Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
Careful with gold longs
2022-04-05 • Updated
4H Chart
Daily Chart
Gold managed to rally yesterday on the back of the US inflation data which posted the highest reading since the 2008 financial crisis, fueling fears towards hyperinflation and possible intervention by the Fed soon. However, Gold is unable to break above $1,900/Oz yet and the technical indicators are still favoring further downside retracement ahead. As noted earlier this week, any upside move is likely to remain capped below that solid resistance. On the downside view, retesting 1870 and possibly 1860 is still possible ahead of the Federal Reserve decision next week.
|
S3 |
S2 |
S1 |
Pivot |
R1 |
R2 |
R3 |
|
1829.85 |
1859.68 |
1879.10 |
1889.51 |
1908.93 |
1919.34 |
1949.17 |
Similar
How to Trade on FOMC Press Conference?
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
September 20-25 Trade Ideas
US stock market corrects, gold recovers and the crypto market drops hard! Best trade opportunities during this week in the article! Let’s check the charts and set some goals! NASDAQ (US100) US100 index plunges as the US dollar strengthens…
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
