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EURUSD -> Opportunity for Bears to Fill the GapHello dear friends, Ben here! Overall, after an impressive increase in the beginning of the day, EUR/USD expanded a gap. Theoretically, this usually usually signals a complete inspection of this liquidity area. Meanwhile, the US dollar index (DXY), monitoring the performance of the US dollar compared to the six main currencies, has dropped to about 107.00 after reaching the highest level in two years as 108.07 in Friday. However, the risk of discount on USD is still limited, as recent economic data has consolidated the expectation that the Federal Reserve (Fed) can slow down the rate of interest cuts, so drought drought Made any increase in EURUSD.
Short
by Bentradegold
2
Gold : enters accumulation reaction phase before strong increasAfter a period of accumulation, the gold price has escaped the prolonged bearish phase and is moving in a clear upward price channel. In particular, the market is recording strong buying interest in the short-term support zone of $2,650 - $2,675. This is the "key" area to push the price closer to important resistance levels. If the $2,721 threshold is successfully broken, the gold price is likely to quickly extend its upward momentum to the $2,772 area - an important liquidity level, and also a confirmation signal for the long-term uptrend.
OANDA:XAUUSDLong
by TomtradeFX
EURUSD ---> Correction is getting stronger. Next is 1.040CAPITALCOM:EURUSD testing a key support level after a free fall. Short sellers continue to resist, relying on key fundamental aspects of the global economy. The US Dollar strengthened following the release of last week’s Initial Jobless Claims data. Specifically: US Initial Jobless Claims fell to 213,000 for the week ending November 15th, down from 219,000 (revised from 217,000) in the previous week and below the forecast of 220,000. This development has sparked speculation that the Federal Reserve's pace of rate cuts may slow down. Attention now shifts to the Manufacturing and Services PMI from the Eurozone, Germany, and the United States... Technically, EURUSD confirms the descending trend channel, providing us with a primary trend to monitor in our trading decisions. From a technical perspective, gold is attempting to break out of its main range, breaching a key support level. If there is a false breakout around the 1.047 level, a minor correction toward resistance may form. However, with the price testing strong support, we may see a false breakout and a corrective move to the areas to watch at 1.048-1.049 (0.618 fib line) before the downtrend continues.
Short
by Bentradegold
ETHUSDTBINANCE:ETHUSDT After making a strong rebound from the well-tested support zone around $3,000, Ethereum has demonstrated impressive resilience, steadily climbing through key resistance levels. It is now trading around $3,372, with the focus on a critical trigger point near $3,445.63, which could pave the way for a significant rally. Personal Insight: Since the price is reacting around a strong resistance level, there is a high probability of a pullback to attract liquidity from buyers before the price is expected to continue its upward movement.
Long
by JerrytradingCR
Gold: Structure change ... The focus is the speech of the FedHello, dear friends, Ben here Gold prices are surging strongly after breaking through the resistance channel at 2650, as investors turn to this safe haven amid heightened geopolitical uncertainty due to escalating Russia-Ukraine tensions. It’s evident that geopolitical tensions have heightened interest in safe havens, including the yellow metal. However, this inverse correlation has resurfaced in recent weeks, and the strength of the dollar is likely to hinder gold's momentum moving forward. All eyes are on several Fed officials scheduled to deliver speeches this week. Market expectations for a December rate cut have dropped significantly, with current odds at 55.7%, down from 82.5% just a week ago. From a technical perspective, gold has confirmed a trend and shifted sentiment, giving us a major movement to follow in shaping our trading decisions. A false breakout around the local resistance level at 2643 is forming. Price consolidation above this area could trigger further bullish momentum. However, I haven’t ruled out the possibility of a fake move around 2622 to accumulate before a stronger rally. What are your thoughts on this?
OANDA:XAUUSDLong
by Bentradegold
1
Gold: Uptrend to continue from 2650...Hello everyone, Tom here! As I predicted earlier, gold is becoming more attractive after the dollar entered a consolidation phase... currently at $2657. Accordingly, expectations of additional stimulus measures from China also supported the growth of the metal's price. The focus this week remains on the Fed's speech after signals that tensions in the Middle East are easing a bit. From a technical perspective, gold investors need to watch the range around $2650. Because Since the opening of the session, the price has increased quite strongly, which increases the resistance to stop this increase at the next resistance level. I am assuming its formation With wave 5 and the priority is to target profit taking at 2685 - 2700 respectively.
OANDA:XAUUSDLong
by TomtradeFX
2
GBPUSD: Sell Positive. Emphasis on 1,262FX:GBPUSD falling and reaction to the "flag" model. The price is checking the strong support level around 1,262 ... The basic context still supports the dollar. Theoretically, the currency briefcase after breaking the channel increases, the price has formed a adjustment and now is decreasing. The areas of interest in our case may be 1,260, 1,257, 1,252. Basically, the trend of this pair of money may be due to the weaker US dollar and the market environment is psychologically avoiding risks. Traders are still cautious in the context of geopolitical tensions and mild economic calendar. Fedpeak is noticed. There is no news until the Fed speaks, so the basic context remains the same. The market may stop and go into the consolidation process, but with the high possibility that the decline after a breakthrough 1,262 will continue ...
Short
by Bentradegold
1
EURUSD : Realization continues, risks increase!Dear traders, EURUSD is currently in a bearish "flag" phase this Friday morning in Europe, influenced by risk-off flows stemming from escalating geopolitical tensions between Russia and Ukraine and concerns over potential U.S. tariffs on the EU... Now, there is nothing stopping it from further distribution. Key news is on the horizon that traders should approach with caution. A Fed rate cut. And the question is no longer "when" but "how much" the Fed will cut amid persistently high inflation over the past few months. From a technical perspective, the focus is on resistance levels at 1.055 and 1.054, which is the (fib 0.618). A gradual retracement and retest will increase the chances of a breakout. Now, selling pressure on this currency pair is intensifying, prices are entering a risk zone, and buyers are becoming increasingly cautious. We are monitoring the next key downside targets at 1.047-1.044...
Short
by Bentradegold
Gold --> Bear Market Heating Up? Resistance AheadOANDA:XAUUSD rising after a false breakout of 2547. Fundamentally, the situation is quite complicated as well as technically... The metal price is positively affected by the escalating Russia-Ukraine war, making gold more attractive to investors as a safe-haven asset. In addition, the appeal of gold is reinforced by geopolitical tensions, economic risks and a low interest rate environment. Fed officials are expected to speak this week, thereby providing more details on the US interest rate cut roadmap. Currently, according to traders' predictions, there is a 62% chance that the Fed will cut interest rates by 25 basis points in December... Theoretically, it is still unclear whether gold can maintain its bullish momentum as prices are approaching strong resistance and traders are cautious as they wait for new signals on the Fed's interest rate outlook. Technically, gold is in the range of 2643 - 2626. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. The situation is complicated by the mixed fundamental backdrop. A false break of 2647 and consolidation below this area will strengthen the selling pressure. But there is a possibility of a retest of 2686 (order block area) before the decline continues. The expected decline will reach the levels of 2547 - 2471 respectively. Rate, share your opinion and questions, let's discuss what's going on with.
OANDA:XAUUSDShort
by Bentradegold
5
EURUSD: Consolidation “flag”. Willingness to go belowBen, hello everyone! CAPITALCOM:EURUSD is consolidating in the form of a "flag", the purpose is to accumulate before continuing the trend... The fundamental context remains negative. On D1, when looking closely at the 4-hour chart, it is clear that the price is maintaining a decline below 1.0600. There is no reaction to push the price higher. Therefore, in the short term, the momentum and strength of buyers are not expected to be enough to reverse the local situation. Looking ahead, as long as the dollar continues to consolidate, the euro will theoretically be hit hard... In particular, the focus is on the consolidating "flag". Breaking this channel, the downtrend will continue. Ben personally appreciates trading in the direction of the current trend, if there is a clear move, that is, expecting the price to break out and consolidate below the 1.052 area, aiming for a lower target in the short term. The focus is still on the 1.060 level and around the resistance at 1.065.
Short
by Bentradegold
Gold-> Buyer Back Yet?Dear Traders, Ben here! After suffering significant losses last week, gold has regained its recovery momentum and is trading positively above $2,600 on Monday. The fundamental backdrop supports this recovery. Key resistance levels at $2,518 and $2,628 now divide the market into two distinct zones. Meanwhile, market participants are awaiting moves from several Fed officials this week to gain further insights into the U.S. interest rate trajectory. The most likely scenario at the moment is a slight recovery in gold prices following the recent steep sell-off, with expectations for gold to climb higher after several reversals in the USD. In the medium term, bulls need to reassess U.S. policy planning in December, as the Fed is expected to hold rates steady in January. This has not been fully priced into the market, so any adjustments could pose challenges for gold. Technically, since the market opened, prices have climbed considerably, increasing the likelihood of resistance capping further upward movement. A false breakout at $2,589 and subsequent consolidation below this zone would strengthen selling pressure. However, there is potential for a retest of $2,618 (Order Block). Similarly, a failed breakout could trigger selling momentum. But if the fundamentals align strongly in favor of gold, the market may have a chance to shift the local trend from the $2,618 zone.
OANDA:XAUUSDShort
by Bentradegold
Gold -> How Long Will the Adjustment Last? Emphasis on $2,600Hello, dear friends, Ben here! Gold (XAU/USD) extended its recovery early Monday, testing the $2,600 level and ending a six-day losing streak after a false breakout and a retest of $2,546. The latest surge in gold prices may be tied to escalating geopolitical tensions between Russia and Ukraine, following the U.S. authorization for Ukraine to use long-range weapons to strike Russian territory. However, the latest Kitco News Weekly Gold Survey reflects a bearish market sentiment. Specifically, the continued rise in the USD and bond yields is exerting downward pressure on gold prices. Additionally, the Federal Reserve (Fed) has adopted a more hawkish stance, posing further challenges for the precious metal. Looking ahead, with gold prices still at low levels, central banks may return as buyers in the market. However, Europe's ongoing economic struggles are pressuring the euro, prompting increased USD purchases to counter depreciation. As a result, gold prices may trade sideways or see additional declines unless a major geopolitical event emerges. This week, the gold market is expected to remain subdued due to the lack of major economic data releases. Key focus areas include U.S. housing starts and building permits, home sales, and the University of Michigan Consumer Sentiment Survey. Additionally, market participants are awaiting comments from several Fed officials to assess the pace and scale of upcoming interest rate cuts. From a technical standpoint, gold is thoroughly testing the resistance zone around $2,600–$2,589, attempting to offset market losses. Theoretically, a false breakout and consolidation below this zone could lead to further declines. Currently, I do not rule out the possibility of liquidity testing above this resistance zone ahead of significant news events. A false breakout could trigger selling activity, further reinforcing bearish momentum. However, if prices rebound near the $2,600 resistance and begin a smooth decline towards $2,546, it would generally increase the likelihood of a breakdown and continuation of the downtrend.
OANDA:XAUUSDShort
by Bentradegold
BITCOIN-->Implementation and distribution phase. Target 100,000BINANCE:BTCUSDT is consolidating after a strong rally. In the context of a more likely rally. The target around 95,000 - 100,000 is getting closer and more realistic. What is the reason? The fundamental backdrop is strong because of the Trump presidential election, which is generally favorable for bitcoin and other crypto flows. Can this rally be even bigger? Yes! And there are bullish premises for it: BTCUSDT has broken out of the accumulation (triangle) but faces a strong resistance zone. The coin continues to accumulate potential, but there are signs of a resistance breakout. Technically, the picture on the chart is shaping up to be extremely bullish: no extension of the lows, strong consolidation and strong support levels. I do not rule out the possibility of a retest of the support level and the formation of a false breakdown before further growth. But in any case, a break above the major resistance zone at 91,650 could trigger a bullish run.
Long
by JerrytradingCR
2
GOLD → Correction is getting stronger. Next is 2500Hello, dear traders, Ben here! Spot gold is consolidating around the $2,600 mark on Wednesday after extending its recent slide to $2,589 per troy ounce, marking the lowest point since September Meanwhile, sellers have decided to take a pause ahead of the key U.S. CPI report, which could significantly impact Fed rate-cut expectations and provide fresh momentum. In theory, any effort to drive gold prices higher might be constrained due to the poor performance of stocks, which continues to boost demand for the U.S. dollar. Most Asian and European indices closed in the red, while Wall Street pared its latest gains, with all three major indices down, albeit with limited declines. Looking ahead, October’s Consumer Price Index (CPI) is expected to come in at 0.2% month-over-month and 2.6% year-over-year, the latter being slightly higher than the previous 2.4%. However, the annual core CPI is anticipated to remain stable at 3.3%. Additionally, market participants are speculating on what a potential Trump return to the White House might mean for the U.S. and the rest of the world. From a technical perspective, gold is attempting to break out of a primary range, breaching the key support. If there’s a false break around the 2,610 level, a minor correction toward resistance may form. However, with prices testing a strong support level, we may see a false breakout and a corrective movement to the 2,626-2,636 area (0.618 fib line) before resuming the downtrend.
OANDA:XAUUSDShort
by Bentradegold
7
Ethusdt plunged in the channel, the target to 3,125 USDTEthereum (ETH) is currently showing a significant decrease in a 1 -hour time frame, moving in a discount channel. With the current price of nearly 3,214 USDT, ETH seems to be having difficulty overcoming resistance around this area. If ETH cannot break the resistance threshold of 3,218 USDT, the downtrend may continue and push prices to lower support levels, namely $ 3,125. Investors should closely monitor ETH's developments in the near future, especially when the price reaches the resistance of the channel. If this trend continues, ETH can decrease further, bringing short -term sales opportunities to short -term trading people.
Short
by UnknownUnicorn86525521
ETHUSDT: Buyers Reject 3450. Will Price Continue to Fall?ETHUSDT continues to be under bearish pressure from the 3445 formation. Panic? Profit-taking? Are buyers turning around? Ethereum’s recent price pressure could be due to general market sentiment, possibly due to concerns over regulatory announcements or macroeconomic data impacting risk assets. Theoretically, if the strength of the US dollar continues and the general market uncertainty persists, this could add further bearish pressure to Ethereum. Technically, it is worth noting the support zones mentioned. The 3130 level will hold for the long term as it is a very strong zone, but based on the setup and pattern, there is a high probability of seeing a breakout and decline. The 2775 - 2770 is an ideal zone to test as it is a strong intermediate bottom where price has responded to previous downside. Let me know what you think about this setup or if you have specific questions about this analysis!
Short
by UnknownUnicorn86525521
EURUSD: False Resistance Break Could Add to DeclineAs expected, EURUSD continues to hit new lows, currently hovering around the 1.062 level. The Euro's retreat has largely been driven by a sharp rally in the U.S. dollar (USD), pushing the U.S. Dollar Index (DXY) above 106.00, marking multi-month highs. This surge is fueled by market optimism surrounding the so-called “Trump trade,” with investors betting on potential policies under the upcoming Trump administration. On higher timeframes, EURUSD is testing a solid support level, which might trigger a corrective move. However, on the 4-hour timeframe, we can clearly observe a downtrend, with the 34 and 89 EMA acting as resistance and continuing to weaken the buying side. Therefore, any strong resistance level is likely to maintain control over the market. Currently, we are watching for a potential false breakout of the trend resistance, with the aim of consolidation. This consolidation is generally forming within a channel, and if sellers maintain control around the 1.605 - 1.068 area, which aligns with the 0.618 Fibonacci level, we should expect a decline toward key areas of interest in the medium term.
Short
by Bentradegold
BTCUSDT: Coin Just One Step Away From Rising !BTCUSDT Accelerates and Updates New Highs Around 90,000. Crypto Market Potential Begins to Unfold Amid Trump Win Excitement While Bitcoin is hitting an all-time high, one of the most important factors is inflation data from the United States, especially the CPI (Consumer Price Index) report, which is likely to directly influence the interest rate expectations of the US Federal Reserve (Fed). If the CPI is higher than expected, the Fed may continue to maintain or raise interest rates, which could boost the value of the USD and put downward pressure on risk assets like Bitcoin. Theoretically, if inflation declines and expectations of a Fed rate cut increase, this could create positive momentum for Bitcoin and other risk assets. However, BTCUSDT is at a key level with upside potential. Technically, the support zone around 76,000 and the liquidity zone just above are areas to watch closely. To confirm the uptrend, investors should wait for confirmation signs at these zones, such as positive price action or increased trading volume. If these conditions are met, a break of the 90,000 resistance zone is within reach, which could trigger a rally to new highs.
Long
by UnknownUnicorn86525521
What opportunities for BTC when Bitcoin is nearly 100,000 USD?Currently, I'm observing Bitcoin fluctuating around 87,690.84 USD, and I have to say, this has been a pretty impressive price surge recently. There are several factors driving this uptrend. First, interest from large institutions and investment funds is growing stronger, which could be a primary catalyst for BTC's price increase. Additionally, macroeconomic factors like stable interest rates and new capital inflows into the cryptocurrency market are helping BTC maintain its appeal among investors. Moreover, with the rapid development of financial and investment companies in the cryptocurrency sector, coupled with the potential approval of a Bitcoin ETF in the U.S., the market is anticipating a new wave of price increases. From a technical perspective, BTCUSDT is maintaining a strong uptrend, with the price still above the EMA 34 and EMA 89. This is a clear sign that the bullish momentum remains strong. The current chart also indicates an Elliott wave pattern, with BTC breaking through a series of recent resistance levels and heading toward Fibonacci extension levels. The short-term target I’m watching is the resistance level at 104,119.28 USD (corresponding to the Fibonacci 1.618 level), which serves as the first price target (TP1). If BTC can break through this level, the next target I'm aiming for is 153,100.86 USD (TP2, corresponding to the Fibonacci 2.618 level). With positive signals from both the technical chart and supporting news, I believe BTC has the potential to reach higher levels in the near future.
Long
by UnknownUnicorn86525521
2
ETHUSDT Maintains Uptrend – Next Target $5,000?Currently, ETHUSDT is in a steady uptrend within an upward price channel, defined by two upper and lower trendlines. This price channel shows sustainable growth and creates trend-following trading opportunities. The main support zone is located in the green area (from around $2,400 to $2,800). This is a strong support zone that has been tested many times, providing a solid foundation for Ethereum's uptrend. The EMA 34 (purple) and EMA 89 (orange) are below the current price, which is a signal that the bullish momentum is still dominant. As the price continues to stay above these EMAs, the uptrend will be further strengthened. If ETH can maintain the uptrend and break out of the support zone, the next price targets will be higher levels within the price channel. The chart shows a potential rise to the $5,000 region and a possible test of the upper resistance of the long-term price channel if the uptrend is maintained.
Long
by UnknownUnicorn86525521
XAUUSD: 2600 support level is in focus, will it hold?Hello all dear XAUUSD traders! Gold price today is trading at $2,620/ounce, down sharply by $64 from the previous day's opening price of $2,684/ounce. Gold fell mainly due to the US dollar holding its position at a 4-month high around 105.5 points. In the same view, Daniel Ghali (analyst at TD Securities) agrees that the possibility of high tariffs applied during Donald Trump's presidency and the demand to hold USD are putting pressure on gold prices, as it is also related to the possibility that the US Federal Reserve (FED) may delay cutting interest rates. Technically, the price is reversing and intends to test the liquidity zones at the bottom... Emphasis on dynamic support at 2600. A consolidation before a breakdown is forming. If the price breaks this support level, selling pressure may increase. I do not rule out another attempt to retest resistance, say 2680-2685 before continuing lower following the classic structure as mentioned on the chart. Overall, both fundamentally and technically, the market feels in favor of the bears...
OANDA:XAUUSDShort
by Bentradegold
1