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Gold, Short-Term sellWeekly gold analysis 📌 Key points and overview: We can think about it to buy at lower prices with the lowest risk. Disappointing home and building sales data could bolster expectations that the Federal Reserve will slow its rate of contraction. End-of-week flows could change the sentiment and play an important role in keeping gold on the sidelines ahead of next week's Fed meeting minutes. 📝 Analysis: About 10% growth last week! What can be said? Sharpe's move last week narrows the way for Saud in the short term. Gold needs correction. The Federal Reserve will likely indicate that it will continue to raise interest rates. What we expect according to recent job market data. It is true that we are cautious because the change in the contractionary policies of the Federal Reserve is likely, but we cannot expect such a short-term reduction in inflation data alone. We will need at least a few months of consecutive downward inflation. On the other hand, the sudden growth of gold last week showed how attractive the price of gold is for buyers, I mean the prices of $1,620. They think these prices are cheap. Since we don't know how strong the Federal Reserve will be in its upcoming meetings, or we don't know if they will talk more softly, selling gold is a bit risky. We have to wait because the Fed's job with inflation is not done yet. On the other hand, many buyers are waiting at the low prices area. Our suggestion is simple, let's wait for this last growth of gold to rest in a correction, we can think about it to buy in lower prices with lowest risk. The Fed's pressure on the dollar to control inflation will put the US into a recession. We cannot accurately determine the magnitude of this recession, but what is clear is that it will be a recession, and the winners of this recession are gold buyers. 📉 Technical view: The head and shoulder pattern is ready to be broken on the 1-hour time frame. The tide of this pattern can make gold bearish in the short term. You can accompany gold in the downward movement by keeping the risk low because the Federal Reserve supports you. But our team tries to be on the lookout to be a buyer of gold at lower prices. 🔸 Failure of 1745$ levels can leads the way down for gold to fall to the 1720$ and 1700$ levels. 📰 Important calendar events: This week we will have construction data. Disappointing data could reinforce expectations of a slowdown in the Fed's pace of contraction. The decline in the value of the US dollar can be the engine for gold to rise again. However, End-of-week flows could change sentiment and play an important role in keeping gold on the sidelines ahead of next week's Fed meeting minutes.
OANDA:XAUUSDShort
by Alisabbaghi
NIO: Next targets + Weekly analysis.• NIO hit a very important support level last week, and it did a bullish reaction; • The support area made by the purple trend line + $9.40 is the most important support level for NIO. If it loses both lines, the next support is at $5.70; • This week’s reaction was quite intense, and NIO is trying to reject the bullish reaction from last week; • If NIO reacts after earnings, it could bounce again to its 21 ema, however, if it loses the $9.40, any possible bullish structure will be rejected; • Let’s pay attention on how it’ll react near the lines plotted on the chart above. Remember to follow me to keep in touch with my analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
EURCHF Short from Resistance 80 pip potential gainWelcome back! Let me know your thoughts in the comments! **EURCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
1
AUDJPY 60 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
BTCUSD SELL IDEA (28.8.22)BTC broke the trendline (rising wedge) on 4hr and retested it, so I entered a first small sell with a tp at next demand zone, but it will very likely hit my SL, so I added an 3x big sell limit at the supply zone above us, that would be a 5RRR. You also can leave TP open and close partial at that level and let rest run till 10k-15k; because this could be a possible long term price.... use this opportunity and buy as much as you can.... BTC likely wont be that cheap ever again
COINBASE:BTCUSDShort
by kristianno1