EURUSD 15M ANALYSISFOREXCOM:EURUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
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Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Metals
Gold Long side trade idea (Liq sweep or run??)Long side trade has two condition to consider
either SWEEP OR RUN on liquidity
1 run >>> price will fall back and mitigate the pending fair value area at 2020 lvl and then run towards 2050 and 2089 as all time high
2 sweep >>> either price trap the weak hands by making a up move and then fall back to fvg area and then go to meet the target of all time high
Gold Price Driven by Modest USD StrengthHello everyone! Let's delve into the sparkle of gold prices today!
In the News: Today, gold (XAU/USD) is struggling to capitalize on its recent rise from the Simple Moving Average 100-hour support level around $2166-$2165. Instead, we are witnessing a decline in Asian trading session this Friday. Despite the Federal Reserve's policy update on Wednesday, investor focus is gradually diminishing as the US dollar strengthens, thanks to optimism about US economic growth. This resurgence, coupled with increasing US Treasury yields and prevalent risk appetite, is putting downward pressure on this traditional safe haven asset.
Personal observation: After reaching a peak at $2222, gold prices plummeted, retreating to the $2170 range. Economic indicators continue to reinforce the US dollar.
Looking ahead: The Fed's stance on maintaining interest rates and ongoing global political tensions may boost gold's upward movement in the near future. However, we should be prepared for a continued downward trend in today's trading session. Stay tuned for a day filled with opportunities or challenges.
COPPER AnalysisAs we can see from Dec to Feb price touch 3.93 level 3 times and fail. 1st time it create a bearish engulfing second time bearish harami. third time shooting start.
if price break and close below 3.719 level then we can see a target of 3.5598.
resistance 1: 3.93025
resistance 2: 3.96299
Support : 3.55981
GOLD- Continuously creating breakthroughs!Hello dear friends,
Are you curious about the price movement of gold today?
Yesterday, gold surprised us with a dramatic increase, jumping from 2155 to 2223 USD, a remarkable gain of 680 pips in just a moment. What could have driven such a strong surge in this precious metal?
News update: The announcement from the Fed about the possibility of interest rate cuts later this year caused the US dollar to plummet. This decline triggered a rush of gold buying from investors, pushing its price up.
Technical analysis: Contrary to expectations of a decrease in gold prices for the day, gold broke through the downward trend line and soared to new highs. The EMA 34 and 89 lines indicated the potential for further upward momentum. The Fibonacci retracement levels of 0.5 - 0.618 are currently important if gold undergoes a corrective phase before continuing its ascent.
Gold price suddenly dropped todayIn today's trading session, gold experienced a slight decline after surging past the $2200 USD/ounce ceiling. This upward momentum was further fueled by comments from Federal Reserve Chairman Jerome Powell, who stated that the central bank plans to implement three interest rate cuts in 2024.
However, at present, gold has adjusted downwards by 0.3% to $2175 USD/ounce after reaching an all-time high of $2222.39 USD in the previous session.
Contributing to the correction in gold prices, the US Dollar has recovered by 0.8% after hitting its lowest level in a week, making gold more expensive for international buyers.
With these developments, gold may need to undergo further adjustments if it wishes to continue its upward trajectory.
GOLD- What changes this weekend, surveyToday's Gold Trading Strategy:
In the current global market, the price of gold has surged to a new all-time high of $2,197 per ounce, representing a significant increase of $40 per ounce since the early morning hours. This marks a new milestone as the highest price ever recorded.
The rapid ascent in gold prices is a result of the Federal Reserve's decision to maintain stable interest rates during its most recent meeting, coupled with indications of a potential 0.75% rate reduction by the end of 2024.
The decrease in the US Dollar Index following the Federal Reserve's announcement has made gold even more appealing to international buyers. Additionally, the decrease in 10-year Treasury yields has lowered the opportunity cost associated with holding gold, further propelling its upward trend.
Gold price should I buy or sell?Welcome, dear friends, to our exploration of the tranquil waters of the gold market yesterday, where prices gently oscillated around Friday's closing figure of approximately $2159, in a serene anticipation of significant news expected to break on Thursday.
Gold remains ensconced in its downward trend, encased within an unbroken parallel channel that signals the potential for further decline upon reaching the channel's upper boundary.
Amongst whispers, the persistent pressure on this precious metal continues, stemming from expectations that the Fed might maintain higher interest rates for an extended period. Should the support level at $2147 give way, we might witness gold gracefully gliding back into the $212x region.
XAUUSD: Selling strategy!XAUUSD Strategy:
Hello dear friends! As of now, gold continues to follow a downtrend, limited below the trendline on the chart, with a current price of $2155 USD.
We may consider continuing to sell gold in the $2055 - $2058 USD range, placing a short-term profit for today at $2145 USD.
GOLD - Downward pressure on prices remainsThe price of gold today (20/3) slightly declined compared to the previous session following new economic data from the United States last night. Meanwhile, the US dollar continues to strengthen in the international payment basket.
At the same time, the Federal Reserve of the United States (Fed) convened its first meeting in March, which will last for two days. The market is on edge regarding the possibility of interest rate cuts by this organization. However, last week's inflation figures showed that despite high interest rates, inflation has not decreased as expected. This has led experts and investors to believe that the Fed is unlikely to cut interest rates in this session.
Furthermore, the significant increase in the number of new homes started in February is predicted to boost consumer demand for goods. This could contribute to an increase in the consumer price index in the future. With the difficulty for the Fed to cut interest rates, the USD may become even stronger, putting additional pressure on gold prices.
Gold grinds within $15 trading range as Fed decision loomsGold price licks its wounds around the mid-$2,100s while portraying a choppy move between the one-week-old descending resistance line and $2,148 support confluence comprising the 10-day Exponential Moving Average (EMA) and the previous yearly high. In doing so, the XAUUSD depicts the market’s cautious mood ahead of the all-important monetary policy decision from the US Federal Reserve (Fed) while consolidating the previous weekly loss, the first in four. It’s worth noting that the overbought RSI (14) line and an impending bear cross on the MACD favor downside bias for the precious metal. In that case, a daily closing beneath $2,148 becomes necessary for the sellers to retake control. Following that, the late December 2023 peak of around $2,090 will be a quick favorite for the bears before the tops marked during early 2024 around $2,065. It’s worth noting that the $2,100 round figure also acts as a downside filter for the bullion.
On the flip side, a daily closing beyond the one-week-old descending resistance line surrounding $2,163 could quickly propel the Gold price toward the recent all-time high of near $2,195. Should the quote remain firmer past $2,195, the $2,200 round figure will challenge the XAUUSD bulls. It should be observed that an upward-sloping resistance line from May 2023 also highlights the $2,200 threshold as an important hurdle toward the north.
Overall, the Gold price is likely to depict a downside move unless the US Federal Reserve (Fed) disappoints the US Dollar bulls by resisting the hawkish performance.
Gold prices have recovered but are still difficultThe gold price (XAU/USD) saw a modest recovery from its lowest point in over a week at the start of this week, despite remaining in negative territory for the first half of the European trading session. Meanwhile, the US Dollar (USD) continues its struggle to achieve any significant momentum amid ongoing uncertainty about the Federal Reserve's (Fed) interest rate policy direction. This uncertainty, coupled with a slightly improved risk sentiment and geopolitical concerns, has been a key driver in pushing some towards precious metals as a safe haven.
However, the outlook for a rise in gold prices is still constrained by the increasingly common view that the Fed will maintain higher interest rates for a longer period to control inflation. This expectation supports the rise in US Treasury yields, potentially diminishing the appeal of gold, an asset that does not yield interest. Ahead of the highly anticipated FOMC meeting decision expected on Wednesday, traders might adopt a cautious stance, limiting their bets on positive developments.
The essence of maintaining high interest rates as part of efforts to curb inflation suggests that more time may be needed to manage inflation effectively. This situation, combined with the uncertainty surrounding global economic and geopolitical conditions, creates a complex scenario for gold investors as they weigh the safety of gold against the prospects of limited profitability in a high-interest rate environment.
XAUUSD surges to 2200 USD?Welcome to today's strategy analysis, where we revisit and forecast the next moves for XAUUSD, after a day of significant fluctuation.
Current Analysis:
XAUUSD witnessed a considerable decline yesterday, progressing through a descending triangle pattern and eventually breaking below the $2075 level. Despite this, gold quickly adjusted, forming an ascending triangle pattern and currently trades around $2168. This occurred after surpassing resistance levels at $2179 and $2177, although it ultimately saw a slight decrease of 0.27% for the day.
Insights on Price Increase Causes:
Scenario 1: The weakening of the US dollar, as the market anticipates the Federal Reserve (FED) might cut interest rates by June 2024 despite rising inflation in the US. This scenario benefits gold prices.
Scenario 2: Some analysts predict a spike in gold prices if the FED decides to cut rates. If this does not happen, high inflation fears could push gold prices higher.
Scenario 3: Political tensions and military conflicts, such as the Russia-Ukraine situation, keep the demand for safe-haven assets like gold high.
Forecast and Strategy:
Looking at the 1-hour chart, we observe an increase in trading volume and price stabilization after a sharp decline, touching the EMA 34.89 line. XAUUSD finds strong support around the $2160 level. If it breaks below this support, we could witness a significant price drop. However, maintaining above this level could lead to price increases. A recovery is anticipated after touching the ascending triangle pattern boundary. An adjustment might occur after breaking the fake level of $2175, and consolidation above this level indicates the market is ready for a recovery.
Conclusion:
In the current context, closely monitoring market developments and external influencing factors will be key to making wise investment decisions. Keep an eye on announcements from the FED, global political situations, and currency market movements to adjust your strategy accordingly.
Scenario 3: Escalating political tensions due to the Russia-Ukraine military conflict are maintaining the demand for safe-haven assets like gold. The conditions are favorable for gold to rally.
Regarding the new prospects for XAUUSD: According to the 1-hour chart, the volume is increasing, and the price has stopped after a sharp decline, touching the EMA 34,89. XAUUSD is currently receiving strong support around 2160 USD. However, if it breaks below this level, it could lead to a significant price decrease, while maintaining it would result in an increase. It is expected that the price will recover after touching the ascending triangle channel. I anticipate a correction after breaking the false 2175 USD level. Consolidation above this level indicates that the market is ready to rally.
XAGUSD Is ready to moveXAGUSD Which is showing a great opportunity XAGUSD is ready to breakout. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
XAUUSD Hello dear friends! What are your thoughts on the price of gold? Let's explore and discuss new strategies for gold together with RKarina.
Overall, it has been a week of significant price increases for gold. The price has been rapidly developing and consistently creating surprises for traders. This comes after the latest employment report showed an increase in unemployment rates in the US and moderate wage growth, despite the accelerated job growth in February.
The underlying factors driving the upward momentum of gold prices are the expectations that the Fed will continue to cut interest rates later this year and the weakening of the US dollar. Gold even touched a formidable level of $2200 USD at one point last night, but quickly pulled back and is currently hovering around $2179 USD.
In general, the price of gold is expected to continue its upward trend. However, after the recent strong surge, the precious metal may need some consolidation in the short term.
Gold stays range-bound ahead of US Retail Sales Gold fades the previous day’s corrective bounce off the weekly low as market players await the US Retail Sales for February. In doing so, the spot Gold price, namely the XAUUSD, seesaws within a $48 trading range comprising an ascending resistance line stretched from May 2023 and the previous yearly top. It’s worth noting that the sluggish oscillators and the pre-data anxiety suggest a continuation of the sideways range. However, the bulls appear to have run out of fuel hence sellers are likely to benefit more on a downside break of $2,148 support. In that case, a quick fall toward the $2,100 round figure will be imminent but a 3.5-month-old horizontal support zone surrounding $2,090 could challenge the XAUUSD sellers afterward.
Alternatively, an upside clearance of the aforementioned multi-month-old rising resistance line, close to $2,186 could recall the Gold buyers. However, the $2,200 threshold and 78.6% Fibonacci Extension (FE) of the quote’s October-December 2023 moves, near $2,240, will challenge the XAUUSD’s upside momentum afterward. Following that, the 100% FE level of $2,313 and the $2,500 psychological magnet will be in the spotlight.
Overall, Gold stays within a long-term bullish trend but the short-term view appears to favor a pullback in prices should the scheduled data allow the US Dollar to defend the first weekly gain in four.