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R2F Weekly Analysis - 26th May 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. Without any prior preparations on the chart, I'm going to go through various pairs, and giving a real-time view of how I perform my analysis on the weekends before the new week. I'll give my take on what has been happening, and what i'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it! If you are lazy to watch the video, which is your loss as you will miss how I analyse the market. Currently, the sentiment is still the same as last week's analysis. I am mostly keen to see how this monthly closes on the DXY. If we can close above the nearest Monthly gap and create new Weekly gaps higher, I would be keen to hunt for a short on XXXUSD pairs and longs on USDXXX pairs. If we do expand higher before the month is over, via a news event or convincing manipulation, then I would also be interested in the same as sooner or later I am anticipating a bullish USD. - R2F
OANDA:SPX500USDLong
by Road_2_Funded
GOLD (interest rates would remain elevated for a longer period)Gold prices fell to a one-week low on Thursday, marking the third consecutive session of decline. This drop is attributed to profit-taking following the release of the Federal Reserve's latest meeting minutes, which suggested that interest rates would remain elevated for a longer period. Technical Analysis of Gold: The price of gold declined after breaching the 2410 level, hitting our previously mentioned targets. Currently, gold maintains a bearish outlook, likely to reach 2354 and 2344 due to the ongoing high inflation rates addressed by the Federal Reserve. However, if the price stabilizes above 2369 and closes a 4-hour candle above this level, it may attempt to reach 2388. Pivot Price: 2369 Resistance Levels: 2388, 2397, 2410 Support Levels: 2354, 2328, 2308 Today's anticipated trading range is between the support level at 2344 and the resistance level at 2388. Previous idea:
OANDA:XAUUSDShort
by SroshMayi
1
Could price bounce from here?Gold (XAU/USD) has just reacted off the pivot which has been identified as an overlap support and could potentially rise to the 1st resistance. Pivot: 2,328.50 1st Support: 2,287.12 1st Resistance: 2,373.25 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.
ICMARKETS:XAUUSDLong
by ICmarkets
Potential bullish rise off overlap support?XAU/USD has just bounced off the support level which is an overlap support that lines up with the 61.8% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 2,375.22 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 2,357.98 Why we like it: There is a pullback support level which lines up with the 78.6% Fibonacci retracement. Take profit: 2,407.98 Why we like it: There is a pullback resistance level which is slightly below the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDLong
by VantageMarkets
Potential bullish rise?Gold (XAU/USD) has reacted off the pivot and could potentially rise to the 1st resistance. Pivot: 2,409.34 1st Support: 2,372.23 1st Resistance: 2,474.46 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.
ICMARKETS:XAUUSDLong
by ICmarkets
GOLD to continue in the upward move?XAUUSD - 24h expiry Buying continued from the 78.6% pullback level of 2398.5. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to buy on dips. Price action resulted in a new all-time high at 2450. 20 4hour EMA is at 2406.5. Our profit targets will be 2446.1 and 2456.1 We look to Buy at 2401.1 (stop at 2383.1) Resistance: 2430.0 / 2450.1 / 2473.2 Support: 2406.1 / 2390.0 / 2370.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
HelenP. I Gold will rebound of resistance zone and start fallHi folks today I'm prepared for you Gold analytics. Some days ago price declined to the trend line, and even fell lower, breaking this line, but soon turned around and made impulse up to the 2275 support level, which coincided with the support zone. Soon, Gold broke this level, made a retest, and continued to grow to the resistance level, which coincided with the resistance zone too, after which rebounded and declined to the trend line. Then the price broke this line again and fell to the 2275 support level, where it some time traded and later rebounded and started to move up to the 2430 level. When Gold reached the resistance level, it even entered to resistance zone, but after it touched the trend line, XAU at once rebounded and declined below the 2430 level, making a fake breakout. Just now, the price continues to trades near this level and I expect that Gold will enter to resistance zone again and then start to decline. Therefore I set my goal at 2355 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
R2F Weekly Analysis - 19th May 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. Without any prior preparations on the chart, I'm going to go through various pairs, and giving a real-time view of how I perform my analysis on the weekends before the new week. I'll give my take on what has been happening, and what i'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it! If you are lazy to watch the video, which is your loss as you will miss how I analyse the market, the TLDR is that my bullish Dollar bias is on hold until I can see May's candle closes. However, I am slightly leaning for a possibly bearish Dollar to the Yearly Bisi below, but as we know things can change in an instant as this year is also election year in the USA. All my analysis of other pairs revolve around my opinion of the DXY. Hit me up if you have any analysis request or just want to learn how to do all of this independently by yourself. - R2F
by Road_2_Funded
HelenP. I Gold will start to decline to trend line in triangleHi folks today I'm prepared for you Gold analytics. A few moments ago price reached support 2, which coincided with the support zone and some time trades in this area, after which broke support 2. After this price started to grow inside the triangle, where it rebounded from the trend line and made a strong impulse up to the resistance level, which coincided with the resistance zone, breaking support 1 also. Then Gold turned around and made a correction to support 1, which coincided with one more support area, and some time traded near this level. After this price rebounded from support 1 and rebounded up to the resistance line of the triangle, and just now continues to trades near this line. For this case, I expect that Gold will reach a resistance level and even enter to seller zone, after which turn around and start to decline to the trend line, which is the support line of the triangle too. That's why I set my target at 2330 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
1
XAUUSD Bullish scenario - 4HRSimple trading - Cup and handle pattern Watch gold to see if the handle will be filled. I have marked the probable retracement using the FIBB (purple lines) If gold manages to hold above .618 or 2340 we can look to continue buying. With the DXY making its way back up after testing previous support (104.05) it is only a matter of time before GOLD gets the pullback it deserves. If GOLD wants to remain bullish on the macro level it needs to make a macro pullback to gain its momentum. This week Powell gave the dollar a bullish outlook for the remaining quarters. With a natural dollar into Q2, start taking profits on buys and get ready for more sell pressure in the markets. **Gold bearish scenario will come out this weekend if gold remains below 2400. These are just my thoughts, not financial advice.
OANDA:XAUUSD
by nikdobii
Potential bullish rise off 38.2% Fibonacci support?XAU/USD has just bounced off the support level which is an overlap support that lines up with the 38.2% and the 50% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 2,374.74 Why we like it: There is an overlap support level which lines up with the 38.2% and the 50% Fibonacci retracement. Stop loss: 2,358.30 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Take profit: 2,397.10 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDLong
by VantageMarkets
1
Gold continues to trade around the all-time highs.XAUUSD - 24h expiry Price action continues to trade around the all-time highs. Buying continued from the 61.8% pullback level of 2372.7. Previous resistance at 2370 now becomes support. The primary trend remains bullish. Preferred trade is to buy on dips. 20 4hour EMA is at 2366.4. We look to Buy at 2370.2 (stop at 2356.2) Our profit targets will be 2405.2 and 2411.2 Resistance: 2397.5 / 2417.9 / 2431.6 Support: 2380.0 / 2370.0 / 2355.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
Could price drop from the 61.8% Fibonacci resistance?The gold (XAU/USD) has just reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support. Pivot: 2,359.93 1st Support: 2,331.99 1st Resistance: 2,378.45 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.
ICMARKETS:XAUUSDShort
by ICmarkets
What did Powell say and what did gold do? Federal Reserve Chair Jerome Powell expressed reservations about the trajectory of disinflation in the US during his recent remarks, stating, "My confidence in that is not as high as it was." Despite this, he indicated that further rate hikes were unlikely based on the data from the first quarter of the year. Powell's comments largely echoed those made during his last press conference following the Federal Reserve's previous meeting. Market sentiment regarding the Fed's rate decisions appears to be slightly adjusting though, particularly after the release of new data showing faster-than-expected increases in producer prices in April. Traders are now considering a 60% chance of a rate cut in September, down slightly from the 64% chance before Powells remarks and the Producer Price Index (PPI) report. Following the release of the PPI data, the XAU/USD pair climbed nearly 0.8% to $2,357, with potential for further gains in upcoming trading sessions. Technical analysis indicates that the next obstacle for gold prices lies near trendline resistance at $2,370, while immediate support rests close to $2,320, followed by the 50-day Moving Average. Market attention now turns to the release of consumer price data for April, scheduled for Wednesday.
BLACKBULL:XAUUSD
by BlackBull_Markets