Huge fall.Today's trend is really pleasing. After all, the profit is obvious. I believe that members who follow the quick instructions to trade have great gains.
US media: Hezbollah publicly supports a ceasefire in Lebanon for the first time. Under the influence of this sudden news, the price of gold fell sharply. The current quotation is 2620. It came to the support below. But I think the price of gold will continue to rebound, and soon. If you need such real-time guidance, remember to tell me.
In fact, it is normal to draw such a conclusion. Because there are more than ten years of market analysis foundation here. The two consecutive days of events this week can accurately carry out some good transactions. This is not accidental, but an understanding of the market.
If you are confused about your current trading. You can refer to the effect of quick instructions. It is only a matter of time to recover losses. If you buy at a high position, you should do this. Because starting earlier can reduce the expansion of losses.
I am George. I am an industry insider who has been paying attention to the financial market for more than ten years and has maintained active trading. I will use my expertise to lead everyone to compound interest value-added. If you want to know more, remember to stay tuned. Tip: The current trading opportunities are very large. The market is also very stable. Remember not to miss the opportunity to make money now. OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAUUSD CAPITALCOM:GOLD
Goldlong
USDJPY outlookUSDJPY had a rally upwards and now it seems like it has completed its upward move now we are heading downstairs now i am expecting a downward move starting as it has reached its daily Resistance level and it seems like it will start a rally downards another situation is if it breaks above the resistance it will rally upwards
SILVER - Idea for a long !!Hello traders!
‼️ This is my perspective on SILVER.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. Point of interest for a long is a rejection from trendline + LZ + FIBO 0.618 level.
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Gold Price Rally Continues: The Safe Haven InvestmentGold prices have been experiencing a consistent upward trend. This move has further solidified gold's position as a sought-after investment, particularly during economic uncertainty. As prices continue to hit new records, the yellow metal remains an attractive asset for investors seeking both security and potential returns.
The allure of gold as a safe-haven investment is well-established. In periods of market volatility or economic turmoil, investors often turn to gold as a hedge against inflation and currency devaluation. Its physical nature, unlike stocks or bonds, provides a tangible asset that can be held onto during times of crisis. Additionally, gold's limited supply and increasing demand from emerging markets have contributed to its upward price trend.
Beyond its role as a haven, gold has also been gaining popularity as an investment asset. Many investors view gold as a long-term store of value, believing that its price will appreciate over time. While there are periods of volatility, the overall trend has been upward, particularly in recent years. Gold can also be a diversifier in an investment portfolio, helping reduce overall risk.
The continued rise in gold prices has also spurred interest in gold-backed investments. Exchange-traded funds (ETFs) that track the price of gold have become increasingly popular, offering investors a convenient and liquid way to invest in the precious metal. These ETFs can be bought and sold on stock exchanges, making them accessible to more investors.
However, it's important to note that investing in gold is not without its risks. While gold has historically been a good hedge against inflation, there are no guarantees of future price appreciation. Economic conditions, geopolitical events, and changes in investor sentiment can all impact the price of gold. Investors need to do their research and consider their risk tolerance before making any investment decisions.
In conclusion, gold continues to be a highly sought-after investment asset. Its reputation as a safe haven, coupled with recent price increases and the reduction in customs rates, has made it even more appealing to investors. Whether as a hedge against inflation, a long-term store of value, or a diversifier in an investment portfolio, gold offers a unique set of benefits. However, it's important to approach gold investing with a long-term perspective and a thorough understanding of the risks involved.
The two-way rush of the US dollar and gold awaits PPI dataAfter 6 consecutive negative lines, the gold daily line rebounded near 2600 yesterday, and directly rose to 2630. At present, it has reached the 45-day level. Although the big positive line rose yesterday, it does not mean that the market has reversed. It is still operating in the channel range.
Gold has not formed a dead cross in the 4-hour period. It has not broken down now. If it breaks down, the downward space of gold can be opened. Short-term gold will start to fluctuate. The 2600 line below gold has not been broken three times. Today, gold can hold 2600 and go long first.
After the middle-yin line broke down, there was no strong continuation. Instead, the oscillation back and forth consumed the downward momentum. In the past few days, the support of 2600 line has been tested several times in a row, but it has not been successfully broken down. This shows that the support at this position is still relatively strong. It is difficult to make a decent adjustment without breaking 2600 in the short term. The upper side still needs to focus on the 2650 line pressure level. If it breaks through this position, then this round of callback will come to an end. Otherwise, gold will continue to fall.
Detailed intraday operation strategy:
SEII: 2650 Target: 2630-2620
BUY: 2625 Target: 2650----2660
Did you buy at the high?From the intraday trend, there are signs of continued rebound. But it needs the promotion of news. Independent traders need to pay close attention to whether the pressure position of 2630-2634 above can be accurately broken through and stabilized. At present, the current price is around 2621. If you want to trade, there will be some profits in the short term.
If the gold price breaks through 2634 quickly and stabilizes, the rebound will continue. COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAUUSD CAPITALCOM:GOLD
Gold: False Breakout and Bullish MomentumRecently, gold experienced a false breakout and re-tested support at 2622. This re-test has led the market back into a sideways movement, but with a strong bullish momentum building up along the trendline.
Resistance at 2655: If gold can reach and sustain its price at 2655, this will serve as the first confirmation of a bullish trend continuation.
Second Confirmation at 2686: A further rise and hold at 2686 will provide a second and more robust confirmation of the bullish trend.
Take Profit (TP): After gold reaches 2686, traders can consider taking profits.
Stop Loss (SL): A stop loss can be placed around $15-$20 below the entry point, or according to your risk management strategy.
Good luck with your trading 👋
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold is in the Bearish Direction after Formation ManipulationHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
DXY sellUS dollar had a blasting week this time now as we have traded its upward rally now its moving towards its resistance level where from it will be moving downward rally👇 from its resistance level on H1 we can see a Fair value gap under the price rallied so we will be bearish until it fills its GAP now if we talk about H4 and Daily price is bearish from Daily Time frame so we are bearish this time until fair value gap
GBPJPY buyBritis pound vs Japanese Yen is has completed its downward 👇 rally now price is going towards its Support level first it will take support then will start rally upwards to its Resistance level as we can also see price is pretty much consolidating inside support and resistance level of 1H so we will be deciding its direction upwards as SMA 50 on 1H is showing its gj will go down so we will wait until break above of the range
Gold has a bottom divergence, buy at the low todayThe US dollar continued to rise this week and has now risen to a two-month high. Gold also fell for the sixth consecutive trading day yesterday, and the lowest point of 2605 was tested many times, but it still did not fall below.
Therefore, from the current trend, it is not possible to continue to short, because the support of the 2605 line is very strong, and after the precipitation of the past few days, the short-selling force has also weakened a lot.
At the same time, it can be seen from the figure that the price trend is falling, but the MACD indicator is continuing to strengthen, which obviously forms a bottom divergence pattern, which is a bullish signal.
From the 1H chart, the upper suppression point is in the 2630-2640 area, and the lower support is 2605-2615.
So today's trading strategy is to buy in the support area and target the upper resistance area
$USSIRY -U.S CPI (September/2024)ECONOMICS:USIRYY
US Inflation Rate Slows Less Than Expected
source: U.S. Bureau of Labor Statistics
-The annual inflation rate in the US slowed to 2.4% in September,
the lowest since February 2021 but surpassing market expectations of 2.3%.
Compared to the previous month, the CPI increased by 0.2%, the same as in August.
Meanwhile, annual core inflation unexpectedly rose to 3.3%, while the monthly gauge remined at 0.3%.
10.10 Gold price under pressure for six consecutive days, pay atOn Wednesday (October 9), spot gold plunged nearly $15. After the latest minutes of the Federal Reserve meeting were released, the market's expectations that the Federal Reserve would keep interest rates unchanged in November suddenly heated up, which stimulated the strength of the US dollar and hit gold prices.
Due to the strengthening of the US dollar and the weakening expectations of the Federal Reserve's sharp interest rate cut in November, gold fell for the sixth consecutive trading day on Wednesday. Spot gold closed down $14.13, or 0.54%, at $2,607.71 per ounce on Wednesday. The price of gold fell to a low of $2,605.16 per ounce during the session.
Intraday data focus:
US September unadjusted CPI annual rate
US September seasonally adjusted CPI monthly rate
US initial jobless claims for the week ending October 5 (10,000)
Technical analysis:
1. There may be more pullbacks in the Asian session, and the European session will rise.
2. Only when the 2,624 watershed is broken will it fluctuate. If it is suppressed, it will still be a weak correction.
3. Pay attention to the pullback in the US market.
Therefore, if the Asian market reaches 2611-2, go long, stop loss 04, and the target is 2624-6. Strong resistance is 2630-32.
The US market cycle is short, and it depends on the strength of the European market's pullback, but the rhythm of the cycle has not changed.
World gold price continued to decreaseWorld gold fee endured to decrease, right all the way down to 2,609 USD/ounce, thirteen USD decrease than yesterday. This is the sixth consecutive decrease, bringing gold costs to the bottom withinside the beyond month. The predominant thing inflicting gold to move down is stated to be the upward thrust of the USD as traders now no longer count on a good deal that the United States Federal Reserve (Fed) will considerably lessen hobby quotes on the November meeting.
The Fed has simply launched the mins of its September 17-18 meeting, which stated that the tempo of destiny discounts will now no longer be decided through the preliminary reduction (the Fed simply decreased hobby quotes through 0.5% closing month). . Dallas Fed President Lorie Logan stated she needs smaller cuts ahead, given lingering inflation dangers and substantial uncertainties approximately the financial outlook.
💎 TVC:GOLD Buy limit 2604 - 2607💎
✔️TP1: 2617
✔️TP2: 2627
✔️TP3: OPEN
🚫SL: 2595
➖➖➖➖➖➖➖➖
💎 TVC:GOLD Sell limit 2637 - 2635💎
✔️TP1: 2627
✔️TP2: 2617
✔️TP3: OPEN
🚫SL: 2653
EURUSD longAs my anylisis is very top down this time on EURUSD and i am expecting The pair to fly to its global resistance as on Monthly Time frame i have seen observed a Trenline breakout and Restest over it on weekly Time frame i have observed flat resistance rising price pattern also on H4 i am expecting price reversal on H1 i have seen a falling wedge so am buy
Baised on The pair
10.10 Analysis of short-term gold operationsIn the early Asian session on Wednesday (October 9), spot gold fluctuated in a narrow range and is currently trading at $2,610.88 per ounce. Gold prices fell more than 1% during Tuesday's session, hitting a low of $2,604.68 per ounce, the lowest since September 20, and closed at $2,621.76 per ounce. Recent US employment data hit expectations of a larger rate cut, and as Hezbollah supported efforts to reach a ceasefire, market concerns about a possible all-out war in the Middle East cooled, also weakening gold's safe-haven buying.
Technical Analysis
Daily Chart
On the daily chart, gold prices are close to the trend line, and buyers are expected to intervene at this point, setting a risk range below the trend line, ready to push gold prices up and set new highs. Sellers hope to see gold prices break below the trend line to increase bearish bets and fall to new lows.
4-hour chart
On the 4-hour chart, gold prices fell below the recent low yesterday, then pulled back and continued to fall. Buyers want to see gold prices rise back above $2,625 to prepare to push prices higher and set new highs, while sellers may continue to target the trendline for now.
1-hour chart
On the 1-hour chart, the lower limit of today's daily range is near the trendline. If gold prices fall to the trendline today, the trendline should limit the decline. Tomorrow's US CPI report may determine whether gold prices continue to rise or fall further
The US CPI report and US unemployment claims data will be released. On Friday, the US Producer Price Index (PPI) and the University of Michigan Consumer Confidence Index report will be released.