Today - In a jaw-dropping turn of events, roared back to life at the beginning of this week, stunning market participants with an electrifying surge of 3.8%. The rapid ascent sent shockwaves through the crypto market, resulting in an avalanche of totaling a staggering $75.23 million within the last 24 hours alone.
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The BB lower band is nearby so NATGAS 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 3.457.
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Previous week’s green candle means that for us the GOLD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1853.913.
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USD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 146.506 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/JPY pair.
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EUR/USD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.049 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
In comparison to USDJPY, EURJPY looks bearish to me,
After a test of a significant daily resistance,
the price formed a head and shoulders pattern on that and broke its neckline.
We see its retest now.
Probabilities will be high that the market will drop.
Goal - 156.7
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Gold created a BIG move to the downside
Market now needs time to transfer orders from
WEAK to STRONG hands.
Don't be Weak hands, realise that many times
that perfectly FINE to walk away from the
market when conditions is unclear.
Don't buy into all the signals telling you to buy or
sell immediately
Let's wait for clear market direction to reestablish
and then...
#EURUSD
We definitely have a strong short context confirmation on all timeframes, as well as the absence of working with liquidity below
Target is PDL - the question of timing
EUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will...
Gold Analysis October 16: War risk sentiment supports Gold price
- Fundamental analysis:
Gold had the most exciting trading session of 2023 when it increased from 1868 to 1932. The war between Israel and Hamas suddenly escalated when the Israeli government warned more than 1 million in northern Gaza to evacuate the area. Haven products such as Gold are supported...
At least 30 US citizens died in the Israeli-Palestinian conflict
According to CNN, on October 15 local time, a US State Department official said at least 30 US citizens were killed in the conflict between Palestinians and Israel. The official said the United States is "cooperating with the Israeli government on all aspects of the hostage crisis, including sharing...
BUY ABOVE - 44340
SL - 44280
TARGETS - 44430,44550,44670
SELL BELOW - 44210
SL - 44300
TARGETS - 44120,44040,43960
NO TRADE ZONE - 44210 to 44340
Previous Day High - 44550
Previous Day Low - 44210
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle...
Bitcoin's (BTC) short-term recovery faces a key hurdle just above $27,000. The leading asset's sharp reversal from $28,200 has resulted in a 5% loss in value.
💥 Technical analysis on October 16:
👉 XAU/USD
. Bar D1 last Friday's price increased sharply, causing fear of war in the Middle East to spread throughout the Middle East region. Gold prices increased sharply from 1780 to 1930. Last weekend the market did not create any syntactic GAP, the war information had nothing new to create the next mature Gold market. This...
Meanwhile, the Euro has fallen sharply from a high of 1.0640. Therefore, the recovery correction has ended and a broader downtrend will take place in the medium term. The Euro could fall to 1.04 - a very important support level for this currency. A break of 104 could drag it down to the 1.03 mark and even lower. The 1.06 level could now act as a good resistance.
Kitco News's latest weekly gold survey shows that market analysts and retail investors expect gold to continue to increase in price in the week ending October 20.
Specifically, among Wall Street analysts who consulted the survey, 72% forecast that gold prices will increase this week. 72% of retail investors who participated in Main Street virtual tours shared the...
