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Gold buyers exhausted, south direction to take prices at 1323.92The shiny metal went past the 1355 level on friday and on the same day reverted back to end the day on a negative note, which indicated that the buyers ran out of steam. Today, the prices breached the immediate intra - day support of 1337.88, which further supports the bears. Moreover, on daily basis, the prices are showing divergence with the RSI indicators, extending support to the bearish outlook for gold. I think the prices will touch the 1323.92 support before we can see any upwards movement in XAUUSD. on reaching this level RSI would also be at support of 60. If the prices break further below this level, next target will be at 1310.16.
FX_IDC:XAUUSDShort
by forexnoobmaster007
USDKRW Uptred Movement Potential with RISK:REWARD 1:3 #forexanalysis ,#forexsignalservice, #forexgroup, #forextraders , #forexsignals, #trading,#forexmarket, #forextrading, #forex Symbol :USDKRW (US dollar with South Korean WON ) Time frame :30 minutes What is the analysis/ Break out happened above support line .If We look into the consolidation pattern, we got a symmetrical triangle. Break out happened on the down side, rallied a bit on downtrend, again came for retesting but it couldn't able to go further down side. Instead it crosses the resistance line and also support line with high Buyers volume. So We can go for BUY call. Buy at 1313 with stop loss 1293 and the target 1366 . RISK:REWARD 1:3 HOPE our analysis is adding value to your Stock market trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading
Long
by TanujaK
Gold price has not escaped from the decrease cycleHello everyone! Today, the price of gold has dropped to its lowest point in 7 months. This decrease is a result of rising export benefits and inflation in the US, which is leading to expectations of tighter monetary policy. Gold has been steadily declining since it failed to receive a price increase from $2068 USD and is now trading at $1823. While there have been some signs of recovery, they are not significant. On the other hand, there has been a strong increase in the US dollar index (DXY) due to data showing an unexpected rise in job opportunities during August. In the previous session, this index experienced a breakthrough from over 105 points to over 106 points. This is significantly higher than the threshold of 100 points set back in mid-July. Another factor contributing to gold's decline is its close relationship with oil prices, which have also cooled down recently.
OANDA:XAUUSDShort
by Samson-FX
NZD/USD continues to maintain the downtrendGreetings everyone! The ascending trend in the 4-hour timeframe was disrupted by a significant breakthrough at 0.593. Consequently, the NZD/USD currency pair remains under selling pressure below the 0.5900 level, having failed to sustain above 0.6000 during early Asian trading on Tuesday. At present, this particular currency pair is being traded around 0.589, reflecting a decline of 0.9% for the day. The increase in value of the US dollar (USD) and higher interest rates offered by the US Treasury have exerted considerable stress on NZDUSD exchange rate.
by Samson-FX