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Gold Bearish Trend Analysis Here’s an analysis for US30 Empire on why we believe Gold will continue to go down: Gold Bearish Trend Analysis We believe Gold is likely to continue its downward trajectory for several reasons, as outlined below: Stronger US Dollar: Gold typically moves inversely to the strength of the US dollar. Recently, the US dollar has gained momentum due to positive economic data, including stronger-than-expected employment numbers and steady GDP growth. As the dollar strengthens, gold becomes more expensive in other currencies, leading to reduced demand and a price decline. Rising Interest Rates: While inflation has shown signs of slowing, central banks, particularly the Federal Reserve, have kept interest rates relatively high. Rising rates reduce the appeal of non-yielding assets like gold, as investors seek better returns in interest-bearing assets such as bonds. This continued environment of high rates pressures gold prices downward. Diminishing Safe-Haven Demand: During times of heightened market uncertainty, gold often acts as a safe-haven asset. However, as global economic conditions stabilize and investors show increasing confidence in risk assets like equities, the demand for gold as a hedge against risk declines. This shift in sentiment puts downward pressure on gold prices. Technical Indicators: From a technical standpoint, gold has recently broken below key support levels, confirming a bearish trend. The RSI (Relative Strength Index) is also showing signs of being overbought, indicating that a pullback is due. Additionally, moving averages are indicating downward momentum, signaling a potential continuation of the downtrend. Reduced Inflation Fears: While inflation was a major driver for gold in the past, the recent easing of inflationary pressures reduces the need for gold as an inflation hedge. As inflation expectations moderate, gold loses its primary appeal, contributing to downward price movement.
OANDA:XAUUSDShort
by US30EMPIRE
US30 Trendline Breakout AnalysisRecently, US30 (the Dow Jones Industrial Average) broke through a key resistance trendline, signaling a potential shift in market momentum. Here’s why we think this breakout is significant and why the index may continue to rise: Positive Economic Indicators: Recent economic data has shown resilience, with strong corporate earnings reports and steady employment numbers, reducing fears of an imminent recession. These factors boost investor confidence, attracting buying pressure and supporting upward price movement. Lower Interest Rate Concerns: With inflation showing signs of cooling, the Federal Reserve may ease on aggressive rate hikes, which typically weigh on equities. The market often rallies when the outlook on interest rates is more favorable, as it lowers borrowing costs and encourages investment in riskier assets like equities. Technical Breakout Confirmation: The recent breach of the resistance trendline was supported by high trading volume, which often validates the strength of a breakout. Additionally, other technical indicators, such as moving averages and the Relative Strength Index (RSI), show bullish momentum, suggesting that the breakout is not a false signal. Market Sentiment and Risk Appetite: Investors appear to be shifting toward a "risk-on" mode, with increased demand for growth-oriented and blue-chip stocks in the US market. This shift in sentiment often leads to further gains in major indices like the US30, especially as it represents stable, high-performing companies. Seasonal Trends and Year-End Rally Potential: Historically, the end of the year often brings about a “Santa Claus rally” in equity markets, where stock prices trend upward due to favorable market sentiment and portfolio adjustments. This seasonal pattern may further support the US30’s upward trajectory as we approach the year-end.
BLACKBULL:US30Long
by US30EMPIRE
EURUSD The sell-off isn't over yet.The EURUSD pair is extending the sharp sell-off after the most recent bearish signal upon the 1D MA100 (green trend-line) rejection. This is practically the same sideways Zones we talked about almost a month ago (October 14, see chart below): The price broke below the 1-year Higher Lows trend-line that was the last 'hope' for a bullish reversal and should now extend the bearish trend even lower. The 1D MA100 rejection was also a rejection on the 0.5 Fibonacci retracement level and as you can see this is identical to the August 31 2023 rejection. That was half-way through a Channel Down (also starting from the Resistance Zone) that eventually targeted the 1.236 Fibonacci extension. As a result, we remain bearish on this pair, targeting 1.05300 (Fib 1.236 extension), unless the 1D RSI hits 25.00 (oversold), in which case take profit regardless, as this RSI reading preceded the October 03 2023 bottom. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDShort
by syomking76418
Hellena | EUR/USD (4H): Short to support area at 1.06749.Colleagues, the US presidential election has made some adjustments to the wave markup and I now believe price is in a contested position. I think that the downward movement will continue and the price will update the lows, but for now I expect the price to reach the support area at 1.06749. If the price updates this level - I will consider that the price is in a complex correction and I will look for a long position entry, but for now I prefer short positions. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Short
by Hellena_Trade
8
Potential bullish rise?GBP/CHF has reacted off the support level which is a pullback support and could rise from this level to our take profit. Entry: 1.12997 Why we like it: There is a pullback support level. Stop loss: 1.12613 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Take profit: 1.13599 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! 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.
Long
by VantageMarkets
Overlap resistance ahead?EUR/AUD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.63368 Why w like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.64463 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Take profit: 1.61518 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
Heading into 50% Fibonacci resistance?EUR/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 164.90 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 166.21 Why we like it: There is a pullback resistance level. Take profit: 163.58 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
Bearish reversal?AUD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 101.56 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 102.37 Why we like it: There is a pullback resistance level. Take profit: 100.11 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
1
Gold continues to decline according to the technical chart.Gold prices continue to decline according to the technical chart. World gold prices dropped sharply last Wednesday after Mr. Trump won the election to the White House. The USD skyrocketed after this event, and the gold market experienced sell-offs. Bond yields rose as investors worried that the tariffs and tax cuts that Mr. Trump promised before his election could cause inflation to rise again. Morrison said, USD and interest rates increased. Gold prices fell sharply and found a bottom, then increased slightly in the last session of the week, gold was under strong selling pressure. Gold prices hold support from 2,635 to 2,675 USD/ounce. This is the resistance level of gold prices in the last week of September and early October. This week, the market is interested in some economic information such as US core CPI - data for the Fed to monitor inflation, weekly unemployment benefit data, US retail sales,... Owner Fed Chairman Jerome Powell will also speak on Thursday. According to Adam Button, Director of Currency Strategy at Forexlive, the market is watching who will be America's next finance minister. He expects the price of gold to increase again if John Paulson is chosen, because he is a gold price speculator.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Potential bullish bounce?USD/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 150.82 1st Support: 149.39 1st Resistance: 154.79 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: 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.
Long
by ICmarkets
1
Bullish rise off pullback support?The Swissie (USD/CHF) has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance which has been identified as an overlap resistance. Pivot: 0.8702 1st Support: 0.8604 1st Resistance: 0.8890 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: 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.
Long
by ICmarkets
Falling towards 78.6% Fibonacci support?The Cable (GBP/USD) is falling towards the pivot and could bounce to the overlap resistance. Pivot: 1.2806 1st Support: 1.2682 1st Resistance: 1.3044 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: 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.
Long
by ICmarkets
Potential bullish bounce?The Fiber (EUR/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.0677 1st Support: 1.0615 1st Resistance: 1.0802 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: 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.
Long
by ICmarkets
AUD/USD Analysis: Potential Upside Momentum in the Coming DaysThe AUD/USD pair may experience a bullish move in the coming days or weeks. On Friday, November 8, we observed the pair respecting a key daily trendline and establishing fresh higher lows on the Daily timeframe. Notably, on Thursday, November 7, the pair reached its weekly high at 0.6672, which serves as a significant daily resistance level. Following this, the bullish momentum faded, leading to a retracement down to 0.65582. As we look ahead to the upcoming week, there is potential for a renewed push to the upside, aiming for new higher highs. We are eyeing buy entries above the key resistance level at 0.6672. Trading Plan: Monitor the price action closely and look for confirmations before entering buy positions above 0.6672. Remember to trade safely and responsibly.
Long
by TeptForex
2