GOLD is overall BullishWe have to wait for more data on what direction it wants to go but I'm holding firm that it wants to continue bullish. just have to wait for entry. with all the geopolitical issues going on, Gold will be a safe space.
USD (US Dollar)
GU Can go either way! We need more data before we have a direction this week. The dollar is definitely bullish for the most part so being patient and waiting for a good sale entry might be the best bet.
Potential bullish reversal?AUD/USD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6586
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
Stop loss: 0.6530
Why we like it:
There is a pullback support level that aligns with the 127.2% Fibonacci extension.
Take profit: 0.6646
Why we like it:
There is an overlap resistance level.
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Bearish drop?GBP/USD has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.3000
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.3071
Why we like it:
There is a pullback resistance level.
Take profit: 1.2872
Why we like it:
There is a pullback support level that aligns with the 127.2% Fibonacci extension.
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Bullish bounce for the Fiber?The price is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 1.0774
Why we like it:
There is an overlap support level.
Stop loss: 1.0719
Why we like it:
There is a pullback support level.
Take profit: 1.0837
Why we like it:
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop?Ethereum (ETH/USD) is reacting off the pivot which has been identified as an overlap resistance and could drop to the 1st support level which acts as a pullback support.
Pivot: 2,511.77
1st Support: 2,399.50
1st Resistance: 2,568.32
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAUUSD 27/10/24Continuing from last week's analysis on gold, we are again anticipating higher prices as we enter this trading week. We don’t expect the trend to change unless there's a clear reason, such as breaking below key lows and staying bearish for an extended period, which could signal the start of potential sell-offs. However, for now, we're not considering this scenario. We have three key reference points: the primary target is another all-time high this week. Watch for price to dip below lows that hold liquidity, and then aim for the target at the all-time high. Follow the upward trend of large bank orders and look for a good entry if we see a pullback.
Trade safely and stick to your risk management.
EURUSD 27/10/24EUR/USD has shown a continuous downward movement this week, which aligns with the institutional trend we discussed last week. Although there was a brief push above the recent high, there is a chance for the price to move slightly higher before resuming its path.
We’ve highlighted key areas of interest. One is a supply zone where we expect the price to react, potentially targeting liquidity to the left. Additionally, there is a potential reaction point at the previous high, along with a liquidity target below.
Our short-term bias is bullish, but we maintain a long-term bearish outlook, as we have for the past month. Keep an eye on fundamentals, and avoid buying in this market since the overall trend is still downward.
Remember to follow the "Keep It Simple" approach, and only take trades with a clear entry signal.
Trade safe and always stick to your plan.
EURUSD Is Trading under The Pressure Of A Strong UsdHey Traders, in tomorrow's trading session we are monitoring EURUSD for a selling opportunity around 1.07900 zone, EURUSD is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below 1.07900 support area we will be looking for a potential retrace of the trend towards further downsides.
Trade safe, Joe.
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.29750 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.29750 support and resistance area.
Trade safe, Joe.
THE US DOLLAR is still King?The US Dollar Index has found support near all that former resistance from the past decade. The polarity here in the US Dollar is very real.
ADA Caution!Considering cycle theories and assuming Altcoins - especially those from 2015-2017 - could be in different corrective phases than Bitcoin, investors could be in a big surprise for the next upcoming months. While Bitcoin is potentially in its last cycle (retail wave 5) before its first major correction, the older Altcoins are still in their wave 2 which results in a long exhaustive ABC phase and often corrects more than 50% of the first impulsive wave which would also coincide with the 1.618 Fib.
This would mean that alt-season - for the older big coins - is not here yet. Regarding their meteoric rises after more than 10k% the fundamentals need to catch up to overvalued prices, which takes time.
A lot of people are confused and complaining about the "blue chip coins" not going up, especially Cardano, while Market Makers play the long game and suppress Altcoin prices artificially, simply keeping them in a big trading range and in corrective mode till their first cycle ends and the next begins.
ADA e.g. shows striking resemblance to NEM (XEM) with a similar corrective structure and sits on long time life support. The more it pokes on it the more it's gonna get dangerous for the next breakdown to the 0.10-0.20$ region.
EURUSD: Support & Resistance Levels For Next Week 🇪🇺🇺🇸
Here is my latest structure analysis and important key levels
to pay close attention to on EURUSD next week.
Consider these structures for pullback/breakout trading.
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Gold 1H Intra-Day Chart 27.10.2024There has been news since yesterday of Israel now attacking and bombing Lebanon, so be wary of possible gaps on market open tomorrow night. Here is what I am looking for next;
Option 1: Gold carries on dropping lower now towards $2,680 as first target.
Option 2: Gold pushes a little higher towards $2,770 - $2,785 next.
EUR | USD | GBP Weekly Forecast Oct. 28: SELL EU & GU!In this video, we will view the markets through ICT Concepts, focusing on the USD, the EURO, and the GBP.
The retracement in the USD Index is overdue and pending... but not yet! There is still room to the upside, which means EURUSD and GBPUSD will likely be BEARISH, as the USD is stronger than both at this time.
Look for the FVGs to hold price or fail, and let them guide you.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
EURUSD hit the MA50 (4h) after 1 month. Buy if it breaks.EURUSD hit today its MA50 (4h) for the first time since September 30th.
The pattern remains a Channel Down though, so the trend remains bearish unless a (4h) candle closes above the MA50.
Trading Plan:
1. Buy after a (4h) candle closes above the MA50.
Targets:
1. 1.09500 (Resistance 1).
Tips:
1. The RSI (4h) is already on a bullish reversal and a Higher High. If the MA supports, it will be an extra bullish signal.
Please like, follow and comment!!
Notes:
Past trading plan:
Gold, DXY & USDJPY UpdateVery dull market conditions today. Not much price difference for the Dollar, Gold & USDJPY. Markets have been ranging for the past 2 days.
We should see price volatility pick up again from Monday.
Sell XAU/USD (Gold) Triangle BreakoutThe XAU/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2722
Target Levels:
1st Support – 2702
2nd Support – 2687
Stop-Loss: To manage risk, place a stop-loss order above 2744. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bitcoin's Covid Crash Bottom Was KnowableThe BTCUSD bottom of the March 2020 Covid-19 correction looks a lot like a textbook flip of resistance into support when adjusted for the money supply.
USDRUB Massive bullish break-out delivering a strong rally.The USDRUB pair has made an aggressive bullish break-out since the week of September 16, as it broke above the 1-year Lower Highs trend-line (since October 09 2023). At the same time it broke above its 1W MA50 (blue trend-line), while sustaining a rebound off the 1W MA100 (green trend-line).
As we can see on this chart, when the pair historically breaks above similar Lower Highs trend-lines, it rallies to at least the 1.382 Fibonacci extension. As a result, we expect to see at least 110.000 on the current rally.
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Short-term EURUSD ideaAfter yesterday's better than expected flash PMIs from Germany, we saw EURUSD finding some buying interest. Let's see if we can get a larger correction to the upside.
EASYMARKETS:EURUSD
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BULLISH GOLD AHEAD In the coming days we are monitoring GOLD for a big bullish run towards 2800 and ultimately 2916 level. Gold is currently expected to sweep the liquidity at 2700/2690 level before this move up. Its should also be noted that USA elections are coming up on 5th Nov hence a lot of volatility expected which will include a big drop on US DOLLAR. For the experienced traders happy hunting, for the new traders stay within reasonable risk. Use proper risk management. Best of luck to you all. GWG
USD/JPY - Trendline Breakout with Potential Buy Opportunity"USD/JPY has just broken out of a trendline resistance. I have identified a green zone as a support level below. My idea is that if the price pulls back to this support zone, we could see buyers step back in, offering a strong opportunity to go long and push the price higher. Waiting for confirmation of a bounce in this zone before entering a long position.
