EUR/USD Intra Day Play Intra day play for EUR/USD.
Target Levels are
1) 1.08107
2) 1.78286
3) 1.07553
4) 1.07280
Let me know what you guys think.
Hope your have a great day and your screens are green.
Capital Club Team.
Forextrading
XAUUSD : Gold will increase strongly againAlthough the price of gold is slightly decreasing today, looking at the technical level, the prospect of an increase in price of this precious metal is still very high as XAU/AUD is trading actively above the 100 EMA today. However, the indicator RSI 14 is currently at an intermediate level around the 50 line, showing the possibility that XAU/USD will move sideways or not have a clear trend in the short term.
The first upside price target will appear at the upper border of the Bollinger band at $2,427. If gold's momentum is sustained, prices could head towards an all-time high of $2,450. Breaking through this resistance level, gold could rise to the psychological level of $2,500.
Conversely, the $2,325 level will be the initial support zone for XAU/USD. The next key support level is $2,300. Any sell-off below this level would send gold prices closer to the lower edge of the Bollinger band at $2,277, followed by the 100-day EMA at $2,222.
2,310 USD/ounce is an important short-term support level this wgold expenses improved barely these days as traders waited for americaA to announce inflation information withinside the following few days to are expecting whilst to reduce hobby quotes.
The facts that can wonder the gold marketplace withinside the following few days is americaA center non-public intake fees index (PCE) - an vital inflation degree of americaA Federal Reserve (FED).
The greenback slid to its lowest in greater than a week, making gold inexpensive for holders of different currencies.
Gold expenses in Asian markets nearly went sideways at some stage in the buying and selling consultation on May 28, whilst the USD weakened. Meanwhile, traders are expecting vital US inflation information to provide clues approximately whilst americaA Federal Reserve (Fed) will reduce hobby quotes.
“The outlook for a more potent USD is supported with the aid of using a extrade withinside the US economic coverage stance, because the Fed starts to search for proof to elevate hobby quotes in place of easing economic coverage which will be a risk. large for the gold marketplace.
GBPUSD price analysis week 22📌GBP/USD steadies above 1.2700 following a decline in UK retail sales. GBP/USD recovered and steadied above 1.2700 after falling to weekly lows below 1.2680 early in the European session on disappointing UK Retail Sales data. USD struggles to find demand on the upbeat risk mood and allows the pair to hold its ground.
📌The Relative Strength Index (RSI) indicator on the 4-hour chart remains near 50, indicating a lack of directional momentum. If GBP/USD fails to stabilize above 1.2700, then 1.2640 at the 89 EMA could be seen as the next support level ahead of the key 1.2570 level.
📌In case the trend line and support area of 1,264 still holds and pushes GBPUSD price into the bullish range, the current resistance at 1,275 is still weakening before the pair finds a more quality resistance area at 1,280.
🕯Trading signals
SELL GBPUSD zone 1.28000-1.28200 SL 1.25800
BUY GBPUSD zone 1.25700-1.25500 SL 1.25200
XAU increased slightly in the first trading session of the weekCurrently, investors are waiting for the personal consumption expenditures price index (PCE), the preferred inflation measure of the US Federal Reserve (FED), expected to be announced on January 31. 5 for more clues about the future direction of Fed policy.
The gold market will be sensitive to inflation data. Accordingly, if the report shows falling price pressure, it will increase expectations of FED interest rate cuts and boost gold prices. On the contrary, if PCE is higher than the market forecast, gold prices may fall even deeper.
The gold market will be sensitive to inflation data. Accordingly, if the report shows falling price pressure, it will increase expectations of FED interest rate cuts and boost gold prices. On the contrary, if PCE is higher than the market forecast, gold prices may fall even deeper.
USD/CHF Long, SUGAR/USD Short, EUR/AUD Short and GBP/AUD LongUSD/CHF Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/AUD 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.
GBP/AUD Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EURUSD: Today's result is critical for maintaing the Channel DowEURUSD has turned bullish short-term on its 1D technical outlook (RSI = 59.604, MACD = 0.002, ADX = 30.311) as it rebounded before the 1D MA50/200 test. This is making a LH, same way it did on March 21st, again after holding the 1D MA50/200. Similarly, the 1D RSI us on the MA period. A rejection today validates the fractal bias of happening again. In that case, we are still on course to forming the new bearish wave of the five month Channel Down. We are still aiming for the 1.236 Fibonacci extension (TP = 1.05550).
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XAUUSD : Gold is recovering againWorld gold price (XAU/USD) yesterday increased more than 25 USD to a high of 2,358 USD. Although expectations about the Fed cutting interest rates recently have many negative changes, gold has a lot of momentum and one of the measurements is that the world geopolitical situation is becoming more complicated with military conflicts. There is increasing tension between Israel and Hamas forces. But analysts predict that investors are still betting on gold prices to increase in the near future. Forecasts say that by the end of the week, gold price will increase to 2,375 USD.
Gold is recovering this weekClosing the buying and selling consultation withinside the US marketplace this morning, the arena gold spot rate became round the edge above 2,353 USD/ounce, a pointy boom of nineteen USD/ounce in comparison to the preceding buying and selling consultation last on this marketplace.
Qatar`s Ministry of Foreign Affairs protested the huge assault on a refugee camp in Rafah, southern Gaza Strip, simply hours after Hamas forces introduced that that they'd fired a chain of large-quality rockets into Tel Aviv and the Central region. Israel. Qatar stated Israel's modern-day assault on Rafah may want to avert mediation efforts to attain a ceasefire settlement and change hostages with Hamas forces.
Experts say that escalating geopolitical tensions will nonetheless help gold charges to boom withinside the quick term. However, traders ought to additionally be cautious, due to the fact while it increases "hot" because of geopolitics, it'll calm down quickly. Furthermore, withinside the ultimate 2 days of the month, the marketplace will get hold of a few financial records from the US, that may positioned stress on gold charges.
AUD/USD Long, SUGAR/USD Short and EUR/USD LongAUD/USD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Long
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
🔴 TSLA : BIG Fall Ahead ? (READ THE CAPTION)By diving into the #Tesla stock chart, we can observe that the price has reached a critical supply zone. The pattern emerging on the chart suggests that a significant downturn in Tesla's stock could be imminent. However, keep an eye on the crucial resistance at $199—if the price breaks and holds above this level, it would invalidate this bearish outlook. Should the decline unfold as expected, we are looking at potential targets of $168, $139, and $119. Stay tuned for updates as the situation evolves!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XAU/USD Monday Trades ReviewToday's Trade Summary 📊
2x Trades Taken (1x Win & 1x Break Even) 📈
EUR/USD failed to gain enough momentum when the NY markets opened, so we closed for break even to protect our profits. XAU/USD (Gold) hit TP 1 for a 98.5 pips move, with all profits taken off the table at this time of writing, equating to a 1:1 Risk Reward gain. 💰🏅
I still expect XAU/USD to move to the upside, but I'm always a fan of securing the profits and being risk-free. I had 10% left in the trade, and I prefer to exit completely, enjoy the rest of the evening, and protect my psychology with a clean win to head into tomorrow's trading day positively. 📊😊
Hope you all had a great day and will catch you in the AM for tomorrow's trades. 🌞
Capital Club Team 💼
Gold will turn around and continue to riseGold prices rose during the Asian session on Monday. The metal's rise is supported by a weak USD and rising geopolitical risks in the Middle East. Speeches from Fed officials such as Fed Chair Michelle Bowman, Cleveland Fed President Loretta Mester and Minneapolis Fed President Kashkari on Tuesday will be notable. However, lower bets on a Fed rate cut this year and a hawkish stance from Fed officials could weigh on gold prices.
On Monday, US banks will be closed due to the Memorial Day holiday. Gold traders will wait for further cues from the Fed's statements on Tuesday. Of particular interest will be US GDP data for the first quarter on Thursday, which is expected to increase 1.5% in the first quarter. Stronger-than-expected data could strengthen the dollar and weaken gold prices.
XAUUSD : Gold retreated after the weekend sessionThe gold market has had a volatile week, recording record highs before plummeting. On Monday, the price quickly reached a new historic high of 2,450 USD but could only hold there for a short time and then retreated to close at 2,426 USD. On Tuesday morning, gold prices began to decline slightly but still had a retreat and closed at 2,421 USD. This small decrease turned out to be just a prelude to the coming storm.
The catalyst for the sharp sell-off appeared on Wednesday when the Fed released the latest version of the FOMC meeting. The minutes showed that Fed officials expressed concern about recent inflation reports, questioning the effectiveness of monetary policy in bringing inflation to the 2% target in a sustainable way.
On Thursday, gold continued to experience a large decline and after only 3 sessions, the price of gold rose to more than 120 USD from its historical peak of 2,450 USD.
Selling pressure also comes from the strong USD throughout the week. Although the DXY index fell 0.27% to close at 104.76, even this temporary weakness could not buoy the gold market.
However, geopolitical news that emerged over the weekend supported gold prices, at least temporarily halting the decline and possibly even opening up a recovery.
XAU continued to decline after the minutes of the latest FEDXAU price continued to decline as investors took profits after the latest meeting minutes of the US Federal Reserve (Fed) showed that interest rates will stay higher for a longer period of time.
After the release of minutes from the Federal Open Market Committee (FOMC) meeting, the Fed's decision-making arm, revealed that, although policymakers expected price pressures to eventually ease, But they have not fallen fast enough to warrant a cut to the federal funds rate target range, which will remain at 5.25% - 5.50% “at least through September.”
The market is paying close attention to the labor market, which remains an important factor for the Fed's monetary policy. Economists note that a tightening labor market will push wage inflation higher, which will increase consumer prices overall.
Gold dropped sharply after news from the FEDThe marketplace is paying near interest to the exertions marketplace, which stays an crucial thing for the Fed`s financial policy. Economists notice that a tightening exertions marketplace will push salary inflation higher, to be able to growth customer fees overall.
We anticipate traders will retain to shop for strongly whilst fees fall and we do now no longer anticipate gold fees to say no significantly." He brought that gold may want to attain the subsequent guide degree at $2,three hundred and if indicators display that the Fed is prepared to reduce hobby quotes that could be the subsequent predominant catalyst to assist gold fees rise.
After the discharge of mins from the Federal Open Market Committee (FOMC) meeting, the Fed's decision-making arm, found out that, even though policymakers anticipated charge pressures to subsequently ease, But they've now no longer fallen speedy sufficient to warrant a reduce withinside the federal price range fee goal range
XAU/USD Intra Day/Week Play - 27/05/2024With gold being at all time highs our analysis on this week's play was carried out on the Daily and 4hr to set a respectable tone to price action and what we anticipate seeing over the coming day(s) / week.
On the daily we see that price has finally exhaused itself to complete its upward move to the extreme supply zone of 2,440.372 and has now started to retrace back to key demand levels leaving behind it some imbalances on the daily and 4 hour.
Overall the ema's all support a bullish direction to which I believe we will continur but not before tapping into the unmitigated bullish order block at 2,317.065 and then heading upwards to seek out the extreme supply zone levels of 2,432.198
This all supports the inverse corrolation we anticipate happening with the greenback on this week's analysis also which can be seen below.
We are aware that CPI and Unemployment claums will greatly impact this technical analysis so it will be interesting to see how this week plays out.
Let me know your thoughts on this.
Hope you have a great week ahead.
Happy Trading.
The FX Capital Club.
SOYBN/USD Short and SUGAR/USD ShortSOYBN/USD Short
Minimum entry requirements:
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
USDCAD Strong sell following today's rejection.USDCAD is neutral on its 1D technical outlook (RSI = 50.081, MACD = 0.001, ADX = 32.778) as it formed a Lower High yesterday and today got sold aggressively. This is a Channel Down since the April 16th High, which having broken under the 1D MA50, has confirmed the continuation of the bearish price action. We expect the 1D RSI to at least hit the 30.000 level, as every rejection on the R1 Zone, saw the pair reach at least the 0.618 Fibonacci level. We are bearish, aiming at that level (TP = 1.34350).
See how our prior idea has worked out:
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Xauusd confirm sell Gold Price: Current Pricing, Prices Chart & Rate Graph
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 sell 2338
Target 2330
Target 2318
Target 2305
USDJPY: Intraday Bullish Confirmation ?! 🇺🇸🇯🇵
USDJPY broke and closed above a key daily structure resistance.
Analysing an hourly time frame, I spotted a strong bullish confirmation
- breakout of a resistance line of a bullish flag pattern.
We see a positive bullish reaction to that after the release
of the yesterday's fundamentals.
I will expect growth to 157.5
❤️Please, support my work with like, thank you!❤️
Gold continues to decline after 2 daysSpot gold prices continued to decline on Thursday, with the lowest trading level at 2,327.28 USD. The precious metal fell sharply for the second straight week, with the USD initially taking advantage of the hawkish FOMC meeting minutes. Documents released on Wednesday showed officials expressed concern about the lack of progress in achieving the 2% inflation target, but remained confident that inflation would fall. However, a rate cut seems unlikely before September. The announcement weighed on the stock market, pushing Wall Street to close lower.
XAUUSD : Gold will have a reversal todayAfter only 2 consecutive falling sessions, world gold price (XAU/USD) has dropped more than 100 USD if calculated from the high on May 22. Since the historic peak of 2,450 USD, XAU/USD has dropped more than 120 USD in just 4 sessions.
Gold has been at a disadvantage since Wednesday's hawkish FOMC meeting minutes. Just yesterday, preliminary PMI data were released with a spike in the services sector, which accounts for about two-thirds of US economic activity. Data shows the US economy remains strong, despite high interest rates, further pushing back investor expectations for the Fed to cut interest rates soon this year.
TD Securities commodity strategist Daniel Ghali said that although the greenback's recovery and the weakening interest rate outlook have triggered a sell-off in the gold market, the correction will not be too deep. According to him, gold is adjusting to the view that the Fed will maintain high interest rates for a longer period of time, while at this meeting, the Fed mentioned the possibility of raising interest rates if inflation remains "persistent".
UBS Bank recently raised its gold price forecast to 2,600 USD by the end of 2024 and advised investors to wait to buy at about 2,300 USD or lower.
