's lower boundary. Yesterday’s candle featured a long-tailed bar, suggesting that the price may retest the round number at 1.93000. Given the gained bearish momentum, I expect the price action to break through the channel and move lower. My goal is support level at 1.93100 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3
GOLD is headed for a 5th day of increaseOANDA:XAUUSD rose for a fourth straight day and is headed for a fifth day of gains on Friday (November 22) as safe-haven demand picks up while traders assess the prospect of further policy easing by the Federal Reserve. Federal Reserve and increasingly escalating geopolitical risks. Gold prices recovered above $2,680 and were on track for their best weekly performance since April as the war between Russia and Ukraine escalated. Ukraine says Russia has launched a "new" ballistic missile toward the city of Dnipro, sending a worrying signal to Western supporters of Kiev. Escalating geopolitical tensions often push investors toward safe-haven assets like gold. When the United States vetoed the United Nations ceasefire resolution in Gaza, relations between Russia and Ukraine became tense again, ensuring gold's long-term appeal. Investors have flocked to safe-haven assets during the global crisis and gold prices have hit multiple record highs since conflict in the Middle East erupted last October. Since the beginning of this year, gold prices have risen nearly 30%, supported by solid central bank gold purchases, growing safe-haven demand and a cycle of interest rate cuts by the Reserve Federal. Although the recovery of the US Dollar put pressure on gold prices, safe-haven demand helped gold prices offset this pressure. A stronger US Dollar often makes goods priced in Dollars more expensive and less attractive. Spot gold prices rose 4% this week, their best gain since April, recovering from their biggest weekly drop in more than three years last week. Gold's decline was fueled by a rise in the US Dollar fueled by Trump's victory in the race for the White House. Investors are also focusing on several Fed officials expected to speak this week. Market expectations for a December rate cut have weakened significantly, with the probability now at 59.4%, much lower than 82.5% a week ago. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold broke out of the downtrend from the price channel and initially achieved the conditions for a new bullish cycle to be formed with a move above the EMA21 level. In addition, the Relative Strength Index is also pointing up to surpass 50, which is considered a signal for price increases in the near future. In the immediate future, gold will need to test and surpass the original price level of 2,700 USD. Normally, the original price levels are considered resistance or support depending on price position conditions. If gold surpasses 2,700 USD and maintains stability above the 0.382% Fibonacci retracement level, it will be able to continue to increase by more than 30 Dollars to reach the 0.236% Fibonacci level. Currently, gold has the conditions for a bullish cycle, so technically, combined with the escalating geopolitical risk of market shock, the trend of gold is leaning more towards the possibility of price increases. Notable technical points will be listed as follows. Support: 2,684 - 2,668USD Resistance: 2,697 - 2,700 - 2,732USD SELL XAUUSD PRICE 2711 - 2709⚡️ ↠↠ Stoploss 2715 →Take Profit 1 2704 ↨ →Take Profit 2 2699 BUY XAUUSD PRICE 2639 - 2641⚡️ ↠↠ Stoploss 2635 →Take Profit 1 2646 ↨ →Take Profit 2 2651
OANDA:XAUUSD
by Xayah_trading
World gold prices rebounded strongly as tensions escalatedGold prices increased due to bottom-fishing demand skyrocketing in the context of increasing Russia-Ukraine tensions. President-elect Donald Trump is unlikely to end the Ukraine conflict soon after coming to power on January 20. Currently, investors' attention is also focused on some officials of the US Federal Reserve (FED), who are expected to give speeches this week. Market expectations for a December rate cut have dropped significantly, with odds now at 55.7%, down from 82.5% just a week ago. Ms. Lisa Cook - member of the FED Board of Governors said that the country's inflation continues to decline, with wages and the job market "cooling down", rising prices mainly in the housing sector. With this trend, the FED's continued interest rate cuts are considered still appropriate. However, she did not confirm the possibility that the FED will cut interest rates at its next meeting in December. Goldman Sachs - one of the world's leading investment banks, has just raised its gold price forecast to 2,900 USD/ounce, about 89.2 million VND/tael in early 2025, an increase of 200 USD compared to the previous forecast. there. 🔥 XAUUSD SELL 2698 - 2700🔥 💵 TP1: 2685 💵 TP2: 2675 💵 TP3: OPEN 🚫 SL: 2708 🔥 XAUUSD BUY 2673 - 2675🔥 💵 TP1: 2685 💵 TP2: 2695 💵 TP3: OPEN 🚫 SL: 2668
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold: Uptrend to continue from 2650...Hello everyone, Tom here! As I predicted earlier, gold is becoming more attractive after the dollar entered a consolidation phase... currently at $2657. Accordingly, expectations of additional stimulus measures from China also supported the growth of the metal's price. The focus this week remains on the Fed's speech after signals that tensions in the Middle East are easing a bit. From a technical perspective, gold investors need to watch the range around $2650. Because Since the opening of the session, the price has increased quite strongly, which increases the resistance to stop this increase at the next resistance level. I am assuming its formation With wave 5 and the priority is to target profit taking at 2685 - 2700 respectively.
OANDA:XAUUSDLong
by TomtradeFX
2
GBPUSD: Sell Positive. Emphasis on 1,262FX:GBPUSD falling and reaction to the "flag" model. The price is checking the strong support level around 1,262 ... The basic context still supports the dollar. Theoretically, the currency briefcase after breaking the channel increases, the price has formed a adjustment and now is decreasing. The areas of interest in our case may be 1,260, 1,257, 1,252. Basically, the trend of this pair of money may be due to the weaker US dollar and the market environment is psychologically avoiding risks. Traders are still cautious in the context of geopolitical tensions and mild economic calendar. Fedpeak is noticed. There is no news until the Fed speaks, so the basic context remains the same. The market may stop and go into the consolidation process, but with the high possibility that the decline after a breakthrough 1,262 will continue ...
Short
by Bentradegold
1
OP / UsdtBINANCE:OPUSDT NASDAQ:OP / USDT: Clean bullish breakout on the daily chart! 📈 We've seen a bullish breakout that suggests strong upward momentum. Now, I'm waiting for the retest of the breakout area before considering an entry. This is a classic move that often provides a great buying opportunity for those who are patient! ⏳ I believe there’s a solid chance for a long position around the $1.980 - $1.950 support zone. This area has shown strong support in the past and could be the perfect spot for entering a trade. 💣 Once we see a confirmation of the retest and a potential bounce off this level, it could be go time! 🚦 Looking higher, the upper key resistance zone is around $2.650 - $2.700. This will be a critical zone to watch, as a breakout above this could signal an even stronger rally. 🚀 Pump potential: I’m eyeing a potential +/- 30% move if the breakout continues to play out as expected! 📈💥 See you in a few days! Let’s keep an eye on how the price behaves around those key levels! 👀 Remember, this is not financial advice. 🙅‍♂️📊 Always do your own research before making any trading decisions.
Long
by Wolftrader1337
2
ELI LILLY has at least +50% upside from here.Eli Lilly (LLY) has been trading within a 5-year Channel Up and last week closed below its 1W MA50 (blue trend-line) for the first time since the week of March 06 2023. Despite the bearish pressure of this Bearish Leg since July 15 2024, that last 1W MA50 closing was the previous Higher Low at the bottom of the Channel Up. The 1W RSI is on a similar level (just below 40.00) with all previous 4 major bottoms and the common characteristic of all was that the stock broke below the 1W MA50 but managed to keep clear and hold the 1W MA100 (green trend-line), practically the most important Support level of the market. If you want a confirmed buy entry, you might want to wait for yet another Bullish Cross on the 1W MACD (as it happened on all previous bottoms), otherwise this buy opportunity is good to go for at least +58% from the bottom (minimum rise among those 4 Bullish Legs). Our Target is $1135. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:LLYLong
by TradingShot
5
EURCHF Channel Down bottoming and giving a buy opportunity.The EURCHF pair has been trading within a Channel Down pattern on the 4H time-frame and is on its second Bearish Leg, pressured below the 4H MA50 (blue trend-line) since November 08. Having hit the 0.236 Channel Fib, the current forming of Lower Lows is similar to the bottom pattern formed on October 01. Even the 4H RSI sequences between the two fractals are identical, both on a Double Bottom that was the signal to buy at that time. Our Target is 0.93500, still below the 0.5 Fibonacci retracement (blue), which was broken during the October rebound. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
USDCAD top of Channel Up rejection. Strong sell.The USDCAD pair has been trading within a long-term Channel Up pattern since the July 14 2023 Low and on Monday it hit its top (Higher Highs trend-line) and got rejected. This is a similar peak to November 01 2023, with the 1D RSI turning downwards as well on an early sell signal. Initially, we expect at least the 1D MA200 (orange trend-line) to be tested, so our Target is 1.37300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
BITCOIN rally cant get caught anymore and SPXRUT ratio shows whyIt's beyond doubt now that Bitcoin (BTCUSD) has started the new Parabolic Rally (PR), technically the most aggressive phase of the Bull Cycle. We've made numerous analyses in the past explaining on time why we expected this break-out to take place after 7 months of accumulation. What we bring to you today is the SPX/RUT ratio, the correlation of the S&P500 (SPX) and Russell 2000 (RUT) indices against BTC and how it confirms that this rally will now accelerate to a pace that it won't be easy to get caught (i.e. bought). The SPX/RUT ratio is displayed by the blue trend-line. The ratio is particularly helpful during Bitcoin's Parabolic Rally phase as their correlation is mostly a negative one, meaning when the ratio falls, Bitcoin rises. On this chart, this correlation is present on a cyclical basis. This means that during every Cycle, it displays a behavioral pattern that is common. The key characteristic here is the Lower Highs pattern that the ratio forms every Cycle around the Halving time. As you can see, when SPX/RUT peaks (red circle) and starts forming Lower Highs, Bitcoin stars its Parabolic Rally (green arc). On the 1st Lower High, BTC's rally is already underway and has entered the stage where due to the sheer buying pressure and aggression, getting an entry is difficult. The Lower Highs on SPX/RUT also signify a shift from big capitalization stocks to low, i.e. an increasing appetite for riskier assets and that transcends to the Bitcoin market as well. So what do you think? Does the SPX/RUT ratio indicate that we've started the part of BTC's rally that is hard to catch? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
7
Going to 102KToday, guys we show you the longest and shortest our charts. First one is a monthly time frame, and it shows strategical targets, and the nearest one is 102K. Pay attention that price is coming to historical record of overbought level. This combination significantly increases the retracement chances once 102K target will be reached. Still, on 1H chart BTC accurately completed our 98K target - butterfly and 3-Drive patterns. Although downside retracement here is also possible, thus minimal butterfly target is 3/8 pullback to 96.50K area. But we do not expect that retracement will become more extended. The attractiveness and magic of 100K level strongly acts on the minds of investors, so by all efforts BTC will tend to touch 100K area
BITFINEX:BTCUSDLong
by Sive-Morten
1
GBPUSD: False Resistance Break Could Add to DeclineFX:GBPUSD Back to the liquidity test above after the free fall. The pair lacks bullish conviction amid a stable US dollar and as investors choose to wait for the Bank of England (BoE) Monetary Policy Report Hearing before placing strong bets. A clear bearish wave is forming on the larger timeframe, on the smaller timeframe the downtrend is formed based on negative fundamentals, which only strengthened after Trump's victory. Therefore, any strong resistance can easily hold the market. On H4, it is trying to break out of the main range, breaking the main support level. A consolidation is forming inside the channel, if sellers hold the 1.269 - 1.277 zone, we can expect a decline towards the areas of interest in the medium term. Resistance: 1.282 - 1.277 and 1.269 Support: 1.259 - 1.247 and 1.231 The focus is on the resistance level mentioned above, as the further struggle and movement of the market depends on this important zone at this point. The bearish structure will be broken when the local high at 1.282 i.e. (0.5 fib) is broken and the price consolidates above this zone.
Short
by Bentradegold
EURUSD : Realization continues, risks increase!Dear traders, EURUSD is currently in a bearish "flag" phase this Friday morning in Europe, influenced by risk-off flows stemming from escalating geopolitical tensions between Russia and Ukraine and concerns over potential U.S. tariffs on the EU... Now, there is nothing stopping it from further distribution. Key news is on the horizon that traders should approach with caution. A Fed rate cut. And the question is no longer "when" but "how much" the Fed will cut amid persistently high inflation over the past few months. From a technical perspective, the focus is on resistance levels at 1.055 and 1.054, which is the (fib 0.618). A gradual retracement and retest will increase the chances of a breakout. Now, selling pressure on this currency pair is intensifying, prices are entering a risk zone, and buyers are becoming increasingly cautious. We are monitoring the next key downside targets at 1.047-1.044...
Short
by Bentradegold