Sphyn-Trader

XAUUSD: Buyer opportunity and seller entry point!

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Sphyn-Trader 已更新   
FX:XAUUSD   黄金现货/美元
technical analysis:

The price line experienced a significant increase and surpassed the trendline, indicating a strong rise up to 1960. After touching the resistance area of 1963, it underwent a slight correction to ensure liquidity before continuing the uptrend. Although there was continuous resistance, the buyers' volume was still strong. The two EMAs (34 & 89) have shown signs of crossover, indicating a reversal trend during the correction phase. The RSI has returned to its average level (51.1) and is currently in the buying support zone. It is expected to continue rising towards the 197x zone before returning to the downtrend (correction span ABC).

Market analysis:

Investors remain optimistic about the USD Index despite a recent decrease. They believe that it could be valued higher in the future due to an anticipated interest rate hike by the Fed. The US economy has seen a significant increase in consumer spending in April and could experience further growth in the labor market, which could lead Fed chair Jerome Powell to consider raising interest rates again.

This week, investors will be closely monitoring the US Automatic Data Processing (ADP) Employment data, which is expected to show an addition of 170K jobs in May. This is lower than the previous addition of 296K. On Friday, the US Nonfarm Payrolls (NFP) report will provide a comprehensive overview of the US labor market.


Plan trade in the intro
交易开始:
The White House and top congressional Republicans reached a tentative debt-ceiling deal that placates both sides. Yet the compromise only delays the next spending fight and does little to address the government’s growing budget gap.
交易开始:
as expected
评论:
The House of Representatives squared up to vote to suspend the US debt limit, a critical step to avoid a destabilizing default that could come early next week if Congress does not act.
交易开始:
Markwayne Mullin : Tonight the House will consider the largest deficit reduction bill in U.S. history. The deal is far from perfect, but it’s a meaningful and necessary step to get America’s fiscal house in order.
交易开始:
交易结束:到达止损

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