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Gold price analysis September 4☘️Fundamental Analysis Gold prices bounced from multi-day lows but remained below the $2,500 mark amid renewed buying in the US Dollar (USD) on Wednesday. However, ongoing geopolitical risks and the Federal Reserve’s (Fed) impending rate cut could support the yellow metal in the near term. Later on Wednesday, JOLTS Job Openings and the Fed Beige Book will be released. Investors will be closely watching Friday’s highly anticipated US Non-Farm Payrolls (NFP) for August, which could determine the size and pace of a potential rate cut at the Federal Reserve’s September policy meeting. If the report shows a weaker-than-expected reading, it could fuel speculation of a US recession and a faster rate cut by the Fed. This in turn could boost the precious metal further as lower interest rates reduce the opportunity cost of holding non-yielding Gold. ☘️Technical Analysis At the end of the trading session, gold was booked by investors as it was pushed up from the beginning of the session, causing gold to fall from 2497 to 2487. The 2485 price zone became an important zone when the European session jumped in. The price is approaching this zone for those who can execute the BUY scalp signal. This week's trend will continue to decrease in price until the Nonfarm data is released to shape the current gold trend. A deep pullback to the lows is seen as an opportunity to buy long term when interest rates fall. Today, pay attention to the 2461 and 2472 zones for a BUY strategy. Resistance: 2505 - 2509 - 2515 - 2524 - 2535 Support: 2491 - 2485 - 2472 - 2461 - 2454 - 2440 SELL price zone 2513 - 2515 stoploss 2518 SELL price zone 2505 - 2507 stoploss 2511 BUY price zone 2474 - 2472 stoploss 2469 BUY price zone 2460 - 2462 stoploss 2456
OANDA:XAUUSD
by TVS-Trader
SWING IDEA - RK FORGINSRK Forgings , a key player in the forging industry, is showing technical indicators that suggest a promising swing trade opportunity. Reasons are listed below : 850 Resistance Turned Support : The 850 level, previously a strong resistance, has now turned into a robust support level, indicating a potential floor for the stock price. Bullish Engulfing Candle on Daily Timeframe : The recent formation of a bullish engulfing candle on the daily chart signifies strong buying pressure and potential for upward movement. 50 EMA Support on Daily Timeframe : The stock is finding support at the 50-day exponential moving average, reinforcing the bullish sentiment and providing a reliable support level. 0.382 Fibonacci Level Support : The price is bouncing off the 0.382 Fibonacci retracement level, suggesting a healthy pullback and resumption of the uptrend. Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation. Target - 1000 // 1100 Stoploss - Daily close below 810 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:RKFORGELong
by Visionary_Growth_Insights
GBPUSD 1.31319 -0.09 % INTRADAY SET-UP SHORT IDEA NY SESSIONHELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE Heading into the NY PM SESSION * Still on a bearish Overflow on the 4H looking for a continuation with the bears on GU. * We just put in a short term high which might possibly be inducement with that 4h -OB but we will see with price. * sweep of the short term high would signal mitigation of the -OB and should it hold will be looking for possible shorts at the Oder-block. 1H GBPUSD The 1H -ob is rejecting with London pushing into this PD ARRAY, closure will be a signal for directional bias on GU heading into NY and towards the closure of London. * Rejection at this OB possibly signals continuation with the bears. 15M * Looking for the take of that ERL. * Looks like we are in a seek & destroy profile looking to take as such * awaiting the 4H to confirm directional bias heading into NY am session. * BASED on the price action served next session... * We will see what does the market dish. 🤷‍♂️😉🐻📉🐮📈 HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
14
USDJPY 145.835 145.834 MULTI-TIMEFRAME ANALYSIS + intraday setupHELLO TRADERS Hope everyone is doing great 📌 A look at USDJPY from MULTI TIME-FRAME ANALYSIS USDJPY 4H TF * Tue. opens strongly bearish with the 7am SAT possibly forming a CHOCH on the 4H * Trading out of a sweep on an long term high. * 4H iFVG formed * This is where I would to short the USDJPY should this structure be respected. * looking for PO3 rules towards the upside to continue lower. * The weekly & daily TF show we are still showing signs of a BEARISH move still. * But seems we may see a push up before continuation with the bears with resting LQ above. * USDJPY took External range LQ, looking for that internal range LQ to be taken. * We are trading in DISCOUNT of the move,This is where I would be looking for short entries. * We saw a rally with the bears, strong momentum to the downside. * Looking at the 1H FVG, this is where I would look for SHORT entries this week. * Should this PD ARRAY hold will be SHORT for the GJ intraday. * BASED on the price action served. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
8
Happy Labor day SPY Lovers ! (4hr Chart Analysis)This is our 4-hour chart, and as you can see, I am linking it with the daily chart I published earlier. What I want you to notice is the number of orders positioned at 544.58. We must take into account that on our daily chart, this is the second time the price has activated the institutional order block, and there was no intention of a breakout; it was simply rejected as we predicted last week. The price on the 4-hour chart has only moved within a range and hasn't been able to surpass all-time highs yet. Looking at the chart, it gives me the impression that it might reject again. No one knows what will happen; this is an analysis based on historical movements, price action, and smart money concepts. Let’s see what Tuesday brings, but for now, enjoy your Labor Day! Cheers, and thank you for supporting my analysis.
AMEX:SPY
by RocketMike111
Hey SPY LOVERS ! Happy Labor Day ! (Daily Chart Analysis) There really isn't much to see here. The entire week we were simply in a broad range. The price activated the institutional order block for the first time and made its natural rejection, as we mentioned in the previous analysis, showing liquidity for several days. However, the price regained strength to return to the institutional order block once again. There are 2 things I can identify on this chart: 1- The price, volume, and strength to return to the order block. 2- On a 4-hour chart, the price is showing a lot of orders positioned to the downside, which makes me think that the price might not have the strength or volume it's looking for to break the institutional order block and surpass the ALL TIME HIGH. In conclusion, we have to wait for the market to open tomorrow, as today, being "Labor Day," there was no session I will publish my 4-hour chart and link it with this one so you can see the number of orders positioned around 544.58. Let's see how it goes when the market opens on Tuesday.
AMEX:SPY
by RocketMike111
EthereumHi guys We are at the bottom of the upward channel. On the other hand, the amount of Ethereum in the centralized exchange has reached the lowest historical level. It seems that investors are not sellers at these rates. In the four-hour time frame, it seems that with the consumption of the $2408.3 support area, we can expect a downward trend similar to the scenario from the specified resistance range. On the daily time frame, according to maintaining the support area and ascending channel, provided that the ascending trend line is maintained, the price area of ​​$2250 can be attractive for buying. what do you think?
Short
by BiTBingo
$ELF Bouncing Past the 9 & 21 Day Moving AverageNYSE:ELF On average, technical analysts often observe that when a stock crosses above both the 9-day and 21-day moving averages, there is approximately a 60-70% chance that the upward trend will continue. Conversely, when a stock crosses below both averages, there is about a 60-70% chance that the downward trend will persist. Here are some general figures: Bullish Continuation: 65% probability that the stock will continue an upward trend after crossing above both the 9-day and 21-day moving averages. Bearish Continuation: 65% probability that the stock will continue a downward trend after crossing below both the 9-day and 21-day moving averages. These figures are generalized estimates based on typical market behavior and may vary depending on specific stock characteristics and broader market conditions. Always consider conducting specific #backtesting and analysis for the particular stock or market you're interested in for more accurate predictions.
NYSE:ELFLong
by montiai
1
Ethereum still in accumulation zone, what's next?After Ethereum has been in a downward channel, it breaks the sequence at point #4, which remains in the accumulation range from previous days. This zone is extremely important because, as you can see, it has been moving within this area for several days, which means that the price could gain strength at any moment and start a bullish run. But NOTE: as long as the price remains within the channel, there will be no bullish run. We need to wait for the price to break out of the downward channel to confirm that it is heading back to the supply zone. Thank you for supporting the analysis. ETH is at a point where adding a position might be considered; let’s hope the price makes a decision soon. Thankyou for supporting my analysis i invite you to visit my analysis on Bitcoin Use bitcoin price movement as a base of all the crypto market trend. Best Regards
COINBASE:ETHUSD
by RocketMike111