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GOLD SELLDear ZTraders, High Inflation (Than expected) and a Weaker Dollar: High inflation erodes the purchasing power of a currency. When inflation is high, the real value of money decreases. Central banks often respond to high inflation by implementing measures to control it. These measures may include raising interest rates to reduce spending and cool down the economy. Higher interest rates can make the currency more attractive to investors seeking better returns. However, in the short term, higher interest rates can also slow down economic activity and reduce the demand for the currency. As a result, a higher interest rate environment, initially meant to strengthen the currency, can lead to concerns about economic growth. Investors may react by selling the currency, causing it to weaken. A weaker U.S. dollar makes gold less expensive for holders of other currencies. Gold is often seen as a hedge against currency depreciation, so during periods of a weakening dollar, there might be increased demand for gold. In summary: High Inflation: Can lead to measures such as higher interest rates to control inflation. Higher Interest Rates: Initially intended to strengthen the currency, but concerns about economic growth may lead to a weaker currency. Weaker Dollar: Makes gold more attractive to investors in other currencies, potentially creating buying pressure on gold.
OANDA:XAUUSDShort
by ZILATRADES
Gold- Bulls are holding strong As anticipated, XauUsd dropped below the 2020 mark yesterday. However, the price lacked continuation and rebounded from the 2012 zone, which is now serving as a support level. As of the current moment, the price of Gold has returned to its familiar range, hovering around 2025. Looking ahead, a break above 2030 would finally confirm that a low is in place and could potentially expose the 2065 resistance zone. This breakout would mark a significant shift in the market dynamics, potentially indicating further upward momentum for Gold. Traders should closely monitor price movements around these key levels for potential trading opportunities and trend developments.
OANDA:XAUUSDLong
by Mihai_Iacob
3
Gold- Break of support looks imminentOANDA:XAUUSD spent all of last week trading within a range between 2040 and 2020. As I explained in my analysis last Friday, as long as this range remains intact, we cannot determine a direction for the medium term. At the time of writing, the price is precisely on the support level. However, considering the price action from Friday and so far today, it seems likely that we will experience a downside break. If this occurs, my target is the important support level at 1980.
OANDA:XAUUSDShort
by Mihai_Iacob
5
Altcoins- New strong leg up?Since mid-October, Alts have shown significant upward momentum, experiencing an impressive average gain of approximately 70%. However, as their combined market cap soared above 500 billion dollars, a predictable correction ensued, with alts retracing around 20% of their gains. This correction stabilized around the 440 billion mark before initiating a bullish reversal. As of now, the current price hovers precisely at a short-term resistance level. A breakthrough above this critical horizontal and psychological threshold at 500 billion could catalyze a fresh upward surge in altcoin prices. The projected target stands at 620 billion, representing an average increase of 25%. Notably, certain alts are expected to outperform this average, with some potentially experiencing gains exceeding 100%.
CRYPTOCAP:TOTAL3Long
by Mihai_Iacob
2
EURUSD → Day Analysis | BUY SetupHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
Gold- Important levels to watch for swing tradersIn yesterday's post, I mentioned that as long as the price of OANDA:XAUUSD remains below the recent high, I am bearish. Indeed, initially, the price dropped, reaching a local minimum in 2020, only to aggressively reverse and close the day back above 2030. This prompted me to close my short position at break even and adopt a wait-and-see attitude. As I write this post, the price is approximately around yesterday's closing value, and market conditions remain uncertain. Although I usually have a preferred scenario, at this moment, both the bullish and bearish scenarios are equally probable, and we have two reference levels to consider. Bearish scenario: A drop below yesterday's minimum opens the door to the yearly minimum and, in extension, towards the 1980 area, which represents an important technical support. Bullish scenario: A rise above 2040 opens the door to 2065, an important resistance level, and further towards 2080. As long as the price remains within the 2020-2040 range, the best thing for a swing trader is to stay out of the market.
OANDA:XAUUSD
by Mihai_Iacob
5
Silver- Genuine reversal?Two days ago, I said that OANDA:XAGUSD is trading in important support and, in the eventuality of a break, the price could fall further and could drop to the next important support level. However, after flirting with 22.20-22.30 zone support, the price reversed strongly yesterday, leaving a large Bullish Engulfing candle on our chart. This price development could represent a sign of reversal and we could have continuation to the upside. As long as the horizontal support stays intact, buying dips is my preferred strategy with a target at the next important zone at 23.30-23.40
OANDA:XAGUSDLong
by Mihai_Iacob
Gold- Bearish under yesterday's highIn my comment from yesterday, I argued that even if the price managed to break above the 2030 interim resistance, my outlook remains bearish. During the trading day, bulls failed once again at the peaks and were unable to keep the price above 2040. The rise from the 2015 zone is corrective in nature, and when considering the formation of a small head and shoulders pattern over the past two days, we may anticipate a continuation to the downside. Confirmation, as explained yesterday, comes with a break below 2030. In such an instance, the focus shifts to the year's low and potentially extends to 1980. As long as the price remains below yesterday's high, selling rallies is my preferred strategy.
OANDA:XAUUSDShort
by Mihai_Iacob
EurJpy to rise 500 pipsAfter reaching a recent low in the 153 zone at the beginning of the year, EurJpy began to ascend. By mid-January, it successfully surpassed the 158 resistance and surged upward, reaching a peak at 162. A normal correction ensued, confirming the establishment of a new support level at 158. Yesterday, the pair made a higher low, and the current price is breaking above short-term resistance. I anticipate a continuation of the upward trend, with EurJpy potentially reaching 165 in the medium term. The viability of this bullish scenario is contingent upon the pair avoiding a break below 158.
Long
by Mihai_Iacob
Gold- Bears (and me) need the price back under 2030In yesterday's post, I mentioned my expectation for the price of OANDA:XAUUSD to continue its descent and test the year's lows around the 2005 zone. After an initial drop from the 2030 resistance, as anticipated, Gold broke above this level and reached a high of 2038. Currently, my trade is experiencing a 30-pip loss, and despite being above the interim resistance levels at the time of writing, I maintain my bearish outlook and anticipate the price to retrace back below 2030. Technically, based on the chart analysis, 2030 now acts as confluence support. My target zone remains around 2000, with potential expansion down to 1980. Negation of this bearish scenario would occur with a daily close above the 2040 zone.
OANDA:XAUUSDShort
by Mihai_Iacob
8
Lingrid | GOLD Weekly Market OUTLOOKThe month of January can be described by one picture below. In general, the price of OANDA:XAUUSD was very choppy. It fluctuated back and forth throughout the month. In terms of months, January closed in a bearish mood. We can see that the price action formed an inside bar pattern. However, on the weekly timeframe, we see a fake-out of the inside bar. The bears took liquidity at the two-week highs and pushed the price lower, but it did not go lower and pulled back from support. After the news on Friday, the price fell below the previous two-day lows and bounced back. Overall, I expect the market to continue to fluctuate as it has not yet broken out of the range zone. Given that the CAPITALCOM:DXY has reached a resistance zone, we can expect some pullback from it, which will be reflected in gold. Although it has moved out of the range boundaries, this could turn out to be a false breakout. On the 4H timeframe we have a big bearish candle which stopped falling at 2030 level. There was a similar movement at the beginning of January - a strong fall and a pullback, which turned into a sideways movement. Pay attention to the 2030 and 2050 levels as the price narrows between these levels. Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment
OANDA:XAUUSDLong
by Lingrid
23
Silver could break under supportSince the start of December 2023, OANDA:XAGUSD has been clearly trending downward, establishing lower highs on our chart and pressing in the 22.00-22.15 support zone. However, despite yesterday's positive performance for OANDA:XAUUSD , Silver remained largely unchanged, further reinforcing this bearish outlook. The overall structure maintains its bearish trajectory as long as the price remains below the 23 zone. Regarding targets, the support at the 21 zone presents a favorable risk-to-reward ratio if we choose to sell rallies above 22.50.
OANDA:XAGUSDShort
by Mihai_Iacob
Bitcoin- Consolidation with bearish implicationsAfter the recent dip to the 38k zone two weeks ago, BITSTAMP:BTCUSD began to rise and reached the 44k resistance level. However, the upward movement appears to be corrective in nature, and the consolidation over the past week suggests bearish implications, raising the possibility of a lower high forming at 44k. The short-term support is situated around the 42k zone, and a break below this support could trigger a new downward movement. As long as the resistance at 44,000-44,500 remains intact, my focus remains on a drop towards the 36k zone.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
13
Gold- I'm waiting for clarificationLast week, OANDA:XAUUSD moved like a headless chicken, with spikes up and down but not managing to decide either way. From a technical standpoint, we have a strong resistance around 2060 and support between in 2025-2030 zone. After Friday's strong reversal from resistance, the odds are in favor of a down break, but as the title says, I am waiting for a clear signal. A daily close under 2025 would put pressure on the down side and expose 1980 support.
OANDA:XAUUSD
by Mihai_Iacob
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t bought the dip on DIS before the previous earnings: Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week, I would consider purchasing the 95usd strike price Puts with an expiration date of 2024-4-19, for a premium of approximately $3.45. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:DISShort
by TopgOptions
Bitcoin- 36k zone remains my targetIn my previous Bitcoin analysis, I argued that, in my opinion, the correction for BITSTAMP:BTCUSD was not yet over, and we could potentially witness a drop to the 36k zone. Since then, the price dipped below the 40k zone and rebounded back to almost 44k. However, this rebound exhibits a corrective structure, resembling a bearish flag, suggesting that a new downward leg could follow. In conclusion, as long as the 45k level remains intact, selling rallies could prove to be a sound strategy with favorable risk-reward potential.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
17