MOB long idea 55% gains dont miss hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Signalsfree
GOLD : Gold has not yet successfully tested support at $2,021After testing the 2021 support zone, gold increased slightly and then returned to the 2021 zone again.
The 10-year US government bond yield has now increased above the psychological level of 4.0%, which has helped the US dollar increase sharply compared to most other currencies. This also caused a strong impact on XAU/USD as the gold price fell more than 1.25% in just one day.
In addition, the USD's upward momentum was also reinforced by the market's reassessment of the interest rate outlook after Fed Governor Christopher Waller said that policymakers will not rush to cut interest rates until there is a clear signs that inflation can be maintained at a low level. In addition, with the US economy still maintaining a good level, the Fed may not loosen monetary policy significantly this year.
Gold fell sharply on Tuesday, and is now approaching the 50-day SMA around $2,010. If buyers fail to hold this support, the bearish momentum will increase and bring the price back to the $1,990 threshold, and beyond to $1,975.
Conversely, if the buyers return and create a bullish reversal, the first resistance will be at the $2,045-2,050 zone. The price may have difficulty overcoming this resistance zone. However, if buyers succeed in overcoming resistance, it will open up the potential for a rally to the December peak at $2,085.
XAUUSD : Buyers are gradually regaining their positionGold fell below $2,025 in the European session after being sold off on Tuesday.
XAU/USD is under pressure as the USD moves higher amid escalating geopolitical risks in the Middle East and reduced market expectations for a sharp Fed rate cut in 2024.
On frame D1, selling pressure increased sharply after sellers successfully tested the 21-day MA support at 2,046 USD. The bearish momentum continued to strengthen after XAU/USD closed Tuesday's session under Symmetrical Triangle support near $2,031, with the RSI remaining below 40 and slightly down.
Immediate support to watch is the 50-day MA at $2,021, with the next target at $2,010. If these areas are successfully tested, gold will be sold off to the $2,000 area.
On the contrary, for gold to recover, the first target for buyers is Symmetrical Triangle support near $2,033, then $2,046 (21-day MA and Triangle resistance). mentioned above) and the 2,050 USD mark.
XAUUSD : Gold buyers are gradually weakening.With the USD returning to upward momentum recently, gold prices have witnessed a slight correction to important support zones.
World gold prices fluctuated strongly on Tuesday when the USD recovered, due to increased US government bond yields. However, geopolitical tensions in the Middle East are a factor helping to stop the decline of gold. Currently, the price has returned to trendline support around $2,030, which is an important level that buyers need to hold to limit gold's further decline.
Gold is under selling pressure as the USD increases thanks to the recovery in US government bond yields across all terms.
Immediate support to watch is at $2,027, with the next target being the 50-day MA at $2,020. If Gold does not break through this support, it is likely that gold will find the resistance level of 2047. Buyers will regain their position after yesterday's decline.
EurUsd- Will it break support and dive to 1.0750?Last week, I held a bullish stance on Eur/Usd, anticipating a breakthrough above the crucial 1.1 resistance level. Unfortunately, the pair's inability to surpass this significant threshold led me to close my trade at breakeven, prompting a decision to adopt a wait-and-see approach for further clarification.
Examining the recent price action, it appears that my patience might be rewarded with a clearer picture emerging. Currently, my perspective has shifted to bearish.
The chart illustrates that Eur/Usd is struggling to breach the 1.1 mark and instead continues to decline to support around 1.0920.
This inability to surpass 1.1 and dropping to support after touching this level, signifies weakness, raising the likelihood of a downward move below the support level.
In such a scenario, the pair could experience an acceleration in losses, with the next notable target standing at the critical support level of 1.0750.
XAUUSD: The gold market will be affected by Middle East politicsWorld gold prices increased slightly as geopolitical tensions risked prolonging and the market raised the valuation of the Fed to cut interest rates.
World gold prices continue to increase thanks to escalating geopolitical tensions in the Middle East and the risk of prolongation. With the conflict in Ukraine and the US economy showing signs of decline through the recent PPI index, the safe-haven appeal of gold continues to be exploited. Gold is currently approaching a sizable resistance level at $2,050 and this level could limit gold's upward momentum for the time being. Currently, gold is moving around $2,052.
Coming up this week, the market will receive many important news, including the Fed's Beige Book, US retail sales and some speeches by Fed officials.
KEY KeyCorp Options Ahead of EarningsIf you haven`t sold KEY here:
Then analyzing the options chain and the chart patterns of KEY KeyCorp prior to the earnings report this week,
I would consider purchasing the 16usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $0.78.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
XAUUSD : Gold prices and worries about geopolitical instabilityWith the war situation in the Middle East continuously escalating, gold prices may continue to increase next week.
In the past week, although the gold price had a downward adjustment after the US CPI data was released, the price immediately rebounded after the USD weakened because the market continued to expect the Fed to cut reduce interest rates next March. In addition, escalating geopolitical tensions in the Middle East have also contributed to the increase in gold prices.
Gold experienced a steady rise near the weekend thanks to geopolitical tensions and weakness in the US dollar. The coordinated attack between the US and UK on the Houthi rebels in Yemen in recent days has made the market concerned that the war situation may gradually get worse.
In addition, US government bond yields have also decreased slightly over the past month as the market continues to expect the Fed will cut interest rates in the near future. According to CME Fed Watch, traders are expecting the Fed to reduce interest rates by a total of 150 bps this year with the first reduction starting in March. This has caused the 2-year US government bond to fall to 4.15 % from a multi-year record high of 5.26% in October 2023.
XAUUSD : Gold adjusted down after the US CPI reportWorld gold prices are currently recovering after a decline as the US CPI reported data was stronger than expected and the unemployment benefit claims data missed estimates, which could delay the Fed's decision to cut interest rates. in the current period and will affect precious metals. After falling to $2,014, gold is now recovering to $2,034.
The market will soon receive the release of US PPI data along with a speech by Minneapolis Fed President Neel Kashkar.
Although gold prices have continued to decline, the downward momentum has gradually weakened, enough to create a bullish candle on the daily chart. Currently, precious metals are still supported by expectations of Fed interest rate cuts and the weakening of US government bond yields. Along with that is the appeal of a safe haven asset when geopolitical instability is escalating.
XAUUSD : The entire market is focused on the US inflation reportGold increased slightly thanks to DXY's decline after a few recovery sessions. The market held its breath waiting for the US inflation report at the end of the day.
During the January 10 session, world gold prices decreased slightly and stabilized as investors waited for the US inflation report. DXY's slight decline after a few recovery sessions could help gold rise again today. Gold is still a popular asset in the context of high world inflation and Middle East geopolitical tensions. Gold is currently recovering to $2,028 after falling to $2,024 yesterday.
On frame D1, the 100-day MA increased above the 200-day MA last Friday, confirming the uptrend of gold. However, the RSI is currently flat and close to 50, showing that the upward momentum is weakening. If the recovery consolidates, immediate resistance to watch will be the 21-day MA at $2,045, followed by Friday's session high at $2,054 and the $2,100 mark.
On the contrary, sellers may look towards the $2,015 area, with the 50-day MA and Monday's session bottom. A successful test of this support could extend the downward momentum towards the $2,000 mark.
XAUUSD : US inflation report will boost market trendWhile the US central bank turned more cautious at its December meeting, markets ignored this and overpriced a cut for a still resilient economy. strengthening and inflation remains high.
To better understand the Fed's next moves, traders should keep an eye on the US economic calendar this week, paying particular attention to the December CPI report on Thursday morning.
Although core inflation is expected to have cooled last month, headline inflation is seen recovering, rising from 3.1% to 3.2%, which is not good for policymakers and certainly will negatively impact market psychology.
For gold prices to regain upward momentum in the near future, the latest US CPI data needs to show signs that prices are gradually stabilizing. Otherwise, the Fed may continue to delay its interest rate reduction cycle.
In the event of an unexpected increase in inflation reports, the market may raise the valuation of interest rate increases, causing government bond yields to skyrocket. Gold could experience stronger downward corrections in the coming days and weeks.
Gold continued to decline on Tuesday after slipping below the key support zone at $2,050 - $2,045 last week. Sustaining prices below this zone could reinforce bearish pressure, pushing gold to its 50-day SMA near $2,010, then to $1,990.
On the other hand, if the buyers return, resistance will appear at $2,045-$2,050. A break above this level could push the price to $2,085, and then to its highest peak on record.
GBPUSD is trending upAfter a four-day consecutive correction from the high point of $2,088 on December 28th, gold prices saw a slight increase on Thursday, reaching above $2,050. This indicates that the correction signal for a larger uptrend still receives some support, as technical studies in the daily chart remain in the main bullish trend. Gold continues to benefit from the widespread expectation that the Fed will begin cutting interest rates in 2024, as well as signals suggesting a potential economic slowdown in the US this year.
However, due to the minutes of the meeting showing significant uncertainty about the prospect of a Fed rate cut, the expectations for an early rate cut in March have gradually diminished. This has created resistance to further upward movement in gold prices and made the downside risks more fragile.
Bulls need to break the key resistance between $2,052 and $2,058 to initiate new bullish momentum and achieve a stronger recovery. Breaking this range, bulls will face strong resistance at $2,063-$2,066 to strengthen the bullish structure and attempt to break above $2,100 again.
However, as the New York session progresses, a series of data releases have not supported this structure, increasing the risk of further downside for gold prices. In this context, the fragility of gold prices needs to adjust downward until testing the upward trend support at $2,009. In terms of trading strategy, it is recommended to go short at highs.
TLRY Tilray Brands Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TLRY Tilray Brands prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2024-1-26,
for a premium of approximately $0.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GBPUSD H2 / STRATEGY RESPECTED, LONG TRADE ACTIVE ✅Hello Traders!
As you can see, GBPUSD reacted from FVG, and now I expect an increase until the price of 1.28100.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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AUD/NZD GOOD SALES AREAWe are in a good sales area in this pair, we can enter the market in areas close to 1.07552📈📈
success to all, visit my profile in Spanish to see the other operations✅ 😄📲
Success to all!
XAUUSD: Gold price decreased slightly after FOMC meeting minutesDuring the January 3 session, world gold prices decreased slightly mainly due to the increase in the USD. The latest FOMC meeting minutes show that the Fed will not rush to loosen interest rates, prolonging gold's decline. However, gold's initial increase will be maintained when the US interest rate cut plan is expected to be carried out this year and geopolitical tensions increase.
Tomorrow, the market will receive the US employment report, this data can create fluctuations in gold prices as this report will help the market evaluate the economy. Currently, gold is recovering slightly to $2,042.
The SPDR Gold Shares fund on January 3 continued the decline from yesterday when the fund's holdings slid to 874.21 tons.
Technical analysis shows that GOLD is likely to declineGold prices did not fluctuate much last Friday, basically oscillating around 2065, with an amplitude of $16, and finally closed with a Doji Star with long upper and lower shadows. It was a continuous trend from last Thursday. Recently, with the lack of crucial data and speeches, gold prices' volatility has fallen. The Red Sea situation continued to heat up last Saturday, and with the influence of geopolitics, gold prices could be supported. However, with optimistic rate-cut expectations to be adjusted, the overall gold price lacks direction, so it will mainly fluctuate!
Looking at the technical chart, the current gold price is still under pressure in the resistance area of 2075-2080, which also indicates that gold prices do not have the momentum to break through that range in the short term. Judging from the 1-hour chart, the MACD golden cross began to widen, so a rebound can be seen at the hourly level. Investors need to watch for resistance near the MA60 around 2073. However, the MACD death cross in the 4-hour chart began to widen. It is estimated that gold has limited room for a rebound during the day. At the same time, the bearish divergence in the daily chart is prominent,so we do not recommend medium-term bullish investors buy gold now. Today, aggressive traders can still buy low and sell high in the range of 2055-2073.
GBP/USD tends to increase when it meets supportThe GBPUSD has been forming an upward structure with higher highs after breaking above a key downtrend line in early November. Although the GBPUSD's uptrend came to a temporary halt at the four-month high level of 1.2826, the completion of the golden cross between the 50- and 200-day SMAs is expected to provide upside momentum.
However, during the European session on Tuesday, the GBPUSD fell sharply during the day as the USD rose sharply and formed a death cross downward structure in the 4H timeframe, potentially creating more uncertainty for the GBPUSD in the near term.
Now, we believe that as long as Wave 4 of the "upward impulse waves" structure has not been broken, the end of the "upward impulse waves" is still worth looking forward to.
Given that the short-term oscillators are continuing to provide cautiously positive signals, the bulls may try to eliminate the latest weakness and overcome the December resistance at the 1.2794 level. A break above this resistance could open the door to a four-month peak at 1.2826. If it fails to stay here, the GBPUSD could move towards the June high of 1.2847 until it reaches the 1.2900 level.
On the other hand, if the GBPUSD reverses lower, several previous support levels at 1.2642 and 1.2612 could now become the initial line of defense. A break below that bottom could see the price fall to recent support at 1.2611, or even lower, with upward Wave 4 1.2500 likely to provide a correction.
Overall, risks remain cautiously tilted to the upside in the near term, even though the GBPUSD rally appears to be losing its momentum. To change this situation, the price cannot go below a series of key supports or the uptrend will be reversed. It is recommended to buy the dips.
EUR/USD is trending downAs all investors anticipate for the upcoming Non Farm Payroll on Friday, the Dollar gains its strength on the 2nd day of 2024. Trading at 102.10, the US Dollar experienced a significant increase, indicating a noteworthy uptrend in the index. This upward shift can be attributed to market anticipation for guidance and investors turning to the USD as a safe haven in anticipation of key labor market reports scheduled for release later this week.
The economic calendar will be packed with news releases starting on Wednesday, at 23:00 (GMT +8), we have the U.S. ISM Manufacturing PMI (Dec) and U.S. JOLTS Job Openings (SA) (Nov). Besides that, there will be a short FOMC Meeting coming up, it is something to look forward to as the Fed has been mentioning that rate cuts is around the corner, we could hear some dovish or hawkish comments coming up that would determine the Dollar direction for this week.
EUR/USD was trending up aggressively until it got rejected by a strong resistance level at price 1.11392. It has also broken out of the short term uptrend support zone which indicates EUR/USD could be in a short term downtrend which is why I am interested in looking for shorts for short term. Besides that, one of the reason I am looking for shorts is we have a huge imbalance to be filled . The imbalance will be my take profit target for the shorts.
Technical analysis shows that XAUUSD is likely to declineGold prices did not fluctuate much last Friday, basically oscillating around 2065, with an amplitude of $16, and finally closed with a Doji Star with long upper and lower shadows. It was a continuous trend from last Thursday. Recently, with the lack of crucial data and speeches, gold prices' volatility has fallen. The Red Sea situation continued to heat up last Saturday, and with the influence of geopolitics, gold prices could be supported. However, with optimistic rate-cut expectations to be adjusted, the overall gold price lacks direction, so it will mainly fluctuate!
Looking at the technical chart, the current gold price is still under pressure in the resistance area of 2075-2080, which also indicates that gold prices do not have the momentum to break through that range in the short term. Judging from the 1-hour chart, the MACD golden cross began to widen, so a rebound can be seen at the hourly level. Investors need to watch for resistance near the MA60 around 2073. However, the MACD death cross in the 4-hour chart began to widen. It is estimated that gold has limited room for a rebound during the day. At the same time, the bearish divergence in the daily chart is prominent,so we do not recommend medium-term bullish investors buy gold now. Today, aggressive traders can still buy low and sell high in the range of 2055-2073.
XAUUSD is likely to fall when it encounters resistanceThere were moderate movements during yesterday's Asian session and gold fluctuated slightly up from $2067. During the US trading session, gold quickly increased in price along with the depreciation of the USD and surpassed the resistance zone, once reaching 2084 USD. Finally, gold closed the daily chart on a positive note to post its fifth consecutive gain, showing a clear bullish trend. This is how trends work. Once it is formed, it will not change anytime soon and you will be taking a big risk if you act against the trend. However, it will depend on your trading cycle. For day trading, both bears and bulls have opportunities, and price and timing will be important.
Currently, gold has hit previous resistance at $2070-$2075, which should become significant support for today's trade. If gold fails to fall below that range, it will reach new highs or even reach $2,100. In the 1H chart, a golden cross is expanding and it is away from the overbought zone, indicating more upside space. However, the MACD shows major pullback risks in the 4H and daily charts, and bearish divergence appears to be increasing. Therefore, investors who maintain an optimistic view in the medium term should not follow the current uptrend. Today, the trading range will be from $2070 to $2047, with aggressive investors advised to buy low and sell high.
GBPUSD is trending upSupported by positive market sentiment, GBPUSD rose above 1.2800 on Thursday and settled at the 61.8% Fibonacci retracement level at 1.2740 (from July 14 high of 1.3142). to an October 4 low of 1.2037). The rising 20-day exponential moving average (EMA) is placed at 1.2670, projecting continued upside support for the British pound.
The relative strength index (RSI) has risen above 60. The sustained work on these technologies will trigger strengthening, the target gem completing the "upward impulse waves" at 1.3000.
On the downside, activity below minor support at 1.2698 could cause trading sentiment to return to neutral. However, if free support at 1.2499 is maintained to prevent a downturn, further recovery phases remain beneficial.
From a broader perspective, the action starting from the midpoint at 1.3141 is seen as a corrective pattern from the upside at 1.0351. Move up from 1.2036 is considered the second in progress (of this pattern). The upside is expected to be limited at 1.3141 to form the third component. At the same time, support functioning beyond 1.2499 would indicate the start of the third part of the uptrend. In terms of trading, buying at low prices is the recommended strategy.
EURUSD is likely to increase when it bottoms againEUR/USD just hit a high, breaking through the 1.1020 and 1.1101 hurdles to reach 1.1121—a five-month high and up 0.72%. But it's the holiday season and the low trading climate can make things unpredictable. It's likely we will see a temporary spike in rates and then a drop below 1.10 as things return to normal. If you're thinking of selling, keep a close eye on any signs of change. Our next challenge? Resistance level 1.125—notice how the market behaves around that level. Once things stabilize and normal trading begins, we will get a clearer picture. We may be correcting back to the broken resistance level and we may have an opportunity to buy EURUSD at a discount targeting the resistance zone.
