Xauusd buy the gold is continue flying XAUUSD BUY opportunity strong bullish There are several other reasons that could explain why gold has done so well this year Here are some possible explanations for its ascent
Forextrader
Xauusd continue flying buying planes of buy bullish Xauusd Higher bond yields weigh on Gold as they increase the opportunity cost of investing in it However Gold has performed strongly in the past few weeks despite rising bond yields amid geopolitical tensions in the Middle East region As a safe-haven asset Gold demand from investors and central banks increases at times of global economic uncertainty and worsening geopolitical tensions
Crude oil will hit hard on bottom war effect read the caption The drop earlier today came despite continuous geopolitical tensions and the potential for an Israeli
response to the Iranian attack this weekend.
There were reports from WSJ and Axios indicated that Israel may consider an attack that showcased the depth of their offensive capabilities. Over the weekend defensive capabilities were showcased
XAUUSD break range above the high level read the caption The fact we saw an intraday break above $2400 quickly reverse suggests traders are keen to book profits, which in turn suggests we may be about to experience some sort of shakeout at these highs.”
Gold price (XAU/USD) oscillates in a narrow trading band heading into the European session on Tuesday and remains well within the striking distance of the all-time peak touched last week. The US Dollar (USD) climbs to its highest level since early November inflation. The hawkish outlook remains supportive of elevated US Treasury bond yields and keeps a lid on any meaningful appreciating move for the non-yielding yellow metal.
Usdchf interday range dipping zone read the caption In the bigger picture, price actions from 0.8342 medium term bottom as tentatively seen as developing into a corrective pattern to the down trend from 1.0145 (2022 high). Further rise would be seen as long as 0.8727 support holds. But upside should be limited by 0.9242 resistance, at least on first attempt. However, decisive break of 0.9233 will argue that the trend has already reversed and turn medium term outlook bullish.
Audusd buy setup and buy idea read the caption High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose
GBPJPY is following this sweet setup sell and buy see this GBPJPY level for confluence The sellers on the other hand will want to see the price breaking lower to position for a drop into the lower bound of the channel eventually targeting a break below it
Usdcad drop range dipping only read the caption The Loonie asset would observe a fresh upside if it breaks above April 12 high at 1.3786. This will drive the asset towards November 4 high at 1.3843 followed by November high at 1.3901
On the contrary, a downside move below April 9 low at 1.3546 would expose the asset to the psychological support of 1.3500. A breakdown below the latter would extend downside towards February 22 low at 1.3442
BTC during war up war finish BTC down read the caption Bitcoin bids have accelerated in the past hour as it nearly erases the week-end drop that was prompted by Iran's strikes on Israel.
The catalyst for the latest leg of buying is the Hong Kong approval of spot BTC and ETH applications for ETFs. It's not yet clear when they will launch but there are a handful of applications.
Bitcoin remains about 1.2% below pre-attack levels but ethereum is now higher. Both moves were rumored last week so they're not entirely surprising but for ETH it's particularly bullish given that a US ETF approval is now looking unlikely
AUD/CAD Short, AUD/NZD Short, NZD/CHF Short and NZD/USD ShortAUD/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/NZD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/CHF Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Gbpusd confirm buy because of war read the caption GBP/USD’s fall from 1.2892 resumed accelerated to as low as 1.2425 last week. Initial bias stays on the downside this week for 100% projection of 1.2892to 1.2538 from 1.2708 at 1.2353 Firm break there will target 161.8% projection at 1.2203 next. On the upside, above 1.2511 minor resistance will turn bias neutral and bring consolidations first, before staging another decline
Nzdusd head to go up during war read the caption reflects the ongoing dominance of sellers, declining towards the 0.5935 mark. While signs of bearish control are evident, there is a clue of bullish resilience, hinting at a neutral to bearish
The daily Relative Strength Index (RSI) maintains a consistent presence in the negative territory below 50, with the latest value at 38 which indicates that sellers are in command. That being said, green bars take shape on the Moving Average Convergence Divergence (MACD) histogram, indicating a slowing of the bearish momentum
Audusd confirm buy analys read the caption and sold off all the way back to the key support zone around the 0.65 handle. Today the price broke down and the sellers are now targeting the 0.6442 low. That’s where we will likely find the buyers stepping in with a defined risk below the level to position for a rally back into the 0.6623 resistance
XAUUSD/Gold | Weekly | OutlookTechnical Overview
Taking a detailed outlook at Gold/XAUUSD on a long/medium term overview using our monthly & weekly charts respectively it would seem as though Gold is currently forming a AB = CD formation and if that is the case we can expect Gold to continue to push further up well into our $2500 Psychological level/area where we can expect a Possible correction to the downside from there.
Fundamental Overview
After looking at it from a technical point of view we can now look at the contributing factors to this aggressive bullish momentum, we know that Gold is considered as a safe haven for investors and given all the major events happening around the world we know that quite a number of countries including the US have their national elections this year which tend to cause instability and increased volatility in the markets, also factored with other factors like high interest rates, inflation, etc. All these factors then lead investors to look for ways to “safely” protect their capital as they ride out the potential/expected turbulence until things stabilise once again.
Gbpusd selling level read the caption On the 1 hour chart, we can see that we have a possible resistance zone around the 1.2571 level where we can also find the confluence with the red 21 moving average. This is where we can expect the sellers to step in with a defined risk above the level to position for a breakout below the 1.25 support. The buyers, on the other hand, will want to see the price breaking higher to start targeting the trendline around the 1.2620 level
Usdchf bearish trend yet done read the caption Intraday bias in USD/CHF remains on the upside for the moment. Current rise is part of the whole rally from 0.8331 Next target is 161.8% projection of 0.8550 to 0.8884 from 0.8722 at 0.8818. For now, near term outlook will stay bullish as long as 0.8995 support holds, in case of retreat.
USD/JPY Short and AUD/NZD ShortUSD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Gbpjpy falling level read the caption On the 1 hour chart, we can see more closely the recent price action with the pair bouncing on the most recent swing high level at 192.21. If we get a pullback from the current high, that’s where the buyers should pile in with a defined risk below the 192.10 level to position for a rally into new highs. The sellers, on the other hand, will want to see the price breaking lower to position for a drop into the trendline around the 191.51 level
Nzdusd head to go up more than expected read the caption High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading
USD/JPY Short and CAD/CHF ShortUSD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
CAD/CHF Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Usdjpy pattern clear bullish read the caption On the 4 hour chart, we can see that the price has been ranging between the 151.00 support and the 151.92 resistance as the risk of an intervention put a lid on further gains. The price recently rallied back into the resistance and it’s now pressing on it threatening a breakout. Even if we get a breakout, it would be better to wait for the US CPI report tomorrow
USD/JPY Short, AUD/NZD Short and GBP/CAD ShortUSD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• 1H impulse down below AOI.
• If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/CAD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Gold wants to above 2350 read the caption Gold is ending the week in unchartered territory as traders look to hedge against a further escalation of tensions between Israel and Iran. Earlier this week at least eleven Iranian people were killed, including a senior commander of the Islamic Revolutionary Guard Corps, with Iran now vowing to take retaliatory action against Israel. According to newspaper reports, Israel is preparing itself for imminent missile attacks from Iran,
