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
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Buysell
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
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xauusd weekly reviewxauusd faced the largest one week drop in last 5 months. the exact reason for this can be elicited as many.
1) soon there will be no change in interest rate of us dollar and its decided as it is may happen by september not in june
2) strong us job data
3) lot of positive economic news from usa which powered dollar
4) in last two months xauusd was over brought and now a correction is happening in that price.
5) market manipulation.
What you feel please comment us
XAUUSD ANALYSIS OF THE DAYXAUUSD has seen a big fall in last two days from a upper level of 2450 to 2328 almost 1220 pips and there is no rational reason for this fall instead lot of looming geopolitical us market related financial revelations are moving market.
currently we see a few up trends from two layer
entry level : 2329
entry level 2 : 2312
major tp and resistance points 2344 2363 2376 2383 2397
pivot 2365
trade with care
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xauusd new update and signalstwo days before we have published a chart showing potential movement of xauusd and its possible downward tends and upto what level it will fall. we have explained that if it breaches 2407 then it may fall to 2376
bullish targets: 2440
2433 done
2427 done
2421 done
2413 done
bearish targets : 2401 done
2397 done
2396 done
2391 done
2383 done
2376
we pin that previous charts also here.
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OIL 20/5/2024 AnalysisDue to serious geopolitical scenario happening in the middle east usoil has a potential tendency to go long.
the Israel strike over Rafa and death of iranian president has created a serious tension in the middle east zone which can be affecting the price of black gold the oil.
Bullish targets: 79.60
79.80
80.10
bearish targets : 79.00
78.80
supports: 79.23
78.57
78.21
pivot 78.85
resistance 79:85
80.25
until and unless the pivot is not broken oil will continue buy.
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xauusd recent analysis based on market movementsfrom the volatile market movements in us section 2407 now acts as a major pivot. any movements above this section will be a buy upto the area of upper interest 2450 and breach of this pivot will draw market down passing various supports down to 2376.
PIVOT 2407
RESISTANCE 2427, 2436, 2449, 2463
SUPPORT 2407, 2400, 2397, 2392, 2383, 2376
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GBPUSD BUYWeekly:
1. Direction:
Bullish
2. Reasons:
1. Price disrespected the FVG
2. Good displacement to the upside
3. Price is moving from IRL to ERL
Daily:
1. Direction:
Bullish
2. Reasons:
1. Price never tested the daily FVG
2. Good displacement to the upside
3. Price took a daily swing high
4. Price is moving towards major swing highs
4H:
1. Direction:
Bullish
2. Reasons:
1. Price never tested the daily FVG
2. Good displacement to the upside
3. Price might react from FVG
4. Wait for 15M MMBM
Bearish DXYWeekly:
1. Direction:
Bearish
2. Reasons:
1. Price disrespected the FVG
2. BOS with massive displacement
3. price is moving from IRL to ERL
Daily:
1. Direction:
Bearish
2. Reasons:
1. Price respecting the FVG
2. BOS with massive displacement
3. price is moving from IRL to ERL
4. currently reacting off of FVG
4H:
1. Direction:
Bearish
2. Reasons:
1. BOS with displacement
2. price respected 4H FVG
2. Wait for the reaction from newly formed FVG
3. Wait for 15M MMSM
HOOD Robinhood Markets Options Ahead of EarningsIf you haven`t bought HOOD before the previous earnings:
Then analyzing the options chain and the chart patterns of HOOD Robinhood Markets prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $2.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
OCGN Ocugen Options Ahead of EarningsIf you haven`t bought OCGN when they released their Covid vaccine:
Then analyzing the options chain and the chart patterns of OCGN Ocugen prior to the earnings report this week,
I would consider purchasing the 1.50usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WMT Walmart Options Ahead of EarningsIf you haven`t bought the dip on WMT:
Then analyzing the options chain and the chart patterns of WMT Walmart prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-5-24,
for a premium of approximately $1.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CSCO Cisco Systems Options Ahead of EarningsIf you haven`t bought the dip on CSCO:
Then analyzing the options chain and the chart patterns of CSCO Cisco Systems prior to the earnings report this week,
I would consider purchasing the 50usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $1.52.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ZM Zoom Video Communications Options Ahead of EarningsIf you haven`t bought ZM before the previous earnings:
Then, after analyzing the options chain and the chart patterns of ZM Zoom Video Communications prior to the earnings report this week,
I would consider purchasing the 65usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $8.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GME GameStop Options Ahead of EarningsIf you haven`t sold GME before the previous earnings:
Then analyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week,
I would consider purchasing the 13.50usd strike price Calls with
an expiration date of 2024-3-28,
for a premium of approximately $1.41.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t bought the dip on DIS:
Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week,
I would consider purchasing the 112usd strike price Puts with
an expiration date of 2024-5-10,
for a premium of approximately $2.82.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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SHOP Shopify Options Ahead of EarningsIf you haven`t exit SHOP when the selloff started:
Then analyzing the options chain and the chart patterns of SHOP Shopify prior to the earnings report this week,
I would consider purchasing the 78usd strike price Calls with
an expiration date of 2024-5-10,
for a premium of approximately $3.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.