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keep calm XAUGOOD MORNING everyone for more info, check the signature space below 🔽 HERE WE ARE, Traders. I kindly ask you to leave a like below the image. if you want to continue receiving free analysis. It costs you very little, but it makes a huge difference for me. ^GOLD ANALYSIS^ The weekly close makes me think of a continuation long until the 2300 level is decently invalidated; the breakout happened, but it's not enough for me. On the daily level, I would expect a SMT (play) below the lows where I marked the chicken, and then look for an upward movement from there. We have two zones to keep under control. As you know, I only trade New York, so I don't trade until 14:00. Plus, we have news at 14:30. Monitor it, and we'll update live. Let me know what you think in the comments! Thank you very much, everyone. For any doubts or questions, don't hesitate to write to me; I will be happy to answer you. for more info, check the signature space below 🔽 -Have a good day -Happy trading -Use stops -Manage risk
OANDA:XAUUSD
by X_GoldenBoy_X
Hellena | EUR/USD (4H): Long to resistance area at 1.08843.Dear Colleagues, I believe that the price is in the impulsive movement of the senior wave “3” and in the junior corrective wave “2”. Therefore, I expect the price to correct to the area of 50% - 61.8% Fibonacci levels at 1.07217, then I expect the upward movement to continue and reach the resistance area at 1.08843. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
5
Future Forecast for GBPUSD== KEY TAKEWAYS == + There were four-month lows for the pound sterling relative to the US dollar. + It appears that GBP/USD will be vulnerable coming up to UK inflation week. + The pound sterling maintains its bearish technical indication target at 1.2400. The US dollar (USD) continued to lose ground against the pound sterling (GBP), causing the GBP/USD pair to drop below 1.2500 for the first time in four months. The pound sterling continues to decline. GBP/USD sellers made a strong comeback this week following a respectable recovery in the earlier part of the week due to renewed demand for the US Dollar. Rising geopolitical tensions in the Middle East and expectations surrounding the US Federal Reserve's (Fed) policy turn contributed to the Greenback's rise to its highest level against its main peers in five months, above 105.00. The US Consumer Price Index (CPI), the week's primary event risk, came in hotter than anticipated, dashed hopes for a June Fed rate cut. According to data provided by the US Bureau of Labor Statistics (BLS) on Wednesday, the US CPI increased 0.4% MoM in March, exceeding predictions of 0.3%. In the same time frame, the Monthly Core CPI increased by 0.4% as well, exceeding estimates of 0.3%. Against the 3.4% market estimate, the yearly headline CPI increased by 3.5%. Compared to the around 52% odds observed prior to the data release, markets are now pricing in only a 22% possibility of the Fed cutting rates in June. There is a 70% chance that the Fed will decrease rates during its September meeting. The rationale for delaying the Fed's policy change was further reinforced by the hot US core Producer Price Index (PPI) for March, hawkish remarks from a number of Fed policymakers, and the minutes of the Fed's March meeting. All of these factors combined to keep inflation high despite a robust economy. The US and its allies believe major missile or drone strikes by Iran or its proxies against military and government targets in Israel are imminent, in what would mark a significant widening of the six-month-old conflict, according to a Wednesday Bloomberg report that cited people familiar with the intelligence. Concurrently, Russia, Germany, and the United Kingdom united on Thursday to urge Middle Eastern nations to exercise moderation, particularly in light of the growing danger of an impending Iranian attack on Israel. Israel declared that it was getting ready to "meet all its security needs" in case Iran launched an airstrike. This comes after Iran threatened to exact revenge for the airstrike that killed a senior Iranian general and six other Iranian military officers on April 1st at its embassy compound in Damascus, Syria, raising tensions that were already high due to the Gaza conflict. Severe geopolitical concerns continued to hurt the safer-haven US dollar while strengthening the higher-yielding pound sterling. However, Megan Greene, a policymaker at the Bank of England (BoE), gave some consolation to the British Pound with her hawkish remarks. Greene hinted on Thursday that rate cuts from the BoE are still a ways off, saying that "UK services inflation remains much higher than in the US." In the face of persistent US Dollar strength on Friday, GBP/USD remained susceptible despite a slight recovery from four-month lows of 1.2511. The solid industrial data for February and the UK GDP, which was estimated to be in line with expectations, did not inspire the buyers of pound sterling. Following a 0.3% recovery in January, the Office for National Statistics (ONS) released its most recent figures on Friday, indicating that the UK economy grew by 0.1% in February. In the stated period, a 0.1% expansion was anticipated by the market. According to additional UK data, February saw monthly increases in manufacturing and industrial production of 1.2% and 1.1%, respectively. The week ahead: UK CPI remains on tap After a hectic week, traders of the pound sterling are getting ready for a data-light week, with the UK CPI inflation report for March serving as the sole major event. On Wednesday, the inflation statistics will be made public. Prior to that, policymaker Sarah Breeden of the BoE will speak earlier that day, while the US docket will include the March Retail Sales report on Monday. Tuesday is when the UK jobs data is expected to be released. BoE Governor Andrew Bailey is scheduled to appear at the International Monetary Fund (IMF) Spring Meetings later that day. On Wednesday, Bailey will talk once more at the Institute of International Finance Global Outlook Forum. The US weekly Jobless Claims and the Existing Home Sales figures for March will be released on Thursday. Lastly, following the publication of the UK Retail Sales figures for March, BoE officials Dave Ramsden and Sarah Breeden will make their scheduled appearances on Friday. Additionally, market participants will be keenly examining the remarks made by Fed policymakers to see if they support the bets on postponed rate decreases. GBP/USD: Technical Outlook Technically speaking, the short-term outlook for GBP/USD is still bearish as sellers attempt to prolong the decline from the rising channel that was seen a few weeks ago. The 14-day Relative Strength Index (RSI) indicator is still susceptible to further falls because it is still below the midline, close to 40.00. The sellers of pound sterling produced a long-lasting breach below the 200-day SMA, which is horizontal and located around 1.2584, supporting the bearish bias. In order to continue the decline toward the low of 1.2449 on November 22, sellers must establish a firm foothold below the 1.2500 round number. The lows of November 16 and 17 line at 1.2375, which is the location of the next significant support. Alternatively, the short-term selling pressure may lessen if buyers are able to consistently close above the 200-day SMA at 1.2584. A significant rebound in the GBP/USD pair might then occur, heading toward the confluence resistance zone between the 1.2650 and 1.2670 area. The convergence of the 21-day, 50-day, and 100-day SMAs is located there. For buyers of pound sterling, the rising channel support that turned resistance at 1.2790 will be a difficult nut to crack further up.
by Michael_Harding
Gold is in Periods of consolidation and range from 2146 to 2186.Gold Trade Idea Gold is in periods of consolidation and ranges from 2146 to 2186. The mentioned area will be best for scalping in a short time frame. But if you want to confirm the bullish and bearish momentum, then go head-to-head for a swing trade above or below the mentioned area of 2146-2186. The trend on H4 and Daily time frame is still bullish but in short time frame like M30, M15 and H1 the momentum has change from bullish to bearish. My target in Gold will be more high as you think that!
FOREXCOM:XAUUSD
by Bloom_Forex_Official
WOOUSDT: Anticipating a 200% Growth Opportunity⚪ WOOUSDT staged a robust breakout above the supply zone back in March this year, setting the stage for subsequent developments. Although the price has generally trended downward since, a significant pattern emerges with three consecutive bounces off the $0.15 demand zone over the past eight months. ⚪ Recent price action further reinforces a positive outlook. The uptrend trendline has been consistently respected, culminating in a break above the downtrend trendline. This alignment signals a long-term bullish stance, and we are actively considering a long position on a potential pullback. ⚪ In terms of growth potential, WOO shows remarkable promise, with the potential for nearly 200% growth in the coming months. As always, we'll provide a detailed buy setup in our channel to support your trading decisions.
Long
by CryptoPAMM
The Growth of Social Trading and Copy Trading ServicesExploring the Expansion: The Growth of Social Trading and Copy Trading Services Introduction Social trading and copy trading services have witnessed significant growth in recent years, becoming increasingly popular among both novice and experienced traders alike. These innovative trading styles leverage the power of community and technology to offer a more accessible and potentially profitable trading experience. Understanding Social Trading Social trading refers to a trading approach where individuals can observe and follow the trading behaviors of experienced and successful traders. This platform allows traders to share their strategies, insights, and decisions with a broader audience. Social trading platforms often feature forums, discussions, and social feeds where traders can interact, learn, and share their knowledge, fostering a collaborative trading environment. Unpacking Copy Trading Copy trading, a subset of social trading, enables traders to replicate the trades made by more experienced counterparts automatically. When the expert trader executes a trade, the same trade is mirrored in the account of the follower in real-time, allowing them to benefit from the expertise and insights of seasoned traders without needing to spend time analyzing and making trading decisions themselves. The Growth Drivers 1. Accessibility & Ease of Use: Copy and social trading services have democratized access to trading, making it simpler for newcomers to enter the markets. Users can register, follow skilled traders, and start trading with relative ease, reducing the learning curve typically associated with traditional trading. 2. Community Support: These platforms cultivate a sense of community, providing a support network for traders. This collaborative environment is especially beneficial for beginners who can engage with and learn from experienced traders, gaining valuable insights and confidence. 3. Risk Management: Copy trading allows novices to leverage the risk management strategies employed by expert traders. Since each trade is automatically mirrored, the follower benefits from the careful planning and analysis conducted by the experienced trader, potentially leading to more informed and safer trading decisions. 4. Technological Advances: The rapid development of trading technologies has facilitated the rise of social and copy trading. Advanced algorithms, user-friendly interfaces, and real-time execution of trades contribute to an efficient and effective trading experience on these platforms. The Future of Social and Copy Trading The landscape of social and copy trading is expected to evolve further with continuous technological advancements and increasing user demand. Artificial Intelligence and Machine Learning are likely to play crucial roles in enhancing the analytical and predictive capabilities of these platforms. Additionally, as the user base grows, traders will have access to a richer diversity of strategies and insights, further enriching the community learning experience. Risks and Considerations While social and copy trading offer numerous benefits, traders should also be aware of the associated risks. The reliance on expert traders means that followers must carefully select who they decide to copy, considering their trading style, risk tolerance, and track record. Furthermore, like all forms of trading, there are no guaranteed returns, and users should trade responsibly, bearing in mind their financial situation and risk appetite. Conclusion The surge in social trading and copy trading services underscores the transformative impact of technology and community on the trading industry. By providing accessibility, community support, risk management tools, and benefiting from technological advancements, these services have opened up trading to a broader audience, offering a unique and engaging way for traders to navigate the financial markets. However, users should approach with caution, understanding the risks involved, and making informed decisions when participating in social or copy trading.
BITSTAMP:BTCUSDEducation
by JS_TechTrading