#XAU/USD# #commoditi...from Martin.phan

09 Nov 2022, 16:26 · Views 461

#XAU/USD# #commodities: Despite the dollar's tumble, #oilprices slumped 3% as Covid-19 battle in China escalated and as crude futures market participants tried to limit exposures ahead of weekly U.S inventory data due on Wednesday. Brent crude was down 2.6% to $95.36 while U.S WTI lost 3.14% to $88.91 per barrel. Resurgent safe haven demand and weaker dollar sent #goldprices to one-month high. Spot gold traded above $1,700 while gold futures rose to $1,715.90. Both instruments edged up over 2% in the last session.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Reply 1

Leave Your Message Now

Martin.phan

156 Posted · 212 Followers

I am here to talk about my definition, my points of view about Forex market.I am happy to be a part of your profit when my signals can help you!

XAU/USD

36,005 Followers

NZDUSD is in price channel which is made by two trendlines.Now the price will go sideway within my price channel, but the trend of NZDUSD is still downtrend.So I expected it will hardly rush down.by the way, Ichimoku cloud is also give signal downtrend is continue happening.So, considering Sell options: +Sell:0.62635,S/L:0.62765,T/P:0.62325,0.62049

Martin.phan

#NZD/USD# NZDUSD now is in Ichimoku cloud, so it shows that price is within sideway,but my expect is the price will go down to 0.6391 and has a slightly increase to retest at 0.6343. +Sell: 0.6341,S/L:0.6348,T/P:0.6317,0.6298

Martin.phan

#NZD/USD# NZDUSD yesterday has increase strongly, but it faces off with the resistance at 0.63470 and felt back down.Now it is going to retest its old top 0.63387 and maybe it could be decrease to its own down trendline at 0.62902.Waiting until it retest at its old top then consider Sell options: Sell:0.63398, 0.63470,S/l:0.63558,T/p:0.63046,0.62866

Martin.phan

#XAU/USD# #oil plummeted to near a one-year low as worries over recession offset positive supply-side signals from a bigger-than-expected crude inventories. Brent oil futures sank 0.3% to $79.51 while WTI crude futures lost 0.1% to $74.16 per barrel. Many are awaiting November’s U.S producer inflation data to see if it would trigger more volatility to the market. #goldprices pinned below $1,800 on the recovery of the dollar while the markets awaited inflation and GDP data from major countries for further clues in the global economy. Spot gold now traded around $1,770.33 while gold futures fell 0.1% to $1,782.35.

Martin.phan