OANDA:XAUUSD is making another rally and updating the global high to 2075.4, but at the same time there is a huge imbalance in the market. Distributive retest of the resistance zone and several preconditions allow me to think about a possible correction.
In the coming week we will encounter several important news that will determine the market mood and...
We roll into December and many hoping to take a couple of weeks off over the festive season may be reconsidering that call – such is the opportunity cost. Whether one is looking at equities, the USD, gold, or bonds/rates it's all a big momentum play.
In equity land, the US30 is where the big moves are playing out, with the index in beast mode and a mere 1.9%...
S&P500 is overbought on its 1D technical outlook (RSI = 72.156, MACD = 58.110, ADX = 59.863), a logical outcome considering the aggressive nature of November's rally. This rally is the HL rebound on the bottom of the 1 year Channel Up and is more effectively understood with the help of the Fibonacci levels and ranges.
The price has been trading all week inside...
OANDA:XAUUSD continues to consolidate in the 2050 - 2035 range. Powell speaks again today, earlier the US market got a higher GDP and good Initial Jobless Claims data, how will this affect his speech and how might gold react?
The TVC:DXY is testing local levels, ahead of ISM Manufacturing PMI & Prices and also at 16:00 and 19:00 GMT Powell will speak. US...
Please, check our technical outlook for US500.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 4556.3.
Taking into consideration the structure & trend analysis, I believe that the market will reach 4744.4 level soon.
P.S
The term oversold refers to a...
OANDA:XAUUSD is forming another range of 2050 - 2038. Retest of resistance failed to renew the maximum, thus the market may begin to form a correction to support.
The TVC:DXY has been strengthening since yesterday on the back of positive US GDP data. The expectation was 4.9, the actual data: 5.2, which is positive for the dollar.
But the controversial...
The S&P500 index (SPX) is turning sideways following the enormous rally of November, which is close to being the best in history. That is a natural technical reaction by the market in an attempt to normalize the largely overbought 1D time-frame.
This sideways trade that indicates a potential exhaustion, is complimented by the Bearish Divergence on the 4H RSI,...
Hello Everyone i want share my idea about US500 price action.
after touch weekly Support US500 with only one touch start aggressive and bullish movement to upside which broke strong daily support without any seller. its going upside pretty strong which still don't have seller. i think this is one of the main reason falling of dollar. But where is seller...
US500 - 24h expiry
The rally was sold and the dip bought resulting in mild net gains yesterday.
An overnight positive theme in Equities has led to a higher open this morning.
Previous resistance located at 4610.
Dips continue to attract buyers.
Previous resistance at 4560 now becomes support.
We look to Buy at 4560 (stop at 4540)
Our profit targets will be...
OANDA:XAUUSD reaches the previously mentioned 2050 area a bit faster than we expected. The rally is followed by a logical correction. But how long will the correction last?
On D1 we see a counter-trend correction in TVC:DXY . The correction may last until the publication of GDP related news, which is published today at 15:30 GMT. Analysts are expecting the...
The S&P 500 Index rose more than 11% in the past four weeks. While these gains are impressive, their compression into a short time window makes us somewhat uneasy. That is especially true when looking at other market developments, like stagnation in the Chinese stock market and the Volatility S&P 500 Index reaching extremely low levels last Friday (unseen since...
The S&P500 has been rising non-stop since the October 27th Low when the Bearish Megaphone bottomed and the long term Channel Up started the new Higher High leg.
The rally crossed over the top of the Bearish Megaphone and has already reached the 0.618 Fibonacci retracement level of the Channel Up.
The same sequence can bee seen at the end of last year (September -...
OANDA:XAUUSD within a strong bullish trend is forming a consolidation in the 2018 - 2010 range. Lower volatility is forming and several candlestick indications are forming that price may test support before further distribution.
On D1 we can see that the leading asset, in our case it is the TVC:DXY , is testing support, which may trigger a correction to...
In a muted trading session on Monday, U.S. stocks took a cautious stance as the end of a positive month loomed and investors awaited key inflation metrics. By mid-morning, major indices showed marginal declines: the Dow Jones Industrial Average dipped by 0.1%, the S&P 500 edged 0.1% lower, and the NASDAQ Composite slipped by 0.1%. Despite a robust performance last...
OANDA:XAUUSD has been forging a bullish momentum since the opening of the session and updated its global highs to $2018. The market under the pressure of increased interest, weak dollar and fundamental factor is likely to continue its growth.
In the next few days, no important news that could change the situation is expected, therefore, the favorable...
On Friday, the Volatility S&P 500 Index reached new lows unseen since January 2020. What is intriguing about this situation is that new lows in the value of the VIX tended to be followed by a subsequent spike in the index and weakness in the U.S. stock market (over the past year or so). Considering that the recovery of the Chinese stock market is starting to show...
2022 was a brutal year for everybody in the stock market with the s&p declining -20% and many stocks straight up collapsing, some of you may be asking: "Is the bear market coming to an end soon?" and while i cannot be for certain due to a variety of factors, there is at least a case to be made for bulls here:
-Potential Higher Low
-Vix staying mostly sideways...
