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GOLDEN STAR|Important demand areas for entering sales orders.Here we currently have support from which we have seen upward scalp reactions. -One point that we should consider is that the selling pressure is more on gold at the moment. Because of this sales transactions can have a higher winning percentage. -To enter sell orders, we should consider the supply areas around the price of 2068 and the price area of 2074, of course, with proper confirmation. If we want to say the important areas for entering into buying transactions, the price areas of 2048 and 2033 are valid areas for buying transactions.
OANDA:XAUUSDShort
by Golden_Star1994
AUDUSD: My audusd prediction trend todayThe Australian dollar (AUD) faces challenges as it struggles to stem a losing streak on Thursday. The AUD/USD pair is under downward pressure due to risk-taking sentiment and the general bearish session of the commodity complex. Weaker Judo Bank Purchasing Managers' Index (PMI) data added further pressure on the Australian Dollar (AUD). According to the latest Judo Banking Services PMI, Australia's Services sector contracted in December. The index reported a reading of 47.1, missing market expectations that it would remain flat. 47.6. Additionally, the composite PMI dropped to 46.9 from the previous figure of 47.4. This marks the fastest pace of Services contraction since the third quarter of 2021.
Short
by NicoTradingMaster
XAUUSD is moving within the 2017.00 – 2088.00XAUUSD is moving within the 2017.00 – 2088.00 range . XAUUSD has been trading in a bearish trend within the last day. The support level is now at 2017.00. The resistance level is now located at 2088.00 and 2132.00. If gold rebounds with resistance level, open a Sell with the nearest support level. If it broke out confirm buy a buy order. The upcoming news will not affect these orders within this time frame SL ( Set a uniform set of 15$ ) only for your reference and you can set it according with your free margin.
PEPPERSTONE:XAUUSD
by chamitha45
Gold trading strategy today, continues to increase againWorld gold prices decreased slightly with spot gold down 5.3 USD to 2,058.7 USD/ounce. Gold futures last traded at 2,067.6 USD/ounce, down 4.2 USD compared to yesterday morning. The world gold market enters 2024 with a relatively difficult year under pressure from the strong recovery of the USD. However, the decline in this precious metal was limited thanks to expectations that the US Federal Reserve (Fed) would soon loosen monetary policy and concerns that the situation would escalate in the Red Sea. The US Dollar Index rose 0.8% and was on track for its best daily gain since July, making bullion priced in the currency more expensive for overseas buyers. In 2023, gold prices rose 13%, marking the first annual increase since 2020, and are forecast to reach a record high in 2024, as lower interest rates reduce the opportunity cost of Hold gold bars without interest. Experts say that the market started the new year with the belief that the Fed will cut interest rates sooner, which is why gold is supported. According to the CME FedWatch tool, markets are currently pricing in an 86% chance that the Fed will cut interest rates in March.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GBPUSD Head & Shoulders OpportunityHi Traders! There is a pullback on the bullish momentum we have had over the past few days on GBPUSD, and there is a head-and-shoulders pattern on the 2H chart. Here are the details: The market is rapidly approaching the neckline, and there are opportunities for short entries to target a break below the neckline. The market has also broken below the 20 EMA, and a close below the 20 EMA will be an added confirmation signal. Preferred Direction: Sell Entry Level:1.27504 Stop Level:1.27806 Target Level: 1.26900 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
7
Usd/Jpy short signalTrade Idea for USD/JPY Bias: Counter-Trend While current fundamentals might suggest different directions for USD/JPY, there are unique circumstances hinting at a possible counter-trend scenario: Bank of Japan's (BoJ) Intervention History: As USD/JPY approaches the pivotal 150 level, it's crucial to remember that the BoJ has previously intervened in the forex market around this point. If the pair gets too close to this threshold, we might see the BoJ step in again, influencing the direction of USD/JPY. Changing Rate Expectations from the FED: The buzz around the financial markets suggests the Federal Reserve might be leaning towards rate cuts in 2024. Such anticipations can sway forex markets, potentially leading to fluctuations in the USD/JPY pair.
Short
by Elite_Forex
Gold decreased slightly as US government bond yieldsThe USD recovery caused gold to fall slightly as US government bond yields and the USD recovered, but it is expected to maintain its upward momentum thanks to the current dovish stance of the market. During the December 28 session, world gold prices dropped to around $2,065 from $2,088 at the beginning of today's Asian session when US government bond yields and the USD recovered slightly. However, the current upward momentum of precious metals is expected to remain intact as investors expect the Fed to reduce interest rates and inflation is on a steady decline. Going forward, the December jobs report and manufacturing PMI data will be the focus of the market, though these indicators are unlikely to change Gold's current upward momentum as traders prepare Entering the New Year holiday. Currently, gold is increasing slightly to $2,070.
OANDA:XAUUSDShort
by TrategySherpa
Gold continues to fall as expected, waiting for a recovery pointWorld gold prices reversed slightly this morning, with spot gold down 12.7 USD to 2,065 USD/ounce. Gold futures were listed at 2,075.8 USD/ounce, down 12.2 USD compared to yesterday morning. World gold prices decreased slightly after hitting a 3-week high when pressured by the recovery of the USD and rising bond yields. The US Dollar Index rose 0.2% after falling to a five-month low. Benchmark 10-year bond yields rebounded and exited their lowest level since July, denting the appeal of bullion. This expert predicts gold prices will be higher in the next 12 months thanks to weaker economic data and cooling inflation in the US forcing the Fed to cut interest rates. Currently, according to the CME FedWatch tool, investors are betting on an 88% chance that the Fed will cut interest rates as early as March.
OANDA:XAUUSDLong
by FalCol_TradingMaster