WKHS Workhorse Group Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WKHS Workhorse Group prior to the earnings report this week,
I would consider purchasing the 0.50usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $0.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Potential reversal stock split announcement soon, in my opinion!
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EURUSD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY .
! Great BUY opportunity EURUSD
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CADJPY BUY | Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity CADJPY
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ETSY Options Ahead of EarningsIf you haven`t sold ETSY before the previous earnings:
Then analyzing the options chain and the chart patterns of ETSY prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2024-2-23,
for a premium of approximately $3.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
XAUUSD : Comment on USD and Gold exchange rate pairsInvestors will be waiting for economic data with a big impact on the US next week: core PCE data - the Fed's favorite inflation measure.
Core PCE is forecast to increase 0.4% in January, pushing the annual figure down from 2.9% to 2.7%. However, traders should not be surprised if these numbers suddenly increase considering previous CPI and PPI figures.
Persistent price pressures in the economy, coupled with solid employment and hot wage growth, could force the Fed to delay easing to the second half of the year. Such a scenario could push interest rate expectations in a more hawkish direction compared to the current situation.
Higher interest rates for longer could push up US government bond yields in the coming weeks - an outcome that could benefit the USD. In this case, the EUR/USD and GBP/USD pairs will have difficulty trending up in the short term. Gold prices may also come under pressure.
Gold rose slightly on Thursday but hit a hurdle at around $2,030. A rally above this level could push the price towards $2,065.
On the other hand, if sentiment reverses and prices start to decline, support appears at $2,005, near the 100-day SMA. After that, the price target will move down to $1,990, followed by $1,995.
Gold prices weakened after hitting an important resistance levelAlthough gold prices increased slightly yesterday, they adjusted back down early this morning.
Gold prices continued to recover during the session on February 20, approaching the resistance level at $2,030. However, this morning the gold price had a slight correction and is currently trading around the construction level of $2,026. Gold's rise is currently being blocked by market expectations that the Fed will continue to keep interest rates unchanged in the near future.
On frame D1, the RSI index rebounded strongly to 50, strengthening the short-term recovery momentum. Immediate resistance is the 21-day MA at $2,023, then the 50-day MA at $2,033. Breaking these resistances will attract more buying pressure, with buyers targeting the February 7 peak at $2,044 and key resistance at $2,050.
On the contrary, if gold prices fall beyond Monday's session low near $2,011, the decline could extend to $2,005 and the 100-day MA at $2,000.
OXY Occidental Petroleum Options Ahead of EarningsIf you haven`t bought OXY before the last run:
Then analyzing the options chain and the chart patterns of OXY Occidental Petroleum prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $2.32.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PENN Entertainment Options Ahead of EarningsIf you haven`t bought PENN before the previous earnings:
Then analyzing the options chain and the chart patterns of PENN Entertainment prior to the earnings report this week,
I would consider purchasing the 25usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.28.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GBPCAD Day Analysis | BUY SetupHello Traders, here is the full analysis.
I think we can soon UP from this range! GOOD LUCK! Great BUY opportunity GBPCAD
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XAUUSD : Extending the decline to the $2,000 thresholdGold fell in price in the first half of the day, rebounding slightly before Wall Street opened but continuing to decline afterward.
XAU/USD trades near a new February low at $2,011.97 despite reduced USD demand.
In the absence of much important data, the focus lies on the speeches of Federal Reserve (Fed) officials. Central bankers continued to point out that inflation still needs to move closer to the 2% target and that they need more data before cutting interest rates.
Fed Board of Governors member Michelle Bowman on Monday said that current interest rates are reasonable, adding that it is too early to consider reducing interest rates. Thomas Barkin and Neel Kashkari will speak soon, but the market does not expect any surprises in their speeches
Meanwhile, positive stock sentiment weighed on precious metals. US indexes traded in the green, with the S&P 500 surpassing 5,000 and hitting a new record high.
The market is now waiting for the US to release the January CPI report on Tuesday, at 0.2% MoM and 3% YoY. The core CPI is forecast at 3.8%, lower than 3.9% in December. Lower-than-estimated data could boost expectations for an interest rate cut in the upcoming meeting.
The daily chart of XAU/USD shows that the precious metal has many opportunities to bounce back. The pair declined from around the 20-day SMA, currently around $2,028. The long-term moving averages remain well below the current price levels. Technical indicators have now crossed below the midpoint and reflect increased selling pressure.
According to the H4 chart, the downtrend is clearer. XAU/USD is below all moving averages and technical indicators continue to decline and remain far from oversold.
Support level:
2,009.10
1,988.90
1,976.50
Resistance level:
2,028.00
2,044.70
2,065.50
F Ford Options Ahead of EarningsIf you haven`t sold F Ford before the previous earnings:
Then analyzing the options chain and the chart patterns of F Ford prior to the earnings report this week,
I would consider purchasing the 12usd strike price at the money Calls with
an expiration date of 2024-2-9,
for a premium of approximately $0.46.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BABA Alibaba Options Ahead of EarningsIf you haven`t exited BABA when SoftBank sold its huge stake in the company:
nor reentered the technical rebound:
Then analyzing the options chain and the chart patterns of BABA Alibaba prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $4.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SBUX Starbucks Corporation Options Ahead of EarningsIf you haven`t bought the dip on SBUX:
Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week,
I would consider purchasing the 96usd strike price Calls with
an expiration date of 2024-2-2,
for a premium of approximately $1.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ABBV AbbVie Options Ahead of EarningsIf you haven`t bought the dip on ABBV:
Then analyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $7.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TMUS T-Mobile US Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TMUS T-Mobile US prior to the earnings report this week,
I would consider purchasing the 165usd strike price at the money Calls with
an expiration date of 2024-2-16,
for a premium of approximately $3.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
USDJPY BUY | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDJPY
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EURGBP BUY | Day Trading AnalysisHello Traders, here is the full analysis.
Watch Potential bullish reversal levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP
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EURCAD BUY | Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURCAD
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XAUUSD : The focus turns to the upcoming US inflation reportDuring the January 8 session, crude oil prices dropped sharply and US government bond yields increased, causing difficulties for world gold prices. However, in the long term, gold has many grounds for a strong increase in price when the market believes that the Fed will almost certainly cut interest rates this year. ISM's latest PMI report showed that the labor market is showing signs of cooling, reinforcing the view that the Fed will have to decide sooner or later on when to cut interest rates. After "plunging" to $2016 yesterday, gold is currently recovering to $2032.
Today, before the US session, gold will likely rotate from 2033 - 2045. We can trade short-term and if after the European session gold breaks through Fibo 0.5 at 2045, gold will likely reach Fibo 0.6.
GBPJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPJPY
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GOLD price analysis strategy todayGold prices begin to fall, Spot gold fell from a high of $2,088 in late December amid a stronger U.S. dollar that took it to Wednesday's low of $2,031, from where it was struggling regain recently lost ground. The mid-December high of $2,048 is currently being tested, a move above this level would target the December 21 high, Friday and Tuesday lows at $2,055 to $2,059.
Support lies at Wednesday's low of $2,031.
XAUUSD: Analyze gold price trends todayGold prices (XAU/USD) struggled to capitalize on modest intraday gains and retreated to the lower end of the day's trading range during the first half of the European session on Wednesday. The US Dollar (USD) attracted some buying activity and traded above a one-week high reached the previous day amid doubts about the Federal Reserve's ability to cut interest rates soon ( Fed). This is underpinned by a further rise in US Treasury yields, which, in turn, is seen as a key factor acting as a headwind for the non-yielding yellow metal.