Last week we had strong market fluctuations - Looking from the US economic perspective, we see that with the economic indicators announced last week, we see a number of important issues. - ISM PMI index, which is an index measuring the development of the industry, is lower than 50 standard units of this index, signaling that the industry is slowing down. - The...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it at once broke $2375 level and fell to support line of channel. Then price some times tried to rise, but anyway fell back to support line, which coincided with $2320 level. Later Gold made upward impulse higher...
12th June (FOMC Decision Pending) DXY: Could test and reject 105.60 resistance before trading lower (dovish FOMC) down to 105 support. NZDUSD: Buy 0.6170 SL 25 TP 45 (DXY weakness) AUDUSD: Sell 0.6560 SL 20 TP 65 (DXY strength) USDJPY: Look for reaction at 158 resistance Buy 158.20 SL 40 TP 115 or Sell 157.70 SL 40 TP 115 GBPUSD: Sell 1.2750 SL 25 TP 60 (DXY...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
SELL scalp 2315-2320 SELL swing 2332-235 -- The economic easing through some of crucial banks in lots of primary nations has triggered the neighborhood currencies of those nations to decline, thereby pushing the USD up. Gold fees are thereby situation to corresponding downward strain as a not unusualplace rule. However, due to the fact gold rate had dropped very...
Gold, after modest gains over the past two days, trades with a negative bias during the early European session on Wednesday. This slight downturn, however, lacks momentum as traders await crucial US economic data releases later in the day. Market Sentiment and Anticipated Economic Data Traders are keenly focused on the upcoming consumer inflation figures from...
Here on Gold price has been falling after the news released of Non- Farm Payroll so it made some up moving this is like to fall after the retetest . So is expected to go for SHORT and apply money management.
The greenback is growing towards a brand new excessive for the yr on hypothesis that Wednesday`s US inflation analyzing and Federal Reserve coverage selection will boom demand. The Bloomberg Dollar Spot Index rose Tuesday for a fourth instantly session, hiking a complete of 1.1% in that period, amid assist from final week`s record of US jobs increase and...
Gold Charts Is Showing Bull flag pattren We Have Best Buying Opportunity Arount 1992 Signal Also Available on channel next targets 2015 to 2060 dont miss this opportunity stay tuned for more updates
The Japanese Yen remains weak as the BoJ is expected to maintain current policy in June The Japanese Yen fell slightly as the BoJ is expected to maintain current interest rates on Friday. Japan's stable stock market has weakened the JPY. The US dollar held firm as the likelihood of two Fed rate cuts in 2024 decreased. USD/JPY traded around 157.20 on Tuesday....
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...
💥Gold prices (XAU/USD) entered a bearish consolidation phase and hovered near their lowest level in more than a month, below the $2,300 mark. 💥The widely known Nonfarm Payrolls (NFP) report showed that the world's largest economy created more jobs than expected in May, forcing investors to cut bets on the round. interest rate cut in September by the Federal...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2328, which is a pullback resistance and a 38.2% Fibonacci retracement. Our take profit will be at 2291, a multi-swing low support level. The stop loss will be at 2360, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Analyzing the provided gold (XAU/USD) chart on a 4-hour timeframe, here are the potential scenarios based on the CPI data release: 1. *Positive CPI (Higher than expected inflation):* - *Interest Rate Hike Likely:* If CPI data is positive (indicating higher inflation), the Federal Reserve might consider raising interest rates to combat inflation. This scenario...
Nasdaq is on a really impressive run, gaining over 80% in less than 2 years/ As with all good things, they must come to an end... for a short period of time atleast = correction. This diagonal is a typical pattern for a reversal. Unlikely that we'll see a big reversal so it could be just a bearish correction for the next move higher. We have some structure...
Hello,Traders! GOLD is making a bullish Rebound from the horizontal Support of 2285$ just as We predicted but the price Will soon hit a horizontal Resistance level of 2327$ From where a local Bearish pullback Will be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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 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...