J-DXY
XAUUSD H4 Analysis - Bullish or BearishPair Name = Gold
Timeframe = H4
Analysis = technical + fundamentals
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2590 Gold Price level and 2663 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2577 to 2580. That indicates if Price breaks this level. Then we will see a small retesting period.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2545 to 2556 price level.
EMA 5 Crossing levels:-
2580 To 2577
Retracement Zone:-
2545 To 2555
Bullish Gold Levels:-
2590
2615
Bearish Gold Levels:-
2564
2556
2545
2530
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move.Happy trading.
More Upside For XAUUSDAs Gold approaches the 2600 level, I'm anticipating some volatility around this resistance level before a continuation higher.
FED cutting rates this week could push gold higher, especially if we see the DXY lose ground.
However, volatility is could be high, with choppy price action around this resistance level.
Look for short term upside scalps or to buy on retracement.
DXY Will Go Up From Support! Buy!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 100.844.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 101.825 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURUSD 15/09/24Starting this week as always with EUR/USD, we saw a drop as we predicted last week, clearing liquidity and taking out the last major low. However, we haven’t hit our area of demand, meaning this area is still in play, as shown on our chart. A new area of demand has formed, and there is liquidity below the low from which this new zone has emerged.
Based on the higher timeframe zone and current price action, I believe we could see a bullish shift after we drop into the demand area. Of course, we may not reach that point, but if we do, I'll be looking for a clear long opportunity or, if demand fails, to go short toward the major low.
Keep it simple: trade your plan and always stick to your risk management!
BTC - Explanation of Potential 35,000 / 10,000 Drop & SummaryIn this video I detail out why I believe we will see a significant crash on Bitcoin, dig into the mechanics of how a drop to $10,000 is possible, talk about the US Dollar and macro ideas for Bitcoin, and summarize my trading ideas and why I am anticipating its a good trading opportunity.
Any questions or comments, please feel free to ask or leave your own input.
This is never about ego or being right over anyone else - we are in this together and all have the same goals.
DXY Its about DXY in a high timeframe analysis. the price is currently at a critical daily level and is indicating signs of potential rejection from this level.
Considering this analysis, here are some key points to take into account:
1. **Critical Daily Level**: is significant as it may act as a strong support or resistance point for the DXY.
2. **Rejection Signal**: The signal showing a potential rejection from this level implies that there could be a shift in momentum or a reversal in the price movement.
3. **Confirmation**: It's essential to seek confirmation from other technical indicators, price action patterns, or fundamental factors to validate the potential rejection and strengthen your analysis.
4. **Risk Management**: Implementing risk management strategies, such as setting stop-loss orders, is crucial to protect against adverse price movements in case the rejection signal does not play out as anticipated.
5. **Market Monitoring**: Stay updated on economic data releases, geopolitical events, and other factors that could impact the US dollar to make well-informed trading decisions.
By considering these factors and conducting thorough analysis, you can better navigate the market dynamics surrounding the US Dollar Currency Index in high timeframes. If you need further assistance or more detailed insights, feel free to ask.
GOLD BULLISH TO $2,620!Considering how bullish the weekly candle has closed, I do not believe that Gold has not topped yet.
I think Wave III is close to completion, meaning a Wave IV correction should follow next week during the FED data, followed by a final bull run of Wave V towards the $2,600 mark!
Is Gold signalling a crisis? Gold is going parabolic and typically that doesnt mean a good thing.
Now there are many reasons this could be rallying and likely a combination of the few.
- Fed Rate Cut
- Geo political tension
- Weak Fiat currencies
- Currency Crisis
- Weakening economies
In a time where gold enters these monthly extreme RSI moves it typically signals a good time to start trimming.
Gold usually goes through a multi month correction but this could also spill into other asset classes.
As the steepening effect on the 10y/2y finally was confirmed today, large macro implications could follow and this is exactly what Gold confirmed this week.
DXY UPDATED w/ Eurozone Interest Rate & U.S. Jobless Claims originally posted here . 102.500 DXY in the coming weeks?
The Eurozone has opted to keep interest rates stable at 3.65%, signaling a wait-and-see approach to current economic conditions.
Meanwhile, U.S. jobless claims have come in 3,000 lower than expected, reflecting a stronger U.S. labor market.
This divergence in data is likely to put pressure on EUR/USD, with the U.S. dollar gaining strength from robust employment figures while the Euro remains steady amid unchanged monetary policy. I’ll be watching for potential bullish DXY into the next trading sessions.
DXY Bullish Bias: Price Action & Data AlignmentWhile U.S. economic data hasn't been stellar, it's still holding up well enough to support the dollar. Intra-week price action (8/26/24 - 9-6-24) reflects this, with strong upward movement indicating a continuation of the bullish trend.
Keep an eye on key support levels and potential pullbacks, as this bias could persist heading into the coming weeks.
Blue ATR is monthly
Purple ATR IS weekly
Completion of the correction of the dollar index DXY.H4 13.09.24Completion of the correction of the dollar index DXY
The dollar index has completed its upward correction and now we are waiting for a downside downdraft on the Fed on the 18th of September. In fact, the currency futures expiration has now passed and the gap that you see in the quotes is caused by a large divergence of forward point, that is a purely technical picture. Some suppliers may have different quotes by the numbers.
From current levels +- I expect a correction up again and a continuation of the fall after Powell's speech on Wednesday 18 September. I do not set targets at the low yet, I will be looking at it in the process
DXY: Strong Bearish Bias! Sell!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 100.823
Wish you good luck in trading to you all!
GOLD LONG TO $2,800Within my Account Management service (The Gold Fund), I have been buying Gold since $1,600's for my investors. We have been holding for nearly 2 years now & cashed out partials profits along the way.
We still have much more upside to go towards our $2,800 target. We will look for a TEMPORARY retracement, then look to buy more.
DXY Will Go Lower! Short!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 101.006.
Taking into consideration the structure & trend analysis, I believe that the market will reach 99.601 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
#DXY 4H On the 4-hour chart (4H) of DXY (U.S. Dollar Index), the price is currently in a downtrend, indicating a strong sell opportunity.
Sell Levels: 101.200 - 101.500
The price has reached a potential selling zone between 101.200 and 101.500, which is acting as a resistance range in the current bearish trend. This is a strategic area to consider short positions as the market may struggle to break above this level.
Target Level: 99.500
The expected downside target for this move is around 99.500, a key support area where the price might find some buying interest or consolidation after the bearish move.
Key Factors:
Downtrend: Lower highs and lower lows dominate the price action.
Resistance: The price faces strong selling pressure near 101.200-101.500.
Momentum: Indicators like RSI and moving averages suggest the trend is firmly bearish, with room to fall toward the 99.500 support.
Trading Strategy:
Entry: Look for short entries near the 101.200-101.500 range.
Target: Aim for the 99.500 level as the profit target.
Stop-loss: Consider placing a stop-loss above 101.500 to manage risk effectively.
This setup offers a favorable risk-to-reward ratio in line with the ongoing downtrend.
SELL GOLDGold made a big up move, clearing all liquidity and creating new highs. However we are not surprised. The next few months we will see a strong dollar. Todays session we are monitoring gold for sell positions. This will be likely the turning point for a much anticipated correction towards 2400 and below (Long term). Stops can be put at 2580 or 2590. Targets below 2520. Use proper risk management.
EURUSDHello Traders!
What are your thoughts on EURUSD?
This currency pair is currently positioned below a key resistance zone. It is expected that after a brief upward correction, it will likely decline towards the specified level. Additionally, the European Central Bank’s monetary policy meeting, scheduled to take place in the coming hours, could serve as a key catalyst for this pair's movement.
If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️