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Wave Analysis

GOLD: Trend is still bullish on intraday chartHi Traders! Gold futures are up 0.6% at $2,793.50 a troy ounce after hitting a fresh record of $2,801.70 an ounce earlier in the session. The new high reflects safe-haven demand, boosted by uncertainty around the U.S. election, says Vivek Dhar, analyst at Commonwealth Bank of Australia. The growing likelihood of a Trump presidency has likely played a role too. Former President Trump's plans raise the risk of policy disruption, geopolitical tensions and a higher U.S. debt profile, Dhar says in a research report. These have further boosted gold's appeal as a safe-haven asset. CBA expects gold to average $2,800 an ounce throughout the fourth quarter of 2024. It expects gold to rise to average $3,000 an ounce by the fourth quarter of 2025. From a technical point of view, during yesterday's session Gold reached our TARGET 1 (see chart/analysis below), at the same time, the trend seems to remain bullish, and after a corrective structure on intraday chart, Gold could reach the 2,800 area also on the spot market. 🔴 ANALYSIS TARGET 1 (click and play on chart below) Thanks for watching.
OANDA:XAUUSDLong
by TheAnonymousBanker
2
ENA contracting triangleI can notice that the ENA is moving in a contracting triangle which generally occurs in wave 4 in the five wave impulse pattern. I expect the price goes to 0.3823 or higher (truncated triangle). The target would be 0.4181 when wave 5 = wave 1 or the target would be 0.4124 which is the triangle height. It may goes also higher than that or it may not, Stop loss may be 0.3763 which is the end of wave C in the triangle. As I always say, use your protective stop and manage your wallet risk Good Luck :)
Long
by ahmed_fawzy
1
INDEX_DXY_4H🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸 hello Analysis of short and medium term dollar index The analysis style is based on Elliott waves. The indicator is in an ascending wave, which is currently the big 3rd wave, which is again a downward correction wave as wave 4 and again the continuation of the ascending wave towards wave 5. 3 wave resistance 105.000 Support wave 4 number 103.300 5 wave resistance 106.600
TVC:DXYLong
by Elliottwaveofficial
GBPJPY opportunity- Mean reversion play.If the market gains momentum, there is potential for a countertrend on GJ. Trading back to a weekly fast-moving average with the added confluence of a 50% retracement of the larger move.  Higher-risk trading against the trend, however, the market may present a shorter-term, high-RR trade opportunity. There are two options for this trade idea, depending on the degree of pullback. Trade invalidation If the price grinds higher without momentum or it moves below wave C with a lower low. 
Long
by SACT_CAPITAL
1
DXY Is Going Down! Sell! Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 104.138. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 103.076 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
GOLD Will Grow! Buy! Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2,782.14. The above observations make me that the market will inevitably achieve 2,800.00 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:XAUUSDLong
by SignalProvider
1
USDJPY Will Fall! Short! Please, check our technical outlook for USDJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 153.142. Taking into consideration the structure & trend analysis, I believe that the market will reach 147.275 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
USDCHF Will Go Lower From Resistance! Sell! Here is our detailed technical review for USDCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.867. Considering the today's price action, probabilities will be high to see a movement to 0.860. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
Bitcoin and altcoin overview (October 30-31)Yesterday, Bitcoin continued its upward movement and tested the important level of $72,000. During an attempt to break through, a large number of short positions were liquidated, and we are currently trading within this range. The ATH (All-Time High) is closer than ever, but there is now a chance of a correction. All sell zones have been filled, and the only projected short is possible from current levels. After Bitcoin reaches a new peak, we will only observe predictive liquidations and deviations in delta and volumes. Buying zones: $70,000-$68,900 (pushing volumes) $67,500-$66,800 (maximum volume in the range) $63,100-$62,500 (mirror volume zone) $60,000-$59,000 (buyer activity) Interesting altcoins: For REEF, we are considering a continuation of the upward movement from the zone with volume anomalies at $0.0015-$0.00148 if there is a reaction, or on a false breakout of the $0.01464 level.
by Crypto_robotics
AMD (AMD): Trendline test coming - crucial for bullish case!Following the completion of wave 3, NASDAQ:AMD has also completed wave 4 with a near-perfect correction at the 78.6% Fibonacci retracement level. The rapid V-shaped recovery after the drop validates our count and points to continued bullish momentum as long as key support levels hold. AMD’s earnings report on Tuesday aligned with forecasts but projected slightly weaker revenue than expected for the upcoming quarter. This led to a 6% decline in after-hours trading, raising concerns about potential deceleration in AMD’s overall business, even as the company remains a key player in the AI chip sector alongside its competitor, Nvidia. From a technical perspective, NASDAQ:AMD now faces a crucial test. The stock must break through the resistance zone between $162 and $174 to confirm further upside potential. Failing to do so could result in a pullback to the trendline, a level that has been respected several times since early 2023. As long as the stock remains above the $120 level, we maintain our bullish outlook. However, losing this level would confirm a bearish trend shift. We expect continued volatility, particularly post-earnings, and will monitor for a potential move higher or consolidation around these resistance levels. We are optimistic about AMD’s prospects but await further developments at this critical juncture.
NASDAQ:AMDLong
by freeguy_by_wmc