Deep Downtrend and Gap AnalysisThe GBP/USD 4-hour chart shows a clear downtrend, with price consistently moving below both the 34 and 89 exponential moving averages (EMAs), which is a clear indication of the strength of the current downtrend. These EMAs are also acting as strong resistance levels, preventing any further price recovery.
From the chart, it appears that a gap has been created during the price decline. In the short term, if price starts moving back to “fill the gap” and breaks above this level, it could signal a reversal or at least some stabilization before resuming the current trend. However, if price continues to fall and fails to return to fill the gap, this would further reinforce the downtrend and could test lower support levels.
Signals
Gold : The fundamental context and goals have both changedOANDA:XAUUSD The breakout of the local downtrend channel has disadvantaged sellers. The fundamental background is changing, despite continued USD buying and the prevailing risk-off environment, which overall favors gold as a safe-haven asset during times of crisis.
The stronger USD, supported by the ongoing "Trump trade" rally, and US bond yields have rebounded across various maturities.
Despite the optimism around the USD, gold prices remain resilient and benefit from escalating geopolitical tensions between Russia and Ukraine.
Therefore, gold prices are likely to continue their growth in the near term before today’s scheduled news (PMI)... However! Since this is pre-news before session closing, reactions may consolidate for sellers before further strengthening.
Technically, gold has every opportunity to retest the boundaries of the previously broken channel. However, based on fundamental news and technical factors, we can conclude that further growth may continue.
Prices are heading toward a liquidity zone, from which a correction may occur, followed by expected further strengthening in the near term. But in any case, I prioritize and consider buying upon a clear breakout of gold at 2686 - 2700, targeting the medium-term highs as outlined on the chart.
Gap Analysis and Gap Filling PotentialThe EUR/USD chart shows a gap, which occurs when the price jumps across a certain range without any trading taking place between the two prices. Currently, the price pattern suggests that there is a possibility of a gap filling, meaning that the price could move back to fill the gap in the near future.
This usually happens when the market reacts to a sudden and unsustainable price move. The gap filling is likely to occur if EUR/USD continues to decline and approaches the key support level at 1.0400, a point where many traders may use to re-price or place new buy orders. This is an important move to watch, as it could influence the short-term trend and momentum of the market.
Gold Rebounds Strongly After US ElectionThe current chart shows that gold has made an impressive recovery after two consecutive weeks of losses, with a clear increase, marking an increase of $135/ounce in the past week. This comes amid a gradual replacement of the pessimism following Donald Trump's election victory by renewed optimism among traders and experts.
Through chart analysis, it is clear that gold is in a strong recovery process. The short-term EMA has crossed above the long-term EMA, indicating a positive trend reversal. This is in line with the results of the latest Kitco News survey, where the majority of experts (89%) and retail traders (66%) predict that gold prices will continue to rise in the coming week.
Looking ahead, I expect this optimism to continue to support gold prices, at least in the short term.
Gold Surges: Political Momentum and New OutlookAmid the escalating Russia-Ukraine conflict, gold witnessed a sharp increase in price, closing at $2,716/ounce, reflecting strong demand for safe-haven assets. This recovery was evidenced by the price of gold breaking above both the 34 and 89 EMAs, indicating a reversal from the previous downtrend and opening up a positive outlook for prices in the short term.
I assess that global political factors along with the upcoming US economic policy will continue to be the main factors affecting gold prices. Investors should pay attention to these developments when making investment decisions in the current context.
EUR/USD Faces Strong Bearish Pressure: Is 1.0390 a Stop?The EUR/USD chart is currently showing a clear bearish trend as the price continues to stay below both the Bollinger Bands and the SMA. In particular, the downward cross of the SMA by the price line indicates that the bearish momentum is still very strong.
From a technical perspective, the next important support level could be at 1.0390, if the downtrend continues. It will be important to monitor whether EUR/USD can stabilize and recover at this level, or if it continues to decline. The recovery could be difficult as the short-term moving average (SMA) and the Bollinger Bands are still above the current price, forming strong resistance.
Overall, the current trend shows challenges for the euro, and I will continue to closely monitor the technical indicators to adjust my trading strategy accordingly
ChainGPT Holding Strong at $0.140: Can ChainGPT Go Up 1300%?ChainGPT Holding Strong at $0.140: Can ChainGPT Go Up 1300%?
🔹 Current Price: $0.140, sitting at a strong support zone.
🔹 Accumulation Zone: $0.140 - $0.115 (Green box).
🔹 Expectations: Big potential gains for $CGPT!
🔹 Long-Term Target: $1.40 (HTF Parallel Channel Resistance), which is ~1300% from the accumulation zone.
Targets:
1️⃣ $0.180
2️⃣ $0.270
3️⃣ $0.47
4️⃣ $0.80
5️⃣ $1
6️⃣ $1.50 🚀
Stop Loss: If the price drops below the green box, it may turn bearish.
DOT/USDT 500% Potential: will it Hit New ATH ?#Polkadot ( CRYPTOCAP:DOT ) Bullish Chart Analysis
🔹 Performance: In just 25 days, DOT has surged 180%, showing strong bullish momentum.
🔹 Entry Strategy: Price is settling—look for the best entry zone for potential gains.
Best Entry Zone: $7.80 - $6.50 (Key FVG area).
Targets: $16 / $23 / $32 / $45 / Bonus Levels 🚀
Red Box Insight:
Strong Resistance Zone: Watch the red box closely.
Breakout Potential: If DOT breaks the red box, it could trigger a massive upward rally.
Support Flip: After breaking, this resistance will turn into a strong support zone.
⚠️ Risk Note: This entry carries risk. If you decide to enter, use a minimum amount and manage your risk carefully.
$MKR Chart Looks Strong: Heading for a New All-Time High?ASX:MKR Chart Looks Strong: Heading for a New All-Time High?
#MAKER is looking strong and trying to break through the red resistance zone. If it breaks this level, the price could go as high as $6000, reaching a new all-time high!
Key Details:
▪️ MKR is breaking a major resistance level.
▪️ Based on past patterns, MKR could give up to 500% gains from here.
My Plan:
▪️ Entry Zones: $1700 - $1600
▪️ Targets: $2800/$3775/$5800/ New ATH
▪️ Stop Loss: $1400
Stay tuned! This could be a big move for #MKR 🚀
$MKR Chart Looks Strong: Heading for a New All-Time High?ASX:MKR Chart Looks Strong: Heading for a New All-Time High?
#MAKER is looking strong and trying to break through the red resistance zone. If it breaks this level, the price could go as high as $6000, reaching a new all-time high!
Key Details:
▪️ MKR is breaking a major resistance level.
▪️ Based on past patterns, MKR could give up to 500% gains from here.
My Plan:
▪️ Entry Zones: $1700 - $1600
▪️ Targets: $2800/$3775/$5800/ New ATH
▪️ Stop Loss: $1400
Stay tuned! This could be a big move for #MKR 🚀
EUR/USD: Bearish Pressure Continues, 1.0560 Is KeyEUR/USD on the 1-hour chart is currently showing signs of a slight recovery from the lows around 1.0520. However, the main trend is still tilted to the downside as the EMA 34 and EMA 89 continue to lie above the price, reflecting that selling pressure has not abated.
Personally, I think the bearish trend is still dominant and the 1.0560 area will be the deciding point whether the exchange rate can continue to recover or not. If it fails to overcome this resistance area, the possibility of EUR/USD continuing to fall to the 1.0520 area and even deeper is very high.
Will $2,640 Hold Amid Volatility?After a strong rally, gold is facing some downside pressure from its new highs. Specifically, the daily chart shows that gold has hit a key resistance level at $2,678/oz and is currently showing signs of a slight recovery.
Personally, I believe that gold is still in the accumulation phase after a strong rally, and the selling pressure may not be over yet. The next important support level to watch is $2,640, which corresponds to the 0.618 Fibonacci level. This will be the deciding point whether gold continues its downtrend or starts to recover. If gold fails to hold this support level, we could see a deeper decline towards $2,600/oz.
Overall, given the current situation, I advise investors to be cautious and prepare for a scenario where gold could fall further if the next support levels are not held. At the same time, investors should also closely monitor market developments to quickly update and respond promptly to changes in gold price trends.
Can $DAO Hit 5x-10x? Key Resistance Break Could Be the Trigger Can NYSE:DAO Hit 5x-10x? Key Resistance Break Could Be the Trigger 🚀
The DAO/USDT chart is showing potential for a major breakout. If the key resistance at $0.50 is broken, we could see explosive gains of 5x-10x.
However, liquidity is low, which means high risk—invest cautiously and with proper risk management.
Key Levels to Watch:
Entry Zone: $0.35 - $0.44
Stop Loss: $0.23
Targets: $1/$1.88/$2.50/$5
I remain bullish on #DAO but always trade wisely ⚠️
Will 1.2590 Support Hold?On the hourly GBP/USD chart, it is clear that the British pound is under pressure. The price is currently trading below both the 34 EMA and the 89 EMA, which is a sign that the downtrend is still intact. The fact that the 34 EMA is below the 89 EMA suggests that the downtrend could extend.
In recent hours, it seems that the price has tested the support around the 1.2590 area but has not been able to recover above the 34 EMA, which indicates weakness in the GBP recovery attempt. If this support level is broken, we could see GBP/USD continue to decline to new lows.
EUR/USD In Bear RaceThe EUR/USD chart is showing a clear bearish trend, with the price moving below both the 34 and 89 EMAs, indicating strong selling pressure. The 34 EMA has crossed the 89 EMA and is heading downwards, further reinforcing the bearish trend. The fact that the price continues to stay below these two EMAs is not a very optimistic sign for those who are expecting a recovery in the euro against the US dollar.
In the current scenario, the next important support point could be the 1.0400 area. If EUR/USD continues to decline and breaks this level, we could see a deeper decline, testing new lows. This requires traders to keep a close eye on the market developments and be ready to adjust their strategies to suit the current trend.
From a technical perspective, the current recovery appears to be just a technical recovery before the continuation of the downtrend. This increases the possibility of further declines, especially when there are no clear signs of a trend reversal. Investors need to carefully consider the risks and have a suitable capital management plan to avoid unnecessary losses in the current context.
EURUSD : Realization continues, risks increase!Dear traders,
EURUSD is currently in a bearish "flag" phase this Friday morning in Europe, influenced by risk-off flows stemming from escalating geopolitical tensions between Russia and Ukraine and concerns over potential U.S. tariffs on the EU... Now, there is nothing stopping it from further distribution.
Key news is on the horizon that traders should approach with caution. A Fed rate cut. And the question is no longer "when" but "how much" the Fed will cut amid persistently high inflation over the past few months.
From a technical perspective, the focus is on resistance levels at 1.055 and 1.054, which is the (fib 0.618). A gradual retracement and retest will increase the chances of a breakout.
Now, selling pressure on this currency pair is intensifying, prices are entering a risk zone, and buyers are becoming increasingly cautious. We are monitoring the next key downside targets at 1.047-1.044...
USD/JPY Slight Correction After UptrendUSD/JPY is trending around 155, after a slight decline from the peak near 155.5. On the H4 chart, the price is testing the EMA 34, while the EMA 89 provides strong support at 154.0.
The nearest resistance is at 155.5, if broken, the price may continue to increase to the 156 area. On the contrary, if strong selling pressure causes the price to break the EMA 34, the target will be the 154.0 - 153.8 area.
Personal opinion: Currently, USD/JPY is in a state of hesitation, due to the lack of new momentum in the market. I expect the price to accumulate around this area before a clear breakout. Traders should monitor US economic data or any developments in bond yields to determine the next trend.
Gold: Are Buyers Still Motivated?OANDA:XAUUSD extended gains for a third straight day, ignoring a rising US dollar as risk-off sentiment boosted safe-haven assets. The yellow metal has gained more than 3.40% on the week, with buyers eyeing the $2,700 mark.
Technically, gold is in a bullish trend today on most timeframes after buyers accepted the $2,750 level, but buyers must overcome key resistance levels ahead. A break of XAU/USD around $2,658 could see acceptance around $2,700. A break of the latter would expose the November 7 high of $2,710 and the psychological $2,750 figure.
Conversely, sellers would gain the upper hand if the unprofitable metal falls below $2,600. The bearish bias continues to be seen, with the next support level being the 100-day Simple Moving Average (SMA) at $2,550. The bears could target the November 14 low of $2,536, followed by a drop to $2,500 for XAU/USD.
Gold Price Increases for 3 Consecutive SessionsWorld gold prices continued to increase for the third consecutive session, currently trading around 2,650 USD/ounce, up a total of 88 USD in the past three days. The main driving force of the uptrend comes from safe-haven demand due to escalating geopolitical tensions between Russia and Ukraine, along with the potential impact of US President-elect Donald Trump's economic policies.
On the 1-hour time frame, the EMA 34 and EMA 89 are providing good support for the uptrend, showing the strength of the buyers. The nearest short-term resistance is at 2,670 USD/ounce, if broken, the gold price may continue to increase to 2,680 - 2,690 USD/ounce. The current strong support is around 2,640 USD/ounce, if broken, it may pull the price down to 2,620 USD/ounce.
Personal opinion: The current uptrend is still maintained thanks to the positive sentiment in the gold market. However, the $2,650 - $2,670/ounce area is an important resistance level to watch. If the buyers cannot maintain the pressure, the price may correct slightly to accumulate before continuing the uptrend.
Note that the US interest rate policy in December may create a short-term correction period, but in the long term, gold is still very attractive due to geopolitical and macroeconomic instability. Personal opinion: If the price breaks the resistance, this is a good opportunity to consider continuing to buy orders.
Gold Price Approaches Important Resistance ZoneGold is currently trading around $2,638/ounce, continuing its strong rally after rising $48 in the previous session. The main drivers of the rally are geopolitical tensions and the stability of the USD.
Gold is in a strong recovery phase from its low around $2,580. However, the medium-term downtrend has not been broken yet as the EMA 89 is still acting as resistance.
Resistance and support:
Nearest resistance: The $2,650-2,660 area, which coincides with the EMA 89. This is an important area to confirm a bullish reversal.
Support: The $2,600 area, if broken, gold could retest the old low around $2,580.
Price pattern:
On the 4-hour chart, gold is approaching an important resistance zone. If there is a price rejection signal, the possibility of correction will be very high.
Personal opinion:
Gold price is likely to test the $2,650-2,660 zone in the short term. However, with current technical indicators, selling pressure at the resistance zone will be very high. If the price fails to break through this zone, the possibility of correction back to $2,600 is quite high. On the contrary, if it breaks through, the next target will be $2,700.
Trading strategy:
Sell at the $2,650-2,660 resistance zone, set Stop Loss at $2,670, Take Profit at $2,600.
Buy when the price breaks through $2,660, set Stop Loss at $2,640, Take Profit at $2,700.
EUR/USD: Bearish Trend Continues to PrevailEUR/USD is in a strong downtrend with momentum from both price action and technical indicators. The sellers continue to control the market and the main target is still the $1.0449 area, followed by $1.0300. Traders need to monitor price action at support/resistance zones to find suitable entry points and manage risk carefully.
Gold --> Bear Market Heating Up? Resistance AheadOANDA:XAUUSD rising after a false breakout of 2547. Fundamentally, the situation is quite complicated as well as technically...
The metal price is positively affected by the escalating Russia-Ukraine war, making gold more attractive to investors as a safe-haven asset.
In addition, the appeal of gold is reinforced by geopolitical tensions, economic risks and a low interest rate environment. Fed officials are expected to speak this week, thereby providing more details on the US interest rate cut roadmap. Currently, according to traders' predictions, there is a 62% chance that the Fed will cut interest rates by 25 basis points in December... Theoretically, it is still unclear whether gold can maintain its bullish momentum as prices are approaching strong resistance and traders are cautious as they wait for new signals on the Fed's interest rate outlook.
Technically, gold is in the range of 2643 - 2626. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. The situation is complicated by the mixed fundamental backdrop. A false break of 2647 and consolidation below this area will strengthen the selling pressure. But there is a possibility of a retest of 2686 (order block area) before the decline continues. The expected decline will reach the levels of 2547 - 2471 respectively.
Rate, share your opinion and questions, let's discuss what's going on with.
Trend continuation or correction?Both EMA 34 and EMA 89 are sloping up, creating a strong uptrend support structure. This is a positive signal for buyers. The price is consolidating around the 154.50 - 155.00 area, close to the psychological resistance. The recent upward momentum is still maintained, but there are signs of slowing down.
USD/JPY is still receiving support from US bond yields, as the 10-year yield remains high. This increases the strength of the USD.
However, profit-taking pressure may occur if USD/JPY fails to break above the current resistance zone.
Personal opinion:
If the price breaks above 155.00, USD/JPY may extend its upward momentum, heading towards 156.00. However, if strong selling pressure appears, the price may adjust to the support zone of 154.00 - 153.50 before deciding on the trend.