👑 Ideas For #XAUUSD / #GOLD
📈 Bullish flat (consolidation). News ahead
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GOLD corrects to 2713, confirming strong support. We talked to you about the risks yesterday. Bulls have been actively buying the metal since the start of the Asian session, hinting at strong support...
Further gains in gold remain dependent on the upcoming PMI and jobless claims data. Traders are awaiting information on the state of the global economy, which will influence the short- to medium-term strategy against the dollar and gold...
Market nervousness ahead of key reports in the US and the presidential election will also play a role. Any potential decline in the gold price is likely to be contained for several reasons: the BRICS summit, the US elections, the ongoing Middle East conflict. In this case, gold acts as a safe haven.
Resistance levels: 2748, 2758, 2775
Support levels: 2729, 2713
ATH may be tested in the near future. Further news and high volatility, high risks may provoke profit-taking, which may bring gold back to support. And after correction the growth may resume due to strong enough interest from buyers....
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#USDJPY switched to a quick sprint to levels above ¥152 early Wednesday morning. The yen's fall was part of a broader effort by the dollar to shake up trades in the Asian currency market.
Prospects of a gradual decline in US interest rates are supportive for the dollar - rates that remain higher for longer imply higher yields on dollar-linked assets such as bonds.
Going deeper into the dollar-yen trade, a nice technical configuration has just formed on the chart. The 200-day simple moving average (SMA), an indicator of long-term trend direction, broke through a bullish swing today. This means that the dollar bulls seem willing to try to take the pair to higher levels, while the bears will have to work harder to bring the dollar down.
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💡 Ideas For #EURUSD 🇪🇺🇺🇸
📈 Is a 300 pips drop not the limit? What's next?
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EURUSD reaches an important target. As part of the realization, the price passes 300 pips. The fundamental background for further rate cuts is generally favorable
The strengthening economy in the U.S. combined with a growing dollar (extreme rally of the index), the rate of interest rate cuts in Europe are doing their job. The fundamental background for the currency pair is weak, accordingly, in relation to this situation, in the medium term it is worth considering the continuation of the decline.
The price reaches 1.078 - the liquidity zone. The pool of liquidity below this zone can push the price away, forming a correction to the imbalance zone, or to the local maximum, from which we can further consider the continuation of the fall.
Resistance levels: 1.085, 1.087
Support levels: 1.078, 1.067
The last time the level was tested in early August. This fact in tandem with an aggressive fall of 3% may form a rebound due to the lack of technical potential to break the support level. Consolidation or correction may allow the market to accumulate strength...
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#EURUSD continued its weekly decline on Monday. Not much is happening to support the Euro, and both sides are pretty open about it - the ECB cut interest rates last week for the third time in a year and has said it will do so many more times
The dollar's rise is underpinned by the resilience of the US economy and the subdued prospects for lower interest rates, which will keep it attractive for a long time to come
Looking ahead, we note that this week there are not many economic events scheduled to affect the market. However, next week will be a busy week. The Euro will get a chance to recover if the German GDP data will show that Europe's largest economy grew in October. Eurozone inflation and US core inflation data will also be released, followed by the big monthly data release - US non-farm payrolls for October
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👑 Ideas For #XAUUSD / #GOLD
📈 Consolidation at bullrun. Shall we update ATH?
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GOLD is forming the lower boundary of consolidation within the local correction. False breakdown of MA-50 and support at 2713 activate buying. Bulls are aggressively buying gold at every opportunity
Uncertainty around the US presidential election, market caution ahead of key US earnings reports are reviving demand for traditional safe-haven gold. In terms of the upcoming interest rate cut, the market has probably already resigned itself to the most likely 0.25% cut. Also, we continue to monitor the difficult economic environment in the markets of China... The Middle East conflict is still at the same level, with no signs of escalation or de-escalation, but it should not be overlooked.
The metal is forming a sideways range of 2739 - 2713 - consolidation. A primary retest of resistance could trigger a correction to 2728, or deeper, but with a high probability, gold could continue to rise
Resistance levels: 2739, 2750
Support Levels: 2728, 2713
Price may test the ATH in the near term. If the bulls break the resistance and hold the defense above 2739, gold may continue to rise.
If a bounce or false breakout is formed, the price may test the nearest support. Next, we need to watch for a reaction. If gold will return to retest 2739, then the chances of a breakout and further growth will grow!
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The US dollar continues to strengthen
JPMorgan notes strong demand for USD ahead of the election. Markets are actively preparing for a possible Trump victory
Trump promises to **** everyone (keep everyone under control :) ) if he becomes president: he will raise duties on China, Europe, Mexico even more, he also promises to raise duties on countries that are moving away from the dollar in settlements
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Rising #BTC price leads to impoverishment of those who do not own it, and this increases the threat of a divided society - experts from the European Union's central bank urged those who do not own BTC to oppose the asset and not to support politicians who endorse the first cryptocurrency
Not calling for anything, just the sheer fact of how the Central Bank of Europe is panicking :)
An attempt at manipulation ))
#USDJPY pair is on the rise again. The situation has changed, and it is now fashionable to be bearish on the yen again. For one key reason - the Bank of Japan is not doing what is necessary to maintain the value of its currency. More specifically, it is not considering raising interest rates to support the yen and limit money flow in the economy. Instead, Japan's central bank has promised to maintain a loose, easy and accommodative monetary policy.
Against this backdrop, traders are predicting that the Bank of Japan's Oct. 31 meeting will not be eventful. That's when central bank officials will meet to decide what to do with interest rates. Japan's new Prime Minister Shigeru Ishiba crashed the yen exchange rate after he urged the Bank of Japan to keep rates unchanged, abandoning its previous stance in favor of raising rates. The Bank of Japan is expected to take a wait-and-see stance and not raise rates, meaning that the outlook for the Japanese yen will remain fragile and uncertain
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💡Ideas For GBPUSD 🇬🇧🇺🇸
📈 Confirmation of a trend change. The Bear Zone
➖➖➖➖➖➖➖➖➖
GBPUSD confirms the bearish market structure. The fundamnetal factor is favorable for further decline. Since the opening of the session, the price has been testing the previously broken boundary. The market is not ready to resist the sellers yet
On the background of difficult situation in the west, the course of interest rate cuts in the UK, a pool of sell orders is forming in the zone 1.315 - 1.300. Buyers are turning around.
On Monday, in the Asian session, the retest of the previously broken trend support ended with a downward impulse, which confirms the bearish mood in the market. GBPUSD confirms the price exit from the channel.
It is possible that another retest is possible, as the dollar is forming a short-term correction, but it does not change the general essence of it
Resistance levels: 1.3044, 1.3068
Support levels: 1.300, 1.2975, 1.2938
The trigger for the continuation of the fall will be the breakdown of 1.3000 and further consolidation of the price below this zone. Additional scenario: retest of 1.3063 - 1.3075 before further fall
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#GOLD
On Friday we discussed the fact that geopolitics, the economies of many leading countries, and the course of rate cuts are favorable to the gold price.
This backdrop remains the same and gold as a safe haven is very much in demand.
Technically, the bull run is not over yet. the week, and Friday in general is closing very favorable and encouraging. The most likely scenario is for the rally to continue.
1) If the bulls get behind 2722 and hold their defenses above this zone, gold could reach 2725-2750 fairly quickly.
2) A retest of the support is possible in order to capture liquidity. The market may be interested in 2713-2704 before further growth
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The SEC has approved options on a spot Bitcoin ETF on the New York Stock Exchange (NYSE)
(The issuers are listed in the screenshot of the document)
The SEC also approved the launch of options on the CBOE (Chicago Board Options Exchange) Bitcoin ETF.
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💡 Ideas For #SCRUSDT
📈 The dump continues. How far will the coin fall?
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SCR is in the dump phase after listing. The coin is losing 40% and is not going to stop yet. After a strong fall, the coin does not bounce back, but forms consolidation before a possible continuation of the fall...
The reasons for the cold reception in the cryptocurrency community are quite objective:
Rumors have surfaced that the founder took most of the coins from the amount allocated for airdrop, depriving active users, accordingly, people got few tokens... Criticism among the community regarding the design of the project. The Binance Launchpool whales got access to SCR early.
Technically, the picture on the chart also points to weakness... The coin is unable to form a pullback or correction and update the local high. It can be seen that the bears are creating a huge pressure...
Resistance levels: 0.9533
Support levels: 0.882, 0.8, 0.7
Accordingly, a retest of the resistance is possible before a further fall. It is not excluded, if the development team puts forward some announcement or news that can bribe speculators, in this case the coin can give a strong impulse upward, which will break the structure, but this is not the case yet.
The fall will continue after the support breakdown...
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The US dollar index continues to conquer new peaks. Many things have contributed to the growth of the US currency - in particular, the prospects of a gradual reduction in interest rates by the Federal Reserve and a strong US economy.
More interesting and making history is the election game. Markets seem to be pricing in Trump's victory with the so-called “Trump trade”. What is it? Forex traders are betting that Donald Trump will win the November election and positioning their portfolios with his economic policies in favor of the U.S. dollar. As the election date of November 5 approaches, dollar volatility is expected to increase dramatically.
Since the end of last month, the US dollar has added about 4%, mainly due to the excellent employment report for September. This, in turn, has led to a calmer outlook for lower interest rates. So what will change under a possible Trump presidency? Analysts have not failed to note Trump's plans to impose tariffs on imports, a measure that could lead to higher inflation and higher interest rates
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👑 Ideas For #XAUUSD / #GOLD
📈 Who pressed the accelerator? Is the RALLY still going on?
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GOLD continues its bull run. Prices are rising and so are the risks (before the news). What influences the growth and what to expect from the metal that surprises speculators?
Gold continues to rise despite a rising dollar, which is rising mainly on economic data and the growing likelihood of Trump winning the US presidential election.
Escalating geopolitical tensions between Iran and Israel, renewed talks on de-dollarization ( There has been speculation about the creation of a gold-backed currency in the wake of the three-day BRICS summit) are supporting the metal.
Gold is technically at highs, which increases the risks of an unpredictable correction due to the approaching news from the US. Also the focus on China markets and the BRICS summit...
Resistance levels: 2758
Support levels: 2749, 2737, 2728
The upside may continue from the local support areas as we are trading in a strong bull market. The focus is on 2749-2737-2728-2713. The market may form another flat or consolidation before the growth...
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Murad Makhmudov on why memcoins and shitcoins are making ace without any “foundation”:
- Now there is such a situation that really fundamental crypto projects don't need tokens
- and the “shitcoins” that do “to the moon” don't need projects.
- If you look at the top tokens in terms of growth since the beginning of this year, you can see that they have no real projects
- Individuals have now started to come to the idea that all tokens, no matter whether there is a real project behind them or not, are just casino bets. And accordingly, they have started to ask the question - “why bet in this casino on a project with a valuation of billions of $$$$$, if you can accelerate projects from scratch, creating organics, creating communities and making huge X's”...
- What memcoins are doing now is recreating the ICO boom of 2016-2017... All that matters is people's motivation...
Hey, guys 👋
I look forward to your likes and comments 😉
I left a question in the comments under the idea, it would be interesting to hear your opinion 🙂
💰 https://www.tradingview.com/chart/BTCUSDT/wqiWuyzA-BITCOIN-False-Breakout-Bearish-Engulfment/
✅️ https://www.tradingview.com/chart/XAUUSD/AZ8itDEx-GOLD-Consolidation-at-bullrun-Shall-we-update-ATH/
💡 Ideas For #BTCUSD 🪙
📈 False Breakout & Bearish Engulfment ↓
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BTC entered a strong buying zone (68900) within the rally. BUT, the expected growth did not happen, the bulls could not realize the potential. A bearish engulfment of the last three bars is formed and actually - a false breakdown of the descending resistance...
The growth formed from 59K is partly connected with the election race in the USA, economic revival in China, as well as economic news. But apparently, this energy is not yet enough for the price to easily overcome 68-69K with a target of retesting 71-73. The resistance zone of 68.4-69.4 is putting pressure. Buyers are taking profits, while bears, seeing the strong resistance zone, are trying to resist.
The structure will break down if the price breaks 69400
At the moment, we see a bearish engulfment forming relative to the previous three bars, and this is a strong enough signal. Consolidation below resistance is forming, a small correction may be formed, the first target of which may be 65K, then 61-58-57.
Resistance levels: 68400, 69400, 71500
Support levels: 66500, 65000
After the false breakdown, the price consolidation is formed below the resistance, which indicates the pressure from the sellers. This may provoke further downward correction.
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#BTCUSD rose 10% last week and maintained gains over the weekend. Several factors are underpinning the rally: lower inflation and the prospect of further interest rate cuts by the Federal Reserve, as well as three cuts in borrowing costs by the European Central Bank this year
One key factor weighing the most right now is the U.S. presidential election in November. Both candidates, Donald Trump and Kamala Harris, are talking about crypto assets in an optimistic and positive tone. It seems that regardless of whether Donald Trump or Kamala Harris wins, crypto traders will be on the upside
Technically, gold is in a buying zone, but the price is not going up, either there is no potential or they are not letting in. Need to be careful for buying as high chance for short-squeeze. Likewise, need to be careful for selling as price is in a bullish zone. I recommend to pay attention to the previous post, where the key zones are indicated...
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👑 Ideas For #XAUUSD / #GOLD
📈 Realization continues, risks increase!
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GOLD is at its highs. The price continues to rally and update the highs from the opening of the session on Monday. No selling, but buying should be cautious!
Traders are waiting for the Fed officials to speak in the nearest future. The main issues are inflation, interest rate cuts and the US economy.
Optimism about Chinese stimulus, as well as ongoing tensions between Israel and Iran are supporting gold prices (In times of geopolitical turmoil, investors prefer to rush to traditional safe-haven gold prices)
With each passing day, the impact of the US election race is appearing more and more. The probability of a Trump victory is rising. Trump's fiscal and trade policies are seen as inflationary and positive for the US dollar
Resistance levels: 2736, 2750
Support levels: 2732, 2724, 2713
There is no news in the next few days, the fundamnetal background remains the same, so gold may continue to rise. The focus is on the nearest support zones for realization of purchases. At the moment the range 2736 - 2724 is formed
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Brief overview and determination of FOREX direction
#EURUSD 🇪🇺/🇺🇸 - SHORT 📉
The price broke the key level of 1.088 and is forming a correction on the background of the dollar correction. If the price holds below 1.088 after the retest, the fall to 1.0777 will continue
#GBPUSD 🇬🇧/🇺🇸 - SHORT 📉
The price is updating the lows and confirms the bearish market structure. If the bears hold 1.30 (strong psychological level), the decline will continue.
#NZDUSD 🇳🇿/🇺🇸 - SHORT 📉
The bearish pressure continues, but a rebound may follow on the back of the dollar correction. The fall may resume after the retest of 0.61
#AUDUSD 🇦🇺/🇺🇸 - SHORT 📉
The struggle for 0.67 is forming. If the price fixes below this area, further falling...
#USDJPY 🇺🇸/🇯🇵 - LONG 📈
A small correction from the local maximum. Possible retest of local support before further growth
#USDCAD 🇺🇸/🇨🇦 - LONG 📈
Retest of 1.38 and pre-breakdown consolidation is formed. In the mid-term we should wait for a breakdown of 1.38 and growth to 1.3889
#USDCHF 🇺🇸/🇨🇭 - LONG 📈
On the back of dollar correction, USDCHF may go down to 0.86 to retest support before rising further
#DXY 💲 (Dollar) - LONG 📈
The dollar is quite strong due to economic data in the west. False breakout is formed, correction may continue up to 103.2
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So, let's talk a little bit about #BITCOIN. The price, amazingly, non-stop, is up to 69K from 59K in a week and a half. And that's a fairly rapid rise in recent times. The reason is most likely due to economics and geopolitics.
Economic data from the west and Europe and Asia, China markets, US elections and so on. The market is dominated by bullish sentiment and potential buying, which is quite risky in terms of logic rather than the crush that many big analysts are showing, screaming about 200K-500K-1000K.
Technically, the price is still in a range - 68500 (69K) to 55K. This is to say that there is no actual trend at the moment, but price has not yet made any of the 4 key highs, so I still think price is in a weakly sloping bearish channel.
At this point, I would recommend paying attention to 2 key areas.
1) If the bulls can drive the price past 68500 and keep the defense above that zone, bitcoin could get to 70-72-73K
2) 66500 zone. This is a zone of risk, panic and fear. If buyers fail and the market starts to change forces and priorities, entering this area will activate very strong selling that could collapse the price all the way to 60K.
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