XAUUSD 4H WEEKLY SELL PROJECTION 23.06.24Gold prices reversed course on Friday, moving down more than 1.70%. Economic data from the United States (US) spurred investors' reaction to pricing out fewer interest rate cuts by the Federal Reserve (Fed) due to the solid state of the economy. The XAU/USD trades at $2,317, below its opening price after hitting a daily high of $2,368.
The US economy continued to give mixed signals regarding its robustness. S&P Global revealed June’s Purchasing Managers Index (PMI) readings, which exceeded estimates and topped May’s data. However, the US housing sector continued to deteriorate after Existing Home Sales for May missed the mark and fell compared to April’s data.
On the PMI release, investors ditched Gold and bought the Greenback, which, according to the US Dollar Index (DXY), rose 0.14% at 105.80.
US data revealed during the week highlights uncertainty as some economic indicators reiterate that the economy is still solid. On the positive side, Industrial Production, S&P Flash PMIs, and Retail Sales advanced, though the latter were lower than the previous month.
Conversely, housing continued to deteriorate, while the jobs market, as measured by Americans filing unemployment claims, came in worse than expected. The data kept investors' chances of a September Fed rate cut alive.
Given the backdrop, Gold prices continued to drop, along with technical indicators, pointing to a correction following a three-month rally that began in March and lifted XAU/USD to its all-time high of $2,450.
The CME FedWatch Tool shows odds for a 25-basis-point Fed rate cut in September at 59.5%, up from 57.5% on Thursday. In the meantime, the December 2024 fed funds rate futures contract implies the Fed will cut 36 bps toward the end of the year.
Auusd
AUS / USD Buys Very choppy price action and has been unable to break the daily lows, probably going to be quiet until tomorrows CPI. I would only look for a sell if there is a lower low close below structure and the blue zone with a retest on the 30 min and a lower low close.
Other wise I favor low positions Ideally with a 4h close above structure and the upper blue zone alternatively if there is a close and rejection from the daily low I would take a long back to the top of structure
AUDUSD potential to recent swing low Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud, However, the price breaks the ascending trend line, and head into the cloud.
Looking at the sell entry at 0.70344, take profit at 0.68720 and stop loss at 0.71427.
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XAGUSD SILVER SHORT ANALYSIS1) Price reacting off of restance
2) price reacting off of supply / break-out zone
3) price breaking through top of BB
4) stochastic RSI overbought
5) trend sideways/ down
Overall:
short will come in on the 4hr timeframe once
price starts breaking upward trend-lines +
removing opposing 4hr pivot point demand zones.
April 26 USDCAD FXmargin Chart Analysis
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This is a 30-minute chart short position strategy.
*Red arrow on the path of move.
Short -> Long switching strategy.
Each entry section is a stop loss.
Sideway move.
*When the sky blue finger moves,
Short -> Long switching strategy.
Red resistance stop loss when entering short entry.
At the final red support line, long position switching.
(If you fail to deviate from the sky blue support line, it will go sideways)
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AUDUSD- UPCOMING WEEK in daily and 4HT the trend is bullish and actually in 52 week high. but seemes 52 week high is acting as resitance and ema 200 as dynamic support line.
we need to wait till price with break the resistance or even coming back down which both is possible.
by considering ichimoku cloud we give same signal.
so as final point i need to see what will happen in early few days.
XAUUSD Gold | SWING - 5 Oct. 2020Hello my friend | Welcome Back.
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When the market is active and liquidity strengthens, it will head towards resistance of the channel, if it is broken, it will continue to rise, but if it does not do so, it will head towards the downside to support the channel.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
XAUUSD Gold | SWING - 29 Sep. 2020Hello my friend | Welcome Back.
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Swing to the upside at $1,911 if broken, it may continue to rise because it is a weak resistance so far.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
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XAUUSD Gold | SWING - 8. Sep. 2020Hello my friend | Welcome Back.
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Gold fails to break the support, so it will tend to rise to the price of $1952, which is the resistance from which the price will rebound.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
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XAUUSD Gold | SWING - 7. Sep. 2020Hello my friend | Welcome Back.
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Gold is heading down to $ 1918, then it will go up again to $ 1959, which is really resistance.
***
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
BTCUSD Apple GBPUSD EURUSD XAUUSD
What's next for the AUSSIE?Risk sentiment this week looks like we could be setting the tone for a risk off environment, however AUSSIE is currently looking under pressure! After it recently broke to the downside from it's larger ascending structure.
Zooming into the intraday timeframe, we've had a beautiful retest and high test candle rejection of the previous swing low (inside the structure, and are currently forming a bearish flag continuation, which suggest further room to the downside, with overall pattern completion around the 0.58 handle!
That being said we are also conscious that price is currently in the middle of no mans land on the daily timeframe and the recent move to the downside, did not complete it's overall structure, which does show a possibility for the market to create a larger bullish correctional structure to test the highs of the correlating descending daily channel and the 1hour ascending channel around 0.6830 OANDA:AUDUSD