OANDA:XAUUSD ANALYSIS - Gold spiked higher, falling narrowly short of the all-time high - FX markets captured the flight to safety while US equity markets were shut - Gold volatility index eyed ahead of the weekend OANDA:XAUUSD SPIKED HIGHER, FALLING NARROWLY SHORT OF THE ALL-TIME HIGH Gold prices surged on Friday morning following reports of an Israeli...
Trading Plan for Monday, April 22nd, 2024 Market Sentiment: Uncertain, with bulls and bears at a crossroads. Geopolitical risks remain a factor, and market reaction to earnings reports and economic data will be crucial. Key Supports Immediate Supports: 4996-5000 (major), 4990, 4975 (major), 4966 Major Supports: 4958 (major), 4937 (major), 4904-08 (major),...
OANDA:XAUUSD continuing to adjust after approaching the original price of 2,400 USD, the target price increase noticed by readers in yesterday's publication is also a resistance that causes gold prices to adjust but overall it does not change. trend with the expectation of entering the accumulation phase. Iran said its military is ready to respond to any...
OANDA:XAUUSD spot delivery suddenly increased sharply. Spot gold has just increased to 2,415 USD/ounce, it has increased more than 35 US Dollars during the day. Previously, US media reported that the US confirmed that an Israeli missile hit an Iranian facility. The most active gold futures contract on COMEX was 1,426 lots traded within one minute from 08:43 to...
Although the dollar and US Treasury yields rose as US retail sales rose more than expected in March, tensions in the Middle East boosted safe-haven demand, and at the same time, the market Expecting that the Federal Reserve will be able to delay interest rate cuts this year, gold prices did not extend last week's decline but continued to increase. Iran launched...
OANDA:XAUUSD remained steady as safe-haven demand due to ongoing tensions in the Middle East offset weakening expectations of a US interest rate cut this year. Data on Monday showed U.S. retail sales rose more than expected in March. Yields on 10-year Treasury notes rose for a second straight session, with rising bond yields putting pressure on gold as they...
GBP/JPY was largely flat on Thursday, trading slightly below trendline resistance at 192.70. Bears need to protect this ceiling tooth and nail; any lapse could spark a move towards the 2024 highs at 193.55. On further strength, a jump towards the psychological 195.00 mark cannot be ruled out. On the other hand, if the pair gets rejected from its current position...
Here we see a major trend line on the weekly, daily timeframe. Currently price is underneath the trend line (located around 64,400). I’ve marked major supports in white - depending if this plays out, we can potentially see one of these major low zones hit - significant to note the timing with the BTC halving period and also DXY bearish retest on HTF. Personally...
🔍Exploring SAND, a metaverse venture with long-term potential, we shift our lens to short-term trading prospects within SAND futures, scrutinizing a 4-hour timeframe. 📈Beginning with candlestick analysis, SAND witnessed a notable decline post-breaking the 0.5629 support, settling near 0.382, thereby forming a consolidation zone between 0 and 0.382. The duration...
Trading Plan for Friday, April 19th, 2024 Market Sentiment: Uncertain, with bulls and bears battling at the critical 5045 support zone . A decisive break in either direction will set the tone for the next market move. Key Supports Immediate Supports: 5044-46 (major), 5039, 5033 Major Supports: 5020, 5013 (major), 5000, 4990-95 (major), 4959 (major), 4937...
Gold hit a new record of $2,430 last week during the New York session. It has seen gains in seven of the past eight weeks, increasing by over 17% since mid-February. This is despite the strength of the US dollar and a hawkish repricing of US interest rate expectations. The usual negative relationship between gold and US real yields has broken down, leaving traders...
Gold (June) / Silver (May) Gold, yesterday’s close: Settled at 2388.4, down 19.4 Silver, yesterday’s close: Settled at 28.40, down 0.024 Gold has traded fairly constructive on the week given Friday’s sharp reversal but the overhead supply resulting from this reversal is apparent at major three-star resistance at 2404.3-2408.5 and 2412.9-2414.8. A close...
After receiving our aggressive FBuy, we had a good 11% increase. Now it's seems that it's going down as the bears are in control. First target: 0.50 and more. DYOR. Anything above 0.57 is trend continuation
Trading Plan for Thursday, April 18th, 2024 Market Sentiment: Mixed, with traders weighing the implications of inflation, economic signals, and potential shifts in Federal Reserve policy. Key Supports Immediate Supports: 5066, 5060, 5054 Major Supports: 5045-47 (major), 5038, 5000-5005 (major), 4990, 4966, 4932-36 (major) Key Resistances Near-term...
The US dollar strengthened last week, reaching its highest level since mid-February. Despite initial losses, the greenback reversed its trend in response to a shift in global interest rate expectations. Speculation arose that other central banks may relax their policies earlier than the Federal Reserve. The European Central Bank could be among them. This week,...
OANDA:EURUSD , CHARTS AND ANALYSIS - ECB edges further towards a June rate cut. - Will President Lagarde begin signaling further rate cuts? The ECB maintained its policy levers unchanged, as expected. However, they stated that if their assessment of inflation and monetary policy transmission improves, they may consider reducing current restrictions. This...
International gold prices surged this week due to central banks' gold demand, expected interest rate cuts by the FED and other central banks, and heightened geopolitical tensions in regions like the Middle East and Russia-Ukraine. Rising tensions in the Middle East, especially between Iran and Israel, have increased gold's safe haven status. Central banks,...
Trading Plan for Wednesday, April 17th, 2024 Market Sentiment: Uncertain, as investors digest comments from Federal Reserve Chair Jerome Powell and assess their implications on the timing of potential rate cuts. Key Supports Immediate Supports: 5091, 5082 (major), 5076, 5068 (major) Major Supports: 5046-51 (major), 5038 (major), 4996-5000 (major) Key...