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Non-Farm trading strategy, decrease then increase againWorld gold prices continued to increase with spot gold increasing by 14 USD to 2,159.4 USD/ounce. Gold futures last traded at 2,167.3 USD/ounce, up 9.1 USD compared to yesterday morning. World prices of the yellow metal extended their rally to an all-time high on Thursday as comments from US Federal Reserve Chairman Jerome Powell at a congressional hearing further reinforced expectations. Expectations of loosening monetary policy this year. At the hearing, Mr. Powell said it is possible that interest rates could be cut this year if the economy is not as expected and there is more evidence that inflation is falling sustainably. The Fed Chairman also emphasized that it will not be long before we see inflation moving towards the target level of 2%. According to CME's Fedwatch tool, traders are pricing in a 72% chance of a rate cut in June, compared with about 63% on February 29.
OANDA:XAUUSDShort
by FalCol_TradingMaster
EURUSD → melikatrader analysishello everybody... as you can see the mid-term trendline broke and eurusd became bullish! I think in a lower time frame this pair is making a double bottom pattern in the flip area! therefore if the the price breaks up the neckline you can get a long position there! target1= 1.08984 target2= 1.09318 ___________________________ 💻📞☎️ always do your research. 💌📫📃 If you have any questions, you can write them in the comments below, and I will answer them. 📊📌❤️And please don't forget to support this idea with your likes and comment Mar 3 Comment: the first target touched
Long
by melikatrader94
5
usdjpy sell USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs – second only to EUR/USD – and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis. Although Powell's remarks leaned towards the hawkish side, they were nothing new: they merely echoed the sentiment expressed in the previous central bank meeting. In this context, traders took today’s developments as “no news is good news”, giving little incentive to yields and greenback’s bulls to charge.
Short
by Mark804
CADCHF,🟢Is it bullish...?🟢 By examining the CADCHF 1-hour chart we can figure out there is a lot of buy-side liquidity that can be defined as a smart money target. The market structure is bullish and the price had a bullish reaction to the daily order block. Now, there is a sell-side liquidity inside the FVG that creates a high probability buy setup for us. Please keep it in your mind: We need the LTF confirmation for entry. 💡Wait for the update! 🗓️07/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
gold buy confirm XAU/USD is up for the sixth consecutive day, and extreme overbought conditions have become more notorious, but there are no other signs of upward exhaustion in the daily chart. Technical indicators continue to edge higher, albeit with decreased momentum. At the same time, the bright metal advanced further above its moving averages, with the 20 Simple Moving Average (SMA) gaining bullish traction above the longer ones and far below the current level.In the near term, however, according to the 4-hour chart, there is room for additional gains. The Momentum indicator resumed its advance after correcting extreme overbought conditions, while the Relative Strength Index (RSI) indicator also regained the upside and currently stands at 84. Finally, the 20 SMA heads north almost vertically, currently at around $2,110, reflecting continued buying interest.Gold trades in positive territory at around $2,140 and stays within a touching distance of a new record high. The benchmark 10-year US Treasury bond yield is down nearly 1% on the day below 4.2%, allowing XAU/USD to preserve its bullish momentumGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. gold now buy 2147 TP1 2151 TP2 2155 TP3 2159 TP4 2165 Sl 2130
OANDA:XAUUSDShort
by Mark804
Gold continuously reached the highest peak in historyWorld gold prices continued to increase with spot gold increasing by 18.2 USD to 2,145.4 USD/ounce. Gold futures last traded at 2,153.7 USD/ounce, up 12.7 USD compared to yesterday morning. World yellow metal prices continued their upward momentum to record levels on March 6 (US time) as the market increasingly bet that the US Federal Reserve (Fed) will loosen monetary policy after Fed Chairman Jerome Powell's speech at the hearing. Currently, investors are waiting for the employment report from the US Department of Labor. According to data released by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, private payrolls increased by 140,000 last month after increasing by 111,000 in January. The report shows that the market US employment is still growing steadily. In addition to interest rate expectations, experts say that precious metals are also supported by the demand of central banks. According to senior analyst Krishan Gopaul of the World Gold Council, last year's gold buying momentum is continuing to extend into this year. This expert predicts that 2024 could be another boom year for the yellow metal after witnessing a sharp increase in additional gold demand in January from countries that regularly buy gold such as China and Turkey. Ky, India…
OANDA:XAUUSDLong
by FalCol_TradingMaster
Strategy to sell today, predict a decrease then increase againWorld gold prices continued to increase with spot gold increasing by 12.1 USD to 2,127.2 USD/ounce. Gold futures last traded at 2,136.4 USD/ounce, up 10.1 USD compared to yesterday morning. World gold prices continue to surge as the market becomes increasingly certain that the US Federal Reserve (Fed) will loosen monetary policy in June after a series of weak economic reports. TD Securities commodity strategist Bart Melek said that the main factor pushing gold higher this week is the expectation of the first interest rate cut. The market is increasingly confident that the Fed will soon make a easing decision. This expert predicts that, with such confidence, the world gold price could be pushed to 2,300 USD/ounce in the second quarter of this year. Besides, safe haven demand due to concerns related to the conflict in the Middle East also strongly supported the yellow metal. Gold, often used as a safe store of value during times of political and financial instability, has increased by more than $300 since the start of the Israel-Hamas conflict. This expert added that it would not be surprising if gold prices increased when the Fed discussed loosening monetary policy. However, this precious metal will surge even further when the first interest rate cuts are carried out. Currently, the market is eagerly waiting to see what Fed Chairman Jerome Powell will say at his testimony before Congress this week to know more about the US interest rate roadmap. In addition, the February employment report scheduled to be released on Friday is also information that attracts investors' attention because this data can change market sentiment and push gold to a closer range. This. According to the CME FedWatch tool, traders now see a 70% chance that the Fed will begin cutting interest rates in June.
OANDA:XAUUSDShort
by FalCol_TradingMaster
USDOLLAR, Monthly viewHello everyone, this is my overall analysis of USDOLLAR. I believe we will have a high in order to take the inducement, and then we will see a long term drop up to the extreme order block. This view is my base idea for the lower timeframes and other major pairs. I will publish W, D, 4H, 1H and 15min as well as major and important pairs. This is my first main analysis. I will also include Gold, Bitcoin , Etherium. Let’s see how much money we can make from trading.
FX:USDOLLAR
by SignalsForAll
Xauusd up Gold price pulls back from multi-month peak, downside potential seems limited Gold price rallied to a three-month peak on Monday and settled at an all-time high, above the $2,100 mark amid bets that the Fed will start cutting interest rates in June. Apart from this, a further escalation of geopolitical tensions in the Middle East turns out to be another factor underpinning the precious metal. Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold Price: Current Pricing, Prices Chart & Rate Graph Gold now buy 2116 Target 2140 Target 2160 SL 2095
OANDA:XAUUSDShort
by JohnHarry_7
Gold continues to increase, which entry to enter the order?World gold prices increased sharply with spot gold increasing by 34.9 USD to 2,115.1 USD/ounce. Gold futures last traded at 2,124.4 USD/ounce, up 28.7 USD compared to yesterday morning. World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy. Last week, gold prices rose about $50 as reports showed tepid construction and manufacturing spending in the US as well as downward price pressure. The next important economic information awaited by the market is the February jobs report to be released on Friday. This data is expected to impact expectations of interest rate cuts in the US. According to the CME Fed Watch tool, markets are pricing in a 67% chance that the Fed will cut interest rates in June.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GBP/USD - SIGNAL / TRADE SETUP (04-MAR-23)Hello Traders; I am selling GBP/USD right now. Entry Strategy : SMC *For those who want to follow, remember risking 1% only. Trade With Care, WAVE HUB FX ---------- Please follow me and like if you agree or this idea helps you out in your trading plan Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by WaveHubFX
1
Trading strategy the beginning of the week,waiting for NonfarmWorld gold prices tend to decrease with spot gold down 2.1 USD compared to last week's closing level to 2,080.2 USD/ounce. Last week, the gold market entered a new trading week relatively quiet without catalysts. Prices were nearly flat until Thursday when a report showed consumer prices were lower than forecast. After a slow start Friday morning, the precious metal began to attract some follow-on buying momentum following the results of the University of Michigan's consumer sentiment survey and weaker-than-expected manufacturing data. April gold futures prices continuously increased and closed the week at 2,095.2 USD/ounce, up 2% compared to the previous week. This was the best weekly gain since November. Although gold had a spectacular breakthrough last week, experts are still cautious about this precious metal in the short term. Some opinions say that the gold market may be under profit-taking pressure this week and the price is likely to be pushed back to the range that gold has maintained in recent times. Besides, although recently released data shows that inflationary pressures are decreasing, according to experts, that is still not enough for the US Federal Reserve (Fed) to change its view on interest rates. . The data released this week is considered very important as it can change the newly rekindled market optimism. This week, the market will wait for the February non-farm payroll report. This employment data is considered very important by investors and can take away everything that gold had last week. . Forexlive.com expert Adam Button said that he only believes last week's price increase in gold is sustainable if the upcoming report shows that the job market is actually going down.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Forex preview: NFP, Powell’s testimony, and BoC and ECB decisionThe key events for the week are concentrated mainly between Wednesday and Friday. In the United States, the focus will be on January jobs data and speeches by Federal Reserve officials. The most important of the bunch is of course Federal Reserve Chair Powell two-day testimony in Congress on monetary policy starting Wednesday. Traders will look for cues regarding the future trajectory of monetary policy, with special attention paid to the Q&A session following Powell's opening remarks. Friday will bring the release of Non-Farm Payroll (NFP) data, with expectations of a 188,000 job increase in February. This would be a significant drop from the 353,000 jobs added in January. JOLTs job openings are anticipated to fall to 8.9 million in January after two consecutive months of increases (Wednesday). In Canada, the Bank of Canada is anticipated to maintain interest rates unchanged for the fifth consecutive time on Thursday. In Europe, the European Central Bank (ECB) is expected to keep rates unchanged on Thursday. ECB members continue to advocate for a patient stance, with the consensus being to wait for Q1 2024 wage data before considering a rate cut in June, aligning with current market expectations. In the United Kingdom, all eyes will be on Finance Minister Jeremy Hunt's pre-election budget on Wednesday, which is expected to include tax cuts, which according to the guardian “... runs the risk of getting an adverse reaction from the markets which would snuff out what is still a lukewarm and tentative economic recovery.”
by BlackBull_Markets
Xauusd up Gold climbs to multi-week high near $2,050 as US yields edge lower Gold gained traction and advanced to its highest level since early February above $2,040 on Thursday. The benchmark 10-year US Treasury bond yield drops toward 4.2% after US PCE inflation data, providing a boost to XAU/USD. Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold now buy 2046 Target 2050 Target 2055 Target 2060 SL 2036
OANDA:XAUUSDShort
by JohnHarry_7
8