GOLD (INSIDE ASCENDING CHANNEL ) (4H)XAUUSD
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above turning level at 2,386$ .
TURNING LEVEL (1) : this level around 2,386$ , the price trading above this level , indicates it will be trying to reach resistance level (1) , beware if the price breaking this level by open 4h candle below this reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 2,420$ , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 2,439$, for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .
SUPPORT LEVEL (1) : this level around 2,365$, for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 2,343$, for reach this level will be breaking by open 4h candle below support level (1) .
MY GOAL : resistance level (1) at 2,420$
TARGET LEVEL :
RESISTANCE LEVEL : 2,420$ , 2,439$ .
SUPPORT LEVEL : 2,365$ , 2,343$.
Tradingsignals
LDO READY to MOVEHello,
Welcome to the quick update of LDOUSDT. It is showing positive signs after consolidating around 1.49 to 1.58.
We can go long on this with a short-term target of around $ 1.78 to $1.87 and a long-term target of $2.27 and STOPLOSS of 1.48
Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!!
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
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NZDCAD: Bullish Sentiment Confirmed?! 🇳🇿🇨🇦
NZDCAD has a nice potential to grow after a test of a major rising trend line on a daily.
I see a clear sign of strength of the buyers on a 4H time frame with a double bottom formation
and a confirmed change of character.
I think that the pair will reach 0.82 level soon.
❤️Please, support my work with like, thank you!❤️
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Yesterday we said we'd stick with the plan and continue to move with the market upside suggesting traders hold their longs from below and then add level to level trades. This has worked well for us again today, completing our Excalibur target upside and the hotspot in Camelot as well as the one we had shared with you all in the wider community. Although a little choppy, it's a clean structure.
Now we are here we have support below at the 2395 region, which could be a target level for the pullback. This level however is now on the flip and will need to hold the price up for us to continue higher into the regions 2415-20 initially and on the break we'll be looking at 2450 as the extension of the move. The problem we have now is the whipsaw that is expected during FOMC, and with it being the last trading day of the month tomorrow.
For now, a slight tap and bounce from the region, if you're in lets see if we get the pullback and where we close.
As always, trade safe.
KOG
XAU awaits Fed decision for fresh impetusGold (XAU/USD) struggled to stay above $2,400 and attracted some selling pressure during Monday’s trading session due to strong demand for the US dollar. Risk sentiment was also seen as a factor weighing on the safe-haven precious metal. However, geopolitical risks from ongoing conflicts in the Middle East provided some support for gold.
Meanwhile, growing expectations that the US Federal Reserve (Fed) will start cutting interest rates in September, reinforced by Friday’s US inflation report, limited the USD’s gains and helped limit the decline in gold. Moreover, traders opted to wait for the outcome of the two-day Federal Open Market Committee (FOMC) meeting ending on Wednesday.
Investors will continue to monitor the Bank of Japan (BoJ) decision on Wednesday, the Bank of England (BoE) meeting on Thursday and key US macro releases, including the non-farm payrolls (NFP) report on Friday, this week. In addition, other economic data scheduled early in the new month will provide more information on the health of the global economy and determine the next direction for gold prices.
EURUSD ( STABILIZING BELOW TURNING LEVEL ) (4H)EURUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below 1.084 .
TURNING LEVEL : the price of this level at 1.084 , as long as the price trading below this level reach a support level (1) , but if breaking by open 4h candle above this level reach a resistance level (1)
RESISTANCE LEVEL (1) : this level around 1.088 , for reach this resistance level the price need breaking a turning level
RESISTANCE LEVEL (2) : around 1.094 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 1.079, for reach this support level the price need stabilizing below turning level
SUPPORT LEVEL (2) : support level at 1.076 , for reach this level will be breaking by open 4h candle below support level (1)
PRICE MOVEMENT : currently price 1.083 , as long as the price trading below this level reach a support level (1) , but by breaking this level by open 4h candle above this reach a resistance level (1) ,
MY GOAL : support level (1) at 1.079 .
TARGET LEVEL :
RESISTANCE LEVEL : 1.088 , 1.094 .
SUPPORT LEVEL : 1.079 , 1.076 .
GBPUSD analysis week 31Fundamental Analysis
GBP/USD plunged on Friday, as the pound was weighed down by broad market expectations of a rate cut by the Bank of England (BoE) next week. This sent GBPUSD further lower to above 1.286.
The UK’s benchmark interest rate is expected to be cut by 25 basis points to 5.0% from the current 5.25%. The Federal Reserve (Fed) will next deliver its rate call in July, and investors are generally expecting the US central bank to leave rates unchanged at one more meeting before starting its rate-cutting cycle in September. In addition, short-term PCE inflation accelerated month-on-month in June, rising to 0.2% versus forecasts of 0.1%.
Technical Analysis
GBPUSD remains in an uptrend, The decline last week is the perfect catalyst for the uptrend to continue in the coming period. The momentum shows that buyers are still in control, as depicted by the Relative Strength Index (RSI) which is still holding above 50.
GBPUSD is supported at the 34 EMA and has responded at 1.285. The next support zone is around the EMA89 with the gap filling at 1.278. These are two important price zones that GBPUSD needs to hold to maintain the uptrend in the price channel. The bullish momentum will be reduced and could be ready for a reversal if sellers push the price to the 1.262 support zone.
On the other side of the bullish trend, GBPUSD could push back to the old high of two weeks ago around 1.305 and at the highest it could touch the upper border of the rising channel around the resistance level of 1.315.
Resistance: 1.305-1.314
Support: 1.285-1.278
Trading Signals
SELL GBPUSD zone 1.305-1.307 Stoploss 1.308
SELL GBPUSD zone 1.314-1.316 Stoploss 1.317
BUY GBPUSD zone 1.278-1.276 Stoploss 1.275
USDCAD trading signalsSELL USDCAD signal at the Fibonacci 1.618 resistance zone around 1.38500 to catch the recovery of wave 4 according to the Elliot wave model. The recovery point can be at the Fibonacci 1.0 zone, which coincides with the critical point of EMA 34.
Wishing you a successful trading day
XAUUSD : Gold is down but that is bullish momentumA drop below $2,380 could continue to attract buyers near the 50-day SMA, around $2,360-2,359. A break-down of the 50-day SMA would push the price towards the $2,350 support. The price could then continue to decline towards the 100-day SMA, around the $2,325-2,324 region. Further downside could see XAU/USD test the sub-$2,300 levels or the June 2024 low.
On the contrary, the bulls are struggling to capitalize on the upside momentum above $2,400. Meanwhile, if XAU/USD breaks out of the $2,400 pivot, it could face some resistance around $2,412. Gold prices could then climb to the intermediate resistance level of $2,469-2,470 and challenge the record high, around $2,483-2,484.
JTOUSDT TRADE SETUPHello Folks,
Welcome to the quick update of a new coin name JTOUSDT.
Today we saw JTO dump around 10% from the immediate resistance of 3.275.
Within few hours, buyers kicked in and pushed the price back to the same resistance. As of now, it is trading around 3.28. We can see JTOUSDT pump until 4.76 in a span of 5 to 10 days.
Entry-Exit levels:
Entry: 3.05 to 3.16
Target: 3.81 to 4.76
STOPLOSS: Below $3
Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!!
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
Please like, share, and comment on this idea if you liked it.
NZDCHF: Time For Pullback 🇳🇿🇨🇭
NZDCHF may bounce from a key daily historic support.
After its test, the price formed a cup & handle pattern on a 4H time frame
and broke its neckline with a bullish imbalance.
I expect a bullish move to a falling trend line.
❤️Please, support my work with like, thank you!❤️
EURUSD trading signals✨EUR/USD is trading highs near 1.0850 during the European session on Thursday. The pair ignored risk-on market sentiment and dismal German IFO data, finding support from US dollar weakness. Traders are now looking to US Q2 GDP data for fresh guidance.
✨Technically EURUSD is in an uptrend. Our BUY signal is in the critical zone of the EMA combined with the Fibonacci 0.5 retracement level. The starting point of wave 5 of the Elliot wave model with the expectation that the currency pair will reach the resistance level at 1.1000 coincides with Fibonacci 1.272.
BUY EURUSD now zone 1.08500-1.08300
↠ Stoploss 1.08000
→ Take Profit 1 1.08800
→ Take Profit 2 1.09500
Gold Analysis July 26Fundamental Analysis:
Gold prices gained some positive momentum during the European session on Friday, seemingly snapping a two-day losing streak.
Better-than-expected US Gross Domestic Product (GDP) data released on Thursday reinforced the view that the economy is holding up well.
Gold has shown resilience below the 34-day simple moving average (EMA) on the H1, amid expectations that the Federal Reserve (Fed) will begin its rate-cutting cycle in September. However, upside momentum appears to be limited as traders await the release of the US Personal Consumption Expenditures (PCE) Price Index later on Friday for further clues on the Fed's policy path.
Technical Analysis
Gold is trading in a narrow range ahead of the PCE data. Initial resistance is at 2373-2375, created by the trendline and the falling channel formed in the morning. If this price channel is broken, the SELL zone at 2385 and 2400 is formed at strong resistance. In the opposite direction, the support zone may sweep and the liquidity zone at 2353 and we can scalp around the 2350 zone. The support zone is stronger at 2333. Pay attention to the strong ports to have a suitable news trading strategy.
SELL zone 2400-2398 Stoploss 2404
SELL zone 2384-2386 Stoploss 2390
BUY zone 2335 - 2333 Stoploss 2330
BUY zone 2350-2348 Stoploss 2345