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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USD: This week, Wednesday will be the cornerstone for the dollar

Looking around global asset markets, it seems that trust in the global recovery is increasing. Commodity prices are starting to advance strongly and Brent is trading close to $64/bl. Equities are also doing well, with some Asian stock indices now up more than 10% year-to-date and outperforming the Nasdaq. And the steepening of the yield curve continues as investors return the inflation premium to the long end of the market, while the short end remains anchored. The opinion that the 2020 contraction was not as deep as feared was also backed by 4Q GDP from many parts of Asia overnight. Then the story seems to be moving on to the question of how nice things have to get before central banks eliminate the cheap liquidity punchbowl? On Wednesday, when the US publishes January retail sales, this issue will be in focus and we will also get to see the FOMC minutes for January. Until the event risk on Wednesday, the dollar will remain supported against the low-yielders of JPY and EUR, but our core position is that the Fed is prepared to let the economy run hot-the that's the whole point of Average Inflation Targeting-and that the dollar should remain widely offered. Indeed, as vaccine rollouts accelerate across the globe, we're looking for another large leg of the dollar decline in 2Q.

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Gold Market Report News

Gold on February 15, 2021

 ‼ ️ At the end of last week's trading session, world gold price had 1 week of recovery after next week's sharp decline.  The world gold price last week has sometimes bounced up to 1855, but this rise was not maintained until the end of the week.  Closing the weekly candlestick with an upside-down candle at 1823. With the closing of the weekly candlestick being a bullish candle, in my opinion, this momentum will be maintained during the first few sessions of the day.  this week.

 - This increase, in my opinion, is also evident in the candle on Friday last week when the price dropped to 1810 but at the end of the session, it pulled back close to the opening price on the day, so on the daily candlestick.  I also support an uptrend that I do subjectively evaluate on the weekly chart.

 - Considering the smaller timeframe H4 we can see the price range we can establish a buy position around 1820. The closest target I think this precious metal can achieve is around the threshold.  1832 and the expectation are 1838-1840.  This is the resistance zone of the gold during the day.

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Looking Beyond The Chaos Of Retail Trading?

 As a choppy risk climate revamped safe-haven demand for the greenback, the dollar has had a good week against most peers. That said, the pause in the decline in the dollar seen in January has not been followed by a strengthening of the main arguments in favour of a bearish medium-term view. The Fed's reiteration of its "lower for longer" posture leaves the real-rate profile of the USD as highly unsupportive of the currency, and we are inclined to assume that a resumption of a healthy risk rally is likely to occur in the coming months. The retail-trading-induced high volatility in some stocks and the subsequent trading restrictions on the Robinhood online platform have been an unusual driver of risk appetite in the past few days. This definitely remains one thread to follow, which may keep investors jittery for a little longer, signalling that new defensive dollar positions might not yet be unwound.

That said, as the first batch of hard data for 2021 is released, we might potentially see the market's emphasis turn back to more "textbook" fundamentals this week. The January employment report will be the highlight of the week and we expect a reading of +100k, which is slightly above consensus, but is unlikely to create a lot of enthusiasm from the sector.

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Update- Comex Signals for 24 hrs Profit in 2020

Before discussing the topic; first of all let us talk what Comex is

Comex – It is the primary futures and market option for trading metals such as silver, gold, aluminum, and copper. Comex was previously called as the Commodity Exchange Inc. In 1994, Comex was merged with the New York Mercantile Exchange (NYMEX). It became the division that is responsible for metals trading.

In 1933 Commodity Exchange Inc was founded by the merger of four smaller exchanges in New York, such as the Rubber Exchange of New York, New York Hide Exchange, the National Metal Exchange, and the National Metal Exchange. Comex is the merger between the New York Mercantile Exchange (NYMEX) and the Commodity Exchange Inc. Comex is the world’s largest physical futures trading exchange and operates out of the World Financial Center in Manhattan. It is a division of Chicago Mercantile Exchange (CME).

As per CME, about 400,000 futures and options contracts executed on Comex every day, which makes the most liquid metals exchanges all over the world.

Comex is the leading clearinghouse for silver, gold, and copper futures that are traded in standardized contract sizes and mini or micro version. There are other future contracts traded on Comex such as steel, palladium, aluminum, and platinum.

Comex signal – It is beneficial for trading in a commodity market, which is generally at a fixed cost and time and the message is created by a human analyst or an automated comex robot. It is supplied to a subscriber of the product recommendation or comex signals service and maintains trader updated about movement in global market. Generally it is provided by the professional traders via SMS alerts, email alerts and many more. Comex market is a worldwide platform in which investors and traders to maximize the capital. In this type of market, you can trade Crude oil, Brent crude, Gold, Copper and Silver. These are all parts of comex trading in which you can start invest the money and gain huge profit. For successful trading, investors use comex signals.

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There are Top Comex signals for 24 hrs profits in 2020 are as given below

1. Gold signals
2. Silver signals
3. Crude oil signals
4. Brent crude signals
5. Energy Signals

Comex recommendations offer reliable and Comex trading tips for customers who are interested in trading in the Comex market.

Comex Tips is a tip for those investors who are interested in trading in global commodities traded on Comex. The Comex Market is vast with features of liquidity and high volume; thus traders can earn with huge profit.

Gold is a costly and precious metal that allows producing better wealth about the market with general Comex Gold Tips. Gold bars are available in several different sizes and shapes for trading in the market.  It is the main Comex Gold tips to avoid purchasing gold bars large in size, which is inconvenient to sell them. We should always buy and sell process as per market trend and right Comex tips.

Investors can prefer gold because it consists of high liquidity, which allows enormous profit and making opportunity at the time when the market is down. When the market is up then the selling of gold is very profitable for the investors. It is the crucial Comex Gold tips for investors in the global market to earn huge profits. The opportunity is for the traders to take leverage in gold trading through predicting based on options or markets and equity.

Source- <https://www.moneyliferesearch.com/top-comex-signals-for-24-hrs-profit-in-2020/>