GOLD SHOING A GOOD UP MOVE WITH 1:10 RISK REWARD GOLD SHOING A GOOD UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction
niw it trying to break the strong resistant lable
B. after the break of this rectangle it will bost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout
BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capital
follow risk reward and tradeing rules
that will help you to to become a better trader
thank you
Forexsignals
EURCHF - Short Trade IdeaSymbol - EURCHF
EURCHF is currently trading at 0.97300
I'm seeing a trading opportunity on sell side.
Shorting EURCHF pair at CMP 0.97300
I will be adding more if 0.97550 comes & will hold with SL of 0.97800
Targets I'm expecting are 0.96300 - 0.96000
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
2400 Make or Break?Gold is playing around 2400 and market is neither trending nor sideways.
By US Session if market breaks yesterday's low of 2384, we can look for 40-50 pips sell.
As market bounced from 2384 yesterday, so the support of 2378 is little unclear now.
if market surprises us with heavy sell, we can continue with the sell.
We can look for a sell around 2420
High risky scalpers can look for sell below 2394 and sell around 2411-12 for 20/30 pips
EURAUD TARGET REACHEDIf you look at some previous posts, you will see EurAud was one of the trades I was in. And it paid off. Final target was reached on Wednesday just before the CPI news release on Nzd and overall this position made me +6% of profit. It was the right thing to close most of the position at high and then at marked area as if Nzd news would turn positive, the whole trend could reverse. All of 3 positions together had a potential hitting +9%, however, my risk is lower than 1% / trade usually. If you got into this with me, well done.
T
17th JULY GOLD PREDICTIONGold created BOS from time frames D, H4, H1
The current plan is to only BUY according to the protrend until the uptrend breaks.
SELL counter should wait for a clear setup like CHoCH + BoS in low time frame
Everyone don't be FOMO and SELL at this time !!!
BUY XAUUSD 2439-2434
TP 2462
SL 2427
GBPUSD SETUP TRADE WIH 1:20 RISK REWARDGBPUSD SETUP TRADE WIH 1:20 RISK REWARD
A good selling setup detected on EURUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GBPUSD SETUP TRADE WIH 1:20 RISK REWARD
A good selling setup detected on GBPUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
EURUSD SETUP TRADE WIH 1:5 RISK REWARDEURUSD SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on EURUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
EURUSD SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on EURUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GBPUSD SETUP TRADE WIH 1:5 RISK REWARDGBPUSD SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on GBPUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GBPUSD SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on GBPUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
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.
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."
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.
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".
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.
XAU trading strategy when USD is highIn the market, investors are currently waiting for important US economic data later on June 27 on growth and unemployment data to gather more clues about the future of monetary policy. Data released earlier this week showed that US consumer confidence eased in June amid concerns about the economic outlook, but households remained optimistic about the labor market and expected to Inflation will moderate next year.
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.
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.