Gold Price Today: USD Strength Causes Sharp DeclineGlobal gold prices have sharply decreased as the USD Index rose to 105.5 points, marking the dollar's highest level in over four months.
The decline in gold is largely driven by the strength of the USD and rising Treasury yields.
Additionally, a steep drop in crude oil prices to $68 per barrel and gains in U.S. stocks have shifted investor interest toward energy and equities.
Consequently, investment in precious metals remains low, further pressuring gold downward.
The short-term bearish trend is expected to continue, with more selling anticipated
Buy
DOGE Dogecoin BreakoutIf you haven`t bought DOGE before the previous breakout:
nor sold the top:
Now you need to know that is primed for a new rally!
Dogecoin appears poised for a new rally after breaking out from a falling wedge pattern, a bullish technical indicator. The wedge typically signals a reversal from a downward trend, suggesting upward momentum. As the breakout solidifies, Dogecoin could target the $0.22 price level, a significant resistance zone. Strong buying volume following the breakout could fuel the rally, supported by renewed interest in the meme coin and broader market sentiment.
SOLUSDT : Uptrend channel continues to operate SOLUSDT is currently trading within an ascending channel, as indicated by the price's movement along the parallel trendlines. The chart shows a potential for price retracement towards the channel's lower boundary near the $200.20 level, where a support zone is established. If this support holds, the price might experience a rebound back towards the upper trendline of the channel, targeting higher levels around $215 and above.
The moving averages also support the overall upward trend, with a potential bounce scenario that could confirm the continuation of the bullish structure within the channel.
BTCUSDT: Strong Buy Opportunity on Key Support RetestBTCUSDT is trading around 81,230 USDT, with bullish momentum showing signs of a potential pullback toward the support zone between 79,113 and 77,188 USDT (highlighted in blue). This area has consistently acted as a solid support and aligns well with the moving average, suggesting a favorable entry point for buyers.
A pullback to this zone presents an ideal buying opportunity, with the potential for BTCUSDT to bounce back strongly and push toward new highs above 82,000 USDT. The expectation is for BTC to maintain its bullish trend upon reaching this support, providing an attractive setup for long positions.
ET Energy Transfer Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ET Energy Transfer prior to the earnings report this week,
I would consider purchasing the 16.50usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $0.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
US30 Will Go Up From Support! Buy!
Here is our detailed technical review for US30.
Time Frame: 17h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 44,172.7.
Considering the today's price action, probabilities will be high to see a movement to 44,971.3.
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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USDJPY Will Go Up! Long!
Please, check our technical outlook for USDJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 153.692.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 157.722 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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BITCOIN Is Going Up! Long!
Here is our detailed technical review for BITCOIN.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 76,455.27.
Considering the today's price action, probabilities will be high to see a movement to 78,368.39.
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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GOLD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the GOLD 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 2,789.654 level.
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GBP/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/JPY is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 198.124 level.
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ETHUSDT: Strong Bullish Breakout with Target at $3,550ETHUSDT has recently shown impressive bullish momentum, breaking out of a prolonged descending channel. Currently trading around $3,171, Ethereum has surged past key resistance levels, signaling a potential continuation of its upward trajectory.
The breakout from the descending channel suggests a bullish reversal, with a likely target near the $3,550 mark (highlighted in the green area). This target aligns with the upper boundary of the channel and represents a major resistance level.
Technical indicators and moving averages support this bullish outlook, as Ethereum gains strength above its moving averages. Traders looking for long positions may consider buying on any minor pullbacks toward $3,000, aiming for a target of $3,550.
Gold Prices Today: Sharp Drop at Market OpenOn the morning of November 11, gold prices opened at $2,674 per ounce, down approximately $10 from the previous week's close. This sharp decline followed the recent election, sparking a wave of investor sell-offs and raising concerns about the future direction of the precious metal.
The decline may persist for about six weeks, but medium- to long-term demand is expected to rise. Many central banks are continuing to diversify their assets with gold to reduce dependence on the US dollar. Additionally, the Federal Reserve and other central banks may maintain accommodative monetary policies to support slowing economies, potentially creating favorable conditions for gold prices to rebound in the future.
EUR/USD: Euro Struggles Amid UncertaintyThe EUR/USD pair continued its decline for a second consecutive session, trading around 1.0720 during Monday's Asian trading hours. The pair was pressured by a stronger U.S. dollar and political uncertainty in Germany.
If Trump's fiscal policies are implemented, they could boost investment, spending, and labor demand, raising inflation risks. This might lead the Fed to adopt more restrictive monetary policies, strengthening the dollar and further pressuring EUR/USD.
Currently trading near 1.07, the pair could decline further if the Fed continues to tighten monetary policy. However, technical indicators hint at a potential mild recovery.
The near-term outlook for EUR/USD depends on signals from the Fed and ECB interest rates. While the ECB maintains its accommodative monetary policy, strong regional data or any Fed policy shifts could support a short-term rebound in EUR/USD, despite ongoing market volatility.
ARTYFACT WILL KEEP GROWING|LONG|
✅ARTY/USDT is a great coin to watch
As we are entering the Altcoin season
Again as it has proven itself already
By making over 80% in a recent bullish
Move up.
And we are expecting more gains
Due to the big players entering coin
On the rumors that ARTY will be
Available for use in Epic Games,
XBOX and PlayStation stores.
Which will certainly give the coin
A great boost with the nest
Two likely targets being 1.000
And 1.4000 levels respectively
LONG🚀
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Saved by support and bulls are still strongSmall flash drop; dont look too bad just a small retrace
From 3170 should be able to break above 3250
I be expecting for ethereum to hit 4000 first since now at 3000; eyes on 4000 then 5000.
Since bitcoin hit over $80K that means Ethereum could hit $10K this year; for trading view if you place margin $50 to hit $10K then your profit will hit over $10K , margin 102$ thats about over $20K profit. I still stick ether two margin if i were you on TradeLocker.
Lets get rich together ! Be sure to use proper risk management
XAUUSD 10/11/24XAU Followed our newly established selling buyer last week, a clear shift to the downside. Of course, this was helped by the US election and the results. We now have the same scenario and the same bias in place. We have one area of supply that has already been tapped into. We have 2 liquid highs that are situated at that area of supply and then a higher point of supply which is untapped. Now ultimately we aim for the low as always a pullback is not necessary, but this is gold. So there is a scenario that all these points for selling will fail and we will then aim for the all time high. Our current bias is bearish if this changes during the week and we will update everybody. if it does not we will continue to sell this down to lower pricing before institute becomes interested once again.
Follow your plan and stick to your risk!
EURUSD 10/11/24Last week’s shift in the EU bias changed our view from short to long. However, as we always say, high-impact fundamentals can move the market, sometimes in line with our bias and sometimes against it. In the case of the U.S. election, the result pushed prices lower. This happened because the USD gained significant strength when the new president was elected.
Now, we're back to our more favorable sell bias. With the recent shift lower, the higher timeframe aligns with this bias again, allowing us to target last week’s lows. We have several points to watch for a bearish shift: the supply area in the middle of our current range and the two highs at the top of the range from Friday’s 4:00 AM move. If these highs are taken, we expect price to sell off and continue down to our target lows.
There's a possibility of price moving up to the major high we’ve marked, but this is unlikely given our bearish bias. If this happens, we’ll still aim for the target low. A pullback would give us an even better position to sell into that low. As it stands, we have a relatively large fundamental range, so price may fluctuate within this range for some time.
Follow your plan and stick to your risk!
ETH Eyes $3,000: Bullish Breakout Signals More Gains AheadBINANCE:ETHUSDT has recently broken out of a descending channel, surging above the 2,900 USDT level. This breakout suggests a strong bullish momentum, with the price now targeting higher resistance levels.
The next key area to watch is the support zone around 2,800 USDT (highlighted in purple). If ETH pulls back and successfully retests this zone, it could confirm the breakout and set the stage for another upward move, possibly toward the 3,000 USDT mark or higher.
This setup indicates a bullish outlook for ETH, with the support level at 2,800 USDT acting as a potential entry point for traders looking to capitalize on the next leg up.
BTCUSDT Trading Strategy TodayBTCUSD is trading around 75,838 USD, showing strong upward momentum with potential for further gains. The chart highlights two critical support zones: Support 1 around 74,000 USD and Support 2 near 72,400 USD.
If BTCUSD experiences a pullback, these support levels could act as launching points for another upward move. Holding above Support 1 would strengthen the bullish outlook, targeting the resistance around 76,700 USD and potentially higher.