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xauusd analysis for the day 1/07/2024xauusd is following a neutral pattern for the day before European market opening. we will provide major support and resistance for the recent market scenario. a further update will be given based on market momentum changes, right now xauusd is following a ranging market. Support 2321 2314 2306 2297 2288 2282 Resistance 2332 2337 2347 2362 2378 2396 these support and resistance can be used as bullish and bearish targets for your trades, PLEASE BOOST US LIKE AND SHARE US SO THAT WE WILL BE MOTIVATED TO GIVE MORE UPDATES.
OANDA:XAUUSD
by realmillionairefx
A good time to accumulate HFCL?• HFCL is trading at around it's all time high. • The fundamentals are quite good. • A breakout on February failed and the prices fell and since February it was trading in a range. • Finally on 12th June it broke out with promising volumes and now has come down to retest it's breakout level which is between 108.80 - 111.50. • One can observe the markets tomorrow and plan their entry. Although an entry around 113.50 - 114 should be more convincing. • Buy and hold it. If the prices fall down, if you can't handle the risk, exit and buy on dip at lower level. • On dips, first buying zone is around 90. The second is around 84-82. • Invest doing your own analysis. Thanks
NSE:HFCLLong
by rohix
USD INDEX DXYLast one week we have seen a serious upward rise in us dollar index based on various positive and negative events happened. the us market and dollar is being controlled by various turbulent economic and geopolitical situations. In geopolitical aspects if israel hisbullah issue may bring usa into full on war support to israel against hisbullah in lebanon then the us dollar will fall drastically like hell. on the financial end if us treasury bonds moves good and new financial policies enacted the dollar will get more boost, but we expect a retracement of usd dollar index either from 105.57 area or from 105.88 area. if both these areas are breached then gold will fly to an area of 106.40 For more updates and market new follow us. Please boost us we can reach more people.
CAPITALCOM:DXYShort
by realmillionairefx
BTCUSDThe cryptocurrency market capitalization has increased by 1.2% to $2.56 trillion. Bitcoin's gain contrasts sharply with the declines seen in altcoins. Ethereum rose by 1.3%. The main upward momentum occurred during the Asian morning session. As of this writing, Bitcoin's price appears to have moved away from extremes. Nonetheless, the latest momentum indicates that bears still dominate the cryptocurrency market. Bitcoin earlier fell to $64,041, the lowest level since May 15. Bitcoin has been on a downward trend for the past 12 days, significantly breaking below the 50-day SMA and the 76.4% Fibonacci retracement level of the January to March gains. Due to a shift in market sentiment, the crypto market has suffered significant losses over the past two weeks; however, it has not relinquished key support levels, showing signs of being undervalued. The Market Value to Realized Value (MVRV) indicator over a 30-day period indicates bullish signs for these assets. on technical side Bitcoin's price has dropped from around $67,300 to the support level of $64,041, forming a bullish "inverse head-and-shoulders" pattern. The observed uptrend today has broken through the channel's midline and the "neckline" of the aforementioned pattern. Therefore, from a technical analysis perspective, it can be reasonably argued that bulls are taking control by leveraging support levels. The RSI and oscillators support the rebound. The lower low formed on June 18 was not reflected in higher highs during the same period. This development, known as bullish divergence, typically leads to a trend reversal or short-term rebound. If the bulls are active and the overall outlook for the cryptocurrency market is optimistic, Bitcoin's price could increase by 6% to the previous resistance level of $71,280. In a negative scenario, a decline from current levels below the previous point of $64,041 poses further downside risks. Like us for more such updates. Boost us to help reach more people.
BITSTAMP:BTCUSDLong
by realmillionairefx
EURUSDEuro zone had made many financial plans to strengthen the economy. And our last analysis for eurusd was perfect with hitting target and earning good returns. the next week week expect a major upward movement for eurusd as dollar index is also expecting a downfall retracement from its upward movement which will inturn boost euro zone and weaken dollar. bullish target 1.0760 we will do more detailed analysis of eurusd once the market is open Follow us for more such updates Boost us so that we can reach more people.
Long
by realmillionairefx
3
oil crudewe anticipate a long term buy for crude oil based on the following analysis of crude oil which is an amalgamation of both fundamental technical analysis. WTI crude oil continues its upward trajectory, with hourly prices testing the upper bounds of the ascending channel. If the short-term ceiling holds, prices could still experience a rapid pullback. The 38.2% Fibonacci retracement level stands at $80.02, with larger pullbacks potentially reaching the 50% level at $79.51, followed by the 61.8% level at $78.99 near the channel bottom and the 200-day SMA dynamic inflection point. The stochastic oscillator dropping from overbought territory indicates rising selling pressure, with room for oscillators to decline further before reflecting bearish exhaustion, which suggests that the correction could persist until such exhaustion is observed. The RSI is also trending downward, indicating that crude oil prices may follow suit until oversold conditions are met and oscillators rebound. However, the overall structure shows the 100 SMA above the 200 SMA, confirming that the path of least resistance remains upward, or that support levels are more likely to hold than break. In this scenario, oil prices may continue to rise toward the swing highs around $81.69 or higher. In terms of trading strategy, it is recommended to buy the dips. ENTRY ; 80.00 tp 85 sl 78.80 risk reward ratio ; 120;500 (approximately 5 times more reward). Follow us for such market related updates contents and news boost us for increasing our reach to more people.
TVC:USOILLong
by realmillionairefx
GBPJPY The Bank of England's Monetary Policy Committee (MPC) voted 7-2 to keep the Bank Rate unchanged, aligning with broad expectations. Swati Dhingra and Dave Ramsden again voted to lower the rate by 25 basis points to 5.00%. The BoE indicated that as part of the August (rate cut) forecast, the Committee will review all available information to assess whether the risks of persistent inflation are diminishing. Based on this assessment, the Committee will determine how long the Bank Rate should be maintained at the current level. Despite CPI falling to 2% in May, the Bank expects CPI to "rise slightly" in the second half of the year due to base effects from last year's energy price declines. Additionally, the Bank noted that services inflation at 5.7% was "somewhat higher" than projected in the May monetary policy report. In terms of growth, GDP appears to have grown "more strongly than expected" in the first half of the year but remains at a quarterly growth rate of around 0.25%. Market Outlook: We are less concerned with the timing of the BoE's first rate cut and more focused on the expected limited and gradual rate cuts. For us, the biggest issue is not necessarily the timing of the first rate cut, but the pace and extent of rate cuts after the first one. In an era of global economic fragmentation, supply-side fluctuations, and fiscal activism, 2% is the lower bound for inflation, not the upper limit. This suggests a gradual easing cycle, with rates stabilizing above pre-pandemic levels. Gbpjpy again has a potential buy pattern and if it crosses the pivot we can first expect a down market and further a potential further downward or upward retracement. bullish targets: 202.05 202.30 202.57 202.80 Bearish Targets: 201.50 201.28 201.02 200.80 For more updates follow us Boost us so that we can reach more people
Long
by realmillionairefx
SOL Solana Bearish PennantIf you haven`t sold SOL close to the top: Solana, hailed for its scalability and performance within the cryptocurrency ecosystem, finds itself ensnared within the confines of a bearish pennant formation, signaling potential headwinds for the altcoin in the near term. With a looming price target of $125, Solana faces mounting selling pressure as it grapples with the implications of this ominous technical pattern. A bearish pennant, characterized by a brief consolidation phase following a sharp downward move, often precedes further declines, reflecting a temporary pause in selling pressure before a potential continuation of the prevailing downtrend. Solana's recent price action mirrors this pattern closely, with each attempt at recovery stymied by strong resistance, reinforcing the prevailing bearish sentiment.
Short
by TopgOptions
3
XAUUSD major support and resistance for the daysupport: 2348 2337 2327 2322 2312 2306 Resistance: 2365 2374 2388 2395 2404 2412 2421 The bottoming sign in the 1D timeframe is clear, but the upward momentum still falls short of expectations. If a strong uptrend forms today, we could see a high of 2,370 in the 1D timeframe, after completing this uptrend, we will then assess whether there will be a correction or if the bullish trend will continue. In the 4H timeframe, it is just lacking a bit of momentum for an uptrend. With another rise on Thursday to break through 2,342 and the Bollinger upper band widening, it will form a strong uptrend. This could lead to a significant surge, and combined with the target in the 1D timeframe, we could see a rise of about US$30 this week. like boost follow us for more market updates
OANDA:XAUUSD
by realmillionairefx
xauusd analysisOn last monday we have posted a chart analysis major bullish and bearish points of xauusd. And all our targets were hit ✅✅✅✅ BULLISH: 2335 ✅✅✅ 2343 ✅✅✅ 2347 ✅✅✅ 2355 ✅✅✅ 2367 ✅✅✅ 2376 ✅✅✅ 2398 BEARISH; 2321 ✅✅✅ 2312 ✅✅✅ 2298 ✅✅✅ 2287 ✅✅✅ 2282 our analysis for monday june 10 2024 as xauusd has fallen around 120 points or 1200 pips from its top of 2388 on friday a possible retracement can be elicited out. if the support area from 2288-2282 is not breached then xauusd will fly back to 2333 area where it has major resistance minor resistance are present in 2304 2315 2321 more updates will be posted soon. please like share and follow us for more market related updates
OANDA:XAUUSDLong
by realmillionairefx
US DOLLAR INDEX The us dollar index opened with a gap. today the us dollar index which was closed at 104.94 opened at 105.5 with 11 point gap. this gap may be an indication that us dollar is going to resume its upward momentum this week which it has started on last Friday. if this momentum continues it will be a fall for xauusd. more clear cut analysis will be posted soon . but please post your comments which will be helpful to understand what the crowd thinks and thus understand market sentiments. LIKE BOOST FOLLOW US
ICEUS:DXYLong
by realmillionairefx
XAUUSD ANALYSIS OF THE WEEKLast week market has seen major volatile movements and this week the market will be more volatile due to abundant economic events that are about to happen. last week we have seen fall to major support area of 2322 and again market trying to breach the support and go to area of 2310 and from there a down fall to even 2281. The major moving averages both smoothed and exponential are in areas of 2344 to 2347 area. Breach above the area will meet major resistance of 2355 2367 2374 2383 2397. BULLISH AND BEARISH TARGET : BULLISH: 2335 2343 2347 2355 2367 2376 2398 BEARISH; 2321 2312 2298 2287 2282
OANDA:XAUUSD
by realmillionairefx
1
xauusd ADP NONFARM EMPLOYMENT REPORTADP is performs payroll services for its clients. The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is used as a predictor of the government's Labour Market Report. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD. FORECAST 173K PREVIOUS 192K ACTUAL 152K the data released is less than forecast and also less than previous report, which is too much bearish for dollar. its impact may show up after the us market is opened
OANDA:XAUUSD
by realmillionairefx
XAUUSD TODAY: Gold price keeps risingGold prices hovered around $2,340 per ounce on Tuesday, after logging gains in the previous session underpinned by growing expectations of eased monetary policies by major central banks. On Monday, data showed that US manufacturing activity slowed for a second consecutive month in May, while construction spending unexpectedly fell in April due to declines in non-residential activity. This further increased speculations that the Fed has room to cut rates this year. Traders are currently pricing a 60% probability of rate cut in September SELL GOLD: 2374 - 2376 , SL: 2380 BUY GOLD: 2327 - 2325, SL: 2321 Good luck investors
OANDA:XAUUSDShort
by Scalper_Ananda
XAUUSD recent updatexauusd is moving so deep down after various FED talks Gold slumps amid strong US Dollar, high US Treasury yields Gold prices slump on Wednesday amid rising US Treasury yields, boosting demand for the Greenback due to hawkish comments by a Federal Reserve (Fed) official. our recent analysis founds 2330-2328 is a strong support area and 2344 act as major pivot due to simple moving average passing through the point and mayor retracement from that area many times yesterday. above 2344 its a buy like share subscribe
OANDA:XAUUSD
by realmillionairefx
xauusd analysis for the week 27/52024- 31/07/2024the last week we have witnessed the biggest fall in a week in last 5 months. what will be going to happen in the coming week is much anticipated thing for traders. our viewpoint is there will be an upward correction in the trend and the retracement zone for the market is from 2327-2333 area and the growing geopolitical tension in the middle east will also be an add on factor for this correction. if the market goes below 2321 area of support then we can see a downfall till 2275 extended up to 2253. bullish targets: 2343 2355 2363 2376 like share and follow us post your comments to enlighten us with your view points
OANDA:XAUUSDLong
by realmillionairefx