EURUSD analysis 11/1EURUSD is recovering gradually after a long period of weakness. 1.082 is considered the immediate support zone of the pair and the next support zone at 1.077 is the expected two hooks to BUY in today's nonfarm. The uptrend will be limited by the border zone of 1.095 and 1.100. Wish you a favorable trading day with my analysis.
Tradingsignals
Bitcoin Channel Breakout!BTCUSDT has finally broken and closed above the downward channel that has been forming since May. This move, when viewed in the bigger picture, resembles a bullish flag pattern, typically a trend continuation signal. We've seen a similar pattern recently in the gold market. After such breakouts, it's common for the market to lose some momentum and produce a pullback to retest the channel border and upward trendline.
Additionally, the price action is forming an AB=CD pattern, with the completion point expected around 72,000. This setup offers a strong opportunity for continued bullish movement. The target is the resistance zone around 72,500
The world gold price suddenly went into limboMarex analyst Edward Meir said: "Investors are buying when gold prices are on the rise. This strategy was maintained throughout the US election because there was a lot of volatility."
Ms. Kamala Harris - Vice President of the Democratic Party - currently has a support rate of 46%, temporarily leading former President Donald Trump who has a support rate of 43%.
Gold prices rose more than 4% in October as investors poured money into safe assets, partly due to tensions in the Middle East and uncertainty in the US election. Markets are now focusing on the US nonfarm payrolls report for clues about the health of the world's largest economy.
Traders see a 95% chance that the US Federal Reserve (Fed) will cut interest rates by 25 basis points next week, according to CME's FedWatch tool. Zero-yielding gold thrives in a low interest rate environment.
Data just released US labor costs recorded the smallest increase in more than three years in the third quarter, while the number of Americans filing new unemployment claims fell to a five-month low last week. before.
Nonfarm Trading PlanFundamental Analysis
The Federal Reserve (Fed) meets next week and announces its monetary policy decision on Thursday, November 7. The odds of a 25 basis point (bps) rate cut are 94.5%, down slightly from 95.5% last week. However, market players are still weighing whether a Republican victory in the upcoming presidential election could force the Fed to slow its easing.
Meanwhile, the Bank of Japan (BoJ) decided to keep its interest rate target unchanged at 0.25% on Thursday and reiterated its forecast for inflation to remain near its 2% target. The announcement weighed on the Japanese Yen (JPY), supporting the US Dollar.
Asian and European stock indexes fell sharply, leading Wall Street to a second straight day of declines. Focus now shifts to the US Non-Farm Payrolls (NFP) report, due out on Friday. The economy is expected to add 113,000 new jobs in October, while the unemployment rate is expected to hold steady at 4.1%.
Technical Analysis
After a sharp drop in gold prices last night in the US session, gold recovered from the 2730 area. The 2732 area is considered an important session port area when the market's momentum begins to jump into the market. The Asian breakout zone is also noted around 2744 for scalping around the European session when selling pressure returns. Currently, gold cannot break 2754, so gold will have a push to 44 and 30 before Nonfarm. According to this scenario, Nonfarm gold will continue to sweep down first and it will be difficult to push up after Nonfarm. Pay attention to the 2720 and 2710 zones when nonfarm is announced. If gold breaks to the 2754 zone, it will be pushed back to the 2761 and 2773 zones to execute the SELL plan.
Bitcoin need correction before to break new ATH?Hey guys!
Here is fresh thoughts about current BTC situation.
For me, looks like we had Elliot Waves with all this growing movement and can have some correction before to continue move up. Also RSI showing us that is need some cool off.
But volumes are growing and the MA cross is bullish here. So this correction can happen, but the movement can be not that big.
Lmk your thoughts in the comments 👇
SPX 7-Minute Chart Analysis: Identifying Bullish MomentumThis SPX (S&P 500 Index) 7-minute chart provides a look into intraday bullish momentum using Heikin Ashi candles and moving averages. Here’s a breakdown of the key points and signals observed on this chart:
Key Indicators and Signals:
Call Signals:
The chart shows multiple “Call Signal” indicators (in green) along the trend, which highlight points where buying momentum is potentially entering the market. Each of these signals aligns closely with support areas or pullbacks within the uptrend, offering opportunities for entries in line with the prevailing trend.
Moving Averages (Orange and Blue Lines):
Orange Line (VWAP): The orange line tracks closer to price action and appears to act as a dynamic support level, with prices bouncing off it several times as the trend progresses upward. This moving average helps confirm the short-term bullish trend.
Blue Line (50 EMA or SMA): The blue moving average is further from the price but shows the overall upward trend. The price remains above this line, further confirming that bullish momentum is intact.
Heikin Ashi Candles:
The Heikin Ashi candles show consistent bullish candles (yellow) with few lower wicks, which indicates strong buying pressure. The limited presence of red candles reflects minor pullbacks rather than trend reversals, which is typical in a sustained uptrend.
Gray Support Zone(ORB):
There’s a gray support zone below the price AKA the opening range breakout, which was tested but held successfully. This area marks a key support level, as each time the price neared this zone, it bounced back, showing that buyers are defending this level strongly.
Analysis and Outlook:
Bullish Trend Confirmation: The consistent uptrend in SPX, supported by both moving averages and the strong Heikin Ashi candles, suggests that bullish momentum is likely to continue. The multiple “Call Signals” give confidence in the trend’s strength, indicating potential for further upside.
Entry and Exit Opportunities: You could use the pullbacks to the orange moving average or gray support zone as potential entry points, aligning with the overall uptrend. Watch for continued “Call Signal” alerts near these areas for high-probability entries.
Key Levels to Watch:
Support: Gray zone around 5,719 - 5,720 and the orange moving average.
Resistance: Look for any signs of resistance at psychological levels like 5,740 and 5,750, where some profit-taking might occur.
Gold continues to increase in price due to many support factorsGold prices increased while the US economy showed signs of slowing down faster than expected. US GDP growth in the third quarter only reached 2.8%, lower than the 3% recorded in the previous quarter.
The growth figure is lower than expected, making many people believe that the US Federal Reserve (Fed) will consider accelerating the pace of interest rate reduction to further support the economy. The USD is likely to weaken. The cash flow could also ease the decline in the US vote market.
Gold is a commodity that benefits when interest rates decrease. However, 2.8% is still considered a quite positive growth tool. The impact of this information on the USD is not much.
Currently, gold is considered to be able to continue to increase and set new peaks, possibly reaching 2,800 USD/ounce when the US election has many unpredictable things. Tensions in the Middle East are still quite high, while Japan has recently fallen into a political crisis after the country's ruling coalition lost the majority of seats in parliament.
Gold increased before the US presidential electionWorld gold prices increased, with spot gold increasing by 12.5 USD to 2,788.1 USD/ounce. Gold futures last traded at 2,798.6 USD/ounce, up 17.5 USD compared to yesterday morning.
Gold continues to benefit as uncertainty ahead of the US presidential election boosts shelter demand for this precious metal. According to RJO Futures senior market strategist Daniel Pavilonis, there are many factors that are supporting gold and could push prices higher. He predicted that the price of this precious metal could reach 2,850 USD/ounce.
Saxo Bank's head of commodity strategy Ole Hansen said that gold prices increased due to uncertainty related to the election results and the market is pricing in further interest rate cuts by the US Federal Reserve (Fed). again next week. He emphasized that the weakness of the greenback is also supporting gold.
According to OANDA senior market analyst Kelvin Wong, the results of the US election have an impact on gold. He believes that, soon, spot gold will face resistance at $2,800/ounce, then $2,826/ounce.
Currently, the US presidential election has entered a sprint race, with recent polls showing that the race for the White House is still very fierce. The gap between the two candidates, Vice President Kamala Harris and former President Donald Trump, is extremely tight.
Even as the Fed ramps up adjustments, gold still risesGold Talking Points:
I went over gold in-intensity in yesterday`s webinar, and this morning updates given the metal`s persevered charge motion with bulls pushing as much as some other ATH simply interior of the 2790 degree.
The contemporary pullback feels just like the earlier episode, whilst gold stalled in advance of a check of the 2700 mental degree. In that iteration, expenses then constructed a bull flag formation as 3 weeks of sideways grind regarded earlier than consumers had been in the end capable of pressure a push up and thru the subsequent large discern at 2700.
The banner 12 months for gold has persevered and this morning delivered but some other sparkling all-time-excessive into the mix. At this point, charge held highs simply about $10 interior of the subsequent important mental degree of 2800 and this resembles closing month`s episode whilst gold bulls shied farfar from 2700, at the least initially. The excessive then held at 2685 and a bearish channel advanced thereafter, which, whilst all for the earlier bullish fashion made for a bull flag formation.
Given the resistance that has been in region so far, simply across the 2800 degree, I assume this is the subsequent degree that wishes to be accepted. And we formerly had reputation on the 2750 degree after guide confirmed there, which is clear at the two-hour chart below. So, ideally, any corresponding retracement will stay above the preceding better low to hold the door open for bullish momentum setups.
Gold futures prices have reached a new all-time highThe first factor that draws interest at the every day chart is the breakout above the top border of the pink consolidation (…)
What does this suggest for gold futures?
The capacity bullish situation should take the rate to the $2,800 barrier or maybe around $2,825, wherein the dimensions of the rally could correspond to the pinnacle of the cited pink consolidation.
From the cutting-edge factor of view, we see that the scenario evolves in keeping with the above situation and the shoppers have done the primary goal cited in advance today.
Thanks to this rate movement, gold futures fees additionally reached a brand new document excessive of $2,801.65.
However, given the breakouts cited above throughout all 3 formations, we should see a upward push to around $2,786, wherein the dimensions of the rally could correspond to the peak of the consolidation brown (2d upside goal). At this factor, it's far really well worth noting that during this place there may be additionally the 127.2% Fibonacci extension level (primarily based totally at the October 23 excessive and low), which serves as technical resistance. Therefore, it's far really well worth looking the conduct of the bulls on this place - mainly whilst we keep in mind the closeness to the formerly damaged decrease border of the very brief grey uptrend channel term (presently at around $2,787.30), which can entice dealers to the exchange.
Gold Price Analysis October 31Fundamental Analysis
The US Dollar (USD) attracted some buying on the dip and now appears to have halted its corrective slide from three-month highs amid bets on a slower pace of rate cuts by the Federal Reserve (Fed), supported by strong economic data. This, coupled with concerns over the growing US fiscal deficit, continued to push US Treasury yields higher and limited the upside in the non-yielding yellow metal as it remained mildly overbought on the daily chart.
Traders also appeared reluctant to place fresh bullish bets on Gold, opting to wait for the release of the US Personal Consumption Expenditures (PCE) Price Index. In addition, the closely watched US Non-Farm Payrolls (NFP) report on Friday will be looked at for clues on the Fed's interest rate outlook, which will boost demand for the precious metal.
Technical Analysis
After a strong reaction around 2771, the session port zone was formed and is the immediate support level today for gold prices to react. 2756-2758 is noted in the area after which is a notable break point. In the resistance direction, SELL orders are not very favored. Ahead is the ATH level 2789, which is not too trustworthy, the second level around the port in 2799-2801. With the next resistance point, pay attention to the psychological level 2810. Wish everyone a successful trading with my analysis.
Tharimmune (THAR) Soars with Positive EMA Feedback!Analysis:
Tharimmune (THAR) is showing strong upward momentum on the 15-minute timeframe, setting up for a promising long trade. Recent entry at 5.23, with clear targets ahead:
Target 1: 7.31
Target 2: 10.69
Target 3: 14.07
Target 4: 16.16
Key Driver:
Positive regulatory feedback from the European Medicines Agency (EMA) on Tharimmune’s TH104 clinical program for treating chronic pruritus in primary biliary cholangitis has fueled significant investor interest, pushing the stock upward.
Technical Overview:
The chart illustrates a breakout pattern with well-defined support and resistance levels. If momentum continues, the stock is positioned to hit all targets as shown using the Risological Swing Trader as investor confidence builds.
GOLD Moves: Key Levels to Watch TodayGOLD Analysis Overview
Current Market Levels:
The market is expected to sell off from the zone of 2780-2785.
A potential buy opportunity may arise from the zone of 2760-2755.
Intraday Trading Strategy:
Sell Zone: Monitor price action around 2780-2785 for potential short positions.
Buy Zone: Look for bullish signals around 2760-2755 for potential long entries.
Key Economic Indicator:
Non-Farm Payroll (NFP) Release: Scheduled for this Friday, which may significantly impact market volatility. Stay alert for potential price swings surrounding the announcement.
Trading Considerations:
Be cautious and prepare for increased volatility as NFP data is released.
Implement proper risk management strategies to mitigate potential losses.
Conclusion: If you find this analysis valuable, consider sharing it with your trading community to enhance collaborative insights.
Titan Company Ltd. Technical AnalysisTitan has been trading within a consolidation phase recently, suggesting that buyers and sellers are in balance. Let’s look deeper at the technical levels and indicators that might guide us in the coming sessions:
1. Support and Resistance Zones:
Key Resistance Levels: The immediate resistance sits around ₹3,452.50 and further up at ₹3,557.05. These levels could act as barriers if the stock attempts a breakout from current levels.
Key Support Levels: Titan has notable support at ₹3,233.95. A drop below this could signal further downside pressure.
2. Trendline Analysis:
A descending trendline has been in place, connecting recent lower highs. If Titan breaks above this trendline with sustained volume, it could indicate a potential bullish reversal.
Meanwhile, a smaller, rising support line (forming a wedge pattern) offers a bullish signal if the price manages to hold above it in the short term.
3. MACD Indicator:
The MACD is currently in negative territory, indicating that the stock is under some bearish momentum. However, if we see a crossover above the signal line soon, it could hint at a possible bullish shift.
3. Volume Insights:
Volume has remained relatively stable, showing no major spikes that would suggest a strong trend continuation or reversal. A rise in volume, especially near support or resistance levels, may validate any potential breakout or breakdown.
Conclusion: Titan appears to be in a consolidation phase, with the possibility of a breakout in either direction. Traders might look for confirmation at key levels, such as a break above the ₹3,452.50 resistance for bullish momentum or a fall below ₹3,233.95 support for bearish sentiment. Monitoring the MACD signal line crossover and volume trends will be crucial to anticipate the next movement.
Gold price analysis October 30Fundamental Analysis
Gold prices rose to a fresh record high in Asian trade on Wednesday as uncertainties surrounding the US presidential election and Middle East conflicts continued to boost demand for traditional safe-haven assets. Additionally, a slight decline in US Treasury yields and weak US Dollar (USD) price action benefited the precious metal. The supportive factors, to a large extent, overshadowed the bullish market sentiment, which tends to weaken the commodity.
Even expectations of fewer rate cuts by the Federal Reserve (Fed) and higher US Treasury yields could not mask the underlying bullish sentiment surrounding non-yielding Gold. However, it remains to be seen whether buyers can build on the upside momentum amid mildly overbought conditions on the daily chart and ahead of key US macro releases. The data could provide signals on the Fed's interest rate outlook and determine the next step in the directional move for XAU/USD.
Technical Analysis
Gold is at an all-time high with expectations of retests to continue buying in line with the trend. The first areas of interest are the breakout zone at 2770, the next around 2761 and the last area of interest around 2745. These are the 3 important support areas with the aim of reaching the 2800 round port. Only consider scalping in the psychological price zones of 2785 -2790-2800.
World gold prices increased again, towards 2,800 USDSince the beginning of the year, gold prices have increased more than 34%, due to the conflict in the Middle East, the US Presidential election and the US Federal Reserve (Fed) reducing interest rates. Investors are currently waiting for a series of US economic data to be released this week, including the employment report and the personal expenditure price index (PCE) - the Fed's favorite inflation measure. These data may impact the Fed's interest rate decision at its meeting on November 7.
Markets currently place the probability of a Fed rate cut of 25 basis points (0.25%) next month at 98%. "Gold prices will still tend to increase, possibly even to 2,800 USD in the next few days, because the US election is still putting pressure on the market and the possibility of the Fed reducing interest rates is almost certain," Han Tan - market strategist at Exinity Group said.
🔥 XAUUSD Sell now 2778 - 2780🔥
✔️ TP1: 2760
✔️ TP2: 2750
✔️ TP3: OPEN
🚫SL: 2786
Gold price forecastWorld gold prices increase when the USD index decreases. Recorded at 9:00 a.m. on October 30, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,114 points (down 0.02%).
According to Kitco, world gold prices increased sharply, breaking the threshold of 2,780 USD/ounce when receiving many supporting factors. In one week, Americans will officially go to the polls to elect a new Congress and president. Information surrounding the election fueled instability in financial markets, causing investors to turn to gold as a safe-haven asset.
Increased safe-haven demand for gold has helped push gold prices toward all-time highs.
Today, several economic data could affect gold prices, including ADP employment data, third quarter GDP and US pending home sales. Monetary policy decisions of the Bank of Japan.
Economic data to watch this week include core PCE, personal income and spending and US weekly jobless claims on Thursday and US nonfarm payrolls and PMI measures manufacturing sector's economic performance on Friday.
🔥 OANDA:XAUUSD Sell now 2778 - 2780🔥
✔️ TP1: 2760
✔️ TP2: 2750
✔️ TP3: OPEN
🚫SL: 2786
OLA ELECTRIC Plummets as Complaints Soar – BUT, We Made Money!OLA ELECTRIC Stock Analysis:
Ola Electric (OLAELEC) recently experienced a significant downturn, with all targets met in a notable short trade on the 15-minute timeframe. The ongoing downtrend can be attributed to multiple external pressures:
Massive Customer Complaints: India’s Central Consumer Protection Authority (CCPA) reported over 10,000 complaints within a year related to Ola’s after-sales services, billing inaccuracies, and delays. This high volume of complaints is unprecedented, prompting government intervention.
Consumer Protection Action:
Ola Electric received a show-cause notice from Indian authorities, demanding an explanation for the alleged violations of consumer rights and trade practices. The repercussions could include directives for customer compensation or even financial penalties.
Service Overload at Centers:
Numerous reports indicate that Ola’s service centers are struggling to keep up with demand, leading to extensive backlogs and dissatisfied customers. According to analysts, many centers appear overwhelmed, further deteriorating Ola's brand image.
Market Sentiment Impact:
Following these revelations, Ola’s share value has sharply fallen, reversing the gains from its August IPO. The stock has lost nearly 40% in recent weeks, with negative sentiment further amplified by viral customer complaints on social media.
With external pressures mounting and consumer confidence waning, Ola Electric’s stock faces a challenging recovery path. The short trade setup capitalized on this decline, achieving all preset targets amidst the company’s reputational crisis.
Key Levels:
Entry: 93.86
Targets Achieved: TP1 at 90.87, TP2 at 86.04, TP3 at 81.21, TP4 at 78.22
Stop Loss: 96.27
Ola Electric’s road ahead remains uncertain as regulatory scrutiny intensifies and consumer trust continues to erode.
GOLD - where is current support? holds or not??#GOLD.. perfect move as per our analysis and now again market at his today most important supporting area that is 2748 around.
keep close that area because if market hold it in that case a father bounce on table.
and keep in mind below 2748 can be a cut n reverse scenario on confirmation.
good luck
trade wisely
BITCOIN vs SOLANA !!BINANCE:SOLUSDT BINANCE:BTCUSDT
Bitcoin and Solana are displaying similar cup and handle patterns on a weekly chart.
Watch for breakout confirmations that could trigger significant upward movements in both assets.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SOLUSDT is in the ascending phase by the cup and handle.
Long term preview!! (BITCOIN)
GBPUSD - bottom out here? holds or not??#GBPUD.. market just trying to bottom out here.
sterling is at his most important support of the week and month that is around 1.2950
keep close that supporting region and if market hold it in that case we can expect again bounce form here.
good luck
trade wisely
GOLD - only single supporting region, holds or not??#GOLD.. perfect move as per our video analysis and in today again we have one n single supporting area that is 2732 to 2734
Keep close it and if market hold it in that case you can see a bounce from here.
Stay sharp and keep in mind that below 2732 we will go for cut n reverse on confirmation.
Good luck
Trade wisely
Gold Price Analysis October 29Fundamental Analysis
Gold prices gained some positive momentum and rose to the $2,757-$2,758 region during the Asian session on Tuesday, returning close to the record highs hit last week. Persistent safe-haven demand stemming from tensions in the Middle East and concerns over the US election turned out to be the main factors acting as a boost for the precious metal. Moreover, falling US Treasury yields kept US Dollar (USD) bulls on the defensive below the highest since July 30 touched on Monday, also supporting the commodity.
That said, bets for a less aggressive Federal Reserve (Fed) easing policy, coupled with concerns over deficit spending after the US election, should limit the downside in US bond yields and the USD. In addition, the underlying bullish tone in the global equity markets is keeping a lid on Gold prices. Investors also seem reluctant ahead of the key US macro releases this week - including the Q3 Advance GDP print, Personal Consumption Expenditures (PCE) Price Index and Non-Farm Payrolls (NFP) report.
Technical Analysis
Gold has almost reached the ATH zone today. A break of 2757 will see a price of 2770 soon. With the possibility that when the European session starts, if the price fails to break the upper band, it can push further to lower zones. 2742 is the first buy zone in the sclalping zone but it will not have as much value as the session port zone around 2725. Pay attention to the price zones to have favorable trading strategies.