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Gold hesitates around the round port level of 2400☘️Fundamental Analysis Gold prices attracted some buying on Tuesday, although they remained confined within the previous day’s wider trading range and below the $2,400 mark. A weaker tone in equity markets, coupled with geopolitical risks stemming from conflicts in the Middle East, turned out to be key factors supporting the safe-haven commodity. Moreover, growing acceptance that the Federal Reserve (Fed) will begin its rate-cutting cycle in September should continue to benefit gold bulls. The focus will remain on the outcome of the two-day Federal Open Market Committee (FOMC) meeting on Wednesday. This, along with key US macro data, including Friday’s Non-Farm Payrolls (NFP) report, will influence the USD and XAU/USD price dynamics. This makes the case for buying gold after the pullback from the all-time high more deliberate ☘️Technical Analysis From a technical perspective, the failure to accept the level above 2,400 and the subsequent decline requires caution before positioning for any meaningful upside. Gold is trading in a descending channel and the immediate resistance is around 2,392. If this zone is broken, the round-robin resistance around 2,400 will act as a brake on any rapid upside. Some further buying could push gold towards 2,409 and 2,431, helping gold regain its bullish position. On the other hand, some selling could push gold towards the lower boundary of the descending channel. The support level at 2,367 acts as the first hurdle before gold retraces to the monthly low around 2,350. RSI on the lower time frames is showing that buying is still strong. Combined with the two tight EMA 34 and EMA 89 lines, it can be seen that the upward trajectory will be more favored by investors at the present time. Resistance: 2400 - 2407 - 2412 - 2418 Support: 2376 - 2367 - 2361 - 2353 SELL zone 2410 - 2412 Stoploss 2415 SELL zone 2430-2432 Stoploss 2435 BUY zone 2354 - 2352 Stoploss 2348 BUY zone 2367-2365 Stoploss 2362
OANDA:XAUUSD
by TVS-Trader
Whether gold can usher in a unilateral surge today-- Gold market review yesterday -- Yesterday Monday morning, gold opened 2388 line, the opening fell back 2387 after the start of the bull outbreak, gold is also thus suffered a surge to break 2390-2400, the highest to 2403 line to usher in a halt to fall back, and for this wave of fall, it is only a wave of low 2394 near once again ushered in a shock slow rise 2402 line, It is a pity that the bulls did not usher in stabilization, and then gold again ushered in a sharp fall to break 2390, the lowest fell to near 2388 to usher in another shock climb, and the short is therefore trapped in the 2395-2390 range. During the European trading session, gold has climbed to around 2395 again after a wave of slow fall since 2395 shock stopped near 2386, but the short and long lack of further breaking momentum, and gold is therefore once again ushered in a fall near 2386 from the shock. As for the United States trading period, the gold shock down near 2385 ushered in a stop recovery, bulls are also therefore broke out a wave of 2396 line, but then the short suffered a crash, gold is therefore a drop below 2390-2380-2370, the lowest fell to 2369 line to usher in a stop recovery, midnight, After a see-saw in the 2374-2378 range, gold ushered in a break of 2380, and then gold also reversed its decline and finally closed near 2383. -- Is the gold flash crash just a wash? Can gold usher in a unilateral surge today? - Yesterday Monday, for yesterday, gold is short also ushered in a little outbreak, after all, early in the morning, gold opened from 2387 ushered in a rise of 2403, bulls broke out 16 points or so, then for this wave of pull up, the reason I also said in my blog yesterday, because of a slight outbreak of geopolitical risk, this led to gold hedge buying pull up, of course, As far as the situation in the Middle East is concerned, the influence is limited, although it can stimulate gold to pull up, but it is not supposed to have such a large range, in fact, the most important thing is that the market has been activated since the gold fell sharply last week since 2353 ushered in the bottom, coupled with the assistance of geopolitical risk, which led to further higher gold. Of course, since gold can rise, it can certainly fall, as far as yesterday, gold from the highest 2403 ushered in a halt to fall back, gold fell to the lowest 2369, in general, gold is also in the opening surge after the fall of more than 30 points, for this situation, Chen Feng I also said, gold since the high process, but also relative inspired the market buying heat, In this case, gold is relatively easy to encounter the possibility of the market smashing baptism, and yesterday Monday, gold rose to break 2400 unable to stabilize the situation, the market volatility performance bleak, this, more is waiting for the outbreak of market information this week, and in this case, gold fell back to adhere to 2390-2385, It also inspired the favor of the market to do more in the short term, which is relatively attracted market institutions to intervene, which is why there will be a crash near midnight, purely because of the malicious washing of institutions, this point, you need to further prevent such situations in the next time. So, for today, Tuesday, when gold is accustomed to unilateral days, how to choose whether gold is long or short? First of all, for the moment, although gold has suffered a pullback, it is worth mentioning that the bears are not strong, after all, if it is not for smashing, gold is also difficult to have this opportunity to flash down, for this point, at present, gold is more inclined to be controlled by the market, then in this case, The long/short judgment on gold is undoubtedly a bit difficult to choose. Take yesterday for example, gold opened up, the market bullish gold heat climbed, but it happened to hit the lower, then the current, the return of gold bears still has a decline in the case, it does not rule out further encounter the possibility of long and short washing, so for today, especially the market is waiting for the Federal Reserve interest rate resolution and Powell speech before the outbreak, You also need to be careful to guard against the possibility of multi-air malicious sweep, this sweep not only refers to unilateral, it may also be said to encounter repeated baptism of multi-air, this, you remember the main. So how do I personally judge today? In fact, as far as I am concerned, or prefer to optimistic rebound, after all, for yesterday, gold can not break 2400 to stabilize and suffered a crash, the market buying heat is also hit, to say the word is not good, the market will think that the current bullish heat is high in the case of bear malicious attack, This may also cause the market to blindly bet on the short break to seek further lower bottom, but is the so-called smart anti-smart mistake, as far as the current facts are concerned, gold yesterday after the flash collapse 2369 suffered selling out, this is relatively hindered the short momentum, and then rebound 2380 saw inability to stabilize, more, in Chen Feng my personal judgment, Biased to force the short market, that is to say, gold is currently more in a kind of empty possibility, for today, I think gold will encounter a bull surge to break through 2400 higher 2410-2420 this area, of course, does not rule out further stabilization on the possibility of breaking 2430, this, you also need to be careful to do. Of course, it is not that I do not say the analysis, just say that for the moment, the analysis is useless, more, I will still speculate on the market psychology and their own sense of the market judgment, this, you can carefully follow up. So for today's operation, I personally, or prefer to fall back to do more, above the batch in the vicinity of 2380 directly open dry, break is to keep 2370 do more. Hanging 2390-2400 above the broken single defense, as for why not hold on to the low to do more, more or afraid of repeated baptism of the market resulting in profit can not fall into the bag, of course, you can still hold radical to batch on the protection. However, at present, I just look at the rebound, not bullish gold, that is to say, if gold can successfully break the 2410-2420-2430 area, I will further layout the possibility of shorting, after all, before the interest rate cut is clear, the bulls have reached the top of 2483, this point, without unexpected stimulus, the new high is difficult to appear. In this regard, as far as the general trend is concerned, I will definitely choose to find a high level to seek short opportunities, of course, as for the specific operation, I still do give in the solid offer, you remember to strictly follow my requirements to control positions and stop losses can follow up.
OANDA:XAUUSDLong
by Transactionheadhunter01
GBPUSD analysis week 31Fundamental Analysis GBP/USD plunged on Friday, as the pound was weighed down by broad market expectations of a rate cut by the Bank of England (BoE) next week. This sent GBPUSD further lower to above 1.286. The UK’s benchmark interest rate is expected to be cut by 25 basis points to 5.0% from the current 5.25%. The Federal Reserve (Fed) will next deliver its rate call in July, and investors are generally expecting the US central bank to leave rates unchanged at one more meeting before starting its rate-cutting cycle in September. In addition, short-term PCE inflation accelerated month-on-month in June, rising to 0.2% versus forecasts of 0.1%. Technical Analysis GBPUSD remains in an uptrend, The decline last week is the perfect catalyst for the uptrend to continue in the coming period. The momentum shows that buyers are still in control, as depicted by the Relative Strength Index (RSI) which is still holding above 50. GBPUSD is supported at the 34 EMA and has responded at 1.285. The next support zone is around the EMA89 with the gap filling at 1.278. These are two important price zones that GBPUSD needs to hold to maintain the uptrend in the price channel. The bullish momentum will be reduced and could be ready for a reversal if sellers push the price to the 1.262 support zone. On the other side of the bullish trend, GBPUSD could push back to the old high of two weeks ago around 1.305 and at the highest it could touch the upper border of the rising channel around the resistance level of 1.315. Resistance: 1.305-1.314 Support: 1.285-1.278 Trading Signals SELL GBPUSD zone 1.305-1.307 Stoploss 1.308 SELL GBPUSD zone 1.314-1.316 Stoploss 1.317 BUY GBPUSD zone 1.278-1.276 Stoploss 1.275
by TVS-Trader
Gold Analysis July 26Fundamental Analysis: Gold prices gained some positive momentum during the European session on Friday, seemingly snapping a two-day losing streak. Better-than-expected US Gross Domestic Product (GDP) data released on Thursday reinforced the view that the economy is holding up well. Gold has shown resilience below the 34-day simple moving average (EMA) on the H1, amid expectations that the Federal Reserve (Fed) will begin its rate-cutting cycle in September. However, upside momentum appears to be limited as traders await the release of the US Personal Consumption Expenditures (PCE) Price Index later on Friday for further clues on the Fed's policy path. Technical Analysis Gold is trading in a narrow range ahead of the PCE data. Initial resistance is at 2373-2375, created by the trendline and the falling channel formed in the morning. If this price channel is broken, the SELL zone at 2385 and 2400 is formed at strong resistance. In the opposite direction, the support zone may sweep and the liquidity zone at 2353 and we can scalp around the 2350 zone. The support zone is stronger at 2333. Pay attention to the strong ports to have a suitable news trading strategy. SELL zone 2400-2398 Stoploss 2404 SELL zone 2384-2386 Stoploss 2390 BUY zone 2335 - 2333 Stoploss 2330 BUY zone 2350-2348 Stoploss 2345
OANDA:XAUUSD
by TVS-Trader
Gold analysis July 23Fundamental analysis US President Joe Biden's withdrawal from the 2024 Presidential election has increased the chances of Donald Trump becoming the next US President, raising hopes of a looser regulatory environment. Additionally, the People's Bank of China's (PBoC) surprise interest rate cut on Monday still supported the market's optimistic sentiment and became the main factor acting as a drag on precious metals This safe haven. However, dovish expectations from the Federal Reserve (Fed) will help limit losses for non-yielding Gold prices. In fact, market participants seem confident that the US central bank will begin lowering borrowing costs in September and have priced in the possibility of two more rate cuts by the end of the year. This triggered a fresh decline in US Treasury yields, putting US Dollar (USD) bulls on the defensive and supporting the yellow metal. Therefore, it would be wise to wait for some follow-through selling first with a buying strategy to extend the all-time high that has just been established. Technical analysis Gold was about to test the support level of 2386 but the selling force was no longer enough to reach the support zone yesterday. Gold price recovered to above 2400 in the third European trading session. Gold is breaking the trendline structure of the h1 frame to form an uptrend. If you can close the candle above the 2402 area, gold will be ready to conquer higher levels during the day. The first level of strong resistance could be around 2420 and next at 2431 which will help restrain the rise in gold prices. And the SELL signals are established there. On the contrary, after failing to find 2384 again, the deeper support areas at 2366 and 2350 become more difficult to reach today. The RSI index in the h4 frame is still below the average level of 50. However, the RSI has just crossed the MA 9 line, also showing that buyers have begun to jump in to push the price up. Trading signals SELL scalp zone 2422 - 2420 stoploss 2425 SELL zone 2431 - 2433 stoploss 2437 BUY scalp zone 2386 - 2384 stoploss 2380 BUY zone 2373 - 2375 stoploss 2369
OANDA:XAUUSD
by TVS-Trader
Gold shows signs of recovery and increases again☘️Fundamental analysis Gold prices showed uncertainty near key support at $2,400 during the European session on Monday. The precious metal remains on edge amid growing speculation that the Republican Party led by Donald Trump will win the United States (US) presidential election in November. Market experts see Trump's victory as beneficial for economic growth because he has promised to cut corporate taxes and interest rates. This has driven upside risks to consumer inflation expectations. Trump's growing margin of victory has improved the appeal of the US dollar. The US dollar index (DXY), which tracks the value of the US dollar against six major currencies, fell slightly to 104.20 on Monday after a strong recovery from a four-month low is 103.65. The yield on the 10-year U.S. Treasury note fell to 4.22%. Lower yields on interest-bearing assets reduce the opportunity cost of investing in non-interest-bearing assets, such as Gold. ☘️Technical analysis Gold prices trade in a narrow range near $2,400. This precious metal dropped near the EMA 89 of the 4 hour frame and is reacting bullishly. The 14-day relative strength index (RSI) dipped into the 40.00-60.00 range, suggesting the bullish momentum has stalled. However, the uptrend remains intact. The bullish position is ready to return if the 2400 support level remains intact after the close of the daily candle. Resistance: 2420 - 2431 Support: 2403 - 2397 - 2392 - 2382 SELL price range 2419 - 2421 stoploss 2425 BUY price range 2392 - 2390 stoploss 2386
OANDA:XAUUSD
by TVS-Trader
GBPUSD analysis July 22 - July 27🌐Fundamental analysis The British Pound (GBP) extended its correction compared to most other currency pairs. The British currency continues to slide as the UK Office for National Statistics (ONS) reports weaker-than-expected June Retail Sales data. BoE officials are hesitant to back a move to normalize policy as the US Core Consumer Price Index (CPI) remains stubborn amid persistent inflation in the services sector. Meanwhile, an expected deceleration in Average Earnings data for the three months ended May, a key measure of wage growth that drives services inflation, failed to lift expectations. about the BoE cutting interest rates in August because the current pace is still higher than needed to maintain stability to contain price pressures. 🕯Technical analysis The British Pound corrected sharply to near 1.2920 against the US Dollar. GBP/USD weakened as gains stalled after hitting a new yearly high of 1.3044 on Wednesday. The upward sloping moving average (EMA) near 1.2800 suggests that the uptrend remains intact. The 14-day relative strength index (RSI) fell after turning slightly overbought and is expected to find a cushion near 60.00. On the positive side, the two-year high near 1.3140 will be the main resistance area for GBPUSD. Last week's peak around 1,304 could also halt the pair's surge and create a double top pattern for the pair to become more stable. On the other hand, the 1.285 and 1.277 support levels become the two main support zones keeping GBPUSD in the rising price channel. If there is a sell-off that pushes the pair beyond the price channel, it could extend the price slide to the 1,262 area, the lowest bottom in two weeks. Resistance: 1,304-1,314-1,330 Support: 1.285-1.277-1.262 SELL GBPUSD 1.314-1.316 Stoploss 1.317 BUY GBPUSD 1,280-1,278 Stoploss 1,276
by TVS-Trader
9
Start shorting goldThe magic reappeared, and gold once again reached the target area of ​​2420-2430 as expected. We have gained a lot in long positions in the past two days. So what everyone is concerned about now should be whether gold can continue to rebound? Or where can it rebound in the short term. In fact, from the current structure of gold, gold is now facing resistance in the 2430-2435 area, because gold has fallen from 2484 to around 2384, and the 50% area is just around 2433-2435; and even the 61.8% area is only around 2445, so after the rebound of gold, it is facing resistance in the 2433-2435 area, and there is resistance in the 2440-2445 area above. I think gold may usher in a correction at any time in the short term. In addition, from the US dollar index, the US dollar has been supported near 104 since it broke through 104. The US dollar still has the potential to continue to rebound with this support, which will suppress gold to a certain extent! So, for gold trading, I think we can start trying to short gold in the 2430-2435 area.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
3
Gold will soon hit the 2500 markFundamental analysis Gold prices edged up slightly above $2,470 a troy ounce on Thursday, remaining near record highs amid growing optimism that the Federal Reserve (Fed) will cut interest rates in September. Low Interest Rates makes non-yielding assets like Gold more attractive to investors. Federal Reserve officials have expressed growing confidence that the pace of price increases is now more in line with policymakers' goals. Traders will likely keep an eye on weekly US Initial Jobless Claims and the Philly Fed Manufacturing Index on Thursday, along with a speech by the Fed's Lorie Logan. Technical analysis However, the 14-day Relative Strength Index (RSI) is positioned slightly below the 70 level, suggesting confirmation of the bullish trend but also overbought conditions for the asset. A correction can be expected in the short term. . A breakout above this 2470 level could see the pair test the old peak of 2484 and a gradual move towards the psychological level of 2500 On the downside, the Exponential Moving Average (EMA 34) on the h4 timeframe is forming two strong support levels at 2,440 which could act as immediate support, followed by the lower boundary of the ascending channel at $2,421. A break below the latter could put downward pressure on the XAU/USD pair to navigate the area around the regression support at $2,290. Support: 2450 - 2442 - 2432 Resistance: 2485 - 2495 - 2500 - 2515 - 2525 BUY zone 2442 - 2440 stoploss 2436 BUY zone 2432 - 2430 stoploss 2426 SELL zone 2485 stoploss 2490 SELL zone 2500 stoploss 2500
OANDA:XAUUSD
by TVS-Trader
GOLD analysis week 30Fundamental analysis Throughout the weekend, gold prices fell due to the strength of the US Dollar and profit-taking activities in the market. This week, the gold market ended up in a key price position again, testing key support at the initial price of $2,400/ounce. Earlier, gold prices hit a record high this week on growing expectations that the Federal Reserve will cut interest rates in September. Currently, gold prices are closely aligned with interest rate expectations and gold's climb to record highs also coincides with expectations that the Federal Reserve will begin its easing cycle in September. According to CME Group's FedWatch tool, the market is pricing in a more than 98.1% chance that the Fed will cut interest rates in September, increasing the appeal of non-interest-bearing assets such as Gold. The only risk that could reverse gold's uptrend is a surprise increase in inflation, making investors doubt the possibility of interest rate cuts. However, recent data along with comments from the Fed suggest that the likelihood of inflation suddenly reaching the Fed's 2% target is very low. Investors will have to wait until Friday for information on the June core Personal Consumer Expenditure Price Index (PCE). Last month, the Fed's preferred gauge of inflation showed a 2.6% increase. Besides inflation data, the market will also focus on US GDP data. In terms of central bank activity, the Bank of Canada will announce its monetary policy decision on Wednesday, with economists believing that weaker inflation data will pave the way for the central bank to cut interest rates. capacity. Technical analysis Gold prices showed that after reaching an all-time high last week, gold corrected downward for three consecutive sessions and ended the week at a key support point, the initial price of $2,400. This $2,400 level is not only a base price but also a horizontal support and short-term trendline. While gold continues to sell below its initial price of $2,400, it is at risk of a deeper decline with the next target being the 34 moving average on the daily time frame. However, with a close at $2,400, the technical uptrend has not yet reversed. Meanwhile, the long-term trend of gold is still completely towards the possibility of price increase. As long as gold remains above the 2398 EMA, pullbacks should only be considered corrective moves, profit-taking activities in the market that do not change the main trend. Notable technical levels are listed as follows: Support: 2392 - 2382 - 2371 - 2360 - 2352 Resistance: 2406 - 2420 - 2427 - 2436 - 2450 - 2467
OANDA:XAUUSD
by TVS-Trader
7 Dimension Sell Setup for Gold Technical Analysis Method SMC ** 7 Dimension Analysis** Time Frame: H1 / 5M (Minute) 1: Swing Structure: Bearish 🟢 Structure Behavior: Choch, now at this extreme POI (Point of Interest) 🟢 🟢 Swing Move: Corrective (about to end) ↪️ 🟢 Lower Time Frame (M1): Inducement is done. It's better to wait for M1 structure shift. ⛔ 🟢 Internal Structure: Bullish yet ⬆️ 🟢 Supply Area: Based on M5 timeframe 🟦 2: Pattern 🟢 CHART PATTERNS: No reversal chart pattern detected yet. ⬜ 🟢 CANDLE PATTERNS: Record Session count 3: Volume 🟢 After a good rally, volume is drying up now. ** 🟢 Volume during correction is less than impulsive volume. ** 4: Momentum RSI Current: Bullish to sideways with proper bearish divergence and range shift. ** 5: Volatility Bollinger Bands 🟢 Middle band is interim support yet. 🟦 🟢 Price is currently in a contraction phase, making a Bollinger Band "W" pattern with the complete leg about to end. ➡️ 🟢 High with a pin bar price also indicates a Band Puncher. ** 6: Strength (ROC - Not Included) 7: Sentiment: Bearish for M5 SMC (Smart Money Concept) timeframe ✔️ Entry Time Frame: M5 ✅ Entry TF Structure: Bearish ☑️ Current Move: Correction at extreme POI ☑️ ☑️ Resistance Area: Gives multiple rejections ❌ ☑️ Candle Behavior: Not clear ⬜ ☑️ Trend Line Breakout: Waiting ⏳ ** Decision:** Sell if price gives a breakout of the trend line ⬇️ ** Entry:** 2381 ✋ Stop Loss: 2387 Take Profit:** 2355 Risk-to-Reward Ratio:** 3.5 Expected Duration:** One day SUMMARY: Based on the multi-timeframe analysis, a potential short selling opportunity exists with a bearish bias. The current corrective move might be nearing its end at the extreme POI. However, waiting for confirmation from a bearish breakout on the M5 timeframe and a clear bearish candle pattern is recommended before entering a trade. Remember, this analysis should not be considered financial advice.
OANDA:XAUUSDShort
by Optimum369