GBPAUD looking for shortI'm looking short on GBPAUD.
After good structure on M15 or H1 I will enter.
Maybe today maybe tomorrow.
Market tell me.
Let's be in touch.
Trendtrading
💡 XAUUSD: Target 2000The fluctuating range of gold prices has narrowed in the past session, no new notable signals have been created, so we still keep the old assessment, expecting the price to continue to go down, you can continue. Continue to hold short positions if any, the target is still around the psychological threshold of 2000.
💡 GBPUSD: Forecast January 10GBPUSD also continues to accumulate in the range area, unable to establish a new high and confirm the continuation of the uptrend, however, the bullish structure is still guaranteed so the overall outlook is still bullish, You can continue to hold your existing long positions and place your stop loss below 1.26, we will only abandon this strategy when this important resistance zone is broken.
Unleash the power of Ethereum in 2024COINBASE:ETHUSD Ethereum stands tall as a beacon of innovation, and its future in 2024 looks brighter than ever!
With a strong foundation built on the groundbreaking achievements of 2022 and the ever-growing support of the crypto community, Ethereum is poised to make a remarkable comeback in the coming year.
One of the key drivers of Ethereum's bullish thesis for 2024 is the upcoming network upgrade, EIP-4844, which promises to bring significant improvements in transaction speeds and costs. This upgrade is expected to take place during the first half of 2024, and it could be the catalyst that propels Ethereum to new heights.
Moreover, the recent shift in market sentiment towards Ethereum, as evidenced by the growing number of institutional investors and the potential for a spot Ethereum ETF, further strengthens its bullish case. As more investors recognize the unique utility of the Ethereum blockchain for dApp developers, NFTs, and DeFi applications, the demand for ETH is likely to surge.
In addition, the deflationary nature of Ethereum, which was first observed in 2023, is expected to continue in 2024. This deflationary pressure, coupled with the growing adoption of DeFi and NFTs on the Ethereum network, will likely result in increased utility and demand for ETH.
Furthermore, the technical analysis of Ethereum's price action in 2024 reveals a bullish pattern, with the formation of an ascending triangle and a triple top. These patterns suggest that a breakout to the upside is imminent, and the price of ETH could reach new all-time highs in the coming year.
#ETH #BTC
XAUUSD (H4) Downtrend continuesOANDA:XAUUSD XAUUSD (H4) Downtrend continues
Sold at: 2034.039
Stop loss at: 2039.284
Take profit 1 at: 2024.947
Take profit 2 at: 2017.954
💡 GBPUSD: Pressure from sellersGBPUSD continued to recover in the past session after buyers successfully defended the support level of 1.26. Although it is still not possible to break the resistance at 1.28 and create a new peak to confirm the continuation of the uptrend. However, recent price behavior shows that buyers are gradually regaining control of the situation, expecting prices to continue to rise. It is possible to continue holding existing long positions, the SL is still set below 1.26 while the target remains 1.30.
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💡 XAUUSD: Confidence on the selling sideIn hourly time frames, gold prices lost their upward trendline after good news for the USD - especially the Non-farm news with 3 main data points that were higher than economists' forecasts. This news continued to be absorbed by the price until today's Asian session, causing the price to bottom at 2,027 USD/oz.
However, the medium-term rising trendline is still "carrying" the bulls and becoming the strongest driving force at present. From this area, the price may receive more support to grow back to the potential resistance levels of 2,045 and 2,060 USD.
On the contrary, if the daily trendline is broken, the price will fall straight to the support level of 2,015 USD - which is considered the last defense zone for buyers.
💡 GBPUSD: Continuing upward momentumThe buyers have successfully defended the resistance level of 1.2600 and are coming back strongly. It can be seen that although they could not create a higher peak before, the failure of the sellers to create a lower low shows that the buyers are still market control. Those who still have a long position can continue to hold the order, the target is still around 1.3000 and the SL is still set below 1.2600.
💡 EURUSD: Forecast January 8Sellers failed to penetrate the 1.0900 support level, a resistance level that includes an uptrend line. Prices created a notable doji candlestick pattern around this resistance level, hinting at the possibility of a price reversal. may return to the upward trend in price. Buyers can consider taking positions, SL is placed below 1.0900.
💡 EURUSD: Forecast January 9After creating a reversal signal around the lower border of the rising price channel, EURUSD increased slightly in the past session, but this move is still quite weak, not bringing about significant changes. If you follow the trend and have entered a buying position, you can continue to hold. SL placed below the price channel and target is around 1.1200.
💡 XAUUSD: Waiting for inflation dataDuring the initial week of 2024, global gold prices experienced minor fluctuations as the market endeavored to recalibrate expectations regarding the potential timing of interest rate adjustments by the US Federal Reserve (Fed), taking into account economic data.
According to the most recent weekly gold survey by Kitco News, half of the retail investors engaged in online Main Street polls anticipate an upturn in gold prices for the week, while the remaining 50% foresee a decline.
Experts highlight that the forthcoming release of the December Consumer Price Index (CPI) report on Thursday poses the most significant risk to gold prices during this week. A sustained decrease in inflation could once again instill optimism in the market regarding the timing of rate cuts, thereby benefiting gold. Conversely, a failure of inflation to rise as anticipated by the market could potentially trigger a fresh sell-off in this precious metal.
Where is Gold Heading??as we can see on the weekly timeframe, gold broke all time highs and fell right back below the previous highs marked with a horizontal ray.
If gold starts moving back into 2060 region and above that ray, that could be an indicator that sellers arent strong enough to keep the price below and we may see another bullish run.
however if the price remains below and sellers can withhold the buyers, a push back towards the 2000 region can be easily achievable
💡 XAUUSD: Plunging after unemployment rate and ADP NonfarmGlobal gold prices are holding steady, with spot gold registering a modest increase of 2.3 USD, reaching 2,043.6 USD per ounce. Gold futures, in the latest trading session, settled at 2,050.7 USD per ounce, marking a 1.2 USD uptick from the previous day.
After a four-session decline, the world gold market has found stability, as investors await the release of the US non-farm payrolls report on Friday (US time) to gain insights into potential adjustments in the US Federal Reserve's (Fed) interest rates. Analysts suggest that if the data indicates a weakened labor market, it could bolster expectations of a Fed interest rate cut in March. Conversely, a robust job market report could influence the Fed's monetary policy roadmap.
Jim Wyckoff, a senior analyst at Kitco Metals, notes that bullish momentum in the gold market requires a catalyst for a price rally. However, a stronger-than-expected jobs report could exert downward pressure on prices and temper market anticipation of a Fed rate cut.
Recent data reveals that weekly US unemployment claims fell more than anticipated last week, and private sector employment experienced growth in December, underscoring the resilience of the labor market.
💡 GOLD: Forecast January 5Gold's 4-day losing streak could not continue yesterday, after the price rebounded. However, the rising bar D1 yesterday had a narrow amplitude, had a long shadow above and closed below 1/2, thereby showing that the upward pressure was weak. This D1 bar is also located inside the previous D1 bar to create an inside bar model, and has the narrowest amplitude among recent D1 bars, forming a Narrow Range bar. Combo price action inside bar + Narrow Range Bar suggests the possibility that D1 gold is about to have strong fluctuations. The chart structure is sideways with a bullish bias.
H1 gold did not continue its downward trend but moved sideways yesterday. The current upswing can create a structure of 02 upswings, which is a complex retracement structure. You can wait for the current uptrend to balance with the previous uptrend and then sell down again.
EURJPY - Upside Trend Continuation?The EURJPY pair was trending quite steadily over the past year. After peaking in November 2023, there was a pretty sharp pullback in anticipation that we're exiting out of a high-rate environment.
Those expectations seem quickly quashed as we enter 2024 and the upside breakout signifies further upside potential, especially as the upper range boundary continues to hold for the week ahead.
USOIL ForecastTVC:USOIL Crude oil futures rose toward $76 per barrel on Friday, cutting the 5% plunge from the prior session that took prices to their lowest since July. CBOE:OVX ended on $40.43 nearly 7 percent lower than its previous session.
Breakthrough 75.63 resistance. Still it is within acceptable deviation range, the short stance is yet too early to be declared over.
API crude inventory scheduled next Tuesday, 11/21. The analysts are not expecting for any significant change in the inventory supply. While OPEC and the IEA both expecting supply tightness in the forth quarter, the downtrend rally won't seem to be make a comeback until any significant mood changing event introduces.
During last PPI, while the market is forecasting a significant slowdown in overall business performance, the key is whether 2023 will be able to meet the expected average 82.6 mb/d, respectively.
💡 EURUSD: Waiting NFPThe price recovered in the last session from the lower border of the rising price channel, however this move has not created any significant price increase signals, so this is still not a good time for buyers to return. You continue to observe to see if any new signals are created in this 1.09 confluence area.
💡 XAUUSD: Deep drop after important newsThe recent Palestinian-Israeli conflict and the dovish turn of the Federal Reserve have contributed to a rise in gold prices. The market may have relatively fully priced in short-term factors. Recent Red Sea shipping problems have pushed up global shipping rates and could increase U.S. inflation volatility. In a neutral economic scenario, after the Fed stops raising interest rates and before it starts cutting interest rates, gold could be more volatile than other assets.
We could see gold fall further and fall below the 48-hour moving average. However, the MACD double line and histogram bar converge below the zero axis. Once the rate cuts begin, gold's returns will be significantly better than stocks, commodities and other assets within 6 months.
You can set BUY LIMIT, stop loss is required.
⚡GTCUSDT⚡see and watch :)
After breaking the long-term descending channel, the price is ready to move towards higher targets...
WOMAN , LIFE , FREEDOM✌
💡 XAUUSD: Difficult startThe global gold market faces challenges as it heads into 2024, influenced by the robust recovery of the USD. Despite the precious metal experiencing a decline, its losses were mitigated by the anticipation of a potential loosening of monetary policy by the US Federal Reserve (Fed) and concerns about escalating tensions in the Red Sea.
This week, market participants eagerly await the release of the minutes from the Fed's last meeting in 2023, scheduled for Thursday. Additionally, Friday's release of December's labor market data is capturing the market's attention.
Kelvin Wong, a senior market analyst at OANDA, notes that traders will closely analyze the minutes from the Fed's final policy meeting of the previous year to gain insights into the central bank's stance on interest rates. During the recent meeting, Fed officials adopted a more dovish tone and kept the possibility of interest rate cuts open for the upcoming year.
EURUSD: BEARISH TREND CHANGE- TIME TO SHORTWe got a confirmed bearish trend change for EU on 4H. MASSIVE BEARISH MOMENTUM
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
Euro, after long correction, can continue to rise in channelHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago price traded near the 1.0535 support level, which coincided with the buyer zone, after which it rebounded and entered to upward channel. In the channel, the Euro made an upward impulse from the support line and rose to the current support level, which coincided with the seller zone and even later broke it and reached the resistance line. But soon, the price rebounded and declined below the 1.0915 level, making a fake breakout, after which the EUR quickly declined to support line of the channel. Then, the price rebounded from this line and repeated movement up to the current support level, and this time, the price finally broke the 1.0915 level and continued to move up. Euro rose to 1.1135 points and then bounced down to the seller zone. At the moment, the price continues to trades in this zone very close to the support level, and possibly, the Euro can rebound from this level and start to rise. For this reason, I set my target at the 1.1100 level in the upward channel. Please share this idea with your friends and click Boost 🚀
