GBPUSDAs posted in the latest video I recorded, I have been waiting for price to come into that sell zone, it just came in and started dropping from it. If we go now on 15min (right picture ) , we can see also that flip happened. Ideally would be to see a nice pull to the downside and then price retracing back into the London session or NY. And as Tuesday is tomorrow, we can expect to see the High/Low of the week on many pairs.
Note: Identifying weekly Highs, Lows can help you decide what positions to hold onto.
Forex
EURCHFLooking very interesting. How I see is after longer period of price consolidating it has finally dropped and that showed us that sellers are willing to step into the market. The only thing I do not like is a pullback into the sell zone so we have to look at the smaller timeframes for confirming our bias. As you know for me that is 15min. Maybe tomorrow in the London session we can se a real movement as now it is to late to enter the position - spreads can get very high in later ours due to lack of volume present, brokers, etc... But a very valid set up. If you look at the volume you will also see how much of a bearish volume is present. Let's see what will happen. Trade well,
T
AUDCADHello traders, let's look at AUDCAD - a beautiful trade that has taken place. Simply explained - on 4H we are still in an uptrend and that means that a pullback from the high that has been made, should follow. Knowing that we can look for sell to buy set ups, with a lower risk of course. If we drop on the lower time frame, we can see the structure flip on 15 min, very high in the market. As I know my HTF bias is bullish - looking at a price, I expect, or better said - my task for a price is to come down to the first buy zone at least, while already being in a sell position. And down there, either the demand for a price will bring buyers back into the market, or the price will drop lower. What I would ideally like to see next is break of 0.91850 .
A side note: As this is a counter trend trade, or reversal trade, risk is lower.
Trade well, T
Gold Continues to Trend UpwardsGold ended Friday's trading session on a positive note following the release of key economic data from the Non-Farm Payroll report, which indicated weak data for the USD, gold prices surged immediately after breaking through the 236x resistance zone.
Observing the H4 chart, we can clearly see the upward trend in gold prices. There is a notable double bottom pattern, targeting the 2,40x level. However, achieving this target will require support from sellers to push the price up to that range.
The uptrend is expected to continue this week, but we should wait for a slight pullback for a retest before the price makes a strong upward move.
Gold holds high around peakGold costs are predicted to growth due to the fact hobby prices will decrease and the USD will weaken. Gold costs are trying out degrees above 2,four hundred USD/ounce. Indicators display that gold costs have an upward trend.
Gold costs are predicted to preserve to growth withinside the close to future. Gold rate for August shipping is coming near 2,four hundred USD/ounce.
World gold rate opened at the start of the week at 2,326.seventy two USD/ounce, preserving withinside the variety of 15 USD on Monday and Tuesday sessions. On Wednesday, a chain of monetary records announced, global gold rate elevated to 2,363.77
The US Federal Reserve (Fed) remains the point of interest of interest. Fed Chairman Jerome Powell testified with the Senate Banking Committee and the House Financial Services Committee.
The marketplace may also pay near interest to americaA CPI in June, weekly unemployment claims, and the University of Michigan`s initial survey of patron sentiment.
It is expected that XAU price will continue to increase in the fThe market will also pay close attention to US CPI in June
This morning, world gold prices are still trading around the high mark of last week's session.
The world gold market will likely be more exciting this week
Currently, optimism is covering the gold market, as recent data shows cracks in the US economy, a weakening US labor market and falling inflation.
The market is expected to increase due to expectations of interest rate cuts
According to analysts, gold prices have traded between $2,285-2,448 per ounce since early April, which has created firmer support and resistance levels.
EURUSD SHORTFOREXCOM:EURUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
USD fell to two-week low,The number of initial applications for unemployment benefits in the US increased last week, while the number of unemployed people continued to increase to the highest level in 2 and a half years at the end of June 2024, consistent with the labor market being gradually cool down.
Following US economic data, the dollar fell to a two-week low, making gold more attractive to holders of other currencies, while US 10-year bond yields downward.
The market is currently predicting a 68% probability that the Fed will cut interest rates in September. Lower interest rates will reduce the opportunity cost of holding non-yielding assets like gold.
Investors are currently waiting for the non-farm payroll report to be released on Friday (July 5) to know more about the US interest rate cut.
In other precious metals markets, spot silver prices increased 3.4% to $30.51, platinum prices increased 0.8% to $999.12 and palladium prices decreased 0.1% to $1,020.98. , according to Reuters.
Short term trading strategy for todayWorld gold prices increased more than 1% to the highest level in nearly two weeks in the trading session on Wednesday (July 3) due to increasing expectations that the US Federal Reserve (Fed) will cut interest rates. in September, after recent US data showed the labor market was weakening.
Closing the session, daily gold price increased 1.2% to 2,357.06 USD an ounce. US gold futures rose 1.5% to $2,369.40
Spot gold price increased 0.01% to 2,356 USD/ounce, according to Kitco, while gold price for August delivery decreased 0.16% to 2,365 USD.
Precious metals as well as base metals are rallying across the board as ADP data and unemployment claims add to the 'weakening economy' sentiment, which could potentially lead to a first interest rate cut in September".
More data needed before rate cuts for XAU to fallThe US central bank still needs more data before cutting interest rates to ensure the recent weak inflation figures accurately reflect underlying price pressures.
Previous data showed U.S. jobs rose to 8.14 million in May.
Friday (US time), which will be important in assessing whether the US labor market remains resilient amid decades of high interest rates.
After a slight decrease, XAU suddenly turned aroundUS Federal Reserve (FED) Chairman Jerome Powell and expect US employment data to be released later this week for further signals on US interest rate cuts.
Yields on 10-year Treasury notes hit a one-month high and remained high, making non-yielding bullion less attractive.
The market remains very sensitive to any discussion about interest rates or anything related to FED policy. So I think the market is still in the wait-and-see phase."
EURUSD TRADE SETUPFOREXCOM:EURUSD FX:EURUSD OANDA:EURUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
GBPUSD SHORTFOREXCOM:GBPUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Gold is still in a strong uptrendGold costs rose greater than 1.0% on Thursday, way to a pointy drop in US authorities bond yields after records at the US hard work marketplace became released. Specifically, the range of packages for unemployment blessings withinside the 2nd week of November improved better than expected, achieving 231,000, better than the forecast of 220,000. The range of humans receiving unemployment blessings additionally amazed while it improved to 1,865,000 - the very best in almost years, displaying the problem of the United States activity marketplace.
Gold costs rose sharply yesterday, overcoming critical resistance lasting from 1,975-1,980 USD. If the upward momentum is maintained, the charge ought to upward push to the $2,010-2,1/2 area, in addition to $2,060 withinside the coming days.
XAUUSD SHORTFOREXCOM:XAUUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Gold price will surpass 2,350 USD/ounce in July.Gold prices rose more than 1.0% on Thursday, thanks to a sharp drop in US government bond yields after data on the US labor market was released. Specifically, the number of applications for unemployment benefits in the second week of November increased higher than expected, reaching 231,000, higher than the forecast of 220,000. The number of people receiving unemployment benefits also surprised when it increased to 1,865,000 - the highest in nearly two years, showing the difficulty of the US job market.
Gold prices rose sharply yesterday, overcoming important resistance lasting from 1,975-1,980 USD. If the upward momentum is maintained, the price could rise to the $2,010-2,015 area, further to $2,060 in the coming days.
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.
XAU price will continue to be stuckGold prices will continue to be stuck until "something shakes up the market as a whole."
to recover back to 2,340 USD/ounce. This fully offset last week's losses.
Investors should not sell at this time because "if you are holding gold long-term, there is no reason to sell because the price is still above 2,200 USD/ounce".