Hello my friends, I hope you're having a great day! Right now, the price of gold (XAU/USD) is stable around $2,570, influenced by key factors like expectations of a rate cut by the U.S. Federal Reserve (Fed) and weaker retail sales data in the U.S. If gold breaks above the $2,589 resistance, we could see a strong rally toward $2,610. On the flip side, if it drops...
Today, there is an expectation of a 25 basis point rate cut in the Fed meeting. By the end of the year, a total rate cut of 100 basis points is almost certain. This situation leads to a positive risk appetite being effective on the indices. On the U.S. side, retail sales increased by 0.1%. Meanwhile, industrial production in the U.S. pointed to a positivity...
Last week, the ECB cut its interest rate by 25 basis points, in line with market expectations. ECB President Lagarde did not make any commitments for October but indicated that rates are on a downward path. As a result, pricing in favor of the Euro strengthened, with the EUR/USD pair reaching the 1.1130 level. As the new week began, the pair faced mild selling...
This trade setup shows a confluence of multiple factors, aligning with a high-probability approach. Here's the breakdown: Bull Flag Breakout: The trade initiates after identifying a bull flag, which is a common continuation pattern following an impulsive upward move. This flag signals consolidation before a further upward push. The breakout from the bull flag...
The Gold party is still healty? 15 days are left for this 3M session to close and still has not found Its ATH high. lets see where this candle close. Taking a look at this giant timeframe trying to give some insightful notations. The big bullflag breakout has been impressive, since it broke the last all time high in Friday 07 August 20' at $2,075 price has not...
Based on this morning’s analysis, we’ve seen a break above the momentum high, signalling that buyers remain confident the EURUSD isn’t too overvalued. As a straightforward principle, we trade what we observe. Buy above the momentum high, aiming for the next decision point at 1.1140 (H4 Structural Point). Stop Loss: What gets you in, gets you out! Technically, if...
In the US, the Producer Price Index (PPI) experienced a slight slowdown in August. Weekly unemployment benefit claims rose by 2,000, reaching 230,000. Following this data release, the decline in the dollar deepened. Meanwhile, the yield on 10-year US Treasury bonds fell to 3.62%. As a result, gold prices tested the 2570 resistance level. From a technical...
Simple price action analysis, breakouts and trend continuation. I will keep this post updated to see how price plays out. Drop a Follow for more analysis !
For tomorrow, the resistance areas are: 2524 and 2521. The support area we're finding on the M30 is at 2507-2505. These levels will perform tomorrow, and we should also keep an eye on geopolitical events. Additionally, tomorrow we have (PPI) news affecting us.
Hello Traders! if gold touches trend line and retest it then we can go for buy till 2525 - 2528 after that we can consider selling! Bullish Oppurtunity: 1. 2509 - 2511 Selling Oppurtunity: 2525 - 2528 (if gold breaks trend line as resistance and retest it)
I'm a little late to the trade because I missed the retest of the 1.095 Bi-monthly level, but a new setup above 1.103 is still valid. The monthly trend has just issued a bullish signal. This is something that hasn't happened since Nov '20 so I think it is worth the risk after so many attempts to break out of this range. Will love to see this close above...
Following the release of the U.S. non-farm payroll report, which came in below expectations, market risk appetite weakened. The DAX index also accelerated its decline, targeting the 18,257 support level. Expectations for a Fed rate cut have strengthened to 50 basis points, while the ECB is expected to lower rates by 25 basis points at its meeting this...
Lot's going on in this picture, my apologies for all the noise. Consistent with the overall market and recently published indexes, I am looking for more downside in US Domestic small-cap stocks. If you thought or if you were influenced that this inflation bubble economy would persist forever, I advise you consider a different source of information. "Do your...
Hello traders, Based on my calculation and technical analysis, i predict that gold will likely exhibi the following behavior .... 1. if the resistance level breaks then gold reach it new (ATH). 2. if GOLD's came down and form rang in the level of 2477 2455 then gold is likely to go back up and after that we'll do further analysis. Thank you!
A very simple Demand Supply analysis with the help of RSI + EMA'S.
I don't have much to say, I just feel this is what is most likely to happen
Bitcoin was rejected from the $58k level yesterday. Right now, I could see a move higher, but until the trend has changed, we will continue to make lower lows. One level to keep an eye on is still the low at $54.5k.
hello traders! Our analysis suggests that gold is likely to be a buy if it breaks out above the resistance level of 2496-2497 and subsequently retests this level as support. On the other hand, if gold breaks down below the support level of 2492-2491 and then retests it, we may consider a potential sell opportunity.