GBP/CHF Short and WHEAT/USD ShortGBP/CHF 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.
WHEAT/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below 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.
Forextrading
XAUUSD: Gold will grow strongly in the last 6 months of the yearWorld gold price moved sideways around 2,306 USD/ounce after falling sharply yesterday session. The gold market is under pressure as recent US economic data shows that the Fed will only have one interest rate cut this year. However, some economists note that the possibility of two interest rate cuts is still possible.
According to data from the US Department of Labor, in May, the US core CPI index increased by 3.3% over the same period last year and increased by 0.2% over the previous month, both figures are lower than the previous month. compared to forecasts and decreased slightly compared to April. This shows that inflation in the US cooled faster than expected, and at the same time put pressure on the US dollar. After the report, the USD plummeted with the Dollar Index falling from 105.08 points to 104.2 points. Silver and platinum prices also skyrocketed afterward.
GBP/CHF Short and WHEAT/USD ShortGBP/CHF 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.
WHEAT/USD Short
Minimum entry requirements:
• 1H impulse down below most recent low.
• 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.
XAUUSD: Gold will likely recover strongly at the end of the weekXAU/USD decreased slightly, currently trading around 2,314 USD/ounce. Yesterday, XAU/USD turned down after the Federal Reserve (Fed) signaled that there would only be one interest rate cut this year in the context of inflation still far from the target level.
The Fed kept interest rates steady on Wednesday, while policymakers forecast just one rate cut in 2024.
Jeffrey Christian, Managing Partner at American Government Group, commented: “The Fed neither lowered nor raised interest rates, so investors turned to less risky assets, including gold, thus the price of gold. increased very high and profit taking took place."
Fed Chairman Jerome Powell said the inflation outlook issued by the Fed is a “rather conservative forecast,” that may not be confirmed by upcoming data and could be adjusted.
Mr. Powell added that the better-than-expected CPI inflation data was something officials welcomed.
Demand for gold storage increases despite gold being at its peakHeadline inflation rose 3.3%. At the same time, core CPI, which excludes volatile food and energy prices, rose 0.2%, also below expectations; according to consensus forecasts, economists are expecting a 0.3% increase.
The report said annual core inflation rose 3.4%. While inflation remained above the Federal Reserve's 2% target, it fell from last month's 3.6% annual increase. Economists had expected an unchanged result...
The US Bureau of Labor Statistics said on Wednesday that the consumer price index (CPI) was unchanged last month after rising 0.3% in April. The latest inflation data was weaker than expected due to the Economists predict a 0.1% increase.
XAU price rose to a record high even though it was at its peakGold prices are seeing new buying momentum as consumer prices cooled more than expected in May, which, according to some economists, could create an opportunity for the US Federal Reserve (FED) to reduce interest rates. in this year.
The US Bureau of Labor Statistics said on Wednesday that the consumer price index (CPI) was unchanged last month after rising 0.3% in April. The latest inflation data was weaker than expected due to the Economists predict a 0.1% increase.
XAU surges after US inflation reportThe Fed kept interest rates steady on Wednesday, while policymakers forecast just one rate cut in 2024.
The Fed neither lowered nor raised interest rates, so investors switched to less risky assets, including gold, so gold prices rose very high and profit-taking took place."
forecast is quite conservative”, that may not be forgiven
Better-than-expected consumer price index CPI inflation data is something that officials welcomed, as the data is coming and could be adjusted.
XAUUSD : Gold decreased slightly then increased againXAU/USD decreased slightly and is trading around 2,312 USD/ounce. Traders are being quite cautious ahead of tonight's Fed policy meeting, because if the inflation report shows no improvement, the Fed may continue to hawkish. This means that both the USD and US yields will rise to the detriment of non-yielding assets like gold.
"The next important level is 2,300 USD/ounce. If gold drops below this price, it is likely to fall back to 2,200 USD/ounce in the near future" - Ong Everett Millman, Director of Market Analysis of Gainesville Coins (san trading of precious metals in the US) forecast.
GBP/CHF Trade Recap, GBP/CHF Short and USD/SGD ShortGBP/CHF Short
Minimum entry requirements:
• 1H impulse down below 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.
USD/SGD Short
Minimum entry requirements:
• 1H impulse down below most recent low.
• 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.
GBPAUD Sell/ShortLooking at a new rejection that seems to have been struggling to break past 1.93100 I can confirm to say this seems like a bearish downtrend that is occurring. I will take my entry now at 1.93072 with all inputs for TP and SL below. Please use proper risk management as always.
GBPAUD Sell/Short
ENTRY: 1.93072
TAKE PROFIT:
TP 1: 1.89317
TP 2: 1.86379
SL: 1.94623
Please use proper risk management upon entering this trade.
GBP/CHF Short and USD/SGD ShortGBP/CHF Short
Minimum entry requirements:
• Tap into area of value.
• Risk entry after a 1H rejection or a phase line break.
USD/SGD Short
Minimum entry requirements:
• 1H impulse down below most recent low.
• 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.
XAUUSD : Gold is focusing on Fed interest ratesThe world gold price recorded at 09:30 on June 11 according to Vietnam spot time was around 2,302 USD/ounce, down 8.50 USD compared to yesterday. Investors are trading cautiously as they wait for US inflation data and the US Federal Reserve's (FED) interest rate decision in the middle of this week.
Derivatives trading involves high risks and may not be suitable for all investors. Therefore, consider carefully whether this transaction is suitable for your financial situation or not. Trading advice is based on information obtained from trading services and statistics and other sources Blue Line Futures, LLC is bullish. We do not guarantee that the information is accurate or complete, as it should not be relied upon entirely. Trading advice reflects our good faith judgment at a certain time and is subject to change without notice. There is no guarantee that our advice will lead to profitable trades. All trading decisions will be made by the account owner. Past results do not necessarily reflect future results.
Gold may continue to decline because China stops importing goldInvestors` bottom-fishing mentality while gold drops
gold rate extended once more due to the fact buyers had a bottom-fishing mentality after the rate plummeted remaining weekend.
Gold fees are going in opposition to the overall guidelines of the marketplace while many forecasters get hold of horrific news. The US purchaser rate index for May, which is set to be published, is probable to increase, making the postpone in slicing hobby prices through the United States Federal Reserve (Fed) even longer.
Gold buyers are turning their interest to the Fed's Federal Open Market Committee (FOMC) assembly scheduled for June 11-12 (US time), with the intention to open up a extra wonderful direction. for rate gold