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🔴 TSLA : BIG Fall Ahead ? (READ THE CAPTION)By diving into the #Tesla stock chart, we can observe that the price has reached a critical supply zone. The pattern emerging on the chart suggests that a significant downturn in Tesla's stock could be imminent. However, keep an eye on the crucial resistance at $199—if the price breaks and holds above this level, it would invalidate this bearish outlook. Should the decline unfold as expected, we are looking at potential targets of $168, $139, and $119. Stay tuned for updates as the situation evolves! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
NASDAQ:TSLAShort
by ArmanShabanTrading
43
XAU/USD Monday Trades ReviewToday's Trade Summary 📊 2x Trades Taken (1x Win & 1x Break Even) 📈 EUR/USD failed to gain enough momentum when the NY markets opened, so we closed for break even to protect our profits. XAU/USD (Gold) hit TP 1 for a 98.5 pips move, with all profits taken off the table at this time of writing, equating to a 1:1 Risk Reward gain. 💰🏅 I still expect XAU/USD to move to the upside, but I'm always a fan of securing the profits and being risk-free. I had 10% left in the trade, and I prefer to exit completely, enjoy the rest of the evening, and protect my psychology with a clean win to head into tomorrow's trading day positively. 📊😊 Hope you all had a great day and will catch you in the AM for tomorrow's trades. 🌞 Capital Club Team 💼
OANDA:XAUUSDLong
by FXCapitalClub
Gold will turn around and continue to riseGold prices rose during the Asian session on Monday. The metal's rise is supported by a weak USD and rising geopolitical risks in the Middle East. Speeches from Fed officials such as Fed Chair Michelle Bowman, Cleveland Fed President Loretta Mester and Minneapolis Fed President Kashkari on Tuesday will be notable. However, lower bets on a Fed rate cut this year and a hawkish stance from Fed officials could weigh on gold prices. On Monday, US banks will be closed due to the Memorial Day holiday. Gold traders will wait for further cues from the Fed's statements on Tuesday. Of particular interest will be US GDP data for the first quarter on Thursday, which is expected to increase 1.5% in the first quarter. Stronger-than-expected data could strengthen the dollar and weaken gold prices.
TVC:GOLDLong
by SantaTradeGold
XAUUSD : Gold retreated after the weekend sessionThe gold market has had a volatile week, recording record highs before plummeting. On Monday, the price quickly reached a new historic high of 2,450 USD but could only hold there for a short time and then retreated to close at 2,426 USD. On Tuesday morning, gold prices began to decline slightly but still had a retreat and closed at 2,421 USD. This small decrease turned out to be just a prelude to the coming storm. The catalyst for the sharp sell-off appeared on Wednesday when the Fed released the latest version of the FOMC meeting. The minutes showed that Fed officials expressed concern about recent inflation reports, questioning the effectiveness of monetary policy in bringing inflation to the 2% target in a sustainable way. On Thursday, gold continued to experience a large decline and after only 3 sessions, the price of gold rose to more than 120 USD from its historical peak of 2,450 USD. Selling pressure also comes from the strong USD throughout the week. Although the DXY index fell 0.27% to close at 104.76, even this temporary weakness could not buoy the gold market. However, geopolitical news that emerged over the weekend supported gold prices, at least temporarily halting the decline and possibly even opening up a recovery.
OANDA:XAUUSDLong
by SantaTradeGold
XAU continued to decline after the minutes of the latest FEDXAU price continued to decline as investors took profits after the latest meeting minutes of the US Federal Reserve (Fed) showed that interest rates will stay higher for a longer period of time. After the release of minutes from the Federal Open Market Committee (FOMC) meeting, the Fed's decision-making arm, revealed that, although policymakers expected price pressures to eventually ease, But they have not fallen fast enough to warrant a cut to the federal funds rate target range, which will remain at 5.25% - 5.50% “at least through September.” The market is paying close attention to the labor market, which remains an important factor for the Fed's monetary policy. Economists note that a tightening labor market will push wage inflation higher, which will increase consumer prices overall.
OANDA:XAUUSDLong
by TrategySherpa
Gold dropped sharply after news from the FEDThe marketplace is paying near interest to the exertions marketplace, which stays an crucial thing for the Fed`s financial policy. Economists notice that a tightening exertions marketplace will push salary inflation higher, to be able to growth customer fees overall. We anticipate traders will retain to shop for strongly whilst fees fall and we do now no longer anticipate gold fees to say no significantly." He brought that gold may want to attain the subsequent guide degree at $2,three hundred and if indicators display that the Fed is prepared to reduce hobby quotes that could be the subsequent predominant catalyst to assist gold fees rise. After the discharge of mins from the Federal Open Market Committee (FOMC) meeting, the Fed's decision-making arm, found out that, even though policymakers anticipated charge pressures to subsequently ease, But they've now no longer fallen speedy sufficient to warrant a reduce withinside the federal price range fee goal range
TVC:GOLDLong
by TrategySherpa
XAU/USD Intra Day/Week Play - 27/05/2024With gold being at all time highs our analysis on this week's play was carried out on the Daily and 4hr to set a respectable tone to price action and what we anticipate seeing over the coming day(s) / week. On the daily we see that price has finally exhaused itself to complete its upward move to the extreme supply zone of 2,440.372 and has now started to retrace back to key demand levels leaving behind it some imbalances on the daily and 4 hour. Overall the ema's all support a bullish direction to which I believe we will continur but not before tapping into the unmitigated bullish order block at 2,317.065 and then heading upwards to seek out the extreme supply zone levels of 2,432.198 This all supports the inverse corrolation we anticipate happening with the greenback on this week's analysis also which can be seen below. We are aware that CPI and Unemployment claums will greatly impact this technical analysis so it will be interesting to see how this week plays out. Let me know your thoughts on this. Hope you have a great week ahead. Happy Trading. The FX Capital Club.
OANDA:XAUUSD
by FXCapitalClub
USDCAD Strong sell following today's rejection.USDCAD is neutral on its 1D technical outlook (RSI = 50.081, MACD = 0.001, ADX = 32.778) as it formed a Lower High yesterday and today got sold aggressively. This is a Channel Down since the April 16th High, which having broken under the 1D MA50, has confirmed the continuation of the bearish price action. We expect the 1D RSI to at least hit the 30.000 level, as every rejection on the R1 Zone, saw the pair reach at least the 0.618 Fibonacci level. We are bearish, aiming at that level (TP = 1.34350). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
Xauusd confirm sell Gold Price: Current Pricing, Prices Chart & Rate Graph 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 sell 2338 Target 2330 Target 2318 Target 2305
OANDA:XAUUSDShort
by JohnHarry_7
1
Gold continues to decline after 2 daysSpot gold prices continued to decline on Thursday, with the lowest trading level at 2,327.28 USD. The precious metal fell sharply for the second straight week, with the USD initially taking advantage of the hawkish FOMC meeting minutes. Documents released on Wednesday showed officials expressed concern about the lack of progress in achieving the 2% inflation target, but remained confident that inflation would fall. However, a rate cut seems unlikely before September. The announcement weighed on the stock market, pushing Wall Street to close lower.
TVC:GOLD
by SantaTradeGold
XAUUSD : Gold will have a reversal todayAfter only 2 consecutive falling sessions, world gold price (XAU/USD) has dropped more than 100 USD if calculated from the high on May 22. Since the historic peak of 2,450 USD, XAU/USD has dropped more than 120 USD in just 4 sessions. Gold has been at a disadvantage since Wednesday's hawkish FOMC meeting minutes. Just yesterday, preliminary PMI data were released with a spike in the services sector, which accounts for about two-thirds of US economic activity. Data shows the US economy remains strong, despite high interest rates, further pushing back investor expectations for the Fed to cut interest rates soon this year. TD Securities commodity strategist Daniel Ghali said that although the greenback's recovery and the weakening interest rate outlook have triggered a sell-off in the gold market, the correction will not be too deep. According to him, gold is adjusting to the view that the Fed will maintain high interest rates for a longer period of time, while at this meeting, the Fed mentioned the possibility of raising interest rates if inflation remains "persistent". UBS Bank recently raised its gold price forecast to 2,600 USD by the end of 2024 and advised investors to wait to buy at about 2,300 USD or lower.
OANDA:XAUUSDLong
by SantaTradeGold
⭐️ XAU/USD : GOLD's Tradable Key Levels (Important Caption)By examining gold in the 1-hour time frame, we can see that the price experienced a heavy drop after yesterday's analysis, which was due to the fact that the Federal Reserve announced that the interest rate will remain high for a longer period of time! Currently, gold is trading in the range of $2367 and there are very important supply zones in front of it! These ranges are $2371 to $2374, $2380 to $2383.5, $2387 to $2395, $2406 to $2415, $2422 and $2430 respectively! These are the key supply levels of gold that the price can reach in the short and medium term and react! There is a very important liquidity void in the range of $2395.5 to $2405.5, which I believe this FVG will be filled in the short term! The important demand levels are $2351 to $2358, $2328 to $2332, and $2323 to $2327, respectively! Note that you must monitor the price reaction to the mentioned key levels, because all these levels are tradable! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSD
by ArmanShabanTrading
15
GBPJPY: Bullish continuation. 1D MA50 in full support.GBPJPY is almost overbought on its 1D technical outlook (RSI = 69.343, MACD = 1.720, ADX = 59.150) and is extending the bullish wave inside the 16 month Channel Up. The overbought technicals shouldn't be a factor for a bearish reversal as long as the 1D MA50 continues to support. We are confident with buying, aiming at the top of the Channel Up (TP = 208.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
XAUUSD : Gold turned down sharply after the FOMC meetingClosing the trading session on May 22, spot gold price decreased 1.8% to more than 2,377 USD/ounce after hitting a historic high of 2,450 USD/ounce on May 20. Calculated from the intraday high of 2,426 USD/ounce, spot gold price has decreased by about 50 USD/ounce. Gold futures contracts also decreased 1.4% to nearly 2,393 USD/ounce. As of the time of writing, spot gold prices continue to be under selling pressure, reaching a low of 2,366 USD/ounce. Jim Wyckoff, Senior Analyst at Kitco Metals, said the market is seeing some sustained liquidation during the week, with some short-term futures traders taking profits. This is completely normal when gold prices reach new peaks. "Tomorrow will be an important trading day and gold prices need to recover immediately, otherwise there will be a strong correction in the short term," Mr. Wyckoff added. The newly released minutes of the FOMC meeting shocked the gold market, leading to a wave of strong selling. According to the minutes, Fed officials expressed concern about persistent inflation in the first quarter of 2024. Some even favored further tightening of monetary policy if inflation continued to exceed expectations. . In addition, the minutes also revealed the Fed's view that it will take more time than expected to bring inflation to the target level of 2%. This makes many investors worry that the Fed's interest rate cutting roadmap may be delayed. Compared to previous sessions, this time's minutes were considered much more "hawkish", demonstrating the lack of confidence of some Fed officials about the current level of inflation control. While acknowledging that inflation has fallen over the past year, the minutes also note that there has been no significant progress in achieving the 2% inflation target in recent months. The latest Consumer Price Index (CPI) report shows that inflation is showing signs of decreasing. However, Fed policymakers emphasized that a single data point or monthly report is not enough to accurately assess trends. Therefore, the Fed will likely wait a few more months to monitor the next reports and ensure that inflation has been effectively controlled before considering reducing interest rates.
OANDA:XAUUSD
by SantaTradeGold
Gold is falling to create momentum to increase again ?Gold prices decreased because US government bond yields increased after the Fed meeting minutes. Gold prices fell sharply when US government bond yields increased and the greenback appreciated. The 10-year US government bond yield increased 2 basis points to 4.43%, while the DXY index increased 0.19% to 104.82, an obstacle for gold. FOMC minutes showed that Fed officials remain uncertain about the extent of policy tightening. They added that "it will take more time than expected to have more confidence in inflation falling to 2%." During the week, speeches by Fed officials laid the groundwork for the "hawkish stance" of the FOMC Minutes, as most officials said they wanted to be sure that inflation was coming down and that they were in no hurry. lower interest rates. Data from the Chicago Mercantile Exchange shows investors are expecting the Fed to cut interest rates by 31 basis points by the end of the year.
TVC:GOLD
by SantaTradeGold
XAU plunged as USD increased sharplyXAU price dropped sharply in this morning's trading session as the USD increased thanks to the policies of the US Federal Reserve (FED). According to the newly published minutes of the FED's meeting, although the US Central Bank's monetary policy has become a secondary factor in the gold market, persistent inflation may force the FED to raise interest rates once. more and create some selling pressure on precious metals. This view goes completely against recent statements by members of the US Monetary Policy Committee that although they are not ready to cut interest rates because inflation is still high, they will not raise interest rates. Recently, gold has been greatly affected by the FED's "hawkish" policy stance. However, despite the fluctuations, gold is still considered an effective investment asset thanks to its role in preventing inflation and diversifying investment portfolios.
OANDA:XAUUSD
by TrategySherpa
Gold is greatly affected by the FED's "hawkish" policy stanceGold is significantly suffering from the FED`s "hawkish" coverage stance. According to the newly posted mins of the FED's meeting, even though the United States Central Bank's financial coverage has come to be a secondary thing withinside the gold market, continual inflation might also additionally pressure the FED to elevate hobby costs once. extra and create a few promoting stress on valuable metals. This view is going absolutely towards current statements with the aid of using individuals of the United States Monetary Policy Committee that even though they're now no longer equipped to reduce hobby costs due to the fact inflation continues to be high, they'll now no longer boost hobby costs. Recently, gold has been significantly suffering from the FED's "hawkish" coverage stance. However, in spite of the fluctuations, gold continues to be taken into consideration an powerful funding asset way to its position in stopping inflation and diversifying funding portfolios.
TVC:GOLDShort
by TrategySherpa
⭐️ XAU/USD : First Long , then SHORT ! (READ THE CAPTION)Upon reviewing the gold chart on a 15-minute timeframe, we observe that the price is currently trading around $2423. It is likely that in the initial movement, we will see an increase to the range of $2428.5 to $2433. Following that, once the price enters the specified range, we may witness another drop in gold prices. All the important levels for trading have been marked on the chart! First Long , then SHORT ! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSD
by ArmanShabanTrading
84
⭐️ EUR/USD : Potent Sell Opportunity (Strategic Entry Point)Upon reviewing the EUR/USD chart on the 4-hour timeframe, we observe that the price, after accumulating liquidity above 1.08860, underwent a correction. Currently, the price is re-entering the Bearish Order Block ahead and we are still witnessing an IMBALANCE or FVG prior to the specified order block. This fact significantly increases the importance of this order block for us, and potentially, by capturing a suitable trigger, we could engage in an attractive SELL position! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
17