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Gold tests support againDear readers, as I predicted yesterday, Gold reversed its direction and opened the trading session below the $1975 level. I previously mentioned that Gold had the potential to retest in order to gather momentum for further upward movement. Therefore, upon analyzing the 1-hour chart, we can observe that Gold has broken the uptrend. It is expected to retest the support level before establishing a new upward trend. What are your thoughts on this matter?
OANDA:XAUUSD
by AlselvSignals
8
Update gold price at the beginning of the week! Hello dear friends! A new week has opened up with plenty of opportunities for us. Let's explore together with Karina <3 On the global front: - Political tensions in the Middle East remain unresolved and continue to escalate. - The Federal Reserve's decision to maintain a accommodative interest rate regime has helped support gold prices and alleviate market sentiment pressures. Result: Gold has become a fresh breeze for investors as it gains attractiveness amidst prolonged political tensions and conflicts. On the technical side: - Gold has broken its trendline and experienced a breakthrough, reaching a high of $1996, but it hasn't reached the $2000 mark yet. Currently, gold is slightly retracing to $1967 to retest the breakout area and test the EMA 34 and 89, aiming to establish new highs. The uptrend is still intact and prioritized. Expectations and forecasts for gold prices this week: This week, we will receive a lot of news from October 25th to 27th, with the most important being the speech by the Fed Chairman scheduled for October 25th, which is expected to have a significant impact on gold. If conflicts in the Middle East escalate, precious metals prices may surpass the $2000/ounce mark. Good luck. Karina will constantly update when new information. Click like and follow to receive the latest information!
OANDA:XAUUSD
by Karina_Bella
2
Approaching declines for next weekDear friends, In general, the upward trend of EURUSD is still functioning well (as observed on the 2H chart). At the time of writing, EU has temporarily halted trading at the level of 1.059. With the current trend, it is likely that EU may continue to rise and approach the resistance level of 1.063. Consequently, a rejection at this resistance level could cause the price to move downwards, reaching the limit of the ascending channel (as displayed on the chart). What are your thoughts on the future of EU?
by AlselvSignals
4
USDJPY to find motivation around the support levelDear friends, Today, the USD/JPY pair has risen higher and partially reversed the modest retreat from the psychological level of 150.00 or above the highest level in two weeks. At the time of writing, it is currently trading around 149.88 and becoming increasingly tense as it faces immediate resistance at 149.95. From my personal perspective, UJ may test the support level once again before gaining strong upward momentum towards 150.00. Breaking through this resistance level will serve as a strong impetus to further propel this currency pair towards higher levels around 150.20 on the upward channel. What are your thoughts on UJ's future?
by AlselvSignals
11
BTCUSDT: Does the price still increase or not?Hello dear friends: It is true that Karina's forecast for the price of BTCUSDT has reached the target of 30,000 USD, and the upward trend is still strongly supported. This is evident from the 4-hour chart where the EMA 34 line is still reversing well, and the price continues to trade firmly above both the EMA 34 and 89 lines, indicating a reinforced upward trend. Furthermore, the Dow is still performing well. The target for this time will be the final point of the Fibonacci extension at a price level of 30,742 USD, completing wave D as expected. Do you agree with this analysis? Please leave your comments below!
by Karina_Bella
1
Testing BTC stability again, market is hotDear friends, on the 1W time frame, we are witnessing an impressive upward movement. At the time of writing, BTC is trading below the $30,000 mark. The price increase channel is operating strongly as the cryptocurrency market eagerly awaits SEC approval for proposed Bitcoin exchange-traded fund transactions. Therefore, the BTC market is hotter than ever, and it is not surprising that this upward trend could reach $42,114 in the near future, along with a stable trend on the 1W time frame. However, I do not regard the figure of $48,088 highly as everything is still uncertain. Do you agree with my analysis and update? If so, don't forget to leave a like and follow.
Long
by AlselvSignals
9
GBPUSD: stable price but not sureHello traders! Today, GBP/USD continued to face new downward pressure, dropping to the 1.2100 area before experiencing modest recovery during the European trading session. Short-term technical prospects indicate that the downward trend persists, despite some sideways movement. It can be observed that retail sales in the UK decreased by 0.9% compared to the previous month in September, according to a report by the UK's Office for National Statistics on Friday. This data is weaker than market expectations of a 0.1% decline and weighs on the British Pound. Meanwhile, Bank of England Governor Andrew Bailey told the Belfast Telegraph that he expects inflation to "decrease significantly" next month. "Assessing the inflation data for September, core inflation has decreased slightly compared to what we anticipated, which is quite encouraging," Bailey added, posing challenges for GBP/USD in its recovery momentum.
Short
by Nolan_Signal
Updates and analysis this weekDear friends, Let's review the Gold market for the new week. In terms of global news: Tensions are escalating in the Middle East. The less hawkish tone from officials at the US Federal Reserve has limited the global dominance of the USD, indirectly benefiting gold. For these reasons, gold has become more attractive than ever. In terms of expectations: This week, the market will be waiting for a lot of news from October 25th to 27th, with the most important being the speech by the Fed Chairman scheduled for October 25th, which will have a significant impact on gold. If the Middle East conflict continues, gold could soar above $2000. In terms of technical analysis: Gold is showing a slight retreat to the $1966 level to retest the previous breakout zone, in order to build momentum for a new high. The upward trend is still intact, so I have high expectations for price increases this week.
OANDA:XAUUSD
by AlselvSignals
1
BTCUSD: Objective 30,000 in handHello dear friends. As predicted by Karina, the goal of reaching $29,000 has been achieved, and the price is getting closer to the milestone of $30,000. The price is also confirmed by Negentropic, who states that if Bitcoin surpasses the resistance level and crosses the $29,500 mark, it is almost certain that the leading cryptocurrency will aim for the coveted $30,000 target. The Fibonacci retracement tool also indicates that the $30,000 price target is still highly regarded. What are your thoughts on BTCUSD in the near future?
INDEX:BTCUSDLong
by Karina_Bella
5
GBPUSD negatively decreasesDear friends, GBPUSD continues to decline as predicted yesterday. It is currently trading in a narrow range around 1.2110. We are awaiting new catalysts from the Fed Chairman's speech later today to determine a clearer direction for the future. Regarding technical analysis: The market has formed a strong resistance level, acting as a consistent boundary. The price has tested this level multiple times, creating a shelf-like structure. We expect GBPUSD to decline further, with an anticipated decrease around 1.2040. What about you? Do you agree with this analysis?
Short
by AlselvSignals
10
GBPUSD regained the recent increaseDear friends. At the end of this week's trading session, the GBPUSD market has not experienced any significant breakthroughs and is currently consolidating around the 1.216 level, remaining relatively stable. However, this currency pair is facing pressure from a 0.9% decrease in retail sales in the UK compared to the previous month in September, as opposed to the expected -0.1%. From the 1-hour chart, it can be seen that this currency pair is facing resistance at the 1.217 level, indicating a potential rejection. The price target for this rejection is determined around the 1.212 level and further down to 1.211. Finding this support level could serve as a short-term bullish catalyst for this currency pair in the near future. What about you? Do you agree with this viewpoint?
Short
by AlselvSignals
2
BTCUSD in today's sessionDear friends, BTC continues to rise as predicted, with the candle's wick reaching the $30,000 mark. However, it has encountered difficulties in maintaining its upward momentum. Currently, it is trading around $29,740. On the other hand, the breakout from the upward channel and the strong increase lead me to believe that BTC will experience a slight correction before forming a DOW pattern and continuing its trend. I expect a rise to reach $30,400. What are your thoughts on BTC's future?
by AlselvSignals
Gold adjusted around 2000 USD?It's not surprising to see Gold inching closer to the $2000 mark as tensions escalate in the Middle East. Apart from political instability, gold is also supported by concerns of another interest rate hike by the Fed in 2023. Thus, we have witnessed a strong recovery in the price of gold. The 30-minute timeframe shows that gold is trading relatively calmly while facing resistance at $1985. However, the possibility of a price increase is still being steadily reinforced. It is expected that gold will test the $1971 level in the next trading session. The price target continues to revolve around the $2005 mark, which is currently being emphasized.
OANDA:XAUUSD
by AlselvSignals
Trading JPY USD is quiet but the price increases steadilyHello traders! It seems that USD JPY is still struggling to overcome a strong resistance zone around 150.000. Looking at the 1-hour chart, we can see that UJ has not been able to surpass the 150.00 level. However, there have been consistent upward movements with continuous price increases and a narrowing range. Any breakout from this range could potentially create an opportunity for further price appreciation in this currency pair, pushing it towards new highs.
Long
by Nolan_Signal
3
Update USDJPY on the last day of the transactionHello traders! Yesterday, there was a moment when USDJPY almost reached the 150.000 level, but luck has yet to smile upon this currency pair. Nevertheless, we can see that despite not being able to achieve the 150.000 target this week, UJ has maintained a good price increase and stable trading at high levels. At the time of writing, USDJPY is operating at 149.868 and has increased by 0.06% for the day. Nolan still believes that the 150.000 target is the perfect goal for UJ at this time. Expanding the upward movement beyond that level would not be an impossible task.
Long
by Nolan_Signal
1
EURUSD: The trend of increasing continuesHello traders, Currently, on our chart today, the uptrend that started last week is still being executed steadily. The price is trading within the range of the EMA and there are no signs indicating a breakout from the trend. It is expected that the price will continue to maintain the upward trend, with trading ranging from 1.055 (lower limit of the price uptrend channel) to 1.062 (upper limit of the price uptrend channel). As long as there is no breakout from the current trend, the upward momentum will remain stable.
Long
by Nolan_Signal
Gold access $ 2000 area.Hello traders! After receiving important information from the speech of the Fed yesterday, the Gold had a new breakthrough to the highest level in the last 2 weeks at the threshold of 1979 - 1980 USD. Currently, the price is gradually reaching the peak of $ 2000 with good support from the Breakout area of 1945 USD. My goal is to establish a Sell position in $ 2000 then the official increase trend is strongly set. What do you think about this goal? Leave your opinion!
OANDA:XAUUSD
by Nolan_Signal
Gold price today: breakthrough price increaseHello traders! Yesterday, gold received important information from the speech of the Fed chairman, and it reacted strongly as the price continued to rise and is currently trading at $1886, an increase of about $13 in a day, reaching the previously set target of $1970. The recovery of the precious metal is supported by the decline of the US dollar (USD) after cautious comments from Fed Powell, and gold has become a safe haven for investors as tensions in the Middle East continue to escalate. From the analysis chart: The downward trend line has been completely broken, establishing a new upward trend. Currently, gold is operating at a strong resistance level of $1980. If it can surpass this resistance level, there is a possibility of further price increases.
OANDA:XAUUSD
by Nolan_Signal