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Trend Line Break

Gold is in a downtrend, entry sell todayGold prices in the international market increased sharply amid weak US economic data. Specifically, the purchasing managers index (PMI) in the manufacturing sector decreased from 49.2 points to 48.7 points. This has reinforced market expectations that the US Federal Reserve will cut interest rates by the end of 2024. In response to the above information, financial investors sold off USD, causing the currency to fall to its lowest level in the past 3 weeks. USD Index dropped to 104 points. Gold price today has momentum to go up. On the other hand, US bond yields fell to 4.4%, meaning the value of bonds went down. Accordingly, investors sell bonds and shift capital to precious metals. Today's world gold price increases by tens of USD/ounce is inevitable.
TVC:GOLDShort
by FalCol_TradingMaster
Sideway gold, selling strategy todayWorld gold prices increased with spot gold increasing by 21.5 USD to 2,350.5 USD/ounce. Gold futures last traded at 2.3716 USD/ounce, up 25.6 USD compared to yesterday morning. Gold 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 that raised the possibility that the US Federal Reserve (Fed) will cut interest rates this year pushed the dollar to a three-week low and benchmark US Treasury yields fell. dropped to its lowest level in 2 weeks. According to High Ridge Futures Chief Investment and Alternative Trading Officer David Meger, the positive trend in gold comes from strong expectations that interest rates will be cut at some point later this year. Accordingly, the latest economic data makes investors believe that interest rate cuts will soon be implemented. Late last week, data released showed US inflation stabilizing in April. This has increased bets on an interest rate cut in September. Traders are currently pricing in around 56%. The possibility of cutting interest rates in September, increased sharply compared to before the report.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD → Correction for liquidity. Should we wait for the fall?FX:XAUUSD has been updating the low to 2314 since the opening of the session and is forming a correction within which it is testing the previously broken consolidation support. The fall may continue from the liquidity area. The fundamental and technical background for gold is negative at the moment. A possible area of interest for the market may be the area of 2305 - 2280. Accordingly, based on the general data, we can assume that a retest of the resistance area 2328-2336 may end in a false breakdown with a subsequent decline to the targets indicated on the chart. There is a possibility of price entry into the range and an attempt to rise to 2354, but in general, it will be regarded as an attempt to gather a more liquid position before reaching a global and promising target. Let me remind you that globally we have a bullish trend, within which a local bearish trend is forming. Resistance levels: 2328, 2336, 2354 Support levels: 2306, 2285 It is worth to keep an eye on the mentioned resistance areas. False breakdown followed by price consolidation below the mentioned zone will be a confirmation of bears' readiness to go down. Regards R. Linda!
FX:XAUUSDShort
by RLinda
5
Today's trading trend, entry buyLast week, world gold prices fell due to continued pressure from strong economic data and "tough" stances from US Federal Reserve (FED) officials. According to experts, this week's gold price will have many fluctuations when the market receives a lot of important information such as the purchasing management index report in the manufacturing and service sectors, the number of applications for unemployment benefits and May non-farm payrolls. Besides, the Central Banks' decision on interest rates this week will likely cause the market to recalculate the timing of the FED's interest rate easing. Marc Chandler, CEO at Bannockburn Global Forex, said that this week the European Central Bank (ECB) and the Bank of Canada are likely to cut interest rates. "Gold prices seem ready to go higher and the move above 2,372 USD/ounce is an indicator of precious metal prices conquering the 2,400 USD mark again," said Mr. Marc Chandler. Sean Lusk, co-head of commercial hedging at Walsh Trading, said that short-term interest rates may have peaked, putting pressure on the USD and possibly causing gold prices to rise again. According to Kitco News, this week, the majority of experts and retail investors expressed optimism about the short-term prospects of precious metals, with only a few of them keeping a neutral or bearish stance. Specifically, 6 Wall Street experts (equivalent to 60%) think that gold prices will increase higher this week. 2 analysts (20%,) predict the price will decrease and the remaining 2 investors think the precious metal will move sideways in the short term.
TVC:GOLDLong
by FalCol_TradingMaster
Strategy at the beginning of the week, gold increased slightlyWorld gold prices tend to increase with spot gold increasing by 2.3 USD compared to last week's closing level to 2,329 USD/ounce. World gold prices this week are forecast to have a lot of fluctuations when the market receives a lot of important information, including the purchasing management index report in the manufacturing and service sectors, and the number of applications reported. unemployment benefits and non-farm payrolls report for May. In addition, investors will also closely monitor developments and interest rate decisions of the Bank of Canada and the European Central Bank. Central banks' decisions this week may cause the market to recalculate the timing and scale of interest rate easing by the US Federal Reserve (Fed). Recently, in the context of economic instability, persistent inflation combined with geopolitical tensions and rising interest rates, gold prices have had a notable surge. At the end of May, this precious metal broke the record level reached in mid-April exceeding the mark of 2,400 USD/ounce. However, the price of this precious metal has turned down due to strong economic data combined with "hawkish" statements from Fed officials. A recent article on CBSnews gave reasons why investors should buy gold when prices fall. According to the article, June is the right time to buy gold. Accordingly, after conquering the all-time high of 2,439.9 USD/ounce, gold has dropped more than 100 USD. The sharp decline in prices provides favorable opportunities for those who want to buy gold at a relatively lower price. Besides, short-term fluctuations in gold are difficult to predict. Therefore, it is unlikely that current price levels will last as gold prices could recover or even surpass previous record highs within days or weeks. Therefore, the advice is that investors should not miss the opportunity to buy gold at lower prices.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD → The calm before the storm. 2400 or 2200?FX:XAUUSD reduces volatility and shrinks into a narrow range before the news. US GDP did not play any role and traders are waiting for the general fundamental background. Locally, the downtrend. The trend is downtrending, but on yesterday's news the price is trying to break the channel resistance, forming a consolidation of the price above the line. But if the price returns to the channel, due to the formed consolidation, the market may see a strong momentum towards 2280. Ahead of the news, traders are waiting for PCE. But, the market believes that the index will remain at the same level and this generally complicates the situation because if in fact the situation changes it may trigger a violent reaction Resistance levels: 2354, 2374 Support levels: 2328, 2306 Globally bullish trend, but there is no strong buyer yet. Everyone is waiting for the news. Locally the trend is bearish, to confirm the change of the trend to a local bullish one, the price should overcome the area of 2354 - 2364 and consolidate above, in this case - the way to 2400. But, a break of 2328 will make the market panic Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
MPSLTD indicating Increase in Strength by Breaking Trend LineCompany has reduced debt. Company is almost debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%. Company has been maintaining a healthy dividend payout of 39.7%. Company's working capital requirements have reduced from 34.3 days to 10.4 days. Reported Revenue 545.3 Cr Reported Revenue YoY +++ 8.83 % EBITDA +++ 169.9 CR EBITDA Margin +++ 31.15 % EPS Growth YoY +++ 9.61% Tremendous Growth Opportunities • Maximize cross-sell and upsell with captive customer base of 750+ customers. • Scale central growth and marketing engine to acquire new customers and expand geographic footprint. • Consistent investment and deployment of new capabilities across lines of business. • Enter adjacent markets by re-configuring products/services. • Play the role of a Consolidator in a highly fragmented market. MPS is a B2B learning and platform solutions company powering education, and research for corporates. MPS has unlocked a new growth trajectory due to the combined effect of lower attention spans, rapid growth in digital consumption, and the recent advances in AI/ML.
NSE:MPSLTDLong
by iism-ExpertTrading
1
FOXY THE NEW MEME RACE --> INTERESTING TIMES SEEMS TO STARTHello traders, BTC the main coin is in a stable trend, which means more coins are stable and have low market movement. FOXY Shows an exciting start trend of a high possibility of a new HYPE start. Some confirmations show that FOXY can soon enter into new increased volume, which is at this moment since the last time frames are building. In the coming days, FOXY should show us if it's the start hype coin for the future time as the data shows. This is not a trading or finance advice. Trade only depends on your plan and what has worked consistently. This chart will get updates, follow the last updates here below.
Long
by SatochiTrader
NZDUSD → Pre-breakdown consolidation. Next, 0.62?OANDA:NZDUSD breaks the bearish trend in early May and confirms the fact that bulls appear on the market. The fundamental background is positive and growth can be considered in the long term. Earlier the price tested a strong descending resistance by a false breakdown. There was no proper reaction in the form of a change of trend or a strong fall. Consolidation is being formed. If the price continues to pull up to the upper boundary of the triangle on D1, the pre-breakout prospect will only intensify. On H1 it is worth paying attention to the range 0.6170 - 0.6083. Anything can happen on the background of the news, so it is worth watching the reakitsa of the ruck to the mentioned borders. A false breakdown of support before further growth is possible. Resistance levels: 0.6170, 0.6217 Support levels: 0.6083, 0.6000 I expect that the trend may get its continuation. The market is extremely calm now, as there is strong news ahead that could determine the medium-term outlook Regards R. Linda!
Long
by RLinda
7
WIFUSDT → Resistance Breakthrough. Will there be a rally?BINANCE:WIFUSDT shows quite interesting preconditions for a possible rally. The coin breaks the consolidation resistance and at the same time looks stronger than the market. The coin has been in the consolidation stage for two months. Now the price is breaking the triangle resistance and consolidating above 3.256, which generally determines the medium-term intentions of the market. The level of 3.561 is ahead and the main task of the bulls is to overcome this obstacle. If buyers are able to pass this zone and form a consolidation above, only 4.850 is ahead. Resistance levels: 3.561, 4.343 Support levels: 3.256, 2.92 I expect the continuation of growth to the nearest resistance with its further breaking and growth to the previously mentioned targets. Regards R. Linda!
Long
by RLinda
2
SWING TUTORIAL - DIVISLABWatch how the stock was on a continuous Lower Low Patter and formed a Lower Low Trendline. Simultaneously, there was also a formation of Convergence Divergence indicating an upward move. Stock also broke out of the trendline with a strong green candle. While the MACD Cross indicated a good entry after the Convergence Divergence, the breakout from the Trendline later indicated a confirmation for a move upward. Coincidently, the stock also made a new Support zone at 3299 after a strong breakout from trendline. Another MACD cross has also successfully happened in the last few weeks. Do you think the stock can reach its All Time High again? Give your comments in the Comments Section below:
NSE:DIVISLABEducation
by thepranam
Gold price continues to decrease, strategy to sell todayWorld gold prices remained stable this morning as traders focused on the Personal Consumption Expenditures Price Index (PCE) report, the FED's preferred inflation measure, expected to be released this evening. can provide a more specific view on the timing and extent of interest rate cuts by the FED this year. According to financial and securities market analysis site MarketWatch, inflation will increase by 2.7% over the same period last year. If this forecast is correct, it means that April inflation remained unchanged compared to March, that is, this inflation level is still much higher than the FED's 2% target. A weaker dollar, lower yields and the recent stock market sell-off have provided bullish momentum for gold, said Kitco senior analyst Jim Wyckoff. Regarding the outlook for precious metal prices, experts say that, along with central banks continuously adding gold to their reserves, demand from Chinese investors will continue to increase in the near future. coming will bring solid support for gold.
TVC:GOLDShort
by FalCol_TradingMaster
Today's trading strategy, sell XAUUSDWorld gold prices increased slightly with spot gold increasing by 5.7 USD to 2,342.6 USD/ounce. Gold futures last traded at 2,364.5 USD/ounce, up 27.6 USD compared to yesterday morning. Gold prices reversed to increase after the latest published data showed that economic growth in the US has slowed down from the beginning of the year until now. According to preliminary data on first quarter GDP released by the US Bureau of Economic Analysis on May 30 (US time), the US economy achieved growth of 1.3% in the first 3 months of the year, lower than the previous quarter. The previous forecast was 1.6% and down from 3.4% reported in the fourth quarter of 2023. Both the dollar and Treasury yields fell on expectations the US Federal Reserve (Fed) will cut interest rates this year increased after the report. ActivTrades senior analyst Ricardo Evangelista said that recently, traders' views have increasingly favored the scenario that the Fed will keep interest rates higher for longer, increasing the opportunity cost of holdings of the yellow metal and creating strong price resistance. However, this expert said that gold has benefited from strong safe-haven demand due to fears of geopolitical instability and economic instability, as well as large state purchases. He hopes that these factors will likely continue in the near future.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD → The news will determine the medium-term outlookFX:XAUUSD is updating the low and forming a false break of support. Fundamental and technical background is negative. A quick retest of 2328 may lead to a fall, but there is NEWS ahead! Before the news, gold goes into a local flat 2360 - 2330. The market is gathering potential and liquidity before the news. GDP and Initial Jobless Claims are ahead. This time traders expect an extremely low GDP: 1.6% This is generally negative for the US market, in general this figure is logical based on general market indicators, but traders pay attention to the actual data. It is also worth paying attention to Initial Jobless Claims. Technically, under the current circumstances, a decline is possible after a retest of resistance. But, if the news is contradictory, the price may break the resistance, consolidate above 0.236 Fibo and head towards 0.618 (25-30% probability). Resistance levels: 2343, 2347, 2354 Support levels: 2335, 2328, 2306 The gold market is dominated by bears on the background of general economic conditions. Globally, the trend is still bearish and a correction is forming within it. Today is a purely fundamental day and you should not get into the market before the news. Regards R. Linda!
FX:XAUUSDShort
by RLinda
7
LINK → The potential is at +100%. Waiting for a breakoutBINANCE:LINKUSDT enters a new range, after updating the local maximum, against the background of the general market correction, the coin is declining. Support retest is possible. The resistance at 18.320 plays a key role for the coin. A false breakout and correction is forming. A quick retest of the resistance or a pre-breakdown consolidation will hint that the market is ready to go higher. Now we should wait for a flat support retest and watch the price reaction to this area. A false breakout followed by price consolidation above this area will be a signal for buyers. Resistance levels: 18.320, 0.618 Fibo (D1) Support levels: 13.328, 16.60 The fundamentals are quite strong. The bulls need to consolidate above the key zone to make important decisions. The coin has a potential of +100% Regards R. Linda!
Long
by RLinda
3
GOLD → Break of the support of consolidation. Next is 2300?FX:XAUUSD is still bearish. The price is trying to leave the corrective range, which is formed after the false breakdown of support. The market is preparing to go lower. On the 1H timeframe it is becoming clear who is showing dominance in the market. There is no strong buy yet, apparently, before the GDP and PCE publication on Thursday and Friday, no one dares to enter the market early. (Presumably, the dollar may get another dose of support, which could weaken gold even more). I think that in the short term the price may retest 2335. Resistance levels: 2354, 2364 Support levels: 2335, 2328, 2306 Consolidation of the price below the previously broken local uptrend support (dotted line), will be a confirmation of the market's intention to go down. A quick retest of 2335 may lead to a break of support and further fall to 2300 Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
EURUSD → False resistance breakout. Decline to 1.075?EURUSD is testing range resistance and forming a false breakout with further confirmation of the boundary. The bears are strong and are not letting the price beyond 1.0884 yet. On Thursday and Friday strong and important news are published. Traders are interested in US GDP and PCE. There is a high probability to see data that could be bullish for the dollar in the current circumstances. As for EURUSD - trading inside the range may continue. Technically, I am waiting for a bounce from the local trend support and a retest of the resistance before a further decline. Resistance levels: 1.0884, 1.0942 Support levels: 1.0802, 1.0736 False break of resistance is a confirmation that the price is not ready to go up yet. A breakdown of the scenario is possible, if the price breaks through and consolidates above 1.0884, but there are no reasons for that. We expect a breakout of 1.0836 with the purpose of further fall. Regards R. Linda!
Short
by RLinda
2
Continuing downtrend, entry sell todayAnalysts say world gold prices dropped after an official of the US Federal Reserve (FED) commented on monetary policy. This person believes that high US interest rates will be kept stable, or even increased if necessary. Immediately, the currency market reacted. The USD increased in price compared to many other strong currencies, putting pressure on gold prices today. In particular, US bond interest rates suddenly increased to 4.6%. That means the value of bonds declines. This has motivated investors to increase their bond purchasing power to earn profits. As a result, very little money flows into precious metals. A sharp decline in world gold prices is inevitable.
OANDA:XAUUSDShort
by FalCol_TradingMaster