Gold Prices May Pull BackWhen the XAUUSD 4-hour chart is examined; It is observed that the price movements continue with the formation of an inverted cup formation on the trend line. As long as the Gold Ounce price cannot pass the 2667 level, it is evaluated that the price movements below the 2645 level can break the 2624 level and retreat to the 2580 level.
Forexsignals
Gold and luck to climbConsidering the news of the war and contractionary policies of the American government and the reduction of interest rates and the approach of the central and major banks of the world to buy and save gold, I expect gold to move up to the range of $2,800 in the first stage.
But in the short-term analysis, according to what you can see in the chart, we have an upward movement up to the specified range, and after that we will continue with the analysis update.
Thank you for paying attention and following me, if you have a specific symbol in mind, leave a comment for analysis.
Beaarish reversal off 50%% Fibonacci resistance?EUR/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 160.86
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 162.71
Why we like it:
There is a pullback resistance level.
Take profit: 158.65
Why we like it:
There is an overlap support level.
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Bullish bounce?NZD/CAD is falling towards the support level which is a pullback support that slightly below the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.85288
Why we like it:
There is a pullback support level which is slightly below the 38.2% Fibonacci retracement.
Stop loss: 0.84756
Why we like it:
There is a pullback support level.
Take profit: 0.86072
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish reversal off pullbacvk resistance?The Loonnie (USDD/CAD)is rising towards the pivot which acts as a pullback resistance and could reverse to the overlap support level.
Pivot: 1.3549
1st Support: 1.3491
1st Resistance: 1.3614
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Investors stay away from goldAs risk appetite increases, investors are shunning gold, which is often seen as a safe haven asset in times of uncertainty.
Earlier, Tim Waterer, market analyst at futures trading firm KCM Trade, said gold still has room to rise to $2,700 an ounce if this week's labor market data could prompt the Fed to cut interest rates by another 0.75 percentage points by year-end.
Meanwhile, Bart Melek, head of commodity strategy at TD Securities, said the Fed is on a loose monetary policy path after cutting interest rates by 50 basis points and signaling that rates could fall to 3% by 2026, which bodes well for gold.
Bearish reversal?USD/CHF is rising towards the pivot which has been identified as a pullback resistance and could fall to the 1st support level which acts as a pullback support.
Pivot: 0.8479
1st Support: 0.8405
1st Resistance: 0.8516
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAU drops to record low after Fed newsThe global XAU price has retreated from a recent record high on September 30, but is still set for its biggest quarterly gain in more than eight years on geopolitical tensions and a rate cut by the US Federal Reserve.
Investors are looking ahead to this week’s US jobs report and non-farm payrolls data due later this week.
Bullion’s gains on Monday were limited by some profit-taking and a boost in risk sentiment after Chinese stocks were poised for their best day in 16 years, analysts said.
XAUUSD / UNDER TENSTION OF THE MIDDLE EAST - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
After reaching an all-time high (ATH) of $2,686, the price began to decline by 1.60%. This dip is likely due to geopolitical tensions in the Middle East. However, given the instability in the region, the price is expected to rise again, potentially reaching a supply zone between $2,700 and $2,720.
As long as the price remains stable above the $2,637 and $2,614 levels, my target is to see it returning to $2,686. However, a break below $2,614 triggered a further decline, bringing the price down to $2,586 and potentially testing the next support at $2,559.
My Target : 2,586$.
Supply Zone : 2,700$ , 2,720$.
Demand Zone : 2,586$ , 2,559$.
Could price reverse from here?USD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 144.49
1st Support: 142.17
1st Resistance: 146.45
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDJPY / END OF SEPTEMBER AND INTO EARLY OCTOBER - 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
Current Trend:
Prices dropped by 2.55% yesterday, approaching a key support level at 142.231 , If prices break and stabilize below 142.231, further declines are expected , Currently, prices are trading slightly above 142.232, and stabilizing above this level suggests potential increases of 3.50% and 5.00% , The analysis anticipates a possible upward trend towards the end of September and into early October.
Technical Analysis:
Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 142.231, the bullish momentum is expected to continue.
Upward Condition:
- Target 1: If the price trades above 142.231, it's expected to rise to 147.179.
- Target 2: If the price stabilizes above 147.179, the next target is 149.345.
Downward Condition:
- If the price falls below 142.231 , it suggests a potential decline:
- Target 1: A decline to 139.713.
- Target 2: If it breaks below 139.713, further decline is expected to 137.306.
Gold Analysis October 1Fundamental Analysis
Wall Street traded mixed as Federal Reserve Chairman Jerome Powell delivered remarks at the 66th NABE Annual Meeting. Powell ruled out a 50 basis point (bps) interest rate cut at any of the central bank’s remaining policy meetings. Powell said there would be two more 25-bps cuts by 2024 if the economy performs as expected.
The greenback, as measured by the US Dollar Index (DXY), rose 0.15% to 100.56, a drag on the non-yielding metal. A light economic calendar in the US saw the Chicago PMI improve for a third straight month but remain in recessionary territory.
Geopolitical tensions remained high after Israel attacked Hezbollah headquarters in Lebanon, killing the group’s leader in the attack. While this warrants further gains for gold, bullion has failed to gain traction, analysts say.
Meanwhile, China’s economy remains sluggish, which has prompted a government response. The People’s Bank of China (PBoC) is implementing additional economic stimulus measures, which has stimulated money flows into the country’s soaring stock market.
Technical Analysis
A short-term bearish channel is in place, as long as gold remains below the 2643 zone, the downtrend is likely to continue and extend to the 2600 round harbor. Watch for price reaction zones for BUY signals in the 2626-2615-2604 zone. In case of a trend break, the uptrend is limited by the immediate resistance zone 2656.
Trading signals
BUY GOLD zone 2626-2624 Stoploss 2625
BUY GOLD zone 2615-2613 Stoploss 2609
BUY GOLD zone 2604-2602 Stoploss 2599
SELL GOLD zone 2656-2658 Stoploss 2671
SELL GOLD zone 2643-2645 Stoploss 2649
XAUUSD Analysis Trade Idea By OfficialKieranTrewickWhilst actually validating my earlier trade idea this 4hr depiction does show a clear sign that the bull trend remains intact despite the current exhaustion. Going forward i will like to see if this momentum is enough to break the market structure and fallinto the lower lateral of the trend which would be signs of a greater correction perhaps even trend shift due to the volume of current support confirmations in this general zone area.
currently sitting on dynamic support, horizontal support, EMA Support, BB Support and full quarter completion marking this as a key area of interest for upcoming cycle phases of movement, with the correct inverse in volume and pivot confirmations we could see price ascend back into the upper 2600s however if the momentum is strong enough to break the current levels into 2500s-2613 then i see a likely continuation of the bears.
What do you think of this idea ? Where could gold go to next?
XAU/USD : First Long, Then SHORT ! (READ THE CAPTION)By analyzing the gold chart on the 15-minute timeframe, we can see that the price is currently trading around the $2665 level. I expect the price to continue its upward movement, maintaining the support at $2658 and targeting the liquidity above $2669 and $2671. We have two key supply zones: the first one is between $2671 and $2674, and the second, more significant zone, is between $2681 and $2685. The second level holds higher significance. Keep an eye on the price reaction to these two levels, and you can expect an average return ranging from 30 to 270 pips.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we wanted to short from the 2630-35 region into the lower levels, which worked but we only managed to get 2613 when we wanted 2610. Ideally, we wanted lower to then access the price action and look for the long, however, that long came early and we managed to capture the move both down and then up completing our bias target levels plus the extra pip capture into the highs to end the week.
A great week not only on gold but we completed 32 targets giving our traders a phenomenal pip capture across the markets. Nice, easy, clean trading!
So, what can we expect in the week ahead?
We've had some more geopolitical news over the weekend so there is a chance that we will see some opening gaps on the markets. We also have NFP this week, so towards the end of the week can expect the usual pre-event price action and ranging to form.
Now, due to us expecting these potential gaps, best practice is to let Monday early session do what it needs to do, instead plot the levels and look for the RIPs to capture the scalps, ideally on the red boxes.
We have the immediate levels above at 2665/7 resistance, which is a crucial level price needs to reject to continue the move downside! For that reason, we are giving a bias level of bearish below 2670 provisionally with an extension of the move into 2675 which is the flip. If we attack these levels, and get the reaction we need, we feel these levels will represent opportunities to short into the lower levels 2650-55 and below that 2630-35.
If broken above, we get that flip and we’ll be looking to target that 2701 level and above that we have 2707, which is where we may get further opportunities to attempt the short again.
Important: There is an extension of this downside move, and it’s below our bias level bullish above 2630-35. Oddly enough, we also have an Excalibur target sitting down there active! We will want to see how the market opens and what they do in the early session before we make up our minds on that move. NFP could through a spanner in the works for traders!
For now, we’ll stick with the above and as usual we’ll update traders through the week.
Look out for KOG’s bias of the day, KOG’s red boxes and the indicator levels which are published for the wider community.
KOG’s Bias for the week:
Bearish below 2670 with targets below 2650 and below that 2635
Bullish on break of 2675 with target above 2685 and above that 2701
RED BOXES:
2665 break above for 2672 / 2685 / 2701 / 2707
2650 break below for 2635 / 2624 / 2620
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
EURAUD Sell signalThe EURAUD pair gave us an excellent but signal last time (July 15, see chart below) as the price rallied straight after it, easily hitting our 1.64500 Target:
The pair is already on the new Bearish Leg of the 1-year Channel Down and until the 1D RSI starts forming Higher Lows and waves a Bullish Divergence (like the two previous bottoms), we will remain bearish, targeting 1.59500 (bottom).
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