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XAUUSD NFP ANALYSIS AND TRADE LEVEL 7-6-24 (2)XAUUSD NFP DAY ANALYSIS 7-6-24: Spot Gold Prices and Market Movements Current Trends: Spot gold prices have surged to $2,387, indicating hawkish market movements. However, with the opening of the UK session, a retracement to a low of $2,340.92 has already been observed. Upcoming Data: Looking ahead, the release of the Non-Farm Payroll (NFP) data on June 7, 2024, is highly anticipated. Gold trading is expected to be cautious, with high trade volumes and significant numbers. Market Closures: On Monday, the markets in China and Australia, which have a substantial influence on gold prices, will be closed due to holidays. Influencing Factors US Dollar and Treasury Yields: Several factors, such as hawkish Federal Reserve expectations, have revived the demand for the US Dollar across the market. Treasury bond yields have rallied to multi-week highs. GDP Data and Jobless Claims: Thursday’s revision of GDP data from 1.3% to an estimated 1.6% suggests that jobless claims might increase, which could put pressure on the Dollar. This could affect gold values, potentially pushing them back to the $2,380-$2,400 range. Heading towards NFP show as of writing XAUUSD SPOT GOLD Prices are crashing to $2338.45 cmp now and as mentioned in our last NFP the factors influencing gold on NFP day This helped gold price attempt a modest comeback, having incurred steep losses on Wednesday. A surprise uptick in the Core figure will reinforce delayed and less aggressive Fed rate cut expectations, providing extra legs to the US Dollar decline while smashing gold price. Fundamental Which Might Affect XAUUSD:7-6-24 NFP Scenarios Friday: • 150,000 or Less: Could trigger USD selloff, boosting gold. • 200,000 to 250,000: May keep focus on inflation without major USD impact. • 250,000 or More: Could lead to Fed rate cut, driving USD rally and gold drop • Crucial jobs report for May. April’s NFP increase led to USD selling pressure. Upcoming Influences: The future of gold prices hinges on the forthcoming US Core PCE inflation data, due later in the American trading session on Friday. The Core PCE Price Index is anticipated to rise by 2.8% year-over-year in April, maintaining the same pace as observed in March. If the Core PCE price index exceeds expectations, it could delay anticipated aggressive Federal Reserve rate cuts. This situation tends to strengthen the US dollar while exerting downward pressure on gold prices. Conversely, if the Core PCE price index shows unexpected softness, it may increase the likelihood of a Federal Reserve rate cut in September, potentially driving a further increase in gold prices. Depending on forthcoming economic indicators, US inflation data might propel XAUUSD into the $2288-$2250 Range or $2400-$2450 range Technical Level and Analysis: Buy at:$2323.69-$2306.23-$2286.23-$2261.91 Sell at :$2388.31-$2400.67-$2425.41-$2447.34 ⚠️Warning: Do not risk more than 5% of your capital, you might lose your money 🔴Technical Status: XAUUSD: 📌 D1 SMA100-P (2260.90) Buy 🔺 H4 SMA100-P (2368.74) Sell 🔻 H1 SMA100-P (2347.88) Sell🔻 H4 SMA200-P(2351.01) Buy🔺 RSI(14): Status: Oversold STOCHRSI(14): Status: Oversold ROC: Status: Buy William%R: Status: Buy ATR(14): Status: Buy SOC: Status: Neutral ⚠️Ongoing Geo-political Tensions: ‼️ Israel – Iran Russia - Ukraine US-China Relations Middle East Instability Taiwan-China Relations
OANDA:XAUUSD
by sagaahhelite
FTSE on a 1-month correction. Is it over?Great display of compliance to technical dynamics by FTSE 100 (UK100) on our previous analysis (April 29, see chart below) as after hitting our 8350 Target it got rejected exactly at the top (Higher Highs trend-line) of the long-term +2 year Channel Up: The corrective pattern broke yesterday below the 1D MA50 (blue trend-line) for the first time since April 19, which technically opens the way for a test of the next Support level, the Higher Lows Zone. As you can see, this Zone has been providing Support (and the most optimal buy entry) since the January 17 Low. As a result, as long as the 1D MA100 (green trend-line) is holding, we will buy the next Higher Lows contact and target 8350 (Lower Highs projection similar to February 07 2024 and October 17 2023). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:UK100Long
by TradingShot
FTSE 100 - index prepares for bumper run to 10kThis is a macro outlook into late 2024. On the above 3-month chart price action has been trading under resistance since 1999. A significant development has now occurred. That resistance after 22 years has confirmed as support. Isn’t there a recession coming? Since the UK imposed economic sanctions on itself in 2016 (A world first believe?) there is a growing realisation that extended dependancy on external resources will mean accepting higher and higher costs for everyday goods and services. Much like the US, the UK is about to enter a period of internal investment as it seeks to rediscover why protectionism does not work. You would think with so many history graduates in parliament.. The Macro outlook for the FTSE 100 is fascinating. Many many stocks are oversold in the FTSE 100. Not all. But a great many are with little to no ideas published on them. Identifying this trend a couple of years ago, the ideas on Rolls Royce and Centrica were published (attached below), now up 100 and 200%, respectively. However you will notice such performance does not apply equally across the index. My belief or rather hours of study informs us selecting the correct stocks will outperform over the next 2 to 3 years. Already have begun to identify them. The TA.. On the chart we have: 1) Macro higher lows forming an ascending triangle. 2) Price action printed the first macro higher high in October 2017. 3) Inverse head & shoulders pattern with confirmation and 10k target. 4) The 3-month hammer candle. 10 days until it closes. IF it closes as is, it will be the shot that starts the race. Is it possible the index corrects and crashes as everyone suggests? Sure. Is it probable? No. Ww Type: Investment Risk: 30-40% exposure, you don’t want to sit this one out. Timeframe: Long between now and end of year. Return: 30%
FTSE:UKXLong
by without_worries
Roaring 20's #FTSE100 to meaningfully outperform UK HOUSINGA BOLD prediction --- possibly to some people But I stand by this chart as a roadmap where I see #UK equities outperforming against the cash cow that has been UK #Housing The how's and what's and why's are unimportant But the key thing is for younger people struggling to get into UK housing Investing in #Stocks #Technology Innovation #AI and #crypto will reap HUGE dividends these next few years I have talked about the roaring 20's echo mania bubble before but as we see stocks indicies around the world breaking it only confirms my thesis!
TVC:UKXLong
by BallaJi
FTSE 100 Can 2.5X versus the GBP In Dollar terms. We have analysed the FTSE100 #UKX the GBPUSD and UK Housing on a big time frame scale before. Here we have the FTSE 100 and the UK companies which have pricing power versus #Sterling which we know is heading to sub $1 As we have expectations of the #GBPUSD to target 0.71 in a head and shoulders target close to a 50% drop from current levels! British citizens are living in a inflationary nightmare. A potential lifeboat is investing their way out. NOT SAVING .. as saving in a ever worthless #Pound is only compounding your loss of purchasing power.
TVC:UKXLong
by BallaJi
2
Footsie Is Trading In 5th WaveWe have been talking for a long time about bullish UK stock market index FTSE100 a.k.a. Footsie. We also shared the chart with our members more than a year ago, where we were tracking wave 4 correction within an ongoing five-wave bullish impulse. After a longer sideways consolidation, it turned out to be a bullish triangle pattern in wave 4, but as you can see, it’s now finally and nicely extending higher for wave 5 as expected. There can be space even up to 8800 – 9400 target area, just watch out on short-term pullbacks.
ICEEUR:Z1!Long
by ew-forecast
FTSE Target hit. Can it go even higher?FTSE100 (UK100) hit today our 8150 Target, which we set a month ago (March 20, see chart below): Since last week the 1W candle closed (much) higher than the February 2023 Resistance, we see the pattern continuing its strong resemblance with the October 2022 - February 2023 Bullish Leg. The long-term pattern continues to be a Channel Up and its previous Bullish Leg topped just below the 1.382 Fibonacci extension, making its technical Higher High. As a result, our Target is 8350 (just below the new 1.382 Fib extension). Note that if that Fib level breaks, we may even see accelerated growth as high as to complete +20% from the bottom. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:UK100Long
by TradingShot
Future PLC: A Compelling Buy with a Bright OutlookIn the ever-evolving landscape of digital publishing and price comparison, LSE:FUTR Future PLC stands out as a beacon of robust growth and potential. Founded in 1985 and headquartered in Bath, the United Kingdom, Future PLC has carved a niche for itself by publishing and distributing content across a spectrum of sectors including games, entertainment, technology, sports, and more. With its shares currently priced at an attractively low point, there’s a strong case to be made for considering Future PLC as a buy trade, with a current buy-in at 700 and ambitious targets of 1,400 and 2,100. Encouraging Performance and Strategic Growth Future PLC's recent first-half trading update has been met with optimism, described by analysts as "encouraging" and "broadly reassuring". The company has demonstrated a return to organic revenue growth, a testament to the effectiveness of its diversified business model that spans Media and Magazine segments. This rebound is particularly notable in its operations such as Go.Compare, B2B, and Magazines, despite the headwinds faced in affiliate products and digital advertising amid macroeconomic uncertainties. The stabilisation in website user trends and the initial progress of the Growth Acceleration Strategy (GAS) underscore the company's adaptive and forward-looking management approach. Analyst Jessica Pok from Panmure Gordon remarked on these developments as positive signs, highlighting the stock's attractive valuation at just 5 times FY25E PE. Valuation and Market Position One cannot overlook the compelling valuation metrics that underscore Future PLC's investment appeal. Currently trading at a PE ratio of just 6.9, the company is significantly undervalued when compared to the peer average of 11.8. This discrepancy not only points to the stock’s anomalously low price but also signals substantial upside potential. Should Future PLC’s PE ratio align with the sector average, the implications for its share price could be profound, elevating it well beyond its current level of 700. Moreover, based on a discounted cash flow model, Future PLC's fair value is estimated at 2,597, suggesting that the shares are currently 73.7% undervalued. This valuation presents a compelling case for the stock as a buy, with the current price offering a substantial margin of safety and an attractive entry point for investors seeking both growth and value. Looking Ahead As Future PLC continues to implement its strategic initiatives under the GAS, there is a keen anticipation of improved performance in affiliate and digital advertising revenues. This improvement, as broker Roddy Davidson at Shore Capital suggests, will be pivotal for a meaningful recovery in share price and for gaining traction across its growth strategies. The digital publishing and price comparison sectors are replete with challenges but also abundant with opportunities. Future PLC, with its diversified portfolio, strategic growth initiatives, and currently undervalued shares, presents an enticing prospect for investors looking to capitalise on these opportunities. Its low PE ratio, compared to peers, and the significant undervaluation based on fair value, all point to Future PLC not just as a stock to watch, but as a compelling buy in today's market. For investors and traders alike, the current valuation of Future PLC offers a rare convergence of growth prospects and value, making it a standout choice in the dynamic and competitive landscape of digital media and financial services.
LSE:FUTRLong
by Samuelleach
FTSE 100 Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 2-1-2024 Sideways Momentum with RED TrapZone established now and GREEN UMVD continues still. Price swinging UP & DOWN around the TrapZone. Cant seem to find a direction.
ICEEUR:Z1!
by SnowflakeTrader
2
UK100/FTSE: Two Corrections Complete, Time for Upward Wave!After enduring two corrections, the UK100/FTSE index appears poised for a significant upward wave, potentially leading to a new all-time high. Market analysts anticipate a resurgence in bullish momentum as previous downward corrections conclude. With these setbacks behind it, the index is primed for renewed optimism and potential record-breaking performance. Investors are closely monitoring for signs of this anticipated upward surge, ready to capitalize on emerging opportunities in the UK stock market.
FX:UK100Long
by Kara_trade
FTSE making a sustainable rally after bullish break-out.This is an update to our analysis 3 months ago (December 18 2023, see chart below) where we called for a Resistance bullish break-out and buy on the next 1D MA50 (blue trend-line) contact: Even though the pull-back dipped some more, the index still followed our projection on a rough scale. The long-term pattern remains a Channel Up but due to some relative readjustments because of that longer dip, we have to revise our target a little lower to 8150. That represents a +10.40% rise from the dip's lower point but still a 1.382 Fibonacci test (8350) is possible but in our updated view it will take longer to achieve. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:UK100Long
by TradingShot
Unlocking Opportunities: UK100 Supply and Demand AnalysisHello Traders, Critical Zone Breakout from Supply Zone Indicates Potential Upside Momentum, While Failure to Respect Signals Downside Pressure Ahead. We have 2 Demand Zones, and A Supply Zone. If The Price Breaks The Supply Zone, Take Entry While Retesting OR Pullback of The Move Otherwise If It Respects The Supply Area Then Look For The Short Entries! Please Note That The Only Purpose of The Information On This Page is Purely Educational. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
PEPPERSTONE:UK100Long
by SuccessStrikes
1
Will this UK100 dip attract bulls?UK100GBP - 24h expiry Short term bias is mildly bullish. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A lower correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 7640 level. We look to Buy at 7635 (stop at 7605) Our profit targets will be 7710 and 7735 Resistance: 7750 / 7880 / 7950 Support: 7640 / 7560 / 7500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:UK100GBPLong
by OANDA
The UK Needs MORE Homes - So Construction Stocks Breakout ?We all know the UK needs more houses, and that the ones already built are waaay unaffordable. The scramble to move house in 2021 corresponded with a big rally for building and construction stocks in 2021, admittedly alongside a lot of other parts of the UK stock market. That rally retraced by exactly 61.8% (Fibonacci) in 2022 and STOPPED FALLING. Since then its been meandering sideways about 100p from 680 to 780. This hasn't bee all that interesting - it's a consolidation period. BUT.. potentially, big players are quietly stepping in - it's what we call accumulation. We think that if UB320 The FTSE 350 Construction and Materials sector closes over 785, then we want to own the top names in that index for a new period of more obvious strength. This sector holds these 7 stocks, ordered by 1 year performance. Kier Group (+67%) CRH (+60%) Genuit Group (+28%) Keller (+4.5%) Ibstock PLC (-1.7%) Balfour Beatty (-9.43%) Marshalls (-12.69%) We like to buy strength. What do you think?
FTSE:UB3020Long
by jasperlawler