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Gold Next Week Analysis H1 ChartThis is my technical analysis and not a guaranteed signal. Please take entries at your own risk. Based on the chart, there are two possible scenarios, so proceed with caution. 1. Follow the Trendline: If gold respects the trendline, we can look for buying opportunities with a target around 4160. However, if gold breaks below the trendline, we should consider selling. Keep in mind that if gold breaks the trendline for the first time, we should wait to observe the next move before entering a trade. If gold fails to break above the trendline afterward, we can then take a sell position. 2. Support at 4053: If gold reaches 4053, this level may act as support. We can look for buying opportunities from this price as long as gold does not break below it. If gold breaks this support level, we should wait for a retest of the area before making a decision. For further clarification, please refer to my technical analysis chart. Thank you.
OANDA:XAUUSD
by YasirAbbasiUK
Analysis of Bitcoin's Current TrendThe current price is hovering around 111100. On the surface, it seems to be in a high-level oscillation, but in reality, the short selling force is more dominant. There are mainly two supporting logics: 1.Weak upward momentum, with obvious pressure: From the recent trend, the price has repeatedly attempted to break above 112000 but failed to hold, and the range of 111500 - 112000 has a large amount of selling pressure, like "running into the ceiling". Moreover, although there was institutional capital inflow to push up the price before, it has now lost momentum and cannot rise further, indicating that buying power is weakening, and a correction is likely to occur. 2.The overall trend is weak: Both the daily chart and the four-hour chart show that although the price has rebounded, the strength is getting weaker, and the upward pressure is constantly being compressed. It is difficult for there to be a large upward space in the short term, and the possibility of a decline is greater. Today's Bitcoin Trading Strategy BTC @sell111500-112000 tp:109500-108500 sl:113500
BITSTAMP:BTCUSDShort
by Ryan_Lewis1
QQQ (24 October)QQQ is at the top of its 20d ±3 % envelope, a “momentum, but stretched” setup Expect minor cooling or sideways action early next week, then potential continuation toward $625-$628 once the moving average catches up 20d MA ~$605 is upward-sloping which confirms a healthy intermediate uptrend Envelope width is about 36 points (~6%), normal for a trending QQQ environment Price hugging the upper envelope means momentum is strong, but stretched In past rallies, when QQQ closed near or slightly above the +3 % band, it tended to consolidate or pull back toward the MA within 3-6 sessions, or trade sideways until the moving average "catches up" Since May, you can see about 4-5 touches of the upper band Each touch was followed by a 1-2 % fade lasting a few sessions The moving average acted as dynamic support; deeper corrections only came after the slope flattened That rhythm is still intact so this looks like another case where bulls may pause, but not reverse $618-$620 Upper envelope resistance/overbought 55% chance of stall or mild fade $610-$612 First support (mean reversion) 30 % chance of retest $600-$605 20d MA & lower-band base 15 % chance unless news shock Bias is still bullish; trend intact above the 20d MA, but short-term is slightly overbought so expect digestion rather than acceleration Taking partial profits or tightening stops near +3% band often pays better than chasing new highs Theta decay accelerates if price chops sideways here, so shorter-dated calls can flatten out quickly Waiting for a dip toward $610-$612 offers a higher-reward entry aligned with the 20d MA
NASDAQ:QQQ
by pakoumal
Analysis of Oil Prices Trend Next WeekI. First, understand: The "core issue" of oil prices next week, both rising and falling, have reasons for their movements. Currently, the oil price stands at 61.41. It just experienced a 5% surge on Thursday, but the increase was "unsteady". The essence is that "short-term positive factors are supporting it, while long-term negative factors are pressing on it". Next week, it will be influenced by three key points: 1.Short-term positive factors: Geopolitical sanctions "just started", which can support the price. The EU and the United States just issued new sanctions against Russia last week, directly targeting the energy industry. The two major Russian oil giants account for 50% of exports. The market is afraid of supply disruption, just like when the sanctions were implemented before, Indian buyers immediately suspended their purchases of Russian oil and turned to buy oil from the Middle East, and the spot price rose by 3% on the same day. In addition, US inventories have dropped by 960,000 barrels, and refinery operating rates have risen to 88.6%, indicating that "oil is used more than it is stored", and there will be no significant decline in the short term.​ 2.Long-term negative factors: Oil-producing countries "continuously increase production", and when it rises, it must be brought down. OPEC+ will increase production by 137,000 barrels per day next week. This is the eighth consecutive increase. The cumulative increase is 2.5 million barrels per day, equivalent to the output of an additional small oil-producing country. More troublesome is that institutions predict that supply过剩 will reach 4 million barrels per day next year, equivalent to 4% of global demand. In the long term, oil prices will not rise at all, and may even fall to around 50 US dollars.​ 3.Market sentiment: "Retail investors are chasing the rise, while institutions are withdrawing their funds", the fluctuations will be significant. Currently, 82% of traders are buying the rise, it looks very hot, but the long positions of institutions are decreasing - this is like "a group of people rushing forward, while the leader is quietly retreating". Reflected in the price is: when it hits above 62 US dollars， there are sell orders coming down， when it drops to 61， there are buy orders coming in， next week it is likely to swing back and forth between 60-63， it will not rise or fall in a single direction. Crude Oil Trading Strategy for Next Week usoil @buy 60.5-61.0 tp:62-62.5 SL:59.5
TVC:USOILLong
by Ryan_Lewis1
$LINK (DAILY): GOLDEN POCKET support / 200 MA fightBIST:LINK on its WEEKLY chart: still a text-book BAT reversal intact, below the 50 MA, and just continuation to the downside. High selling volumes recently and essentially reverting back to its mean (200 MA on 1W at $12.8), although that's a long term chart. We need a look on the DAILY to get a better idea if a reversal to the upside is an option soon. 1D chart is showing a fight to stay above a combo of crucial pivots: 1) 200 MA at $17.7, key moving average, for many traders, especially institutional: bear/bull boundary 2) horizontal support/former resistance $17.4 3) GOLDEN POCKET of the move that took the price from JUNE lows ($11) all the way up to the AUGUST top ($28). OBV on the DAILY had two minor HIDDEN BULLISH divergences while the price was finding support in the pocket, that's interesting to see. Holding the green 200 MA is the most important thing for now, no reversal yet, but if it was to remain a BULL MARKET asset, the BUYERS must step in immediately. Close below the GOLDEN POCKET and we should see $14.6 and possibly $12.8 if that doesn't hold. LONGS only above $19.5, I need to see a BULLISH market structure change to do anything here. 👽💙
by ColdBloodedCharter