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DXY : USD will decline after many strong fluctuations.The DXY index fell sharply last week, reaching its lowest level since April 10. This sell-off mainly stemmed from a decrease in US government bond yields after the Fed's somewhat "dovish" statement and weaker-than-expected employment data. Accordingly, DXY fell nearly 1%. However, the weekend session saw a rather strong withdrawal, somewhat narrowing the downward momentum. Accordingly, the major currency pairs also have similar fluctuations.
TVC:DXYShort
by SantaTradeGold
Brent stopped out and Drawdown increasingIn this live trading session video,we look at the BRTUSD trade that got recently stopped out for a small loss on the 100k traders challenge account. We also look closely at the drawdown and why this is happening according to the strategy characteristics on both 50% OE and 20% OE strategy. Finally, we explore on what we should do about this by looking at 3 different options. The concepts and ideas in this video can be cross transferred onto any strategy.
ACTIVTRADES:BRENT
by masterthemarkets2010
XAU continues to increase while DXY declines slightlyWorld gold prices increased sharply yesterday after the Fed decided to keep the standard interest rate unchanged at 5.25-5.5%. Traders have recently trimmed bets on when the Fed will ease monetary policy this year as the latest data showed the US economy remains resilient and inflation remains “persistent”. Meanwhile, the weakening dollar and US Treasury yields have prompted some bargain hunting. The dollar fell 0.2% after hitting a near six-month high, making gold cheaper for holders of other currencies, while benchmark US 10-year bond yields also fell.
OANDA:XAUUSDShort
by TrategySherpa
Gold is waiting for further news from the FedWorld gold fees extended sharply the previous day after the Fed determined to hold the usual hobby price unchanged at 5.25-5.5%. Traders have lately trimmed bets on while the Fed will ease financial coverage this yr because the modern day records confirmed the United States financial system stays resilient and inflation stays “persistent”. Meanwhile, the weakening greenback and US Treasury yields have precipitated a few good deal hunting. The greenback fell 0.2% after hitting a close to six-month high, making gold less expensive for holders of different currencies, whilst benchmark US 10-yr bond yields additionally fell.
TVC:GOLDShort
by TrategySherpa
May 3 trading strategyWorld gold prices decreased due to investors' psychology of market exploration, causing demand to become weaker, pulling gold prices back down to around 2,300. World gold has dropped 5% from the record level of 2,431.29 USD/ounce set on April 12 in the context of tensions in the Middle East cooling down and expectations of the US cutting interest rates soon this year are growing. fading. However, according to EverBank's President of World Markets Chris Gaffney, instability in the global economy, geopolitical tensions as well as developments related to this year's elections are still important factors. beneficial for gold prices. Similarly, Abrdn Chief Strategy Officer Robert Minter said that as long as geopolitical tensions continue and economic policies continue to cause instability, gold will continue to serve as a foundation for growth. stable. Robert Minter added that geopolitical instability not only boosts safe-haven demand for gold but also drives investors away from the USD.
OANDA:XAUUSDLong
by TrategySherpa
Pressure from gold if the Fed has not raised interest ratesAccording to analysts, in the short term, the fact that the US Federal Reserve (Fed) has not lowered interest rates will increase the value of the USD, thereby causing gold to more or less suffer certain pressures. However, in the medium and long term, gold is forecast to increase in an environment of high inflation and slow economic growth. Moreover, the United States cannot avoid the scenario of entering a period of loosening monetary policy by lowering interest rates. A weakening USD will push gold prices up. Many forecasts say that gold price will reach 2,500 USD/ounce by the end of the year and will increase sharply in the following years. World gold prices decreased due to investors' psychology of market exploration, causing demand to become weaker, pulling gold prices back down to around 2,300 USD/ounce.
TVC:GOLDShort
by TrategySherpa
XAUUSD : Gold is falling to create upward momentum todayThe greenback continues to weaken but gold is not really benefiting Gold price is currently quite calm around the 2,305 USD mark. Optimistic market sentiment, falling US government bond yields and a weakening USD are the factors that are having the main impact on this precious metal. Investors are continuing to evaluate Chairman Jerome Powell's comments on Wednesday and the Fed's decision to leave interest rates unchanged. Previously, investors predicted the Fed would take a more "hawkish" stance. However, the reality is the opposite and the price of gold has skyrocketed to nearly 2,330 USD. However, gold could not maintain this increase and turned down afterwards and is currently trading around the $2,305 mark, just below the 20 EMA.
OANDA:XAUUSD
by SantaTradeGold
GOLD : Gold's ability to increase is still thereXAU/USD has met the minimum requirement to complete a bearish "Measured Move" pattern after reaching the 0.618 Fibonacci level of wave C at $2,286. This means that gold prices will likely go up in the near future. This pattern is made up of three waves in a zig-zag pattern. The end of wave C, which is also the final wave, can be estimated based on the length of wave A and will usually be equal to the length of wave A or equal to the 0.681 Fibonacci ratio of wave A. If the price penetrates the 0.681 Fibonacci level At 2,285 USD, it is possible that wave C in this model will be equal to wave A and the target will be 2,245 USD or also the Fibonacci 1,000 threshold. In general, the trend of gold prices is still increasing in both the medium and long term. If it successfully breaks through the cluster of SMA lines and the peak of wave B at around 2,350 USD, it could open a new price increase and XAU/USD could completely return to test the high of 2,400 USD. However, the Fed did not forget to send the market a "hawkish" signal on the issue of inflation, specifically: "In recent months, there has been no significant progress towards the 2% inflation target. " This makes some investors concerned about the possibility of the Fed raising interest rates in the future, which could negatively affect gold prices.
TVC:GOLD
by SantaTradeGold
XAUUSD : Gold is back on the rise once againThe current gold price is trading around 2,323 USD/ounce. The golden boy immediately regained the mark of 2,300 USD/ounce after yesterday's sharp decline to 2,285 USD/ounce. The spot price of gold (XAU/USD) soared last night to more than 2,328 USD/ounce after Fed Chairman Jerome Powell spoke. Mr. Powell affirmed that cutting interest rates now is inappropriate until inflation shows clear signs of returning to the 2% target. He also added that this year's inflation data is "not convincing enough" to change the Fed's stance. Gold prices rose slightly after the Fed took a less hawkish stance than expected by keeping interest rates unchanged, and Japanese authorities were suspected of intervening to support the Yen, damaging the USD.
OANDA:XAUUSD
by SantaTradeGold
XAU plummeted without stoppingToday, the US economy will release a series of April economic data and non-farm payrolls reports. At the same time, the Fed ended this session. It is likely that the employment report will have a strong impact on financial markets, including gold. Traders have lowered expectations about the timing and extent of US interest rate cuts this year after published reports showed inflation running "hotter" than expected and Fed officials, including including Mr. Powell, continuously made "hawkish" words. Senior analyst Ricardo Evangelista of ActivTrades predicts that Mr. Powell may take a tougher stance. This would push expectations for the first rate cut to the fourth quarter or even next year, a scenario that would bode poorly for gold. Despite the decline in gold prices, ANZ analysts still maintain a positive view on gold and believe that a healthy correction could take gold to $2,500/ounce.
OANDA:XAUUSDLong
by TrategySherpa
XAUUSD : Gold breached the $2,300/ounce mark!Gold prices lost the $2,300 mark last night as data from the US showed that labor costs are rising, thus pushing up inflationary pressure. As a result, the Fed will need to be more patient in lowering interest rates, as Fed Chairman Jerome Powell announced two weeks ago. Gold price is trading at $2,292/ounce, up slightly by 0.27% after falling more than 2% on Tuesday, in the context of rising US government bond yields and a stronger USD. Data from the US Bureau of Labor Statistics (BLS) shows that the Labor Cost Index (ECI) skyrocketed in April. In addition, US consumer confidence also continued to decline, according to the monthly report. 4 by the American Conference Board (CB). It is still too early to conclude that the uptrend has ended. Although a drop below the $2,300 mark could open the door to a deeper correction, at least as long as the price has not completely breached the April 23 low at $2,291. The downtrend will increase if the price loses this mark and will be even more negative if the EMA 50 at $2,240 is breached. Currently, XAU/USD has broken through the EMA 20 and beyond is the rising trendline, which is also the lower boundary of the symmetrical triangle model. Not to mention, the RSI indicator is pointing down and fluctuating below 50. However, investors should not be too pessimistic. In case the price rebounds, the first resistance will be the 20 EMA at $2,215 and beyond that is the April 26 high at $2,252. The buyers will need to overcome these two barriers to consolidate their formation before considering the next increases.
OANDA:XAUUSD
by SantaTradeGold
The next potential support zone is around 2,261 to 2,255Measuring the bear flag provides a slightly different target that is a little higher than the 50-Day line. If the flagpole is measured from the daily breakdown of the April 19 low of 2,373 to the recent retracement low of 2,291, a potential target of 2,238 is calculated. Given the clarity expressed by today’s selling (wide range red candle with trading continuing near the range lows) it seems that the chance of meeting the flag target becomes more likely. Selling doesn’t happen in one day and there is some similarity between today’s wide range day and the first on April 12, and the second on April 22. Nevertheless, the next potential support zone is around 2,261 to 2,255, consisting of two Fibonacci levels. Also, an internal uptrend line is close to the price zone depending on when it is reached. It provides an added indication on the way down. Regardless of the potential support levels on the way down, given the large rising parallel trend channel in gold, the lower internal uptrend line could also be reached. We will be watching for clues on the way down. As of now, the price zone around the 50-Day MA is the deepest anticipated retracement.
TVC:GOLD
by NicoTradingMaster
gold buy signalGold 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 buy 2296 tp1 2300 tp2 2304 tp3 2308 tp4 2312 tp5 2316 tp6 2330
OANDA:XAUUSDShort
by Mark804
⭐️ XAU/USD : +350 Pips Fall so far, What's Next ? (READ CAPTION)The $2320 and $2313 target reached ✅, yielding more than 350 pips since yesterday! I hope you took advantage of it! by Reviewing the gold chart, we see that the price started to fall from the $2346 range and has managed to correct down to $2311 with a drop of over 350 pips to this moment! According to the previous analysis, this fall could continue down to $2303, but please note that I expect some relative demand in the $2291 to $2303 range! So, you can consider this range for a potential BUY 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
OANDA:XAUUSDLong
by ArmanShabanTrading
15
eurusd buying levels here is good opportunity read the caption The EURUSD has moved back to a new session low and in the process is testing the 200-hour MA at 1.0687. That MA stalled the fall on Friday (at a lower level). Moving below the 200 hour MA is now needed to increase the bearish bias, and have traders targeting the trend line and the low of a swing area down to 1.06529. If the buyers stall the fall here (and trader could buy here given the low risk), getting back above the 100-hour MA at 1.0711 would be eyed as a level to get to and through
Long
by Mrsam36
Wait for XAU to fluctuate before the FOMC meetingGold costs recorded a mild decline after current losses as investors persisted to rate in better longer-time period US hobby charges beforehand of the United States Federal Reserve (FED) assembly over the weekend . From a technical perspective, the growing trendline at $2,320 may want to assist the marketplace stabilize and assist the rate. However, if this key assist is broken, dealers may want to growth the stress and push gold costs down to $2,205. If the downward fashion continues, it can pave the manner for gold costs to go back to $2,260, similar to the 38.2% Fibonacci retracement threshold of this year`s rate growth. If gold costs get over contemporary levels, the primary resistance will possibly be at $2,355 after which at $2,395, a stage that corresponds to a downtrend line drawn from the historic top. This barrier may want to pose a prime venture for the bulls, however if successful, gold costs may want to head towards $2,417 after which doubtlessly retest the historic top at $2,431 again.
TVC:GOLD
by TrategySherpa
1