SILVER.. at today supporting area? hold or not???#SILVER.. perfectly placed day low according to our video analysis and keep close that region because its our today most importnat region as a supporitng area.
if market hold it that only case you can see again bounce from here other not.
that region is 30.90 around.
good luck
trade wisely
Tradingsignals
APOLLO HOSPITAL / SWING TRADE # GOOD STRONG CLOSE
#TRADING OUTSIDE A CONSOLIDATION ZONE
# SL 6300
ALWAYS TAKE RISK REWARD IN TO ACCOUNT .IT IS THE CORE STRENGHT OF TRADING.
NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS
"Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
SYNGENE / SWING TRADE# STOCK TRADING ABOVE TRIANGLE PATTERN IN 30 MIN CHART
# TAKING SUPPORT FROM SMA 21
#SL 705
ALWAYS TAKE RISK REWARD IN TO ACCOUNT .IT IS THE CORE STRENGHT OF TRADING.
NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS
"Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
XAUUSD : Gold will return to its old peak within the weekWorld gold is fluctuating around 2,395 USD/oz. The world gold market will likely be more exciting this week after escaping the gloom for a long time. The price of this precious metal is expected to be affected by Fed Chairman Jerome Powell's statement at his testimony before Congress, growth data for June, weekly unemployment claims, index reports US producer prices and preliminary survey results on consumer sentiment by the University of Michigan.
Currently, optimism is covering the gold market, as recent data shows cracks in the US economy, the US labor market is increasingly weakening and inflation is decreasing. All the data reinforces the possibility that the Fed will soon introduce monetary policy easing and lower interest rates, which should support the price of the precious metal gold.
GOLD : Gold will be strong and have new peaksGold prices have soared this year - hitting a record in May - due to central bank purchases, while policymakers in countries including India, China and Singapore is looking to diversify its reserves. The precious metal is also supported by geopolitical tensions and bets that the US Federal Reserve will start cutting interest rates as inflation cools.
Christopher Wong, strategist at Oversea-Chinese Banking, said "the possibility of gold prices falling should not be ruled out" following the PBOC data. "But it is not unusual for China to temporarily stop buying gold, because gold prices have increased quite sharply."
According to data released on Sunday, the amount of gold bullion held by the PBOC was unchanged at 72.8 million troy ounces at the end of last month. The PBOC decided not to add to reserves in May, ending an 18-month net purchase.
According to Krishan Gopaul, an analyst at the World Gold Council (WGC), the Reserve Bank of India added more than 9 tons of gold in June, based on weekly data. This is the highest figure since July 2022 and it shows that India's gold reserves have increased by 37 tonnes to 841 tonnes this year.
Gold prices fell 0.3% to 2,385.55 USD/ounce at 10:40 a.m. in Singapore. The DXY index remained unchanged. Silver prices held above $31 an ounce after rising more than 7% last week, while palladium and platinum fell.
According to Charu Chanana, a strategist at Saxo Capital Markets in Singapore, it is possible that rising gold prices have prevented the PBOC from buying. However, she said gold could still rally further amid growing expectations of the Fed's monetary easing policy this year, as well as ongoing geopolitical risks.
KASPA CHANCE FOR LONG (FUTURES TRADE)A coin that has a similar movement as the ADA cardano in 2021, and also of fundamental quality. It is one of the coins that appeared first in terms of strength when the euphoria began in 2023. Now it would be wisest to be patient because futures are in question.
When we look at the futures trade, wait for the FVG to fill up, which would lead to a drop of 20% (the probabilities are small, but the point is certainty)
When we invested it was low 0.11 and 0.12, now we approach completely differently. And if we miss a trade, our money is still working for us.
This is a very important reaction because it shows that customers have taken over and that the correction is complete. We were in that range for a long time, a huge consolidation. I can very well target $0.55, but for now it is important to follow the set up.
Feel free to show support with like,
CHFJPY: Classic Trend-Following 🇨🇭🇯🇵
On a today's live stream with my students,
we discussed CHFJPY.
Even though the momentum is slowing down,
the pair still remains bullish.
After a test of a solid rising trend line on a daily,
we see a strong positive bullish reaction.
I think that the pair will go higher.
Goals: 179.4
❤️Please, support my work with like, thank you!❤️
EURUSD July 4 analysisEUR/USD surged and rose above 1.0810 to touch its highest since June 12 on Wednesday. The pair remained in consolidation near 1.0800 early Thursday.
Disappointing macroeconomic data from the United States triggered a sell-off in the US Dollar (USD) during US trading hours on Wednesday and gave the EUR/USD pair a boost.
EUR/USD rose above 1.0800 on Wednesday, where the 100-day and 50-day Simple Moving Averages (SMA) converged, but failed to make a daily close above this level. Once 1.0800 is confirmed as support, technical buyers may remain interested. In this scenario, 1.0840 (23.6% Fibonacci retracement level of the latest uptrend) can be considered as temporary resistance before 1.0900 (psychological level, static level).
In case 1.0800 remains resistance, 1.0760 (50% Fibonacci retracement) and 1.0730-1.0740 (61.8% Fibonacci retracement, 20-day SMA) can be considered Support level.
Trading signals
SELL EURUSD zone 1.08450-1.08650
↠ Stoploss 1.08800
→ Take Profit 1 1.08000
→ Take Profit 2 1.07400
BUY EURUSD zone 1.07600-1.07400
↠ Stoploss 1.07300
→ Take Profit 1 1.08000
→ Take Profit 2 1.08600
Gold has wanted to break the sideways border for many weeks💥Fundamental analysis
Gold prices started fresh bids during the European session on Wednesday and look set to continue the previous day's recovery from the 2,319-2,318 support zone. Gold is currently near the top of the short-term trading range that has been in place for the past week or so, . Bets that the US central bank will begin a rate-cutting cycle at its September meeting were reaffirmed by seemingly dovish comments from Federal Reserve Chairman Jerome Powell. . Additionally, concerns about a slowdown in global economic growth, persistent geopolitical tensions along with political instability in the United States and Europe act as drivers for the precious metal. .
Gold price upside may be limited as traders may refrain from aggressive bets and want to wait for more signals on the Fed's future policy decisions. focus will remain on the release of FOMC meeting minutes and the US economic calendar - including ADP report and ISM PMI on services, Nonfarm will influence US Dollar price dynamics (USD) in the short term and create new directional momentum for the yellow metal. Overall, it can be seen that the market wants to go up rather than continue falling to 2300, so investors are still waiting for a recovery to buy long-term.
💥Technical analysis
Recent range-bound price action points to hesitation among traders about the near-term trajectory. At the trading hour of the European trading session, the price of gold was pushed out of the price range of 2340. The buyers wanted to break the sideway structure of the market. When breaking the structure of 2345, gold soon regained its strength around the old peak of last month at $2,365. Some follow-through buying will allow bulls to reclaim the $2,400 round mark
On the upside, the $2,319-2,318 area now appears to have emerged as strong immediate support ahead of the $2,300 mark and the $2,285 horizontal zone. With market sentiment pushing prices up, it is difficult for bears to regain their advantage at hook 2285.
Support: 2320 - 2310 -2302
Resistance: 2343 - 2350 -2360
SELL price range 2358 - 2360 stoploss 2363
BUY price range 2310 - 2308 stoploss 2295
Gold weakened at the beginning of the weekGold prices started the new week at a mild level and fluctuated within a range below multi-day peaks. Important US inflation data reaffirms market expectations that the Federal Reserve (Fed) may cut interest rates in September and again in December. This, in turn, will pull the Dollar The US dollar (USD) is off the peak reached last week and this is the main factor acting as support for the commodity.
Persistent geopolitical tensions and uncertainty about the final outcome of France's shock election have provided some support for safe-haven Gold prices. Meanwhile, the Fed is expected to cut interest rates only once in 2024, while officials still argue in favor of keeping rates higher for longer. This lifted US Treasury yields to multi-week highs and capped the yellow metal's yield.
Gold is still trading between the EMA 34 and EMA 89 of the h4 frame, showing that gold is hesitant around the 2320-2330 border. A sustained strength beyond this narrow price band has the potential to push Gold prices back to the 2344-2345 resistance area, which if overcome, would allow buyers to reclaim the $2,355 break out mark. Momentum could extend further to reclaim the 2400 key mark once last month's peak resistance of 2385 was broken.
On the downside, any slippage from the tight range is likely to find some support near 2310. A convincing break below that threshold would be seen as a fresh trigger for bearish traders and pull prices. Gold down to 2295. The round support area of 2300 has almost no meaning anymore to support gold price.
Support: 2310-2295
Resistance: 2344-2355
Trading signals
SELL GOLD 2355-2357 SL 2360
BUY GOLD 2295-2293 SL 2290
Gold prices fluctuate around a two-week peak☘️Fundamental analysis
Firm expectations that the Federal Reserve (Fed) will cut interest rates in September, supported by recent weaker US macroeconomic data, dragged the US Dollar (USD) to lows strongest in more than three weeks and is said to be beneficial for the non-yielding yellow metal. Additionally, persistent geopolitical tensions, coupled with political instability in the United States and Europe, turned out to be another factor driving flows into safe-haven commodities.
Traders may also refrain from placing aggressive bets and prefer to wait for the release of monthly US employment details. The widely known Nonfarm Payrolls (NFP) report will influence market expectations about the Fed's future policy decisions.
☘️Technical analysis
After a strong breakout from the 2340 resistance zone, gold is being supported by buyers. Gold is approaching the next resistance zone around 2365. Some follow-through buy orders above the $2,365 area will reaffirm the prospect of regaining the $2,400 mark.
On the other hand, weakness back to the 2340 zone support, could be seen as a buying opportunity. Next is the support level near the $2,319-2,318 area, which if broken decisively could cause the Gold price to weaken further below the $2,310 mark.
Support: 2349-2339-2319
Resistance: 2365-2370-2385
SELL 2365-2367 stoploss 2370
SELL 2385-2387 stoploss 2390
BUY 2339-2337 stoploss 2334
BUY 2319-2317 Stoploss 2314
GBPUSD BUY | Idea Trading AnalysisGBPUSD is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
XAUUSD:Gold will continue to climb to the top in the near futureAccording to experts, precious metal prices have just gained momentum after the speech of the Chairman of the US Federal Reserve (Fed). Mr. Jerome Powell said that US inflation has cooled down. Experts and investors are increasing expectations that the Fed will soon begin a cycle of lowering interest rates.
According to Bloomberg, excessive spending by the US government and increasing geopolitical instability have prompted large investors to buy gold to hedge against public debt risks. Mr. Johanna Kyrklund, chief information officer of Schroders Group, said that the market today faces many risks related to geopolitics and inflation, supporting gold - a safe haven asset.
World gold spot price stands around 2,363World gold prices almost went sideways, due to investors' profit-taking mentality after the precious metal saw a sudden increase in the previous session.
According to experts, precious metal prices have just gained momentum after the speech of the Chairman of the US Federal Reserve (Fed). Mr. Jerome Powell said that US inflation has cooled down. Experts and investors are increasing expectations that the Fed will soon loosen monetary policy.
After the economic and employment data were released, many experts said that the possibility that the Fed would start cutting interest rates in September increased from 65% to 68%. In addition, the market also expects another interest rate cut by the Fed in December.
Currently, investors wait for the minutes of the US Central Bank's latest policy meeting and the non-farm payroll report to know more about interest rate cuts.
GBPUSD July 4 analysisGBP/USD hovers around 1.2750 on UK election day
GBP/USD is trading sideways near 1.2750 during the European session on Thursday. A generally weaker US dollar helped the pair maintain its upward momentum but traders did not place further bets on the British Pound as British voters went to the polls.
The Relative Strength Index (RSI) on the 4-hour chart has risen above 60, reflecting accumulating bullish momentum. Additionally, the last 4-hour candle closed above the 100-period Simple Moving Average.
On the positive side, the 20-day Simple Moving Average (SMA) and 200-period Simple Moving Average (SMA) on the 4-hour chart form strong resistance near 1.2700. In case GBP/USD rises above this level and begins to use it as support, technical buyers may remain interested. In this scenario, 1.2750 (static level) and 1.2800 (static level, psychological level) can be considered as the next resistance.
If GBP/USD fails to break above 1.2700, it could trigger a technical correction. The 100-day SMA links to key support at 1.2640 ahead of 1.2600 (psychological level, static level).
Trading signals
BUY GBPUSD zone 1.27000-1.26800
↠ Stoploss 1.06700
→ Take Profit 1 1.27500
→ Take Profit 2 1.28000
SELL GBPUSD zone 1.28000-1.28200
↠ Stoploss 1.28300
→ Take Profit 1 1.27700
→ Take Profit 2 1.27000
Gold trades with caution above $2,350, as focus shifts to US NFP☘️Fundamental analysis
Gold prices reversed initial gains to trade cautiously above $2,350 on Thursday. The continued weakness of the US dollar coupled with sluggish US Treasury yields kept gold prices restrained amid market weakness due to the US Fourth of July holiday.
Gold prices traded with a slight positive trend during early European trading hours on Thursday. Gold's trading range today is relatively narrow because today is a bank holiday. Traders also seem reluctant and prefer to wait for the release of monthly employment details from the US Nonfarm Payrolls (NFP) report on Friday before positioning for the next move. a move in direction.
Meanwhile, the downside for gold prices appears to have eased following solid expectations that the Federal Reserve (Fed) will begin an interest rate cutting cycle later this year. Weaker US macroeconomic data released on Wednesday pointed to signs of weakness in the labor market and a weakening economy. Furthermore, the most recent FOMC meeting minutes showed that the majority of policymakers said US economic growth was gradually cooling. This led to an overnight drop in US Treasury yields and dragged the US dollar (USD) to a three-week low, which could further support gold.
☘️Technical analysis
From a technical perspective, the strong breakout above the 2333 and 2344 resistance zones has pushed gold back to its 3-week high around 2365. Daily chart oscillators have begun to gain positive traction. , favoring bullish traders. 2365 Resistance Broken Some follow-through buying and sustained strength above the $2,385 area would reaffirm the prospect of a return to 2400 circular resistance.
On the other hand, gold's ability to turn around is lower. The first key support zone is the break out zone of 2344. The next relevant support level is anchored near the 2333 zone, which if broken, could leave Gold prices vulnerable to further weakness below the most important mark of 2319. gold Closing candles below the 2319 area is not allowed if you want to continue your uptrend.
Support: 2350 - 2344 - 2333 - 2320
Resistance: 2368 - 2385 - 2400
SELL price range 2385 - 2387 stoploss 2395
BUY price range 2345 - 2343 stoploss 2340
BUY price range 2335- 2333 stoploss 2330
USDCAD BUY TREND 04/07/2024It's been a while...
Based on a detailed analysis of the 1M chart, we anticipate that the USDCAD pair will experience an upward movement. Although this analysis is derived from the 1M chart, the idea is published on the 15M chart for clarity and presentation purposes.
Key Points:
Trend Direction: Upward movement expected
Risk Management: Exercise caution as the pair may experience temporary declines, presenting additional buying opportunities
Timeframe: Expect changes within the next week
Take Profit (TP): A TP line has been established. Regular updates will be provided to indicate optimal points for closing all trades
Alerts: Set alerts to receive timely notifications on when to close trades, ensuring you maximize your gains and manage risk effectively
We will continuously update this idea with crucial information on when to close positions. Make sure to stay tuned and adjust your strategy accordingly.
Wishing everyone a happy and prosperous 4th of July!
XAUUSD : Gold trades around $2,350 to $2,365In this morning's trading session, world gold prices rose to their highest level in nearly two weeks around 2,360 USD/ounce. Due to rising expectations that the Federal Reserve will cut interest rates in September, after recent US data showed a weakening labor market.
Ricardo Evangelista, senior analyst at ActivTrades, said: "Today's rise in gold prices is related to the weakening of the USD after Fed Chairman Jerome Powell admitted in public that inflation in the US is finally starting to move in the right direction."
EURUSD analysis week 29 GBPUSD analysis week 29Even as the PCE inflation report hurts the USD, EUR/USD may still struggle to mount a decisive recovery, as investors hold back while waiting for the Euro's expanding strength before the first round of elections in France.
EUR/USD turned sideways last week, capping a dismal trading week after there was little reason to push the pair to trade in a downtrend that was the main trend of the pair. Present. German import prices and labor figures generally missed targets, and US Personal Consumption Expenditures (PCE) price index inflation failed to gain significant momentum despite meeting forecasts. .
Next week, European inflation figures will hit the market at the start of the week with German Harmonized Consumer Price Index (HICP) figures on Monday, followed by EU-wide HICP inflation on Tuesday. Next week also marks the next release of US Nonfarm Payrolls (NFP) labor data, expected next Friday.
Fiber came face-to-face into technical hurdles on Friday, sinking at the 200-hour Exponential Moving Average (EMA) at 1.0715. The pair continues to battle the 1.0700 handle and so far, the bidders have been unable to pattern lower highs in the short term.
The EURUSD pair is still struggling with resistance at 1.075 and support at 1.067 As buyers continue to show signs of exhaustion, a break of the 2024 low at 1.0600 becomes increasingly likely. go out.
In case EUR/USD falls below the sideways band, 1.0610 could be set as the next downside target. On the positive side, 1.0750 last week's broad band resistance would serve as interim resistance before 1 ,0800.
Support: 1,067-1,061
Resistance: 1,075 - 1,080
BUY EURUSD zone 1.061-1.059 SL 1.057
SELL EURUSD zone 1.079 - 1.081 SL 1.083