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Analysis

Gold technical move Gold analysis involves examining the various factors that influence the price and demand for gold in global markets. This includes evaluating economic indicators such as inflation, interest rates, and currency fluctuations, as well as geopolitical events and market sentiment. Analysts also consider supply and demand dynamics, including mining production and investment trends. Gold analysis is critical for investors and traders looking to understand price movements and make informed decisions about buying, selling, or holding gold as part of their portfolio.
OANDA:XAUUSDShort
by sourabhlowanshi
1
Bitcoin can exit from pennant, after which starts to declineHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price rose inside the upward channel, where it soon reached the buyer zone, which coincided with the support level. Later, BTC broke this level and rose to the resistance line of the channel, but then it turned around and made a correction movement to the buyer zone. In this area, the price rebounded from the support line of the channel and started to grow, so, in a short time it broke the 68800 level again and then exited from the upward channel. Next, BTC continued to move up inside the upward pennant, reaching the support line and rebounding higher. Later, the price reached the current support level (86600) which coincided with the support area, and soon broke this level, after which rose to to resistance line of the pennant. Then it made a correction movement to the support area, after which turned around and rose back to the resistance line of the pennant. Now, the price continues to trades near this line and I think that BTC can exit from this pattern and little grow more. After this, the price can turn around and start to decline to the 86600 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
10
GOLD - Price can make small correction and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined in falling channel, where it fell below $2655 level and reached support line of channel. Then price turned around and started to grow inside rising channel, where it soon reached $2655 level and broke it. In this channel, price grew to resistance line and continued to move up near this line, until it reached $2790 points. After this, price turned around and started to decline, exiting from rising channel and fell to $2655 level. Soon, Gold broke this level too and fell to $2560 level, where it bounced from support area and started to grow recently. I think that XAU can little correct to support level and then continue to move up to $2655 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
3
BCH Parabolic Incoming?it seems BCH is poised for a parabolic rise, Technical analysis is saying so, fundamental reasons is there as well as a big update to the core has been commited over the past days, you can read about it here: u.today based on the news it now rivals ETH! "This upgrade fully utilizes Bitcoin Cash's fundamentally more scalable architecture to provide math capabilities that surpass those of Ethereum such as "bare metal" performance, more byte-efficient and cheaper transactions" let's see how this unfolds.
COINBASE:BCHUSDLong
by TheRealJohnConnor
Fundamental Market Analysis for November 18, 2024 GBPUSDThe Pound-Dollar pair starts the new week on a subdued note and is consolidating in a range above the round 1.26000 mark, or the lowest level since mid-May, reached on Friday. For now, spot prices appear to have broken a six-day losing streak on the back of a modest decline in the US Dollar, although the fundamental backdrop supports the prospects for an extension of the recent established downtrend. The US Dollar remains on the defensive below the one-year high (YTD) set last Thursday as bulls took a pause to take a breather after the explosive rally following the US election. However, any meaningful decline in the dollar seems unlikely amid expectations that US President-elect Donald Trump's policies are likely to revive inflationary pressures and limit the scope for further rate cuts by the Federal Reserve (Fed). This has been a key driver of the recent rise in US Treasury bond yields, suggesting that the path of least resistance for the US Dollar lies to the upside. The British Pound (GBP), on the other hand, may struggle to attract buyers amid uncertainty over the Bank of England's (BoE) future interest rate path. Data released last week showed that UK wage growth excluding bonuses slowed in September, while the unemployment rate rose to 4.3% from 4.1%. In addition, UK GDP unexpectedly contracted in September for the first time in five months, reinforcing expectations of a BoE rate cut. Nevertheless, Bank of England members are not expected to cut interest rates at the December meeting. This, in turn, makes it reasonable to expect strong follow-through buying to confirm that the GBP/USD pair has formed a short-term bottom. Bearish traders, however, can now wait for a sustained breakout and consolidation below the 1.2600 round figure before placing new bets amid a lack of market-significant economic releases on Monday from both the UK and the US. Trading recommendation: Watch the level of 1.26000, if consolidated below consider Sell positions, if rebounded consider Buy positions.
by Fresh-Forexcast2004
Will we witness parity in EURUSD?EURUSD - Daily analysis and trading strategy. The new week begins with the G20 meeting in Brazil. It is possible to outline new directions for the development of the world, especially in the hotspots Ukraine and Israel. On Monday, the ECB's President Lagarde speech is expected, where it should become clear whether there will be a change in interest rate policy in Europe after the election of Trump. Lagarde is likely to hint at a cut in the key interest rate. The tariffs that the new team in the White House is expected to introduce to Europe and especially to its industrial part, such as Germany, are already having an impact. Factories will not be able to compete with Chinese and American goods. In addition, the market for goods from Europe is constantly shrinking, and the quality is falling. Currently, 41.5% of German companies report a lack of orders. This percentage will increase significantly in early 2025. A number of manufacturers from Europe are thinking about where to go. Possible locations are the United States, China, and possibly other countries such as Turkey and Southeast Asian countries. The euro has no chance in the near term. The probability of Euro/Dollar parity is very likely even before January 20, 2025 (Donald Trump's Inauguration). Therefore, our strategy remains to sell the euro with the aim of parity and down. If you are entering the market now, wait for the slight upward correction of 50-80 pips to re-open a short position. For this week, we expect the dollar to take a lead of 100-130 pips against the Euro.
Short
by World-Signals
1
LTC breakout, buying opportunity potentialLittle more than a few days ago I posted a very similar breakout for XRP. The market answered and we sore some parabolic upward lunges. LTC has been slow to react to the overall bullish sentiment within the market. But as before, I've been monitoring it closely and awaiting a potential buy signal. Today, it looks as though there is an event, MACD and volume breakout to give us a very strong buying signal. I just wonder if we'll see the types of lunges we saw with XRP and whether this overall trend line breakout and orgasmic upward lunge that we saw with XRP will be typical with other coins. Perhaps LTC is next? I'm on the train, let's put it that way. Follow for more.
BITFINEX:LTCUSDLong
by cryptechcapital
1
INVESTMENT IDEA - BAJAJ FINANCE Bajaj Finance , a major financial services provider in India, showcases a promising investment setup supported by both technical and fundamental strengths. Technical Reasons : Trend Line Support: The stock is holding above a long-term trend line, indicating resilience and potential for an upward move. Intact Trend: Continuous higher highs and higher lows signal that the bullish trend remains intact. Doji and Inside Candle Pattern on Weekly: This pattern suggests a possible reversal or continuation, highlighting a period of consolidation with potential for breakout. Fundamental Reasons : Record Revenue and Net Profit: Both metrics are at all-time highs, underscoring the company's financial strength. Attractive Valuation: With a current 10-year PE ratio of 27.9, Bajaj Finance trades below its 10-year median PE of 45.4, suggesting it is undervalued relative to historical standards. Solid Growth and Returns: The company boasts a 24% compounded sales growth rate, an ROCE of 11.9%, and an ROE of 22.1%, reflecting effective utilization of capital and profitability. These combined factors make Bajaj Finance an attractive long-term investment option, with technical support for entry and solid fundamentals for sustained growth potential.
NSE:BAJFINANCELong
by Visionary_Growth_Insights
$ETH reach new ATH $6300BINANCE:ETHUSDT The coin is declining, which is just good for the current market. I expect correction to the zone of 2690-2870, but the best level will be 2773. After the correction, a new growth cycle will begin and will require a breakdown of the resistance level, from which the correction has now occurred. After the breakdown and confirmation of the level, the price will go to reach new heights and update the historical maximum. Prices of 4700 and 6311 are quite achievable with the current market and related news. Follow me for fast Updates by link in signature or bio!
Long
by DirectorTradinga
1
HelenP. I Euro will correct to trend line and then start to riseHi folks today I'm prepared for you Euro analytics. In the chart, we can see how the price some time traded between resistance 2, which coincided with the resistance zone and later started to grow the trend line. When the price reached this line, it turned around and started to decline and soon broke the 2nd resistance level. After this, the price continued to fall below the trend line and when it fell to 1.0765 points, the price turned around and rose higher than the trend line, breaking it. Then the Euro rose to 1.0940 points, after which made impulse down to one more resistance zone, which coincided with 1st resistance level. Price tried to grow, but failed and continued to decline next, breaking the 1.0680 resistance level. And recently it reached the trend line and at once rebounded and started to grow. For this case, I expect that EURUSD will correct to the trend line and then start to grow to the 1.0680 resistance level, therefore this level is my goal. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
Gold can reach resistance level and then continue to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some time ago traded near the 2735 resistance level, which coincided with the seller zone and then started to grow and rose to 2780 points. Then the price turned around and started to decline inside the downward channel, where it broke at once 2735 level and then fell to the support line. After which it bounced and rose to the resistance line, but soon rolled down and later dropped to the current resistance level, which coincided with the resistance zone. Gold some time traded in the resistance area and then broke the 2590 level, after which fell to the support line of the downward channel. A not long time ago it rebounded from this line and started to grow, and now Gold continues to grow to it current resistance level. In my opinion, the price can reach a resistance level and then turn around and start to decline next in a downward channel. For this case, I set my TP at 2490 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
USDCAD BULLISH PROFITABLE IDEA#USDCAD is at a bullish sentiment, what we can do from the previous price action is observed the previous Break of structure in the bullish direction. It is important to note hoe the break of structure took place , and as we see there was formation o structure which resulted in an impulsive market action resulting to the break, this area has been untapped till now of any pending liquidity in support of the bullish trend What to do ? Wait or the price action to mitigate this area and look for a suitable entry position based on your entry techniques, esp before the news. #all the best.
Long
by DIGITALASSETSINC
Cisco (CSCO): Waiting for an entry after earningsCisco NASDAQ:CSCO recently reported its Q1 earnings, and the results exceeded expectations. With a reported revenue of $13.841 billion versus the estimated $13.775 billion, and earnings per share (EPS) coming in at $0.91 against an expected $0.872, the company delivered a positive surprise. This marks the ninth consecutive quarter where Cisco has beaten revenue estimates. On the technical side, the previously bearish outlook has been invalidated. We have updated our chart, adjusting the wave (4) bottom to align with the lower trend channel. After a remarkable 33% rally in just 100 days, the stock is due for a “healthy” pullback, potentially targeting the range high of $52-$48. However, this will heavily depend on further market reactions to the earnings report. From a broader perspective, we are now targeting a push towards or even above the upper trend channel for the wave 3 and subsequently the wave (5). However, these moves are long-term prospects and will take time to materialize. The focus remains on recurring revenue, which has grown significantly year-over-year, reaching $29.6 billion in the fourth quarter. While recurring revenue from subscriptions is a bullish factor, potential concerns regarding company spending in the second half of 2024 need to be monitored. We are closely observing the lower time frame for potential entry opportunities, keeping an eye on the anticipated pullback to confirm healthy growth momentum.
NASDAQ:CSCOLong
by freeguy_by_wmc
Fundamental Market Analysis for November 15, 2024 USDJPYThe Japanese Yen (JPY) extended its losing streak against the US Dollar (USD) for the fifth consecutive session following the release of Japan's Q3 Gross Domestic Product (GDP) data on Friday. The USD/JPY pair's upside potential is supported by a strong US Dollar (USD). Traders are also preparing for the release of US retail sales data for October, due later on Friday. Japan's preliminary gross domestic product (GDP) data for the third quarter rose 0.2% quarter-on-quarter, up from 0.5% in the previous quarter, matching market expectations. On an annualized basis, the country's GDP growth in the third quarter was 0.9%, beating the market consensus forecast of 0.7%, but showing a sharp slowdown from the 2.2% growth recorded in the second quarter. Japan's Finance Minister Katsunobu Kato said on Friday that he will take appropriate measures against excessive currency fluctuations. Kato emphasized the importance of stable exchange rate movements reflecting economic fundamentals and expressed concern about unilateral sharp fluctuations in the market. Meanwhile, Japan's Economy Minister Ryosei Akazawa said he expects the moderate economic recovery to continue, fueled by rising employment and wages. However, Akazawa also emphasized the need to keep a close eye on potential downside risks to the global economy and volatility in financial and capital markets. Trading recommendation: Trade predominantly with Buy orders from the current price level.
Long
by Fresh-Forexcast2004
Sell XAU/USD (Gold) Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2560, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2524 2nd Support – 2501 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
4
Sell XAG/USD (Silver) Bearish ChannelThe XAG/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 30.40, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 29.50 2nd Support – 29.10 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAGUSDShort
by KABHI_TA_TRADING
1