The Momentum oscillator crosses the 100-line downwards, confirming the bearish sentiment.
#TradeIdea
Hit
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โค48๐ฅ8๐5๐ฑ2๐2๐ฏ2๐2โก1๐ฅฐ1๐1
The asset corrected to the 61.8% Fibonacci level of the last impulse, after which the price started rising and updated the local high, breaking the structure to the long side. A โhead and shouldersโ pattern has also formed on the chart.
The price is now testing resistance at 0.6620. If it breaks, the upward movement will continue!
#TradeIdea
Hit
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โค41๐ฅ9๐7๐3๐3๐ฏ2
What do you think? Click
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โค60๐5๐ฅ4๐3๐ฅฐ2๐ฏ2
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โค49๐ฅ10๐6โก4๐ฏ4๐ญ3๐2๐ฅฐ1๐1๐ฑ1๐1
Optimism, growth, strength โ the month favors bullish momentum.
Some unseen factors (macro, politics, USD) may affect the market under the surface.
Possible stagnation or sideways consolidation without a clear breakout.
Safe-haven demand could return and push gold higher.
Balance between holding positions and taking profit is essential.
If gold maintains its fundamental and technical trend, we could see it testing $4,200 โ $4,400 this month.
Still, due to overbought conditions and potential dollar rebounds, itโs wise to consider partial profit-taking at major resistance levels.
Hit
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โค80๐12๐ฅ6๐6๐คฃ4๐ฑ2๐ฟ2๐ฅฐ1๐คฉ1๐1๐ณ1
Forwarded from FBS Market News
However, private reports (such as ADP Employment Change, ISM, etc.) continue to be released on schedule since they are published by independent organization
#Shutdown #USA #Nonfarm
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โค53๐17๐จ10๐ฅ7๐คฏ7๐ฑ3๐3๐ฅฐ1
What methods do you use in trading?
(choose all that apply)
(choose all that apply)
Anonymous Poll
75%
๐ Technical Analysis
45%
๐ Fundamental Analysis
37%
๐ง Smart Money Concepts (SMC)
4%
๐ Astrotrading (Financial Astrology)
4%
๐ Tarot / Esoteric methods
8%
๐ค Algorithmic / Quantitative Trading
17%
๐ฎ Sentiment / News-based Trading
5%
โ๏ธ Other (please comment)
โค70๐22๐ฅ14๐ค8๐ฑ3๐3๐3๐ฅฐ2๐2
Forwarded from FBS Market News
๐บ๐ธThe US Department of Labor will not release the September Non-Farm Payrolls report due to the government shutdown.
โ๏ธAll statistical publications are suspended while the shutdown remains in effect.
#Shutdown #USA #NFP #Labor
โ๏ธAll statistical publications are suspended while the shutdown remains in effect.
#Shutdown #USA #NFP #Labor
๐ข34โค28๐คฃ19๐ฑ11๐คฏ8๐6๐ฅ4๐3๐ญ2
#MarketNews
Useful insight? Hit
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โค59๐7โก6๐ฅ4๐4๐ฅฐ3๐2๐1๐1
#TradeIdea
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โค54๐8๐ฅ7๐คฉ3๐คฃ3๐2๐ฅฐ1๐1
The Momentum crosses the 100-line confirms the bullish sentiment.
#TradeIdea
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๐น๐ทTR ๐ช๐ธESP ๐ฎ๐ฉID ๐ต๐นPT ๐ต๐ธAR
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โค113๐13โก5โ5๐ฅ4๐3๐ณ3๐คฉ2๐2๐ฅฐ1๐ฟ1
#TradeIdea
Click
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๐25โค17๐ฅ5๐4๐ณ3๐ฅฐ2๐1
The price is testing the 47.60 resistance, with a further scenario:
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โค43๐7๐ฅ7๐คฉ4๐3๐ฏ2๐2๐คฎ1๐1
A โbull flagโ pattern has formed on the chart, and the price has now approached the upper boundary โ the resistance level at 4445. A breakout of this level could open the way for further growth. The MACD indicator also points to upside potential.
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โค42๐ฅ10๐6โก4๐3๐ฅฐ1๐1
The price has broken the local uptrend and continues moving lower. The asset is now testing the support level at 64.90. If this level is broken, the decline will intensify.
#TradeIdea
Hit
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โค28๐ฅ9๐8๐3๐2๐ฅฐ1๐ณ1๐1
How do you like this instrument? Click
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โค36๐9๐ฅ9๐4๐3โ2๐ฅฐ1๐ฑ1๐ฉ1
#Education
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โค89๐16๐ฅ13๐ฑ6๐ฅฐ5๐4๐ฏ3๐2๐2๐2
#MarketNews
It's Friday, guys! Hit
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โค74๐14๐ญ6โก4๐ฅ4๐2๐2๐ฑ1๐ข1๐1
#TradeIdea
Click
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๐น๐ทTR ๐ช๐ธESP ๐ฎ๐ฉID ๐ต๐นPT ๐ต๐ธAR
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โค133๐ฅ16๐12๐คฃ6๐4๐3๐2๐คฉ1๐1
The 50-MA gives additional support for the asset, while the RSI crosses the mid-line downwards.
#TradeIdea
Do you agree, guys? Then hit
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โค37๐ฅ7๐3๐ณ3๐ฏ3