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Xauusd-strategy

EURUSD: Retracement Awaiting the Fed!The EUR/USD currency pair continues to experience downward pressure, remaining below the 1.0550 level during the American trading session on Thursday. This is due to the sustained strength of the USD, which is impacting the pair following the latest US data release. The data showed that the annual Consumer Price Index (CPI) inflation in the US remained steady at 3.7% in September, surpassing the expected 3.6%. The daily chart for the EUR/USD pair indicates an ongoing decline, as the pair is sliding below the bearish 20-day Simple Moving Average (SMA). Technical indicators have also turned downwards and are within negative levels, suggesting that any bullish corrective movements have likely concluded. In the short term, the 4-hour chart shows a similar pattern. EUR/USD is on the verge of breaking below a slightly bearish 100 SMA, having already dipped below the 20 SMA. Additionally, technical indicators are rapidly decreasing, approaching neutral levels. The pair has an immediate support level at 1.0560, and a more significant decline is expected once it drops below this level. The EUR/USD pair reached its peak at 1.0639 during the London trading hours but stabilized around the 1.0610 price range just before the release of the United States (US) Consumer Price Index (CPI). The overall market sentiment was positive, with substantial gains seen in stock markets and ongoing declines in government bond yields leading up to the announcement. In the latest US reports, it was noted that inflation had increased by 0.4% on a monthly basis in September and rose by 3.7% from the previous year, exceeding expectations. The annual core CPI was in line with expectations at 4.1%, showing a slight decrease from the previous 4.3%. Concurrently, the US released Initial Jobless Claims for the week ending October 6, totaling 209K, slightly better than the anticipated 210K. This news led to a strengthening of the US Dollar, given the higher inflation and a tight labor market, making a case for the Federal Reserve (Fed) to maintain its current stance. Following these data releases, US government bond yields saw an increase, reflecting investor concerns, while Wall Street futures experienced a slight decline. Consequently, the EUR/USD pair dropped to the 1.0570 price range, losing its previously positive position.
Long
by EdgeTradingJourney
3
Gold Next Move ( High or Low ? )TVC:GOLD fell to near 7-month lows Thursday as traders pushed the yellow toward mid $1,800 levels in a decisive break from the $1,900-an-ounce support decimated in the prior session. Gold’s collapse below the $1,900 level has opened the door for technical selling towards the $1,870 region,” added Moya. :”If global bond yields are heading higher despite expectations that inflation will come down, current market positioning could allow a gold plunge towards the $1,800 region. So my opinion about short term , the yellow metal OANDA:XAUUSD will retest to 1887 zone then we will see if he breaks the resistance line or reject it .
TVC:GOLDLong
by ZumixFX
4
EURUSD Short trade after news!On EURUSD, we have a bearish setup supported by a strong H1 trendline which started this morning after a price retracement following yesterday's negative news from the Eurozone. I've highlighted a yellow area where the price could retrace before pushing lower again. Of course, I haven't entered the trade since we will have US Dollar data in a few minutes, and I preferred not to take the risk. My setup involves entering in the range of 1.06-1.07 with a target at the H4 swing low level of 1.0796. My stop will be at the swing high level of 1.0880. Happy trading to all!
Short
by EdgeTradingJourney
1
EURUSD Long trade with FVG + VWAPOn EUR/USD, we have a bullish setup with the price showing initial signs of weakness around the 1.0895 level. In fact, after testing the descending trendline twice on the hourly chart (H1) and forming two spikes without breaking it, the price reversed downwards. Now, I'm anticipating a move towards the 1.0880 area, where we have a Fibonacci confluence (FVG), and where the price could pivot to retest the H4 swing high at the 1.0934 level. In the FVG area, I will wait for a double confirmation on the 15-minute chart (M15) before entering. Feel free to share your opinion; we would be more than satisfied to hear it. Nicola the CEO of Forex48 Trading Academy
Long
by EdgeTradingJourney
1
EUR/CAD BULLISH TRADE - TRADE IDEA H1On EUR/CAD, we have a bearish setup following the PMI data in the Eurozone. The market is approaching the level of 1.4570, where we have a Forex48 block, indicating a potential reversal zone. If we receive valid confirmations on the M15 timeframe, a long position could be considered with a target at 1.47, aiming to capitalize on the inefficiency created by today's news. Best regards and happy trading from Nicola, CEO of Forex48 Trading Academy.
Long
by EdgeTradingJourney
1
EUR/CAD DOUBLE SHORT ENTRY SETUPS H1On EURCAD, we have a bearish setup with the price forming a supply zone yesterday during the American session, effectively creating a FOREX48 BLOCK and an FVG (Force Vector Group). In the first case, if there is a re-test of the 1.4690 level, we could look for confirmations for a short trade. In the second case, the FVG in the 1.4680 area, where, with confirmation on the H1 and M15 timeframes, we could look for a short trade. We enter with a target at 1.4560. Let me know your thoughts in the comments. Happy trading to everyone and have a great day from Nicola, the CEO of Forex48 Trading Academy.
Short
by EdgeTradingJourney
4
GBPUSD LONG TRADE AFTER NEWSOn GBPUSD, we have a bullish setup based on today's Sterling data. I already have a short trade on this pair following another strategy, in which I'm exposed by 0.5%. In this long position, I'm exposed by 1% as it follows an additional strategy. However, I will close or cut the losses on this position if the entry candle, or the 10 candle, closes below the support level of 1.2616. Otherwise, I will keep it open and we will see how the situation evolves this afternoon with the US data. It would be fantastic if you shared your opinion and left a like to support our work. Happy trading to everyone! Danicola, CEO of Forex48 Trading Academy.
Long
by EdgeTradingJourney
1
XAUUSD SHORT BEFORE FED RATESOn gold, we have a price that, after reaching the 1965 zone within a supply zone, reversed its course due to the significant volume present in the area. Now, the price has started to decline, and a target is expected around the 1946 zone, where there is a high concentration of orders and a demand zone at the 1943 level. Therefore, currently, we have a profitable short trade. Share your perspective. Wishing everyone successful trading, Nicola, CEO of Forex48 Trading Academy.
OANDA:XAUUSD
by EdgeTradingJourney
GOLD - Long after filling the imbalance ✅Hello traders! ‼️ This is my perspective on XAUUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance and then to reject from 1990. Fundamental analysis: Next week we have news on USD, on Wednesday will be released CPI and on Thursday PPI, these 2 are very important news, so we have to pay attention to the results. Like, comment and subscribe to be in touch with my content!
OANDA:XAUUSDLong
by Snick3rSD
2
gold mothly say : it like go up and 50% pullback 1-from gold weekly and monthly chart we can see gold main trend is +up ,it love buy and up trend ,,, when it 500point go down then 1000point go up 2-when analyse fibo we can see in high time frame like weekly and monthly chart ,when it fly up pull back to fibo 50%, see green arrow exactly 3-AC accelerator oscillator indicator in monthly chart turn green this show if low not break big +up trend will come can go to 1900 then to 2400 , FIBO 161 SHOW 2400 FOR UPPER TARGET 4-on gold chart 1920 support is king of supports !!!! in future months we will see 1920 support too much strongly we advice 90% looking for buy and be careful from sell, always put SL on high ,break high on gold mean +up trend will start good luck
FX:XAUUSDLong
by ramin_trader2006
1
gold 4 hour : are you ready for buy gold?2 place i will buy gold 1731 and 1722 with SL1714 then will hold them 7-8 day technical say gold 1st target is 1840 and then 2st target is near 1900 ,fibo61 daily so dont close your buy soon, after 10.00 point move SL to open price and let it go 7-8 day bad scenario :if news come and gold break 1715 can go down to 1682, i will buy again there when gold start go up dont pick reverse sell understand? reverse sell on gold is very dangrous , only under red arrow we can pick very low size sell after sell pinbar come with sl on pinbar high good luck , if posation win please send me 10$ CHEER from my profile i can buy tradingview subescribtion,becouse i am in iran and for sanctions icant buy myself , thanks www.tradingview.com
FX:XAUUSDLong
by ramin_trader2006
5
gold 1hour: if you dont have open sell , put sellstop in lowmy sell still open from high ,,, if you dont have sell,you can put sell stop in low if gold go up on news near fibo 61 after pinbar come on higher time pick sell let look gold futures daily candels and AC indicator and big banks net order on gold futures COT data good luck see you in 1730 if you are in mobile always use google chrome / desktop view then you can zoom in zoom out pro trader never use mobile for trade, in mobile you cant see many detail,support,pinbar and will harm you , i never install trade app or metatrader in mobile , windows desktop is best for trade www.tradingview.com
FX:XAUUSDShort
by ramin_trader2006
1
gold 4hour: do you remember i draw this butterfly in low 1622 ?now technical say we have powerful sell why? AC indicator daily turn red ,if high not break meqan downtrend will start soon big trend line touch in high butterfly pattern sell signal for pick buy dont hurryup ok? wait 1730 area and pinbar on 1h-4h-daily chart , sl in pinbar low like always if you have old sells,you must close all in 1730 i predict gold downtrend end and we are in 1s wave of up trend , gold can go to 1920 then 2300 dollar in 2023 so be careful from pick sell wish you win stand in very low size ,,, in trade levrage above 1-20 and big size =margin call soon or late best size i use for trade gold and index is per 10.000 dollar balance max 0.1 lot
FX:XAUUSDShort
by ramin_trader2006
gold daily for coming week : 1800 we can sell after pinbar let see gold futures candel and AC indicator AC near switch to red but still can give 1-2 green then turn red i think near SMA200 is buyer target , i will close my buy from low 1620 there and after pinbar come I will pick sell with sl on pinbar high if gold break big trendline and sma200 door will open for 1900: fibo 61 if you have old sell you must wait gold go up to 1800 and back to 1735 you must close them and buy wish you win , be careful from sell on gold ,gold and index love buy,go up
FX:XAUUSDShort
by ramin_trader2006
gold daily long term view: 1500 or 1800?1-weekly and monthly chart still show left fibo 61%= 1500 area as target 2-breaking 3angel in right side show 1800 and 1900 and for very long term 2300(fibo 161) be careful in coming days gold can range and zigzag in 1650-1680 area near arrows i will pick position and hold them 3-4 week for big profit www.tradingview.com note: dont use Ichimoku indicator on gold , it can harm you and hide for your eye important supports wish you win , on gold for pick posation like always wait clear pinbar comes and put sl in pinbar low/high eat 50-60 percent SL is normal in trade
FX:XAUUSD
by ramin_trader2006