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XAUUSD: price increase but not sure yet!Hello traders, what do you think about GOLD? The fear of risk has driven the demand for US government bonds, contributing to the prolonged weakness of US Treasury bond yields across the yield curve. The slight decrease in US Treasury bond yields helps limit the adjustment of Gold prices. In the coming days, the momentum of the US Dollar and US Treasury bond yields, along with the risk sentiment, will impact Gold price action as traders consider the US New Home Sales data for trading cues. Gold is supported and has been growing as it touches the bottom of a descending channel. It is expected to decrease back to the channel bottom after reaching the resistance zone.
OANDA:XAUUSD
by RKarina
XAUUSD: Breakout on last day of tradingDear friends, what are your thoughts on gold after a challenging week? Let's also strategize for the upcoming week. Looking back at the recent period, the price of gold has mainly been fluctuating around the range of $2022 to $2028, despite some news affecting gold, but not significantly. Until last Friday afternoon, gold experienced a significant volatility, with prices dropping straight to $2016 and then rebounding strongly to reach $2041. In the context of some officials from the Federal Reserve stating that they are not in a hurry to lower interest rates due to high inflation, financial investors are expecting a rate cut by the Fed in June 2024. As a result, the US dollar weakened against many other currencies, boosting today's gold prices. Currently, the precious metal has stabilized at around $2035, making this weakness a corrective wave after breaking through $2033. It is expected that next week, gold will continue to decline further towards the range of $2031 and $2028, as indicated by Fibonacci before the price resumes its upward trend.
OANDA:XAUUSD
by RKarina
EURUSD: SELL?The EUR/USD pair is trading with a softer tone as the US dollar (USD) modestly rebounds in early Asian trading on Monday. The market will be paying attention to the US PCE inflation data for January this week, which could cause some volatility. At the time of writing, EUR/USD is trading at 1.0818, down 0.01% on the day. With the possibility of forming a head and shoulders pattern and a bearish price, I expect that after the price receives support and increases to the specified level, it will decrease with the target specified on the chart.
Short
by RKarina
What's changed in the gold price this week?Hello everyone, RKarina is delighted to meet you all again. Let's discuss our strategy for the new week for XAUUSD! Currently, at the opening of the trading session, gold is moving quite steadily at around 2033 USD, with no change in direction compared to the last closing at 2035 USD. In terms of prospects: From a technical analysis perspective: the Bollinger Band indicates two notable levels to watch out for in the near future, with a peak at 2055 USD and a support level at 1990 USD. In terms of market news: The European Central Bank maintaining its stance on interest rate cuts and a significant allocation of the Euro could put pressure on the USD. This will have a positive impact on the price of gold, as the interest rate adjustment period is coming to an end and gold could increase to 2050 USD by the end of the week. What about you? What do you think will be the movement of gold? Will it continue to rise or fall?
OANDA:XAUUSD
by RKarina
EURUSD: End of blue translationHello dear readers, it's RKarina here again. Currently, EURUSD has temporarily closed its trading activities and halted at the level of 1.081. It can be observed that the past week was a profitable trading week for buyers as the price was consistently supported and moved up from the newly established support level at 1.070. As a result, the risk sentiment has improved, making it difficult for the USD to regain strength and thereby creating some foundation and support for EURUSD. RKarina expects that this currency pair will continue to increase in price in the near future, aiming for the level of 1.091 as indicated by Fibonacci as a corrective phase following the retreat from the first marked wave. What are your thoughts on the future trend of EURUSD?
by RKarina
EURUSDHello everyone, today EURUSD has risen higher on Thursday, testing the highest bid price since early February before returning to the 1.0800 area after the European and US Purchasing Managers' Index (PMI) data came in slightly lower or contrary to expectations. With the ability to create DOW from the chart using Fibonacci retracement levels, the upward movement will soon reach resistance levels at 1.0865 and 1.0918, followed by a rapid decline with an expected touch level of 1.618, which is 1.0418. What about you, do you agree with me?
Short
by RKarina
GBPUSDHello everyone, it's RKarina here again. Overall, GBPUSD continues to trade in an upward trend. So, what factors are driving this upward momentum? Today, the GBP/USD pair achieved modest gains above the 1.2600 level in the early Asian trading hours on Friday. The decline of the US Dollar provided some support for the major currency pair. Currently, GBPUSD is operating near the resistance level of 1.2700, with dynamic support around 1.2680 before 1.2650-1.2660. However, to ensure the safety of your trades, we have recommended a significant support zone around this area, which also coincides with continuous price reaction. When reaching that entry point, we can prioritize buying with an expected increase of 1.3500 and 1.3800.
Long
by RKarina
FOMC: driving force to help Gold prices increase!GOLDEN INFORMATION: In Wednesday's Asian trading session, the price of gold (XAU/USD) experienced a slight decrease and moved away from its two-week high of around $2,048-$2,049 reached the previous day. This decline is attributed to investors adjusting their expectations regarding the pace and extent of interest rate cuts by the Federal Reserve due to strong economic data from the United States. As a result, the US Dollar (USD) remains strong, reaching its highest level since December 13 earlier this week, putting pressure on the value of gold. However, the recent decline in US Treasury bond yields may hinder strong betting on the USD by investors. This, along with concerns about geopolitical risks arising from tensions in the Middle East, could continue to support the demand for gold as a safe haven asset. Investors may also choose to be cautious and wait for the highly anticipated monetary policy meeting of the Federal Open Market Committee (FOMC) before taking any significant actions related to gold, which currently lacks yield. Personal opinion: The price chart according to technical analysis is supporting the Uptrend, the H1 frame is trading above the stable EMA, economic experts at today's FOMC meeting also support keeping or reducing interest rates and support gold's rise.
OANDA:XAUUSDLong
by RKarina
15 Feb ’24 — Nifty within kissing distance of a Bullish breakoutNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “In the 63mts chart, see the encircled region — the strength of the green candles stands out prominently. This has given Nifty a total makeover, till yesterday we were neutral with a moderate bearish bias. Today we are still neutral but with a bullish bias — as the resistance of 21913 is much closer than the support of 21491.” 4mts chart Nifty has lived up to the expectation today, the momentum it gained yesterday post 14.07 was legitimate. Not only did Nifty hold its ground today but showed intent to take out the 21913 resistance. The open was right at that zone but we quickly lost a few points. The candle at 09.47 carried the hidden message that a breakout was in the cards. That single candle had a swing range of 73 points. Even though we did not do anything unusual till 13.31 - the options premium was going crazy. One mistake I made was to switch to the next-weekly instead of the current one as I felt a breakout would happen post 3 PM. The break came early at 13.35 and what it did was shoot up the CE premiums, nothing unusual in that. But the PEs were not dropping in value. So on one side, my short CEs were trading in deep RED whereas the short PEs were not going into green. Meanwhile, the breakout did not prove successful - but it definitely woke up the bulls. Almost all the top 8 components were reacting positively to this break. The final close was right near the 21913 SR zone. Over the last week, Nifty rose 166 points ~ 0.76% and if you notice the 63-minute time frame - it has formed a triple bottom-like formation on a descending trendline. Since Nifty already retraced back to the resistance level - we assume it is ready for the next leg of outperformance. The first thing it has to make sure tomorrow is to defend the 21913 levels - if it falls below that, the bullish breakout will not pick up pace. A gap-up is ideal as it will quickly tip the balance to the Bulls as short sellers will have to run for cover. We wish to change the status from neutral to bullish only if we get a 63mts candle above the 21913 resistance line. 63mts chart
NSE:NIFTY
by viswaram
13 Feb ’24 — Even after gaining 127pts, we are still neutral ➡️Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “For tomorrow we wish to keep our eyes open for any bearish clues although we wish to stay neutral to start with. As always, we prefer BankNifty to make its move first and then Nifty50 will align itself to that direction.” 4mts chart We really thought the open may be flat and we would start falling, but to our surprise, we hit a session low of 21543 and then started climbing. By 11:11 Nifty had climbed an impressive 223 points ~ 1.04%. The options premium were totally weird today, an equidistant PUT and CALL options were trading highly skewed to the PUT side. Since we had some strangles on, we noticed even a premium spread of 1:2 wherein 1 lot of PE had the premiums of 2 lots of CE. Skews like these usually do not happen without a reason, in hindsight the reason was that the upside was capped. The PUT options were rightly priced and CALL premiums were not spiking - indicating that Nifty may not rise further. But this made no sense if you looked at the chart between 10 to 11 AM. BankNifty proved to be a bigger disappointment today, despite gaining 620 points ~ 1.38% - it was unable to break the resistance. Just imagine, when was the last time an Index rallied greater than 1.3% and still had a bearish tone? NiftyIT had no plans of its own - it was jumping around from RED to GREEN for no reason whatsoever. On the 63mts chart, Nifty is still neutral with no clear indication of the next direction. BankNifty is bearish and the chances of Nifty going down may be higher due to that. The first target to break should be 21491 below which the bearish momentum will pick up an avalanche effect. 63mts chart
NSE:NIFTY
by viswaram
NBCC - Going For 100% gain.NBCC, at present has a strong Order book of more than Rs. 50,000 Crore and it has been developing mega projects in various sectors across India and overseas such as Healthcare, Education, Industrial, environment and many more. On-Going major Domestic Projects: Redevelopment of Nauroji Nagar into Delhi’s one and only World Trade Centre (WTC) Redevelopment of GPRA colony at Sarojini Nagar, New Delhi Redevelopment of GPRA colony at Netaji Nagar, New Delhi Redevelopment of iconic Pragati Maidan Complex into a World Class State-of-The-Art Exhibition-Cum-Convention Centre (IECC) Redevelopment of Gomti Nagar Railway Station, Lucknow Buildings work at IIT Bhubaneshwar State-of-Art Sports Injury Centre at Safdarjung Hospital, New Delhi Flat housing complex for AIIMS staff on redevelopment model Vanijya Bhawan, New Delhi Utkal University, Bhubaneshwar Kaushal Bhawan, New Moti Bagh, New Delhi Development works at Odisha for Odisha Hydropower Corporation Limited (OHPC) Various Development work for District Mineral Foundation work at Jajpur, Odisha Development of infrastructure and facilities in the main campus NIT, Uttarakhand Development of Students Hostels And Faculty Apartments at IIT-BHU, Varanasi for IIT (BHU) Development of Mini Campus for NIT, Delhi at Narela Development of Science and Innovation Park At IIT Delhi Permanent campus of IIM, Ranchi, IIM, Sambalpur and IIM, Visakhapatnam CBI works (Housing) , Maidangarhi, Delhi Construction of East Delhi Hub, Karkardooma Rani Laxmi Bai Central Agricultural University, Datia On-Going major Overseas Projects: Construction of house Attorney General (AG) office and Police Head Quarter at Mahe, Seychelles. Construction of 2000 Social Housing Units in Hulhumale Maldives. Construction of Police Academy at Mauritius. Construction of Forensic Science Laboratory at Mauritius. Construction of National Archives & National Library at Mauritius. warning :-Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision.
NSE:NBCCLong
by mDeepak_
USDJPY: Bearish behavior takes advantageHello everyone, what do you think about the USDJPY today? Will it increase or decrease in value? Currently, this currency pair is trading around 146.69 and has lost 0.12% during the day. The level of 147.00 has failed to sustain the current downward trend, and any further price declines are likely to find strong support near last week's low around the 145.65 area. However, additional selling activity may be seen as a new factor for traders to push prices lower and open the door for deeper losses as it adjusts to the 0.618 retracement level and the selling side seeks more opportunities to push the USDJPY down to the 144.800 level.
Short
by RKarina
EURUSD: bullish or bearish?Dear friend, EURUSD continues its losing streak this week, with the price of this currency pair trading around the 1.081 level and struggling to find any significant support on the chart. The primarily influencing factors are market news and investor sentiment, along with the volatility of the USD. If sellers regain control, EUR/USD could potentially return to the lows around 1.075 and possibly even 1.066. These are two significant support levels to watch. Conversely, if conditions favor EURUSD, it could bounce back from those levels and move higher.
by RKarina
EURUSD: Continue to be restrainedHello, it's great to see you all again for today's discussion on EURUSD! Currently, in the early trading hours of Thursday, the EURUSD currency pair continues its downward trend, with the trading level at the time of writing being 1.081. The strengthening of the US dollar has sparked new selling pressure on EUR/USD, pushing it down to its lowest level in the weekly range near the psychological area of 1.0800. The selling side seems to be showing a clear determination to push this currency pair down towards the testing area at 1.073, which is the final support level according to the Fibonacci measurement.
Short
by RKarina
1
XAUUSD: Transactions are full of greenHello everyone! Today, the price of gold touched the levels of 2034 and 2036 USD at the beginning of Wednesday and is still mainly trading sideways as of the time of writing, although it is receiving strong support from the 2015 USD level and breaking out of the previous downtrend channel. Overall, the US dollar is regaining its position in the context of risk aversion sentiment, despite the decrease in US Treasury bond yields. All eyes are now focused on the Fed's decision on a new direction for Gold prices that does not bring profits. The daily chart shows XAU/USD trading in green for the second consecutive day as buyers gain confidence. Upon careful observation, we have noticed that gold has surpassed both the 34-day and 89-day exponential moving averages (EMA), but lacks enough strength to confirm an expanding uptrend. Currently, gold is trading near the resistance level of 2040 USD. Breaking above this resistance level will open up opportunities for further price increases in this precious metal, reaching higher levels at 2055 and 2088 USD.
OANDA:XAUUSDLong
by RKarina
Strategy to consider in the short term_ XAUUSDHello everyone! Yesterday, gold experienced a significant price increase, jumping from 2030 to 2056 USD, equivalent to nearly 26 USD. Currently, the price is adjusting and currently stands at 2040-2041 during the early trading hours of the Asian session, with prospects still favoring the buying side. Despite the DXY index showing signs of development, gold continues to demonstrate its strong recovery potential in the context of the possibility of the US not lowering interest rates anytime soon. So far, political tensions in the Middle East have not shown any signs of easing but rather continue to escalate. This is a factor that helps gold maintain its high and stable price above the $2,000/ounce threshold.
OANDA:XAUUSDLong
by RKarina
GBPUSD: Trading becomes attractiveHello everyone, the GBP/USD pair remained below the 1.2700 level during the early Wednesday Asian trading session. The UK's Nationwide House Price Index for January will be released ahead of the Federal Open Market Committee (FOMC) monetary policy meeting on Wednesday. From the 4-hour chart, we can see that the price has formed a double top pattern and declined, breaking out of the previous uptrend channel. Currently, the 34 and 89-period Exponential Moving Averages (EMA) technical indicators continue to support the downward price momentum of this currency pair. Given the current picture, it would not be surprising if GBP/USD makes new breakthroughs below the mentioned support on the 4-hour analysis chart
Short
by RKarina
2
EURUSD: Continuing to search for new bottoms!The EUR/USD pair is recovering some lost ground below the 1.0800 level in early Asian trading on Tuesday. The pair's recovery is driven by the modest decline of the US dollar and lower US Treasury bond yields. In the short term, there are expectations of an increase, but when looking at the longer-term trend, the weakness of this currency pair has not yet stopped. It has just surpassed the support level of 1.085 and still aims to find momentum around the 1.075 level. If that price level continues to be broken by the bearish side, EURUSD still has another opportunity at the 1.066 level as it is a significant support level that has helped EURUSD rebound strongly in the recent past. The currency market is fully priced in.
by RKarina
XAUUSD - Be cautious in every step!Gold prices stood firm on Monday, rising over 0.70%, supported by increased tensions in the Middle East along with the previous day's gains in the US Dollar. The XAU/USD exchange rate traded around $2031.60, down 0.07%, after bouncing back from last week's low of $2017.92. In the near term and based on the 4-hour chart, XAU/USD is neutral. It is currently consolidating its short-term uptrend, as evidenced by the potential catalyst provided by the 34 EMA, although the price is approaching the resistance level of $2040 where it has consistently reacted. The "buy on dips" trading strategy for gold continues as long as the support level of $2015 is maintained. This is because, following last week's decision, policymakers are trying to temper hopes of an interest rate cut in April, which the currency market is fully pricing in.
OANDA:XAUUSD
by RKarina
How is gold price traded today?Hello dear friends, let's explore the price of gold together! Regarding the developments and outcomes of the news on January 22nd: The price of gold experienced significant fluctuations, mainly trending downwards. This is due to the strengthening of the US dollar as the Federal Reserve is unlikely to cut interest rates in March. As a result, investing in gold becomes more expensive due to higher interest rates. Conclusion on gold and trends: The price of gold is tied to a narrow range, trading around $2,021 in the Asian session on Tuesday. The market becomes cautious ahead of a busy week with policy meetings from central banks. The "buy on dips" trading strategy for gold continues as long as the significant static support level of $1,980 is maintained. Evidence shows that the price is forming a cup pattern as we have indicated on the chart. The upward trend could strengthen further if strong buying pressure is received from this support level.
OANDA:XAUUSD
by RKarina
USDJPY: Continue to reduce as the new week begins!Dear friends, USDJPY started the session today with a slight decline, trading around 147.75 and losing 0.25% throughout the day as it remains in a corrective wave despite its short-term upward trend. In this context, the Japanese Yen attracts some safe-haven flows amid deepening political tensions. The USD maintains stability below its monthly peak and may support USD/JPY. Traders can also anticipate the important FOMC meeting in the face of uncertainty regarding interest rate cuts. Any further price slide is likely to attract buyers near the round figure of 147.00, which would help limit the downside of the USD/JPY pair near the 146.45 area or last week's low level. A convincing break below the following level could shift the short-term trend favorably for bearish traders and push the spot price down to the horizontal support level at 146.700.
Short
by RKarina