The year 1971, when the Bretton Woods system ended, marked a period where the dollar's value followed a volatile trajectory of ups and downs—until 2008. The global financial crisis was another turning point, and since then, the dollar has been steadily appreciating. This trend is expected to continue, at least until another significant pivot point emerges. Will such a critical turning point occur during Trump’s second term? That remains to be seen. However, one thing is clear: the dollar seems poised to keep gaining value.
Analysis of gold today (Wednesday): Focus on 2645, the boundary between long and short positions As shown in the figure: Four-hour cycle: 2620-2660 is still the current oscillation range Oscillating center: 2640-2645 range (ray A: the most effective pressure line at present) Oscillating space: Today, there will be a general direction around 2645 (yellow circle: the current convergent oscillation range, there is not much area, which means that a new trend is about to break out) The current trend of gold is converging and oscillating around 2640-2645. Still focus on the trend performance around 2640-2645. Strategy: ------------------------- Bull thinking: Bottom support: 2635-2640 Breaking pressure: 2650-2655 Upward target: 2655-2670-2680 ----------------------------------------- Bear thinking: Top pressure: 2650-2655 Breaking support: 2640-2635 Downward target: 2630-2620-2600-2580 As the Asian market gradually weakens, once it breaks below 2635, gold is likely to fall in volume today, and stop loss must be set at the same time Today's gold thinking: short at highs Policy: (Gold is about to explode in a big market, and risk control must be done well) The explosive market is about to happen! Powell's speech leads these major events to come. There are many risks in financial market events on this trading day, including the US ADP employment report, the US ISM service industry PMI, the Federal Reserve Beige Book, and the speech by Federal Reserve Chairman Powell, which are expected to trigger major market movements. 1: The US ADP employment change data for November will be released. This data is known as the "small non-agricultural": the US ADP employment is expected to increase by 150,000 in November. Previously, the US ADP employment increased by 233,000 in October. If the data is higher than expected, it may rekindle optimism about Friday's non-agricultural employment data and lead to lower gold prices. 2: The US ISM non-manufacturing purchasing managers' index (PMI) for November will be released, expected to be 55.5. 3: Federal Reserve Chairman Powell will be invited to be interviewed at the New York Times DealBook/Summit conference. In his last speech in November, Powell made hawkish remarks, saying that the Fed did not need to rush to cut interest rates because the job market was solid and the inflation rate was still above the 2% target. Federal Reserve Chairman Powell said at an event at the Dallas Fed that the U.S. economy has not sent any signal that the Fed needs to cut interest rates as soon as possible, and the current strong economy gives the Fed the ability to make cautious decisions.
Colleagues, the last forecast is still active, but I thought it was worth doing another one that will show more clearly what is happening now. In my opinion, the price is still in wave “2” of low order, but in a three-wave correction. This means that wave “2” (black, lower wave) should not update the level of 73.114, but it can update 71.695, although this condition is not necessary. As a result, I still believe that the price will continue its downward movement, although it is in a prolonged correction. There are 2 possible courses of action: 1) The riskier one is to open a short position on the market. 2) Conservative - wait for the price to rise, and enter with less risk. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Wheat is in low risk zone price... First targets are clear and in any recession or war extension, it can meet higher prices...
H4 - Bearish trend pattern followed by a pullback Until the two key resistance zones hold my short term view remains bearish here.
BML support 2.58 Resistance is 2.77 Use stop loss at 2.39 if enter at 2.58 Take Profit 3 and 3.35 Contact: Telegram t.me/W51819 Note: This is not a buy/sell call. Trade at your own will
Curve like any other altcoins has responding very parabolically to its goldencross. It has now gone above a potential double bottom neckline, however, as much as it has pumped recently I would not be surprised to see it correct back down below this neckline for a bit. If it does that it may form another neckline slightly higher for a potential inverse head and shoulders pattern. If it does just continue up fro here instead then the target shown on the above chart is the ost probable one to expect. *not financial advice*
https://www.tradingview.com/x/cN4i0tJK/ Weekly Time Frame: Price closed above resistance but rejected on the following week with long bearish candle indicating a possible fake out. https://www.tradingview.com/x/x2PRD4MO/ Daily Time Frame: Price made a HH however RSI made a LH which is also on overbought territory for a possible trend change. Price made a LL after breaking down form previous low, 106.111 https://www.tradingview.com/x/wN3jovLg/ 4Hour Time Frame: Price consolidates on support turned resistance making a parallel channel. If price close below the channel with a bearish momentum candle, another confirmation for a short trade. Let me know in the comments your thoughts. Thanks!
Check out BCH, it is about to do the same as LTC did in this run. Don't miss out on this opportunity.
On the 4-hour chart, XAGUSD is currently forming a bearish gattli pattern. Currently, XAGUSD faces a downside risk, with a downside target of around 30.45. If the price breaks through the resistance around 31.45, an upward trend will begin.