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Gold short-term rise does not reduce the pressure of the FEDGold in the past week! The news of the Wall Street Journal and the possible intervention of the yen at the end of the week caused great fluctuations in the market and caused the gold market to turn green. The market is looking for clues about these fluctuations to make sure, it has the power to join these fluctuations or the news. The Wall Street Journal reported that some members of the Federal Reserve are considering slowing the pace of rate hikes after November as volatility and uncertainty grip financial markets. Therefore, many traders thought that it was the end of the Federal Reserve. This week’s calendar is full of important news. First, we have the meeting of the central bank of Canada ahead of which the markets expect an increase in interest rates, but there is a difference of opinion about the amount of this increase. Meanwhile, in Europe, a 0.75% increase by the European Central Bank is almost certain and now the emphasis is on the press conference. Finally, we come to the Bank of Japan, where all experts believe that there is currently no plan to increase interest rates. Considering the upward momentum of gold and the intervention of the Central Bank of Japan in the promissory note market, it is possible that we will continue to see growth in gold, but we do not suggest that you follow the gold market in order to buy. We are not yet at the end of the contractionary policy cycle and this could keep pressure on gold. The short-term rise of gold does not reduce the pressure of the Federal Reserve in the market. Although gold is at attractive prices, making it an attractive long-term buy, it will remain bearish in the short term as banks pursue monetary tightening policies and the Federal Reserve is not yet ready to turn around its policies, which supports the US dollar and will put pressure on gold. Big traders think of buying gold only when there is no more pressure from the Federal Reserve and the growth of the dollar, and the first signs of this should be followed by successive reductions in inflation. $1670 and $1680 is string resistance and $1620 is your support area
OANDA:XAUUSDShort
by Alisabbaghi
EURAUD Short trade ideaEURO looking weak across the board with multiple crosses having the identical move, we currently seeing a pull back from the long term daily downtrend. Around the area of 1.53 price has magnetized to this level a few times before, we have seen a major break through this level from been a nice support to now been rejected as a resistance area. Price also lines up with a nice 61% fib retracement so ill be taking short trades if price rejects this area once again.
Short
by jamison_fx
ATOS: Selling rallies as lower prices are expectedATOS - Intraday - We look to Sell at 38.73 (stop at 41.72) The medium term bias remains bearish. Trading within a Bearish Channel formation. A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation. The formation has a measured move target of 30.61. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 38.73, resulting in improved risk/reward. Our profit targets will be 30.60 and 28.00 Resistance: 38.74 / 41.13 / 47.16 Support: 36.40 / 36.00 / 34.62 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:ATOShort
by Saxo
BTCUSDT Trade IdeaHello traders! Here is my trade idea for BTC, After it breaks the short-term trendline we will see a drop again. The reason why I am expecting is that we can see a perfect retracement of 0.618% Fibonacci level and the Market was supposed to drop to a negative -0.618% Fibonacci level but it turned back earlier. So a touch to -0.618% is still pending and once it touches -0.618% we have another trade where it will retrace back to 0.382% to our entry and will drop to 0.382%. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
8
GOLD/ XAUUSD - Triangle Pattern Opportunity to buy & sell within the triangle pattern. Since this is the higher timeframe chart; - there is a possibility that the trend will break the support zone without going up. - or it will drop from the significant resistant before reaching to the supply zone/ sell zone. - if the price is going to downtrend for longterm, then there is a high possibility that it will touch-down at the sell zone's supply before it started to moving down. Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
FX:XAUUSD
by AkuPaPoRex