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Longsetup

Gold price recovers slightly after the shock reduction!The price of gold is currently experiencing a gentle recovery after receiving support at the $1965 USD level, and is now trading at $1970 USD at the start of the morning session. In terms of news impacting gold: The new influx of US dollars has caused XAU/USD to drop to $1,956.65 per troy ounce on Tuesday, with the precious metal trading in the red at around $1,965 USD. The US dollar is rebounding as the market becomes more uncertain, with Federal Reserve officials warning that tightening monetary policy due to speculative interest rates may not be over. Speaking at various events, members of the Federal Open Market Committee (FOMC) agreed that inflation has eased but may require additional measures to bring it back to 2%. The financial market remains cautious despite the looming risks to economic growth at a record pace, putting pressure on gold and causing its price to decline! In terms of technical analysis on the 4-hour chart: Gold quickly dropped from the support level of $1980 and swiftly reached $1965 USD. Currently, the precious metal is bouncing back from the $1965 support level after forming a new bottom in that area, limiting the possibility of further price declines.
OANDA:XAUUSDLong
by Samson-FX
ADANIPORTS looks good for Swing TradeThe stock had been in a noticeable downtrend pattern, characterized by a series of lower highs. However, in a recent development, the price managed to break above the resistance line formed by connecting these lower highs. This break has resulted in a significant shift in the market dynamics. The area where the price successfully breached the resistance line has now transformed into a demand zone. This demand zone serves as a pivotal support level, attracting buyers who believe the stock is undervalued at this level. Interestingly, after reaching the demand zone, the price formed a remarkably bullish candlestick pattern. This candlestick indicates strong buying interest and suggests a robust bullish sentiment in the market. Considering these developments, it appears that the stock is now primed for a swing trade opportunity. The shift from a downtrend to a bullish breakout, along with the confirmation of a demand zone and bullish candlestick, makes this stock an attractive option for traders looking to capitalize on potential price movements in the upward direction.
NSE:ADANIPORTSLong
by anuragAnand321
Info Edge - Keep WatchingThe setup is simple to understand by the chart itself. The stock has bounced back from the lower support of the parallel channel. if the momentum continues, may go to 4250/4450 or even a lot more. In a bullish rally, it may go to 5300. Sustaining below 3960 will show the weakness on the charts. it should travel inside the channel if considering a long setup. This is only an indicative illustration for learning and sharing purposes, not a piece of trading advice in any form. Wish you luck.
NSE:NAUKRILong
by anandlive
Latest gold update todayGold continues to decline, moving further away from the 2005 USD level since yesterday's trading session. At the time of writing, the price is trading at 1983 USD, providing clear evidence of the downward trend. Forecast: The upward momentum of gold is being hindered by various factors, including loose monetary policies implemented by several countries worldwide. The expected level for this decline is 1960 USD. Before any catalysts emerge to support a strong upward momentum once again.
OANDA:XAUUSD
by Samson-FX
Latest gold update today, should note what?Gold prices fell today in the context of the unexpected increase in the USD Index from 104 points to 105 points. This has given impetus to the USD to appreciate against 6 other major currencies, including the Euro, JPY (Japanese Yen), GBP (British Pound), CAD (Canadian Dollar), SEK (Swedish Krona), and CHF (Swiss Franc). Meanwhile, the 10-year US bond yield reaching 4.64% per year has prompted many to invest in bonds. As a result, the flow of money into precious metals has been limited. Today, gold prices faced additional downward pressure. On the other hand, investor sentiment is highly optimistic as most central banks are believed to have completed their interest rate tightening cycle. Additionally, the temporary easing of military conflict between Israel and Hamas has encouraged capital outflow from safe haven assets, including gold. Exiting the uptrend channel has led to an impressive price decrease at the time of writing, with gold trading at $1974. In the near future and according to the 4-hour chart, the next target level could potentially be the support level at $1965.
OANDA:XAUUSDShort
by Samson-FX
EURUSD returned to a strong price increase?Hello everyone, EURUSD has experienced a significant increase in the previous week, with a price surge surpassing the 1.070 level. It is currently trading at a new high of 1.072, the strongest increase since mid-June. Regarding the influencing factors: The daily market drivers for this currency pair include the general weakness of the USD due to the Federal Reserve (Fed) changing its stance towards a more accommodative approach, hinting that they may end the tightening cycle on Wednesday. As a reaction, US Treasury bond yields dropped to their lowest level since September, with 2.5 and 10-year bond yields decreasing to 4.84, 4.50, and 4.57%. This has added selling pressure on the Greenback and provided a significant advantage for the EURUSD pair, aiding its recovery. Regarding the new prospects for EURUSD: On the 1D chart, EURUSD is currently receiving strong support at the 1.05 level. Breaking below this level would lead to a considerable price decrease, while maintaining this level would result in a price increase. Upon careful observation, it can be seen that the currency pair has surpassed the resistance level at 1.07. Both short-term and medium-term prospects indicate a strengthening upward trend. Personally, I believe that EUR will continue to experience a strong upward movement.
by Samson-FX
Gold continues to show the strength of price increaseSamson, hello everyone! Last week, we received a lot of significant news, including the Fed's interest rate decision. Despite that, gold has maintained its strong upward momentum, trading around $1985 per ounce in the past week, with a few small touches of $2000. Currently, gold has paused at $1992 and shows no signs of stopping its price rally, indicating its long-term growth potential is still intact. The previous uptrend was broken at $1987, but gold quickly formed a new uptrend channel and is still operating well within that trend. The next target for this precious metal will be to reach the $2005 level in the coming week and conquer the weekly high at $2010.
OANDA:XAUUSD
by Samson-FX
2
What changes in gold price at the beginning of the new week?Hello everyone!! Today: Gold prices touched the $1990-1991 mark at the beginning of Monday and performed well in an upward trend on the 4-hour chart. Instead of worrying about the Israel-Hamas conflict, the market will now shift its focus to the Federal Reserve's interest rate cuts, with the only question being when and how much. The catalyst for gold's sustained recovery will be lower interest rates in the US and a weaker USD, both of which are gradually taking shape. Difficulties in the bond market and hesitation from the Fed could significantly increase the price of gold.
OANDA:XAUUSDLong
by Samson-FX
SAREGAMA looks good for investment for medium to long termThe recent price action of this asset has signaled a significant shift in market sentiment. After a prolonged downtrend, it exhibited a notable uptick in buying interest, successfully breaching the previous lower high of the downtrend. This breakout strongly suggests the initiation of a potential trend reversal. In addition to the promising technical indicators, the company's fundamentals also appear robust. It has demonstrated impressive growth in annual net profits, and the current-year profits have already surpassed the previous year's figures, showcasing a noteworthy performance that underscores its strong financial health and growth prospects.
NSE:SAREGAMALong
by anuragAnand321
Gold continues to increase? XAU!!At the time of writing, the US Dollar Index (DXY), the value of USD against a basket of global currencies, fluctuated around 106.17 after rebounding from a weekly low of 105.81. US Treasury bond yields remain low, with the 10-year Treasury bond yield at 4.663%, the lowest since October 13. The market is confident that the Federal Reserve (Fed) is nearing the end of its tightening cycle, as Fed Chair Jerome Powell made it clear that financial conditions will need to be tightened to avoid further interest rate hikes. This puts pressure on the Greenback and supports gold priced in USD. Upcoming Gold News: Attention on Friday will focus on the US Non-Farm Payrolls data. Additionally, the Unemployment Rate and Average Hourly Earnings for October will be released. Traders will take cues from the data and look for trading opportunities around the price of gold. Samson's perspective is that gold will continue its upward trend, currently consolidating around the $1980-$1990 range. It is possible that this Friday, there could be a significant increase in gold prices during the US session.
OANDA:XAUUSDLong
by Samson-FX
Audusd boosts the trend of increasingGreetings, beloved companions! Following a prolonged period of lateral movement, AUDUSD has at last regained its upward momentum. This resurgence is attributed to the weakening of the USD, which in turn provides substantial support for this particular currency pair. Having effortlessly surpassed the 0.644 peak, there is potential for it to establish itself as a robust support level. Should there be a retest of the breakout area, it would further reinforce the significant progress made by this currency pair.
Long
by Samson-FX
Gold recovered in the short termSamson greets everyone! Similar to yesterday, gold experienced significant fluctuations after the evening news and quickly returned to trading around $1987, with little change compared to the same time yesterday. Gold prices are seeking support from the weak performance of the US dollar and low interest rates on US Treasury bonds as they try to stabilize after significant losses caused by uncertain policies of the Federal Reserve. In Samson's personal opinion, the low level of $1977 may be tested once again and then be considered an important support level to push gold prices back up.
OANDA:XAUUSD
by Samson-FX
XauUSD - Maintain a good increase in 1980 USDHello everyone! Today, gold has seen a slight increase in price as people speculate that the Federal Reserve (Fed) will have a softer monetary policy. As a result, the value of the USD has cooled off a bit. However, the upward momentum of gold has been restrained as the USD continues to rise due to the challenging economic conditions in many countries and the tendency of their central banks to loosen monetary policies. At the time of writing, the price of gold is trading at $1988. The resistance level is seen at $1992, and there is a possibility that gold will retreat from this level and seek support around $1972. If it respects this support level, there is a potential for gold to increase towards the medium-term target of $2005 by next year.
FOREXCOM:XAUUSDLong
by Samson-FX