Get started

Longsetup

EUR/USD: Extending the declineHello dear friends. Overall, EURUSD has made a significant recovery from last week with a price increase beyond 1.0800 after data from the US showed that Durable Goods Orders fell 0.8% in September. However, unfortunately, the pair quickly fell back and closed the fourth consecutive week in negative territory, weakening EURUSD significantly. In addition, from the 1-hour chart, the pair has broken the rising trend line and the price wedge has been broken, suggesting that the bears are likely to continue to gain the upper hand without any significant reversal, as shown by the flat 34.89 EMA.
Short
by Bentradegold
Gold Near Key Breakout Level at 2,758Gold is in an exciting phase, maintaining its upward trend above crucial EMA levels, signaling that the long-term momentum remains strong. The resistance level at 2,758.717 is acting as a challenging ‘wall’—can gold break through to initiate a powerful rally? If successful, this could be a golden opportunity for investors to catch the next wave of growth. However, if gold fails to breach this ‘wall’ and reverses, the support level at 2,716.756 and the trendline will serve as a solid ‘fortress,’ where prices may rebound. Don’t miss out—sometimes, a little alertness is all it takes to capture the trend and turn volatility into profit! News update: On October 25, gold saw some profit-taking as both the U.S. presidential election and Middle East tensions provided support for its price.
OANDA:XAUUSDShort
by Zola_Hello
EUR/USD: hits new 16-week lowEUR/USD is trading around 1.078 and the technical picture remains heavily bearish after failing to break above the 1.0800 resistance level. The decline comes as Fibre falls sharply ahead of Thursday’s new round of Purchasing Managers’ Index data. ECB officials have played down economic concerns, reiterating the need for caution when considering future rate cuts. As seen on the 1-hour chart, it can be seen that the price remains below the 34, 89 EMAs and the price wedge has not been broken, suggesting that the downtrend is not over yet. This usually allows sellers to still gain the advantage of a more bearish reversal in the near term, potentially reaching lower levels around 1.0740. Happy trading.
Short
by Bentradegold
1
XAUUSD Adjusts But Maintains UptrendThe XAUUSD chart shows that the price is adjusting after hitting the resistance level of 2,758 USD, but the uptrend remains dominant. The key support zone is around 2,712 USD, where the price has bounced back in previous corrections. The EMA(34) and EMA(89) continue to provide important technical support, with the short-term EMA above the long-term EMA, reinforcing the uptrend. Despite selling pressure, buying interest is still protecting this support level. If this support holds, the price may recover and retest the resistance level. Concerns over the U.S. elections and expectations of rising interest rates supporting the dollar could put pressure on gold.
OANDA:XAUUSDLong
by Zola_Hello
1
EURUSD: to the point of important supportEUR/USD has restored half -hearted on Thursday, restoring four tenths of percent and increasing over 1,0800. Despite the recovery on the weekend, Fiber still dropped sharply compared to the recent high level after a decrease of more than 4% from top to bottom compared to the highest bid at the end of September nearly 1,1200. Technically, the recent decline has followed the principle of DOW theory, showing that after a large decline, the market will often tend to adjust. In this scenario, EURUSD is likely to retreat to Fibonacci levels 0.5 to 0.618, in the range of 1,09307 to 1,09836. This will be an important resistance area, where the price may slow down or have a selling pressure again. What do you think of the recovery momentum at the present time?
Long
by Bentradegold
XAUUSD Adjusts With Key Support at 2,722XAUUSD is currently in a correction phase after reaching a peak of 2,758.007. At present, the price is likely to test the critical support around 2,722, supported by the EMA 34 and EMA 89, indicating that the uptrend could remain intact if the price holds above this level. If the price does not break this support, it is highly likely to rebound towards the resistance at 2,758.007. The RSI, currently at 57.40, suggests the market is in a neutral zone with no signs of being overbought or oversold. In recent news, gold prices dropped over 1% after reaching the peak on October 23rd due to a stronger USD and rising US bond yields, despite safe-haven demand driven by the upcoming US presidential election and the Middle East situation.
OANDA:XAUUSD
by Zola_Hello
XAUUSD: Exiting the uptrend channel !Latest gold price forecast today October 24, 2024: Gold information: World gold prices fell sharply today due to pressure from the increase in the USD and US Treasury bond yields. Specifically, the US Dollar Index increased by 0.3% to nearly a 3-month high, which put pressure on gold prices. US bond yields also increased to a 3-month high, increasing the opportunity cost of holding gold. Although gold prices have decreased, experts are still optimistic because the uncertainties related to the US election along with the increasing debt burden in this country are also making investors worried and looking to gold as a safe haven for cash flow. Conclusion: This has caused gold to continuously conquer records and has increased by more than 31% this year. With this momentum, gold is one of the best investment channels in 2024. Ben's personal comment: On most timeframes, gold price is still well supported, creating a good recovery momentum from the support level of 2408 and now 2723 dollars. The recovery is likely to continue in the coming time with targets of 2733 - 2739 respectively, before any further correction in the main trend. Gold setup: Buy entry: 2721 - 2717 SL: 2713 TP: 2733 - 2739 Sell entry: 2733 - 2735 - 2737 - 2739 SL: 2743 TP: 2714 - 2708
OANDA:XAUUSDShort
by Bentradegold
4
VETUSDT Long Setup Setting / Divergence on the ChartBINANCE:VETUSDT COINBASE:VETUSD 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status🙂 👾Note: The setup is active but expect the uncertain phase as well. ➡️Entry Area: 0.2295-0.2352 ⚡️TP: 0.2360 0.2405 0.2440 0.2481 🔴SL: 0.2203 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
2765 ! Expected next ATH price range⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US bonds saw a sell-off on Monday, which TD Securities analysts attributed partly to increasing odds of a Trump victory in prediction markets. Meanwhile, Fed officials made statements on policy. San Francisco Fed President Mary Daly expressed support for continued rate cuts, while Kansas City Fed President Jeffrey Schmid took a more cautious approach, favoring smaller cuts and describing the labor market as stabilizing rather than weakening. ⭐️Personal comments NOVA: Huge buying force - continues to create new ATH every day. Fomo is close to the US presidential election day. The long-term framework all supports the continued Uptrend ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2765 - $2767 SL $2772 TP1: $2758 TP2: $2750 TP3: $2740 🔥BUY GOLD zone: $2730 - $2728 SL $2723 TP1: $2740 TP2: $2750 TP3: $2760 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
5
Uptrend maintained! XAU! 10/23XAU / USD trend forecast October 23, 2024 Gold prices continued to climb for the fifth time in six days, reaching a record high of $2,748, just below the key $2,750 level. Rising geopolitical tensions and expectations of further rate cuts by the Federal Reserve (Fed) are supporting the metal. As a result, XAU/USD trades around $2,744, up nearly 1%. Despite soaring US Treasury yields, risk aversion keeps gold strong. Since the Fed's 50 basis point rate cut on September 18, the US 10-year Treasury yield has risen to 4.20%, suggesting that traders anticipate a less dovish Fed stance. M45 is forming an uptrend DOW structure - still waiting for higher ATH from gold: 2753 /// SELL XAU : zone 2753-2756 SL: 2761 TP: 50 - 200 - 300 pips (2726) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
7
WE GOT A 5/5 TRADE SETUP ON $SOFI! Cup n Handle about to BUST! NASDAQ:SOFI 🖐️WE GOT A 5/5 TRADE SETUP ON SOFI My trading strategy consists of 5 Indicators: 1.) A clear and clean Charting pattern setup. ✔️ For this chart that is a CUP N HANDLE pattern which is about to breakout. 2.) A Volume Gap to fill and strong buying area. ✔️ Volume gap up to $13. 3.) The MACD up trending. Crossing Zero line = Bullish ✔️ We have crossed the Zero line and up trending beyond it at this time. 4.) RSI rising and making higher lows. ✔️ Up trending and just crossed the Upper RSI band. Higher lows are being made on this chart. 5.) Weekly Stochastic Up Trend. Most bullish once it crosses up through lower band or bearish once it crosses down through upper band. ✔️ Clearly are up trending on this charts stochastic and just crossed upper stoch band. Short🎯 $11.70 Long🎯 $15.83 Bonus: Bullish sentiment behind the name and lots of catalysts. Hope you enjoyed! Like ❤️ Follow 🤳 Share 🔂 Not financial advice.
NASDAQ:SOFILong
by RonnieV29
USD/JPY Strengthens Due to High U.S. Bond YieldsThe technical analysis of USD/JPY on October 23 shows a strong upward trend. Currently, the pair is trading around 152.692 after breaking the 150.489 support level, paving the way for a potential rise to 155. The EMA 34 and 89 lines provide solid support, while the MACD indicator suggests strong upward momentum. A short-term correction may occur before further gains. On the news front, USD/JPY is boosted by high U.S. bond yields and expectations that the Fed will maintain stable rates, while the Bank of Japan continues its loose monetary policy.
by Zola_Hello
Gold prices continue to search for new peaks?Conan, hello everyone! Today, the price of gold continues to break records by maintaining a new peak around $2700, and the growth trend seems to show no signs of slowing down this year. Notably, this week, the European Central Bank held a meeting and officially decided to cut interest rates for the third time this year, with a reduction of 0.25 percentage points. At the same time, gold has attracted more attention from investors after the LBMA poll released earlier this week. These developments have made the gold market hotter than ever. It is expected that this price increase will reach $2760. What are your thoughts on this issue? Do you agree with me?
OANDA:XAUUSD
by ConanTradingFX
EURUSD: Selling strategy is preferred!EUR/USD continued to slide below 1.0800 during the European session on Wednesday. The major currency pair remained under pressure as the outlook for the Euro (EUR) deteriorated due to faster-than-expected inflation declines and rising risks of a Eurozone recession, fueling speculation of more rate cuts by the European Central Bank (ECB). EUR/USD was also pressured by a rally in the USD. The US dollar gained amid political uncertainty ahead of the US presidential election and strong expectations that the Federal Reserve (Fed) policy easing cycle will be more gradual than previously expected. Trend-wise, the bearish bias remains dominant across most timeframes and the short strategy remains the dominant style. Happy trading and good profits!
Short
by Bentradegold
Gold continues to conquer new heightsHello everyone! What is the current price of gold? Let's analyze with Victor! The world gold price today set a new record of 2,747 USD/ounce, up 27 USD compared to the same period yesterday at 2,720 USD/ounce. The world gold price skyrocketed to an all-time high as investors increased their demand for safe capital due to uncertainties surrounding the US presidential election and ongoing military conflicts in the Middle East. In addition, gold is considered a hedge against geopolitical and economic instability and has increased by more than 32% since the beginning of 2024. Lower interest rates also increase the attractiveness of holding gold. As can be seen on the 2-hour chart, gold is showing an extremely positive technical outlook. With moving averages sloping up and technical indicators supporting the bullish trend, gold is ready to conquer new highs. The $2,733 support level acted as a solid cushion in line with the 34 EMA and the rising channel limit, allowing gold to easily clear the $2,747 resistance and move strongly towards the $2,770 target. So, what do you all think about gold prices today? Will the bullish momentum continue?
OANDA:XAUUSDLong
by Bentradegold
Gold prices continue to rise at the end of the week!Hello everyone, what do you think about the gold price? Today, the gold price is on an upward trend, after the buyers previously completed conquering the highs at 2661 -2700 - 2720 respectively, the price has started to increase and is currently trading at a new high of 2721 dollars. This increase is due to the fact that the two largest and second largest economies in the world, the US and China, have both announced negative economic data, which has boosted the demand for gold reserves. In addition to the reason for the poor economic information, investors expect the US Federal Reserve to cut the USD interest rate in early November, the market also expects the upcoming US election in November. As seen on the 4-hour chart, the gold price has been continuously pushed up since the price broke out of the downtrend and in addition, the new peak is still unclear before the weekend close, showing that the upward trend will continue. Using the Fibonacci extension, I expect and forecast that the gold price will likely move in the Elliott wave (1,2,3,4,5) and target higher levels at around 1.618 i.e. (2739) and if 1.272 (2717) holds, the price will increase higher to level 2 (2762) to continue to set as the final target. At this time, the realization phase is forming, Conan is waiting for confirmation with the aim of further strengthening in the coming time. What do you think about this view?
OANDA:XAUUSDLong
by ConanTradingFX
EURUSD: Recovery then decline?Hello dear friends! What do you think if EURUSD continues its downtrend in the future? This will be a long-term analysis for this currency pair. On the chart analysis: Ben sees that a double top pattern has formed (clearly indicated from the chart) which marks a strong fight from the sellers as they try to push the downtrend back. Furthermore, using Fibonacci retracement levels to measure the retracement of the first wave (blue area), the downtrend is expected to continue after reaching the 0.618 retracement level. If the price action of this currency pair plays out according to this trading idea, the 1.0910 and 1.0779 levels will be targeted by the sellers. What about you? How do you feel about the future trend of EURUSD? Share in the comments!
Short
by Bentradegold