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AUDNZD: Bullish Leg continuation?From a technical point of view, the FX:AUDUSD pair is very interesting and attractive, especially on a lower time frame. If we look at 1H chart we see that the pair completed 12345 bearish impulse structure (or part of corrective structure) and subsequently triggered reaction from wave 5. From our point of view, it should be correct to try to take a long position on pullback with Target 1 around to 1,078. Trade with care Like | Share | Comment
Long
by TheAnonymousBanker
2
⚠️GBPUSD will Fall by Double Top Pattern⚠️🏃‍♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel . 💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴. 💡Also, these two Bull Traps formed a Double Top Pattern . 🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is completed. British Pound/ U.S.Dollar Analyze ( GBPUSD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1
🔥 XAUUSD : Bears are Coming ? (Read The Caption)By checking the chart in the daily time frame, we can see that the price after entering the demand range of $1966 to $1985 was accompanied by a positive reaction and was able to grow up to $1945! According to the latest daily candlestick, as you can see, after entering the specified FVG, gold was accompanied by selling pressure and was able to close at the price of $2019! If the price stabilizes below this level, we can expect a further fall from gold, whose first bearish targets will be $2008 and $1997, respectively! Please share your opinion about the possible trend of this chart with me and support us with your likes and comments. Best Regards , Arman Shaban
FOREXCOM:XAUUSDShort
by ArmanShabanTrading
15
US Dollar Drops Amidst Fed Rate Pivot and Inflation DeclineIn recent weeks, we have witnessed a significant drop in the value of the US dollar, primarily driven by the Federal Reserve's unexpected pivot towards lower interest rates and the simultaneous decline in inflation levels. This alarming trend has raised concerns among market participants and calls for a proactive response. The Federal Reserve's decision to lower interest rates indicates their growing concerns about the state of the US economy. While this move aims to stimulate economic growth, it inadvertently weakens the US dollar's position in the global market. As traders, it is crucial to stay informed and adapt our strategies accordingly to protect our portfolios and seize potential opportunities. Given the current scenario, I strongly urge you to consider shorting the US dollar. By taking a short position, you can potentially profit from the dollar's decline against other major currencies. However, it is crucial to exercise caution and conduct thorough research before implementing any trading strategy. Market dynamics can be unpredictable, and it is wise to consult with your financial advisor or analyst to ensure your decisions align with your risk appetite and investment objectives. Here are a few key factors to keep in mind while navigating this situation: 1. Stay updated: Continuously monitor news and economic indicators that impact the US dollar's value, such as Federal Reserve announcements, inflation reports, and global economic trends. This will help you make well-informed trading decisions. 2. Diversify your portfolio: Consider allocating a portion of your portfolio to currencies that are likely to strengthen against the US dollar. Diversification can help mitigate risks and optimize potential returns. 3. Risk management: As with any trading strategy, it is essential to implement appropriate risk management measures. Set stop-loss orders and determine your risk tolerance to protect your capital and minimize potential losses. 4. Seek professional advice: Engage with experienced financial advisors or analysts who can provide expert insights and guidance tailored to your specific needs and goals. Please note that the information provided here is for educational purposes only and should not be considered as financial advice. The decision to short the US dollar should be based on your individual analysis and risk assessment. In conclusion, the recent drop in the US dollar's value, combined with the Federal Reserve's shift towards lower interest rates and declining inflation, demands our utmost attention. By staying informed, diversifying our portfolios, managing risks effectively, and seeking professional advice, we can navigate these uncertain times with confidence. Remember, the key to success in trading lies in adaptability and seizing opportunities when they arise. Let us remain vigilant and proactive in our approach to safeguard our investments and capitalize on potential gains.
TVC:DXYLong
by bryandowningqln
Gold continues to run slowly to wait for new breakthrough newsWorld gold prices inched up slightly as traders are waiting for important reports to know more signals about interest rates in the near future. World gold prices increased slightly this morning with spot gold increasing by 4.7 USD to 2,062.7 USD/ounce. Gold futures last traded at 2,040.7 USD/ounce, up 5.5 USD compared to yesterday morning. World gold fluctuated slightly in the first trading session of the week as investors waited for important US inflation data to be released at the end of the week to look for more signals about the Federal Reserve's interest rate direction. America after recent peaceful statements. According to Jim Wyckoff, senior analyst at Kitco Metals, the market is in pause mode waiting for the next important fundamental economic news or data. He said that the buying activity of traders in the first trading session of the week was the psychology of buying when prices fall. Wyckoff added that the fundamental factors keeping gold prices are a weakening dollar, looser monetary policy and some safe-haven demand from tensions in the Middle East.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold prices are set for weekly gains thanks to Fed rate cut betsGold prices eased slightly for Friday but remained on a weekly uptrend as the outlook for the U.S. Federal Reserve's fall in borrowing costs weighed on the dollar and Treasury bond gains, providing demand. for safe hidden assets. Spot gold XAU= was down 0.1% at $2,033.29 an ounce, as of 01:13 GMT. However, Li gold has increased by 1.5% this week. US GCcv1 gold futures rose 0.1% to $2,047.60. Gold prices eased slightly for Friday but remained on a weekly uptrend as the outlook for the U.S. Federal Reserve's fall in borrowing costs weighed on the dollar and Treasury bond gains, providing demand. for safe hidden assets. The Fed left interest rates unchanged on Wednesday and Chairman Jerome Powell said the historic tightening of monetary policy would likely end after talk of cutting borrowing costs “is under review.” ".
TVC:GOLDShort
by NicoTradingMaster
🔥EURUSD BEARISH ANALYSIS 💥💥Hello traders what do you think about euousd)? traders euousd breakout trade line support levels Rsl retet To lower high Rsl now waiting for retest same Rsl? Now see I will down 👇 support levels ✅ Key levels 1.07948 Key levels 1.06500 Key levels 1.05500 💵 steady, euro soft as traders wager rate cuts to begin in Q1 Dec 6, 202314:19 GMT+5 The dollar held near a two-week high on Wednesday, while the euro was weak across the board as markets ramped up bets that the European Central Bank will cut interest rates as early as March. The euro EURUSD was down 0.1% against the dollar at $1.0783, after touching a three-week low of $1.0775, as markets adjust rate expectations lower following soft data and dovish central commentary. The single currency was also at a three-month low against the pound EURGBP , a five-week low versus the yen EURJPY and a 6-1/2 week low against the Swiss franc EURCHF . "The story in currency markets is mostly about a softer euro," said Niels Christensen, chief analyst at Nordea. "Yesterday's comments from ECB's Schnabel supported the market view of early rate cuts." Influential policy-maker Isabel Schnabel on Tuesday told Reuters that further interest rate hikes could be taken off the table given a "remarkable" fall in inflation. Markets are now placing around an 85% chance that the ECB cuts interest rates at the March meeting, with almost 150 basis points worth of cuts priced by the end of next year.
Short
by SMC-Trading-Point
XAUUSD - Trading strategy today December 15, 2023Also last night - early this morning, the US economy announced more positive economic and employment data. Specifically, the number of first-time applications for unemployment benefits last week was at 202,000 applications, lower than the forecast 220,000 applications and lower than the previous week's level of 221,000 applications. Along with that, annual retail sales in November increased sharply by 4.09% over the same period, much higher than October's level of 2.24%. Monthly sales in November in the US also increased by 0.3%, higher than the negative increase of 0.2% in October and the negative 0.1% previously forecast. Despite positive economic and employment data, the USD continued to decline for the second consecutive session. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies - dropped sharply by 0.88% to 101,960 points at 6:34 a.m. this morning (Hanoi time). The plummeting USD has helped investors continue to buy gold. They believe that central banks, including the Fed and ECB, will not further increase operating interest rates for two strong currencies, USD and EUR, and may soon reduce interest rates in the next two quarters. This has made investors expect that the gold market will continue to grow well. Experts say that despite the low USD, the cost of speculation and gold transactions has dropped sharply. However, investors should also consider, because a positive economy and the possibility of reduced interest rates will promote better economic growth, gold will reduce its role as a cash flow shelter. Currently, the large SPDR fund, after a net buying session on December 13, returned to take a slight profit on the December 14 session. Large cash flows taking profits from precious metals will push gold prices down deeply. Therefore, investors should take profits when gold has given profits.
OANDA:XAUUSD
by FalCol_TradingMaster