Forextradingzones
Gold Trade Idea 4th octobar 2024gold is running within our trade range .
if price moves below this support area than we will close our trade . stop below the area.
Gold hits record high as USD/JPY drops nearly 150 pipsGold prices are on track for their biggest weekly gain since mid-August, rising 2.8% to a record $2,570 an ounce. The gains were fueled by a weaker dollar. Gold was last up 0.4% at $2,568 an ounce.
The MSCI Asia Pacific ex-Japan Index rose 0.53%.
US stock futures rose 0.1%, following gains in currency indexes on Thursday.
Forecasts are reinforcing the view that the Fed is about to cut Despite short-term volatility, the precious metal remains an attractive investment in the long term as global government debt rises and interest rates fall. The direction of gold in the coming period will largely depend on the Fed's interest rate policy. If the next US economic data remains gloomy, the Fed will cut more. This will help gold prices conquer new highs.
USD/CHF: Navigating Demand Zones and Market SentimentLast Friday, USD/CHF dropped to a daily low of 0.8375 before rebounding in Monday’s European session, with the current price around 0.84585 as I write this article.
The initial decline in the US Dollar came after the release of the ADP Non-Farm Employment Change and Unemployment Claims, which provided less-than-positive signals. However, the dollar regained strength following encouraging results from the Final Services PMI, ISM Services PMI, and Crude Oil Inventories, all of which had a positive impact.
From a technical perspective, the analysis remains consistent with last week’s outlook, where we see a potential USD rebound against CHF, as the pair continues to trade within a strong demand zone, with retail traders heavily shorting. Looking at seasonality over the past 10 years, there is a historical tendency for an increase in value for this pair around this time. However, given the pre-election period in the US and shifting economic factors, extra caution is advised during this phase.
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XAU price increased in early US sessionWorld gold prices increased, approaching the historical high of 2,531 USD/ounce (set on August 20), due to the demand for safe havens after the military conflict between Israel and Hezbollah last weekend.
In addition, experts believe that the gold price increase has not ended yet, because the US Federal Reserve (Fed) is about to begin a monetary policy easing cycle.
Recent moves by the Fed show that officials of the US Central Bank clearly support a policy pivot at the next meeting. The Fed Chairman emphasized that it is time to cut interest rates. This information continues to create confidence for investors as the direction of gold prices becomes clearer.
XAU continues to increase in the coming timeGold Just Overtakes EUR to Become World's Second-Largest Reserve Asset
Fed Prepares to Cut Rates. Meanwhile, gold has risen to become the world's second-largest reserve asset, surpassing EUR, thanks to strong demand from central banks.
Investors Surprised by Dovish Speech at Jackson Hole. Stocks reacted positively to Powell's speech, hitting near record highs. However, traders were still surprised by Powell's speech, which went beyond what they expected. The Fed is likely to cut rates by 25 bps in September, and could even cut by 50 bps, depending on how the August jobs report goes.
More importantly, the transition from fiscal stimulus to monetary stimulus has sent bond yields plunging, down 80 bps since Hartnett started recommending bond buying in May.
GBPUSD Week 33 Swing ZonesHighlighting 2 swing zones as always. Both of which are identified from previous weeks price action around the levels.
Using Tradingview's alert, place @ 7389 and @7090
In reviewing previous week; price could swing up, in which case the upper SZ will be highlighted
Price action determines trades: Entry on the 5mins chart to achieve tight stops of 10-15pips
EUR/USD Trade Setup on 4-Hour TimeframeEUR/USD has formed a descending channel on the 4-hour timeframe, characterized by lower lows and lower highs following a strong breakout.
currently waiting for a retest of the broken lower high structure level, which is also aligning with the Fibonacci retracement level.
Once price has reached this level we will scale down to the lower timeframe of 30 mins to find our entry based on candlesticks patterns
World gold spot price stands around 2,363World gold prices almost went sideways, due to investors' profit-taking mentality after the precious metal saw a sudden increase in the previous session.
According to experts, precious metal prices have just gained momentum after the speech of the Chairman of the US Federal Reserve (Fed). Mr. Jerome Powell said that US inflation has cooled down. Experts and investors are increasing expectations that the Fed will soon loosen monetary policy.
After the economic and employment data were released, many experts said that the possibility that the Fed would start cutting interest rates in September increased from 65% to 68%. In addition, the market also expects another interest rate cut by the Fed in December.
Currently, investors wait for the minutes of the US Central Bank's latest policy meeting and the non-farm payroll report to know more about interest rate cuts.
XAU rebounded after moving sidewaysMany analysts believe that the gold market is in a calm period and may fluctuate again at least until the end of this week. The increase in buying by investors at the beginning of the session is the expectation that the price will increase after the precious metal is in a low price range.
The current monetary policy stance of the US Federal Reserve (Fed) could trigger another sell-off in the market.
As long as the Fed loosens monetary policy, it will put pressure on the USD and push up gold prices.
The US Federal Reserve (Fed) decided to keep interest rates unchThe US Federal Reserve (Fed) decided to keep interest rates unchanged
The Fed's main message is that inflation remains high and a tightening policy stance needs to be maintained for a while longer. This means that the USD is still at a high level, reducing excitement in the gold market.
Markets will shift their focus to Europe this week as the Swiss National Bank and the Bank of England will both announce their monetary policy decisions on Thursday morning.
The market will also get the Empire State manufacturing index on Monday and retail sales for May on Tuesday. Then Thursday brings housing starts and building permits for May, as well as weekly jobless claims and the Philly Fed manufacturing index. The week's data ended with existing home sales Friday morning.
XAU Continues strong upward momentumWorld gold prices increased slightly today as investors waited for the US to announce inflation data in the next few days to predict when to cut interest rates.
The information that may surprise the gold market in the next few days is the US core personal consumption expenditures index (PCE) - an important inflation measure of the US Federal Reserve (FED).
The dollar slid to its lowest in more than a week, making gold cheaper for holders of other currencies.
Gold prices in Asian markets almost went sideways during the trading session on May 28, when the USD weakened. Meanwhile, investors are waiting for important US inflation data to give clues about when the US Federal Reserve (Fed) will cut interest rates.
“The outlook for a stronger USD is supported by a change in the US monetary policy stance, as the Fed begins to look for evidence to raise interest rates instead of easing monetary policy which could be a risk. big for the gold market.
Nzdcad short trade ideaPossible NZDCAD trade scenario
Enter with confirmation on ltf
Manage risk if Taken Direct entry on THESE zone
1:2-3 Rr
Indicator based SMC approach
Follow and like for more setups
Xauusd sell now The Fib retracement outline shows that we could see a push towards $2,260 next at least before some semblance of support That coming from the Fib retracement level The next key stop after that might be a push towards
Xauusd sell now 2295_2300
Tp 2290
Tp 2280
Tp2260
So 2310
XAUUSD BUY STRONG BUY NOW MORE SELL TODAY BUY BUY GOLD CONTINUE Gold probed above for the second time, inflated by increased safe haven demand following Israel’s attack on Iran early Friday
Although the spike above the metal’s price reached was so far short lived, near-term focus remains at the upside, as fears of further escalation in the region will continue to fuel demand
Technical picture is firmly bullish as indicators are in bullish setup and recent dips were contained by rising
XAUUSD BUY NOW_2380_2375
TP_2390
TP_2400
TP_2450
Sl_2368
BTCUSD BUYING LONG team members just waiting Given that the momentum indicators are heavily tilted to the downside, Bitcoin could revisit its March bottom of In case of a downside violation, there is no prominent support until the resistance zone of
EURUSD sell now just hold onto them EURUSD session on Friday but managed to recover to the area In the absence of high tier data releases, investors will keep a close eye on headlines surrounding the Iran Israel conflict
AUDUSD sell now big is fall AUDUSD Last night in Japan BOJ policymaker Asahi Noguchi highlighted the mixed impacts of a weaker yen noting that while some large firms have benefited it poses broader economic challenges Noguchi expressed increasing confidence in reaching the
GBPJPY now sell GBPJPY signaling a trendless market. Similarly the RSI continues to hover around confirming the current indecisiveness of market participants. More importantly, the stochastic oscillator is trying to edge above its moving average, but such a move needs to pick up pace in order to be seen as a strong signal
GBPUSD sell strong Intraday bias in GBPUSD is back on the downside as fall from resumes. Deeper decline would be seen to 100% projection Firm break there will target projection at next On the upside above resistance will turn intraday bias neutral again first
USDJPY sell opportunity big fall soon USDJPY sell Although the former is still below its trigger line it is running above zero and shows signs of bottoming while the latter has already bottomed after finding support at its equilibrium level
Eurusd buy of strong bullish opportunity It is still too early to say whether EURUSD is undergoing a correction of the downtrend or a reversal given the strong bullish in hours keeps bullish hopes alive
