OANDA:XAUUSD stabilized after hitting a more than two-week low as concerns about escalating tensions in the Middle East subsided, while investors await key economic data to further clarify the timing of US interest rate cuts. America. Israel stepped up its attacks on the Gaza Strip, its worst shelling in weeks, but fears of a wider conflict eased after Iran...
The US Dollar Index is entering accumulation and recovering after 2 days of decline, making gold priced in US Dollars less attractive thanks to direct correlation. The near-term appeal of the precious metal remains weak as tensions in the Middle East ease and safe-haven demand weakens. The gold market has been less affected by the escalating conflict in the...
US GDP data for the first quarter of 2024 was lower than expected, increasing speculation that the Federal Reserve may reduce borrowing costs. However, inflation has risen sharply over the same period, which will delay the Fed's interest rate cuts. The U.S. Bureau of Economic Analysis reported on Thursday that U.S. gross domestic product (GDP) grew 1.6%...
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It might be an interesting week ahead filled of news trade carefully out there FOMC and NFP this week expect a lot of volatility this week. Geopolitical issues are at an ease between the Iran and Israel conflict also. Inflation is also another thing that we need to look out for
Gold stays in positive territory at around $2,350 after closing in positive territory on Thursday. The benchmark 10-year US Treasury bond yield edges lower ahead of US PCE Price Index data, allowing XAU/USD to stretch higher.
GALA/USD has formed a potential descending channel on the 12H-1D timeframes. There's a strong chance we could rise from the bottom and retest the local resistance at $0.05274. If it breaks out of this channel to the upside, my potential targets would be around $0.068 to $0.086. Keep an eye on this setup.
The Japanese Yen ticked lower against the United States Dollar on Wednesday, with USD/JPY getting mighty close to the sort of level that might force authorities in Tokyo to intervene. The Dollar is of course benefitting against most rival currencies from a broad re-pricing of interest rate expectations. The resilience of pricing and economic growth in the world’s...
We see that there is very perfect breakout trade. we have to find a best price for to get our entry. When we get a perfect trade we have also look for our exit plan because when market will not in our favour we have remove the position & then try to buy in deep.
According to the analysis we had last week, the price was returned from the range of 2350-2354. As we know, we have very important news next week, and our analysis may be wrong, but what I see is that the price will probably decrease in the next week. By the end of the week, it will reach the 2263-2267 area to complete the structure in the upper time frame.
1h - The hourly timeframe appears less clear despite our short context. The main target was reached in the form of equal lows, which were forming throughout the week. I believe it's quite likely to see a breach of the previous day low (PDL) on Monday, after which the continuation of the long trend may begin. However, this is just speculation. It's important to see...
Hello everyone and welcome to the weekly TOP-DOWN analysis. The week was not the most active in terms of position accumulation, but at the same time, it was quite informative. 1D - The daily timeframe continues to be in a short context. The first problematic zone was completely covered, but we did not receive the expected reaction and continued the long...
KOTAKBANK technically breaks the support! Expecting 1250 - 1300 in coming days till 1780 is safe on upside. Fundamental - Recent RBI sanction on KOTAKBANK has direct impact on new business which is basically online Credit Card issuance due to ignorance on poor IT infra. So in short no new client can be onboarded digitally, unless the IT issue is solved and assured...
Simple: Each cycle must have the RED MA cross over the GREEN MA and just then will the trend begin to fall. Cycles 1 and 2 have been tagged by PI CYCLES. I used trend lines to help with guidance to ALL-TIME HIGHS. MA's agree with PI CYCLES. Cycles 1 and 2 both have the RED MA crossing over the green. As RED MA crosses over the GREEN MA, the candlesticks begin...
I am going to present one of my own trade idea's which has been added to my watchlist for the coming week, just for an insight to new members on how I approach things and perhaps a different point of view of markets EURCHF could have a new driver on Monday morning, with various Eurozone nations prelim CPI releases coming. Notably the German CPI figure. They are...
SPY on a 120 minute chart uptrended from October into late March. A standard Fibonacci retracement for this trend down could take it down to the 475 range or about another 10%. Current price is under the daily SMA 50 ( blue line) at 495 and could continue to fall into the SMA 100 ( green line) which is confluent with the Fibonacci retracement level. ...
Buy when price is LOW. If we do not buy, Yellen would be under pressure. There is this still one misconception when it comes to $ and yield. Many still think that high yield caused $ to be strong. Actually, the truth is the other way round - a strong dollar causes yield to rise because less people will buy bonds denominated in USD - it is just getting...