GOLD - Accumulate around 1910 USDWith news Core retail sales better than expected.The USD immediately benefited and pushed gold down
However, when GOLD touched the H4 trend, it bounced back, causing gold to continue to enter the trajectory of the parallel trend.Gold has now bounced and created a short-term buying trend
The US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of six major currencies, continues its fifth consecutive day of gains.
Trading plan:
BUY XAUUSD soup around the price: 1896 - 1894
Stoploss : 1890
Take Profit : 1905
Take Profit : 1910
Take Profit : 1920
Goldlong
There are signs of gold's recoveryTVC:GOLD Price cheers US Dollar decline, as well as mixed effect on market consolidation ahead of top US data/events to depict recovery correction rebound from 5-week low.
Going forward, US Retail Sales for July, expected to be 0.4% month-on-month versus 0.2% prior, will be important to keep an eye on the intermediate directions of TVC:GOLD Price.
US retail sales, FOMC Minutes looking for clear directions, risk catalysts also in the spotlight.
Trading plan:
SELL XAUUSD: 1919 - 1921
Stoploss : 1926
Take Profit : 1915
Take Profit : 1910
Take Profit : 1900
Note : TP, SL full to be safe and win the market !
Gold price today: Under the pressure of USD, gold price continueThe world gold price today listed at 1,917 USD/ounce, down 10 USD/ounce compared to the early hours of the morning.
The world gold price continued to decline today as the dollar soared after China released many disappointing economic data.
Besides, the US economy is making strong recovery steps. The growth rate of 2.4% in the second quarter of 2023 exceeded expectations. Inflation has fallen to 3%. Consumer sentiment is improving.
Although USD rebounded on positive signals from the US economy, this currency in the medium and long term is in a downtrend. The Fed will soon reverse monetary policy, from tightening to easing, thereby putting pressure on the USD. A fall in the USD price will pull the gold price up.
Trading plan:
SELL XAUUSD price range: 1913 - 1915
Stoploss : 1920
Take Profit : 1910
Take Profit : 1905
Take Profit : 1900
Note : TP, SL full to be safe and win the market !
GOLD: What happens next for Gold?Temporary concerns cooled down during trading hours in Europe but continued before Wall Street opened, with XAU/USD trading at a low of 1,902.68 per troy ounce, which aligns closely with the lowest level in July. Ultimately, the positive tone from Wall Street finally interrupted the USD protest rally and helped XAU/USD recover from the aforementioned low level, although gains were modest amid limited selling pressure on the US currency.
XAUUSD 8/9 : Today's CPI ForecastXAU/USD fell sharply early in the US session, hitting a fresh 4-week low of $1,922.74 per troy ounce, as demand for the US Dollar increased following comments from Reserve officials. Federal. unified report on the Consumer Price Index (CPI) of the United States (USA) July.
Philadelphia Federal Reserve Bank President Patrick Harker said they are getting back to more normalcy and while looking at the possibility of a soft landing, he added that supply chain problems are recovering. Furthermore, he said the Fed can be "patient" and keep rates steady, though he made clear September's decision will depend on upcoming data.
GBPUSD LONGTrade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 :
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risK BCOZ ITS AN part of trading word .
Gold 07.08 moved sideways in a narrow range.Inflation is expected to have picked up again after a sharp decline in June- a scenario that could push up expectations of more interest rate hikes from the Federal Reserve.
Gold is expected to retreat further on a strong inflation reading, while the dollar is set to appreciate.
The prospect of higher-for-longer U.S. interest rates has weighed heavily on the yellow metal in recent weeks, with traders preferring the dollar even as Fitch downgraded the U.S. sovereign rating.
The h1 chart I'm showing shows that gold has been flat in a narrow range since Aug. 2. volatility on Friday's non-farm news. I think it will continue like that until the end of the Australian session, the Asian session. before finding the resistance at 195x.
What is your idea? can let me know in the comments, thanks!
Swing Buy Opportunity in Zydus LifesciencesPlease Refer the Chart of Entry, Target and SL.
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BULLISH GOLD ANALYSISFOR A LONG WE SEE BULLISH GOLD WHERE INFLATION IS BEING CONTROLLED BY THE FED, WE'VE USED MULTIPLE IDEAS FORECASTING GOLD FOR THE LONGER RUN, CONSIDERING THE STRUCTURE ANALYSIS AND THE IMPULSE WE DETECTED ALONG WITH ITS RETRECEMENT AROUND 61.8% LEVEL.
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We only post and share for educational purposes, thus nothing we publish should ever be interpreted as investment advice!
We mainly communicate thoughts with greater than average conviction, which implies we primarily discuss ideas with a profound trust in the direction of a specific or distinct market direction.
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Gold 08/02 Before ADP Non-Farm dollar continued to drop slightlyCopper falls below $4 amid slowing global production. The outlook for the yellow metal remains hazy, especially with US interest rates set to remain higher in longer time this year.
While gold is expected to benefit from the Fed's final rate cut next year, it is expected to receive limited support in the near-term.
BUY GOLD zone 1932 - 1929
Stop Loss : 1923
Take Profit 1: 1935
Take Profit 2: 1940
Take Profit 3: 1950
Note: Installing TP SL fully wins the market and is safe in trading
GOLD SetupGold is in a very decisive phase. The movement from here can decide the trend for next couple of days. While 1940 is the important support, if this breaks we can see substantial downside in Gold. Holding on to 1940 levels can act as a support for another 30-40 points up which is the nearest resistance for it.
XAU USD Bullish ChanceHello traders! Today, I am sharing a strong trade idea for XAUUSD that could potentially result in profits. The gold price has been showing a bullish momentum, making higher highs and higher lows (HL) on the daily chart, indicating a potential uptrend.
My suggestion is to consider buying XAUUSD from 1942.50, with a stop loss at 1935. The first target is at 1953.50, which could potentially result in a profit of approximately 75 pips. The second target is at 1863, which could yield a profit of approximately 180 pips.
As always, it is important to consider risk management strategies and remain vigilant, as unexpected events and news could impact the markets.
In conclusion, I believe that buying XAUUSD using the higher highs and HL analysis could be a profitable trade idea. Thank you for following my trade idea, and I wish you all the best in your trading journey. Happy Trading!
Disclaimer: This trade idea is for educational and informational purposes only. Trading in the financial markets involves risk, and past performance is not necessarily indicative of future results. Before placing any trades, you should carefully consider your financial situation, risk tolerance, and trading experience. Please be aware that trading in the foreign exchange market, particularly with leveraged instruments such as CFDs, involves significant risks and may not be suitable for all investors. The author shall not be liable for any losses incurred as a result of using this trade idea. Traders should always trade at their own risk and responsibility.
Exide: Buy opportunity | Short Term | 01-08-2023Please Refer the Chart of Entry, Target and SL.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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BirlaSoft Short Term Trade OpportunityPlease Refer the Chart of Entry, Target and SL.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
TO CONNECT WITH ME CHECK OUT MY BIO.
If you like this Idea, Please do like my ideas and share it with your friends. check my bio.
Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis.
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Gold - The bulls are in action.Gold 25/07 There are many disadvantages ahead.
Gold's outlook is also uncertain as US interest rates are likely to stay higher for longer. The US has not escaped the recession, the fate of the economy is still in the hands of the Fed.
BUY GOLD zone 1945 - 1947
Stop Loss : 1940
Take Profit 1: 1950
Take Profit 2: 1955
Take Profit 3: 1965
Note: Installing TP SL fully wins the market and is safe in trading
Gold July 18 - 1980. Target Expected.Gold prices established a new level of support amid persistent dollar weakness, while copper fell sharply on worries about importers.
The yellow metal traded close to a one-month high, tracking the dollar's slide to 15-month lows after a series of weak U.S. inflation indicators fueled fish stocks. bet that the Federal Reserve is about to hit its highest interest rate of the year.
BUY XAUUSD zone 1943 - 1941
Stop Loss : 1937
Take Profit 1: 1947
Take Profit 2: 1952
Take Profit 3: 1960
Note: Installing TP SL fully wins the market and is safe in trading
Gold and Silver forming bullish patterns Gold and Silver have both rallied strongly last week, they are now above the key resistance levels. Silver especially looks much better placed to rally compared to Gold. With the supports close by now there is a good chance that we see a good rally in the bullion.






















