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gold 2590 vs 50bps cutgold price were range bound in $60 price area but suddenly it breakout on wsj and ft news article on 50bps first cut size possibility. after years of ZIRP and QE big size cut can spark second inflation wave risk since usa economy has not reached into deflation like china this year alone fed has ignored second inflation wave risk two times first in march by saying January effect and inflation bump and second times in Jackson hole speech if fed start cutting rate while ignoring second inflation wave risk is the reason gold breakout the range and trading near $2590 on this h4 time frame - there are two support yellow line dynamic support $2530 static horizontal support if final message of speech stay dovish than gold will stay above $2590 if hawkish then price will retrace back to $2530
OANDA:XAUUSD
by Sangam-Agarwal
2
Multi-Timeframe Live TradingThis strategy follows a multi-timeframe approach, using the 4-hour (H4), 1-hour (H1), and 15-minute (M15) charts. We start with the H4 timeframe, which gives us the overall market direction. It’s important to trade in line with this timeframe whenever possible. If there’s no change in direction on the H4, we move to the H1 to guide our next trade decision. If both the H4 and H1 show no change, we continue to follow the H4 trend. For the Tokyo session, we're focusing on CAD/JPY, which has shifted into a short-term uptrend, despite the H4 and H1 remaining in a downtrend. The potential trade for the London session is GBP/USD, aiming to trade the end of a bearish wave on the 15-minute chart. Happy Trading!
Long
by Charts247TradingAcademy
2
Comprehensive GBPUSD Analysis Ahead of UK General ElectionThis is a comprehensive analysis of the GBPUSD ahead of the UK General Election scheduled for Thursday, 4th July 2024. The chart has been marked to highlight key levels (Decision-Making Points) on the weekly, daily, and H4 timeframes. Below is a summary based on the price analysis: Weekly: Strong Bearish The wave structure on the weekly chart indicates a bearish expectation. Daily: Bearish Wave Structure The daily chart shows a second bearish wave structure with a lower low. H4: Bearish Wave Structure with Pullback The H4 chart has completed a bearish wave structure and shows a valid pullback. H1: Bearish Momentum This morning, a momentum low was made, and the current pullback aligns with the second bearish wave structure.
by Charts247TradingAcademy
A US stock: CVX, Long setup, Swing trade H4 or above timeframe👋Hello Traders, Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in US stock : CVX for Swing trade. Please refer to the details Stop loss, FVG(Buy Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
NYSE:CVXLong
by ICT_Trader_SB
Technical Analysis of Gold (XAU/USD) Read Caption. Introduct ion: Gold (XAU/USD) has recently exhibited a notable pattern on the H4 timeframe, signaling a potential trading opportunity. 📉 A double top formation has emerged, suggesting a shift in market sentiment and a possible trend reversal. This analysis will delve into the implications of this pattern and identify potential trading levels for short-selling opportunities. 💼📉 Analysis: The H4 candlestick chart for Gold (XAU/USD) reveals a clear double top formation, a classic bearish reversal pattern. 📈 This formation consists of two consecutive peaks at approximately the same price level, separated by a trough. Such patterns often indicate exhaustion of bullish momentum and a subsequent reversal in prices. As of the latest market data, Gold is trading within the range of 2033 to 2035. 📊 This presents an opportune moment for traders to consider short-selling positions. The confirmation of the double top pattern suggests a shift in momentum from bullish to bearish, aligning with the principles of technical analysis. 📉💰 Potential Trade Setup: Considering the bearish sentiment indicated by the double top formation, traders may seek short-selling opportunities targeting key support levels. Initial targets for short positions lie within the range of 2023 to 2018, reflecting potential downside momentum in the market. 📉🎯 Risk Management: As with any trading strategy, prudent risk management is essential. Traders should implement appropriate risk mitigation techniques, including setting stop-loss orders and managing position sizes according to their risk tolerance. ⚠️🛡️ Conclusion: In conclusion, the emergence of a double top pattern on the H4 timeframe for Gold (XAU/USD) suggests a favorable environment for short-selling opportunities. Traders may consider initiating short positions within the current trading range, targeting downside levels around 2023 to 2018. However, it is imperative to adhere to sound risk management practices to safeguard against adverse market movements. 📉🔒 Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Traders should conduct their own research and consider their individual risk tolerance before making any trading decisions. 📚🔍
OANDA:XAUUSDShort
by Forex_Haleh_signals_professor
XAU/USD 12 Feb 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish. I have now started to map all CHoCh's to gain a micro-view of structure due to the nature of price action and the size of ranges. Expectation remains as H4 analysis, for price to continue to trade bearish to target weak internal low. H4: Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bearish. -> Has reached EQ. Following swing BOS price very aggressively pushed to the upside. Price printed a bullish iBOS where we are now in the pullback phase. Sub-structure to internal structure, which is marked in red printed bullish iiBOS followed by a bearish iiBOS. Intraday expectation -Price to target weak internal low at 2001.895. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
EURUSD Full Chart AnalysisWeekly: From November 2022 to the present, the weekly chart of the euro against the U.S. dollar presents an "Uptrend Channel" , and the past five weeks have happened to be in a downward trend. The current price is looking for strong support. It is estimated that the integer around 1.08 is the key support from the graphical observation. Thinking from the weekly chart: we should have long positions near the support of 1.0800, and expect the price to rise to around 1.1300. Daily: Also like the weekly chart, from November 2022 to the present, the EUR/USD has clearly shown an "Uptrend Channel". At present, the price has fallen to the relatively lower position of the "Uptrend Channel", and the same as the weekly chart, it should be have long positions around the integer of 1.0800. H4: Observation from the chart: The three moving averages present a "short arrangement", and it is recommended to short on rallies. However, since the weekly and daily charts have fallen to relatively low levels, the price is likely to rise in the medium and long term. Therefore, according to the operation on the H4 chart: if the price falls to around 1.0800, investors who currently hold short-position should first Close the position and exit with profit. H1: Because the current price presents a "Descending Wedge", it is recommended to establish a short position at a high position in the short-term. Short positions should be stop loss when the price rises above the upper edge of the "Descending Wedge". In the medium or long term (or refer to the operation of the daily chart), we can try to do have long-position around the 1.0800 integer. Trading straregy: Short-Term (H1 or H4) Sell Limit: 1.0870 -1.0890 SL: 1.0930 TP 1: 1.0840 TP 2: 1.0800 Long-Term (Daily or Weekly) Buy Limit: 1.0780 - 1.0800 SL: 1.0740 -1.0760 TP 1: 1.0880 TP 2: 1.0940 TP 3: 1.1000 TP 4: 1.1060 Full Vision 4K Pic
Long
by HyperAlphaPro