fxwithkay

fxwithkay

Market Structure & Bias: The chart shows a clear downtrend with lower highs and lower lows. Price recently retested a previous support zone and bounced back slightly. The Sell Zone around 2893 – 2909 has been marked as a key area of interest for potential short positions. Possible Scenarios 1️⃣ Bearish Bias Primary Setup Price pushes into the Sell Zone 2893 –...

fxwithkay

Gold has broken below a key consolidation zone, indicating potential for further downside. 🔹 Sell Zone: Watching 2902 - 2905 for a possible retest before continuation. 🔹 Bearish Confirmation: A rejection at this zone could signal further selling pressure. 🔹 Target: A move towards 2854 if price respects the structure. 📌 Trading Plan: ✅ Wait for a pullback to the...

fxwithkay

Bias: Sell 🔴 (If Price Breaks Below 2892 - 2890) Reasons for Sell Bias: 1️⃣ Rejection from 2940 Resistance • Price reached a key resistance zone and strongly rejected downward, showing seller dominance. 2️⃣ Bearish Momentum & Breakdown • The market has been making lower highs and lower lows, indicating a shift to a downtrend. 3️⃣ Potential Break of 2892...

fxwithkay

Looking at the chart, Gold is currently ranging within a Ranging Box and is testing a key Sell Zone at 2863 - 2866. Expected Market Movements: 1. Bearish Move First: • If price respects the Sell Zone, we might see a short-term drop to lower support levels around 2850 - 2827 before gathering liquidity. 2. Bullish Reversal Expected: • After liquidity grab at...

fxwithkay

Gold is currently in a strong bullish trend on the H4 timeframe, consolidating near 2867 after a sharp rally. Based on NFP expectations: 🔹 Possible Fake-out: We might see an initial bearish spike (liquidity grab) to sweep weak buyers before the main bullish move continues. 🔹 Key Levels to Watch: • Support: 2845 - 2830 zone (potential buy area if price wicks...

fxwithkay

Reasons for Buy Bias: 1️⃣ Support Zone Around 2854 - 2856 • Price has reached a key support level and is showing rejection wicks, indicating buyers may step in. 2️⃣ Oversold Pullback Potential • After a strong drop, price may need a retracement before deciding the next major move. 3️⃣ Bullish Wick Rejections on Lower Timeframes • If price holds above 2854,...

fxwithkay

Bias: Sell 🔴 Reasons for Sell Bias: 1️⃣ Rejection at Resistance (2862 - 2870) • Price has reached a key resistance zone and is showing signs of rejection with a strong bearish candle. 2️⃣ Overextended Bullish Move • Gold has been in a strong uptrend, but this sharp rally might need a pullback before continuing higher. 3️⃣ Bearish Candlestick Formation • The...

fxwithkay

Given the potential impact of today's CPI release, my bias leans slightly towards sell for XAU/USD, assuming the CPI comes in higher than expected, which would likely strengthen the U.S. dollar and increase the likelihood of further rate hikes from the Federal Reserve. This scenario would put downward pressure on gold prices. However, if the CPI data comes in...

fxwithkay

NFP Bias: The outlook for today is slightly bearish on XAU/USD if the NFP report indicates strong economic data, as this would likely strengthen the USD and increase the likelihood of further interest rate hikes. However, flexibility is essential, as a downside surprise in the NFP report could signal a potential bullish rally for gold. In summary, trading should...

fxwithkay

NFP Bias: The outlook for today is slightly bearish on XAU/USD if the NFP report indicates strong economic data, as this would likely strengthen the USD and increase the likelihood of further interest rate hikes. However, flexibility is essential, as a downside surprise in the NFP report could signal a potential bullish rally for gold. In summary, trading should...

fxwithkay

• Bearish Outlook: If both the ADP and ISM data came out strong, indicating a solid U.S. economy, this would likely strengthen the USD, leading to a bearish trend for XAU/USD during the New York session. • Bullish Outlook: On the other hand, weaker-than-expected ADP and ISM PMI data would suggest economic concerns, potentially weakening the USD and pushing gold...

fxwithkay

Today’s Projections for XAU/USD in the New York Session: If today’s ADP Non-Farm Employment data comes out stronger than anticipated, expect a possible bearish trend in XAU/USD as the dollar strengthens. Conversely, a weaker-than-expected report could drive gold prices higher, suggesting a bullish trend for XAU/USD during the New York session. Additionally,...

fxwithkay

The ISM PMI (Institute for Supply Management Purchasing Managers Index) is a key economic indicator that can significantly impact XAU/USD (gold). Generally, when the ISM PMI is higher than expected, it indicates economic strength, which can strengthen the USD and put downward pressure on gold prices. Conversely, a lower-than-expected PMI suggests economic...

fxwithkay

Short positions below 1998.00 with targets at 1985.00 & 1975.00 in extension. As long as the resistance at 1998.00 is not surpassed, the risk of the break below 1985.00 remains high. Keep a keen eye on the New York session. For additional insights into my trading strategy, feel free to reach out to me via DM. My inbox is always open for discussions and questions.

fxwithkay

Set a sell limit at 2045.65 with targets at 2040.67 in extension. If 2035.111 continues to act as resistance, expect choppy price action with a bearish bias. The critical sell level remains at 2045.65 for today. After the CPI impact news , I anticipate the price to sustain its bearish momentum and continue moving downward. Keep a keen eye on the New York...

fxwithkay

Gold remains in a bearish trend from a higher time frame perspective. However, today, I anticipate a bullish move during the New York session. Let's keep a close watch and see if the market aligns with our analysis. Join me in the New York session for updates and insights. 📈✨ All trades given are based on my analysis and therefore would provide varying...

fxwithkay

The critical sell level for today remains at 2035.111. With no impactful news, I anticipate the price to sustain its bearish momentum and continue downward. Keep a keen eye on the New York session. For further insights into my trading strategy, feel free to connect with me via DM. My inbox is always open for discussions and questions

fxwithkay

Happy New Year! Welcome to a year filled with endless possibilities in forex trading. It's great to be back. Now, let's dive into the charts. Key Points: Market Analysis: Upon examining the charts from a higher time frame, we notice a potential sell trend emerging. However, it's essential to remain open to long positions as well. Decision Making: The choice...