GOLD : Gold is increasing fearfullyIn an interview with Kitco News, Robert Minter, Chief Investment Strategist at abrdn, said that Fed Chairman Jerome Powell's testimony before Congress last week appears to be the turning point the market has been waiting for. long time ago.
During a two-day hearing on Capitol Hill, Fed Chairman Jerome Powell told Congress that risks to the economy now hang in the balance. "Rising inflation is not the only risk we face," Mr. Powell emphasized in prepared remarks.
Immediately after these comments, gold prices held the $2,400 support level and even surpassed the peak of the two-month accumulation period. The August gold futures contract set a new record at a price of 2,470.20 USD/oz.
This breakthrough took place in the context that the market was almost completely confident that the Fed would reduce interest rates in September.
Mr. Robert Minter, Director of Investment Strategy at abrdn, said he was not surprised by Powell and the Fed shifting their focus away from inflation. He noted that rising consumer debt in a high interest rate environment could pose significant risks to the economy.
M-signal
XAUUSD : Gold is heading towards new heightsThe daily chart shows that gold still has room to expand its upward momentum. XAU/USD is trading significantly above all SMAs, which are steeply sloping up. At the same time, technical indicators are also increasing rapidly, moving deeper into the overbought zone but showing no signs of slowing down.
Based on the H4 frame, gold is in the overbought zone in the short term, but the possibility of a downward adjustment is still unclear. The 20 SMA is strongly sloping up, providing dynamic support around $2,420. The two SMA lines 100 and 200 are also following and pointing up. Finally, the Momentum indicator maintained an uptrend at a high level, but the RSI indicator entered the overbought zone and showed signs of slowing down. Therefore, gold may be under some short-term profit-taking pressure before contemplating the next increase. Potential support levels are $2,448, 2,435, and $2,422, respectively. Conversely, the next resistance levels to watch out for are $2,480 and $2,500.
NOK Nokia Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NOK Nokia prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $0.09.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
XAUUSD : Gold will find its old peak within the weekWorld gold moved sideways around 2,427 USD/ounce in the early trading session this morning, a number of important economic reports will be announced by the US this week. However, experts predict that the gold market will not change much after these reports.
FxPro senior market analyst Alex Kuptsikevich said that the fact that XAU/USD remains firmly above the 2,400 USD/ounce mark is a good sign. Expectations that the Fed will soon cut interest rates are increasing, which underpins the price of gold - a non-yielding asset.
SOLUSDT, Mon 15 Jul,(part 1)I didn't perform well last week because the weekly candle was bullish and I didn't recognize it well.
And I was looking for the shorts position.
I am not sure, but I see the upcoming weekly candle as bullish.
but
- If the price does not exceed 154,
- Considering that 4 consecutive days have passed, I saw a green candle
- The upward movement of the price from the beginning of today and the downward movement from 3 am,
I expect a short position again.
Wish Low-Loss trade!
Mon 15 Jul - 9: 34
GOLD XAUUSD DETAILED VIDEO ANALYSISyesterday after the cpi xauusd breached major resistance zones and touched our bullish target of 2421 extending up to 2425.
TODAY we have explained the possibilities of our market in video section. And we will bisect the major support resistance point along with pivot.
⬛PIVOT POINT
2395
🟩SUPPORT
2403
2404
2395
2385
2377
2362
🟥RESISTANCE
2414
2424
2433
2438
2442
2450
2465
❇️BOTH THESE SUPPORT AND RESISTANCE CAN BE USED AND BULLISH AND BEARISH ZONES RESPECTIVELY
on us market section there is a major news of ppi which will decide more direction and momentum in todays market.
we willl do more detailed analysis on ppi.
PLEASE FOLLOW SUPPORT AND BOOST US
SHARE OUR IDEA
USDCAD Trading Opportunity! BUY!
My dear friends,
USDCAD looks like it will make a good move, and here are the details:
The market is trading on 1.3598 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.3642
Recommended Stop Loss - 1.3572
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
XAUUSD : Gold increased sharply at the end of the year?Although the PPI index last week somewhat restrained the excitement, gold was still able to hold the important support level of 2,400 USD/ounce. Coming into the new week, world gold prices were under pressure from investors to take profits at the beginning of this morning's session when ECB officials announced that the central bank could cut operating interest rates again in the end. 2024. It is likely that many ECBs will not be able to lower interest rates at this week's meeting on July 18, but possibly in September. This may have led to an increase in expectations for a similar move with the FOMC and opening shows a clearer trend of interest rate cuts.
Carsten Fritsch, commodity analyst at Commerzbank, expects that gold will find its historic peak again this week when the gap is only about 40 USD/ounce. Because after recent developments, from both data and Mr. Powell's statements, the possibility of cutting interest rates in September is higher than ever.
However, many experts say that investors should also be cautious because Q2 economic information is about to be announced in the US and Europe from now until the end of July. If the economic data is positive, gold can will likely be under pressure to make room for other risky assets, typically stocks.
Bitcoin Bear-Flag Signal: Prepare For Dump!After the massive losses in June, Bitcoin has at the very least found a temporary bottom in July.
In my view, this is nothing more than a temporary pause to let the long-term oscillators get less extreme. The most likely scenario will be that the Bear Flag pattern will play out over the next few weeks.
This is a risky bet, since we're going to trade from the top resistance instead of waiting for the price to fall through the support. However, the R/R ratio is much better.
Will gold decrease or increase when US politics is tense?The assassination not only increased Mr. Trump's chances of victory but also increased the Republican Party's chances of a sweep. If Republicans gain control of the White House and both houses of Congress, they could enact tax cuts that would increase the budget deficit.
That's how things work. When one party takes control, it's either Republicans cutting taxes or Democrats spending more. Both cases resulted in higher deficits, while a divided Congress barely passed anything.
When the budget deficit increases, bonds will be sold off due to concerns about increased supply and accelerating inflation. The Fed will therefore have to maintain interest rates at higher levels for longer.
How does this affect the market? Higher yields from US government bonds will make gold less attractive. Stock investors love low interest rates, and higher interest rates can make the market less attractive.
The biggest beneficiary is probably the USD. The USD benefits from both higher yields and a safe-haven environment. Political violence is bad news, and in tough times, the world's reserve currency is the winner.
Overall, the assassination of former President Donald Trump could cause gold and stocks to decline, while boosting the USD. Polls and ongoing information will determine how long this story lasts and how it impacts the markets.
AUDNZD - Opportunity for a long trade !!Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect price to make a retracement to fill that huge imbalance lower and then to reject from bullish order block + institutional big figure 1.10000.
Fundamental news: Upcoming week on Wednesday (GMT+3) we have news on NZD, we will see results of CPI and on Thursday (GMT+3) we have Unemployment Rate on AUD, news with high impact on currency.
Like, comment and subscribe to be in touch with my content!
EURUSD - Trade analysis !!Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from liquidity zone.
Fundamental news: Upcoming week on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency.
Like, comment and subscribe to be in touch with my content!
EURCHF Buyers In Panic! SELL!
My dear friends,
My technical analysis for EURCHF is below:
The market is trading on 0.9754 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9740
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
NEOUSDT is up for a 300% jumpAre you one of those long-term investors? Then the NEO coin might be just for you. By the looking at the weekly chart we can observe a breakout of the long term supply zone, indicating a shift in trend. Following the breakout, price has corrected heavily, and found the support at 88.6% Fibonacci retracement level. So as can e seen, this Fib level is also a great demand zone for long term investors.
Therefore, we expect a 300% rally in the coming months. It will not be an easy and fast ride, but a bumpy one. Nonetheless, the great RR buying opportunity is open for those who see the massive potential for NEOUSDT.
DXY - Are You Ready?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 DXY has been overall bearish trading within the falling wedge pattern in brown.
However, it is currently approaching the lower bound of the wedge.
Moreover, it is retesting a strong demand zone highlighted in orange.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower brown trendline.
📚 As per my trading style:
As #DXY is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCHF Set To Grow! BUY!
My dear subscribers,
This is my opinion on the USDCHF next move:
The instrument tests an important psychological level 0.8952
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.8998
My Stop Loss - 0.8923
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK