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GOLD - Price can exit from wedge and fall to $2625 levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A not long time ago price fell to $2625 level and then bounced up to $2665 level, after which started to decline inside channel. In falling channel, price some time reached $2665 level, but couldn't break it and later Gold fell below $2625 level. Price exited from falling channel and started to grow inside wedge, where it broke $2625 level one more time. Later price made a gap and made correction to support line of wedge, after which bounced up to resistance line. Also, price broke $2665 level, and at the moment it continues to grow near resistance line of wedge. So, I think, Gold can rise a little, exiting from wedge, and then bounce down to $2625 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
1
Fundamental Market Analysis for October 17, 2024 USDJPYThe USD/JPY pair is down to 149.400 despite the US Dollar (USD) strengthening during Asian trading on Thursday. Later on Thursday, US retail sales data will come to the fore, which is estimated to rise to 0.3% in September from 0.1% in the previous reading. The US economic data showed a resilient economy, with inflation rising slightly more than expected in September. This, in turn, could boost the US Dollar against the Japanese Yen (JPY). LSEG calculations put the probability of a 25 basis points (bps) rate cut in November at nearly 100%, while the probability of the Fed pausing and keeping the federal funds rate in the target range of 4.75-5.0% is just 0.2%. Nevertheless, ongoing geopolitical risks and uncertainty surrounding the U.S. election could strengthen safe-haven flows, which would favor the yen. A plan for Israel's response to an Iranian attack this month is ready, CNN reported. U.S. officials expect it to happen before the U.S. presidential election. Prime Minister Benjamin Netanyahu said separately that Israel opposes a “unilateral ceasefire” in the war with Iran-backed Hezbollah in Lebanon. On Friday, investors await national consumer price index (CPI) data for September for a fresh boost. The CPI excluding fresh food is expected to fall to 2.3% in September from 2.8% in August. Trade recommendation: Watching the level of 150.000, when fixing above consider Buy positions, when rebounding consider Sell positions.
by Fresh-Forexcast2004
Sell ETH/USDT Channel BreakoutThe ETH/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2620, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2488 2nd Support – 2410 Stop-Loss: To manage risk, place a stop-loss order above 2700. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
1
HelenP. I Gold will exit from wedge and continue to move upHi folks today I'm prepared for you Gold analytics. In the chart, we can see how the price, some days ago, broke support 1, which coincided with the support zone and dropped to support 2. Also, XAU made two gaps, when it declined, after which it turned around from one more support zone and rose back to support 1. Then price turned around and slowly declined to the support zone (2628 - 2622), and when it reached this area, Gold broke support 2 and fell to the trend line. Later, the price turned around and started to grow near the trend line inside the wedge pattern. In this pattern, the price broke support 2 one more time, made a retest, and rose almost to support 1, making a third gap. After this, XAU made a correction to the trend line and then made an impulse up to the resistance line of the wedge, breaking support 1. At the moment, the price trades near this line, for this case, I expect that XAUUSD will drop to the support zone and then bounce up, exiting from the wedge. Then it can continue to grow as well, that's why I set my goal at 2700 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
2
Euro can little correct and then bounce up to resistance areaHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the resistance line, and fell to the support line, breaking the 1.1135 resistance level, which coincided with the seller zone. After this, the price bounced from the support line and started to grow to this level. When it reached it, EUR some time traded between the 1.1135 level and later finally broke it and reached the resistance line. But then the price turned around and fell to the 1.1135 level, after which tried to grow but failed and continued to decline inside the pennant. Euro first broke the 1.1135 level and dropped to the support line of the pennant, which coincided with the current resistance level and resistance area. Price some time traded inside this area and soon broke the 1.0950 level and fell to the support line of the pennant pattern. Also, the Euro tried to back up, but failed and at the moment it continues to decline near the resistance line of the pennant. In my opinion, the price can decline to the support line and then rebound up to the resistance area, thereby exiting from the pennant and breaking the resistance level. For this reason, my TP (1.0950) is located inside the resistance area. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
13
IFN Analysis 10/16/24DISCLOSURE: As of 10/16 I have no open positions in NYSE: IFN I am not a licensed investment advisor and I am not a tax advisor, nothing in this article is to be taken as financial advice. India Fund, Inc. (The) India Fund, Inc. (The) is a non-diversified closed end fund focused on the Indian market. The fund is currently trading at a discount of 7.5% to the net asset value with a 9% dividend yield. The fund holds a basket of Indian equities, primary large cap companies with stable track records. With the fund launched in 2003 it has since under performed the Nifty 50 index which has had a historic run in recent years. So why would an investor consider IFN? First of all IFN is trading at a discount to NAV meaning you are essentially buying the basket of stocks at a discount. It is also my personal belief that the equities held in IFN are better but valuation and fundamentally from the holdings in the Nifty 50 index. Macro: India is one of the fastest growing countries in the world in terms of both population and economically. However with several major drawbacks including the massive trade deficit, lack of efficiency in government operations, and less developed architecture to some of the competitor emerging markets. That being said India is a country of smart, hard working people, and I believe their economic environment will continue to improve. Tax Considerations: IFN is a closed end fund, meaning that it may have special tax considerations for some investors. From the perspective of a USA based investor I choose to hold all closed end funds in a Roth IRA retirement account. Please consult with a tax advisor before making any decisions.
NYSE:IFNLong
by sihen999
Fundamental analysis of the market for 16.10.2024 GBPUSDGBPUSD: The GBP/USD pair is trading around 1.3065 today, although it lacks bullish confidence. The release of the UK Consumer Price Index news event weakened the Pound against the Dollar. Ahead of the key data release, speculation that the Bank of England (BoE) may move to accelerate its rate cut cycle continues to undermine the British Pound (GBP) and act as a headwind for the GBP/USD pair. That said, the moderate decline in the US Dollar (USD) is providing some support to the currency pair and helping to limit the downside. From a technical perspective, the range-bound price action can still be categorized as a bearish consolidation phase amid the recent pullback from the 1.3435 area, or the highest level since March 2022, reached last month. In addition, the oscillators on the daily chart are holding in negative territory and are still far from the oversold zone. Trading recommendation: Trading mainly by Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Sell EUR/CHF BreakoutThe EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9385 Target Levels: 1st Support – 0.9350 2nd Support – 0.9330 Stop-Loss: To manage risk, place a stop-loss order above 0.9410. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
6
Kumba Iron Ore Analysis 10/15/24DISCLOSURE: As of 10/15/24 I have no open positions in Kumba Iron Ore JSE: KIO Introduction: Kumba Iron Ore is a South African Iron Ore mining company. They operate 3 mines in South Africa, all of which are quality assets operating profitably at current Iron Ore prices. The second business segment is logistics, or the transport of minerals across South Africa and internationally. Fundamentals: Looking at the 3 mines and their average costs the company is profitable at any Iron Ore prices about $40/metric ton. Well below the current prices. The return on the company's assets is very high and debt is negligible. The mine's have a long runway of 20+ years before they are at risk of running dry. With a long runway, profitable mines, the company looks attractive on a fundamentals basis. Iron Ore spot price: Current Iron prices are around $100/metric ton. Iron being a commodity tied to the general economy could see a drop in an economic downturn. $50 Iron could be possible atleast in the short term with an upside of $200/metric ton in a good economic environment for Iron. tradingeconomics.com Valuations: Kumba Iron Ore is currently trading at a P/CF and a P/E of 3.67 and 5.69 respectively. By both metrics the company is very cheap relative to the fundamentals. With a dividend yield of 11% easily covered by the company's cash flows Kumba Iron Ore looks very attractive for a long term investor bullish on Iron Ore. If you enjoyed this report follow for more! PM for consulting, portfolio analysis, and research requests.
JSE:KIOLong
by sihen999
Comcast Corporation Analysis 10/15/24Disclosure: As of 10/15 I am long Comcast Corporation NYSE: NASDAQ:CMCSA Comcast is a media and telecom company. They have several business divisions including news, movies, and telecom services. Looking at their business they own several well known brands like MSNBC, Sky News, Xfinity, and Universal Studios. Fundamentals: Looking at the fundamentals of the business it is very stable with return on equity in the teens for multiple economic cycles. Alongside stable margins, paying back shareholders through buybacks and dividends and the responsible usage of debt it appears management is doing a good job running the business. This can be seen in the earnings and revenue growth over the years. Data going back to 2017 is remarkably stable in both revenue and earnings growth. Valuations: Looking at the valuations at a P/E of 10 and a dividend/buyback yield of 4% that gives me the minimum 15% return I am looking for in a long term hold. This does not account for future growth. Calculating for growth I would be happy to earn 18% annual on an investment at current prices. Of course this is just an estimate of the fair value for the company. But I would be still buying at any price below $50/share. Conclusion: As with most mature companies this investment should be thought of in a very long term compounding model for determining present value. Similar to in my NASDAQ:TROW analysis a holding period for mature companies should be as long as possible assuming the business is growing and doing well. This allows the earnings to compound and grow into perpetuity. If you found this article useful follow for my previous research and new research coming out regularly.
NASDAQ:CMCSALong
by sihen999
PEPE’s Next Move: Anticipating a Correction Amidst OvervaluationIn the wake of the recent rally in BINANCE:BTCUSDT , BINANCE:1000PEPEUSDT.P has followed suit, joining the upward momentum and achieving fresh higher highs. Looking at historical patterns, it's plausible that we could witness a 10% retracement in the coming days, as corrections have been common following similar surges. Furthermore, we’ve been tracking a month-long upward trend where strategic pullbacks have consistently set the stage for new highs, reinforcing the potential for a short-term decline. The current price action appears somewhat inflated, especially when considering key indicators such as the EMA200 and Bollinger Bands , both of which suggest overvaluation at this stage. With these confluences in mind, I foresee a potential move towards filling the imbalance that has been left behind by recent price spikes. For this setup, I have identified two target profit zones: TP1: 0.0100676 TP2: 0.0096963 To manage risk, the stop-loss is placed at 0.0112460, allowing for a balanced approach that accounts for market volatility while still capturing potential downside movement.
Short
by buluquella
1
Sell EUR/USD Strong DollarThe EUR/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0937, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0885 2nd Support – 1.0860 Stop-Loss: To manage risk, place a stop-loss order above 1.0960. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
8
Fundamental Market Analysis for October 15, 2024 EURUSDThe EUR/USD pair reached a new ten-week low on Monday, marking the start of the new trading week with another decline. The euro lost 0.25% against the dollar, breaching its 200-day exponential moving average (EMA) as a result of the dollar's strength and the euro's general weakening. The latest results of the European Central Bank's (ECB) lending survey are scheduled for release on Tuesday, and investors will be monitoring for any indications regarding the overall health of the European banking sector this week. The final European harmonised consumer price index (HICP) inflation data is scheduled for release on Thursday morning, but is unlikely to have a significant impact on market volatility as investors focus on the European Central Bank (ECB) meeting, where a 25-basis point interest rate cut is expected. The next significant data release from the US is scheduled for Thursday, when US retail sales are expected to show a modest increase of 0.3% m/m in September, following a relatively subdued August reading of 0.1%. Trade recommendation: Trading predominantly Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Sell GBP/USD Bearish ChannelThe GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent downward Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3062. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2988 2nd Support – 1.2960 Stop-Loss: To manage risk, place a stop-loss order above 1.3090. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Today High Impact News : GBP - GDP, Trade Balance EUR - German CPI USD - PPI Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
1
Sell XAU/USD (Gold) Channel FormationThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a Channel Formation pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2650, This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2624 2nd Support – 2607 Stop-Loss: To manage risk, place a stop-loss order above 2668. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
5
Bitcoin will exit from pennant and continue to fall to 59KHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to wedge, where it at once rebounded from the resistance line and fell to the support line, breaking the support level. After this movement, BTC started to grow and soon reached 57600, which coincided with the support area, broke it, and made a retest. Then it a little, after which made a correction to the support level and then made an impulse up to the resistance line of the wedge, which coincided with the 64000 level with the seller zone. Bitcoin some time traded near this level and later broke it, after which even exited from the wedge, but then it started to decline inside the downward pennant. Later price broke the 64000 level and dropped to the support line of the wedge, turned around and in a short time rose to the resistance level, but a not long time ago it turned around and fell to the support line. Now, the price trades near this line and I think it can rise a little and then continue to decline, thereby exiting from the pennant. For this case, I set my TP at 59000 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
31
HelenP. I Gold will make correction and then rebound up to $2700Hi folks today I'm prepared for you Gold analytics. Some days ago price declined to support 2, which coincided with the support zone, and some time traded near this level, even falling to the support zone. Later XAU dropped to the trend line and then started to grow inside the pennant pattern, where it rebounded from the support zone and rose to support 1, which coincided with one more support zone. Soon, the price broke this level and even rose higher than the support zone, after which reached the resistance line of the pennant. But then, XAU turned around and started to decline. The price quickly declined to support 1, where it touched the trend line, after which Gold rebounded up and reached the resistance line of the pennant again. So, at the moment, I expect that XAUUSD will make a small correction movement, after which continue to move up. Price can exit from pennant as well, and then make retest, or at once continue to grow. That's why I set my goal at 2700 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
5