Gold tends to increase slightlyGold prices have had a difficult week due to the negative impact of the rising US dollar (USD) and climbing US bond yields. Gold prices are expected to end the week at the lowest price in 6.5 months and continue to face many challenges as the US Federal Reserve (Fed) maintains a restrictive monetary policy.
The decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %.
Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no plans to lower interest rates anytime soon. Meanwhile, the expected increase in interest rates has lost the appeal of holding gold, which does not bring yield. Christopher Vecchio, head of Futures and Forex at Tastylive.com, said gold prices could fall as low as $1,800 an ounce, but also noted that as the economy weakens, gold prices could become Long-term buying opportunity.
OANDA:XAUUSD BUY 1844-1842
✔️TP : 1848
✔️TP : 1852
⚠️SL : 1840
IDEA
#IDEA TRADE IDEA SETUP MIDTERMGreetings Folks,
today i have prepared a setup of IDEA on NSE
the analysis as follows-
- the price is in a uptrend
- currently retracing in the structure denoted
- we will not change our bias until a good bearish structure is formed
- have marked 2 entries
dont play with fire, always use a predefined stoploss
BLUR/USDT - Ride the Wave to Success! 🚀
🌊 Trade Opportunity: Right now is your chance to dive into BLUR/USDT, whether in the spot or futures market. It's your call!
🎯 Targets Await:
🎯 Target 1: 0.1865
🎯 Target 2: 0.1973
🎯 Target 3: 0.2064
🎯 Target 4: 0.2330
💰 Profit Path: These targets are your roadmap to potential gains. Chart your course wisely! 📈🗺️
🚀 Enjoy Free Signal with Bitxer: Make the most of this opportunity. Bitxer's got your back! 💎📡
📉 COMP/USDT Signal Alert: Balancing Act! 📈Critical Levels to Watch:
🚀 Breakout Point: $50.14
🔥 Bullish Targets: $54.58 and $57.22
🐻 Bearish Zone: Below $46.47, with potential drops to $37.35 or $36.27
👁️🗨️ Analysis: COMP/USDT is at a pivotal juncture. Keep your eyes peeled for these key levels:
🟢 Bullish: If it breaks $50.14 and holds a 15-minute candle above this level, we're aiming for the skies!
🔴 Bearish: On the flip side, a drop below $46.47 could send us on a downward journey.
📢 Trade Strategy: Patience is key! Set your alarms at $50.14 and $46.47. Once triggered, make your move. Enjoy the ride!
Bitxer's insights are your guide to navigating the crypto seas. 🌊📊
EURUSD has a downward trendElsewhere, the euro stood at $1.05625 EURUSD
, down 0.04% so far in Asia after climbing off this week's multi-month low of $1.0488. Investors will be looking ahead to Friday's CPI data out of the euro zone for clues into the state of the bloc's economy.
OANDA:EURUSD SELL 1.0575- 1.0590 ✔️✔️
✔️TP1: 1.0545
✔️TP2: 1.0525
❌SL: 1.0620
Gold is growing againThis morning, world gold prices continued to decline with spot gold down 11.4 USD to 1,864.8 USD/ounce. Gold futures last traded at 1,882.3 USD/ounce, down 8.6 USD compared to yesterday morning.
Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since March. However, , an optimistic market analyst said that any short-term weakness should not change the long-term bullish outlook for the precious metal.
Ole Hansen, commodity strategist at Saxo Bank, said that, with the 10-year bond yield currently trading near a new 16-year high at 4.6% and the US Dollar Index holding at the highest level in nearly a year (above 106 points), gold's sell-off should have happened sooner. He added that, even after Wednesday's sell-off, gold prices remained relatively strong.
OANDA:XAUUSD BUY 1861 - 1863 ✔️✔️
✔️TP1: 1866
✔️TP2: 1870
❌SL: 1855
The return of goldThis morning, world gold prices continued to decline with spot gold down 11.4 USD to 1,864.8 USD/ounce. Gold futures last traded at 1,882.3 USD/ounce, down 8.6 USD compared to yesterday morning.
Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since March. However, , an optimistic market analyst said that any short-term weakness should not change the long-term bullish outlook for the precious metal.
Ole Hansen, commodity strategist at Saxo Bank, said that, with the 10-year bond yield currently trading near a new 16-year high at 4.6% and the US Dollar Index holding at the highest level in nearly a year (above 106 points), gold's sell-off should have happened sooner. He added that, even after Wednesday's sell-off, gold prices remained relatively strong.
TVC:GOLD BUY 1861- 1863💎
✔️TP : 1866
✔️TP : 1870
⚠️SL : 1855
📊 IDEX USDT Analysis: Awaiting the Right Entry! 🕒📊 IDEX USDT Analysis: Awaiting the Right Entry! 🕒
IDEX USDT appears to be revisiting the crucial levels of $0.04916 and $0.04993. 📈
Keep a close eye on the 15-minute candle:
📈 If it closes above $0.04993, we might see bullish momentum.
📉 If it touches $0.04993 and heads south, the bearish trend may continue.
Patience is key here as we await the opportune entry point. Get ready to pounce when the time is right with this complimentary signal from Bitxer! 🐾💹
EURUSD has an uptrendThe U.S. dollar extends gains, hitting another ten-month high against a basket of currencies, helped as investor worries over a potential government shutdown lift safe-haven assets, says Ipek Ozkardeskaya, senior analyst at Swissquote Bank, in a note. "Investors continue to dump stocks and buy U.S. dollars on looming uncertainty regarding whether the U.S. government will be shut in three days," she says. There is progress regarding a six-week short-term funding deal, but getting an approval from the Senate will be a challenge, she says. The DXY dollar index trades at 106.224, having earlier hit a high of 106.3210. EUR/USD falls to a six-month low of 1.0554, according to FactSet
Germany's 2.60% August 2033 Bund--the current 10-year German benchmark and the bond that will be reopened at auction on Wednesday--, offers limited relative value, according to rates strategists at Citi Research. They find the bond rich, or expensive, in the August 2032-August 2033-July 2034 yield "fly", a trading strategy where investors bet on the shape of the yield curve. The German Finance Agency will auction EUR4 billion in the August 2033 Bund with auction results at 0930 GMT. The August 2033 Bund is trading at a yield of 2.807%, up 0.5 basis points, according to Tradeweb
Gold breakout and downtrend continuesGold fell sharply in the context of US Treasury bond yields reaching a 16-year high and profit-taking activities leading to a sell-off of precious metals.
Gold is also under pressure from the USD hanging high near a 6.5-month peak. The DXY index (which measures the movement of the USD against 6 major currencies) is near 106 points
Gold also decreased because a commodity closely related to gold, oil, dropped sharply. Petroleum demand is forecast to be suppressed as major central banks keep interest rates high for a long time.
North Sea Brent oil price dropped to 92.8 USD/barrel, while US light sweet crude oil price (WTI) dropped to 89.3 USD/barrel
XAUUSD breakout and downtrendWorld gold spot price stands around 1,902.2 USD/ounce, down 4.8 USD/ounce compared to yesterday. Gold futures price for December delivery on Comex New York floor is at 1,919.6 USD/ounce
The world gold price on the night of September 26 is about 4.6% higher (83 USD/ounce) compared to the beginning of 2023. World gold price converted to USD bank price is 56.9 million VND/tael, including taxes and fees, about 11.9 million VND/tael lower than the domestic gold price as of late afternoon on September 26
Gold fell sharply in the context of US Treasury bond yields reaching a 16-year high and profit-taking activities leading to a sell-off of precious metals.
Gold is also under pressure from the USD hanging high near a 6.5-month peak. The DXY index (which measures the movement of the USD against 6 major currencies) is near 106 points
currency trading strategy - EURUSD has an uptrendTheU.S. dollar index DXY last stood at 106.20, having peaked at a 10-month high of 106.26 in the previous session, while the euro
EURUSD
languished near Tuesday's six-month low and last bought $1.0569.
"The U.S. dollar is stickier to the upside than the downside," said Tina Teng, market analyst at CMC Markets.
"It's (been) a shock for markets since last week because the Federal Reserve's rhetoric was more hawkish than expected ... I think it's more likely they will hike rates for one more time."
Gold trading strategy - the growth of goldGold spot price on the international market plummeted from 1,915 USD to 1,900 USD/ounce at 6:00 a.m. on September 27. This is the lowest price on the gold market in September 2023.
The USD soared in value as investors were frightened by the commitment of major central banks to maintain high interest rates and control inflation.
In particular, policymakers of the US Federal Reserve (FED) increasingly strongly support raising interest rates by the end of 2023 to bring inflation in the US back to the target of 2%. Futures are expected to stay high, causing international stock markets to sell off. On Wall Street (USA), the Dowjones dropped sharply by 388 points, the S&P 500 dropped 63 points, and the Nasdaq dropped 207 points.
Gold trading strategy - gold increased sharplyThis morning, world gold prices continued to decline with spot gold down 14.9 USD to 1,900.9 USD/ounce. Gold futures last traded at $1,919.80 per ounce, down $16.80 from yesterday morning. In a recent interview with Kitco, Yang said that, although gold has performed lacklusterly in the past past, but she did not see any significant changes in gold compared to the beginning of the year.
Although a resilient economy and persistently high inflation are forcing the Federal Reserve to maintain monetary policy “higher for longer,” Yang said that uncertainty remains elevated. and will leave safe haven assets like gold well supported.
“Despite what the Fed has said, it's unclear to me whether we're going to have a soft landing,” she said. Investors are in 'wait and see' mode and that's why we haven't seen any major momentum in gold yet."
🚀 *Bitxer Signal Alert ID# 284-5*🚀 *Bitxer Signal Alert ID# 284-5
📈 *Trade Direction:* Long ⬆️
📈 *Entry Point:* NOW
📈 NEOUSDT Alert: Bullish Vibes! 🚀
NEOUSDT is once again dancing around the $7.14 support level, a zone known for catapulting prices higher. 🌱
Historical data reveals a recurring pattern:
🎯 First Target: $8.12
🎯 Second Target: $8.30
🎯 Third Target: $8.50
This trend has proven reliable time and time again. Whether you prefer futures or spot trading, Bitxer offers insights drawn from a wealth of experience. 📊
Don't miss out on this complimentary signal! Join us in capitalizing on the potential gains. 🙌🚀
STORJ/USDT on Binance Futures🚀 *Bitxer Signal Alert ID# 01*
*STORJ/USDT on Binance Futures (20x Cross)*
📈 *Trade Direction:* Long ⬆️
📈 *Entry Point:* NOW
🎯 *Targets:*
🎯 Target 1: 0.3724 🚀
🎯 Target 2: 0.3803 🚀
🛡️ *Stop Loss:* 0.3427
💰 *Risk Management:* Wallet Size - 3-4% (Protect those funds!)
🚀🚀 Ready to blast off with Bitxer signals! We've got our sights on those targets! 🌠🛸
EURUSD | I BELIEVE ITS STILL VERY BEARISHHey Traders!
Overall market trend is bearish, weekly cross of important moving average + the great rising wedge that is now broken and likely will follow the bearish trend until tp. 4 hour push exhaustion scenario seems to be completed, 1 hour timeframe also has great bearish chart patterns showing bearish continuation. Looks good. 👋😊