Tradingforex
Asian session gold trading marginHello traders. 2605-2623 becomes the first border zone of the port. These are two important session port zones. When the price comes, we can trade and consider exiting the order before CPI. Besides, the price zone 15-17 is also paying attention to scalping. Wish everyone a successful transaction.
EUR/JPY Short, GBP/NZD Short and USD/CHF ShortEUR/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/NZD Short
Minimum entry requirements:
• 4H risk entry.
or
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CHF Short
Minimum entry requirements:
• 1H impulse down.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Gold price analysis on 2nd of MayFundamental Analysis
According to the Institute for Supply Management (ISM), risk-off sentiment was the main reason why investors shifted their attention from better-than-expected US employment data to stable business activity in the manufacturing sector.
News reports revealed that Iran attacked Israel. According to ABC sources, Iran will launch 240-250 missiles at Israel. Meanwhile, Israel revealed that its air force will continue to attack targets in Lebanon, while US National Security Advisor Sullivan said, "There will be serious consequences for this attack."
Technical Analysis
Gold broke the trendline and was pushed back to the uptrend, exiting the downtrend channel and facing an important resistance level of 2673. When the price breaks the 2673 zone, it will form a strong uptrend channel and head towards 2700. The pullback to 2643 is considered an opportunity to buy at the present time, let's wait for the price reaction and trade together.
Trading signals
BUY GOLD 2643-2641 Stoploss 2538
SELL GOLD 2672-2674 Stoploss 2677
SELL GOLD 2684-2686 Stoploss 2688
SELL GOLD 2699-2700 Stoploss 2704
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.
CAD/JPY Short and CHF/JPY ShortCAD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of inflection.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
CHF/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of inflection.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
CAD/JPY Short and CHF/JPY ShortCAD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
CHF/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Short, NATGAS/USD Short and GBP/NZD LongUSD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NATGAS/USD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/NZD Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Gold hits all-time high every day?Gold touched a file excessive in advance of US facts that`s predicted to offer clues on whether or not the Federal Reserve`s 50-basis-factor fee discount ultimate week could be the primary in a chain of competitive cuts.
Bullion rose as a lot as 0.2% to hit $2,625.89 an ounce, beating the preceding all-time excessive published Friday. Traders are weighing the outlook for charges in advance of a batch of essential financial facts — which include the United States private intake prices gauge and jobless claims — due later withinside the week.
Fed Governor Christopher Waller stated on Friday he`d possibly returned quarter-factor cuts at every of the following critical financial institution coverage conferences in November and December, need to the financial system evolve as he expects. Still, he stated any other half-percentage-factor reduce may want to eventuate if the process marketplace weakens.
Gold investors have been additionally tracking escalating tensions withinside the Middle East, on worries combating among Hezbollah and Israel may want to expand into a much wider nearby conflict. That could possibly bolster the metal`s haven status.
💎 OANDA:XAUUSD Buy 2559 - 2561💎
✔️TP1: 2570
✔️TP2: 2590
✔️TP3: OPEN
🚫SL: 2550
➖➖➖➖➖➖➖➖
💎 OANDA:XAUUSD Sell 2630 - 2632💎
✔️TP1: 2620
✔️TP2: 2610
✔️TP3: OPEN
🚫SL: 2640
GBPUSD week 39 analysisFundamental Analysis
The Bank of England (BoE) announced on Thursday that it kept its policy interest rates unchanged following its September meeting, as expected. In a hawkish surprise, only one policymaker voted in favor of a 25 basis point rate cut. Speaking later in the day, BoE Governor Andrew Bailey said he was optimistic that UK interest rates would fall but added that they needed to see more evidence of remaining inflationary pressures waning. Although GBP/USD fell slightly following the BoE’s announcement, it closed in positive territory on Friday.
Fresh selling pressure around the US Dollar (USD) and upbeat UK data helped GBP/USD edge higher early Friday. Investors may overlook overbought conditions and allow the pair to move higher if risk-on flows continue to dominate financial markets heading into the weekend.
Technical Analysis
GBPUSD is rising at a two-year high around 1.332. The bullish momentum is likely to continue next week towards the resistance level of 1.342. The support zone of 1.327 forms a narrow price range where the pair will trade next week. When these two bands break, the levels to watch are 1.349 and 1.322. In terms of scenario, there is a high probability of a slight pullback to the support zone and the continuation of the uptrend in line with the main market trend.
Trading Signals
SELL GBPUSD zone 1.341-1.343 Stoploss 1.345
BUY GBPUSD zone 1.324-1.322 Stoploss 1.320
Investors are worried that the Fed only reduced it by 25 pointsWorld gold charges became down with spot gold down thirteen USD to 2,570 USD/ounce. Gold futures closing traded at $2,596.30 an oz, down $12.60 from the brilliant spot.
Pressured with the aid of using a rebound withinside the greenback and a moderate upward thrust in Treasury bonds, the yellow metallic misplaced 0.5% after conquering an all-time excessive of $2,589.50 an oz early withinside the day. week. Currently, buyers are nevertheless awaiting facts on whether or not the United States Federal Reserve (Fed) could have a coverage pivot at this assembly as expected.
After a chain of membership facts, monetary markets are forecasting a more potent Fed in its first hobby price reduce for the reason that 2020. According to the CME FedWatch tool, the marketplace is already assured withinside the opportunity of a tapping fundamental foreign money with a 63% mission discount might be 50 foundation points.
💎 OANDA:XAUUSD Buy 2558 - 2556💎
✔️TP1: 2570
✔️TP2: 2580
✔️TP3: OPEN
🚫SL: 2548
💎 OANDA:XAUUSD Sell 2585 - 2587💎
✔️TP1: 2570
✔️TP2: 2560
✔️TP3: OPEN
🚫SL: 2595
AUD/JPY Short, AUD/NZD Short and NATGAS/USD ShortAUD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NATGAS/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
CAD/CHF Trade, NATGAS Short, A/N Short, G/U Long and E/U LongNATGAS/USD Short
Minimum entry requirements:
• If tight 1H continuation forms, 15 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/USD Long
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
EUR/USD Long
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
Gold prices are more unpredictable than everThe first week of September culminated in the US jobs report for August. Non-farm payrolls for the US economy increased by 142,000 jobs, up from 114,000 in July, although weaker than the market median estimate of 160,000 (Reuters). US Treasury yields and the US dollar (USD) fell on the news; markets also priced in a 120 basis point cut by the end of the year and nearly 40 basis points for this month's meeting.
Average hourly earnings also rose sharply in August, up +0.4% (MoM), improving on the market period (+0.3%) and the +0.2% increase from the previous release in July. YoY, average hourly earnings rose +3.8% YoY in August, also improving on both the favorable data (+3.7%) and the previous data (+3.6%).
With the economy now balanced and on track to grow at 2%, it is now time to ease the policy setting regime by reducing the target range for the federal funds rate,' he said, but did not comment on whether he would support a 25 or 50 basis point cut.
NZD/CHF Long and EUR/NZD ShortNZD/CHF Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of interest.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CHF Long Long
Minimum entry requirements:
• 1H impulse up above area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/CAD Long, EUR/USD Short and EUR/NZD ShortAUD/CAD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD 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.
EUR/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/USDTechnical Analysis of AUD/USD (4-Hour Chart)
On the 4-hour chart of AUD/USD, after a strong uptrend, the price has reached a significant resistance zone. This level has acted as a strong ceiling and has shown multiple price reactions in the past.
At this point, signs of weakness in the bullish trend are visible, and with the formation of a divergence on the chart, there’s a chance the trend could reverse. Additionally, a divergence pattern is forming, which could indicate the start of a bearish trend.
📉 Entry Strategy: Wait for a bearish engulfing candle to form in this resistance zone for confirmation before entering a sell trade. Once you enter the trade, the initial target will be in the specified zone on the chart.
Gold may trade sideways at the end of the week☘️Fundamental Analysis
Gold prices are struggling to capitalize on the previous day's positive move and are hovering between modest gains heading into Friday's European session. Upbeat US macro data on Thursday eased fears of a sharp slowdown in the world's largest economy and boosted investor confidence, undermining demand for the safe-haven metal. However, rising geopolitical tensions in the Middle East, coupled with bets on the imminent start of the Federal Reserve's (Fed) policy easing cycle, supported XAU/USD.
In fact, the market has fully priced in a 25 basis point (bps) interest rate cut at the upcoming FOMC policy meeting in September. This prospect, in turn, triggered a fresh decline in US Treasury yields and attracted fresh sellers around the US Dollar (USD), which turned out to be another factor acting as a bullish driver for Gold
☘️Technical Analysis
From a technical perspective, the overnight failure near the $2,470 resistance level makes it prudent to wait for some follow-through buying before positioning for any further gains. With the daily chart oscillators holding in positive territory, Gold could then aim to break above the all-time highs, around the $2,483-$2,484 zone hit in July, and conquer the psychological $2,500 mark. A sustained strength above the latter would confirm a breakout above a month-old trading range and could be viewed as a fresh trigger for bullish traders, setting the stage for a further near-term upside move.
On the downside, the $2,447-2,445 horizontal zone now looks to protect the immediate downside ahead of the $2,430-2,429 zone and the weekly low, around $2,424. Some follow-through selling could leave Gold vulnerable to further weakness below $2,400.
Resistance: 2475 - 2488 - 2500 -2509
Support: 2438 - 2333 - 2426 - 2421
Price ranges to note:
SELL zone 2473 - 2475 stoploss 2479
SELL zone 2498 - 2500 stoploss 2504
BUY zone 2438 - 2436 stoploss 2432
BUY zone 2426 - 2324 stoploss 2420
GBPUSD Week 33 Swing ZonesHighlighting 2 swing zones as always. Both of which are identified from previous weeks price action around the levels.
Using Tradingview's alert, place @ 7389 and @7090
In reviewing previous week; price could swing up, in which case the upper SZ will be highlighted
Price action determines trades: Entry on the 5mins chart to achieve tight stops of 10-15pips