XAUUSD BUY opportunity again all time high big bullish soon Gold support area 2500_2495 next support area 2490_2485
Target 2520_2530 ones more gold strong bullish high
the negative tone in the American session but still trading in the red on a daily basis The US Dollar gained some footing after reaching oversold conditions against most major
Forextrading
US30 ( UNDER BULLISH PRESSURE - 4H US30 / 4H TIME FRAME
HELLO TRADERS
in the last analyses reached our target + 450 pip profit .
Tendency , prices is under upward pressure , until trading above turning level at 2,507$
Upward Condition: With the price holding steady at the current turning level (1) at 41,040 and retest with stabilizing above turning level (2) at 40,680 , it is likely to rise towards the resistance level (1) of 41,401. If it stabilizes above this level, it could then reach the next target level of 41,864.
Downward Condition : To reach the 40,239 support level (1) , the price needs to first break the turning level (2) 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) : 41,401 .
RESISTANCE LEVEL (2) : 41,864 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 40,239 .
SUPPORT LEVEL (2) : 39,812 .
TURNING LEVEL : 41,040 , 40,680 .
EURUSD / TRADING BELOW TURNING LEVEL - 4H XRPUSDT / 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 1.108 . If it stabilizes below this level, it could then reach the next target level of 1.103 .
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 1.118 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.124 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.118 .
RESISTANCE LEVEL (2) : 1.124 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.108 .
SUPPORT LEVEL (2) : 1.103 .
TURNING LEVEL : 1.112 .
XAU market awaits US CPI newsXAU Markets Await US CPI News
The DXY Index rose 0.3%, reducing the appeal of holding the precious metal.
The market is pricing in a 67% chance of a 25bps rate cut by the Fed and a 33% chance of a 50bps rate cut
Fed Chairman Jerome Powell last week backed the start of rate cuts next month, while expressing confidence that inflation could hit its 2% target.
A report on Tuesday showed that while US consumer confidence rose to a six-month high in August, Americans were also growing more concerned about the labor market.
Short term trading strategy when XAU is slightly downXAU/USD remains near record highs as the US dollar weakens, with gold prices set to consolidate further in the coming months, underscoring that the precious metal is unlikely to fall further below $2,400 an ounce.
Gold has hit back-to-back record highs this year, rising around 22%, and peaked at $2,531 an ounce last week on expectations of an upcoming US interest rate cut and concerns over conflict in the Middle East.
Gold faces pressure from investors when in high positionWhile investors are also cautious about how hawkish the Fed will be
Caution and profit-taking pressure may be factors that prevent gold from continuing to rise.
However, many recent forecasts show that the medium and long-term trend of gold is still quite bright. Demand for this commodity is forecast to increase.
Major funds in the world are also increasing their gold reserves
According to technical analysis, gold prices still tend to increase strongly in the short term
XAU tends to fall as investors take profitsGold prices surged in the first session of the week after Federal Reserve Chairman Jerome Powell delivered a historic speech at the Jackson Hole conference, marking a reversal in US monetary policy.
Accordingly, Mr. Jerome Powell signaled that "it is time to adjust policy", reducing interest rates to support the economy.
According to Mr. Powell, inflation has gradually decreased closer to the 2% target, while expressing concerns about the US labor market.
The USD immediately fell sharply, thereby pushing gold prices up.
Fed rate cut expectations unlikely to materializeSpot gold rose 0.3% to $2,518.forty seven an oz., barely underneath its preceding top of $2,531.60 an oz. hit closing week. US gold futures additionally rose 0.3% to $2,555.20.
Interest charge expectancies and safe-haven call for on Middle East tensions may want to push gold better withinside the quick term, with XAU/USD forecast to go towards $2,six hundred an oz..
China`s latest halt in gold purchases has weighed at the valuable metal. However, Grant stated that although China does now no longer return, primary financial institution call for remains robust and could remain robust.
Rate cut expectations and geopolitical concernsSpot gold rose 0.3% to $2,518.47 an ounce, slightly below its previous peak of $2,531.60 an ounce hit last week. US gold futures also rose 0.3% to $2,555.20.
Interest rate expectations and safe-haven demand on Middle East tensions could push gold higher in the short term, with XAU/USD forecast to head towards $2,600 an ounce.
China’s recent halt in gold purchases has weighed on the precious metal. However, Grant said that even if China does not return, central bank demand is still strong and will continue to be strong.
Gold likely to hit 2600Gold expenses fell however remained close to their current document highs, supported through a weaker US greenback and growing expectancies of a price reduce on the September assembly following dovish remarks from Federal Reserve Chairman Jerome Powell.
Traders have now completely priced in a price reduce subsequent month, with a 64% threat of a 25 foundation factor reduce and a 36% threat of a 50 foundation factor reduce, consistent with the CME FedWatch tool.
Zaner Metals senior metals strategist Peter A. Grant stated that price expectancies and safe-haven call for because of issues approximately Middle East tensions may want to push gold expenses better withinside the quick term, and forecasted that XAU/USD may want to pass towards $2,600/ounce.
The gold rally is not over yet, because FEDCurrently, according to the CME FedWatch tool, the market is 36.5% certain that interest rates will be cut by 50 basis points at the monetary policy meeting next month.
Experts said that the move to loosen monetary policy will have a negative impact on the USD, which is good support for the upward trend of gold prices.
The biggest risk for the precious metal market in the coming time is inflation data, focusing on the US personal consumption expenditure (PCE) index in July. If inflation decreases, it will strengthen the possibility of the Fed easing monetary policy. Conversely, if inflation increases, it will be a drag on precious metals.
gold short term trading strategyLower bond yields appropriately mirror the weakening of the macro economy. He additionally mentioned that now no longer best have jobs been lost, however even white-collar, extraordinarily professional jobs have now no longer multiplied a good deal during the last year.
Investors had been amazed with the aid of using a dovish speech at Jackson Hole. The inventory marketplace reacted undoubtedly after Powell`s speech, attaining close to report highs. However, investors had been nevertheless amazed due to the fact Powell's speech went past what they expected. The Fed is probably to reduce costs with the aid of using 25 bps in September, and probably even 50 bps, relying on how the August jobs document performs out.
More importantly, the transition from monetary stimulus to economic stimulus has despatched bond yields plunging, down eighty bps considering Hartnett commenced recommending bond shopping for in May.
While retail income may also have multiplied in nominal terms, they've slightly grown in actual terms—that is, after eliminating the effect of inflation—which shows a weakening in client spending and spending withinside the present day monetary environment.
XAU continues to increase in the coming timeGold Just Overtakes EUR to Become World's Second-Largest Reserve Asset
Fed Prepares to Cut Rates. Meanwhile, gold has risen to become the world's second-largest reserve asset, surpassing EUR, thanks to strong demand from central banks.
Investors Surprised by Dovish Speech at Jackson Hole. Stocks reacted positively to Powell's speech, hitting near record highs. However, traders were still surprised by Powell's speech, which went beyond what they expected. The Fed is likely to cut rates by 25 bps in September, and could even cut by 50 bps, depending on how the August jobs report goes.
More importantly, the transition from fiscal stimulus to monetary stimulus has sent bond yields plunging, down 80 bps since Hartnett started recommending bond buying in May.
EURUSD: Huge Demand Zone Ahead!🇪🇺🇺🇸
EURUSD is currently retracing to a recently broken major daily demand zone.
I believe that the pair will have a nice potential to start growing from that
and reach 1.124 level - the next significant resistance.
Let the market complete the correction and look for buying then.
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GBPUSD / TRADING ABOVE TURNING LEVEL - 4HGBPUSD
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above turning level at 1.292 .
Turning Level: The price is currently trading above this level around 1.292. 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 1.283 , 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 1.292. If the price reaches 1.283 , 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 1.275 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 1.266 .
Resistance Level (1): As long as the price remains above the turning level of 1.292 , it suggests a rising towards 1.303 . 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 1.310 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 1.316 .
Channel Trend: the prices trading inside the channel .
TARGET LEVEL :
RESISTANCE LEVEL : 1.303 , 1.310 , 1.316 .
SUPPORT LEVEL : 1.283 ,1.275 , 1.266 .
USDJPY ( INSIDE ACCUMULATION ZONE ) - 4H USDJPY - 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 145.490 .
Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 145.490 turning level , it is likely to move upward toward the resistance levels of 147.677 and then 150.861.
Downward Condition : To reach the 144.073 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 145.490. If it stabilizes below support level (1) , a further decline toward the support level (2) at 142.268 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 147.677 .
RESISTANCE LEVEL (2) : 150.861 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 144.073 .
SUPPORT LEVEL (2) : 142.268 .
TURNING LEVEL : 145.490 .
USDCAD / BREAKOUT ASCENDING CHANNEL - 4H USDCAD / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 1.360 .
Downward Condition : With the price holding steady at the current turning level at 1.360 , it is likely to decline towards the support level of 1.354. If it stabilizes below this level, it could then reach the next target level of 1.350 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.360, leading to a rise toward the resistance level (1) at 1.369 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.376 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.369 .
RESISTANCE LEVEL (2) : 1.376 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.354 .
SUPPORT LEVEL (2) : 1.350 .
TURNING LEVEL : 1.360 .
AUDUSD: Pullback From Resistance 🇦🇺🇺🇸
AUDUSD may keep retracing from a key daily structure resistance.
The price formed a cup & handle formation on that on an hourly time frame
after the market opening.
Its neckline was broken during the Asian session.
The pair may reach 0.6263 support soon.
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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$ .
XAU will continue to increase in the coming timesaid the gold market is focused on the Fed's interest rate cut. Since the beginning of the year, gold prices have increased by more than 20%, as investors expect the Fed to cut interest rates soon.
"Gold prices are still rising despite high interest rates. Data shows that gold prices have been stable for a long time even before the Fed did not cut interest rates
When interest rates decrease, gold tends to increase. Investors see this as a tool to hedge against inflation.
The strong gold market is also thanks to central banks actively buying to reduce dependence on the USD. This positively supports gold prices to reach new peaks.
New week starting gold down and next gold 2490 strong bullish XAUUSD support 2490 and target 2550
Strong bullish opportunity very to much higher
several making new recovery highs late in the week As reported in three special stock market update reports this past weeks the strong 2 week rally following the
GBPUSD first selling target and next all bullish target let's seGBPUSD s rally accelerated higher last week and the break of resistance confirms larger up trend resumption Initial bias remains on the upside this week for 100% projection of On the downside below minor support will turn intraday bias neutral and bring consolidations before staging another really