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Gold has retest the resistance and reject now it can go down ?I hope this analyse finds you well. I wanted to bring your attention to the latest developments in the gold market. Despite facing headwinds from a strengthening US dollar, gold prices are poised for their fourth weekly rise in five weeks. This resilience can be attributed in part to the supportive stance of the US Federal Reserve, which has maintained its commitment to interest rate reductions throughout the current year. The recent surge in the US dollar, now on track for its second consecutive week of broad gains, has exerted downward pressure on gold prices. This trend follows noteworthy events such as Japan's unsuccessful interest rate hike and Switzerland's surprise interest rate cut, highlighting the contrasting monetary policies between the US Federal Reserve and its global counterparts. In light of these developments, it's essential to stay informed and agile in our investment strategies. Should you have any questions or require further clarification, please feel free to reach out.
OANDA:XAUUSD
by Alexview009
🛢 CL OIL, H4 🛢 27 March 2024🛢 CL OIL, H4 🛢 27 March 2024 Crude oil prices retreated from significant resistance levels as market sentiment remained tepid ahead of key events. Investors opted to shed high-risk commodities amidst lingering uncertainties. However, losses were tempered by concerns over potential supply disruptions, notably after Russia's directive to companies to curtail output in line with OPEC+ commitments. With US crude inventories registering a significant uptick, attention shifts to the upcoming EIA Oil inventories release and broader economic performance for crucial trading cues. Oil prices are trading lower following the prior retracement from the resistance level. Suggesting the commodity might extend its losses toward support level. Resistance level: 82.85, 84.10📉 Support level: 80.20, 78.00📈
TVC:USOILShort
by top_fx
USDJPY H4 27 March 2024 USD/JPY, H4 27 March 2024 The USD/JPY pair touched its weakest level against the U.S. dollar for the third time, nearing the 152.00 level, following Japan's first rate hike since 2007. The Japanese Yen has approached intervention levels last seen in 2022, prompting speculation of potential currency intervention by Japanese authorities. The Japanese Finance Minister indicated openness to considering measures to address the weakening yen, further contributing to market speculation regarding potential intervention. The USD/JPY pair has formed a triple-top price pattern, if a break from current level suggests a solid bullish signal; a drop from current level would suggest a bearish signal. However, there is a divergence as the pair continue to surge Resistance level: 151.85, 153.35📉 Support level: 149.50, 147.65📈
by top_fx
EURUSD H4 27 March 2024🇪🇺 EUR/USD, H4 🇺🇸 27 March 2024 The EUR/USD pair experienced a modest retracement after bouncing back from its recent low around 1.0800. This retracement was driven by a strengthening of the dollar yesterday, supported by upbeat U.S. economic data. In contrast, the euro lacked significant catalysts for further gains. Moreover, with the euro's Consumer Price Index (CPI) being lower than that of the U.S. and UK, market expectations of a potential rate cut by the European Central Bank (ECB) have been growing, adding downward pressure on the euro. EUR/USD retraced from its technical rebound, suggesting the pair remain trading with its long-term bearish trajectory. Suggests the pair remain trading with bearish momentum. Resistance level: 1.0866, 1.0955📉 Support level: 1.0780, 1.0700📈
Short
by top_fx
GBPUSD H4 27 March 2024GBP/USD, H4 27 March 2024 The GBP/USD pair maintained its bearish trajectory following a brief technical rebound earlier in the week. This decline was primarily attributed to positive U.S. economic data, particularly the increase in Durable Goods Orders from-6.9% to 1.4% in February. However, the downward movement was somewhat tempered by a hawkish stance from the Bank of England's Mann, who indicated a more optimistic view on the UK's wage growth compared to the U.S. and EU. GBP/USD continues to trade lower after a technical rebound. Suggesting that the bearish momentum is overwhelming. Resistance level: 1.2710, 1.2770📉 Support level: 1.2530, 1.2440📈
Short
by top_fx
XAUUSD H4 27 March 2024🔖XAU/USD, H4🔖 27 March 2024 Gold prices saw a modest rebound, finding support near key resistance levels amid lacklustreeconomic data from the US. The Conference Board's consumer confidence index fell below expectations, signalling persistent concerns about economic activity. As volatility looms with major events and data releases on the horizon, gold's safe-haven appeal is expected to remain robust, potentially buoying prices in the coming days. Gold prices are trading higher while currently testing the resistance level. Suggesting the commodity might experience technical correction. Resistance level: 2185.00, 2230.00📉 Support level: 2145.00, 2110.00📈
FX:XAUUSD
by top_fx
$SFRX Long with price target of 2020 high 0.0179¢Seafarer Exploration’s SeaSearcher drone is set to take the treasure-hunting world by storm The current SeaSearcher prototype, getting put to the test in Florida As any frequent viewer of the Discovery Channel will know, the search for sunken treasure typically involves sifting through the sand, just hoping to unearth gold or silver. The SeaSearcher underwater drone, however, may soon point clients right to the booty. Currently in functioning prototype form, the battery-electric SeaSearcher is being developed by Florida startup Seafarer Exploration. It was designed by engineer Tim Reynolds, CEO of partnering company Wild Manta. The vehicle's big claim to fame is that it can detect – and differentiate between – various types of metal buried up to 10 meters (33 ft) beneath the seabed, creating and relaying a 3D digital map of their location. "I've been given the rights to salvage old Spanish and other types of wrecks along the coastline, here in Florida," Seafarer CEO Kyle Kennedy told us. "All these ships used to dock in Havana, they would load up with gold from the New World, and head up the Gulf Stream before heading across the ocean. Storms would sink them, on their routes. There's over a thousand of these shipwrecks, but the problem is, there's never been equipment that would show you where gold and silver was, under the sand." The exact means by which the SeaSearcher does allegedly show you is a closely guarded trade secret. However, we have been told that the drone can descend to depths of up to 100 m (328 ft), then cruise about 1 m (3 ft) above the seafloor, emitting electromagnetic, RF and acoustic waves of varying modulation formats as it does so. Utilizing machine-learning-based algorithms running in real time, it analyzes the manner in which any buried metal objects are "energized" by those waves. As a result, the vehicle is reportedly able to determine the depth at which those objects are located, along with the type of metal they're made of. The SeaSearcher's operator interface displays a 3D map showing the location of buried metal objects Seafarer Exploration In a field test recently conducted at a Florida wreck site, the SeaSeacher didn't find any gold or silver, but it is claimed to have identified brass, iron, copper, aluminum, lead and stainless steel items. The geographical location of the detected metals is determined in two ways. First of all, since radio waves don't travel well through the water, the SeaSearcher tows a floating buoy along the surface above itself. The GPS coordinates of that buoy are recorded and transmitted to the crew, aboard a nearby support boat from which the SeaSearcher was launched. That said, strong currents or rough weather can cause the buoy to end up a fair distance away from the drone – after all, the cable by which it's towed has to contain some slack, meaning it doesn't go straight down to the SeaSearcher. For that reason, a triangulation system developed by the US Navy can also be used. It incorporates a submerged platform which hangs over the side of the support boat, where it sends and receives sonar pings to and from the drone. A rendering of the 2nd-generation SeaSearcher, which will be optimized for use in a towfish configuration Seafarer Exploration The SeaSearcher can be used as an ROV (remotely operated vehicle), an AUV (autonomous underwater vehicle) that follows a preprogrammed search pattern, or in a towfish setup, wherein it's towed behind a boat. Since Seafarer doesn't want competitors getting their hands on the technology and figuring out precisely how it works, plans call for the company to instead offer the SeaSearcher and an operator as a service to treasure-hunting clients. Kennedy believes that the service should be available within six months. In the meantime, he hopes to raise funds by using the drone to discover some sunken treasure of his own. "The world doesn't believe that this device works, right now," he said. "As soon as we prove that it works on treasure, we'll do some white papers and independent tests and all that good stuff. But right now, all I need it to do is show me some massive amounts of gold and silver, and then I don't really care what the world thinks." Learn More Here: newatlas.com
OTC:SFRXLong
by astrothtrader
2
🛢 CL OIL H4 🛢 25 March 2024🛢 CL OIL, H4 🛢 25 March 2024 Crude oil prices witnessed a slight retreat amidst optimism surrounding potential ceasefire negotiations between Israel and Hamas. US Secretary of State Antony Blinken's remarks, indicating progress in talks held in Qatar aimed at reaching a ceasefire agreement for Gaza, tempered concerns over oil supply disruptions. This development, coupled with the potential alleviation of geopolitical tensions, contributed to the easing of fears in the oil market. Oil prices are trading lower while currently testing the support level. Suggesting the commodity might experience technical corrections. Resistance level: 82.85, 84.10📉 Support level: 80.20, 78.00📈
TVC:USOIL
by top_fx
AUDUSD H4 25 March 2024AUD/USD, H4 25 March 2024 The AUD/USD pair has seen a rebound from its recent lows, buoyed by interventions from the Chinese government aimed at strengthening the Chinese Yuan in a bid to stabilise it amid recent weakening. Consequently, the Australian dollar, often viewed as a proxy for the Chinese economy, benefited from the stronger Yuan, experiencing an uptick in value. Traders are now shifting their focus towards the upcoming release of Australia's Retail Sales data on Wednesday, which is anticipated to provide further insights into the strength of the Australian dollar. The AUD/USD pair has rebounded but remains trading with a bearish trajectory. Suggesting the bearish momentum is overwhelming. Resistance level: 0.6590, 0.6640📉 Support level: 0.6484, 0.6410📈
Short
by top_fx
EURUSD H4 25 March 2024 EUR/USD, H4 25 March 2024 The EUR/USD pair is currently facing significant downward pressure, trading close to its key psychological support level at around 1.0800. This pressure comes amid signs of easing inflation within the Eurozone, prompting market speculation about a potential rate cut from the European Central Bank (ECB) in 2024, despite its current hawkish monetary policy stance. Concurrently, persistent inflation in the U.S. is leading the Federal Reserve to adopt a more cautious approach towards rate cuts. This divergence in monetary policy between the two central banks is expected to exert additional downward pressure on the pair. EUR/USD recorded a technical rebound at above 1.0800 after a significant dive. Suggesting that the pair remains trading with bearish momentum. Resistance level: 1.0866, 1.0955📉 Support level: 1.0780, 1.0700📈
Short
by top_fx
GBPUSD H4 25 March 2024GBP/USD, H4 25 March 2024 The GBP/USD currency pair is exhibiting sustained bullish momentum, currently hovering near the 1.2600 level as the market anticipates further developments. Revisions in market expectations regarding a potential Federal Reserve rate cut in 2024 have emerged due to ongoing inflationary pressures in the U.S., contributing to the strengthening of the dollar. Additionally, traders are closely monitoring the upcoming release of the UK's GDP data on Thursday, which is expected to provide insights into the economic health of the UK and its potential impact on the strength of the Sterling. GBP/USD continues to trade with strong bearish momentum despite recording a slight rebound at near 1.2600 levels. Suggesting that the bearish momentum remains strong. Resistance level: 1.2630, 1.2710📉 Support level: 1.2530, 1.2440📈
Short
by top_fx
XAUUSD H4 25 March 2024🔖XAU/USD, H4🔖 25 March 2024 Gold prices experienced a downturn as the robust US Dollar continued to dampen the appeal of non-yielding assets such as gold. The resurgence of the Dollar, particularly following signals from several major central banks, including the Swiss National Bank, hinting at potential rate cuts in 2024, weighed heavily on the precious metal market. Despite dovish sentiments expressed by some Fed members regarding rate cuts, the recent outperformance of the US economy could cloud the outlook for gold prices. Gold prices are trading lower while currently testing the support level. Suggesting the commodity might experience technical correction. Resistance level: 2240.00, 2315.00📉 Support level: 2150.00, 2080.00📈
FX:XAUUSDShort
by top_fx
DOLLAR_INDX H4 25 March 2024💵 DOLLAR_INDX, H4 💵 25 March 2024 The Dollar Index continued its upward trajectory for a second consecutive week, bolstered by the robust performance of the US economy and heightened expectations of interest rate hikes. The potential yield disparity between the US Dollar and other major currencies remained a significant driver, underpinning the greenback's strength. Moreover, the Fed's upward revision of economic growth forecasts for the United States instilled confidence among investors, further reinforcing positive sentiment towards the US economic outlook. The Dollar Index is trading higher while currently testing the resistance level. Suggesting the index might enter overbought territory. Resistance level: 104.45, 104.95📉 Support level:104.00, 103.65📈
TVC:DXYLong
by top_fx
The TradingView Digest - March 25thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top ideas from our community, which includes a video tutorial on customizing TradingView charts, an informative post about Reddit, a hot script on price gaps, and all the latest headlines, earnings, and economic events. We hope you find this week's edition exciting and engaging. Let's dive in! 😀 💡🎥 TradingView Masterclass: Create your perfect chart - by TradingView Dive into this video for a hands-on masterclass on TradingView's chart settings, created just for you! From the general themes to the smallest details, you'll learn how to fully customize your charts to match your unique trading style and preferences. Discover how to access and adjust every aspect of your charts, making sure they look, present data, and integrate trading features exactly how you want. 💡 Reddit Braves Wall Street with 48% Pop in Debut. When Growth? - by TradingView Reddit stepped into the public-market space this week with a flashy and splashy IPO in New York that chalked up a 48% gain on its debut day. The listing was met with lots of cheer from Wall Street as it was the biggest one for a social media company since Pinterest hit exchanges in 2019. 🔝 Top Stories 📰 Federal Reserve Holds Interest Rates Steady but Projects Three Cuts This Year 📰 Sterling Tumbles 2% to $1.2580 After Bank of England Keeps Rates Steady 📰 Apple Stock Wipes Out Over $100 Billion in Value After US Files iPhone Monopoly Lawsuit 📰 Reddit Stock Pops 38% Out of the Gate to Trade at $47 a Share at $9 Billion Valuation 📰 Bitcoin Powers Up by 12% to $68K After Jay Powell Upholds Rate-Cut Timeline 💵 Earnings highlights from the previous week: 💲 PDD Holdings soars on Q4 results beat 💲 Micron Posts Surprise 2Q Profit as Recovery Continues 💲 Accenture Q2 Earnings Surpass Estimates, Revenues Miss 💲 NIKE Q3 Earnings Surpass Estimates, Revenues Up Y/Y 💲 FedEx Posts Strong Quarterly Results 💡 Options Blueprint Series: Strangles vs. Straddles - by traddictiv Among the plethora of strategies, the Strangle holds a unique position, offering flexibility in unclear market conditions without the upfront costs associated with more conventional approaches like the Straddle. This article delves into the intricacies of the Strangle strategy, emphasizing its application in trading Gold Futures. 💡🎥 How to Set a Trailing Stop Loss on TradingView - by zAngus This one is a bit of a hack but follows on from my video on how to set 'Stop Losses' on TradingView for Connected Brokers. To set a trailing stop loss, you need to open your broker account, place the trade there, and it will then be reflected on the TradingView interface. 📆 Economic Calendar ⚡️ March 26th (United States) — Durable Goods Orders MoM ⚡️ March 28th (United Kingdom) — GDP Growth Rate YoY Final (Q4) ⚡️ March 28th (United States) — GDP Growth Rate QoQ Final (Q4) ⚡️ March 29th (United States) — Core PCE Price Index YoY ⚡️ March 29th (United States) — Fed Chair Powell Speech ⚡️ March 31st (China) — NBS Manufacturing PMI 🔥 What's New Just a few minor tweaks last week, but fear not ... We continue working hard 👷🏽 to make the platform even better. 🌟 Script of the Week 📜 Gaps Profile - by vnhilton The script displays remaining unclosed gaps on the chart, helping you recognize shifts in market sentiment and pinpoint potential supply/demand zones. 💭 Our Weekly Thought: “ Sometimes the best trades are the ones you did not take. ” We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below. 💖, TradingView Team 📣 Want to be among the first to know all the news? Give us a follow!
COINBASE:BTCUSD
by TradingView
2
DXY (DOLLAR) IS TRYING TO RECOVER, (READ CAPTION)The dollar is trying to recover in today's trading from the US Federal Reserve's strike The US dollar achieved a modest rise during trading on Thursday, as the green currency attempted to recover from the losses incurred last session as a result of negative federal developments. In this regard, the dollar incurred strong daily losses at the end of yesterday’s session, estimated at about 0.43%, affected by the less stringent statements of US Federal Reserve Governor Jerome Powell, which he made yesterday evening, as Jerome Powell said that postponing the interest rate reduction step may harm the US economy, It is expected that the interest rate reduction cycle will begin in the second half of this year, while hinting that despite the strong conditions in the labour market and the outstanding performance of the US economy, this will not prevent the US Federal Reserve from taking interest rate reduction measures. This coincided with the pressures facing the dollar at that time immediately after the release of economic forecasts by the US Federal Reserve, which indicated the possibility of reducing US interest rates three times this year, which means that the US Federal Reserve did not take into account the rise in inflation rates during the past two months, and here it is worth noting. Pointing out that the markets now see a 65% chance that the US Federal Reserve will start cutting interest rates at the June meeting, according to the performance of tracking federal interest rates issued by the CME Group. If you like this informative data and technical analyse please support my ideas and follow thanks for kindness.
TVC:DXYLong
by Alexview009
🛢 CL OIL H4 🛢 22 March 2024🛢 CL OIL, H4 🛢 22 March 2024 Crude oil prices faced downward pressure amid weaker US gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza, easing concerns of supply disruptions. Despite an unexpected decline in US crude inventories reported by the Energy Information Administration (EIA), gasoline product demand slipped below 9 million barrels, contributing to the overall bearish sentiment in the oil market. Geopolitical tensions also weighed on oil prices, with the US drafting a UN resolution aimed at facilitating a ceasefire, dampening market fears. Oil prices are trading lower while currently testing the support level. Suggesting the commodity might extend its losses after breakout. Resistance level: 82.75, 85.45📉 Support level: 80.45, 78.45📈
TVC:USOILShort
by top_fx
NZDUSD H4 22 March 2024NZD/USD, H4 22 March 2024 The NZD/USD pair has displayed a double-top pattern, indicating a potential bearish trend. Despite favourable trade balance data released today, the New Zealand dollar has been overshadowed by a strengthened U.S. dollar. With a lack of bullish catalysts for the Kiwi at present, the pair faces challenges in reversing its trend. The NZD/USD pair has formed a double-top pattern, suggesting a potential fresh bearish trend. Resistance level:0.6050, 0.6100📉 Support level: 0.6005, 0.5950📈
Short
by top_fx
USDJPY H4 22 March 2024USD/JPY, H4 22 March 2024 Despite the Bank of Japan's historic decision to end its negative rate policy with its first hike in 17 years, the Japanese yen remained weak against the backdrop of a widening yield differential between Japan and the US. With the Federal Reserve maintaining its benchmark federal funds rate and better-than-expected US economic data further widening the yield gap, the dollar continued to strengthen against the yen, favouring investments in the US. USD/JPY is trading higher following the prior rebound from the support level. Suggesting the pair might experience technical correction. Resistance level: 151.95, 153.10📉 Support level: 150.80, 149.35📈
by top_fx
GBPUSD H4 22 March 2024GBP/USD, H4 22 March 2024 The GBP/USD pair encountered significant headwinds, marking its lowest levels since March. The Bank of England's (BoE) decision to maintain its interest rates aligned with market forecasts, yet market sentiment leans towards a dovish outlook from the British central bank. This tilt towards a more dovish stance has contributed to the weakening of Sterling. In parallel, the dollar saw a strengthening trend spurred by positive economic data released yesterday. This upward momentum in the dollar added further pressure on the Sterling, compounding the challenges faced by the GBP/USD pair. GBP/USD hardly hammered yesterday's session and has reached its lowest levels in March. Suggesting that the bearish momentum is overwhelming. Resistance level: 1.2770, 1.2700📉 Support level: 1.2630, 1.2530📈
Short
by top_fx
XAUUSD H4 22 March 2024🔖XAU/USD, H4🔖 22 March 2024 Gold prices dipped from record highs as the US Dollar and US Treasury yields rebounded sharply on the back of positive economic data releases and the Federal Reserve's optimistic forecast. Despite the Federal Reserve's upward revisions for the Gross Domestic Product (GDP) and the Core Personal Consumption Expenditure Price Index (PCE) for 2024, which supported the US Dollar, gold's decline was tempered by ongoing geopolitical tensions and safe-haven demand. Gold prices are trading lower following the prior retracement from the resistance level. Suggesting the commodity might extend. Resistance level: 2185.00, 2240.00📉 Support level: 2150.00, 2117.00📈
FX:XAUUSDShort
by top_fx
DOLLAR_INDX,DXY H4 22 March 2024💵 DOLLAR_INDX, H4 💵 22 March 2024 The Dollar Index, tracking the greenback against a basket of major currencies, rallied following the release of better-than-expected US economic data, bolstering confidence in the Federal Reserve's optimistic outlook. With US Initial Jobless Claims declining to 210,000, surpassing expectations, and Fed Chair Jerome Powell reaffirming the strength of the labor market, investor sentiment favoured The US Dollar. Meanwhile, rising US Treasury bond yields further reinforced the Dollar's upward momentum, reflecting heightened market confidence in the US economic outlook. The Dollar Index is trading higher while currently testing the resistance level. Suggesting the index might extend its gains after breakout. Resistance level: 104.00, 104.50📉 Support level:103.20, 102.55📈
TVC:DXYLong
by top_fx
🛢 CL OIL, H4 🛢 20 March 2024🛢 CL OIL, H4 🛢 20 March 2024 Crude oil prices extended gains, reaching multi-month highs for the second consecutive session, driven by rising geopolitical tensions, notably recent attacks by Ukraine on Russian refineries. Concerns over supply disruptions intensified as the attacks targeted a significant portion of Russian refining capacity, leading to the shutdown of approximately 7% of daily refining output. The escalating conflict underscores the volatile nature of global oil markets and highlights the potential for further price fluctuations. Oil prices are trading higher while currently testing the resistance level. Suggesting the commodity might experience technical correction since the RSI entered the overbought territory. Resistance level: 82.85, 84.10📉 Support level: 80.20, 78.00📈
TVC:USOILLong
by top_fx
AUDUSD H4 20 March 2024AUD/USD, H4 20 March 2024 The AUD/USD pair remains under pressure, approaching its lowest level in March. Following the Reserve Bank of Australia's (RBA) interest rate decision, which met market expectations by maintaining rates at 4.35%, the Australian dollar experienced further weakness. This was exacerbated by comments from the RBA governor indicating that the central bank has concluded its monetary tightening program. Such a dovish tone from the Antipodean central bank contributed to the decline in the Australian dollar. The AUD/USD pair recorded a minor rebound after a significant plunge yesterday. Suggesting that the bearish momentum remains strong. Resistance level:0.6576, 0.6617📉 Support level: 0.6484, 0.6450📈
Short
by top_fx