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19.10.2023 - SELL GOLD at 1948.00 The recent price movement aligns perfectly with my previous analysis. The market is currently progressing towards the key resistance level. The price managed to break out of a descending channel after forming a double bottom at the support level. I believe there is a possibility of gold retracing from the resistance zone and the upward trendline, given that we have witnessed a bullish trend for the past two weeks, and some correction is likely needed. Should the market test the 1968 level and encounter rejection, this could potentially lead to a bearish reversal. I anticipate a brief pullback from the resistance zone in the short term. My target is set on the support region around 1933.60.
OANDA:XAUUSDShort
by GoldyMan
1
GOLD:BUY From PULLBACK Level For A New LONG SetupGOLD: Following the decisive upsurge witnessed on Friday, the Gold prices started the new week on a bullish note and closed in positive territory on Monday and Tuesday. After staying relatively quiet on Wednesday, XAU/USD regained its traction and climbed above $1,900 for the first time in seven months ahead of the weekend, closing the fourth straight week in positive territory. Risk perception and the performance of the US Treasury bond yields could drive the pair's action next week amid a lack of high-tier macroeconomic data releases from the US. Today the Price seems to have a pullback on the previous trendline of the bullish channel in confluence with the 50% Fibonacci we are looking for an extension of the price that can reach the level of price around 1936.000
OANDA:XAUUSDLong
by FOREXN1
5
GBP/USD:SELL From Breakout Support For A New SHORT SetupThe pair GBP/USD is testing the support at 1.1800 and keeps the potential for an even greater decline. The pressure on the pound continues to be exerted by the worsening economic situation in England, as well as the local strengthening of the dollar. The UK economy is facing unprecedented domestic challenges, including high inflation, falling citizen wealth, rising costs of living, a record influx of migrants, and growing dissatisfaction with working conditions among public sector workers. In particular, the British Rail, Maritime and Transport Trade Union (RMT) reports that about 40,000 rail workers are already taking part in this week's protest, demanding higher wages and reversing management's decisions to cut staff. For this reason, about 62,000 trains may be canceled, which will make it difficult for Britons to return to the country after the Christmas holidays. The situation is complicated by a possible political crisis since after the failures of the Liz Truss government there is still discontent in society and the level of skepticism towards the new government is growing. In his New Year's address, Prime Minister Rishi Sunak said that his government would put the needs of the population first this year and would make every effort to resolve the crisis. At the same time, the representatives of the Bank of England said that the British economy in 2023 will face a recession, which may be the most severe compared to other G7 countries.
Short
by FOREXN1
15
ETH SHORT - CPI DAYWELCOME TO MY ANALYSIS, GO CHECK OUT TRADING CHANNEL ETH/USDT - 15 MIN i would say this a little swing analysis. If these three marked levels on the chart of 1200-1255$ not broken by the price upwards, I would say that in the next few days to weeks, it mainly depends on DOLLAR strenght, we can look lower for ETH at levels around 1045$ to 975$ THIS CAN ALL CHANGE TODAY, it all depends on the US CPI release this afternoon, of course I'll keep you informed SEE YOU SOON
Short
by Crypto-Frantisek
5
NZDJPY: BEARISH POSITIONS BELLOW 85.289FX:NZDJPY Hello folks!!!, This is my analysis brought to you after deeply analyzing thE NZD/JPY Forex Pair from a technical, trend and fundamental perspective: *Pivot Point : 85.289 *Stop Loss : 86.090 Take profit : 79.906 Entry Price : 85.112 Risk/Reward Ratio : 1 : 5.60 ⭐If this post was useful to you, do not forget to like ❤️ and comment ✍️. ✅Fallow me to be up-to-date with all my posts and updates 🚀. Yasser Tavarez, Wish you the best!
Short
by YasserTF
1
GBP/NZD: UPDATE | PRICE READY FOR REVERSAL | SHORT !Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Short
by DAY_PROFITS
GBP/USD:Losing 2% after BoE with next big stop as low as 1.2000 GBPUSD collapsed by 1.9% or more than 230 pips to 1.2380 from the start of the day on Thursday, with pressure intensifying after the Bank of England’s bank rate decision announcement. As analysts had expected, the Bank of England raised the rate by 25 points to 1.0%. Three of the nine monetary policy committee members called for a 50-point increase at once, and there were hints in the comments that a 50-point increase could be an option at subsequent meetings. At the same time, the Bank of England has worsened its economic outlook for 2023, expecting the economy to contract in response to tight financial conditions and the effects of high energy prices. The currency market sees the recession as a notable negative factor, putting pressure on medium and long-term interest rates. After consolidating over the last few days and attempting a rebound yesterday after the FOMC, GBPUSD has moved sharply back down and updated to lows from June 2020, a strong bearish signal. The pair runs the risk of slipping to 1.2000, an area proven to be the Pound’s last line of defence more than once in previous years, without much of a hurdle. The significant support of the previous six years and the 161.8% Fibonacci target from the last declining momentum since late April are concentrated here
Short
by FOREXN1
2