KevinNguyen-SimpleTrade

KevinNguyen-SimpleTrade Updated 

🔍 Market Overview Gold prices dropped more than 1% amidst a strong sell-off in the global market, driven primarily by the decline in global stock markets rather than just interest rates or currency movements. This sell-off is tied to liquidity issues, as gold is being sold alongside other risk assets, reflecting a minor liquidity crisis. 💡 Key News: Fed Policy...

KevinNguyen-SimpleTrade Updated 

🔍 Insights from FVG (Fair Value Gaps): The chart highlights key Fair Value Gaps (FVG) – liquidity voids that price tends to revisit and fill. FVG acts as a magnet: Prices often retrace to these zones to rebalance liquidity. Currently, gold is trading near the strong resistance level of $2,786, which could trigger a significant correction. 📊 Key Levels to...

KevinNguyen-SimpleTrade

🌍 Market Overview: As the highly anticipated Nonfarm Payrolls report approaches, both USD and gold markets are poised for significant volatility. This report, alongside other key economic indicators, will set the tone for market sentiment and trading opportunities in the week ahead. 📊 Key Economic Updates for the Week: Nonfarm Payrolls (Friday): Expected to...

KevinNguyen-SimpleTrade

🌍 MARKET OVERVIEW 🔹 The FOMC has kept interest rates unchanged at 4.25% - 4.5%, aligning with market expectations. This signals a cautious stance from the Fed, as they require more economic data before making further policy adjustments. 🔹 The outlook for the USD remains optimistic, as policymakers are not hinting at early rate cuts. This could apply pressure on...

KevinNguyen-SimpleTrade Updated 

📈 Gold Unexpectedly Surges Ahead of FOMC Data – Prepare for Major Volatility 🚀 🔍 Market Overview After a sharp 60-pip drop at the market open, gold made an unexpected recovery yesterday. Currently, on the H1 chart, price is approaching the 0.618 Fibonacci level, but the reaction here seems weak. If sellers do not step in with enough strength, gold could continue...

KevinNguyen-SimpleTrade Updated 

🔍 Technical Observations On the H4 timeframe, the Head and Shoulders pattern on DXY has completed, signaling a potential strong reversal. Recent Decline: DXY has dropped sharply to the nearest Fair Value Gap (FVG) zone at 107.2xx - 107.5xx, where price reacted significantly. Correlation with Gold: Gold returned to its all-time high zone last week and reacted with...

KevinNguyen-SimpleTrade Updated 

📉 Daily Plan for XAUUSD: Gold Opens the Week with a Price Gap 🔍 Market Overview As anticipated in last week's analysis, the market opened this Monday with a price gap (GAP) due to the strong selling pressure seen late last week. The gap spans approximately 5 points, with gold dropping from $2,770 to $2,764.9. This movement aligns with previous views that gold...

KevinNguyen-SimpleTrade

Gold Returns to All-Time High: Is a Major Correction on the Horizon? 🔍 Strong Reaction at Historical Highs Gold has returned to its all-time high zone, and as it touched this level, prices have seen a significant reaction, dropping $20 to around $2,770. On the H4 timeframe, candles show strong selling pressure at the highs, signaling a potential deeper...

KevinNguyen-SimpleTrade Updated 

📊 Technical Analysis Recap: Following yesterday’s analysis, our market outlook remains on point, delivering a 100-pip profit from our BUY signal. While there have been minor pullbacks, they’ve not been significant enough to break the market’s bullish structure. Our weekly plan has aligned perfectly with the arrows plotted on the chart. 🔍 Key Market Insights for...

KevinNguyen-SimpleTrade Updated 

🌍 Market Update: Gold surged to its highest level in nearly three months on Wednesday, January 22, trading just below its record high. The rally is driven by: ✨ Key Drivers: 💵 Weak USD: The USD Index hit a 3-week low, making gold more attractive for non-USD holders. 📉 Policy Uncertainty: Lack of clarity on Trump’s trade and economic policies supports gold as a...

KevinNguyen-SimpleTrade Updated 

🌍 Key Updates: Last night, President Donald Trump announced during a press conference: "I will impose a 10% tariff on China for fentanyl shipments transported via Canada and Mexico, effective February 1." This tariff rate is lower than the 60% he mentioned during his campaign, which has led to a positive reaction in financial markets. 📊 Market Reactions: Global...

KevinNguyen-SimpleTrade Updated 

🌍 Market Overview: President Donald Trump’s inauguration today has drawn significant global attention. The USD continues to weaken amid concerns over new trade and fiscal policies. Gold reacted strongly, rising more than 0.3% to surpass $2,710/ounce. 🔸 Factors Driving Gold’s Rally: Weak USD: The DXY index dropped to a near two-month low, providing strong support...

KevinNguyen-SimpleTrade Updated 

🌍 Market Overview The financial world is closely watching gold prices as Donald Trump prepares to take office on January 20, 2025. With gold trading above $2,700, the market anticipates fresh momentum to push prices even higher. 💡 Insight: Gold has solidified its uptrend in recent weeks, becoming a safe-haven asset amidst uncertainty. Whether XAUUSD can hit...

KevinNguyen-SimpleTrade

🌍 Market Overview The upcoming week promises significant volatility with major events, especially on January 20, 2025**, as Donald Trump officially assumes the presidency. His new trade and economic policies could shake global financial markets, directly impacting USD and gold prices. 📊Key Economic Data from the US: 1. 🗓️ PMI Data (Jan 24, 2025): The...

KevinNguyen-SimpleTrade Updated 

The US market closed in the red, with spot gold prices rising to their highest level, following the trend we've been monitoring since the beginning of the year. The decline in US Treasury yields caused the US stock market to end the session in the red, as major indices all dropped due to cautious investor sentiment ahead of upcoming economic policies from the new...

KevinNguyen-SimpleTrade Updated 

The US CPI unexpectedly slows down, raising expectations for an early rate cut by the Fed The US CPI index in December increased less than expected. This development not only helps ease the selling pressure in the bond market but also strengthens confidence that the Fed may cut interest rates sooner than previously anticipated. The market is now forecasting that...

KevinNguyen-SimpleTrade Updated 

Gold has slightly rebounded due to support from a weaker US Dollar and easing Treasury yields, as the US Producer Price Index (PPI) inflation data came in lower than expected, easing concerns about rising inflation in the near term. In today’s session, investors will continue to watch for the release of the Consumer Price Index (CPI) data at 20:30 and a speech by...

KevinNguyen-SimpleTrade Updated 

Global Gold Prices Decline as USD Hits 2-Year High The gold market experienced a decline in prices as the US dollar reached its highest level in over two years. The Dow Jones index initially opened with a decrease but later surged over 100 points, while the NASDAQ and S&P 500 remained in the red. Gold prices also initially dropped following the opening of the US...