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Gold Surges After U.S. Inflation Data | New perspective In this week’s analysis, we dive into Gold's 1% surge following U.S. inflation data, which has sparked fresh uncertainty over inflation trends and boosted demand for safe-haven assets. The Consumer Price Index rose by 0.2% last month, while bullish PPI figures suggest the Fed could be on track for interest rate cuts in 2024.
With escalating geopolitical tensions, could Gold rally beyond $3,000 before year-end?
XAUUSD Technical Overview:
This week, we’re zeroing in on the critical $2,660 zone. If Gold stays above this level, bulls may maintain control, potentially pushing prices to new highs. However, if Gold dips below, bears could force a pullback toward the descending channel’s support line.
📌 Stay tuned as we navigate the next big moves in the Gold market!
#GoldMarket #XAUUSD #InflationData #FederalReserve #SafeHavenAssets #Geopolitics #MarketAnalysis📺🔔💼
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Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
TRADE UPDATE: AUD/USD, GBP/USD, GBP/JPY WINS!!!Today's update is a big win! We've successfully closed profitable trades on AUD/USD, GBP/USD, and GBP/JPY. These victories are a testament to our rigorous analysis and disciplined trading strategy. Keep an eye on these pairs as we continue to capitalize on market opportunities and make progress towards our Prop Firm Challenge goals.
CHFJPY FORECASTThis pair is looking promising due to price nature and structures. When we look from the higher time frame everything is looking good, however that is not only thing that will make us to enter this position. We better wait for the confirmation so that we reduce risk of the trade and the good thing is, the market always communicate before going.
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Bitcoin Breakout or Pullback Zone Before Heading Higher? In this video we examine the current Bitcoin chart at resistance.
Most likely, we retrace here for a bit and then push higher into the next resistance zone of around $70k and possibly to retest the previous ATH zone @72k - 74k.
Lots of sell pressure at the previous ATH which can also be seen on the Total Market Cap, using our Order Block Detector.
Not much happening now and until we can find the money flow and volume to push up.
Many people likely waiting for the election on Nov 5th, which coincides with the market cycle low according to our Market Cycle models (based on Hurst's research).
Let me know your thoughts below, and please like the video.
- Brett
GBPJPY Continued To Range. What's Next?Last week we didn't get much movement from GJ. Price continued to range so my initial bias is going to be neutral starting this week. Price is currently at a QP 195 so GJ still has my attention.
Key Res around 195.98
Key Sup around 189.59
I will try to update as we get more development...
Nike - Catch this reversal!NYSE:NKE continues its overall uptrend despite the recent drop of -60% to the downside.
All you need in order to catch the reversal of the decade is simply one line: a support trendline. Nike is currently approaching a support trendline, which has been sending prices higher for the past 30 years. Just this fact alone makes me believe that we will see (much) higher prices on Nike over the next couple of weeks and months, but we still need bullish confirmation first!
Levels to watch: $70
Keep your long term vision,
Philip - BasicTrading
Dogecoin - This Leads To Two Digits!Dogecoin ( CRYPTO:DOGEUSD ) will hit two digits soon:
Click chart above to see the detailed analysis👆🏻
It is the third time that Dogecoin is creating the same pattern. A couple of months ago Dogecoin broke out of a symmetrical triangle pattern and is now retesting previous horizontal structure. After we see bullish confirmation on the smaller timeframes, the next parabolic rally will start.
Levels to watch: $0,12
Keep your long term vision,
Philip (BasicTrading)
XAUUSDXAUUSD,gold came to 2684-2686 all-time high and respected it , but line chart flose of 3hrs candle shows a break and a retest which could send price tanking at 2677-2678 level. on technical and from structure we have many sell other at 2686 level, so correction could knock off some daily gain and push selling to our demand floor.
GOLD is bullish on demand floor meaning it can trigger buy at any given demand level.
but if buying gets extreme it could spike into 2700-2714.
a more extreme buy will be in 2730 and above where we have our supply roof that complete impulse leg.
Review and plan for 17th October 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
Positional trading ideas included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT