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XAUUSD H4 Outlook after USA News!The price of gold experienced a significant oscillation, reaching $1,880 and then dropping to $1,860 after an initial rebound. The Relative Strength Index (RSI) indicates excessive sales, suggesting the need for consolidation before any further declines. Factors such as the potential real estate crisis in China and the risk of a partial US government shutdown favor gold as a safe haven. However, expectations of a restrictive monetary policy by the Federal Reserve limit optimism. The price of gold may continue to decline, with $1,880 representing a strong resistance and a crucial support level at $1,857-$1,858. Despite solid economic data from the United States, political uncertainty suggests caution. Focus on inflation and divisions in the US Congress add uncertainty to the gold market, keeping traders waiting for the Personal Consumption Expenditures (PCE) Price Index data to guide future trading decisions. Additionally, the price is in the 1848 area, which, after breaking a swing low at the 1860 level, appears to be an excellent point to look for possible bullish reversals, although the price could further drop to the 1820 level, where we have an H4 demand zone. In the case of an upward movement, the price could rise to the physiological target of 1900. Let me know what you think, leave a like and comment to support our work. Greetings and have a good evening from Nicola, the CEO of Forex48 Trading Academy.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1
USDJPY Short? BoJ Intervention and US Gov Shutdown RisksOn Monday, the USDJPY dollar hit an 11-month peak, a move triggered by the Federal Reserve's recent signaling of another potential interest rate hike and an intention to maintain higher rates for longer. Then, (counter to expectations) the yen faced pressure when the Bank of Japan, on the preceding Friday, decided to maintain its ultra-low interest rates and its commitment to support the economy until sustainable inflation reaches its 2% target. This decision indicated that the central bank was in no hurry to phase out its extensive stimulus program. Traders had been looking for some kind of hint as to when the BoJ would start to dial back its support. Wishful thinking, I guess. The Japanese yen is currently hovering near the 150 mark, a level some traders consider critical to prompt intervention by Japanese authorities, similar to actions taken last year. But can the USDJPY even reach 150 with a potential US shutdown on the horizon? Starting on October 1, hundreds of thousands of US government workers face furloughs if Congress fails to pass a funding bill. The House is set to reconvene after last week's recess, aiming to continue budget negotiations. If a federal government shutdown occurs, the publication of crucial US economic data, such as employment and inflation report vital for policymakers and traders, will be indefinitely suspended too. So maybe the downside risk is ever-present even without the threat of BoJ intervention? 145.164 is the immediate support that might fall to the bears. 138.312 is the next target, but can a US government shutdown force the price down to this level over one day like an intervention might? Maybe this level is an intermediate term risk rather than short term?
by BlackBull_Markets
FTM Full Analysis For Long-TermHey Guys… How are you today? 👋👋 It's a new day and I want to talk about FTM (Fantom)… ✔️ Before that, I want to remember It's not financial advice. ✔️ I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated. It's my duty to tell you something honestly. But, first, I ask you to Like my analysis, follow me, and Share this analysis with your friends. It will give me more positive energy to publish more analysis. So, thank you for your support. Let's go into details. As you see, we have Three Main support zones. The first one is around 10-11 Cent, the second is between 5-6 Cent and the last one is around 3.5-4.2 Cent. Buying on Shadow will be very exciting. So, I will put my order on 4 Cent. I'm sure the first support will be lost soon. If you check this asset's chart in the weekly frame, you see a Head and shoulder pattern that the neckline is breaking. So, we have to focus on this support and it's very important to us to money management. By the way, there is good news for FTM, if you can buy FTM at the lowest level, this asset will give you a huge profit of more than 50,000% at the end of the Last Bull Market. If you need to analyze in another time frame, for example, 4H or 1H, please send me a message It takes about 4-5 Years. I think you should know the worth of this asset and this huge profit … can you imagine this profit? 🙈 🙈 I want to buy and hold FTM on 3rd support zone and my final target to sell is around 20 USD. I'm sure you are confused right now. But it's ok and there is no problem. Time proves everything. If you have any questions, or if you need to know more details please don't hesitate to contact me. 🙏🙏 Please don’t forget to like 👍, follow ✌️, and share 👌 this analysis with your friends. Also write your comments below, Do you agree with me? do you think we are still on a downtrend? and what is the last target of this downtrend? Thank you so much for your attention and participation 🙏🙏 Wish you the best 🧞‍♀️ Sincerely Yours Ho3ein.mnD
BINANCE:FTMUSDShort
by Sticky-Stock