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Gold prices decreased for two consecutive sessionsGold prices continued to decline on Thursday, although remaining around the old peak of $2,450. Currently, XAU/USD is trading around 2,444 USD, down more than 1.5% from its peak of 2,483 USD due to the greenback's recovery, supported by rising US government bond yields. Jobs data released by the US Bureau of Labor Statistics (BLS) showed that more people than expected applied for unemployment benefits, signaling a slowing economy. This, along with last week's string of data showing inflation moving toward the 2% target, could prompt a change in stance from Fed policymakers. The number of Americans filing new unemployment claims increased more than expected last week, but according to data released by the Labor Department on Thursday, the labor market did not change significantly. Finally, Fed officials have expressed that the central bank may be "getting closer" to lowering interest rates as inflation and recession risks have become more balanced. Still, the International Monetary Fund (IMF) said on Thursday that the Fed should not rush to cut interest rates until the end of 2024.
TVC:GOLD
by TrategySherpa
reinforce market sentiment when gold rises too highInterest rate expectations: Investors expect the FOMC will start cutting interest rates from September onwards. Geopolitical instability: Ongoing conflicts in Ukraine and the Middle East continue to destabilize markets, causing investors to seek haven assets such as gold. Central banks diversify reserves: Central banks are proactively increasing the amount of gold in their reserves, reducing dependence on the USD. Although China recently paused gold purchases, a World Gold Council (WGC) report shows that 20 other central banks still plan to increase their gold holdings. Rising demand: Demand for gold from people in India and China shows no signs of slowing down. India's gold reserves are at their highest level in two years, and a real estate market downturn in China is driving up gold demand.
TVC:GOLD
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
Investors wait for the consumer price index in JuneThe market is expecting the first interest rate cut to take place in September. In general, the market believes that Powell's statements do not contain any new hawkish information. Maybe Mr. Powell will not offer any surprises in his comments. Meanwhile, US Treasury Secretary Janet Yellen on Tuesday (July 9) echoed Mr. Powell's comments by saying that the US labor market is no longer driving inflation in the country. Traders and investors are now awaiting the June US consumer price index and producer price index reports released this week. Elsewhere, in the Middle East, Hezbollah leader Sayyed Hassan Nasrallah said that if Hamas reaches a ceasefire agreement in Gaza with Israel, Hezbollah will stop its activities without separate negotiations. Previously, the group began shooting at Israeli targets on the border in support of the Palestinians after their ally Hamas launched an attack on Israel on October 7, leading to the war in Gaza.
TVC:GOLDShort
by NicoTradingMaster
The world XAU continues to increaseWorld gold prices today (July 11) continued to increase after the US Federal Reserve Chairman Jerome Powell's report on the health of the US economy. In reporting the nation's economic health to the House panel, Fed Chairman Jerome Powell said the US job market had "cooled significantly". This further increases speculation that the Fed will cut interest rates later this year. The market is expecting the first interest rate cut to take place in September. In general, the market believes that Powell's statements do not contain any new hawkish information. Maybe Mr. Powell will not offer any surprises in his comments.
OANDA:XAUUSDShort
by NicoTradingMaster
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
Trading strategy when gold increasesThe awareness now turns to nonfarm payrolls launched on Friday (US time), so one can be critical in assessing whether or not americaA hard work marketplace stays resilient amid multi-12 months excessive hobby rates. decade or not. Gold expenses are down 5% from a report excessive of $2,449.89 an oz reached on May 20, a rally pushed with the aid of using safe-haven call for fueled with the aid of using geopolitical and monetary uncertainty. financial system in addition to the continuing shopping sports of principal banks, an critical call for group. Gold expenses fell barely nowadays as Treasury yields remained unchanged, at the same time as buyers digested remarks from US Federal Reserve Chairman Jerome Powell and awaited US jobs data. The US can be introduced later this week for similarly alerts on US hobby charge cuts.
TVC:GOLDShort
by TrategySherpa
XAU suddenly increased sharply todayWorld gold spot price stands around 2,321.6 USD/ounce World gold prices suddenly increased sharply after being "hurt" by a statement from a US Federal Reserve (Fed) leader that caused the USD to increase in price, taking away XAU's significant strength. The Fed keeping interest rates unchanged for a longer period of time may be enough to control inflation, and the Fed may even raise interest rates further if inflation continues to rise. Currently, investors are paying attention to the US May inflation report published later this month. They expect that after the report, the direction of gold will be clearer.
OANDA:XAUUSD
by TrategySherpa
Short gold, target 2303 The market is changing rapidly. Gold bulls are just a flash in the pan. Rebounds are a better opportunity to short. The gold short trend has not changed. We continue to wait for the bears to exert their strength. Will gold hit a new low today? Let's wait and see. At present, the short-term rebound has not reached 2320, so short below 2320. Target 2303-2300 Daily free strategies have been updated. If you agree with my suggestions, please pay attention
OANDA:XAUUSDShort
by Signalking
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
eurusd buying levels here is good opportunity read the caption The EURUSD has moved back to a new session low and in the process is testing the 200-hour MA at 1.0687. That MA stalled the fall on Friday (at a lower level). Moving below the 200 hour MA is now needed to increase the bearish bias, and have traders targeting the trend line and the low of a swing area down to 1.06529. If the buyers stall the fall here (and trader could buy here given the low risk), getting back above the 100-hour MA at 1.0711 would be eyed as a level to get to and through
Long
by Mrsam36
GOLD BUY RANGE 2450 & 2500 READ (THE CAPTION)Gold fell by 2.2% last week amid cooling Middle East tensions and fading expectations for early U.S. interest rate cuts this year. Investors are now only confident about a single cut this year, most likely in November, according to the CME’s FedWatch tool. “Gold bulls bought into last week’s weakness, protecting an elevated long established at much lower levels,” said Ole Hansen, head of commodity strategy at Saxo Bank. Before last week’s fall, five previous weeks of growth saw gold hitting a record high of $2,431.29 on April 12, due to strong purchases by central banks and demand from Chinese retail investors
OANDA:XAUUSDLong
by Mrsam36
Usdjpy dipping here show range read the caption The USD/JPY pair witnessed a dramatic intraday turnaround and tumbled over 570 pips from levels beyond the 160.00 mark, or the highest since October 1986 touched earlier this Monday. Although an official announcement has been made so far, the possibility of an intervention by Japanese authorities to support the domestic currency was cited as a key factor behind the sharp downfall. In fact, Japan’s top currency diplomat Masato Kanda refrained from making any comments
Short
by Mrsam36
Usdchf confirm buy & enter exit levels read the caption In the bigger picture, price actions from 0.8332 medium term bottom as tentatively seen as developing into a corrective pattern to the down trend from 1.0146 (2022 high). Further rise would be seen as long as 0.8884 resistance turned support holds. But upside should be limited by 0.9243 resistance, at least on first attempt. However, decisive break of 0.9242 will argue that the trend has already reversed and turn medium term outlook bullish
Long
by Mrsam36
Eurusd confirm buy position ready read the caption Echoing this sentiment, the ECB's Cipollone observed a rapid decline in inflation, expressing expectations for a return to the 2% path next year and attainment of the target by mid-2025. Should data in June and July confirm growing confidence in achieving the target, consideration would be given to easing some of the restrictive measures imposed in 2023. Additionally, the impact of the Middle East conflict on energy costs remains a significant risk factor. Around the Fed, at an event hosted at The Wilson Center in Washington on Tuesday, Chair Powell stated that recent data have not instilled increased confidence in them
Long
by Mrsam36
1
Usdchf selling range and drop level read the caption In the bigger picture, price actions from 0.8332 medium term bottom as tentatively seen as developing into a corrective pattern to the down trend from 1.0146 (2022 high). Further rise would be seen as long as 0.8727 support holds. But upside should be limited by 0.9241 resistance, at least on first attempt. However, decisive break of 0.9242 will argue that the trend has already reversed and turn medium term outlook bullish
Short
by Mrsam36
2