Next Premium Gold idea $$$$Gold is currently facing resistance at key levels, making it challenging for prices to push higher. Factors such as a strong US dollar, rising interest rates, easing geopolitical tensions, and bearish technical indicators have all contributed to the pressure. While the long-term outlook for gold remains positive, the current resistance zone suggests that the metal may struggle to break out in the near term. Investors should closely monitor price action to determine if gold can overcome this resistance and resume its upward trajectory.
Entry: 2322.64
SL: 2331.18
TP1: 2312.15
#xuausd #gold #signal #analysis #daytrading #forex #pips
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Forex-pips
P2P | Update On All Mark UpsHello family! Things have been well in the markets this week for me so I hope the same for you!
As of today, I have redone my chart mark ups about 1-2x over the last few weeks so mostly everything is still fresh and unique. I go into detail about using my strategy to analyze trades on both higher and lower timeframes, and that they work just as powerfully. In my recent bias on #DXY I explained how I was bullish on the dollar overall. Due to further fundamental research I have realized that its best to keep a mark up for your guide and build off that, than to express it being what "you think the market will do".
I also go over a few other charts, pretty in depth on a #gold trade I marked up the night prior. I can say that I have achieved a stronger trading level in my skillset and I am able to share it on this platform, rights and wrongs!
So thank you again family and the support is always appreciated. Trade well, stay healthy, and conquer one step at a time.
USD/CAD bullish bias still remain strong...We took a small break from posting our trading analysis but we are back to share some more of our trading ideas.
USD/CAD here is still looking very strong with the potential to break out into new monthly highs. 1.3200 is a possibility heading into next month. 1.3400 would be a long term profit taking zone.
Always follow your trading plan regarding entry, risk management, and trade management. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
USDJPY We can see bullish flag pattern on usdjpy which means is the continuation to the upside after the retracement to the downside, you can ride this trend to 129.430 level for safe take profit
do not use more than 2% of your account on a trade
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DXY D1 - Short SetupDXY D1
We may finally see this pullback towards 94.500 after the headlines and comments from Powell and the FED yesterday, lots of volatility surrounding the event, but as per the technical rundown... Solid bearish close with a majority wick fill.
Fresh daily, and we are seeing resumed weakness, really need to break and close around 95.500 to break interim support and send us deeper south.
USD/CAD finding strong support with positive outlooks...Trades were pricing in more volatility for the BoC via a loftier implied 68 pip break-even, but in the event Usd/Cad only moved in the region of 40 pips, initially, as the Bank largely stuck to the script and rolled out a very similar accompanying statement to the previous one from July - bullets and a link to the full text available via the Headline Feed at 15.00BST, with a direct comparison has been posted at 15.03BST.
Nevertheless, the Loonie gleaned some traction from a rebound in crude prices rather than decent increases in Canada’s Ivey PMIs to contain losses below 1.2750 even when its US rival was posting new early September peaks.
While others fall asunder along with equities, the Greenback has clawed back all and more of its declines to set a fresh m-t-d best in DXY terms, at 92.864, and multi-week highs against index components by definition on safe haven grounds.
GOLD IMPULSIVE MOVE EXPECTED! +-350 PIPSThe wedge is my favourite setup to trade: WHY?
- Sniper entry (Low risk:reward ratios!)
- High probability setup.
- Indicates market is preparing for big move to up or downside.
Important to practice patience with this setup. A lot of fake breakouts can occur. Recommend waiting for the break and RETEST CONFIRMATION! On a higher time frame.
Overall bias is to the DOWNSIDE but in terms of my entry, It can go either way. Once price breaks and retests- I will buy / sell in that direction. To catch the 350 pip move.
What are your thoughts?
AUDNZD H4 - Short SetupAUDNZD H4
really nice rejection, perfect evening star on the H4 yesterday on a key resistance zone, stacking price action with higher timeframe, powerful trading zones is exactly what we aim to do with these less impulsive pairs, ended up pushing 5R from the lowest price before the market correction.
Could see downside continuations come back into play as we approach this interim S/R and 1.07 handle.
USDCAD OVERSOLD? LOOK FOR THE RETRACE.HELLO ALL,
USDCAD has been on a year long downward trend. Right now it is at a point that it has made a possible daily LL and is basically oversold on the Daily RSI. If price action indicates a retrace, a long for this pair should be an easy trade. Use daily fib to determine your possible tp and or more longs. Also look out for that retrace to possibly go to the 50 ema as it has done in the past.
I am not a financial advisor, I am simply giving my opinion on this pair based on technical analysis and information a read and listen too. You all have a great weekend and good luck to all!
GBPUSD H4 - Short SetupGBPUSD H4
We obviously like to trade between our zones, right? That's how we know where we are looking to enter, where we are looking to place our stops and take profits, we can easily monitor and measure our trades on this basis, hence our strategy 'trading between the zones'.
We broke our 1.39 support zone and sold off circa 75 pips before correcting, bearing in mind, from 1.39 to 1.38 is only 100 pips, so 75% of that move was filled without a pullback.
Now seeing somewhat of a pullback, DXY is in a key range (91.00 support), we could either see a bounce or break, so effectively sat on a possible pivot point almost. Eyes peeled, could see some bit moves for the week close.