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GOLD ROUTE MAP UPDATEHey Everyone, Smashing start to the week with our chart idea playing out perfectly, as analysed. We started the day with our first bullish target hit at 2645. This followed with ema5 cross and lock above 2645 opening 2661, which was hit perfectly completing this gap. We now have a gap left at 2679, which fell just short and as long as 2661 holds, we will look for this gap to be completed. However, if we see ema5 lock below 2661, then we are likely to see lower Goldlturns tested to find support again. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2645 - DONE EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET 2661 - DONE EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET 2679 EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET 2697 BEARISH TARGETS 2626 EMA5 CROSS AND LOCK BELOW 2626 WILL OPEN THE FOLLOWING BEARISH TARGET 2612 EMA5 CROSS AND LOCK BELOW 2612 WILL OPEN THE SWING RANGE SWING RANGE 2599 - 2584 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
18
Gold H1 (XAU/USD)The 1-hour XAU/USD chart reveals a potential corrective Elliott Wave (A-B-C) pattern following a completed (W-X-Y) structure. Expected Corrective ABC Pattern: Wave (A): The initial decline is anticipated to target the $2,605-$2,620 support zone. Wave (B): A minor retracement is expected to occur, likely staying below the $2,662 resistance level. Wave (C): The final wave may extend the decline towards the $2,560-$2,580 lower support zone. Key Levels to Watch: Resistance: $2,662 Support Zones: Middle support: $2,605-$2,620 Lower support: $2,560-$2,580 Keep an eye on the evolving market conditions and adjust your trading strategy accordingly. Good luck!
TVC:GOLDShort
by me22_
1
Market News Report - 08 December 2024The dollar was back to its usual dominance in the past week, concluded by a positive Non-Farm Payroll figure last Friday. The yen also picked up the bullish momentum it began last week. It will probably be a volatile week with the release of four interest rate decisions. Let's explore whether our latest market news report reveals notable technical and fundamental changes in the major forex pairs. Market Overview Below is a brief technical and fundamental analysis breakdown for all major currencies. US dollar (USD) Short-term outlook: weak bearish. The Fed recently cut the interest rate by 25 basis points (bps) from 5.00% to 4.75%, emphasizing that inflation is moving towards the 2% target but is still slightly elevated. Keep an eye on the new inflation rate on Wednesday. October's labour data was down, mainly due to the impact of US hurricanes and labour disputes with Boeing. While some mildly positive economic data exists, the bearish bias remains for USD, with short-term interest rate (STIR) market pricing indicating an 88% chance (up from 67%) chance of a 25 bps cut this week. Furthermore, last Friday's NFP print suggested that there is nothing to stop the Fed from cutting rates. While the Dixie is still quite bullish, it has retraced slightly from the new key resistance at 108.071. Meanwhile, the key support is far away at 100.157, which will remain untouched for some time. Long-term outlook: bearish. A noteworthy point about the recent Fed meeting is the removal of the line "the committee has gained greater confidence that inflation is moving sustainably towards 2 percent." Finally, Powell also clarified that the US elections won't affect their future decisions. The big takeaway is that the Fed will see how fast/far they should cut rates. December 6's jobs data indicates that CPI this week will be important and closely watched by markets. Euro (EUR) Short-term outlook: bearish. STIR markets were predictably accurate as the European Central Bank (ECB) cut the interest rate last month. However, they remain data-dependent on what to do in the future (although they are quite concerned about slow growth). STIR markets have indicated an 87% chance of a rate cut on Thursday (also backed by the ECB's Stournaras). Still, a pullback may be due at some point. The euro has clearly broken the key support we mentioned previously (1.07774) - the next area of interest is 1.03319. Meanwhile, the key resistance remains far higher at 1.12757. Long-term outlook: weak bearish. The latest rate cut and the avoidance of indicating a clear future move for the December meeting are among the key down-trending factors. However, any improvements in economic data (according to the ECB) would be a turnaround. The threat of a fresh trade tariff with Trump is hugely influential and may cause the euro to be sold off on tariff fears. Other contributing factors to a pressured euro are bumpy French politics and the prospect of a German snap election. British pound (GBP) Short-term outlook: bearish. The Bank of England (BoE) recently cut the bank rate from 5% to 4.75% as anticipated. The language indicates they need to be restrictive and a "gradual approach" to policy easing. Governor Bailey also highlighted that rates will probably be brought down cautiously. Furthermore, he forecasted four rate cuts in 2025, which is a tad bit more dovish than market pricing. A big miss in the GDP print on Friday, could be enough to send the GBP lower this week. However, inflation data still remains crucial. Like other dollar pairs, GBP/USD has looked bearish for some time. After breaching the key support at 1.26165, the next area of interest is now 1.22994. Meanwhile, the resistance target is far away at 1.34343. Long-term outlook: weak bearish. The BoE sees inflation (its main concern currently) as being stickier for longer. Bailey wishes to see it down to 2%. This is a moderately hawkish hint. Overall, inflation data (and other economic) data will be important for the British pound. Finally, STIR markets indicate an 89% chance (up from 84%) of a rate hold by the BoE next Thursday. Japanese yen (JPY) Short-term outlook: bullish. The Bank of Japan (BoJ) recently kept the interest rate the same at the end of October. So, our outlook remains largely unchanged. However, a rise in USD/JPY could raise the possibility of the BoJ's intervention. At the last BoJ interest rate announcement, Ueda stated that hikes would continue if the central bank's projections weren't realised. Last week, he backed up this sentiment by saying that keeping real interest rates too long for too long would lead to higher inflation, which is a hawkish suggestion. The 139.579 support area is proving quite strong, boosting the yen since mid-September. However, there has been a noticeable retracement amid this move). Still, the major resistance (at 161.950) is too far for traders to worry about. Long-term outlook: weak bullish. The BoJ's tightening stance and inflationary pressures give the yen a bullish sentiment. The central bank wishes to avoid further JPY weakness, with Finance Minister Kato warning against 'excessive FX moves.' We should also keep an eye on US Treasury yields, as rising yields could derail JPY upside. Conversely, any declines in US yields would likely provide a major boost to the yen. Australian dollar (AUD) Short-term outlook: neutral. The Reserve Bank of Australia (RBA) recently kept its interest rate unchanged, marking the eighth consecutive hold. They emphasised that policy will remain restrictive until inflation moves toward its target. The RBA also lowered its GDP forecasts while the labour market remains tight. Diarise the upcoming AUD interest rate decision scheduled for Tuesday. The dollar remains dominant against the Aussie, as AUD/USD is very close to testing the key support at 0.63484. Meanwhile, the key resistance level lies far ahead at 0.69426. Long-term outlook: weak bullish. While the RBA suggests that rate hikes won't be necessary going forward, it hasn't ruled anything out. Governor Bullock recently mentioned that they would act if the economy dropped more than desired. It’s crucial to be data-dependent on the Aussie, especially with core inflation as the RBA's key focus area. Also, the Australian dollar is procyclical, with particular exposure to China's geopolitics. Trump's recent win in the US election means the prospect of trade tariffs with China has increased (potentially causing headwinds for AUD). New Zealand dollar (NZD) Short-term outlook: weak bearish. The Reserve Bank of New Zealand (RBNZ) cut its interest by 50 bps to 4.25% as expected last week, the same as in October. It also signalled further reductions for early next week while remaining confident that inflation will remain in the target zone. However, risks of increased inflation volatility and relative price unpredictability remain. The Kiwi has been on a notable downward spiral, proving the strength of the major resistance level at 0.63790. NZD/USD is close to the key support at 0.57736, reaffirming this bearish market. Long-term outlook: bearish. Governor Orr indicated in the last RBNZ meeting that a 50 bps cut in February 2025 is possible. So, we can rule out a rate hike, more so with potential trade tariff issues between China and the United States. These can cause headwinds for NZD and AUD. Canadian dollar (CAD) Short-term outlook: bearish. The Bank of Canada (BoC) unsurprisingly delivered a 50 bps cut in October. Further cuts remain on the cards, with the long-term target being 3%. Markets indicate a likelihood of a cut on Wednesday (maybe another 50 bps). The BoC is signalling victory over inflation due to the cuts, with Governor Macklem suggesting that they would probably cut further until they achieve the optimal low inflation. In their words, 'stick the landing.' Overall, the bias remains bearish - expect strong rallies in CAD to find sellers. While the short-term fundamental biases of USD and CAD are bearish, CAD is the weakest on the charts. This market is very close to the fresh key resistance at 1.41781. Meanwhile, the key support lies far down at 1.34197. Long-term outlook: weak bearish. Expectations of a rate cut remain the focal point, with STIR markets indicating a 68% chance of a 50 bps cut in December. The Bank of Canada has recognised the lower economic growth, and Macklem wishes to see this improve. Furthermore, any big misses in upcoming GBP, inflation, and labour data would send CAD lower. Still, encouraging oil prices and general economic data improvement would save the Canadian dollar's blushes - the opposite is true. Swiss franc (CHF) Short-term outlook: bearish. STIR markets were, as usual, correct in their 43% chance of a 25 bps rate cut (from 1.25% to 1%) in the Sept. 26 meeting. The Swiss National (SNB) also indicated its preparedness to intervene in the FX market and further rate cuts in the coming quarters. STIR pricing indicates a 57% chance of a 50 bps cut on Thursday. The October CPI was weak at 0.6% (another poor result as it was for September). Finally, the central bank's new Chair (Schlegel) said they "cannot rule out negative rates," further stating that the SNB would be ready to implement this if needed. Still, the Swiss franc can strengthen during geopolitical tensions like a worsening Middle East crisis. USD/CHF keeps rising steadily towards the major resistance level at 0.922444, while the major support level is at 0.83326. Long-term outlook: weak bearish. The bearish sentiment remains after the last SNB meeting, while inflation is being tamed with lower revisions. We should also remember that the SNB's intervention prevents the appreciation of the Swiss franc. The new chairman is more keen to cut rates than his predecessor, Jordan. The SNB aims for neutral rates between 0 and 0.50% (currently at 1%). Conclusion In summary: The US dollar remains one of the key currencies to watch. However, the Japanese yen is another considerable option due to its recent bullish momentum. EUR, AUD, CAD and CHF are all the currencies with new upcoming interest rate decisions. Our short and long-term fundamental outlooks remain largely unchanged from the last few weeks. As always, hope for the best and prepare for the worst. This report should help you determine your bias toward each currency in the short and long term.
TVC:DXY
by CityTradersImperium_CTI
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 2645 and a gap below at 2626. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2645 EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET 2661 EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET 2679 EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET 2697 BEARISH TARGETS 2626 EMA5 CROSS AND LOCK BELOW 2626 WILL OPEN THE FOLLOWING BEARISH TARGET 2612 EMA5 CROSS AND LOCK BELOW 2612 WILL OPEN THE SWING RANGE SWING RANGE 2599 - 2584 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
13
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price lay between two weighted levels with a gap above at 2648 and a gap below at 2629, as weighted Goldturns and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2648 EMA5 CROSS AND LOCK ABOVE 2648 WILL OPEN THE FOLLOWING BULLISH TARGET 2675 EMA5 CROSS AND LOCK ABOVE 2675 WILL OPEN THE FOLLOWING BULLISH TARGET 2701 EMA5 CROSS AND LOCK ABOVE 2701 WILL OPEN THE FOLLOWING BULLISH TARGET 2726 EMA5 CROSS AND LOCK ABOVE 2726 WILL OPEN THE FOLLOWING BULLISH TARGET 2749 BEARISH TARGETS 2629 EMA5 CROSS AND LOCK BELOW 2729 WILL OPEN THE FOLLOWING BEARISH TARGET 2604 EMA5 CROSS AND LOCK BELOW 2604 WILL OPEN THE SWING RANGE SWING RANGE 2583 - 2561 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Another update on the weekly chart idea we have been tracking for over a month now and still playing out as analysed. As stated already this chart allowed us to project the long term corrections and direction. We are using this chart to track our bullish targets until no ema5 lock to confirm rejections on the levels. The channel top is continuing to provide support like we stated last week, although we saw candle body close below the channel 2 weeks ago, there was no ema5 break into the channel confirming the support and rejection, which allowed us to identify the fake-out and confirm the support. This is the beauty of our Gold channels, which we draw in our unique way, using averages rather than the price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. As long as we see no lock below into the channel, we cane safely continue with our plans to buy dips in this range. We will continue to track the movement down and trade the bounces up, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps above for the future. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, This is the monthly chart idea for our long term/range analysis, which we shared last update in November. Previously after completing the bull targets, we were left with a big detachment to ema5. This was hit and completed for the correction, as highlighted by the circle on the chart, which also gave the bounce, allowing us to buy dips inline with our plans. This month also started with a detachment to ema5 below for a correction, which was nearly completed and can be pulled up to complete, also highlighted with a small mini circle on the charts for visual purpose. This area above 2689 is a strong level of support with ema5 providing dynamic support now for a bounce. Each of the lower Goldturn levels below are likely to give re-actional bounces just like our shorter time frame ideas. However, we will keep in mind the channel top that may require a support test. We will continue use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gap above. Short term we may look bearish but looking at the monthly chart allows us to see the bigger picture and the overall long term Bullish trend. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
FOREXCOM:XAUUSD
by Goldviewfx
5
US30 / TRADING A RANGE BETWEEN 45,100 AND 44,468 / 4HUS30 / 4H TIME FRAME HELLO TRADERS The Dow Jones is trading between 45,100 (resistance) and 44,468 (support) , Prices are under upward pressure, but remain below the all-time high (ATH) of 45,100. If prices fail to stabilize above 45,100, a decline is expected toward the lower support at 44,468,If prices break below 44,468, the decline could continue further into a demand zone between 43,960 and 43,719. If prices break and stabilize above 45,100 (ATH), an increase is expected toward a new historical zone between 45,490 and 45,890.
EIGHTCAP:US30Long
by ArinaKarayi
NAS100USD / TRADING UNDER ATH PRICES AROUND 21,520 / 4HNAS100USD / 4H TIME FRAME HELLO TRADERS Breaking the supply zone is expected to lead to an increase in prices, potentially reaching a new all-time high (ATH) , The current price is trading below the ATH level at 21,512. If the price remains and stabilizes below 21,512, it is expected to decline further , The first expected demand zone is between 21,226 and 21,107 , If the price closes a 4-hour candle below this zone, it is anticipated to decline to the next demand zone between 20,863 and 20,762. If the ATH level (21,512) is broken, prices are expected to rise and reach a new historical zone between 21,520 and 21,890. As long as the price remains below the ATH, the market is expected to face downward pressure.
OANDA:NAS100USDShort
by ArinaKarayi
2
GOLD DAILY CHART UPDATEHey Everyone, Another ranging day on the charts today, which works perfectly with our strategy and plans to buy dips, as we are able to continue to use the weighted level to take the bounces. Please see the daily chart update, to give you all an overall view of the range. We are playing between two weighted levels 2629 and 2686. 2629 is still providing support with no ema5 lock below. This is allowing us to use our smaller timeframe analysis on the 1H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up using our smaller timeframe ideas. Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
16
CPRX Growth Stock with Favorable UpsideCatalyst Pharmaceuticals, Inc. ( NASDAQ:CPRX ): Growth Stock with Favorable Upside Trade Setup: - Buy Price: $21.31 - Stop-Loss: $19.31 - Take-Profit Targets: - TP1: $25.32 - TP2: $30.22 Rationale: Catalyst Pharmaceuticals is a commercial-stage biopharmaceutical company focusing on innovative therapies for rare neurological diseases. The company's solid revenue growth and market position in niche segments offer a compelling reason for potential upside. Financial Performance: - In Q3 2024, the company reported **revenue of $128.7 million**, a **25.3% increase year-over-year**, driven by strong demand for their lead product, FIRDAPSE®, and the successful U.S. launch of AGAMREE®. - Net income improved to **$45.6 million**, compared to $35.2 million in the same period last year. Analyst Ratings: - Catalyst Pharmaceuticals has a consensus **"Strong Buy" rating** from analysts. - The average price target is **$31.14**, suggesting a potential upside of approximately 46% from the current price. Volume and Market Dynamics: - Short interest sits at around **7.47%**, signaling moderate bearish positioning but also potential for a short squeeze if bullish momentum builds. - Trading volumes have shown steady growth, reflecting increased investor interest. Risk/Reward Analysis: With a stop-loss at $19.31, the risk is approximately **$2 per share** from the entry price. The first take-profit target offers a reward of **$4 per share** and the second target extends it to **$9 per share**, creating a favorable risk-to-reward ratio of **1:2** and **1:4.5**, respectively. Conclusion: Catalyst Pharmaceuticals presents a balanced opportunity for growth-oriented traders. While short interest and volatility indicate some risk, strong financial performance and favorable analyst targets provide confidence in the stock’s potential. When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
NASDAQ:CPRXLong
by SiriusTrading
Gold "trembling" waiting for US employment dataGold (XAU/USD) continued to fluctuate in a narrow range on Thursday morning, supported by geopolitical risks such as the Russia-Ukraine conflict, trade war concerns and political instability in France and South Korea. A weak US dollar also contributed to keeping gold prices high. However, expectations of the Fed maintaining a tight monetary policy, along with a slight increase in US bond yields, are limiting gold's upside. Comments from Fed Chairman Jerome Powell kept investors cautious, waiting for the US Non-Farm Payrolls (NFP) report on Friday. Personal opinion: This week’s break below the multi-day ascending channel signals bearish momentum, but neutral oscillators on the daily/4-hour charts suggest waiting for a break below the $2,630 support before positioning for further losses. A subsequent decline could drag prices toward $2,622-$2,621 and potentially to $2,600. On the upside, $2,655 remains the immediate hurdle, followed by $2,666. A sustained move above $2,678 could pave the way toward the $2,700 mark, but strong resistance around $2,721-$2,722 might cap gains. A decisive break beyond this level could shift the trend in favor of buyers and trigger meaningful upside momentum. Pay attention to price range: BUY ZONE: 2640 - 2638 SL: 2633 BUY ZONE: 2634 - 2632 SL: 2627 SELL ZONE: 2655 - 2657 SL: 2662
OANDA:XAUUSDLong
by Chana-Trading
GOLD ROUTE MAP UPDATEHey Everyone, Once again our chart idea delivered the goods with our weighted retracement level providing support and bounce like we highlighted. We were once again able to buy dips inline with our plans with the movement from 2631 to 2647. However, now we have ema5 cross and lock above 2647 opening the range above. We have been in a similar play range all week with both ranges below and above now left open. This is typical of ranging market conditions and as always our strategy to buy dips from our weighted levels allows us to navigate the traps and secure the pips. Our lower weighted levels are in place for bounces inline with our plans, should we see a failure to fill the gap above and see a drop below. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2668 EMA5 CROSS AND LOCK ABOVE 2668 WILL OPEN THE FOLLOWING BULLISH TARGET 2696 EMA5 CROSS AND LOCK ABOVE 2696 WILL OPEN THE FOLLOWING BULLISH TARGET 2713 EMA5 CROSS AND LOCK ABOVE 2713 WILL OPEN THE FOLLOWING BULLISH TARGET 2733 BEARISH TARGETS 2647 - DONE EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE FOLLOWING BEARISH TARGET 2631 - DONE EMA5 CROSS AND LOCK BELOW 2631 WILL OPEN THE SWING RANGE SWING RANGE 2609 - 2592 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
11
NAS100USD / TRADING UNDER SUPPLYZONE / 4HNAS100USD / 4H TIME FRAME HELLO TRADERS Downward Pressure: Prices are currently trading under a bearish (downward) trend. Supply Zones , Between 20,860 & 20,920 and 21,037 & 21,112: These zones are acting as resistance levels where selling pressure is high, preventing prices from rising further. Demand Zone , Between 20,559 & 20,354: This is identified as a support level where buying interest might increase, potentially halting further price decline. Possible Scenarios: If prices remain below the supply zones, further decline toward the demand zone is expected , If prices break above the supply zones, it suggests an increase toward ,The all-time high (ATH) around 21,260 , A strong supply zone between 21,175 & 21,260. Overall Outlook , The text emphasizes the bearish trend unless resistance levels are broken.
OANDA:NAS100USDShort
by ArinaKarayi
7
Gold “sideways” ahead of important Fed speechGold prices (XAU/USD) maintained a positive trend for the second consecutive day on Wednesday but remained confined within a familiar range. Investors appeared cautious, awaiting clearer signals on the Federal Reserve’s (Fed) rate cut trajectory before making decisions. The focus now shifts to Fed Chair Jerome Powell’s speech later today and the U.S. Non-Farm Payrolls (NFP) report on Friday. These events will significantly impact monetary policy decisions and the short-term outlook for gold. Personal opinion: Recently, prices have been trading in a narrow range, signaling a consolidation phase after last week’s downtrend. The recent break below the four-day ascending channel supports the bears, but any drop below $2,622-2,621 could find solid support near $2,600. On the upside, the $2,655 and $2,666 levels are immediate resistance. A break above $2,678 could push prices toward the $2,700 mark. However, a sustained move beyond the strong resistance zone at $2,721-2,722 is needed to open the door for significant gains. Pay attention to price range: SELL ZONE: 2655 - 2657 SL: 2672 BUY ZONE: 2637 - 2635 SL: 2630 BUY ZONE: 2627 - 2625 SL: 2620
OANDA:XAUUSDLong
by Chana-Trading
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today, allowing us to continue to track and trade our route map. Playing in a tight range today and therefore not much update needed from yesterday. We are in a similar play range, as price is still within the retracement range, allowing us to buy dips into 2647. We need a ema5 cross and lock above 2647 for a continuation above. Our lower weighted levels are in place for bounces inline with our plans to buy dips, should we see a failure to lock above and see a drop below. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2668 EMA5 CROSS AND LOCK ABOVE 2668 WILL OPEN THE FOLLOWING BULLISH TARGET 2696 EMA5 CROSS AND LOCK ABOVE 2696 WILL OPEN THE FOLLOWING BULLISH TARGET 2713 EMA5 CROSS AND LOCK ABOVE 2713 WILL OPEN THE FOLLOWING BULLISH TARGET 2733 BEARISH TARGETS 2647 - DONE EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE FOLLOWING BEARISH TARGET 2631 - DONE EMA5 CROSS AND LOCK BELOW 2631 WILL OPEN THE SWING RANGE SWING RANGE 2609 - 2592 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
28
XAUUSD / TODAY REMAIN DEMAND ZONE EXPECTED TO INCREASE / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS The price has declined and hit a profit target of +455 pips, indicating a successful trade. Prices are now trading above a demand zone between $2,627 and $2,611 , This implies strong buyer interest in this range, providing support. If the price remains above the demand zone, it suggests a likely increase to a supply zone between $2,695 and $2,720 , This reflects a potential upward trend driven by continued buying pressure. If the price breaks below the demand zone, further declines are expected , The next identified demand zone is between $2,595 and $2,585, where buyers may step in again.
OANDA:XAUUSDLong
by ArinaKarayi
10
Market News Report - 01 December 2024After weeks of dominance, the dollar finally took a backseat. The Japanese yen was among the most bullish forces. It found strength against markets like CAD and AUD, aligning with its bullish fundamentals. Let's explore if there are notable changes in our latest market news report. Market Overview Below is a brief technical and fundamental analysis breakdown for all major currencies. US dollar (USD) Short-term outlook: weak bearish. The Fed recently cut the interest rate by 25 basis points (bps) from 5.00% to 4.75%. While labour data was down recently, this was mainly due to the impact of US hurricanes and labour disputes with Boeing. While some mildly positive economic data exists, the bearish bias remains for USD, with short-term interest rate (STIR) market pricing indicating a 67% chance of a 25 bps cut in December. Still, FOMC minutes last week suggest the Fed remains data-dependent. Keep an eye on the new Non-Farm Payrolls and unemployment announcement on Friday. While the Dixie is still quite bullish, it retraced slightly from the new key resistance at 108.071. Meanwhile, the key support is far away at 100.157, which will remain untouched for some time. Long-term outlook: bearish. A noteworthy point about the recent Fed meeting is the removal of the line "the committee has gained greater confidence that inflation is moving sustainably towards 2 percent." Finally, Powell also clarified that the US elections won't affect their future decisions. The big takeaway is that the Fed will see how fast/far they should cut rates. Jobs data this week is key to deciding the next near-term directional move for the dollar. Euro (EUR) Short-term outlook: bearish. STIR markets were predictably accurate as the European Central Bank (ECB) cut the interest rate last month. However, they remain data-dependent on what to do in the future (although they are quite concerned about slow growth). STIR markets have indicated an 87% chance of a rate cut in December (also backed by the ECB's Stournaras). Also, we have seen weaker economic data across various European nations. Another concern is that a protectionist US policy (with Donald Trump winning the recent election) could impact trade in the Eurozone, suggesting the potential for lower growth due to tariff risks. The euro has clearly broken the key support we mentioned previously (1.07774) - the next area of interest is 1.03319. Meanwhile, the key resistance remains far higher at 1.12757. Long-term outlook: weak bearish. The latest rate cut and the avoidance of indicating a clear future move for the December meeting are among the key down-trending factors. However, any improvements in economic data (according to the ECB) would be a turnaround. The threat of a fresh trade tariff with Trump is hugely influential and may cause the euro to be sold off on tariff fears. Still, negative US moves would likely result in a pullback for EUR. British pound (GBP) Short-term outlook: bearish. The Bank of England (BoE) recently cut the bank rate from 5% to 4.75% as anticipated. The language indicates they need to be restrictive and a "gradual approach" to policy easing. Governor Bailey also highlighted that rates will probably be brought down cautiously. Despite this, we saw a slight pullback in GBP/USD. This may be in line with the BoE's slightly hawkish attitude due to recent inflationary pressures. Another contributor is the latest Consumer Price Index print, which came in hotter than expected on November 20. Like other dollar pairs, GBP/USD has looked bearish for some time. After breaching the key support at 1.26165, the next area of interest is now 1.22994. Meanwhile, the resistance target is far away at 1.34343. Long-term outlook: weak bearish. The BoE sees inflation (its main concern currently) as being stickier for longer. Bailey wishes to see it down to 2%. This is a moderately hawkish hint. Overall, inflation data (and other economic) data will be important for the British pound. Finally, STIR markets indicate an 84% chance of a rate hold by the BoE later this month. Japanese yen (JPY) Short-term outlook: bullish. The Bank of Japan (BoJ) recently kept the interest rate the same at the end of October. So, our outlook remains largely unchanged. However, a rise in USD/JPY could raise the possibility of the BoJ's intervention. At the last BoJ interest rate announcement, Ueda stated that hikes would continue if the central bank's projections weren't realised. Last week, he backed up this sentiment by saying that keeping real interest rates too long for too long would lead to higher inflation, which is a hawkish suggestion. The 139.579 support area is proving quite strong, boosting the yen since mid-September. However, there has been a noticeable retracement amid this move). Still, the major resistance (at 161.950) is too far for traders to worry about. Long-term outlook: weak bullish. The BoJ's tightening stance and inflationary pressures give the yen a bullish sentiment. The central bank wishes to avoid further JPY weakness, with Finance Minister Kato warning against 'excessive FX moves.' We should also keep an eye on US Treasury yields, as rising yields could derail JPY upside. Conversely, any declines in US yields would likely provide a major boost to the yen. Australian dollar (AUD) Short-term outlook: neutral. The Reserve Bank of Australia (RBA) kept its interest rate unchanged recently, marking the eighth consecutive hold. They emphasised that policy will remain restrictive until inflation moves toward its target. The RBA also lowered its GDP forecasts while the labour market remains tight. The dollar remains dominant against the Aussie, as AUD/USD looks to test the key support at 0.63484. Meanwhile, the key resistance level lies far ahead at 0.69426. Long-term outlook: weak bullish. While the RBA suggests that rate hikes won't be necessary going forward, it hasn't ruled anything out. Governor Bullock recently mentioned that they would act if the economy dropped more than desired. It’s crucial to be data-dependent on the Aussie, especially with core inflation as the RBA's key focus area. Also, the Australian dollar is procyclical, with particular exposure to China's geopolitics. Trump's recent win in the US election means the prospect of trade tariffs with China has increased (potentially causing headwinds for AUD). New Zealand dollar (NZD) Short-term outlook: weak bearish. The Reserve Bank of New Zealand (RBNZ) cut its interest by 50 bps to 4.25% as expected last week, the same as in October. It also signalled further reductions for early next week while remaining confident that inflation will remain in the target zone. However, risks of increased inflation volatility and relative price unpredictability remain. The Kiwi has been on a notable downward spiral, proving the strength of the major resistance level at 0.63790. NZD/USD isn't far from the key support at 0.57736, reaffirming this bearish market. Long-term outlook: bearish. Governor Orr indicated in the last RBNZ meeting that a 50 bps cut in February 2025 is possible. So, we can rule out a rate hike, more so with potential trade tariff issues between China and the United States. These can cause headwinds for NZD and AUD. Canadian dollar (CAD) Short-term outlook: bearish. The Bank of Canada (BoC) unsurprisingly delivered a 50 bps cut a few weeks ago. Further cuts remain on the cards, with the long-term target being 3%. The BoC is signalling victory over inflation due to the cuts, with Governor Macklem suggesting that they would probably cut further until they achieve the optimal low inflation. In their words, 'stick the landing.' Overall, the bias remains bearish - expect strong rallies in CAD to find sellers. While the short-term fundamental biases of USD and CAD are bearish, CAD is the weakest on the charts. USD/CAD has finally exceeded the key resistance at 1.39468. While the new target in the meanwhile is 1.41058, let's see what happens around the former area in the coming weeks. Meanwhile, the key support lies far down at 1.34197. Long-term outlook: weak bearish. Expectations of a rate cut remain the focal point, with STIR markets indicating a 67% chance of a 25 bps cut and a 33% chance of a 50 bps cut in December. The Bank of Canada has recognised the lower economic growth, and Macklem wishes to see this improve. Furthermore, any big misses in upcoming GBP, inflation, and labour data would send CAD lower. Still, encouraging oil prices and general economic data improvement would save the Canadian dollar's blushes - the opposite is true. Swiss franc (CHF) Short-term outlook: bearish. STIR markets were, as usual, correct in their 43% chance of a 25 bps rate cut (from 1.25% to 1%) recently. In the Sept. 26 meeting, the Swiss National (SNB) indicated its preparedness to intervene in the FX market and further rate cuts in the coming quarters. The October CPI was weak at 0.6% (another poor result, as for the September data). Finally, the central bank's new Chair (Schlegel) said they "cannot rule out negative rates," further stating that the SNB would be ready to implement this if needed. Still, the Swiss franc can strengthen during geopolitical tensions like a worsening Middle East crisis. USD/CHF keeps rising steadily towards the major support level at 0.83326, while the major resistance level is at 0.92244. Long-term outlook: weak bearish. The bearish sentiment remains after the last SNB meeting, while inflation is being tamed with lower revisions. We should also remember that the SNB's intervention prevents the appreciation of the Swiss franc. The new chairman is more keen to cut rates than his predecessor, Jordan. The SNB aims for neutral rates between 0 and 0.50% (currently at 1%). However, STIR markets only see a 30% chance of a 50 bps cut and 70% chance of a 25 bps cut next month. Conclusion In summary: The US dollar still remains one of the key currencies to watch, given the recent elections and Trump's potential to affect trade relations with the likes of Australia and New Zealand. However, the Japanese yen is another considerable option due to its recent bullish momentum. The US NFP and unemployment rate are the main high-impact economic events to watch for this week. Our short and long-term fundamental outlooks remain largely unchanged from the last few months. The only exception is the Australian dollar, where we have changed from 'weak bullish' to 'neutral.' As always, hope for the best and prepare for the worst. This report should help you determine your bias toward each currency in the short and long term.
TVC:DXY
by CityTradersImperium_CTI
GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our chart idea playing out, as analysed, allowing us to buy dips from our weighted level bounces. We started the day with the bearish gap below at 2647 being hit followed 2631 retracement range test at 2631 weighted Goldturn giving us over 40 pip bounce like we always state and all the way into 2647. We need to keep in mind that ema5 has also locked below 2631 leaving the swing range open. However, we are seeing the bullish Goldturn 2647 being tested. If we see a lock above 2647 then we are likely to see the upper targets or failure to lock above 2747 will see a re-attempt on the lower Goldlturns, also keeping in mind the swing range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2668 EMA5 CROSS AND LOCK ABOVE 2668 WILL OPEN THE FOLLOWING BULLISH TARGET 2696 EMA5 CROSS AND LOCK ABOVE 2696 WILL OPEN THE FOLLOWING BULLISH TARGET 2713 EMA5 CROSS AND LOCK ABOVE 2713 WILL OPEN THE FOLLOWING BULLISH TARGET 2733 BEARISH TARGETS 2647 - DONE EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE FOLLOWING BEARISH TARGET 2631 - DONE EMA5 CROSS AND LOCK BELOW 2631 WILL OPEN THE SWING RANGE SWING RANGE 2609 - 2592 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
5
XAUUSD / TRADING INSIDE FVG / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Current Price Action , Gold prices are stabilizing within the FVG area, indicating potential for a decline , The immediate target price within this range is $2,670. If prices remain below $2,670, they are expected to decline toward $2,628, which represents a lower level within the FVG , A further break below $2,628 could lead to a decline into the demand zone, between $2,595 and $2,585. If gold prices break above $2,680, they are expected to rise into the supply zone, ranging between $2,695 and $2,720. Overall Sentiment , The market is currently under downward pressure, suggesting a bearish bias unless prices break key resistance levels.
OANDA:XAUUSDShort
by ArinaKarayi
1
BTCUSDT / TRADING UNDER SUPPLY ZONE AND ATH / 4H BTCUSDT / 4H TIME FRAME HELLO TRADERS Current Trend , Prices are under downward pressure, trading below a defined supply zone (97,923–99,531) , A supply zone indicates a range where selling interest is high, causing resistance to upward price movement. If prices remain below the supply zone and stabilize , A decline toward a demand zone (92,402–90,794) is expected , A break below the demand zone, confirmed by a 4-hour (4H) candle closing beneath it, suggests further decline toward a lower range price of 88,698. If the supply zone is breached, particularly with a break above the all-time high (ATH) price of 99,600 , Prices are expected to rise toward a new historical zone between 100,800 and 104,000.
Short
by ArinaKarayi