👑 Ideas For XAUUSD / GOLD
📈 GOLD → The dollar is weakening, where can this lead?
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In the coming week there will be important news for the U.S. market, and gold may react accordingly. We should pay attention to the following news:
• Nov 21: FOMC Meeting Minutes
• Nov 22.Nov: FOMC Meeting Minutes, CDGO, Initial Jobless Claims!!!, FOMC
• Nov 24: S&P Global Services PMI
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#XAUUSD 👑
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BBG ETF Analyst Eric Balchunas : "The SEC's Division of Trading and Markets reportedly approached exchanges this week about applications for spot BTC-ETFs. Rumor has it that the SEC has asked the exchanges to make adjustments regarding ETFs in the coming weeks. While this is an expected situation, it is still seen as a positive sign."
UPD:
BitGo's CEO believes that despite the optimism, the SEC will likely continue to reject applications for spot BTC-ETFs because Coinbase (#COIN), which has been chosen as the custodian for many ETFs, is not fully separated as an exchange and depository and currently has many risks that have yet to be dealt with.
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💡 Ideas For SKLUSDT 💰
📈 SKLUSDT → Pending distribution after resistance breakout
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#SKLUSDT makes an attempt to break through resistance and start the phase of realization of accumulated potential. To put it simply - the market is preparing for the beginning of distribution on the background of strengthening of the cryptocurrency market and the appearance of a group of setups on the SKL chart
Moving averages (MA200 + MA50) indicate the formation of consolidation and the beginning of a reversal trend, in the near future the indicator may confirm the bullish intent in the market.
The price after the retest of the bottom at 0.0197 forms a rebound and on the next retest breaks the resistance of the key range: 0.0295 and tests the next important level: 0.0335. At the moment we see consolidation formation in the key area.
The price may test the support before further growth. The signal for the continuation of growth or the beginning of distribution will be the consolidation of the price above 0.0295 with the subsequent breakthrough of 0.0335.
The market is clearly growing volumes, but so far the resistance area is holding back the cryptocurrency pair.
Support levels: 0.0295, 0.0235
Resistance levels: triangle boundary, 0.0335
I expect consolidation above the support at 0.0295 followed by a retest of 0.0335 and a breakout of this level to start a bullish rally. Targets: 0.0453, 0.0543
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A total of 12 spot Bitcoin ETFs are on the SEC’s finish line with the agency’s approval deadline fast-approaching tomorrow
• Bitcoin #BTCUSD 🪙 climbed to a fresh 19-month high early Thursday on excitement over the Securities and Exchange Commission and its top priority right now. The US financial watchdog has until tomorrow to either approve or reject a total of 12 applications for spot Bitcoin exchange-traded funds (ETFs)
• Among them are Grayscale’s $18bn Bitcoin trust, awaiting potential conversion to an ETF. Also, BlackRock, the world’s biggest asset manager with roughly $10tn in assets, is in line for an approval of its own spot BTC ETF. The first mover is expected to pave the way for Wall Street to enter the digital asset space
• In that context, the price of Bitcoin pumped to just above $38,000 for a brief moment in the earlier deals today. Since then, the original crypto has erased some of the fresh gains. Crypto bros must be careful of a potential sell-the-news scenario, not uncommon for the fast-moving, volatile cryptocurrency market
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The euro is bracing for Friday’s ambitious 2.9% inflation forecast. Technicals indicate a potential upside after both the 100-day and 200-day MAs are now under
• The #EURUSD 🇪🇺/🇺🇸 pair was quietly retreating early Thursday as forex bros braced for a highly ambitious eurozone inflation print. On deck for Friday, the consumer price index across euro-native countries is expected to show price pressures eased significantly to 2.9% in October. If materialized, the figure will be drastically lower than the 4.3% logged a month prior
• Against that backdrop, euro bulls folded their bets, pressuring the EUR/USD exchange rate to hover near $1.0840. The decline follows a massive buying wave on Tuesday, when the euro’s counterparty, the US dollar, got knocked over softer-than-expected US inflation at 3.2% for October
• This said, the technical aspect of the volatile trade shows the euro peaked above the highly-followed 200-day moving average. In addition, it also pierced the 100-day moving average with Tuesday's power move. With those two now lurking from below, bulls could be looking into more upside, should Technical Analysis 101 pan out
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Test of strong resistance. A pullback may follow
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#GOLD resumes strong rally again, the reason for this is the weakening of the dollar index based on the fundamental background. Target for gold 1993-1996.
On the high timeframe we can see that the gold price is recovering strongly and overcoming one of the important levels of 1984. The area of 2009 may serve as a medium-term target for such a maneuver. The rise in gold is linked to the weakening of the #DXY, which is forming one of the strongest declines in recent times.
Support levels: 1986, 1984
Resistance levels: 1993, 1996
Gold is attracting investments on the background of increased interest. The volumes are increasing and the growth will continue in the medium term. At the moment we are interested in the area of 1993 and 1996, the retest of this zone will show further mood, but in the long term I expect a correction before further growth to 2000-2010
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#XAUUSD 👑
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Have you seen the #GOLD?
It's beautiful)
The news came out worse than analysts expected. And that's good for us 😎
Upd: In moment 1985 (graph lagging)
BTC is already completely ignoring the news on the SEC's postponement of the SEC's review of spot BTC-ETF filings
--------
Bloomberg analyst James Seyffarth believes that there is a 90% probability that spot BTC-ETFs will be approved by January 10, 2024
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💡Ideas For GBPUSD 🇬🇧/🇺🇸
📈 GBPUSD → What could favorably affect the price?
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#GBPUSD forms a false breakdown of the channel resistance forming a sell-off in the market.
And it logically fits into the technical and fundamental situation on the market and we see a correction to the support area
On the high timeframe we see a pattern between DXY and GBPUSD. For the dollar index yesterday there was positive news, which negatively affects the price of the currency pair and we see a sell-off after a false breakout of the resistance area. It is worth paying attention to the support levels amid the correction: 1.2337, and in extreme case at 1.2272, perhaps the growth of the pair can continue after the retest of support in the uptrend.
An important nuance for us is also the ascending price channel, which plays perhaps the main role at the moment. The price reacts to the channel boundaries and we can use the range trading strategy: buy from support and sell from resistance, the current trend is on our side.
Support levels: 1.2337, 1.2272
Resistance levels: 1.2421
Most likely before the news publication at 13:30 GMT the correction may continue, but since the market is expecting weak Initial Jobless Claims data, and this information may favorably affect GBPUSD, I will wait for price strengthening from the mentioned support area after the test.
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The dollar index fell off a cliff following the latest CPI report. The drop in price growth fueled hopes the Fed won’t touch rates any time soon
• The US dollar index #DXY 🇺🇸
nosedived Tuesday after the latest inflation report sparked excitement that price growth might finally be shrinking. The consumer price index for October showed prices increased by a less-than-expected 3.2%, and below September’s 3.7%. The data triggered a sharp selloff in the US dollar
• The dollar index, a gauge for the greenback’s value against six major rivals, fell roughly 3% on the day, sliding from 107.00 to levels near 104.00. Across individual players, the #EURUSD 🇪🇺/🇺🇸 rallied nearly 2% to $1.0880, the #GBPUSD 🇬🇧/🇺🇸 added just over 200 pips to $1.2493,
and the #USDJPY 🇺🇸/🇯🇵 tumbled 0.8% to 150.50
• Falling inflation is welcome news for markets and for the Federal Reserve. The central bank is now widely expected to skip a rate hike at its December meeting. But also to consider another do-without at the first meeting of 2024 if the downward trajectory is sustained, ideally all the way to the 2% target.
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Overflowing bidding is inflicting pain over at the bears’ camp and to Japan’s government, which is keeping tight-lipped on a potential intervention
• The #USDJPY 🇺🇸/🇯🇵 tower of higher bids hit ¥151.90 to kickstart a so-far painful week for bears. The pair booked its sixth straight day of gains as renewed dollar pressure restored the greenback’s dominant position across forex dealmaking. Early on Tuesday, the exchange rate hovered near ¥151.70
• Yesterday’s sprint lifted the USD/JPY to a one-year peak, and less than a mere 5 pips away from a fresh record high unseen since June 1990. Millennials, yes, that is over 33 years ago. In that context, the lofty levels treaded by the mighty dollar, and – vice versa – the dreaded lows traversed by the languishing yen, are yet to be called out by Japan’s government
• While markets try to time a potential intervention by Japanese officials, the US is gearing up to reveal a batch of economic data. Scheduled for release today, the US Consumer Price Index report, or inflation data, is expected to show prices increased by a moderate 3.3% for the twelve months through October, less than the 3.7% logged a month prior.
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Is the bearish correction over?
➖ ➖ ➖ ➖ ➖
#GOLD gets bullish fundamental leverage and forges a rally, within which it tests the 1971 high, and today the price breaks the bearish correction resistance.
Yesterday we all watched the price behavior on the background of CPI data publication, which reflects the inflation situation in the US market. The situation is leveling off, the #DXY is weakening and gold is getting a 1.5% rally. On the hourly timeframe we see the formation of a reversal setup and the overcoming of important levels by the price: 1944, 1947, 1957. At the moment we are interested in the area of 1969-1970. Market fixing above this area will form a bullish potential and will direct the medium-term flow towards the resistance of the range: 1993 - 1965.
Today we are also waiting for some important news, I don't think they will change the situation globally, but they may temporarily increase the liquidity on the market.
Support levels: 1965, 1969, 1970
Resistance levels: 1974.5, 1987
As the price is overcoming important resistances and is currently at local highs, the correction is likely to end and the market is bullish again. Now the gold asset should consolidate above the support area, for us it is the area 1969.87 - 1965. After consolidation or retest above this level, the growth may continue. Targets are indicated on the chart.
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#XAUUSD 👑
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → The dollar is weakening, where can this lead?
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#XAUUSD for November 20 - 24. The market has practically bought back the fall, a retest of the strong level is forming and interesting prerequisites are emerging.
The market is reacting to inflation related data earlier than the Fed would like, as the Fed's policy pause is still ongoing and the dollar index is already starting to decline. There is a possibility that the Fed may heat up the market again and strengthen the price, but not on an actual rate hike. We wait for the news.
From the technical point of view, the #DXY breaks the strong support at 103.987 and forms the closing of Friday's daily candle at the minimum point of the daily APR, which indicates the continuation of the decline, and this will affect the price of gold.
Gold in its turn continues to test the important level of 1984. This area has been restraining the market for quite a long time and if the price fixes above the level, the bulls will find a strong support.
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#XAUUSD 👑
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Brief overview and determination of #CRYPTO direction
1) #BTCUSD 💰 - LONG 📈
The flagship amid a strong rally is not going down deeply. The market under the influence of positive fundamental factors is ready to strengthen further, but after a small consolidation. (there may be a correction)
2) #ETHUSD 🔹 - SHORT 📉
So far, the technical background is weak, but fundamentally ethereum is gaining high support. Most likely, the halt may end near the mentioned support, and then - growth
3) #WAXPUSDT 💰 - LONG 📈
The coin looks quite strong in the current market. Technically, the price is ready for further growth. Consolidation above 0.0673 will give an entry point
4) #ANKRUSDT 💰 - LONG 📈
Good accumulation after the rally. No dip, indicating a willingness to move further upward
5) #XRPUSDT 💰 - SHORT 📉
Technically weak coin, but the fundamental is neutrally-bullish. Most likely, before the further growth there will be a fall to the mentioned levels at first
6) #QNTUSDT 💰 - SHORT 📉
Correction after a false breakout. Sold off almost all of the growth, Price may test support at the bottom. No hint of near-term upside.
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Friends, I remember that I owe you an article on how to work with newsletters
I'm working on it ♥️
Also I will soon tell you how scammers lure you into telegram, how they warm you up and take your money 🤡
The precious metal is enjoying an investor comeback after easing price pressures in the US indicated rate hikes will most likely hit pause
• Gold #XAUUSD 👑
is en route to notch a winning week with a solid 3% gain. The precious metal’s upside was helped by a softer-than-expected US inflation data released Wednesday. The print, a cool 3.2% annual growth, injected fresh buying into gold as haven-trades got back on the menu
• Against that backdrop, gold prices were up 0.3% early on Friday, trading near $1,987 per troy ounce. With lowering inflation, investors are betting that the upward trajectory of the Federal Reserve’s rate hikes will finally hit a plateau. All that benefits gold in the current market landscape
• But why is lower inflation good for gold? In general, Economics 101 teaches that gold starts shining in times of high-inflation periods. But this time the US dollar weighed. A break on rate hikes will make the greenback less appealing as a trade as it won’t yield as much. Gold, as a non-yielding asset, was stifled by the rate-boosted dollar. Now, the tables start to turn as pent-up gold demand unfolds
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No strong news today, CPIs were released for the euro, all within expectations.
Cryptocurrencies, gold, forex mainly acts based on the fundamental background formed over the last 1-2 days.
Friday should be relatively calm
👑 Ideas For XAUUSD / GOLD
📈 GOLD → Test of strong resistance. A pullback may follow
➖ ➖ ➖ ➖ ➖
It is also worth paying attention to the area of interest 1993-1996. This is most likely the nearest target in the short term. A correction to the support area may follow from this zone before further growth and renewal of highs.
Moving averages support the strong trend, and the golden cross continues the phase of realization of the accumulated potential
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#XAUUSD 👑
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💡Ideas For EURNZD 🇪🇺/🇳🇿
📈 EURNZD → Rising triangle on the background of a bullish trend
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#EURNZD is forming a bullish trend after breaking through the resistance of the descending channel. A bullish setup appears on the chart, which suggests medium-term growth.
On the background of EUR index strengthening, EURNZD currency pair forms an uptrend. Against this background, an ascending triangle appears on the chart, which can be interpreted as: the price advances to the limit resistance on the part of dynamic buyers. The closer the price is to the breakout area and the lower the volatility, the higher the chance of the breakout of this area.
From the point of view of technical analysis, we can assume the following: against the background of the uptrend and ascending triangle, the market is preparing to break through the resistance to continue the current trend. Trigger level: 1.8228. The rebound may occur from 1.8084
Support levels: 1.8084, 1.7992
Resistance levels: 1.8228
I assume a small correction and continuation of the ascending triangle formation. The smaller will be the next pullback and the closer will be the price to the resistance, the higher is the chance of a breakout
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#EURNZD 🇪🇺/🇳🇿
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Gold on the global chart is drawing an interesting situation.
Is everyone seeing a global ascending triangle?
Most likely money continues to flow into gold at any time.
And we should expect a breakout of the 2000-2075 resistance area in the medium to long term
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Golden cross + 2x bottom = What to expect from XAU?
➖ ➖ ➖ ➖ ➖
#GOLD is shaking down, testing the support of 1957 on the background of news related to retail sales in the USA. An interesting set-up is forming around the support, and a struggle for further market retention is taking place between buyers and sellers
On D1, we see the gold price recovering on the back of the falling the Dollar. On Thursday, the market is buying back half of yesterday's decline amid the lingering impact of CPI, weakening inflation and in anticipation of Initial Jobless Claims, which may have a further favorable impact on the market.
From the technical analysis point of view, we see the forging of the local double bottom against 1957 and the appearance of the MA50 x MA200 golden cross, which opens additional leverage for the market, contributing to a possible strengthening of the price. If gold consolidates above the support of the current range - 1965 (1960), we will see the continuation of growth in the medium term.
Support levels: 1965, 1960, 1957
Resistance levels: 1969.9, 1974
Gold is still quite strong on the back of increased interest and favorable fundamental background. Consolidation above the above support area will give a good bullish potential and entry point for long positions.
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
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The US dollar yesterday saw its strongest daily drop this year. Markets are betting that the Fed is done raising rates - BBG
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BUT!
Barkin (Fed) : not sure the Fed has done enough to bring inflation down to target 2%
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The Fed is such an interesting thing 🤡: some of the staff talk about improving, some about worsening. They put on an incomprehensible show instead of constructive facts. does anyone even control what they say?
First image: post on November 9: "I also found the picture on D1 interesting. The market is testing the previously broken area on the background of the rally. Most likely there may be an attempt to form a global reversal pattern. The price is in the green zone relative to the previously dominating bearish trend. The 1948-1935 area plays an important role as a support and liquidity area"
Second image: The bulls have held the strategically important area.
Just at this moment positive news for the gold market comes out and we start to get a rally
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💡 Ideas For GALAUSDT 💰
📈 GALAUSDT → Breakout of resistance and retest of highs
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#GALA is breaking out of a global bearish trend, but there is a strong enough zone ahead that is holding the market back from changing trend and forming a bullish rally. All eyes are on the 0.027 zone
On the senior timeframe, we see a breakout of a fairly important trend resistance after forging a bottom. The price fixes in the green zone and starts to show good bullish dynamics, the priority medium-term target may be the area of 0.04000.
A reversal V-shaped formation is formed on D1. The base and trigger zone in this case is the area of 0.02815 (0.027). This area of resistance keeps the market from changing the trend, because at the moment the market is in a sideways flat, which tells us about accumulation and some balance. Formation of imbalance, which can be a break of resistance, will be the reason for a bullish rally.
The fundamental component of the cryptocurrency market is quite positive, now there may be a temporary stop and consolidation of cryptocurrencies on the background of #BTCUSD correction.
Support levels: 0.0220, 0.0200
Resistance levels: 0.02467, 0.027, 0.02815
I expect the growth of monetza with the subsequent retest of the range resistance, which at some point may lead to a breakout and the formation of a bullish rally. Targets: 0.0353, 0.04000
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#GALAUSDT 💰
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