CAD JPY Entry Setup 30 mins timeframe.30 mins Supply Zone
Lets wait for price to pull into the 30 mins supply zone, we will enter based off candlesticks confirmations.
Forexpower
#XAUUSD 1HXAUUSD Analysis (1H Timeframe)
A potential selling opportunity is anticipated near the resistance zone at 2650.00–2646.00, which appears to be a favorable area for sellers.
Target Levels:
2624.
2614.
2606.
Important Note:
If the price closes above 2656.00, refrain from entering sell positions, as this could signal further upside potential.
It is advised to avoid placing pending orders at this time. Instead, wait for clear bearish confirmations before executing a trade.
Trade wisely!
NZD/CAD Buy Opportunity Our market update already hit TP on NZD/CAD before with the sell position, which played out well. Now, we're shifting gears with a BUY possibility!
Entry: 0.82530
Take Profit: 0.84505
Stop Loss: 0.81089
This setup is based on a careful analysis of the current market conditions. As always, trade responsibly and manage your risk wisely! This is not financial advice.
Gold next move and highly accurate read the caption At the time of writing, however, market participants are battling to establish a trend. The USD retains its strength, but the momentum eased, while US indexes pared the bleeding, with only the Nasdaq Composite trading in the red. The macroeconomic excitement will likely recede as the US other relevant figure to release for the rest of the week
EUR JPY Trade Setup 4 Hour TimeframeOn the 4-hour timeframe, EUR JPY is pulling back for a retest of the broken resistance level, which has now turned into a new support level.
The pair continues to move in an uptrend, forming higher highs and higher lows while bouncing off a support trendline.
We will be looking for buy opportunities as the price tests this key support level.
GBP USD Entry Setup 30 mins timeframe Now we wait for full confirmation from the level i marked out, if we don't get solid candlesticks confirmation from that level there will be no entry.
Stay waiting and stay patient.
XAU continues to rise due to tensions in the middle eastIn the Middle East, tensions continue to escalate and could spread after the US announced it would send troops and advanced anti-missile systems to Israel to protect its ally. Earlier, Israel's air defense system was hit by a supersonic missile from Iran and a military base was attacked by drones from Hezbollah.
XAUUSD, 30-minute timeframe chartXAUUSD, 30-minute timeframe chart
XAUUSD break the resistance level of 2,667.00
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,667.00.
Possible scenario
The best way to use this opportunity is to place a buy limit order at 2,666.30.
Set your stop loss at 2,660.30 below the previous low ($6.00 loss for 0.01 lot) and take profit at 2,682.30 ($17.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Safe-haven demand on geopolitical tensions in the Middle East wi, the breakout of the USD and strong economic data could have pushed gold down further, but in fact, the recent decline of gold has been relatively shallow. That shows that the buying power of the yellow metal has not ended yet.
Some other analysts said that although the price of gold has increased to 2,650 USD/ounce, the highest level in many weeks after the US announced the production index (PPI) at the end of last week, gold will still face difficulties in the coming time due to pressure from the USD and stronger bond yields.
eurnzd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XAU short term trend predictionGold did not receive support from economic news or data last week but still maintained a stable price.
The US consumer price index in September 2024 did not meet the expected growth rate. The number of unemployment claims in the US increased to 258,000, higher than the forecast of 230,000.
The market is closely watching the next economic reports from the US to predict the possibility that the US Federal Reserve (Fed) will cut interest rates next month.
There is an 80% chance that the Fed will cut interest rates by 25 basis points in November, while there is a 20% chance that interest rates will be kept unchanged. Lowering interest rates can reduce the opportunity cost of holding gold, thereby supporting gold prices.
XAU short term trend predictionEconomic events this week that could impact gold include U.S. retail sales data to see if consumer spending continues to be resilient, and the European Central Bank’s monetary policy decision on Thursday. Markets will also be watching the Empire State manufacturing survey, weekly jobless claims, housing starts and U.S. building permits.
short term trading strategy for goldWorld gold prices rose again to around $2,640/ounce. High inflation data may cause the US Federal Reserve (Fed) to cut interest rates at a low level at its upcoming meeting in November. According to the CME FedWatch tool, the market is expecting an 84.9% chance that the Fed will cut 25 basis points at its November meeting.
Peter A. Grant, Vice President and Senior Metals Strategist at Zaner Metals, predicts that gold prices may soon reach $2,700/ounce and even $3,000/ounce as safe-haven demand continues to increase. Some other experts also expect gold prices to continue to increase in the near future due to global economic and geopolitical instability. Despite the pressure from US interest rate fluctuations and geopolitical tensions, precious metals are still a safe choice for long-term investors.
Swiss bank UBS predicts that the ongoing easing of monetary policy, not only by the Fed but also by other central banks globally, will continue to support gold prices.
Gold prices plummet after CPI newsGold is currently trading around $2,608 an ounce, down 1.7% this week. This is largely due to rising US Treasury yields, which have dampened expectations that the Fed will cut interest rates by another 50 basis points.
Minutes of the Fed's recent meeting showed that Chairman Jerome Powell faced some opposition to the rate cut in September. Some officials expressed that the rate cut should be smaller than the 50 basis points. Separately, Dallas Fed President Lorie Logan said on Wednesday that monetary policy easing should be done at a slower pace after last month's cut.
Markets are awaiting CPI data due later Thursday. If inflation continues to decline, this will support the possibility of the Fed cutting interest rates in the near future.
BTC Big Fall With MA-200 read the caption The price faced hurdles near a key bearish trend line at $64,200 on the same chart. There was no convincing close above the 100 simple moving average (red, 4 hours).
The price corrected gains and declined below the $63,500 level. Immediate support is near the $62,200 level. The next key support sits at $61,400. A downside break below $61,400 might send Bitcoin toward the $60,500 support. Any more losses might send the price toward the $60,000 support zone.
On the upside, the price could face resistance near the $63,250 level. The next key resistance is at $64,502. A successful close above $64,500 might start another steady increase. In the stated case, the price may perhaps rise toward the $65,501 level
Gbpusd downfall big dip read the caption Intraday bias in GBP/USD is turned neutral with loss of downside momentum as seen in 4H MACD. While corrective fall from 1.3433 might extend lower, strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias back to the upside for stronger rebound. However, decisive break of 1.3001 will carry larger bearish implications
CAD/JPY Trade Setup 1 hour timeframe On the 1 hour timeframe CAD JPY has formed a Head and Shoulders reversal pattern.
The price is currently at the right shoulder which is our entry level, we need to wait for candlesticks confirmation from this level before taking our sell. ⏰
Note: This pattern was formed in a Daily resistance level.
Gold fell sharply after no news from the fedThe positive economic data recently released has caused investors to take profits on gold, shifting their investments to profitable assets such as stocks. Investors are also selling gold because today, the Federal Open Market Committee (FOMC) will release the minutes of last month's meeting.
The employment report and positive economic data, investors expect the report will also have a positive assessment of the economy, as well as the interest rate policy may remain unchanged so that the Federal Reserve can maintain the conditions to bring inflation to the target of 2%.
XAU drops sharply without any newsThe USD continues to surprise the market when it has increased quite strongly in recent sessions. Along with that, countries are also lowering interest rates and looking for ways to support the weakened economy after the pandemic and the instability of production chains as well as reduced consumer demand around the world.
The price of gold rings in basic units remains the same in both buying and selling directions compared to the previous session.
According to technical analysis, the indexes reaching 50 points are an expansion level. However, at the time of assessment, consumers are more optimistic than last month, showing a positive trend, they will buy more goods and services, which will boost domestic demand, stimulate businesses and the economy to grow better.
Gold prices fell sharply below 2,640Gold prices were volatile last week. After the US employment data was released at 7:30 p.m. on Friday, gold prices fell sharply below $2,640/oz, but then at 10:00 p.m. the same day, gold prices rebounded, reaching $2,670/oz but immediately fell back to $2,642/oz at 11:30 p.m. Currently, gold prices are little changed around $2,650/oz. The decline in the precious metal was limited by increased safe-haven demand due to concerns about escalating tensions in the Middle East.
There are several important data releases this week. The biggest risk for gold is the US consumer price index for September. According to Economists, the market will be eager to see whether inflationary pressures continue to ease, which will support the US Central Bank's easing cycle. Markets will also get the minutes of the Fed's most recent monetary policy meeting.
Gold remains a safe choice in the current climate of conflict anThe world XAU price fluctuated slightly due to the impact of the US employment report and the tension in the Middle East. It is expected that the gold price will continue to fluctuate slightly next week, influenced by economic and political factors.
Gold stands firm amid Middle East conflict outbreakThe world gold price increased quite strongly after Iran's airstrike on Israel, but also cooled down, then increased rapidly again. The gold price on the international market is holding high, showing its "durability" amid escalating tensions in the Middle East, after Iran massively fired hundreds of missiles at Israel. Israel's Iron Dome air defense system is said to have failed to stop many missiles.
In the context of the chaotic world political situation, especially in the Middle East, calling Bitcoin (digital gold) a safe haven has caused disagreement among many precious metal supporters.
XAU stands firm in the face of world politicsWorld gold prices are under great pressure in the context of the unstable world political situation. Domestically, the price of gold rings has increased sharply compared to gold bars - experts recommend that investors should be cautious when buying if the goal is to invest for profit, because the risk is high.
World gold prices are under pressure to decrease due to profit-taking activities and the USD has increased quite strongly again.
Gold prices also decreased because investors were cautious before the US economy announced important figures. These figures are believed to be able to provide clues about the scale of the interest rate cut by the US Federal Reserve (Fed) expected to take place at the end of the year. In addition, the USD's increase has also pulled money back to the greenback.
