Longed BNWM. Bought spot shares. Entry, Stop Loss and Exit all there. Worth a punt! Will update in due time. Manage your risk! #DYOR
After last week's surge, OANDA:XAUUSD Spot trading suddenly suffered a fierce correction and the upward momentum was limited. US bond yields soared, the US Dollar strengthened and investors' profit-taking activities affected the trend of gold. In addition, news of a ceasefire in the Middle East also negatively impacted gold prices. OANDA:XAUUSD fell again as US Treasury yields rose to their highest since November 2023. The US Dollar Index surpassed 110.00 in trading on Monday, pressuring gold prices. The dollar index rose to its highest since November 2022 after the US jobs report emphasized the strength of the economy and clouded the prospect of interest rate cuts by the Federal Reserve. A rising Dollar will make gold less attractive. The latest New York Fed survey shows one-year inflation expectations at 3% and interest rate futures traders are pricing in a Fed rate cut this year of less than 25 basis points. copies, or less than once. Because gold does not generate interest, a high interest rate environment reduces its appeal to investors. A ceasefire in Gaza could take place as early as this week White House national security adviser Jake Sullivan told Bloomberg on Monday that the Biden administration believes a ceasefire in Gaza could be reached as early as this week. He added that there was no guarantee that all parties would agree to such a deal. In an interview with Bloomberg, Sullivan said US President Joe Biden's administration has contacted Trump's newly elected team and is looking to form a united front on this issue before the transfer of power in Washington on January 20. Previously, Britain's Reuters quoted officials familiar with the negotiation process as saying on Monday that mediators had submitted a draft "final agreement" to the warring parties on a ceasefire and the release of children. believe. Officials said that in addition to delegations from both Israel and Kazakhstan, current US President McGurk and President-elect Trump's Middle East envoy Steve Witkoff were also present at the peace talks. hosted by Qatar Prime Minister Mohammed in Doha. Reuters said the talks achieved a breakthrough after midnight on Sunday and mediators led by Qatar immediately submitted a draft ceasefire agreement to Israel and Kazakhstan. https://www.tradingview.com/chart/XAUUSD/acc8PqLJ-GOLD-has-bullish-conditions-pay-attention-to-inflation-data/ Analysis of technical prospects for OANDA:XAUUSD Although gold has adjusted down significantly from the important confluence level, readers should pay attention to previous publications at the Fibonacci retracement of 0.382% confluence with the upper edge of the green price channel and one side of the triangle. purple price. But the downside correction was also limited after reaching target support at the 0.50% Fibonacci retracement level. Currently, gold is recovering from the 0.50% Fibonacci level, but first it needs to break the technical point of 2,676 USD, then the target is around 2,693 - 2,700 USD in the short term. Up to now, gold still has conditions to increase technically with supporting factors from EMA21, POC Volume Profile and the green short-term rising price channel. Along with that, the Relative Strength Index maintained its activity above 50, also quite far from the overbought area, showing that there is still room for price increases ahead. During the day, the technical outlook for gold is bullish with notable points listed as follows. Support: 2,664 – 2,650USD Resistance: 2,693 – 2,700USD SELL XAUUSD PRICE 2688 - 2686⚡️ ↠↠ Stoploss 2692 →Take Profit 1 2681 ↨ →Take Profit 2 2676 BUY XAUUSD PRICE 2644 - 2646⚡️ ↠↠ Stoploss 2640 →Take Profit 1 2651 ↨ →Take Profit 2 2656
The Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
Hello My Followers Hope you Doing Well Here my Analysis on XAUUSD For today Last day XAUUSD Hit nicely my Target Todays Gold also make Head & shoulder pattern So It's strongly want Selling Zone at 26670 and their technical Target is 2615
PEPPERSTONE:HK50 HSI:HSI Hello bello...everyone, may all your trade closed in profit! As mentioned in yesterday post, the Index was in a bearish mode but be cautious. Look at the 4H chart, do you see? Both MACD & KDJ are arcing again (MACD still within the bearish zone, below zero level) https://www.tradingview.com/x/SxY0oC3J/ 4H chart - Bearish (bullish reversal within bearish zone, temporary -this can be fake rebound ?) Cross-checked with broader tf chart - D chart. https://www.tradingview.com/x/xLTN4CSj/ KDJ is now at oversold area 20. Both KDJ and MACD below zero level. Bearish. 1H chart https://www.tradingview.com/x/d2HKEBbh/ the Index seems has no mood and strength to move and need quite a long rest... Mood change overnight, re-adjust and in the action. MACD - reversal for bullish generating green histogram; although the signal within bearish zone. Hence, for day trade is bullish for the week it could be pullback. KDJ completed the bearish mode and turned bullish; at the point of observation, it was overbought at KDJ ~75. MACD arcing up Bullish, KDJ overbought zone - this signal divergence; so cautious of the potential correction. It's likely to pullback. Hence, trade cautiously. For day trade: Same strategy, sell at resistance; buy/TP at support. Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. Set your tf, have your entry and exit plan! Support : 18300; today broke the support level hopefully it stays above 19070 level. (if breaks then next 19300) Resistance :19200-19300 (if breaks then 19450, then 19650) Sticktoyourplan follow your trading strategy. Trading to make pocket money isn't that challenging and it can be boring and you can make it fun and zen with it. Let's follow our own strategy and zen with ? and ? to let the results realized. It can be a winning trade or losing trade, it doesn't matter. We are aiming for long horizon; as we are not gambling or speculating. Rememeber to allocate some of your gained pocket money for long term asset investment. We should take contrarian strategy. Accumulate Hong Kong and China stock and wait for 12-24months or more to have an exponential capital gain. Check the Month Chart you will notice, is almost there already.... PEPPERSTONE:HK50 HKEX:2800 Time frame is important! Prepared for the rollercoaster short-term rider for these two markets. Got your trade plan ready for 2025, or are you still figuring out your moves? Share your view OR hit the ? , signal that you keen to explore. Happy Trading Everyone! ☺
OANDA:GBPJPY GBP/JPY 4H: Reversal Signals and Trading Strategies The chart shows the GBP/JPY currency pair on a 4-hour timeframe. The chart is filled with various technical indicators and annotations, including trend lines, Fibonacci retracement levels, volume profile, and momentum indicators. The price action is marked with terms like BOS (Break of Structure), ChoCH (Change of Character), and other annotations indicating significant price movements and potential reversal points. The chart also includes a Relative Strength Index (RSI) at the bottom and a volume histogram. Analysis: Price Action and Trend Lines: The price has been moving within a descending channel, indicated by the blue parallel lines. There are multiple BOS and ChoCH annotations, suggesting significant shifts in market structure. The recent price action shows a potential reversal from the lower boundary of the descending channel. Fibonacci Retracement: Key Fibonacci levels are marked, with the 0.618 level at 192.753 and the 0.382 level at 191.875. The price is currently testing the 0.618 Fibonacci retracement level, which is a critical resistance point. Volume Profile: The volume profile on the right side shows high trading activity around the 194.197 level, indicating strong resistance. Lower volume nodes around 192.247 suggest potential support. Momentum Indicators: The RSI is currently around the 30.31 level, indicating oversold conditions and a potential for a bullish reversal. The volume histogram shows decreasing bearish momentum, supporting the potential for a reversal. Buy Strategy: Entry: 192.247 (current price level) Take Profit 1 (TP1): 194.197 (previous high and volume resistance) - approximately 195 pips Take Profit 2 (TP2): 196.000 (next significant resistance level) - approximately 375 pips Stop Loss (SL): 190.080 (below recent low and support level) - approximately 217 pips Sell Strategy: Entry: 194.197 (if price fails to break above this resistance) Take Profit 1 (TP1): 192.247 (current support level) - approximately 195 pips Take Profit 2 (TP2): 190.080 (next significant support level) - approximately 411 pips Stop Loss (SL): 196.000 (above recent high and resistance level) - approximately 180 pips
⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) saw some buying interest during the Asian session on Tuesday, recovering part of the previous day's pullback from near a one-month high reached last week. Reports suggesting that US President-elect Donald Trump's economic team is considering a gradual implementation of tariffs to avoid a sharp rise in inflation led to a slight retreat in US Treasury bond yields, offering support to the non-yielding metal. However, the recovery lacks a clear catalyst and is likely to remain limited due to expectations of a hawkish stance from the Federal Reserve (Fed). ⭐️Personal comments NOVA: Short-term frame - need to adjust down to create liquidity, sideway has enough strength to increase more strongly ⭐️SET UP GOLD PRICE: ?BUY GOLD zone: $2646 - $2644 SL $2639 TP1: $2652 TP2: $2660 TP3: $2670 ?SELL GOLD zone: $2697 - $2699 SL $2704 TP1: $2690 TP2: $2680 TP3: $2670 ?SELL GOLD zone: $2678 - $2680 SL $2683 scalping Asian and European sessions TP1: $2674 TP2: $2670 TP3: $2665 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:EURJPY is under pressure. This currency pair has broken its local uptrend. In the context of weak fundamental and technical foundations, overall market pressure may be experienced. https://www.tradingview.com/x/eERdzVVJ/ On the global timeframe, the pair lacks a clear trend and has been trading mainly within the range of 166 - 156. A closer look reveals that the recent growth attempt failed near the intermediate high. As the price approached a local resistance level, it reversed and stabilized below the EMA, moving toward the lower boundary of the flat range. Locally, a structural shift has confirmed the bearish nature of the market. However, before further declines, the price may form a corrective move. Using Fibonacci levels to measure this potential correction, the short-term levels to watch are 0.618 (161.75) and 0.5 (162.28). In the medium term, however, the decline may continue. Rate, share your opinion and questions, let's discuss what's going on with OANDA:EURJPY :) Regards R. Linda!
I use the Heikin Ashi candlestick as they show more of a directional move within the candlesticks. Today the market went up, although you cannot see that on the Heikin Ashi Candlesticks (just on the regular candlesticks.) Typically, I would not enter until I see 2 green candlesticks on the Heikin Ashi candlesticks. But you can see on the 1-3 hour charts that all the indicators are suggesting an upward move. The 4 hour candlesticks are just about to change to a bullish move. In the past, the SPY has made a 34 point upward move. This would put the target of 609. The 1.618 fib move would be 614.38. This is my second target. Typically, the SPY has had a 9-12 day move in the past once the Heiki Ashi candlesticks turn green. That would make the time target of Jan 27 to 30th. I think the move will be until Jan 30th as the market should decline from Jan 31st until Feb 6th. (just before the release for the employment situation in the USA.) This is my time target. There could be an extreme move of 53 points to put the target to 628, but that is an extreme move not an average move. In my past charts, I mentioned I thought the market may decline in February as the market has moved upwards for 3 months and down for one month. I no longer think that will happen due to the market declining from the middle of December to Jan 10th. If you switch to a weekly chart to look at the indicators, you can see there was a decline during that time. Currently, the weekly indicators are just starting to suggest a bullish move. I use the DMI, Stoch RSI and the MacD as my indicators as well the Heinkin Ashi candlesticks to help with the directional moves. There is currently a week long Wealth365 Summit with many traders speaking. I have no affiliation with this company. I am just attending the summit to learn more. Check it out here to register... https://www.wealth365.com/schedule/ Happy Trading Everyone!
If you missed my previous XAU/USD 1:10 trade, don’t worry! There’s a great setup in NZD/USD for a short trade right now. Set your stop loss at 0.56252 and target the 15-minute swing low at 0.55428.