Comments on XAUUSD for the new weekNice to meet you all again! Today, Gold shows clear signs of recovery as the price reaches a high of $1851 with little change from this morning.
On the 4-hour timeframe, Gold appears to be cooling down as it seems uncertain about the prospects of further price increase. But don't worry, the possibility of Gold surpassing this level is only a matter of time, as the USD has reached its peak and is likely to retreat, thus supporting this precious metal.
This week, there is news about the USD on Wednesday and Thursday, so it is possible that after Gold rises to the indicated level, there will be another pullback before the direction of Gold becomes clear.
Intradaytrade
Latest BTC analysis: The price continues to increaseToday, the BTC is continuing to consolidate significant price increases, with the current price trading at a high of 27,789 at the time of writing.
From a technical perspective on the 4-hour chart, using the excellent tool from Trading View called Bollinger Band, it shows that the current trend is tightening, indicating a relatively stable trading environment with minimal fluctuations.
However, there are signs that the price is approaching the lower limit of the Bollinger Band, suggesting that the next move for BTC could be a slight decline. This could serve as a stepping stone for a price increase, as the current upward trend is still functioning well.
USDJPY: Target 150.00Hello intelligent and wealthy traders, currently in our market today, USDJPY is still holding its price increases well, currently trading around 149.100 at the time of writing.
On the analysis chart, the upward channel has not been broken yet, along with the reversal from EMA 34 signaling an upcoming price increase. The level of 150.00 is the number that many people are targeting the most at the moment.
GBP/USD struggles near 1.2200Greetings everyone. Today, the GBP/USD pair is engaged in a battle around the 1.2200 mark, facing defensive pressure at the beginning of the week due to risk-averse sentiment. The US dollar has taken advantage of escalating geopolitical tensions in the Middle East and has placed a bullish bet on the Federal Reserve. Additionally, the pair is weighed down by higher oil prices.
Investors are closely monitoring important events scheduled for this week, such as the release of the meeting minutes from the Federal Open Market Committee (FOMC) and US consumer inflation data. These upcoming releases will offer valuable insights into the Fed's future policy decisions and have an impact on the trajectory of the USD, consequently affecting the GBP/USD pair.
USDJPY gains remain limitedToday, the USD/JPY pair is facing difficulties in capitalizing on Friday's positive momentum and opened with a modest price decline on the first day of the new week.
However, spot prices are attempting to recover a few pips from the level below 149.00 or the daily low, although there is a lack of follow-through after the escalating geopolitical tensions in the Middle East, which tends to benefit the safe-haven Japanese Yen.
What is gold showing?Hello smart traders!
Today, on the 1-hour time frame, gold has formed a price gap at a high of $1842 during today's trading session. Gold has coincidentally broken down below, leading to a decrease in the Dow. Overall, gold may retest a support level and continue its upward trend.
Gold has been oversold from a technical standpoint and seems to be stabilizing around the $1820/ounce level. The US dollar and silver bond yields appear to be pausing after a strong rally. This could potentially be the driving force to continue pushing gold higher.
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XAUUSD - It's time to reverseDear esteemed traders, I am Karina, thrilled to accompany you on the Trading View market. Let's exchange ideas and discuss today's topic together!
With the fantastic tools on Trading View, we are currently witnessing a narrowing of the Bollinger Band range, indicating potential significant market volatility in our XAUUSD market. After experiencing a decline in recent days, it seems that this week may bring a return to weakness in gold prices, as seen over the past two days. This presents an opportunity for us to establish a Buy position with support at 1805 and utilize Fibonacci measurements, which could reach up to 1865 USD.
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Update gold price on weekends, the price increases again.Dear esteemed traders, as predicted by Karina yesterday, the price of gold has indeed experienced an upward trend and has now paused its trading session at a closing price of $1,832. This marks the highest price increase in the past week.
Based on technical analysis, after the Bollinger Bands tightened, they are now showing signs of expansion, which is considered a positive indication for price growth as the metal approaches the upper limit of the Bollinger Bands.
According to Karina's perspective and forecast, the price may recover around $1,838, and it could potentially reach as high as $1,845. And you, what are your thoughts?
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Gold recovered strongly during the weekHello smart traders!
Currently, in the market, gold has started the trading session with a strong recovery, reaching up to $1851, in line with Karina's forecast yesterday.
Currently, on the chart, after the Bollinger Bands tightened, they have expanded, indicating the potential for significant market volatility in the near future. Additionally, breaking above the upper limit of gold suggests that the upward trend is being prioritized, with the possibility of a slight decrease followed by a recovery to the nearest resistance level set at $1875, as shown in the analysis chart.
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Gold - Strong explosionHello wealthy and intelligent friends!
Today, gold is showing clear signs of recovery, with prices fluctuating around $1,851 per ounce and not experiencing much change compared to the morning trading session.
After witnessing continuous price declines for several days, it seems that gold has regained its prospects for an increase in value. By using the Fibonacci tool, a perfect recovery level can be reached at $1,870 and even higher at $1,885 per ounce.
This week, we will have news about the USD on Wednesday and Thursday, so it is likely that after gold rises to the indicator level, this precious metal will undergo another test of decline before the direction of gold becomes clear.
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USDJPY promises the goal of 150,00Greetings, traders!
At present, USDJPY is going through a phase of reinforcement as it undergoes a test to determine its upward movement. In the previous month, this currency pair closed at 149.23 and displayed strong support at 149.16. Moving forward, the next level of support lies at a low point of 148.45.
The favorable maintenance of this USDJPY with its current price will bolster the strength of currency pairs. Conversely, if it fails to sustain this upward momentum, the pair may revisit the previously defined low levels. The upward trend remains intact due to positive market developments that continue to support USDJPY's progress. Our objective is still focused on reaching and surpassing higher levels beyond 150.00.
Gold updates and analysis todayGreetings everyone!
At present, gold appears to be exhibiting less volatility as it is primarily focused on moving in a sideways direction, with its current trading value standing at 1826 USD per ounce. While the global gold market this morning neared yesterday's price level, it has experienced a notable decline in comparison to its previous surge. According to the latest report, there has been a notable increase in buying pressure within the gold market. The recent data indicates that the US labor market is displaying signs of slowing down, with last month's creation of private sector jobs falling significantly short of expectations.
Traders are presently eagerly anticipating the release of the September jobs report from the US Department of Labor on Friday. It is anticipated that this will bring positive news for gold.
Potential to increase EURUSD?Greetings, traders!
Following a substantial reduction, the EURUSD pair concluded its session at a low of 1.045 and is presently being traded at 1.058.
Examining the technical analysis on the H4 timeframe for EURUSD reveals an upward trend, suggesting that there is potential for further price appreciation in the near future. As long as this currency pair continues to maintain its current upward movement, it is highly probable that it will experience strong buying pressure around the 1.065 and subsequently 1.073 price levels.
EURUSD drops 1.0500 amid geopolitical tensionsThe EUR/USD is consolidating its decline near 1.0550, after retreating from a one-week high at the start of the Asian session on Monday. This currency pair has weakened due to increased demand for the US dollar as a safe haven following the recent military clashes between Palestine and Israel over the weekend.
A gap seems to have formed on the 4-hour timeframe, with price gaps identified fluctuating around 1.0577 - 1.0759. It is likely that today, EUR/USD will retest support at 1.0500 before rebounding with the aim of filling in the previous price gap, with an expected level of resistance around 1.0650.
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BTCUSD analysis todayHello to all readers!
Today, we are witnessing the brilliance of the current BTC, which is reaching a level of 27960 USD with an expected increase of 28000 USD.
On the upward trend chart, a clear pattern has formed with strong support at 27815, which will continue to drive BTC up to a high level of 28602 USD. The upward trend will continue until there are any restraints on the rising momentum.
What are your thoughts on BTC today?
GBPUSD expands its increaseGreetings, valued traders!
At present, GBPUSD is capitalizing on its upward price trend following a decline from 1.206. It is evident that this currency pair is gradually tempering its downward momentum and extending its potential for price appreciation.
With the current exchange rate of 1,2235, this particular pairing has the potential to propel towards the resistance level of 1,2458 by surpassing the breakthrough point at 1,2307. Consequently, it can be inferred that this increase serves as a robust support level to further bolster this currency pair.
EUR/USD Price AnalysisGreetings, dear acquaintances!
During the early European session on Thursday, the EURUSD currency pair is experiencing a positive upward trend and is currently trading at 1.051. The concerns of investors have been sparked by the decline in government bond sales. The yield on German 10-year Treasury bonds has reached its highest level since 2011, standing at 3%, while US Treasury yields briefly reached a peak of 4.88% before subsequently decreasing.
According to data from the Eurozone, there has been a 0.6% increase in the Producer Price Index (PPI) for August, aligning with expectations. Additionally, annual interest rates have dipped into negative territory - transitioning from -7.6% to -11.5%. Unfortunately for market analysts' predictions of only a slight decline of 0.3%, retail sales in the Eurozone experienced a more significant decrease of 1.2% during August. Therefore, it shows that the path of least resistance for this pair is down.
Rising Wedge Reversal in BALRAMCHINBALRAMPUR CHINI MIL LTD
Key highlights: 💡⚡
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Careful analysis of gold today (October 4)Hi everybody!
The price of gold today has dropped to its lowest level in 7 months as the US dollar and bond yields rise, fueled by strong US economic data that creates expectations of tighter monetary policy.
Currently, Gold is trading at $1822, the lowest since March, with no immediate signs of a rebound as DXY continues to strengthen in recent times.
USD/JPY maintains gains around 149.20-25 areaHello everyone!
At present, the USDJPY is experiencing a positive trajectory, with the price remaining stable at an elevated level of 149.06.
In my perspective, the dominant trend continues to be upward. Nevertheless, there may be a minor adjustment as it approaches the resistance level of 149.74 and subsequently retraces back to its support level of 149.18. It is important to consider this support as a catalyst for further advancement in USDJPY's ascent.
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USDJPY continues to follow the rising waveCurrently, USDJPY is maintaining a strong upward momentum as it approaches the price level around 149.85, which is close to the psychological level of 150.00.
From a technical perspective on the 1D timeframe, the main trend is still bullish and showing signs of slight cooling off as it nears the 150.00 level. There may be a minor correction down to around 149.57 today before another potential price increase.
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GBPUSD is still vague with no price increaseThe GBP/USD pair is currently maintaining a range level, reaching its lowest point since March 16th. It is currently trading at 1.206 as the US Dollar (USD) remains strong, standing near a 10-month high due to the Federal Reserve's (Fed) hawkish stance. This strength in the USD has become the main factor affecting and hindering the GBP/USD pair.
At the same time, concerns about economic headwinds caused by rapidly increasing borrowing costs have led to a prolonged sell-off in US fixed income markets. As a result, investors are becoming less interested in riskier assets and are favoring safer options like the greenback.
Additionally, the surprise decision made by The Bank of England (BoE) to suspend certain activities in September has also had an impact on the British Pound (GBP), contributing to keeping a cap on its value against USD.
Overall, these factors have resulted in an ongoing struggle for stability and growth within this currency pair.