US30 Is Going Down! Short!
Take a look at our analysis for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 43,873.82.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 42,150.13 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Signals
GOLD Will Fall! Sell!
Please, check our technical outlook for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2,699.516.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,653.450 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDCHF Will Go Lower From Resistance! Short!
Here is our detailed technical review for USDCHF.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.890.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.881 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZDJPY Will Go Up From Support! Buy!
Take a look at our analysis for NZDJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 90.196.
The above observations make me that the market will inevitably achieve 90.681 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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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.
XAU/USD : Time For Some Correction ? (READ THE CAPTION)By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price continues to rise due to escalating tensions between Russia and Ukraine, as well as Hezbollah and Israel. The price has been extending its rally since yesterday and is currently trading around $2665. In my opinion, after such a significant rally, we can start expecting a minor correction in the price.
Be cautious, as gold's movements have been extremely volatile and risky these days. If you lack sufficient experience, you might end up losing your capital. Reduce your risk to a minimum, avoid trading through Market Execution, and preferably identify key levels in advance. Enter trades only when the price reaches those levels and triggers a suitable setup.
The key supply levels are $2670-$2673, $2682-$2699, $2704-$2711, and the key demand levels are $2654, $2642, $2636, $2616, $2610, $2567. (This analysis will be updated.)
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XAGUSD Bearish as long as it trades below the 1D MA50.Silver (XAGUSD) is on a strong correction since the October 23 2024 High, which was a Higher High on the 2-year Channel Up. This is technically the new Bearish Leg. The previous one (started on the May 05 2023 High), initially targeted the 1D MA200 (orange trend-line) and the 0.382 Fibonacci retracement level.
That was of course after a first Lower Low rebound to the 1D MA50 (blue trend-line) where it was rejected (June 09 2023). It appears that technically the price is on a similar situation, so as long as the 1D MA50 closes candles below it, the short-term trend is bearish. Our Target is 29.500 (just above the 0.382 Fib upon expected contact with the 1D MA200).
Notice also that the 1W MACD is past a new Bearish Cross, a pattern similar to the May 24 2023 Bearish Cross, which confirms the Bearish Leg.
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Alikze »»XRP | Wave 3 bullish supercycle scenarioIn the weekly time, a complex behavior and movements are forming in the ascending phase, which, according to the overall structure, is in the form of an ascent from the beginning of the movement. According to the bottom of the 0.10 range, a 5-wave structural correction has been formed and the upward movement has also gone through a complex cycle and completed this correction in the form of a three-wave at the 0.38 fibo of the previous wave. Therefore, according to the movement behavior in the form of a super cycle, it should be in the 3rd wave of its super cycle. The invalidity limit of the analysis is 0.2867, which can lead to correction of this movement structure up to 0.23 Fibo. Therefore, according to the current structure, which is a complex upward movement in the form of 3 waves, and sharpie movements can be seen from it, it will have the ability to grow up to the specified areas and even higher goals up to the limits of 13-18 and 34 dollars. which should be reviewed and updated step by step.
But in the lower time, it will have the ability to grow up to the supply area and then up to the previous major ceiling.
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WALMART on top of 10-year Channel. Correction or break-out?Walmart (WMT) has been trading within a 10-year Channel Up pattern since the January 12 2015 High. The price has finally reached the top (Higher Highs trend-line) of this decade-long bullish pattern and that is easily identifiable by the 1W RSI sequence.
The rally that started on the May 16 2022 bottom is very similar to the one that started on the October 26 2015 bottom. The two fractals initially started rebounding and on the first 0.5 Fibonacci test, they held it and entered a more aggressive rally, supported by the 1W MA50 (blue trend-line).
The past one peaked just above the 2.5 Fibonacci extension (January 29 2018). The current week has put us above the 2.5 Fib ext and right at the top of the Channel Up. If it replicates the Jan - May 2018 correction, it could test $66.50. If it closes above the Channel Up though, a new bullish pattern will emerge and we will re-evaluate with the price action we get at that time. However it is easily understandable that having an SL at the top is worth taking the short's risk as the potential reward is much greater than the risk. And if it fails the loss is minimal and we can still follow the bullish trend with a break-out buy.
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Lingrid | GOLD Bearish OPPORTUNITY from CONFLUENCE zoneOANDA:XAUUSD has moved higher, breaking and closing above the 2650 resistance zone. The market is now approaching the previous week’s high at 2686 and the psychological level at 2700. Additionally, there is a global upward trendline above that has held the price since the summer. What I see is a potential break and retest scenario. At this level, I anticipate some selling pressure, which may cause the price to bounce off these resistance levels, potentially forcing it to move sideways. I expect the market to grab liquidity above the previous week’s high before rolling back down. My goal is support zone around 2635.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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.
FETUSD Buy it while it is still cheap.Artificial Superintelligence Alliance (FETUSD), commonly known as Fetch.ai, has been trading within a 4.5-year Channel Up since the March 2020 market bottom and following the 2022 Inflation Crisis that bottomed on the week of November 21 2022, it has entered a new Channel Up.
That is technically the new Bullish Leg of the 4.5 year Channel Up, which is the new Bull Cycle. Naturally, it shares many common characteristics with the previous Bullish Leg/ Cycle. The symmetry between its Legs (blue Arcs) is strong and so is their tendency to reach the 0.5 Fibonacci retracement level upon pull-backs and then rebound.
It appears that right now we are at the final stage of the Channel Up, where after finding Support on the 0.5 Fib and more importantly holding the 1W MA100 (green trend-line) on the August 05 Low, it is aiming for the last rebound.
Based on the % rise of the previous Bullish Legs, this should be on a +1050% minimum, so our Target is $8.000.
It is interesting also to notice the MACD squeeze, after the last 2 Bullish Crosses, which is a clear bottom sign.
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Lingrid | NZDUSD Fake BREAKOUT of the SUPPORT zoneThe price perfectly fulfilled my last idea. It reached the target. FX:NZDUSD recently experienced a false breakout of the previous support level. On the daily timeframe, the market has reached a demand area, suggesting that we could see a pullback from this level. On the 4H timeframe, the formation of bullish divergence at the support level indicates a potential for retracement. This technical setup supports the idea that the price may move higher and retest the resistance zone that has been tested multiple times in the past. My goal is resistance zone around 0.58835
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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?
Lingrid | TONUSDT pullback TRADE opportunityThe price perfectly fulfilled my last idea. It reached the TP. OKX:TONUSDT pulled back from the resistance zone and is currently moving sideways after retesting the psychological level at 6.00. The price action is contained within the range established last week. If it breaks through this range, there is a chance that the price could move to higher levels. I expect the price to retest the support level and the channel border, which could set the stage for a bullish move. Overall, if the support holds, it may provide a good opportunity for a potential upward breakout. My target is resistance zone at 5.950
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The geopolitical situation is hotter in many placesIn early trading on Asian markets on Thursday (November 21), OANDA:XAUUSD Spot delivery suddenly increased rapidly in the short term and gold prices are currently approaching the 2,660 USD/ounce mark, threatening the trend from the price channel.
Growing concerns about the Russia-Ukraine conflict, along with growing uncertainty in global markets, have supported gold's strong recovery this week.
On Wednesday, as tensions between Russia and Ukraine escalated, leading to increased geopolitical unrest, investors sought the safety of gold, seen as a hedge against the risks of conflict instability.
In response to Ukraine's first long-range missile attack on Russian territory, Russian President Vladimir Putin revised the nuclear weapons guidelines to lower the threshold for nuclear retaliation in response to an attack. series of conventional attacks, leading to increased geopolitical tensions.
In addition to the situation between Russia and Ukraine, the tense situation in the Middle East is also a factor supporting gold prices.
According to the official website of the United Nations and CNN, on November 20 local time, the United Nations Security Council voted on a ceasefire resolution in Gaza proposed by 10 non-permanent members.
The resolution was not passed due to the United States' veto. The remaining 14 countries in the Security Council voted in favor.
The resolution "demands that all parties immediately, unconditionally and permanently cease fire and reiterates their demand for the immediate and unconditional release of all detainees."
In addition, the resolution further emphasizes the role of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) as the backbone of humanitarian relief operations in Gaza.
Additional information, on November 20 local time, the Israeli army attacked a house in the Sheikh Radwan neighborhood, north of Gaza City, killing 66 people and injuring dozens of others.
Analysis of technical prospects for OANDA:XAUUSD
Gold is currently operating in a very important position for an uptrend from the price channel with price activity attempting to move above the upper edge of the price channel.
On the other hand, the Relative Strength Index is also sitting right in the middle of the 50 level, if it breaks above this level it will be a bullish signal.
Looking ahead, technically gold is still below resistance levels, from the price channel to EMA21 and the Relative Strength Index. So, it is not yet eligible for a bullish cycle. As long as gold remains below EMA21, it is not yet technically in a bullish position.
During the day, with the current operating position, gold is still in an upward trend and notable points will be listed as follows.
Support: 2,640USD
Resistance: 2,668 – 2,684USD
SELL XAUUSD PRICE 2676 - 2674⚡️
↠↠ Stoploss 2680
→Take Profit 1 2669
↨
→Take Profit 2 2664
BUY XAUUSD PRICE 2599 - 2601⚡️
↠↠ Stoploss 2595
→Take Profit 1 2606
↨
→Take Profit 2 2611
Lingrid | GBPAUD Potential Channel BREAKOUT. ShortFX:GBPAUD is making lower lows and lower closes, indicating bearish pressure. The market is currently testing the previous daily low, and if it closes below this level, I believe it will continue to decline toward the channel's lower boundary. Yesterday’s candle featured a long-tailed bar, suggesting that the price may retest the round number at 1.93000. Given the gained bearish momentum, I expect the price action to break through the channel and move lower. My goal is support level at 1.93100
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GOLD is headed for a 5th day of increaseOANDA:XAUUSD rose for a fourth straight day and is headed for a fifth day of gains on Friday (November 22) as safe-haven demand picks up while traders assess the prospect of further policy easing by the Federal Reserve. Federal Reserve and increasingly escalating geopolitical risks.
Gold prices recovered above $2,680 and were on track for their best weekly performance since April as the war between Russia and Ukraine escalated.
Ukraine says Russia has launched a "new" ballistic missile toward the city of Dnipro, sending a worrying signal to Western supporters of Kiev. Escalating geopolitical tensions often push investors toward safe-haven assets like gold.
When the United States vetoed the United Nations ceasefire resolution in Gaza, relations between Russia and Ukraine became tense again, ensuring gold's long-term appeal.
Investors have flocked to safe-haven assets during the global crisis and gold prices have hit multiple record highs since conflict in the Middle East erupted last October.
Since the beginning of this year, gold prices have risen nearly 30%, supported by solid central bank gold purchases, growing safe-haven demand and a cycle of interest rate cuts by the Reserve Federal.
Although the recovery of the US Dollar put pressure on gold prices, safe-haven demand helped gold prices offset this pressure. A stronger US Dollar often makes goods priced in Dollars more expensive and less attractive.
Spot gold prices rose 4% this week, their best gain since April, recovering from their biggest weekly drop in more than three years last week. Gold's decline was fueled by a rise in the US Dollar fueled by Trump's victory in the race for the White House.
Investors are also focusing on several Fed officials expected to speak this week. Market expectations for a December rate cut have weakened significantly, with the probability now at 59.4%, much lower than 82.5% a week ago.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold broke out of the downtrend from the price channel and initially achieved the conditions for a new bullish cycle to be formed with a move above the EMA21 level.
In addition, the Relative Strength Index is also pointing up to surpass 50, which is considered a signal for price increases in the near future.
In the immediate future, gold will need to test and surpass the original price level of 2,700 USD. Normally, the original price levels are considered resistance or support depending on price position conditions. If gold surpasses 2,700 USD and maintains stability above the 0.382% Fibonacci retracement level, it will be able to continue to increase by more than 30 Dollars to reach the 0.236% Fibonacci level.
Currently, gold has the conditions for a bullish cycle, so technically, combined with the escalating geopolitical risk of market shock, the trend of gold is leaning more towards the possibility of price increases.
Notable technical points will be listed as follows.
Support: 2,684 - 2,668USD
Resistance: 2,697 - 2,700 - 2,732USD
SELL XAUUSD PRICE 2711 - 2709⚡️
↠↠ Stoploss 2715
→Take Profit 1 2704
↨
→Take Profit 2 2699
BUY XAUUSD PRICE 2639 - 2641⚡️
↠↠ Stoploss 2635
→Take Profit 1 2646
↨
→Take Profit 2 2651
GBPUSD: Classic Breakout Trade 🇬🇧🇺🇸
GBPUSD broke and closed below a key daily horizontal support.
After a breakout, the price retested the broken structure
and started to consolidate on that, forming a range.
Bearish breakout of the range is a strong intraday bearish confirmation.
It increases the probabilities that the breakout is valid.
We can expect a fall at least to 1.254
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World gold prices rebounded strongly as tensions escalatedGold prices increased due to bottom-fishing demand skyrocketing in the context of increasing Russia-Ukraine tensions. President-elect Donald Trump is unlikely to end the Ukraine conflict soon after coming to power on January 20.
Currently, investors' attention is also focused on some officials of the US Federal Reserve (FED), who are expected to give speeches this week. Market expectations for a December rate cut have dropped significantly, with odds now at 55.7%, down from 82.5% just a week ago.
Ms. Lisa Cook - member of the FED Board of Governors said that the country's inflation continues to decline, with wages and the job market "cooling down", rising prices mainly in the housing sector. With this trend, the FED's continued interest rate cuts are considered still appropriate. However, she did not confirm the possibility that the FED will cut interest rates at its next meeting in December.
Goldman Sachs - one of the world's leading investment banks, has just raised its gold price forecast to 2,900 USD/ounce, about 89.2 million VND/tael in early 2025, an increase of 200 USD compared to the previous forecast. there.
🔥 XAUUSD SELL 2698 - 2700🔥
💵 TP1: 2685
💵 TP2: 2675
💵 TP3: OPEN
🚫 SL: 2708
🔥 XAUUSD BUY 2673 - 2675🔥
💵 TP1: 2685
💵 TP2: 2695
💵 TP3: OPEN
🚫 SL: 2668
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.
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 ...