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🟢 $GOLD : NFP's Effect on the Market ! (READ THE CAPTION)NEW Forecast of TVC:GOLD : By examining gold, we can see that after moving to the next liquidity pool ($1947), the price was accompanied by a correction and fell to $1938! Currently, the price is trading in the range of $1945 and it is likely to move towards the next liquidity pool, i.e. $1955! We have to see what trend the price will take with the announcement of NFP statistics! Don't Forghet To Push The Boost (Like) Button and Follow Me for more ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
67
RBA expected to pause, US nonfarm payrolls rises slightlyThe Australian dollar has started the week with slight gains. In Monday's European session, AUD/USD is trading at 0.6464, up 0.21%. The Reserve Bank of Australia is expected to hold interest rates at 4.10% when it meets on Tuesday and a rate hike would be a huge surprise. The central bank has paused for two straight meetings and the odds of a third pause stand at 86%, according to the ASX RBA rate tracker. The most important factor in RBA rate policy is of course inflation. In July, CPI fell to 4.9% y/y, down from 5.4% y/y and better than the consensus of 5.2% y/y. Inflation is moving in the right direction and has dropped to its lowest level since February 2022. A third straight pause from the RBA will likely raise expectations that the current rate-tightening cycle is done but I don't believe we're at that point just yet. This is Governor Lowe's final meeting and he is expected to keep the door open to further rate hikes. Incoming Governor Bullock stated last week that the RBA "may still need to raise rates again", adding that the Bank will make its rate decisions based on the data. The RBA isn't anywhere near declaring victory over inflation and has projected that inflation will not fall back within the 2%-3% inflation target until late 2025. The week wrapped up with the US employment report for August. The Fed will be pleased as nonfarm payrolls remained below 200,00 for a third straight month, rising from a revised 157,000 to 187,000. Wage growth fell to 0.2% in August, down from 0.4% in July and below the consensus of 0.3%. The data cements a rate hold at the September 20th meeting, barring a huge surprise from the CPI report a week prior to the rate meeting. AUD/USD is testing resistance at 0.6458. Above, there is resistance at 0.6516 There is support at 0.6395 and 0.6337
by OANDA
BluetonaFX - USDJPY Dollar Strength On Positive NFP Figure Hi Traders! USDJPY's bullish outlook is still in play after a better-than-expected NFP announcement to end the week on a positive note for the US dollar after a bad week of data releases. The number came in at 187k, beating analysts expectations of 169k. USDJPY before the figure was around the demand zone at the 145 level and is now trading just under the 146 level. A momentum break below the demand zone would have been a potential reversal of the bullish momentum we have had on this pair for the past few months. Our bull flag idea (link below) is still in play, and the next target is likely to be at 147.378 (the August 2023 high). A break above this level and the psychological 150 level will be the next long-term target. Please do not forget to like, comment, and follow. Thank you for your support. BluetonaFX 
by BluetonaFX
NFP Numbers and the GoldilocksS&P 500 INDEX MODEL TRADING PLANS for FRI. 09/01 As we wrote in our trading plans published Mon. 08/28: “If we get a daily close above 4415 today then our models will flip to a moderately bullish bias. If not, they will continue to sport their bearish bias”. We got this confirmation with Monday's close, and our models have turned cautiously bullish on Tue. 08/29. Ever since, the markets have been on the upswing heading into - and, post - the NFP numbers release this morning. The NFP numbers paint a picture of potentially the hoped-for Goldilocks scenario could continue into the next Fed meeting, continue to push up the markets higher. On the flip side, any weakness in today's regular session could indicate the beginning of the end of the recent bull run. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4568, 4547, 4532, 4509, or 4491 with a 9-point trailing stop, and going short on a break below 4565, 4543, 4517, 4506, or 4488 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4555 or 4529, and short exits on a break above 4559 04 4522. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:31am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #bankdowngrades, #nfp, #jobs, #nonfarmpayrolls, #payrolls
SP:SPX
by TradersAIDotCom
BluetonaFX - USDJPY ABCD Pattern WarningHi Traders! There are potential warning signs that the outlook for the US dollar is not as strong as we hoped. Bad data has been coming out of the US this week, leading to traders being very nervous about tomorrow's NFP announcement. This technical analysis on the charts also supports this. The market is currently in an ABCD formation, and the demand zone at the 145 level, which has been very strong over the past few weeks, must hold here; otherwise, there is a risk of a potential reversal of the bullish trend. Last week, we posted a bull flag opportunity and stated that the market must break and close above 146.564 for a possible continuation towards 150.000, which the market has yet to do. This pattern is still in play, but the demand zone must hold. All eyes will be on the NFP announcement tomorrow, and further bad data will lead to a bearish outlook for the US dollar. We would love to hear your thoughts on this in the comments section. Please also do not forget to press the like button and follow for more updates. Thank you for your support. BluetonaFX
by BluetonaFX
Eightcap: USDCAD Analysis Today's focus: USDCAD Pattern – Support hold, retracement Support – 1.3517 Resistance – 1.3597, 1.3640 • USDCAD price sits at a junction. • USDCAD failed at its latest key resistance test. Hi, and thanks for checking out our latest market update. Today, we have run over the USDCAD on the daily chart and discussed oil and the USD index, as well as upcoming news that could influence the current picture. Price could be seen in a small squeeze at the moment. Will we see short-term support hold and potentially feed a new shot at key resistance? Or do we see support break and price make a new move back towards the main trendline? Data to watch today: US unemployment claims and core PCE price index. Tomorrow, US employment data. Have a great day and good trading.
by Eightcap
NFP Alert: Gold to rise on weak numbers? Focus is growing on the upcoming nonfarm payrolls (NFP) report. In August, it's expected that there will be about 170,000 new jobs (compared to 187,000 in July). The days leading up to this report have had some not-so-great job-related data, like the JOLTS and ADP reports. This has heightened expectations that the NFP might show fewer jobs than expected. The US dollar and Gold may feel the immediate effects if job growth disappoints, as signs that the economy is slowing could force the Fed to adopt a more cautious stance at upcoming meetings. Just yesterday, the ADP report for private payrolls in August was lower than what experts predicted. It was 177,000 jobs instead of the expected 195,000. If the NFP shows more than 200,000 new jobs, there could be a higher risk of inflation. This could help the US dollar but might place pressure on gold prices. On the other hand, if the NFP has less than 150,000 new jobs, traders might change their thinking about the Fed monetary policy outlook. This could make the US dollar weaker but could be a boost for gold prices. Gold recently peaked just below $1950, so this would be the immediate upside target, followed by last month's peaks at $1954, $1963, and $1972.
BLACKBULL:XAUUSD
by BlackBull_Markets
1
US30 - 28th to New month - NFP WEEK! Good Day mates Happy new week - even though its already Wednesday. Time away from the charts is always a good thing. This week we have major US news - Previous week liquidity all taken - Liquidity Gaps created - Bullish price action - Breaking previous highs Last week the 4hr flip zone (34679) held strong. Price respected this zone very much. Price kept sweeping sellside liquidity. im expecting price to push higher until Friday, we will see corrections as noted with the gaps however i strongly believe that a seek and destroy profile is on the cards this week Good Luck ! Trade safe and follow your rules
CAPITALCOM:US30
by KingDee57
3
Using FUNDAMENTALS as timing CONFLUENCE (NFP week)BIG PICTURE UPDATE: - We are not yet in a recession but most likely are headed towards one some time between Nov 2023 - April 2024. - Stocks will peak within 1-2 moths of a spike in Jobless Claims - Yields will continue to rise until something bad happens to the economy and the Fed is forced to do QE - With yields rising, they will take the Dollar higher with them (which is why I'm expecting XAU to head lower for now) SCENARIOS: - SCENARIO #1: Jolts + ADP come in as expected (supporting more rate hikes) causing gold to peak by Wed and begin moving lower - SCENARIO #2: Jolts + ADP come in as expected (supporting more rate hikes), yet gold will stubbornly rally/move sideways; in this case NFP will most likely be the launching point of this move lower _____________________________ - Scenario#1 is looking more likely at the moment. There are 2 orders I'm interested in placing for this trade (if the 1st fails, 2nd should work)
OANDA:XAUUSDShort
by XAUSpeculator
1
EURUSD Key levels pivotal as NFP nears The 4-hour chart on the EUR/USD displays a possible bearish bias, but there are some indications of consolidation after the small rebound observed on Friday. At present, the price is lingering around the 20-day Simple Moving Average (SMA). To improve its bullish outlook, it would be necessary for the Euro to hit 1.0840 and for other technical indicators (that have shifted away from their bearish inclination) to remain in its favor. The attention is now directed towards upcoming employment and inflation data. The JOLTS Job Openings report is scheduled for release on Tuesday, followed by the ADP survey on private job creation, in anticipation of the Nonfarm Payrolls report to be unveiled on Friday. In the realm of European data, emphasis is also placed on inflation reports. Commencing Wednesday, Eurozone nations will commence the release of preliminary August Consumer Price Index (CPI) data. Additionally, on Tuesday, the German Gfk Consumer Confidence survey is set to be published. If there is a weekly closure in proximity to the current levels after the US jobs reports, it might embolden sellers in the next week, potentially opening the price zone around 1.0733. In the meantime, resistance could potentially be encountered at levels 1.0840 and 1.0910.
by BlackBull_Markets
🔴 #XAUUSD : Gold will fall ? (READ THE CAPTION)By examining gold in the 4-hour time frame, we see that the price is still trading in the range of $1932! I have specified 2 scenarios on the chart, in both cases I expect gold to fall more, but due to the extreme fluctuations that will caused by the announcement of NFP changes, moves may be made to collect liquidity, so be careful! The ranges and important supply zone are $1934, $1939 to $1943, and $1947 to $1956, respectively! Don't Forghet To Push The Boost (Like) Button and Follow Me for more ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
62
GOLD/XAUUSD LONG/ BUY🔰 Pair Name: GOLD/XAUUSD 🔰 Time Frame: 1H/4H 🔰 Scale Type: SMALL Scale 🔰 Direction: LONG/BUY 📈 Fundamental Point of View 📉 Gold price experienced a strong rebound after the US NFP report fell short of expectations last Friday. In July, fresh payrolls were 187K lower than the consensus of 200K, although they were marginally higher than June's print of 185K. The market sentiment turned positive despite Fitch's downgrade of the US government long-term debt rating. 📊 Technical Point of View 📉 From a technical standpoint, Gold showed a significant bounce and closed the daily candle above the key daily support level at $1932 last Friday, driven by the unexpected and shocking low NFP data release. The price has also touched the Fibonacci retracement level of 38.2%, which indicates a potential bullish momentum. We anticipate the gold price to make a solid cross above this level on the 1-hour candle chart and then retest the 23.6% Fibonacci level before aiming for the next resistance at the Fib level of 50% at a price of $1951.88 at the beginning of this week. 🚀📈 🔍 Disclaimer: Trading involves risk. This analysis is for informational purposes only and should not be considered as financial advice. Always do your research and consult a professional before making trading decisions. 🔍
TVC:GOLDLong
by Moon_SmartMoney
XAU/USD POINT OF REACTION 1946On gold, we have a bearish setup on both the weekly and daily charts. Occasionally, we have noticed that it is useful to look at clearer and more detailed timeframes. In both the weekly and daily charts, we precisely have a bearish setup with a resistance zone between 1960 and 2040. Within this zone, there is a demand area and a bearish trendline where the price has bounced before reversing course after a slight rally. Indeed, the price is now descending towards 1910, which is our key level that will act as support initially and then resistance once the price reaches the demand zone, which is between 1800 and 1840. We expect a rebound from that area with a target of 1910. Let us know what you think. Happy trading to everyone!
OANDA:XAUUSDShort
by Forex48_TradingAcademy
BluetonaFX - GBPUSD EURUSD USDJPY NFP Multi-Chart AnalysisHi Traders! The Non-Farm Payrolls announcement led to weakness in the US dollar due to a weaker than expected number. The figure came in at 187k, which fell short of analysts' forecasted 205k, and markets have reacted strongly to the data announcement. We have a multi-chart analysis here on the 3H timeframe showing the current price action in the markets. Levels have been broken across the board on our indicators, and we could see potential trend reversals across the board. GBPUSD Our 20 EMA resistance was broken with momentum; however, we have found resistance at our upper Bollinger band around 1.27800. As long as the market stays above the 20 EMA, there may be another push towards the upper band to see if there is a possibility for continuation to the upside. EURUSD Our 20 EMA resistance was broken with momentum, and the upper band Bollinger resistance just above the 1.10100 level was also broken, which tells us that bullish momentum is currently very high. For a continuation to the upside, our best price action signal is to stay as close to the upper band as possible. USDJPY Our 20 EMA support was broken with momentum, the lower band Bollinger support around 142.00 was also broken, and we are currently back under the 142 handle. USDJPY is looking very weak at the moment, and we could potentially go back to 140 if we continue to stay below the 20 EMA.     Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
2