GBPUSD plan analysis week 44🌐Fundamental Analysis
In the absence of high-impact macroeconomic data and fundamental drivers, GBP/USD may react to changes in risk sentiment on Monday. On Wednesday, the UK government will present its Autumn Budget. The US economic calendar will also feature important data releases in the second half of the week.
The US Bureau of Economic Analysis will release the first estimate of annualized Gross Domestic Product (GDP) growth for the third quarter on Wednesday and release the Personal Consumption Expenditures Price Index (PCE) figures for September on Thursday. Finally, the US Bureau of Labor Statistics will release October labor market data on Friday.
🕯Technical Analysis
GBPUSD is trading within a bearish channel, and to break out of this channel, GBPUSD must trade above 1.3000. The areas of interest for next week are 1.31000 and 1.28200. This is the trading range for the week. Next week there is Nonfarm news pay attention to the further port area at the further support resistance area around 1.322-1.270.
Tradingsignals
Gold prices are influenced by inflation risks and political.World gold prices decreased slightly when the USD index increased. Recorded at 9:15 a.m. on October 28, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,357 points (up 0.22%).
Nine analysts participated in Kitco News' gold survey. Last week's near-bullish consensus has narrowed. 5 experts expect gold prices to increase this week, while another 2 experts expect the price of this precious metal to decrease. The remaining two analysts remain neutral on gold's short-term prospects.
Meanwhile, 213 votes were cast in Kitco's online poll. The majority of Main Street investors believe that gold has an upward trend. 126 traders expect gold prices to increase this week. There are 47 people who expect precious metals to decrease. The remaining 40 investors said that prices will tend to move sideways this week.
🔥 XAUUSD Buy limit 2714 - 2712 🔥
✔️TP1: 2730
✔️TP2: 2750
✔️TP3: OPEN
🚫SL: 2706
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🔥 XAUUSD Sell limit 2740 - 2738 🔥
✔️ TP1: 2725
✔️ TP2: 2720
✔️ TP3: OPEN
🚫SL: 2748
Gold analysis European and American sessionsUpdate gold price fluctuations in today's European session. After creating a resistance zone around 2745. By the middle of the European session, if gold cannot break this 2745 zone, the possibility of gold's retreat is quite high and SELL signals are considered at 2724 and 2710. If it breaks 2745, wait for 2750 to execute SELL in the European and American sessions. Wish you successful trading.
It is predicted that the price will continue to rise above 2,750Last week, gold prices fluctuated strongly, reaching a record high, but also encountered many difficulties in maintaining the upward momentum, causing experts to have mixed opinions on this week's price trend.
According to a survey by Kitco News, the optimism of experts and investors has decreased significantly compared to last week, when only about 56% of experts forecast that gold prices will increase, 22% said that prices will decrease, and the remaining 22% hold a neutral opinion.
Marc Chandler from Bannockburn Global Forex believes that gold prices may adjust in the short term. He said that current risks are tilted to the downside, especially if gold breaks the threshold of 2,700 USD/ounce, which could lead to strong selling pressure. Sharing the same opinion, Colin Cieszynski from SIA Wealth Management also forecasts that gold prices may decrease next week because there is no positive news from the BRICS conference for the precious metals market. He said that gold is facing a correction after previously increasing strongly.
🔥 XAUUSD Buy limit 2714 - 2712 🔥
✔️TP1: 2730
✔️TP2: 2750
✔️TP3: OPEN
🚫SL: 2706
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🔥 XAUUSD Sell limit 2732 - 2734 🔥
✔️ TP1: 2725
✔️ TP2: 2720
✔️ TP3: OPEN
🚫SL: 2742
Gold Price Analysis October 28Fundamental Analysis
Gold prices edged lower to near $2,735, snapping a two-day losing streak in early morning trading in Asia on Monday. However, the precious metal’s losses may be limited amid geopolitical tensions and ongoing uncertainty surrounding the US presidential election.
Buying by central banks and rising demand from investors have pushed up prices of the yellow metal. The World Gold Council said that central banks around the world have bought more than 1,000 tonnes of gold in each of the past two years, with China topping the list of countries looking to increase their gold reserves.
On the other hand, a slower pace of interest rate cuts from the US Federal Reserve amid stronger US economic data has weakened the yellow metal. According to CME's FedWatch tool, traders are currently pricing in a 97.7% chance that the Fed will cut interest rates by 25 basis points (bps) in November.
Technical Analysis
Gold is approaching the gap again and forming an uptrend if it breaks the important zone of 2750. The all-time high of 2768 will still act as resistance at the moment. On the other hand, a break of 2725 is considered an opportunity to find long-term buying points. 2711 and 2723 are two areas to watch in today's trading session. Wish you a successful trading day.
Gold Next Move | 1h Time FrameMarket Overview: In our view, XAU/USD will likely start the week on a positive note, heading for resistance at 2758. Price action for the pair on the 1-hour timeframe shows a Break of Structure (BOS), which depicts a strong bull in the market.
Trade Strategy:
Entry Point:
Consider buying the market as soon as it opens as close to the present price level as can be, plus any pullbacks to confirm the uptrend.
Target Level:
Target 2758. Do not go into this level blindly, as you may get turned around if the price action shows a reversal at this level.
Post-Target Action:
Bear in mind that when the target of 2758 is hit, your bias should be for a sell position. Looking for a shift in market sentiment should provide a good entry for short trades post hitting the target.
Tips for Execution:
Confirmation: Enter your long positions after making use of such technicals as RSI and MACD that exhibit the buying pressure.
Risk Management: Implement stop-loss in orders below the last three recent swing highs in order to guard against opposition price movements.
Market Sentiment: Always be aware of economic events and geopolitical news that may affect the prices of gold and alter your strategy.
Review and Adjust: Do not open a sell position immediately after hitting the target. Wait for the utterly bullish markets to subside first.
BTC at 70k don't worries me, the real challenge is at this levelBitcoin continues fluctuating below 70k.
As we mentioned in last week’s analysis, it doesn’t surprise me that Bitcoin crosses 70k; the real challenge is for BTC to surpass $71,890.
If you look at the overall structure, the price made a very significant historic move in MAY and JUNE, which I’ll label as PIVOT 1 and PIVOT 2 (see chart).
To me, that area presents a real challenge to surpass because I detect a lot of institutional liquidity there, so we need to stay alert once the price crosses 70k and reaches this level.
For now, the price has managed to create two candles with strong buying pressure, so I think Bitcoin will have a few good days, but it will continue to fluctuate below 70k until we see solid buying volume.
Thank you for supporting my analysis.
TRADE SAFE!
Best regards!
AFFIRM HOLDINGS (AFRM) Short Trade Setup and AnalysisAFFIRM HOLDINGS (AFRM) on the 15-minute timeframe:
Trade Summary
Position: Short Trade
Entry: $46.84
Stop Loss: $48.47
Take Profit Targets:
TP1: $44.84 (Hit)
TP2: $41.59 (Hit)
TP3: $38.34 (Pending)
TP4: $36.33 (Pending)
Technical Analysis
The price action for AFRM has shown a steady downtrend in alignment with the bearish market sentiment. The position was initiated near the entry point of $46.84, with the Risological dotted trendline indicating a continuous bearish pressure, thus validating the short entry.
With TP1 and TP2 already achieved, the price is moving in line with the projected downtrend. The decreasing volume and proximity to the trailing targets suggest that there is further room for downside potential, aiming towards TP3 and TP4.
Market Insights
Volume: 5.59M (below the 30-day average of 9.08M), indicating moderate sell-off interest.
Key Levels:
Day’s Range: $40.63 - $42.47, which reflects a steady decline.
52-Week Range: $16.50 - $52.48, showing that the stock is approaching the lower side of its yearly range.
Upcoming Earnings: In 12 days, which could further influence AFRM’s trend based on market expectations.
This technical setup aligns with the broader market indicators and the prevailing bearish momentum in AFRM. Further downside potential remains viable as the trend continues.
2 Confirmations last week just as we planned, What's next? SPY PRICE HAS BEEN MOVING IN OUR FAVOR ! CHECK MY LAST WEEK ANALISIS,
Before we get to the analysis i just want to say...
So far, the price has moved in our favor. If you check the results of previous analyses, you’ll see that the price has moved exactly according to my analysis of price action, supported by institutional trading concepts.
Each green check mark represents a prediction that was correctly fulfilled according to the analysis from one week ago. My analyses are weekly, carefully prepared every weekend, but note: the study of price movement and the forecasted direction here, is based on my experience as a trader.
I DON’T KNOW WHERE THE PRICE IS HEADING!
IN FACT, NO ONE DOES!
Every price movement and behavior is based on a historical movement of institutional supply and demand. Based on the years I’ve spent studying this concept, I can predict the next price movements. However, it’s crucial to emphasize that trading is ultimately speculation, but if you have really good fundamental study in price action & structure, your margin of error will always be minimal.
So This analysis is for you but at the same time for entertainment purposes do not take trades because I'm greedy on any active, please do your own research first and you will have tyour final decision.
BACK TO SPY...
The price indeed broke out of the channel after we saw it crawling like a worm along the channel support.
Indeed, the price began to range after the channel breakout.
Looking at the overall structure, the price has been losing strength and volume since last week. I have a feeling we won’t see all-time highs soon, as it’s time for the price to start accumulating or simply making its natural pullback.
I'm expecting the next move to either be a pullback that touches my "order block" zone and then starts gaining momentum to recover all that decline, or, in another scenario, if we see enough volume on Monday, it could start fluctuating in a range to accumulate before touching new all-time highs.
BUT!
The price could reach highs while forming its accumulation range. However, what we’re looking for is a decision from the price to break out of the range and reach new highs along with a new extreme!
So be patient; this week will be very interesting to analyze in terms of price behavior.
Thank you for supporting my analysis.
TRADE SAFE!
Best regards
GOLD - at his supporting area? whats next??#GOLD.. perfect move as per our analysis and now market again at his one of the most important region and supporting area that is around 2709 to 2713
keep close that region because that is your ultimate SWING REIGON
only holding of that region means you can see again bounce from here otherwise not.
but keep in mind that below that region CUT N REVERSE will be a good option.
good luck
trade wisely
Technical Analysis of Donald Trump Media & Presidential ElectionNote that the DJT has risen significantly from the recent lows. It is currently sitting at the Red support-resistance line on the chart. We normally short stocks at this point, but with the Elections approaching fast, should we entertain thoughts of Donald Trump winning? If yes, we should be buying $DJT.
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How to understand price action.
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand.
You can also think of these indicators as moving pivot points.
MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long (buying).
For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling).
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ). A stock has to close below the Yellow line first, then rally towards the Red line and top out there. This is where I would short it. Shorting is more difficult and should be done with extreme caution by novice traders.
#DonaldTrump #Elections #stocks #options #trading
Bloomberg Natural Gas (BOIL)Asset Class: Indices
Income Type: Daily
Symbol: BOIL
Trade Type: Long
Trends:
Short Term: Up
Long Term: UP
Trade idea:
-Price rejection from a major Daily demand zone, forming an upward channel.
-Waited for a demand zone to form on a lower time frame (30m) .
-TP set at the SZs with a 7:1 RRR
-Consider trailing your SL or place different orders for each target.
-Apply proper risk management. max position size is 1% of your capital.
Set-Up Parameters:
Entry: 8.92
Stop: 8.53
TP 11.67 (7:1)
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback for a risk free trade.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
Copart (CPRT) LongAsset Class: Stocks
Income Type: Daily
Symbol: CPRT
Trade Type: Long
Trends:
Short Term: Up
Long Term: Down
Set-Up Parameters:
Entry: 51.74 (at the Breakout)
Stop: 50.88
TP 54.28 (3:1)
Trade idea:
A breakout from a descending channel on the 1H , zone formed by a drop-base-rally with Fair Value Gap . The setup has a 3:1 RRR. The RSI is oversold , heading up, and showing divergence.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
KPI GREEN Stock Plummets – All Short Targets Smashed in 15-MinKPI GREEN Stock Technical Analysis:
KPI Green on the 15-minute timeframe has completed its short trade with a clear break below the Risological dotted trendline, and all targets have been successfully hit.
Key Levels:
Entry: 811.55
Stop Loss (SL): 820.70
Target 1 (TP1): 800.25
Target 2 (TP2): 782.00
Target 3 (TP3): 763.75
Target 4 (TP4): 752.50
Observations:
The price respected the resistance offered by the Risological trendline and steadily declined.
Bears are in control, with the stock making lower highs and lower lows throughout the session.
The short trade played out perfectly for KPI Green, hitting all predefined targets. Watch for potential consolidation or further breakdown below TP4 for more opportunities.
Gold Analysis October 25Fundamental analysis
Gold prices remained close to the lows of their daily ranges in the first half of the European session, pressured by a combination of factors. For now, the US dollar (USD) appears to have halted its downward correction from a near three-month high hit on Thursday amid bets that the Federal Reserve (Fed) will cut interest rates less. This, coupled with generally positive risk sentiment, is seen as undermining the safe-haven precious metal.
That said, a further decline in US Treasury yields is keeping USD bulls from placing aggressive bets. Additionally, US political uncertainty ahead of the November 5 presidential election and further escalation of tensions in the Middle East could provide some support to Gold prices. Traders are now looking forward to US macro data - Durable Goods Orders and Revised Michigan Consumer Sentiment Index for short-term opportunities.
Technical Analysis
Gold broke the bullish structure of the Asian session and fell sharply in the European session with the break of the important support zone 2720. Gold is heading towards 2710 and 2700. Pay attention to the price reaction of this zone for long-term BUY strategy. SELL signals have been set with profit levels as analyzed. Wish you a successful trading day
World gold prices recovered slightlyGold prices reversed to increase when receiving information that Russia proposed that BRICS member countries create their own precious metals trading floor.
The news follows a statement adopted by the leaders of BRICS countries on Wednesday, advocating increased precious metal exchanges between members on the basis of common quality standards.
“This mechanism will include the creation of metal price indicators, standards for the production and trade of bullion, recognition of market participants, settlement of bullion,” said Russian Finance Minister Anton Siluanov. Clearing and auditing in BRICS countries. Participating countries will have a reliable method for stable exchange transactions.”
The Russian Ministry of Finance added that it expects the BRICS precious metals exchange “to become the main regulator of precious metals prices.”
☄️. Important support and resistance levels: The nearest support zone is 2712,000 - 2715,000, while the strong resistance zone is at 2740,000 - 2743,000. If the price surpasses 2750,000, the upward momentum could extend to the highest level from the beginning of the year at 2758,000 and beyond to 2800,000.
World gold price todayWorld gold costs increased, with spot gold growing through 20.five USD to 2,736.three USD/ounce. Gold futures closing traded at 2,748.four USD/ounce, up 19.four USD as compared to the day gone by morning.
Prices for the yellow steel rose 1% on Thursday and remained close to document highs hit in advance withinside the week, boosted through growing safe-haven call for because of fears of geopolitical tensions.
According to marketplace analyst Carlo Alberto De Casa of Kinesis Money, gold`s restoration from the day gone by's low is a high quality sign confirming the extremely good hobby of buyers in bullion. This professional believes that, withinside the context of a complex political situation, buyers will pour into gold to guard their assets. He brought that robust call for from principal banks is likewise supplying a lift to the treasured steel's rally.
🔴Mid-term: Gold price is still in an uptrend, but the upward momentum shows signs of slowing down due to risk factors.
🔴Short-term: Price forms a sideway zone, suitable for trading strategies based on support and resistance zones.
➡️Buying range: 2712,000 - 2715,000
➡️Selling range: 2740,000 - 2743,000
$MBLY The Future is Bright with Massive Upside. 10x Opportunity!NASDAQ:MBLY
The Future is Bright with Massive Upside. 10x Opportunity!
In this video, we will be going over the following with Mobileye Stock:
- The potential for a short squeeze in the name 17%+ short float
- NASDAQ:MBLY aligning with my 5/5 trading strategy
- Potential acquisition of NASDAQ:INTC by NASDAQ:QCOM and what that means for NASDAQ:MBLY
- Upcoming earnings preview
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Comment what stock you want to see charting analysis on below.
Not financial advice.
NASDAQ:QQQ AMEX:SPY NYSE:QS NASDAQ:BIVI NASDAQ:VKTX NASDAQ:ASTS NASDAQ:MNPR
#SmallCaps #TradingSignals #TradingTips #options
GBPJPY Potential Up Trend ContinuationGBPJPY is forming a bullish trend, marked by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the 195.600 resistance zone, a level that had been tested multiple times. Following this breakout, the market could surge toward the upper boundary of the channel. Given the choppy market behaviour since the beginning of October, this breakout could potentially be significant. The target is the resistance zone around 196.900
EURUSD Bearish momentumEURUSD has bounced off the resistance level and has been in a bearish trend since the start of October, marking three consecutive bearish weeks. It's likely that the price will pull back toward the resistance zone before resuming its downward movement. If the price pulls back against the main trend, this could result in a classic correction, followed by trend continuation. The market may form a complex pullback toward the resistance area near 1.0900 and the downward trendline, after which we could see a sell-off as the bearish momentum continues. The target is the support level around 1.07920