Gold long will too long read the caption Good Day... And a Tom Terrific Tuesday to you! Well, a PT guy came to the house yesterday, sent by my doctors, to get me strong again... I told the PT that my youngest son was a PT, and he about turned around and left, but then I told him that my son hadn't checked with me, so he was more than welcome to begin... I passed all the tests! I even blew the guy away with my balance! And That, was the highlight of my day! I did sit outside and read again, marking two days in a row of me getting outside... It's the little things that I work toward these days.... Uriah Heap greets me this morning with their 70's anthem song: July Morning... This is the song that I quote the lyrics to the first Pfennig of July
Forexsignals
GBPNZD Moving to 2.10 -Great Bearish Trade, Great ROIMorning Trading Family
GBPNZD is setting up for a clean bearish move toward 2.10. If it holds below the recent level, this could be a great trade with solid ROI. Keep it simple—manage risk by placing your stop above the latest high and let the trade play out
Mindbloome Trading
Trade What You See
GBPAUD Moving to 1.91958-Great Trade, Great ROHi Trading Family,
Here’s an exciting opportunity: GBPAUD is showing bearish momentum, and the target is set at 1.91958. This could be a great ROI trade for those positioned right. Keep your stop above the recent high to minimize risk and let the trade ride.
Hope this helps!
Mindbloome Trading
Trade What You See
Eyes on BOE Gov speech It seems that a head and shoulders pattern is forming. If the speech by the Governor of the Bank of England regarding GBP suggests any acceleration in rate cuts, then we should definitely expect the completion of the head and shoulders pattern for this currency pair. In just a few minutes, we will be ready to trade this pair.
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.
Will Euraud seek bearish momentum ?Hello ligand traders ! I hope you are doing good. Today I will talk about the possible EURAUD trade.
As you can see , EURAUD is making complex movements . But overall the trend is very bearish according to my bias . Here this market broke recent low around 1.62000 and retested the higher highs which is a classic bearish outlook .
Moreover you can see that it created double top formation in the upper side of the border . This point is 1.62669. So ligand thinks that EURAUD will soon move down to its local channel .
The target of our EURAUD is 1.60283 level which is marked in this chart . Trade carefully and stay with ligand .
Xauusd sell Meanwhile, any corrective slide now seems to find some support near the $2,720 region. This is closely followed by the lower end of the aforementioned channel, currently pegged near the $2,710 area, which if broken decisively should pave the way for deeper losses. The subsequent fall could drag the Gold price below the $2,700 mark, towards the $2,685 support. The latter should act as a key pivotal point, below which the XAU/USD could accelerate the decline towards the $2,662-2,661 resistance breakpoint, now turned support
Gold now sell 2735
Support 2724
Support 2717
Resistance 2745
Xauusd prices decreased slightly during many hot daysThe world gold price sometimes reached 2,740 USD/ounce but then suddenly reversed and dropped sharply. At 6 a.m. on October 22, today's gold price dropped to 2,720 USD/ounce.
According to analysts, the international gold market fluctuated wildly in the context of many investors selling to gain profits. Gold price today, after many days of hot increases, was forced to go down.
Meanwhile, US bond interest rates increased to 4.1% - the highest level in the past 3 months. That means bond values decline, motivating investors to sell gold and shift capital into bonds. Gold price today naturally decreased.
Gold, which is considered a hedge against political and economic instability, has increased more than 31% since the beginning of 2024 until now. Gold prices also broke many records when the US's move to cut interest rates combined with the need for safe haven capital created a storm in the market.
💎 XAUUSD sell 2734 - 2736💎
✔️TP1: 2731
✔️TP2: 2721
✔️TP3: OPEN
🚫SL: 2743
Xauusd price is likely to be $3,000World gold prices increased in the context of the USD index falling. Recorded at 9:20 a.m. on October 21, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,749 points (down 0.08%).
Over the past year, gold bars - a commodity considered a hedge against political and economic instability - have increased more than 31%, breaking many records. The US Federal Reserve's (FED) interest rate cuts combined with safe haven demand have created a perfect storm for gold.
According to senior market strategist Daniel Pavilonis of RJO Futures, developments ahead of the US election and geopolitical developments in the Middle East are supporting precious metals.
President of Phoenix Futures and Options - forecasts that interest rates will decrease and gold is ready to conquer new milestones. He believes that gold prices will reach $3,000/ounce in the first quarter of next year.
In the coming time, gold prices will still be affected by the FED's interest rate management. According to CME's FedWatch tool, US inflation has been contained, the market is expecting a 92.2% chance that the FED will cut 25 basis points and a 7.8% chance of keeping current interest rates unchanged. meeting on November 7.
💎 XAUUSD sell 2734 - 2738💎
✔️TP1: 2730
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2744
Heading into 61.8% Fibonacci resistance?EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.0849
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.0869
why we like it:
There is a pullback resistance level.
Take profit: 1.0810
Why we like it:
There is a pullback support 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.
Dollar Index Consolidation: Will NFP Trigger an Upside Breakout?Since its recent touch on the support zone back in August, the U.S. Dollar Index ( TVC:DXY ) has entered a period of consolidation, characterized by multiple attempts to break through this critical support level.
Despite several instances where the price briefly dipped below the technical support zone, each time, the market witnessed a strong reversal, with bulls stepping in to defend the level successfully.
From my perspective, we are nearing a potential upside reversal, and the upcoming Non-Farm Payroll report on Friday could serve as the catalyst for this move.
Currently, 102 is the key level to watch for confirmation of an upward breakout. Should the DXY break above this threshold, the next reasonable target would be around 104, marking a significant bullish shift in momentum.
Bullish bounce off pullback support?EUR/CAD is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 1.49237
Why we like it:
There is a pullback support level.
Stop loss: 1.4879
Why we like it:
There is a pullback support level that us slightly below the 61.8% Fibonacci projection.
Take profit: 1.5007
Why we like it:
There is an overlap resistance level that is slightly below the 61.8% Fibonacci retracement.
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.
USD/JPY Breakout: Potential Long Opportunity at New SupportIn the 1-hour time frame, USD/JPY has broken through resistance and is now forming a new support zone, marked in green. My idea is that if the price pulls back to this new support zone, buyers could step in again, pushing the price higher. This could present a good opportunity to enter a long position as the market may rebound from this level.
Potential bearish drop?USD/CHF is reacting off the resistance level which is a pullback resistance that lines up with the 78.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.8668
Why we like it:
There is a pullback resistance that lines up with the 78.6% Fibonacci retracement.
Stop loss: 0.8730
Why we like it:
There is a pullback resistance level.
Take profit: 0.8607
Why we like it:
There is an overlap support level that aligns with the 23.6% Fibonacci retracement.
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.
Bearish drop?USD/CAD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 1.3849
Why we like it:
There is a pullback resistance level.
Stop loss: 1.3946
Why we like it:
There is a pullback resistance level.
Take profit: 1.3750
Why we like it:
There is a pullback support level that aligns with the 23.6% Fibonacci retracement.
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.
Falling towards pullback support?GBP/CHF is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance level which is a a pullback resistance.
Pivot: 1.1213
1st Support: 1.1164
1st Resistance: 1.1296
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.
Bullish bounce?EUR/CAD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance level.
Pivot: 1.49267
1st Support: 1.48808
1st Resistance: 1.50093
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.
Bearish drop?CAD/CHF is reacting off the pivot and could drop to the 1st support level which acts as a pullback support.
Pivot: 0.62643
1st Support: 0.62319
1st Resistance: 0.62816
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.
USDJPYUSDJPY price is near the resistance zone 151.01-151.54. If the price cannot break through the 151.54 level, it is expected that the price will have a chance to go down in the short term. Consider selling the red zone.
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Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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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.