Gold Rally Nears Key ResistanceSpot gold rose by $21.1 to $2,669.5/ounce, while gold futures climbed $23.5 to $2,672.5/ounce. This marks the fourth consecutive session of gains, reaching its highest level in over a week, driven by strong safe-haven demand.
Key drivers include Nvidia's gloomy revenue forecast, escalating tensions between Russia and Ukraine, and the U.S. veto of a UN Security Council resolution on a ceasefire in Gaza. These factors have shifted investor interest towards gold as a safe-haven asset amidst growing uncertainties.
Notably, gold prices have surged by 4% this week, the best weekly performance since April, rebounding from the sharpest drop in three years. Personally, I believe the next target is breaking the $2,700/ounce resistance level, potentially paving the way for further gains.
What about you? Do you think gold will conquer this critical milestone?
Buy
USDCHF Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88400 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.88400 support and resistance zone.
Trade safe, Joe.
PAH3 - Opportunity to Buy a cheap Porsche? Stock - not a car :(GETTEX:PAH3
Quick Description of this stock:
PAH3 is the ticker symbol for Porsche Automobil Holding SE (Porsche SE). Holding company that primarily owns a significant portion of Volkswagen Group's shares and exercises 53,3% of voting rights in Volkswagen.
When you invest in PAH3 you are more exposed to Volkswagen's than Porsche AG's direct operations. These shares provide exposure to the broader automotive industry via VW's portfolio including Audi, Bentley, Lamborghini and others.
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Same as Porsche AG (P911) stock, we can see significant drop in price.. The highest point that price reached in 2024 was around 52.28 per share, with today's drop in price this marks 35.79% drop in 2024!
As we can see on the chart ( I am using Monthly chart as this is a longterm investment and analysis) price is currently in the historic Demand Zone from where it bounced back up. Depending on how this monthly candle closes we may witness history repeat itself or we are going lower to the All-in Zone even better zone to invest.
I called it All-in Zone as I think this stock is a great investment opportunity for those who wish to enter this market. You now have a chance to buy at price that we havent seen in 4 years! If we reach to the All-in Zone you will have a chance to buy this stock at a price that we havent seen since 2010 or even 2003 if we reach bottom of the zone.
Nobody really knows what will happen with VW group and I am not here to make predictions or wild guesses. I just look at the chart and price history and look at where we might go next, I love technical analysis.
So I started buying these stocks same as P911 each month... There is no guarantee for anything and this may be a really good opportunity. As there is big profit potential ! And if we go lower? You will just get a better average buy-in price.
For those who are willing to take the risk and have some connection to the car industry - like me.. This may be a good investment in the long run.
Also do not forget that owning this stocks Porsche will be paying you dividends once a year!
Patience is the key! Play it smart!
EUR/USD Pressured: Bears Eye Further DeclinesThe EUR/USD pair remains under selling pressure as it hovers near the 1.0550 level, unable to break free from its bearish trajectory. The chart reveals a clear head-and-shoulders pattern, indicating potential downward movement. The pair recently tested the support zone around 1.0530, and while minor recoveries have occurred, they have been capped by the resistance at 1.0567, aligning with the 50-period EMA.
With a failure to sustain above the resistance levels, sellers could push the price further downward. A break below 1.0530 might pave the way for a retest of the 1.0500 psychological mark, and potentially lower, as momentum indicators signal growing bearish sentiment.
For buyers to regain control, a decisive breakout above 1.0567 would be required, invalidating the current bearish structure. However, the dominant trend remains firmly in favor of the bears, suggesting further downside risks ahead.
Gold price continues to increaseGold prices continued their upward adjustment today, marking a three-day streak of gains as heightened risk aversion fueled demand for safe-haven assets. This impressive rally comes despite the strengthening U.S. dollar, showcasing the precious metal's resilience in uncertain market conditions.
So far this week, gold has surged over 3.40%, with bullish momentum driving prices closer to the key $2,700 mark. As investors seek refuge from mounting geopolitical tensions and economic risks, gold remains firmly in the spotlight, reinforcing its role as a reliable hedge against market volatility.
US500 Will Go Higher! Long!
Please, check our technical outlook for US500.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 5,902.9.
Taking into consideration the structure & trend analysis, I believe that the market will reach 6,123.9 level soon.
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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USDCAD Will Move Higher! Buy!
Take a look at our analysis for USDCAD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.396.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.403 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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EURAUD Is Bullish! Long!
Please, check our technical outlook for EURAUD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.619.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.625 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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EUR/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the EUR/CAD with the target of 1.489 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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Gold Prices Rebound but Bearish Trend DominatesGold prices extended their recovery momentum on Wednesday, gaining over 70 pips during the early session and hovering around $2,639.
While the precious metal shows signs of short-term strength, the broader trend remains favorable for sellers. Gold’s recent rally stems from a weakening U.S. dollar, as investors took profits following last week’s sharp dollar gains. Since gold is dollar-denominated, a weaker dollar makes it more attractive to buyers using other currencies.
Geopolitical tensions also continue to provide support, with the next target set at the $2,665 resistance level. Should gold breach this level, further recovery may follow. However, if resistance holds, the primary bearish trend suggests prioritizing selling opportunities.
EURUSD Is Very Bullish! Buy!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.056.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.057 level soon.
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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GBPUSD Is Going Up! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.266.
Considering the today's price action, probabilities will be high to see a movement to 1.281.
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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AUDCHF Will Go Higher! Buy!
Here is our detailed technical review for AUDCHF.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.573.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.576 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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EUR/USD BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.095 area.
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EURUSD today The EURUSD pair remains under significant bearish control, consolidating just above the critical support level near 1.0527. Despite a slight recovery, the overall trend continues to favor sellers, with the recent pullback likely to face resistance around the 1.0775–1.0868 zone.
Key Technical Insights:
Downward Momentum: The pair has been unable to sustain any significant upward movement, with each rally being met by selling pressure, maintaining the dominant bearish structure.
Resistance Levels: The 1.0775 and 1.0868 zones represent formidable barriers, with a rejection at these levels expected to reinforce the downward trend.
Target Levels: A breakdown below 1.0527 could open the path toward the psychological level of 1.0500 and further extend losses toward 1.0300.
Outlook:
Traders should monitor any attempts to retest the resistance zones for potential sell opportunities. As long as EURUSD remains below 1.0775, the pair is likely to stay on its bearish trajectory.
SILVER Will Go Higher From Support! Buy!
Please, check our technical outlook for SILVER.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 31.396.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 31.547 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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GBPCAD Will Go Up From Support! Long!
Take a look at our analysis for GBPCAD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.772.
The above observations make me that the market will inevitably achieve 1.782 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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GBP/NZD BULLS ARE STRONG HERE|LONG
Hello, Friends!
We are targeting the 0.978 level area with our long trade on GBP/NZD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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CAD/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 111.487 level.
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NZD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
The BB lower band is nearby so NZD-JPY is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 91.996.
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CHF/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
Previous week’s red candle means that for us the CHF/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 176.198.
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