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Gold movement February 9, 2022All eyes on todays USD news. Xauusd has gained strength since last week and has been on a bullish path and current at 1827 region. 1829/32 will stand as a strong resistance and above that we can see bull will roll the dice to 1838 zone On the contrary, 1818 is acting as a strong support zone and below that we can expect the bears to take the game towards 1812, 1804 with a short term target close to 1760/52. If you like the analysis, please like and share your feedback.
TVC:GOLDShort
by AltTrendNinja
NG Bearish ScenarioAs you see in the chart, we are in a downtrend and there is a resistance level at 4.182 which has pushed the price to the downside. Currently, price is facing a bullish pressure which may push it to retest the resistance level one more time (We may see a double top pattern creation). There’s a support level at 3.962, and if price breaks this level to the downside and closes a bearish candle below this level, I expect a drop on NG to 3.852 and 3.700 Otherwise, if price breaks the resistance at 4.182 to the upside with bullish candle closure, the bearish scenario is invalid and we expect a rise to the next major high around 4.400
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by Mahtab_Tradia
15
Market remain unstable AUDUSD EURUSDAUD/USD🔼 USD/CAD🔼 GBP/USD🔼 USD/JPY 🔽 NZD/USD🔽 EUR/USD🔼 USD/CHF🔽 Tuesday's trading session was marred by choppy, unexpected trading conditions for the second consecutive day. The S&P 500 is still trading in the red ahead of the US close. Still, it has rebounded sharply from earlier session lows, providing a sense of foreboding following yesterday's fierce late-session rally. As a result of the recent sensitivity of G10 FX markets to equity market volatility, the net result is a somewhat pro-risk bias. The Dollar Index (DXY) is slightly higher on the day but has retreated from previous highs in the 96.20s to trade below the significant figure. The USD shrugged off mixed Consumer Confidence data. The headline index fell marginally but not as much as feared due to inflation and pandemic (Omicron) fear, and somewhat faster than expected home price increase in November. Markets' primary focus is on 1) Wednesday's Federal Reserve meeting and 2) geopolitics, both of which have been cited as reasons for risk asset underperformance and increased safe-haven demand. However, one day ahead of what is projected to be an extremely hawkish Fed meeting (the Fed is predicted to approve multiple raises and QT in 2022), the most risk-sensitive G10 currencies performed nicely. The Australian and Canadian dollar both gained roughly 0.3 percent on the day against the dollar, relegating them to second and third place in terms of G10 performance, trailing the high beta NOK, which gained 0.5 percent. The Australian dollar rebounded over 0.7150/$ on hawkish RBA wagers following a hotter-than-expected Q4 2021 Consumer Price Inflation report that will have surprised the central bank. Hawkish central bank wagers are also bolstering the loonie. A minority of experts expect the Bank of Canada to surprise the market on Wednesday with a 25 basis point rate hike. Rather than that, the bank is more likely to adjust its forward guidance on rate hikes to reflect the current run of positive economic indicators, implying a rate hike is imminent in March. GBP/USD was another risk-sensitive G10 currency that performed well on Tuesday, with GBP/USD returning above the 1.3500 level as FX markets continue to disregard the uncertain political backdrop in the United Kingdom. With London police investigating charges that Downing Street parties violated lockdown rules, Boris Johnson's position as Prime Minister appears precarious. In terms of the rest of the G10 currencies, the JPY and NZD were flat against the dollar on the day, with USD/JPY trading just below 114.00 and NZD/USD trading just below 0.6700 ahead of December New Zealand trade numbers. Despite positive German Ifo survey findings released during the European morning, the euro fell 0.2 percent against the dollar, with EUR/USD harmed by technical selling following a fall below a significant long-term uptrend in play since late November. The pair is currently trading around 1.1300, rebounding from earlier lows in the 1.1260s, its lowest level in almost a month. Finally, CHF was the day's notable G10 underperformer, with EUR/CHF appreciating 0.4 percent to the 1.0375 range and USD/CHF gaining 0.6 percent to reach 0.9200 for the first time in almost two weeks amid speculation regarding SNB intervention. Find more on Mitrade. #Mitrade #DollarIndex #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD
by Mitrade_official
Gold,XauusdThe global ounce of gold is on a downtrend (correction), the downtrend line is broken but the price is still moving below $ 1830. If the price stabilizes above 1830, we can have the first long-term trend changes. But looking at the valid moving averages 50 and 100, which are very useful numbers in gold, we notice a negative failure in these two moving averages, but the important point is the breaking point of these two averages, which is done at $ 1773 and has become an important area. It has been said that the essence of this area is for resistance, that is, first confirming the price to come down and then resistance at the desired price. But the key support of $ 1690 after the failure of support 1760 is very important. Be successful and profitable
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by Bitcon_Plus
Brent Crude Oil Short Idea Brent Crude Oil has reached the Key physiological level of 80.00. On Friday the price surpassed the 82.50 area however since then the price has been unable to break past the previous high. On the Daily and 1hr time frame, the RSI levels are in oversold areas which indicates a sell on a short-term bias sentiment. The initial target for this trade is located at 81.20 - followed by 79.62 if the downtrend continues. The stop-loss is located at 82.88.
TVC:UKOILShort
by Orion-Markets
3
Crude Oil (Bearish)As you see in the chart, price didn’t succeed to make a higher high in its last upside move and has been rejected and pushed to the downside by the red resistance zone. Moreover, a bearish reversal double top pattern has been created and the neckline is broken out. Currently, we are in a downtrend and price is fixed below the neckline and is dropping after retesting it. I expect a drop to 75.200 for now and If price breaks the support level at 75.180 and closes a candle below this level in 1H, we can expect more fall for Crude Oil towards 72.450 and 69.750 in a long-term period.
FX:USOILShort
by Mahtab_Tradia
22
GOOGLE Drops As you see in the 1H chart, after a strong uptrend, price has started to rest and bounce sideways. There are downside and upside moves in the sideway zone, and currently, the ascending trend line of the last upside move is broken out to the downside and price has started a sharp downtrend. I expect a drop on price with two targets: First to $2893 and in the case of a downside breakout on this level, the next target for GOOGLE is $2869 Are you into stocks? What is your outlook on GOOGLE? Feel free to share your ideas in the comments.
NASDAQ:GOOGLShort
by Mahtab_Tradia
10