Get started

Forex

Gold is waiting for market fluctuationsGold costs will remain caught until "some thing shakes up the marketplace as a whole." to get better again to 2,340 USD/ounce. This absolutely offset final week`s losses. Investors need to now no longer promote at the moment due to the fact "in case you are preserving gold long-term, there's no purpose to promote due to the fact the charge remains above 2,2 hundred USD/ounce". maximum humans are having impartial predictions gold The US economic system is slowing down, inflation is vulnerable and americaA Federal Reserve (Fed) is much less dovish. These affects lessen call for for gold, that may cause a huge promote-off. If you're preserving gold, there's no purpose to promote due to the fact the charge remains above 2,2 hundred USD/ounce. The marketplace might also additionally have few transactions, because of this that the hazard of big fluctuations. Geopolitical trends consisting of escalation in Ukraine or the Middle East ought to disrupt the marketplace, Grady said.
TVC:GOLD
by NicoTradingMaster
Gold price at the end of the session: There is still no new breaGold prices are currently correcting in a narrow range and are testing important support and resistance levels. Trading strategies should be built based on price reactions in these zones, while always considering risk management factors. Support and Resistance: Critical support: Area around $2,310,000, shown by light blue area. Key resistance: Area around $2,345,000, shown by the red area. Potential Scenarios: The price may continue to correct and retest the light blue support zone. If this support holds, the price is likely to bounce back and retest the red resistance zone. In case the price fails to hold support, it may continue to fall deeper. Trading strategies: Buy order: Consider at the support zone of 2,310,000 USD if there is a signal of a bullish reversal, with the target being the resistance zone of 2,345,000 USD. Sell ​​order: Consider if the price fails to overcome the resistance zone of 2,345,000 USD, with the target being the support zone of 2,310,000 USD.
OANDA:XAUUSDLong
by HamedMarkets
What does gold price change at the end of the session?Yesterday, gold prices found a boost, rebounding from the $2,300 level. However, this rally was short-lived and primarily represented a correction within the broader trend. The precious metal remains constrained below the trendline, with accumulation phases and bearish pressure still prevailing. Currently, the price stands at $2,320, marking a 0.33% decline for the day. Today, the market is awaiting the release of the Personal Consumption Expenditures (PCE) price index report. This report is regarded as one of the most significant inflation indicators that can influence the Federal Reserve's monetary policy, as it is the Fed's preferred inflation gauge. Given its potential to cause substantial market volatility, it is crucial to monitor this report closely and ensure that your take profit (TP) and stop loss (SL) levels are properly set when trading.
OANDA:XAUUSD
by HamedMarkets
3
XAU rises despite weak US economic dataUS economic data on June 27 was not very positive: the number of applications for unemployment benefits reached the highest level since November 2021, the number of durable goods orders showed a bad signal for Q2 GDP, sales Pending home sales hit a record low, and finally, the Kansas Fed's manufacturing activity stagnated for the 21st straight month. Keeping policy rates steady “for a while” may be enough to control inflation, but reiterate “a readiness to increase borrowing costs if necessary”. Analysts say that world gold prices will likely find it difficult to break out in the short term, at least until there is clearer information about the Fed's monetary policy. The weakening USD has pushed gold prices up above 2,300 USD According to some experts, this is a way of pricing based on factors that do not yet exist. If the AI ​​craze continues and the market bubble has not burst, the current price may still be considered cheap compared to future growth potential. However, because this index depends on expectations, the final results are still highly subjective.
TVC:GOLD
by NicoTradingMaster
EURUSD approaches multi-month-old support ahead of Fed inflationEURUSD struggles to defend the first weekly gain in four as sellers appear more inclined to revisit an upward-sloping support line from early October 2023. That said, the Euro pair’s failure to keep Thursday’s rebound from the stated support line joins the bearish MACD signals to keep sellers hopeful ahead of the US Federal Reserve’s (Fed) preferred inflation gauge, namely the Core PCE Price Index. However, a daily closing beneath the aforementioned key technical support surrounding 1.0665 becomes necessary for the bears to tighten their grip. Following that, the quote becomes vulnerable to slump toward the yearly low marked in April around 1.0600. In a case where the downbeat RSI conditions and the stated 1.0600 support fail to stop the sellers, the prices could well aim for the year 2023 to bottom close to 1.0450. Meanwhile, EURUSD recovery remains elusive unless it stays beneath a convergence of the 200 and 100 SMAs, close to 1.0790 by the press time. That said, the 1.0750 and the 1.0800 thresholds are extra upside filters to watch during the quote’s fresh rise in case of the downside US data. It’s worth noting that the Euro pair’s successful run-up beyond 1.0800 will enable buyers to aim for the 50% Fibonacci retracement of late 2023 fall, around 1.0865, but a descending trend line from early January 2024, close to 1.0900, will challenge the upside afterward. Even if the quote manages to remain firmer past 1.0900, an 11-month-long falling resistance line near 1.0990 and the 1.1000 psychological magnet will be tough nuts to crack for the bulls. Overall, EURUSD bears keep the reins ahead of the key US data but the quote’s further downside hinges on the strong US inflation clues and a clear break of the 1.0665 support.
by MTradingGlobal
USD is dominating the marketGold fees are forecast to range strongly withinside the last days of the week. In the fast term, the treasured steel`s help stage is 2,three hundred USD/ounce and the resistance stage is 2,340 USD/ounce. This treasured steel is attracting cash managers and hedge funds. Look at this need Fed Governor Michelle Bowman on Tuesday reiterated her view that maintaining coverage quotes steady “for a while” will probably be sufficient to manipulate inflation, however additionally reiterated that she is open to growing spending Loan charges if necessary. The marketplace has tilted toward the dollar after the discharge of financial facts highlighting the resilience of americaA economy, growing an possibility for the Fed to preserve excessive hobby quotes for longer.
TVC:GOLD
by NicoTradingMaster
Gold strategy today: Should Buy or Sell?Hello everyone, let's explore today's gold prices together! Yesterday, the gold market seemed relatively calm with minimal fluctuations, and the downward trend continued. Currently, the precious metal is hovering around $2321 and appears to be forming a head and shoulders pattern. If this pattern completes, we could see the price testing the psychological level of $2300 today. The strategy to sell remains the preferred approach.
OANDA:XAUUSDShort
by HamedMarkets
GBPUSD: Price is still favorable for SellersToday, GBPUSD is trading around the 1.263 level, with the main trend favoring the sellers. The technical outlook points towards further downside targets as the pair remains within a descending wedge. I will trade with the trend and prioritize selling this pair. Pay attention to the upper and lower limits to find optimal buy and sell opportunities, and be mindful of your stop loss (SL) and take profit (TP) levels when the price breaks out.
Short
by HamedMarkets
The market has tilted towards the greenback following the releasGold prices are forecast to fluctuate strongly in the remaining days of the week. In the short term, the precious metal's support level is 2,300 USD/ounce and the resistance level is 2,340 USD/ounce. This precious metal is attracting money managers and hedge funds. Look at this need Fed Governor Michelle Bowman on Tuesday reiterated her view that keeping policy rates steady “for a while” will likely be enough to control inflation, but also reiterated that she is open to increasing spending Loan fees if necessary. The market has tilted towards the greenback after the release of economic data highlighting the resilience of the US economy, creating an opportunity for the Fed to maintain high interest rates for longer.
OANDA:XAUUSDShort
by NicoTradingMaster
Gold price today: Strong decreaseHello everyone, let's find out today's gold price and see what changes! Currently, gold has just undergone a fairly strong price correction at the end of yesterday. Accordingly, the precious metal quickly plummeted from 2320 USD to the psychological level of 2300 USD and is currently trading around the threshold of 2297 USD. Accordingly, gold is receiving support around this support level but it is still controlled by the bears. Technical indicators and trend factors are still in favor of sellers and according to DOW theory, gold's target is to find the fibonacci take-profit level of 1.618. Let's wait for gold's downward move after it breaks out of the current support level!
OANDA:XAUUSDShort
by HamedMarkets
XAU weakens as USD risesGold prices continue to be influenced mainly by US interest rate expectations. And the stability in recent sessions reflects the lack of strong signals on the Fed's monetary policy. World gold prices plummeted as the USD continued to demonstrate its strength compared to most other currencies in the world Gold price dropped sharply mainly due to the increase in USD price. DXY index The Fed still follows the trend of delaying interest rate cuts to wait for US macro signals, especially inflation data. Investors are waiting for information about the personal consumption expenditure price index (PCE), expected to be announced this Friday. This is an important measure of the health of the US economy, Gold futures prices recorded modest gains at the beginning of the week, mainly due to the weakening of the USD. The USD index dropped quite sharply, contributing significantly to the rise of gold. Investors are preparing for a busy final week of the month with several important economic reports due for release.
OANDA:XAUUSDShort
by NicoTradingMaster
2
USDJPY eases within the bullish channel, sellers await 159 breakUSDJPY defends the previous day’s retreat from a two-month high as traders await Tuesday’s US Confederation Board’s (CB) Consumer Confidence figures for June. In doing so, the Yen pair remains mildly offered between the upper line of a seven-week-old rising trend channel and an upward-sloping previous resistance line stretched from early May. It’s worth noting, however, that the RSI’s pullback from the overbought territory joins a receding bullish power of the MACD signals to suggest further declines of the quote. The same highlights the aforementioned resistance-turned-support line surrounding 159.00 as a break of which will welcome sellers targeting a two-month-old horizontal support zone surrounding 157.90-70. However, the bears should remain cautious unless witnessing a daily closing beneath the 156.30 support confluence comprising the 50-SMA and bottom line of the previously stated bullish trend channel. Following that, the quote’s weakness toward the monthly low of 154.52 can’t be ruled out. On the contrary, USDJPY bulls should wait for a clear rejection of the bullish trend channel by providing a daily closing beyond 160.00. Even so, the yearly high of 160.20 and the 1990 peak surrounding 160.40 will join the overbought RSI conditions to challenge the buyers before directing them to the 161.00 round figure. If the Yen pair remains firmer past 161.00, the late 1986 peak of around 163.95 and 164.00 will be on the buyer’s radar. Overall, USDJPY remains in the bullish trajectory despite the likelihood of a short-term pullback in the prices.
by MTradingGlobal
GBPUSD Sell strategy?Hello everyone! What are your thoughts on GBPUSD today? From our chart analysis, it's evident that this currency pair is under bearish pressure. It has recently broken below the ascending trendline and is currently in a downtrend wave. Currently trading at 1.266, I believe GBPUSD might gain some short-term bullish momentum from the support around this level. However, it is likely to resume its downward trend after completing a retracement to the 0.5 - 0.618 Fibonacci levels. My target for this scenario is 1.252. What about you? Do you agree with this analysis, or do you have a different perspective?
Short
by HamedMarkets
Evaluate the strategy and outlook for gold prices today!Current Trend: The 4-hour chart shows gold in a short-term uptrend. The price is above the EMA 34 and EMA 89, showing that the upward momentum is still strong. Critical Support Zone: 2,335 USD - 2,333 USD, coincident with the EMAs, acting as a strong support zone. Key Resistance: $2,387 is the resistance to watch out for. If the price breaks this level, the uptrend could be further strengthened. Trading strategies: Buy: When the price adjusts to the support area around 2,335 USD and shows signs of rebounding. Sell: When the price approaches the resistance level of 2,387 USD and shows signs of strong rejection.
OANDA:XAUUSDLong
by HamedMarkets