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J-DXY

"Gold Approaching Peaks: What Lies Ahead in the Market?"Gold (XAUUSD) is under pressure amid the strengthening U.S. dollar at the start of the week. After briefly testing last week's highs, the precious metal appears to be forming a false breakout. While the overall trend remains bullish, anticipation of significant news may lead to a brief moment of volatility and market anxiety. The rising yields on 10-year U.S. Treasury bonds, driven by declining interest rates, have provided further momentum to the dollar. This development adds an element of unpredictability to the market, as the movements deviate from what many analysts had been expecting. The upcoming direction for gold will largely hinge on key Eurozone and U.S. PMI (Purchasing Managers' Index) data. If these reports reignite recession fears, the strengthening U.S. dollar could shift the current market dynamics and trigger a new wave of correction in gold prices from their recent highs. Additionally, escalating geopolitical tensions in the Middle East remain a critical factor that could influence market sentiment. On the technical side, gold faces immediate resistance at the 2625, 2631, and 2650 levels, while support can be found at 2614, 2602, and 2589. There is a possibility of a correction from the 2625 level, as market conditions suggest a buildup of uncertainty ahead of upcoming economic announcements. Profit-taking could exacerbate this correction as traders look to secure gains ahead of potential market shifts. However, if gold continues its upward momentum and successfully breaks through the 2631 resistance, this could pave the way for a move towards the 2640-2650 range, opening the door for further gains. Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
OANDA:XAUUSDShort
by lonelyPlayer0
EUR/USD Post-FOMC Price Review and AnalysisEUR/USD Post-FOMC Price Outlook Following the recent FOMC meeting, the EUR/USD pair continues to struggle in its attempt to break above the critical 1.1200 resistance level. This area has once again demonstrated its strength, acting as a significant barrier to further upward movement. The price remains in close proximity to this resistance zone, suggesting that a breakout in the immediate term appears unlikely. Current market dynamics hint at the possibility of a broader corrective phase for EUR/USD. Technical indicators on the chart point toward a potential downward move before any renewed bullish momentum. The first key support to monitor is near the 1.1120 level, with a secondary support zone around 1.1070, which could serve as a critical area for buyers to step in if the correction deepens. The coming week will be crucial to determine whether the pair will enter a more extended correction or find enough strength to retest the 1.1200 resistance. It’s a wait-and-see scenario as traders gauge the market’s next move. Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
Short
by lonelyPlayer0
GOLD → Testing the highs. News ahead. What's next?FX:XAUUSD is getting shaken on the background of dollar growth on Monday. A false breakdown is forming relative to last week's high. The trend is bullish, but before the strong news there may be a minute of panic.... Yields on 10-year U.S. Treasury bonds are rising on the back of falling interest rates, boosting the U.S. dollar. This is an unpredictable scenario, because something is not going the way everyone was expecting. Further movement depends on the Euro and US PMI data. If the PMI will again cause fears of recession in the world, the recovery of the US dollar, will change the local structure of the markets, which will cause a new correction in the price of gold from record highs. Also the focus on the escalation of geopolitical tensions in the Middle East... Resistance levels: 2625, 2631, 2650 Support levels: 2614, 2602, 2589 Technically, a correction may follow from 2625 as locally there are preconditions for panic on the background of approaching news. Traders may resort to profit taking, which will contribute to the correction. BUT, if gold continues its active recovery, a break of 2631 will open the potential for a rise to 2640-2650. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
Levels discussed on Livestream 23rd September DXY: Currently at 101, could retest bearish trendline and reject to trade down to 100.60. If trendline broken, needs to break above 101.40 for further upside to 101.80 NZDUSD: Sell 0.6195 SL 20 TP 40 AUDUSD: Sell 0.6775 SL 20 TP 65 GBPUSD: Sell 1.3245 SL 30 TP 70 EURUSD: Buy 1.1090 SL 25 TP 90 USDJPY: Sell 143 SL 35 TP 95 USDCHF: Sell 0.8540 SL 30 TP 105 USDCAD: Do Nothing Gold: Currently retracing, look for possible reaction at 2600, esp for a rebound.
TVC:DXY
by JinDao_Tai
DXY Will Go Up From Support! Long! Take a look at our analysis for DXY. Time Frame: 15h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 101.074. Taking into consideration the structure & trend analysis, I believe that the market will reach 102.576 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
DXY continuation move expected**Monthly Chart** Last month's DXY candle closed as bearish after a strong push down breaking the previous monthly range. This month's candle (which is still active) went lower and took out the low of Dec 2023. Currently, it is testing the low of July 2023 and MC (OB) area. **Weekly Chart** Last week, the candle closed as a bearish indecision candle after taking out the liquidity below the 26th of December 2023. DXY is currently in the demand zone and testing weekly Manipulation candles for July 2023. **Daily Chart** DXY overall trend is still bearish. The next target is around 99.50 which is the low of July 2023. I would like to see DXY continue its move lower to at least break the low of July 2023 before it moves higher.
TVC:DXYShort
by PropSignals
Must-Watch Events in U.S. Politics This Week With six weeks until Election Day, Vice President Kamala Harris leads former President Donald Trump by 5 points, 49% to 44%, according to a new NBC poll. Harris' favorability has surged 16 points since July, the largest increase for any candidate since George W. Bush after 9/11. Harris is set to unveil new economic proposals on Thursday, expanding her vision for an “opportunity economy.” Meanwhile, Trump is now urging early and mail-in voting, despite previously blaming it for election fraud. As for a second debate, Harris has accepted an invitation for October 23, but Trump seems reluctant after their first encounter. Additionally, House Speaker Mike Johnson has proposed a stopgap funding bill to prevent a government shutdown before the Sept. 30 deadline, with a vote expected on Wednesday.
TVC:DXY
by BlackBull_Markets
EURUSDHello Traders! What are your thoughts on EURUSD ? EURUSD has reached a strong resistance level, and it appears that it may not currently have the strength to break through. In this situation, two scenarios—bullish and bearish—are possible: 1. Bullish Scenario: If the resistance level is broken, a buy position can be taken on the pullback. 2. Bearish Scenario: If the resistance holds, a sell position can be entered with a stop above the resistance level. If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️
by HAMED_AZ
3
Golden Outlook: Key Trends to Watch in the Week AheadFrom a technical standpoint, things are straightforward: both the broader market and shorter timeframes reflect a bullish trend. This alone provides a foundation for crafting a solid strategy. Key approaches could involve either capitalizing on false breakouts or bounces from key support levels, or alternatively, riding the momentum when resistance gives way, signaling continuation. However, it's not all smooth sailing. There are fundamental hurdles on the horizon, notably the upcoming GDP report and a crucial speech from Fed Chair Jerome Powell. These events have the potential to stir up market volatility as traders anticipate potential shifts in economic policy and performance. Given this backdrop, it's likely that gold will persist in its upward trajectory. Yet, we can't discount the possibility of pullbacks or market shakeouts, especially if traders decide to lock in profits after the recent rally, or as a defensive move ahead of next week's U.S. macroeconomic data and Powell’s remarks. Recommendation: A. Avoid attempting to predict trend reversals. First, you'll never be able to pinpoint these zones with certainty. Second, by the time you do, your performance may suffer, leading to unnecessary stop-loss hits. Instead, focus on identifying robust levels and trading within the prevailing trend. Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
OANDA:XAUUSD
by lonelyPlayer0
Cycle Analysis - Dollar IndexI am SETUP to hunt long TRIGGERS in the DX this week based on the COT strategy. So I thought I'd look, do cycles support the COT strategy looking for Longs? It turns out, they do. Decennial & Annual Predictable Zones (APZ's) supportive of up move to Early/Mid October Intermarket analysis finds a striking 60.9% correlation to DX's current price action to that of the price action found in 1991. Based on the intermarket analysis, we expect a major cyclical low sometime around now. The long term blend of the 51.5 month & 581 day cycles show a major cyclical low should be around the corner for DX. The short term blend of the 20.6, 29.9 & 115.6 day cycle is supportive of longs until a short term cyclical high early-mid October.
ICEUS:DXZ2024Long
by Tradius_Trades
GOLD → The shakeup after the rate cuts... What's next?FX:XAUUSD updates high to 2600 and then experiences a shakeout. Traders held the 2550 area and are currently trying to recover losses by testing the upper end of the range.... The Fed announced a 0.5% rate cut, bringing the interest rate to a range of 4.75%-5.0%. Why 0.5 and not 0.25? The Fed chief said that 0.25 poses threats to the economy that can no longer be allowed to... The gold price failed to capitalize on the sharp Fed rate cut, updating the ATH to 2600 the price headed down to the 2560 - 2550 liquidity zones. Traders are waiting for data on jobless claims and existing home sales to assess the state of the economy as a whole, the news may set the course for a correction or strengthen the general background, which will affect further growth Technically, the price approached the resistance rather quickly, which increases the chances of a bounce or a false breakout. The focus is on 2588- 2585. If the bears hold this area, the price may decline to the area of interest before rising. Resistance levels: 2585, 2588, 2600 Support levels: 2566, 2559, 2550 The overall bullish market structure is clearly visible on D1. Traders, after the rate cuts, need to take a breath and wait for additional confirming signs.... For today, the focus is on the trading range indicated on the chart... Rate, share your opinion and questions, let's discuss what's going on with ★ XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
37