🔘 The most important technical points for GOLD, December 27!
🔸2073
▪️2065
🔹2061
🔹2058
🔹2054
✍🏻 As expected, the market is experiencing very low depth, which is why gold can display movements purely in response to technical points. The most important points that can act as temporary supports and operate on an intraday basis are mentioned. While the economic calendar is also free of news, announcements, increased tensions, and other factors can easily serve as catalysts.
(🔸Resistance 🔹Support ▪️Current Price)
#GOLD 🌟
🔸2073
▪️2065
🔹2061
🔹2058
🔹2054
✍🏻 As expected, the market is experiencing very low depth, which is why gold can display movements purely in response to technical points. The most important points that can act as temporary supports and operate on an intraday basis are mentioned. While the economic calendar is also free of news, announcements, increased tensions, and other factors can easily serve as catalysts.
(🔸Resistance 🔹Support ▪️Current Price)
#GOLD 🌟
🔘 Reviewing prices for crude oil!
🔸Significant resistance levels 👇🏼
🔸75.90
🔸76.40
🔸Significant support levels 👇🏼
🔸74.30
🔸73.50
◾️Cash level 74.70
🔹Price action points for crude oil on the 4-hour and daily timeframes
🔸Support 67.92
🔸Resistance 79.60
✍🏻 As long as the crude oil price remains above 73.80, the trend is considered upward. An corrective movement will occur when the price confirms below this figure.
#WTI 🛢
🔸Significant resistance levels 👇🏼
🔸75.90
🔸76.40
🔸Significant support levels 👇🏼
🔸74.30
🔸73.50
◾️Cash level 74.70
🔹Price action points for crude oil on the 4-hour and daily timeframes
🔸Support 67.92
🔸Resistance 79.60
✍🏻 As long as the crude oil price remains above 73.80, the trend is considered upward. An corrective movement will occur when the price confirms below this figure.
#WTI 🛢
Algo Traders
🔘 Key Technical Levels for Gold, December 20th! 🔸2075 🔸2060 🔸2050 ▪️2040 🔹2036 🔹2025 🔹2012 ✍🏻 For December 20th, the crucial range for gold is 2035. As long as we stay above this level, the targets of 2050 and 2065 are within reach. Maintaining the range…
⭐️⭐️⭐️ Check out this GOLD analysis ⭐️⭐️⭐️
I published this analysis before, now take look at GOLD chart and compare it with my previous analysis. While many traders are enjoying their vacation we are seeking profitable opportunities in the market at the very last days of 2023.
GOLD reached 2080 $ today, the following post is another achievement of my new trading strategy.
I published this analysis before, now take look at GOLD chart and compare it with my previous analysis. While many traders are enjoying their vacation we are seeking profitable opportunities in the market at the very last days of 2023.
GOLD reached 2080 $ today, the following post is another achievement of my new trading strategy.
⚠️ Passed a New FTMO Challenge ⚠️
I passed a new FTMO 50K challenge with my new strategy. I traded GOLD and most of the profit was based on catching a powerful GOLD uptrend in the past two weeks.
Check the following link:
https://trader.ftmo.com/metrix?share=971545be4fa4&lang=en
I passed a new FTMO 50K challenge with my new strategy. I traded GOLD and most of the profit was based on catching a powerful GOLD uptrend in the past two weeks.
Check the following link:
https://trader.ftmo.com/metrix?share=971545be4fa4&lang=en
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⚠️ FTMO Challenge Passed ⚠️
Read the following post if you want to get detailed information about the recent FTMO challenge that I have passed.
https://www.mql5.com/en/blogs/post/755580
Read the following post if you want to get detailed information about the recent FTMO challenge that I have passed.
https://www.mql5.com/en/blogs/post/755580
Mql5
Passed 50K FTMO Propfirm Challenge in Just 3 Days with My Trading Strategy
🎉 ** Conquering the 50K FTMO Challenge!** Hey Traders! 🚀 I am thrilled to share some exciting news with you. Recently, I successfully passed the 50K FTMO challenge, and I am beyond grateful for this
🔘 Key Technical Points for Gold on Thursday, January 4, 2024!
🔸 2069
🔸 2061
🔸 2047
▪️ 2048
🔹 2026
🔹 2010
✍🏻 Gold is still in a corrective cycle. The most important resistance levels for Gold today, January 4, are 2047 and 2067. Confirmation above 2047 will depend on the market sentiment towards Gold improving today. Otherwise, the mentioned support levels could serve as intraday targets for Gold's movement.
(🔸Resistance 🔹Support ▪️ Current Price)
#GOLD
🔸 2069
🔸 2061
🔸 2047
▪️ 2048
🔹 2026
🔹 2010
✍🏻 Gold is still in a corrective cycle. The most important resistance levels for Gold today, January 4, are 2047 and 2067. Confirmation above 2047 will depend on the market sentiment towards Gold improving today. Otherwise, the mentioned support levels could serve as intraday targets for Gold's movement.
(🔸Resistance 🔹Support ▪️ Current Price)
#GOLD
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🔴Economic Calendar - January 4, 2024
⭐️⭐️⭐️ German Consumer Price Index (CPI) (Month-over-Month) (Dec) 🇩🇪
This data measures changes in the prices of goods and services from the perspective of German consumers. Given the trend observed in 2023, it is expected that the data will be lower than the previous figure, potentially having a negative impact on the Euro (EUR).
⭐️⭐️⭐️ ADP Nonfarm Employment Change (Dec) 🇺🇸
This data assesses the estimated change in the number of employed people in the past month, excluding the agricultural and government sectors. It is anticipated that the data for the new year will be higher than the previous figure, which could have a positive impact on the US Dollar (USD).
⭐️⭐️⭐️ Initial Jobless Claims 🇺🇸
This data measures the number of individuals who filed for unemployment insurance for the first time in the past week. A lower-than-expected figure is anticipated, which could have a positive impact on the US Dollar (USD).
⭐️⭐️⭐️ German Consumer Price Index (CPI) (Month-over-Month) (Dec) 🇩🇪
This data measures changes in the prices of goods and services from the perspective of German consumers. Given the trend observed in 2023, it is expected that the data will be lower than the previous figure, potentially having a negative impact on the Euro (EUR).
⭐️⭐️⭐️ ADP Nonfarm Employment Change (Dec) 🇺🇸
This data assesses the estimated change in the number of employed people in the past month, excluding the agricultural and government sectors. It is anticipated that the data for the new year will be higher than the previous figure, which could have a positive impact on the US Dollar (USD).
⭐️⭐️⭐️ Initial Jobless Claims 🇺🇸
This data measures the number of individuals who filed for unemployment insurance for the first time in the past week. A lower-than-expected figure is anticipated, which could have a positive impact on the US Dollar (USD).
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❇️ Is the Gold Trend Upward?
🔹 Gold faced fluctuations last week, but amid improved US dollar and slightly higher bond yields, gold returned to its lowest level on Friday.
🔸 However, the long-term outlook is bullish as central banks plan to lower interest rates in 2024 due to global inflation, supporting the value of gold.
🔹 Contradictory signals from job data and the ISM services PMI report released on Friday have created some ambiguity in the markets.
🔸 This week's calendar is somewhat weak until the release of US CPI data on Thursday.
🔹 Nevertheless, with the Federal Reserve lowering interest rates this year, and other central banks likely to follow suit, inflationary pressures globally are likely to ease, initiating a cycle of interest rate reduction.
🔸 With a deeper progression in 2024, global inflationary pressures are expected to decrease, initiating a cycle of interest rate reduction.
#GOLD #CPI
🔹 Gold faced fluctuations last week, but amid improved US dollar and slightly higher bond yields, gold returned to its lowest level on Friday.
🔸 However, the long-term outlook is bullish as central banks plan to lower interest rates in 2024 due to global inflation, supporting the value of gold.
🔹 Contradictory signals from job data and the ISM services PMI report released on Friday have created some ambiguity in the markets.
🔸 This week's calendar is somewhat weak until the release of US CPI data on Thursday.
🔹 Nevertheless, with the Federal Reserve lowering interest rates this year, and other central banks likely to follow suit, inflationary pressures globally are likely to ease, initiating a cycle of interest rate reduction.
🔸 With a deeper progression in 2024, global inflationary pressures are expected to decrease, initiating a cycle of interest rate reduction.
#GOLD #CPI
🔘 Key Technical Points for Gold - January 9, 2024!
🔸 2054
🔸 2044
▪️ 2033
🔹 2030
🔹 2013
🔹 2000
✍🏻 Gold found good support from the 2020 range. Currently, the most important figure today is 2030. Staying above this range will guide gold back towards support levels. Liquidity is currently awaiting confirmation from calendar data for entry into gold.
(🔸Resistance 🔹Support▪️Current Price)
#GOLD
🔸 2054
🔸 2044
▪️ 2033
🔹 2030
🔹 2013
🔹 2000
✍🏻 Gold found good support from the 2020 range. Currently, the most important figure today is 2030. Staying above this range will guide gold back towards support levels. Liquidity is currently awaiting confirmation from calendar data for entry into gold.
(🔸Resistance 🔹Support▪️Current Price)
#GOLD
🔴 Important News on Tuesday in the Forex Market:
Economic Calendar - January 9, 2024
⭐️⭐️ Tokyo Core Consumer Price Index (YoY) (Dec) 🇯🇵
In this data, the change in prices of goods and services purchased by consumers in Tokyo, excluding fresh food, is measured. It is expected that this figure will be lower than previous numbers, potentially weakening the Japanese yen.
⭐️⭐️ Eurozone Unemployment Rate (Nov) 🇪🇺
The unemployment rate is expected to remain similar to previous figures, with little impact on the euro.
📌 Additionally, other data will be released that may have short-term effects on the market, including the trade balance and imports and exports of the United States and Canada.
Economic Calendar - January 9, 2024
⭐️⭐️ Tokyo Core Consumer Price Index (YoY) (Dec) 🇯🇵
In this data, the change in prices of goods and services purchased by consumers in Tokyo, excluding fresh food, is measured. It is expected that this figure will be lower than previous numbers, potentially weakening the Japanese yen.
⭐️⭐️ Eurozone Unemployment Rate (Nov) 🇪🇺
The unemployment rate is expected to remain similar to previous figures, with little impact on the euro.
📌 Additionally, other data will be released that may have short-term effects on the market, including the trade balance and imports and exports of the United States and Canada.
🔘 Cash Absorption Chart
🔹 Potential Cash Absorption (Major Currencies, Gold, and Oil) - January 9, 2024
🔹 The larger the number on the chart, the greater the capacity of the respective currency (considering all fundamental and sentiment factors) to absorb cash and grow for the day (and vice versa).
🔹 Given that price changes in the market often move towards price equilibrium based on events that occur, one crucial aspect of this chart is comparing its daily changes with its previous days.
🔸 A chart number above 25 indicates potential absorption and upward growth.
🔸 A chart number in the range of (25-10) indicates weak potential absorption and upward growth, and conversely for negative ranges.
✍🏻 The market is in a dilemma with the economic data of the United States. In this situation, the situation of gold can be followed very cautiously. The yield rate of bonds is crucial and strongly influences the movements of gold and the dollar.
🔹 Potential Cash Absorption (Major Currencies, Gold, and Oil) - January 9, 2024
🔹 The larger the number on the chart, the greater the capacity of the respective currency (considering all fundamental and sentiment factors) to absorb cash and grow for the day (and vice versa).
🔹 Given that price changes in the market often move towards price equilibrium based on events that occur, one crucial aspect of this chart is comparing its daily changes with its previous days.
🔸 A chart number above 25 indicates potential absorption and upward growth.
🔸 A chart number in the range of (25-10) indicates weak potential absorption and upward growth, and conversely for negative ranges.
✍🏻 The market is in a dilemma with the economic data of the United States. In this situation, the situation of gold can be followed very cautiously. The yield rate of bonds is crucial and strongly influences the movements of gold and the dollar.
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Check out our new Instagram post. If you need more information send me direct message
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Economic Calendar 11th January 2024
⭐️⭐️⭐️ Core Consumer Price Index Core CPI (MoM) (Dec) 🇺🇸
This report monitors the changes in the prices of goods and services without considering food and energy. According to recent figures, the probability of publishing the same figures as the previous ones (0.3) is higher than other options.
⭐️⭐️⭐️ Consumer Price Index CPI (MoM) (Dec) 🇺🇸
This report provides the changes in the prices of goods and services from the consumer’s perspective. According to recent data, there is a possibility of publishing higher figures than the previous statistics and having a positive impact on the US dollar.
⭐️⭐️⭐️ Initial Jobless Claims in the US Initial Jobless Claims 🇺🇸
For this report, it is predicted that the numbers will be higher than the previous report, which may lead to the weakness of the US dollar.
⭐️⭐️⭐️ Core Consumer Price Index Core CPI (MoM) (Dec) 🇺🇸
This report monitors the changes in the prices of goods and services without considering food and energy. According to recent figures, the probability of publishing the same figures as the previous ones (0.3) is higher than other options.
⭐️⭐️⭐️ Consumer Price Index CPI (MoM) (Dec) 🇺🇸
This report provides the changes in the prices of goods and services from the consumer’s perspective. According to recent data, there is a possibility of publishing higher figures than the previous statistics and having a positive impact on the US dollar.
⭐️⭐️⭐️ Initial Jobless Claims in the US Initial Jobless Claims 🇺🇸
For this report, it is predicted that the numbers will be higher than the previous report, which may lead to the weakness of the US dollar.