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H-setup

XAU/USD: Impact of Conflict and FOMC MinutesGold hit a two-week peak during the Asian session, indicating a continued and robust recovery from a recent low near $1,810. Geopolitical tensions in the Middle East strengthened gold's position as a safe-haven asset. The XAU/USD pair remains close to its daily peak, displaying persistent bullish momentum. However, it is trading below the bearish 20-day Simple Moving Average (SMA), presenting dynamic resistance around $1,880. Technical indicators are trending upwards within negative levels, indicating ongoing buying interest but without confirming a definitive bullish trend. The short-term risk seems tilted towards an upward trajectory, encountering a slight bearish challenge from the 100-day SMA while the 20-day SMA trends firmly upwards. Despite maintaining positive levels, technical indicators lack a clear directional signal. The Momentum indicator shows a bearish divergence, stabilizing below a recent high. Key support and resistance levels are provided. Moreover, recent fluctuations in gold's value are attributed to a weakening US Dollar and declining US Treasury bond yields due to safety demand amid geopolitical events in the Middle East. Expectations of a Federal Reserve (Fed) rate hike have decreased, affecting bond yields. Investors are cautious following the release of the US Producer Price Index (PPI) and ahead of the Consumer Price Index (CPI) release. The CPI is projected to rise by 3.6% YoY. Have a good trading day everyone, greetings from Nicola, the CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
3
NAS100 SHORT TRADE IDEA, NOW THE TIME TO JUMP TO LOWER TIMEFRAMEHello Traders, i Already done the Full Analysis on the FX:NAS100 and it played perfectly now we all know what gonna happen it the time for the : - DISTRIBUTION, exactly what that means it means a big move so we have to find our Entry to do so we have to jump on LOWER timeframe LIKE 15MIN or 1H and Enter, this is just the UPDATE for the ANalysis if you want me to do a lower timeframe Setup entry let me know on the comment section!
PEPPERSTONE:NAS100Short
by BlackWatch01
USDCAD DAILY BREAKDOWN FROM A HIGHER TIMEFRAME VIEWPOINT Hello Traders, This the Daily Breakdown for FX:USDCAD on The daily timeframe we already took the monthly and weekly analysis you can check it on #Related ideas what new on this daily analysis! The daily analysis we find our Daily setup entry on a discounted o price with a clear P.O.I below the FVG " Fair value Gap " or IMB, that what we found and we also indentified the daily range and our next Target which is 1.3670. We gonna refine the OrderBlock on the 4H So stay Tuned For it!!
Long
by BlackWatch01
XAUUSD Up according to plan after NFP!The price of gold has increased to the $1,830 area, with the yield of the 10-year US Treasury benchmark falling below 4.8% after initially rising to 4.9% in response to the US September jobs report, giving a boost to XAU/USD. The next directional move of the gold price will depend on the outcome of the US NFP report. From a technical perspective, the daily setup appears mixed in the short term, with a bearish cross confirmation countering any potential for a rebound in oversold Relative Strength Index (RSI) conditions. The 100-day Moving Average (DMA) crossed below the 200 DMA on a daily closing basis on Wednesday, confirming a bearish crossover. On the upside, if the recovery holds, gold buyers will target the previously supportive-turned-resistance level at $1,850, in case the strong resistance near $1,830 breaks. Furthermore, the gold price could challenge bearish commitments at the September 28 and 29 highs of $1,880. Alternatively, the gold price needs to find acceptance below the crucial support at the $1,810 level, where the March 8 low is situated. The $1,800 threshold will be the level to surpass for gold sellers, opening the path towards the psychological level of $1,750. The gold price is temporarily gaining ground, as the US dollar has entered a consolidation phase after two consecutive days of correction from an 11-month high. The subdued tone around the US dollar could be attributed to a slightly positive mood in the Asian session this Friday, despite mixed developments in the Chinese property market. Shares of Sunac China Holdings Ltd. surged after the property giant obtained approval for a debt restructuring plan. Meanwhile, shares of China Evergrande Group fell by over 10%, limiting gains in Asian indices. However, Hong Kong's Hang Seng is rallying 2% for the day. The extended decline in oil prices combined with a pause in the surge of US Treasury bond yields is providing some comfort to investors. However, they refrain from placing any fresh directional bets on the gold price and the US dollar ahead of the release of US labor market data. Economists are expecting the US economy to have added 170,000 jobs in September, slowing down from the 180,000 additions reported in August. The unemployment rate is expected to be slightly lower, dropping from 3.8% to 3.7% in September, while average hourly earnings are likely to rise by 4.3% year on year in the reported period, similar to the previous reading. Following a much smaller-than-expected US private job growth, as reported by ADP, of 89,000 in September, downside risks remain intact for the headline NFP number, which could further weigh on the November rate hike expectations by the US Federal Reserve (Fed), in light of loosening labor market conditions. In the case of a disappointing US NFP report, the US dollar correction could gain additional traction alongside US Treasury bond yields, bolstering recovery attempts in the gold price towards $1,850 and beyond. Conversely, if US labor market data, including wage inflation, suggest that the Fed can opt for one more rate hike by year-end, the US dollar could resume its uptrend at the expense of the non-interest-bearing gold price. Additionally, observe a new demand area from 1800 to 1820, in which I expect a retracement before a continuation of the price's long direction. Let me know what you think, leave a like and comment. Have a great weekend everyone from Nicola, the CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
4
XAUUSD H4 Outlook after USA News!The price of gold experienced a significant oscillation, reaching $1,880 and then dropping to $1,860 after an initial rebound. The Relative Strength Index (RSI) indicates excessive sales, suggesting the need for consolidation before any further declines. Factors such as the potential real estate crisis in China and the risk of a partial US government shutdown favor gold as a safe haven. However, expectations of a restrictive monetary policy by the Federal Reserve limit optimism. The price of gold may continue to decline, with $1,880 representing a strong resistance and a crucial support level at $1,857-$1,858. Despite solid economic data from the United States, political uncertainty suggests caution. Focus on inflation and divisions in the US Congress add uncertainty to the gold market, keeping traders waiting for the Personal Consumption Expenditures (PCE) Price Index data to guide future trading decisions. Additionally, the price is in the 1848 area, which, after breaking a swing low at the 1860 level, appears to be an excellent point to look for possible bullish reversals, although the price could further drop to the 1820 level, where we have an H4 demand zone. In the case of an upward movement, the price could rise to the physiological target of 1900. Let me know what you think, leave a like and comment to support our work. Greetings and have a good evening from Nicola, the CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1