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XAUUSD Key Level for CPIBig day Ahead as everyone waiting for the CPI Data ,as per price action gold is trading under sell pressure and not able to break this decline cycle and we do not have any confirmation of buy in any time frame .So those who looking for buy better wait for good rejection or wait for data ,after CPI if we can see big move(as per past history 400+ pips is normal in some cases ) then that move can change the trend direction in north side otherwise we have to stay with the trend(Bears Side) ,if you remember the analysis of weekly video I clearly mentioned that the trend is not favourable for bulls and we have to look for sell opportunities only and this is still valid for today also but as today we have big day so for today better wait for price to react on CPI and then think about to enter in trade.For beginner, my advice is to stay out today and don't risk your capital and just wait and watch the show.
OANDA:XAUUSD
by TheGoldenCircle
GBPAUD MONTHLY analysis short+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 risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
by Greenfireforex
Gold sellers need to break $1,925 support for further downsideGold Price fades bounce off an upward-sloping support line from late February by retreating from the 50-DMA hurdle, around $1,945 by the press time. Adding strength to the downside bias are the bearish MACD signals and a downward-sloping RSI (14), not oversold. With this, the XAUUSD is likely to break the stated support line, around $1,925 by the press time. Following that, a quick fall toward the $1,900 round figure can’t be ruled out. However, a six-month-long horizontal support zone around $1,890 and the 78.6% Fibonacci retracement of February-May upside, near $1,860 may test the metal’s further downside before challenging the yearly low marked in March around $1,804. On the contrary, a daily closing beyond the 50-DMA hurdle of around $1,945 may allow the Gold buyers to aim for the 38.2% Fibonacci retracement level of around $1,967. However, an area comprising multiple levels marked since May 19, close to $1,985, will challenge the XAUUSD bulls afterward. In a case where the bullion price rally crosses the $1,985 resistance, the $2,000 round figure may give a final fight to the optimists before giving them control. Overall, the Gold Price remains on the back foot but a clear downside break of $1,925 becomes necessary for the bears to take control.
OANDA:XAUUSD
by MTradingGlobal
Gold bears approach key support ahead of US NFPFailure to cross a nine-week-old horizontal resistance drags the Gold price back an upward-sloping support line from late February, close to $1,920 at the latest. Adding strength to the downside bias is the falling RSI line and bearish MACD signals. However, the RSI line is below 50.0 and suggests bottom-picking, which in turn highlights the stated trend line support. Even if the metal breaks the $1,920 support, the 200-EMA level of around $1,905 and the $1,900, as well as June’s bottom of around $1,895, can challenge the XAUUSD bears. Following that, a slump towards the 78.6% Fibonacci retracement of February-May upside, near $1,860, can’t be ruled out. Meanwhile, the Gold price recovery needs to cross the late July swing low of around $1,945 to convince the buyers. However, the metal’s further upside remains elusive unless crossing the previously mentioned multi-week-old horizontal hurdle surrounding $1,985. In a case where the XAUUSD buyers manage to keep the reins past $1,985, the $2,000 round figure and March’s high of around $2,010 will act as the final defense of the sellers. Overall, Gold sellers are likely to witness a bumpy road ahead but may continue to occupy the driver’s seat.
OANDA:XAUUSD
by MTradingGlobal
Gold or Nasdaq: What to Short this Week? Gold or Nasdaq: What to Short this Week? For Gold (XAU/USD), the 4-hour chart suggests a neutral-to-bearish stance. While the pair is currently above its moving averages, the 50-day moving average is closely trailing its price. The Relative Strength Index (RSI) is dropping towards a neutral level, indicating a potential pause in buyer activity. If Gold drops below $1,945, there is a risk of prices descending further and retesting their previous lows or the 200-Day Simple Moving Average (SMA) around $1,941. The deciding factor for Gold this week will likely be the US jobs data. The Non-Farm Payroll (NFP) report on Friday is a significant event, and the precursor jobs data (JOLTS Job report on Tuesday) could also sway traders. The market expects the NFP to show 190K jobs added, more than double the natural US growth rate. A strong jobs figure could influence traders' anticipation of the Federal Reserve's interest rate decision and impact the downside outlook for Gold. On the other hand, Nasdaq and other major US indices are expected to end July with gains. The Dow Jones has particularly shown impressive growth over the past two weeks. The outperformance of the Dow Jones suggests a possible shift by investors from growth stocks (such as Nasdaq stocks) to value stocks. Looking at the daily chart, the Nasdaq Composite is now targeting a key resistance level at 14,649. However, there is a possibility of aggressive seller response at that level. On the 4-hour chart, a divergence with the MACD indicates weakening momentum, which is often followed by pullbacks. Earnings reports from major tech companies, Apple and Amazon, will be crucial for Nasdaq this week. These two giants represent 11.6% of the entire Nasdaq index measured by market cap. Better-than-expected US earnings could potentially prolong the bull run in the market.
BLACKBULL:XAUUSD
by BlackBull_Markets