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Gold: What does it mean for the Russia-Ukraine conflictFundamental View: After a long six months or more, gold finally broke through the trendline resistance and climbed to the previous high. Last week, a large number of days of significant trendline resistance erupted at the same time. During the previous two years, the Coronavirus has been a source of concern, and gold prices were supported. As we have seen in recent months, the US economic data have been perfect, and the Federal Reserve will hike interest rates beginning in April. So, why isn't the price of gold dropping as a result? This is something that those who follow fundamental analysis have come to grasp by now. Increasing demand for gold as a safe haven is mainly due to the Russia-Ukraine situation, which brought with it the inflation problem is still present, and to the coronavirus problem, which has been supporting the gold price for the past two years. In general, the rise in the price of gold was expected and expected. The question now is whether or not Russia will attack Ukraine. And what, exactly, will be the outcome? Only China and some countries are supporting Russia in Ukraine issues but the entire European and American community is not. President Biden and Russian President Vladimir Putin chatted on the phone for more than an hour on Saturday. As predicted, we have not yet received any additional information. America is also posing a threat to Russia. If Russia attacks Ukraine, the United States will first take will impose tough economic sanctions on the country. As a result, it may have been forced to dig into its vast gold reserves to keep its currency stable. As a result, I'm being extra cautious in that regard. And it will help gold prices to go higher. On the other hand, oil and gas prices are expected to surge. This would significantly shock inflation expectations in the United States and Europe, resulting in rates rising aggressively and bonds collapsing. As a result, gold is considered a safe refuge. On a technical level, because gold has broken free of trendline resistance and surged to its previous high, it is now widely accepted that the metal is headed for a long-term buy. However, even if we study the market technically, we must first determine why gold breached the trend line in the first place; if this problem is resolved, the market will remain in its current form, but it will continue. We must not forget this. However, as long as the problem is still present, as long as the issue continues to exist, we can put it in bye mode at each breakout session, if necessary. However, what should consider the news. Technical View: The present $1853/1845 is identified as trendline support as gold price breaks and stabilizes above the previous trendline resistance. So, as long as the gold price is above the trendline resistance, gold will be considered an uptrend. The first target to the upside is the $1870/1875price zone (previous swing high zone). Breaking above $1875 will open the door for the $1900/1915 rice zone. On the other hand, if the gold price breaks below the trendline support again and below $1845, it may test its trendline support level of $1815/1810 price zone again.
TVC:GOLD
by Gold_Trading_Expert
2
Price Action Lesson: The Basics of How to Read Price Part 2Hey Guys! As you guys know the current NZD/USD daily bias is short. Or in other words, price is likely to reach 0.6591 before reaching 0.6731. So on my last post, I mentioned I took a short entry at 0.6722 with a stop loss at 0.6591 with its main target at 0.6591 for the time being. In this Price action lesson, I just wanted to briefly explain how I read price in order to take the short entry yesterday. Moreover, why I was able to take the short position "comfortably" even though price pulled back to 3 pips to the stop loss level. That's it! Have a great day guys! Ken Disclaimer: This is not Personal Financial Advice.
Education
by TradingForexPriceAction
1
Price Action Lesson: The Basics of How to Read PriceHey Guys! Just wanted to put up a quick Price Action Lesson on How to Read Price. I demonstrate this foundational element of reading price with a current eurjpy short trade I'm currently in. The Key point of the lesson is simply: Directional movement of price is irrelevant when it comes to reading price. What's important is "How Price Gets from Point A to Point B". So even if price moves up, if there is no signs of strength in the same direction, that move up will be unsustainable. Moreover, this foundational way of looking at price movement is what allows a trader to always be one step ahead of the market and thus not chase the market. Ok! I hope this helps guys! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Education
by TradingForexPriceAction
1
Gold short term buy and long term sell. Do you know why?Fundamental View: Yesterday, the US labor market published its inflation data. Inflation reached its highest level in the United States in forty years. It caused panic and high volatility during yesterday's American session when the CPI report was released. The yield on US Treasury bonds thus pressured the currency, stock, commodity, and metal markets to rise when the report was released. CPI rose by 0.6% in January after rising by about 0.4% in December, and the annual index over the past 12 months rose to 7.5% from 7% in December, the highest pace since 1981, better than expectations. It indicated an increase to 7.3%, while the annual core index rose to 6% from 5.5% (expectations 5.6%). US futures expectations, according to the CME FedWatch tool, increased by 50 basis points in the March meeting to more than 80% this morning, Friday, after it was below 20% before the inflation figures, which explains the vital movements of the US dollar and stocks during the session. The President of the US Federal Reserve in St. Louis, James Bullard, supports raising the US Federal Reserve by half a point in the March meeting and reaching 1% by July supported the expectations of the markets and futures contracts well. The US dollar, in its first reaction, rose more than 0.50% after the inflation figures, to test 96 levels, before retreating strongly in a wave of profit-taking that did not last long before returning and regaining the 96 levels in the Asian session, and is now trading at 95.95 levels. Gold also traded in a fluctuating range between the initial reaction and the profit-taking wave before settling on a decline and is now trading at levels of $1828, after testing its highest level in two weeks at $1841.50. Gold's current sentiment: Gold's current sentiment is positive. We have seen even positive NFP, and overall the US labor market report couldn't get down the gold price. BOE's rate hike also didn't hurt gold. Yesterday, CPI printed positive, which also didn't down the gold price against the USD. We know from our experience any central bank's favorable rates hurt gold and bitcoin prices. But this economic theory didn't happen with gold and bitcoin prices this time. These are happening because of covid and higher inflation that causes economic growth slowdown and political crises worldwide. Yemeni Houthi is threatening UAE, and on the other hand, Russia has a chance to attack Ukraine. Gold is a haven asset and works best against inflation. As a result, investors don't like to take risks to bet on other assets. Technical View: Yesterday, gold spiked down after the CPI report was released and tested nearly $1821 price zone. But the selling pressure was short-lived, and the gold price spiked up again nearly $1841.50 within a few minutes. Technically its positive bias has not finished yet, and there is some more room to go upside of gold price. Immediately resistance is at the $1830 price zone from the present rate. Breaking above $1830, the next target is yesterday's high $1841.50, and the final target to the upside is the $1847 price zone. On the other hand, there is a trendline resistance at$1847/1850 price zone. As long as the market is below $1850, there still have chances to drop. If the gold price only breaks above the $1855 price zone, we can buy long-term. At the same time, as long as gold won't drop below $1815, there will still have chances to go upside. If the gold price breaks below $1815, the next target to the downside is $1800, and the final target to the downside is the $1790/1785 price zone.
TVC:GOLD
by Gold_Trading_Expert
1
Gold Forecast: It's all about the inflation report today. Gold's Fundamental View: Gold has been rising in a row for seven days. Currently, the gold price is hovering nearly $1830/1835 price zone ahead of the inflation report. Today's inflation is significant, and investors are cautious ahead of the critical data today. Based on today's inflation report, FED will clarify how many times and how much they will hike their rates. If inflation rises more than expected and forecasted, FED will be more aggressive and will hike rates very often. It will be bad for the gold price, and gold can drop nearly the $1800 price zone. On the other hand, if CPI (inflation) reports print negative than forecast today, FED won't hike their rates 50BP. Moreover, they can hike the 25BS rate. 25BP rate already priced in. So, it will benefit the gold p [rice and gold may initially test 1845/1850 price zone. Gold's current sentiment: Gold's current sentiment is positive. We have seen even positive NFP, and overall the U.S labor market report couldn't get down the gold price. BOE's rate hike also didn't hurt gold. We know from our experience any major bank's favorable rates hurt gold and bitcoin prices. But this economic theory didn't happen with gold and bitcoin prices this time. These are happening because of covid and higher inflation that causes economic growth slowdown and political crises worldwide. Yemeni Houthi is threatening UAE, and on the other hand, Russia has a chance to attack Ukraine. Gold is a haven asset and works best against inflation. As a result, investors don't like to take risks to bet on other assets. XAUUSD Technical View: Technically, gold has been stuck in a triangle for a long time. Gold dropped from trendline resistance to its trendline support four times. Gold's triangle is getting narrow. So very soon, we will see a clear breakout. From the present price zone, immediate resistance is $1837, and trendline resistance is $1847/1850. So, technically gold has some more room to go up. But as long as gold cannot break above its trendline resistance, it can't carry its uptrend for the long term. And today's inflation is one of the most significant catalysts to break out trendline resistance if CPI reports drop hard. 1855/1860 is a no trading zone. Anything can happen between 1855/1860. If gold price can break and stabilize above $1860 price, it will confirm break out trendline resistance and triangle. So, Breaking and stabilizing above $1860, we will go for a long-term buy. The first target to the upside is $1975. We may see a minor correction from the $1975 to nearly $1845/1850 price zone. At $1845/50 we may buy again till $1900/1915 price zone. On the other hand, if inflation rise today, gold may initially drop to the $1820 price zone. Breaking below $1820 will open the door for more drops till the $1802/1795 price zone.
CAPITALCOM:GOLD
by Gold_Trading_Expert
UPDATE: XAU/USD Shorts still validIn my previous analysis I stated where I expected the correction to hit $1825.00 and we did just that and then some. I also shared that we should not rush to place any shorts as we need the market to shift from an intraday bullish to bearish. This decision is the key separator between winners and losers. Currently we are seeing a potential ending diagonal playing out, which is also a confirmation of the short analysis. As always your feedback and thoughts are welcome. Let's discuss in the comments Signed; Samore
FX_IDC:XAUUSDShort
by wavefxacademy
DOGE , Buy or Sell ? Dodge Coin has long been in a downtrend and is trapped in a downtrend It does not seem to be able to break the midline of the channel this time (it is unlikely in this bear market!) The next level of Dodge support is between 0.06 - 0.08 and it is expected that by testing this level , the trend will change and the price will be thrown All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help . 📊 #Dogeusdt ( Doge Coin ) 💹 Time Frame : Daily 🔵 Personal Opinion : SHORT 👤 Saeid.Mahbob 📅 02.06.2022
Short
by SaeidMahbob
15