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XAUUSD - KOG REPORT - NFP!This is our view for NFP today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’ll start by saying this isn’t really something we want to get involved in, with all the news in the markets, the backtracking of the feds Powell and on top of that uncertainty and fear in the markets, we will sit this one out unless we get the levels we’re looking for. We have two targets on Gold at the moment, the 1980-85 level and the level which seems way down below now which is around 1880-85. We’ve market the key levels on the chart with what we feel is the range and what we feel could be the movement for NFP based on the technical aspects of the chart, not the numbers! We’re expecting DXY to tap out slightly above where it is now and then start a potential decline which if correlations allow will give Gold a small dip and then potentially push it up to test that recent high. So as always, we’ll look at this with two scenarios in mind: Scenario 1: The price dips to the immediate support or, pushes up straight away. We will wait for the higher key levels 1963-5 and above that 1980, where if we see resistance we feel it would represent an opportunity to test the short trade back into the levels of 1950, 1930 and below that 1920. Scenario 2: The price drops from here, we will wait for the lower support levels of 1920 for a reaction, breaking this level we have our target below at 1880-85, that’s where we feel would be an opportunity to test the long trade back up into the levels of 1930 as the first destination. We would like to see how the price reacts at the key levels as we’re expecting both our targets to get hit, either the higher first, then the lower. Or, the lower first then the higher. New traders, sit this one out. The trade will come, let them push the price to where they want to grab liquidity from, exhaust and then potentially take a position. Control your lots sizes, this isn’t the market condition to be trying to get rich quick and always, always have a risk strategy in place. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
NFP Preview USD/JPY, EUR/USD, GOLDWe approach US NFP this month with USD very strong at 98 on the Dollar index. Most of the USD strength is on the back of EUR/USD selling which is at the key 1.10 level ahead of the US Jobs number. Forecast at 400k the cleanest pair to trade is USD/JPY which will go up if strong or down if weak. But given we in uptrend on USD if the number is weak but doesn't change the FED raising rates then the dip should be bought back up on USD/JPY. Another way of playing NFP is gold with the market long Gold on the war and so we vulnerable to a sell off if the NFP numbers strong. This could combine with easing fears and FOMC focus to help gold fall back below $1900. easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. “Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
by easyMarkets
$BTC Daily TA : 03.04.22 (Update)As you can see, exactly according to both previous analyzes, the price correction has finally started today and has now corrected to 42K zone . I still expect the price to return to the OrderBlock in $ 41,000 to $ 41,500 range, and then in that range we can look for a optimal trigger to buy! Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅04.MAR.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
COINBASE:BTCUSDShort
by ArmanShabanTrading
7
XAUUSD - AMD SHORT ideaDear traders, Crazy times. Especially this month of February was full of action and now this Russia vs Ukraine war started. It affected GOLD so much. I have never seen such a daily candle on the chart. However. we still can benefit from it if we know what to do and manage our risk properly. Clearly, we are impulsing down after a massive rejection. A possible shift in trend to a bearish. Also, we can notice the "AMD" pattern. I will be looking for sells from the area I've marked. Good luck everyone. DISCIPLINE Strive for patience, perseverance, determination, & rational action. Limit your losses, use stops. Never cancel a stop loss order after you have placed it! It's just an idea of mine. However, everyone can share their thoughts in the comment section below. Also, don't forget to support me! :) Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice. Always plan your trade and trade your plan.
OANDA:XAUUSDShort
by d13wish
XAUUSD LONG TO 1940 (ALTERNATIVE ANALYSIS)We saw Gold aggressively shoot up near market closure on Friday evening with huge bullish momentum indicating buyers are coming back into the markets. However, at the current moment Gold is really overbought and has choppy price action. I will wait for a retracement back towards my POI then analyse price action to see if buyers are about to come in again. This here is my alternative analysis. I am still short on Gold overall. All of my socials are listed on my TradingView profile. Feel free to follow my TradingView in order to keep up to date with all the latest analysis. Drop a like if you agree with this chart analysis or let me know what you think!
SAXO:XAUUSDLong
by BA_Investments
Gold Weekly Analysis: All eyes will be on FOMC and NFP The big picture for gold is mixed as the bullish trend appears to remain on hold. However, a descending triangle formation shows that some bearish potential may be brewing with Gold markets, and US rates continue climbing at a higher rate than treasuries. The Fed's next meeting will decide whether or not they're hawkish enough to elicit more significant responses from gold investors who want less risk associated with their investment portfolios. What will happen then could have wide-ranging impacts on the gold price. Gold may continue to perform well in a stagflation-like environment. When you have strong inflation and meager growth, similar to last week's Advance GDP read showing 2% annualized growth rate for next year's economy whether market forecasted 2.6% growth. But we're not there yet, so it depends on how the Fed handles the problematic situation, which has begun to build up over time. The Federal Reserve will be giving its insights into these matters this week when they release their assessment at two separate but related events: Jackson Hole Conference Monday through Friday, August 6th -10th. If FED hind any rate-hiking chance next year, we may see gold will drop based on that news. As inflationary exists so, the drop may not be too heavy, but it will fall. Gold Weekly Chart In the weekly chart gold price breaks below the descending triangle trend line. In Gold, the fear is rate hikes. Rate hikes can draw capital away from non-interest-bearing assets such as Gold or Silver to potentially more profitable investments that are currently paying interest on their loans from banks and other financial institutions around this country (The U.S). In recent years, the hawkish speech from the Fed chairman has become when making decisions about rates hike deadlines. It has been shown historically through looking at charts between 2012 - 2015. We saw our lowest point for gold prices among all others following an increase—a clear indication of what should've happened if one understands how anticipation works within gold markets. Gold price dropped more than 7500 pips from 2012 to 2015 because of the higher bank rate. Though the situation is not the same as the current situation, higher bank rates harm gold prices if inflation is under control. But inflationary pressure is the main problem for most countries. So, indeed FED increases their bank rate, it won't hurt much gold price for the long term because the USA is also under inflationary pressure because of a pandemic. Gold Technical View: Two key levels are clear as a conclusion to this market. First, the upper range, 1835-1845 resistance, and 1750-1720 support zone have been tested several times in 2021. So, as long as the gold market with that range, I don't think we will see heavy movement. From the current gold price, we may see some upward correction nearly the $1800 price zone. But if the market breaks below the immediate support 1770 price zone, our first target to the downside is the $1745/1750 price zone. And breaking below $1745, our final downside target is a $1720 price zone for the next week until we get enough fundamental reports that will favor the USD. On the other hand, $1800/1800 is immediate resistance. So, the market may test this price as well. But the swing area is $1815 price zone. So as long as below $1815, we have hope that gold still has a chance to drop. breaking above $1815, our upside target would be the $1835/1845 price zone. As long as the market hold below the $1845 price zone, I would suggest not buying gold. However, with the gold price breaking above $1845, our upside target would be near the $1900/1920 price zone.
TVC:GOLD
by Gold_Trading_Expert
6
Cdn. dollar rebounds after soft job dataThe Canadian dollar has started the week with strong gains, recovering after sharp losses at the end of the week. There are no Canadian tier-1 events on the calendar, so US numbers will have a magnified impact on the movement of the Canadian dollar. The US nonfarm payrolls outperformed in spectacular style, posting a gain of 467 thousand jobs in January. Many analysts had projected a negative print, and the consensus of 125 thousand showed that expectations were quite low. With inflation at 40-year highs, wage pressures are rising. Average hourly earnings climbed 5.7% in January y/y, as workers seek higher wages due to the rise in the cost of living. The strong NFP report will keep the pressure on the Fed not to ease up on the rate pedal after the (widely expected) March liftoff. It was a starkly different story north of the border, as the Canadian employment report for January was dismal. The economy shed 200.1 thousand jobs, after a gain of 78.6 thousand in November. The consensus stood at -117.5 thousand. The unemployment rate jumped from 6.0% to 6.5%, higher than the estimate of 6.2%. The weak Canadian jobs reports, coupled with a massive NFP which has raised expectations of more rate hikes, was a double-whammy that sent the Canadian dollar sharply lower on Friday. BoC Governor Tiff Macklem testified before a Senate banking committee in Ottawa last week, and his comments indicated that Macklem still views inflation as transitory, as he stated that the BoC expects inflation to ease in the second half of 2022. At the same time, Macklem was clear that additional interest rates are needed to lower inflation to the 2% target, with the number of hikes depending on economic developments. The BoC is widely expected to raise rates at its next meeting in early March, but similar to the Fed, there's lots of uncertainty about what happens after that. Macklem will speak on Wednesday and the markets will be looking for clues regarding future rate hikes. USD/CAD faces resistance at 1.2818 and 1.2873  1.2679 was tested in support earlier in the day. Below, there is support at 1.2595
by OANDA
XAUUSD (GOLD) - Analysis - (short term trade) Hello Traders! I believe we are still going to see a push to the downside from 1807-1809 area at least to 1787-1788 before we see any correction I would just be very cautious when it comes to risk management as we have NFP today and price could prove to be very volatile. Happy trading wishing you a great day ahead and happy weekend in advance Please do not forget to like and follow for more ideas like this! Note: This is not financial advise, as trading entails high risk and is not suitable for everyone. These are to be used for educational purposes ONLY! Many thanks, ETGL Team 💛
OANDA:XAUUSDShort
by Eleventgl
XAUUSD - NFP (4H trading idea)Hello Traders, we were expecting the shorts to play out pre-NFP but since that did not happen, we are currently anticipating price to react from 1819-1825 for shorts. The rejection could be just a spike from news events and a quick continuation to the downside. GOLD is still very bearish and has potential to reach to the 1760 level ! I will not be taking the trade myself, this is just for educational purposes. Feel free to ask any questions if need be. Disclaimer: This is not financial advice, trading entails high risk and is not suitable for everyone. This analysis is solely for educational purposes Kind regards, ETGL TEAM 💛
OANDA:XAUUSDShort
by Eleventgl
2
Sterling yawns after BoE hikeThe British pound is slightly lower in Friday trading. It has been an excellent week for GBP/USD, which has gained 1.26%. If the pound can maintain these gains during the day, it will mark the currency's best weekly showing since December 2020. As was widely predicted, the BoE raised rates by 0.25% at Thursday's meeting. This brings the key rate 0.50% and was the first back-to-back rate hike since 2004. This didn't make much of an impression on the markets, as the pound rose only slightly after the meeting. What was surprising about the decision was that four of the nine MPC members voted to raise rates by 0.50%, which would have marked the biggest rate hike by the BoE in over 25 years. The large minority shows just how hawkish the BoE has become in recent months. Governor Andrew Bailey stated that the markets should not assume that the BoE planned a series of rate hikes, but it's questionable whether investors will pay close attention to his message. Bailey has a credibility problem after surprising the markets with his rate decisions late last year, and the tight 5-4 vote at the meeting shows significant dissension with regard to BoE monetary policy. The US nonfarm payroll report will be released later today. The report is often the highlight of the trading week, but this time around the markets are more focused on interest rate guidance and next week's US inflation report. The ADP employment report showed a massive loss of jobs, at -301 thousand. This was the sharpest decline since April 2020, when the Covid pandemic started. The markets aren't bracing for a repeat from the NFP, but expectations are low, with a consensus of 150 thousand. GBP/USD faces resistance at 1.3648 and 1.3740 There is support at 1.3522 and 1.3440
by OANDA
XAUUSD - KOG REPORT - NFP!This is our view for NFP today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’re going to start with what we mentioned in the KOG report on Sunday where we said we would be looking for support during the course of the week and then for the price to push up towards the higher resistance levels where we would be looking to short the market. During the course of the week we hope you can see we’ve kept members in the right way of the market even though our bias is bearish on Gold. So lets look at what the market has done in preparation for NFP. As we’ve said they will swoop the low for liquidity before bringing it back up towards the 1810-12 level and settle the price for the release. This has all happened this week! Now looking at the chart we can see we’re settling above previous supply which would suggest the price can target the higher resistance levels. The KOG report suggest the 1808-12 level for the first short 1820 and the 1824-7 level for the next attempt at the short trade. For NFP we’ll give you two scenarios. Scenario 1: If the price comes down to hit the 1804-6 support level and finds support this could represent a good opportunity to long the market in to the immediate resistance levels above of 1816, 1820-22 and above that 1827-32. Please note, if there is no support at the mentioned level its likely we will continue down testing and potentially breaking the 1797-5 support region. A strong resistance at the levels above however could be an opportunity to short the market back down into the lower support regions and potentially lower. We have a KOG target of 1770 which we wanted to see achieved this week but we’re not holding out for it, especially during an event like NFP! Level to level trading please. Scenario 2: If the price pushes down from here we will be looking at the lower support regions of 1777 and below that 1770. We’re not interested in the 1797-5 level as support anymore and would rather miss the opportunity to long the market at that levels. We feel the lower support regions will represent a good opportunity to long the market but only into the immediate resistance level above which would be 1785 and above the 1795-7. Hope this helps members. Even with our bearish view on Gold we’ve managed to keep you in the right direction as always, taking shorts and longs this week into the levels and targets we’ve mentioned. We would like to see how this NFP plays out and where the market closes today to confirm our view for the rest of the month of February. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
15
NFT Trade USDCADI will be placing this order on USDCAD today, it seems logical to me. Due to NFP, risk will be reduced dramatically. This is my only trade of the day, good luck traders. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER : Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
7
EXPECT THE UNEXPECTED [NFP]Dear traders, There we go. Another crazy NFP day. As you can see from my markup, I'm expecting a short from the 4H OB where the price is currently at. Also, the price is respecting the trend line. One thing to note: That long bearish wick, which has been initiated by yesterday's news, penetrated the TL and came back to close bullish. The same thing can happen with NFP. Expect unexpected. Crazy moves are about to happen. Therefore, take your time to analyze everything and most importantly manage your risk properly. NEVER OVERLEVERAGE. DISCIPLINE Strive for patience, perseverance, determination, & rational action. Limit your losses, use stops. Never cancel a stop loss order after you have placed it! It's just an idea of mine. However, everyone can share their thoughts in the comment section below. Also, don't forget to support me! :) Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice. Always plan your trade and trade your plan.
OANDA:XAUUSDShort
by d13wish
DXY still bullish above 94.60TGIF all, I wanted to share my opinions to the chart of DXY . I see DXY still successfully produces lower highs while finding supports on 9 months old (blue) trendline. In my opinion, DXY is still bullish above 94.60. We observed a correction lately on DXY from the 97.5 levels. Demand to dollar increased due to the expected rate hikes of Fed but the price already discounted the hike probabilities. Now we have to watch carefully of the upcoming NFP data while observing the Omicron cases. Be careful! If the layoffs are high, there may be a jump on average wages . Have a good weekend!
TVC:DXY
by gorkemaydogan