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EURUSD July 4 analysisEUR/USD surged and rose above 1.0810 to touch its highest since June 12 on Wednesday. The pair remained in consolidation near 1.0800 early Thursday. Disappointing macroeconomic data from the United States triggered a sell-off in the US Dollar (USD) during US trading hours on Wednesday and gave the EUR/USD pair a boost. EUR/USD rose above 1.0800 on Wednesday, where the 100-day and 50-day Simple Moving Averages (SMA) converged, but failed to make a daily close above this level. Once 1.0800 is confirmed as support, technical buyers may remain interested. In this scenario, 1.0840 (23.6% Fibonacci retracement level of the latest uptrend) can be considered as temporary resistance before 1.0900 (psychological level, static level). In case 1.0800 remains resistance, 1.0760 (50% Fibonacci retracement) and 1.0730-1.0740 (61.8% Fibonacci retracement, 20-day SMA) can be considered Support level. Trading signals SELL EURUSD zone 1.08450-1.08650 ↠  Stoploss 1.08800 → Take Profit 1 1.08000 → Take Profit 2 1.07400 BUY EURUSD zone 1.07600-1.07400 ↠  Stoploss 1.07300 → Take Profit 1 1.08000 → Take Profit 2 1.08600
by TVS-Trader
4
Gold weakened at the beginning of the weekGold prices started the new week at a mild level and fluctuated within a range below multi-day peaks. Important US inflation data reaffirms market expectations that the Federal Reserve (Fed) may cut interest rates in September and again in December. This, in turn, will pull the Dollar The US dollar (USD) is off the peak reached last week and this is the main factor acting as support for the commodity. Persistent geopolitical tensions and uncertainty about the final outcome of France's shock election have provided some support for safe-haven Gold prices. Meanwhile, the Fed is expected to cut interest rates only once in 2024, while officials still argue in favor of keeping rates higher for longer. This lifted US Treasury yields to multi-week highs and capped the yellow metal's yield. Gold is still trading between the EMA 34 and EMA 89 of the h4 frame, showing that gold is hesitant around the 2320-2330 border. A sustained strength beyond this narrow price band has the potential to push Gold prices back to the 2344-2345 resistance area, which if overcome, would allow buyers to reclaim the $2,355 break out mark. Momentum could extend further to reclaim the 2400 key mark once last month's peak resistance of 2385 was broken. On the downside, any slippage from the tight range is likely to find some support near 2310. A convincing break below that threshold would be seen as a fresh trigger for bearish traders and pull prices. Gold down to 2295. The round support area of ​​2300 has almost no meaning anymore to support gold price. Support: 2310-2295 Resistance: 2344-2355 Trading signals SELL GOLD 2355-2357 SL 2360 BUY GOLD 2295-2293 SL 2290
OANDA:XAUUSD
by TVS-Trader
Gold prices fluctuate around a two-week peak☘️Fundamental analysis Firm expectations that the Federal Reserve (Fed) will cut interest rates in September, supported by recent weaker US macroeconomic data, dragged the US Dollar (USD) to lows strongest in more than three weeks and is said to be beneficial for the non-yielding yellow metal. Additionally, persistent geopolitical tensions, coupled with political instability in the United States and Europe, turned out to be another factor driving flows into safe-haven commodities. Traders may also refrain from placing aggressive bets and prefer to wait for the release of monthly US employment details. The widely known Nonfarm Payrolls (NFP) report will influence market expectations about the Fed's future policy decisions. ☘️Technical analysis After a strong breakout from the 2340 resistance zone, gold is being supported by buyers. Gold is approaching the next resistance zone around 2365. Some follow-through buy orders above the $2,365 area will reaffirm the prospect of regaining the $2,400 mark. On the other hand, weakness back to the 2340 zone support, could be seen as a buying opportunity. Next is the support level near the $2,319-2,318 area, which if broken decisively could cause the Gold price to weaken further below the $2,310 mark. Support: 2349-2339-2319 Resistance: 2365-2370-2385 SELL 2365-2367 stoploss 2370 SELL 2385-2387 stoploss 2390 BUY 2339-2337 stoploss 2334 BUY 2319-2317 Stoploss 2314
OANDA:XAUUSD
by TVS-Trader
Gold Eyes $2,320 as Bearish Pressure IntensifiesGiven the bearish setup in the gold chart, the likely target for bears can be identified by examining previous support levels and key Fibonacci retracement levels. Here are the key targets and levels to watch: First Support Level: $2,320 - This level has provided support in the past and is the nearest potential target for bears. A break below this level could confirm further bearish momentum. Second Support Level: $2,280 - This is another significant support level that has acted as a floor in previous price actions. Bears would likely target this level if the first support is broken. Key Fibonacci Retracement Level: $2,260 - This level is around the 50% Fibonacci retracement of the recent rally from the last significant low. It serves as a psychological and technical target for further bearish moves. Major Support Level: $2,200 - This is a strong support level and a critical psychological threshold. If gold prices fall to this level, it would represent a significant bearish move, potentially prompting strong buying interest or further declines depending on market sentiment. In summary, the likely targets for bears in the near term would be $2,320, $2,280, and $2,260, with a major bearish target around $2,200 if the downward pressure continues. Traders should monitor these levels closely for potential buying opportunities or further declines.
TVC:GOLDShort
by blacklegend55
XAU/USD 05 June 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterdays analysis dated 04 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price has continued bullish indicating that bullish pullback phase is incomplete. Internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price to react at 50% EQ of the swing structure, which is indicated in black or H4 supply levels before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed as per yesterday's intraday expectation and printed a further bullish iBOS where price targeted the weak internal high. Bearish CHoCH has been printed which indicates bearish pullback initiation. Intraday expectation: Internal structure is bullish, therefore, price to react at either discount zone of 50% EQ or M15 demand zone before targeting weak internal high. Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase and we are showing reaction from H4 supply zone. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD: 1/7 Analysis and StrategyGold technical analysis Daily resistance 2340-70, support below 2277 Four-hour resistance 2340, support below 2315-2277 Gold operation suggestions: From the analysis of the 4-hour line, today's support below is around 2315, and the upper short-term pressure is around 2335-40. First, sell high and buy low in this range. In the short term, the gold price is likely to continue to fluctuate widely. SELL:2340near SL:2343 BUY:2315near SL:2312 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
3
GOLD - rising after weak economic data🟢The global gold marketplace did now no longer differ tons in the course of the National Day holiday. Gold retained its preceding profits as expectancies that the United States Federal Reserve (Fed) could reduce hobby costs as early as September multiplied following vulnerable monetary statistics. 🟢In addition, currently launched statistics reinforces the opportunity of loosening economic coverage this 12 months and that may be a high-quality sign for gold. Data launched withinside the center of this week confirmed that the wide variety of packages for unemployment advantages multiplied, the wide variety of jobs withinside the personal quarter multiplied through most effective 150,000, tons decrease than forecast. 🟢Currently, the marketplace is watching for non-farm payroll statistics. This file can have a massive effect on gold expenses withinside the future. If gold falls after the file, traders have to see it as a shopping for possibility because the treasured metallic is on an uptrend and will reach $2,four hundred an oz. or greater pushed through sturdy demand. from principal banks and shelter-in-location shopping for because of issues approximately geopolitical tensions.
TVC:GOLDLong
by Chart_MasterPro
GBPUSD July 4 analysisGBP/USD hovers around 1.2750 on UK election day GBP/USD is trading sideways near 1.2750 during the European session on Thursday. A generally weaker US dollar helped the pair maintain its upward momentum but traders did not place further bets on the British Pound as British voters went to the polls. The Relative Strength Index (RSI) on the 4-hour chart has risen above 60, reflecting accumulating bullish momentum. Additionally, the last 4-hour candle closed above the 100-period Simple Moving Average. On the positive side, the 20-day Simple Moving Average (SMA) and 200-period Simple Moving Average (SMA) on the 4-hour chart form strong resistance near 1.2700. In case GBP/USD rises above this level and begins to use it as support, technical buyers may remain interested. In this scenario, 1.2750 (static level) and 1.2800 (static level, psychological level) can be considered as the next resistance. If GBP/USD fails to break above 1.2700, it could trigger a technical correction. The 100-day SMA links to key support at 1.2640 ahead of 1.2600 (psychological level, static level). Trading signals BUY GBPUSD zone 1.27000-1.26800 ↠  Stoploss 1.06700 → Take Profit 1 1.27500 → Take Profit 2 1.28000 SELL GBPUSD zone 1.28000-1.28200 ↠  Stoploss 1.28300 → Take Profit 1 1.27700 → Take Profit 2 1.27000
by TVS-Trader
1
Gold trades with caution above $2,350, as focus shifts to US NFP☘️Fundamental analysis Gold prices reversed initial gains to trade cautiously above $2,350 on Thursday. The continued weakness of the US dollar coupled with sluggish US Treasury yields kept gold prices restrained amid market weakness due to the US Fourth of July holiday. Gold prices traded with a slight positive trend during early European trading hours on Thursday. Gold's trading range today is relatively narrow because today is a bank holiday. Traders also seem reluctant and prefer to wait for the release of monthly employment details from the US Nonfarm Payrolls (NFP) report on Friday before positioning for the next move. a move in direction. Meanwhile, the downside for gold prices appears to have eased following solid expectations that the Federal Reserve (Fed) will begin an interest rate cutting cycle later this year. Weaker US macroeconomic data released on Wednesday pointed to signs of weakness in the labor market and a weakening economy. Furthermore, the most recent FOMC meeting minutes showed that the majority of policymakers said US economic growth was gradually cooling. This led to an overnight drop in US Treasury yields and dragged the US dollar (USD) to a three-week low, which could further support gold. ☘️Technical analysis From a technical perspective, the strong breakout above the 2333 and 2344 resistance zones has pushed gold back to its 3-week high around 2365. Daily chart oscillators have begun to gain positive traction. , favoring bullish traders. 2365 Resistance Broken Some follow-through buying and sustained strength above the $2,385 area would reaffirm the prospect of a return to 2400 circular resistance. On the other hand, gold's ability to turn around is lower. The first key support zone is the break out zone of 2344. The next relevant support level is anchored near the 2333 zone, which if broken, could leave Gold prices vulnerable to further weakness below the most important mark of 2319. gold Closing candles below the 2319 area is not allowed if you want to continue your uptrend. Support: 2350 - 2344 - 2333 - 2320 Resistance: 2368 - 2385 - 2400 SELL price range 2385 - 2387 stoploss 2395 BUY price range 2345 - 2343 stoploss 2340 BUY price range 2335- 2333 stoploss 2330
OANDA:XAUUSD
by TVS-Trader
XAU continues to increase - break $2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) marginally increased during Thursday's Asian session, but didn't surpass the near two-week high reached previously. The strong global equity market is hindering the safe-haven metal during the US Independence Day holiday. Traders are awaiting Friday's US Nonfarm Payrolls (NFP) report before making further investment decisions. ⭐️ Personal comments NOVA: Gold price after breaking 2350 from the sideway zone 2310 - 2350, the Uptrend prevails, the Bulls prevail. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2349 - $2347 SL $2342 TP1: $2355 TP2: $2368 TP3: $2380 🔥BUY GOLD zone: $2337 - $2335 SL $2330 TP1: $2345 TP2: $2352 TP3: $2360 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
2
India's Love Affair with Gold Loses Its Luster as Prices SurgeIndia, a nation long synonymous with its insatiable appetite for gold, is witnessing a shift as record-high prices force consumers to reconsider their love for the precious metal. Shops like Shaik Ameen's Gold Palace in Bengaluru are experiencing a slowdown in pre-wedding purchases, a time typically marked by a surge in gold buying. Traditionally, gold has held immense cultural and social significance in India. It's seen as a symbol of prosperity, plays a vital role in weddings and festivals, and serves as a form of secure investment, particularly for rural populations. This deep-rooted affinity has earned India the title of the world's largest gold consumer. However, recent price hikes are dampening this enthusiasm. The global price of gold has been on an upward trajectory, driven by factors like geopolitical tensions and inflation concerns. This surge has translated into near-record highs in the Indian market, putting a strain on household budgets. The impact is evident in stores like Ameen's. Shopkeepers report a decline in customer footfall and a shift in purchasing patterns. Customers are opting for smaller quantities or delaying purchases altogether. This trend extends beyond just everyday consumers. Even brides, who traditionally adorn themselves in elaborate gold jewelry for their wedding ceremonies, are exploring alternatives. Some are turning to artificial jewellery, which offers a more affordable way to achieve a similar look. Despite the slowdown, it's important to note that the impact isn't uniform across all segments of society. Wealthier individuals seem less deterred by the high prices. Their strong financial standing allows them to continue indulging in larger gold purchases. This disparity highlights the socioeconomic factors at play. For many middle-class and low-income families, gold purchases are often meticulously planned and saved for. Rising prices can significantly disrupt these plans, forcing them to cut back or postpone purchases entirely. The implications of this shift in consumer behavior are far-reaching. It could lead to a decline in gold imports, which have a significant impact on India's trade balance. It could also influence the fortunes of domestic jewellers, who may have to adapt their offerings to cater to a more price-sensitive market. Looking ahead, the future of India's gold demand remains uncertain. Much will depend on the trajectory of global gold prices. If prices stabilize or decline, consumer sentiment could rebound. However, if the current upward trend continues, the love affair between India and gold may face a long-term strain. Here are some additional points to consider: • The rise of alternative investment options like digital gold could also be a contributing factor to the changing dynamics of the Indian gold market. • The Indian government's policies on gold imports and duties can also influence domestic prices and consumer behavior. • The cultural significance of gold in India may still ensure a continued demand, albeit at a potentially lower level. Overall, India's relationship with gold is undergoing a period of transition. While the love affair may not be entirely over, the current economic climate is forcing a reevaluation of this deeply ingrained tradition.
OANDA:XAUUSD
by bryandowningqln
xauusd July 3 trading strategy #xauusd Today is July 3rd. Every day I bring you accurate and perfect profit signals, I think today will not be a surprise Today gold broke 2343. So there should be a new trend today. Today's activity range of gold is between 2327-2371. Let's continue to talk about trading in two areas. 1/2327-2371 range buy2329-2331/2333-23237 tp2350 (this price will be very safe, at the junction of the H dividing line) sell2360-2365 sl2371 (breaking this price will no longer sell) 2/Outside the range of 2327-2371. If the hourly line breaks through 2327, then gold will continue to fall. sell23272-2325 tp2318 or more Hourly line breaks through 2371. Then gold will continue to rise buy2369-2371 tp2375 or more I update my analysis almost every day. If you like me, please give me a thumbs up. And join me. Thank you everyone.
FX:XAUUSD
by MaudEvans
Continue sideways ! Gold price stuck below $2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues with its struggle to make it through the 50-day Simple Moving Average (SMA) pivotal resistance and trades with a mild negative bias during the Asian session on Wednesday. The commodity, however, remains confined in a familiar range held over the past week or so as traders prefer to wait for more cues about the Federal Reserve's (Fed) policy path before placing fresh directional bets. Hence, the focus remains on the release of the FOMC meeting minutes later today. This, along with the Nonfarm Payrolls (NFP) report on Friday, might influence expectations about the Fed's future policy decisions, which will drive the US Dollar (USD) and provide a fresh impetus to the non-yielding yellow metal. ⭐️ Personal comments NOVA: Gold price is still stuck in the fluctuating range of $2310 - $2350, waiting sideways for NF news this week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2304 - $2302 SL $2297 TP1: $2310 TP2: $2320 TP3: $2330 🔥SELL GOLD zone: $2348 - $2350 SL $2355 TP1: $2340 TP2: $2330 TP3: $2320 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
5
XAUUSD - 1H Bullish momentumThe XAUUSD (Gold) chart analysis shows that Gold couldn’t consolidate below the $2300 mark after multiple attempts. Now, it’s consolidating above the $2320 zone, indicating strong support. Given this consolidation over the support zone, there’s potential for Gold to rise and break through the resistance zones. If the bullish momentum continues, we could see Gold targeting higher resistance levels, suggesting a favorable environment for buyers in the short term. Keep an eye on the resistance zones for potential breakouts.
OANDA:XAUUSDLong
by Sober_Trading
1
GOLD ( UNDER EFFECT NEWS ) ( 4H ) XAUUSD HELLO TRADERS Tendency the price breakout resistance trendline , indicates the price is under bullish at 2,337 $ RESISTANCE LEVEL: there is a blue line around 2,365$ , indicates selling have already increase this level . SUPPORT LEVEL : there is a red line around 2,337$ , indicates buying have already increase this level . PRICE MOVEMNET : the price between support level and resistance level , in my opinion after the price breakout the resistance trendline price stabilizing bullish , so the price retest a support level at 2,337$ , after rising to resistance level at 2,365$ , then stabilizing this level reach 2,386$ . if the price breaking support level by open 4h candle below 2,337 $ easily to reach 2,320 $ . TARGET LEVEL : RESISTANCE LEVEL : 2,365$ , 2,386 $ SUPPORT LEVEL : 2,337$ , 2,320 $
OANDA:XAUUSDLong
by ArinaKarayi
GBPUSD analysis week 29GBP/USD ended the session in a relatively tight range below 1.2650 after the US Bureau of Economic Analysis released data on the Personal Consumption Expenditures (PCE) price index, the preferred measure of inflation of the Federal Reserve (Fed). Despite the UK's positive GDP report, it still cannot lift the strength of the GBP too much, After recovering from the week's low hit last Wednesday, the GBP/USD pair limited losses and remained below the psychological level of 1,270, a key threshold for buyers to regain control. Sellers are also under less pressure as they face strong support at the 1.256 area because there is a gap in liquidity at a fairly wide price range. Previously, at the support area of ​​1,260, the profit-taking area of ​​investors last month was also an area to pay attention to for scalping signals. The relative strength index (RSI) shows that sellers remain in control, meaning more losses are expected. Support: 1,260 -1,256 Resistance: 1,269 - 1,273 Trading signals: SELL GBPUSD zone 1.273-1.275 SL 1.277 BUY GBPUSD zone 1.256-1.254 SL 1.252
by TVS-Trader
This time it is a decline. The gold price will test around 2300 MCX:GOLD1! COMEX:GC1! OANDA:XAUUSD NYMEX:WTI1! BINANCE:BTCUSDT BYBIT:BTCUSDT.P TVC:DXY NYMEX:MCL1! I believe many people still don't know how to trade gold. In fact, in terms of operation. The short-term pressure position of gold, 2332-2338, has always been a heavy pressure position. It is not difficult to see from the chart that the pressure is very high. Observe the overall trend. At present, gold is still showing a downward trend, and every sharp rise is based on major news. So what if there is no news support? We need to judge based on the trend and then make the right transaction. I think the gold price will continue to fall today. The current position is around 2330. It is a good selling point. I think the space below will test the low again. If you like to trade gold but don’t analyze the market or trade independently. You can refer to my instructions. This is just a signal. If you want to expand profits or recover losses in a long-term and stable manner. Join the guidance class. You will have different gains. Stay tuned.
TVC:GOLDShort
by NelsonPenn
XAUUSD ( UPWARD ) ( 4H )XAUUSD HELLO TRADESRS Tendency the price will trying to touch turning level before long , indicates a price is under bullish pressure . TURNING LEVEL : a gold rectangular between resistance and support level , a round 2,317$ , which indicates two cases , the first cases until the price breaking this level reach a support level , the second case the price trade above this level reach resistance level . RESISTANCE LEVEL : a green rectangular , an area above the turning level around 2,345 $ , indicates selling have already increase at this level . SUPPORT LEVEL : a red rectangular , an area below turning level around 2,300 $ , indicates buying have already increase at this level . PRICE MOVEMENT : the price is under bullish pressure until trade above turning level at 2,317 $ , it will attempt to reach resistance level at 2,330 $ , then trade above this level reach next target at 2,345 $ , if the breaking turning level reach to support level 2,300 $, then stable below this level reach next target 2,278 $ . TARGET LEVEL : RESISTANCE LEVEL : 2,330 $ , 2,345 $ SUPPORT LEVEL : 2,300 $ , 2,278 $
OANDA:XAUUSDLong
by ArinaKarayi
EURUSD Buyas in my previous analysis lastly i have told that EURUSD will go buy if the pair break counter trend line and we have seen that the pair have broken the trend line and we have enjoyed the upper rally yesterday and today as the market had opened Gap Up we were waiting for the pair to reach to our POI and the pair has reached there the Gap is filled market is going upwards price action also gives the confirmation and on support its double bottom too so we are long here
Long
by Wakeel_Saab
Transaction entry passed My market review. USD: - The USD will be greatly influenced by JOLTs data on job vacancies and statements by Mr. Jerome Powell, Chairman of the US Federal Reserve (FED). - If JOLTs data shows a strong labor market and Mr. Powell appears optimistic about the economy, the USD could appreciate on expectations of higher interest rates. - In addition, if JOLTs data is weaker than expected and Mr. Powell is concerned about the economy, the USD may decline due to expectations of loose monetary policy. . World gold price: - Gold prices often fluctuate due in part to the impact of the USD and are considered a safe asset amid economic concerns. - If the statements of Mr. Powell and Ms. Lagarde show concerns about the economic situation, gold prices may increase as investors look for safe assets. - However, if the market is optimistic about the economy and expects higher interest rates, gold prices may come under downward pressure.
TVC:GOLDShort
by Chart_MasterPro