Forex-gold
Btc Analysis and Trade Idea💸 #BTC (BITCOIN)💸
📊 4H
🟢Bullish Breaker Block: 27500$-28000$
🟢Bullish Order Block: 24500$
🟡Equilibrium Zone: 22000$
🔴Premium Level: 32000$-36000$
▪️Trend: EMA Direction Up+EMA Pulling Down +Price Crossed Under HMA
▪️Momentum: MACD Histogram Pivot Up+Stoch Crossed Signal Up
▪️Volatility: Increasing
▪️POC: 20000$-24000$
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📊Powered By Smart Money Concept+Volume profile
🆚Risk/Reward Ratio:10
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👤 Analysis By Hyperion_Trader
📅 04.10.2023
📫Get Free Access to Premium «Analysis + Trading Signals»
XAUUSD We expect XAUUSD to correct towards 1840 in the coming week(s)
Expecting short-term USD strength, correction on XAU and other cross currencies is likely.
Currently, we are in a triangular pattern of congestion in a smaller and smaller area. The market seems to be acquiring liquidity for the next move, which we expect to be to the downside,
as volume on the recent highs was higher than usual if it would be an upside continuation therefore we expect MMs to push the market down for further liquidity grab.
Don't hesitate to reach out let's discuss! If you have any questions please don't be shy!
XAUUSD, My next buy zone. XAUUSD / 1D
Hello traders, welcome back to another market breakdown.
Gold has bee trading in a bullish trend. The price now is around resistance where a lot of bulls take profit.
I'll be waiting for Gold to retrest back to the flip zone where I'll be studying few longs.
Tarde safely,
Trader Leo.
Non-farm payrolls data is about to bearish the gold market!Today, the U.S. February quarter-adjusted non-farm payrolls data will be released. Everyone knows that this data will play a key role in the gold market, because the performance of non-farm payrolls will directly affect the fundamental sentiment, which will determine the direction of the gold market in a short period of time.Does the non-farm payrolls data to be released today benefit the gold market or suppress the gold market?Let us make a bold prediction.
On Wednesday, the announced value of ADP employment in the United States in February was 242,000, the previous value was 119,000, and the forecast value was 200,000, while the actual announced value of 242,000 was much higher than the previous value and the forecast value. To a certain extent, it shows that the U.S. economy is strong and supports the dollar, thereby suppressing the gold market.
On Tuesday, Fed Chairman Powell's hawkish speech suppressed the gold market. However, after Fed Chairman Powell mentioned on Wednesday that the rate of interest rate increases in March depends on the data, the number of initial jobless claims in the United States released on Thursday was 210,000, higher than the previous value of 190,000 and the forecast value of 195,000, reflecting that the tight job market in the United States has still not eased, causing the market's expectations of the Federal Reserve raising interest rates by 50 basis points in March to cool down, US bond yields fell sharply, and the dollar was dragged down, which benefited the gold market.
And today's non-farm payrolls data show that the market expects the number of new jobs to be 205,000, compared with the previous value of 517,000. Judging from the ADP data guidance, the non-farm payrolls data show that the market expects the number of new jobs to be higher than the expected value of 205,000, and the number of initial jobless claims in February remained at a comparable level. Although the number of people applying for unemployment benefits at the beginning of the week was as high as 210,000, overall, the number of new jobs in the month will not have much impact, so I think the non-farm payrolls released today will be higher than the expectation of 205,000, thereby suppressing the gold market.
It should also be noted that the position of SPDR, the world's largest gold ETF, decreased by 3.47 tons to 903.15 tons on Thursday, a new low since the end of January 2020, suggesting that institutional and professional investors are still inclined to bearish the gold market.
It can also be seen from the trend of gold. Although gold has recorded a strong rise in the short term, the strong pressure above still exists. Therefore, the early rise of gold is most likely to be to prepare for non-farm payrolls data and reserve room for the decline of the gold market.Then everyone thinks that the non-farm payrolls data to be released today will benefit the gold market or suppress the gold market?Everyone is welcome to come and discuss.
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EURUSD Potential Forecast | 6th March - 10th March 2023Hi everyone, CY back with another forecast. Let's prepare for a heavy and potentially volatile week ahead!
Today's forecast will be for the upcoming week and the general direction where price can potentially head too with EURUSD.
Let me begin..
Fundamental context
1. Next week will be an important week for the USD and there will be the NFP data release that determines the job/labor market in the US.
2. Given Jan's whopping NFP print of 517k jobs , will the job market continue its resilience and stay strong consistently? Or was the month of January just an anomaly?
3. EUR is also riddled with plenty of economic news and data releases such as the retail sales m/m and CPI news release.
4. Mixed sentiments surrounding the USD due to the "hot and cold" data news releases , from the poor durable goods orders m/m due to Boeing, to the decent ISM manufacturing index and to the weakening consumer confidence in the US.
5. However, next week will provide a confirmation to the upcoming bias for the dollar.
MY PERSONAL TAKE
I believe the USD will continue strengthening . The economy in the US has proved far more resilient than ever and the 517000 jobs added for the month of January was not due to an anomaly and there were gains in almost all sectors of the job market. If there is one thing, never bet against the USD.
Technical context
1. Price has been stuck in a 158.2 pip range.
2. On the HTF, EURUSD is still on a bearish trend.
3. However, on the H1 timeframe, EU is on a bullish trend.
4. Price has already swept buy-side and sell-side liquidity as marked by "liquidity taken".
5. Price is currently hovering at a LTF supply zone. (expected to be broken due to Monday's asian opening volume)
6. Price can continue heading up to clear the HTF buy-side liquidity as marked by the red line, which will then come back lower to sweep the HTF sell-side liquidity.
7. Inducement has been marked which serves as a greater confluence for price to tap into.
Thanks for tuning into my forecast on the upcoming week.
Pleasure to have you all here.
Best Regards,
CY
follow the little black man to new gold highsxauusd , gold spot / u.s. dollar
2023 ... will gold reach new highs ?
the precious metal has been trading in a consolidation phase since second quarter of 2020, trading between 2 significant levels of average price of low @ 1687.000 and high @ 1933.000.
market momentum changed from bullish to bearish @ $1933 making a -7.15% loss in price to current price, i anticipate that this bearish run to continue lower to liquidity pool ranging from @ 1779.400 to 1766.700 and find some support on trendline acting as dynamic s/r level .
my overall bias for the year is bullish for the precious metal with the right catalyst and fuel (fundamental) and momentum price can reach new highs trading above current ath @ 2075.282 (as of OANDA price feed)
it is still early days of the year and a lot can happen as there are plenty opportunities around, lets keep a close eye on the market and be ready for such opportunities!
supply and demand
never say never, because limits, like fears, are often just an illusion.
put together by : Pako Phutietsile
presented by : @currencynerd
courtesy of : @TradingView
RLinda ! GOLD-> Consolidation above the lvl will give the targetGold on the daily chart hints at the end of the correction and the formation of a set-up, which might herald the recovery of the lost growth.
The price breaks through the strong level of 1843.37 and there is only to wait for the bulls to hold this position, in which case the futures will open the way for a breakdown of the channel resistance and a recovery to the area of 1865 and 1900.
I assume that after the price consolidates above 1843, followed by its breakthrough of the channel resistance, there will be a quite active growth to the previously mentioned targets: 1865 and 1900
Regards, R. Linda!
SasanSeifi 💁♂️🟡 Gold/4H /UPDATE✔ :1838?1830??Hi traders, as I expected, the price dropped about 350 pips after the liquidity was collected. Now the previous analysis is still valid.
It can be expected that the price correction will continue until the range of 1838/1830.
❎ (DYOR)...⚠⚜
What Do you think about this analysis? I will be glad to know your idea 🙂✌
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DXY (Dollar index) Daily: 21/01/2023: Bull or Bear?
Well, as you can see now I believe in a bear market.
Bear scenario: Now we have a market consolidation that results in the accumulation of liquidity on both sides of this area. in addition, we have daily resistance that you can see on the chart that can push the price down.
Bull scenario: The primary basis of this idea is that the weekly Demand zone can play a crucial role in changing the market way and the price move higher for collecting the liquidity above equal high and filling the fair value gap.
💡Wait for the update!
🗓️21/01/2023
🔎 DYOR
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EURUSD Potential Forecast | Friday 27th January 2023Hi everyone, today I will be talking about a possible EURUSD short trade using Smart Money Concepts.
Trade idea
1. Price has swept buy side liquidity above on the weekly
2. Price then had a strong bearish reaction which broke sub-structure
3. Price is currently on a retracement
4. Lower blue zone has been marked out as a potential point of interest to look for short set ups
5. Will wait for confirmations such as a break of structure and sweep of liquidity on LTF
Things to take note of:
1. There is fundamental news PCE price release tonight at 930 pm SGT. Do trade safely for those taking the same trade.
Trade safe guys!
Regards,
Chern Yu