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Gold has retest the resistance and reject now it can go down ?I hope this analyse finds you well. I wanted to bring your attention to the latest developments in the gold market. Despite facing headwinds from a strengthening US dollar, gold prices are poised for their fourth weekly rise in five weeks. This resilience can be attributed in part to the supportive stance of the US Federal Reserve, which has maintained its commitment to interest rate reductions throughout the current year. The recent surge in the US dollar, now on track for its second consecutive week of broad gains, has exerted downward pressure on gold prices. This trend follows noteworthy events such as Japan's unsuccessful interest rate hike and Switzerland's surprise interest rate cut, highlighting the contrasting monetary policies between the US Federal Reserve and its global counterparts. In light of these developments, it's essential to stay informed and agile in our investment strategies. Should you have any questions or require further clarification, please feel free to reach out.
OANDA:XAUUSD
by Alexview009
The Great Wall of 1.0805 Daily Level 🐼Enough to Stop the Risk-Off Sentiment? Daily Level 1.0805 may act as a temporary support level and we may observe a bounce and retracement early in the week here. During the first session of the week, Asian has observed some nice volatility off this Daily support level created on March 1st of this Month. 18 pips bounce already and I anticpate that by the end of New York session we will observe some sort of dead cat bounce after the freefall drop from the prior week. Target for a retracemnet is 1.08279 4hr zone. Retracements are a healthy part of a trending market but we don't have to bounce necessarily. We may very well just cntinue to drop towards our next siginifcant level and clear a 40 pips range down to Weekly Support level 1.0768. Intro and monthly timeframe 0:0 Weekly timeframe 2:13 3:52 daily timframe 6:29 4hr timeframe 7:49 1hr timeframe
by ShrewdCatfx
TECHNICAL TUESDAY 3/26/24Today may or may not pan out as far as triggering an entry. As of right now we are hitting 2 out 5 on the checklist which means, NO ENTRY. Will revisit at 0845. what will I be looking for? US Core Durable Goods Orders US Durable Goods Orders Why? Because 'actual' less than 'Forecast' is good for precious metals. If this happens at 0830, Ill feel better about entering the buy stop. Why will I not be selling even if given a signal? Welp Jimothy, because its above water and thats a no-no. And for the love of sweet baby Jesus, please dont over leverage. ********Disclaimer******** The trade ideas and insights provided on this channel are for informational and educational purposes only and should not be construed as financial advice. Trading involves substantial risk and is not suitable for everyone. You should carefully consider your financial situation and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. The content shared here is based on personal opinions, analysis, and interpretation of market trends, and it may not always be accurate or up to date. By participating in these trade ideas and insights, you acknowledge that you are solely responsible for your own investment decisions and any outcomes that may result. The moderators and administrators of this channel shall not be held liable for any losses incurred from trading activities. Always conduct your own research and due diligence before engaging in any trading activities.
OANDA:XAUUSDLong
by iMosiah
UJWe are still holding and waiting before actually placing this order. We need more confirmation, especially that of high volatility and high impulsive energy before we are certain. Wait for the break of the current channel. Waiting for retest Enter - Those are the rules for this idea before we even enter. It looks tempting and a break of 151.200 looks like the magic price but its just a level to watch not to trade on. Always remember these forecasts / ideas / predictions are all mine not ours, not for you. This is my way of journaling and keeping record for myself and own trades, anyone that follows this advice, idea or sentiment is by your own risk and own decision.
by Mhangwane1
DXY is rising, target 106.5 (3/25/2024)Hello Traders After the FED interest rate decision, USD markets faced some volatility, now it seems the DXY market has decided its direction. DYX had an upward momentum from "28 Dec 2023" until mid of "Feb 2024", we faced some correction after that until 8 March when NFP and Unemployment news were released. Since then DXY has been rising slowly but surely, We expect this bullish momentum to stay alive until mid of "April 2024" with a 106-106.7 target. DXY has made an AB=CD pattern. The AB leg and the BC leg have been made, so we believe that the market right now is going to build the CD leg. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
ICEUS:DXYLong
by fortunamarkets
2
USDZAR to 13 rands per dollarBased on the chart, Im seeing nothing else but a sell from here. Weekly has a crazy divergence between the price and the RSI. A Top was created in February 2016. Range 19 to 20 rands is a liquidity area. from here if price does not break above 20 rands, then expect more price drops from here. Based on my TA, from November 2023 till 22 January 2024 we were in a correction cycle to complete wave cycle 2, so from here im expecting a further drop for wave cycle 3 an Impulse down which always comes after correction, then once wave cycle 3 is complete then i will come with an update because we need to also have wave cycle 4 and 5. So basically this year is gonna be changing for Rands against dollar. Im just here wondering on whats gonna happen with the S.A politics which is gonna lead to rand gaining strength against the dollar, but lets watch and we gonn see. Im just excited for this year man.
Short
by Theofylrx
12
EURUSD - Short Trade IdeaBearish trade idea on EURUSD. The next DOL/Target from my point of view is the REQLs below 1.0795 at the first objective. My POI to look for a short is within the 12h Sibi residing not too far away which is also a Unicorn setup. There is news on Tuesday, either to initiate the manipulation and reversal, or continuation of the reversal that will happen today (Monday, 25th March 2024). This is what I am anticipating and will wait for price to show evidence of a reversal before initiating a short. - R2F
Short
by Road_2_Funded
4
UJHad a beautiful setup with this last week, added entries along the way. Had a buy limit which wasn't triggered but the forecast was correct. Our aim is to be the best meteorologists out there. Current price is consolidated, which indicates that we are about to have an impulse (demand order). This will help us determine which direction we set our orders. Opening will also help give us perspective on where and what we need to look out for. But we did get a double top, so we should expect a bear run but it is not certain or guaranteed yet. If we close below 150.500 then we can start looking for entries. TRADE IDEA : wait for price first Sell Stop SL - 151.25 Entry - 150.45 TP -146.5
Short
by Mhangwane1
2
DXY : A bull run?Before anything , I have spent 8 years navigating the financial markets, with Level 3 CFA and a Master's in Finance under my belt, I've seen my fair share of trends. The value of the US Dollar Index is influenced by several factors, including decisions by the Federal Reserve (Fed), US government actions, and the overall health of the US economy. The Fed's monetary policy, statements by the US administration, and US economic data all play a role in how strong the US dollar is compared to other currencies. and you can check this link and take a look on the technical bias: www.investing.com As we can see a Resistance level at 104.42-104.45 and a Support level powered by a fair value gap on daily time frame at 103.2-103.8.
TVC:DXYLong
by theegxtrader
Is DXY about to pump to 105.??Based on the daily chart, I'm expecting a correction to 105 before bearish continuation. If 105 does not hold then we like will see dollar getting strong, so that leaves a question of whats gonna happen to pairs trading against the dollar?? but I am expecting 105 to hold, then from then bearish continuation to complete wave 5 since if 105 holds then our wave 4 will be around that price. In summary: Pump to 105 is expected. 105 breaks then expect 108. 105 holds then expect further drop on DXY till new Lows below 100.
TVC:DXYLong
by Theofylrx
2
XAUUSD Technical Analysis 20th March 2024 1h chart– Tuesday Daily candle closed weak Bearish around 2157.600 as price rejects the previous Daily Low, I’ll be looking for potential Buys above 2163.000 targeting 4h Resistance around 2169.500 and next 4h Resistance around 2175.000, I’ll be looking for potential Sells below 2151.300 targeting 1h Strong Support around 2144.300 and 30min Previous Strong Resistance around 2135.000. High Impact News ahead of the New York session for the US Dollar for Bank Rate decision which may bring High Volume to the market.
OANDA:XAUUSD
by SalimFX20
6
Trading with the Risk-Off Sentiment 🐻📉 Hello Traders! Welcome back to another Top-Down Analysis of EurUsd. I've found that only trading 1 Pair/Instrument is a great way to reduce your risk exposure in the markets. There are a few reasons for this --- 1) I only have to pay attention to the news announcments for the -EUR & -USD 2) The currency pair has it's own nuances and characteristics that I may not understand If i were to trade many pairs. 3) It's session-session behavior is easier to follow since I'm only following 1 pair With that said, Eur/Usd did decrease over the previous session as I anticipated and called out in the Analysis. This was for a few reasons.. Market sentiment has shifted to risk-off slightly due to increasing inflation and better than expected NFP jobs data (also boosts inflation). We also have interest rates in 2 days and there is uncertainty about that.. (even more of a reason to buy the safe haven dollar) Next target for shorts is 1.08510.. In the meantime it is possible that we may pullback to 1.089 Daily resistance level that was created today for a last minute retest before more downside to come. I have a strong Bearsh bias leading up to interest rates here 0'0 intro and monthly timeframe 1:41 weekly timeframe 3:02 daily timeframe 517 4hr tiemfame 8:01 1hr timeframe
Short
by ShrewdCatfx
1
DXY Index Can Go Up by Classical Technical Analysis Pattern🚀🏃‍♂️The DXY Index is moving in the 🟢 Support zone($102.87-$102.43) 🟢. 📈 Regarding Classical Technical Analysis , the dollar index has successfully formed an Inverse Head and Shoulders pattern . 🌊According to the theory of Elliott waves , the dollar index has completed a Zigzag correction(ABC/5-3-5) in the 🟢 Support zone($102.87-$102.43) 🟢. 🔔I expect the DXY Index to rise to at least the 61.8% Fibonacci level and Resistance lines . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
9