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$Gold that 2nd poke of the 4200 zone was treated just as crudely as the first
bear flag break
and that's after a large move out of the descending triangle on Monday
4100 -> 4k supports below. longer term it's all about 4k after June/July reaction
forex.com/en-us/news-and-ana…
$Gold bounce from support - clean channel build a long the way
possible bear flag if bulls can't push through to invalidate
first res level up has held so far at 4200
4167 shorter-term support, below signals flag break and re-opens for 4135 test
4100, 4k below that
📈📉DAILY MARKET VIDEO📈📉
❄️ US Core PCE comes in cooler than expected at 0.2% m/m, 3.0% y/y
🏦 October Fed rate hike odds fall to 40% ahead of NFP on Friday
📈 $SPX remains in a longer-term uptrend...for now - see the next levels to watch! 👇
The inside bar is the market holding its breath. Price compresses within the previous candle's range. Neither buyers nor sellers want to take a position.
Once a breakout occurs, the real move is revealed. Swipe to see an inside bar in action on the charts! 👆
#EURUSD stages modest bounce after probing liquidity below summer lows. Eurozone stagflation risks are mounting amid energy shock, as dollar holds firm with long-dated bonds under pressure. This should keep the pressure on the pair despite short term data-driven volatility
More 👉 forex.com/en-us/news-and-ana…
#AUDUSD remains under pressure after break of key support area, despite a hawkish RBA and now weak US Consumer Confidence data (81.9 vs 89.2 expected)
Everything you need to know 👉 forex.com/en-us/news-and-ana…
📈📉DAILY MARKET VIDEO📈📉
🇮🇷 Global bond rout pauses, US response to Iran Hormuz offer expected
🇦🇺 RBA delivers a less-hawkish-than-expected interest rate hike, AUD falls
👀 $EURUSD testing key longer-term support- see the next levels to watch! 👇
A full-circle moment ✨ It started Nicholas' interest in the USD/JPY carry trade, and now he's a Relationship Manager and Onboarding Specialist at FOREX.com US & Canada.
#Gold holds onto bulk of today's losses, as rising yields become too hot for gold. While more short-term losses could be on the way, the longer term outlook is far from bearish
Here's why: forex.com/en-us/news-and-ana…
📈📉DAILY MARKET VIDEO📈📉
🇮🇷 Trump REJECTS Iran's proposal to reopen Hormuz, negotiations to continue
📅 Busy week for economic data highlighted by US Core PCE and NFP
🥇 Gold breaks lower from H&S top - see the next levels to watch! 👇