GOLD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
GOLD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a classical trend following opportunity for a long trade from the support line below towards the supply level of 2,790.303.
✅LIKE AND COMMENT MY IDEAS✅
Buy
AUD/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are going long on the AUD/JPY with the target of 100.544 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.
✅LIKE AND COMMENT MY IDEAS✅
Gold Futures Near the 2,800 USD MarkGold prices reached a peak of 2,788.89 USD/oz on October 30, fueled by U.S. election uncertainties and expectations of a Fed rate cut.
Gold is surging, approaching the strong resistance level at 2,800 – a “wall” that could halt the rally and trigger a pullback.
On the other hand, support levels at 2,747 and 2,717 are ready to act as “fortresses” if prices retreat to these levels.
A smart strategy is to wait for the price to hit resistance for a potential short, or to buy at support, capitalizing on a possible rebound.
Don’t forget to set a reasonable stop-loss – in this game, a single slip could shift the entire market landscape!
Gold Price Maintains Uptrend With EMA SupportGold is currently trading around $2,787/ounce, supported by the EMA(34) and EMA(89), indicating that the uptrend is dominant. The chart shows that the price is in a stable uptrend channel, with strong buying pressure.
The nearest resistance level may create a short-term correction, but if the price continues to break and maintain above the EMAs, the long-term uptrend is likely to continue.
The driving factor for gold's rise comes from the upcoming US presidential election on November 5, raising concerns about the possibility of political instability. The market is reflecting these concerns by increasing demand for gold - a safe-haven asset amid geopolitical risks.
$AIC AI Companions Cryptocurrency listed on a tier 1 exchangeCSE:AIC AI Companions announced that it will soon be listed on a tier 1 exchange following the completion of its first smart contract audit report.
The CSE:AIC cryptocurrency is gaining momentum as it continues to attract attention in the rapidly evolving world of artificial intelligence and blockchain technology. Recent insights from the AIC Whitepaper highlight the project's innovative approach to integrating AI companions into daily life, which could redefine how individuals interact with technology.
At the core of CSE:AIC ’s vision is the creation of AI-driven companions designed to enhance user experiences across various sectors, including healthcare, education, and personal productivity. This forward-thinking initiative not only addresses the growing demand for personalized AI solutions but also positions CSE:AIC as a pioneer in leveraging blockchain technology to ensure secure and transparent interactions between users and their AI companions.
The scalability of the CSE:AIC platform could be a significant driver for its adoption. As more users recognize the benefits of AI companions, the demand for CSE:AIC tokens is likely to rise, fueling positive price momentum. The roadmap outlined in the whitepaper indicates a strong vision for future development, including partnerships and integrations that could expand the utility of CSE:AIC beyond its initial applications.
GOLD Will Grow! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2,782.14.
The above observations make me that the market will inevitably achieve 2,800.00 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.
Like and subscribe and comment my ideas if you enjoy them!
Gold Prices Surge, Testing the 2,800 Resistance LevelGold reached a peak of $2,771.61/oz on October 29, driven by political uncertainties and expectations of a Fed rate cut, climbing 0.9% to $2,766/oz.
Currently, gold remains in a strong uptrend, approaching the critical resistance level at 2,800 – a barrier that could put pressure on further growth.
However, the support zone at 2,700, along with the trendline, acts as a potential “launchpad” if there’s a slight pullback.
A smart strategy is to wait for a pullback to this support zone to buy in, capitalizing on a possible rebound.
Don’t forget to place a stop-loss below the support level, as in this game, a single slip could shift the entire market landscape.
EUR/USD Consolidates Before Continuing UptrendBased on the EUR/USD chart, there are signs of a "Cup and Handle" pattern forming. The price is currently fluctuating around the resistance at 1.0826 and the support zone near 1.0770. The trend suggests that the price will likely continue to move in a narrow range before it can break the resistance and move into the next uptrend. If the price breaks this resistance, we can expect a strong increase, but in the short term, the fluctuation in this zone will continue.
Gold Price Rises Strongly Amid US Political Uncertainty ConcernsBased on the current factors, I see gold prices in an uptrend and trading within a solid bullish channel, with the EMA (34) and EMA (89) supporting below. The main driver is political uncertainty in the US, along with concerns about fiscal deficits and safe-haven demand amid geopolitical tensions. News of hedge funds buying an additional 15 tonnes of gold last week further reinforces this trend.
Currently, the price is at $2,778/ounce, but if it approaches the upper resistance line of the bullish channel, the price may correct slightly before continuing the upward trend. However, if the political situation continues to escalate, the possibility of breaking the resistance and reaching higher levels is very high.
Dow Jones Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring US30 for a buying opportunity around 41900 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 41900 support and resistance area.
Trade safe, Joe.
$MATH at the crossroadsNASDAQ:MATH doesn't always respect trends and has even broke through them before without much fanfare. It has been idle for awhile now and converging on decision time. If it breaks down, I do not expect it to go lower than my green buy box. However, if it breaks up, I do think it will hit some nice take-profits. Dream scenario is the end of my zig-zag line. Lol.
CHF/JPY: Bullish Momentum Builds Amid Market SentimentContrarian Signal Boosts CHF
With 82% of traders positioned short on CHF/JPY, a strong bullish contrarian signal has emerged, pushing the pair upward as short-covering fuels gains. Technical support around 175.00 has held firm, reinforcing the bullish trend. Favorable Swiss economic stability vs. Japan's dovish policy further supports CHF’s strength in the near term.
Gold Potential UpsidesHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2745 zone, Gold is trading in trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2745 support and resistance area.
Trade safe, Joe.
NAS100 Will Go Up From Support! Long!
Take a look at our analysis for NAS100.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 20,379.97.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 20,800.00 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPJPY Will Move Higher! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 199.119.
The above observations make me that the market will inevitably achieve 199.813 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.
Like and subscribe and comment my ideas if you enjoy them!
Gold Targeting 2,758 - Buying OpportunityGold (XAUUSD) is in an uptrend, reinforced by the EMA (34 and 89) lines below the price and a strong upward trendline as support.
The key resistance level at 2,758.006 is likely the next target. If the price slightly retraces to the trendline and rebounds, or if it breaks through this resistance, the uptrend is expected to strengthen.
This presents a potential buying opportunity if the price reacts positively at the trendline or gives a clear breakout signal at resistance.
Investors should monitor upcoming economic events, as these could cause significant volatility in gold prices.
USDJPY Is Going Up! Long!
Take a look at our analysis for USDJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 151.777.
The above observations make me that the market will inevitably achieve 153.232 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.
Like and subscribe and comment my ideas if you enjoy them!
NZD/CHF BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
NZD/CHF pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H 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 0.525 area.
✅LIKE AND COMMENT MY IDEAS✅
EUR/GBP BULLS ARE STRONG HERE|LONG
Hello, Friends!
Bullish trend on EUR/GBP, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 0.833.
✅LIKE AND COMMENT MY IDEAS✅