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Forextrading
USD/CAD (dollar-canada): as textbook as it getsObserving the Monthly-timeframe movement on USD/CAD, it could be inferred that the price has rejected the upper barrier of the rectangular range as mapped on the graph and formulated a new top. From here, in the upcoming long run, we are anticipating for the price to keep declining and, eventually, reach the lower boundary of the channel as indicated on the graph.
EUR/USD (euro-dollar): a multi-timeframe view (W & D)Initially, looking at the Weekly-timeframe chart on the left-hand side of the screen, it could be inferred that the price has been unable to break below the major key zone of 1.072 and, ever since, it has been impulsing in the upside destination. Judging by the ongoing build-up, the bullish wave does not show any signs of stoppage and is continuing to move in the upward direction after having broken out of the descending trend-line highlighted on the chart.
Zooming into the Daily timeframe, the zone-to-zone movement of the price could be clearly noticed. Thus, holding on to our bullish sentiment, we are executing long positions with the stop-out order below the ongoing build-up and the target level set at key level identified on the Weekly timeframe.
XAU price stands around the threshold of 2,345 USDWorld gold prices dropped sharply to 2,323 USD/ounce due to the impact of comments on May 28 by Minneapolis Fed President Neel Kashkari about the US Federal Reserve (Fed) not cutting interest rates soon. in this year.
However, gold prices suddenly increased sharply again due to witnessing large purchases from investors after the US preliminary announcement of first quarter GDP was lower than initially expected. According to the US Bureau of Economic Analysis, US first quarter GDP increased by 1.3%, lower than the 1.6% previously estimated.
Market analyst Han Tan of Exinity Group said that the gold market is waiting for more personal consumption consumption data (PCE) for May to be announced from the US. If this index rises higher than expected, it will increase the likelihood that the Fed will keep interest rates unchanged for a longer period of time.
According to experts from the Swiss Bank (UBS), there are 3 factors supporting the uptrend of gold, the most important being the Fed's monetary policy. Analysts say that just a small interest rate cut by the Fed, even 25 percentage points, would be enough to bring gold prices to a new average high.
Gold will likely resume its upward trendThe recent short-term uptrend is showing signs of reversing when gold prices have dropped more than 4% from the historic peak of 2,450 USD, set just a few trading sessions ago. This adjustment shows that investor psychology is changing, as buyers tend to take profits and look for investment channels with higher profitability.
Tonight, 19:30 Vietnam time, the US core PCE index will be announced. With the return of fundamental factors, gold may continue to decline in the short term. Persistent inflation will likely force the Fed to maintain a "hawkish" stance for longer, adding to the bearish bias in non-yielding assets, creating an unfavorable environment for the precious metal.
XAUUSD : Gold stopped its upward trend this weekWorld gold price (XAU/USD) increased slightly to close at 2,343 USD after the second preliminary estimate of US Q1 GDP growth rate showed stagnation, increasing market expectations for Fed's future rate reduction. Meanwhile, recent negative technical news along with hawkish comments from Fed officials are still weighing on market sentiment. However, many experts agree that long-term dynamics such as geopolitical tensions, global economic instability, trade wars or demands from central banks, especially the PBOC, will continue. continue to support gold prices to rise.
SUGAR/USD ShortSUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CHF (dollar-franc): a detailed technical orchestrationJudging by the Daily-timeframe build-up, we might imply that the price has nicely tapped into the liquidity region laying above the right shoulder of the recently formulated Head&Shoulders pattern, and now we are observing bearish moves in the destination of two zones - the pattern neckline and the 0.888 key level. Upon reaching the pattern neckline (0.9 region), we will be observing price behaviour before taking further action. If we are able to witness some rejections, then, there is a high probability that the 0.909 region will be re-visited for a re-touch (break+retest formation) before further bearish moves resume and, potentially, drive the price in the destination of the 0.888 level. On the other hand, if no signs of a bounce are printed on the 0.9 zone and the break is evident, then, the price will have enough potential to keep dropping till the 0.888 region.
All in all, we recommend to have eyes on the day-to-day development and make decisions with no rush.
Hope this idea is of help!
EUR/USD Intra Day/Week Play 28/05/2025On the monthly we are currently witnessing the formation of a descending trangle in preparation for a breakout to the upside if we cross 1.13093 or to the downside if we cross 1.04898. This level has been mitigated back in July 2022 taking all buy side liquidity in the process beofre returning to create the new support level to begin a new wyckoff accumilation pattern.
On the weekly we can see that price has been ranging btween 1.10082 (highs) and 1.07237 (lows)
When we head down to the 4 hour we can see that price has mitigated the previous 4hr bearish order block to then form a break out to the downside, it then returned to the break out levels further claiming all the sell side liquidity in the zone and is preparing for a move downward to fill the imbalance @ 1.07953 and tap into either the bullish order block at 1.07876 or 1.07459
This upward movement is also supported by the bearish candle crossing the 20ema to test 100ema with a pisitive reaction to the upside on the 4hr indicating strong buying interest.
In this scenario, we would look for an entry at 1.07856 with a stop loss at 1.07117 and take profits at 1.10107 securing a nice 1:3 Risk to Reward.
Let me know what you guys think.
Hope you have a great week ahead.
Happy Trading.
XAUUSD : Gold turned down sharply and hung for two daysGold prices have broken the support level around $2,335, where the rising trendline intersects the 38.2% Fibonacci retracement level of the March-May rally. Combined with higher-than-average trading volume will be a signal for change. Many traders are selling gold and the bearish trend may continue.
In the event that XAU/USD plummets below $2,335, the 50-day SMA at $2,325 will be the bearish guard for the next bearish curve. While breaking this support may be difficult, if successful, there is room for a pullback to $2,265.
Conversely, if gold prices reverse upward, resistance will be at $2,365, followed by $2,377. If the gold price breaks through the resistance level at $2,377, the possibility of a decline will be significantly reduced. This breakout could open the door for further price increases to $2,420.
USDCHF: Borderline but still bullish on 1D.USDCHF is borderline bullish on its 1D technical outlook (RSI = 57.216, MACD = 0.002, ADX = 24.748) but still inside the 2024 Channel Up. As long as the 1D MA50 supports, we will stay bullish along with the trend, especially since the 1D MACD formed another Bullish Cross. Despite the presence of the R1 level, the bullish waves of the Channel Up have been clear and dominant. The current one targets the R2 level but we pursue a more modest target (TP = 0.9300).
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SUGAR/USD ShortSUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Gold is maintaining prices around the resistance level of 2,400A look at traders' recent bets shows growing skepticism that the Fed will lower interest rates multiple times in 2024. According to the CME FedWatch Tool, investors predict a 63% chance of a Fed cut. reduce interest rates next November.
Gold is traditionally seen as a hedge against inflation, but higher interest rates increase the opportunity cost of holding gold, which is a non-yielding asset.
The ambiguity in the FED's monetary policy can make it difficult for gold to "take off" and future developments depend heavily on data. However, the expert continues to maintain optimism about gold.
This morning, the USD-Index increased slightly to 104.72 points; 10-year US Treasury bond yield decreased slightly to 4.566%; US stocks fluctuated mixed
The Asian trading session pushed XAU prices higherIn the short term, spot gold still tends to be more positive than negative. The price level of 2,310 USD/ounce is an important short-term support level this week."
The core personal consumption expenditures price index (PCE), the Fed's preferred inflation measure, is expected to be released later this week (May 31). Minutes of the Fed's latest meeting, released last week, show that the Fed will maintain benchmark interest rates at current levels but also discussed the possibility of raising interest rates in the near future.
A look at traders' recent bets shows growing skepticism that the Fed will lower interest rates multiple times in 2024.
In the short term, spot gold still tends to be more positive than negative. The price level of 2,310 USD/ounce is an important short-term support level this week."
The DXY index performed less positively and at the same time the yield also decreased
EUR/USD Intra Day Play Intra day play for EUR/USD.
Target Levels are
1) 1.08107
2) 1.78286
3) 1.07553
4) 1.07280
Let me know what you guys think.
Hope your have a great day and your screens are green.
Capital Club Team.
XAUUSD : Gold will increase strongly againAlthough the price of gold is slightly decreasing today, looking at the technical level, the prospect of an increase in price of this precious metal is still very high as XAU/AUD is trading actively above the 100 EMA today. However, the indicator RSI 14 is currently at an intermediate level around the 50 line, showing the possibility that XAU/USD will move sideways or not have a clear trend in the short term.
The first upside price target will appear at the upper border of the Bollinger band at $2,427. If gold's momentum is sustained, prices could head towards an all-time high of $2,450. Breaking through this resistance level, gold could rise to the psychological level of $2,500.
Conversely, the $2,325 level will be the initial support zone for XAU/USD. The next key support level is $2,300. Any sell-off below this level would send gold prices closer to the lower edge of the Bollinger band at $2,277, followed by the 100-day EMA at $2,222.
2,310 USD/ounce is an important short-term support level this wgold expenses improved barely these days as traders waited for americaA to announce inflation information withinside the following few days to are expecting whilst to reduce hobby quotes.
The facts that can wonder the gold marketplace withinside the following few days is americaA center non-public intake fees index (PCE) - an vital inflation degree of americaA Federal Reserve (FED).
The greenback slid to its lowest in greater than a week, making gold inexpensive for holders of different currencies.
Gold expenses in Asian markets nearly went sideways at some stage in the buying and selling consultation on May 28, whilst the USD weakened. Meanwhile, traders are expecting vital US inflation information to provide clues approximately whilst americaA Federal Reserve (Fed) will reduce hobby quotes.
“The outlook for a more potent USD is supported with the aid of using a extrade withinside the US economic coverage stance, because the Fed starts to search for proof to elevate hobby quotes in place of easing economic coverage which will be a risk. large for the gold marketplace.
GBPUSD price analysis week 22📌GBP/USD steadies above 1.2700 following a decline in UK retail sales. GBP/USD recovered and steadied above 1.2700 after falling to weekly lows below 1.2680 early in the European session on disappointing UK Retail Sales data. USD struggles to find demand on the upbeat risk mood and allows the pair to hold its ground.
📌The Relative Strength Index (RSI) indicator on the 4-hour chart remains near 50, indicating a lack of directional momentum. If GBP/USD fails to stabilize above 1.2700, then 1.2640 at the 89 EMA could be seen as the next support level ahead of the key 1.2570 level.
📌In case the trend line and support area of 1,264 still holds and pushes GBPUSD price into the bullish range, the current resistance at 1,275 is still weakening before the pair finds a more quality resistance area at 1,280.
🕯Trading signals
SELL GBPUSD zone 1.28000-1.28200 SL 1.25800
BUY GBPUSD zone 1.25700-1.25500 SL 1.25200
XAU increased slightly in the first trading session of the weekCurrently, investors are waiting for the personal consumption expenditures price index (PCE), the preferred inflation measure of the US Federal Reserve (FED), expected to be announced on January 31. 5 for more clues about the future direction of Fed policy.
The gold market will be sensitive to inflation data. Accordingly, if the report shows falling price pressure, it will increase expectations of FED interest rate cuts and boost gold prices. On the contrary, if PCE is higher than the market forecast, gold prices may fall even deeper.
The gold market will be sensitive to inflation data. Accordingly, if the report shows falling price pressure, it will increase expectations of FED interest rate cuts and boost gold prices. On the contrary, if PCE is higher than the market forecast, gold prices may fall even deeper.
USD/CHF Long, SUGAR/USD Short, EUR/AUD Short and GBP/AUD LongUSD/CHF Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/AUD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/AUD Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EURUSD: Today's result is critical for maintaing the Channel DowEURUSD has turned bullish short-term on its 1D technical outlook (RSI = 59.604, MACD = 0.002, ADX = 30.311) as it rebounded before the 1D MA50/200 test. This is making a LH, same way it did on March 21st, again after holding the 1D MA50/200. Similarly, the 1D RSI us on the MA period. A rejection today validates the fractal bias of happening again. In that case, we are still on course to forming the new bearish wave of the five month Channel Down. We are still aiming for the 1.236 Fibonacci extension (TP = 1.05550).
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XAUUSD : Gold is recovering againWorld gold price (XAU/USD) yesterday increased more than 25 USD to a high of 2,358 USD. Although expectations about the Fed cutting interest rates recently have many negative changes, gold has a lot of momentum and one of the measurements is that the world geopolitical situation is becoming more complicated with military conflicts. There is increasing tension between Israel and Hamas forces. But analysts predict that investors are still betting on gold prices to increase in the near future. Forecasts say that by the end of the week, gold price will increase to 2,375 USD.
Gold is recovering this weekClosing the buying and selling consultation withinside the US marketplace this morning, the arena gold spot rate became round the edge above 2,353 USD/ounce, a pointy boom of nineteen USD/ounce in comparison to the preceding buying and selling consultation last on this marketplace.
Qatar`s Ministry of Foreign Affairs protested the huge assault on a refugee camp in Rafah, southern Gaza Strip, simply hours after Hamas forces introduced that that they'd fired a chain of large-quality rockets into Tel Aviv and the Central region. Israel. Qatar stated Israel's modern-day assault on Rafah may want to avert mediation efforts to attain a ceasefire settlement and change hostages with Hamas forces.
Experts say that escalating geopolitical tensions will nonetheless help gold charges to boom withinside the quick term. However, traders ought to additionally be cautious, due to the fact while it increases "hot" because of geopolitics, it'll calm down quickly. Furthermore, withinside the ultimate 2 days of the month, the marketplace will get hold of a few financial records from the US, that may positioned stress on gold charges.
