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XAUUSD Demand and Supply Zone | 4H TimeframeXAUUSD Demand and Supply Zone | 4H Timeframe HEY Traders ! hope you are doing well - This prediction is based on Technical Analysis - Supply and Demand Zone path elaborated - Gold touched the supply zone and clearly rejected to now in a bearish circle - Usd High Impact news are Waiting to moving gold volatile - Our Target and Our Trend as Shown in our Analysis - We decided to stick with our idea until gold touched the points 2350-2345-2340.00 - Stick with Trend - Don't be opposite from Trend
OANDA:XAUUSDShort
by professionaltradersfx
How To Trade Gold On CPI News DataAs a Gold Trader understanding and interpreting CPI data is crucial for making informed trading decisions. Here's a guide on how to read CPI data and a trade idea based on potential CPI outcomes: --- Understanding CPI Data: CPI Basics: The Consumer Price Index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. Core CPI: Core CPI excludes volatile items like energy and food, providing a clearer view of inflation trends. Gold's Reaction: Gold is often seen as an inflation hedge. A rise in CPI may lower real interest rates, which can be positive for gold prices. However, gold reacts primarily to strong increases in inflation¹. Trading on CPI Data: High CPI: A higher-than-expected CPI may strengthen the dollar, putting pressure on gold prices. Consider a short position if CPI is significantly above forecasts. Low CPI: A lower-than-expected CPI could weaken the dollar and boost gold prices. In this case, a long position may be favorable⁷. Trade Idea: Entry: Monitor the CPI release. If CPI is higher than expected, enter a short position; if lower, consider going long. TP and SL: Set your take profit (TP) near the next resistance level for long positions or support level for shorts. Place your stop loss (SL) just above the recent swing high for shorts or below the swing low for longs. Position Sizing: Adjust your position size to manage risk effectively, ensuring the SL does not exceed 1-2% of your trading capital. Example Trade Setup: If CPI is high: Short gold with SL above the last swing high and TP at the next significant support level. If CPI is low: Go long on gold with SL below the last swing low and TP at the flag high or next resistance level. Note : Always use proper risk management and adjust your strategy based on the actual CPI data and market reaction. --- Remember , CPI data can cause significant volatility in the gold market. Stay informed and be prepared to act quickly following the data release. Good luck! 📈 Follow for more setups and educational material
FXOPEN:XAUUSDEducation
by itmecrypomania
CPI Setup GOLD | Safe Zone CPI Setup GOLD | Safe Zone H1 Timeframe Current point 2027.50 - This Setup is not based on Sell or buy - According to last CPI Gold firstly moves 100+ pips in buy and then lay down - After Structuring the data we expected 100 pips buy then gold will fall - We set the safe zone if and if gold break the 2041 area then next move would be 2047 furthermore on the major support level if gold retest to break the 2012-2011-2010 next target would be 2000.00 - At a same time CPI , CORE INFLATION RATE , YOY AND MOM all are highly impact news - use proper lot size and risk management to secure profit because patience is a major key This Analysis is uploaded at 13/02/2024 Cheers ..
OANDA:XAUUSDLong
by professionaltradersfx
1
ETH/USD After Recent CPI Report🚀 Ethereum Analysis Update - Buckle Up! 🌙 1.)Waxing Moon Influence: 🌔 The mystical waxing moon cycle has graced us! Brace yourselves for potential shifts in market dynamics. History shows it can be a game-changer, so keep a keen eye on its impact. 2.)Bearish Divergence Alert: 📉 A bearish divergence is playing out on the daily chart - the market's way of whispering potential caution. Bulls, be on guard! 🐂🚨 3.)Bollinger Band Potential Rejection: 💥 The Bollinger Bands are hinting at a possible rejection. Are we in for a bounce or a breakdown? Time to read the signs! 📊🧐 4.)CPI Report Surprises - Inflation Gets Sticky: 📈🔥 Surprise, surprise! The latest CPI report came in higher than expected, signaling that inflation is getting sticky. Brace for potential turbulence as the Federal Reserve contemplates interest rates. How will Ethereum dance to the inflation tune now? 🕺💸 Stay vigilant, traders! 🚨 Your favorite crypto might be gearing up for a thrilling ride. As always, DYOR (Do Your Own Research) and trade wisely! 💼💰 #Ethereum #CryptoAnalysis #MoonCycleMagic 🚀🌙
BITSTAMP:ETHUSDShort
by MasterChef23
XAUUSDHey guys, Looking at gold here today, with CPI data to be released, I'm anticipating a bearish continuation. 1988.879 - 1986.404 Potential sell zone (fib retracement) 1975.487 Old high that will probably be violated should CPI drive price lower (take profit one) 1965.467 Old low loads of liquidity resting below from buyers. (Final take profit) 2009.719 In the unlikely event that price decides to push higher this is a level where price may stall before continuing lower (post CPI data release) Analysis by Austin Palmer for APFX Trading
OANDA:XAUUSD
by Austin_Palmer
usdcad trade idea I bias down sideThe Canadian dollar has managed to maintain strength against the USD in a week with little Canadian specific economic data. Last week’s Bank of Canada (BoC) rate announcement saw Governor Macklem leave the door open to additional hikes should incoming data necessitate. Subsequently, the local balance of trade and labor reports outlined the economies resilience and sustained upside pressures on inflation from an average earnings lens. Higher crude oil prices are also favorable for the CAD while supplementing the inflation narrative that could prompt the aforementioned hike early next year. This is reflected in BoC interest rate expectations (refer to table below) which have been ‘hawkishly’ re-priced to suggest a 10bps peak from 5bps just last week. BANK OF CANADA INTEREST RATE PROBABILITIES
Short
by Ttrade-With-Logic
2
$CNIRYY - Deflationary CPI- While ECONOMICS:USIRYY numbers remain inflationary, having the latest increase to 3.2% on August 10th, on the other side of the World from the second Global Superpower, ECONOMICS:CNIRYY came Deflationary at negative 0.3% on 9'th of August, just a day prior to numbers of ECONOMICS:USIRYY . Note that The Head of Federal Reserve, our pal Jerome Powell, stated that Feds do not see Inflation ECONOMICS:USIRYY coming down to their norm target of 2% CPI by 2025. Jerome still believes on a 'Soft Landing'.. How about another Joke, Powell !?
ECONOMICS:CNIRYY
by Mr_J__fx
CFD Update: FRA40 pushing at a new leg higher?Today's focus FRA40 CAC Pattern – Support hold - continuation - HL Possible targets – 7465 - 7600 Support – 7315 - 7360 Resistance – 7460 (ST) Indicator support – CCi close to 0 cross – 38.2 fib area Could we see a new leg higher on the FRA40? After Monday's holiday, price has opened lower on Tuesday, but there are a few bullish signs we are watching that could suggest a new push higher. Price formed an HL in the 38.2 fib area, support has been formed, and we see the support hold from a previous point of resistance. Price broke through the trendline, but we still need to see a new rally to confirm that. A new lower that closes below support is worry and could invalidate the idea. Another factor is tomorrow's US CPI data. Depending on what’s released, this could impact US indices and, in turn, move European indices. The Core is expected to come in lower, with Y/Y flat at 5.0% and the M/M higher at 0.4%. The CPI data is due to be released at 8:30 am EST tomorrow. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:FRA40Long
by Eightcap