USDJPY - UNDER BULLISH PRESSURE - 4HUSDJPY - 4H TIME FRAME
HELLO TRADERS
The general trend continues to be upward as long as trading remains above the turning level of 145.495 .
Currently, prices are above this threshold, indicating a possible rise towards the initial resistance level at 147.891. If a 4-hour candle closes above this resistance, further increases are anticipated, with the next target being the second resistance level at 150.800.
For a downward trend to develop, the turning level needs to be breached and maintained below. This could lead to a decline towards the first support level at 143.749, and possibly even lower to 141.832.
KEY LEVELS :
Turning Level : 145.495
Resistance Levels : 147.891 , 150.800
Support Levels : 143.749 , 141.832
Forextrading
Gold prices edge higher after Fed rate cut possibilityGold traders are calm on the first trading day of the week as there are several important economic events that will impact the price of the precious metal. The USD index has shown strength considering recent data, but gold traders remain optimistic that gold prices will continue to move higher as the precious metal has remained above key levels over the past week.
The price of the precious metal has traded above 2,500, a level that many traders consider to be very important for a number of reasons. First, this is an important level because it shows the strength of the overall price trend. Second, gold traders believe that as long as prices continue to trade above these key levels, there is a good chance that they will continue to move higher for the rest of the year.
XAU drops around 2500 areaInvestors are worried about the possibility of further declines in gold prices after the US Federal Reserve (Fed) cuts interest rates in September. Recent economic news has led the gold market to shape the high probability of the Fed cutting interest rates by 25 basis points.
One of the most worrying things in the short term for gold is that recent positive economic data has prevented the Fed from cutting by 50 basis points in September.
One of the big questions for gold investors recently is whether the Fed can cut by 100 basis points after the end of 2024.
Therefore, although gold is still trading at a high of $ 2,500 / ounce and may continue to increase, gold investors are hesitant and cannot fully pursue the upward trend of gold prices.
Crude Oil Technical AnalysisWhen the USDWTI 4-hour chart is examined; It is observed that price movements continue in a downward trend. As long as the Crude Oil price cannot exceed the level of 75.28, it is evaluated that in price movements below the level of 74.38, it can break the level of 72.90 and retreat to the level of 71.47.
Gold Technical AnalysisWhen the XAUUSD hourly chart is examined; It is observed that the price movements continue in an upward trend downward. It is evaluated that the Gold Ounce price may retreat to the level of 2414 in price movements below the level of 2472, but as long as the level of 2472 is not broken down, it is evaluated that it may break the level of 2532 and target the level of 2588 in price movements above the level of 2509.
xauusdbeautiful drop on last friday 2524 was a great entry. seemd like gold want to dump more but anything possible as we do have ( bos ) 2515-2517 with ob looking at the chart clean predictions as gold bias is still bullish on weekly and monthly frame, smaller frame short.
let me know your thought. leave a comment below.
GBPAUD May Continue Falling 🇬🇧🇦🇺
GBPAUD nicely respected a resistance line of a horizontal
daily trading range.
The price formed a double top pattern on that and broke its
neckline, leaving a clear bearish clue.
The fall may continue at least to 1.93
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AUD/CAD Long, EUR/USD Short and EUR/NZD ShortAUD/CAD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
EUR/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
DE30 DAX Technical AnalysisWhen the DAX 4-hour chart is examined; It is observed that the price movements continue in an upward trend. As long as the index price does not break down the 18292 support level, it is evaluated that the price movements above the 18701 level can exceed the 18971 level and target the 20021 level.
Xauusd buy confirm signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2519
Support 2530
Support 2535
Resistance 2512
Resistance 2505
AMZN Technical Chart ReviewWhen the AMZN daily chart is examined; It is observed that the price movements continue with the formation of the OBO Formation in the upward trend. As long as the AMZN price cannot pass the 191 level, it is evaluated that in price movements below the 178 level, it can break the 167 level and retreat to the 132 level.
Gold is likely to trade sidewaysGold is likely to trade sideways or slightly lower, and could only see a sharp move when US inflation data is released, said David Meger, director of metals trading at High Ridge Futures.
Experts said that China's gold imports started to increase by 17% in July, marking the first increase since March, which is also good news and important support for the world gold market.
Gold is still under pressure from the gradually strengthening USInvestors are now focusing on US inflation data released at the end of the week to find a clearer direction for gold. According to experts, this wait-and-see mentality has also slowed down gold buying, even pulling gold prices down in the remaining sessions of the week.
Some experts said that if inflation data is released to increase, it will further reinforce the Fed's weak interest rate cut at its September meeting.
However, most experts believe that in the long term, the Fed's move to lower interest rates, combined with the net buying trend of central banks and continued geopolitical tensions in the Middle East, will act as fundamental factors for gold's price increase.
Xauusd chart Gold trades about half a percent higher in the $2,510s on Thursday, gaining a lift from data showing demand from China increased in July – its first month of gains since March 2024.
The short-term technical outlook for Gold price remains more or less the same, with a fresh push higher in the offing while above the triangle resistance-turned-support at $2,469.
Gold now sell 2523
Support 2515
Support 2501
Resistance 2535
USDCHF: Bearish Trend Continues 🇺🇸🇨🇭
USDCHF is trading in a long-term bearish trend on a daily.
The price updated the low this week, setting a new lower low lower close
and violating a key daily horizontal support.
Bearish trend will most likely continue.
Next support - 0.8365
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XAUUSD BUY opportunity again all time high big bullish soon Gold support area 2500_2495 next support area 2490_2485
Target 2520_2530 ones more gold strong bullish high
the negative tone in the American session but still trading in the red on a daily basis The US Dollar gained some footing after reaching oversold conditions against most major
US30 ( UNDER BULLISH PRESSURE - 4H US30 / 4H TIME FRAME
HELLO TRADERS
in the last analyses reached our target + 450 pip profit .
Tendency , prices is under upward pressure , until trading above turning level at 2,507$
Upward Condition: With the price holding steady at the current turning level (1) at 41,040 and retest with stabilizing above turning level (2) at 40,680 , it is likely to rise towards the resistance level (1) of 41,401. If it stabilizes above this level, it could then reach the next target level of 41,864.
Downward Condition : To reach the 40,239 support level (1) , the price needs to first break the turning level (2) by closing a 4-hour candle below 40,680 . If it stabilizes below support level (1) , a further decline toward the support level (2) at 39,812 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 41,401 .
RESISTANCE LEVEL (2) : 41,864 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 40,239 .
SUPPORT LEVEL (2) : 39,812 .
TURNING LEVEL : 41,040 , 40,680 .
EURUSD / TRADING BELOW TURNING LEVEL - 4H XRPUSDT / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 1.112 .
Downward Condition : With the price holding steady at the current turning level at 1.112 , it is likely to decline towards the support level of 1.108 . If it stabilizes below this level, it could then reach the next target level of 1.103 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.112 , leading to a rise toward the resistance level (1) at 1.118 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.124 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.118 .
RESISTANCE LEVEL (2) : 1.124 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.108 .
SUPPORT LEVEL (2) : 1.103 .
TURNING LEVEL : 1.112 .
XAU market awaits US CPI newsXAU Markets Await US CPI News
The DXY Index rose 0.3%, reducing the appeal of holding the precious metal.
The market is pricing in a 67% chance of a 25bps rate cut by the Fed and a 33% chance of a 50bps rate cut
Fed Chairman Jerome Powell last week backed the start of rate cuts next month, while expressing confidence that inflation could hit its 2% target.
A report on Tuesday showed that while US consumer confidence rose to a six-month high in August, Americans were also growing more concerned about the labor market.
Short term trading strategy when XAU is slightly downXAU/USD remains near record highs as the US dollar weakens, with gold prices set to consolidate further in the coming months, underscoring that the precious metal is unlikely to fall further below $2,400 an ounce.
Gold has hit back-to-back record highs this year, rising around 22%, and peaked at $2,531 an ounce last week on expectations of an upcoming US interest rate cut and concerns over conflict in the Middle East.
Gold faces pressure from investors when in high positionWhile investors are also cautious about how hawkish the Fed will be
Caution and profit-taking pressure may be factors that prevent gold from continuing to rise.
However, many recent forecasts show that the medium and long-term trend of gold is still quite bright. Demand for this commodity is forecast to increase.
Major funds in the world are also increasing their gold reserves
According to technical analysis, gold prices still tend to increase strongly in the short term
XAU tends to fall as investors take profitsGold prices surged in the first session of the week after Federal Reserve Chairman Jerome Powell delivered a historic speech at the Jackson Hole conference, marking a reversal in US monetary policy.
Accordingly, Mr. Jerome Powell signaled that "it is time to adjust policy", reducing interest rates to support the economy.
According to Mr. Powell, inflation has gradually decreased closer to the 2% target, while expressing concerns about the US labor market.
The USD immediately fell sharply, thereby pushing gold prices up.
Fed rate cut expectations unlikely to materializeSpot gold rose 0.3% to $2,518.forty seven an oz., barely underneath its preceding top of $2,531.60 an oz. hit closing week. US gold futures additionally rose 0.3% to $2,555.20.
Interest charge expectancies and safe-haven call for on Middle East tensions may want to push gold better withinside the quick term, with XAU/USD forecast to go towards $2,six hundred an oz..
China`s latest halt in gold purchases has weighed at the valuable metal. However, Grant stated that although China does now no longer return, primary financial institution call for remains robust and could remain robust.