Investors stay away from goldAs risk appetite increases, investors are shunning gold, which is often seen as a safe haven asset in times of uncertainty.
Earlier, Tim Waterer, market analyst at futures trading firm KCM Trade, said gold still has room to rise to $2,700 an ounce if this week's labor market data could prompt the Fed to cut interest rates by another 0.75 percentage points by year-end.
Meanwhile, Bart Melek, head of commodity strategy at TD Securities, said the Fed is on a loose monetary policy path after cutting interest rates by 50 basis points and signaling that rates could fall to 3% by 2026, which bodes well for gold.
Tradingsignals
Gold Analysis October 1Fundamental Analysis
Wall Street traded mixed as Federal Reserve Chairman Jerome Powell delivered remarks at the 66th NABE Annual Meeting. Powell ruled out a 50 basis point (bps) interest rate cut at any of the central bank’s remaining policy meetings. Powell said there would be two more 25-bps cuts by 2024 if the economy performs as expected.
The greenback, as measured by the US Dollar Index (DXY), rose 0.15% to 100.56, a drag on the non-yielding metal. A light economic calendar in the US saw the Chicago PMI improve for a third straight month but remain in recessionary territory.
Geopolitical tensions remained high after Israel attacked Hezbollah headquarters in Lebanon, killing the group’s leader in the attack. While this warrants further gains for gold, bullion has failed to gain traction, analysts say.
Meanwhile, China’s economy remains sluggish, which has prompted a government response. The People’s Bank of China (PBoC) is implementing additional economic stimulus measures, which has stimulated money flows into the country’s soaring stock market.
Technical Analysis
A short-term bearish channel is in place, as long as gold remains below the 2643 zone, the downtrend is likely to continue and extend to the 2600 round harbor. Watch for price reaction zones for BUY signals in the 2626-2615-2604 zone. In case of a trend break, the uptrend is limited by the immediate resistance zone 2656.
Trading signals
BUY GOLD zone 2626-2624 Stoploss 2625
BUY GOLD zone 2615-2613 Stoploss 2609
BUY GOLD zone 2604-2602 Stoploss 2599
SELL GOLD zone 2656-2658 Stoploss 2671
SELL GOLD zone 2643-2645 Stoploss 2649
Exploring Valkyrie Bitcoin Strategy ETF @BTFExploring the Valkyrie Bitcoin and Ethereum Strategy ETF. Bitcoin ( NASDAQ:BTF ).. strong monthly imbalance in control playing our with BTC cryptocurrency currently attempting to break its all-time high again, with a monthly demand level also in control. Long term investment opportunity. Both Bitcoin and Ethereum are trending upwards and have a significant monthly demand level in control, contributing to the rise of these cryptocurrencies and the
GOLD - at immediate support? holds or not??#GOLD... perfect moved as per our analysis, and now market have one of the most important and immediate supporting area that is 2634 around.
keep close that level because if market hold it then in that case you can expect again bounce form here otherwise not.
don't be lazy here.
good luck
trade wisely
BTCUSD Trend continuation after a correctionThe recent BTCUSDT surge following CZ's release from jail could serve as a catalyst for a continued bullish move. The current market structure shows the formation of higher highs and higher closes, signaling positive momentum. After bouncing off the 53,000 support level, the price has rallied toward current resistance levels. On the daily chart, the price broke and closed above the previous resistance, suggesting a potential trend shift.
This breakout could mark the beginning of a new bullish phase. A pullback is likely, and if the price rejects the support level and holds the upward trendline, further upward movement could be expected
USDJPY - one n only area, what's next??#USDJPY.. perfectly holding out major supporting area of the month n quarter as we told you in our last couple of ideas regarding USDJPY.
Now market is just near to his one of the most important resistance of the week n today.
That is 143.50
Keep close that area because it will be your key level in tomorrow and in overall move.
If market hold it then again drop expected below that otherwise after that level market will leads you towards upside mentioned areas.
Good luck
Trade wisely
MTROUSDT Analysis - What Shall we Expect !!!MEXC:MYROUSDT
MYRO is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 0.13 Stay tuned for more updates, thanks.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
So BULLISH on GOOGLE ! There is a very important price behavior we need to check. I am almost certain that this behavior is the key to an upward movement on the following weeks.
There are several points to consider in order to determine what Google’s next move will be.
EMA CROSS WITH DIVERGENCE: As we can see above, we have an EMA cross with bearish divergence. When there is wide divergence between the two EMAs, it indicates strong movement with momentum.
Now, as we can see, the EMA cross is repeating again but in a bullish direction, and we are just starting to see divergence between the two, adding to the fact that the price has already broken the bearish channel with great force, followed by an indecisive Stacked Candle Channel.
CHANNEL BREAKOUT AND MOMENTUM: The price, after breaking our channel with great strength and in a bullish direction, showed decisiveness. However, right now, it is trapped in a "Stacked Candle Channel," (SCC) which is an indecisive channel where candles are clustered together and of almost the same size. This can also be seen as a pattern that the price sets before making a decision.
The question is: What decision will it make, bullish or bearish?
EARNINGS REPORT: The earnings report is fundamental for companies to inform investors of any changes in their balance sheet that have been reflected. In this case, Google is a company with one of the strongest and most solid balance sheets on the NYSE. Google’s last two reports were extraordinary, and I have no doubt that Google will deliver a good report on October 22nd. But as the price approaches the report date, many will take positions, and we could conclude that Google will have a bull run until the 22nd. From there, it will depend on the report to make a leap toward the 180-190 range.
Let's see what happens!
Thank you for supporting my analysis, and I send you my best regards.
KOG's RED BOXES - GBPUSD
GBPUSD – 4H
1.3144 break above for 1.35080
1.33263 break below for 1.32153
Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
CAD | CHF - Possible corrective phaseCAD | CHF primarily bullish for a while on HTF, although there is a potential FLIP control of SELLERS. On the other hand, if the price fails to stay above 0.62000, sellers may regain control, bringing the pair back down towards crucial support levels at 0.614000 and 0.61000. A breakdown below these levels would negate the optimistic prognosis for the future.
NOTE:
- this is just solely based on my knowledge and Technical Analysis.
ETHUSDT Reclaims 200 EMA: Eyes on $2500-$2600 Resistance!Ethereum (ETH) has successfully risen above the 200 EMA on the 4 hour Chart for the first time since July. signaling a potential bullish reversal. This critical indicator often marks a shift in market sentiment, and ETH's current price action suggests we could see significant upward movement.
Currently, ETH is facing a key resistance zone between $2500 and $2600. A breakout above this level could unleash further bullish momentum, with the next target to watch being $3000, which could be within reach as momentum builds. As we monitor this potential breakout, it's important to keep an eye on volume and momentum for confirmation, as a strong push through resistance will strengthen the bullish case.
Always keep stop loss!!
BANKNIFTY Short Setup after 2700+ Long Trade on RisologicalBANKNIFTY Short Setup after 2700+ Long Trade on Risological
So, finally we see a reversal on Banknifty after a massive rally of 3000+ points out of which we were able to catch about 2750+ points.
The chart looks bearish on 15m time frame and I took a small short, just a bit concerned about any potential sideway move.
Have a look at the chart Ive shared to get the entry, stoploss and profit targets of this BankNifty short trade.
Best regards!
Namaste!
Gold Price Analysis September 27Fundamental Analysis
Gold (XAU/USD) attracted some sellers over the weekend and fell further from its all-time high, around the $2,685-$2,686 region hit on Thursday. The decline was financed by some buying of the US Dollar (USD), which tends to weaken demand for the commodity. In addition, the bullish market mood, fueled by China’s new stimulus measures, turned out to be another factor driving outflows from the safe-haven precious metal.
That said, expectations of a more aggressive easing policy from the Federal Reserve (Fed) kept the USD confined to a familiar range that has been maintained for about two weeks and within striking distance of the YTD low set last week. This, coupled with the risk of further escalation of geopolitical tensions in the Middle East, should limit losses for Gold. Traders may also prefer to wait for the release of the US Personal Consumption Expenditures (PCE) Price Index.
Technical Analysis
Currently, the trading range of gold is very wide. and Gold can make an ATH at any time during this period. The lower border area is focused on ports 2650 and 2640. The upper area of ATH is focused on the round ports 2690 and 2700. If gold holds above the 2662 hook until the middle of the US session, we can still set up buy orders in this area to the upper resistance areas, and if it breaks 2662, wait for retest and sell to 2650-2640
BUY XAUUSD 2651-2649 Stoploss 2646
BUY XAUUSD 2641-2639 Stoploss 2636
SELL XAUUSD 2688-2690 Stoploss 2693
SELL XAUUSD 2699-2701 Stoploss 2704
Micron Technology - The perfect chart!NASDAQ:MU is one of these stocks, which just respects every level, cycle and structure.
If I would give each chart an individual rating, the chart of Micron Technology would be 10 out of 10. Micron Technology is actually respecting every structure level and providing textbook trading opportunities. If we get a retest of the previous all time high, which is now turned support and perfectly lining up with the support of the rising channel, I will certainly look for longs.
Levels to watch: $90
Keep your long term vision,
Philip - BasicTrading
Gold price analysis US session September 26Fundamental Analysis
Gold prices struggled to find a solid intraday direction on Thursday, hovering below the all-time highs reached the previous day. Bets on another aggressive rate cut by the US Federal Reserve (Fed) failed to help the US Dollar (USD) capitalize on the previous day’s solid recovery from its YTD lows and support the non-yielding yellow metal. In addition, rising tensions in the Middle East and concerns over China’s economic recovery, despite the latest stimulus plans, acted as a catalyst for the safe-haven precious metal.
However, bullish traders appeared reluctant to press ahead, preferring to wait for further signals on the Fed’s rate cut path before placing fresh bets on Gold prices. Therefore, the focus will remain on the speeches of influential FOMC members, including Fed Chairman Jerome Powell, which will play an important role in influencing the USD price dynamics in the short term. In addition, US macro data - the final Q2 GDP report, Weekly Initial Jobless Claims and Ordinary Durable Goods Orders - will contribute to creating short-term trading opportunities around XAU/USD.
Technical Analysis
The 2689-2691 zone becomes an important resistance zone today to prevent gold from sliding further. we are waiting for SELL signal in that area and retracement of gold price will be expected at 2660 and support level 2640
SELL GOLD 2689-2691 Stoploss 2694
BUY GOLD 2640-2638 Stoploss 2635
BUY GOLD 2660-2658 Stoploss 2655
GOLD - at immediate support? Holds or not??#GOLD... perfect moved as per our perveious analysis and now again market have one of the most important region and immediate supporting area that is 2651 to 2654
Keep close that region because if market hold it in that case you can expect a buying scnerio again otherwise cut n reverse keep in hand below 2651.
Good luck
Trade wisely
USOIL / TRADNING ABOVE SUPPORT LEVEL AT 67.19 - 4H USOIL / 4H TIME FRAME
HELLO TRADERS
Price Decline of 7.16%: The analysis suggests that there has already been a price drop of 7.16%. This could be the starting point for further analysis or an event that has already occurred.
Breaking and Stabilizing Below 67.19: The level 67.19 seems to be a significant support or resistance point. If prices break below 67.19 and stabilize, it indicates a bearish trend. This might suggest that further declines are likely.
Further Decline of 9.71%: Should the price fall and stabilize below 67.19, the analysis anticipates an additional 9.71% decline.
Current Trading Above 67.19: Presently, prices are still above the 67.19 level, signaling that the market has not yet broken this key point.
Expected Increase of 10.36% : The text predicts an upward movement of 10.36%, potentially implying bullish momentum if the price continues to hold above 67.19.
Possibility of Further Increase: There’s a suggestion that the price could rise even more beyond the 10.36% increase if current trends hold.
Technical Analysis:
Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 67.19, the bullish momentum is expected to continue.
Upward Condition:
- Target 1: If the price trades above 67.19, it's expected to rise to 71.51.
- Target 2: If the price stabilizes above 71.51, the next target is 72.16.
Downward Condition:
- If the price falls below 67.19 , it suggests a potential decline:
- Target 1: A decline to 65.34.
- Target 2: If it breaks below 65.34, further decline is expected to 63.93.
XAUUSD / TENTIONS MIDDLE EAST - 4HXAUUSD/ 4H TIME FRAME
HELLO TRADERS
Current Trend:
- Prices have risen by 2.21% and reached a target.
- Prices are now trading below $2,670.
Short-Term Outlook:
- There is an expectation of a 2.00% decline.
- For the downtrend to be confirmed, gold prices need to break below $2,600.
Further Decline Potential:
- If prices stabilize below $2,600, a further decline of 5.20% is anticipated.
Reversal Possibility:
- However, if prices stabilize above $2,615, a rise of 3.25% is expected.
Technical Analysis:
Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 2,615$, the bullish momentum is expected to continue.
Upward Condition:
- Target 1: If the price trades above 2,650$, it's expected to rise to 2,670$.
- Target 2: If the price stabilizes above 2,670$, the next target is 2,700$.
Downward Condition:
- If the price falls below 2,650$ , it suggests a potential decline:
- Target 1: A decline to 2,637$.
- Target 2: If it breaks below 2,637$, further decline is expected to 2,615$.
BITCOIN Preparing for a Major Move – Key Levels to WatchBitcoin is approaching a critical juncture with potential for a significant breakout or a sharp rejection. Key levels to monitor are the FWB:67K - $68K zone. Here's the game plan:
If Bitcoin breaks through the FWB:67K - $68K resistance, we could be looking at a continuation towards a new all-time high.
If Bitcoin faces strong rejection at this level, it could trigger a major downside move. A breakdown could lead us to $44K - FWB:42K in the coming days or weeks.
Stay vigilant and ready to capitalize on either scenario. Be sure to manage risk and avoid missing out on these potential moves!
Follow me for more premium ideas.
Gold Price Analysis September 25Fundamental Analysis
Gold rose to a fresh record high of $2,670 an ounce on Wednesday after a surprise drop in U.S. consumer confidence data on Tuesday raised expectations of more aggressive policy easing and deeper interest rate cuts from the Federal Reserve.
Lower interest rates are good for gold because they reduce the opportunity cost of holding non-interest-bearing assets, making it more attractive to investors.
The People's Bank of China's biggest stimulus move since the Covid pandemic announced on Tuesday, which included steep cuts in borrowing costs as part of a package of measures to revive the slumping economy, also supported gold prices.
Escalating tensions in the Middle East after Israel resumed bombing Hezbollah targets in Lebanon further boosted safe-haven flows into the yellow metal.
Technical Analysis
Gold is sideways in a narrow range and waiting for clear buying and selling forces at the support level of 2650 to see how the price reacts when the US session enters. If it cannot break through 2650, a new ATH can be established today. Pay attention to the resistance zones at the top of 2670-2680 and see the price reaction in this zone to SELL. Important support is at the 2640 zone
Trading signals
BUY GOLD zone 2650 SL 2645
BUY GOLD zone 2640 SL 2635
SELL GOLD zone 2670 SL 2675
SELL GOLD zone 2680 SL 2685