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Gold sideway this weekAt the end of last week's session, GOLD continued to maintain a downtrend and fell around the 1933 - 1935 area. If we now label the wave, we can take the starting point of this downtrend at the 1963 - 1965 area, because Before that, there was a quick recovery that ended and created a downward structure afterward. If we take the peak of wave 1 at 1933 - 1935, the price has now completed 4 large waves (Red Label) with wave 3 being an extended wave form. This morning, the wave 4 structure is forming at 1939 - 1942 and begins. Selling pressure appears again in this area, so the probability that this evening, the downtrend will continue to form. With the trading strategy, we can wait to sell around the 1939 - 1942 area with a short-term target at 1933 - 1935. However, with this strong selling pressure, it is likely that the price will further decrease to the 1919 - 1924 area.
OANDA:XAUUSD
by Kalista_Trading
DXY: DXY technical analysis todayThe three major US stock indices continued to eke out small gains while bonds rebounded from Monday’s corrective move lower, pushing yields down again. Several Fed speaks turned out hawkish still despite last week’s dovish pause and data weakness seen in the labour and services sectors. Fed Logan said inflation still remains too high. Fed Waller said the spike in yields was an “earthquake” for the bond market, while Fed Bowman said it was too soon for policy makers to know the full effects of the recent rise. Earlier in European and Asian sessions, stocks ended in the red as weaker than expected China exports stoke fear growth in the economic giant is cooling much more than expected. Futures are pointing to mixed openings in the Asia markets today. • Global bonds rebounded and drove yields lower again by and large. The UST curve shifted lower by 2-9bps across the curve led by the long ends, bull flattening the curve. 10Y European bond yields also fell about 8-10bps with the German bunds losing 8bps to 2.66% while the UK gilts shed 10bps to 4.27%
TVC:DXYLong
by TheForexFamily
1
DXY formed a downtrendThe DXY chart on the 1D frame formed a bullish leaf, but yesterday DXY had a false breakout, so it is likely that today DXY will tend to decrease, tomorrow there will be news of Non-Farm Employment Change, if the news is bad, DXY may dropped to 104.28, on the 1D chart stochastic is in the overbought area and is trending down, RSI is also trending down. On the H4 chart, stochastic is falling very strongly and so is RSI, so it is likely that DXY today will fall in the range of 106.12 - 105.68 and 105.68 also coincides with the 200 EMA, tomorrow there is news that DXY may fall to 104.28.
TVC:DXYShort
by TheForexFamily
Technical analysis and news for today's gold trading strategyOn the 1D chart, gold has formed a doji candle, and the FED still maintains the interest rate at 5.50%. In yesterday's press conference, Mr. Powell continued to bring inflation down to 2%, and when the FED has not brought inflation down to 2-2.5%, they still did not reduce interest rates. Mr. Powell emphasized that short-term monetary policy The regime currently in place will continue until inflation and other data dissuade the Fed from maintaining the current interest rate, at which point they will begin to think about reducing interest rates, he also said that the restrictive policies The currency has not yet brought inflation down to 2%. The SPDR fund started buying in small quantities. According to technical analysis, gold is likely to increase and the immediate target is that gold will break the EMA 20, then gold can go up to retest the price increase channel. Currently, daily Stochastic is falling, the histogram has also shown signs of decreasing, RSI has also left the overbought area and is at 64. On the H4 frame, stochastic is in the oversold area and is trending up. Histogram has begun to grow negative. On the H1 chart, the histogram is growing negative and the stochastic is pointing up, showing that it is recovering, showing that gold today will sideway from about 1985-1975 and 1975-1991.
OANDA:XAUUSD
by TheForexFamily
XAUUSD : XAUUSD trading strategy today Currently, gold is still fully above the H4 framework price increase channel. Unless gold breaks out of the upward price channel, the trend for gold will still be up. Conversely, if gold breaks out of an upward price channel, the trend will be bearish. On the daily chart, the histogram is still rising and no such deviation is seen on the daily chart. Even though the stochastic has been in overbought territory for a long time and the RSI is in overbought territory, gold is still likely to move higher. There are signs that gold is not going down. On the H4 chart, the histogram starts to get shorter. Stochastic has moved out of overbought territory. Gold is very likely to have a correction rhythm in the coming days and then accumulate and move higher. There is some news today, but it doesn't have much of an impact on gold, gold could fall to the 1991-1986 range, buy in that range and limit your losses from 1985-1984. can. Currently, gold is moving sideways around his 2004 to his 1989 . We can still surf.
OANDA:XAUUSD
by TheForexFamily
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FLong
by VKtradesimbalance
26th Oct ’23 - Nifty hits the jackpot of 18880 - PostMortemNifty Weekly Expiry Analysis Nifty fell a whopping 765pts ~ 3.90% between the last expiry and today. Most importantly it has retraced all its gains from 28th June to close below 18880. We will cover why that is relevant below, but this fall of 4% signals a reversal in trend. Even though VIX is still below 12%, it is showing a tendency to spike, reassuring the bearish sentiment. Nifty Today’s Analysis Recap from yesterday: “On the daily timeframe, the next possible candle that should appear should have its low touching the 18880 level (best case). If Nifty manages to pull this out, it will be an awesome November and December month getting lined up for the Bears. Since Nifty went up from 18880 to 19310 as 3 white soldiers, the return should be nothing less than 3 black crows.” Nifty50 was quite benevolent today, we set a target of 18880 and Nifty hit that by 10.55. That’s a first - 99 out of 100 days the strategy we set for days like these ends up worthless. A day like today will ensure that 1 day is good enough for the options to go deep in the money. We had a gap down open of -86pts ~ 0.45% and from there we fell another 193pts ~ 1.02%. The final close was at 18857. The chart may not paint the severity of the move since its on a logarithmic scale - but trust me, the pain was much more. Except for AXIS, ITC and HCLTECH - the cuts were pretty steep for everything else. On the 1hr chart, the intensity of the first candle is quite obvious. We took out 211 ~1.11% in the first hour itself. The remainder of the day was more or less sideways with a slight bearish intent. On the daily TF, notice the orange color encircled regions. You can quickly relate what 3 white soldiers and 3 black crows are. Today’s closing ensures we retouched the new ATH set on 01 Dec 2022 & 19 Jun 2023. Further price action should be interesting as the global macros keep on deteriorating. For tomorrow, I wish to maintain my bearish stance and expect Nifty to trade between 18880 and 18762. If we break 18762, my next target would be 18597.
NSE:NIFTYShort
by viswaram