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#xauusd Outlook In September 2023 gold lost 5% after breakdown and bottomed by day 9, but the entire decline recovered within 2 weeks. gold rallied 19% within 2 months. I expect gold to extend the decline until $1,920, from where to run all the way to $2,300.
#EURUSD Strong uptrend but the Pair will soon hit a horizontal Resistance level of 1.1016 From where I expect a local bearish correction Because pair is overbought
Sell around 1.1016 level, with a target around 1.0985-67 level.
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Today we have Major Data in the Market:
- CHF Interest rate decision
- GBP Interest rate decision
- USD Jobless Claim
- USD Retail Sales
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Yesterday #FOMC#GOLD signal booked 500 pips profit, and the client made $487 profit in the account.
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Today we have high-impact news in the market, traders carefully observe the #US CPI data and trade with stop loss.
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Sometimes #NFP trigger an opposite reaction than what the market expects.
If NFP exceeds expectations but Average Weekly Earnings fall short, the market may interpret it as deflationary despite the potentially inflationary NFP result.
Traders should trade carefully in NFP data
Stock futures in the US swung around the flatline to kick off the December month, after posting strong gains in November, as traders await the ISM Manufacturing PMI and an appearance by Chair Powell at Spelman College in Atlanta.
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#Tesla
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#xauusd#gold#GBPJPY#GBPUSD#DXY
Today's Market has High Impact News:
CHF - GDP Data
USD - FED Chairmen Powell Speech
USD - ISM Manufacturing PMI
CAD - Unemployment Data
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#xausud#gold#forex#forextrading
#EURUSD broke the key horizontal level of 1.095 and then went down to retest it and as we are bullish biased we will be expecting a bullish continuation.
Buy setup with target 0.0975-0.1019.
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#GBPUSD#EURJPY#Europe
Yesterday profit on a client account.
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#xauusd#gold#DXY#EURUSD#GBPUSD#USDJPY#EURJPY
#GOLD is now getting closer to its all-time high of US$ 2,079 per troy ounce. that there is an almost 50% probability that the Fed will cut interest rates in May 2024.
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