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Longsetup

Gold recovered in the short termSamson greets everyone! Similar to yesterday, gold experienced significant fluctuations after the evening news and quickly returned to trading around $1987, with little change compared to the same time yesterday. Gold prices are seeking support from the weak performance of the US dollar and low interest rates on US Treasury bonds as they try to stabilize after significant losses caused by uncertain policies of the Federal Reserve. In Samson's personal opinion, the low level of $1977 may be tested once again and then be considered an important support level to push gold prices back up.
OANDA:XAUUSD
by Samson-FX
XauUSD - Maintain a good increase in 1980 USDHello everyone! Today, gold has seen a slight increase in price as people speculate that the Federal Reserve (Fed) will have a softer monetary policy. As a result, the value of the USD has cooled off a bit. However, the upward momentum of gold has been restrained as the USD continues to rise due to the challenging economic conditions in many countries and the tendency of their central banks to loosen monetary policies. At the time of writing, the price of gold is trading at $1988. The resistance level is seen at $1992, and there is a possibility that gold will retreat from this level and seek support around $1972. If it respects this support level, there is a potential for gold to increase towards the medium-term target of $2005 by next year.
FOREXCOM:XAUUSDLong
by Samson-FX
XauUSD - Continue to decreaseHello everyone! Gold has cooled down after yesterday's news, moving away from the $2000 mark and trading around $1980 at the start of today's session, a decrease of 0.18% throughout the day. Gold declined under pressure from a strong US dollar index, a decrease in crude oil prices, and a slight increase in US Treasury bond yields. Additionally, precious metals faced selling pressure from short-term futures traders after a recent strong rally. In the short term outlook, the US Dollar Index (DXY) opened at 106.67 points. Therefore, there is a possibility of gold declining in the short term. Samson's view is that prices could find support at $1966 and even $1955. Afterward, we can expect gold to increase in value from this resistance level.
OANDA:XAUUSD
by Samson-FX
USDJPY continues to increase pricesHello everyone! Our trading today is still a hot topic of discussion as the sellers and buyers are still locked in a tug-of-war around the 150.00 level. However, it seems that the buyers have a slight advantage, even though the trading volume is expected to decrease today due to the closure of exchanges and banks in Japan for Cultural Day. The round support level at 150.000 is expected to be tested once again. The current resistance level is acting as a barrier for USDJPY at 150.500. Breaking through this resistance level could bring USDJPY back to its previous high at 151.700, with strong support at the two previous levels of 150.000 and 150.500.
Long
by Samson-FX
Impressive target 2050 USD, gold increased sharplyHello dear brothers and sisters! The Gold weekend trading has concluded with a complete victory for the bull side as the price reached $2000, in line with market expectations. Overall, Gold maintained a relatively stable upward trend around $1990 - $1970 throughout the week, although there were no significant breakthroughs. The support level of $1980 acted as a catalyst to push the gold price higher, with an expected increase to $2050, with some short-term corrective declines. The only question now is how long it will take to reach this figure. The upcoming week promises to be an interesting and exciting trading week. What is your perspective?
OANDA:XAUUSD
by Samson-FX
2
Eurusd has difficulty increasingHello everyone! The EUR/USD pair has risen by more than 10580 during the early Asian trading session on Thursday. The US dollar (USD) weakened after the Federal Open Market Committee (FOMC) policy meeting, providing some support for the major currency pair. Currently, EUR/USD is trading around 10597, up 0.26% for the day. My perspective is that after reaching the resistance level of 1.066, a retracement will occur here with an expected decline to 1.052. Do you share the same viewpoint as me?
by Samson-FX
BAJFINANCE looks good for investmentBajaj Finance recently experienced a significant development in its price action. After a period of descending trends that followed a notable uptrend, the stock broke through a key resistance line. This break of the resistance marked a pivotal moment in its trajectory. Following the successful breach of this resistance line, the stock price retraced and found solid support along this previously formidable resistance line. This pullback and subsequent establishment of support signify a noteworthy shift in the stock's outlook. As a result of these recent developments, Bajaj Finance now appears to be in a highly favorable position, with a distinct bullish momentum in its price movement.
NSE:BAJFINANCELong
by anuragAnand321
Short -term analysis of gold todayDear friends, Gold is currently narrowing its price range, indicating a significant decline in the near future. However, in my opinion, this adjustment is only temporary as the conflict in the Middle East is considered noteworthy and the current trend of Gold depends on it. This decline could bring Gold back to its support level around $1950. Maintaining a strong hold above this support level will drive Gold to a robust growth around $2000 before any further catalysts push it to continue rising.
OANDA:XAUUSD
by Samson-FX
5
USDJPY increased sharply with the daily expansion trendToday, the USD/JPY pair is attracting a lot of buying activity on the first day of the new week and seems to have halted its retreat from the 150.75-150.80 level, the highest since October 2022 touched last week. However, Samson still maintains faith in the price and this currency pair is currently trading around the 149.70-149.75 area. It has gained less than 0.10% for the day as traders weigh up a crucial central bank meeting before placing bets on a new direction. So, the Bank of Japan (BOJ) is expected to announce its decision on Tuesday amid increasing speculation about the possibility of changing the yield curve control (YCC) policy. However, this poses a challenge for the bank to escape negative interest rates. This marks a clear divergence from other major central banks, including the Federal Reserve, and the risk appetite sentiment has made the Japanese Yen (JPY) a safe haven and a key factor driving favorable winds for the USD/JPY pair.
Long
by Samson-FX
Supports retesting and fluctuations before FED newsContinuing to consolidate after breaking the resistance level of the triangle. The retest of the support level has formed, but the market reaction is still weak. The market is anticipating news to come in on Wednesday. Market volatility has decreased as traders await upcoming news. The situation in the Middle East has not improved, leading to increased interest in gold. However, traders are being cautious in their trading activities due to the news and reports. There is a possibility that prices will test the $1987 level due to the tense situation. I want to emphasize that any market reaction can lead to price increases. The market seems to be supporting an upward trend, so the levels of $2020 and $2025 are highly regarded. But before the news, volatility will decrease. What are your thoughts? Do you agree with me.
OANDA:XAUUSDLong
by Samson-FX
Gold price today, continues to increase sharplyHello everyone! Let's explore the Gold market with Samson today. On Wednesday, we have ADP and interest rate announcements. On Thursday, we have unemployment figures. On Friday, we have Non Farm data and news about the war, which also needs to be monitored. But currently, the situation is still unclear as communication has been cut off. You need to be cautious. The price of gold is currently fluctuating around the resistance level of $2000 and has become quiet as it is unable to break through this resistance. However, the outlook for gold prices still maintains a good level, indicating strong fighting capabilities on the gold side. At the time of writing, gold is at $1995.
OANDA:XAUUSD
by Samson-FX
Gold continues to conquer high levels on 2020 USDThe global gold market has witnessed strong buying activity in the past two weeks. Investor demand for safe havens has increased amidst escalating tensions in the Middle East. Gold prices have marked their third consecutive week of gains. At the time of writing, the Gold market is trading at $2000. Based on the 1-hour psychological level analysis chart, $2000 currently acts as a resistance level for gold. It is expected to quickly push back against this price increase, although gold may not see a significant decrease. The expected support level could be around $1985, followed by a reestablishment of the upward trend for this precious metal. The year 2020 is being highly anticipated by gold buyers during this time. This week, we will receive two pieces of news on November 1st and November 3rd that will make gold even hotter than ever.
OANDA:XAUUSD
by Samson-FX