Forex Academy

👑 Ideas For XAUUSD / GOLD
📈 GOLD → Retest of the lower boundary of the range in a ↑ market
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continues to correct, but at the moment there is nothing terrible, the price is directed to the support to retest the liquidity area

The continuation of the 1997 - 1964 consolidation on the gold market or the beginning of the correction may trigger the dollar, which most likely lost the influence of the NFP and is forming a pullback after the breakout of the range. If the dollar returns to the 105-107 range again, the market will continue to stand still. Either the dollar is still waiting for more influential news, such as rate related news, which may be hinted at by the Fed chief, who spoke twice this week. There is now an increased likelihood of monetary policy easing, which could weaken the dollar, but let's not jump to conclusions.

From the TA point of view: gold is directed to the area of 1964, where there is a huge pool of liquidity, the market can test this area before further breakout - standard trading strategy inside the range (buy at support, sell at resistance).

Support levels: 1964.4, 1961
Resistance levels: 1974

Gold is inside the range and the reaction of the price to the support, as well as the reaction of the dollar, will determine the further scenario in the market. In the long term, I expect growth after a false breakout of support.
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👉New forecast
The price perfectly fulfills my last idea. The gold market is moving towards support level. It broke the previous weekly low. The price broke and fixed below the range zone as well after impulse leg. I think the market may go up for a pullback. The resistance zone between 1978 - 1980 pushed price lower and higher. Probably it will push price again if the market shows some lost momentum or rejection. My goal is the support at around 1960.
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Begin your trading journey now – simply click the link to get started!"
XM broker:
Homepage
https://clicks.pipaffiliates.com/c?c=860846&l=en&p=0
Real account:
https://clicks.pipaffiliates.com/c?c=860846&l=en&p=1

Exness broker:
Mainpage
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Register
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💡 Ideas For BTCUSD🪙
📈 BTC → A bull market only increases interest
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has recently formed quite a few preconditions for further growth, the golden cross attracts the attention of many, but what else is happening with the flagship of the cryptocurrency market and what to expect next?

There has been a wave of positive momentum in the digital asset markets due to speculation that the US Securities and Exchange Commission is on track to approve its first spot Bitcoin ETF.
On the back of this data, BTC is breaking through the 34000 resistance and the upper boundary of the ascending channel. With the price consolidating above this support zone, the next active growth phase will come quite quickly.

Position accumulation is forming at the current level of 34000-35000. The market is still in a positive state as a lot of news and rumors have been forming lately that foreshadow the approval of ETFs this year:
• November 2 - SEC, in a closed session, will reconsider Grayscale's application for a spot BTC-ETF (although they recently wanted to put it on hold, but a U.S. court wouldn't allow it)
• SEC will approve applications for spot BTC-ETFs by the end of November - Valkyrie's top manager

Support levels: 34000, channel resistance, 32000
Resistance levels: 35250, 1.618 fibo, 37600

I expect the price to consolidate above the support, maybe some more support retests or even false breakdowns, but in the short term I expect a rise to 40600, then to 2.618 fibo
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