Overview on US Dollar Index (DXY)

US Dollar Index (DXY), which measures the volatility of the greenback with 6 major currencies (#EUR, #JPY, #GBP, #CAD, SEK, #CHF) standing above 94.0 points.

The greenback in the international market continued to appreciate when the US economy faced many uncertainties.  The USD rose to the highest level since November.- According to experts, world inflation tends to increase and is no longer a "transient" phenomenon as assessed by central banks in a few months.  via.  This scenario will probably cause the US Federal Reserve (Fed) to start tightening quantitative easing from November.

The greenback rose as US Treasury Secretary Janet Yellen testified in the US Senate that if the Biden administration failed to raise the public debt ceiling, it would lead to a financial crisis.

𝐋𝐄𝐀𝐑𝐍, 𝐀𝐍𝐀𝐋𝐘𝐙𝐄, 𝐓𝐑𝐀𝐃𝐄 & 𝐄𝐀𝐑𝐍.

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Comment on XAUUSD H1 by Money Life Research

 Yesterday’s market price decline, occurred after a breakout that occurred in the support area with a morubozu candle on the H1 timeframe.

 So through the current chart now what can be seen through the current potential?  The current chart is uptrend after the market opened and did not pass yesterday's lows.

 Continuing that, I see this rise is a retracement that took place in the early morning and the possibility of the price being able to reach at 1743.00 where it is the closest resistance area to the current price.

 In addition, at the price there is a confluence where the support price and has a trendline drawn through the timeframe M15, so I will look at the chart if there is a reversal movement, the mark as an entry point will be done.

Accompanied by risk management between 1: 2-1: 3 can be taken at a lot fixed rate according to the available account capacity.

 The price seen as a whole has a breakout at the lowest price, it is likely that if the US session opens, traders can see an interesting movement through gold now, that is in case of momentum.

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Market Outlook: Gold/XAUUSD

 Gold inched higher shortly after the New York session on Monday despite a rise in Treasury yields and the U.S. Dollar. An overnight reversal to the downside in the U.S. stock indexes may be helping to underpin prices, but more than likely, the market may have found a sweet spot on the chart where it is neither too bullish nor too bearish.

- This pattern is a continuation event that pauses before it refreshes lower. Medium-term momentum has turned negative and generated a crossover signal.

Technical View 

- A sustained move over 1758 will indicate the presence of buyers. The first upside target is 1762.90. Taking out 1762.90 could trigger an acceleration into a resistance cluster at 1787 to 1788.

- A sustained move under 1758 will be the early sign of weakness.

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Weekly Overview on Oil by Money Life Research

 MARKET VIEW

Weekly changes: XBRUSD +4.34%

The oil prices are rebounding to multi-year highs. XBRUSD settled near a three-year high at 77.25 USD, its best level since October 2018.

BULLISH TRIGGERS

Oil demand will be growing steadily amid the ongoing economic recovery while the supply outlook remains stable thanks to production discipline by OPEC+. The latest EIA report shows that U.S. crude stockpiles declined for the seventh consecutive week. According to the U.S. Energy Information Administration, U.S. crude inventories fell by 3.5 million barrels last week. India’s oil imports hit a three-month peak in August.

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BEARISH TRIGGERS

There might be a significant downwards correction, according to Bloomberg Intelligence senior commodity strategist Mike McGlone. He notes that the last two influential crude declines in 2018 and 2020 were almost tick-for-tick with SPX500. The 20-quarter correlation between the Bloomberg Commodity Spot Index and SPX500 currently sits at 0.90, the highest reading since 1960. The BI analyst says the last time the correlation peaked was back in 2013, followed by the spectacular oil price crash of 2014, which then spread to the rest of the commodities complex.

Let's see the update on Xauusd

 XAUUSD H1 

Today’s market price opened showing the gold market making $ 10 momentum from early this morning.  But whether this potential will change or continue to increase to a higher level.

From the analysis done, I see the market is now in an overall flat state, this happened after the fall in sentiment news on the new.  So I looked at the aspect of short-term trading that can be done at this point.

In addition, there is also the probability that the price will be able to climb more if the price of 1760.00, the candlestick manages to close on the H4 timeframe, most likely an increase can occur after that.

And these are among the prices that can be used as a guide today, among them are:

 1748.00

 1752.00

 1758.00

 1768.00

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Is Forex trading safe? Let’s see!

If you are reading this article, you are most likely inquisitive about the forex market and online trading. Individuals are continually taking a stab at the best, and with regards to forex trading tips, everybody needs to get the best forex signals, unrivaled exchanging stages, and, to trade with the best forex markets.

A large number of merchants choose forex trading, as they have gone to a comprehension of why Forex is the best market to exchange. These brokers investigate the capability of the online trading market and catch all the conceivable open doors accessible to them. Things being what they are, for what reason is Forex the best market to exchange? There are numerous reasons, and we will investigate every one of them, yet before we hop into it, let us initially examine a short history of the Forex market.

Reasons why forex is the safest market to trade

Different brokers have distinctive explanations behind picking Forex trading. In all actuality, Forex has a great deal to offer for a wide range of brokers, and there are many motivations to exchange Forex on the web. The principal reasons why Forex is the top market to exchange are clarified in detail beneath.

Volatility

How do brokers profit on the web? The mechanics behind exchanging square measures are somewhat simple. You’re getting a profit at a positive value, and you hope to eliminate this advantage. The additional unstable the market is, the new open doors there square measure to get and reduce the benefits you have got. As you will as of currently comprehend, if the market is not moving, clutching your capital in it’s neither rhyme nor reason.

Instability within the Forex showcase is extraordinary, and you’ll be able to habitually hope to ascertain a worth move for around 50-100 pips on one among the many cash combines on much anytime. This adds up to a possible misfortune or addition of 500-1,000 USD, within the event that one parcel (or one hundred,000 money units) is changed, and therefore the cited cash in USD. Merchants faithfully rummage around for unpredictable markets and unstable instruments; this is often the rationale that instability is one among the first benefits of the Forex showcase.

Accessibility

While volatility is necessary and tells the USA why Forex is that the best market to trade, we must always ne’er disregard accessibility. Albeit Forex is volatile, and it’s attainable to catch millions of market moves, this market is additional accessible than the other online trade market. Mercantilism Forex online may be started with as very little as one hundred USD.

Compared with several different money markets, there’s a rather low mercantilism capital demand. What’s additionally nice concerning Forex market accessibility is that you will check-in for your mercantilism account from your laptop. Most retail Forex brokers operate online, and everyone you have got to try and do to start mercantilism with Forex is to register, submit your documents, and perform a deposit on your Forex trading account.

Forex advice club comprises of forex tips experts, mentors, and research analysts who have extensive experience of 15 years in international forex trading and consulting.

How To Become A Successful Gold Trader

Every gold trader has some USP(Unique selling point). However, some similarities are always there in all the traders. Let me tell you if you want to become a successful gold trader, you need to follow comex tips. However, there’s no particular strategy that will earn a name for you in the commodity trading world.

Here are X easy steps to become a successful gold trader. You need to try and test them to figure out which perfectly suits your trading needs and requirements.

1- Make a trading plan and stick to it

It is said that” well begun is half done.” And in the gold trading world, it is “Well planned is half done.” No matter whether you’re a novice or an experienced trader, the first thing to do is to have a plan. The gold trading is challenging to master, lest you use comex tips. Most importantly, you ought to stick to your project. The most significant blunder people commit in gold trading is by drifting away from their plan.

2- Staying updated with the latest trends and updates

We all know that forex trading is volatile and is always subjected to fluctuations. You must stay updated with the latest trends, data releases, and comex tips in your country as well as in the world. As technology advances, every second, staying on the top of the news helps in acing up your trading game.

3- Anticipate Outcomes

In Commodity trading, you win some and lose some. Surprises are part and parcel of it. Most successful gold traders always vet future prospects and projections before investing. You must have long term as well as short term goals.

4- You must know to manage risk

Many successful gold traders have carved a niche for themselves by practicing the art of managing risks. They precisely know to trade in percentages rather than dollars. By limiting risks and taking advantage of fluctuations, you can boost your account value.

Take your trading strategy to the next level

Gold trading involves substantial risk and can be mastered if you take all the necessary comex tips into action. Once you have your trading plan ready and have calculated risks, you’re prepared to take a leap of faith in the trading world.

Gold Rejected Below 1782 Level Despite Dovish FOMC

GOLD prices closed at $1,767.80, after setting a high of $1,788.25, and a low of $1,765.25. After surging for two consecutive sessions, gold dropped on Wednesday, amid the strength of the US dollar. On Wednesday, the greenback was strong across the board, reaching 93.51, which was its highest level since August 20. The US dollar pushed the price of gold down after the Federal Reserve signaled that it would ease its monthly bond purchases by next year and increase interest rates sooner than expected.

The appeal for the yellow metal was subdued after the US Federal Reserve mentioned in its latest policy meeting on Wednesday that tapering of economic support would begin this year, and interest rates could potentially rise next year, in response to inflation.

As a result, the US Dollar Index reached a one-month high, decreasing the appeal of gold. The precious metal is often used a hedge against higher inflation. However, it tends to lose its value if the Fed increases its interest rates or reduces its support for the economy.

Meanwhile, on Wednesday, Fed Chair Jerome Powell said that the Fed was pushing ahead with its research into implementing its digital currency.

The Fed has also revealed its plans to release a paper on the matter shortly. According to Powell,  no decision has been made regarding this issue as yet, and the Fed is not under any pressure to rush into a decision like this without doing proper research of its own.

Powell also said that the Federal Reserve could wrap up the tapering of its bond purchases by the middle of the next year. The central bank has been buying $120 billion a month in Treasuries and mortgage-backed securities, to support economic recovery from the coronavirus pandemic. These comments helped the US Dollar Index to achieve its highest level in one month and weighed heavily on the precious metal, turning its momentum red for the day. At 19:00 GMT, the existing home sales for August came in, remaining in line with the expectations of 5.87M. It had zero impact on the prices of the US dollar and GOLD.

Gold – XAU/USD – Technical Outlook

Gold has fallen below the pivot point support level of 1,773, towards the next support level of 1,759. Gold prices will be exposed to an additional support mark of 1,750 if they break below the 1,759 level. A bullish crossover at 1,773 would also open the yellow metal to the 1,781 level.

Daily Technical Levels

Support           Resistance

1,759.29           1,782.29

1,750.77            1,796.77

1,736.29            1,805.29

Pivot Point:       1,773.77

GOLD has completed a 61.8 percent Fibonacci retracement at 1,781 on the 4-hour timeframe. The close below this level has triggered a sell-off in the precious metal. The RSI and Stochastic indicators are both in the sell zone, but the 50 SMA at 1,773 provides resistance. As a result, the bearish bias reigns supreme below 1,773 and vice versa.

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Technical & Fundamental analysis on Xauusd

 XAUUSD H1

 The market price made a strong decline after the sentiment news was released as well as testing at the 1785.00 level before a strong decline took place.

 From yesterday's decline is the potential to make such a continuation?

 Let's take a look at the bigger picture, the decline that took place yesterday, has already been tested at the highest area where 1765.00 is the nearest resistance level and has already been tested today.  So through this chart, I am of the view that if the market makes a continuation of the decline the price should be below that price.

 If the current market conditions are above that level, it is likely that the price will rise again.  But since a strong decline took place yesterday, so it is likely that today, the market will make a flat price where 1770.00 and 1760.00 will be the prices seen to perform as short-term trades.

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Todays Overview on XAUUSD by Money Life Research

  The market which was active last night saw an increase in the price to reach the level of 1780.00 also testing the small resistance area found last week.

 From the chart shows the market is moving bullish trending on the H1 timeframe and the market reaction now shows a horizontal market movement taking place after yesterday’s rise.

 So through this chart what is the potential that could happen to gold at the moment?  In my opinion, there are 2 probabilities that can happen at this point.  For certain reasons as follows:

 Situation 1: The fixed price continues to rise to a higher level if it manages to break at the price of 1780.00 and there is a retracement at that price.

 Situation 2: The price is moving horizontally and showing a downtrend tendency because the current price has a confluence on the past resistance area as well as the trendline that was tested yesterday.  As well as at the current price there was a candlestick reversal in the last few hours.

 So through these two situations, traders need to look more closely at the lower timeframe to make a trade as well as get the best space and opportunity to trade.

 If looking for an opportunity to buy, the price of 1775.00- 1770.00 will be the nearest support level at this point.

 If looking for an opportunity to sell it is better to wait for the price to make a breakout on the trendline area.

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📕 Comment on Gold on September 22, 2021

Currently, precious metal Gold is facing a strong resistance zone around 1780 and in my opinion, it is likely that Gold will have a slight correction here and we can establish a sell position.  down at this price zone with the target around 1755-1760.

During Asian trading hours, the market trades lightly, investors are waiting for the Fed meeting, and the market has digested all the information and sentiment.  Therefore, the market is currently maintaining a neutral status.  Before the meeting, the market trend may not be large and clear.

Tonight, the Fed will hold an important meeting on interest rates, in which the "dot plot" will be announced.  Before the meeting, the market may not be too volatile.

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Overview on XAUUSD by Money Life Research

The market that did a retracement yesterday, has reached at the resistance area at 1765.00, through this indicator what is the potential to be done today?

 I see the current chart which is in the resistance area as well as at the current price of the candlestick showing the reaction of the beginning of the downtrend as the engulfing candle has already taken place.  In addition, yesterday's price also tested the trendline area where there is a confluence at the price of 1765.00

 From this probability, I think that the market is able to decline again because in the major timeframe the price is still dominated by the downtrend, and the rise that happened yesterday was just a retracement that happened.  This allows long -term trading to be done.

 Followed by effective trade management.  If I were the one doing this trade, I would choose a risk reward of 1: 5 if the market really was gaining momentum.  Because keep in mind that the market is still in the horizontal zone from last week, if yesterday’s low price is successfully broken then, the market is able to continue the stronger downtrend.

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let's have look on weekly Currency Analysis

Currencies

Weekly changes: EURUSD -0.69% , GBPUSD -0.75% , USDJPY +0.16%, AUDUSD -1.09% , USDCAD +0.74%

The EURUSD pair finished Friday at a monthly low of 1.17239. At the same time, the American consumer prices showed their slowest pace in half a year. The market anticipated the CPI signal as the peak of the local inflation. However, the greenback's strength determined the pair's behaviour afterwards.

GBPUSD was the second-worst performed significant pair. The pair closed at 1.37260, repeating the lows of the previous week. The BoE will hold its monetary policy this week, the day after the Fed's meeting. These events will add volatility to the pair.

USDJPY reached 110.152 in the mid-week but closed Friday a bit lower, at 109.955. The pair fluctuated to the lows of 109.100, affected by the American debt ceiling turbulences but managed to gain a positive result within a week.

AUDUSD had the weakest performance level among the majors last week. The pair closed at 0.72608, showing a decline for the second straight week.

USDCAD outperformed all majors last week. The pair touched 1.27720 and slightly consolidated by the end of Friday, closing at 1.27657.

BULLISH TRIGGERS

USDJPY remained positive at the end close of the week. The bullish greenback paired the growth of U.S. Treasury yields, giving the currency pair an advantage over the negative American debt ceiling sentiment.

USDCAD climbed to the monthly highest level. The Canadian dollar weakened due to the oil's decline last Friday and the forthcoming Canadian elections.

BEARISH TRIGGERS

Besides the U.S.dollar's current strength, the ECB's official stated the local inflation expectations to continue to accelerate until November. That brought EURUSD more extra impulses for lower moves.

The U.K. retail sales actual data showed -3.5% than the estimated levels. The concerns on the British economic recovery led to GBPUSD decline.

AUDUSD has been declining throughout the month. The ongoing instability in China, the Australian major trading partner, weighs on the AUD. On the other hand, the latest Australian job report showed the most significant job loss since May 2020. The RBA Minutes, released this week, will explain the impact of the monetary steps of the central bank towards the crisis' overcome.

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Gold comment on September 20, 2021

 Ending the last trading week precious metal Gold had 1 week of decline from 1808 to 1744 ($ 64) closing the week session with a bearish candle around 1754. With precious metal, Gold showed  The downward pressure is quite good on the weekly time frame, so at the beginning of this week's session, I think it is likely that Gold will continue its downward trend.

Switching to the daily time frame, we can see that Gold is currently facing resistance around 1746-1750.  Here, the buying power may appear to the first resistance area around 1760, if it can overcome this price zone, it can head to the price level of 1775-1780.  This is quite a strong resistance area for precious metal Gold and if Gold recovers to this price zone we can establish a short position with the target that Gold fell last week at 1745.

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XAUUSD H1 Analysis on 20 Sep

The latest market price movement is moving horizontally after a strong fall occurred last week.  But will the gold market be able to go lower or rise to higher levels?

 My analysis today sees from the gold price movement that it is likely to continue the horizontal movement today until it goes through a clearer setup to continue the stronger decline.

 This is because I saw earlier this morning the price made a decline but did not manage to pass the 1745.00 price which was the last support area tested before.

 For that, I see the potential to sell at this point to be a short-term trade only for early this morning.  As well as the current market changes are likely to make the rise to a more comfortable level.

 Among the prices that can be assessed for each price change are 1745- 1750- 1755- 1760- 1765. This is because in a horizontal movement the price moves and performs a setup that can be seen on the M15 timeframe.  The assessment of the risk ratio is between 1: 1 - 1: 2

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Let's have an look on DAX

#DAX #ANALYSIS

 Yesterday was more of the same, a very narrow day and still without leaving this horrible side.  Today there is the expiration of options and futures to see if with it the DAX begins to move well somewhere.  As for data, today there is only a Consumer Sentiment Index from the University of Michigan in the USA.

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Overview on XAUUSD by Money Life Research

 The market price plunged by 500 pips within a day after the market made a break at the lowest price and the decline continued until the market closed.

 The current market price that opened today made a retracement as well as testing at the price of 1765.00 which is seen to have a downtrend setup because at the timeframe M15 made a third test at the resistance level as well as the trendline.

 Nevertheless, on the last H1 timeframe the price tested last night has reached at the support area of ​​1750.00 and I see the possibility for the long term the gold market is able to make a rebound after this impending decline.

 In a sense, movement on a small timeframe will move downtrend and test on yesterday’s support area.  At that point, we can see whether the market is just testing or a breakout at 1750.00

 In my opinion, the price will only retest at 1750.00.  So short -term trading at 1765.00 is allowed, as well as as a precaution we will see at 1750.00 what will happen tonight.

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EUR/USD trades below 1.18 with ECB's Lagarde & US data in focus. Gold looks to US retail sales for direction.

EUR/USD trades below 1.18, Lagarde & US data in focus
The EUR/USD is edging lower paring mild gains from the previous session. 
The Euro has failed to meaningfully capitalize on weaker than forecast US CPI data earlier in the week. Instead concerns over the rising energy prices in Europe and the German elections ae weighing on the Euro. 
The Fed taper question remains. Retail sales will be in focus. Expectations are that rising prices and weaker consumer confidence could mean another monthly decline in sales of -0.8%.  
Meanwhile jobless claims are expected to tick up slightly to 328k, from 310k. The Euro benefited from a more hawkish stance from several policy makers on Wednesday. Investors willlook to a speech by ECB President Christine Lagarde to see if a similarly hawkish tone is replicated. 

Gold looks to retail sales 

Whilst Gold rebounded following the softer CPI report the spike higher was short lived. The softer than expected CPI report supports the view that inflation could be transitory. However, inflation hasn’t weakened sufficiently to fundamentally change the Fed’s position. 
Tapering of bond purchases is still on the cards. The question is when not if. Today’s retail sales data and jobless claims numbers will be watched closely as investors eye macro data for fresh impetus.  

Retail sales are expected to decline -0.8%. A loss in momentum in the economic recovery could push back expectations of the Fed tapering sooner rather than later which could boost gold prices. 

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Overview on XAUUSD by Money Life Research

 The price which is still in a flat state is not able to break on the large support and resistance areas, only being at the level of 50 pips from 1785.00 to 1795.00

 From this movement the short -term trading potential is seen to be the focus as this expectation will continue to occur if the market price is only in the horizontal zone now.  Meanwhile, the levels of 1795.00, 1790.00 and 1785.00 will be the nearest support and resistance levels at this time.

 In doing short -term trading, the first aspect that needs to be emphasized is the key level where the candlestick does a rejection at that level because this trading opportunity can be seen clearly at this key level.

 In my opinion, in a trade like this, confluence is needed to see the potential movement from the technical policy because, at present there is no sentiment that can push the moving market for a larger movement.

 I see, from the broad overview of this gold chart, the downtrend is still dominating the current market price.  If trading is to be done, looking for selling potential is better at this point until the target is at yesterday’s low.

 This short-term trading risk can take between 1: 1-1: 2 with a minimum lot size and the use of risk of 1% of the equity available on the trading account, because the potential to buy and sell at this point will be seen.

 Finally, if tonight the US opens stronger, most likely the 1785.00 price could be broken from the support level to the resistance.

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Why You Should Invest Money in Indices?

 

 

Index funds are specifically designed to match the investment results of one particular market index. This fund includes stocks or bonds in its portfolio and the returns that they achieve are in line with a particular index. Index funds are most popular among investors as they help you to attain ownership of a wide variety of stocks. They will also help you to diversify your portfolio and at the same time minimize risk.

This is the reason you should get good index signals in order to understand the entry and exit strategies. You can also get good index signals to understand how the market will move. This will help you to get a diversified selection of securities in one easy and low-cost investment option. Through this, you get access to thousands of securities in a single fund.

Following are some of the advantages of index funds that will help you to understand why you should invest money in indices.

#1. Low Risk

One main advantage of index funds is that they are low-risk options for the investors who are willing to invest in the stock market. These funds are inherently diversified and help you to gain shareholding in some major sectors of the economy. As the index increases your return on index funds will also increase. You also get an option to make a basket of securities as per your own proportion. So you can avoid the stocks that you think are riskier. This is what makes index funds less riskier as compared to investing directly in the stock market.

#2. Steady Growth

Index funds are relatively low-risk options for investing and are designed for long-term and steady growth. They have a diversified portfolio of securities and will grow with the growth in overall industries. This makes them a good option for long-term investors who are looking for steady growth and low risk at the same time. Indices trading signals will help you to gain knowledge of the index market and when to enter the same for maximum returns.

#3. Low Management Fees

One major reason that makes index funds even more attractive to investors is the low management fees of these funds. As these funds are passively managed, they have low management fees as compared to other funds available in the market. Investors can easily trade index funds by simply getting good index tips. This will not only help you to diversify your portfolio but will also help you to earn good returns in the market.

#4. Tax Benefits

They have a huge tax benefit for the investors as you are investing in a lot of securities. There can be hundreds of sureties in a lot at the time of investment and you also have hundreds of lots to choose at the time of selling the stocks. This means that you can sell stocks in lots with the lowest possible tax.

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XAUUSD H1 Analysis

The price which is still in a flat state is not able to break on the large support and resistance areas, only being at the level of 50 pips from 1785.00 to 1795.00

 From this movement, the short-term trading potential is seen to be the focus as this expectation will continue to occur if the market price is only in the horizontal zone now.  Meanwhile, the levels of 1795.00, 1790.00, and 1785.00 will be the nearest support and resistance levels at this time.

 In doing short-term trading, the first aspect that needs to be emphasized is the key level where the candlestick does a rejection at that level because this trading opportunity can be seen clearly at this key level.

 In my opinion, in a trade like this, the confluence is needed to see the potential movement from the technical policy because, at present, there is no sentiment that can push the moving market for a larger movement.

 I see, from the broad overview of this gold chart, the downtrend is still dominating the current market price.  If trading is to be done, looking for selling potential is better at this point until the target is at yesterday’s low.

 This short-term trading risk can take between 1: 1-1: 2 with a minimum lot size and the use of the risk of 1% of the equity available on the trading account, because the potential to buy and sell at this point will be seen.

 Finally, if tonight the US opens stronger, most likely the 1785.00 prices could be broken from the support level to the resistance.

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Comment on Gold on September 13, 2021

At the end of the last session, precious metal Gold had a strong decline week from 1830 to 1780 ($50) and closed the week session with a bearish press around the threshold of 1787 with an overwhelming bearish force compared to the previous session.  with the previous week and my personal opinion in the early trading of this week precious metal Gold will continue to be under downward pressure.

- Switching to the daily chart time frame, precious metal Gold in the last 3 trading days, Gold still fluctuates below the threshold of 1805 and in my opinion, the 1783 support area is unlikely to stand if there is another falling session.  more points so in today's session we are waiting for a sell-off with precious metal Gold is at the nearest resistance around 1794-1797 with a safe target around 1783 and beyond 1775.

(Specific and intraday strategies will be updated - Gold price is currently being analyzed)

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📕 Comment on Gold on September 13, 2021:

 - At the end of the last session, precious metal Gold had a strong decline week from 1830 to 1780 ($50) and closed the week session with a bearish press around the threshold of 1787 with an overwhelming bearish force compared to the previous session.  with the previous week and my personal opinion in the early trading of this week precious metal Gold will continue to be under downward pressure.

 - Switching to the daily chart time frame, precious metal Gold in the last 3 trading days, Gold still fluctuates below the threshold of 1805 and in my opinion, the 1783 support area is unlikely to stand if there is another falling session.  more points so in today's session we are waiting for a sell-off with precious metal Gold is at the nearest resistance around 1794-1797 with a safe target around 1783 and beyond 1775.

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 (Specific and intraday strategies will be updated - Gold price is currently being analyzed)

USDCAD loses steam above SMAs sellers step up

 USDCAD, currently at the red Tenkan-sen line at 1.2624, is surrendering ground from the 1.2761 high after its recently made headways, resulting from a bounce off the 200-day simple moving average (SMA). The longer-term 100- and 200-day SMAs are validating a more neutral tone in the pair. That said, the bullish crossover of the 200-day SMA by the 50-day SMA has yet to confirm that sellers are now taking the lead.

The somewhat static Ichimoku lines are indicating a pause in downward forces since the price retreated from the 1.2948 high, while the short-term oscillators are negatively skewed. The MACD, in the positive zone, is being capped by its red trigger line, while the downward facing RSI is flirting with the 50 threshold. The negative charge in the stochastic oscillator is promoting additional bearish price action.

If sellers stay in the driver’s seat, initial downside friction could arise at the 50-day SMA at 1.2573 ahead of the support belt of 1.2488-1.2521. Diving beneath the 200-day SMA, the pair may target the support barricade of 1.2380-1.2425, which encompasses the Ichimoku cloud’s floor as well. From here, a deeper decline could then encounter its next obstruction around the 1.2251-1.2308 barrier.

If buying interest increases, the first region to try and mute upside forces may reside between 1.2707 and 1.2761. However, conquering it could catapult the price to challenge the tough resistance section of 1.2880-1.2955. Passing this reinforced boundary, the pair may then meet the 1.3030 barrier, while another push higher could face the 1.3112 and 1.3172 highs from mid-November 2020.

Summarizing, USDCAD seems to lack convincing upside power and is somewhat adopting a sideways pattern. A clearer price direction could evolve either with a break above 1.2761 or below 1.2488.

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Today AUDCAD Sureshot Signals by Money Life Research

 

Sell ​​AUDCAD Current Price 0.9328

 SL: 0.9378

 TP: 0.9291-0.9248

For Live AUDCAD Signals You Can Visit Our Website.

Analysis on Gold

  - In yesterday's session, precious metal Gold, after bouncing up to 1800, fell to 1783 and closed the session with a bullish candle around 1794. With the end of the day with a bullish candle and forming a reversal candlestick pair and in my opinion, it is likely that in early trading today this precious metal's uptrend will continue.

 - On the H4 time frame, we can see that for this metal to rally, the 1800 Gold resistance will have to be broken and if Gold breaks this price range, the 1808-1812 threshold will be the price zone where the precious metal is located.  Gold towards.  In the opposite direction, the price support area pushes this precious metal up around 1788, where we can establish a buy position with the precious metal Gold with the target as I mentioned above.

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XAUUSD Analysis

  The market price that declined to break the support area the day before kept the current price below the lowest price.

 At the current price level, 1790.00 became the meeting point after the resistance price became support last night.  And now the continuation of the movement sees the tendency of the market price which is likely to continue the decline again at least at the price of 1785.00

 So what is the potential at this point?  I think that the market will make a horizontal movement on these two prices before explaining the stronger movement.  If not for the momentum today then the level of 1785.00- 1790.00- 1795.00 will be the nearest resistance and support area.

 Apart from that, short -term trading can be done at this point as the current price is below 1790.00 and the trendline tested in the last few minutes.

 If I choose to trade at this time, the 1: 1.5 risk will be the risk management that will be applied in the trade with a stoploss of 30 pips from the price of 1790.00

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Gold comment on September 8, 2021

 In yesterday's trading session, precious metal Gold had a strong drop from 1827 to 1791 ($36) to close the day session around 1794. Once again precious metal Gold moved below  threshold 1800.

 Overall on the daily chart time frame, Gold, after touching the resistance area of ​​1833, has dropped to the support area of ​​179x, this support area is also relatively strong and in my opinion around the support price zone.  With this support, it is likely that the precious metal will have recovery spans around 1802-1808.  Here is the possibility that the precious metal Gold will decrease and go down further, then I will continue to update more.

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XAUUSD H1 Analysis on 8 Sep

 The strong decline that took place yesterday has hit 300 pips from the retracement price in the early hours of yesterday.  The decline reached at its lowest price since the NFP was released the previous day.

 Continuation from yesterday's decline, is the price potential able to make an increase or even continue the decline like yesterday?

 This analysis is made in the early morning and sees from the price movement that is in the area of ​​1795.00 where it is the resistance price that has been successfully broken and then becomes support at this point, but the confirmation is still not seen because, at the current price, the candle has not managed to pass above lowest price yesterday.

 So in my opinion, there are 2 probabilities that could happen at this point.  First, the price makes an increase because of the price of the above reason, or second the price shows a horizontal movement before being able to see a clearer setup in the future.

 Since at this point, the market is not showing a mature reaction at the current price, I chose not to trade on gold at this point until the market shows a real uptrend or downtrend reaction after a particular setup is clearly indicated.

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Buy GOLD between price 1796 to 1797 and buy limit at 1793

 SL: 1786

 TP: 1801 1806  Target Hittttl🎯

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Oil slid. 72.07 USD (-0.33 USD )

Oil

MARKET VIEW

Weekly changes: XBRUSD -0.59%

Last week, XBRUSD slightly slipped after a less-than-expected U.S. jobs report indicated a patchy economic recovery that could mean slower fuel demand during a resurgent pandemic. Brent crude settled lower at 72.07 USD a barrel.

BULLISH TRIGGERS

The concerns that U.S. supply would remain limited in the wake of Hurricane Ida, which cut production from the U.S. Gulf of Mexico, supported oil prices. Oil production in the region remained primarily halted in the aftermath of Hurricane Ida, with 1.7 million barrels, or 93%, of daily crude output, suspended.

BEARISH TRIGGERS

The employment report impacted by the Delta variant shows that the coronavirus is still moving oil demand. Nonfarm payrolls missed expectations with an increase of 235,000 jobs amid softening demand for services and persistent worker shortages as COVID-19 infections soared. The United States pledged to press the OPEC+ to do more to support economic recovery by unleashing production.

SELL LIMIT CRUDE OIL AT 69.75

SL 70.15

TP 69.55 69.35

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Aussie dollar weakens slightly on Monday and epidemic data raises investor concerns

   - The Australian Dollar underperformed all other G-10 currencies on Monday, down 0.44% to 0.7427, driven by a high number of new crown cases in Australia, reducing the land's central bank  water and soon began to downsize.

 - Asian traders said that after bad outbreak data was released over the weekend in Australia, investors closed their remaining long positions in the Australian dollar against the established US dollar.  was established last Friday due to weak US jobs data.  Australia's most populous state of New South Wales reported 1281 new crown cases on Monday, while the number of new cases in a single day rose to a record 1533 over the weekend.  The New Zealand dollar, which rose last Friday, also fell 0.3%.

 - Kengo Suzuki, foreign exchange strategist at Mizuho Securities, said: “The increase in the number of infections in the country will certainly worry the Reserve Bank of Australia.  "After the weak US jobs report sparked last Friday's rally, the Australian and New Zealand dollars are facing corrective selling."

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Comment on Gold on September 6, 2021

  Ending last week, precious metal Gold had another gaining week when it increased from 1801 to 1833, closing the week at around 1827. This is also the 4th consecutive week of increasing points of precious metal Gold, with momentum.  The current good increase, in my opinion, the possibility that in the near future, the precious metal Gold will have a rise to higher milestones.

 On the current daily chart Gold is facing a resistance around 183x.  Here it is likely that Gold will correct for the next breakout.  At the beginning of today's trading session, I expect Gold to correct around 1819. Here we liquidate sell orders and establish a buy position with a safe target around 1830 and expect further.  is 1840.

For Live Gold Signals You Can Visit Our Website.

How Do Beginners Trade Stocks in Malaysian Market?

 Entering the financial world is not difficult at all. You need to have basic knowledge of investment, when the market is bullish and when it is bearish, market sentiments and you are good to go. Also, the returns on investment are calculated on the basis of risk. Higher the risk, the higher the returns.

So if you are new to trading, you must be wondering how to trade stocks in Malaysia. So here are some of the basic things that you must know before making any investment in the stock market. Also, we have answered a few common queries that beginners might have in the stock market.

What is the minimum amount to start trading stocks?

There is no minimum amount to start trading stocks. You can start with any amount. Although all this will depend on your strategy of stock trading and the broker that you want to use. So you can start trading with any amount but a sound trading strategy will help you to generate good returns in the market.

Also if you want to start trading in the Malaysia market you need to hire an investment advisor and also a market signal provider. They can guide you and give you proper recommendations about the stock market. They can also give you daily trading tips that will be beneficial to generate good returns in the market.

How much do I need to invest to make a profit in a month?

The key to making money in the stock market is to stay invested in the stock market. Your time in the market is the best indicator of profits generated in the market. The average return provided by the stock market is 10-12% annually. But there are many investors who fail to generate a return of even 10%.

The only reason for this is that they don’t stay for a long period of time. So if you are a beginner to the market, it is important to understand the market trend. It is also important to understand the time of investment and exit strategy for a particular stock.

With all this information you will be able to enter the market successfully, invest a good amount, and generate good returns in the course of time.

The timing of entering and exiting the market is very crucial. A stockbroker or a market signal provider is the best source to get this information. They are experts in this field and with their detailed research, they will help you to find a suitable time for investment. They will also train you about when to hold an investment and when to sell it off.

Overview on XAUUSD by Money Life Research

  The gold market price underwent a horizontal movement after the rise that took place last week, since this horizontal movement has been lingering since the market opened earlier this week.  Today look at the trends and reactions of the market.  Chances are it will drag on until the market shows the next reaction.

 On the chart, yesterday’s price is only testing at the next highest price where the resistance has been successfully broken at the price of 1800.00

 The continuation, at the current price now at 1815.00, this is the highest price yesterday.  What potential is seen can happen.  There are 2 probabilities that can occur at the current price.

 On my observation on the chart, the first thing that can happen is a rejection in the m15 timeframe because at the price of 1815.00 is the nearest resistance accompanied by a trendline confluence that was retested a few minutes ago.  So through this probability, a potential downtrend can occur.

 The second is a breakout at the price of 1815.00 and the fixed price continues to rise at least on hitting the price of 1825.00.  This is because in the past trend the downtrend still dominated the market price only after the increase took place, now the price makes a horizontal movement.  So a horizontal movement like this is no problem to buy and sell at the lowest and highest prices.

 If I do an entry sell, the risk and reward that I will take is between 1: 1.5-1: 3

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Comment on Gold on September 2, 2021

 In yesterday's trading session, precious metal Gold mainly moved sideways in the range 1808-1820.  Closed with an unknown doji candle.  With Gold moving sideways like this, in my opinion we will continue to trade within the sideways range of this precious metal.

 The resistance area pushes the price of precious metal Gold down around 1817-1820 and the support price of Gold around 1808, we can wait to trade in this range.

(Specific and intraday strategies will be updated - Gold price is currently analyzed at 1814$/oz)

For Live Gold Signals You Can Visit Our Website.

Check out the news that happened in the last 24 hours

 1️⃣ Yesterday's main news

 - New York Federal Reserve: Some institutions may apply to become partners in perpetual repurchase agreements.

 - The US government intends to increase the supply of affordable housing.

 - European Central Bank Regulatory Commission: plans to end the purchase of anti-epidemic emergency bonds in March next year.

 - OPEC: The oil supply gap is expected to close to 400,000 bpd in December of this year.

 An oil tanker is stuck off the coast of Louisiana, USA.

 - South Korea's National Assembly passed the "Anti-Google Act", the first law against the payment hegemony of tech giants.

 2️⃣ Today's Financial Facts and Data

 - the number of ADP jobs in the United States for August. The forecast value is an increase of 625,000 and the previous value is an increase of 330,000.

 - the OPEC and non-OPEC ministerial meeting will be held for the 20th time. Kazakhstan said it plans to discuss the parameters of the OPEC+ oil production agreement at the OPEC+ meeting.

 - EIA crude oil inventories in the United States for the week to August 27 will be released, the previous value decreased by 2.98 million barrels.

 - the FOMC voting committee and Fed President in Atlanta, Bostic will give a speech on the theme "Achieving an Inclusive Economy".

For Live Gold Signals You Can Visit Our Website.