Gold buy opportunity 2272 - 2285Next week the gold price will test 3272.00 - 2385.00 supply level and rebound to retest the above resistance level 2215.00. I'm waiting for the buy opportunity. Good luck.
Forexsignal
EURUSD is Ready to Fall===>>RR=2.20EURUSD is moving in the Resistance zone($1.092-$1.087) .
According to the theory of Elliott waves , EURUSD seems to have succeeded in completing the main wave 5 with the Expanding Ending Diagonal .
I expect EURUSD to at least fall to the Support zone($1.0806-$1.0781) .
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.
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XAUUSDHello traders ,what do you think about GOLD? Gold has hit the resistance zone of 2360 several times and has not been able to cross it. It has also reached the trend line now. It is expected that with a little fluctuation in this zone, the trend line will be broken and after the pullback to it and with the break of the 2280 zone, it will fall at least to the specified level.
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Gold jumped in this morning's trading sessionUS non-farm file will display gold optimism
The short-time period uptrend will begin from here
buyers now see approximately a 67% threat the Fed will ease economic coverage in September, up from much less than 50% remaining week.
In addition to economic coverage expectations, professionals say that gold is being supported through robust shopping for call for from significant banks. Net purchases through worldwide significant banks rose to 33 tonnes in April, the World Gold Council said, persevering with to be robust notwithstanding growing treasured steel prices.
The closest resistance for gold is at 2400
Experts are expecting that the imminent Fed assembly will possibly hold hobby costs solid withinside the context that inflation withinside the US stays high.
Today's trading strategy, increasing trendAbout 6 o'clock on June 7, today's gold price of the world traded at 2,376 USD/ounce, an increase of 21 USD from the same price as the previous day was 2,355 USD/ounce.
World gold price fluctuated in the context of the European Central Bank (ECB) for the first time since 2019, down 0.25 points of interest rate.
This move makes the market raise expectations that the United States will continue the ECB to loosen monetary policy, in the direction of reducing interest rates in the near future. At that time, the dollar will drop compared to many other foreign currencies. World gold price can increase further in the future.
So at this time, investors increased their purchasing power. Today's gold price increases tens of dollars/ounce is understandable.
Gold constantly increases when the trend is brokenThe world gold price continued to increase with spot gold increased by 20.4 USD to 2,376 USD/ounce. Future gold traded at 2,395.1 USD/ounce, up 19.6 USD compared to the dawn.
The price of gold continues to increase and reach the highest level in 2 weeks when the US bond yield falls after the latest labor report. The published data shows that the "cooling down" of the US labor market has strengthened the possibility that the US Federal Reserve (Fed) will cut interest rates in September. Currently, investors are still hot. Waiting for non -agricultural payroll data of the US to be more sure about this expectation.
The number of important non -agricultural jobs is forecast to increase by 178,000 compared to the April report with an increase of 175,000 jobs. Reporting the private sector in May of ADP published in the middle of this week has shown that the US labor market is gradually cooling down.
According to the market analyst Carlo Alberto de Casa of Kinesis Money, precious metals are supported by the expectation of the recession of the world's leading economy and the peaceful US Bank in the next few months. .
Gold trading strategy today, continuing the upward momentumWorld gold prices increased sharply with spot gold increasing by 29.3 USD to 2,355.6 USD/ounce. Gold futures last traded at $2,375.20 an ounce, up $27.80 from the bright spot.
World gold prices edged higher midweek, supported by a weakening USD and falling Treasury yields after the latest data showed the labor market cooling.
According to ADP's report, private companies created an additional 152,000 jobs in May, much lower than the number recorded last month and experts' forecasts. This is the lowest monthly number unchanged since the bad month.
RJO Futures senior market strategist Bob Haberkorn said the weak labor numbers act as a catalyst that could force the Federal Reserve to cut back before the end of the year. This has increased the appeal of gold. Lower performance reduces the opportunity cost of holding gold.
According to the CME FedWatch tool, traders saw a roughly 67% chance that the Fed will deliver monetary policy in September, up from less than 50% last week.
Analysts say that important upcoming US economic reports, including data on the health of the service sector and non-farm payrolls reports, are likely to influence the direction of printed gold prices. short.
USDCHFAnalysis of USDCHF 1 hour time frame
When the price reaches, we can enter the position by complying with the capital management
GOLD LOOKS 2330Hey there on 1hTF the Gold has looking for further downside can be reach 2330
And go upside 2363 resistance level
So we can expect first touch support level and then can be push continue upside
Gold is in a downtrend, entry sell todayGold prices in the international market increased sharply amid weak US economic data. Specifically, the purchasing managers index (PMI) in the manufacturing sector decreased from 49.2 points to 48.7 points. This has reinforced market expectations that the US Federal Reserve will cut interest rates by the end of 2024.
In response to the above information, financial investors sold off USD, causing the currency to fall to its lowest level in the past 3 weeks. USD Index dropped to 104 points. Gold price today has momentum to go up.
On the other hand, US bond yields fell to 4.4%, meaning the value of bonds went down. Accordingly, investors sell bonds and shift capital to precious metals. Today's world gold price increases by tens of USD/ounce is inevitable.
Sideway gold, selling strategy todayWorld gold prices increased with spot gold increasing by 21.5 USD to 2,350.5 USD/ounce. Gold futures last traded at 2.3716 USD/ounce, up 25.6 USD compared to yesterday morning.
Gold prices rose at the beginning of the week when the latest report showed that US manufacturing activity slowed for the second consecutive month. Specifically, the purchasing management index in the manufacturing sector decreased to 48.7% in May, compared to 49.2% recorded in April. This figure is weaker than the forecast of the world. expert. Disappointing economic data that raised the possibility that the US Federal Reserve (Fed) will cut interest rates this year pushed the dollar to a three-week low and benchmark US Treasury yields fell. dropped to its lowest level in 2 weeks.
According to High Ridge Futures Chief Investment and Alternative Trading Officer David Meger, the positive trend in gold comes from strong expectations that interest rates will be cut at some point later this year.
Accordingly, the latest economic data makes investors believe that interest rate cuts will soon be implemented. Late last week, data released showed US inflation stabilizing in April. This has increased bets on an interest rate cut in September. Traders are currently pricing in around 56%. The possibility of cutting interest rates in September, increased sharply compared to before the report.
Falling towards a pullback support, could it bounce from here?EUR/USD is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.08932
Why we like it:
There is a pullback support level which lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.08623
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Take profit: 1.09421
Why we like it:
There is a pullback resistance level.
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EURUSD → it formed a descending widening wedgehello guys...
as you can see OANDA:EURUSD broke the descending channel and now it is on top of the breaking area!
FX:EURUSD is forming a descending widening wedge and I put a example of this pattern here!
I believe if you wanna get a long position on eurusd, be ready to break the top line of this pattern!
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EURNZDBUY on the theory markets ranges 70% of the time, and BUY on the theory markets retraces HALF of the previous leg 90% of the time. Entry and invalid lines for 1h TF.
USDCHF tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
USDJPY tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
XAGUSD tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
USDCAD tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
NZDUSD tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
THE KOG REPORT THE KOG REPORT
In last week's KOG Report, we gave the support levels below, and suggested that if the market opened and those levels held price, we felt an opportunity to long the market would be available into the 2350-55 region and above that 2375, we achieved just short. Due to the ranging price, we stuck with the plan to then look for the short trade from above which also presented itself after we completed going long. It was a decent but frustrating week for traders, however, we completed near all the Excalibur targets, managing to trade it up into our given levels, bar a few pips, and then down again for the end of the week exactly from the level we had given to expect the minor selloff from. We then gave an end of week report with the target level below which was also completed and gave late session traders an opportunity to capture the long on the RIP with a tap and bounce.
A fantastic week in Camelot, not only on gold, but the numerous other pairs we trade analyse and apply the algo to. Excalibur, the hot spots and the red-boxes together with KOG's bias of the day working well again.
So, what can we expect in the week ahead?
We have the order region above 2330-35 with extension of the move into the 2345 region. It’s that 2340 region which is important to look for if we get a move to the upside from opening, price below that level looks weak and we could then see further opportunities to short the market lower into the 2310 and below that 2285-95 region, which is where we feel the RIP will come from for any longs into the immediate levels of resistance.
Below we have the 2320-15 price point, which again is a level of importance, a dip into that price point with rejection could again give the opportunity to long back up into that order region above before then resuming the move to the downside.
Please note, the above is based on the price staying below the order region resistance, if we break above that level we will update our plans through the week. We have to remember, there is no significant breakout here as yet, we’re still in the range 2320-2365-70 which price has been gathering orders within.
We have a lot of news this week as well as NFP on Friday, the market will be very choppy and ranging so please be careful. We always tell our traders, the last few days of the month and the first few days of the month need to be played with caution and your risk management needs to be up to scratch if you’re going to trade these markets.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Today's trading trend, entry buyLast week, world gold prices fell due to continued pressure from strong economic data and "tough" stances from US Federal Reserve (FED) officials.
According to experts, this week's gold price will have many fluctuations when the market receives a lot of important information such as the purchasing management index report in the manufacturing and service sectors, the number of applications for unemployment benefits and May non-farm payrolls. Besides, the Central Banks' decision on interest rates this week will likely cause the market to recalculate the timing of the FED's interest rate easing.
Marc Chandler, CEO at Bannockburn Global Forex, said that this week the European Central Bank (ECB) and the Bank of Canada are likely to cut interest rates. "Gold prices seem ready to go higher and the move above 2,372 USD/ounce is an indicator of precious metal prices conquering the 2,400 USD mark again," said Mr. Marc Chandler.
Sean Lusk, co-head of commercial hedging at Walsh Trading, said that short-term interest rates may have peaked, putting pressure on the USD and possibly causing gold prices to rise again.
According to Kitco News, this week, the majority of experts and retail investors expressed optimism about the short-term prospects of precious metals, with only a few of them keeping a neutral or bearish stance.
Specifically, 6 Wall Street experts (equivalent to 60%) think that gold prices will increase higher this week. 2 analysts (20%,) predict the price will decrease and the remaining 2 investors think the precious metal will move sideways in the short term.
