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BNBUSD ( INSIDE SENSITIVE AREA IN DESCENDING CHANNEL ) ( 4H )BNBUSD HELLO TRADERS inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) . Tendency, the price inside sensitive are between two turning level around 487 and 526 . Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 526 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 557 , after by closing 4h candle above it reach a resistance level (2) at 596 . Downward Zone: by breaking turning level (2) at 487, the price should be trying to reach support level (1) at 453 , after stabilizing below this level could further support to reach of as next level at 403 . TARGET LEVEL : RESISTANCE LEVEL : 557 , 596 . SUPPORT LEVEL : 453 , 403 .
BINANCE:BNBUSD
by ArinaKarayi
XAUUSD ( BREAKING TURNING LEVEL (1) ) ( 4H )XAUUSD HELLO TRADERS as mentioned until the price remain a turning level (2) at 2,391$ , indicates to reach 2,420$ . yesterday the price sharply rising nearby +450pip , currently stabilizing 2,420$ as long as the price trading above this level directly toward to reach 2,436$ Tendency, the price trading above turning level (1) , this makes the upward direction active . Upward Zone : currently the price remain turning level (1) , until the price trading above this level we can see strong upward trending to reach resistance level (1) at 2,436$ and resistance level (2) at 2,459$ . Downward Zone: by breaking turning level (1) around 2,420$ , the price dropping to reach a turning level (2) at 2,391$ , to confirm downward , the price need breaking 2,391$ by open 4h candle below it to reach a support level (1) at 2,364 , then to reach support level (2) at 2,346$. TARGET LEVEL : RESISTANCE LEVEL : 2,436$ , 2,459$ , 2,474$ . SUPPORT LEVEL : 2,364$ , 2,346$ .
OANDA:XAUUSDLong
by ArinaKarayi
TKO is poised for a major multi-year breakthrough!Weekly Chart The 100 level has shown to be a significant resistance point for the stock, as it faced multiple rejections at this level. Following these rejections, the stock entered a significant consolidation phase, which led to the formation of a Symmetrical Triangle pattern. After breaking out of this formation, the stock price soared, reaching a peak around the 117 level before experiencing a decline. However, the stock found support at the 200 WEMA and rebounded from that level.. At present, the stock is lingering near the resistance zone, and with an increase in trading volume, there is a strong expectation that it will achieve a breakout this time around. The appearance of an Inverted Head & Shoulders pattern on the weekly chart indicates a bullish sentiment. Daily Chart The daily chart shows that after being rejected near the 117 level, the stock fell but then reversed by breaking above the double bottom pattern. Since then, the stock has maintained its upward trend and is now close to a major breakout. The rising volume indicates that the price is preparing for an upward move.
NYSE:TKOLong
by NaranjCapital
2
USDJPY ( INSIDE ASCENDING CHANNEL ) (4H) USDJPY HELLO TRADERS Tendency, the price is under upward pressure , until the price trading above support level (1) at 144.354 . Upward Zone : until the price trading above support level (1) , may make be ascending channel , currently the price trading above turning level at 145.808 , to rising reach of a resistance level (1) around 149.186 , to confirm upward , price need breaking by close 4h candle above 149.186 to reach resistance level (2) at 152.225 , may be the price reserve and breaking turning level to reaching a support level (1) at 144.354 , after starting a up trading to inside resistance zone . Downward Zone: should the price reserve and breaking turning level at 145.808 , indicates dropping to support level (1) around 144.354 , to confirm downward , the price it will be breaking 144.354 , by closing 4h candle below it to reach support level (2) at 142.275 , called support zone have been buying increase in this zone . Corrective level :Price may make a correction at 145.808 & 144.354 , before rising . TARGET LEVEL : RESISTANCE LEVEL : 149.186 , 152.225 . SUPPORT LEVEL : 144.354 , 142.275 .
Long
by ArinaKarayi
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans we felt we needed to share a new update on this chart. 2483 target was completed perfectly last month leaving a detachment below to ema5, which was nearly complete on the drop earlier this week and is good enough for a correction. 2536 is our final long range/term target on this chart idea and we will look to continue to buy dips using our smaller timeframe ideas rather then chasing the bull form the top. Currently we are looking for another likely retest at 2483 and a close above this level will confirm our final target above. Although the correction to the detachment below is nearly complete, we still need to take caution and keep in mind the small gap for the full correction. This can also be self corrected with bullish momentum by pulling up ema5, as the detachment is only small after the brutal correction earlier this week. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
FOREXCOM:XAUUSD
by Goldviewfx
10
BITCOIN ( INSIDE DESCENDING CHANNEL ) ( 4H )BTCUSD HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 59,247 . TURNING LEVEL : the price of this level at 59,247 , so as long as the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) . RESISTANCE ZONE : this zone between 63,311 and 68,033 , for reach this zone the price need breaking turning level at 59,247 , first thing breaking this level indicates to reach resistance level (1) at 63,311 , then breaking this level by open 4h candle above this reach a resistance level (2) at 68,033 , after breaking this zone it will be attempt to reach resistance level (3) at 71,766 , selling have already increase in this zone . SUPPORT ZONE : this zone between 54,503 & 51,276 , as long as the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 54,503 , then breaking this level by open 4h or 1h candle below this easily to touch a support level (2) at 51,276 . CORRECTIVE : the price corrective at 59,247, before dropping . TARGET LEVEL : RESISTANCE LEVEL : 63,311 , 68,033 , 71,766 SUPPORT LEVEL :54,503 ,51,276 .
BITSTAMP:BTCUSDShort
by ArinaKarayi
EURUSD ( INSIDE ASCENDING CHANNEL) ( 4H )EURUSD HELLO TRADERS Tendency, the price is under up ward pressure , until trade above turning level at 1.091 . Upward zone : In order to see an increase, the price needs to continues trading above a turning level at 1.091 , to reach resistance levels (1) around 1.098 , then if the price breaking resistance level (1) by open 4h candle above it indicates to reach a resistance level (2) at 1.102 , but stabilizing below this level it refers likely to reach a turning level . Downward zone: Provided until the prices breaking turning level by open 4h candle below it, indicates a reach of the support level (1) at 1.084 , then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 1.078 . Corrective level :Price may make a correction at 1.091 , before rising . TARGET LEVEL : RESISTANCE LEVEL : 1.098 , 1.102 . SUPPORT LEVEL : 1.084 , 1.078 .
Long
by ArinaKarayi
1
USOIL ( BETWEEN TWO TURNING LEVEL ) ( 4H )USOIL HELLO TRADERS currently price between two turning level by breaking each level determine the direction , for know the price trading above turning level (2) at 74.74 , remain this level it will be attempt to reach a turning level (1) at 76.25 . Tendency, the price inside two turning level around ( 74.74 & 76.25$) . Upward Zone : in order see increase , the price need breaking turning level (1) at 76.25 , by closing 4h candle above it , easily to reach a resistance level (1) around 78.53 , remain this level indicates the price trying to reach of a resistance level (2) at 80,75 . Downward Zone: by breaking turning level (2) around 74.74 , the price dropping to reach a support level (1) at 72.82, to confirm downward , gold need breaking support level (1) by open 4h candle below it to reach a support level (2) at 71.81 . TARGET LEVEL : RESISTANCE LEVEL : 78.53 , 80.75 . SUPPORT LEVEL : 72.82 , 71.81 .
TVC:USOIL
by ArinaKarayi
US30 ( BREAKOUT ASCENDING CHANNEL ) (1D)US30 HELLO TRADERS Tendency, the price is under down ward pressure, until trade below 40,025 . Upward zone : In order to see an increase, the price needs to break the turning level at 40,025 , to reach resistance levels (1) at 41,219 , then as it stabilizes on the turning level we may see new resistance zones around 42.549 and 43,658 . Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 39,071, then breaking this level with a 1d or 4h open candle below is likely to reach the support level (2) at 38,099 . Corrective level :Price may make a correction before dropping . TARGET LEVEL : RESISTANCE LEVEL : 41,219 , 42,549 , 43,658 . SUPPORT LEVEL : 39,071 , 38,099 .
EIGHTCAP:US30Short
by ArinaKarayi
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the charts today, with our plans to buy dips playing out perfectly!!! After getting the 1st level swing range bounce earlier this week, yesterday we stated that we were now looking for ema5 to lock below 2391 to open the full swing range and failure to lock below this level will provide another bounce to retest the levels above. - This played out perfectly with no lock below 2391, which followed with the perfect bounce and now heading towards 2416. We are looking for play between 2391 and 2416 on this 4H chart and will need ema5 lock to break and lock either level to confirm the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2467 EMA5 CROSS AND LOCK ABOVE 2467 WILL OPEN THE FOLLOWING BULLISH TARGET 2491 POTENTIALLY 2510 BEARISH TARGETS 2438 - DONE EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE FOLLOWING BEARISH TARGETS 2416 - DONE 2391 - DONE EMA5 CROSS AND LOCK BELOW 2391 WILL OPEN THE SWING RANGE SWING RANGE 2369 (DONE) - 2345 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
5
ALNY, LTH & ZETA - The momentum may drive prices to new heights!Alnylam Pharmaceuticals The stock price has encountered several rejections around the 212 level, leading to subsequent corrections. After establishing a Double Bottom pattern, the price attempted to reverse the downward trend but was unable to do so, facing rejection at the 200 level. Consequently, the stock underwent another correction. Following this, the price entered a consolidation phase, forming a Box pattern for a while. In a surprising turn, the price gapped up significantly and broke through its former strong resistance area, remaining above it. Following a brief pullback, the price resumed its upward trajectory, supported by solid trading volume. Life Time Group Holdings Following a rejection around the 22.5 level in November 2021, the stock experienced a significant decline, dropping to just 8.75. Subsequently, the price began to rise again, eventually returning to its previous strong resistance level after a lengthy climb. However, it struggled to break through that barrier and faced another substantial drop. During this downturn, the stock hit a low around 11.3 and then navigated through numerous fluctuations, leading to the formation of a Symmetrical Triangle pattern on the chart. After successfully breaking out of this pattern to the upside, the price surged and managed to overcome the resistance level. If the stock can hold onto this level, we might see even more upward momentum in the days ahead. Zeta Global Holdings The stock price had been consolidating within a Box Pattern before breaking free. Since that breakout, the stock has experienced a steady uptrend, marked by higher highs and higher lows. Amid this upward movement, a Cup & Handle pattern formed, signaling that the trend is likely to persist. Following the breakout, the price is now climbing higher, supported by a significant increase in trading volume.
NASDAQ:ALNYLong
by NaranjCapital
GBP/USD:Anticipating a Bearish Scenario for the British PoundFollowing our successful forecast on the British Pound (link below), we are now poised to take advantage of another shorting opportunity as the price retests the previous supply area. This retest suggests a possible bearish scenario on the horizon. Our analysis is further supported by the latest Commitment of Traders (COT) report, which indicates a notable increase in retail long positions. This influx of long positions among retail traders often precedes a bearish reversal, providing additional validation for our anticipated market movement. As the British Pound retests the supply area, we foresee a potential new bearish impulse forming. This aligns with our strategic outlook, where we aim to capitalize on the expected downward momentum. The convergence of technical analysis and trader sentiment data strengthens our confidence in this bearish forecast. In summary, we are preparing for a bearish scenario for the British Pound, leveraging the retest of the supply area and the insights gained from the COT report. This approach ensures we remain well-positioned to take advantage of the expected market movements. Stay tuned for further updates and detailed analysis. Previous Forecast: ✅ Please share your thoughts about GBP in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CME:6B1!Short
by FOREXN1
3
SPX500USD ( TRADING ABOVE SUPPORT LEVEL(1) ) ( 4H )SPX500USD HELLO TRADERS Tendency, the price is under bullish pressure , until the price trading above support level (1) at 5,206 . Upward Zone : until the price trading above 5,206 , refers active upward zone , currently the price trading above turning level at 5,267 , to rising inside resistance zone between 5,344 & 5,411 , first thing for this rising reach of a resistance level (1) at 5,344 , by closing 4h candle above it easily reach next level at 5,411 , to confirm a rising , the price should be breaking resistance zone because in this zone have been many sales before . Downward Zone: should the price reserve and breaking turning level at 5,267 , indicates dropping to support level (1) around 5,206 , to confirm true decline , the price it will be breaking 5,267 , by closing 4h candle below it to reach support level (2) at 5,124 , called support zone have been buying increase in this zone before . Corrective level :Price may make a correction at 5,267 & 5,206 , before rising . TARGET LEVEL : RESISTANCE LEVEL : 5,344 , 5,411 . SUPPORT LEVEL : 5,206 , 5,124 .
OANDA:SPX500USDLong
by ArinaKarayi
NAS100USD ( INSIDE DESCINDING CHANNEL ) ( 4H) NAS100USD HELLO TRADERS in recent days , prices have fallen sharply , with the issuance of shares of several companies and losses . Tendency, the price is under bullish pressure , until the price trading above turning level at 18,244 . RESISTANCE ZONE : in order to see an increase , as long as trading and stabilizing above turning level at 18,244 , to support rising to reach of a resistance level (1) at 18,698 , to confirm a rising trading , price should be closing 1h or 4h candle above resistance level (1) to reach a resistance level (2) at 19,112 , this two level called resistance zone , there have been many sales in this zone before , may be the price reserve descending channel before rising . SUPPORT ZONE : should the price reserve and breaking turning level , indicates dropping to support level (1) around 17,435 , to confirm downward , the price it will be breaking 17,435 , by closing 4h candle below it to reach support level (2) at 17,047 , to reach support level (3) at 16,232 , the price should be stabilizing below 17,047 , there have been many buying in this zone before . Corrective level :Price may make a correction at 18,244 , before rising . TARGET LEVEL : RESISTANCE LEVEL : 18,698 ,19,112 , 19,546 . SUPPORT LEVEL : 17,435 , 17,047 , 16,232 .
OANDA:NAS100USDLong
by ArinaKarayi
XAUUSD ( UNDER BULLISH PRESSURE ) (4H)XAUUSD HELLO TRADERS Tendency, the price is under upward pressure , until the price trading above support level (1) at 2,367$. Upward Zone : until the price trading above support level (1) , indicates further up trading , currently the price trading above turning level at 2,391 , to support reach of a resistance level (1) around 2,420$ , to confirm upward , price need breaking by close 4h candle above 2,420$ to reach resistance level (2) at 2,440$ , may be the price reserve and breaking turning level to reaching a support level (1) at 2,367$ , after starting a upward . Downward Zone: should the price reserve and breaking turning level , indicates dropping to support level (1) around 2,367$ , to confirm downward , the price it will be breaking 2,367$ , by closing 4h candle below it to reach support level (2) at 2,337$ . Corrective level :Price may make a correction at 2,391$ & 2,367$ , before rising . TARGET LEVEL : RESISTANCE LEVEL : 2,420$, 2,440$ , 2,460$. SUPPORT LEVEL : 2,367$ , 2,337$ , 2,303$.
OANDA:XAUUSDLong
by ArinaKarayi
DOGEUSDT ( STABILIZING BELOW TURNING LEVEL ) ( 4H )DOGEUSDT HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 0.102 . TURNING LEVEL : the price of this level at 0.102 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) . RESISTANCE ZONE : this zone between 0.115 and 0.128 , in order to see this zone the price need breaking turning level at 0.102 , breaking this price indicates an increase and reaching the resistance level (1) at 0.115 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 0.128 , after breaking this zone it will be attempt to reach resistance level (3) at 0.141 , selling have already increase in this zone . SUPPORT ZONE : this zone between 0.091 & 0.080 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 0.091 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 0.080 CORRECTIVE : the price corrective at 0.102, before dropping . TARGET LEVEL : RESISTANCE LEVEL : 0.56 , 0.61 , 0.65 . SUPPORT LEVEL : 0.44 , 0.39 .
Short
by ArinaKarayi
2
XRPUSDT ( BREKOUT ASCENDING CHANNEL ) (4H)XRPUSDT HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 0.51 . TURNING LEVEL : the price of this level at 0.51 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) . RESISTANCE ZONE : this zone between 0.56 and 0.61 , in order to see this zone the price need breaking turning level at 0.51 , breaking this price indicates an increase and reaching the resistance level (1) at 0.56 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 0.61 , after breaking this zone it will be attempt to reach resistance level (3) at 0.65 , selling have already increase in this zone . SUPPORT ZONE : this zone between 0.44 & 0.39 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 0.44 , then breaking this level by open 4h or 1h candle below this easily to touch a support level (2) at 0.39 . CORRECTIVE : the price corrective at 0.51, before dropping . TARGET LEVEL : RESISTANCE LEVEL : 0.56 , 0.61 , 0.65 . SUPPORT LEVEL :0.44 ,0.39 .
Short
by ArinaKarayi
11
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, After completing the swing range activation from our 1H chart, please now also review our 4H chart idea. The 4H chart idea also had a swing range test and gave the swing, but off the back of a volatile candle and didn't allow for the cross and lock confirmation due to momentum. The swing gave the bounce and an extended push into 2416 Goldturn resistance, followed with the rejection into 2391. We are now looking for ema5 to lock below 2391 to open the full swing range. Failure to lock below this level will provide another bounce to retest the levels above. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2467 EMA5 CROSS AND LOCK ABOVE 2467 WILL OPEN THE FOLLOWING BULLISH TARGET 2491 POTENTIALLY 2510 BEARISH TARGETS 2438 - DONE EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE FOLLOWING BEARISH TARGETS 2416 - DONE 2391 - DONE EMA5 CROSS AND LOCK BELOW 2391 WILL OPEN THE SWING RANGE SWING RANGE 2369 (DONE) - 2345 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
12
GOLD ( INSIDE ASCENDING CHANNEL ) ( 4H )XAUUSD HELLO TRADERS Tendency, the price is under down ward pressure , until trade below turning level at 2,420$. Upward Zone : In order to see an increase, the price needs to break the turning level at 2,420$ , to reach resistance levels (1) around 2,440$ , then breaking resistance level (1) by open 4h candle above it indicates to reach of a resistance level (2) at 2,460$ , then stabilizing above resistance level (2) indicates to reach of a resistance level (3) at 2,82$ ,a strong resistance level selling have already in crease this level . Downward Zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 2,391$, then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 2,367$ , this two level called support zone it is very strong zone because inside accumulation area . Corrective level :Price may make a correction at 2,420$ , before dropping . TARGET LEVEL : RESISTANCE LEVEL : 2,440$, 2,460$ , 2,482$. SUPPORT LEVEL : 2,391$ , 2,367$ , 2,337$.
OANDA:XAUUSDShort
by ArinaKarayi
GBPJPY ( UNDER STRONG DOWNWARD PRESSURE ) ( 4H )GBPJPY HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 183.919 . TURNING LEVEL : the price of this level at 183.919 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) . RESISTANCE ZONE : this zone between 191.007 and 198.018 , in order to see this zone the price need breaking turning level at 183.919 , breaking this price indicates an increase and reaching the resistance level (1) at 191.007 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 198.018 , after breaking this zone it will be attempt to reach resistance level (3) at 203.869 , selling have already increase in this zone . SUPPORT ZONE : this zone between 180.401 & 177.400 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 180.401 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 177.400 . CORRECTIVE : the price corrective at 183.919 , before dropping . TARGET LEVEL : RESISTANCE LEVEL : 191.007 , 198.018, 203.869 . SUPPORT LEVEL : 180.401 , 177.400 .
Short
by ArinaKarayi
1
NAS100USD ( BREAKOUT DESCINDING & ASCENDING CHANNEL ) ( 4H )NAS100USD Tendency , the price is under bearish pressure , until trading below 18,244 . TURNING LEVEL : the price of this level at 18,244 , so as long as the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) . RESISTANCE LEVEL (1) : this level around 18,698 , for reach this resistance level the price need breaking turning level , indicates have good selling in this level . RESISTANCE LEVEL (2) : around 19,112 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) . SUPPORT LEVEL (1) : this level around 17,435, for reach this support level the price need stabilizing below turning level , indicates have good buying in this level . SUPPORT LEVEL (2) : support level at 17,047 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE : the price corrective at 18,244 , before dropping . PRICE MOVEMENT : currently price 18.037 , my be the price first thing corrective turning level , as long as until the price trade below turning level at 18,244 , it will be trying to reach support level (1) , then breaking by open 4h or 1h candle below this level , indicates to reach a support level (1) , if the price breaking turning level by open 4h or 1h candle easily to reach of resistance level (1) . TARGET LEVEL : RESISTANCE LEVEL : 18,698 , 19,112 . SUPPORT LEVEL :17,435 ,18,239 .
OANDA:NAS100USDShort
by ArinaKarayi
1
Fed will pick up the pace, but market pricing looks aggressive July's friendly jobs report led to market fears of a looming recession and the need for a strong Federal Reserve response. However, the latest ISM services report shows that the situation looks good with the economy growing The ISM Service Index shows no immediate inferred threat The ISM U.S. Manufacturing Products Index rose to 51.4 from 48.8, above the consensus of 51.0. New orders jumped to 52.4 from 47.3 while work returned to growth territory at 51.1 from 46.1. The Fed will cut interest rates faster but the current market price looks very positive We could see the Fed give in to some of the market demands and make at least one, maybe two 50 basis point moves
OANDA:XAUUSDShort
by FalCol_TradingMaster