fxwithkay

fxwithkay

Given the potential impact of today's CPI release, my bias leans slightly towards sell for XAU/USD, assuming the CPI comes in higher than expected, which would likely strengthen the U.S. dollar and increase the likelihood of further rate hikes from the Federal Reserve. This scenario would put downward pressure on gold prices. However, if the CPI data comes in...

fxwithkay

NFP Bias: The outlook for today is slightly bearish on XAU/USD if the NFP report indicates strong economic data, as this would likely strengthen the USD and increase the likelihood of further interest rate hikes. However, flexibility is essential, as a downside surprise in the NFP report could signal a potential bullish rally for gold. In summary, trading should...

fxwithkay

NFP Bias: The outlook for today is slightly bearish on XAU/USD if the NFP report indicates strong economic data, as this would likely strengthen the USD and increase the likelihood of further interest rate hikes. However, flexibility is essential, as a downside surprise in the NFP report could signal a potential bullish rally for gold. In summary, trading should...

fxwithkay

• Bearish Outlook: If both the ADP and ISM data came out strong, indicating a solid U.S. economy, this would likely strengthen the USD, leading to a bearish trend for XAU/USD during the New York session. • Bullish Outlook: On the other hand, weaker-than-expected ADP and ISM PMI data would suggest economic concerns, potentially weakening the USD and pushing gold...

fxwithkay

Today’s Projections for XAU/USD in the New York Session: If today’s ADP Non-Farm Employment data comes out stronger than anticipated, expect a possible bearish trend in XAU/USD as the dollar strengthens. Conversely, a weaker-than-expected report could drive gold prices higher, suggesting a bullish trend for XAU/USD during the New York session. Additionally,...

fxwithkay

The ISM PMI (Institute for Supply Management Purchasing Managers Index) is a key economic indicator that can significantly impact XAU/USD (gold). Generally, when the ISM PMI is higher than expected, it indicates economic strength, which can strengthen the USD and put downward pressure on gold prices. Conversely, a lower-than-expected PMI suggests economic...

fxwithkay

Short positions below 1998.00 with targets at 1985.00 & 1975.00 in extension. As long as the resistance at 1998.00 is not surpassed, the risk of the break below 1985.00 remains high. Keep a keen eye on the New York session. For additional insights into my trading strategy, feel free to reach out to me via DM. My inbox is always open for discussions and questions.

fxwithkay

Set a sell limit at 2045.65 with targets at 2040.67 in extension. If 2035.111 continues to act as resistance, expect choppy price action with a bearish bias. The critical sell level remains at 2045.65 for today. After the CPI impact news , I anticipate the price to sustain its bearish momentum and continue moving downward. Keep a keen eye on the New York...

fxwithkay

Gold remains in a bearish trend from a higher time frame perspective. However, today, I anticipate a bullish move during the New York session. Let's keep a close watch and see if the market aligns with our analysis. Join me in the New York session for updates and insights. 📈✨ All trades given are based on my analysis and therefore would provide varying...

fxwithkay

The critical sell level for today remains at 2035.111. With no impactful news, I anticipate the price to sustain its bearish momentum and continue downward. Keep a keen eye on the New York session. For further insights into my trading strategy, feel free to connect with me via DM. My inbox is always open for discussions and questions

fxwithkay

Happy New Year! Welcome to a year filled with endless possibilities in forex trading. It's great to be back. Now, let's dive into the charts. Key Points: Market Analysis: Upon examining the charts from a higher time frame, we notice a potential sell trend emerging. However, it's essential to remain open to long positions as well. Decision Making: The choice...

fxwithkay

Taking short positions below 1998.00 with targets at 1988.00 & 1983.00 in extension. If 1998.00 persists as resistance, anticipate choppy price action with a bearish bias. Keep a keen eye on the New York session.

fxwithkay

Consider opening short positions below 1974.00, with targets set at 1958.00 & 1952.00 as potential extensions. The recent breakdown below the crucial support level at 1974.00 has set in motion a rapid downward trajectory towards the 1952.00 mark. Let's keep an eye on the New York session.

fxwithkay

Consider going long if the price is above 1854.00, aiming for targets at 1865.00 and potentially 1875.00. There seems to be temporary stability with a support base at 1854.00. Let's keep an eye on the New York session.

fxwithkay

With the price showing bullish momentum, it's apparent that this week's trend will likely continue in a bullish direction until it reaches the three specified levels for the rise. After that, we can anticipate a resumption of the sell trend. In any case, focus on identifying potential buy entry points primarily during the New York trading session.

fxwithkay

Today, my forecast is that the price will likely test the 1800 level before rebounding to create a new high. Afterward, we might see it form an 'M' pattern, signalling a potential opportunity for a selling position.

fxwithkay

Think about going long above 1819.00 with target levels at 1829.00 and 1833.00 for possible extensions. 1819.00 seems to be providing some support, which could mean things stabilize for a bit. Keep an eye on these trades during the New York session.

fxwithkay

Consider going long on positions if the price rises above 1815.00, with potential targets at 1826.00 and 1833.00 in extension. While there's a possibility of the consolidation phase continuing, it's expected to have limited duration and impact. Here are the recommended trades to consider during the New York session.