👑 Ideas For XAUUSD / GOLD
📈 GOLD → Support Retest. What to expect from the market?
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#XAUUSD has been heading towards the support area since the opening of the session. Most likely the market is trying to collect the maximum possible volume of liquidity before further upward breakout. What should we expect from the market next?
The most important thing is that at the moment we have possible preconditions for the formation of a further scenario. The market took last week's speech of the Fed Chairman positively. Ogrim progress on the inflation issue. After a long accumulation of #DXY and price standing still, the active growth is stopped and the price is falling, which may have a positive impact on the gold market.
Technically, the metal is in a consolidation format and is testing the support area against the bullish trend. There is a high probability that the market may make a false breakdown of support before further growth. A price consolidation above the SMA will form a strong bullish potential
Support levels: 1978.7, 1984, channel boundary
Resistance levels: MA200, MA50
I assume that after retesting the support area gold will start its growth. Targets are indicated on the chart.
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#XAUUSD 👑
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Brief overview and determination of FOREX direction
1) #EURUSD 🇪🇺/🇺🇸 - LONG 📈
A distribution is formed on a breakout of 1.06858. NFP weakened the dollar. I am waiting for a test of 1.07593, breakout and continuation of the movement.
2) #GBPUSD 🇬🇧/🇺🇸 - LONG 📈
A break of resistance at 1.23374 opens a new range.The growth will continue with a break of 1.23800.
3) #USDJPY 🇺🇸/🇯🇵 - SHORT 📉
Interventions and weak dollar strengthen the Yen.The fall will continue with a break of 149.3.
4) #NZDUSD 🇳🇿/🇺🇸 - LONG 📈
The price breaks 0.59853 in the distribution phase.I am waiting for consolidation above the support and further growth
5) #USDCHF 🇺🇸/🇨🇭 - SHORT 📉
False breakdown of 0.9085 sends the price down.On the background of a weak dollar, the price breaks the level of 0.900. From this level I expect a fall.
6) #USDCAD 🇺🇸/🇨🇦 - SHORT 📉
Strong distribution.There may be a correction.It is possible to sell from 1.36944 or at the breakout of 1.36500
7) #XAUUSD 👑 - LONG 📈
A retest of 1997 will break the resistance and the market will start actively strengthening on the back of a weak dollar.
8) #DXY 💲 (Dollar) - SHORT 📉
Assuming consolidation gets its own scenario. NFP has a negative impact on the dollar. Support is breaking. The fall will continue.
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → The scenario for the medium term is 75% defined
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#XAUUSD was in a wide range of consolidation all last week. The market was accumulating potential and waiting. And it was waiting for news and reaction to the facts from the U.S. market and the dollar index. At the moment, with a high degree of probability the scenario is defined
In the coming week, there are several important news items that are worth paying attention to:
• Fed Chair Powell Speaks
• Initial Jobless Claims, Fed Chair Powell Speaks
• GDP (YoY), (MoM), (QoQ)
Too much Powell this week, I don't think he will say anything substantial, but on the back of NFP data analysts are increasingly talking about a possible first rate cut (tentatively by 0.25%)
On the chart I also noted a few signs of further growth. The market is closing Friday near the 1997 resistance and we have plenty of reasons to see a breakout of this area soon.
Price is still in consolidation. The first boundary that limits us from further growth is at 1997.3, the next one is the consolidation resistance at 2008.7. If these lines are broken, the price will head towards 2025, then towards 2050
The strong supports to pay attention to at the moment are: 1990 and 1984.4. Now the market is forming an upward bullish potential relative to the 1995-2000 zone. The market continues to test the resistance for a breakout and is preparing to do it soon, and in addition, the gold price is strongly supported by the weakening dollar on the background of NFP
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#XAUUSD 👑
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💡 Ideas For CELOUSDT 💰
📈 CELOUSDT → A new bullish phase of the market opens
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#CELOUSDT breaks through the upper boundary of consolidation, which opens a new bullish potential for the coin after a prolonged downtrend
The cryptocurrency market continues to actively strengthen and increase market capitalization. CELOUSDT coin started to accumulate market interest after breaking 0.486 resistance, just at the moment of breaking the 200-day moving average. The momentum continues and the price breaks the resistance that has been forming for a year.
Volumes and therefore interest from the market is increasing. The price is entering a new, potentially bullish range. A consolidation of the price above 0.555 after a possible retest will give the market a confirmed buying potential and form an ideal entry point. Realization of the accumulation may lead to a rise to 0.720 and 0.900 rather quickly.
Resistance levels: 0.613
Support levels: 0.555, 0.486
In the long term I expect support retest with the subsequent continuation of price growth towards the above targets
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#CELOUSDT 💰
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I remember about having to tell you how to analyze the news. I'm writing an article now and will post it soon 🙂
I'll be sure to share it with you!
Important! In 20 minutes it is published:
🇺🇸 Average Hourly Earnings (MoM) (Oct)
12:30 GMT
🇺🇸 Nonfarm Payrolls (Oct)
12:30 GMT
🇺🇸 Unemployment Rate (Oct)
12:30 GMT
👑 Ideas For XAUUSD / GOLD
📈 GOLD → Market awaits NFP ↘︎ How it will affect prices?
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Yesterday, Thursday, we received bearish Initial jobless claims data, which gives us the background for the expected data in Friday's NFP, at the same moment gold is testing the previously broken resistance 1984 and apparently the bulls successfully hold the area, forming a pin-bar against the level.
Analysts expect the NonFarm Payrolls to worsen by two, now imagine the market reaction if this is confirmed! From the technical analysis point of view, gold is ready to continue rising even after the unexpected NFP data, but there may be a small correction.
If the expected data is confirmed:
Nonfarm Payrolls (Oct): 180K vs. 336K in the previous period
The market will determine the medium-term outlook for the dollar and give a bullish reaction for gold.
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#XAUUSD 👑
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💡Ideas For NZDUSD 🇳🇿/🇺🇸
📈 NZDUSD → Resistance retest before NFP. What could it mean?
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#NZDUSD is forming a local rally on negative news for the dollar. The unemployment rate shows bad indicators. Most likely on NFP the price of the currency pair will continue its growth, let's understand why!
It is worth noting that the Initial Jobless claims give a strong indication of what the NFP data might be. We get bad data on Thursday. And analysts are expecting NFP to worsen by half! #DXY consolidation in the narrow 107-105.5 range may end up breaking support, which will affect forex and #XAUUSD accordingly.
Last night NZD breaks local resistance and tests 0.5915. After the pullback a retest is formed, which tells us that the market is ready to break this area. Yes, based on the situation we have a high chance to see an active strengthening of the currency pair in the direction of 0.6000
Support levels: 0.5878, 0.5859
Resistance levels: 0.5915
There is a high chance of negative news in the US market, in this case NZD will start a bullish rally on the background of a possible fall in the dollar index. Follow the news!
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#NZDUSD 🇳🇿/🇺🇸
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#BTCUSD 🪙 : Bitcoin Jumps 27% in Uptober, Outperforming Every Other Large-Cap Asset
The orange coin staged a whopping rebound on hopes for the first US-based spot Bitcoin ETF. Stocks ended the month with losses
• October has just wrapped up and investors are taking stock of their portfolio. It was a battering month for valuations across the board. Just not for Bitcoin #BTCUSD🪙
The orange cryptocurrency slapped a 27% October gain on its accounting books as the month lived up to its highly-upbeat Uptober nature. Bitcoin kicked off dealmaking near $27,000 and wrapped up at $34,500 as bright spot BTC ETF prospects stirred up excitement
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💡 Ideas For ROSEUSDT 💰
📈 ROSEUSDT → Resistance breakout amid TOTAL growth
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#ROSEUSDT is breaking resistance after a rather long consolidation at the bottom. Consolidation of the price above the 0.055 level will give the bulls strong support
Against the background of active strengthening of #BTCUSD, growth of crypto market capitalization, many alcoins look bright green on the heat map.
ROSEUSDT can also get a prospect for active growth. The price previously formed a bottom at 0.0335, the next retest confirmed the presence of strong support, after which the consolidation potential was directed to the breakout of resistance, which the price successfully manages to do. At the moment my focus is directed to the level of 0.0550. I am waiting for the price to consolidate above this area to form a long position. Moving averages may soon form a confirmation of the breakout. Price is updating 6-month highs and this is a good sign.
Support levels: 0.0550, previously broken wedge resistance
Resistance levels: 0.05833
I assume a small correction from 0.05833, a retest of support. The rest depends on the bulls. If they are ready, the growth will continue from 0.05500 towards 0.0792
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Support Breakthrough. Still consolidating
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#XAUUSD is breaking the price channel support. But actual, the price is still inside consolidation. The market calms down a bit after the strong excitement and goes into a state of waiting for news from the USA
Metal price temporarily detached from DXY on the background of strong interest, capital inflow related to the crisis. Now the market is stopping and forming correction, as the trend cannot continue permanently, the market should rest, gain volume and liquidity.
On the background of news, the price can go even lower, but again, if it will be positive news for the dollar. In this case, the correction of gold may continue to the area of 1975, which hides the volume of liquidity, as well as the target may be 1964 and even 1952. (These areas are interesting for big buyers).
I continue to wait for the continuation of growth, but before that the market may go down a bit (to remove from the market the unnecessary passengers, to collect liquidity and then continue the growth). The risk point that holds the market back from a more protracted decline is 1964.4-1953.6.
Support levels: 1978,68, 1974.7, 1964.4
Resistance levels: MA200, 1984.4, MA50
I assume that the price will continue consolidation for some time. Movement will be carried out from level to level. Against the background of the news we should expect a surge in volume and achievement of the local target
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#XAUUSD 👑
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💡Ideas For EURUSD 🇪🇺/🇺🇸
📈 EURUSD → Attempting a trend change. It could be successful
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#EURUSD breaks local correction resistance which could be a confirmation of a trend change amid dollar weakness due to weak policies
On the senior timeframe we can clearly see the inverse correlation, when checking the support in #DXY the currency pair forms a breakout of resistance and heads towards the 200-day moving line. This line will be tested and broken in the near future, as there are prerequisites for a bullish trend change in the market. The potential target in this case is the resistance at 1.0945.
On the local timeframe we see a breakout of the local channel resistance. The nearest important level 1.0759 separates us from the official bullish trend. I expect a breakout of this level and further growth. The SMAs on H1 formed a golden cross earlier, and the news background of EURUSD is bullish, therefore, we should expect a bullish trend and growth in the medium term.
Support levels: 1.069, previously broken channel resistance
Resistance levels: 1.0759
I expect a retest of 1.0759, a small correction and subsequent break of resistance with further growth to the above targets
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#EURUSD 🇪🇺/🇺🇸
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The chart notes the setup, prerequisites and news of the coming week
I think it can be useful.
I will also publish a Forex market review for the coming week soon :)
💡 Ideas For BTCUSD🪙
📈 BTC → A bull market only increases interest
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#BTC has recently formed quite a few preconditions for further growth, the golden cross attracts the attention of many, but what else is happening with the flagship of the cryptocurrency market and what to expect next?
There has been a wave of positive momentum in the digital asset markets due to speculation that the US Securities and Exchange Commission is on track to approve its first spot Bitcoin ETF.
On the back of this data, BTC is breaking through the 34000 resistance and the upper boundary of the ascending channel. With the price consolidating above this support zone, the next active growth phase will come quite quickly.
Position accumulation is forming at the current level of 34000-35000. The market is still in a positive state as a lot of news and rumors have been forming lately that foreshadow the approval of ETFs this year:
• November 2 - SEC, in a closed session, will reconsider Grayscale's application for a spot BTC-ETF (although they recently wanted to put it on hold, but a U.S. court wouldn't allow it)
• SEC will approve applications for spot BTC-ETFs by the end of November - Valkyrie's top manager
Support levels: 34000, channel resistance, 32000
Resistance levels: 35250, 1.618 fibo, 37600
I expect the price to consolidate above the support, maybe some more support retests or even false breakdowns, but in the short term I expect a rise to 40600, then to 2.618 fibo
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#BTCUSD 🪙
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USA - NON-FARM PAYROLLS (OCT) = 150K (expected 180K / earlier 336K)
US - Unemployment (oct) = 3.9% (expected 3.8% / earlier 3.8%)
— — — —
That's bad news for the dollar!
But! We were ready for it ⚡️
I told you that the NFP data would be negative ❗️
Next scenario:
Dollar falls 📉
Currency pairs rise 📈
Gold rises 📈
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Market awaits NFP ↘︎ How it will affect prices?
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#XAUUSD reduces volatility to a low before NFP. The market is waiting for lower figures, which in the medium term may determine the medium-term fate of the market, as it has been in global flotation for several weeks.
Pay attention to the dollar index chart, a consolidation has been forming for the last two weeks due to uncertainty. The dollar index is holding the whole market in one place in the consolidation phase, a prolonged flat (consolidation) is forming in the whole forex market (major part of it)
Support levels: 1984.4, 1978.9, 1964.4
Resistance levels: 1997.3, 2008.7
I assume that before the news, volatility and flat condition will continue. On the background of news, the price may test the support before further growth (provided that bearish NFP data will be published)
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#XAUUSD 👑
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For the second time in a row, the Fed decided to hold rates unchanged but hinted it’s not done raising to stamp out sticky inflation
• The US dollar index #DXY 💲
retreated 0.8% to a Thursday low of 106.20 as FX traders digested the latest Federal Reserve update. The central bank left its benchmark lending rate unchanged at 5.25% to 5.50%, a 22-year high, as it’s parsing mixed economic signals such as strong growth data, elevated consumer spending, and increased borrowing costs
• The index, gauging the dollar’s strength against six rival currencies, is still mostly undefeated in the long run. It’s flaunting gains of 7% for the past four months while other FX peers are nursing heavy wounds from the relentless rally of the greenback. Still, some reprieve was noticed yesterday when the dollar pulled back against the yen for a second straight day
• In other corners of the currency market, the euro is seen sprinting, taking full advantage of the dollar’s weakness. The #EURUSD 🇪🇺/🇺🇸 pair is higher by just over 0.8% in the past couple of trading days, moving from $1.0515 to $1.06. Jobs data is on deck tomorrow and markets are already bracing for volatility
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → The market is buyback the fall. Increased interest
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#XAUUSD is strengthening on the back of a weakening dollar, which is not updating highs but forming a bounce off resistance, which is affecting gold. The market lacks resolve and so does Powell. The rate remains unchanged, the dollar is in consolidation and waiting for NFP
ADP Nonfarm E.C. and ISM Manufacturiong PMI come out with worse than expected data, which affects the result accordingly. The dollar tests the resistance of 107 and falls, which affects the gold - the price is shaken down and recovers again.
Initial Jobless Claims are published today. The market is waiting for this data, because it will be possible to predict the price behavior until the end of the week, and I remind you that we have NFP on Friday.
From the technical analysis point of view, a retest of the previously broken level is forming on D1. After the news, the market buyback the fall, thus forming a pin-bar against 1981.68, which gives us a bullish premise for possible growth. Against the bullish trend, every broken resistance will become a support sooner or later.
On the local timeframe, I expect price to strengthen from 1984.4 towards 1997, then towards 2008
Support levels: 1984.4
Resistance levels: 1997.3, 2005, 2008.7
Most likely, the growth may continue towards these targets, but before that, within the consolidation, there may be deep corrections and false breakdowns
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#XAUUSD 👑
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For a fifth straight month, the inflation gauge has been retracting, reaching its lowest point since August 2022
• The #GBPUSD 🇬🇧/🇺🇸 pair moved higher by about 50 pips early on Tuesday to trade just under the $1.22 handle after the British Retail Consortium said UK shop inflation has slipped further. Falling to its lowest rate in a year, shop inflation hit 5.2% in September, the fifth straight drop for the price-growth measure and a bottom last seen in August 2022
• The monthly data pointed out that declining prices of homegrown food were among the biggest contributors to the reversing inflation trend which flared up a cost-of-living crisis in many UK households. A year ago, headline inflation in the UK peaked at a 41-year high of 11%. Since then, it has been dropping continuously to a September clip of 6.7%
• The British sterling has consolidated against the dollar, trading in a range-bound mode within the $1.24 to $1.20 price frame for the past month. Looking ahead, forex markets are likely to face turbulence with the upcoming Federal Reserve interest-rate update on Wednesday and the US nonfarm payrolls report on Friday
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💡Ideas For EURUSD 🇪🇺/🇺🇸
📈 EURUSD → The market is waiting for news. Bearish "Flag" ↘︎
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So, #EURUSD and #DXY are inversely correlated with each other. The market has been in consolidation for quite a long time, apparently waiting for the news
There are a lot of reports being published today. The chart on the left shows positive (green), negative (red) and neutral (gray) news for the dollar. In all likelihood, if the final data is close to what is expected, the market could form quite a strong momentum. If the dollar will strengthen on the background of bullish news, the currency pair we are interested in will break the support of the pattern "flag", which will activate it and the market will continue its falling trend. With neutral or negative news for the dollar, the price will bounce off the resistance and head downward, which will affect the forex market accordingly. But even in this case there is a high probability of getting a false breakout relative to one or another support or resistance. It is also worth noting the SMA cross.
Support levels: channel line, 1.0523, 1.0488
Resistance levels: 1.0632
Based on the expected news, I expect a breakout of support and realization of the "flag" pattern. But with unstable data and very different from predicted, the market may form a rebound, false breakout or other trap format
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#EURUSD 🇪🇺/🇺🇸
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