Lingrid | GOLD Buying OPPORTUNITY from Psychological LevelThe price perfectly fulfilled my last idea. It hit target zone. OANDA:XAUUSD bounced off the psychological level at 2700 after breaking out of the consolidation zone. Given that it has also broken the previous week's low, there is a possibility of a fake breakout at this level. It seems likely that the market may move sideways until the upcoming Fed rate cut decision is announced. This anticipation often leads to decreased volatility as traders await direction. If the market does pull back towards the support level and shows signs of rejection, it would strengthen the case for a move higher after the news is released. My goal is resistance zone around 2760
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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.
Gold Dips After Rally: Is This the Perfect Buy Opportunity?Hello wonderful friends!
Today, gold prices are showing signs of correction after a period of strong growth, currently hovering around the support level of 2750 USD. Profit-taking pressure after the recent surge has dragged gold prices lower, but the precious metal has maintained its growth momentum for the fourth consecutive month thanks to safe-haven demand.
In Ben's view, gold may enter a consolidation phase, fluctuating between 2750 - 2716 USD before entering a tense period with the US election and the important Fed meeting. Moreover, geopolitical factors and uncertainty ahead of the election results will continue to support gold, while investors seem to be taking advantage of the opportunity to "buy on correction".
Lingrid | EURUSD bearish MOMENTUM: Short from RESISTANCE zoneThe price perfectly fulfilled my last idea. It reached the take profit level. FX:EURUSD has recently formed a strong impulse leg down, breaking and closing below the previous support level on the 4H timeframe. Currently, the price is generating a long-tailed bar, which could indicate a potential pullback against major trend. Also recent surge in the TVC:DXY , shows a bearish sentiment and on the daily timeframe, the price broke through the upward trendline that has been in place since April, further confirming bearish sentiment. I expect a pullback in the near term, but the overall trajectory seems to suggest that the market will continue to move down or consolidate after the impulse leg. My goal is support zone around 1.06700
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Short analysis GBP/USD todayGBP/USD has just broken the channel in the long term, confirming the current decline. If the momentum continues, the main support levels for monitoring Fibonacci are:
1,2809 (Fibo 0.382): The first closing support level.
1,2662 (Fibo 0.618): The important support level, may have a stronger purchase force.
1,2425 - 1,225 and 1,2042: Lower target if the decline continues.
Ready for the US election, GOLD still fluctuates quite modestlyOANDA:XAUUSD volatile without a clear trend, as uncertainty over the US election has fueled market expectations of a controversial outcome and possible political tensions, while investors also Close attention should be paid to the Federal Reserve this weekend during their monetary policy meeting.
The US presidential election takes place on Tuesday, with polls showing Democratic candidate Kamala Harris and Republican candidate Donald Trump in a tight race for the White House.
A Reuters/Ipsos poll last month showed public fears that the US could repeat the riots that followed Trump's 2020 election loss, when hundreds of people stormed the country after he claimed that his defeat was due to fraud in Congress.
If Trump wins, I think gold will fall then rise quickly again because a Trump win will benefit the Dollar and a stronger Dollar means gold will be under direct correlation pressure. However, we will not forget that under Trump, the tariff war and his policies created a long period known as the “Trade War”, which has caused gold prices to increase ever since. up to now.
Another focus this week is the Federal Reserve's interest rate decision on Thursday, with markets expecting a 25 basis point rate cut. Gold is considered a hedge against economic and political instability and often performs well when interest rates are low.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold has reached the support level most recently noticed by readers in the previous issue at the horizontal support level of 2,725 USD.
There has been a slight recovery as of the time this article was completed, but the level of recovery is not significant as the operating amplitude is still very slow while the downward RSI has not been reached yet. level 50, level 50 is considered a support or resistance point depending on the RSI's movement conditions.
In the short term, if gold moves above 2,745 USD, the resistance point you noticed in the previous publication, it will have the conditions to continue to increase further with a target of around 2,768 USD in the short term. , more than the 2,786USD price point of the 0.50% Fibonacci extension.
In a more negative case, gold breaks below 2,725 USD, it is likely to decline further with a target of 2,709 USD in the short term more than the original price of 2,700 USD which is also the price point of the 21-day moving average EMA21. Therefore, the short-term long-term protection level should be set behind the level of 2,725 USD, in the longer-term case the long-term open position protection level should be set behind the original price level of 2,700 USD.
In the immediate future, gold still has an upward trend in the medium and long term with support for the above mentioned price increase, and notable points will be listed as follows.
Support: 2,725 – 2,709 – 2,700USD
Resistance: 2,745 – 2,768 – 2,786USD
SELL XAUUSD PRICE 2777 - 2775⚡️
↠↠ Stoploss 2781
→Take Profit 1 2770
↨
→Take Profit 2 2765
BUY XAUUSD PRICE 2703 - 2705⚡️
↠↠ Stoploss 2699
→Take Profit 1 2710
↨
→Take Profit 2 2715
GOLD is waiting for more information from the electionOANDA:XAUUSD Still waiting for more information from the US Presidential election for a medium-term trend, investors need to prepare for political tensions after polls showed Donald Trump and Kamala Harris are both tied. each other on scores. The presidential election still has a very high possibility of a controversial result, and remember that in the 2020s when Trump lost the race for the White House, there were many riots in the US. protests led to mild political tensions.
With the tight race between former President Trump and Vice President Harris for control of the U.S. Congress at stake, in the event the result is unclear or controversial, this could aggravate further political instability.
Trump has repeatedly said that any defeat can only come from widespread fraud, echoing his claims in 2020. If the margins in key states are as close as expected, there is It may take several days to know the final winner.
Additionally, the Federal Reserve is expected to cut interest rates by 25bps on Thursday, following a sharp cut in September, while adding to US interest rate cuts this year.
Gold is considered a hedge against economic and political instability and tends to perform strongly when interest rates are low. This has helped gold gain nearly 33% this year so far.
Analyze technical prospects OANDA:XAUUSD
On the daily chart, gold's technical structure has not changed much. For more than 3 trading sessions, it has mainly moved sideways, because there has been no sudden impact from the fundamental factors.
Support at $2,725 helped gold recover yesterday but the RSI is still pointing down without reaching the nearest support level at 50. This shows that gold can still A little more bearish, and once the $2,725 support level is broken below it will be open to a little more downside with a target then around $2,709 – $2,700.
However, on the daily chart overall, gold still has conditions to increase with the main long-term price channel supporting the uptrend and the same with the medium-term price channel. The most notable support is the EMA21 level which is also keeping gold above it.
During the day, gold's main technical outlook is bullish with notable technical points listed as follows.
Support: 2,725 – 2,709 – 2,700USD
Resistance: 2,745 – 2,768 – 2,786USD
SELL XAUUSD PRICE 2777 - 2775⚡️
↠↠ Stoploss 2781
→Take Profit 1 2770
↨
→Take Profit 2 2765
BUY XAUUSD PRICE 2703 - 2705⚡️
↠↠ Stoploss 2699
→Take Profit 1 2710
↨
→Take Profit 2 2715
Lingrid | TRXUSDT pullback and CONTINUATION of the BULLISH trendThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:TRXUSDT has been showing a bullish trend, consistently making higher lows and higher highs. Recently, the price pulled back from the resistance zone but found support at the psychological level of 0.1600. After that, the market dipped below the previous week's low to grab liquidity before continuing its upward movement. Given these factors, I believe the market may reach the recent resistance zone again. My goal is resistance zone around 0.1676
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Lingrid | GOLD Pre-Election Weekly MARKET AnalysisOANDA:XAUUSD market recently bounced off a resistance zone, making a impulse move lower. The last time the market approached the psychological 2700 level, it reached 2685 and then bounced off the resistance zone, spending over three weeks in a sideways move before eventually hitting 2700. With the recent bounce off the resistance zone at 2787, it seems likely that the market could remain in a consolidation zone for now.
With the overall trend being bullish, any pullback could present an opportunity to enter long positions. However, it is important to consider that this upcoming week is an election week, which could lead to unexpected market reactions. Historically, the gold market has seen corrections after every election since 2012, and it is possible that we may see a similar pattern this time around, especially given that there has not been a red month since March. This scenario suggests that the market could spend another couple of weeks moving lower towards the October lows.
On the weekly chart, we also see a long-tailed bar, indicating a potential retest of the 2650 support zone if the price breaks and closes below the previous week's low. With the upcoming presidential election and federal funds rate announcements, it is important to remain vigilant and be prepared for increased volatility and potential market corrections.
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Gold Price Is About To Hit Lao Doc? Opportunity To Take Profit!Today, gold is showing signs of a potential bearish move on the technical front, highlighted by a significant crossover between the 34 EMA and the 89 EMA on the hourly chart. This crossover point, in theory, often indicates a potential trend reversal, suggesting a shift from recent bullish momentum to a potential bearish trajectory.
Technical Analysis Overview:
As illustrated on the provided chart, gold is currently trading around $2,736, with key support levels identified below. Targets for a bearish move are charted at approximately:
Target 1: Near $2,720, which aligns with recent support zones.
Target 2: Around $2,710, which provides deeper support if price falls below the first target.
Key Factors:
USD Strength: The recent strengthening of the US dollar has put downward pressure on gold prices, as investors typically view the dollar and gold as having an inverse relationship. Any further strengthening of the dollar could reinforce the bearish move for gold.
Interest Rate Expectations: Market participants are closely watching for any indications from the Federal Reserve regarding future interest rate hikes. Higher interest rates typically weigh on non-yielding assets like gold, making them less attractive to investors.
Geopolitical Tensions: While geopolitical factors have supported gold prices in recent weeks, any easing of tensions could lead to reduced safe-haven demand for the metal.
Trends and Strategy:
With the recent EMA crossover signaling a potential trend reversal, traders may consider a short position with conservative targets, initially focusing on the $2,730 level. If the price breaks below this level, the next support level at $2,720 could act as a secondary target.
1 hour XAUUSD analysisGold price chart (XauUSD) in the current 1 hour frame reveal a potential picture with key price areas as follows:
Strong support area: The area around $ 2,730 has proved the role of a "wall" of solid support, where the price many times found the thrust up. This price is creating great expectations for investors to buy, hoping to take advantage of the increase in this area.
Signs of weakness of the downtrend: Trendline reduces the green color that has been slightly broken, referring to that selling pressure shows signs of slowing down. However, in order to officially confirm the price increase signal, the chart should show that the price exceeds the next resistance threshold.
Expect the upper resistance area: If the purchasing force appears and pushes gold prices up, the first resistance levels to be observed will be $ 2,747, followed by $ 2,758 and 2,760 USD. These are the "walls" of the price that the buyer needs to conquer to strengthen the trend of short -term increase.
Potential trading strategy: Investors can consider the purchase strategy if they see clear recovery signals from the $ 2,730 support area. The goal will be the above resistance areas. But if the price does not hold this support level and decreases deeper, the short -selling strategies may be considered with the expectation of the price continued to go down.
Lingrid | EURUSD pullback and Continuation BEARISH TrendThe price perfectly fulfilled my last idea. It reaced the target zone. FX:EURUSD has gapped up and it's moving toward the resistance zone; however, the overall trend remains bearish. There is a possibility that the market move down if it rejects the resistance zone and the upper border of the channel. Historical price action indicates that the market has bounced off this level multiple times, reinforcing its significance as a resistance area. I expect that the market to initially push above the previous week's high, followed bearish move to fill the gap. My target is support zone around 1.08510
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Lingrid | TONUSDT bearish MOMENTUM. ShortOKX:TONUSDT is currently making lower lows and has closed below the psychological support level of 5.00. The bounce from the support was weak, lacking any bullish momentum. Additionally, the October monthly candle closed bearish, suggesting that the price could potentially move to even lower levels. On the daily timeframe, the market formed relatively equal lows, which include both the September and October lows. I believe the market may retest these levels to grab liquidity. After forming a range zone, the market eventually broke through it, pulled back for a retest, and continued its downward move. Therefore, I anticipate that the market to either move lower or enter a consolidation phase. My target is support zone around 4.530
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EURUSD continues uptrend from 1.0700Dear Friends.
Overall, EUR/USD made an impressive recovery ahead of yesterday’s election news and broke above 1.090. But! the price was quickly rejected following the news and fell back to 1.076, now down 1.47% on the day. This decline comes as polls show Trump leading in battleground states, supporting the USD’s bullish momentum.
As can be seen on the daily chart, EUR/USD is approaching a strong support zone at 1.061 – a level that has held back the decline on several occasions. If the price reaches and recovers from this level, we could see a strong recovery, opening up a potential short-term buying opportunity as the price rebounds from this support bottom.
EURUSD Analysis: Reversal Signs From Rising ChannelOn the 1-hour chart of EURUSD, the price is trading within an ascending channel, with clear resistance and support levels formed by trend lines. Currently, the pair is hovering around the $1.0890 area, close to the upper resistance line of the channel. The continuous increase has pushed EURUSD close to this resistance level, however, there is a high probability of a correction when the price approaches the upper zone of the channel.
Prediction Scenario: If EURUSD encounters strong selling pressure at the upper resistance level, the price may correct to the support area around $1.0800.
What do you think about this scenario?
USDJPY continues downtrend from 153.06Looking at the USDJPY chart on the 4-hour time frame, we have a clear uptrend in a parallel price channel. However, the market is showing signs of weakness as it approaches the resistance zone near 153.067. This could be a potential turning point with the possibility of a sharp correction to the downside.
Detailed technical analysis:
Main trend: The chart shows USDJPY is in an uptrend channel, however, the price has started to break the lower channel line. This shows that selling pressure is increasing as the price approaches the resistance zone of 153.067.
Resistance & Support: The 153.067 area is a strong resistance zone, and if USDJPY fails to break above it, there is a high possibility of a correction to the support levels below.
Correction targets: There are two major support targets if the price continues to decline:
Target 1: Around the 151.000 price zone, where there is short-term support. If the selling pressure is strong, this is the first area that the price can test.
Target 2: Around 149,000, stronger support. This is the area where the price can correct deeply if there is a strong selling wave.
Trading strategy: If you are looking for a selling opportunity, consider selling when the price touches the 153,067 area and fails to break through. Set the first profit target at 151,000 and the second target at 149,000. This requires patience and close monitoring for signs of strong price declines.
GBP-NZD Potential Long! Buy!
Hello,Traders!
GBP-NZD is trading in an
Uptrend along the rising
Support line from where
We are already seeing a
Bullish rebound so we are
Bullish biased and we will
Be expecting a further
Bullish move up
Buy!
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