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EURUSD analysis after positive Nonfarm data📌EUR/USD plummets to weekly lows near 1.0800 following US jobs data. EUR/USD is under heavy pressure and trades at a one-week low near 1.0800. The US dollar continued to gain strength following upbeat jobs data, which showed Nonfarm Payrolls increased by 272,000 in May and put pressure on the pair. 📌Markets are focused on the European Parliament Elections, today. Besides important US economic reports such as CPI, FOMC, PPI and UoM Consumer Preliminary Market Sentiment. 📌After breaking through the trendline and the important support zone at 1.08350, gold approached the stronger support level of 1.079. From there a small trading price margin is formed. The recovery next week of EURUSD is insignificant with the highest level being the Break out price range around 1.08600. The pair's decline is favored with a record hit of the 1.07300 support zone possible. Resistance: 1,083-1,086 Support: 1,079-1,073 BUY EURUSD zone 1.073-1.072 SL 1.070 SELL EURUSD zone 1.086-1.088 SL 1.090
by TVS-Trader
XAUUSD : Gold dropped sharply after a series of dataWorld gold price recovered slightly by 0.13% and is trading around 2,296 USD/ounce after a sharp decline of 3.45% last week. Gold's uptrend has weakened as the RSI on the daily chart is below the 50 level, moreover, XAU/USD is trading below the short-term SMA lines, reinforcing gold's downtrend. The Fed's latest interest rate decision and the May consumer price index expected to be released this week could be a key test for markets, especially after Friday's strong jobs report. continue to suggest that the Fed may hold off on lowering interest rates.
OANDA:XAUUSD
by SantaTradeGold
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2309 resistance with a open gap before that at 2296 and 2286 Goldturn support. We will need to see a test and lock on either levels to open the next range. We will need to see ema5 lock above 2309 to open the range above or a rejection before this will follow to find support at the retracement range. A cross and lock below 2286 will open the confirm the retracement range and a further cross and lock below the retracement range will open the swing range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2296 2309 EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
21
GOLD 4H CHART ROUTE MAP AND TRADING PLAN FOR THE WEEKHey Everyone, Please see our 4h chart idea that we tracked last week. We have not done a fresh idea for the 4H chart this week, as this one is still tracking well and testing crucial levels of the structure currently. We want to see this idea play out for at least the beginning of the week and then we can do a mid week update with a fresh one. After completing all our Bullish targets there was a gap left above before the drop completing all the bearish levels and now currently testing the swing range. We are expecting a reaction in this range 2290 - 2275 and would like to see opportunities of bounces here. However, we need to keep in mind a cross and lock below the swing range will open the test to structure support. This is a crucial test as a break below this level can open a deeper correction below. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. SWING RANGE 2290 - 2275 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
GOLD DAILY CHART MID/LONG RANGE ROUTE MAPHey Everyone, Please see our updated daily chart structure. Currently we are seeing price test support at 2309 with a candle break below opening gap to 2259 but we will need to see ema5 lock below 2309 to further confirm this gap otherwise a failure to lock below will follow with a reactional bounce here to 2355 We have marked the charts with the weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation. We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
GOLD WEEKLY CHART MID/LONG RANGE ROUTE MAPHey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. CURRENT UPDATE We are now seeing price break back in the channel with ema5 opening the 2265, as a potential correctional area also inline with the channel half line. We need to keep this in mind when buying dips and managing risk and range to handle swings. The levels within the channel will provide the bounces inline with our plans to buy dips, level to level using our smaller time-frames. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
GOLD ROUTE MAP UPDATEHey Everyone, A great week tracking the entire move up completing all our targets, which followed with the rejection today with a massive tank below 2390 Goldturn all the way down into the retracement range completing this full setup. EMA5 is now testing this level and will need a cross and lock below 2310 to open the swing range or failing that a support bounce here. Our monthly chart correctional detachment is now finally coming into play. A full attachment is not needed, as it can attach on the move up with magnetisation. Due to NFP the majority of the day was just an observation day for us, as we already secured a great week, yet we were still able to scalp using our levels. BULLISH TARGETS 2331 - DONE EMA5 CROSS AND LOCK ABOVE 2331 WILL OPEN THE FOLLOWING BULLISH TARGETS 2345 - DONE 2359 - DONE EMA5 CROSS AND LOCK ABOVE 2359 WILL OPEN THE FOLLOWING BULLISH TARGETS 2364 - DONE POTENTIALLY 2390 BEARISH TARGETS 2310 - DONE EMA5 CROSS AND LOCK BELOW 2310 WILL OPEN THE SWING RANGE SWING RANGE 2285 - 2274 As always we will now come back Sunday with our multi time-frame analysis, Gold route map and trading plans for the week ahead. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a great weekend all!! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
Gold price margin analysis before NONFARM💥Gold reacted strongly at the 2385 resistance zone as traders waited for the important US Nonfarm Payrolls report. Gold prices continued to rise and hit a 2-week high as US bond yields fell after Latest labor report. Published data showing signs of "cooling down" in the US labor market have reinforced the possibility that the US Federal Reserve (Fed) will cut interest rates in September. Currently, investors are still hot. Please wait for US non-farm payroll data to be more certain about this expectation. 💥RSI in the h2 time frame shows signs of divergence and has gradually escaped the overbought area. It can be seen that the buying force has weakened when the price touched 2385. The uptrend is still there with strong support from the EMA 34 and EMA 89 which are still rising strongly in the large time frames h4 h2 d1. Therefore, the price reaction at 2385 could be a stepping stone for gold to reach 2400. 💥Technical points to pay attention to for the best trading signals: Support: 2370-2355 Resistance: 2395- 2405
OANDA:XAUUSD
by TVS-Trader
XAUUSD : Gold continues to increase strongly todayGold prices yesterday had an early rebound hitting a high of $2,375 then retreated again before closing at $2,378 after important news and market expectations were reflected in the price. Regardless of the reason behind it, this is it proving that investors are still interested in gold or have returned after recent dovish signals from major central banks. Maybe this is the first sign of a comeback. The market is probably quite nervous now ahead of tonight's NFP report. The US Nonfarm Payrolls (NFP) report is expected to show an increase of 185,000 jobs in May. However, negative JOLTS Job Opportunities data and ADP Nonfarm Jobs Change data less than that in this week reduces investor optimism about the US Bureau of Labor Statistics report. If the NFP report also shows weakness, the USD may come under more pressure and increase market confidence that the Fed will soon cut interest rates, supporting gold prices.
OANDA:XAUUSDLong
by SantaTradeGold
Gold soared on hopes of interest rate cutsAn develop above the 2,364-rate stage additionally triggers a weekly bullish reversal from closing week`s incredibly slim variety week, if it occurs earlier than the quit of the week. So some distance this week, gold is displaying symptoms and symptoms of strengthening at the weekly chart. If it continues strength, it's going to near the week withinside the inexperienced with a bullish weekly setup. Maintaining aid across the 50-Day MA goes to shop the fashion in gold. The red 20-Day MA described dynamic resistance of the upswing from the February 29 bullish breakout, even as the brand new develop can also additionally use the 50-Day line as dynamic fashion aid. A breakout above closing week`s excessive does now no longer suggest that gold begins offevolved going immediately up again. Although it could do that, the much more likely situation following the latest 23.5% rally, is similarly consolidation close to the latest highs. Another crucial rate stage at the manner up might be 2,431, a previous document excessive from April 12. Resistance can be visible there again, however there may be additionally a very good threat that the rate of gold breaks out via the rate sector because it heads higher. For a examine all of today`s financial events, take a look at out our financial calendar. 💵 TVC:GOLD SELL 2371-2373💵 ✔️ TP 2360 ✔️ TP2 2350 ❌ SL 2379 💵 TVC:GOLD BUY 2353 - 2355💵 ✔️ TP 2360 ✔️ TP2 2370 ❌ SL 2347
TVC:GOLDShort
by MrTrongVo
EURUSD analysis 06/05/2024EUR/USD steadies below 1.0900 ahead of key US dataEUR/USD is consolidating below 1.0900 early Wednesday amid modest gains in the US Dollar. Fed rate cut bets keep US bond yields lower, limiting the pair's downside. Key US data on Wednesday could provide some impetus ahead of the ECB on Thursday. The pair is approaching the lower trendline of the uptrend and is being supported by the EMA34 and EMA 89. In case the news is positive for the USD, it is possible that EURUSD will break the trendline and two EMA line to approach the 1.08300 support zone. The old peak at 1.9100 will be the first resistance area that the pair encounters when the price is pushed up from the current support area. With the negative release news for USD the highest level EURUSD reached today was 1.09700. BUY zone 1.08300 SL 1.08000 SELL zone 1.09100 SL 1.09400 SELL zone 1.09700 SL 1.10000
by TVS-Trader
Gold soon regained its rising position (week 24 gold analysis)💥Gold reacted strongly at 2360 and could not overcome the old resistance level to break back to 2400. Gold has formed a double top pattern on the 4th hour frame. 💥After returning below 233x, important support levels 2317-2310 -2305 will be believed by investors to push gold prices back up. 💥The price is retracing relatively far from MA 34 and MA 89, so the downtrend can maintain for the first few days of the week before gold bounces back strongly at the end of next week. 💥When the gold price drops, we will BUY at the support points listed above. new stop loss of 50 pips for each signal. possible profit level according to RR11 ratio. When the price reaches the 2310 or 2301 area, we can consider making long-term BUY signals. 💥If you check back at the levels we have shared weekly over time, you can see how effectively they are used to trade with or against short/medium term fluctuations and trends . Resistance 2360-2400 Support 2317-2310-2305
OANDA:XAUUSD
by TVS-Trader
1
EURUSD analysis week 24EUR/USD clings to gains above 1.0850 following US inflation data. EUR/USD traded in positive territory around 1.0850 during the US session on Friday. The US dollar struggled to maintain its strength following the April PCE inflation data and helped the pair hold its ground at the end of the week. The EU region's CPI consumer price index has begun to cool down, but according to March and April data, this index still increased around 2.4% over the same period last year in recent shares shared by the ECB President. believes that inflation in the EU area is expected to continue to decrease and the ECB can lower interest rates if they meet the inflation assessment criteria they have identified. The price range of the EURUSD pair is getting narrower, showing that the long-term accumulation of the currency pair is about to reach a boom stage. Pay attention to the break out hooks 1,080 and 1,088 to get appropriate trend trading signals. When the price breaks out of the narrow range, important support and resistance levels will be quite far away. Above the old peak resistance level around 1,093 and in the opposite direction, the old Dow breaking support area at 1,074 will be a support area that investors trust. Trading signals: BUY zone 1.07400-1.07200 SL 1.06900 SELL zone 1.09300-1.09500 SL 1.09800 Beak out and retest: 1.08800 and 1.08000
by TVS-Trader
GBPUSD analysis week 24📌GBP/USD eases from 1.2765, keeping gains modest. GBP/USD hit a two-day peat at 1.2765 during the US session, as US data showed core PCE inflation held steady at 2.8% yoy in the month Private. The pair retreated later as risk aversion triggered demand for the US Dollar. 📌The possibility of the FED cutting interest rates in September is quite low. As the Fed has said they want to see inflation fall for months before considering a move to normalize policy, higher-than-expected inflation would significantly impact markets. FED interest rate cut will be delayed until November. If this index is lower, it will boost the prospect of FED lowering interest rates in September 📌The pair is trading within the border of the uptrend line and is strongly boosted by the EMA 34 and EMA 89 to extend the upward price momentum. The narrow price range of 1,280 and 1,268 that has been maintained continuously for the past two weeks could completely be broken in the next week with further resistance and support levels at 1,288 above and vice versa at 1,265 below. 🕯Trading signals SELL zone 1.28800-1.29000 SL 1.29300 BUY zone 1.26500-1.26300 SL 1.26000
by TVS-Trader
Gold rose sharply after ADP when the ADP index was lowWorld gold prices reached the highest level of the last two weeks around 2374. Gold was supported by the weakening of the USD and the decline in US government bond yields after the latest labor market data. The ADP report of private companies added 152,000 jobs in May, much lower than forecast and compared to recorded in the previous month, this is the lowest level since the beginning of the year. Weak labor numbers may force the Fed to act soon. The possibility of the FED reducing interest rates in September is higher than 60% to boost the economy from which gold can benefit. Gold has escaped the falling price range and returned to the uptrend in line with the market trajectory. Gold created a new trading range with the main resistance and support levels at 2400 and 2358. The EMA 34 and EMA 89 crossed each other in the h2 frame, signaling that the market began to reverse strongly and the price line formed a trend. short-term increase to reach the key price level of 2400. Support: 2358 - 2351 - 2345 - 2340 - 2331 Resistance: 2380 - 2385 - 2390 - 2400 - 2414 BUY zone 2357 - 2355 SL 2351 BUY zone 2341 - 2339 SL 2335 SELL zone 2383 - 2385 SL 2390 SELL zone 2398-2400 SL 2403
OANDA:XAUUSD
by TVS-Trader
GOLD CHART ROUTE MAP UPDATEHey Everyone, A PIPTATSIC finish today starting with our 2359 target HIT!!!!! We called this target yesterday, and the day before to complete this range This target followed with the cross and lock above 2359 opening 2374 and potentially 2390 at a stretch. 2374 was also hit today with a dip back to 2359 for support and then buying dips inline with our plans for the bounce back into our target of 2374. JUST PERFECT!!!! We call 2390 a potential but will need an ema5 lock to further confirm this target. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2331 - DONE EMA5 CROSS AND LOCK ABOVE 2331 WILL OPEN THE FOLLOWING BULLISH TARGETS 2345 - DONE 2359 - DONE EMA5 CROSS AND LOCK ABOVE 2359 WILL OPEN THE FOLLOWING BULLISH TARGETS 2364 - DONE POTENTIALLY 2390 BEARISH TARGETS 2310 EMA5 CROSS AND LOCK BELOW 2310 WILL OPEN THE SWING RANGE SWING RANGE 2285 - 2274 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
18
Many important economic data are waitingGold prices rose at the beginning of the week when the latest report showed that US manufacturing activity slowed for the second consecutive month. Specifically, the purchasing management index in the manufacturing sector decreased to 48.7% in May, compared to 49.2% recorded in April. This figure is weaker than the forecast of the world. expert. Disappointing economic data raises the possibility that the US Federal Reserve will cut interest rates this year, pushing the dollar to a three-week low and benchmark US Treasury yields falling. dropped to its lowest level in 2 weeks. Today's world gold price is listed on Kitco at about 2,350 USD/ounce, up 23 USD/ounce compared to early yesterday morning. Gold futures last traded at $2.3716 per ounce, up $25.60. Gold price forecast The Fed's interest rate direction will be the main factor affecting the direction of gold in the short term. Therefore, the market will continue to listen for information that is expected to have an impact on the Fed's decision. This week, besides employment data, the gold market will wait for the interest rate decision of the European Central Bank (ECB). The bank is almost certain to cut interest rates by 25 basis points and this could become the first major central bank to cut interest rates this cycle. The ECB's decision may cause investors to recalculate the time and scale of the Fed's interest rate easing. Many analysts predict that, ahead of the Fed's monetary policy meeting on June 11-12, many investors will increase buying, causing gold prices to increase sharply before the meeting. Technically The important price range today is that gold is trading at 2363 and 2335. If gold wants to regain its strong bullish position, gold needs to surpass the important area at 2363 and 2365 in the opposite direction. The sideways trend will continue when gold Moving towards the 2335 support zone. In the h4 time frame, the two EMA lines show that the main trend is still moving sideways within a wide range. Gold is waiting for a breakthrough from US data this week to escape the border. Support: 2335 - 2328 - 2315 - 2305 Resistance: 2355 - 2363 - 2374 - 2389 BUY price range 2327 - 2325 stoploss 2321 SELL price range 2374 - 2376 stoploss 2380
OANDA:XAUUSD
by TVS-Trader