Gold price analysis US session September 26Fundamental Analysis
Gold prices struggled to find a solid intraday direction on Thursday, hovering below the all-time highs reached the previous day. Bets on another aggressive rate cut by the US Federal Reserve (Fed) failed to help the US Dollar (USD) capitalize on the previous day’s solid recovery from its YTD lows and support the non-yielding yellow metal. In addition, rising tensions in the Middle East and concerns over China’s economic recovery, despite the latest stimulus plans, acted as a catalyst for the safe-haven precious metal.
However, bullish traders appeared reluctant to press ahead, preferring to wait for further signals on the Fed’s rate cut path before placing fresh bets on Gold prices. Therefore, the focus will remain on the speeches of influential FOMC members, including Fed Chairman Jerome Powell, which will play an important role in influencing the USD price dynamics in the short term. In addition, US macro data - the final Q2 GDP report, Weekly Initial Jobless Claims and Ordinary Durable Goods Orders - will contribute to creating short-term trading opportunities around XAU/USD.
Technical Analysis
The 2689-2691 zone becomes an important resistance zone today to prevent gold from sliding further. we are waiting for SELL signal in that area and retracement of gold price will be expected at 2660 and support level 2640
SELL GOLD 2689-2691 Stoploss 2694
BUY GOLD 2640-2638 Stoploss 2635
BUY GOLD 2660-2658 Stoploss 2655
Tradingsignals
GOLD - at immediate support? Holds or not??#GOLD... perfect moved as per our perveious analysis and now again market have one of the most important region and immediate supporting area that is 2651 to 2654
Keep close that region because if market hold it in that case you can expect a buying scnerio again otherwise cut n reverse keep in hand below 2651.
Good luck
Trade wisely
USOIL / TRADNING ABOVE SUPPORT LEVEL AT 67.19 - 4H USOIL / 4H TIME FRAME
HELLO TRADERS
Price Decline of 7.16%: The analysis suggests that there has already been a price drop of 7.16%. This could be the starting point for further analysis or an event that has already occurred.
Breaking and Stabilizing Below 67.19: The level 67.19 seems to be a significant support or resistance point. If prices break below 67.19 and stabilize, it indicates a bearish trend. This might suggest that further declines are likely.
Further Decline of 9.71%: Should the price fall and stabilize below 67.19, the analysis anticipates an additional 9.71% decline.
Current Trading Above 67.19: Presently, prices are still above the 67.19 level, signaling that the market has not yet broken this key point.
Expected Increase of 10.36% : The text predicts an upward movement of 10.36%, potentially implying bullish momentum if the price continues to hold above 67.19.
Possibility of Further Increase: There’s a suggestion that the price could rise even more beyond the 10.36% increase if current trends hold.
Technical Analysis:
Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 67.19, the bullish momentum is expected to continue.
Upward Condition:
- Target 1: If the price trades above 67.19, it's expected to rise to 71.51.
- Target 2: If the price stabilizes above 71.51, the next target is 72.16.
Downward Condition:
- If the price falls below 67.19 , it suggests a potential decline:
- Target 1: A decline to 65.34.
- Target 2: If it breaks below 65.34, further decline is expected to 63.93.
XAUUSD / TENTIONS MIDDLE EAST - 4HXAUUSD/ 4H TIME FRAME
HELLO TRADERS
Current Trend:
- Prices have risen by 2.21% and reached a target.
- Prices are now trading below $2,670.
Short-Term Outlook:
- There is an expectation of a 2.00% decline.
- For the downtrend to be confirmed, gold prices need to break below $2,600.
Further Decline Potential:
- If prices stabilize below $2,600, a further decline of 5.20% is anticipated.
Reversal Possibility:
- However, if prices stabilize above $2,615, a rise of 3.25% is expected.
Technical Analysis:
Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 2,615$, the bullish momentum is expected to continue.
Upward Condition:
- Target 1: If the price trades above 2,650$, it's expected to rise to 2,670$.
- Target 2: If the price stabilizes above 2,670$, the next target is 2,700$.
Downward Condition:
- If the price falls below 2,650$ , it suggests a potential decline:
- Target 1: A decline to 2,637$.
- Target 2: If it breaks below 2,637$, further decline is expected to 2,615$.
BITCOIN Preparing for a Major Move – Key Levels to WatchBitcoin is approaching a critical juncture with potential for a significant breakout or a sharp rejection. Key levels to monitor are the FWB:67K - $68K zone. Here's the game plan:
If Bitcoin breaks through the FWB:67K - $68K resistance, we could be looking at a continuation towards a new all-time high.
If Bitcoin faces strong rejection at this level, it could trigger a major downside move. A breakdown could lead us to $44K - FWB:42K in the coming days or weeks.
Stay vigilant and ready to capitalize on either scenario. Be sure to manage risk and avoid missing out on these potential moves!
Follow me for more premium ideas.
Gold Price Analysis September 25Fundamental Analysis
Gold rose to a fresh record high of $2,670 an ounce on Wednesday after a surprise drop in U.S. consumer confidence data on Tuesday raised expectations of more aggressive policy easing and deeper interest rate cuts from the Federal Reserve.
Lower interest rates are good for gold because they reduce the opportunity cost of holding non-interest-bearing assets, making it more attractive to investors.
The People's Bank of China's biggest stimulus move since the Covid pandemic announced on Tuesday, which included steep cuts in borrowing costs as part of a package of measures to revive the slumping economy, also supported gold prices.
Escalating tensions in the Middle East after Israel resumed bombing Hezbollah targets in Lebanon further boosted safe-haven flows into the yellow metal.
Technical Analysis
Gold is sideways in a narrow range and waiting for clear buying and selling forces at the support level of 2650 to see how the price reacts when the US session enters. If it cannot break through 2650, a new ATH can be established today. Pay attention to the resistance zones at the top of 2670-2680 and see the price reaction in this zone to SELL. Important support is at the 2640 zone
Trading signals
BUY GOLD zone 2650 SL 2645
BUY GOLD zone 2640 SL 2635
SELL GOLD zone 2670 SL 2675
SELL GOLD zone 2680 SL 2685
"Scenario B" for Potential Bearish of Broadening WedgeThe 1st scenario is Broadening Wedge with rebound and break resistance, and then raise to another record with possible to break $2700 first.
In this "scenario B" , I try to make some exception for the resistance. Concern the resistance is too strong after the rebound, therefore we will find the correction until it break the support. After that we will find some retrace or swing high about 50% of last wave, and continue with the pressure to 2614 which is known as point B or point 2.
After the dip correction, please becareful with new demand probably will push the price for another uptrend. Well at least it corrected first before making new high on NFP next friday, right?
BNBUSDT Downtrend channel BreakoutBNBUSDT has broken and closed above the downward channel, signalling a bullish trend. This movement suggests the market may be factoring in the potential release of CZ, which could further fuel a rise in price. The break above the $600 psychological level supports this bullish sentiment. However, a pullback toward the channel's upper border and the upward trendline is possible. Monitoring price action during this pullback will be key to confirming further upside potential. The target is the resistance zone around 660.0
Gold price analysis September 24Fundamental Analysis
Gold prices fell after hitting a fresh all-time high around the $2,640 region on Tuesday and slid to the lower end of its daily range heading into the European session. Rising US Treasury yields helped revive demand for the US Dollar (USD), prompting some profit-taking around the commodity amid a mildly overbought condition on the daily chart.
However, any meaningful corrective decline in Gold prices appears to be limited after the Federal Reserve (Fed) stepped up bets on more aggressive policy easing. Additionally, persistent geopolitical risks, US political uncertainty and a gloomy global economic outlook will support the safe-haven XAU/USD as traders look to Fed Governor Michelle Bowman’s speech for fresh impetus.
Technical Analysis
Gold retreats from the 2640 peak. Technically, wave 5 of the Elliot wave has completed and the ABC correction wave is forming towards 2604. If the 2624 zone where gold is currently located is broken, we will get the 2603 level when the US session jumps in. If the European session price cannot break 2625, we will still wait and prioritize the sell side when retesting the 2640 peak. The 2593-2595 zone is considered a good buy zone.
Upper resistance: 2640 - 2645 - 2650 - 2658
Support: 2615 - 2610 - 2605 - 2600 - 2688 - 2657
Sell 2654 - 2656. Stoploss 2659
Sell 2640-2642. Stoploss 2445
Canh BUY scalp 2615
Canh BUY 2604 - 2606. Stoploss 2600
Canh BUY 2593-2595. Stoploss 2590
USOIL / TRADING BELOW TURNING LEVEL - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
July Decline: The significant drop of 15.34% indicates a bearish trend, which could be attributed to various factors such as market corrections, economic conditions, or changes in consumer behavior.
August Recovery: The rise of 11.74% suggests a potential recovery or rebound, possibly driven by positive news, increased demand, or market adjustments. However, this increase was followed by another decline within the same month.
Second August Decline: The 18.23% drop following the initial recovery may indicate market volatility or the market's inability to sustain upward momentum. This could also signal investor uncertainty or reactions to external factors.
September Projection: The forecasted decline of 4.66% in September suggests that the overall trend remains negative. This could imply a continuing lack of confidence in the market, or it may reflect seasonal trends affecting prices.
Technical analysis:
The level at 71.51 serves as a key resistance. If the price remains below this level, a decline towards 68.80 is expected. If this level is breached, the next support could be around 67.19.
Conversely, if the price breaks above 71.51, it may indicate bullish momentum, with targets at 73.99 and then 76.10.
UPWARD TARGET : 73.99 , 76.10 .
DOWNWARD TARGET : 68.80 , 67.19.
The Fed is testing the economy with 50 interest rate pointsThe 50bp reduce withinside the federal finances price to 5.0% surpassed Fitch`s expectancies in its September 2024 Global Economic Outlook. The length of the pass changed into difficult to justify primarily based totally on incoming financial data, with center offerings CPI inflation closing excessive at 4.9% 12 months-on-12 months in August and growing to 0.4% month-on-month.
The selection appears partly to mirror a `hazard assessment` detail in reaction to latest labour marketplace dynamics, wherein the unemployment price has risen to 4.2% in August from 3.7% in December 2023. While the Fed`s brand new forecasts display unemployment closing low, Fed Chair Jerome Powell made severa references on the post-assembly press convention to the hazard that unemployment could - unexpectedly - maintain to rise.
Significant enhancements in center inflation due to the fact that July 2023 have enabled the Fed to refocus at the most employment thing of its twin mandate, after having had a unique attention on inflation due to the fact that early 2022.
💎 OANDA:XAUUSD Buy 2606 - 2603💎
✔️TP1: 2616
✔️TP2: 2626
✔️TP3: OPEN
🚫SL: 2593
➖➖➖➖➖➖➖➖
💎 OANDA:XAUUSD Sell 2634 - 2637💎
✔️TP1: 2620
✔️TP2: 2610
✔️TP3: OPEN
🚫SL: 2644
Is gold reaching 2700 possible?After americaA Federal Reserve (Fed) decreased primary hobby costs for the primary time seeing that 2020, international gold costs constantly set new records. Good advantages for gold, this tool does now no longer pay constant hobby.
This morning, every ounce of gold for instant transport accelerated to 2,630 USD
Forecasts from the international`s main banks all percentage a membership angle on valuable metals. Accordingly, 2700 USD could be accomplished this 12 months or early subsequent 12 months. In particular, the primary using pressure for the boom in valuable metals is the Fed's hobby fee cuts, plus assisting elements consisting of geopolitical instability and gold shopping energy from significant banks.
💎GOLD Sell Scalp 2625 - 2627💎
✔️TP1: 2620
✔️TP2: 2610
✔️TP3: OPEN
🚫SL: 2635
EURUSD / TRADING BELOW TURNING LEVEL - 4HEURUSD / 4H TIME FRAME
HELLO TRADERS
Month-by-Month Price Movements:
June : Prices increased by 2.48%, indicating a bullish trend during this period.
July: A reversal occurred with prices decreasing by 1.48%, showing market correction or loss of momentum.
August: Prices surged again by 3.88%, suggesting renewed market strength or positive market
sentiment.
September (Forecast): A predicted decline of 1.26% could be attributed to cyclical market behavior, profit-taking, or external factors influencing the market.
Technical Analysis:
If prices drop below 1.114, further declines are anticipated, targeting 1.102 and potentially 1.094. This suggests a bearish outlook below the critical threshold of 1.114, where traders could expect more downside.
However , A break above 1.115 signals bullish momentum, with prices potentially rising to 1.120 and 1.123. This implies that breaching 1.115 could trigger buying interest, pushing prices higher.
UPWARD TARGET : 1.120 , 1.123.
DOWNWARD TARGET : 1.102 , 1.094.
EURGBP: Strong Bearish Signal Detected 🇪🇺🇬🇧
EURGBP broke and closed below a key daily horizontal support.
After a breakout, a broken structure was retested and the price
formed a narrow horizontal range on that.
A breakout of the support of the range with a high momentum bearish candle
this morning is a strong intraday bearish confirmation.
The price may keep falling now at least to 0.836
❤️Please, support my work with like, thank you!❤️
XAUUSD Big Move Will be there? | 2h Analysis Hello, community! 👋 How are you all doing this week? I hope you’re ready for some insightful trading opportunities. Let's dive into the analysis for XAU/USD (gold), as it looks promising for a bearish trend.
Market Overview
This week, XAU/USD is presenting a potential bearish scenario. After observing the current market conditions and price action, I’ve identified a key resistance level at 2641. This level is critical for our bearish outlook, and I’ll explain the setup in detail.
Key Levels
Entry Level: 2641
First Target: 2603
Second Target: 2580
Third Target: 2547
Stop Loss: 100 pips above the entry (approximately 2741)
Trading Strategy
Entry Confirmation:
Wait for a clear rejection (chock) at the 2641 level before entering the trade. This confirmation is crucial to ensure that the bearish momentum is established.
Target Management:
The first target is set at 2603, which is a realistic point to take partial profits.
The second target at 2580 provides a further profit-taking opportunity as we approach the anticipated bearish trend.
Finally, the third target is 2547, representing a solid point for potential further downside.
Stop Loss Consideration:
Place a stop loss 100 pips above the entry level, allowing for some volatility while protecting your capital. This positioning ensures that any unexpected bullish movement does not significantly impact your account.
Conclusion
In summary, the bearish outlook for XAU/USD appears favorable this week, with strategic entry and exit points. Remember to wait for that crucial rejection at 2641 before executing the trade. Let’s stay disciplined and focused, and I wish everyone a week full of profitable trades! 🌟
Feel free to follow for more insights and updates! Happy trading! 📈
SPY LOVERS ! NEW ALL TIME HIGHS But be very careful ! Check hereFINALLY HERE ! NEW ALL TIME HIGHS !
But wait!!! do you really Trust those 2 last Dojis ?
Here are 2 quick scenarios to analyze for the week:
Scenario #1 (Green Line): The price may pull back to bounce off the order block zone I have marked in white, which we know as the institutional block where there was a lot of liquidity.
I call this pattern in my trading system "N3" as it consists of 1 breakout + 1 pullback + 1 trend decision.
Scenario #2 (Red Line): Always considering our active order block zone, the price may break through the block with strong momentum, confirming another pullback or bearish market for several days. In this case, AGAIN, the price could fall back to our buyer pressure zone (blue zone), where higher buying pressure volume has been shown. NOTE: All of this depends on the bearish strength the market carries; we can tell if the market will break downward by simply observing bearish volumetric candles or seeing a lot of active bearish volume.
But for now, we can't do anything as long as the price remains within our bullish channel, which we'll keep monitoring throughout the week!
The decision will become very clear once the price makes the choice to break out of my bullish channel.
Best regards, and a million thanks for supporting my analysis!
USDJPY LONG TRADE IDEAUSDJPY Forecast For This Week(23 Sep-27 Sep 24 & NEXT WEEK ALSO)
1. Price Took Support From a Major Level of 140(Psych Level)
2. Consolidation of around 2 Weeks
3. Inverted Head & Shoulder Kind of Setup
4. Breakout above Neckline
5. Favourable Risk Reward to Upside
Buy Above @144 Level SL 143.50-143.40
Target 1 - @ 146.00 Target 2 @ 147.00 & Target 3 @149.00 OANDA:USDJPY
USDJPY - at most expensive supporting area, holds or not??#USDJPY.. well guys market just dropped and reached near to his one of the most important supporting area of the year.
that is 141.10
keep close that supporting area because that is only hope for buyers. any kind of weakness below that will be very expensive for buyers and for Japan as well.
one thing is keep in mind that below 141.00 cut n reverse will be a good option on confirmation.
don't be lazy here.
good luck
trade wisely
Trading Signals September 20Fundamental Analysis
Bullish gold extended gains after recording losses on Wednesday following the Fed decision. Officials sided with the larger of the two cuts expected by Wall Street, justifying their decision by pointing to inflation progressing steadily toward the Fed’s 2% target. Fed Chairman Jerome Powell stressed that the Fed could maintain labor strength by adjusting policy.
Meanwhile, US employment data is in focus after Powell’s speech at Jackson Hole, in which he shifted focus to achieving the maximum employment mandate. On Thursday, the US Department of Labor revealed that the number of people filing for unemployment benefits was lower than expected, indicating strength in the labor market.
Meanwhile, US Treasury yields followed in Gold’s footsteps, with the benchmark 10-year Treasury yielding 3.74%, up three and a half basis points. However, this did not support the greenback, according to the US Dollar Index (DXY), which fell 0.31% to 100.62.
Technical Analysis
The price zone to watch in today's European session is 2610 new ATH peak. If the price fails to break this zone in the middle of the European session, Gold can be sold to the breakout zone when the European session is 2600-2595. When the US session fails to break the 2595 zone, BUY again and continue to hold long-term combined with the old BUY signals in the 254x 247x zone of the previous days, we have a long-term BUY signal up to 27xx
Trading signal
Breakout upper boundary: 2593 - 2600 -2605 - 2615
Upper resistance: 2593 - 2600 -2605 - 2615
Breakout lower boundary: 2580 - 2572 - 2565 - 2557 - 2550
Support: 2580 - 2572 - 2565 - 2557 - 2550
SELL 2613 - 2615. Stoploss 2619
BUY 2580 - 2578. Stoploss 2574
BUY 2567 - 2565. Stoploss 2561