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GBPUSD scalping signalsGBP/USD: Bulls push to test the 1.2840 resistance Instead of continuing to rise, the Pound Sterling (GBP) is more likely to trade in a range between 1.2740 and 1.2840. Downward momentum has slowed; any further GBP weakness is likely limited to a retest of the 1.2710 level, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note. SELL Scalping zone SELL GBPUSD now zone 1.28000-1.28200 ↠  Stoploss 1.28400 → Take Profit 1 1.27700 → Take Profit 2 1.27000 Good luck everyone
by TVS-Trader
Gold fluctuations in the new weekFundamental Analysis: Gold (XAU/USD) gained traction on Monday as the greenback weakened. The market is still digesting the dovish FOMC and a weaker US jobs report. Meanwhile, US Treasury yields and the US dollar (USD) are likely to remain under pressure, acting as a bullish driver for the yellow metal. Additionally, rising geopolitical tensions in the Middle East could continue to support traditional safe-haven assets like Gold. Looking ahead, Gold traders will be watching the US ISM Services Purchasing Managers’ Index (PMI) on Monday for fresh catalysts. The Services PMI is estimated to improve to 51.0 in July from 48.8 in June. In case the data is stronger than expected, the USD could rise and limit the upside in the precious metal. Technical Analysis: Gold after NF formed a fairly wide trading range. An upward price range was formed with the price range of 2475 and 2420. The h2 time frame gives an overview of the short-term fluctuations of gold during the day. The 2411 area on Friday formed a critical zone around it with a reaction of 30 prices. so it became a strong reaction zone when gold broke out of the price channel. Resistance: 2466 - 2475 - 2480 - 2491 - 2502 Support: 2423 - 2412 - 2405 - 2394 - 2385 SELL GOLD 2465 - 2467 Stoploss 2471 BUY GOLD 2415 - 2413 Stoploss 2408
OANDA:XAUUSD
by TVS-Trader
EURUSD Analysis week 32Fundamental Analysis EUR/USD gained on Friday after the Greenback was weakened by the poor US Non-Farm Payrolls (NFP) data. With the US economic data turning sour, investors extended their losses for two days on growing concerns about a broader recession in the domestic US economy, triggering a flight from risk assets and sending equity indices sharply lower. Next week, the US will see the ISM Manufacturing Purchasing Managers’ Index (PMI) for July on Monday. Euro-wide retail sales for the year ending June are scheduled for release early Tuesday. This will give us a clearer picture of the current stage of the currency market. Technical Analysis GBPUSD formed a wide range after the NF release with the nearest support resistance in the range of 1.094 and 1.082. On the H4 timeframe, EMA 34 is looking to surpass EMA 89 to escape the short-term downtrend of the past week. Specifically, it proves that the price line has broken out of the downtrend line. The uptrend may face the highest resistance at 1.098 when the price breaks out of the immediate resistance at 1.094. On the other hand, recovery is necessary in an uptrend. The price trend may retest the broken trend zone around 1.083 after some investors take profit. If the downtrend is established, the strong support zone next week will be 1.075. Resistance: 1.094-1.098 Support: 1.083-1.075 Trading Signals BUY EURUSD zone 1.075-1.073 Stoploss 1.071 SELL GBPUSD zone 1.098-1.100 Stoploss 1.102
by TVS-Trader
The Fed is planning to cut interest rates in SeptemberWorld gold prices have skyrocketed amid the danger of escalating conflicts in the Middle East and US Federal Reserve (FED) Chairman Jerome Powell gave a signal after today's Fed meeting via the Chinese bank. The US is ready to rotate monetary policy if the inflation rate continues to decline in focus. After a 2-day policy review, the Fed decided to keep interest rates unchanged at the expected level at 5.25-5.5%. Besides, at the press conference after the Fed meeting, Mr. Powell aroused consultants' hopes about the ability to provide monetary policy at the upcoming September meeting. He said that if data continues to provide confidence that inflation is slowing toward its 2% target, the Fed may be ready to act.
TVC:GOLDShort
by FalCol_TradingMaster
Gold August 2. Approaching all-time high🌿Fundamental Analysis Gold prices showed absolute strength in the European session on Friday ahead of the US Non-Farm Payrolls (NFP) data for July. The official jobs data will indicate the current state of the labor market, which will influence market speculation about the US Federal Reserve (Fed) cutting interest rates in September. Investors will also focus on Average Hourly Earnings data, a key measure of wage growth that boosts consumer spending and ultimately drives price pressures. Meanwhile, the deepening risk of an all-out war between Iran and Israel has improved Gold’s appeal as a safe haven. Iran has vowed to retaliate for the assassination of Hamas leader Ismail Haniyeh with an Israeli airstrike in Tehran. 🌿Technical Analysis In terms of Elliot wave, Gold may have formed wave 5 and is trading in an abc recovery wave. or a recovery could occur after Nonfarm pushing gold prices to the 2442-2430-2422 support zone to continue to return to wave 5 to break the all-time high. The 14-day relative strength index (RSI) is rising to near 60.00. If RSI rises above that level, the momentum will continue to increase strongly. We will wait for recovery waves to buy gold today, or look for resistance zones to catch the recovery wave. SELL zone 2472 - 2474 SL 2478 SELL zone 2482-2484 SL 2487 BUY zone 2433 - 2431 SL 2427 BUY zone 2422 - 2420 SL 2416
OANDA:XAUUSD
by TVS-Trader
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
OANDA:XAUUSD
by TVS-Trader
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
by TVS-Trader
1
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.
Long
by alemicihan
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
OANDA:XAUUSD
by TVS-Trader
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
CITYINDEX:XAUUSD
by TVS-Trader
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.
OANDA:XAUUSD
by SantaTradeGold
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
by TVS-Trader