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Gold increased sharply after US economic data weakenedXAU stays near historic peak, domestic gold skyrockets after more than 2 months of "immobility" World gold prices continue to climb and are at a historic peak due to the further weakening of the USD. According to the CME FedWatch tool, the market is betting on a 100% chance that the US Federal Reserve will cut interest rates on September 18. Earlier this week, Fed Chairman Jerome Powell said that recently released data "increases confidence" that inflation is falling sustainably toward the Fed's target level. Many Fed policymakers also said they are increasingly optimistic that inflation is on track and falling toward the 2% target mark.
OANDA:XAUUSD
by NicoTradingMaster
XAU increased to a record high everXAU price increased quite strongly to near historical peak after the instability taking place in the world World gold continues to increase and moves towards the historic peak of 2,450 USD/ounce recorded on May 20 after the US announced that total retail sales remained unchanged in June. In May, revised figures showed total retail sales increased 0.3%. In fact, economists forecast that total retail sales decreased by 0.3% in June. Thus, the number announced last month exceeded expectations. However, this is not positive information. The US economy tends to send signals that are no longer as strong as in the first few months of the year. Previously, the US announced that inflation continued to cool down and the labor market tended to deteriorate with the unemployment rate increasing.
OANDA:XAUUSD
by NicoTradingMaster
Cash flow will pour into gold and gold prices will reach recor hGold is assessed to benefit in the context of increased risks after the incident of former US President Donald Trump being suspected of shooting during an election campaign in Butler, Pennsylvania on July 13. If Mr. Trump wins the election next November, the USD may weaken, thereby also pushing up gold prices. Macroeconomic data that is no longer bright is the basis for US Federal Reserve Chairman Jerome Powell to recently signal a reversal in monetary policy. Mr. Powell expressed concern about the weakening of the economy and the risk of recession. In a testimony before the US Congress last week, the most powerful man in the world's financial industry said that the US will cut interest rates and not wait until inflation is clearly heading towards the 2% target. The USD has recently declined following signals from the Fed, thereby putting pressure on gold. Gold also increased in price thanks to positive signals from technical analysis. The upward price momentum has been established after precious metals rose quite firmly above the threshold of 2,400 USD/ounce over the past several days. Upward momentum is being confirmed and gold is forecast to set a new all-time high, possibly as soon as this week.
TVC:GOLD
by NicoTradingMaster
At this point, a rate cut in September looks very likely.A range of critical financial reviews can be launched via way of means of americaA this week. Experts expect that the gold marketplace will now no longer alternate an awful lot after those reviews. However, the fashion of gold continues to be at the upward push because of expectancies that americaA Federal Reserve (Fed) will loosen economic coverage whilst the June customer charge index file is published. FxPro senior marketplace analyst Alex Kuptsikevich stated that the reality that gold nonetheless continues the $2,400/ounce mark is a superb sign. He stated that presently the indicators displaying the opportunity of hobby charge cuts via way of means of the Fed have become clearer. In any other analysis, gold is likewise expected to boom sharply via way of means of experts. Accordingly, worries approximately instability earlier than and after elections in many nations round the arena will guide the upward push of gold, pushing valuable metallic expenses to new records.
TVC:GOLD
by TrategySherpa
GOLD XAUUSD Next possible movemets #XAUUSD ( Update..! ) The pair is currently running in a confused situation. According to that I can expect two scenarios. The most possible scenarios are most possible. Sell now : Reason ❔ Broker the low time frame 5M descending channel Broker the low time frame 15M descending channel 15M Structure break successfully 5M resistance break successfully Buy now : Reason ❔ Running bullish trend in 1H timeframe Making reasonable Fvg with huge range Rebound from 1H trendline Rebound from 1H support zone My recommendation is just waiting for the local bearish or bullish confirmation to enter the market. This is a very dangerous situation. Be careful guys.
PEPPERSTONE:XAUUSD
by chamitha45
The gold market witnessed a strong increaseThe gold market is witnessing a strong bullish reaction to better-than-expected inflation data Inflation is falling towards the Fed's 2.0% target and makes it more likely that the central bank will start cutting interest rates - a positive development for gold. Interest rates have done a good job of bringing inflation back to the Fed's 2.0% target. Asked about the timing of future Fed rate cuts and whether he would wait until the Fed's preferred inflation measure, the Personal Consumption Expenditures Price Index (PCE), falls below target Fed before taking action, Powell said he would not do so, because "inflation has a certain momentum" and "you don't want to wait until inflation falls to 2.0%".
TVC:GOLDShort
by TrategySherpa
Gold decreased to a strong increaseAfter last week's US jobs report, market forecasters said the Fed would cut interest rates in September from 50% to 70%. World gold prices fell sharply due to profit-taking pressure from investors. Analysts say that this is normal activity when gold prices are at high levels in recent sessions. According to experts, in the long term, gold prices still tend to increase. Precious metals are being supported by last week's statements by US Federal Reserve Chairman Jerome Powell about loosening monetary policy. It is likely that the Fed will cut interest rates in September and will likely cut again in December. After the gold price increased sharply to 2,391 USD/oz, many investors quickly took profits, especially in May and June 2024, China had 2 consecutive months of not buying gold. This week, the market's attention will be focused on Fed Chairman Jerome Powell's statement in testimony before Congress and US inflation data scheduled for release on July 11.
TVC:GOLD
by TrategySherpa
World gold prices soared as the USD cooledWorld gold prices soared as the USD cooled after US Federal Reserve Chairman Jerome Powell made less hawkish statements on monetary policy. Fed Chairman Jerome Powell expressed satisfaction with the pace of cooling in US inflation over the past year. This is a less hawkish signal about monetary policy. The DXY index - measuring the greenback's fluctuations against six major currencies - fell from 106 points to 105.4 points on the US market. Gold prices immediately increased. Investors are betting on the possibility that the Fed will have to consider the possibility that cutting interest rates too late could affect the recovery and growth of the US economy.
OANDA:XAUUSDShort
by TrategySherpa
XAU plummeted without stoppingXAU dropped sharply in the context of investors being cautious before the US announced important information about the economic situation. Money flows betting on the USD as US Federal Reserve (Fed) officials remain hawkish, determined to step up the fight against inflation. After each statement by a Fed official, the USD strengthens, thereby putting downward pressure on gold prices. The USD is also supported by efforts to cut interest rates early by many major central banks in the world, including the ECB of Europe and Canada... Recently, the USD is not only stable at a high level but also tends to increase in price.
OANDA:XAUUSD
by TrategySherpa
Foreign exchange trading skills worth collecting (Part 2) Continuing from the previous article; 25. Observe the magnitude of market changes: When the market falls (rises) with the same small amount every day, it may be a signal of a rebound (fall). 26. The dense area is likely to form a support belt or pressure belt: The dense area can be regarded as an obstacle to slow down the market price fluctuations. Once the trading range is broken, the price will make progress. Generally speaking, the longer the trading range lasts, the greater the price movement after the breakout. 27. Significant price rises and falls are often accompanied by key reversals: When the price hits a new high on high trading volume, then falls and closes lower than the previous day, it is usually a reversal phenomenon in the uptrend. The reversal in the downtrend is that the price first goes down, then rebounds strongly on the same day, and finally closes at a higher closing price than the previous day. 28. Pay attention to the head and shoulders pattern: When a head and shoulders pattern is formed on the price chart, it is usually a signal of a big rise. The appearance of the head and shoulders will not be clear until the second shoulder rebounds or pulls back to the level. 29. Pay attention to the highest point of "M" and the lowest point of "W": When the market trend forms a large M on the price chart, it suggests that you can sell. When it forms a W, it suggests that the price will rise. 30. Buy and sell at three highs and three lows: When the market climbs to a peak for the second or third time, it is a bearish signal; otherwise, it is a bullish signal. 31. Observe changes in trading volume: When trading volume rises with price, it is a buy signal. When trading volume increases and prices fall, it is a sell signal, but when trading volume decreases, no matter how the price moves, it is a wait-and-see or expecting a reversal signal. 32. The amount of open contracts can also provide intelligence: If open contracts increase when prices rise, it is a buy signal, especially when trading volume increases at the same time. Conversely, if open contracts increase when prices fall and trading volume is large, it provides sell information. 33. Pay attention to the fact that things will turn around when they reach their extremes, and good times will come after bad times: when a rising trend is very strong, pay attention to the implicit downward trend and pay attention to negative factors at any time; when a falling trend is very weak, pay attention to the implicit recovery information, pay more attention to positive news, and beware of market reversals. 34. Carefully judge the news effect: first, judge the authenticity of the news; second, understand the timeliness of the news; third, analyze the importance of the news; and finally, study the indicative nature of the news. 35. Retire before the delivery period: Commodity prices will have relatively large fluctuations in the delivery month. Commodity trading novices should move to other commodities before this to avoid this additional risk. The potential profits during the delivery period should be sought by experienced spot market traders. 36. Buy and sell when the market breaks through the opening price: This is a good hint of price trends, especially after a major news report. A breakthrough in the opening price may indicate the trend of trading that day or in the next few days. If the market breaks through the upper limit of the opening price, buy; if the breakthrough point is at the lower limit of the opening price, sell. 37. Buy and sell at the previous day's closing price breakthrough point: Many successful traders use this rule to decide when to establish new contracts or increase contracts. It means buying only when the transaction price is higher than the previous day's closing price; or selling when the transaction price is lower than the previous day's closing price. 38. Buy and sell at the previous week's high and low price breakthrough points: This rule is similar to the daily rule mentioned above, but his high and low prices are predicted based on the high point of the week. When the market breaks through the highest point of the week, it is a buy signal; when the market breaks through the lowest point of the week, it is a sell signal. 39. Buy and sell at the previous month's high and low price breakthrough points: The longer you observe, the more market momentum your decision will be based on. Therefore, the price breakthrough point of each month is a stronger hint of price trend, which is more important for futures commodity traders or hedge traders to make or break. 40. Establish pyramid trading: When you add contracts, do not add more contracts than the first one. This is a dangerous trading technique because as long as the market reverses slightly, all your profits will be wiped out. In the inverted pyramid trading, the average cost is close to the market price, which will hurt you. 41. Be careful with stop loss orders: The use of stop loss orders is a simple self-discipline; it can help you stop losses automatically. An important factor is: when you place an order, you must also set a stop loss point at the same time. If you don’t do this, you will lose more money and increase your losses in vain. 42. The retracement in a bull market is not the same as the bear market: conversely, the rebound in the bear market is not a bull market. Most investors like to short in a bull market and believe that it will definitely retrace, and vice versa. Change the rhythm and learn to buy in the retracement in the bull market and short in the rebound of the bear market. You will get more profits. 43. Buy and sell when the price is out of the track: Some successful traders use this rule most often. They buy and sell when prices are out of the norm or beyond general expectations. If ordinary buyers and sellers believe that market prices are rising, but in fact they are not, it is usually a good sell signal, especially after important information is released. Successful traders will wait for the general public to lean to one side, and then choose the time to buy and sell in the opposite direction. 44. The market will always fluctuate in a narrow range after violent fluctuations: when the market stabilizes after a sharp rise or a heavy fall, you must observe when the actual buying or selling begins to increase steadily, so that you can understand whether the market is ready to start, and take the opportunity to get on the train and wait to earn a wave of market. 45. When the bulls are rampant, the rise will slow down: if the market is filled with strong bullish arrogance, the price will not rise easily. Why is this so? When everyone is bullish and enters the market to do more, who can buy again and push the market up? Therefore, the price can only continue to rise after the people who originally did more can't stand the price softening and exit the market. 46. ​​Buy and sell at the breakout points of rising and falling wedges: Any trend has its own process of brewing, generation, and development. When recorded on a chart, it will take on a certain shape. Once a certain pattern is formed, it usually has a considerable enlightenment effect on the future market development. Although it is not absolute, it has a high probability and has its reference value. 47. Don't buy and sell multiple commodities at the same time: If you try to pay attention to the pulse of many markets, that is, if you want to grasp the news of several markets at the same time, you will hurt yourself. Few people can succeed in both the stock index and the grain market at the same time because they are affected by irrelevant factors. 48. Don't add to the losing commodities: No matter how confident you are, don't add contracts to the commodities that have already lost money. If you do that, it shows that you can no longer keep up with the market, but some traders disagree with this rule and prefer to believe in a price averaging technology. 49. In a bear market, put aside the statistical reports: In a bear market, you must be able to ignore all the statistical figures and focus on the market trend. You must understand that the figures to be published reflect the past, not the future. The figures to be published in the future are the results of the present and the near future. 50. The market can only give you so much, so don't hold unrealistic expectations: Some operators always hope to make every penny in the market; trying to squeeze the last drop of profit in the market, the time and energy spent are not worth it; a fish is divided into three parts: the head, the body, and the tail, and the largest part is the body; the operator only needs to find a way to eat the fish meat, and leave the head and tail for others to eat. I hope it helps you. The rest will be updated in new articles. If you need it, you can check it on the homepage after following it.
OANDA:XAUUSDEducation
by Signalking
Foreign exchange trading skills worth collecting (Part 1) Charlie Munger once said that if you are allowed to punch a maximum of 20 holes in a piece of paper, each time you punch means you lose a trading opportunity, and after 20 times, your opportunities will be used up. At this time, will you cherish every opportunity? The same is true in foreign exchange trading. For each transaction, you must treat your account balance as the last bullet. This requires us to constantly reflect and sum up our experience so that every transaction can gain something, whether it is money or experience, we must accumulate something. The following are 72 trading tricks that I have carefully compiled for you. I hope it will help you on your trading journey! The content is too long, divided into 3 articles,introduction. Please pay attention to it. 72 foreign exchange trading tricks 1. Only use the money you can afford to lose: If you use your family's funds to engage in trading, you will not be able to calmly use your mental freedom to make sound buying and selling decisions. 2. Know yourself: You must have a calm and objective temperament, the ability to control emotions, and will not suffer from insomnia when holding a trading contract. Successful commodity traders seem to have always been able to remain calm during the transaction. 3. Do not invest more than 1/3 of the funds: The best way is to keep your trading funds three times the margin required to hold the contract. In order to follow this rule, it is okay to reduce the number of contracts when necessary. This rule can help you avoid using all the trading funds to decide on buying and selling. Sometimes you will be forced to close the position early, but you will avoid big losses. 4. Do not base trading judgment on hope: Do not hope too much for immediate progress, otherwise you will buy and sell based on hope. Successful people can be unaffected by emotions in buying and selling. When a novice hopes that the market will turn in his favor, he often violates the basic rules of buying and selling. 5. Take proper rest: Buying and selling every day will dull your judgment. Taking a break will give you a more detached view of the market; it will also help you look at yourself and the next goal from another state of mind, so that you have a better perspective to observe many market factors. 6. Do not close profitable contracts easily, and keep profits continuous: Selling profitable contracts may be one of the reasons for the failure of commodity investment. The slogan "As long as there is money to be made, there will be no bankruptcy" will not apply to commodity investment. Successful traders say that you can't close a position just for the sake of profit; you must have a reason to close a profitable contract. 7. Learn to love losses: If you can accept losses calmly and without hurting your vitality, then you are on the road to success in commodity investment. Before you become a good trader, you must get rid of your fear of loss. 8. Avoid entering and exiting at market prices: Successful traders believe that buying and selling at market prices is a manifestation of lack of self-discipline. Unless you use market prices to close a position, you should aim to avoid market orders as much as possible. 9. Buy and sell the most active contract months in the market: This makes trading easier. 10. Enter the market when there is a good chance of winning: You should look for opportunities with a small possibility of loss and a large possibility of profit. For example, when the price of a commodity is close to its most recent historical low, then the possibility of it rebounding upward may be greater than the possibility of it falling. 11. Pick up unexpected wealth: Sometimes you buy and sell a commodity and get a greater profit than expected in a short period of time. Rather than waiting a few days to see why profits come so quickly, it is better to take them and run! 12. Learn to short sell: Most new investors tend to buy up, that is, buy in markets that they think will rise, but because the market often falls faster than it rises, you can quickly make profits by selling at high prices and buying at low prices. Therefore, the counter-trend operation method is worth learning. 13. After making a decision, act decisively and quickly: The market is not kind to those who procrastinate. So one of the methods used by successful traders is to act quickly. This does not mean that you have to be impulsive, but when your judgment tells you that you should close your position, do it immediately without hesitation. 14. Choose a conservative, professional and conscientious salesperson: A good salesperson must be able to pour cold water on you in time to prevent you from overdoing it in this market; at the same time, he must also have professional knowledge to provide you with exceptions that may occur at any time in the market. 15. Successful operations are like slowly climbing up a slope, while failed operations are like rolling down a slope: the stories of getting rich in one day that are widely circulated in the market are just stories. Without a solid foundation, even if you get one day's wealth, you can't keep it. Therefore, successful operators must try to create a framework, cultivate good operating habits, and slowly establish a successful operating model. 16. Never violate good rules: What is a good rule? As long as you think it is a good rule that can help you make a profit or reduce losses in operation, it is a good rule, and you should not violate it. When you find that you have violated a rule, leave the market as soon as possible, otherwise you should at least reduce the volume of operations. 17. Putting it in your pocket is real: a wave of market conditions cannot rise continuously without rest, and you must learn to put the profits in your pocket to avoid the profits on the books turning into losses. 18. Try to use the market for hedging: when the overall economy weakens, market risks increase. In order to reduce risks and increase profits, hedge and sell hedging in the market in order to form a price insurance function. 19. Buy when there is a rumor that the price is going to rise, and sell when it really rises: If there is a rumor in the market that the price is going to rise, then you should buy based on this news, but when this news comes true, it is time to sell. For one sell, there may be multiple sell news, because the market tends to build news into the market price. 20. The bull market will be crushed by itself: This is an old trading rule in the trading market. It says that when the price of a bull market soars, it may be crushed to the limit by its own weight. So, when you are in a bull market, you should be particularly bearish on news. 21. Detect price trends: The price chart is one of the basic tools of successful traders. You can use it to see the main trend of prices. A common mistake made by commodity investors is to buy when the market is basically trending down, or sell when it is rising. 22. Pay attention to the breakout points in the trend chart: This is the only method used by some successful traders. They draw a curve chart of the trading price for several consecutive days. If the price trend breaks through the previous trend and remains for more than two or three days in a row, it is usually a good buy or sell prompt. 23. Pay attention to the 50% retracement point in the main trend: You may often hear that the market is running in a technical rebound. This means that after a big rise (or fall), the market will have a 50% reverse movement. 24. When choosing buying and selling points, use the half-cut rule: This means finding the range of commodity buying and selling, and then cutting the range in half, buying in the lower half, or selling in the upper half. This rule is particularly useful when the market follows the chart track. I hope it helps you. The rest will be updated in new articles. If you need it, you can check it on the homepage after following it.
OANDA:XAUUSDEducation
by Signalking
USDJPY tm:1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho