The people's favorite, XAUUSD. As DXY shows a strong rejection and pullback, influenced by the upcoming FED decision on interest rates, GOLD might experience some bearish momentum for a while. On the higher time frame, we see a distribution phase according to DOW Theory. Once this phase is complete, a downward trend is likely to begin. Let's see what the market...
Hello Traders, We have seen in the last period nice bullish moves for Bitcoin. We are expecting now another move up towards 80k. Long Entry: - Look for a bounce off buy zone or any reversal pattern on lower timeframes - Stoploss: Below 65.5k - Target: >80k Good Luck and Trade safe!
Gold Market Outlook Fundamental aspects - Gold prices remain under pressure, continuing their bearish trend after a steep sell-off last Friday. Today, gold prices fell as the U.S. dollar strengthened. This rise of 0.1% in the dollar makes gold more expensive for holders of other currencies. - Tomorrow we have CPI data. If the upcoming Consumer Price Index...
On Tuesday, data showed that the U.S. PPI growth rate in April was 0.5%, much higher than the expected 0.3%. After hearing the news, traders reduced their bets that the Federal Reserve will cut interest rates for the first time in September. The possibility of an interest rate cut in September is estimated to be 60%. , while the probability before the report was...
On the daily chart, gold has lost almost all of its technical points to a bullish structure, instead with a weekly close below the $2,300 base point opening up expectations for more downside with a target level. Short-term target is aimed at the 0.382% Fibonacci retracement level. The relative strength index (RSI) is pointing down but has not yet reached the...
XAUUSD probably will have 50%/ 61.8% pullback until Wednesday Core CPI report. P/s it's better to short than long as there will be more "floor" than "ceiling" levels.
XAU-USD was going Down but now we are Seeing a bullish breakout From the wedge pattern So we are locally bullish Biased and we will be Expecting a local move up !
Despite the strength of the US Dollar, spot gold OANDA:XAUUSD still increasing strongly and stably. Growing expectations of interest rate cuts by the Federal Reserve and falling US bond yields have provided bullish momentum for gold prices. In addition, tensions in the Middle East have stimulated gold prices to attract safe-haven buying. Benchmark 10-year U.S....
Please see previous ideas for more context The biggest update from previous analysis is that we are becoming more bearish on MTF Because price didn't hold and didn't develop previous described reaccumulation, instead we see bearish internal start to hold itself ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free,...
After the instant SL Hit we took on NFP Friday it’s time to collect some liquidity, expect a bull run on this trade as the market needs to balance the orders. This is only a trade idea. Use proper risk management and Happy trading OANDA:XAUUSD FOREXCOM:XAUUSD TVC:DXY
Short-term gold continues to rise. Gold is still maintaining a strong and volatile trend along the short-term moving average on the daily trend. The price fell back after touching the early pressure zone, but the continuation was not very good and it continued to pull as expected. , but we need to see how the daily line closes today. Judging from the current...
The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half...
Gold rebounded today relying on support near 2332, and the European market rebounded to around 2348. At present, the long and short positions are not very clear. 2355 is the key and watershed. The short-term trend is somewhat strong, and there may be an upward impact test in the evening. At the top, focus on the key watershed of 2355, and on the bottom, focus on...
💥Gold prices (XAU/USD) entered a bearish consolidation phase and hovered near their lowest level in more than a month, below the $2,300 mark. 💥The widely known Nonfarm Payrolls (NFP) report showed that the world's largest economy created more jobs than expected in May, forcing investors to cut bets on the round. interest rate cut in September by the Federal...
Dear Traders, Price is dropping nicely towards our area our entry point , we expecting price to fall around our area on Thursday or Friday. With accurate risk management, we can target 2200 pips. **If you like our idea then like, comment and follow us for more** Team Setupsfx_
Gold prices regained the 2,300 USD/ounce mark because investors had a bottom-fishing mentality after prices plummeted last weekend. Experts say that gold prices are going against the general rules of the market when many forecasters receive bad news. The US consumer price index for May, which is about to be published, is likely to increase, making the US Federal...
I said yesterday that gold will definitely be adjusted after the plunge last Friday. In the short term, we cannot only be bearish or bullish, but we must respond flexibly and buy low and sell high in the 2315-2285 range. Yesterday, the gold price rebounded to 2313 and began to fall. It fell below 2300 and then rebounded again. The fluctuation was not...
Gold took us out on Break even, market has shifted to sells. Hope you