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Wave Analysis

Chart of the weekChart of the Week: Deep Dive into Technical Analysis Join us for our weekly chart analysis where we dissect the most trending stocks and indices. This week, we'll delve into the intricacies of technical analysis. Learn how to: Identify patterns: Spot classic chart formations like head and shoulders, triangles, and flags. Use indicators: Understand the significance of moving averages, RSI, MACD, and more. Determine support and resistance: Pinpoint key price levels for potential buy and sell opportunities. Whether you're a seasoned trader or just starting out, this episode will equip you with valuable insights to make informed investment decisions. Don't miss out!
Long
by Arthavidhi
forex and gold forecast for this week 1/09/2024 to 6/09/2024 Hey there! It sounds like you’re ready to dive into the markets next week. Here are some key points to consider for your trading strategy: Gold (XAU/USD) Trend: Gold is in a consolidative phase around $2,500. Watch for a breakout above $2,532 for potential bullish momentum. Support/Resistance: Key support at $2,470 and resistance at $2,532. A break above $2,532 could target $2,550 and $2,600. Factors: Keep an eye on US PCE inflation data and geopolitical tensions, especially between Russia and Ukraine. Forex (USD) US Dollar: The USD might face bearish pressure. Focus on employment data and Federal Reserve decisions. Key Influences: Potential Fed rate cuts and economic data like retail sales and employment figures will be crucial. Trading Direction Gold: If gold breaks above $2,532, consider long positions. If it falls below $2,470, short positions might be favorable. USD: With bearish pressure, look for opportunities to short the USD against stronger currencies.
CAPITALCOM:GOLD
by JORTOW
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