Get started

Forextrader

Gold wants to hit resistance read the caption Gold’s negative correlation with the USD seems to be in full swing over the past week, as gold’s price practically retreat until Friday, while as the current week started gold’s price seems to have regained its confidence to climb higher. On the flip side USD bulls dominated the greenback’s direction over the past week, while they took a break as the week begun allowing for gold’s price to rise. Overall we see the case for the negative correlation
OANDA:XAUUSDLong
by Mrsam36
Gold nonstop buy get out from sell read the caption However, the resurgence of the geopolitical factor, precisely from the Russia-Ukraine war, seems to be mostly behind the wake-up call in the metal, particularly after Biden’s administration “authorised” Ukraine to use US-made weapons to strike Russian territory. Moving forward, it should be a week dominated by data releases surrounding the real economy worldwide, where the publication of preliminary PMIs is expected to take centre stage. In addition, opinions from central bank officials are also seen keeping investors
OANDA:XAUUSDLong
by Mrsam36
Gold buy momentum here is opportunity read the caption From the long-term Elliott wave perspective, price appears to be correcting the bullish cycle that started in October 2023 when Gold was exchanged for 1810. After completing wave (IV) of the supercycle degree in September 2022, Gold rallied to complete waves I and II of (V) in May 2023 and October 2023 respectively. Thus wave III of (V) started in October 2023 at 1810. However, it appears wave III has not finished yet. The current pullback is expected to either be in wave ((4)) of III already or wave (4) of ((3)) of III. The most important task now is to note what
OANDA:XAUUSDLong
by Mrsam36
Gold will bounce back to hit top level read the caption (CPI) rose by 0.2% in October. Over the past year, it increased by 2.6%. On the other hand, the core CPI increased by 0.3% monthly and 3.3% annually. This data strengthened market expectations of the US Federal Reserve's potential third interest rate cut in December. According to CME Group’s FedWatch Tool, the likelihood of a 25-basis-point rate cut at the next FOMC meeting surged to over 80%. This is up from less than 60% just a day
OANDA:XAUUSDLong
by Mrsam36
2
NZD/CHF Long, EUR/AUD Short and EUR/NZD ShortNZD/CHF Long Minimum entry requirements: • 1H impulse up above area of inflection. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/AUD Short Minimum entry requirements: • 1H impulse down below area of interest. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
Gold long will too long read the caption Good Day... And a Tom Terrific Tuesday to you! Well, a PT guy came to the house yesterday, sent by my doctors, to get me strong again... I told the PT that my youngest son was a PT, and he about turned around and left, but then I told him that my son hadn't checked with me, so he was more than welcome to begin... I passed all the tests! I even blew the guy away with my balance! And That, was the highlight of my day! I did sit outside and read again, marking two days in a row of me getting outside... It's the little things that I work toward these days.... Uriah Heap greets me this morning with their 70's anthem song: July Morning... This is the song that I quote the lyrics to the first Pfennig of July
OANDA:XAUUSDLong
by Mrsam36
Gold swing bull and bear read the caption price reached a fresh all-time high on Thursday, trading as high as $2,969.63 a troy ounce during American trading hours. Gold buyers gained confidence early in Asia as the poor performance of local shares fueled demand for safety. Demand for the bright metal was also backed by concerns about the United States (US) future government. Three weeks ahead of the election, polls show a tight vote intention between the two candidates, generating uncertainty
OANDA:XAUUSD
by Mrsam36
Gold swing bull and bear read the caption price reached a fresh all-time high on Thursday, trading as high as $2,969.63 a troy ounce during American trading hours. Gold buyers gained confidence early in Asia as the poor performance of local shares fueled demand for safety. Demand for the bright metal was also backed by concerns about the United States (US) future government. Three weeks ahead of the election, polls show a tight vote intention between the two candidates, generating uncertainty
OANDA:XAUUSD
by Mrsam36