DAX bears lose control following Israel's retaliationThe DAX dropped following the news that Israel retaliated for Iran's attack over the weekend. However, the bears seem to have lost control, with the hourly charge at a crossroads.
The longer-term path shows a series of lower peaks followed by lower troughs. This suggests that the current up-leg may be an exploitable rally in the downtrend.
The DAX hourly chart is showing signs of support. However, the daily chart is still under pressure.
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Geopolotics
It's not the time to sell gold, here is why! Traders,
In today's trading session, our attention turns to XAUUSD, where we're keeping a close eye on a potential buying opportunity around the 2375 zone. Gold is on the verge of approaching the retrace area following its breakout from a downtrend observed in the 15-minute timeframes.
Delving deeper into our analysis, it's crucial to underscore the fundamental dynamics at play. The Middle East is currently a focal point of escalating tensions, with recent developments between Israel and Iran amplifying geopolitical uncertainties. Such geopolitical turbulence has historically spurred a flight to safety among investors, driving up demand for gold.
Gold's status as a safe-haven asset stems from several key attributes. Firstly, its intrinsic value and scarcity make it an attractive store of wealth during times of geopolitical instability or economic uncertainty. Additionally, gold has a long-standing reputation as a hedge against inflation, currency devaluation, and systemic risks in financial markets. These qualities render it a preferred choice for investors seeking to mitigate portfolio risks amid heightened geopolitical tensions.
Therefore, amidst the escalating tensions in the Middle East, the allure of gold as a safe haven is expected to intensify, potentially bolstering its price further.
Keep a watchful eye on XAUUSD as it navigates this environment, and trade wisely.
Warm regards,
Joe
Bitcoin(BTC/USD)Daily Chart Analysis For Week of October 7, 2022Technical Analysis and Outlook:
The Bitcoin completed our interim rebound as specified Bitcoin (BTC/USD) Daily Chart Analysis For September 30. On the downside, the main target is our newly created Mean Sup $19,050, Key Sup at $18,400, and the next Outer Coin Dip at $17,200, with the possibility of extending to the prevailing move to #2 Outer Coin Dip at $15,500 - There are possible short-term upside moves to Mean Res $20,385.
LOW RISK OPTIONS TRADE - SWING TRADE - GEOPOLITICAL TRADEAll comments and likes are very appreciated.
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Today OPEC+ is going to make a decision to cut OIL production or not to cut. The decision mainly depends on Russia now and thus situation in the Oil market is very binary.
Russia, for its part, sees U.S. shale on the ropes, with financial stress deepening for small and medium-sized drillers. U.S. oil production growth has slowed dramatically in recent weeks and months, and if WTI lingers below $50 for a lengthy period of time, output will plateau and may even decline.
The best Low-Risk trade with High RRR would be right now to buy Futures Option for WTI.
For example, price of WTI at this moment 45.56 - thus you can buy a Naked Call at 50.00 just for 0.28-0.30 USD - very cheaply and thus low risk.
If OPEC+ cuts production - we can see Oil rally to 50, in which case you will be able to sell your call for around 1.00 -1.50 USD - thus your RRR will be 1:5.
I wouldn't recommend to just go Long on CFD or Futures without a hedge - as the move can be very quick and you can get slippage and a big loss on your position.
I and/or others I advise - Bought 50 Call @ 0.28
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All comments and likes are very appreciated.
Best Regards,
I0_USD_of_Warren_Buffet
Risk-off FX Positioning Shorting the CADJPY is such a powerful tool for portfolios in today's market environment. The trade benefits from 3 fronts: (1) NAFTA headwinds for the CAD, (2) Geopolitical risk-off dynamics of the JPY, and (3) Equity underperformance.
Attractive technicals and fundamentals for this trade. Plenty of JPY longs have been liquidated over the past week, but the charts are signaling a reversal.