NQ/QQQ - Trade Setup Ideas for Short TermNQ looks very similar to ES. Ascending channel break + double top at supply. If NQ breaks below 18240, I like shorts, but longs above. Long tsrget is the previous double top. Short target would be the trendline below or potentially 18,000. by AdvancedPlays0
XAU/USDXAUUSD, indicating a sell zone at the current price of 2355. This presents a strategic moment for traders to capitalize on potential market movement. Setting multiple take-profit levels, such as at 2350, 2340, and 2330, offers a layered approach to securing gains at different price points, ensuring flexibility in profit-taking as the market reacts. Meanwhile, establishing a stop loss at 2365 serves as a safeguard against unexpected market volatility, allowing traders to manage risk effectively. By leveraging these carefully chosen levels, traders can optimize their trading strategy and navigate the dynamic landscape of the financial markets with confidence and precision.Shortby FOREX_trade_01Updated 22132
ES/SPY - Trade Setup Ideas for Short Term ES just broke below an ascending channel and made a double top at supply. However, it's still holding above 5240 so I think it could end up bullish, we have a descending trendline now that could lead to a breakout as well. I'd look to long if above 5240 with a target of the previous double top/supply. If it breaks below 5240, I like shorts targeting demand near 5200. VX will be important to watch as well. by AdvancedPlays0
Gold confirms uptrend, entry buy todayGold prices fell in today's Asian session, consolidating some recent gains as traders turned more biased towards the dollar ahead of key US inflation data later in the week. The yellow metal saw some strength last week as some signs that the US economy was cooling sparked speculation of a rate cut by the US Federal Reserve (FED). capacity in 2024. However, gold remains below record highs hit in April and is expected to trade in a tight range ahead of this week's inflation data. The broader gold and metals market is ahead of key US inflation indicators this week. Producer price index data for April will be available on Tuesday, while more closely watched consumer price index data will be available on Wednesday. Any signs of inflation trouble are likely to further dampen expectations for a U.S. interest rate cut this year, boosting the dollar and pressuring metals prices. The greenback stabilized after recent fluctuations. Data on Friday showed US consumer confidence weakened significantly in May, but inflation forecasts remained high next year. Rising precious metals prices were also pressured by this week's inflation figures, as higher interest rates for longer increased the opportunity cost of investing in metals markets.Longby FalCol_TradingMaster2
Gold prices have strong fluctuationsGOLD ANALYSIS - May 14, 2024 ⬆️Buy gold across the charge variety of 233x ⬇️Sell gold across the charge variety of 235x Yesterday, the charge of Gold had a downward fashion as expected, symptoms and symptoms of purchasing seemed across the 233x area. Traders can prioritize shopping for across the cutting-edge charge variety and anticipate a sturdy growth withinside the close to future. Stop as quickly as gold breaks the 233x charge variety. Gold goal may be 2350 today. Other valuable metals additionally went up yesterday. Silver fees extended 0.3% to 28.2 USD an ounce. Platinum brought 0.6%, to 1,000 USD - the best in almost a year.Shortby TheLeader_WOLF1
XAUUSD - The prospect of a downward adjustment continues!Today's gold market shows a modest rebound, with the metal trading at approximately USD 2343, reflecting a 0.34% increase since yesterday's notable decline. However, there are emerging signs that gold may be shaping into an inverted cup and handle pattern. Should this pattern fully materialize, it suggests the possibility of a further downward adjustment, reaching the Fibonacci retracement levels of 0.618 to 0.5. In such a case, the USD 2305 mark is anticipated to serve as a strong defensive zone for those optimistic about gold's prospects.by Trader_BrianFX2
XAUUSD suddenly turned around strongly yesterdayBuy 233x TP 235x ---- World gold expenses on May thirteen became down. "The purpose can be that traders left the marketplace earlier than a few chance occasions this week, including Fed Chairman Jerome Powell`s speech, manufacturer charge index (PPI) and patron charge index (CPI) ", commented Phillip Streible - marketplace strategist at Blue Line Futures. Tai Wong - an unbiased treasured metals investor in New York, stated gold optimists are involved that to lessen hobby quotes, the Fed nonetheless desires cooling inflation data, in preference to simply weaker exertions data. . Last week, the treasured metallic elevated greater than 1%, after the United States introduced that the range of latest unemployment gain programs elevated quicker than forecast, reinforcing the opportunity of hobby charge cuts. In a Reuters survey, a majority of economists now assume the Fed to reduce hobby quotes two times this year, beginning in September. CME FedWatch hobby charge tracker additionally suggests traders making a bet at the chance of the corporation This decreased hobby quotes in September through 63%. Low hobby quotes will gain gold, because the tool will pay no hobby. Today, the United States will announce the manufacturer charge index (PPI) and the following day the patron charge index (CPI). Other treasured metals additionally went up yesterday. Silver expenses elevated 0.3% to 28.2 USD an ounce. Platinum introduced 0.6%, to 1,000 USD - the best in almost a year.by TheLeader_WOLF1
second publish by me.from what i saw according to my analysis. sell at 2343-2346. sl at 2350. about profit. its up to you but from what i saw. it maybe can go down almost 300 pips to 400 pips with news or without news. don't take my word for granted. its just my 10 cent ideas. Longby muhammadhaizir930
Potential bullish bounce off 61.8% Fibonacci support?Gold (XAU/USD) has just bounced off the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance. Pivot: 2,331.93 1st Support: 2,306.80 1st Resistance: 2,377.03 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets3
GOLD TRADING SCENARIO ON MAY 14, 2024:GOLD TRADING SCENARIO ON MAY 14, 2024: Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2232, then Buy Gold immediately TP hopes to reach 2348, which is further than 2363, but there is a condition that requires at 6:00 p.m. Gold closes above 2343 and vice versa. Gold closes below 2343, then exit Buy and move Sell direction to 2323. Sell orders at this time can be held until 8:00 p.m. Gold breaks through 2337, then continue to hold into the American session. If not, exit the Sell order and switch to Buy. Gold exits at 2337, then Sell always hold the order into the American session until the destination is 2321 , beyond 2303 . Strategy 2. From now until 11-12 a.m. when gold rises to 2352 again, Sell Gold will always reach 2323. The condition is that at 6 p.m., gold closes below 2343, keep the Sell order, and if it closes above 2343, take the opportunity to exit the Sell order and switch to Buy Gold at the price. The target is 2361 - the further TP is 2376 and at 20:00 Gold is still not over 2343, then Sell Gold immediately and still break 2343 then keep the Buy order in the US session - TP 2356, further than 2378. Strategy 3. From 2:00 p.m. - 3:00 p.m., gold runs in the sideway 2338 - 2348, confirming to close above 2338, then Buy Gold to the target price of 2368. The condition is that at 8:20 p.m., if it breaks through 2356, hold the Buy order into the US session. At 14:00 - 15:00, if confirmed to close below 2348, Sell will always hold until 2326. When Gold confirms before 20:20 below, the order will still be kept in the US session. NOTE: The analyzed price range may change slightly during price fluctuations, MN can be flexible. THIS IS A PERSONAL COMMENTARY THAT DOES NOT RECOMMEND INVESTMENT.Longby CTFX_Fintech8
GOLD enters accumulation when there is little fundamental impactThe story in financial markets focuses on when the Federal Reserve will begin easing policy after releasing weak economic data. The U.S. Department of Labor said that nonfarm payroll employment in April was 175,000, lower than expected and lower than March's upwardly revised figure of 315,000. After the data was released, the CME FedWatch tool showed that the probability of a 25 basis point rate cut in September increased to 64.8% from 55% before the report. However, the US Dollar has been boosted by recent hawkish comments from Minneapolis Fed President Nir Kashkari, who said the Fed could continue to raise interest rates and set the stage for higher federal funds rates. if inflation does not continue its downward trend. This week's economic calendar will mainly focus on news from Federal Reserve officials, as well as initial jobless claims for the week ending May 4 and a preliminary release of the index. University of Michigan consumer confidence numbers. In general, throughout this week there was no data or events of a very sudden nature, so gold is also less subject to fundamental impacts and is suitable for the current state of narrow range movement. Gold keeping its price activity below EMA21 gives it more room to fall. However, with the current market context, without many fundamental impacts, gold prices may continue to move in a narrow range and enter accumulation. The accumulation area is noticed by EMA21 and the Fibonacci 0.236% level, in which EMA21 is the resistance and Fibonacci 0.236% is the support. If gold falls below the 0.236% Fibonacci level, it will open a new downtrend with the short-term target level being the upper edge of the price channel and more than the 0.382% Fibonacci level. On the other hand, even if price activity rises above the EMA21 level, gold price will still be limited by the 2,365 level and the upper edge of the price channel because the current technical trend is still down in the short term. During the day, gold has a technical outlook of moving sideways and accumulating with notable technical levels as follows. Support: 2,300 – 2,284USD Resistance: 2,322 – 2,340 – 2,345USD 🪙SELL XAUUSD | 2364 - 2362 ⚰️SL: 2368 ⬆️TP1: 2357 ⬆️TP2: 2352 🪙BUY XAUUSD | 2289 - 2291 ⚰️SL: 2285 ⬆️TP1: 2296 ⬆️TP2: 2301 by Xayah_tradingUpdated 4
GOLD accumulates and shrinks,the market lacks fundamental impactScarce U.S. economic data will keep investors focused on Federal Reserve officials in the week following last Friday's U.S. jobs report. Gold prices are trading around 2,312USD/oz after reaching a daily high yesterday of 2,321USD/oz. The story in financial markets focuses on when the Federal Reserve will begin easing policy after releasing weak economic data. The U.S. Department of Labor revealed that nonfarm payroll employment in April was 175,000, lower than expected and lagging March's upwardly revised figure of 315,000. "Lack of progress" in inflation has pushed back expectations for the Fed's first interest rate cut from July to September. However, the market still expects three interest rate cuts, each by 25 basis points. in this year. The report said that the lack of progress since the beginning of this year means that it will take longer for Fed policymakers to believe that inflation is continuing to fall toward the 2% target. They expect 3-month and 6-month annualized core PCE to be "near or below" 2% by the end of the year, in which case it would be "too late" to wait until after September to cut rates . This week's economic calendar will take a closer look at news from Federal Reserve officials, as well as initial jobless claims for the week ending May 4 and a preliminary release of the index. University of Michigan consumer confidence numbers. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold is generally still entering the stage of accumulating attention from readers in previous publications. However, gold prices are also becoming more narrowly accumulated as depicted by the green triangle on the chart. In terms of overall factors, gold prices are more likely to decline because the main trend has not changed, noticed by the short-term downward price channel and the latest pressure from the 21-day moving average EMA21. As long as the gold price remains below the EMA21, it still has enough room to fall in the short term. Meanwhile, gold could open a new bearish cycle if it breaks below the 0.236% Fibonacci level, then the target level is aimed around the lower channel edge and upper channel edge, more likely to be the 0.382 Fibonacci level %. Temporarily, gold prices will continue to tend to accumulate without much macroeconomic impact on the market. But the technical conditions still favor the possibility of price reduction as mentioned above. During the day, notable technical levels are listed below. Support: 2,300 – 2,284USD Resistance: 2,330 – 2,340 – 2,345USD 🪙SELL XAUUSD | 2351 - 2349 ⚰️SL: 2355 ⬆️TP1: 2344 ⬆️TP2: 2339 🪙BUY XAUUSD | 2268 - 2270 ⚰️SL: 2264 ⬆️TP1: 2275 ⬆️TP2: 2380by Xayah_tradingUpdated 11
XAUUSDBased on the current price of XAU/USD at 2360, there seems to be a slight downward trend towards the point of 2356. If the price falls below 2355, it may further decline towards 2350. However, if it surpasses the level of 2372, there's a tendency for an upward movement towards 2378 and eventually reaching levels around 2390, potentially even extending to 2400. This analysis is based on technical levels and trends observed in the XAU/USD chart. The support and resistance levels mentioned (2355, 2372) serve as critical points where the direction of the price movement may shift. If the price breaches the support level at 2355 and 2333, it suggests a bearish sentiment strengthening, likely leading to further declines. Conversely, surpassing the resistance level at 2372 indicates bullish momentum gaining strength, potentially triggering a rally towards higher levels.by Indonesia1945Updated 4
Copper to $4.75 per poundIf the markets continue to allow the metals to perform, copper could EASILY fly to $4.75 or higher in less than a year. DYOR Trade Slick Longby kyleruzekUpdated 444
$40+ Silver Does Not Sound InsaneFrankly, $70 Silver does not sound crazy to me. I don't do advice; I only do patterns. DYOR. Trade Slick. Longby kyleruzek2
XAUUSD: 13/5 Today’s Strategy and AnalysisGold technical analysis Daily resistance is 2361/2400, support below is 2327/2319 Four-hour resistance is 2365/2370, support below is 2340/2327 Gold operation suggestions: The current strong dividing line for bulls is at 2330. This position will also be related to the long-short conversion in the later period. For now, the long-short situation is unclear and in a state of contention. The strong resistance above is 2370/2377. Although it rose sharply last Friday, the energy is likely to have been exhausted, and it is likely to continue to fall in the short term. Judging from the current trend of gold, we focus on the support of 2340/2327 below, the resistance of 2365-2370 on the top, and the suppression of 2377. From the chart, the market tends to fluctuate and fall. BUY:2327near SL:2324 SELL:2365near SL:2370 Technical analysis only provides trading direction! Shortby ActuaryJUpdated 1113
Slight decline at the beginning of the week for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices rise near $2,360 amid increasing Middle East tensions, benefiting precious metals. This week's focus is on the US CPI, PPI, and Retail Sales, potentially revealing economic and inflation trends. Last week, several Federal Reserve officials delivered hawkish messages; Atlanta Fed's Raphael Bostic ruled out interest rate cuts in 2024 due to high inflation while Minneapolis Fed's Neel Kashkari adopted a "wait and see" stance on future monetary policy. ⭐️ Personal comments NOVA: Gold price is in a short-term downtrend, creating force to go up stronger, expected level $2400 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2330 - $2328 SL $2323 TP1: $2336 TP2: $2342 TP3: $2347 🔥SELL GOLD zone: $2378 - $2380 SL $2385 TP1: $2370 TP2: $2360 TP3: $2350 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longestShortby Nova-ScalperUpdated 4414
US30 My Analysis We had an upward trend in 4h and it has just broken it, so we hope that during the night it will stay in that area that is found. On the other hand in Diario we have an upward trend and the area below of purchase would be its regression to have a high probability of buying.by PedroMoronta220
$ZB/$TLTvUS10Y - Daily ChartBonds look to have a relief rally look to them. However, they are failing to close higher above the BPR or FVG higher. Until that happens, it is merely a retrace to push lower - This will week will start to solidify the Higher for longer with yields/interest rate narrative we have analyzed so far since October 2023 when they first announced 7 cuts which we knew was BS - With that said, HOT CPI print will put bond prices under pressure again signaling no eager need to cut rates - However, if we get an inline or COOL print, the rate cut narrative will start to materialize itself more and traders will start to front run that which will raise bond prices, drop yields HOT CPI - NASDAQ:TLT 📉, AMEX:TBT 📈 COOL CPI - NASDAQ:TLT 📈, AMEX:TBT 📉by pwizzle341
$TLT/US10Y Bonds look to have a relief rally look to them. However, they are failing to close higher above the BPR or FVG higher. Until that happens, it is merely a retrace to push lower - This will week will start to solidify the Higher for longer with yields/interest rate narrative we have analyzed so far since October 2023 when they first announced 7 cuts which we knew was BS - With that said, HOT CPI print will put bond prices under pressure again signaling no eager need to cut rates - However, if we get an inline or COOL print, the rate cut narrative will start to materialize itself more and traders will start to front run that which will raise bond prices, drop yields HOT CPI - NASDAQ:TLT 📉, AMEX:TBT 📈 COOL CPI - NASDAQ:TLT 📈, AMEX:TBT 📉by pwizzle341
📈🔔 *Attention Investors! XAUUSD Rally Alert!* 🔔📈Hello traders! Hope you're all thriving! 📉 Yesterday, gold took a dip, but now it's caught in a range from 2334 to 2338.4. 📊 Two potential biases await: 🔍 Bias 1: If gold breaks above and closes higher, expect thrilling buying opportunities! 🚀📈 🔍 Bias 2: If gold breaks below and closes lower, brace for potential sells to the downside! 💼📉 Let's navigate these moves together! 💫by hanalyeeforex5
RTY/IWM DAILY CHART WEEK OF PPI, CPI, POWELL- Price still consolidating around the breaker. Price will need to close above 2087 to start making its way back above 2100. If not, we can see price push to the FVG lower at 2035 and lower. - RTY are full of small/mid cap stocks that work with small balance sheets and deal in leverage. They are the most sensitive to rates since most of CASH POOR. If we get a hot CPI report signaling a delay in rate cuts, this indice will sell heavy - Flip side, if CPI comes in COOL or inlines , we can see this indice rally hard on the notion it will get some relief for the companies involvedby pwizzle341
RTY/IWM PPI, CPI, Powell- Price still consolidating around the breaker. Price will need to close above 2087 to start making its way back above 2100. If not, we can see price push to the FVG lower at 2035 and lower. - RTY are full of small/mid cap stocks that work with small balance sheets and deal in leverage. They are the most sensitive to rates since most of CASH POOR. If we get a hot CPI report signaling a delay in rate cuts, this indice will sell heavy - Flip side, if CPI comes in COOL or inlines , we can see this indice rally hard on the notion it will get some relief for the companies involvedby pwizzle341