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2023.6.21 Daily European Perspective GBP long-short competition2023.6.21 Daily European Perspective GBPUSD is showing a long-short competition! Hello, I'm Older Duan. Today is Wednesday, June 21 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index has competed for positions below the daily level 55MA in the last three trading days! Now, let's look at gold. Now you can see the daily chart of gold. The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square! As shown in the figure, gold once again broke through the daily level 144MA (1936.42 US dollars) yesterday, and today it is engaged in a long short competition near this position! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this position, bulls dominate; Below this position, bears dominate! Let's take a look at American crude oil. What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination! As shown in the figure, yesterday's daily closing of US crude oil showed a larger level of cross star, indicating an intensification of long and short competition! Then, in the following days today, the recent bottom to top golden section of 1.000 ($71.68) will be taken as the important Bitwise operation of the day! Above this point, bulls dominate; Below this point, bears dominate! Let's look at EURUSD. What you can see now is the daily chart of EURUSD. The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square! As shown in the figure, the daily closing of the euro against the US dollar showed a larger level of cross star pattern yesterday, indicating an intensification of long short competition! Then, in the future period of this day, take today's opening price (1.09189) as the important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate! Finally, let's take a look at GBPUSD. Now you can see the daily chart of GBPUSD. The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square! As shown in the figure, the pound US currency showed a long down shadow against yesterday's daily line, and today's daily line is currently showing a long up shadow, which is a sign of the standard relatively high triangle arrangement pattern! So for the continuation period today, just use today's opening price (1.27646) as an important point for the day! Above this position, bulls dominate; Under this position, bears dominate! Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period! Special reminder,Today is Wednesday, as Monday is a legal holiday in the United States, the regular data market has been compressed to tomorrow, so tonight's market will go out of the expected trend! Please pay attention to the risks! Im Older Duan. Wish you happy win . Goodbye!
by Think_More
Navigating the Golden Realm❣️"Unveiling Secrets of the Gold Market for Traders" Welcome to the captivating world of the gold market, where you as (new) trader embark on a metaphorical journey filled with price movements , trends , and profitable opportunities . In this comprehensive guide , i will delve into the intricacies of trading gold, empowered with knowledge that will enhance trading strategies. From deciphering patterns to understanding correlations , i will unlock the secrets of the golden realm, equiped with the confidence to make informed decisions. So fasten your seatbelts and get ready to navigate through the twists and turns of this enchanting market. Range Trading - The Breakfast Feast Picture yourself at a lavish breakfast buffet, where a wide array of options tempts your taste buds. Similarly, range trading in the gold market offers a delectable spread of trading opportunities. By identifying key support and resistance levels , you can effectively navigate within a defined price range. Just as you would choose from a buffet, traders can enter buy positions near support and sell positions near resistance. Deciphering Trends - The Path to Success In the golden realm, trends serve as beacons of guidance for traders. Analyzing price movements over time helps uncover valuable insights into the direction of the market. By identifying uptrends, downtrends, or sideways trends , strategies can be aligned accordingly. Utilizing tools like moving averages and trend lines, may create a clearer picture of the market's path, allowing you to ride the waves of success. Breakouts - Seizing the Golden Moments Just as a phoenix rises from the ashes, breakouts in the gold market signify the birth of new opportunities. Breakouts occur when the price breaches a significant resistance or support level, often indicating a shift in market sentiment. Trades will be positioned to take advantage of these golden moments by entering in the direction of the breakout. However, it is crucial to denote confluences and employ proper risk management techniques or wait for confirmation before diving into the fray. Correlations - Unveiling Hidden Connections The gold market is not an isolated realm; it is intricately connected to other financial markets. Understanding correlations between gold and other assets can provide valuable insights. For instance, a negative correlation with the U.S. dollar may indicate that a weaker dollar could lead to increased gold prices. By monitoring these relationships and recognizing their impact, you can make more informed decisions and maximize profit potential. Retesting - A Second Chance In the golden realm, opportunities often come knocking twice. Retesting occurs when a price level that was previously broken acts as a new support or resistance. Traders can capitalize on retests by entering positions in the direction of the original breakout. This phenomenon can provide a second chance to those who missed the initial move or wish to reinforce their existing positions. By identifying and evaluating retesting scenarios, you will enhance your trading strategy and seize these hidden but well-known opportunities. ☆ As we conclude this journey through the golden realm, you could now posses a deeper understanding of the gold market's intricacies. By embracing range trading , deciphering trends , seizing breakout moments , unraveling correlations , and recognizing retesting opportunities , you can navigate this enchanting market with confidence. Armed with technical indicators, pattern analysis, and an awareness of session transitions, you will unlock the potential for profitable opportunities. So, fellow aspiring traders, step into the foreign exchange golden realm armed with knowledge and embark on your path to success, b e ready to make informed decisions and claim your share of the golden treasures. HappyTrading 🤠 J
OANDA:XAUUSDEducation
by ATU_TAD
2
Gold Selling Zone 23~ May2023Gold Selling Zone 1973. 1980. 1992. 2017. 2037. 2055. Technical Overview From a technical perspective, some follow-through selling below the $1,950 region will be seen as a fresh trigger for bearish traders and expose the 100-day Simple Moving Average (SMA), currently pegged near the $1,931 zone. Failure to defend the said support will make the Gold price vulnerable to accelerate the slide further towards testing the $1,900 round-figure mark. On the flip side, the ongoing recovery back above the $1,970 horizontal support breakpoint is more likely to attract fresh sellers near the $1,982-$1,984 region. This, in turn, should cap Gold price near the $2,000 psychological mark. That said, a sustained strength beyond could lift the XAU/USD towards the next relevant hurdle near the $2,011-$2,012 region. Fundamental Overview Gold price remains under some selling pressure for the second successive day on Tuesday and drops back closer to its lowest level since early April during the early European session. The XAU/USD currently trades around the $1,960 area, down over 0.60% for the day, and is pressured by a modest US Dollar (USD) strength.
OANDA:XAUUSDShort
by OrkEye
XAUUSD | Trade Idea The XAU/USD pair shows a weak growth, again testing the psychological level of 2000.00 for a breakout. At the end of last week, gold quotes showed a sharp decline, retreating from their record highs of March 2022, falling under the influence of technical factors and a new phase of strengthening of the US currency. In addition, traders expect further tightening of monetary policy by the world's central banks in early May. In particular, the US Federal Reserve, the European Central Bank (ECB) and the Bank of England are likely to raise interest rates again. The pressure on the position of gold is also exerted by the fact of the growth in the yield of US Treasury bonds: the 10-year bonds corrected the day before from 3.522% to 3.595%. Today, the focus of investors will be American statistics on the dynamics of Housing Starts in March, where forecasts suggest a slowdown from 1.45 million to 1.40 million, and the Housing Starts Change may fall from 9.8% to 0.4%.
FOREXCOM:XAUUSDShort
by DynamicCapital-FX
1
GOLDWelcome . Gold is negative. Especially with a strong support breakout. 1825. Which indicates the weakness of the bulls and the continued dominance of the bears. There are more declines in the coming days. During tomorrow's trading session, the bears may press down and lead to more selling and push gold futures contracts towards the next support level at 1800. It is a very strong support. The second scenario is the collapse of gold to retest it. model. Double top or bottom
CAPITALCOM:GOLD
by inv_market09
11
USOIL OUTLOOKWith NFP adding 257k jobs last week Friday the greenback increased by 1.23% which correlated to further oil decline after supply stood their ground a week prior. As price approaches a major support level at 73.58, a rejection would see buys towards 76.70-77.43 range if price fails to break 72.43 If 73.58 holds as a major resistance and price breaks 72.43, I see selling opportunity towards demand level at 70.00 where I would be anticipating for further decline or a rejection. TVC:USOIL
TVC:USOIL
by Hybe7e
InvestMate|GOLD Time to make a profit🥇🥇GOLD time to make a profit 🥇Post is a continuation of my post on gold in which I announced a correction: 🥇This time it is time for an update and in my opinion we will continue the decline. 🥇I set the support zone by the 0.382 level of the whole upward wave. 🥇I determined the resistance zone based on past price reactions. 🥇There are 2 scenarios that can play out in this case. 🥇1. Continuation of the decline to the support zone 🥇2. Waiting for a retest of the resistance zone and joining the declines to the support zone at this point 🥇*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
OANDA:XAUUSDShort
by InvestMate
2