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Weekly gold analysis and opportunity📝 Weekly gold Gold is trying to go down to $1620 area because of U.S inflation and last CPI print Over the past few months, any increasing sign in US inflation has caused gold to fall because it forces the Federal Reserve to raise interest rates. The Federal Reserve will increase the interest rate with the increase in inflation, but on the other hand, the only issue that can stop the increase in interest rates is the employment data and the increase of the unemployed. Following the consumer price index and inflation data, the US dollar recovered from its weekly lows and put downward pressure on gold. Strong U.S. consumer inflation numbers reaffirmed expectations that the Federal Reserve will stick to its aggressive policy tightening path. Because we knew this information, we could predict the trend of the last week correctly. We said that any correction of the price of gold upwards can provide a new selling position. According to CME FedWatch, the U.S. dollar's strong growth comes from a 99% expectation of a 75bp interest rate hike in November, a 74 percent chance of a 50 basis point hike in December, and possibly a series of smaller hikes in February and March. As long as the current macro environment holds, more downside is likely for gold. Considering the market's reaction to last week's inflation data, we predict that market traders will prepare themselves for the aggressiveness of the next FOMC session. 🔻 The leading economic data this week is data on home sales and building permits 🔻 In addition to economic data, we should focus on the events of Russia and Ukraine Political,military tensions 🔻 By the technical point of view, the next target of sellers is $1620 and any retracement to the $1660-$1670 is another sell opportunity.
OANDA:XAUUSDShort
by Alisabbaghi
DXY USD - LONG - Flag + Supply&DemandThe USD now dominates the market with huge weighting and the analysis of the future movement is essential, for all other tradable currencies and asset classes. I provide the idea, with the consideration of rules of the "SUPPLY&DEMAND" theory, which focuses on the market influence of banks. CURRENT STATUS: - the DXY is in a flag, which is normally a "Bullishes pattern". - the existing macroeconomic circumstance suggests a trend continuation. From a daily perspective, we have broken out of an upward channel, which has not been tested at this point. - in order for the DXY to continue its rally, it would be healthy to test the channel for confirmation beforehand. IDEA VIEW: - we are in the 15 min chart, which means we are looking at the market from a magnifying glass point of view. - the bullish flag could break out as in the theory and would thus allow a LONG position. - the idea refers to an early position entry to take the whole movement with less risk (fake out) All RETAIL market participants assume a trend continuation, but also hope for a correction. A crossroads which provides a large amount of liquidity for the large speculators / banks. STOP LEVEL: - Should the SL level (stop loss) set by me be broken, we can expect a correction after confirmation. (Should it not be a fake-out). - Drawn in the chart to follow up. TAKE PROFIT: - there are large "SUPPLY" zones on the time levels T / W / M, which should bring about a reaction against. > 117-120 - moreover, we have relevant 1.618 FIBO targets > 114,864 > 115,437 - POIs are at > 117,019 > 117,936 Should you disagree, feel free to let me know - I am still in the learning process. Thank you and happy trading!
TVC:DXYLong
by ZielIstDieAutarkie
DXY USD - SHORT - Flag + Supply&DemandThe USD now dominates the market with huge weighting and the analysis of the future movement is essential, for all other tradable currencies and asset classes. I provide the idea, with the consideration of rules of the "SUPPLY&DEMAND" theory, which focuses on the market influence of banks. CURRENT STATUS: - the DXY is in a flag, which is normally a "Bullish pattern". - the existing macroeconomic circumstance suggests a trend continuation. From a daily perspective, we have broken out of an upward channel, which has not been tested at this point. - in order for the DXY to continue its rally, it would be healthy to test the channel for confirmation beforehand. If this does not happen, the trend will continue and allow a LONG position. - for this, please consider the "LONG scenario" of mine. IDEA VIEW: - we are in the 15 min chart, with which we look at the market from the view of a magnifying glass. - the bullish flag could break out in the opposite direction and would thus allow a SHORT position. - the idea refers to an early position entry to take the whole movement with less risk (fake out) All RETAIL market participants assume a trend continuation, which provides a large amount of liquidity for the large speculators / banks. - in my opinion, it would be quite lucrative to take this liquidity before a further trend continuation (= SHORT / correction) STOP LEVEL: - should the SL level (stop loss) set by me be broken, we can expect a trend continuation after a confirmation. (Should it not be a fake-out). - Drawn in the chart to follow. TAKE PROFIT: - there are large "DEMAND" zones at the 0.88 FIBO (111.50 - 111.00) on the time levels 1-4h, which should bring about a counter reaction. - drawn in the chart to follow. Should you disagree, feel free to let me know - I am still in the learning process. Thank you and a successful trading! Translated with www.DeepL.com (free version)
TVC:DXYShort
by ZielIstDieAutarkie
EURUSD EMBARKING ON A BULLISH ASSIGNMENT TO PREMIUM PRICE. Last week we saw price took out the sellside liquidity in the old lows below, before Friday last week we saw price distribute slightly lower, were now currently at deep discount on EU and were going to start seeing smart money push the price up. as I we know, smart money buy at discount and they sell at premium. we already have an institutional backing on the bullish move, we have an order block which is the sign of the banks or smart money placing their orders to get prepared for the bullish moves. I'm expecting price to take out the series of buyside liquidity above the old highs marked out above, seeing it return to a fair value at premium before we start expecting the reversal in the direction if the order flow. EU is going to be bullish for this week, going long will be more profitable than short positions. STEFANFX.......
Long
by stefan143
HAVE YOU TICKED THE BOXES!?!? PLAN/RISK/EXECUTEIts simple.. fail to plan, plan to fail, just a few things that a plan includes are entry and exit rules, any rules that you can add to control your behaviour behind the chart, set times to trade, your strategy and the list goes on depending on the trader... a risk management strategy also ties into your plan, for me risk is the game changer in becoming a consistent trader. In your risk strategy you should have what your comfortable losing each trade, where to place stops, lot sizes, your leverage amounts to stick to your total risk each trade.. a strategy in place will ease the mind and give you a lot more control when in positions. Of course you need reasons for entering the trade.. how many confluences do you have? time frames? does it fit my trading strategy? is this my decision not based solely off someone else opinion... there a many questions to ask yourself without getting to confused... the market as I've always said is a hard way to make easy money, most will fail but the ones that want to learn and put the time and work in can succeed. Anyway hope everyone smashes it this week!!
Long
by jamison_fx
BTC - BITCOIN LONG TERM VIEW!Without going into to much detail I've got 2 areas that I like the support from... major area of 12000 which was the high of 2019s bull run and the area we are currently struggling to break through at 20k which was the high in 2018. I like the idea of short term positions from 20k but I do believe we may make one last push down before bringing the bulls back in control. Many outside things affecting the price at the moment but been a crypto currency we have huge potential for long term plays. This is just my view so make sure you do your own analysis and research.
BITSTAMP:BTCUSDLong
by jamison_fx