🔱 GOLD TRADE IDEA 🔱 BIAS: Bullish FUNDAMENTAL BIAS: Bullish Gold is expected to see maintained bids from the escalation of Russia & Ukraine tussle front risks roping more countries into a direct confrontation with Russia, following an agreement from EU minister to intensify the delivery of weapons to Ukraine & rising global inflation. TECHNICAL BIAS: Bullish
🔱 GOLD TRADE IDE A 🔱 BIAS: Bullish FUNDAMENTAL BIAS: Bullish Global inflation & the Russia-Ukraine war tensions- whereby Ukraine- supporting countries are likely to maintain bullish bids on Gold. On the geopolitical front, the surprise visit by UK PM Johnson to Ukraine’s Kyiv is likely to create retaliation from Russia amid the fifth wave of sanctions...
🔱 GOLD TRADE IDEA 🔱 BIAS: Bullish FUNDAMENTAL BIAS: Bullish On the geopolitical front, Russia noted that the proposal on Crimea & Donbas are unacceptable from the new draft agreement proposed by Ukraine. The tussle between Ukraine & Russia war theme is expected to underpin the demand for XAU for its safe haven status. TECHNICAL BIAS: Bullish Looking for...
🔱 GOLD TRADE IDEA 🔱 BIAS: Bullish FUNDAMENTAL BIAS: Bullish The USA FOMC minutes reinforced the possibility of MULTIPLE 50 BPS rate hikes to control the high inflation prior to market expectation of a one- off 50 bps rate hike has NOW evolved into multiple increments. Following this hawkish alignment- US dollar is likely to see a maintained of bids...
🔱 GOLD TRADE IDEA 🔱 BIAS: Bullish FUNDAMENTAL BIAS: Bullish The hawkish comments from FED is LIKELY to weigh on XAU albeit TEMPORARILY, as global inflation & war driven headlines from the eastern European tussle provides cushion for losses. TECHNICAL BIAS: Bullish I am bullish on technical. Technically we will need to wait for a breakout. Below 1912- sells
🔱 GOLD TRADE IDEA 🔱 BIAS: Bullish FUNDAMENTAL BIAS: Bullish High inflation & adverse development of Russia-Ukraine war is expected to remain and underpin the high demand for the precious metal that holds its inflation & safe haven status. TECHNICAL BIAS: Bullish
🔱 GOLD TRADE IDEA 🔱 BIAS: Bullish FUNDAMENTAL BIAS: Bullish ECB stated March inflation is very high & more momentum behind the price increases from energy prices - This development bodes well for inflation hedge gold. TECHNICAL BIAS: Bullish
WEEKLY OUTLOOK: BULLISH but aware of deeper bearish pullback Looking to play bullish bias IF PRICE REMAIN IN INTRADAY RANGE - being mindful of potential DEEPER pullback to like h4 DB at 1880. 1920 make or break point for intraday range. Buy points above 23.5,29 - target 1950 Sell points below 1912- target 1880 for more favourable buyer demand points...
GBPJPY TRADE IDEA Bias: BEARISH Fundamentals: BEARISH Barrage of sanctions on Russia: causing uncertainty. Fear sentiment Technical: BEARISH H4 break & retest at 152.8 & .5 for SELLS on GJ with continued momentum to the downside. Trade invalid if break & close above 153.
GBPJPY PRE NY/ NYSE TRADE IDEA Bias: BEARISH Fundamentals: BEARISH Barrage of sanctions on Russia: causing uncertainty. Fear sentiment *GBP speaker talking at end of NY close Technical: BEARISH H1 structure retest: 153.8 H4 Double top: 154.00
XAUUSD PRE NY/ NYSE TRADE IDEA Bias: BULLISH Fundamentals: BULLISH Barrage of sanctions on Russia: causing uncertainty. Renewed attacks from Russia in major cities of Ukraine are likely to motivate XAU BULLS amid the highest inflation. Continuing to play Bullish market structure & Bullish fundamental sentiment. Technical: BULLISH H1 structure retest:...
GBPJPY PRE NY/ NYSE TRADE IDEA Bias: BEARISH Fundamentals: BEARISH -Current shift in sentiment as FUD develops with Russia attacking a village in Ukraine (Physical Conflict) that led to JPY strength, Equities weakness, Oil and Gold bullish -Will want to see more aggressive conflict & comments to add to current fear sentiment so can play safe haven strength...
XAUUSD Bias: BULLISH Fundamental: Although the easing of Russian-Ukraine tensions is leading to bearishness on gold - losses are likely to be limited by the relative HIGH inflation in alignment with the upcoming inflation data in the US session. +Still not tackling high inflation +Ukraine & Russia tension seems like a war tactic Technical: +Pullback to...
Update: In a bullish bias expecting pullbacks to 1850's but due to fundamentals between Russia & Ukraine it has come much lower than expected. HOWEVER intraday bullish market structure is still respected above 1841 & follow through with trading idea ... I would only shift bias below 1840.
XAUUSD PRE NY SETUP Bias: BULLISH Fundamentals: BULLISH +Tensions between Russia & Ukraine. +Traditional purpose of gold as an inflation hedge (*todays PPI figures at 13.30*) +Still no action form FED to combat inflation: ranging from 25bps to 100 bps remains opinion dividing within US central bank. Technical: BULLISH +Looking to continue to play...
Expecting buyers to take profit around 1975-1977 & can capitalise on some sells
Bias: BEARISH Fundamental: +FEDS and CB more hawkish & looking to combat inflation- the inevitable rate hikes +Fed Bullard to see AS MUCH as 100bps by July 2022 with support of other FED members pushing the possibility of such monetary policy move. (He will be speaking at 16.00) +Market optimism is still holding Technical: +Looking for buyers to take...
XAUUSD Bias: Bullish Fundamental: The rising tensions between Russia & Ukraine is likely to continue for Gold to play its safe-haven status. Technical: Looking to play BULLISH market structure. Pullback to areas of interest Target 1869 & 1877