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Priceactionanalysis

Gold's correction to continue its uptrend💥The gold market is being greatly affected by the Fed's policy stance on the length of time it takes to cut interest rates. Experts say that US inflation reports are still not as expected. Thereby, the timing of the Fed's interest rate cut is unclear. 💥Gold's recovery over the past several months has been largely driven by central bank buying, especially demand from Chinese investors. However, gold becomes more difficult as central banks around the world are starting to diversify the USD with assets that have other redeemable values ​​besides gold. These factors will certainly hinder the momentum for gold going forward. 💥In the long term, despite the Fed's tough arguments on monetary policy in recent times, gold will still maintain its upward momentum in the coming time. Analysts on Wall Street believe that the market must lose more time than expected for the Fed to determine for sure whether inflation has actually decreased or not. Therefore, gold will remain stuck in monetary policy for quite a long time. 💥Technically, gold is trading around EMA 34 of the D1 time frame, showing that the recent two-day consecutive price decrease has not completely reversed the main trend of gold. The strongest retracement level that can be reached today is 2305. In the opposite direction, gold price can be pushed to the highest level of 2370 Support: 2325 - 2311 - 2305 Resistance: 2355 - 2370 - 2397 Breakout and retest: 2374 - 2320 SELL price range 2370 - 2420 stop 2375 BUY price range 2321 - 2419 stop 2315 (scalping) BUY price range 2305 - 2303 stop 2300
OANDA:XAUUSD
by TVS-Trader
EURUSD price analysis week 22📌After the surprise data on US services PMI skyrocketed, there was concern that the FED would cut interest rates less than expected. This caused investors to rush into the USD and pushed the Euro down despite the EUR PMI data. better than previously announced expectations. 📌EUR/USD recovers to 1.0850 as risk mood improvesEUR/USD gains traction and rises to 1.0850 on Friday. The improvement seen in the risk mood made it difficult for the US Dollar (USD) to maintain its strength and helped the pair erase some of its weekly losses. 📌EURUSD does not break the EMA 89 and continues to maintain its long-term uptrend. After bouncing up to 1.0850 EUR, it created a new, more stable and solid trendline. This 1.0850 area is currently a resistance area saved by the trendline and the old peak in the h4 time frame, so there is a high possibility that the pair will have a slight recovery. The highest increase that the pair can achieve next week is around the price range of 1.0930 after breaking the peak around 1.0890. On the opposite side, if the rising trendline is broken, the next support level is around 1.0770, at which point a short-term downtrend will begin to form if this support is broken. 🕯Trading signals BUY EURUSD zone 1.07700-1.07500 SL 1.07200 SELL EURUSD zone 1.09300-1.09500 SL 1.09800
by TVS-Trader
GBPUSD | Perspective for the new week | Follow-upIn this video, we delve into the recent movements of the Pound Sterling against the US Dollar as the GBP/USD pair hits a temporary pause near the key resistance level of 1.2700. Investors are closely watching the upcoming release of the United Kingdom's Consumer Price Index (CPI) data for April, which is expected to provide crucial insights into the interest rate outlook. With the Bank of England (BoE) potentially considering rate adjustments in the near future, the market sentiment has turned slightly cautious. BoE Governor Andrew Bailey's remarks following the March CPI data release hint at a potential decline in inflation figures, impacting the Pound Sterling's trajectory. On the other side of the Atlantic, Federal Reserve (Fed) policymakers have been pushing back on market expectations for rate cuts, despite the decline in US inflation data. The Fed's stance on maintaining higher interest rates for a longer period has led to a rebound in the US Dollar. Moreover, concerns over the strength of the US labor market have deepened following higher-than-expected Initial Jobless Claims data, adding another layer of complexity to the market dynamics. GBPUSD Technical Analysis: Will the pound hold below $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
1
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn this educational video, we delve into the recent surge in gold prices. There has been a notable uptick in gold prices, with XAU/USD recently surpassing the $2,400 mark, for the first time in almost a month. This surge in gold prices has piqued the interest of traders and investors, prompting speculation about the underlying factors driving this upward trend. The relationship between gold prices and the 10-year US yield, which has remained steady at around 4.4%, has been a focal point for market observers. The cautious sentiment prevailing in the market in recent weeks has provided a supportive backdrop for XAU/USD, offering a degree of stability amidst ongoing uncertainties. A key development that has influenced market dynamics is the release of softer-than-expected US inflation data for April. This has raised hopes among market participants for potential rate cuts by the US Federal Reserve (Fed), fueling bullish momentum and hinting at potential shifts in market behavior in the near future. However, the Fed's cautious approach to maintaining higher borrowing costs has introduced a note of uncertainty. The central bank's reluctance to rush into interest rate cuts has the potential to strengthen the US Dollar (USD) and exert downward pressure on gold prices, as higher interest rates could dampen demand for the non-yielding asset. In light of this recent twist in the perspective of the Fed, how will the market react? This video gives a detailed understanding of the behavioural patterns of market participants ahead of the upcoming week. XAUUSD Technical Overview: In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our focus for the upcoming week is the crucial $2,400 zone, which has significant historical importance and is likely to influence trading activity. If gold maintains its momentum above this level, we could see continued buying interest and potentially new highs. On the other hand, if prices fall below $2,400 and selling pressure continues, it might indicate a shift back to bearish sentiment. Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights. #GoldAnalysis #XAUUSD #NFP #ForexTrading #MarketAnalysis #TradingStrategy #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Margin trading in forex, commodities, CFDs, stocks, and other instruments carries high risk and may not suit all investors. This content is for educational purposes only to assist with independent investment decisions and is provided for reference. Evaluate your investment experience, financial situation, objectives, and risk tolerance carefully. Consult an independent financial advisor before making any investments. I do not guarantee the accuracy of the information provided and am not liable for any loss or damage from its use. Past performance is not indicative of future results.
PEPPERSTONE:XAUUSD
by darcsherry
VEDL Simple Price Action AnalysisThis is a Simple Price Action Analysis of $NSE:VEDL. In NSE:VEDL Price has broken the downtrend and started a new Up-Trend by creating Higher Highs and Higher Lows. As a W-shaped recovery is forming, my expectation is Price will go up to 857.20/- (Based on Fibonacci calculations)-. This will be approx. 262.45% Return on Investment. We can Buy on every Dip and Hold for the First Target - 495/- and the Final Target - 857.20/- Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital or even provision of additional margin in futures trading. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit, and employees are for information purposes only and under no circumstances should be used for actual trading.
NSE:VEDLLong
by priceissupreme
Winning Trades thanks to a clear Price Action readIn the video I talk through my trades on the DOW and reasoning for the executions. I aim to take some trades early in the session if they setup and we had a few good setups in a generally range bound market. I like to initially plan out the key levels using higher timeframe charts and then trade using the 5 min and 1min charts. By using a fast and slow MACD, I can define the short term momentum moves and then trade around them using the price action setups. ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !! ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
CBOT_MINI:YM1!
by TradeTheStructure
GOLD Ready to create new peaks at any time💥GOLD information Gold has just set a new all-time high, as investor demand across the entire market skyrocketed due to growing confidence that the US will cut interest rates this year. Gold bars rose 1.1%, reaching $2,450/oz early in the European session, surpassing the previous record set in April. This price increase is said to be due to traders becoming increasingly confident that the Fed may reduce interest rates as early as September this year. The dollar fell and US government bonds rose sharply last week, after data released on Wednesday showed April inflation fell more than expected. This is supportive for gold, a precious metal that does not yield interest and is priced in USD. Geopolitical risks in Russia and the Middle East continue to return after a Ukrainian drone attacked a small Russian oil refinery, causing the plant's operations to stall. At the same time, an oil tanker en route to China was attacked by Houthi missiles in the Red Sea on Saturday. Precious metals are one of the assets that often benefit from the need to find a safe haven during such unrest. The 2450 resistance level may hold today as the profit-taking mentality of some short-term investors will push gold back to around 2420. That is a short-term vision, but in the long term, the 2450 resistance area may not be. Must be an all-time high for a long time and broken soon for gold to head towards 2500. 💥GOLD plan SELL price range 2453 - 2455 stop 2459 BUY price range 2420 - 2422 stop 2386
OANDA:XAUUSD
by TVS-Trader
Trapped traders provides a great Short opportunity on DOW The plan for the session was to trade short off resistance on the DOW after an initial opening drive higher. The short side was the play and paid out nicely for patient sellers. In the video I talk through the key Price Action for the move and prime trade areas on the DOW Index. ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !! ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
4
Market stabilizes ahead of today's CPI data 💥 GOLD information World gold prices increased with spot gold increasing by 21.9 USD to 2,357.6 USD/ounce. Gold futures last traded at 2,363.6 USD/ounce, up 21.1 USD compared to yesterday morning. Weakness in the USD and Treasury yields following US producer price data for April provided a boost to the yellow metal. The dollar fell 0.2% after US data made gold cheaper for buyers holding other currencies. Yields on the benchmark 10-year Treasury note also fell, reducing the opportunity cost of holding this non-couponing asset. The US producer price index (PPI) in April increased by 0.5% over the previous month, a stronger increase than the forecast of 0.3%. Core PPI (excluding volatile food and energy) also rose 0.5% in April versus forecasts of 0.2%. However, March PPI was revised down to -0.1% from a 0.2% increase in the initial report. Although the April PPI report supported those who expected the US Federal Reserve (Fed) to delay interest rate cuts, the sharp downward revision to the March PPI clearly tempered the increase slightly. larger than expected in April PPI. 💥GOLD PLAN 05/15 Support: 2350 - 2342 - 2330 - 2324 - 2316- 2306 Resistance: 2362 - 2372 - 2378 - 2390 - 2400 - 2408 Breakout: Sell 2336 - 2362 SELL price range 2390 - 2392 stop 2396 SELL price range 2376 - 2378 stop 2382 BUY price range 2346 - 2348 stop 2342 BUY price range 2324 - 2322 stop 2318
OANDA:XAUUSD
by TVS-Trader
GOLD The scenario of creating a new peak is very closeRegarding developments and results last week: The international gold market received a lot of economic information from major economies such as the US, China, and Europe. In particular, the US releases producer price index data. (PPI) and consumer price index (CPI) April 2024. Looking at gold's volatility and fluctuation range this week, it is predicted that this precious metal will return to record highs sooner than expected. Conclusion about gold and trend: I am optimistic about gold next week. The USD is losing a bit of value along with Treasury bond yields also falling. Additionally, technically based on tests last month and to date, there are signs of acceptance above the $2400 price point. This opens the door to a possible increase to $2,500. Overall, gold confirmed a trend change above the $2400 level which buyers actively defended on the basis of a bullish wave materializing. It is likely that the market will try to change the trend. At this point, the realization phase will take shape. We await confirmation of a trend change for further strengthening. After gold moved above the EMA21 level it also achieved the target increases noticed by readers in last week's weekly edition at $2,400 and $2,417. Temporarily, gold is limited by resistance at $2,417 but bullish momentum remains strong with the RSI pointing up without reaching the overbought level. Gold's move above $2,417 will continue to push it toward an all-time high in the $2,430 area. Meanwhile, even if gold corrects downward, as long as it remains operating within the trend price channel ©, the short-term outlook is still bullish and price activity above EMA21 gives it more grounds to rise. More prices in the near future. In the coming week, the technical conditions of gold prices lean towards a bullish outlook and notable price levels will be listed as follows. Support: 2,400 – 2,397USD Resistance: 2,417 – 2,430USD
OANDA:XAUUSD
by TVS-Trader
EURUSD analysis week 21📌After strong gains on Wednesday, EUR/USD struggled to maintain upward momentum and closed slightly lower on Thursday. The pair rebounded on Thursday with USD weakness following the news. Unemployment claims announced. Up to now this pair has remained relatively calm, holding around the 1.0870 level. 📌The ECB is weighing the extent of interest rate cuts after the initial cut planned for next month. While inflation is gradually decreasing toward the 2% target, much uncertainty remains. Officials are particularly focused on wage growth, which remains rapid, as well as geopolitical threats such as tensions in the Middle East. 📌The RSI fell on Thursday but remained steady above 60, suggesting the recent pullback may have been a technical correction rather than a trend reversal. 📌EUR/USD still maintains a short-term uptrend. The pair has dropped below 1.0860, but is currently trading well above the 34.89 EMA on the 1H chart at 1.0802. Besides, the recent bullish momentum has brought EUR/USD back above the 34.89 EMA on the daily chart at 1.0799. Compared to recent lows around 1.0600.EUR/USD is currently aiming for the March peak of 1.0980. This is considered an important resistance level. If buyers want to push EUR/USD back up to the psychological level of 1.1000, they will have to overcome this barrier. Trading signals SELL zone 1,093-1,095 SL 1,097 BUY zone 1,081-1,079 SL 1,076
by TVS-Trader
Want to spot a turning point in trend before it happens?Want to spot a turning point in trend before it happens? Use Elliott wave parallel channel This chart shows the GBP/JPY currency pair using monthly candlesticks. The advance from Sep 2011 to June 2015 can be labeled as an impulse wave (A). From that high, the pair declined in three waves labeled as wave (B) of a Zigzag A-B-C correction with an expanding diagonal characteristic in the C wave position. As a rule, in a Zigzag rally, wave B notably terminates above the origin of wave A. When wave (C) advance of a zigzag rally is in operation, we can forecast where wave (C) might end. We can use Elliott wave channel projection by connecting the origin of wave (A) with the end of wave (B) and then drawing a parallel line from the end of wave (A). As a guideline, the resulting channel gives us a potential target for the wave (C) endpoint. Moreover, we can also use ratio analysis to improve the odds. As a guideline, in Zigzag formations, wave (C) commonly ends after traveling the same length as wave (A). Observe this level corresponds with the Elliott wave channel projection. This cluster of evidence hints at wave (C) advance from Mar 2020 is in late stages and that prices are approaching a major top.
Education
by Aquanet_Market_Forecast
17