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GOLD TRADE IDEA 06 JANUARYGOLD FUNDAMENTAL & TECHNICAL ANALYIS 06 JANUARY. Earlier this week we had better Jolt's job opening data and then Better ADP data & Better PMI data , reduced jobless claims Hawkish FED , DXY breaking above 105 making, Things are looking good for dollar hence bearish for gold , stocks , & XXXUSD pairs. Main today will remain on Non Form payroll & Unemployment rate and then ISM service PMI. So far with already released data , like ADP data , jobless claims & Jolts Job opening, it looks like the labor market is still solid. based on data released we are expecting better unemployment rate / and NFP numbers. So we are adopting to bearish bias in gold , indices & in XXXUSD pairs as DXY already came up on +VE side trading above 105.00 & Gold failed break above 1865 , Trade setup in gold today. Pullback sells @ 1841 , & 1844. Safer sells below 1828 & 1820 Further movement is depending upon the NFP & UnemplOyment rate and we will adopt to our main bias accordnigly Any break above 1848 & 1852 we will be adopting gold buys which should be fueled by any fundamental catalyst like BAD NFP & unemployment data. Happy NFP Day everyone ;-) Written By - Richard Market Researcher FX overseas
OANDA:XAUUSD
by Fxoverseas
$EUR - Trade idea!$EUR - Trade idea! It's been a quiet start, we had a little bullish momentum in dollar brought the eur decline a little but we are now back within the range. Even with FOMC nothing really changed imo very little market movement, we did get a pull back on metals a little. For now we on EUR 1HR. Lows: 1.05870 Highs: 1.06355 A break to either direction. If you were to look at the daily we are in a range of lows: 1.05200 areas and highs: 1.07200 areas needs break these key levels for further clarification. Lets not forget we got NFP tomorrow we could be in these ranges until then, add alerts or orders whatever is in your trade plan. Trade what you see, not what you think! Trade Journal
by Trade_Journal
1
Weekly Outlook - NFP!! (Ending 010623)First, it is NFP week. The Market is more unpredictable because manual intervention will take place. Please be aware of this when trading. Second, I'm looking for Consolidation, Manipulation, then Distribution. Initially, the market has consolidated. Next, it will drive higher, liquidating all the Bears' Shorts built in (the three levels I noted) and making the Bulls trigger happy to provoke Long positions. After their positions are built in, the market will reverse and liquidate their Stop Loses below 3780. Stay Tuned...
CME_MINI:ES1!Short
by FreddyFutures
1
NFP's effect on $GOLD : 12.02.22I specified the possible scenario on the chart! Check and make your own personal decision based on that! Last analysis before NFP : As I mentioned yesterday, I expected the price to move towards $1808 and we saw that the price managed to grow up to $1805, now we are in an important moment and in a few minutes the latest NFP statistics of 2022 will be announced and it can affect the whole market with Bring high volatility, manage your positions in the best possible way! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 12.02.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
OANDA:XAUUSDShort
by ArmanShabanTrading
36
GOLD NFP + Unemployment Rate1. If the Non-Farm Payrolls data remains above 200K and the unemployment rate remains below 3.7%, GOLD SELLS below | 1795 -1789 | 2. If Non-Farm Payrolls data remains UNDER 200K and Unemployment Rate ABOVE 3.7% BUY GOLD BUY | 1803 | + confirmations DXY BULL (2) / BEAR (1) ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝
OANDA:XAUUSD
by Tarsi_Fx
Euro pauses after sharp gains, NFP loomsEUR/USD is unchanged on Friday, trading at 1.0524. The week wraps up with one of most important releases on the calendar, US nonfarm payrolls. The robust labour market is showing signs of cooling down, as rising interest rates have slowed economic activity. Nonfarm payrolls have been falling and the trend is expected to continue, with a consensus of 200,000 for November, down from 261,000 a month earlier. With the Fed holding its policy meeting on December 14th, the NFP report will be closely watched by policy makers, who have relied on a strong job market to press ahead with an aggressive rate cycle. The US dollar has been in retreat since Jerome Powell's speech on Wednesday. The speech was balanced, with Powell reiterating that inflation remained too high and rates would continue to rise higher. Still, the markets focussed on the fact that Powell strongly hinted the Fed would ease rates at the December meeting with a 50-bp hike, and the optimism sent equities higher and the dollar lower. The euro has made the most of the dollar's weakness, and EUR/USD posted its best month since 2012, with gains in November of 5.3%. Still, the euro has been on a prolonged decline and started 2022 close to 1.14. The outlook for the euro is weak, as the European Commission expects the eurozone economy to decline in Q4 2022 and Q1 2023. The driver of the expected decline is the huge jump in energy prices caused by the war in Ukraine. The eurozone has been hit hard by double-digit inflation, and the ECB will have to continue raising rates, despite weak economic conditions, until it is convinced that inflation has peaked. EUR/USD faces resistance at 1.0583, followed by a monthly line at 1.0683 There is support at 1.0490 and 1.03537
by OANDA
Non Farm Friday, what will happen to the DXY?Key news events due today: Average Hourly Earnings m/m, Non-Farm Employment Change, and Unemployment Rate The DXY continued to slide overnight, as the price broke below the 105-round number support level to approach the 104.60 price level. This move was driven lower as the core PCE price index was released showing a smaller-than-expected change in inflation growth at 0.2% (Forecast: 0.3%), supporting the recent sentiment from the Federal Reserve that a slowdown in interest rate hikes could happen in December. Look for the DXY to continue trading lower toward the 103.80 price level. However a strong employment data release today could provide some brief relief to the DXY heading into the weekend.
TVC:DXYShort
by JinDao_Tai
⚠️ The last TA of #Gold on November ⚠️Today, the market is not following a particular trend and is waiting for the announcement of the ADP Non-Farm Employment Change and JOLTS Job Openings statistics, and after that the speech of Mr. Powell (Federal Reserve Chairman)! Anyway, I have specified the important levels of supply and demand on the chart. Personally, I will wait for Point of Interest (POI) and then enter into a new position , and considering that it is the last day of the month, I will minimize my personal risk! 🔔 Important Day 🔔(The Last Day of The Month) ➖💲➖💲➖💲➖💲➖💲➖ 🔴 USD : ADP Non-Farm Employment Change 💬 Usual Effect : 'Actual' greater than 'Forecast' is good for currency . 🟨 Why Should We Care ? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; ➖💲➖💲➖💲➖💲➖💲➖ 🔴 USD : JOLTS Job Openings 💬 Usual Effect : 'Actual' greater than 'Forecast' is good for currency . ➖💲➖💲➖💲➖💲➖💲➖ 🔴 USD : Fed Chair Powell Speaks 📣 Speaker : Federal Reserve Chair Jerome Powell 💬 Usual Effect : More hawkish than expected is good for currency. 🟨 Why Should We Care ? As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy ! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 11.30.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
OANDA:XAUUSDShort
by ArmanShabanTrading
23
DXY DECEMBER OUTLOOK 2 scenarios that can play out this week, preparing for the month of December to end off the year. Scenario 1 - Fed chair Jerome Powell gives a very hawkish stance during the FOMC meeting on Thursday 2am sgt. Continue rate hikes into early 2023, no slowing down of rate hike to lower inflation rates. I need to see strong economic data during NFP this Friday which will give strength to the dollar and weakness to gold. Dollar to break up out of range heading towards at 110 possibly 111 regions HRHR GOLD SELLS - 1753 region MRMR GOLD SELLS - 1747 region SAFE GOLD SELLS BELOW 1739 REGION Scenario 2 - Fed chair Jerome Powell gives a dovish stance during FOMC meeting, giving hints of a slowdown in rate hikes, probably a 50 bps in the next rate hike or a 25 bps as we have seen improvement in inflation data in the last CPI. NFP data is bad this Friday as per forecasted till date. Dollar to continue its bearish momentum heading towards 105 possibly 103 regions HRHR GOLD BUYS - 1764 MRMR GOLD BUYS - 1785 SAFEST GOLD BUYS ABOVE 1800 REGION
TVC:DXY
by CJ_GOLDPIPS