Descending Channel

GOLD - A short squeeze could trigger a decline IC:XAUUSD on Friday attempted to strengthen within a strong downtrend supported by an unstable fundamental backdrop. However, the rise was stopped... The correction in the market began after Warsh's remarks about uncertainty regarding his actions, which was interpreted as a signal for a pause rather than a rate hike. However, the dollar remains strong (bouncing from support), while aggressive oil growth and a weak fundamental backdrop are holding back gold. Escalation of the conflict in th

GOLD - A short squeeze could trigger a distribution IC:XAUUSD remains under pressure from the bearish trend. The attempt to buy back part of the decline was a phase of liquidity accumulation before the continuation of the drop. The fundamental backdrop remains weak for the metals market. The market estimates the probability of a Fed rate hike in December at 94% (CME FedWatch). The dollar holds its gains thanks to recovering Treasury yields and high oil prices, putting pressure on gold; the dollar also received safe-haven inflows on Monday d

EURUSD: Descending Trendline Resistance Bearish Channel in Focus 🔹 EURUSD continues to trade within a descending channel, reflecting a bearish market structure with persistent lower highs and lower lows. Recent price action shows a short-term recovery toward the upper channel boundary, followed by rejection near the 1.1230–1.1260 area. The highlighted support zone around 1.1120–1.1140 remains important, while the liquidity area near 1.1390–1.1410 represents a potential upside objective if bullish momentum strengthens. Price consolidation around the current le

XAUUSD: Descending Channel Bearish Continuation.Executive Summary Gold Spot (XAUUSD) is currently demonstrating a reliable bearish continuation pattern after encountering strong resistance near the upper boundary of a macro descending channel on the one-hour timeframe. Following a corrective consolidation phase that broke downward, the core market thesis anticipates continued downside momentum. The expected downward movement targets primary support at 4,111.92, representing an approximate 1.3 percent decline, and extends toward secondary sup

by thetradeguru_fx

Hang Seng: descending channel base,histogram inflection!Due to two factors that have kept institutional buyers on the sidelines, the Hang Seng has been under constant pressure since its peak on September 4 near 25,500. China's most recent wave of stimulus, which included targeted consumption subsidies and infrastructure expenditure announced through late September, hasn't yet resulted in the profit upgrades Hong Kong-listed stocks need to draw in new investors. At the same time, risk appetite in Asian markets has been impacted by the strength of the

by Kearabilwe-Nonyana

GOLD - Countertrend correction. The hunt for liquidity IC:XAUUSD maintains its global bearish trend, although a local countertrend correction is beginning to take shape. The fundamental backdrop remains weak... The dollar is undergoing a correction amid profit-taking, as is oil. Warsh has not commented on the rate path. The Fed's policy outlook remains hawkish, with the probability of a pause this month at around 22%. However, geopolitics and elevated oil prices are limiting upside potential. Gold is attempting to establish a foothold above $4

EURUSD - A countertrend correction ahead of the news FX:EURUSD maintains its medium-term bearish trend. A strong dollar index and a weak fundamental backdrop are putting pressure on the currency pair... The dollar index continues to rise within a bullish trend. Yesterday’s inflation data pointed to an increase, and against this backdrop traders expect 2–3 rate hikes. The global trend for the euro is bearish; however, the currency pair is forming a trading range, within which consolidation continues ahead of the news. Another batch of news is b

GOLD - A countertrend correction ahead of the CPI. Downtrend...IC:XAUUSD is confirming another bearish structure within its medium-term downtrend. However, inflation data is due to be released, and the market could develop a corrective move. The dollar has paused its correction, while Treasury yields have stabilized. Traders are taking profits following gold’s recovery last week. Rising oil prices, which have reached two-week highs, have intensified inflation concerns and supported the dollar. CPI data will be the key factor determining gold’s next mo

Gold’s Recovery Fades — Is Another Sell-Off About to Begin?Gold ( OANDA:XAUUSD ) briefly moved higher at the start of the new week, but the recovery quickly faded and the price resumed its decline. Gold is now trading near the upper trendline of the Descending Channel and close to the key trading level of $4,157. Can gold recover above $4,200, or is another bearish move about to begin? Technical Analysis From an Elliott Wave perspective, further downside remains possible over the coming hours. The current structure suggests that a confirmed break b

Iron Ore futures: oversold base forming as MACD histogram shrink Due to a combination of macro factors that have maintained a cap on the China demand story, SGX IODEX Iron Ore Futures have lost almost 15% since the September 18 top of roughly $104. Chinese steel output figures for September printed below seasonal norms, indicating that Beijing's most recent round of stimulus announcements, including an RMB 500 billion infrastructure plan revealed in late September, initially failed to move the needle on steel mill restocking. The downstream demand for rebar a

by Kearabilwe-Nonyana

GOLD - Bearish trend. Rebound from 4220 IC:XAUUSD maintains its bearish trend and is forming a bounce as part of my latest trading idea. The market remains within the 4,110–4,220 range. A reversal setup could trigger another decline. A strong dollar, rising oil prices, an unstable fundamental backdrop, and anticipation of CPI data are weighing on gold. The market remains in a bearish trend and could extend its decline. Thin liquidity increases the risk of sharp price movements. The key level is $4,200: holding above it would str

EURUSD to rise?Welcome back to another great week of trading. EURUSD as it approaches the bottom of the channel, waiting for Buyers to step in to go LONG until the minor RESISTANCE zone.

by SETLifeTrading

GOLD - A short squeeze in 4220 could trigger a decline IC:XAUUSD remains within a medium-term bearish trend. However, the market is recovering locally as part of a liquidity-hunting phase. The key focus is on the current trading range. The dollar is stagnating as traders take profits ahead of the long weekend in the U.S. and await next week’s key CPI inflation report. However, the DXY remains in a bullish trend. The CPI report will determine whether a Fed rate hike in October can be ruled out and whether a December hike remains on the table. G

USDJPY is showing a strong bullish from the 157.800 support USDJPY — 30M MARKET ANALYSIS 📊 USDJPY is showing a strong bullish reaction from the 157.800 support area, with price breaking out from the previous consolidation structure. The chart also shows a bullish breakout from the descending channel, suggesting that buyers are attempting to take control of the short-term market structure. 🔹 KEY BULLISH AREA 157.800 — Major Support / Breakout Zone This level is important because it represents both the consolidation breakout area and the support region

Bear Trap at 4,105: Bulls Eye 4,185 Supply! Macro Backdrop: US Dollar Strength & Yield Pressure Meet Structural Bullion Accumulation Gold (XAUUSD) trades near 4,137.985 (+0.12% floating) during the Thursday morning session on October 08, 2026, consolidating above the recent cycle low at 4,066 (LL). The macroeconomic landscape continues to balance opposing forces: elevated 10-year Treasury yields and firm US Dollar Index (DXY) momentum maintain downward pressure on non-yielding assets ahead of high-impact US economic prints; conversely,

by BMR_MasteTrade

XAU/USD - Bearish channel points to 4,000 XAU/USD is holding a well-defined bearish channel on the 2-hour chart, with resistance area 4,165–4,185 remains the main structural barrier. Clean rejection from the resistance zone followed by a strong bearish candle below the channel trendline keeps sellers in control and clears the path toward 4,000. The next downside zone sits at 3,950. Hawkish Fed tone and higher yields keep pressure on gold, latest Fed minutes kept the door open for another rate hike later this year, and Fed Governor Chr

by Meera_Charts

GOLD - A countertrend correction before the trend resumes CAPITALCOM:XAUUSD is bouncing from 4,065 and forming a counter-trend correction. The support zone remains relevant, as does the medium-term bearish trend. The dollar remains strong, oil prices are rising, and the fundamental backdrop is weak, which is putting overall pressure on the metal Gold is attempting to recover but remains under pressure from elevated yields and the Fed’s hawkish stance. Support is coming from buying on dips and longer-term factors. The focus is on jobless claims da

GOLD - Consolidation near 4,100. Bearish trend ICMARKETS:XAUUSD remains under pressure from the bearish trend and a strong dollar, confirming its bearish market structure. A retest of the 4,110 support is forming, along with a pre-breakout base... Gold has resumed its decline and is threatening the $4,100 level after pulling back from $4,200. In the near term, sellers remain in control due to elevated Treasury yields, a strong dollar, and rising oil prices, despite expectations of an October Fed rate hike having almost completely disap

Amazon:Profit target 1 Hit, stop to break-even?Here I offer you the latest update about my trade on Amazon (AMZN), which has been released on 06 October 2026. The current level of stock trading is at 251 below the upper boundary of the descending channel with RSI at 45.51 and MACD at the verge of bullish crossover. The breakout scenario has become true, as price moved up from the channel and closed at 256.29 with the overnight session price of 257.12 and volume increasing to 34.12 million. Entry zone at 250.33 – 251.40 has become active and

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by Kearabilwe-Nonyana

EURUSD: Falling Channel Targets 1.1200 After 1.1310 Break EURUSD has been sliding inside a falling channel on the 4H chart since the 1.1654 high. Every bounce has been sold at a lower level: 1.1557, 1.1496, 1.1411 and most recently 1.1380. Today price broke below the 1.1310-1.1340 area. That zone held as support in June and again in late September, so I now treat it as resistance. It also sits right under the descending resistance line, which makes it the area I want to sell from. The drop stopped at 1.1265, where the bottom of the channel meets the

by NorthEdgeOfficial

Amazon: Descending channel squeeze,breakout or fade?It has taken Amazon two months to whittle lower within a downtrend channel from its August top near 283. While the rallies have been repeatedly stalling out near the upper trend line, the selling is running out of steam, with each decline becoming progressively less steep. The global equity market attention is still being directed towards AI spending, interest rates, and crude oil, but Amazon is getting held back by the antitrust suit in October and its results on October 29. On the basis of th

by Kearabilwe-Nonyana

Australian Dollar / U.S. Dollar (AUDUSD) — 15 Minute Timeframe AUDUSD — BULLISH BREAKOUT SETUP | 15M TECHNICAL MARKET ANALYSIS Australian Dollar / U.S. Dollar (AUDUSD) — 15 Minute Timeframe AUDUSD is showing signs of a bullish reversal and potential continuation, with price breaking out from the previously established descending channel. The market has also reacted strongly from the 0.69350 bullish support area, indicating that buyers are stepping back into the market. 📈 BULLISH MARKET STRUCTURE The descending channel had been keeping price under bearis

GOLD - Formation of a new range in a bear market ICMARKETS:XAUUSD is forming a short squeeze of resistance following Friday’s NFP release and, in line with the previously published scenario, continues to decline from the identified triggers. The market remains in a bearish trend. A strong dollar and rising oil prices, a weak fundamental backdrop, and the Fed’s hawkish stance are putting pressure on gold. However, following Friday’s report, the market is beginning to question the continuation of interest-rate hikes. The fundamental backdr

GOLD - A countertrend correction ahead of the news ICMARKETS:XAUUSD is bouncing from 4140 and forming a counter-trend correction toward areas of interest ahead of the news. The fundamental backdrop remains weak. The dollar maintains its bullish trend, the fundamental backdrop is weak, and geopolitics remains tense. Rising oil prices amid a lack of progress in US–Iran talks via Qatar increased inflation concerns and supported Treasury yields and the dollar. A short-term bounce occurred after the release of August core PCE, but the positive