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Gold price todayToday, the price of gold in the market is relatively intense between the selling and buying sides, with a focus on lowering prices still being emphasized. At the time of writing, the price is reacting to trading around $2047. The price of gold has decreased after the Federal Reserve released the minutes of its latest meeting on January 3, showing that the central bank is not yet ready to lower interest rates. Therefore, it is necessary to closely monitor important market news to grasp the trend of this precious metal in the upcoming period.
OANDA:XAUUSDShort
by RKarina
XAUUSD: What matters is the news tonight?Dear friends, what are your thoughts on the upcoming trend of Gold in light of the significant news affecting it? Currently, the price of gold is still trading steadily around $2040 USD, with little change from yesterday. The overall trend of gold remains bearish, with immediate resistance at $2050 USD. At the end of the day, the United States will release the Non-Farm Payroll report, which is quite important for gold as it may provide us with a fresh perspective on whether gold will continue to decline or rebound.
OANDA:XAUUSDShort
by RKarina
EURUSD: bearishDear friends, as predicted by me yesterday, EURUSD has corrected to a previously broken level Looking at the overall market today, we can observe: The EUR/USD pair is trading positively for the second consecutive day on Friday, despite lacking monitoring and still being limited within a wider trading range than the previous day in the Asian trading session. The spot price is currently fluctuating around 1.0900 as traders eagerly await significant macroeconomic data from the Eurozone and the United States (US) to provide some meaningful momentum. In my personal opinion, I believe that the price will adjust downward due to the unfavorable factor of the underlying USD strengthening in the near future, with an expected decrease of 1.0750.
Short
by RKarina
XAUUSD: new weekly trading strategyDear friends, what do you think about Gold? In general, Gold showed signs of decline last week, dropping over 40 USD from 2088 USD to 2045 USD. Towards the end of the week, Gold seemed relatively calm, focusing on a sideways trend with a resistance level at 2050 USD and a support level at 2030 USD. On Friday, when the Non Farm news was released, Gold experienced significant fluctuations, reaching a high of 2065 USD and a low of 2024 USD. However, Gold closed at 2045 USD without any major breakthroughs. Looking at the prospects and trend evaluation for the future: With the current situation of the USD gradually recovering, Gold still has a tendency to decline further, as seen by the reversal from the EMA 34 line on shorter timeframes and consolidation on the 4-hour chart. Breaking below the support level will push Gold back to the 2015 USD mark.
OANDA:XAUUSDShort
by RKarina
USDJPY: achieved impressive gainsDear friends, the Japanese yen has been trading negatively against the US dollar for the fourth consecutive day on Friday, with the USD/JPY pair reaching its highest level in two weeks around the 144.85 area during the Asian trading session. At the time of writing, the price is trading at 144.70, indicating that USDJPY has previously escaped a prolonged downward channel and is stabilizing with a good recovery trend on the 12-hour timeframe. With the US dollar showing signs of a rebound, the bullish camp continues to push prices higher, with a target of 147.3 being highlighted. From an analytical perspective, I still expect prices to increase further using the breakout trading method. Using the excellent tool from Tradingview, Fibonacci suggests that prices may retreat to the 0.5 and 0.618 levels to correct the previous strong upward momentum before any catalyst causes prices to bounce back. A breakthrough above 144.90 will accelerate the UJ price to 147.34. Wishing you successful and lucky trades!
Long
by RKarina
Gold price todayDear friend, Today, the price of gold in the market has fallen after reaching its highest level in the overnight trading session at $2,050 per ounce, marking the most significant decline in three weeks. The drop in gold prices is due to a sharp decrease in the number of US workers filing for unemployment benefits for the first time in the last week of 2023. On the other hand, gold prices are at risk of further declines as the US Federal Reserve recently signaled its readiness to cut interest rates at the end of the new year. The minutes of this meeting indicate that the rate-cutting cycle is likely to be longer than expected. This is putting significant pressure on the gold market. Furthermore, gold prices are under pressure due to the upward trend of the US dollar. However, analysts believe that while the strength of the US dollar today is partly responsible for the decline in gold prices, it is not the main factor. Therefore, it is crucial to closely monitor important market news to grasp the trends of this precious metal in the coming period.
OANDA:XAUUSD
by RKarina
Bank Nifty Futures Analysis for 2nd Jan 2024Bank Nifty is in good Support zone Today market was side base except last move. From 27 December 2023 -1 January 2024 it create a support Zone. Today we can see a fake breakout at14:15. Reason behind the reason: Volume was very not supporting the price. Also MACD was indicate downtrend for the day. If we see Option data at the time of price increase but CALL Open Interest in negating and PUT OI not adding .(Big money just square off his position nothing else) So it's purely indicate that at 48800 we can short our position. Tomorrow view: if market open near 48405 we will wait. Side base market is not for option buyer. if market open near about 48600 then we will find position after taking support at 48405 . If market open below 48405 then after 48200 and creat a bearish candle at 15 or 30 min or price wait for 10-15 min near 48405 in 5 min timeframe candle after that we can see a bearish move.
NSE:BANKNIFTY1!
by KaustavHazra
DJI Intraday Prediction Levels for 29 Nov 2023DJI Intraday Prediction Levels for 29 Nov 2023 The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Major Resistances- 35495,35555,35610,35640,35703,35780,35860,…. Major Supports-35350,35280,35230,35175,35115,35065,3500,… These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on. If You are a new trader then just watch ( No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
TVC:DJI
by suraranjanganguli