GOLD strategy January 16 after bigwin CPIThe US CPI unexpectedly slows down, raising expectations for an early rate cut by the Fed
The US CPI index in December increased less than expected. This development not only helps ease the selling pressure in the bond market but also strengthens confidence that the Fed may cut interest rates sooner than previously anticipated.
The market is now forecasting that the Fed will reduce interest rates by a total of 40 basis points by the end of this year, higher than the 31 basis points reduction forecast before the inflation data was released.
The US Dollar Index dropped by 0.1%, making gold more attractive to holders of other currencies. The yield on 10-year US Treasury bonds also decreased.
Investors are concerned that the possibility of new tariffs after Donald Trump returns to the White House next week could drive up inflation and limit the Fed's ability to reduce interest rates further.
There are several noteworthy updates in the current economy, but there is still some disparity in the economic and monetary policies related to the USD. One significant point is that Trump’s success in this agreement stemmed from his simple but firm demand for an immediate deal. This has pushed not only Israeli Prime Minister Benjamin Netanyahu but also far-right members of his cabinet into a position where they must choose: cooperate or lose the support of the most friendly US president in history.
This suggests a focus on military strategy by Trump before addressing monetary and financial policies, with contrasting opinions and conflicts present in the information. Current views indicate that the following scenarios may arise:
From a technical analysis perspective, gold is still in an uptrend, and the economic news supports this, so buying gold in recent days has been a big win for traders.
However, there are a few factors to consider regarding ongoing conflicts in various countries, with Trump taking initial steps to ease escalating tensions. This may indicate that gold could experience sharp drops at any moment. Looking at the large timeframe chart on H4, there is a double top pattern, signaling that gold may decline in the coming days.
Currently, the view is that gold will have another upward move before a sudden drop occurs due to news related to the conflicts and the double top pattern on the H4 chart. Therefore, the strategy for today is to follow the primary trend and look for buying opportunities.
Trading Zone Strategy
BUY ZONE: 2678 - 2680
SL: 2672
TP: 2684 - 2688 - 2692 - 2695 - ????
BUY ZONE 2: 2662 - 2660
SL: 2655
TP: 2666 - 2670 - 2672 - 2676 - ???
SELL ZONE: 2624 - 2626
SL: 2630
TP: 2620 - 2618 - 2614 - 2610
Please note that today we have data on Core Retail Sales m/m & Unemployment Claims. The price range could move from 30 to 35 pips, so be sure to take note of the price levels marked on the chart.
Always adhere to TP/SL to protect your trading account.
Forexsignals
GOLD strategy at the end of the week 17/01/25The US market closed in the red, with spot gold prices rising to their highest level, following the trend we've been monitoring since the beginning of the year.
The decline in US Treasury yields caused the US stock market to end the session in the red, as major indices all dropped due to cautious investor sentiment ahead of upcoming economic policies from the new administration.
US government bond yields fell as investors expect the Fed may cut interest rates this year if economic data continues to weaken. The DXY index maintained a slight downward trend, closing at 108.97, pressured by the expectation that the Fed might reduce interest rates if the US economy weakens further. USD/JPY dropped to 155.2, its lowest level in nearly a month.
As we have previously analyzed, our view on gold’s upward trend has been accurate, but we should not become complacent with the successes of the past few days. As mentioned earlier, geopolitical issues in conflict areas are being addressed, and agreements have been made to prevent further escalation. This could be a significant signal that gold may no longer have the same appeal for investors, and the slight decline in the DXY (USD) is merely a part of adjustments for upcoming financial plans under the new President Trump. Therefore, it is important to closely follow the trend and manage positions wisely, avoiding stubbornness in such times.
Trading Strategy
Important Resistance Zones: 2724 - 2732 - 2755
Important Support Zones: 2710 - 2702 - 2660
BUY ZONE: 2702 - 2700
SL: 2695
TP: 2706 - 2710 - 2714 - 2720 - 2724 - ????
BUY ZONE: 2694 - 2692
SL: 2688
TP: ????
SELL ZONE: 2723 - 2725
SL: 2728
TP: 2720 - 2717 - 2715 - 2711
SELL ZONE: 2745 - 2747
SL: 2750
TP: 2742 - 2738 - 2735 - 2732
Today is Friday, and with volatility often increasing towards the end of the week, traders should be cautious with the US session. For Asia and Europe, just follow your view, but always adhere to TP/SL to protect your account balance. Have a great Friday!
GOLD STORY #2: Things to watch out for when Gold corrects In the past 24 hours, the price of gold (XAU/USD) has dropped to $2,657/ounce, let's review the trading plan
🔎 1/ Fundamental Analysis
🔴 Global economy and market sentiment:
• Rising DXY Index: The DXY Index, which measures the strength of the USD against a basket of major currencies, crossed the 110.00 mark for the first time since November 2023. A rising USD usually puts downward pressure on gold prices, as USD-denominated gold becomes more expensive for investors holding other currencies.
• Positive US economic data: The latest jobs report showed positive Non-Farm Payrolls figures, reducing expectations that the US Federal Reserve (Fed) will cut interest rates, thereby supporting the USD and putting pressure on gold prices.
📊 2/ Technical Analysis
🔵 Looking at the H4 chart, you can see that the price is at the important support zone of 266x
🔵 The price structure of H4 and H1 has changed when Keylever 2664 has been broken
🔵 Looking at the H1 price channel, you can see that the price line shows that the sellers are still strong, the price trend is likely to find the support zone below at 265x
📈 3/ Trading Plan
🟢 BUY: We have to wait for a clearer price structure at the current support zone. Do not rush to place orders when yesterday's selling momentum has not been fully absorbed. Our buy plan will be based on the price structure I drew on the chart plan.
🔴 SELL
• If you currently have a good position at the resistance zone above, we can consider taking some profits and waiting for a better profit at the next support zone 261x~263x. Or:
wait for price reaction at the current support zone to establish a position
🐂 Which side are you on – BULL or BEAR? 🐻
💬 Leave a comment and discuss with the community!
Gold Trading Strategy for 10th January 2025Gold Trading Strategy
Key Levels:
Buy Above: 2679
Sell Below: 2655
Targets:
Upside Targets: 2683, 2693, 2701
Downside Targets: 2650, 2645, 2638
Strategy Details:
Buy Signal: Enter a buy position above 2679, aiming for targets of 2683, 2693, and 2701.
Sell Signal: Enter a sell position below 2655, aiming for targets of 2650, 2645, and 2638.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Disclaimer:
This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
XAU/USD - Gold about to give 20 dollars move?Key Observations:
1. Trendline Breakout:
- The price has broken above a descending trendline, signaling a potential bullish reversal.
2. Demand Zone:
- A strong supply/resistance zone is evident around $2,639–$2,644, which has acted as a base for the breakout.
3. Bullish Trade Setup:
- A long position can be taken, if the price breaks out of resistance zone and retests, targeting the following levels:
- Target 1: $2,649.53
- Target 2: $2,657.36
- Target 3: $2,664.13
- Target 4: $2,668.70
- Stop-Loss: Below $2,639.65.
4. Alternate Bearish Scenario:
- If the price re-enters below the demand zone and fails to sustain the breakout, bearish momentum could push the price toward lower levels near $2,627.50.
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Trading Scenarios:
1. Bullish Continuation:
- If the price holds above $2,646, there is a strong likelihood of testing higher resistance levels up to **$2,668.70**.
2. Bearish Rejection:
- A move below $2,636.5 could invalidate the bullish scenario, indicating a potential retest of lower supports.
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Always use proper risk management when executing trades.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
Gold trading Strategy for 3rd January 2025Trading Strategy
Buy Condition Entry Point:
Buy above the high of the 15-minute candle that closes above 2662. Ensure that the candle has fully closed before entering the trade to confirm the breakout.
Targets: Target 1: 2670, Target 2: 2680, Target 3: 2699
Stop-Loss: Place your stop-loss below the low of the breakout candle or below a recent support level, depending on your risk tolerance.
Sell Condition Entry Point:
Sell below the low of the 1-hour candle that closes below 2647. Ensure that the candle has fully closed before entering the trade to confirm the breakdown.
Targets: Target 1: 2636, Target 2: 2627, Target 3: 2621
Stop-Loss: Place your stop-loss above the high of the breakdown candle or above a recent resistance level, depending on your risk tolerance.
Important Notes on Stop-Loss and Trailing Stop-Loss:
Protect Your Capital:
Always use a stop-loss to protect your trading capital from significant losses. Never trade without a predetermined stop-loss level.
Secure Profits:
As the trade moves in your favor and reaches the first target, consider moving your stop-loss to breakeven. For additional targets, use a trailing stop-loss to lock in profits while allowing the trade to run further. This can be done manually or by setting a dynamic trailing stop in your trading platform.
Disclaimer:
Risk of Trading:
Trading in financial markets involves significant risk and may not be suitable for all investors. Losses can exceed your initial investment.
Educational Purposes Only:
The strategies provided above are intended for educational purposes and should not be interpreted as financial or investment advice.
No Guarantees:
Past performance is not indicative of future results. There is no guarantee that the strategies mentioned will result in profits or avoid losses.
Due Diligence Required:
Always perform your own analysis before entering a trade. It is essential to understand the technical and fundamental factors influencing the market.
Seek Professional Advice:
Consult with a licensed financial advisor or trading professional to ensure your trading activities align with your financial goals and risk tolerance.
Use Risk Capital:
Only trade with funds you can afford to lose. Avoid using money allocated for essential living expenses.
Gold Trading Strategy for 30.12.2024Gold Trading Strategy
Key Levels:
Buy Above: The high of the 15-minute candle that closes above 2642
Sell Below: The low of the 15-minute candle that closes below 2610
Targets:
Upside Targets: 2651, 2664, 2675, 2686
Downside Targets: 2598, 2589, 2579
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 2642, aiming for targets of 2651,2664, 2675, and 2686.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2610, aiming for targets of 2598, 2589, and 2579.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Disclaimer:
This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
Gold Trading Strategy for 20th December 2024Trading Strategy
Key Levels:
Buy Above: The high of the 15-minute candle that closes above 2606
Sell Below: The low of the 15-minute candle that closes below 2583
Support and Resistance Levels:
Resistance: 2616, 2634, 2652
Support: 2573, 2555, 2530
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 2606.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2583.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact prices.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Gold Trading Strategy for 19th December 2024Gold Trading Strategy
Key Levels:
Buy Above: The high of the 15-minute candle which closes above 2613
Sell Below: The low of the 15-minute candle which closes below 2580
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 2613.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2580.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Gold Trading Strategy for 17th December 2024Gold Trading Strategy
Key Levels:
Buy Above: The high of the candle which closes above 2665 on a 15-minute chart
Sell Below: The low of the candle which closes below 2643 on a 15-minute chart
Targets:
Upside Targets: 2675, 2686, 2693
Downside Targets: 2630, 2619, 2605
Strategy Details:
Buy Signal: Enter a buy position above the high of the candle that closes above 2665 on a 15-minute time frame, targeting 2675, 2686, and 2693.
Sell Signal: Enter a sell position below the low of the candle that closes below 2643 on a 15-minute time frame, targeting 2630, 2619, and 2605.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact gold prices.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Dow Futures Trading Levels and Strategy for 09th December 2024Dow Futures Trading Levels and Strategy
Market Context
Dow Futures is showing potential for a breakout, and this strategy focuses on confirmation by waiting for candle closures to minimize false signals. Adjust position sizing according to your risk tolerance.
Buy Setup
Entry:
Wait for a 15-minute candle to close above 44,900.
Place a buy order above the high of that candle.
Targets:
45,050
45,150
45,300
Stop Loss: Place a stop loss below the low of the breakout candle.
Sell Setup
Entry:
Wait for a 15-minute candle to close below 44,600.
Place a sell order below the low of that candle.
Targets:
44,450
44,300
44,100
Stop Loss: Place a stop loss above the high of the breakdown candle.
Market Context
Dow Futures is showing potential for a breakout, and this strategy focuses on confirmation by waiting for candle closures to minimize false signals. Adjust position sizing according to your risk tolerance.
Disclaimer
The above analysis is provided for educational purposes only and does not constitute financial or investment advice.
Trading in futures involves significant risks, including the loss of capital.
Always conduct your own research or consult with a certified financial professional before making trading decisions.
Use proper risk management, including stop-loss and position sizing, to safeguard your investments.
Dow Futures Trading Strategy 05th December 2024Trading Strategy for Dow Futures:
Buy Strategy:
Entry Point: Enter a long position (buy) above the high of the candle that closes above 45230 on a one-hour timeframe. This means if a one-hour candle closes above 45230, you will buy once the price exceeds the high of that candle.
Stop Loss: Set a stop loss slightly below the low of the breakout candle to manage risk. For instance, if the breakout candle has a low of 45100, you might set your stop loss at 45090 to protect your capital.
Target: Determine your target based on historical resistance levels or a risk-reward ratio. For example, if you're risking 140 points (45230 to 45090), aim for a reward of at least 280 points (e.g., a target of 45510).
Sell Strategy:
Entry Point: Enter a short position (sell) below the low of the candle that closes below 44870 on a one-hour timeframe. This means if a one-hour candle closes below 44870, you will sell once the price drops below the low of that candle.
Stop Loss: Set a stop loss slightly above the high of the breakdown candle. For example, if the breakdown candle has a high of 45000, you might set your stop loss at 45010 to mitigate risk.
Target: Determine your target based on historical support levels or a risk-reward ratio. For example, if you're risking 140 points (44870 to 45010), aim for a reward of at least 280 points (e.g., a target of 44600).
Risk Management:
Use Stop Losses: Always use stop losses to protect your capital and limit potential losses.
Position Sizing: Never risk more than a small percentage (e.g., 1-2%) of your trading capital on a single trade.
Regular Review: Continuously monitor the market and adjust your strategy based on evolving conditions and new information.
Market Context:
Economic Indicators: Pay attention to key economic indicators such as employment data, GDP figures, and interest rate announcements that can impact Dow futures.
Geopolitical Events: Be aware of geopolitical events and developments that can cause significant market volatility.
Disclaimer:
Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author and do not necessarily reflect the views of Microsoft. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results.
Gold Trading Strategy for 5th December 2024Gold has been consolidating within a narrow range of 2605 to 2670 over the past five days. This suggests that the market is in a period of indecision, with neither buyers nor sellers able to push the price decisively in one direction. Typically, such consolidation periods are followed by significant moves once the price breaks out of the established range.
Trading Strategy:
Buy Strategy:
Entry Point: Initiate a long position (buy) when the price closes above 2670 on a 15-minute candle. This indicates a potential breakout to the upside.
Stop Loss: Set a stop loss slightly below the breakout point to manage risk. For instance, a stop loss could be placed at 2655, just below the recent consolidation range.
Target: Identify target levels based on historical resistance levels or use a risk-reward ratio of at least 2:1. For example, if the stop loss is 15 points away (2655), then the target could be 30 points above the entry (2700).
Sell Strategy:
Entry Point: Initiate a short position (sell) when the price closes below 2630 on a 15-minute candle. This indicates a potential breakdown to the downside.
Stop Loss: Set a stop loss slightly above the breakdown point. For example, a stop loss could be placed at 2645.
Target: Similar to the buy strategy, set target levels based on historical support levels or use a risk-reward ratio of at least 2:1. If the stop loss is 15 points away (2645), then the target could be 30 points below the entry (2600).
Risk Management:
Always use stop losses to protect your capital. Never risk more than a small percentage of your trading capital on a single trade.
Consider the overall market context and any upcoming economic events that could impact gold prices.
Market Context:
Keep an eye on factors influencing gold prices such as interest rates, inflation data, and geopolitical events. These can cause significant volatility and may impact your trading strategy.
Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results.
Trade wisely and stay informed! 📈💡
Gold trading strategy for 04th December 2024Gold has been consolidating within a narrow range of 2605 to 2670 over the past five days. This suggests that the market is in a period of indecision, with neither buyers nor sellers able to push the price decisively in one direction. Typically, such consolidation periods are followed by significant moves once the price breaks out of the established range.
Trading Strategy:
Buy Strategy:
Entry Point: Initiate a long position (buy) when the price closes above 2670 on a 15-minute candle. This indicates a potential breakout to the upside.
Stop Loss: Set a stop loss slightly below the breakout point to manage risk. For instance, a stop loss could be placed at 2655, just below the recent consolidation range.
Target: Identify target levels based on historical resistance levels or use a risk-reward ratio of at least 2:1. For example, if the stop loss is 15 points away (2655), then the target could be 30 points above the entry (2700).
Sell Strategy:
Entry Point: Initiate a short position (sell) when the price closes below 2630 on a 15-minute candle. This indicates a potential breakdown to the downside.
Stop Loss: Set a stop loss slightly above the breakdown point. For example, a stop loss could be placed at 2645.
Target: Similar to the buy strategy, set target levels based on historical support levels or use a risk-reward ratio of at least 2:1. If the stop loss is 15 points away (2645), then the target could be 30 points below the entry (2600).
Risk Management:
Always use stop losses to protect your capital. Never risk more than a small percentage of your trading capital on a single trade.
Consider the overall market context and any upcoming economic events that could impact gold prices.
Market Context:
Keep an eye on factors influencing gold prices such as interest rates, inflation data, and geopolitical events. These can cause significant volatility and may impact your trading strategy.
Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results.
Trade wisely and stay informed! 📈💡
Option TradingThe four basics of technical analysis are price, volume, time, and sentiment. Price analysis involves studying historical prices to identify trends and patterns. Volume measures the number of shares traded, indicating the strength of a price movement. Time analysis looks at the duration of price trends and cycles.
What are Technical Charts and their types? In Technical Analysis, technical charts are used by professional traders to make an informed decision about the buying and selling of securities. Charts are the graphical representation of a security's price, volume, history and time intervals.
Dow Futures Trading Strategy for 03rd December 2024Dow Futures Trading Strategy
Buy Strategy:
Condition: Look for the price of Dow futures to close above 45050 on a one-hour candle.
Entry Point: Identify the high of the candle that closes above 45050.
Action: Place a buy order above this high once the one-hour candle has closed above 45050. This confirms that the market is trending upward and you’re looking to ride the momentum.
Sell Strategy:
Condition: Look for the price of Dow futures to close below 44800 on a one-hour candle.
Entry Point: Identify the low of the candle that closes below 44800.
Action: Place a sell order below this low once the one-hour candle has closed below 44800. This confirms a downward trend, signaling a bearish market.
Current Price: The current price of Dow futures is 44880.
Disclaimer: This strategy is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult with a financial advisor before making any investment decisions.
Gold Trading Strategy for 03rd December 2024.Buy: When the price of gold is above 2652 on the close of a one-hour candle. Sell: When the price of gold is below 2624 on the close of a one-hour candle.
Current Price: 2639
Support Levels: 2634 | 2624 | 2618 Resistance Levels: 2643 | 2661
Disclaimer: This strategy is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult with a financial advisor before making any investment decisions.
Dow Futures Trading Strategy 29th November 2024Dow Futures Trading Strategy
Buy above the high of the one-hour candle which breaks and closes above 44980: Consider entering a buy position if the price breaks and sustains above the high of the one-hour candle and closes above 44980, indicating potential bullish momentum.
Sell below the low of the one-hour candle which breaks and closes below 44840: Consider entering a sell position if the price drops and closes below the low of the one-hour candle and breaks below 44840, indicating potential bearish momentum.
Example Analysis
Given the current price of 44930:
Buying above the high of the one-hour candle which breaks and closes above 44980: If the price breaks the high of the one-hour candle and closes above 44980, it suggests a potential upward trend.
Selling below the low of the one-hour candle which breaks and closes below 44840: If the price breaks the low of the one-hour candle and closes below 44840, it indicates a potential downward trend.
Disclaimer
Trading in financial markets involves significant risk and can result in the loss of your invested capital. It is crucial to conduct thorough research and consult with a financial advisor to understand the risks and develop a sound strategy.
Gold Trading Strategy for 29th November 2024Gold Trading Strategy
Based on your updated strategy:
Buy above 2650
Sell below 2620
Current price: 2637.600
Factors to Consider
Market Trends: Monitor recent market trends, including global economic conditions, geopolitical events, and market sentiment.
Economic Indicators: Key indicators such as inflation rates, interest rates, and the strength of major currencies (especially the US dollar) can significantly impact gold prices.
Supply and Demand: Fluctuations in gold's supply (e.g., mining output) and demand (e.g., jewelry, industrial use, and investment) influence prices.
Central Bank Reserves: Central banks buying or selling gold can affect market dynamics. More purchases typically push prices higher.
Technical Analysis: Utilize chart patterns, support and resistance levels, and technical indicators like moving averages to identify potential trading opportunities.
Example Analysis
Given the current price of 2637.600:
Buying above 2650: If the price exceeds 2650, it may suggest bullish momentum, potentially driven by factors such as economic uncertainty or increased investment demand.
Selling below 2620: A decline below 2620 might indicate bearish sentiment, possibly due to stronger economic data or rising interest rates.
Disclaimer
Trading in financial markets involves significant risk and can result in the loss of your invested capital. It is crucial to conduct thorough research and consult with a financial advisor to understand the risks and develop a sound strategy.
What People Think About Management In summary, trade risk refers to the potential for financial loss or negative consequences arising from fluctuations in the value of goods or services traded between different countries.
Basically money management in trading is a defensive strategy that is meant to preserve capital. It is a way to decide how many shares or lots to trade at any given time based on your available capital. Successful money management can save you from draining your account when you hit a bad streak of losing trades.