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Gold tends to increase slightlyGold prices have had a difficult week due to the negative impact of the rising US dollar (USD) and climbing US bond yields. Gold prices are expected to end the week at the lowest price in 6.5 months and continue to face many challenges as the US Federal Reserve (Fed) maintains a restrictive monetary policy. The decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %. Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no plans to lower interest rates anytime soon. Meanwhile, the expected increase in interest rates has lost the appeal of holding gold, which does not bring yield. Christopher Vecchio, head of Futures and Forex at Tastylive.com, said gold prices could fall as low as $1,800 an ounce, but also noted that as the economy weakens, gold prices could become Long-term buying opportunity. OANDA:XAUUSD BUY 1844-1842 ✔️TP : 1848 ✔️TP : 1852 ⚠️SL : 1840
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold is growing againThis morning, world gold prices continued to decline with spot gold down 11.4 USD to 1,864.8 USD/ounce. Gold futures last traded at 1,882.3 USD/ounce, down 8.6 USD compared to yesterday morning. Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since March. However, , an optimistic market analyst said that any short-term weakness should not change the long-term bullish outlook for the precious metal. Ole Hansen, commodity strategist at Saxo Bank, said that, with the 10-year bond yield currently trading near a new 16-year high at 4.6% and the US Dollar Index holding at the highest level in nearly a year (above 106 points), gold's sell-off should have happened sooner. He added that, even after Wednesday's sell-off, gold prices remained relatively strong. OANDA:XAUUSD BUY 1861 - 1863 ✔️✔️ ✔️TP1: 1866 ✔️TP2: 1870 ❌SL: 1855
OANDA:XAUUSDLong
by FalCol_TradingMaster
The return of goldThis morning, world gold prices continued to decline with spot gold down 11.4 USD to 1,864.8 USD/ounce. Gold futures last traded at 1,882.3 USD/ounce, down 8.6 USD compared to yesterday morning. Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since March. However, , an optimistic market analyst said that any short-term weakness should not change the long-term bullish outlook for the precious metal. Ole Hansen, commodity strategist at Saxo Bank, said that, with the 10-year bond yield currently trading near a new 16-year high at 4.6% and the US Dollar Index holding at the highest level in nearly a year (above 106 points), gold's sell-off should have happened sooner. He added that, even after Wednesday's sell-off, gold prices remained relatively strong. TVC:GOLD BUY 1861- 1863💎 ✔️TP : 1866 ✔️TP : 1870 ⚠️SL : 1855
TVC:GOLDLong
by FalCol_TradingMaster
CPRT Copart Options Ahead of EarningsA small leg up before the Head and Shoulders bearish Chart Pattern gets completed. Analyzing the options chain and the chart patterns of CPRT Copart prior to the earnings report this week, I would consider purchasing the 45usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.72. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:CPRTLong
by TopgOptions
DNA Ginkgo Bioworks Holdings Options Ahead of EarningsIf you haven`t bought DNA here: Then analyzing the options chain and the chart patterns of DNA Ginkgo Bioworks Holdings prior to the earnings report this week, I would consider purchasing the $2.50 strike price Calls with an expiration date of 2023-12-15, for a premium of approximately $0.32. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:DNALong
by TopgOptions
MDB MongoDB Options Ahead of EarningsIf you haven`t bought MDB here: Then analyzing the options chain and the chart patterns of MDB MongoDB prior to the earnings report this week, I would consider purchasing the 400usd strike price in the money Puts with an expiration date of 2023-9-1, for a premium of approximately $35.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:MDBShort
by TopgOptions
CRM Salesforce Options Ahead of EarningsIf you haven`t sold CRM here: or reentered here: Then analyzing the options chain and the chart patterns of CRM Salesforce prior to the earnings report this week, I would consider purchasing the 210usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $8.75. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:CRMShort
by TopgOptions
3
HPE Hewlett Packard Enterprise Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of HPE Hewlett Packard Enterprise Company prior to the earnings report this week, I would consider purchasing the 16usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $1.00. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:HPEShort
by TopgOptions
IQ iQIYI Options Ahead of EarningsIf you haven`t bought the speculative Double Top here: Then analyzing the options chain and the chart patterns of IQ iQIYI prior to the earnings report this week, I would consider purchasing the 5.50usd strike price in the money Puts with an expiration date of 2023-9-29, for a premium of approximately $0.60. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:IQShort
by TopgOptions
USDJPY Bearish Trend with entry setup!On USD/JPY, I've identified a bullish structure that was breached on Friday during the London session. Additionally, the price has started forming a strong bearish trendline supported by the price at the 146 level. Furthermore, the price has broken a swing low at the 145.60 level, establishing a key zone, namely a supply zone, where I'll be looking for a short trade entry point. This zone has a range of 60 pips, ranging from 145.60 to 146.20. For this trade, the stop will be placed above the swing high at the 143.38 level, while the target is set at the nearest swing low or demand level, specifically at the 144.72 level, resulting in a trade risk-reward ratio of 1:1.3. Let me know your thoughts, give it a like, and leave a comment. Happy trading, everyone!
Short
by Forex48_TradingAcademy
10