Gold benefits after FOMC announcement☘️Fundamental analysis
Gold prices hovered around the $2,450 region on Thursday and are currently trading just below a two-week high. Traders were bullish amid the prospect of the Federal Reserve (Fed) rate-cutting cycle coming to a head, underpinning the yellow metal without yield.
Bets were reaffirmed by the Fed’s relatively dovish outlook on Wednesday, which sent US Treasury yields to multi-month lows and boosted the US Dollar (USD). Geopolitical tensions in the Middle East also added to the upside. Positive Outlook for Safe-haven Gold That said, the risk-on tone is generally seen as a drag and cap on XAU/USD.
☘️Technical Analysis
From a technical perspective, the breakout above the 2430 resistance last night has officially put gold in the bullish phase of wave 3 of the Elliot Wave pattern. Furthermore, if there is a move above 2450, a return to the old highs is not far away. Hence, some further strength towards the next relevant hurdle near the $2,468-2,469 region, en route to $2,483-2,484.
On the other hand, today’s Asian low, around the $2,437 region, now seems to protect the immediate downside ahead of the $2,432 region. Any further declines can now be viewed as buying opportunities and remain capped near the resistance breakout point of $2,413-2,412.
The RSI is in the overbought zone, indicating that buying interest is still high and the possibility of a push higher for gold remains in favor. The bullish channel is still holding strong with major support around 2422. The two EMAs are expanding with EMA 34 above EMA 89. Overall the market is still in a strong uptrend and we will wait for recovery points to BUY.
Resistance: 2452 - 2459 - 2464 - 2475
Support: 2433 - 2425 - 2420 - 2412
SELL zone 2472 - 2474 stoploss 2478
BUY zone 2433 - 2431 stoploss 2427
BUY zone 2422 - 2420 stoploss 2416
Tradingsignals
EURUSD Trading signalsBUY EURUSD now zone 1.08300-1.08100
↠ Stoploss 1.07900
→ Take Profit 1 1.08600
→ Take Profit 2 1.09300
EURUSD pair price is at the upper boundary of the price range.
After some CPI data released, the pair has a tendency to break the resistance level and close the m30 candle above the trendline resistance area.
The pair is still creating Dow to break out of the price range and form a short-term uptrend.
Find the bottom of AUDUSDThe Australian Dollar trades around 0.6500 on Wednesday. The daily chart analysis shows that the AUD/USD pair has broken below a descending channel. The 14-day Relative Strength Index (RSI) is hovering near the oversold 30 level, indicating a potential upward correction soon.
Immediate support for the AUD/USD pair is around the throwback support around the 0.6470 level.
On the upside, key resistance is around the “throwback support turned resistance” at 0.6575, aligned with the nine-day Exponential Moving Average (EMA) at 0.6581. A break above this level could lead the AUD/USD pair to test the psychological level of 0.6600, with a potential aim for a six-month high of 0.6798.
BUY NZDUSD zone 0.59100-0.58900
↠ Stoploss 0.58700
→ Take Profit 1 0.59400
→ Take Profit 2 0.60100
ETH ForecastTrend Channels and Correction: There are two distinct descending trend channels visible on the chart. Currently, the price is near the lower boundary of these channels and might make an upward correction. This correction could aim towards the resistance levels marked above.
Fibonacci Levels: The price appears to have touched the 1.618 Fibonacci extension at the 2,914.76 level. A reaction from this level is likely, and the price could move upwards to test the resistance levels.
Support and Resistance Levels: Several important support and resistance levels are drawn on the chart:
Resistance Levels: 3,125.86, 3,232.67, 3,306.00, 3,390.57, and 3,581.27.
Support Level: 2,914.76.
RSI (Relative Strength Index): The RSI indicator is close to the oversold region. This suggests that the price might soon experience an upward recovery.
MACD (Moving Average Convergence Divergence): The MACD indicator might be signaling a potential upward reversal.
Conclusion:
The Ethereum price could potentially rebound from the lower boundary of the descending channel and initiate an upward movement. The first target for this upward movement could be the 3,125.86 resistance level. If it can break this level, it may test the 3,232.67 and 3,306.00 resistance levels subsequently. However, market conditions and the overall trend should be considered, and risk management is essential.
GOLD ( UNDER BULLISH PRESSURE ) (4H)XAUUSD
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above 2,421$ .
TURNING LEVEL : the price of this level at 2,421$ , so as long as the price trade above this level indicates likely to reach a resistance level (1) , but if the breaking by open 4h candle below this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 2,447$ , for reach this resistance level the price need stabilizing above a turning level , indicates have good selling in this level .
RESISTANCE LEVEL (2) : around 2,474$ , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
RESISTANCE LEVEL (3) : around 2,500 , this level it is a historical peaks , for reach this level the price needed breaking turning level (2) .
SUPPORT LEVEL (1) : this level around 2,391$ , for reach this support level the price need breaking a turning level , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 2,365$ , for reach this level will be breaking by open 4h candle below support level (1) .
PRICE MOVEMENT : currently price 2,435$ , as long as the price trading above turning level , indicates to reach a resistance level (1) , then breaking this level likely to reach resistance level (2) , by breaking turning level indicates likely to reach support level (1) .
TARGET LEVEL :
RESISTANCE LEVEL : 2,447$ , 2,474$ , 2,500$ .
SUPPORT LEVEL : 2,391$ , 2,365$ .
GBPUSD ( BREAKING EACH TURNING LEVEL DETERMINE DIRECTION ) (4H)GBPUSD
HELLO TRADERS
Tendency , the price inside two turning level around 1.273 & 1.278 .
TURNING LEVEL (1) : the price of this level at 1.278 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 1.273 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 1.283 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 1.292 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 1.266 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 1.261 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 1.274 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 1.283 , 1.292 .
SUPPORT LEVEL : 1.266 , 1.261 .
XRPUSDT ( INSIDE SENSITVIE AREA ) (4H)XRPUSDT
HELLO TRADERS
Tendency , the price inside two turning level around 0.58 & 0.56 .
TURNING LEVEL (1) : the price of this level at 0.58, so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 0.56 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 0.60, for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 0.65 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around O.51 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 0.47 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 0.57 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 0.60 , 0.65 .
SUPPORT LEVEL : 0.51 , 0.47 .
BITCOIN ( BETWEEN TWO TURNING LEVEL ) (4H)BITCOIN
HELLO TRADERS
Tendency , the price inside two turning level around 65,707 & 63,416 .
TURNING LEVEL (1) : the price of this level at 65,707 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 63,416 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 68,199 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 69,602 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 60,065 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 58,203 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 64,819 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 68,199 , 69,602 .
SUPPORT LEVEL :60,065 , 58,203 .
Gold forms wave 5 of the Elliot wave☘️Fundamental analysis
At the beginning of the Asian trading session on July 25, gold fell deeper than 1%, as of the time this article was completed, gold was trading at 2,372 USD, equivalent to a decrease of 25Dollar during the day.
But times have changed and things have changed now so I changed my mind. The Fed should cut interest rates, preferably at its interest rate meeting next week.
Gold traders are now awaiting second-quarter US GDP data today (Thursday), as well as the latest personal consumption expenditures (PCE) price index on Friday, as this is the gauge Fed's preferred inflation.
Although gold has been supported by news from India that has reduced import tax on gold and silver from 15% to 6%. But the main reason why gold prices are still being sold off is partly due to profit-taking motivation, and a Partly because Trump's victory will support the Dollar, Trump is known as the President with a harsh tariff stance.
The main factor currently supporting gold prices is market expectations that the Federal Reserve may actually decide to cut interest rates before September.
☘️Technical analysis
After reaching the 0.5 Fibo retracement zone of the gold downtrend, wave 5 has formed and we are waiting for the end of wave 5 to catch the recovery wave. Note support points to BUY around 2363-2362. If this price range is broken, the next strong support zone is around 2350.
Gold has formed a falling price channel with key resistance levels at 2384 and 2400. Today's price range zones are used to trade news and enter orders when the signal touches an important price zone.
Trading signals
SELL zone 2398 - 2400 Stoploss 2404
SELL zone 2382-2384 stoploss 2387
BUY zone 2364 - 2362 stoploss 2358
BUY zone 2352 - 2350 stoploss 2346
Wishing you a successful trading day
Waiting for recovery to buy✨Fundamental Analysis
Gold prices extended gains and traded near the psychological 2400 level. The US Personal Consumption Expenditures (PCE) price index data released on Friday showed a modest increase in inflation in June and raised expectations of the imminent start of the Federal Reserve's (Fed) interest rate cutting cycle. This led to further declines in US Treasury yields, which also supported gold prices.
Traders also preferred to wait for the outcome of the two-day Federal Open Market Committee (FOMC) meeting on Wednesday. This, along with important US macroeconomic data scheduled at the beginning of the new month, including the Non-Farm Payrolls (NFP) report, will provide fresh impetus to gold.
✨Technical Analysis
Buyers are struggling to capitalize on the bullishness in the European session to push gold towards the 2,400 level. Meanwhile, the momentum above the $2,400 round figure is likely to face some resistance near the 2,408 area, around the $2,432 area.
On the other side. The immediate support that gold receives is around the 2,382-2,380 level. Weakness below $2,380 may be more unlikely to push the price back to the breakout zone, currently anchored near the $2,360-2,359 area.
The bullish trend is preferred by investors and they are waiting for a nice retest to get a BUY signal in line with the main trend of the market.
Resistance: 2408 - 2431
Support: 2382 - 2365
SELL price range 2408-2410 Stoploss 2413
BUY price range 2380 - 2382 stoploss 2377
NAS100USD ( BREAKOUT DESCINDING CHANNEL ) (4H)NAS100USD
HELLO TRADERS
Tendency , the price is under bullish pressure , after breakout descending channel .
TURNING LEVEL : the price of this level around 19,114 , as mentioned after the price trading above this level reach a resistance level (1) , yesterday reach target +440pip , may be the price it will attempt to reach this level before rising , but if the breaking 18,956 by open 4h candle below this level indicates likely to reach support level (1) .
RESISTANCE LEVEL (1) : this level around 19,529 , for reach this resistance level the price need trading above 19,114 , indicates have good selling in this level
RESISTANCE LEVEL (2) : around 19,826 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
RESISTANCE LEVEL (3) : around 20,217 , for reach this level it will be breaking by open 1D candle above resistance level (2) , indicates have very strong sells in this level .
SUPPORT LEVEL (1) : this level around 18,627, for reach this support level the price need breaking a turning level , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 18,240 , for reach this level will be breaking by open 4h candle below support level (1) .
MY GOALS : resistance level (2) at 19,826.
TARGET LEVEL :
RESISTANCE LEVEL : 19,529 , 19,826 , 20,217 .
SUPPORT LEVEL : 18,627 , 18,240 .
XAUUSD : Gold continues to rise strongly againGold prices continued to expand their gains thanks to safe-haven demand amid concerns over escalating tensions following the assassination of a Hamas leader in Iran. The war in Gaza and the deepening conflict in Lebanon have left the entire region in turmoil.
In particular, the rise of this precious metal was further boosted when US Federal Reserve Chairman Jerome Powell hinted that a rate cut could be discussed as early as September if inflation remains in line with expectations.
As expected, the Fed decided to keep interest rates unchanged at this meeting. However, Mr. Powell raised investors' hopes for a possible rate cut at the September meeting. He said that policymakers are increasingly confident that inflation is moving towards the 2% target.
A volatile day for USDJPYUSD/JPY trades flat below 153.00 after BoJ surprise-led wild swings
USD/JPY is trading modestly flat below 153.00, digesting the Bank of Japan's (BoJ) surprise interest-rate hike by 15 bps. The pair saw wild swings on either side after the BoJ announcements. Governor Ueda's presser eyed.
The USD/JPY pair trades back and forth in a tight range above the crucial support of 156.00 on Monday’s European session. The asset shifts to the sidelines with investors focusing on the interest rate announcements by the Bank of Japan (BoJ) and the Federal Reserve (Fed), which are scheduled for Wednesday.
BUY USDJPY zone 152.500 Stoploss 152.000
Gold is supported to increase☘️Fundamental Analysis:
Gold prices are rising above $2,420 on Wednesday, reversing an intraday decline to $2,400. Israel’s attack on the Lebanese capital in retaliation for a rocket attack in the Golan Heights on Saturday has raised the risk of further escalation of geopolitical tensions in the Middle East.
In addition, the outlook for sluggish global economic growth and the further retreat of the US Dollar (USD) from a near three-week high hit on Tuesday are in the gold’s favor. However, bulls may refrain from placing aggressive bets and prefer to wait for further signals on the Federal Reserve’s (Fed) interest rate cut path. Therefore, the focus will remain on the outcome of the two-day Federal Open Market Committee (FOMC) meeting, scheduled to take place later today. This, along with geopolitical developments, will determine the trajectory for gold.
☘️Technical Analysis:
From a technical perspective, the recent rebound from the vicinity of $2,350 or the 50-day Simple Moving Average (SMA) support and the subsequent move above $2,400 favors bullish traders. Moreover, the oscillators on the daily chart have started to gain positive traction and support the further upside outlook. Moreover, the strength to break above the $2,412-2,413 zone reaffirms the positive outlook and would now lift Gold prices towards last week’s high around $2,432. Sustained strength to break above the latter zone would suggest that the corrective decline from the all-time high reached earlier this month is over.
On the other hand, the $2,400 mark now looks to protect the immediate downside ahead of the $2,388-2,390 zone below which gold could slide back to the 50-day SMA, currently anchored near the $2,359 zone. A convincing break through the latter zone, leading to a further decline below last week’s low, around the $2,353 zone, would be seen as a fresh trigger for bearish traders and leave XAU/USD vulnerable.
Resistance: 2429 - 2433 - 2459
Support: 2400 - 2392 - 2388
SELL price zone 2431 - 2433 stoploss 2437
BUY price zone 2391 - 2389 stoploss 2385
BUY scalp price zone 2399 - 2397 stoploss 2394
EURUSD Analysis week 31🌐Fundamental Analysis
After recovering to 1.0870 early Thursday, EUR/USD lost momentum and closed the trading day almost unchanged at just higher 1.0850 as the US Dollar (USD) benefited from upbeat data releases. Although risk sentiment appeared to be improving early Friday, the Euro struggled to attract buyers.
Next week, the key EU-wide Harmonized Consumer Price Index (HICP) inflation figures will drop on Wednesday, giving investors a clear picture of when they can expect the ECB to cut interest rates next after policymakers cut by 25 basis points in June. EU-wide HICP inflation for the year ending July is expected to have eased to 2.3% from 2.5% YoY.
On the US side, the Fed will also deliver its latest rate call, which is expected on Wednesday. The US central bank is widely expected to keep rates on hold in July, but investors will be watching for any major changes in policy makers’ rhetoric. Next Friday will also see the US Non-Farm Payrolls, a key data point for pricing in the possibility of a September rate hike.
🕯Technical Analysis:
EURUSD remains in an uptrend, with a clear formation of wave 5 of the Elliot Wave pattern with technical support at 1.085-1.083. In the event of a completed wave 5, the pair could top around 1.100.
EURUSD is hesitating around the EMA 34 and EMA 89, although showing an uptrend, the narrowing of the EMAs also increases the possibility of a trend reversal. RSI is trading below 50 but still above the 14-day moving average. This shows that investors are hesitant to choose sides at the moment. The upside is still in favor of investors who prefer wave trading.
The support level of 1.084 is the key zone that determines the trend of the currency pair. If the structure is broken to move to the lower support zone, 1.077 will be the immediate area to play a role. On the other side, the first price reaction can be considered at the top resistance of 1.095, the highest level can be 1.100, the end of the wave pattern can be at Fibonacci 1.272
Resistance: 1.095-1.100
Support: 1.283-1.276
📈Trading signals📉
SELL GBPUSD zone 1.100-1.102 Stoploss 1.104
BUY GBPUSD zone 1.076-1.274 Stoploss 1.272
Gold hesitates around the round port level of 2400☘️Fundamental Analysis
Gold prices attracted some buying on Tuesday, although they remained confined within the previous day’s wider trading range and below the $2,400 mark. A weaker tone in equity markets, coupled with geopolitical risks stemming from conflicts in the Middle East, turned out to be key factors supporting the safe-haven commodity. Moreover, growing acceptance that the Federal Reserve (Fed) will begin its rate-cutting cycle in September should continue to benefit gold bulls.
The focus will remain on the outcome of the two-day Federal Open Market Committee (FOMC) meeting on Wednesday. This, along with key US macro data, including Friday’s Non-Farm Payrolls (NFP) report, will influence the USD and XAU/USD price dynamics. This makes the case for buying gold after the pullback from the all-time high more deliberate
☘️Technical Analysis
From a technical perspective, the failure to accept the level above 2,400 and the subsequent decline requires caution before positioning for any meaningful upside. Gold is trading in a descending channel and the immediate resistance is around 2,392. If this zone is broken, the round-robin resistance around 2,400 will act as a brake on any rapid upside. Some further buying could push gold towards 2,409 and 2,431, helping gold regain its bullish position. On the other hand, some selling could push gold towards the lower boundary of the descending channel. The support level at 2,367 acts as the first hurdle before gold retraces to the monthly low around 2,350.
RSI on the lower time frames is showing that buying is still strong. Combined with the two tight EMA 34 and EMA 89 lines, it can be seen that the upward trajectory will be more favored by investors at the present time.
Resistance: 2400 - 2407 - 2412 - 2418
Support: 2376 - 2367 - 2361 - 2353
SELL zone 2410 - 2412 Stoploss 2415
SELL zone 2430-2432 Stoploss 2435
BUY zone 2354 - 2352 Stoploss 2348
BUY zone 2367-2365 Stoploss 2362
GOLD (INSIDE ASCENDING CHANNEL ) (4H)XAUUSD
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above turning level at 2,386$ .
TURNING LEVEL (1) : this level around 2,386$ , the price trading above this level , indicates it will be trying to reach resistance level (1) , beware if the price breaking this level by open 4h candle below this reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 2,420$ , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 2,439$, for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .
SUPPORT LEVEL (1) : this level around 2,365$, for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 2,343$, for reach this level will be breaking by open 4h candle below support level (1) .
MY GOAL : resistance level (1) at 2,420$
TARGET LEVEL :
RESISTANCE LEVEL : 2,420$ , 2,439$ .
SUPPORT LEVEL : 2,365$ , 2,343$.
LDO READY to MOVEHello,
Welcome to the quick update of LDOUSDT. It is showing positive signs after consolidating around 1.49 to 1.58.
We can go long on this with a short-term target of around $ 1.78 to $1.87 and a long-term target of $2.27 and STOPLOSS of 1.48
Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!!
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
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NZDCAD: Bullish Sentiment Confirmed?! 🇳🇿🇨🇦
NZDCAD has a nice potential to grow after a test of a major rising trend line on a daily.
I see a clear sign of strength of the buyers on a 4H time frame with a double bottom formation
and a confirmed change of character.
I think that the pair will reach 0.82 level soon.
❤️Please, support my work with like, thank you!❤️