XAU/USD Trade idea going into November.It looks like a possible head and shoulders formation on the higher time frame(4 hr). We just had a massive bull run to the upside hitting a high of $2780+. Now we are seeing a correction in the market. Missed the early entry to the downside after the bull run. Looking to capitalize on the continuation of the correction. Based on the fact that we just had a bull run and the possible head and shoulders formation, I want to take a sell on the right shoulder before the re test of the neck line. Looking to target the change of character zone and wait for a sell confirmation before enter the trade of the 1 hour chart. Looking to target sell side liquidity for my profit zone. Hopefully I've made a good analysis and looking forward to what you guys think! Feel free to leave some constructive criticism for me to consider.
Trend Analysis
Gold Prices Dip as USD Rebounds Global gold prices continued their downward trend, with spot gold dropping by $11 to $2,736.5 per ounce, a decrease of $10.9 from yesterday morning.
The rebound of the US dollar exerted significant pressure on gold, causing the precious metal to lose 0.2% in a day after a 1.5% drop on Thursday. Consequently, the dollar regained its previous losses and climbed by 0.4%, making gold a less attractive option for investors.
How the U.S. Election Could Impact USD and EUR/USD Trading"As the U.S. presidential election approaches, it’s time to consider how it might impact our trading strategies, particularly with the U.S. dollar and EUR/USD. Political shifts bring market volatility, so let’s break down how each outcome could influence the dollar and the EUR/USD pair.
Election Outcomes and Market Impact
1. If Democrats Win: A Democratic victory could weaken the dollar, as policies may lead to lower inflation and reduced real interest rates. This scenario might push the EUR/USD pair higher, with potential targets around 1.1300–1.1850. For traders, this could mean a favorable environment to consider EUR/USD gains.
2. If Republicans Win: On the other hand, a Republican win might initially strengthen the dollar, thanks to expected trade policies and rising interest rates. However, this strength could be short-lived. Long-term factors may introduce volatility, potentially giving the euro a chance to regain ground against the dollar.
Key Levels to Watch in EUR/USD
From a technical standpoint, keep an eye on resistance levels from 1.1275 to 1.1750 for potential bullish moves, while support around 1.1000 and a critical level at 1.0900 could indicate a downturn. Combining these levels with election news can help you make informed trade adjustments.
How to Trade Before, During, and After the Election
Leading up to the election, watch for narrowing polls, as this could introduce uncertainty and increased volatility. During the election itself, expect the market to react strongly—prepare for a Trump win to potentially strengthen the dollar and a Harris victory to have the opposite effe
GOLD POSSIBLE SELLBased on Daily TF, the market seems to be forming a possible reversal chart pattern.
We could see Sellers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
#CHZ (SPOT) entry range(0.0520- 0.0660) T.(0.1349) SL(0.0504)BINANCE:CHZUSDT
entry range (0.0520- 0.0660)
Target1 (0.0842) -Target2 (0.0990)-Target3 (0.1349)
1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (0.0504)
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*** collect the coin slowly in the entry range ***
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REMUS Diwali Pick 2024Stock Analysis and Trade Setup
This chart shows a steady uptrend with well-defined support and resistance levels:
• Bullish Scenario : The price is holding above the ascending trendline, suggesting continued bullish momentum. A breakout above the 2,780.45 resistance level could provide an entry for long positions, targeting the next resistance at 2,834.6. Further gains could aim for the psychological level around 3,272.1.
• Bearish Scenario : A breakdown below the key support at 2,530.8 may signal a potential reversal. Watch for a short opportunity below this level, with a further downside target around 2,299.15 if bearish momentum strengthens.
The RSI shows some room for further upside, though it’s nearing overbought territory. Monitor volume for confirmation of breakouts or breakdowns as you plan your trades.
Disclaimer: This analysis is for educational purposes only. Please conduct your own research before making any trading decisions.
November 1 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 9:30 and 11:00.
The mid-term pattern was broken due to yesterday's movement,
and unlike Nasdaq, it touched the lower Bollinger band first.
There is pressure on the 12-hour chart -> daily chart MACD dead cross.
*Blue finger two-way neutral strategy.
Independent trading -> Start with a short in the 1st section of the purple finger
(Stop loss price when the orange resistance line is broken)
1. 69,163 dollars long position entry section / Stop loss price when the sky blue support line is broken
2. 70,625.5 dollars long position 1st target -> Top 2nd target
If the 12-hour chart and daily chart MACD dead cross are not resolved during the weekend, it seems difficult to break through the Top section. (Try to enter additional short positions autonomously.)
I have prepared a strategy that is imprinted while moving sideways rather than plummeting.
The lower tail section is the second section of the sky blue support line,
and it is best if you do not deviate from the green support line.
(Bollinger Band 12-hour chart center line)
It is best if you maintain the true blue support line without deviating until the weekend (6+12 or 12 + daily pattern recovery)
It seems that the direction will be determined within the red resistance line / true blue support line convergence section.
If a danger signal is imprinted until the weekend, I have hidden the final long position switching position.
A hidden picture that is clearly visible...
Up to this point, please use my analysis articles only for reference and use,
and I hope you operate safely with principle trading / loss cut prices.
Thank you for your hard work this week.
EURUSD holding Still currently in this sell on EU however I forsee a short spike down then upward movement from FVG mitigation therefore I will consider closing if TP is not hit before 14:30 SA time Johannesburg.
Anything can happen but non impulsive moves are best, don't trade the news, trade after... If there are opportunities.
Gold Trade Alert: Targeting $2,765 with 2:1 RRTrade Setup for Gold (XAU/USD):
Entry Point: $2,753
Stop Loss: $2,747
Target: $2,765
I'm looking at a short-term entry at $2,753, aiming for a quick move up to $2,765. With a 2:1 risk-reward ratio, this trade has a tight stop, making it a calculated play. Watch out for momentum around the entry level, and manage risk carefully. Let's see how the market responds!
Dogecoi(#DOGE) Update: Correction 📈 #Dogecoi(#DOGE) Update: Correction 🚀
CRYPTOCAP:DOGE saw a strong pump as expected and is now in a corrective phase. Ideal long entry zone is $0.149, with a stop-loss on a daily close below this level. Target remains open, with gains monitored based on price action.
GBPUSD → Confirmation of a trend change. The Bear ZoneFX:GBPUSD confirms the bearish market structure. The fundamnetal factor is favorable for further decline. Since the opening of the session, the price has been testing the previously broken boundary. The market is not ready to resist the sellers yet
On the background of difficult situation in the west, the course of interest rate cuts in the UK, a pool of sell orders is forming in the zone 1.315 - 1.300. Buyers are turning around.
On Monday, in the Asian session, the retest of the previously broken trend support ended with a downward impulse, which confirms the bearish mood in the market. GBPUSD confirms the price exit from the channel.
It is possible that another retest is possible, as the dollar is forming a short-term correction, but it does not change the general essence of it
Resistance levels: 1.3044, 1.3068
Support levels: 1.300, 1.2975, 1.2938
The trigger for the continuation of the fall will be the breakdown of 1.3000 and further consolidation of the price below this zone. Additional scenario: retest of 1.3063 - 1.3075 before further fall
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;)
Regards R. Linda!
GBP/NZDGBP/NZD. I have the following preview of this pair>> from 4HTF we are Bearish because we closed below the long M2. Now we have a rebound from the Daily M2, I would expect the Gap to be reached now. On 30MTF we are above VAH and vwap, here I am waiting for the candle to close above these zones and then I would look for longs here.
Crypto Frenzy: Elon Musk's Impact on Bitcoin and DogecoinCryptocurrencies are skyrocketing just 7 days before the presidential election, and many people are wondering why. The answer, which should come as no surprise, is of course, Elon Musk.The reason is a perfect storm of sorts. Musk’s increased prominence as he campaigns for Donald Trump, his recent comments about cryptocurrency, and his potential role in a Trump administration (should Trump win) are all driving up the price of Bitcoin as well as Dogecoin and a number of other meme coins.Dogecoin, a favorite of Musk’s, was up 9.7% on Tuesday. This comes after the tech billionaire said at a Trump political rally in Pennsylvania that he’s not “actively involved” in crypto: “I just like Dogecoin.”
The billionaire founder of Tesla and Space X and owner of X has a long history with Dogecoin, which he first promoted in 2021 on Saturday Night Live, causing the price to spike, only to plunge afterward. (The meme coin’s price has gone up and down based on Musk’s comments since.)Musk, who has been actively campaigning for the Republican nominee and raising money for Trump, has also said he would be heading the Department of Government Efficiency, dubbed DOGE, if the former president is elected. That has also contributed to the frenzy, leading to a more-than-20% gain in Dogecoin over the past seven days, and 33% over the month.
Meanwhile, Bitcoin, which is the largest cryptocurrency by total market capitalization, was up over 4.4% on Tuesday, seemingly swept up in the excitement. It’s now trading just short of its March record high.
ONDO —BSBBThis looks like an interesting project.
I am sharing the short now but later we will go bullish on the Altcoins. By doing an analysis I can start to learn the chart and recognize its behavior. It will be easier later on to spot the bottom and prepare for the bull-market.
We have one foot in 2024 and another foot in 2025.
I hope you are not becoming impatient because if you are, that's a good sign. It means that we are very close to seeing change.
We are looking at ONDOUSDT. The chart drawings make the analysis pretty much irrelevant. Everything is exceedingly clear.
A major drops leads to consolidation. A small double-top is present during the consolidation phase. The consolidation is leading toward a new drop and this is likely the final drop before the market turns.
Bearish-sideways-bearish-bullish (BSBB).
Thank you for reading.
Namaste.