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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
by TVS-Trader
2
SRF/SWING TRADE # PRICE LOOKING BACK TO PREVIOUS TREND #PRICE TRADING IN A PATTERN # TAKING SUPPORT FROM MA 21 MA 50 EMA 21 #SL 2370 ALWAYS TAKE RISK REWARDS INTO ACCOUNT. IT IS THE CORE STRENGTH 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."
NSE:SRFLong
by varunprakashmr
XAUUSD : Gold will fluctuate strongly at the end of the weekWorld gold prices fluctuated around 2,329 USD/ounce in the first trading hours of the Asian session. Gold prices this week are forecast to be volatile as the market receives a series of important data, including employment data and minutes of the June FOMC meeting. In his latest statement, Mr. Powell still emphasized his view that the US Central Bank will need more data before making a decision to cut interest rates to ensure that inflation is falling sustainably towards the target mark. Michele Schneider - chief strategist of MarketGauge, commented that world gold prices are stable amid many risks. However, inflation, geopolitical tensions and the US government's budget deficit are increasing, which firmly supports gold prices.
OANDA:XAUUSD
by SantaTradeGold
Gold accumulates narrow margin waiting Nonfarm and new Data✨Fundamental analysis: Gold prices attracted some buyers after a pullback to 2319, starting a new week amid bets on a September interest rate cut by the Federal Reserve (Fed). Expectations were reaffirmed by data showing the U.S. manufacturing sector contracted for a third straight month in June and the prices factories pay for inputs fell to their lowest level in a decade. six months. This suggests that inflation is subsiding, which should allow the US central bank to begin lowering borrowing costs. China's economic troubles, persistent geopolitical tensions and political turmoil in the United States and Europe have provided some support for the safe-haven precious metal. The solid recovery in the US Dollar (USD) from multi-day lows has capped any further gains in Gold prices. Benchmark 10-year government bond yields rose to their highest level in a month, seen as a driving force for the USD. Traders are adding signals about the Fed's policy path before placing clear directional bets. Therefore, the focus remains on Fed Chairman Jerome Powell's speech later today and the FOMC meeting minutes on Wednesday. ✨Technical analysis Gold prices have so far been struggling to overcome the crucial resistance level of 2,340. The said barrier is currently anchored near the 2,338-2,340 zone and will act as an important pivotal point. A sustained strength above this level would pave the way for a move towards the next relevant hurdle at 2355-2368. On the downside, weakness below the $2,319-2,318 zone, or the overnight swing low, could find some support near the $2,300 mark ahead of the $2,285 horizontal zone. ✨Support: 2321-2310-2300-2289 ✨Resistance: 2333-2340-2355-2368 SELL GOLD 2340-2342 SL 2345 SELL GOLD 2355-2357 SL 2360 BUY GOLD 2310-2308 SL 2305 BUY GOLD 2300-2298 SL 2295
OANDA:XAUUSD
by TVS-Trader
GBPUSD analysis week 29GBP/USD ended the session in a relatively tight range below 1.2650 after the US Bureau of Economic Analysis released data on the Personal Consumption Expenditures (PCE) price index, the preferred measure of inflation of the Federal Reserve (Fed). Despite the UK's positive GDP report, it still cannot lift the strength of the GBP too much, After recovering from the week's low hit last Wednesday, the GBP/USD pair limited losses and remained below the psychological level of 1,270, a key threshold for buyers to regain control. Sellers are also under less pressure as they face strong support at the 1.256 area because there is a gap in liquidity at a fairly wide price range. Previously, at the support area of ​​1,260, the profit-taking area of ​​investors last month was also an area to pay attention to for scalping signals. The relative strength index (RSI) shows that sellers remain in control, meaning more losses are expected. Support: 1,260 -1,256 Resistance: 1,269 - 1,273 Trading signals: SELL GBPUSD zone 1.273-1.275 SL 1.277 BUY GBPUSD zone 1.256-1.254 SL 1.252
by TVS-Trader
GOLD - one n only support, holding or not??#GOLD... a perfect move is going on according to our video analysis and as you can see market perfectly hold 2 times 2331 32 and dropped. and our last day supporting area 2321 is still valid guys don't take it easy, a triangle is also on table. keep close the tringle. TECHNICAL: 2321 is one of the most important on chart in hour and 4 hours chart. in yesterday market perfectly hold it and now again hat is your area, short only below that area with mentioned tp's good luck trade wisely
OANDA:XAUUSD
by AdilHussain731333
GOLD - there is only single support, hold or not??#GOLD... a perfect move is going on according to our video analysis and as you can see market perfectly hold 2 times 2331 32 and dropped. and our last day supporting area 2321 is still valid guys don't take it easy, TECHNICAL: 2321 is one of the most important on chart in hour and 4 hours chart. in yesterday market perfectly hold it and now again hat is your area, short only below that area with mentioned tp's good luck trade wisely
OANDA:XAUUSD
by AdilHussain731333
GOLD : Gold will break out strongly in the futureGold prices increased slightly on Monday (July 1), with the market's focus shifting to US jobs data scheduled for release later this week, which could provide more signals about the The US Federal Reserve (Fed) lowered interest rates. At the end of the trading session on July 1, the spot gold contract increased 0.2% to 2,329.79 USD/oz. Gold prices jumped more than 4% in the second quarter of 2024. “We are seeing some short-covering activity by short futures traders and bargain hunters in the money markets,” said Jim Wyckoff, Senior Market Analyst at Kitco Metals. face. The market is also being supported by rising oil prices and a weakening USD." U.S. manufacturing activity fell for a third straight month in June and a measure of the prices factories pay for inputs fell to a six-month low amid weak demand for goods. see inflation may continue to decline. This week, the market will focus on Fed Chairman Jerome Powell's comments on July 2, followed by the minutes of the central bank's latest policy meeting on July 3 and the U.S. jobs report. America on July 5. Data last week showed US inflation was unchanged in May, while consumer spending rose moderately. The market predicts a 64% probability that the Fed will lower interest rates in September as well as another interest rate cut in December 2024.
TVC:GOLD
by SantaTradeGold
XAUUSD : Gold finds old peak at 2365$The dollar remains strengthened, especially against currencies where central banks have a more dovish stance than the Fed – most notably the yen and renminbi. However, gold investors still ignored fluctuations in the foreign exchange market, so gold recovered from the weak level at the beginning of last week and ended the week in the green. The fact that gold continues to "ignore" the strength of the USD shows that investors do not consider gold as a foreign exchange product, they still focus on the appeal of this metal after years of inflation exceeding forecasts. weakening the purchasing power of fiat currencies. US NFP and CPI data are notable for the USD and gold The latest US inflation data on Friday (core PCE index) was fully in line with market expectations. Other key U.S. economic data sets are due out in the coming weeks, including the June nonfarm payrolls report on Friday, followed by CPI data on July 11. Some other important economic data this week are also worth watching, such as ISM manufacturing and services PMI, ADP employment data, JOLTS jobs openings and FOMC meeting minutes. It can be seen that gold is still "standing firm" even though the USD is strengthening, so the possibility of gold soaring to a new record peak if the USD weakens at this time is not too far-fetched. Therefore, it is necessary to closely monitor the upcoming data series. Any sign of further weakness in the U.S. economy will strengthen expectations for more than one Fed rate cut in 2024. Gold still shows a long-term upward trend. Although gold has recently appeared to be moving sideways and its upward momentum has slowed, this could be a positive sign. Because this accumulation period helps the RSI reduce the "overbought" situation on the weekly and monthly charts. This is mainly achieved through time rather than price action, which is usually a bullish sign.
OANDA:XAUUSD
by SantaTradeGold
XAU rebounded after moving sidewaysMany analysts believe that the gold market is in a calm period and may fluctuate again at least until the end of this week. The increase in buying by investors at the beginning of the session is the expectation that the price will increase after the precious metal is in a low price range. The current monetary policy stance of the US Federal Reserve (Fed) could trigger another sell-off in the market. As long as the Fed loosens monetary policy, it will put pressure on the USD and push up gold prices.
OANDA:XAUUSD
by TrategySherpa
XAUUSD : Gold will break out in the near futureWorld gold prices fluctuated around 2,325 USD/ounce in the first trading hours of the Asian session. Last week, the gold market continued to move slowly and steadily, as the yellow metal once again traded within a narrow range between 2,300 and 2,340 USD/ounce. Gold prices are expected to be volatile this week as the market receives a series of important data, including employment data and June meeting minutes. MarketGauge's chief strategist - Michele Schneider said that world gold prices are stable amid many risks. However, inflation and the US Government's budget deficit are increasing, which firmly supports gold prices. According to this expert, gold prices tend to increase in the long term if the support level of 2,300 USD/ounce is maintained.
OANDA:XAUUSD
by SantaTradeGold
GOLD : Gold recovered strongly this weekGold prices are becoming unpredictable in the coming days, with many mixed views from analysts and investors, according to Kitco's gold price trend survey results next week. Specifically, in a survey on Wall Street, 12 analysts responded, of which 33% thought gold prices would continue to increase, 17% thought gold prices would decrease and up to 50% predicted gold prices. across. In the online survey on Main Street, 178 investors responded, with 48% predicting gold prices to increase, 28% predicting gold prices to decrease and up to 24% predicting gold prices to decrease. horizontal. Next week, investors will continue to wait for information related to the US macroeconomy to be released, after last weekend's information showed that inflation in the US cooled down, reinforcing expectations about the Federal Reserve's announcement. The US Federal Reserve (FED) may cut operating interest rates in the second half of this year. This will positively impact the increase in gold prices.
TVC:GOLD
by SantaTradeGold
Gold prices attract some sellers amid cautious FedGold prices fell again after once again facing rejection above 2334. A stronger-than-expected US purchasing managers index (PMI) released last week prompted Federal Reserve officials The Federal Reserve (Fed) pushed back the timing of cutting interest rates for the first time this year, which continues to limit gold's rise. However, safe-haven flows due to geopolitical tensions in the Middle East and Ukraine could boost the yellow metal in the near term. Investors will focus on the Fed's Cook and Bowman's speeches on Tuesday. Any evidence of an easing inflation trend could boost expectations of a Fed rate cut by the end of 2024. This could drag the Greenback lower and create a tailwind for Gold priced in USD. Gold is still trading near the important support level of 2320. We need to wait for more new market data to get an overview of whether the support level around 2320 will hold. Gold price is trading at a lighter level during the day. Gold hinh has formed a downtrend May 10 on the daily timeframe. The two moving averages EMA 34 and EMA 89 are still hesitant and have not clearly shaped the opening trend of the h4 frame. There are not many important resistance levels near gold's current price range. The price level of 2343 becomes the nearest resistance area, a breach of this level will pave the way to $2,365, the highest level of 2 weeks. On the other hand, the June 21 low at $2,316 serves as initial support for the yellow metal. Any further selling would see a drop to $2,305, which on a break of 2385 the low of June 7 would be the most important support at the moment. Support: 2316 - 2312- 2305 Resistance: 2337 - 2345 - 2367 SELL zone 2341 - 2343 stoploss 2346 BUY zone 2302 - 2300 stoploss 2296
OANDA:XAUUSD
by TVS-Trader
Gold trend broken, extending the downtrendGold prices fell for the second day in a row amid the Fed's hawkish outlook. The Fed's September interest rate cut is still on the table, which limits USD gains. Persistent geopolitical tensions contribute to limiting the rapid slide in gold prices. The greenback followed US Treasury yields higher in the second half of Tuesday's trading session, ahead of hawkish comments from the US Federal Reserve Governor. The uptrend line of the short-term trend has been broken and a new support price at 2312 has just been formed. The relative strength index (RSI) maintains its position below 50, proving that the downward trend in Gold prices is still continuing. In addition, the EMA 34 has begun to cross the EMA 89, in line with the main trend of the market. If sellers muster strength, initial support will be at 2,306 and the decline could extend to the bottom of 2,290 three weeks ago. In the opposite direction, Gold price needs to regain strength when it needs to close the daily candle above 2335 and also above the two moving averages EMA 34 and EMA 89 to return to the long-term upward trajectory. Level 2343 will become an important technical resistance hook for gold today. Support: 2306 - 2291 Resistance: 2328 - 2343 🕯Trading signals 🔼BUY GOLD scalping zone 2306-2304 Stoploss 2301 🔼BUY GOLD zone 2291-2289 Stoploss 2286 🔽SELL GOLD scalping 2328-2330 Stoploss 2333 🔽SELL GOLD zone 2343-2345 Stoploss 2348 ⚡️Psychology, discipline and capital management are the three factors that make victory possible.⚡️
OANDA:XAUUSD
by TVS-Trader
USDJPY still continues to riseUSD/JPY maintained its decline near 160.50 during the European session on Thursday, eroding some of Wednesday's surge. The pair was dragged down by widespread risk aversion and Japan's verbal intervention, supporting the Japanese Yen. The focus now is on potential foreign exchange intervention and US data. The Japanese yen (JPY) weakened again on Wednesday in a nearly 10-day losing streak with only one interruption in its advance. Traders are dipping their toes in the water to see if Japan's Ministry of Finance will intervene in the foreign exchange market. Meanwhile, the Bank of Japan is still unclear when, how and whether it will cut its debt purchase program. The USD/JPY pair is flashing a red warning light when the price action gets too hot. The best evidence is the Relative Strength Index (RSI), which is close to overbought conditions on the daily chart, while the 160.00 magic level, where Japanese authorities last intervened, is very close. Don't expect an immediate knee-jerk reaction, as authorities will want to see whether US data on Thursday and Friday can trigger some easing without having to stick their necks out to intervene. Are not.
by TVS-Trader
EURUSD analysis week 28EUR/USD continues its downtrend and trades in negative territory below 1.0700 as the US Dollar benefits from upbeat data during the US trading session. S&P Global reported that economic activity in the US private sector continued to expand at a strong pace in June. The risk-averse market atmosphere has helped the US Dollar (USD) gain strength, forcing EUR/USD to stand firm. Disappointing PMI data from Germany and the Eurozone weighs on the Euro find a need. Late Friday, S&P Global released preliminary US Manufacturing and Services PMI data. US PMI data is better than expected, USD could maintain its strength into the weekend and cause EUR/USD to fall below 1.0700. EURUSD's retracement is close to the critical support level of 1.065. The uptrend was almost broken when the 1,070 level was completely broken. If EUR/USD falls below 1.065 and takes it as resistance, the slide could extend to the 1.062 two-month low. On the upside, 1.0700 (psychological level, static level) can be considered as temporary resistance ahead of 1.0730 (61.8% Fibonacci retracement, EMA 34 and EMA 89) and 1.0780 (50% Fibonacci retracement). Resistance: 1.073-1.078 Support: 1,065-1,062 Trading signals SELL EURUSD: 1.078-1.080 SL 1.082 BUY EURUSD: 1.062-1.060 SL 1.058
by TVS-Trader
GBPUSD analysis week 28GBP/USD drops to new multi-week lows below 1.2650 GBP/USD remains under bearish pressure and trades at its lowest since mid-May below 1.2650. Stronger-than-expected Manufacturing and Services PMI data from the US helped the USD maintain its position and sent the pair lower. The Bank of England (BoE) announced on Thursday that it is not changing its monetary policy settings. “The June decision is reasonably balanced as higher-than-expected services inflation reflects factors that will not push up medium-term inflation,” the BoE said. The BoE's upbeat tone on the inflation outlook has seen the Pound weaken against its major rivals. GBP/USD fell below the lower bound of the ascending regression channel and the Relative Strength Index (RSI) indicator on the 4-day chart fell below 40, reflecting a bearish bias in the short-term outlook. After breaking the important support level of 1,266, the GBPUSD pair may retreat to the 1,259 area before encountering recovery support. The main support level of the pair is at the 1,252 area. If GBP/USD drops below 1.259 and starts to use it as resistance, an extended slide towards 1.252 could be seen Support: 1,259-1,252 Resistance: 1,266-1,272 Trading signals SELL GBPUSD zone 1.272-1.274 SL 1.276 BUY GBPUSD zone 1.252-1.250 SL 1.248
by TVS-Trader
2