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XAU/USD: Gold Update, Testing Key Levels, Potential for RecoveryBy analyzing the #gold chart on the 4-hour timeframe, we can see that after hitting the third target of $2337 from our last analysis, gold faced heavy selling pressure and failed to reach the subsequent targets. Following this, gold experienced a significant drop, correcting down to $2304, and has since seen renewed demand after gathering liquidity below this level. Currently, gold is trading around $2315. We need to see if the price can stay above this critical level for the next 8 hours. If the price falls below $2309 again, it will likely enter the $2200 range. However, if gold can stabilize above $2320, we might see it rise again to $2329. This analysis will be updated accordingly. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSD
by ArmanShabanTrading
1
Dow Jones Index (US30): Your Trading Plan For Today Dow Jones Index is testing, a recently broken key daily resistance. With a high probability, the broken structure turned into support. Our confirmation to buy will be a bullish breakout of a neckline of an ascending triangle formation on 1H time frame. Hourly candle close above 39185 will confirm the violation. A bullish continuation will be expected at least to 39325. ❤️Please, support my work with like, thank you!❤️
BLACKBULL:US30Long
by VasilyTrader
1
DOWJONESDow Jones analysis 2 hour and daily time frame Dow Jones is near the 2-hour supply zone. After entering the zone, seeing the confirmation in the 15-minute time frame, we can enter sell positions with a stop just above the zone. If this area is lost, we will wait until it enters the daily supply area. If the ceiling of the daily supply area is touched, downward reversals give us the position of buying trades. to enter the daily latitude zone. If the 2-hour supply area is maintained, the first target of the midline trading range and the second target can be the 2-hour demand area, which is formed above the daily demand area.
TVC:DJIShort
by m0neyminer
US30 Technical Analysis and Trade Idea - Where To Next👉 Taking a close look at the US30 Dow Jones on the daily timeframe, we can see it’s in a bullish trend. It has reached a key resistance level, and while I’m interested in going long, I won't do so at the current level. Just below the current trading level, there’s a bullish imbalance on the 4-hour timeframe. I prefer waiting for a retracement to the 50-61.8% Fibonacci level for an ideal entry. In the video, we discuss the trend, market structure, price action, and other important aspects of technical analysis. Please note, the video is for educational purposes only and not financial advice. 📊✅
FOREXCOM:US30Long
by fxtraderanthony
DOW JONES - Completed Pattern. OANDA:US30USD While the OANDA:SPX500USD & OANDA:NAS100USD have been hitting new highs the DOW has struggled and has completed a Double ABCD Gartley pattern on friday and sold off into the close. Setting up potential downside targets of 38300, 37800 & to complete the bigger pattern @ around 37k. If we start heading lower on Monday then that could put the wheels in motion for the bigger correction. Big data out mid week will send it one way or the other. Enjoy the week. I will post shorter time frame areas to watch with potential intraday turns points.
OANDA:US30USDShort
by L_F
DOW JONES Ascending Triangle on its Bullish Leg.The Dow Jones Industrial Average Index (DJI) broke above the 4H MA200 (orange trend-line) again for the first time in a week, while holding the 4H MA50 (blue trend-line) as Support. The dominant pattern is an Ascending Triangle and the price action appears to be repeating the previous Leg. As you can see, following the bottom formation and accumulation (green Arc) on the Higher Lows trend-line, which followed the Bearish Leg in the form of a Channel Down, the previous Bullish Leg (dotted Channel Up) posted a strong rally, the 2nd phase of the structure, towards the Ascending Triangle's top at 40080 (Resistance 1) when it broke above the 4H MA200. As a result, we are bullish as long as the Asc. Triangle holds, targeting 40000 (just under Resistance 1, bottom of the red Zone). If however the price breaks below the Asc. Triangle (Higher Lows), we will take the loss on the buy and open a sell instead, targeting 37250 (Support 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
US30 - Watch Buy Zone!US30 is creating a really interesting pattern. We could be in an impulse/diagonal - Both of which follow similar rules. Wave 2 was a clear flat correction = 335, which broke out upwards of 23%! We are seeing a similar correction to wave 2 now. Typically wave 4 retraces atleast to the 38.2 fibonacci level. This is where we'll have our buy zone. We want to see 5 wave move down for subwave C (of wave 4). If all goes according to plan, we can draw an entry trendline using points 2 and 4 of subwave C to catch the 5th move higher. Should be an easy trade! Will update this setup if this gets enough engagement. Goodluck and as always, trade safe!
FX:US30
by WicktatorFX
1
Dow Jones US30 - Lets attack ATH again!Hi Again, Today I am sharing opportunity for long positions just before much anticipated FOMC meeting tonight. Call it a risky trade, but if longing US30 now is risky, what the hell are currencies, gold and especially, NASDAQ and SPX doing ?? The plan is to attack 39700 area and break ATH. Who said 40000 Dow Jones is the limit? Stop loss up to you. Safe stop loss is in 38400 area and lower due to nature of this structure they built. Long now and lets talk tomorrow :) Good luck and play safe!
CAPITALCOM:US30Long
by AdiVV
Optimal US30 Entry: Capitalizing on Weak USD Amid Soft InflationHello Traders, In today's trading session, we are closely monitoring the US30 (Dow Jones Industrial Average) for a potential buying opportunity around the 38200 zone. The Dow Jones is currently trading in an uptrend and is undergoing a correction phase, bringing it closer to the key support and resistance area at 38200. This level has historically acted as a significant pivot point, making it a strategic entry point for long positions. From a fundamental perspective, we are considering the negative correlation between the USD and the Dow Jones. The USD has been weakening following a series of soft inflation data. Yesterday's CPI report came in lower than expected, and the Federal Reserve adopted a dovish stance during the FOMC meeting, further easing monetary policy. Additionally, today's PPI data also came in softer than anticipated, reinforcing the trend of easing inflation. This series of soft inflation readings is expected to weigh heavily on the USD, as lower inflation reduces the need for aggressive monetary tightening by the Federal Reserve. A weaker USD is generally bullish for equities, including indices like the US30, as it enhances the appeal of US assets to foreign investors. Given these fundamental factors, the 38200 zone presents a decent support zone for the US30. Trade safely, Joe
BLACKBULL:US30Long
by JoeChampion
5
DOW JONES Bottom next week. 42k long-term Target.Dow Jones (DJI) is about to close a red 1W candle, staying flat basically for the 3rd week in a row. May's Double Top on Resistance 1 (40075) technically calls for an approach attempt on Support 1 (37250) but that doesn't invalidate the long-term bullish technicals as the pattern is a 1.5 year Channel Up. As a result, with the 1W MA50 (blue trend-line) supporting since the week of October 30 2023, closing in towards Support 1, we expect a bottom to be formed next week when the 1W RSI makes a Lower Low. As you can see, the last 3 long-term buy opportunities have been when a 1W RSI Channel Down (blue) made a Lower Low. Our long-term Target for Q4 is 42000 (just above the 0.786 Fibonacci Channel level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
XAUUSD NFP ANALYSIS AND TRADE LEVEL 7-6-24 (2)XAUUSD NFP DAY ANALYSIS 7-6-24: Spot Gold Prices and Market Movements Current Trends: Spot gold prices have surged to $2,387, indicating hawkish market movements. However, with the opening of the UK session, a retracement to a low of $2,340.92 has already been observed. Upcoming Data: Looking ahead, the release of the Non-Farm Payroll (NFP) data on June 7, 2024, is highly anticipated. Gold trading is expected to be cautious, with high trade volumes and significant numbers. Market Closures: On Monday, the markets in China and Australia, which have a substantial influence on gold prices, will be closed due to holidays. Influencing Factors US Dollar and Treasury Yields: Several factors, such as hawkish Federal Reserve expectations, have revived the demand for the US Dollar across the market. Treasury bond yields have rallied to multi-week highs. GDP Data and Jobless Claims: Thursday’s revision of GDP data from 1.3% to an estimated 1.6% suggests that jobless claims might increase, which could put pressure on the Dollar. This could affect gold values, potentially pushing them back to the $2,380-$2,400 range. Heading towards NFP show as of writing XAUUSD SPOT GOLD Prices are crashing to $2338.45 cmp now and as mentioned in our last NFP the factors influencing gold on NFP day This helped gold price attempt a modest comeback, having incurred steep losses on Wednesday. A surprise uptick in the Core figure will reinforce delayed and less aggressive Fed rate cut expectations, providing extra legs to the US Dollar decline while smashing gold price. Fundamental Which Might Affect XAUUSD:7-6-24 NFP Scenarios Friday: • 150,000 or Less: Could trigger USD selloff, boosting gold. • 200,000 to 250,000: May keep focus on inflation without major USD impact. • 250,000 or More: Could lead to Fed rate cut, driving USD rally and gold drop • Crucial jobs report for May. April’s NFP increase led to USD selling pressure. Upcoming Influences: The future of gold prices hinges on the forthcoming US Core PCE inflation data, due later in the American trading session on Friday. The Core PCE Price Index is anticipated to rise by 2.8% year-over-year in April, maintaining the same pace as observed in March. If the Core PCE price index exceeds expectations, it could delay anticipated aggressive Federal Reserve rate cuts. This situation tends to strengthen the US dollar while exerting downward pressure on gold prices. Conversely, if the Core PCE price index shows unexpected softness, it may increase the likelihood of a Federal Reserve rate cut in September, potentially driving a further increase in gold prices. Depending on forthcoming economic indicators, US inflation data might propel XAUUSD into the $2288-$2250 Range or $2400-$2450 range Technical Level and Analysis: Buy at:$2323.69-$2306.23-$2286.23-$2261.91 Sell at :$2388.31-$2400.67-$2425.41-$2447.34 ⚠️Warning: Do not risk more than 5% of your capital, you might lose your money 🔴Technical Status: XAUUSD: 📌 D1 SMA100-P (2260.90) Buy 🔺 H4 SMA100-P (2368.74) Sell 🔻 H1 SMA100-P (2347.88) Sell🔻 H4 SMA200-P(2351.01) Buy🔺 RSI(14): Status: Oversold STOCHRSI(14): Status: Oversold ROC: Status: Buy William%R: Status: Buy ATR(14): Status: Buy SOC: Status: Neutral ⚠️Ongoing Geo-political Tensions: ‼️ Israel – Iran Russia - Ukraine US-China Relations Middle East Instability Taiwan-China Relations
OANDA:XAUUSD
by sagaahhelite
TSLA : First Bearish Target Reached , What's Next ? (Fall More?)Upon reviewing Tesla's stock chart, we see that the price hit its initial target of $168 and even corrected down to $167. Following the release of yesterday's CPI data, the stock saw renewed demand and is currently trading around $177. Prediction : After a brief upward movement, I anticipate the stock will face another decline. Note : All other assumptions from the previous analysis remain valid. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
NASDAQ:TSLAShort
by ArmanShabanTrading
3