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Gold Watch: CPI Impact and Interest Rate DynamicsGreetings Traders, Our spotlight is on XAUUSD, where we are actively eyeing a potential buying opportunity around the 2015 zone. As gold trades in an uptrend, it currently finds itself in a correction phase, steadily approaching the trend at the critical 2015 support area. This numerical level carries historical significance, serving as a vital juncture where the correction may align with substantial market forces, creating an opportune entry point for traders. To comprehend the potential market dynamics, we must delve into the macroeconomic fundamentals. The Consumer Price Index (CPI) data, released on October 25, 2023, revealed an actual inflation rate of 1.2%, surpassing the forecast of 1.1% and the previous 0.8%. This ongoing trend of rising inflation is crucial, as it has the potential to influence the Federal Reserve's monetary policy decisions. The latest FOMC data, dated December 13, 2023, reflects a steady interest rate of 5.50%. Such a stance indicates a commitment to combat inflation, but the continuous dovish rhetoric and the decision to maintain the interest rate may suggest that the Fed is cautious about tightening too quickly. This dovish sentiment in the monetary policy can lead to further weakness in the USD. Considering the interest rate evolution, the Fed has been on a trajectory of cautious adjustments. For instance, in the FOMC meeting on September 20, 2023, the interest rate was held at 5.50%, maintaining the status quo. This steady approach is indicative of the Fed's commitment to managing inflation without overly hindering economic growth. The correlation between interest rates and the strength of the USD is pivotal in understanding gold's potential upsides. The negative correlation between gold and the USD implies that a weakening dollar could propel gold prices higher. As traders navigate the XAUUSD chart, the careful consideration of both CPI and interest rate data is imperative. The dovish monetary policy's potential impact on the USD's strength and the subsequent influence on gold prices should be a focal point in crafting effective trading strategies.
OANDA:XAUUSDLong
by JoeChampion
How to Become a Professional Trader!The Triad of Successful Trading: Strategies, Psychology, and Risk Management. Introduction: In the dynamic world of trading, achieving success is a multifaceted challenge that requires a comprehensive approach. While many enthusiasts focus primarily on trading strategies, it is crucial to recognize that a holistic approach, incorporating trading psychology and risk management, is indispensable for sustained success. This article delves into the three pillars of successful trading: trading strategies, psychology, and risk management. Trading Strategies (25 Marks): A robust trading strategy serves as the foundation of a trader's success. This section explores the importance of having a well-defined and tested trading strategy. Investors must understand that possessing the same strategy as others does not guarantee success; execution and adherence are key. Points will be awarded based on the clarity and effectiveness of the chosen strategy, as well as the ability to adapt to changing market conditions. Trading Psychology (35 Marks): Trading psychology plays a pivotal role in determining success or failure in the financial markets. This section emphasizes the significance of maintaining a disciplined and rational mindset. Factors such as emotional control, patience, and the ability to handle losses are crucial components of a trader's psychological makeup. The article will explore techniques to cultivate a resilient mindset, addressing the common pitfalls that novice traders often encounter. Risk Management (40 Marks): Arguably the most critical aspect of successful trading, risk management deserves the lion's share of consideration. This section delves into the methodologies and practices that traders should adopt to protect their capital. Key areas of discussion include position sizing, setting stop-loss orders, and diversification. The article will emphasize the importance of preserving capital and preventing catastrophic losses, assigning points based on the thoroughness and effectiveness of the risk management approach. Conclusion: In conclusion, the path to becoming a successful trader hinges on the harmonious integration of trading strategies, psychology, and risk management. While a strong trading strategy provides direction, a disciplined mindset ensures adherence to the plan, and prudent risk management safeguards against significant setbacks. Traders must recognize that neglecting any one of these pillars compromises the overall structure of their trading endeavors. By assigning marks to each component, this article underscores the balanced significance of these three elements and emphasizes their collective role in achieving success in the complex world of trading. I'm Shaw, a seasoned forex trader with 14+ years of success. Whether you're new or experienced, I'm here to help you achieve long-term profitability. Trending Hashtags: #TradingSuccess #TraderMindset #RiskManagement #TradingStrategies #FinancialMarkets #TradingPsychology #InvestmentStrategy #CapitalProtection #MarketDiscipline #ProfessionalTrader
FOREXCOM:XAUUSDEducation
by shaw42
YNDX Stock: Unveiling Bullish Secrets Amidst Restructuring DelayProfessional Technical Analysis for YNDX Stock : Navigating Bullish Momentum Amidst Restructuring News Introduction: The recent restructuring announcement by Yandex, the tech giant, has triggered speculation and rumors, introducing an intriguing dynamic to the YNDX stock landscape. This professional technical analysis aims to decipher the implications of the delayed restructuring deal and assess the emerging bullish momentum. Market News and Restructuring Delay: The article on Investing.com ( www.investing.com ) provides insights into the anticipated delay of Yandex's restructuring deal until early 2024. This development has sparked market speculation and fueled rumors, adding an element of uncertainty to YNDX stock. Technical Analysis - Bullish Momentum: Post the restructuring delay announcement on the 25th, a surge of bullish momentum has been detected on the weekly timeframe for YNDX stock. A breakout candle has emerged, signaling a potential continuation of an ascending triangle pattern towards the 3110.6 mark. This pattern suggests a positive outlook, and traders are advised to monitor the developments closely. Key Price Levels to Watch: Take Profit at $2497.0 : The initial target for profit-taking aligns with the ascending triangle's breakout, presenting an opportunity for traders to capitalize on the bullish momentum. Take Profit at $2613.8 : As the momentum builds, the second profit-taking level serves as a strategic point to secure gains, anticipating further upward movement in YNDX stock. Take Profit at $2733.4 : The third and final profit-taking level represents a calculated exit point, considering the evolving market dynamics and the ascending triangle pattern's potential continuation. Conclusion: In conclusion, the delay in Yandex's restructuring deal has introduced an element of uncertainty, sparking rumors and speculation in the market. The subsequent surge in bullish momentum, particularly evident on the weekly timeframe, paints a positive picture for YNDX stock. Traders are advised to exercise caution and closely monitor the ascending triangle pattern's development, with the identified profit-taking levels serving as strategic guides in navigating this dynamic market landscape.
RUS:YDEXLong
by wikitrades
3
BITCOIN SUPPLY AND DEMAND I have shown the supply and demand zones on the graph. At this point it remains to be seen how the price will react 43.6k$-44k$ . If we see acceptance, prices of 48K-50k are very possible. If we get a big rejection, it will be a trigger that the sellers are in advantage and we will have to look for strength in another zone (demand zone). Right now it's late to trade (long), so it's better to be patient and wait to see the reaction. I always go against the majority, and so far the sentiment is very positive. Big volume on sale and I think that in this in-between zone (where there is no trading) everyone will lose. Closing the week above $43.6k will be a very good indicator for continuation. I'm definitely of the opinion that bitcoin has done most of its work, it's time for ETH and I think 2024 is its year
BITSTAMP:BTCUSD
by learnfromfailure
1
NEAR LONG IDEA (continuation of the altcoin analysis series)Near has been showing strength in the last couple of days. Here are two scenarios I see: Rejection of 1,555, hold above 1,177 and continuation up(200MDA + 100MDA) Do not do anything below that price Target : 2.835 - 6 Continuation of growth to 2,344, return to the maximum to 1,613 and continuation up Target : 6 The trend change is also shown on OBV. In order for this to happen, you need retail that is optimistic
Long
by learnfromfailure
GBPNZD ____ INCOMING BEARISH MOVEHello Guys, This pair has been on my radar for a long time now. Let's break down this pair. On the monthly timeframe, a bearish CHOCH was formed and if you use your fib to measure the retracement, you will notice that the price has retraced more than the equilibrium price, meaning that GBPNZD is in a premium zone. This doesn't mean it would be wise to short the pair just like that. On the weekly timeframe, using your fib you will also notice that price has retraced to the equilibrium price. On the daily timeframe is where it gets interesting, notice the sell-side liquidity (equal lows) and also the imbalance (FVG) as drawn on my chart. Also, price has formed a bearish CHOCH on the daily timeframe. If price should retrace into the daily supply orderblock, I will go into the 1 hour timeframe to wait for my trade setup. Keep this pair on your radar. Follow for more updates like this. Cheers, Jabari
Short
by jabariofafrica
2
Unlocking the Secrets of the Rising Wedge Pattern 📈🔍 Unlocking the Secrets of the Rising Wedge Pattern 📈🔍 ✅The rising wedge pattern is a powerful technical analysis tool that can offer valuable insights into potential future price movements in the financial markets. This pattern is characterized by converging trend lines, with the upper trend line sloping upwards and the lower trend line sloping downwards. Traders and investors often use the rising wedge pattern to anticipate potential reversals or breakouts in the market. Here we can see a rising wedge before the breakout ✅Understanding the Rising Wedge Pattern: The rising wedge pattern typically forms during an uptrend and is considered a bearish reversal pattern. This pattern suggests that the upward momentum is weakening, and a potential trend reversal may be on the horizon. As price continues to oscillate between the converging trend lines, it creates a narrowing price range, indicating increasing indecision and potential impending volatility. ✅Key Characteristics: - Converging trend lines - Upward sloping upper trend line - Downward sloping lower trend line - Decreasing trading range - Bearish reversal potential Here we can see a rising wedge pattern after the breakout. The pattern evidently played out well. ✅Examples: 1. Stock Market Example: In the stock market, a rising wedge pattern may develop on the price chart of a company's stock during a prolonged uptrend. As the pattern unfolds, traders and investors monitor the potential breakout or breakdown of the pattern to make informed trading decisions. 2. Forex Market Example: In the forex market, the rising wedge pattern can be observed on the price chart of a currency pair. Traders analyze this pattern to anticipate potential trend reversals and plan their entry and exit points accordingly. Here is one more rising wedge breakout example ✅Conclusion: The rising wedge pattern is a valuable tool for technical analysts and traders seeking to gain an edge in the financial markets. By identifying and understanding the characteristics of this pattern, market participants can better anticipate potential trend reversals and capitalize on emerging opportunities. By incorporating the rising wedge pattern into their analysis, traders can enhance their ability to make informed decisions and navigate the dynamic landscape of the financial markets. 📊💡
OANDA:XAUUSDEducation
by TopTradingSignals
1
$EURUSD Bulls are Back once AGAIN? - LONGEURUSD Financial Review: Navigating Current Conditions and Projecting Trends" Introduction: The FX:EURUSD currency pair is currently poised for significant developments, with a projected bullish trend following a rapid correction. This analysis incorporates both trend and technical indicators, providing insights into the potential future movements of the pair. Technical Analysis: Our technical analysis, conducted on the 2-hour timeframe using the w.aritas.io indicator, reveals a convergence of probability bands, specifically the On-Balance Volume (OBV) and Relative Strength Index (RSI), as well as Money Flow with Moving Average Convergence Divergence (MACD). This convergence signals a stabilized market with reduced asset volatility, indicative of an equilibrium state. Minor fluctuations may trigger a bullish momentum, attracting further MoneyFlow into the asset. Anticipated Bullish Boost: We anticipate a bullish boost to commence as the pair approaches the critical zone around 1.08275 . Upon testing this zone, a light retracement is expected, followed by a resurgence of bullish momentum. This trend initially formed on October 16, 2023 , coinciding with positive movements in stocks and Treasury yields. Our projection suggests a continuation of this bullish trend towards our target profit zone, TP #2, around the 1.126 mark. USD Strength and Economic Resilience: In contrast to the EUR's projected bullish trend, we maintain the view that the USD is poised for broad strengthening into early 2024. This expectation is grounded in the economic resiliency of the United States and the Federal Reserve's cautious approach, with no imminent easing anticipated until the middle of the following year. These factors collectively position the Greenback favorably for the coming quarters. JPY Weakness and Intervention Concerns: Turning attention to the JPY, notable insights from Bloomberg.com highlight the potential for the yen to weaken by more than 10% due to the Bank of Japan's commitment to ultra-easy monetary policy. This contrasts with the Federal Reserve's tightening stance aimed at curbing inflation. The yen's potential decline, as suggested by Sakakibara, could reach levels near 160, prompting concerns of intervention by the Bank of Japan to mitigate its slide. Additional Context: For further context on the FX:USDJPY situation, readers are encouraged to explore the comprehensive analysis available at www.fxstreet.com This source provides valuable insights into the dynamics shaping the FX:USDJPY currency pair, offering a more detailed understanding of the factors influencing its movements. Conclusion: In summary, the FX:EURUSD pair is poised for a bullish trajectory , with technical indicators signaling a stabilized market. Concurrently, the USD is expected to strengthen, while the JPY faces potential weakness and intervention challenges. Traders and investors should remain vigilant, considering the nuanced interplay of global economic factors influencing currency markets.
Long
by wikitrades
3
GBPUSD: The dollar's grip on FX will weaken in 2024, poll showsThe US dollar's influence on the foreign exchange market is likely to weaken in 2024, especially in the second half of the year, according to a study by Currency Strategists. The survey, which included the views of 71 analysts, found that expected U.S. Federal Reserve interest rate cuts next year could lead to a weaker dollar against G-10 currencies. other. The dollar, which has been a mainstay in foreign exchange markets since mid-2021, showed signs of weakness last week following dovish comments from some US Federal Reserve officials. This change in tone caused the dollar index to fall 3.0% in November, its biggest monthly decline in a year. The strength of the US economy is the main reason for the dollar's strength, with last quarter's annualized growth of 5.2%, the highest level since the final quarter of 2021. But analysts expect the dollar's weakening trend to continue next year, with most of the decline occurring by the end of 2024. Lee Hardman, senior currency strategist at MUFG, commented on the outlook: Challenges in global economic growth outside the United States are reasons to be cautious in predicting an immediate decline in the dollar. The dollar is expected to maintain some resilience in the first half of 2024, but strategists cannot agree on the factors that will determine its performance. Among the analysts, 20 cited interest rate differentials as potential factors, 17 cited economic indicators, seven cited demand for safe assets, and three cited other reasons.
Short
by Chart_MasterPro
New Traders Ask, Experienced Traders Answer: Q&AHello TradingView Community! 🔸We're excited to launch a unique Q&A session right here! If you're new to trading and have questions, this is your chance to get them answered by seasoned or just other traders. Whether it's about technical analysis, trading psychology, or managing risks, feel free to ask anything related to trading. 🔸Experienced traders, we invite you to share your wisdom and insights. Your knowledge is invaluable, and this is a great way to give back to the community. Guidelines:👇 - Please keep questions and answers respectful and constructive. How It Works:👇 - New traders: Post your questions in the comments. - Experienced traders: Reply to these comments with your answers. - Let's make this a rich learning experience for everyone involved. We're looking forward to your questions and the insightful discussions they spark! P.S.: All the information shared here will be based on personal knowledge and the personal experience of traders! This is just an opinion, not financial advice! Happy Trading!
COINBASE:BTCUSDEducation
by SwallowAcademy
16
Navigating Moving Averages: Decoding Simple vs. Exponential 📊📈 Moving averages (MA) serve as foundational tools in technical analysis, offering insights into market trends and potential entry/exit points. This article delves into the comparison between two primary types: Simple Moving Averages (SMA) and Exponential Moving Averages (EMA), providing traders with a comprehensive understanding of their differences, applications, and advantages. Differentiating Simple and Exponential Moving Averages 1. Simple Moving Averages (SMA): - Calculate by averaging closing prices over a specified period, providing a smooth representation of price trends. 2. Exponential Moving Averages (EMA): - Prioritize recent prices, assigning more weight to the latest data points, leading to quicker responses to price changes. Understanding the differences and applications of Simple and Exponential Moving Averages empowers traders with versatile tools for analyzing trends and making informed trading decisions in various market conditions. 📊📈 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
2
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Once again we smashed another target taking the Bull all the way up into our 2047 target with only 2066 remaining. Buying from dips allowed us to manage any swings safely. Although the weighted level break has opened 2066, the target will be solidified with a ema5 lock confirmation above 2047. Once again we had plenty of time to get in for this movement, as the weighted level lock confirmed the breakout in advance. 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 the 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2010 - DONE EMA5 CROSS AND LOCK ABOVE 2010 WILL OPEN THE FOLLOWING BULLISH TARGETS 2018 - DONE 2032 - DONE EMA5 CROSS AND LOCK ABOVE 2032 WILL OPEN THE FOLLOWING BULLISH TARGETS 2047 - DONE 2066 EMA5 CROSS AND LOCK BELOW 1978 WILL OPEN THE SWING RANGE SWING RANGE 1952 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! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
THE KOG REPORTKOG REPORT: In last week’s KOG Report we said we would face a difficult week on the markets and will be looking for higher pricing on Gold, and if price did start with a decline, we would be looking for the levels 1970-65 for a strong support before attempting the long trade into the target regions we had above. We gave KOG’s bias level as 1965 bullish above and a target price of 2003 on our morning review and update. Looking at the move that occurred, it couldn’t have been anymore precise with the low being put in at 1965 and the target regions above completing. Another successful week on the markets with not only on Gold, but the numerous other pairs we analyse and trade. So, what can we expect in the week ahead? It’s the end of the month, so expect there to be some profit taking across the markets which will cause a lot of volatility. It’s a good idea for most traders, but especially new traders to sit out of the markets during these periods, rather spending their time on education, practicing, and improving their techniques and strategies. Gold, we can see higher pricing, however, again, how high are they going to take it? We’re looking for two moves this week, either the long from the immediate support level or KOG’s bias level which we’ll issue, or a short if price continues to the upside from the open. We’re a too high to get a decent entry from this level, so Monday could be played sitting on the sidelines waiting for price to make a move into the levels we want before attempting a trade. Of course, we’ll also be waiting for our trusted Excalibur to guide us. Levels of interest on the downside are the 1990-85 levels, where, if support holds, we feel an opportunity to long the market into the higher resistance levels could arise. We’ll be monitoring the 2010-15 resistance closely, if achieved, this is where we feel a reaction in price may take place, potentially giving bears an opportunity to short the market back down into the support levels below. A break of that level will continue the move into the previous order region 2030-35 so it could be an idea to hold a runner for higher pricing. A weekly and monthly close above that 2020 level is important for bulls and it’s likely there will be a fight for the close, so please trade this wisely, if you’re going to trade it. On the flip, if price does continue to the upside from the open, we’ll again be looking at 2010-15 for a reaction in price, otherwise, we’ll trade this level to level long on the intra-day using our red box strategy until we feel there is an opportunity to short it back down. KOG’s bias for the week: Bullish above 1985 with targets above 2010 and above that 2015 Bearish on break of 1985 with targets below 1975 and below that 1965 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
FX:XAUUSD
by KnightsofGold
6
Apple starting to look toppish....time for a pull back?Just got a "Sell Alert" from my customer SSG Indicator on Apple. Last 2 times this happened we saw the price quickly pull back into the direction of the 100 days EMA. Looking actually to trade this by short-selling Calls with with a strike of 200 that expire in 1 month. However, due to Thanksgiving I expect that the volatility is not going to be very high on a friday, thus I will see later if I can get a decent premium for the risk.
NASDAQ:AAPLShort
by CryptoForMoney