BTCUSDOne of my sell positions for BTCUSD during the tradingview competition (up $8,200). Sell on the theory markets range 70% of the time. LTF breakdown suggest HTF continuation.
Forexsignal
Gold confirms uptrend, entry buy todayGold prices fell in today's Asian session, consolidating some recent gains as traders turned more biased towards the dollar ahead of key US inflation data later in the week.
The yellow metal saw some strength last week as some signs that the US economy was cooling sparked speculation of a rate cut by the US Federal Reserve (FED). capacity in 2024.
However, gold remains below record highs hit in April and is expected to trade in a tight range ahead of this week's inflation data.
The broader gold and metals market is ahead of key US inflation indicators this week.
Producer price index data for April will be available on Tuesday, while more closely watched consumer price index data will be available on Wednesday.
Any signs of inflation trouble are likely to further dampen expectations for a U.S. interest rate cut this year, boosting the dollar and pressuring metals prices.
The greenback stabilized after recent fluctuations. Data on Friday showed US consumer confidence weakened significantly in May, but inflation forecasts remained high next year.
Rising precious metals prices were also pressured by this week's inflation figures, as higher interest rates for longer increased the opportunity cost of investing in metals markets.
GBPAUD sellThe GBPAUD currency pair is beginning to form a structure for further decline. The downward trend seems to have solidified well. The previous major volume zone in the uptrend did not prove itself and was breached. As a result, this leads me to consider further potential downward trend. It seems logical to wait until the price returns to a better entry point, where I could short in a average term swing trade, at least until the first zone, which is at 1.87086.
Gold Prices to Continue the Bullish Trend During 2024As 2024 unfolds, gold prices are poised for a significant surge due to the economic and geopolitical forces that underline a strong bullish trend in the market. Despite the challenges posed by a strengthening U.S. dollar and hawkish stances from the Federal Reserve, gold has maintained robust performance. This strength is further supported by a marked increase in global demand, as highlighted in reports from the World Gold Council.
Investments in the over-the-counter markets, steadfast buying by central banks, and rising demand from key Asian economies like China and India underscore gold’s dual role as a traditional safe haven and a crucial hedge against currency risk and inflation. These factors, combined with an uncertain geopolitical landscape and the potential for softened Federal Reserve policies, are crafting an environment ripe for gold’s value to climb, making it an increasingly attractive investment for 2024 and beyond.
💵 SELL TVC:GOLD 2365-2367💵
✔️TP 2355
✔️TP 2345
❌SL 2375
💵 BUY TVC:GOLD 2340 - 2342💵
✔️TP 2350
✔️TP 2360
❌SL 2333
Understanding the Technical Bullish OutlookTechnical analysis of gold also shows bullish prospects. Gold prices have charted an ascending widening wedge pattern since 2016, starting from a low of $1124.30. This pattern is often recognized for its expanding trend lines and suggests increasing volatility and bullish sentiment as price makes higher highs and lows.
Furthermore, another bullish pattern has emerged within this ascending expanding wedge pattern: the formation of an inverted head and shoulders pattern, often considered a reversal pattern indicating a transition from the market price reduction to price increase. The head of this pattern formed at $1622.20, with shoulders completed at $1673.30 and $1810.80.
The key aspect of this pattern is the break above the neckline at $2075 in March 2024, signaling a strong long-term breakout. This breakout is significant because gold prices have stabilized below the key pivot point of $2075 for several years. A successful breach above this level suggests a potential rally to $3000, marking the initial target set by the ascending expanding wedge pattern.
💵 SELL OANDA:XAUUSD 2365-2367💵
✔️TP 2355
✔️TP 2345
❌SL 2375
💵 BUY OANDA:XAUUSD 2340 - 2342💵
✔️TP 2350
✔️TP 2360
❌SL 2333
Geopolitical tensions push gold prices higherCadastral tensions have boosted XAU prices
This weekend, the US Consumer Price Index (CPI), Producer Price Index (PPI) and Retail Sales will be released and may give some hints about the economic outlook and inflation trajectory. broadcast.
Senior FED officials have given information that cutting interest rates in 2024 is appropriate, citing inflation still rising in the first few months of the year. Cutting interest rates in 2024 is appropriate, given that inflation remained elevated in the first few months of the year.
On the other hand, the Israeli army announced that it conducted military operations in northern Gaza overnight and "precision operations" targeted the east, near the Rafah border, as well as in the Zeitoun neighborhood, the center Gaza
Ongoing geopolitical tensions in the Middle East have contributed to the increase in the price of gold, a traditional safe-haven asset.
Will XAUUSD come back or continue to increase strongly?World gold prices last week mainly maintained a recovery trend. At the beginning of the trading week, precious metal prices were listed above 2,300 USD/ounce and spent most of the trading week in the range of 2,310-2,330 USD/ounce.
During the trading session on May 10, the world gold price at one point recovered to 2,375 USD/ounce. However, the upward momentum did not last long, causing the gold price to fall by 15 USD and end the weekend session at 2,360 USD/ounce.
Over the past week, precious metals increased by 2.5% thanks to US employment data supporting dovish views on monetary policy. In addition, military tensions are increasing in both the Middle East and Ukraine; At the same time, data also shows that gold demand from central banks and other needs are all on the rise.
Experts assess that gold is still receiving positive support in the coming time as more and more central banks appear willing to lower interest rates, thanks to the above factors.
Kitco News' latest weekly gold survey finds industry experts are bullish on the precious metal.
Will gold come back or continue to increase strongly?World gold prices tend to increase with spot gold increasing by 3.2 USD compared to last week's closing level to 3,362.9 USD/ounce.
Last week, the yellow metal posted modest gains as expectations that the US Federal Reserve (Fed) would loosen policy this year increased following weak economic data. Experts say that next week is an important time to decide whether gold will reach a new record or not when the market receives the April consumer price index and producer price index reports. Recently, The Fed emphasized that America's inflation war is not effective when inflation is still much higher than the target level of 2%. In addition to the consumer price index and producer price index, this week the market will wait for the US retail sales report, the number of weekly unemployment benefit applications, and the statement of Fed Chairman Powell in Amsterdam.
According to Larry McDonald, founder of the Bear Traps Report, the US is in a persistent inflation war, where all asset classes will see "significant" revaluations and as Therefore, capital flows in the market will gradually shift to hard assets. “This is the time when the Fed takes action, which creates a bullish scenario for hard assets,” he said.
McDonald believes that some metals have significant price increases and predicts gold prices will reach $3,000-3,500/ounce in the next 12-18 months.
🚨EURUSD will Go Down by Ascending Broadening Wedge Pattern🚨🏃♂️ EURUSD is moving near the 🔴 Resistance zone($1.0806-$1.0781) 🔴.
📈According to Classical Technical Analysis , EURUSD seems to have succeeded in forming an Ascending Broadening Wedge Pattern .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect EURUSD to at least decline to the 🎯Target🎯 I have marked on the chart.
Euro/U.S.Dollar Analyze ( EURUSD), 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.
Supported jobs figures in the US are worth goldAs at end April 2024, the amount of gold held in London vaults was 8,552 tonnes (a 0.1% decrease on previous month), the lowest holdings since May 2020, valued at $634.3 billion, which equates to approximately 684,132 gold bars.
The market last night received information that the number of applications for unemployment support last week in the US increased sharply compared to the previous week, causing investors to worry that the world's No. 1 economy has shown signs of weakness.
Specifically, the number of first-time applications for unemployment benefits last week was at 231,000 applications, much higher than the forecast of 212,000 applications and 209,000 applications achieved the previous week. The 4-week average unemployment support applications also increased from 210,000 units to 215,000 units last week.
The USD today fell 0.3% against larger currencies after this report was published. A weaker USD makes gold cheaper for buyers outside the US.
Today's data showed signs of a weakening job market, reinforcing expectations that the Fed will lower interest rates sooner than forecast. This sentiment supports precious metals markets, such as gold and silver. Bob Haberkorn, senior market strategist at RJO Futures, determined: "US jobs numbers support gold prices. Hidden buying force appears."
💵 TVC:GOLD SELL 2352 - 2350💵
✔️TP 2340
✔️TP 2330
❌SL 2358
Gold turned up again, entry buy todayGold prices today jumped sharply after a number of major central banks decided or signaled their readiness to cut interest rates in the future.
In Sweden, the country's central bank cut interest rates by 0.25 percentage points to 3.75%. The Bank of England (BoE) announced to keep interest rates unchanged at 5.25% and hinted at an upcoming interest rate cut when inflation falls below target.
Gold prices today also have more upward momentum thanks to increased demand for safe haven capital. The cause stems from the deadlock in ceasefire negotiations between Israel and Hamas after Israel continued to attack Rafah, increasing the pressure of geopolitical risks.
With the above picture, investors may expect the gold market to heat up. So they increase their purchasing power. Gold price today increased sharply by 42 USD, from 2,306 USD/ounce to 2,348 USD/ounce at 6:00 a.m. on May 10.
Today's trading trend, waiting to buyWater was at 2,353.1 USD/ounce, an increase of 30.8 USD compared to yesterday morning.
The weakening of the USD has strongly supported the upward trend in the price of the yellow metal on May 9 (US time). Specifically, the US Dollar Index decreased by 0.32% to 105, increasing the appeal of gold to buyers holding other currencies.
FXStreet editor Joaquin Monfort said that gold prices rose higher "after a number of major central banks decided to cut interest rates or signaled a willingness to cut interest rates more in the future." Lower interest rates reduce the "opportunity cost" of holding gold, a non-interest-bearing asset, making it a more attractive investment.
Specifically, in Sweden, for the first time since 2016, Riksbank has cut interest rates by 0.25% to 3.75%. In the UK, the Bank of England (BOE) announced to keep interest rates unchanged as many people predicted, but signaled that it will cut interest rates in the near future.
The Swiss Central Bank, the Reserve Bank of Australia (RBA) and the European Central Bank have also made similar moves.
M15 Buy Setup For GoldFinally Price has taken out the low of our momentum candle now our final buy order will be triggered when the 15-minute candle closes above 2314, targeting a minimum of 100 pips with an expected target of 2323-2329.
For traders with an aggressive or higher risk appetite, entry can also be considered upon the bullish closure of the current 15-minute candle, aiming for the target around 2314, but it's essential to ensure the candle closes in green.
It is predicted that XAU will continue to increase in the near fSpot world gold stands around 2,309.5
World gold prices decreased rapidly in the context of the USD rebounding in the midst of an unstable world
The USD has continued to increase in price compared to most other currencies since the beginning of the year, thereby making investors worried.
Since the beginning of the year until now, the USD has increased about 4% compared to a basket of 6 major currencies.
A still strong USD is putting downward pressure on gold prices, even though demand for precious metals is increasing strongly around the world, especially in Asia.
Many recent forecasts say that gold will be under downward pressure this summer, possibly in May-June because the Fed will still delay reversing monetary policy, thereby causing the USD to stand at a high level.
However, gradually towards the end of the year, gold will increase again and may reach a new peak. The Fed is currently very worried that inflation may rise again and that if it cuts interest rates early, it may not be able to control commodity prices.
Some countries such as Indonesia were recently forced to raise interest rates, despite the economy's declining growth. But the US is different, the USD is very strong so the Fed will just wait for the right time to reduce interest rates, maybe around next September.
Trading strategy today, gold cools downGold prices continued to fall in today's trading session, receiving little support from safe-haven demand as recent comments from US Federal Reserve (FED) officials showed the market was skeptical. Doubtful expectations of interest rate cuts.
The yellow metal saw some safe-haven demand this week as the conflict between Israel and Hamas worsened and ceasefire talks made little progress.
However, safe-haven purchases were offset by pressure from renewed concerns about high US interest rates as well as the dollar's recovery.
Prices for the yellow metal received little support from the dollar's recent decline, as the greenback rebounded on Tuesday after some Fed officials said the central bank was more likely to hold steady interest rate in 2024.
This view was voiced by Minneapolis Fed President Neel Kashkari on Tuesday and caused traders to rethink some expectations for interest rate cuts this year.
Expectations for a rate cut in September rose after weak payrolls data last week. But Kashkari and his colleagues say tough inflation remains the main point of contention for the Fed.
The prospect of higher long-term US interest rates is not a good sign for gold because it pushes up the opportunity cost of investing in the yellow metal.
Gold cools down, entry buy nowWorld gold prices stabilized with spot gold down 6.3 USD to 2,307.6 USD/ounce. Gold futures last traded at 2,316.1 USD/ounce, down 6.2 USD compared to yesterday morning.
World yellow metal prices decreased slightly compared to yesterday morning as investors continued to wait for US data to find clues about the possibility of cutting interest rates by the US Federal Reserve (Fed). The recovery of the USD also puts slight pressure on gold. The US Dollar Index rose 0.1%, making gold less attractive to foreign currency holders.
According to analyst Peter Fertig, what the market is currently concerned about is the timing of the Fed's interest rate cut this year. He said that if inflation does not really decrease, the Fed will still keep interest rates unchanged.
In his statement mid-week, Minneapolis Fed President Neel Kashkari gave a "hawkish" view on monetary policy, saying that the US Central Bank may keep interest rates high for a while. longer.
Investors are now looking forward to the results of the University of Michigan's consumer sentiment survey due out on Friday and comments from multiple Fed officials this week. US consumer price index data will be published on May 15 (US time).
The sideways trend continues, the model signals a decline flagGold remains pegged below key resistance patterns, with a bearish flag suggesting lower price potential unless it rises above recent highs.
Gold remains stuck in its most reasonable course and is prone to a 5-day turnaround. Consolidation is taking place just below the resistance indicated by the purple 20-day MA, currently at the 2,330 level, and the 38.2% Fibonacci retracement at the 2,322 level. The 38.2% price area previously showed support and was massive in size. Furthermore, gold remains under a strong flag starting with a break below 2,320 last Tuesday. Since then, recent price action has done nothing to negate the possibility of a deeper retracement and lower prices represented by the breakout of the flag.
Support from the recent consolidation is at last week's low of 2,227. The next bearish signal will be indicated when the price falls below that price level. The minimum of the calculation standard for the bear flag is given as a minimum standard of 2.238. However, the orange 50-day MA has turned up as gold prices have consolidated. If it continues to consolidate for a while longer, the 50-day lead could join a slightly higher target between 2,261 and 2,255. If so, the opportunity price will increase. The 50-day line is currently at 2,246.
💵 OANDA:XAUUSD SELL 2317-2320💵
✔️TP 2310
✔️TP 2305
❌SL 2326.5
💵 OANDA:XAUUSD BUY 2306 - 2304💵
✔️TP 2310
✔️TP 2320
❌SL 2298
Trading strategy today, wait to buy goldWorld gold prices went down when some US Federal Reserve (FED) officials said that inflation in the US remained high and interest rates could remain the same for a longer period of time.
Responding to this information, the USD-Index increased 0.26% to 105.42 points. Accordingly, the USD increased in value compared to many other foreign currencies. Gold price today is in a disadvantageous position.
Meanwhile, analysts say that US bond interest rates remaining at high levels have become attractive to investors. Since then, many people have limited capital into the gold market. Today's world gold price is forced to weaken.
Gold continues trend down, selling now waiting for entry to buyWorld gold prices turned down with spot gold down 9.1 USD to 2,313.9 USD/ounce. Gold futures last traded at 2,322.4 USD/ounce, down 8.8 USD compared to yesterday morning.
World gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a two-in-three chance that the US Central Bank will cut interest rates in September.
Although prices are pressured by the outlook for interest rates, StoneX analyst Rhona O'Connell sees tailwinds for gold, especially regarding geopolitical risks and potential tensions. hidden in the banking system, strong enough to support this precious metal.
In mid-April, world gold prices touched a record high of $2,431.29 an ounce as they were boosted by strong demand from Chinese central banks and retail investors amid tensions. Geopolitics is on the rise.
Recently released data shows that the Central Bank of China recorded the 18th consecutive month of additions despite high gold prices.
"AUDUSD 15 MIN"📍 In the EURUSD currency pair, we can pursue a sell trade with a predetermined stop-loss and take-profit. 🔻✌️
The second movement scenario is also identified by aggregating different sell orders in a higher timeframe. 📉📈
Entry to sell Gold today, risk of big decreaseAnalysts said that although gold recorded its second consecutive week of decline after a 5-week recovery streak, in general, investor sentiment still remains optimistic about the precious metal.
According to analysts' opinions, the US Federal Reserve (Fed) is clearly expressing its view that it will no longer be tough in monetary policy from now until the end of 2024. Specifically, in a recent press conference Recently, Fed Chairman Jerome Powell made it clear that the US Central Bank has no intention of raising interest rates.
In addition to monetary policy factors, experts also believe that the demand to buy gold from central banks is also one of the decisive factors pushing gold prices to a new record high.
World Gold Council (WGC) global research director Juan Carlos Artigas said that gold has proven to be the most diverse financial instrument, which is why central banks continue to hold gold.
There is a risk of decline, entry sell Gold todayWorld gold prices increased with spot gold increasing by 20.3 USD to 2,323 USD/ounce. Gold futures last traded at 2,332.8 USD/ounce, up 24.2 USD compared to yesterday morning.
The gold market entered the new trading week with solid gains, boosted by the weakening of the USD. The US Dollar Index fell to its lowest level in about a month as a recently released report showed that the US job market is weakening, which has increased expectations that the US Federal Reserve (Fed) will interest rate cuts this year.
ActivTrades senior analyst Ricardo Evangelista said that the number of jobs created last month was much less than experts forecast, combined with slowing wage growth, which will cause the Fed to consider easing. monetary policy this year.
According to the FedWatch tool, after the report, the market increased the likelihood that the Fed will conduct the first interest rate cut in September to 71%. Evangelista said that investors will wait for statements from some Fed officials this week to get more clues about the monetary policy trajectory of the US Central Bank. This expert also said that tensions in the Middle East will be a factor supporting gold this week.
GBPCHF Shorting opportunity based on the theory markets ranges 70% of the time. For this trade, I like to target the full range of the last bullish run.
