XAGUSD ( BREKOUT DESCENDING CHANNEL ) ( 4H )XAGUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , after breakout channel and trading below turning level at 27.96.
TURNING LEVEL : the price of this level at 27.96 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach of a resistance level (1) .
RESISTANCE ZONE : this zone between 28.84 and 29.65 , in order to see this zone the price need breaking turning level at 27.96 , breaking this price indicates an increase and reaching the resistance level (1) at 28.84 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 29.65 , after breaking this zone it will be attempt to reach resistance level (3) at 30.82 , selling have already increase in this zone .
SUPPORT ZONE : this zone between 26.68 & 26.07 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 26.68 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 26.07
CORRECTIVE : the price corrective at 27.96 , before dropping .
TARGET LEVEL :
RESISTANCE LEVEL :28.84 , 29.65 , 30.82 .
SUPPORT LEVEL : 26.68 , 26.07 .
Tradingsignals
US30 ( UNDER CPI PRESSURE ) ( 4H )US30
HELLO TRADERS
Yesterday, the Dow Jones experienced a significant rise. Today, due to the release of the U.S. inflation report, the market is expected to show high volatility. From a technical perspective, if the price stabilizes below 39,951, we might see the first and second support levels. However, if it breaks above this level with a close of a 4-hour or 1-hour candle, the price is likely to rise towards the first resistance level.
Tendency , the price is under bearish pressure , until trading below turning level around 39,951
Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 39,951 , leading to rise that could reach the resistance level (1) at 40,668 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 41,049 and 41,410 .
Downward Zone: as long as the price remain below the turning level at 39,951 , it may drop towards the support level (1) at 39,448 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 39,022 and 38,370 .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 39,951 before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 40,668 , 41,049 , 41,410 .
SUPPORT LEVEL : 39,448 , 39,022 , 38,370 .
NAS100USD ( BETWEEN SUPPLY ZONE AND DEMAND ZONE ) ( 4H )NAS100USD
HELLO TRADERS
price of nas100usd trading nearby support trendline , currently price above demand zone and below supply zone , breaking down each of these determine the direction of the market .
Tendency, the price inside sensitive are between supply and demand zone
Upward Zone : until the price trading demand zone at 17,772 , price rising to reach a resistance level (1) at 18,342 , to ensure rise the price should be breaking supply zone by closing 4h candle above it to reach resistance level (2) 18,696 , then to 19,552 .
Downward Zone: as long as the price trading below supply zone , starting to fall to reach support level (1) at17,772 , the by closing 4h or 1h candle below it reach to next level around 17,270 , to confirm decline price must be breaking the demand zone for a support zone between 16,985 and 16,649 .
TARGET LEVEL :
RESISTANCE LEVEL : 18,342 , 19,552 .
SUPPORT LEVEL : 17,772 , 17,270$ , 16,985 ,16,649 ( support zone ) .
XAUUSD ( SENSITIVE AREA BETWEEN TWO TURNING LEVEL ) (4H)XAUUSD
HELLO TRADERS
Yesterday, the price of gold rose significantly .
This is because of the war and chaos in the Middle East , Israeli forces attacked on the strikes on Khan Younis area on the Monday .
currently price between two turning level around 2,474$ and 2,459$ , by breaking each other determine the direction , breaking and stabilizing above 2,474$ rising to reach a 2,486$ then reach a new historical peaks , if the price break through 2,459$ reach a 2,442$ .
Tendency, the price inside sensitive area , generally until trading above 2,442$ indicates gold is under upward pressure .
Upward Zone: As long as the price stays above the turning level (2) at 2,459$, gold is likely to rising towards $2,474. If a 4-hour candle closes above this level , it could push further to 2,486$. Once the price stabilizes above the turning level (1) around 2,474$, we might witness new all-time highs. There could be a significant retest at 2,442$, before the upward movement continues. However, as long as the price remains above this level, there's a strong possibility of reaching the2,495$ area or even higher.
Downward Zone: by breaking turning level (2) around 2,459 $, it suggests a decline towards 2,442$, confirming a downward trend. If the price stabilizes or stays below this level, there is a strong likelihood of reaching the support level (1) around 2,421$ or possibly even lower .
CORRECTIVE : currently price it will be attempt to huge retest to reach a turning level at
2,442$ before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 2,486$ , 2,495$ .
SUPPORT LEVEL : 2,442$, 2,421$ .
Gold price declines from multi-week peakWorld gold charges reduced barely because the USD index increased. Recorded at 9:15 a.m. on August 14, the United States Dollar Index measuring the fluctuation of the dollar with 6 main currencies changed into at 102,427 points (up 0.05%).
Despite the decrease, the valuable metallic remains at a excessive stage earlier than US financial records. The US introduced that the manufacturer charge index (PPI) in July on a every year foundation reduced sharply from 2.7% to 2.2% over the equal length final 12 months.
However, the July PPI index (except for unstable meals and power charges) on a 12 months-on-12 months foundation changed into up 3.3% 12 months-on-12 months, better than June`s 3.2% growth. .
July's middle PPI index on a every year foundation unexpectedly dropped sharply from 3% final month to 2.4%, a great deal decrease than the preceding forecast of 2.7%. The July PPI index on a month-to-month foundation reduced from an growth of 0.2% the preceding month to 0.1%.
Newly launched records is still moderate, with product charges in July withinside the US growing much less than expected. The contemporary troubles keep to reinforce the opportunity of hobby charge cuts on the FED's subsequent principal list.
Gold price analysis August 14Fundamental Analysis
Gold prices attracted some follow-through selling for the second consecutive day on Wednesday and moved further away from the monthly peaks retested earlier this week. A generally positive tone around equity markets dampened demand for the safe-haven precious metal, although geopolitical tensions stemming from ongoing conflicts in the Middle East helped limit losses.
In addition, expectations of further rate cuts by the Federal Reserve, bolstered by signs of continued subdued inflation, acted as a catalyst for non-yielding gold prices. Traders also appeared reluctant to place positive bets, preferring to wait for further cues on the Fed’s policy path. As a result, the market’s focus remained on US consumer inflation data.
Technical Analysis
From a technical perspective, the recent bounce from the 50-day Simple Moving Average (SMA) support and the positive oscillators on the daily chart favor the bullish traders. Therefore, any meaningful decline can still be viewed as a buying opportunity and remains limited. Gold prices appear to be preparing to retest the record high, around the $2,483-2,484 region and target the psychological $2,500 mark. Sustained strength above the latter would mark a fresh breakout through the wider trading range maintained over the past month or so and set the stage for a further near-term upside move.
On the downside, the $2,450-2,448 resistance level now looks to protect the immediate downside, below which gold could slide back to the weekly lows around the $2,424-2,423 region touched on Monday. The next relevant support level is anchored near the $2,412-2,410 region ahead of the $2,400 round-figure mark.
Canh Sell scalp 2485 - 2487, stoploss 2491
Canh Sell 2500 - 2502, stoploss 2506
Canh Buy scalp 2435 - 2433, stoploss 2429
Canh Buy 2426 - 2424, stoploss 2420
Gold Price Analysis August 13Fundamental Analysis
Gold prices are struggling to capitalize on the previous day’s strong gain of more than 1% and attracted some intraday sellers near a retested monthly peak in the Asian session on Tuesday. The decline could be attributed to some repositioning ahead of key US inflation figures and a positive risk-on bias, which tends to dampen demand for the safe-haven precious metal.
However, rising geopolitical tensions in the Middle East and concerns about a broader regional conflict could dampen market optimism. This, coupled with dovish expectations from the Federal Reserve (Fed), which put US Dollar (USD) bulls on the defensive, should provide some support to the lackluster Gold prices. Traders are now looking forward to the US Producer Price Index (PPI) for meaningful momentum.
Technical Analysis
From a technical perspective, the overnight breakout above the $2,448-2,450 horizontal resistance is seen as a fresh impetus for bullish traders. Furthermore, the oscillators on the daily chart have gained positive traction, further suggesting that the path of least resistance for Gold is to the upside. Hence, a further move back to challenge the record high, around the $2,483-2,484 region, looks like a clear possibility. Next up is the psychological $2,500 level, which if decisively cleared would set the stage for an extension of the upward trajectory.
On the downside, the $2,450-2,448 resistance now looks to protect the immediate downside, below which, Gold could slide back to the overnight lows around the $2,424-2,423 region. The next relevant support level is anchored near the $2,412-2,410 zone ahead of the $2,400 round-figure mark.
Pay attention to the support-resistance zone for the best trading strategy.
Resistance: 2469 - 2475 - 2486 - 2492- 2500 - 2508
Support: 2459 - 2446 - 2434 - 2425
Sell 2485 - 2487, Stoploss 2491
Sell 2500 - 2502, Stoploss 2506
Buy 2435 - 2433, Stoploss 2429
Buy 2426 - 2424, Stoploss 2420
EURUSD ( TRADING INSIDE DESCENDING CHANNEL ) ( UNDER CPI ) (4H)EURUSD
HELLO TRADERS
currently of the price trading inside descending channel and stabilizing below turning level , today at 3.30 we have a CPI news that has a huge impact on market movements .
Tendency , the price is under bearish pressure , until trading below turning level around 1.101 .
Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.101 , leading to rise that could reach the resistance level (1) at 1.105 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.109 and 1.113 .
Downward Zone: as long as the price remain below the turning level at 1.094 , it may drop towards the support level (1) at 1.094 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.088 and 1.084 .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.101before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 1.105 ,1.109 , 1.113 .
SUPPORT LEVEL : 1.094 , 1.088 , 1.084 .
EURUSD ( UNDER DOWNWARD PRESSURE ) ( 4H )EURUSD
HELLO TRADERS
in the last week the price of OANDA:EURUSD trading between turning level at 1.094 and support level (1) at 1.088 , currently price stabilizing below turning level this allows them to lower prices for the support level (1) .
Tendency , the price is under bearish pressure , until trading below turning level .
Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.094 , leading to rise that could reach the resistance level (1) 1.099 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.102 and 1.105 .
Downward Zone: as long as the price remain below the turning level at 1.094 , it may drop towards the support level (1) at1.088 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.084 and 1.078 .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.094 before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 1.099 ,1.102 , 1.105 .
SUPPORT LEVEL : 1.088, 1.084 , 1.078 .
USOIL ( BREAKOUT LAST SUPPLY ZONE ) ( 4H )USOIL
HELLO TRADERS
after breakout last supply zone , the price stabilizing up trading , on the Friday price can be breaking supply zone and starting a rising , currently it will be attempt to reach a next supply zone around 78.56 .
Tendency , after price breaking a supply zone , currently price is under upward pressure .
Upward Zone : currently price trying to reach a resistance level (1) at 78.56 , possibly of the price retest a turning level at 76.37 before rising , breaking resistance level (1) with remain this level it continues the upward trend to touch resistance zone between 81.02 and 83.53 .
Downward Zone: by breaking turning level with closing 4h candle below it , the price decline to reach support level (1) 74.76 , after remain below this level we see a downward trend to reach a regions 71.80 and 69.64 .
CORRECTIVE : currently price it will be attempt for retest to reach a turning level at 76.37 before to see upward trend .
TARGET LEVEL :
RESISTANCE LEVEL : 78.56 ,81.02 , 83.53 .
SUPPORT LEVEL : 74.76, 71.80 , 69.64 .
World gold price increased sharply to 2,477 USD/ounceThe price of gold traded on the world market this afternoon, August 13, stood at 2,462.1 USD/ounce, down 11.8 USD/ounce compared to the morning session. Gold futures price was at 2,500.8 USD/ounce, down 8.3 USD/ounce compared to the morning session. Thus, with this morning's trading session, world gold decreased.
Having received support for the gold price trend, some experts believe that the US Federal Reserve (FED) will provide monetary policy at the upcoming meeting, also supporting the price increase forum. of these precious metals. According to CME group's FedWatch interest rate tracking tool, the market is pricing in a 49% chance that the Fed will cut interest rates by 50 basis points next September.
The current gold market goes up and down very quickly, making it difficult for traders to choose a direction in the short term, but experts still expect that gold will increase in price by the end of the year.
US30 Chaos and How to deal with itAs I would have mentioned within the last video I posted I was actually expecting a pullback - well it turned out to be a full on retracement and that forced me to stop trading because the momentum literally went against what I was expecting.
This is to show how we can use probability, timing and momentum to make informed decisions on what trades we should and shouldn't take.
Hope you have a good day today
Look out for the next video I am going to post on GOLD
XRP/USD at a Crossroads: Major Move Imminent!Welcome to another Wolf of Block Street analysis, where we dive into the latest market trends and chart the potential paths ahead!
XRP/USD is at a pivotal juncture, with indicators pointing to a potential significant move in either direction. After years of consolidation, XRP has established strong support at key levels, suggesting that a breakout above recent resistance could trigger a major bullish move. Howewer on the bearish side, XRP is contending with resistance from a downtrend line and declining volume, which eventually could lead to the liq grab to the downside before further upside.
The coming trading sessions will be crucial in determining whether XRP breaks higher or dips lower, making this a critical moment for traders.
Fundamentally, I still believe XRP is the best crypto coin, thanks to Ripple’s extensive work in building a robust payment network and continue their work despite the SEC lawsuit. XRP is faster and more efficient than Bitcoin in every way, offering quicker transaction times and lower fees. An NFT platform is also being built on the XRP-Ledger and we can finally say that Bitcoin and XRP are the only digital assets that have achieved any regulatory clarity!
On that note, thanks for reading!
Make sure to follow me on X for weekly updates: @PuppyNakamoto
XAUUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )XAUUSD
HELLO TRADERS
currently the price of the gold trading inside descending channel , and below turning level at 2,459$ , yesterday the price with open the market rising know could be continues rising to reach a supply zone around 2,459$ .
Tendency, the price inside descending channel and trading below turning level , indicates under down ward pressure .
Upward Zone : in order see increase , should be the price breaking turning level at 2,459$ , to rising and reach resistance level (1) at 2,474$ , by breaking and stabilizing above this level it will be attempt to reach 2,486 $ , then reaching a resistance zone around 2,495$ and 2,510$ .
Downward Zone: until the price trading below supply zone around 2,452$ and 2,459$ , dropping to reach support level (1) around 2,421$ , and after breaking this level by closing 4h candle below it indicates further decline to support zone around 2,406$ and 2,391$.
CORRECTIVE : currently price it will be attempt to huge retest to reach a turning level at 2,459$ before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 2,47$ ,2,486$ , 2,494$ .
SUPPORT LEVEL : 2,421$, 2,406$ , 2,391$ .
XRPUSDT ( BETWEEN TWO TURNING LEVEL ) (4H)XRPUSDT
HELLO TRADERS
price of BINANCE:XRPUSDT inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) .
Tendency, the price inside sensitive are between two turning level around 0.5822 and 0.6184 .
Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 0.61844 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 0.6508 , after by closing 4h candle above it reach a resistance level (2) at 0.6939 .
Downward Zone: by breaking turning level (2) at 0.5822 , the price should be trying to reach support level (1) 0.5595 , after stabilizing below this level could further support to reach of as next level at 0.5144 .
TARGET LEVEL :
RESISTANCE LEVEL : 0.6508 , 0.6939 .
SUPPORT LEVEL : 0.5595 , 0.5144 .
ETHUSD ( SENSITIVE AREA ) ( 4H )ETHUSD
HELLO TRADERS
currently price between two turning level by breaking each level determine the direction , for know the price trading above turning level (2) at 2,412 , remain this level it will be attempt to reach a turning level (1) at 2,527 .
Tendency, the price inside two turning level around ( 2,412 & 2,527) .
Upward Zone : in order see increase , the price need breaking turning level (1) at 2,527 , by closing 4h candle above it , easily to reach a resistance level (1) around 2,812 , remain this level indicates the price trying to reach of a resistance level (2) at 3,114.
Downward Zone: by breaking turning level (2) around 2,412 , the price dropping to reach a support level (1) at 2,209, to confirm downward , gold need breaking support level (1) by open 4h candle below it to reach a support level (2) at 2,046 .
TARGET LEVEL :
RESISTANCE LEVEL : 2,812 , 3,114 .
SUPPORT LEVEL : 2,209 , 2,046 .
USDJPY Scalping SignalBUY USDJPY now 147.200-147.000
↠ Stoploss 146.800
→Take Profit 1 147.500
→Take Profit 2 148.200
Japanese Yen remains tepid as US Dollar advances due to diminished bets of Fed rate cuts
The Japanese Yen declines due to low trading as traders observe the Mountain Day holiday in Japan. The US Dollar receives support due to diminished odds of Fed rate cuts following last week’s upbeat US data. Safe-haven flows may limit the downside of the JPY amid increased geopolitical tensions.
Gold Analysis August 12Fundamental Analysis
Gold (XAU/USD) attracted some dip buying near the $2,424 region on Monday and looked set to extend last week’s decent recovery from the 50-day Simple Moving Average (SMA) support. Investors remain concerned about the possibility of a wider conflict in the Middle East, which is seen as a key driver for the precious metal. In addition, expectations of further rate cuts by the Federal Reserve (Fed) also provided additional support for the non-yielding asset.
However, the intraday rally lacked any bullish sentiment following the generally positive tone around the equity markets, which tended to weigh on the safe-haven bullion. Moreover, a modest appreciation in the US Dollar (USD) continued to limit the upside in XAU/USD. Traders also seem reluctant and prefer to wait on the sidelines ahead of the key US inflation figures - Producer Price Index (PPI) and Consumer Price Index (CPI) on Tuesday and Wednesday.
Technical Analysis
Gold is approaching the resistance point of 2441-2443 and we can set up a SELL signal in this area. GOLD is on an uptrend so we just look at the Scalping signal and look for a nice entry to BUY long term in line with the main trend of the market.
Pay attention to the support and resistance points to have a suitable trading strategy
Breakout upper border: 2434, 2446
Breakout lower border: 2421, 2416, 2400
Resistance: 2432 - 2442 - 2456
Support: 2421 - 2417-2407
SELL price zone 2442 - 2444 stoploss 2446
BUY price zone 2407 - 2405 stoploss 2401
GBPAUD: Pullback From Support 🇬🇧🇦🇺
I think that there is a high chance that GBPAUD will bounce up.
I see a nice confluence between a daily horizontal support
and a support line of a horizontal range on a 4H time frame.
The price may pull back and reach 1.9468
❤️Please, support my work with like, thank you!❤️
Gold prices are likely to stand still this weekWorld gold prices decreased slightly as the USD index increased. Recorded at 11:00 a.m. on August 12, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,302 points (up 0.07%).
After a week without important economic data, the world gold market this week will receive a series of information that can affect the direction of this precious metal in the short term.
Including the number of manufactured products, consumption numbers, retail sales numbers in the US in July and weekly applications for continuous unemployment benefits and the number of US housing starts and construction permits in the US in July. July.
Kitco News' latest Continuous Gold Survey shows most majors expect prices to be flat or up this week, while the majority of retail traders expect the yellow metal to rise.
US30 ( INSIDE SENSITIVE AREA BETWEEN TWO TURNING LEVEL ) ( 1D )US30
HELLO TRADERS
U.S. stocks were higher after the close on Friday, as gains in the Technology, Consumer Services and Telecoms sectors led shares higher.
At the close in NYSE, the Dow Jones Industrial Average gained 0.13% .
currently price inside two turning level in way , breaking each side determine our direction , thus breaking turning level (1) it is mean active up trading ,if the price breaking turning level (2) by close 1d candle or 4h candle below it , indicates to reach support level .
Tendency, the price inside sensitive are between two turning level around 40,031 and 38,509
Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 40,031 , to confirm up trading , the price will be breaking turning level (1) to reach resistance zone around 40,990 and 42,268 .
Downward Zone: by breaking turning level (2) at 38,509 , the price should be trying to reach support level (1) 37,550 , after stabilizing below this level could further support to reach of as next level at 36,235 .
TARGET LEVEL :
RESISTANCE LEVEL : 40,990 , 42,268 .
SUPPORT LEVEL : 37,550 , 36,235 .
GBPUSD analysis week 33Fundamental Analysis
GBP/USD resumed its upward momentum and traded near 1.2750 after an earlier decline. However, as market sentiment remained cautious ahead of the weekend, the pair struggled to gather further upside momentum and is still on track to post weekly losses.
The US Dollar (USD) consolidated in a narrow range, with investors focused on the extent to which the Federal Reserve (Fed) will cut interest rates at its September meeting. Looking ahead, the next trigger for the US Dollar will be the US Consumer Price Index (CPI) data for July, due on Wednesday.
Meanwhile, the Pound will be influenced by the UK Employment data for the three months ending in July and July consumer inflation data, due on Tuesday and Wednesday. Economic data will indicate whether the Bank of England (BoE) will make further rate cuts in September.
Technical Analysis
GBPUSD continues to trade in a wide range with the nearest support resistance in the price range of 1.281 and 1.261. On the H4 timeframe, the EMA 34 is below the EMA 89, indicating that the market structure is tilted to the downside with the lowest retracement around the support zone of 1.262. On the other hand, any daily close above the resistance level of 1.281 and a candle close above both EMAs would confirm a bullish trend with the resistance level of the week at 1.286, which is also the price range before the NFP announcement.
Resistance: 1.281-1.286
Support:1.267-1.262
Trading Signals
SELL GBPUSD zone 1.286-1.288 SL 1.290
BUY GBPUSD zone 1.262-1.260 SL 1.258