Xauusd price is likely to be $3,000World gold prices increased in the context of the USD index falling. Recorded at 9:20 a.m. on October 21, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,749 points (down 0.08%).
Over the past year, gold bars - a commodity considered a hedge against political and economic instability - have increased more than 31%, breaking many records. The US Federal Reserve's (FED) interest rate cuts combined with safe haven demand have created a perfect storm for gold.
According to senior market strategist Daniel Pavilonis of RJO Futures, developments ahead of the US election and geopolitical developments in the Middle East are supporting precious metals.
President of Phoenix Futures and Options - forecasts that interest rates will decrease and gold is ready to conquer new milestones. He believes that gold prices will reach $3,000/ounce in the first quarter of next year.
In the coming time, gold prices will still be affected by the FED's interest rate management. According to CME's FedWatch tool, US inflation has been contained, the market is expecting a 92.2% chance that the FED will cut 25 basis points and a 7.8% chance of keeping current interest rates unchanged. meeting on November 7.
💎 XAUUSD sell 2734 - 2738💎
✔️TP1: 2730
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2744
Tradingsignals
ETHUSD Possible bounce to the Up Side from the support crossingThe market has formed a double bottom and has successfully broken and closed above this pattern, as well as above the previous resistance level at 2650, which had been respected before. This indicates that the market is creating higher lows, signaling increased buying pressure. If the price bounces off the support zone below and forms rejection candles, it would suggest strong buying interest and further confirm the potential for an upward trend. The target is the resistance zone around 2750
XAUUSD Potential breakout to a new ATHXAUUSD has broken and closed above the downward channel, signaling a strong bullish trend. As the price approaches the all-time high (ATH) level, there is potential for a pullback as traders may take profits or reassess positions. However, with the current bullish momentum, the market is likely to continue moving higher, even if a slight pullback occurs. If the price does pull back, looking for rejection signs near key support levels could confirm further upside. The target is the resistance zone at 2698
Gold prices increased about 2.4% during the weekGold costs surpassed $2,seven-hundred an oz for the primary time as worries approximately escalating warfare withinside the Middle East and a traumatic US election race precipitated traders to hurry to safety.
Bullion rose as a lot as 1% to $2,720.17 an oz, surpassing an all-time excessive set withinside the preceding session. The bullish sentiment unfold to the wider treasured metals complex, with silver growing as a lot as 5.5% to its maximum considering 2012. BlackRock Inc.`s iShares Silver Trust, the most important exchange-traded product monitoring The metal, has visible a massive growth in name alternatives as traders guess on better costs.
The marketplace specializes in an increasing number of traumatic geopolitical traits after Israel introduced it had killed Hamas chief Yahya Sinwar, the person in the back of the Palestinian group's assault on southern Israel, inflicting a extended war. 12 months lengthy in Gaza.
💎 XAUUSD Buy limit 2715 - 2713💎
✔️TP1: 2731
✔️TP2: 2651
✔️TP3: OPEN
🚫SL: 2705
➖➖➖➖➖➖➖➖
💎XAUUSD Sell limit 2751 - 2749💎
✔️TP1: 2730
✔️TP2: 2620
✔️TP3: OPEN
🚫SL: 2758
Xauusd Technical Analysis | October 21, 2024Gold fees hold the bullish motion and print new document highs that's expected. The fee will hold the bullish motion and investors will await a bearish correction. Whenever the fee begins offevolved a bearish correction, investors should wait close to the guide degree to feature greater lengthy positions. As lengthy because the fee maintains printing new better highs and better lows, the fashion will hold bullish.
Today’s critical levels to watch:
Support: $2,685, $2,600
Resistance: $2,750, $2,800, $2,841
💎 XAUUSD Buy limit 2714 - 2712💎
✔️TP1: 2730
✔️TP2: 2650
✔️TP3: OPEN
🚫SL: 2705
➖➖➖➖➖➖➖➖
💎XAUUSD Sell limit 2750 - 2748💎
✔️TP1: 2730
✔️TP2: 2620
✔️TP3: OPEN
🚫SL: 2758
EURUSD Analysis Week 43🌐Fundamental Analysis
The European Central Bank (ECB) cut its key interest rate by 25 basis points (bps) as expected after its October policy meeting. In its policy statement, the ECB noted that it will continue to pursue a data-dependent and meeting-by-meeting approach to determine the appropriate level and duration of policy accommodation.
In her post-meeting press conference, ECB President Christine Lagarde acknowledged that economic activity in the Eurozone has been weaker than expected. On the inflation outlook, Lagarde said low confidence, geopolitical tensions and low investment pose downside risks to inflation. Lagarde's dovish tone kept the euro under pressure in the second half of Thursday.
The economic calendar will not feature any high-impact data on Friday. Meanwhile, US stock index futures traded in positive territory during the European session.
🕯Technical Analysis
EURUSD has recovered at the end of the week after consecutive bearish pullbacks. The downtrend is still showing no signs of stopping as the bullish waves are still relatively weak. At least the pair must recover and close above the 1.095 area to be considered a broken downtrend. Watch the resistance zone when the price recovers around 1.095 and 1.103 for SELL signals. The extended pullback of the pair may extend to 1.072 before the bulls can jump in to prevent the pair from continuing to slide.
📈📉Trading Signals
BUY EURUSD 1.07200-1.07000 Stoploss 1.06800
SELL EURUSD 1.09500-1.09700 Stoploss 1.09900
I REALLY LIKE BITCOIN'S STRUCTURE But what we need to see first?As you can see, the beast has awakened in recent days, and the mother of all cryptocurrencies is back. It’s crucial to use Bitcoin’s analysis as a base because it’s the crypto that drives the entire cryptocurrency market in general. So, rest assured, if Bitcoin wakes up, the crypto market will be alive!
The Beast has awakened, and we are very close to $70,000. The key lies in two very important points that I will highlight in yellow on the chart.
Point 1 (P1): VOLUMETRIC CANDLE. The impulse of the volumetric candle that gave the price its bullish strength—these types of candles are the fuel that the price needs to propel itself and reach new highs.
Point 2 (P2): DIVERGENCE. If we look at the two EMAs (8 and 21), they are very extended. I use these EMAs as a reference to confirm there’s strength in the price. Whenever these two EMAs start to widen from each other, it's when the price begins to make a decision and show strength to either continue its trend or maintain momentum.
But hold on! Don’t celebrate just yet.
To reach the All-Time High, we’re likely to see one or two pullbacks first. It all depends on the volatility we’ll see in the coming days.
Our short-term goal is for BTC to reach $70,000, and after hitting that target, we’ll be very close to seeing BTC surpass its all-time high once again.
In my personal opinion, I think the most difficult stage for Bitcoin is not reaching $70,000, but surpassing $71,800 level
Let’s see what the week has in store for us.
Thank you for supporting my analysis.
Palantir Validated a Liquidity Zone, Whats Next? If you saw my previous structural analysis, I had mentioned that Palantir was going to hit an institutional liquidity zone, and for the first time in several years, using common sense, the price was going to face rejection.
And that’s exactly what happened...
The price hit my point of interest and dropped for 3 days. However, the last candle with which we closed the week was green and had enough volume.
Why is this? If we can see 2 candles before the close, we can detect a trap that created a long wick downward, preventing the price from falling further. That’s the detail we're seeing before the week’s close—the last candle was bullish. We also can’t ignore that Palantir is only about 2 weeks away from its earnings report.
So, I don’t think the price will make a decisive move just yet, and even if it falls further, it would likely be around 38.50. However, the earnings strategy that traders are waiting for, where Palantir accumulates and begins to rise, is very close. So, we need to be very alert as we approach its earnings report on November 4th.
Best regards, and thank you for supporting my analysis.
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our weekly chart idea that we have been tracking and trading over the last 3 weeks.
Previously we stated that we had a detachment to ema5 below, also inline with the channel top for a possible re-test for a correction, which was then completed by touching ema5 and followed with the bounce, as the channel top provided the support like we stated, perfectly inline with our plans to buy dips.
We also stated that we had a candle body close gap open to 2729 for our long range AXIS TARGET, which last weeks candle gave a nice push up for, allowing us to catch the move up and just fell short of a few pips, leaving this gap still open.
As stated before if the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close.
However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
USDJPY /BETWEEN FVG AREA / 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
The price is attempting to reach a Fair Value Gap (FVG) between 150.961 and 152.784. This suggests the price is in a critical area that could lead to potential buying or selling opportunities.
There’s a possibility of the price retesting 148.340 before starting to rise. This indicates that the author believes the price might dip before moving upwards.
The statement notes that the overall price is under bearish pressure, meaning there is a downward trend. The reference to remaining below the FVG indicates a struggle for the price to rise past this zone.
If the price does not break above the FVG, the analysis suggests it may decline further, targeting the FVG between 148.340 and 146.430. This is interpreted as a confirmation of a downtrend.
To confirm a downtrend, the price must break below the current FVG, aiming for a secondary FVG between 145.291 and 144.379. This indicates a bearish outlook if these levels are breached.
UPWARD FVG : 150.961 and 152.784.
DOWNWARD FVG : 148.340 and 146.430 , 145.291 and 144.379.
XAUUSD / BREAKOUT THE CHANNEL AND ATH AT 2,685$ / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
The asset is experiencing upward momentum after breaking out of a channel, suggesting a bullish.
The price has broken its previous ATH at $2,685 and is currently attempting to reach a new ATH at $2,700. ATH levels are significant as they represent new highs in price, and breaking them often signals bullish strength.
The price is hovering around a fair value gap between $2,685 and $2,682. As long as it stabilizes above this range, it suggests further potential for upward movement towards $2,700 and even $2,720.
If the price breaks below this FVG, it may decline toward a demand zone between $2,676 and $2,670. Breaking this demand zone would indicate a further decline.
Demand Zone : 2,676$ and 2,670$.
FVG : 2,685$ and 2,682$.
World gold prices reached record levelsWorld gold prices hit record levels as uncertainties surrounding the US presidential election and geopolitical conflicts in the Middle East sent investors looking for safe haven assets. Along with that, the loose monetary policy environment continues to keep gold prices at high levels.
Gold has seen gains of more than 30% this year, surpassing record levels, boosted by expectations the Federal Reserve will cut interest rates further after a 0.5% cut. % points interest rates last month and ongoing geopolitical uncertainties.
USD-Index - a measure of the strength of the greenback with a basket of major currencies - currently reaches 103.7 points, down 0.05% compared to before.
💎 TVC:GOLD sell 2710 - 2712💎
✔️TP1: 2690
✔️TP2: 2680
✔️TP3: OPEN
🚫SL: 2720
💎 TVC:GOLD buy 2690 - 2692💎
✔️TP1: 2710
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2683
Gold and Dollar both increased dramaticallyGoldman`s Chloe Garber instructed customers nowadays that Polymarket is priced at 60/forty, there's ~1.5% upside to 65/35 odds, and 4% disadvantage to 50/50 odds.
"I suppose there's a opportunity this pair should visit the July highs earlier than the election, however it might require a few horrible polls for Kamala Harris, while a variety of paintings has been done.
Clients are making a bet this route due to the fact a 60/forty marketplace going to a hundred delta continues to be an engaging proposition while a coin turn is simply hard."
Importantly, she introduced that this nearby Trump fashion hasn't been pushed through income revisions...revisions were barely terrible because the quit of July, so if 3Q incomes season matters, those shares should get affected.
Small Caps underperformed nowadays (for a change), however all of the majors ended properly off their highs of the day. The S&P ended unchanged and Nasdaq marginally better as The Dow hit any other document last high....
💎 XAUUSD sell 2710 - 2712💎
✔️TP1: 2690
✔️TP2: 2680
✔️TP3: OPEN
🚫SL: 2720
Gold Price Analysis October 18Fundamental Analysis
Gold prices rose above $2,700, hitting a fresh record high on Friday amid expectations of interest rate cuts and an easing monetary policy environment from major central banks. Moreover, persistent geopolitical risks stemming from ongoing conflicts in the Middle East, coupled with uncertainty surrounding the US presidential election, appeared to be boosting demand for the safe-haven precious metal.
The supportive factors have, to a large extent, offset the recent rally in the US Dollar (USD) to its highest since August, bolstered by growing acceptance that the Federal Reserve (Fed) will proceed with a modest rate cut. A stronger dollar tends to dampen demand for USD-denominated commodities, including Gold, which is still on track to post strong weekly gains and looks set to rise further.
Technical Analysis
Good morning traders. Gold continues to be at an all-time high. It is quite difficult to determine where the SELL zone is at the moment. We can only Scalp at the psychological port areas around 2720-2730. The important BUY zone is more clearly considered at
2675-2673. Before that, we cannot ignore the 2685 zone, the temporary all-time high for more than a month. Wish you a successful trading day
Gold price surges and sets new ATHThe European Central Bank (ECB) reduce hobby quotes extensively via way of means of 25 foundation points, in keeping with economists` expectancies.
The ECB stated falling inflationary pressures are developing situations to loosen economic coverage: "Inflation statistics suggests that the deflation technique is at the proper track."
similarly ECB easing withinside the first 1/2 of of 2025. "It basically stays that the ECB will supply a similarly 25-factor reduce at its December meeting, accompanied via way of means of comparable cuts in early 2025 till whilst deposit quotes reached a impartial stage of round 2% withinside the summer.
Gold charges are receiving robust help from secure haven call for and issues approximately escalating geopolitical tensions. In addition, expectancies that americaA Federal Reserve (FED) will hold to loosen economic coverage after reducing hobby quotes via way of means of 1/2 of a percentage closing month are increasing.
💎 OANDA:XAUUSD sell 2710 - 2712💎
✔️TP1: 2690
✔️TP2: 2680
✔️TP3: OPEN
🚫SL: 2720
GOLD - where is support now? Holds or not??#GOLD.. perfect move as per our video analysis and now market have again 2672 around as today supporting area
Keep close that level because if market hold it then in that case you can see further bounce.
Upsides areas area 2686, 2692, 2698 n 2706.
Good luck
Trade wisely
Dark Pool Buy Zones Explained with Pro Trader Nudge SignalsThis lesson is about how to identify when a hidden quiet accumulation of a stock is underway and how to prepare for the momentum runs that follow. NYSE:DIS is our example for today.
Dark Pool activity is explained in detail. Alternative Transaction System (ATS) Venues are called Dark Pools of Liquidity.
A Buy Zone is an extended period of hidden accumulation of often millions of shares of stock over several weeks to months.
Professional traders use these buy zones to enter on the penny spread and instigate a trigger of HFT gaps to the advantage of the pro trader. Learn how you can profit from this activity for swing trading or position trading.
$DOGS Trading Idea: Falling Wedge Breakout with Retest IncomingWe’ve just witnessed a classic breakout from a falling wedge pattern on BINANCE:DOGSUSDT . After an extended downtrend, marked by lower highs (LH) and lower lows (LL), the asset broke through the wedge resistance, signaling a potential bullish reversal. This pattern, known for its bullish nature, often indicates an upcoming shift in momentum from sellers to buyers.
Key Levels & Strategy:
Entry Point: The optimal entry for this trade would be around the 0.001030 area, which coincides with an order block (OB) just below the current price action. This level presents a good opportunity as we expect DOGSUSDT to retest this zone before making its move upwards.
Stop Loss: For risk management, consider placing your stop loss slightly below the OB. There are two scenarios to accommodate different leverage profiles:
High Leverage Traders: Use a stop around 0.001010 to manage the increased risk.
Low Leverage Traders: A more conservative stop should be set around 0.000974 to allow room for volatility.
Take Profits: Scaling out profits is key in volatile markets like DOGSUSDT. Here are the take profit (TP) levels:
TP1: 0.001163, aligning with a strong resistance point.
TP2: 0.001346, marking the next major liquidity zone.
TP3: 0.001659, the upper target where DOGSUSDT could reach if bullish momentum sustains.
Market Sentiment:
The overall market structure has been shifting in favor of the bulls after several CHoCH (Change of Character) moments during the downtrend, hinting that bears are losing strength. The falling wedge breakout further supports the case for an upside movement. In such scenarios, patience is key as we wait for the retest of the OB and the market to confirm bullish momentum.
SUIUSDT Trading Setup: Order Block Retest with Bullish ContinuatWe’ve identified a compelling trade setup on BINANCE:SUIUSDT , showing potential for bullish continuation. After establishing a solid order block around 0.7700, price action suggests an upcoming retest of this zone, which could be followed by a strong upward move.
Key Levels & Strategy:
Entry Point: The recommended entry lies around 0.7700, a critical order block (OB) zone where demand has previously stepped in. The price has tested this level before, and another successful retest could lead to a bounce upward.
Stop Loss: Risk management is crucial to protect your position:
High Leverage Traders: Consider placing your stop loss at 0.7606, just below the OB, to safeguard against potential volatility.
Low Leverage Traders: Opt for a safer stop loss at 0.7406, allowing more breathing room for the trade to play out.
Take Profits: Scale-out profits at the following levels:
TP1: 0.8088, a minor resistance area where traders could lock in initial profits.
TP2: 0.8360, an intermediate target where previous liquidity zones reside.
TP3: 0.9642, a higher target where bulls could aim if momentum sustains.
Market Sentiment:
The price action is currently forming higher lows, indicative of underlying bullish strength. Additionally, the potential order block retest around 0.7700 gives us a clear entry point, supported by the upward momentum that could push price towards the upper resistance targets. This setup aligns well with the broader market trend, where buyers seem to be taking control after periods of consolidation.
BTCUSDT H4After the intersection of the moving average levels 200 and 50 in the general upward direction and breaking the resistance levels at 6500 and 66000, stability above them strongly supports the upward trend. Accordingly, we are looking to buy after the first decline in the buying area from levels 64900 and 63800 with a stop loss of an hourly candle below levels 63600 with large targets extending to levels 70000 and 76580.