BTCUSDT / TRADING BELOW TURNING LEVEL - 4HBTCUSDT
HELLO TRADERS
The overall trend remains downward as long as trading stays below the turning level of 60.838 .
Currently, prices are below this level, suggesting a potential decline towards the first support level at 57.147 . If a 4-hour candle closes below this support, further declines are expected, targeting the second support level at 54.727 .
For prices to increase, the turning level must be broken and stabilized above, which could lead to a rise towards the first resistance level at 63.586 , and potentially further to 65.727 .
KEY LEVELS :
Turning Level : 60.838 .
Resistance Levels : 63.586 , 65.760
Support Levels : 57.147 , 54.727
Tradingsignals
TRXUSDT CorrectionTRXUSDT is currently pulling back after forming a double top at a resistance zone. The price is now testing a previous support level, and there is a chance it could dip below this support, given the liquidity below this level and near the February highs. The market has already seen a pullback of around 12%, with the potential to extend to a 15% pullback. This price action might develop into a trend continuation pattern, possibly forming a triangle as it consolidates. If the market finds sufficient buying pressure at these lower levels, it could set the stage for a future upward move. The target is the resistance zone around 0.1618
Gold price analysis September 4☘️Fundamental Analysis
Gold prices bounced from multi-day lows but remained below the $2,500 mark amid renewed buying in the US Dollar (USD) on Wednesday. However, ongoing geopolitical risks and the Federal Reserve’s (Fed) impending rate cut could support the yellow metal in the near term. Later on Wednesday, JOLTS Job Openings and the Fed Beige Book will be released. Investors will be closely watching Friday’s highly anticipated US Non-Farm Payrolls (NFP) for August, which could determine the size and pace of a potential rate cut at the Federal Reserve’s September policy meeting. If the report shows a weaker-than-expected reading, it could fuel speculation of a US recession and a faster rate cut by the Fed. This in turn could boost the precious metal further as lower interest rates reduce the opportunity cost of holding non-yielding Gold.
☘️Technical Analysis
At the end of the trading session, gold was booked by investors as it was pushed up from the beginning of the session, causing gold to fall from 2497 to 2487. The 2485 price zone became an important zone when the European session jumped in. The price is approaching this zone for those who can execute the BUY scalp signal. This week's trend will continue to decrease in price until the Nonfarm data is released to shape the current gold trend. A deep pullback to the lows is seen as an opportunity to buy long term when interest rates fall. Today, pay attention to the 2461 and 2472 zones for a BUY strategy.
Resistance: 2505 - 2509 - 2515 - 2524 - 2535
Support: 2491 - 2485 - 2472 - 2461 - 2454 - 2440
SELL price zone 2513 - 2515 stoploss 2518
SELL price zone 2505 - 2507 stoploss 2511
BUY price zone 2474 - 2472 stoploss 2469
BUY price zone 2460 - 2462 stoploss 2456
Banks buying gold slows down gold price declineWorld gold prices move sideways amid strong USD index. Recorded at 9:20 a.m. on September 4, the US Dollar Index measuring the greenback's fluctuations against 6 major currencies was at 101,607 points.
According to Kitco, in the first sessions of the week, world gold prices fell sharply, causing investors to panic right before a busy week with US economic reports.
Central financial institution gold purchases doubled in July. Global valuable banks delivered 37 tonnes to their reputable reserves, a 206% increase.
"In total, seven valuable banks delivered extra gold (a tonne or extra) to their reserves in July. Only one valuable financial institution decreased its holdings"
💎 OANDA:XAUUSD Buy 2481 - 2479💎
🔰TP1: 2490
🔰TP2: 2500
🔰TP3: OPEN
🚫SL: 2471
💎 OANDA:XAUUSD Sell 2498 - 2500💎
🔰TP1: 2490
🔰TP2: 2480
🔰TP3: OPEN
🚫SL: 2508
USOIL / TRADING BELOW FVG AREA - 4HUSOIL / 4H TIME FRAME
The overall trend is downward , until trading below FVG .
As long as prices stay below the turning level of 74.78, a decline is expected, potentially reaching the support level (1) at 73.03, and then 71.51.
However, if prices break above the turning level and close a 4-hour candle above it, the trend may shift upward, with potential to reach the resistance level at 76.18. Breaking this resistance could lead to further gains, targeting 77.52.
KEY LEVELS :
TURNING LEVEL : 74.78
RESISTANCE LEVELS : 76.18 , 77.52
SUPPORT LEVELS :73.03 , 71.51
XAUUSD / UNDER BEARISH PRESSURE - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
in the last chart reached full target .
Tendency , prices is under downward pressure , until trading below turning level at 2,509$
Downward Condition : With the price holding steady at the current turning level at 2,509$ , it is likely to decline towards the support level of 2,491$. If it stabilizes below this level, it could then reach the next target level of 2,474$ .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 2,509$ , leading to a rise toward the resistance level (1) at 2,519$ . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 2,526$ .
XAUUSD / buy above 2.509$
SL: 2,503$
TP: 2,516$
TP: 2,519$
TP:2,526$
XAUUSD / sell below 2,509$
SL : 2,512$
TP : 2,500$
TP : 2,491$
TP : 2,474$
USDJPY - UNDER BULLISH PRESSURE - 4HUSDJPY - 4H TIME FRAME
HELLO TRADERS
The general trend continues to be upward as long as trading remains above the turning level of 145.495 .
Currently, prices are above this threshold, indicating a possible rise towards the initial resistance level at 147.891. If a 4-hour candle closes above this resistance, further increases are anticipated, with the next target being the second resistance level at 150.800.
For a downward trend to develop, the turning level needs to be breached and maintained below. This could lead to a decline towards the first support level at 143.749, and possibly even lower to 141.832.
KEY LEVELS :
Turning Level : 145.495
Resistance Levels : 147.891 , 150.800
Support Levels : 143.749 , 141.832
XAGUSD / TRADING BELOW FVG - 4HXAGUSD / 4H TIME FRAME
The market trend is largely bearish, with the price staying below the turning level of 29.98, indicating a potential drop to the support level (1) at 28.11, and possibly further to the next target at 27.18. However, if the price breaks through the bounce level, it may shift upward toward the resistance level (1) at 29.51. To confirm a bullish trend, the price must break through this resistance and stabilize above it, aiming for 30.48 .
KEY LEVELS :
TURNING LEVEL : 29.98
RESISTANCE LEVELS : 29.51 , 30.48
SUPPORT LEVELS : 28.11 , 27.18
Trading signals GOLD september 3Support: 2485 – 2,471 USD
Resistance: 2,513 – 2,531 - 2550 USD
SELL XAUUSD PRICE 2551 - 2549⚡️
↠↠ Stoploss 2555
→Take Profit 1 2544
↨
→Take Profit 2 2539
SELL XAUUSD PRICE 2512 - 2514⚡️
↠↠ Stoploss 2517
→Take Profit 1 2505
↨
→Take Profit 2 2495
BUY XAUUSD PRICE 2484 - 2486⚡️
↠↠ Stoploss 2479
→Take Profit 1 2489
↨
→Take Profit 2 2494
BUY XAUUSD PRICE 2470 - 2472⚡️
↠↠ Stoploss 2467
→Take Profit 1 2475
↨
→Take Profit 2 2494
⚡️Psychology, discipline and capital management are the three factors that make victory possible.⚡️
EUR/USD Rebounds in Quiet Markets, But Bearish Outlook PrevailsThe EUR/USD pair experienced a modest recovery on Monday, with the price currently hovering around the 1.1068 mark as I write this article. This upward movement comes after the pair reversed within our designated Demand Area, highlighted by the red rectangle on our charts. However, this recovery is happening against the backdrop of limited market activity, as both the United States and Canada observe Labor Day, leading to a quiet trading session until the next Asian market opening.
The US holiday means that the macroeconomic calendar will be relatively barren in the coming hours. However, the calm will be short-lived as the US is set to release several employment-related reports later this week, culminating in the highly anticipated Nonfarm Payrolls (NFP) report on Friday.
Despite the slight recovery seen today, our outlook for the EUR/USD remains bearish. The US Dollar Index (DXY) is also regaining strength, signaling potential downward pressure on the Euro. From a technical perspective, the price has recently touched a Supply Area, which has been confirmed as a significant resistance zone. What is particularly telling is the behavior of different market participants: retail traders are increasingly taking long positions on the Euro, while smart money—larger institutional traders—are reducing their long exposure. This divergence between retail and institutional sentiment is often a strong indicator of an impending reversal.
Moreover, this shift in sentiment is notable as it marks the highest point in 2024 where retail traders have gone long on the Euro. Such a scenario typically signals a potential short opportunity, as history often shows that retail traders tend to be on the wrong side of the market during such divergences.
In summary, while the EUR/USD pair has shown some strength today due to the subdued trading environment brought on by Labor Day, the overall picture remains bearish. The combination of a strengthening DXY, confirmed technical resistance, and a significant divergence between retail and institutional traders suggests that a short position on the Euro may be the more prudent strategy moving forward.
Previous Forecast
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BLUE STAR - Short Trade - Target 2 Done!BLUE STAR - Short Trade - Target 2 Done!
Entry at 1721
Stoploss: 1744
Trailing stoploss: 1705
Potential to reach 1582
Potential profit: 7.7%
Profit so far: 3.6%
Current status: Hold the short trade with trailing stoploss set at 1705
Please consider following for more tips, trade setups and analysis.
Namaste!
EURAUD: Pullback From Key Level 🇪🇺 🇦🇺
EURAUD may pullback from a key daily horizontal support.
The pair looks very oversold after a recent bearish rally.
On Friday, the price formed a double bottom pattern on a 4H time frame
and broke and closed above its horizontal neckline.
We see its retest at the moment.
The price will reach 1.6376 level soon.
❤️Please, support my work with like, thank you!❤️
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we said we would be looking for the high to confirm which worked well, to then short into the lower support levels which we got nearly to the pip. We then said we would long looking for price to attempt the ATH to finish off the week, this move completed half way. During the week, we said traders should look for an undercut low which was again achieved and gave us another opportunity to long back up. On Thursday we suggested traders protect trades and take a majority as price seemed to struggle at resistance. Fortunately, that was the perfect time as we then witnessed the attempt at rage low again which is where we closed.
A fantastic week on not only gold, but the numerous other pairs we trade hitting targets and completing another phenomenal month in Camelot.
So, what can we expect from the week ahead?
For this week we have to keep in mind we’re still in that range and price is accumulating. That entails these swings up and down as they’re simply gathering orders before a potential breakout. We have a US Holiday tomorrow so volume during that session should be low and on Friday we have NFP, so we can expect a lot of movement Tuesday into Thursday pre-event.
We’ve plotted the potential range we feel price may play but that’s based on it remaining below the 2515 region. Ideally, on open we would like to see this attempt the resistance level and fail, if that is confirmed, we feel an opportunity to short into the lower support levels are available with the initial level being 2480-85.
It’s these lower levels we want to monitor as the tap and bounces can come from below if reached taking this back up. We have to be mindful this week due to NFP which is likely to cause the whipsaw, and if they do want to attack that ATH again, we feel this is when it come.
Please keep an eye out for KOG’s bias of the day together with the red boxes we share. These have proved to help traders in stay the right side of the markets and work extremely well with the target levels we post across all the pairs we trade.
We’ll say this report is applicable until mid-week, we’ll then prepare for NFP.
KOG’s bias of the week:
Bearish below 2515 with target below 2485
Bullish on break of 2515 with target above 2540
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
GOLD analysis week 36🌐Fundamental Analysis:
Gold prices fell about 1% as the US dollar and US Treasury yields rose sharply after US inflation data matched expectations over the weekend. However, given the Federal Reserve's September rate cut and geopolitical tensions remain a risk, gold still has plenty of potential support on a fundamental level.
Gold prices closed slightly lower this week but still held the $2,500/ounce mark. Next week, investors will receive US ISM data and non-farm payrolls reports, which are expected to cause major fluctuations in the gold market. Next week's NFP data will be the main focus, as Fed Chairman Jerome Powell and other members have also focused heavily on the upcoming employment data during the Jackson Hole conference.
Meanwhile, tensions in the Middle East have boosted safe-haven demand for gold. Signs of steady buying from central banks in emerging markets also support prices.
📊Technical analysis:
Looking at the D candle, selling pressure has started to appear on gold. The buying pressure at the end of the day is insignificant and there are ready to be more sell-offs next week. Returning to the familiar H4 time frame, the breakout area of 2512 becomes the immediate resistance zone to push gold prices deeper. The declines may extend to the 2485 area and even the 2470 area next week. The downtrend is the path of least resistance for gold. After rejecting the resistance level of 2525 many times, gold may easily break through this hook once again and move straight to the important resistance zones of 2530-2540-2550.
Resistance: 2412 - 2420 - 2430 - 2440 - 2450
Support: 2494 - 2485 - 2470
🕯Trading Signal:
BUY GOLD 2485-2483 Stoploss 2480
BUY GOLD 2472-2470 Stoploss 2467
SELL GOLD 2513-2515 Stoploss 2518
SELL GOLD 2530-2532 Stoploss 2535
EURUSD Analysis week 36🌐Fundamental Analysis
EUR/USD continued to fall sharply on Friday, extending its decline into a third straight day and dragging Fiber down to 1.1050 to close the trading week. EU inflation figures released on Friday morning failed to impress anyone in particular, and the US Personal Consumption Expenditures (PCE) price index did not deviate too far from forecasts, leading the broader market to bet on a rate cut heading into the Federal Reserve’s next rate call on September 18.
With the PCE inflation data out and offering no warning signs, the way has been opened for next week’s Non-Farm Payrolls (NFP) print, one of the last major economic data points that stand in the way of the Fed and markets clamoring for a rate cut. Next week will also open on a low note, with US exchanges expected to remain closed for the Labor Day holiday. Several Purchasing Managers Index (PMI) releases are also scattered throughout the trading week.
📊Technical Analysis
EURUSD remains in an uptrend, with a pullback over the weekend that could be a stepping stone for further gains in the coming days. On the D1 timeframe, the EMA 34 is sloping sharply higher than the EMA 89, indicating that the market structure is tilted to the upside with the most recent trading range around the support of 1.100 and the resistance of 1.127. With the pullback after meeting strong resistance as analyzed last week, the pair is still entering a strong growth phase. The upside slide could revisit the two-year high around 1.146 and the deepest, most reliable support level next week is placed by investors around 1.090 to prevent the pair from sliding too sharply.
Resistance: 1.128-1.146
Support: 1.100-1.090
🕯Trading Signal
SELL EURUSD zone: 1.127-1.129 Stoploss 1.131
BUY EURUSD zone 1.100-1.098 Stoploss 1.096
GBPUSD analysis week 36 🌐Fundamental Analysis
The British Pound (GBP) extended its two-day losing streak and hit a fresh intraday low below 1.3150 against the US Dollar (USD) in the North American session on Friday. The GBP/USD pair failed to gain as the US Dollar strengthened following the release of weaker-than-expected US Personal Consumption Expenditures (PCE) Price Index data for July. The US Dollar Index (DXY), which tracks the value of the Greenback against six major currencies, surged above 101.50.
The impact of PCE inflation data is traditionally high as it is the Federal Reserve’s preferred inflation measure for making interest rate decisions. This time, the impact of core inflation data is expected to remain limited to market speculation on the Fed’s rate cut path this year.
Currently, financial market participants expect that the Fed will almost certainly start cutting interest rates in September. However, signs of rigidity in price pressures from PCE inflation data have reduced bets supporting the Fed to start a strong policy easing cycle.
📊Technical analysis
As analyzed last week, GBPUSD has retreated when it reached a strong resistance zone. The retreat may continue next week to attract buyers to push the price up further. In fact, GBPUSD is in a strong uptrend. On the D1 time frame, the EMA 34 is sloping up sharply compared to the EMA 89, indicating that the market structure is leaning towards the upside, the retreat is only pushing the price up in the near future. The nearest trading range is around 1,300-1,327. These are two strong resistance and support zones and also the price range where investors can enter orders. With a perfect retracement it is possible to push the price to the old peak around 1.342 and the strongest retracement is supported at 1.284.
Resistance: 1.327-1.342
Support: 1.300-1.284
🕯Trading Signals
SELL GBPUSD zone 1.327-1.329 Stoploss 1.331
BUY GBPUSD zone 1.300-1.298 Stoploss 1.296
EURAUD: Very Bullish Outlook Explained 🇪🇺 🇦🇺
EURAUD may pullback from a key daily horizontal support.
The pair looks very oversold after a recent bearish rally.
On Friday, the price formed a double bottom pattern on a 4H time frame
and broke and closed above its horizontal neckline.
We see its retest at the moment.
The price will most likely reach 1.6376 level soon.
❤️Please, support my work with like, thank you!❤️
Amazon - Give me another -10%...NASDAQ:AMZN did not create a sustainable all time high yet and might head lower short term.
Click image above to see detailed analysis
Short term counter-trend moves are always very welcome because they allow you to enter trading opportunities within a major higher timeframe trend. After Amazon actually broke above the previous all time high but immediately closed back below, we knew that this was a false breakout. If we get a short term move lower, we might get another textbook trading opportunity.
Levels to watch: $140
Keep your long term vision,
Philip - BasicTrading
XAUUSD / TRADING INTO RANGE CONTINUES - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level or supply zone between 2,525$ and 2,531$ .
Downward Condition : With the price holding steady at the current turning level at 2,425$ , it is likely to decline towards the support level of 2,507$. If it stabilizes below this level, it could then reach the next target level of 2,491$ .
Upward Condition : for an upward , a potential is expected if the price breaks the supply zone between 2,525$ and 2,531$ , leading to a rise toward the resistance level (1) at 2,538$ . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 2,555$ .
XAUUSD / buy above 2.525$
SL : 2,523$
TP : 2,531$
TP : 2,538$
XAUUSD / sell below 2,525$
SL : 2,528$
TP : 2,520$
TP : 2,516$
TP : 2,507$
Gold price analysis August 30Fundamental Analysis
Upbeat US growth reports and initial jobless claims have pushed back expectations of a deeper Federal Reserve rate cut in September, weighing on non-yielding gold. However, escalating geopolitical tensions in the Middle East and the war between Russia and Ukraine could boost safe-haven demand, benefiting the yellow metal.
Investors will be closely watching US inflation data for further insight into the potential size of the Fed’s rate cut. The core personal consumption expenditure (PCE) price index, the Fed's preferred inflation gauge, is estimated to have risen 2.7% year-on-year in July, up from 2.6% in June. A weaker-than-expected PCE reading could prompt the Fed to start a rate-cutting cycle, acting as a bullish catalyst for XAU/USD.
Technical Analysis
Gold is pushing higher in the European session ahead of an all-time high. If the resistance at 2525 is broken before the US session starts, we will see a new ATH around 2450. In the event that gold is pushed below 2525 and the US enters, it could push gold deeper into the current support at 2503-2494 as a hurdle ahead before heading towards 2485 to end a volatile Friday for gold.
Resistance: 2530 - 2535 - 2543 - 2550 - 2558 - 2568
Support: 2513 - 2505 - 2500 - 2494 - 2485 - 2472
SELL zone 2541 - 2543 stoploss 2547
SELL zone 2548 - 2550 stoploss 2554
BUY zone 2509 - 2507 stoploss 2503
BUY zone 2485- 2483 stoploss 2480
USDJPY trading signalsUSD/JPY stays pressured below 145.00 after hot Tokyo inflation data
USD/JPY remains under pressure below 145.00 in Asian trading on Friday, The Japanese Yen is underpinned by hot Tokyo annual CPI data, which fans hawkish BoJ expectations. The pair's downside, however, is cushioned by the recent US Dollar strength and a better mood. US PCE eyed.
BUY USDJPY now zone 145.000-144.800
Stoploss 144.700
Take Profit 1 145.300
Take Profit 2 146.000