GOLD / INSIDE SENSITIVE AREA - 4H XAUUSD / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 2,507$
Upward Condition : The price is currently showing bullish momentum. As long as it stays above the turning level of 2,507$ , it is likely to move upward toward the resistance levels (1) at 2,532$ and then resistance level (2) at 2,555$.
Downward Condition : To reach the 2,475$ support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 2,507$ . If it stabilizes below support level (1) , a further decline toward the support level (2) at 2,459$ can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 2,532$ .
RESISTANCE LEVEL (2) : 2,555$ .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 2,475$ .
SUPPORT LEVEL (2) : 2,459$ .
TURNING LEVEL : 2,507$ .
Tradingsignals
Gold Price Analysis August 26☘️Fundamental Analysis
Gold prices traded above the 2520 resistance level after the European session. The gains came amid growing expectations that the US Federal Reserve (Fed) will start lowering borrowing costs in September. Lower interest rates are generally positive for Gold as they reduce the opportunity cost of holding non-interest-bearing assets.
Furthermore, escalating geopolitical tensions in the Middle East and economic uncertainty are likely to boost safe-haven demand, benefiting Gold prices. On the other hand, sluggish demand in the Chinese economy could weaken the yellow metal as China is the world’s largest producer and consumer of gold. Later on Monday, US Durable Goods Orders for July are due. The highlight of the week will be the US Preliminary Annual Gross Domestic Product (GDP) for the second quarter and the Personal Consumption Expenditures (PCE) Price Index for July, which will be released on Thursday and Friday.
☘️Technical Analysis:
With the current price increase, the technical structure has tilted to the upside. We will wait for the H1 candle to close above the 2520 port to confirm that gold will continue to move straight to the resistance zone of 2530. And in the US trading session, gold can completely create a new ATH. Retracement hooks are relatively unlikely at the moment. When the distance to 2509, the Asian session bottom this morning encountered quite a few barriers. The important technical support hook today will be 2495 to ensure the current market structure.
Resistance: 2525 - 2535 - 2547 - 2558 - 2568 - 2590
Support: 2509 - 2500 - 2494 - 2485 - 2472 - 2461 - 2454 - 2442
SELL zone 2528 - 2530 stoploss 2534
BUY zone 2496 - 2494 stoploss 2490
The market is reacting too positively to interest rate cutsExperts are expecting that the unsure country of the worldwide economic system and the Fed`s pass to reduce hobby charges will push gold expenses to new file highs this year.
Kitco News' trendy weekly gold survey has decided on many specialists and retail buyers who agree with that gold will hold to reinforce its new file.
Mr. Alex Ebkarian, CEO of Allegiance Gold Company (USA), stated that with the expectancy of reducing hobby charges, the gold rate will growth to 2,six hundred USD/ounce.
Sharing the equal opinion, Phillip Streible, Chief Market Strategist at Blue Line Futures, stated gold expenses may want to growth to a brand new rate of 2,six hundred USD/ounce earlier than the marketplace witnesses promoting stress to take profits.
EURUSD analysis week 35🌐Fundamental Analysis
EURUSD surged in the North American session after Federal Reserve Chairman Jerome Powell gave the green light to interest rate cuts, as he believes inflation is approaching the central bank's 2% target. The pair traded near 1.120, a recent month high.
The week ahead opens with a relatively quiet data schedule, however key inflation data points from both the EU and the US remain in the shadows. US Gross Domestic Product (GDP) growth figures will act as the precursor event on Thursday, but EURUSD traders will focus on a double headline on inflation scheduled for Friday next week.
The EU Harmonized Consumer Price Index (HICP) preliminary inflation figures for August are due out next Friday and are widely expected to show that the core EU inflation figures continue to cool towards the European Central Bank’s (ECB) 2% annual target. On the US side, the Personal Consumption Expenditures (PCE) price index will be released on Friday.
📊Technical Analysis:
EURUSD has formed a strong uptrend that is the highest in the past month following the latest Fed data. On the D1 timeframe, the EMA 34 is sloping up strongly against the EMA 89, suggesting that the market structure is tilted to the upside with the nearest trading range around 1.127-1.110. With such a strong rally, the upside could extend next week to the resistance at 1.14. Any pullback at the moment is seen as a good time to buy rather than a trend reversal. The best BUY level is around 1.100 strong resistance zone that EURUSD broke through and now forms a strong support zone when the pair price returns.
Resistance: 1.127-1.146
Support: 1.110-1.100
🕯Trading signals
BUY EURUSD zone 1.127-1.129 Stoploss 1.131
SELL EURUSD zone 1.100-1.098 Stoploss 1.096
GOLD - near to his most expensive region? What's next??#GOLD... Well guys market placed 2531 around as his ATH.
And according to technical point of view from 2531 to 2535 is market strong resistance zone.
So holding of that means ATH is placed for now so far and drop expected from here.
Only only selling will be invalidate above that region otherwise not.
Stay sharp
Good luck
Trade wisely
Gold keeps the bid bias unchanged above $2,500The short-term technical outlook for Gold price remains in favor of buyers so long as the triangle resistance-turned-support, now at $2,470, holds.
Note that Gold price yielded a symmetrical triangle breakout last week while the 14-day Relative Strength Index (RSI) points north above 50.
These technical indicators suggest that the bullish potential remains well in place for Gold price.
On the upside, should Gold buyers recapture the record high of $2,532, the next relevant topside target is seen at the $2,550 level.
Acceptance above the latter could challenge the $2,600 round level en-route to the triangle target, measured at $2,660.
If the Gold price correction resumes, the immediate support is seen at the abovementioned triangle resistance-turned-support at $2,470.
A breach of the latter will call for a test of the. Further south, the $2,450 psychological barrier will come to the rescue of Gold optimists.
GBPUSD analysis week 35Fundamental Analysis
GBP/USD surged in North American trading after Federal Reserve Chairman Jerome Powell gave the green light to interest rate cuts, as he believes inflation is approaching the central bank's 2% target. The pair traded above 1.3200, at a fresh two-year high, up more than 1%.
Bets on a 50bps rate cut opening in September have increased after Fed Chairman Jerome Powell, in his speech at the Jackson Hole Economic Conference on Friday, publicly admitted that it was finally time for the US central bank to start pushing down its benchmark interest rate.
Next week, GBPUSD traders will want to keep an eye on the upcoming UK bank holiday on Monday. For the rest of the week, UK economic data releases remain limited, although the currency market will pay special attention to the upcoming US Gross Domestic Product (GDP) growth and Personal Consumption Expenditures (PCE) inflation figures due later next week.
Technical Analysis:
GBPUSD formed a strong uptrend at a two-year high following the latest Fed data. On the D1 timeframe, the EMA 34 is sloping up strongly against the EMA 89, suggesting that the market structure is tilted towards the upside with the nearest trading range around 1.328-1.314. With such a strong rally, the highest the pair can reach next week is around the resistance zone of 1.341. It is quite difficult to find a good SELL point when the market has not reacted to the price at the moment. Any pullback at this point is seen as a good time to buy rather than a trend reversal. The best BUY level is around 1.300 strong resistance zone which GBPUSD has broken through and now forms strong support zone when the pair price returns.
Resistance: 1.328-1.342
Support: 1.314-1.300
Trading signals
BUY GBPUSD zone 1.300-1.298 Stoploss 1.296
SELL GBPUSD zone 1.342-1.344 Stoploss 1.346
XAGUSD / TRADING UNDER DOWNWARD PRESSURE - 4HXAGUSD / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 29.65 .
Downward Condition : With the price holding steady at the current turning level at 29.65 , it is likely to decline towards the support level of 28.85. If it stabilizes below this level, it could then reach the next target level of 28.11 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 29.65 , leading to a rise toward the resistance level (1) at 30.48 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 31.28 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 30.48 .
RESISTANCE LEVEL (2) : 31.28 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 28.85 .
SUPPORT LEVEL (2) : 28.11 .
TURNING LEVEL : 29.65 .
EURUSD / INSIDE ASCENDING CHANNEL - 4HEURUSD / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 1.112 .
Downward Condition : With the price holding steady at the current turning level at 1.112 , it is likely to decline towards the support level of 1.107. If it stabilizes below this level, it could then reach the next target level of 1.099 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.112, leading to a rise toward the resistance level (1) at 1.117 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.112 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.117 .
RESISTANCE LEVEL (2) : 1.112 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.107 .
SUPPORT LEVEL (2) : 1.099 .
TURNING LEVEL : 1.112 .
USOIL / TRADING INTO DESCENDING CHANNEL - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 74.76
Downward Condition: With the price holding steady at the current turning level at 74.76 , it is likely to decline towards the support level of 72.81. If it stabilizes below this level, it could then reach the next target level of 70.92
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 74.76 , leading to a rise toward the resistance level (1) at 76.15 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 78.55
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 76.15 .
RESISTANCE LEVEL (2) : 78.55 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 72.81 .
SUPPORT LEVEL (2) : 70.92 .
TURNING LEVEL : 74.76 .
Nifty Prediction for Tomorrow: 26 August, 2024Nifty continues sideways today!
No problem! Iam holding my CE buy position.
Trailing stop loss at - 24,750
Close CE buy position if price closes below 24,750
Open PE buy position if price closes below 24,750
All position on candle close basis ONLY. No running candle trades!
Happy weekend and dont forget to spend time with your family!
GOLD / UNDER BEARISH PRESSURE - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 2,507$
Downward Condition: With the price holding steady at the current turning level at 2,507$ , it is likely to decline towards the support level of 2,475$. If it stabilizes below this level, it could then reach the next target level of 2,459$ , maybe prices reach 2,520$ before starts a dropping .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 2,507$ , leading to a rise toward the resistance level (1) at 2,520$ . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 2,532$.
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 2,520$ .
RESISTANCE LEVEL (2) : 2,532$.
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 2,475$ .
SUPPORT LEVEL (2) : 2,459$ .
TURNING LEVEL : 2,507$ .
XAUUSD / TRYING TO RETEST BEFORE REACH HISTORICAL PEACK - 4HXAUUSD
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above turning level at 2,474$ .
Turning Level: The price is currently trading above this level around 2,474$ . As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected.
support Level (1) : around 2,452$ , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 2,474$ . If the price reaches 488.2 , and stabilizes below it, it will likely attempt to reach support level (2) .
support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 2,432$ . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 2,420$ .
Resistance Level (1): As long as the price remains above the turning level of 2,474$$ , it suggests a rising towards 2,508$ . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2).
Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 2.525$ . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 2,540$ .
Channel Trend: the trading rate within the ascending channel .
TARGET LEVEL :
RESISTANCE LEVEL : 2,508$ , 2,525$ , 2,540$ .
SUPPORT LEVEL : 2,452$ , 2,432$ , 2,420$ .
Gold price analysis August 23☘️Fundamental analysis:
Gold prices attracted fresh buyers in the Asian session on Friday, moving away from the weekly lows touched the previous day. Growing acceptance that the Federal Reserve (Fed) will start lowering borrowing costs at its September policy meeting did not help the US Dollar (USD) to capitalize on a decent overnight rebound from weekly lows.
However, gold prices remained below the psychological $2,500 level as traders eagerly awaited Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium for clues on the path of interest rate cuts, which could provide fresh directional momentum. In addition, developments surrounding the ceasefire talks between Israel and Hamas will play a key role in influencing the near-term trajectory of XAU/USD, which looks set to post modest losses for the week.
☘️Technical Analysis
Gold recovers from the important technical support level of 2470, which is also the support level that I identified for you in the previous analysis.
The important price zone that gold is heading towards is 2500. There will be two important cases when the price breaks and does not break out of the 2500 zone. When breaking the 2500 zone and heading towards the resistance zones that gold could not break yesterday. The zones of interest are 2509 and 2513, which are also important today. If it cannot break, it may continue to downtrend. On the contrary, breaking the 2513 zone will head towards 2519 and form an uptrend when trading successfully above 2520. In the opposite direction, the important support zone is the breakout zone of 2485 and the support zone of yesterday's bottom around 2571. If it breaks 2471, 2465 becomes the final support zone.
Wish you successful trading
Resistance: 2500 - 2509 - 2513 - 2519 - 2530
Support: 2485 - 2472 - 2465
SELL price zone 2500 - 2498 Stoploss 2505
SELL zone 2519 - 2521 Stoploss 2524
BUY scalp price zone 2465 - 2363 stoploss 2460
BUY price zone 2472-2470 stoploss 2468
Gold trading strategy August 22☘️Fundamental Analysis:
Gold prices attracted some sellers during the Asian session on Thursday and slid closer to the psychological $2,500 mark, although they held above the overnight low. The US dollar (USD) gained some positive momentum and now appears to have broken a four-day losing streak, hitting a fresh yearly low on Wednesday. This, coupled with the underlying bullish sentiment across global financial markets, turned out to be a major factor undermining the safe-haven precious metal.
That said, dovish expectations from the Federal Reserve (Fed) could limit the USD’s recovery and act as a bullish driver for Gold. Data released on Wednesday showed that US job growth over the year through March was weaker than initially estimated. Moreover, the minutes of the July FOMC meeting showed that some officials are leaning towards an immediate rate cut. This reaffirms bets for the imminent start of the Fed easing cycle in September, which would benefit the non-yielding yellow metal.
☘️Technical Analysis:
Gold is trading in a range of 2495-2518. The consolidation zone that has been maintained throughout this week needs to be stronger for gold to break out of the price range. On the upside, gold will face immediate resistance around 2513 before reaching the important breakout zone of 2518. The all-time resistance around 2531 will be the last resistance before making a new ATH and heading towards higher hooks. If gold fails to break the resistance of 2513 and breaks the lower band of 2395, the important support zone around 2385 will be the key place to watch. The lowest level at the sell plan is 2376.
Resistance: 2519 - 2527 - 2531 - 2540 - 2552
Support: 2500 - 2495 - 2488 - 2475 - 2470
SELL scalp price zone 2518 - 2520 stoploss 2523
SELL price zone 2550 - 2552 stoploss 2556
BUY price zone 2477 - 2375 stoploss 2471
BUY scalp price zone 2488 - 2386 stoploss 2482
BankNifty Prediction for Tomorrow : 23 August 2024BankNifty Prediction for Tomorrow: 23 August 2024
The market was pretty much sideways today.
According to the Risological swing trader:
The Trailing stop loss is at 50,675
If the event of a gap down tomorrow morning, and closes below 50,675 in 15m candle close, I will be looking at buying PE side positions.
If it continues the upside movement, the upper targets are as follows. These are also the resistance zones.
Resistance: 51,430 - 52,108 - 52, 527
Trailing stop loss - 50,675
SNXUSDT / TRADING BELOW TURNING LEVEL - 4HSNXUSDT - 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 1.557 .
Downward Condition: With the price holding steady at the current turning level at 1.557 , it is likely to decline towards the support level of 1.445. If it stabilizes below this level, it could then reach the next target level of 1.284 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.557 , leading to a rise toward the resistance level (1) at 1.660 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.767 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.660 .
RESISTANCE LEVEL (2) : 1.767 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.445 .
SUPPORT LEVEL (2) : 1.284 .
TURNING LEVEL : 1.557 .
LTCUSD / REMAIN BELOW TURNING LEVEL - 4HLTCUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 68.30 .
Turning Level: The price is currently trading below this level around 68.30 . As long as it remains stable and stays below this level, a drop toward the support level is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level can be expected.
Resistance Level (1): around 73.17 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 68.30. If the price reaches 73.17 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 76.44 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 79.83 .
Support Level (1): As long as the price remains below the turning point of 68.30, it suggests a drop towards 61.62 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 57.61 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 52.93 .
Channel Trend: the trading rate within the descending channel.
TARGET LEVEL :
RESISTANCE LEVEL : 73.17, 76.44 , 79.83 .
SUPPORT LEVEL : 61.62 , 57.61 , 52.93 .
EURUSD / BREKOUT ASCENDING CHANNEL - 4H
EURUSD
Tendency , the price is under bullish pressure , until trading above turning level at 1.101 .
Turning Level: The price is currently trading above this level around 1.101. As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected.
support Level (1) : around 1.095 , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 1.101. If the price reaches 1.095 , and stabilizes below it, it will likely attempt to reach support level (2)
support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 1.088 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 1.078 .
Resistance Level (1): As long as the price remains above the turning level of 1.101 , it suggests a rising towards 1.108 . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2).
Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 1.113 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 1.116 .
Channel Trend: breakout ascending channel .
TARGET LEVEL :
RESISTANCE LEVEL : 1.108 , 1.113 , 1.116 .
SUPPORT LEVEL : 1.095 ,1.084 , 1.78 .
US30 ( UNDER BULLISH PRESSURE ) - 4H US30
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 40,680
Upward Condition :The price is currently experiencing bullish momentum. As long as it remains above the 40,680 turning level , it is likely to move upward toward the resistance levels of 41,040 and then 41,401.
Downward Condition :To reach the 40,239 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 40,680. If it stabilizes below support level (1) , a further decline toward the support level (2) at 39,812 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 41,040 .
RESISTANCE LEVEL (2) : 41,401 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 40,239 .
SUPPORT LEVEL (2) : 39,812 .
TURNING LEVEL : 40,680 .