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Gold price analysis November 7Fundamental Analysis Gold (XAU/USD) extended losses for a second straight session on Thursday. The dollar-denominated precious metal faced downward pressure from a stronger US dollar (USD) following former President Donald Trump’s victory in the US election. Gold prices are under pressure as safe-haven flows ease amid market optimism and the “Trump trade”. The move was driven by the apparent victory of the president, while the market had previously anticipated a controversial outcome. The US Federal Reserve’s (Fed) policy decision will be in focus on Thursday. Markets expect a modest 25 basis point rate cut this week. This could be supportive for Gold as lower interest rates reduce the opportunity cost of holding non-yielding assets. The CME FedWatch tool shows a 98.1% chance that the Fed will cut interest rates by 0.25 percentage points in November. Technical Analysis After yesterday's sharp decline, Gold is being adjusted slightly higher at the beginning of today's Asian trading session. Pay attention to the 2677 port area for SELL strategies in the Asian and European sessions. The 2625 and 2603 support areas become key support levels and also become TP zones for SELL signals. The psychological port breakout zone of 2700 becomes an important resistance zone at the moment when Gold prices have some retests.
OANDA:XAUUSD
by TVS-Trader
2
XAUUSD: Watch for a Sharp Decline Soon!XAUUSD MARKET ANALYSIS Today, we are focusing on key intraday levels that could influence trading decisions: Support Level: 2734-30 Resistance Level: 2748-50 Upcoming Market Events: This Friday, we have the highly anticipated Non-Farm Payroll (NFP) report, which historically tends to create significant volatility in the market. The data released can lead to quick price movements, offering potential trading opportunities. Monitor Price Action: If the price approaches the support level (2734-30) and holds, it may provide a buying opportunity, signaling potential upward momentum. Conversely, if the price breaks through the resistance level (2748-50), it could indicate a bullish trend, suggesting traders might consider entering long positions. Consider Market Sentiment: Pay attention to pre-NFP sentiment in the market. A strong jobs report could lead to a rally, while a weaker report might trigger a sell-off. Adjust your strategies accordingly. If you find this analysis valuable, please like the idea. Your support motivates us to continue providing high-quality content!
OANDA:XAUUSDLong
by bluechipfx
USDCAD Sell Short (Final)I have been analyzing USDCAD for a while now and I believe this is the time for a double top to be formed and that M formation shall be taking place like the previous W pattern USDCAD has built up. As seen in the chart, USDCAD touched for a double bottom at 1.34213 which I predict that we shall be lead to that level again. USDCAD has far too long rallied and we should all be shorting this very top to make all our profits again. Rinse, repeat, and learn from these lessons in trading. I also wanted point out that in our analysis we have highlighted where previous support and resistances have broke out and lead to new higher highs and now lower lows when we come back down from this entry at 1.38973 I hope you all enjoyed our analysis! We also have included TP and SL in the chart and please follow our page for more signals like these! If you have any questions about this trade please send me a direct message and I will respond swiftly. Thanks for stopping by!
Short
by KingTraderFX
3
Mastering the "IF-THEN" Mindset: The Key to Stress-Free TradingIn this video, I’ll share how using IF-THEN statements helps me stay balanced in my trading. It’s simple: IF the price does this, THEN I’ll do that. Having a plan like this keeps me from getting caught up in emotions and helps me react to what’s actually happening in the market – not what I wish would happen. This mindset keeps things smooth, makes trade management easier, and keeps me consistent. It’s all about staying ready for whatever the market throws your way. If this vibe clicks with you, drop a comment, like, or follow – I’ve got plenty more insights to share! Mindbloome Trading Trade What You See
Education
by Mindbloome-Trading
EUR/JPY: Tight range when other EUR-pairs are weak. HmmmDo you trade A) Before the breakout for a better price OR B) After the breakout for confirmation ? We usually prefer B) But it helps to think through some scenarios that could happen beforehand Looking at EUR/JPY - see how it is trading in a tight range? Well other EUR pairs like EUR/USD have been falling. That shows relative strength . Or put another way - the yen is relatively weak. The price could just break straight to the topside - or it could first try to break lower in a fakeout - before breaking to the topisde. If the latter does happen - it will be one of those occations we could trade before the =breakout ;) What do you think happens? Maybe the trend turns lower - and neither scenario above is right - could easily be.
Short
by jasperlawler
GBPJPY Sell Trade Activated Oct 10 2024Supply Zone introduced since October 4 2024: this is just a continuation of analysis in gbpjpy using daily supply, 4h supply and 1H supply. Sell limit was activated during Asian session. Aiming for 4:1RR. This was a product of multi-timeframe analysis including lower timeframes. Always looking for validity and not market execution trading. Intraday may look liked difficult but getting used to charts within 600hrs of discipline will give you an EDGE. #supplyanddemand #proprietarytrader.
Short
by glyrad
Gold price analysis October 9Fundamental Analysis Gold prices fell sharply on Tuesday following a strong US jobs report and news reports that Hezbollah backed calls for a ceasefire in the conflict between it and Israel. As a result, hints of a possible de-escalation of the Middle East conflict opened the door for traders to take profits. XAU/USD traded at $2,615, down more than 1%. This prompted a sell-off in XAU/USD, which fell more than $35 to an intraday low of $2,604 before buyers took it to the current spot price. Additionally, rising US Treasury yields weighed on the non-yielding metal. The benchmark US 10-year yield remained unchanged above 4%, but has risen more than six basis points this week following last Friday's September Non-Farm Payrolls (NFP) report. Against this backdrop, interest rate traders have adjusted their expectations for the next move by the Federal Reserve (Fed). Most Fed speakers have been gradual in their tone toward easing monetary policy. However, some, like St. Louis Fed President Alberto Musalem, only expect one more cut by year-end after backing a 50 bps cut in September. Technical Analysis The Asian session range that we are paying attention to is around 2603 and 2627. The bottom support zone that the US session touched last night is also known as session support. The resistance zone is a breakout retest zone that the market respects. The upper range converges with the 34 EMA for a good trading plan in the Asian session. In the US session, the price range is wider with the price zone of interest around 2592 and the resistance of 2648 is considered a key price zone to hold the price from long declines.
OANDA:XAUUSD
by TVS-Trader
Gold Price Analysis October 4Fundamental Analysis Gold (XAU/USD) attracted some buyers on Friday and rose to $2,668, or the top of its weekly range heading into the European session. The US dollar (USD) eased slightly from a one-month high hit on Thursday and now appears to have stalled this week’s decent recovery from its lowest since July 2023. This, coupled with geopolitical risks stemming from ongoing conflicts in the Middle East, turned out to be the main factors driving some haven flows into the precious metal. That said, the diminishing likelihood of a more aggressive Federal Reserve (Fed) easing policy should help limit any meaningful decline in the USD and limit upside for non-yielding Gold. Traders may also prefer to wait for the closely watched US monthly employment data release before positioning for the next leg of a directional move. However, XAU/USD remains close to the all-time highs reached last week and the fundamental backdrop appears to be tilted heavily towards bullish traders. Technical Analysis Gold has responded to technical support on the trendline and is likely to trade within a narrow range pending NFP. 2671 and 2643 remain key areas to watch before price moves towards today’s SELL entry around 2678-2680 and BUY entry around 2635 and 2633. Now if price fails to break the key area like 2670 before mid-European session, we may sell ahead of the NF news and try to hold the position to the support areas.
OANDA:XAUUSD
by TVS-Trader
2
GBPUSD Sept 25 2024 BUY TRADE ACTIVATEDAs we gain momentum here in gbpusd, I'm only looking for buy trade even though its giving retracements. higher timeframe will always be my bias. If you check DAILY--->4H ---> 1H you can see HH,HL,HH,HL market structure. The only way for you to go with the move is to look for point of interests. this trade was activated using buy limit in mt4. I saw BOS in both 30min and 15min TF. After this, I look for my POI which is the IMB or OB. Set my pending buy limit order aiming for 5:1RR. Patience and clear mind will always be the key to this business. #smart #proptrader #algorithm
Long
by glyrad
1
Gold price analysis September 24Fundamental Analysis Gold prices fell after hitting a fresh all-time high around the $2,640 region on Tuesday and slid to the lower end of its daily range heading into the European session. Rising US Treasury yields helped revive demand for the US Dollar (USD), prompting some profit-taking around the commodity amid a mildly overbought condition on the daily chart. However, any meaningful corrective decline in Gold prices appears to be limited after the Federal Reserve (Fed) stepped up bets on more aggressive policy easing. Additionally, persistent geopolitical risks, US political uncertainty and a gloomy global economic outlook will support the safe-haven XAU/USD as traders look to Fed Governor Michelle Bowman’s speech for fresh impetus. Technical Analysis Gold retreats from the 2640 peak. Technically, wave 5 of the Elliot wave has completed and the ABC correction wave is forming towards 2604. If the 2624 zone where gold is currently located is broken, we will get the 2603 level when the US session jumps in. If the European session price cannot break 2625, we will still wait and prioritize the sell side when retesting the 2640 peak. The 2593-2595 zone is considered a good buy zone. Upper resistance: 2640 - 2645 - 2650 - 2658 Support: 2615 - 2610 - 2605 - 2600 - 2688 - 2657 Sell 2654 - 2656. Stoploss 2659 Sell 2640-2642. Stoploss 2445 Canh BUY scalp 2615 Canh BUY 2604 - 2606. Stoploss 2600 Canh BUY 2593-2595. Stoploss 2590
OANDA:XAUUSD
by TVS-Trader
2
XAUUSD Flag Breakout Mastery – 100 Pips in Just Hours!You executed a fantastic trade on XAUUSD, capturing a solid 100 pips in 3.5 hours. However, there were additional techniques you could have employed to potentially capture more of the overall move: Higher Time Frame Confluence: Ensuring the overall trend aligns with the smaller time frame breakout can give you confidence to hold for bigger moves. Trailing Stop Strategy: This could have helped you lock in profits while giving the trade room to continue further. Recognizing Momentum: The impulsive nature of the move post-breakout was an indication to hold the trade longer. Momentum trading often provides an opportunity for a bigger run. Extended Targets: using Fibonacci extensions could have encouraged you to hold for additional profit. Complete Trade Walkthrough 1. Entry Analysis: Pattern Recognition & Confluence: Descending Flag (Bullish): You identified and entered at the top of a descending flag, which is a continuation pattern in a bullish market. The breakout from this flag confirmed the upward momentum, making this a high-probability trade. Confluence Factors: Breakout Confirmation: Price broke through the descending resistance line, signaling a continuation of the bullish trend. Support Zone: The prior lows acted as strong support, providing additional confidence that the price would move higher after the breakout. This was an excellent, well-timed entry based on price structure. You entered right as the market broke out of the flag, aligning with a momentum-based strategy. 2. Price Action (PA) Analysis: Impulse and Correction Structure: Impulse Move: After the breakout, price made an impulsive leg upwards, which you capitalized on. This impulsive move is common following a flag pattern breakout, and the price shot up quickly, reflecting a strong buying pressure. Correction: You entered just before the impulsive leg, after a period of corrective consolidation, which validated your timing. Once price pushed up, there was a brief consolidation before continuing the uptrend. Momentum Continuation: Price made higher highs after your exit, indicating that momentum was still intact. The price action displayed clear continuation signals following the breakout, suggesting that the market was still trending upwards. 3. Trade Management: Time in the Trade: You were in this trade for 3.5 hours, which aligns with the short-term nature of this flag breakout. However, the trade ran further, reaching up to 350 pips. Profit Targeting: Initial Take Profit (100 pips): You wisely took 100 pips as price approached a prior high. However, the fact that price continued upwards suggests that you might have captured more pips using alternative techniques. Exit Consideration: 100 Pips Exit: While exiting at a previous high is logical, the lack of signs of reversal (e.g., no strong bearish candles or rejection at key resistance levels) indicated there was still room for the move to extend. The price continuing upward shows that the bullish momentum was strong, and you could have held on for a larger move. Stop-Loss Placement: You didn’t mention your stop-loss, but if you placed it below the structure of the flag (and adjusted it accordingly), this would have allowed you to reduce risk and hold for a longer run. 4. Potential Improvements: Higher Time Frame Analysis (HTF Confluence): HTF Context: Had you zoomed out to a higher time frame (1H or 4H), you may have seen that the breakout was part of a larger bullish trend, indicating there was potential for the move to continue beyond the 100-pip target. Price Momentum: The momentum post-breakout on smaller time frames was strong. Checking the HTF would have given more confidence that this wasn’t just a short-term spike, but rather part of a more significant trend​​. Trailing Stop Strategy: Trailing Stops: Once your trade was 100 pips in profit, instead of closing the position entirely, you could have moved your stop-loss up to lock in some profits. This way, you could ride the larger move while managing risk. Example: After 100 pips, trail your stop just below the previous consolidation or a key structure (e.g., 50 pips back), allowing the trade to breathe and move further in your favor​​. Extended Profit Targeting: Fibonacci Extensions: By using Fibonacci extensions, you could have projected extended profit targets beyond the initial 100 pips. Typically, a flag breakout can lead to an impulse equal to the size of the flagpole, offering more opportunities to scale out of the trade gradually.
OANDA:XAUUSD
by Adlercon333
Gold price analysis September 17Fundamental Analysis Gold prices steadied at $2,580 on Tuesday, ahead of potentially market-moving US data later in the day and a Federal Reserve (Fed) meeting on Wednesday. Gold surges as Fed rate cut expectations rise Gold prices surged to an all-time high (ATH) of $2,589 on Monday after market bets that the Fed will cut interest rates by a further 0.50% at its meeting on Wednesday surged, according to market-based gauges. Expectations of a Fed rate cut are positive for Gold as it reduces the opportunity cost of holding the yellow metal, a non-interest-paying asset, thus making it more attractive to investors. On the other hand, if the Retail Sales misses expectations, this will add to speculation of a half percent cut on Wednesday and positively impact Gold, which could rise to a new high. Technical Analysis Gold prices are close to the all-time high resistance around 2589 combined with important US news released. The scenario for US gold when Gold prices break the all-time high we will BUY fomo. and on the other hand when Gold prices correct, pay attention to the 2560 and 2545 zones for long-term BUY. Breakout upper: 2591 - 2603 Upper resistance: 2578- 2590 - 2600 - 2605 - 2615 - 2626 - 2645 Breakout lower: 2570 - 2564 - 2538 Support: 2572 - 2565 - 2552 - 2545 - 2539 - 2525 - 2516 SELL zone 2600 Stoploss 2606 SELL zone 2610 Stoploss 2615 BUY 2555 - 2553. Stoploss 2550 BUY 2545 - 2547. Stoploss 2541
OANDA:XAUUSD
by TVS-Trader
EURUSD - Technical Analysis [Short Setup]🔹 EURUSD Analysis on 1HR chart - The current Trend is BULLISH - there is Bearish divergences -Rising Wedge reversal pattern is form 🔹 Trade Plan - Entry Level = 0.67295 - Stop Loss = 1.11500 - TP1 = 1.11030 - TP2 = 1.10790 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Short
by Bountysoul
2
EURUSD Analysis Week 38🌐Fundamental Analysis EUR/USD returned to the 1.1100 level on Friday, before market forces once again weighed on the Euro and sent Fiber back to its opening price. The pair failed to make a near-term technical recovery as traders turned their attention to the Federal Reserve’s upcoming interest rate call next week. The European Central Bank (ECB) cut its benchmark interest rate, the deposit facility, by 25 basis points (bps) to 3.5% as expected. The ECB also cut the rate on its marginal lending facility and main refinancing operations by 60 bps. In her post-meeting press conference, ECB President Christine Lagarde refrained from hinting at the timing of the next rate cut. While the ECB event failed to boost the Euro, renewed selling pressure around the US Dollar (USD) helped the EUR/USD pair gain. On an annual basis, the US Producer Price Index (PPI) rose 1.7% in August, down from 2.1% in July and below market expectations of 1.8%. The probability of the Federal Reserve cutting interest rates by 50 basis points in September rose above 40% following the data, according to CME's FedWatch Tool, triggering a sell-off in the USD. 🕯Technical Analysis After peaking around 1.110, a short-term downtrend channel has formed, the support of the downtrend channel remains at around 1.099 and 1.093. These two key support levels will keep the pair stable in the trend. On the other hand, if this short-term downtrend is broken, the 1.115 area will be a key resistance before looking to last month's high around 1.119. 📈📉Trading Signals SELL EURUSD zone 1.114-1.116 Stoploss 1.118 BUY EURUSD zone 1.099-1.097 Stoploss 1.095
by TVS-Trader
Positional Trade Strategy for ICRA Ltd: Entry Point: Enter the trade around the current price level of 6,446 INR or on a slight pullback towards the breakout level near 6,400 INR. Stop Loss: Set a stop loss below the breakout zone to manage risk in case of a false breakout. A suitable stop loss could be around 6,200 INR, considering the previous support level just below the breakout point. Target Price: First Target: 6,800 INR - This is a conservative target based on the breakout strength and the stock's previous price action. Second Target: 7,000 INR - A more aggressive target, taking into account the stock's potential to continue the uptrend with momentum from the breakout. Time Horizon: Since this is a positional trade, the holding period could range from a few weeks to a couple of months, depending on how the price action develops. Volume Confirmation: The breakout has occurred with decent volume, which is a positive sign. Continue to monitor volume levels; rising volumes on upward moves would confirm the breakout strength. Risk Management: Use an appropriate position size based on your risk tolerance, considering the defined stop loss level. Additional Considerations: Keep an eye on broader market conditions and any specific news related to ICRA Ltd, as these can impact the stock's performance. Watch for any retests of the breakout level, which can offer additional entry points if the breakout holds. This strategy is based on the technical analysis of the breakout pattern shown in the chart. Adjustments should be made according to your risk management and investment objectives.
NSE:ICRALong
by RajputAmarjit
Gold Analysis September 9☘️Fundamental Analysis Gold prices witnessed an intraday reversal from an all-time high and fell below the psychological $2,500 level after the release of key US monthly employment data on Friday. The mixed US employment report reduced the chances of the Federal Reserve (Fed) cutting interest rates by 50 basis points, which prompted some cover in the US dollar (USD) prices and weighed on the precious metal. That said, concerns about a US recession dampened investors’ appetite for riskier assets and acted as a driver for safe-haven Gold prices. Additionally, the lack of progress in ceasefire talks between Israel and Hamas became another factor supporting XAU/USD during the Asian session on Monday. This warrants caution for bearish traders amid the prospect of an impending Fed rate cut cycle. ☘️Technical Analysis Gold is below the 2500 round port level, in fact this port area is no longer strong enough to push gold prices lower. The area of ​​interest in today's European session is around the 2507 Fibonacci 0.5 retracement zone and the 2512 Fibonacci final extension zone. These are two areas of interest for a SELL plan. When 2512 is broken, the downtrend on Friday is reversed. The main candle h4 is broken and ATH comes early this week, the expected level is 255x. The 2331 area is no longer valuable when gold pushes up. In the opposite direction, the 2470-2460 2433 area plays an important support role. 🌸Trading signal SELL zone 2505 - 2507 Stoploss 2511 BUY zone 2484 - 2482 Stoploss 2479 BUY zone 2473 - 2471. Stoploss 2467
OANDA:XAUUSD
by TVS-Trader