OANDA:XAUUSD recovering to above the price of 2,300 USD as of the time this article was being completed. The previous trading day, gold prices reached their largest decline in 3 and a half years due to data released by China and the United States. Gold prices fell about $83, or 3.5%, last Friday, the biggest one-day drop since November 2020, after a...
Technical analysis of gold Daily resistance 2307-40, support below 2277 Four-hour resistance 2307-2340, support below 2277 Gold operation suggestions: Last Friday, the overall technical side of gold prices fell under pressure at the 2387 mark. The European session broke through the two integer mark supports of 2350 and 2340. Finally, under the negative influence...
On the daily chart, gold has lost almost all of its technical points to a bullish structure, instead with a weekly close below the $2,300 base point opening up expectations for more downside with a target level. Short-term target is aimed at the 0.382% Fibonacci retracement level. The relative strength index (RSI) is pointing down but has not yet reached the...
World gold charge today World gold fees inched up barely with spot gold growing through 5.eight USD to 2,310.2 USD/ounce. Gold futures ultimate traded at 2,327.nine USD/ounce, up 2.nine USD in comparison to the day past morning. After struggling the most powerful sell-off in almost 4 years because of stronger-than-predicted US employment information, global gold...
The Australian Dollar (AUD) declined on Tuesday as the US Dollar (USD) maintained its strength, bolstered by robust US jobs data for May. This development has reduced the likelihood of two Federal Reserve (Fed) interest rate cuts in 2024. According to the CME FedWatch Tool, the probability of a Fed rate cut in September by at least 25 basis points has dropped to...
GBP JPY HERE - we can see that price moving in upward direction to fill the imbalance liquidity at resistance, make a long entry as shown, follow for more live updates...
AUDUSD: The AUD also has the prospect of an upward adjustment in the short term. Therefore, it is expected that ace can continue to maintain the buying trend with AUDUSD in the short term to the 0.6640 area and sell above this price range. In the context that the USD is adjusting to fill the gap
Reuters stated that the Fed has raised hobby prices sharply in 2022 and 2023 to minimize growing inflation. Rising borrowing fees for customers and corporations ought to gradual financial boom and decrease oil call for. Meanwhile, a robust dollar ought to hose down oil call for via way of means of making greenback-denominated commodities like oil extra costly for...
I know it's not the typical setup and is totally counter to the trend, but sometimes we have to do the opposite to make money. 😉 Anyway, I'm in a EUR/USD long position at 1.072 with a 1:1 RR. I'm hoping it holds at the old support level, which aligns with the 0.61 Fib level. Take Profit (TP): Assuming it will fill the gap and retest the previously broken...
XAU/USD (Gold) is trying to bounce back from this discount zone. Looking for a potential movement to the upside. FVG and Golden Zone work like a magnet for me. Looking forward to catching that short/sell at around $2368.80.
Gold rate forecast Based on latest US reviews, marketplace analysts expect that it's miles probably that the Fed will begin slicing hobby prices in November. However, in line with professionals, after the European Central Bank (ECB) reduce hobby prices through 25 percent factors final week, boosting expectancies that the Fed will begin slicing hobby prices in...
- The market has been trading above a bullish trendline since mid-Arpil ; the mid-term trend was then bullish. - During the last few trading sessions, the pair has been put under significant pressure as prices registered a sharp pull-back from 1.0916 to 1.0720 currently. This sell-off led the market to a bearish break-out of its mid-term bullish trendline,...
We go again this week. I am seeing a nice Buy on gold. Lots of fundamentals this week but we see how it will play out. Remember to use proper Risk Management If you are just seeing this today, remember i give out signals at my entry level so that everyone can hop in and trade with me and the best part… I have a 80% win rate on Gold : So do make sure to follow...
we started the accumulation phase. As they continue to hold the float actually gets smaller. THIS COULD BE HUGE!
The USDJPY has experienced bearish pressure due to recent interventions by the Bank of Japan (BoJ), which has been purchasing Yen to stabilise its currency. According to Bloomberg, the BoJ has spent over $62 billion in the past month on these interventions. Despite significant USD strength over the JPY driven by the interest rate differential, the chart shows...
The 10Y US Treasuries reacted to jobs figures data posted on Friday. The data were somewhat mixed. On one side, unemployment for May showed an increase to 4.0% from 3.9% posted for the previous month. On the other hand, the non-farm payrolls with 272K jobs added, significantly surpassed market expectations of 190K. The market is expecting for the jobs market to...
Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look only for short position. I want price to go a little bit higher to fill the imbalance and then to reject from bearish order block + psychological level 79.00. Like, comment and subscribe to be in touch with...
🌐 Analysis of the AUD/USD pair, look for selling areas only and buying and scalping for correction only