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Today's gold price must be the gold priceToday, gold is trending upwards in the discounted zone. So what reasons could push the price of gold higher in this environment? Currently, the price is trading around $2026 with little change compared to yesterday's trading session, highlighting a 0.05% increase for the day. On the other hand, the Federal Reserve released the minutes of their January meeting, reassuring market participants that the Fed is in no hurry to cut interest rates in the near future. Given the current picture, it would not be surprising if the previous breakout zone is soon retested before any short-term price momentum occurs.
OANDA:XAUUSDLong
by TradingForecast_Signals
GBPUSD: Will there be another price drop?Hello dear friends, Today GBPUSD continues its sideways movement as the price quickly dropped to a support level but recovered swiftly. At the time of writing, the price is trading at 1.2617, up 0.15% for the day. From an analysis perspective, it can be observed that in the short term, there is a high probability that the price will quickly decrease to the designated level as it remains below the exponential moving average EMA 34. Currently, GBPUSD is operating near the resistance level of 1.2650, with immediate support at 1.2530. Breaking below this support level will open up the opportunity for further price decline for this currency pair towards lower levels at 1.2500 and 1.2400 as shown on the 1D analysis chart.
Short
by TradingForecast_Signals
Gold waits for a breakthroughDear friend, what do you think about the trend of Gold? Today, the price of gold is at its highest level in many days, reaching $2,030 before the Fed's minutes. The US dollar remains weak against the interest rate of the US Treasury, despite the gloomy risk sentiment. My target after a slight decline in the gold price towards the support level of $2019 (which coincides with the convergence of EMA 34 and 89) will be an increase with a target of $2031, followed by a breakthrough and reaching the final target of $2044. What are your thoughts? Good luck with your trading!
OANDA:XAUUSD
by TradingForecast_Signals
USDJPY: New trend strategyDear friend, today we have an idea about trading this major currency pair. Currently, USDJPY continues to trade in a downward trend, and the range around 150.30 and 150.50 continues to serve as a psychological barrier for the upward movement of this currency pair. Specifically, concerns about intervention have strengthened the JPY, although uncertainty about the BoJ's monetary policy has limited the increase. Traders are looking at the FOMC minutes for signals about the Fed's interest rate cut trajectory and new momentum. The price target is set at 149.40 in the short term. What do you think, do you agree with me?
Short
by TradingForecast_Signals
BANK NIFTY INTRADAY LEVELS FOR 22/02/2024BUY ABOVE - 47130 SL - 47000 TARGETS - 47360,47600,47750 SELL BELOW - 46900 SL - 47130 TARGETS - 46700,46500,46300 NO TRADE ZONE - 46900 to 47360 Previous Day High - 47360 Previous Day Low - 46900 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
2
NIFTY INTRADAY LEVELS FOR 22/02/2024BUY ABOVE - 22120 SL - 22070 TARGETS - 22170,22250,22300 SELL BELOW - 22020 SL - 22070 TARGETS - 21960,21890,21850 NO TRADE ZONE - 22020 to 22120 Previous Day High - 22250 Previous Day Low - 22020 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY 50 Analysis For Feb 21st!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 21st, There Are Total of one Support Zones Which You Need To Look And To Be Mentioned One Grey Area And We Have one Imbalance Zone! The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue Arrow Path Showing The Direction of The NIFTY 50 For That Day. Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
S&P 500 INTRADAY LEVELS FOR 21/02/2024 BUY ABOVE - 4980 SL - 4968 TARGETS - 4992,5000,5008 SELL BELOW - 4968 SL - 4980 TARGETS - 4958,4948,4940 NO TRADE ZONE - 4968 to 4980 Previous Day High - 4992 Previous Day Low - 4958 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
SP:SPX
by Jagadheesh_JP
Overview of world goldDear friends, Today, gold ended the trading session with a significant price increase. This precious metal is currently trading at $2027, highlighting a 0.18% increase for the day. You may wonder why the price has risen so sharply. Regarding international market information: The US dollar is influenced by increasing speculation that the Federal Reserve (Fed) will maintain high interest rates for a longer period. Therefore, the potential for gold price increases could be generated from a depreciation of the USD if Fed officials are hesitant to cut interest rates. Outcome: This precious metal will be driven by strong demand from central banks and economic downturns. From this, it can be argued that it has the potential to reach new record levels by the end of 2024. Regarding technical analysis and gold price predictions in the near future: The exponential moving average (EMA) continues to support an upward trend. It has surpassed the price resistance levels around $2015 and $2010, indicating that in the short term, it may soon retrace to this breakout zone before resuming its upward movement. Currently, gold is operating near the $2030 price resistance level, with $2040 being a psychological level. Breaking above this resistance level will open up opportunities for price increases in this precious metal.
OANDA:XAUUSDLong
by TradingForecast_Signals
XAUUSD Shorts! > 1970Despite some bullish movements at current levels that fall short of impressing, a cautious negative perspective is still in place. Such market dynamics frequently arise around important levels, leading to the speculative claim that a market top may be approaching soon. However, care is required, therefore extremely tight stop-loss orders are placed in relation to possible rewards. There might be a big move of about 450–1000 pip, and even though there are brief periods of positive activity, I believe the bias is still towards the negative. While there's still the possibility of the asset reaching new all-time highs (ATH), it's anticipated that a preliminary dip towards the 2010 region may occur. This could draw buy orders and provide new impetus, hence setting our first take-profit (TP1) at that level. Failure to find buyers at TP1 could lead to a further decline towards the next objective at 1970. Given the critical nature of the market's current state, ongoing analysis is imperative to adapt to any shifts in sentiment swiftly. Remember to conduct thorough due diligence (DD) and stay informed!
SAXO:XAUUSDShort
by FroggyFX
CNXFINANCE, FINNIFTY Analysis For Feb 20th!Hello Traders, Here is a Brief Overview About The Analysis of FINNIFTY For Feb 20th, There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 3 Imbalance Zones! Important Level To Be Mentioned : 20600, If it Crosses It's Trending Otherwise, Downside OR Consolidate a Bit. The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue And Red Arrow Path Showing The Direction of The FINNIFTY For Tomorrow. Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:CNXFINANCELong
by SuccessStrikes
1
Gold moves to an important areaHello traders, gold prices today continue to recover 5 USD and move around $ 2022 as the day yesterday. The upward trend is being formed and the immediate resistance level we see will be 2027. It will be a rather sensitive level because the gold has decreased sharply from the last time it reaches that level. Therefore, if gold successfully overcame this level of increasing chance to open more for precious metals, on the other hand, the USD 2000 will still be able to check again at the present time.
OANDA:XAUUSD
by Antonia_Le
BTCUSDT : Suddenly turned around!BTCUSDT is currently trading around the $43,333 mark and is embarking on a short to medium-term upward trajectory. As a result, BTCUSDT has completely broken out of the parallel downtrend channel as the bullish side successfully countered the downward pressure near the psychological level of $40,000. Currently, BTCUSDT is showing slight signs of retracement, but the technical outlook still leans towards an upward trend as it has successfully breached two resistance levels at $41,700 and $43,100, thereby establishing them as new support levels for the recovery journey.
Long
by TradingForecast_Signals
8
What's changed in gold price today?Hello everyone. To start off today's trading session, the price of gold is still within a downward trend, trading around $2016 at the time of writing, with no significant fluctuations compared to yesterday's trading session. Gold prices are benefiting from the decline of the US dollar and the escalating tensions in the Middle East. In the short term, the gold market may see an increase in prices as the Chinese market reopens and traders anticipate higher gold prices in the near future.
OANDA:XAUUSDLong
by TradingForecast_Signals
USDJPY: Opens up many possibilities for price increasesHello dear friends, do you think USDJPY will rise or fall this week? On our chart today, it is clear that this currency pair is showing a distinct downward corrective wave, with the current price fluctuating around 149.90 and marking a 0.18% decrease for the day. From a technical standpoint: Despite the current decline, the upward trend still holds dominance as USDPY successfully broke the resistance level at 149.00. If the price retests this broken resistance level and accepts it as a new support level for the current short-term upward momentum, there is a possibility that the bull side will open up multiple buying opportunities if the Fed continues to extend the duration of interest rate cuts in the near future.
Long
by TradingForecast_Signals
EURUSD: Up or down?Dear friends, at the beginning of this week's gold trading session, EURUSD indicates a new recovery level after the previous closing session. The short-term outlook still suggests the possibility of a EURUSD price decline. At the time of writing, the price is trading steadily around 1.0781, up 0.08% for the day. Meanwhile, the US dollar has weakened amidst thin trading during the holiday period and ahead of the Fed Minutes on Wednesday. The next focus will be on the monthly report from the Bundesbank in Germany. Therefore, it would not be surprising if we remain quite optimistic that EURUSD will not stop here but move towards new breakthroughs, with the support level at 1.0600 being closely observed by the bearish camp. A price increase at this time will still likely encounter the resistance level of 1.0900, thereby opening up many opportunities for sellers.
Short
by TradingForecast_Signals
EURUSD: Breakout causes price declineHello everyone, EUR/USD continues its downward trend and is still being hindered below the 1.0800 level. Currently, the price is trading in a bullish recovery trend with the aim of correcting the previous sharp decline, but it is still limited below the EMA 34 moving average technical indicator, which is at 1.07750. In the current scenario, I expect EUR/USD to retest the resistance level mentioned above before any selling pressure occurs. My target is 1.0740, followed by 1.0720.
Short
by TradingForecast_Signals
GBPUSD today ( 20/02 ) On the GBPUSD market today, the GBPUSD pair continues to have a recovery disadvantage when the DXY index is more stable and partly puts pressure on this pair of money. Currently, GBPUSD is fluctuating around 1,258 and on the trend 1D chart, it seems that it is still in the reduction with the empty momentum and the cross -moving movement is dominating. I expect this pair of money to continue to decrease at least 1,240 after it goes out of support of 1,253 as marked on the analytical chart.
by Antonia_Le
How should EURUSD be traded today?Greetings EURUSD traders! How do you foresee the movement of the EURUSD pair today? With the markets closed for the holiday on Monday, EURUSD remained relatively stable, primarily oscillating around the 1.076 level. The overarching trend still appears to favor the bears, with prices firmly entrenched within a descending channel and lacking the momentum to break free from this pattern. Given the current scenario, I am inclined to anticipate a continuation of the downtrend for EURUSD. My target is set at 1.070. What are your projections for this currency pair?
by Antonia_Le