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XAUUSD: Will the decline continue after the conflict?Yesterday, the US dollar index rose for the second consecutive trading day, hitting a two-week high, supported by data showing the resilience of the US labor market and the dual support of safe-haven currency properties. It stands to reason that the rise of the US dollar index will suppress gold and cause it to fall. However, due to the sudden escalation of the geopolitical conflict between Iran and Israel, the demand for safe havens has been greatly boosted, resulting in a rare rise in gold and the US dollar together. The escalation of the geopolitical crisis in the Middle East has indeed greatly affected the direction of gold, but as of now, I don’t think gold supports the momentum to continue to rise sharply. Judging from the news, the rise in gold is due to the situation in the Middle East. If the situation in the Middle East eases next, or the situation is not as tense as the first day, then gold will still fall as it rose. Unless the situation in the Middle East will intensify in the future, and it will be more violent than yesterday’s conflict From the figure, we can see that the Fibonacci retracement of 0.618 from yesterday’s high of 2673 and today’s low of 2645 is 2655. As long as the rebound does not exceed 0.618, it is bound to fall to a new low. The short position I held yesterday suffered a slight loss due to the sudden outbreak of the Middle East conflict, but I added positions at 2655 and 2666 respectively, which increased the average price and is now profitable. In summary, I still have a bearish view, so I will continue to hold short positions.
OANDA:XAUUSDShort
by AntonyTP
XAUUSD- More of the same today?Gooooood Morning Tradingview 🌄 So for today, no surprise to anyone, I am staying patient 😌 what I would like to see is price reach back up to the orange 5m LQZ, preferably creating some form of structure like a flag, before entering. I do see more of the same, bearish momentum towards the Daily LQZ that never got touched this week. If I "miss" my entry no bjg deal. We have news for the rest of the week with FOMC this Friday- yay! 🤗 As we can see price is inside of a nice descending (parallel) channel - inside of a larger descending parallel channel. I can see price possibly pushing up to create that 3rd touch before melting, but this is a lot of speculation and (educated) guess work on my part. This is a good thing, knowing what to look for before entering. However, I am happy to stay out of the market today if need be to allow price to truly pick a direction. 🌟 As always PIPs Over Profits 💰 I love y'all ✌🏾
OANDA:XAUUSD
by MommaPreneur
1
XAUUSD: Lows not yet seen, continue to sell at high levelsYesterday, the US dollar index began to rise after Powell's speech, reaching 100.9, and US bond yields also rebounded collectively. Affected by the rise of the US dollar and US bond yields, as well as the influx of a large amount of profit-taking funds into the Chinese stock market, gold has continued to fall recently, and yesterday's lowest point reached 2624 US dollars. So is this the low point? I think gold is currently in a downward trend and has not yet formed a bottom pattern. It will only rebound but not reverse. From the trend in the hourly chart, we can see that the gold price is running along the downward trend channel. Now it is again above the trend channel of 2645, so I think the possibility of a breakthrough is not great, so I am going to short around 2645.
OANDA:XAUUSDShort
by AntonyTP
Continued fall of the dollar index DXY. H4 30.09.2024Continued fall of the dollar index DXY The dollar index is moving downwards without changes. There was an attempt to trade, above which it was not allowed to consolidate and eventually fell. I showed this in the last analysis and now I am aiming at the support levels around 99.20. Perhaps they will just make a false update of the low and come back, it is not known in advance, but at the moment we are trading near the visible support and so far without an upward reaction. Therefore, 99.20 is the next strongest level in recent years and it is ideal to test it before a reversal. TVC:DXY
TVC:DXYShort
by KovachTrader
XAUUSD: Analysis and strategy before the Fed rate decisionYesterday's view on gold was still very accurate. In the article, I clearly stated that there would be a correction before the Fed's interest rate decision, and the window period was after the data was released. As expected, under the premise of multiple negative data and a large number of long orders being profited, the gold price fell all the way to 2560, which also gave us the opportunity to close the short positions we held last week. The Federal Reserve's interest rate decision will be announced today. My prediction for a rate cut is 25 basis points. The possibility of 50 basis points is not high in my opinion, but it has to be guarded against. In the context of the upcoming announcement of the interest rate cut, today's trading strategy must be based on the number of basis points of interest rate cuts to formulate a trading plan, so I give the following suggestions for your reference: In the case of a 25 basis point interest rate cut: I personally think that the gold price will rise first and then fall. First of all, the interest rate cut is definitely good for gold, but because of the continuous interest rate cut remarks for a month, the gold price has now reached a historical high of 2590, and has digested the impact of the interest rate cut in advance. The rise in gold prices from 2530-2590 is largely due to some investors' belief that the Fed will be concerned about employment issues, which greatly increases the probability of a 50 basis point rate cut. Therefore, once the announced value does not meet expectations, the price of gold will inevitably fall. In the case of a 50 basis point rate cut: There is no doubt that gold prices will continue to rise and set a new high again.
OANDA:XAUUSDShort
by AntonyTP
Gold on the Edge: Rising Wedge Breakdown or Support Bounce?4-Hour Chart: Consolidation Below All-Time High: After reaching the all-time high, the price is consolidating in a rising wedge pattern. This formation reflects indecision in the market, but the overall structure suggests potential for a downward move. Key Levels: 4H LQZ TP1 (2,550.342): A strong support level and a possible target for short positions if the price drops. 4H LQZ TP2 (2,522.172): The second support level, likely to attract buyers if tested. Strategy: If the price breaks down from the rising wedge and fails to hold support at 2,550.342, a move toward 2,522.172 could be expected. A reversal could occur at either of these liquidity zones. 1-Hour Chart: Descending Channel (near support): The price is trending lower after failing to break above the all-time high. The descending channel is not steep, suggesting mild bearish pressure. Support Levels: 1H LQZ (2,542.481): Immediate support for the current descending structure. 4H LQZ (2,522.172): Deeper support, aligned with the broader market structure, giving more room for a potential pullback. Strategy: A break below the 1H LQZ could accelerate the sell-off, targeting the 4H LQZ. Watch for consolidation or buying pressure at these levels, as they are potential reversal points. 15-Minute Chart: Rising Wedge: The price is forming a rising wedge pattern, which is typically a bearish signal, suggesting potential weakness in the uptrend. The price has made lower highs while testing a crucial support zone. Key Levels: All-Time High (2,589.652): The price tested this region but has failed to sustain momentum above it. This could indicate a major resistance level. 1H LQZ (2,542.481): The first level of significant support, serving as a take-profit target (TP1) for short positions. If the price breaks below, it could accelerate toward this level. 4H LQZ (2,522.172): The next key support zone (TP2), which could act as a strong buying area if the price corrects further. Strategy: Watch for a potential breakdown from the rising wedge. A confirmed break below the wedge and support levels could indicate a stronger move downward toward 1H LQZ or 4H LQZ. Overall Summary: Bearish Bias: Across all time frames, the rising wedge formation points to potential bearish pressure, especially with failure to break above the all-time high. Key Levels: The all-time high (2,589.652) remains the major resistance. Watch for reactions around 1H LQZ (2,542.481) and 4H LQZ (2,522.172) for potential support and buying opportunities. Breakout or Breakdown: If the price breaks below the wedge patterns on the 15-minute and 4-hour charts, further downside toward the liquidity zones is likely. However, a rebound could signal renewed bullish momentum. This setup is perfect for monitoring entry points based on key support/resistance levels and the wedge formations' breakdown potential.
OANDA:XAUUSD
by MommaPreneur
AUDCHF / TECHNICAL ANALYSIS / FUNDAMENTAL ANALYSIS ~ PROPFIRMThis is my analysis for audchf, the graph shows fundamental analysis and technical analysis. This entry mentioned here is open with sell top in my propfirm account *Fundingpips* 100k. Everything is clear, I didn't detail the fundamental analysis, I just put it as a final observation, as the fundamental analysis is done with a set of information and rate cuts. Feel free to comment, this is just my entry, it doesn't mean I'm 100% right, sometimes the market isn't right.
Short
by bruno_ovelheiro
USOIL / TRADING BELOW SUPPLY ZONE - 4HUSOIL / 4H TIME FRAME HELLO TRADERS Prices are currently on a downward trajectory, trading below the identified supply zone at approximately 70.04 and 69.21. The market is now approaching the support level at 67.27. There is a possibility of a brief retest of the supply zone before the price continues its decline towards the next support levels, which are around 66.87 and 65.58. Conversely, if the price manages to break above the resistance level at 70.04, this would suggest a potential upward movement. In this case, the next target would be the resistance level at 71.54. For a confirmed upward trend, the price would need to break and maintain stability above 71.54. Achieving this could lead to further gains, with the next resistance target being around 74.03. KEY LEVELS : Supply Zone: 70.04 , 69.21 . Resistance Levels : 71.54 , 74.03 . Support Levels : 67.27 , 66.87, 65.58 .
TVC:USOILShort
by ArinaKarayi
XAUUSD / UNDER BEARISH PRESSURE - 4HXAUUSD / 4H TIME FRAME HELLO TRADERS overall , prices under bearish pressure until trading below turning level at 2,507$ The price level of $2,503 acts as a resistance, meaning that as long as prices stay below this point, the market sentiment remains bearish. A break below $2,490 confirms a downtrend because it indicates that sellers are in control, and the next lower support levels ($2,472 and $2,459) become targets for further declines. On the upside, breaking above $2,507 would suggest bullish momentum, as the price would surpass the initial resistance. If prices continue to rise and close above $2,519 on a 4-hour chart, it would confirm that buyers have taken control, signaling the potential for a move towards the next target of $2,531. KEY LEVELS : Turning Level : 2,507$ , 2,590$ . Resistance Levels : 2,516$ , 2,519$ , 2,531$ . Support Levels : 2,490$ , 2,472$ , 2,459$ .
OANDA:XAUUSDShort
by ArinaKarayi
1
XAUUSD: Sell at 2505-2510 resistance zone, target 2490-2480Yesterday was Labor Day in the United States. The amplitude of gold was very small and we did not participate in any transactions. Today the market is back on track and it is time to open our transactions! Gold fundamentals: Tensions in the Middle East have escalated again, and risk aversion has rekindled. Due to the recent positive economic data, the U.S. dollar index continues to rebound, and the ISM manufacturing PMI for August to be released today is expected to rise slightly to 47.5 from 46.8 in July, indicating that the manufacturing industry is recovering moderately, which will continue to support the U.S. dollar. rebound, gold falls. In addition, the market expects that the United States will create 163,000 new jobs in August and the unemployment rate is also expected to rise to 4.2%. This reflects strong economic fundamentals and further boosts the dollar. Gold technical aspect: Judging from the Fibonacci retracement of the decline between the highest point of 2528 and the lowest point of 2490, 2505 is 0.618 and 2510 is 0.5, so this range is the resistance to gold's rebound. Trading strategy: Since the direction is clear now and 2505-2510 is the resistance area, we can sell in this range.
OANDA:XAUUSDShort
by AntonyTP
Gold Price Hover NearRecord Highs Ahead of Key Labor Market Data the price of gold is expected to continue its soft uptrend. According to recent analyses, gold is currently in a rising channel pattern, indicating a potential for further gains if it maintains its upward momentum. This soft uptrend is supported by factors such as geopolitical tensions and rising real inflation, which are considered favorable for gold as a safe-haven asset. The predictions suggest that gold might experience a slight increase, moving within a range of $2,491 to $2,643 per ounce throughout the day
OANDA:XAUUSDLong
by BELLATRIXFX
XAUUSD: Wait for a rebound and choose to sell at a high levelLast Friday, as the performance of the US PCE data did not support the Federal Reserve's 50 basis point interest rate cut, the US dollar index rebounded and gold investors took profits, which caused the gold price to fall directly below the 2,500 round number mark. Considering that the U.S. market is closed today, the market fluctuations will not be too large, so we mainly do range-based sell-high and buy-low transactions. Judging from the Fibonacci retracement indicator of this decline, the upper resistance is mainly in the 2504-2510 area. If the level is broken here, the gold price will return to the high area again and continue to try to set a new high, but this may be difficult today. Appear. The lower support is mainly in the early intensive support area 2470-2480. So my strategy today is to sell high and buy low in this area. The gold price is now around 2500 points. If it continues to rise to the 2504-2510 area later, I will choose to sell first. Today is not a major trading day because the U.S. market is closed. There will be multiple major data release days in the next few days this week. This is the key point. Everyone can relax today. We will trade if we have the opportunity. If there is no opportunity, we will not trade. Resistance area: 2504-2510 Support area: 2480-2470
OANDA:XAUUSDShort
by AntonyTP
XAUUSD: Today I waited until 2530 before tradingAs can be seen from the figure, my two trend prediction lines were drawn very accurately. It is a pity that we were in the 2500-2505 buying range, and the two buying orders were all profit-taking before the market closed. The best performance of these two rises was in the Asian session of the next day. During that period, I was still sleeping in Europe, which was quite regrettable. But think about it the other way around. You should be content if you can make money, because you can't make money in all trends. It's always better to make money than to lose money, isn't it? Yesterday before I took a break, I said that if the historical high cannot be refreshed today, then gold may start to fall. This high point has been attacked many times. After many unsuccessful attacks, the bullish force will weaken. Therefore, whether this attack can be refreshed is a key point. Please keep an eye on it. How should I trade today? To be honest, I am not sure for the time being, because the current position is in the middle of support and resistance. If I continue to be bullish, it is too far away from the lower support. I feel that there is a risk. If I am bearish, it is still more than ten dollars away from the upper resistance, which is also risky. Therefore, I think it is better to wait and see. Today, three US data will be released. When the data comes out, I think the direction of the market will be much clearer. Trading strategy: If it can break through the historical high today, I think it can chase the rise, with a target of 2550-2570 If it encounters resistance near 2530 today, you can consider selling at a high level, with a target of 2505-2500
OANDA:XAUUSD
by AntonyTP
TSLA / DECLINE BEFORE RISING - 4HTSLA / 4H TIME FRAME HELLO TRADERS Tendency , prices is under upward pressure , until trading above turning level at 195.12 Upward Condition : The price is currently showing bullish momentum. As long as it stays above the turning level of 195.12 , it is likely to move upward toward the resistance levels at 227.92 and then 253.52 . Downward Condition : To reach the 168.36 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 195.12 . If it stabilizes below support level (1) , a further decline toward the support level (2) at 141.32can be anticipated . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 227.92 . RESISTANCE LEVEL (2) : 253.52 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 168.36 . SUPPORT LEVEL (2) : 141.32 . TURNING LEVEL : 195.12 .
NASDAQ:TSLALong
by ArinaKarayi
2
Xauusd Down Trend XAU/USD is currently experiencing a downtrend, moving from 2427 to 2411. This shift indicates a decrease in the price of the asset over the given period. Investor sentiment may be negative, leading to selling pressure on gold, causing the downward movement. Traders observing this trend may look for potential entry points or consider short-term selling strategies. The price decline suggests a shift in market dynamics favoring bearish sentiment for XAU/USD in the short term.
OANDA:XAUUSDShort
by Khalifapatrick
Weekend Russia-Ukraine Update for Natural Gas Traders in FX MarkHey everyone, I wanted to share some important updates with you regarding recent developments that could significantly impact our natural gas trades. In the past few days, Ukraine's attack on the Sudzha gas transfer station in Russia's Kursk region has raised some serious concerns. As you know, the Sudzha station is a critical point for gas flow from Russia to Europe, and any disruption here could directly affect our natural gas trading. It's something we all need to keep a close eye on. To give you some context, Gazprom supplied approximately 14.9 billion cubic meters (bcm) of gas through Sudzha in 2023. This volume accounts for about 4.5% of the EU's annual consumption and nearly half of all Russian gas exports to Europe. Since the beginning of the year, the daily gas flow through this station has remained above 40 million cubic meters. These numbers highlight just how vital Sudzha is for European gas supply. The main function of the Sudzha gas metering station is to record gas consumption and measure the quality indicators of the gas. The gas flow is measured using two primary methods: variable pressure drop and the more precise ultrasonic method, which measures the propagation speed of ultrasonic waves in the gas flow. The station is equipped with converters, pressure and temperature sensors, shut-off valves, and other equipment essential for accurate gas flow measurement. In addition, the station features an automated control system that collects, processes, and transmits data on gas parameters. This system is responsible for overseeing the operation process and maintaining accurate records. If there’s an issue at the station, not only would the gas flow be disrupted, but tracking the quality and quantity of the gas would also become much more difficult. Given these details, it’s crucial for us to closely monitor what's happening in the gas markets and adjust our strategies accordingly. As uncertainty increases, so do the potential risks and opportunities, so I strongly advise you to carefully set your stops in your trades. Wishing you all a profitable week ahead! CAPITALCOM:NATURALGAS FOREXCOM:NATURALGAS
CAPITALCOM:NATURALGAS
by TheCryptoPharaoh
4
DOGEUSDT ( STABILIZING BELOW TURNING LEVEL ) ( 4H )DOGEUSDT HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 0.102 . TURNING LEVEL : the price of this level at 0.102 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) . RESISTANCE ZONE : this zone between 0.115 and 0.128 , in order to see this zone the price need breaking turning level at 0.102 , breaking this price indicates an increase and reaching the resistance level (1) at 0.115 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 0.128 , after breaking this zone it will be attempt to reach resistance level (3) at 0.141 , selling have already increase in this zone . SUPPORT ZONE : this zone between 0.091 & 0.080 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 0.091 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 0.080 CORRECTIVE : the price corrective at 0.102, before dropping . TARGET LEVEL : RESISTANCE LEVEL : 0.56 , 0.61 , 0.65 . SUPPORT LEVEL : 0.44 , 0.39 .
Short
by ArinaKarayi
2
NAS100USD ( BREAKOUT DESCINDING & ASCENDING CHANNEL ) ( 4H )NAS100USD Tendency , the price is under bearish pressure , until trading below 18,244 . TURNING LEVEL : the price of this level at 18,244 , so as long as the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) . RESISTANCE LEVEL (1) : this level around 18,698 , for reach this resistance level the price need breaking turning level , indicates have good selling in this level . RESISTANCE LEVEL (2) : around 19,112 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) . SUPPORT LEVEL (1) : this level around 17,435, for reach this support level the price need stabilizing below turning level , indicates have good buying in this level . SUPPORT LEVEL (2) : support level at 17,047 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE : the price corrective at 18,244 , before dropping . PRICE MOVEMENT : currently price 18.037 , my be the price first thing corrective turning level , as long as until the price trade below turning level at 18,244 , it will be trying to reach support level (1) , then breaking by open 4h or 1h candle below this level , indicates to reach a support level (1) , if the price breaking turning level by open 4h or 1h candle easily to reach of resistance level (1) . TARGET LEVEL : RESISTANCE LEVEL : 18,698 , 19,112 . SUPPORT LEVEL :17,435 ,18,239 .
OANDA:NAS100USDShort
by ArinaKarayi
1