🔥 XAU/USD - Another Big Fall Ahead ? (READ THE CAPTION)As you can see, yesterday, after the announcement of Durable Goods Orders and CB Consumer Confidence, we saw the initial upward movement of gold, But due to the fact that the market expected this rate to fall to a large extent and the so-called news was anticipated, Gold faced selling pressure again because, as I said in the previous analysis, the range of $2038 to $2042 was a very important range of supply for gold, and for this reason, this zone stopped the further growth of gold And we saw the price fall to $2025 until this moment! Based on the analysis of 26.02.2024 , I expected the drop to $2023 as the next target, and we have to see if today will finally reach this range or not!
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Gold continues to adjust slightly, today's trading trendWorld gold prices stabilized with spot gold down 0.7 USD to 2,029.5 USD/ounce. Gold futures last traded at 2,039 USD/ounce, down 0.5 USD compared to yesterday morning.
World gold continues to test resistance below 2,050 USD/ounce and is having difficulty attracting new upward price momentum even when published data is not as expected.
In particular, the expectations index decreased to 79.8 from 81.5. “An expectation index below 80 typically signals an impending recession,” the report said.
Currently, the market is waiting for the personal consumption expenditure index (PCE) report to be announced tomorrow (February 29). This inflation report is expected to give the market more clues about the timing of the first interest rate cut by the US Federal Reserve (Fed). Some experts predict core PCE (which strips out volatile food and energy costs) will rise more sharply than expected. If so, this will certainly be a "hot" topic that will be discussed at the next monetary policy meeting in March.
Last week, many Fed officials made it clear that the Fed does not intend to cut interest rates too soon and this view may be reinforced if the February 29 PCE report has hotter results than expected.
The best way to use this opportunity is to place a Buy order witEURUSD broke the resistanece level of 1.0795
EURUSD has been trading in a bearish trend for the last couple of days.
Possible scenario
The best way to use this opportunity is to place a Sell order to 1.0796.
Possible scenario
The best way to use this opportunity is to place a Buy order with 1.0796 and target should be 1.11085
The upcoming news will not influence your orders within the mentioned period.
Gold long term trade for seller read the caption The XAU/USD pair is little changed for a second consecutive day but retains the neutral-to-bullish stance. In the daily chart, the bright metal keeps developing above a flat 20 Simple Moving Average (SMA), currently at $2.020 in line with the absence of directional strength. However, the 100 SMA keeps heading north well below the current level, skewing the scale to the bulls' side. Finally, technical indicators keep consolidating around their midlines, failing
Audusd slowly but go down more read the caption The slight uptick in AUD/USD occurred despite the equally marginal advance in the Greenback, as well as the continuation of the intense sell-off in iron ore prices, which reached multi-month lows near the $126.01 yardstick in response to increasing inventories and heightened uncertainty surrounding the Chinese housing market.
Spot price movements also mirrored the lacklustre performance of the US Dollar, as investors continued to assess the probability of the Federal Reserve (Fed
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NASDAQ Movie with bear marketNASDAQ Movie with bear market. Good movement for entering a trade with proper confirmation. Because this is 4H time frame.
Scenario 01
If nas rebound with psyological level The best way to use this opportunity is to place a Buy order at 17848
Scenario 02
If fell Bellow mentioned support nas will reach 17716. That level can get buy order.
4H Resistance level located 18053.44
4H Support level located at 17324.10
Xauusd big sell dips below 2000 read the caption Gold according to the 4-hour chart, XAU/USD lost momentum but holds on to gains, limiting the risk of a steeper slide. The 20 SMA heads firmly north, far below the current level, reflecting the ongoing momentum, while the longer moving averages remain directionless. XAU/USD hovers around a flat 200 SMA. Technical indicators, in the meantime, eased from near overbought readings, reflecting the ongoing retracement rather than suggesting
Gold 100% Confirm Target by our view Gold is ready to fly up again with trend of buy
Uptrend is running
Hey trader xauusd gold in trading session we are monitoring buy for gold
Xauusd running in uptrend
Setup Gold price
Gold buy zone 2032
Today Target 2044
Long term Target 2063
What you think about gold today
Today XAUUSD Setup | GOLD 26th of February 2024Today XAUUSD Setup | GOLD
26th of February 2024
01 : Around BUY 2025 TP 2035 - 2030
02 : Around SELL 2040 TP 2035 - 2030
03 : Around BUY 2010 TP 2015 - 2020
04 : Around SELL 2055 TP 2045 - 2050
05 : GOLD Broke 2040 - BUY Trade 2045 - 2050
06 : GOLD Fell below 2025 - SELL Trade TP 2015 - 2010
07 : GOLD Fell below 2010 - SELL Trade TP 2005 - 2000
AUDUSD: Asian foreign exchange market increased slightly as the Most Asian currencies rose on Wednesday, seeing relief as the dollar eased in anticipation of more signals from the Federal Reserve on its path to adjusting interest rates.
Regional units are still suffering heavy losses in recent sessions as fading expectations of an early Fed rate cut sent the dollar rallying to a three-month high.
However, the greenback has fallen significantly from recent highs this week, bringing relief to Asian markets.
USD falls after Fed minutes, speakers in sight
The dollar index and dollar index futures both fell about 0.1% each during the Asian session, as investors took some profits in the greenback ahead of a series of signals Fed this week.
Minutes from the Fed's late January meeting are due later on Wednesday, after the bank kept interest rates steady and largely downgraded expectations for an early rate cut.
In addition to the minutes, a host of Fed officials will also speak this week, including Raphael Bostic and Michelle Bowman later on Wednesday.
Trading strategy for the new week testing the bottom and reboundWorld gold prices tend to increase with spot gold increasing by 1.3 USD to 2,036.6 USD/ounce. Last week, the world gold market was less volatile with prices fluctuating in a narrow range between 2,020 USD and 2,030 USD/ounce. Kitco News' latest weekly gold survey results show that Wall Street experts are optimistic about gold in the short term.
Kitco senior analyst Jim Wyckoff also believes that gold prices this week are still stuck in the recent range. According to him, gold will move sideways and in the near term, there will be no fundamental catalyst to inspire speculators to be more active.
As the Fed's main inflation measure, the PCE index released on Thursday will be the most important information expected by the market this week. Along with that, markets will also monitor home sales, consumer confidence reports, US fourth quarter GDP reports, and pending home sales.ư
Gbpusd ( H1) analysis [Read the caption]By traders gbpusd is in up trend we are
monitoring buy gbpusd
gbpusd will restrest again then it will fly
Note:
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🚨USDCHF is Ready to fall🚨🏃♂️ USDCHF is moving in an Ascending Channel and is currently near the 🔴 Resistance zone(0.891 CHF-0.882 CHF )🔴 and 🟡 Potential Reversal Zone(PRZ) 🟡. It also managed to break the Uptrend line .
🔔I expect USDCHF to start to decline after entering the 🟡 Potential Reversal Zone(PRZ) 🟡 and at least break down to the 🟢 Support zone(0.874 CHF-0.871 CHF )🟢.
U.S.Dollar/Swiss Franc ( USDCHF ) 4-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.
EURCHF Analysis (➡️RR=2.05)🏃♂️ EURCHF is moving in the 🔴 Resistance zone(0.970 CHF_0.940 CHF) 🔴, 🟡 Potential Reversal Zone(PRZ) 🟡, 🟡 Time Reversal Zone(TRZ) 🟡and near the Resistance line and Upper line of Ascending Channel .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect EURCHF to start going down at least to the 🎯 Target 🎯 I have marked on the chart.
Euro/Swiss Franc Analyze (EURCHF), 4-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
Causes of Gold's rise and its down cycleWorld gold prices increased in the context of a British cargo ship being attacked in Yemeni waters. Since then, financial investors are concerned about escalating geopolitical tensions, which has prompted them to put capital into gold to preserve capital.
On the other hand, the market expects gold trading to be vibrant when the top consumer country, China, resumes commercial activities after the Lunar New Year holiday.
Meanwhile, the USD is affected by growing speculation that the Federal Reserve (Fed) will keep interest rates high for longer. Therefore, gold's upside potential could be created from a decline in USD prices, if Fed officials are soft in cutting interest rates.
Gold trend today, main selling trendWorld gold prices stabilized, with spot gold down 1 USD to 2,023 USD/ounce. Gold futures last traded at 2,035 USD/ounce, down 0.9 USD compared to yesterday morning.
Despite being pressured by the minutes of the first policy meeting of the US Federal Reserve (Fed), gold continues to consolidate above 2,000 USD/ounce. In the newly released minutes, the Fed signaled that its monetary policy had peaked, but was not in a hurry to reduce interest rates.
Fed officials noted that inflationary pressures eased and economic activity remained strong. According to the minutes, the committee wants more evidence to show that inflation continues to fall to the target level of 2% before making a decision to loosen monetary policy.
Kitco.com senior market analyst Jim Wyckoff said the minutes did not provide any additional information on monetary policy following hotter-than-expected inflation data released last week.
He said that, although a bit hawkish, the minutes contained no surprises. Recent hotter inflation reports have made the market more certain that the Fed will delay lowering interest rates until the second half of the year.
Independent metals analyst Tai Wong in New York predicts that gold will likely continue to move sideways in the short term and the information the market is waiting for will be the personal consumption expenditure (PCE) report released. announcement next week, followed by payrolls and Fed Chairman Jerome Powell's testimony in Congress in early March.
Although the gold market is struggling as expectations for interest rate cuts continue to be pushed back, according to WisdomTree market strategist Nitesh Shah, the longer the central bank delays, the risk of mistakes happening. The bigger the policy, the more this will ultimately benefit precious metals. This expert predicts that gold prices will reach 2,210 USD/ounce in the fourth quarter of this year, a new all-time high.
CADJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity CADJPY
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