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Gold Price Analysis July 10Fundamental Analysis Gold (XAU/USD) traded negative for the fourth consecutive day on Monday, despite no follow-through selling, remaining confined within a familiar range that has held for the past week or so amid mixed fundamental signals. Friday’s upbeat US jobs report dashed market expectations for more aggressive easing by the Federal Reserve, helping the US Dollar (USD) rise to near seven-week highs and weighing on the non-yielding yellow metal. In addition, the underlying bullish tone across global equity markets further undermined safe-haven Gold. However, any meaningful corrective pullback remains elusive amid persistent geopolitical risks stemming from ongoing conflicts in the Middle East, which tend to favor the precious metal. Traders may also want to wait for the FOMC meeting minutes to be released this Wednesday and the US consumer inflation data on Thursday. Technical analysis Gold has bounced strongly from the session support zone of 2640. At the moment, the trading range of gold is relatively wide and the NF has not been able to help gold form a new specific trend. In the h4 or h2 time frame, the trading range is clearly seen at 2635 and 2670. When this range is broken, the price will form a new trend. Besides, we pay attention to the areas that are prone to fake 2625 and 2685.
OANDA:XAUUSD
by TVS-Trader
EURUSD Analysis Week 41🌐Fundamental Analysis Fundamental Analysis EUR/USD fell below the psychological support level of 1.1000 in New York trading on Friday. The major currency weakened as an upbeat US (US) Non-Farm Payrolls (NFP) report for September underpinned the US dollar (USD). The US Dollar Index (DXY), which tracks the greenback against six major currencies, surged above 102.50. Following the Fed's decision to cut interest rates, comments from Fed Chair Jerome Powell and his colleagues have indicated that the central bank is more focused on reviving job growth amid confidence that price pressures are on track to return to the bank's 2% target. The US NFP report shows that the number of people seeking employment rose unexpectedly last month. The strong hiring numbers have forced traders to cut market expectations for another big rate cut from the Federal Reserve (Fed) in November. 🕯Technical Analysis Like the GBPUSD margin is being limited on the bearish main H4 candle. The immediate margin for the first days of next week is 1,102-1,095. Any bullish signs early in the week create buying opportunities and signals will be updated soon. The resistance zone that EURUSD is very respectful of at the moment is 1.107 where price, despite breaking out, has retested the previous day's zone when it fell to the present time. The two-month low of 1.090 will help EURUSD escape the prolonged slide of the past week. 📈📉Trading Signals BUY EURUSD zone 1.090-1.088 Stoploss 1.086 SELL EURUSD zone 1.107-1.109 Stoploss 1.111
by TVS-Trader
World gold prices decreased despite the decline in the USD index 💎 Middle East situation: If a military conflict occurs, it is likely that Russia and China will intervene, because they have declared their side to protect Iran. This could push gold prices up sharply due to safe haven demand. 📈 Technically, after yesterday's breakout session, gold's upward momentum has returned, so the main trend of gold price in the near future is still going up. ⚡️ Trading strategy: Buy Limit orders around two areas 262x and 264x. Take profit (TP): around the first zone 2645, the second zone at 2665-2670 or higher depending on developments. Stop loss (SL): below 6 price level for each pending order. ⚠️ Note: Need to closely monitor reactions from the NONFARM report and the geopolitical situation, especially if any tensions escalate in the Middle East, which could cause major fluctuations in gold prices.
OANDA:XAUUSDLong
by FalCol_TradingMaster
USD/CHF Recovers Inside Demand Zone, Fed Rate Cuts LoomIn the early European session on Monday, USD/CHF was trading at 0.8429, with the price sitting inside a key demand area. The pair is showing signs of recovery after a two-day losing streak, but its upside potential could be capped due to increasing market expectations for further aggressive rate cuts by the US Federal Reserve (Fed). Investors will closely watch comments from Fed Chair Jerome Powell and Governor Michelle Bowman later today for additional insights into the Fed’s next moves. From a technical perspective, the USD/CHF pair remains in a demand zone, which could provide support for a possible bullish move. The Commitment of Traders (COT) report reveals that retail traders are still largely bearish on the pair, while institutional investors—often referred to as "smart money"—have switched to long positions over the past week. This shift suggests a potential bullish impulse may unfold in the short term. On the fundamental side, the slowing Personal Consumption Expenditures (PCE) Price Index inflation data for August has fueled expectations that the Fed will maintain a rapid pace of rate cuts as inflationary pressures ease closer to its 2% target. This dovish stance could weaken the US Dollar (USD) in the near future, making USD/CHF's upside limited. The CME FedWatch Tool indicates a nearly 54% probability of a half-point rate cut in November, with a 46% chance of a smaller quarter-point reduction. Given these factors, traders should remain cautious but open to the possibility of a short-term bullish move for USD/CHF. The combination of technical demand zone support and shifting smart money positions suggests the potential for a recovery, though macroeconomic events and rate cut expectations may temper this momentum. ✅ Please share your thoughts about USD/CHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
12
Bitcoin scenarios updateDue to the supply of Bitcoin liquidity in the support area of ​​the previous day and the downward range within which it is located, we are still in the bearish market structure in the 4-hour and 1-hour time frames, and it is possible to enter a sell position with confirmation in the specified areas, and this confirmation can be taken in the time frame of 5 minutes with the formation of QM, but direct entry in this area is risky because we are being rejected from the 4-hour level.
Short
by MrHunterTradeInsight
1
Gold Price Analysis October 4Fundamental Analysis Gold (XAU/USD) attracted some buyers on Friday and rose to $2,668, or the top of its weekly range heading into the European session. The US dollar (USD) eased slightly from a one-month high hit on Thursday and now appears to have stalled this week’s decent recovery from its lowest since July 2023. This, coupled with geopolitical risks stemming from ongoing conflicts in the Middle East, turned out to be the main factors driving some haven flows into the precious metal. That said, the diminishing likelihood of a more aggressive Federal Reserve (Fed) easing policy should help limit any meaningful decline in the USD and limit upside for non-yielding Gold. Traders may also prefer to wait for the closely watched US monthly employment data release before positioning for the next leg of a directional move. However, XAU/USD remains close to the all-time highs reached last week and the fundamental backdrop appears to be tilted heavily towards bullish traders. Technical Analysis Gold has responded to technical support on the trendline and is likely to trade within a narrow range pending NFP. 2671 and 2643 remain key areas to watch before price moves towards today’s SELL entry around 2678-2680 and BUY entry around 2635 and 2633. Now if price fails to break the key area like 2670 before mid-European session, we may sell ahead of the NF news and try to hold the position to the support areas.
OANDA:XAUUSD
by TVS-Trader
2
Gold Price Analysis October 3Fundamental Analysis The US dollar (USD) extended its recovery from its lowest level since July 2023 and advanced to a three-week high amid fading prospects of more aggressive easing by the Federal Reserve (Fed). This, in turn, was seen as a major factor undermining demand for the non-yielding yellow metal, although continued tensions in the Middle East helped limit losses. Iran launched more than 200 ballistic missiles at Israel on Tuesday, while Israel conducted a precision airstrike and bombed the center of Beirut in Lebanon early Thursday. This raised the risk of a full-blown war in the region and dampened investor appetite for riskier assets, which was reflected in the generally weaker tone in equity markets and acted as a boost to safe-haven gold prices. The US economic agenda on Thursday could provide some impetus for XAU/USD, although the focus will still be on the US Non-Farm Payrolls (NFP) report on Friday. Technical Analysis Technically, the trading range is still maintained around the 2643 and 2671 areas. There is no strong movement yet, gold is still having difficulty breaking out of this price range. The main BUY SELL entry that we are waiting for is still in the 2683-2685 and 2624-2622 areas. There is a small resistance in the 2645 - 2642 area, stoploss is placed at 2640 only. This resistance is a bit thin, move gently. Resistance 2636 - 2635 stoploss 2630 catch up a beat before the US session. Wait until the US, the margin is further, if the price falls, you can only catch it at 2622 - 2620, stoploss 2616. Break point 2664, then wait for 2672 - 2674 to sell lightly again, stoploss 2678 Sell point 2683 - 2685, stoploss 2689 Round resistance 2690 is not expected much but note here to pay attention to how it is. Focus on the 2700 area.
OANDA:XAUUSD
by TVS-Trader
2
EW Breakdown of USDCHF: Eyeing a Move Toward 0.8620Timeframe: 4h (240 min) I have analyzed the wave count by examining a consolidation area with significant trading activity following a sharp decline in USDCHF. Observing the slope of the fall, it appears that this congestion area could represent a correction on the 4-hour timeframe. The wave count indicates that wave B has formed a contracting triangle, with wave (e) of wave B completing at 0.8396 . We are at wave (C), which has can be move forward after breaching a strong resistance of 0.85154 . The currency may have some pullback for the public participation, but it shouldn't exceed the low of wave B. The setup can be formed after the breakout of wave B, for the distance up to 0.8618 . Fibonacci Calculations are given below: Wave C = 1.618 of Wave A Wave C = 0.786 of the previous impulse Wave C = 1.618 of the previous impulse Additional information will be provided shortly.
by Trade-Technique
Bitcoin Drops Dock Workers Strike Key Support Levels to WatchToday marks the start of the dock worker strike, which isn't great news for the stock market, and as a result, we're seeing Bitcoin drop significantly. I don't think the strike will last too long maybe around two weeks or so but we'll have to wait and see. It's important to be cautious in the stock market during this period. Currently, Bitcoin is finding support at $60,100.00. If it weren’t for the strike, I’d say this is a solid level for a potential bounce, but due to the current situation, I’m a bit more cautious. Let's see if Bitcoin holds this support or breaks through it. If it does break, the next support level is $58,600, though it's not as strong. Alright, everyone, please hit the like button, and if you have any questions, drop them in the comments below. Have a great day!
GEMINI:BTCUSD
by CryptocurrencyWatchGroup
Gold Analysis October 1Fundamental Analysis Wall Street traded mixed as Federal Reserve Chairman Jerome Powell delivered remarks at the 66th NABE Annual Meeting. Powell ruled out a 50 basis point (bps) interest rate cut at any of the central bank’s remaining policy meetings. Powell said there would be two more 25-bps cuts by 2024 if the economy performs as expected. The greenback, as measured by the US Dollar Index (DXY), rose 0.15% to 100.56, a drag on the non-yielding metal. A light economic calendar in the US saw the Chicago PMI improve for a third straight month but remain in recessionary territory. Geopolitical tensions remained high after Israel attacked Hezbollah headquarters in Lebanon, killing the group’s leader in the attack. While this warrants further gains for gold, bullion has failed to gain traction, analysts say. Meanwhile, China’s economy remains sluggish, which has prompted a government response. The People’s Bank of China (PBoC) is implementing additional economic stimulus measures, which has stimulated money flows into the country’s soaring stock market. Technical Analysis A short-term bearish channel is in place, as long as gold remains below the 2643 zone, the downtrend is likely to continue and extend to the 2600 round harbor. Watch for price reaction zones for BUY signals in the 2626-2615-2604 zone. In case of a trend break, the uptrend is limited by the immediate resistance zone 2656. Trading signals BUY GOLD zone 2626-2624 Stoploss 2625 BUY GOLD zone 2615-2613 Stoploss 2609 BUY GOLD zone 2604-2602 Stoploss 2599 SELL GOLD zone 2656-2658 Stoploss 2671 SELL GOLD zone 2643-2645 Stoploss 2649
OANDA:XAUUSD
by TVS-Trader
NZD/JPY Short, AUD/JPY Short and CAD/CHF ShortNZD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. CAD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
1
Positional Trade Idea:UBLThe chart of United Breweries Ltd (UBL) shows that the stock is testing a key resistance zone around ₹2,180. With consistent higher highs, it suggests a bullish momentum, but a breakout above this resistance is crucial for further gains. Positional Trade Idea: Entry: Buy on a breakout above ₹2,200 with volume confirmation. Target: ₹2,400+ on successful breakout. Stop Loss: Below ₹2,070 (last week's low) to manage risk. Monitor the stock for a clear breakout, as it could lead to a strong uptrend continuation.
NSE:UBLLong
by RajputAmarjit
BTCUSD: Key Levels and Projections Based on Elliott WavesBTCUSD has formed a corrective pattern on the daily timeframe, identified as a W-X-Y structure with seven distinct waves. The price found support at the 200 EMA, reaching a low of 49,577 before bouncing back. The sub-waves within this structure are clearly visible, with wave (1) and wave (2) completing at 62,729 and 52,546 respectively. Currently, BTCUSD is encountering strong resistance at the upper boundary of the corrective channel, posing a significant challenge for bullish momentum. Although wave (3) has managed to rise above wave (1), it has not yet confirmed a strong bullish breakout. To establish a decisive upward move, wave (3) needs to hold above wave B and breach the upper boundary of the channel. The breakout can help the price to get 100% of the whole correction. Failure to break out of this resistance zone could result in the corrective structure extending into an X-Z formation, leading to a prolonged consolidation phase. This would suggest more time is needed for the pattern to play out, causing frustration for traders looking for a clear bullish trend. We will provide further updates to our followers soon. - Trade technique by KP
BITSTAMP:BTCUSD
by Trade-Technique
1
GBPUSD analysis week 40Fundamental Analysis According to CME Group’s FedWatch Tool, the market is currently pricing in a more than 75% chance of the Federal Reserve cutting interest rates by another 50 basis points in November. In addition, weaker US macroeconomic data on Tuesday, coupled with the prevailing risk-on environment, further undermined the safe-haven dollar and confirmed the positive near-term outlook for GBP/USD. Going forward, there is no market-relevant economic data due out of the UK on Wednesday. However, a scheduled speech by BoE MPC Member Megan Greene could influence GBP and provide some impetus to the GBP/USD pair. Later in the early North American session, US New Home Sales data could contribute to short-term trading opportunities. Technical Analysis GBPUSD’s trading range has remained largely unchanged over the past week. With little technical movement we still see the pair in a solid range of 1.323 and 2.349. In the short term we can see that the immediate support zone has been raised after the price reacted strongly at 1.331 and the resistance level forming a triple top around 1.342 has been established. The GBPUSD direction could continue the correction early next week and reach the yearly record around 1.350 in the near term. Trading signals SELL GBPUSD zone 1.349-1.351 Stoploss 1.353 BUY GBPUSD zone 1.323-1.321 Stoploss 1.319
by TVS-Trader
1