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XAUUSD H4 Outlook after USA News!The price of gold experienced a significant oscillation, reaching $1,880 and then dropping to $1,860 after an initial rebound. The Relative Strength Index (RSI) indicates excessive sales, suggesting the need for consolidation before any further declines. Factors such as the potential real estate crisis in China and the risk of a partial US government shutdown favor gold as a safe haven. However, expectations of a restrictive monetary policy by the Federal Reserve limit optimism. The price of gold may continue to decline, with $1,880 representing a strong resistance and a crucial support level at $1,857-$1,858. Despite solid economic data from the United States, political uncertainty suggests caution. Focus on inflation and divisions in the US Congress add uncertainty to the gold market, keeping traders waiting for the Personal Consumption Expenditures (PCE) Price Index data to guide future trading decisions. Additionally, the price is in the 1848 area, which, after breaking a swing low at the 1860 level, appears to be an excellent point to look for possible bullish reversals, although the price could further drop to the 1820 level, where we have an H4 demand zone. In the case of an upward movement, the price could rise to the physiological target of 1900. Let me know what you think, leave a like and comment to support our work. Greetings and have a good evening from Nicola, the CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1
EURUSD bullish - BUYPair just broke out Asian session and day high. Pair is moving below it's ADR with 70+ pips left on the table. Timing is good since we are not yet inside NY session and by London fixing time we might get 30-40 pips of upside. Who missed the breakout of daily high, can wait for pullback after leg is completed. I expect targets within daily ranges, near 1.089 resistance. NOTE: This is intraday trade and entries/exits are based on intraday levels and nearest resistance areas.
Long
by fxmonarchy
EURUSD(1D) - long with controlled losses. I explain why there is a long position in this drawing on my probability estimates - taken from technical indicators. Note carefully the word 'controlled loss' means stoploss which means that's money one is prepared to lose. I never avoid talking about losses, as it is the most important thing to control in trading. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
Long
by Captain_Walker
1
EURUSD LONG - forgot to post yesterday Worth noting that EURO moves in tandem with GOLD (XAU) quite closely. Euro is sitting at a strong weekly liquididty zone, buyers are pushing it up even tho intraday says sell. It's worth backing the big movers and working off a larger time frame. Increasing sl and tp / reducing reward to compensate for what could be a bit of sideway market movements. Dollar has taken our the block of orders and it retesting the underside of it, this implies large buyers are out. Will touch base when there are further developments but for now, set and forget the trades, leave to run. If trades hit tp we'll do a video on the analysis so you can see first hand why we changed our view
Long
by ill-boy000