Get started

P-signal

Gold Rally Nears Key ResistanceSpot gold rose by $21.1 to $2,669.5/ounce, while gold futures climbed $23.5 to $2,672.5/ounce. This marks the fourth consecutive session of gains, reaching its highest level in over a week, driven by strong safe-haven demand. Key drivers include Nvidia's gloomy revenue forecast, escalating tensions between Russia and Ukraine, and the U.S. veto of a UN Security Council resolution on a ceasefire in Gaza. These factors have shifted investor interest towards gold as a safe-haven asset amidst growing uncertainties. Notably, gold prices have surged by 4% this week, the best weekly performance since April, rebounding from the sharpest drop in three years. Personally, I believe the next target is breaking the $2,700/ounce resistance level, potentially paving the way for further gains. What about you? Do you think gold will conquer this critical milestone?
OANDA:XAUUSDLong
by Mr_Siro
4
EURUSD Outlook: Bearish Continuation LikelyThe EURUSD pair remains under pressure, trading near 1.0590 as sellers continue to dominate the market. Recent attempts to recover have been capped near the highlighted resistance zone, aligning with key moving averages, reinforcing the bearish sentiment. Technically, the pair shows a clear rejection at resistance levels, suggesting further downside potential. If the price fails to reclaim 1.0786, a continuation of the downward trend is anticipated, targeting the 1.0527 support zone initially. A break below this level could open the door for a deeper decline toward 1.0500 and beyond. Traders should monitor the price action near the resistance zone closely, as any break above it could temporarily challenge the bearish momentum. However, the overall outlook remains bearish unless significant recovery signs emerge.
Short
by Mr_Siro
Update the latest gold price todayOn November 18, gold prices soared nearly $50, breaking a six-session losing streak as the U.S. dollar paused its rally and the Russia-Ukraine conflict intensified. Spot gold closed the session at $2,611 per ounce, recovering from a two-month low. The sharp rise in gold was partly fueled by U.S. President Joe Biden's announcement allowing Ukraine to utilize long-range weapons supplied by the U.S. to target deep inside Russian territory. This escalation in geopolitical tensions has significantly boosted demand for gold as a safe-haven asset. This recent rally underscores gold's resilience in times of heightened uncertainty, with investors flocking to the precious metal amid a volatile global landscape.
OANDA:XAUUSD
by Mr_Siro
5
GBPUSD: Struggling Around 1.2670 Amid Bearish PressureGBPUSD continues to fluctuate near the 1.2670 level, with recovery prospects overshadowed by a prevailing downtrend and key market dynamics. Market Influences -UK Data: Weak retail sales and manufacturing output have weighed on GBP sentiment. Upcoming inflation or GDP data may trigger volatility but remain under bearish pressure. -Fed Policy: The Fed's hawkish stance and higher U.S. bond yields continue to strengthen the USD, limiting GBPUSD's recovery attempts. -Brexit & Politics: Ongoing uncertainty surrounding UK-EU trade relations exerts significant pressure on the pound. Trend Analysis -Short-Term Outlook: The pair is trading within a descending channel, with modest recovery efforts from recent lows near 1.2600. -Key Resistance: The 1.2870–1.2910 zone remains critical; failure to break above this area could reinforce the bearish trend. -Downside Targets: Prolonged pressure may drive GBPUSD to retest the 1.2600 level, with potential extensions to 1.2500 if bearish momentum persists. Outlook The bearish trend continues to dominate unless GBPUSD breaks above the resistance zone. Traders should monitor upcoming economic releases and shifts in risk sentiment to gauge the pair's direction.
by Mr_Siro
Gold Faces Steady Decline Amid USD Strength and Fed ExpectationsGold closed the week with relatively stable movements, trading around $2,563 with a slight recovery, though the overall trend remains bearish. Despite minimal changes in price, gold stayed near its two-month low as the U.S. dollar continued its strong rally. The robust performance of the dollar and reduced expectations of aggressive rate cuts by the Federal Reserve have pressured gold, leading to its worst weekly performance in over three years. The precious metal struggled to gain traction amidst these headwinds. Looking ahead, the gold market could face further challenges. President-elect Donald Trump's proposed tariffs may drive inflation higher, potentially slowing down the Fed's rate-cutting cycle. Rising interest rates make gold less attractive as investors turn to higher-yielding assets, leaving the metal at a disadvantage.
OANDA:XAUUSDShort
by Mr_Siro
4
GBPUSD Faces Continued Pressure with Key Support Levels in FocusThe GBPUSD pair remains under bearish pressure as it trades near 1.2616, consolidating within a downward trend. Recent price action highlights a breakout below key support levels, reflecting the dominance of sellers. Technical indicators such as the EMA 34 and EMA 89 confirm the downtrend, while resistance levels near 1.2664 continue to cap any upward attempts. The recent breakout below the blue support zone signals potential for further downside, with 1.2540 emerging as the next target if bearish momentum persists. The overall trend suggests a strong influence of USD strength, driven by market expectations and global economic developments. For traders, the area near 1.2650 may provide a retest opportunity, but the broader sentiment remains in favor of sellers until significant bullish signals emerge.
Short
by Mr_Siro
1
EUR/USD Slips Amid Strong Downward MomentumThe current downtrend in the EUR/USD pair is evident, with the price testing a critical support level around 1.0550. Over the past few months, EUR/USD has consistently depreciated, largely driven by the strengthening of the USD and unfavorable factors for the Euro. This support level has previously acted as a From a technical perspective, if this support zone fails to hold, the price is likely to continue its decline towards the next level around 1.0311, according to Fibonacci levels. This is a strong psychological level that could further pressure investors looking to maintain long positions. Signals from the moving averages also confirm the bearish trend, as these lines are aligned above the price, reinforcing the negative outlook.
Editors' picks
Short
by Mr_Siro
2
GBPUST: Sell to win ! The GBP/USD pair is currently trending downward, with prices continuing to slide after encountering resistance. At present, the pair is hovering around the 1.2685 mark, with potential for further declines if it fails to recover above the resistance zone. This area around 1.2875-1.2972 has proven to be a significant resistance level, where sellers have previously regained control. If the downtrend continues, GBP/USD may target the support area near 1.2550, which could provide some stabilization for the pair. However, a break below this support could lead to a deeper decline. Traders are advised to watch for any potential reversal signals around the resistance area.
Short
by Mr_Siro
GBPUSD Eyes Further Downside Amid Strong ResistanceGBPUSD is currently facing downward pressure, trading near resistance zones around 1.27796 and 1.28758. Recent price action has shown a struggle to gain upward momentum, with sellers stepping in around these resistance areas. This setup suggests a potential continuation of the bearish trend, especially if the pair fails to break above the highlighted resistance levels. Technically, GBPUSD is forming a descending pattern, indicating that sellers may remain in control. If the price cannot sustain any upward push, it may target lower levels, with possible support around 1.26817. Should this support give way, the next target could extend towards 1.25500 or lower.
Short
by Mr_Siro
Gold Price Tests Key Support Amid Downward MomentumThe current gold price is testing support around $2,560, reflecting a downward trend that began after reaching recent highs. The resistance at $2,607 has proven resilient, contributing to the bearish sentiment as prices struggle to regain momentum. If gold fails to establish a reversal pattern above this support level, we could see further declines toward the next key support zone around $2,480. This area is highlighted as a potential bounce-back region, where buyers might re-enter the market. However, any recovery will need to break above the previous resistance to shift the trend back to a bullish stance.
OANDA:XAUUSDShort
by Mr_Siro
4
EURUSD : Sell ​​when the price decreases !The EUR/USD pair is currently facing a strong resistance zone around 1.0710, which could determine its next directional move. Recently, the pair has shown a bearish trend, with each attempt at recovery met by selling pressure at key levels. If sellers maintain control, there is potential for further declines toward lower support levels. From a technical perspective, the price has respected a descending trend and remains below the key moving averages, signaling continued downside risk. Should the resistance hold firm, a retest of recent lows or even a further slide could be anticipated.
Short
by Mr_Siro
Gold Prices Drop Amid Strong Dollar SurgeGlobal gold prices have seen a sharp decline, with spot gold dropping by $24.7 to $2,597.9 per ounce, marking the lowest level in nearly two months. This downward trend reflects the pressure from a robust recovery of the US dollar, as the US Dollar Index has climbed to its highest level in four months. This strength in the dollar makes gold more expensive for buyers holding other currencies. In my view, the strengthening USD is a primary factor putting pressure on gold prices, especially as the inverse relationship between gold and the dollar has re-emerged strongly following the US presidential election. Potential policies from President-elect Donald Trump could benefit the USD, with US interest rates likely remaining high for an extended period—a scenario that is generally unfavorable for gold.
OANDA:XAUUSD
by Mr_Siro
3
GBPUSD: Continue to prioritize selling The GBP/USD pair extended its decline, dropping below 1.2810 in Tuesday's trading session at the time of writing. The U.S. dollar remains robust as Trump-related trades continue to gain momentum, keeping the downward trend in the major currency pair intact after breaking through chart-marked support levels. On the USD side, the potential for the Trump administration to propose policies like high tariffs, tax cuts, and interference with the Federal Reserve's monetary policy could strengthen the dollar and bond yields, creating additional resistance for GBP/USD.
Short
by Mr_Siro
BTCUSDT Analysis: Bullish Momentum and Key Support ZonesBTCUSDT is currently trading around 75,740 USDT after a recent bullish push, suggesting strong upward momentum. The chart shows clear support zones (highlighted in purple) that Bitcoin could revisit in case of a pullback, specifically around 74,000 USDT and 72,500 USDT. If BTC holds above these support levels, it could gain further traction to reach new highs, with targets in the 78,000 USDT - 80,000 USDT range. The current trend suggests that if Bitcoin retraces and tests the support, it could present a buying opportunity for traders looking to join the next potential leg up. Keep an eye on these critical levels, as a break below the 72,500 USDT support might indicate a shift in trend. However, for now, the bullish scenario remains intact, with promising upside potential if buyers continue to dominate.
by Sanhara
BTCUSDT: Long-Term Upside Despite Short-Term Dip ?BTCUSDT Holds Steady in a Downtrend – But Long-Term Growth Still in Sight BTCUSDT is currently trading around 68,045 USDT, continuing its downward trend. However, in the bigger picture, the coin remains within an ascending channel, hinting at the potential for future gains. From a technical perspective, I’m watching closely for a buying opportunity as the price approaches the lower boundary of this parallel channel. What about you? Do you see the same potential setup?
Long
by Sanhara
Gold Prices Continue to Surge, Reaching New HighsHas everyone seen today’s news on gold prices? Gold never ceases to fascinate me – what a fantastic day! Gold prices today have continued their strong rise, setting a new record. This rally is driven by investor concerns ahead of the upcoming U.S. presidential election. During times of political instability, gold is often viewed as a safe-haven asset, attracting strong capital inflows. Additionally, concerns about the global economic situation are adding to gold’s appeal. Looking at the technical chart, gold’s price is supported by the 2,749 and 2,715 levels, giving it a double layer of strength and making it easier to break the 2,787 resistance level. The upward trend is further reinforced as the 34 EMA and 89 EMA lines have yet to show any signs of reversal. From these positive indicators, investors can anticipate a continued short-term upward trend. If gold maintains above these support levels, a new peak is certainly within reach. Do you think gold will keep rising, or will it give us a scare with a reversal? Let me know what you think!
OANDA:XAUUSD
by Alisa_Rokosz
EUR/USD Drops Close to 1.0800Join Alisa for the latest update on the EUR/USD currency pair! The Euro is under pressure due to expectations from the ECB regarding a potential cut in deposit interest rates. Currently, the market is pricing in nearly a 50% chance of a 50 basis-point rate cut in the December meeting. Additionally, the EUR/USD pair’s weakness is compounded by a strengthening USD amidst the uncertainty surrounding the U.S. presidential election, as the race is nearly tied ahead of November 5th. All these factors paint a rather bleak outlook for the Euro in the near term. EUR/USD declined after two days of gains, trading around 1.0818 during Asian hours on Wednesday. Looking at the technical chart, the 34 and 89 EMAs have reversed, further reinforcing the downtrend for this pair. With significant resistance at 1.0823, the EUR/USD pair is likely to pull back toward the support level at 1.0813 and may even continue its decline to the previous support at 1.0797. The current situation indicates that the Euro may continue to face challenges, and investors should closely monitor upcoming developments to make informed decisions in this context.
by Alisa_Rokosz
Gold Price on October 30, 2024: Reaching a New RecordAs I predicted yesterday, gold prices have reversed and surged sharply. This increase is driven by concerns surrounding the U.S. election, tensions in the Middle East, and expectations that the Federal Reserve (Fed) will cut interest rates in November. All these factors have propelled gold to an all-time high. Furthermore, the intensifying competition between Donald Trump and Kamala Harris ahead of the November 5 election has also contributed to this upward momentum. Examining the technical chart, gold is trading around 2,778, up by 0.1%. In an upward price channel, gold is gaining momentum, moving towards new targets. If this trend continues, gold may conquer the next resistance levels, with the 2,800 mark within sight. Technical indicators like the RSI and MACD are also showing strong buy signals, further strengthening the positive outlook for this precious metal. Does anyone else share my prediction? If you have more solid insights, feel free to comment and let me know!
OANDA:XAUUSD
by Alisa_Rokosz
The Japanese Yen Weakens Below 153.00 Against the USDHere’s a hot update on the USD/JPY pair from Alisa, everyone! The situation is getting intense. The Japanese Yen is facing increasing complexity as it encounters multiple opposing pressures. With the DPP leader’s opposition to rate hikes, optimistic market sentiment, strong USD buying pressure, and concerns over potential intervention by the Japanese government, a chaotic picture is emerging for the USD/JPY pair. Investors are cautiously awaiting the Bank of Japan’s decision and upcoming U.S. economic data to make their next move. The USD/JPY pair is trading around 153.26, indicating strong short-term fluctuations. The 1-hour technical chart signals a downward trend, with support at 152.831 and resistance at 153.278 being key focus points. Although the pair attempted to break through the resistance level, selling pressure quickly pushed the price back down. Without any new supportive factors, it’s likely that the pair may break through the support level, opening the door for a deeper decline. Will the USD/JPY continue to drop, or are we in for a surprising rebound? What do you all think?
by Alisa_Rokosz
Gold Pauses Amid Pressure, but the Future Remains BrightThe record-breaking rally in gold has come to a halt as the USD strengthens and U.S. Treasury yields reach their highest level in three months. Meanwhile, investors are awaiting key U.S. economic data to gauge the Fed’s next move, which is also pressuring gold prices. However, Alisa predicts that if the market expects continued rate cuts, investment demand for gold will rise further, pushing prices up. The technical chart shows two strong support levels at 2,732 and 2,747, which could serve as a robust base for gold to gradually return to an uptrend. Although gold is currently experiencing a slight decline, this is likely temporary as investors await new signals. The forecast suggests that if gold can regain upward momentum, it could reach $2,900 per ounce within the next 12 months.
OANDA:XAUUSD
by Alisa_Rokosz
The new week has brought a "shocking" piece of news for goldThe US dollar’s strong appreciation in the international currency basket has placed significant pressure on gold prices. Moreover, a series of positive US economic data released at the beginning of the week has prompted investors to take profits, driving gold prices down sharply. Additionally, the sharp rise in US government bond yields has further reduced gold’s appeal today. Currently, gold is trading around $2,741 per ounce, down 0.2% from the previous session. On the technical chart, gold is forming a downward price pattern and facing selling pressure at the $2,747 per ounce resistance level. In the short term, there is a high probability that gold prices will continue to adjust downward if no new supportive factors arise. However, with fundamental factors supporting a long-term increase in gold prices, there remains a realistic possibility that gold could break through current resistance and resume its upward trend. Investors should closely monitor both technical and fundamental signals to make well-informed trading decisions.
OANDA:XAUUSD
by Alisa_Rokosz
EUR/USD: Pausing at ResistanceHas everyone updated themselves on the EUR/USD pair? Let’s predict where it might go today! The EUR/USD pair is moving sideways in the Asian session, despite a slight rise yesterday. While the USD has softened a bit due to declining interest rates and stable stock markets, concerns about the U.S. economy and geopolitical risks continue to support the greenback. Additionally, weak eurozone PMI data and the ECB's potential policy easing add pressure on the euro. On the 4-hour technical chart, the EUR/USD pair is in a downtrend. Resistance at 1.082 has become a barrier, limiting the pair's chances of a recovery. We should also watch two support levels: 1.080 and 1.077. If the pair breaks below the 1.080 support level, a further decline becomes highly likely. What are everyone’s thoughts on this pair? Let me know!
by Alisa_Rokosz
2