Mohammadmahdi Sanei / Profil

Economic Calendar, January 30, 2024

⭐️⭐️ Eurozone Gross Domestic Product (GDP) 🇪🇺

The most important data we have for the Euro is Gross Domestic Product, and based on the available data, there is a possibility that it will be released similar to the previous figure of 0.1.

⭐️⭐️⭐️ US Consumer Confidence 🇺🇸

This data measures the level of consumer confidence in economic activities, and considering the data from the past three months, which have been higher than the previous figure, it is expected that this time it will also be higher than the previous figure, having a positive impact on the US Dollar.

⭐️⭐️⭐️ US Job Openings 🇺🇸

Another important data for the US Dollar is job opportunities, and this data reports the number of job openings throughout the month, excluding the agricultural industry. There is a possibility that the data will be lower than the previous figure, having a negative impact on the US Dollar.

#News #Forex

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📅 **Economic Calendar - January 25, 2024**

⭐️⭐️⭐️ **Eurozone Interest Rate Decision**
- ECB Interest Rate Decision (Jan) 🇪🇺

The most important data for the Euro tomorrow is the interest rate decision. Given the existing data, there is a possibility that it will be released at the same rate as the previous figure, which is 4.50.

⭐️⭐️⭐️ **U.S. Gross Domestic Product (GDP)**
- GDP (QoQ) (Q4) 🇺🇸

For the U.S. dollar, we also have the Gross Domestic Product, which is the most important measure of economic activity and the primary indicator of overall economic health. There is a possibility that it will be lower than the previous figure, which could weaken the dollar.

⭐️⭐️⭐️ **U.S. Initial Jobless Claims**
- Initial Jobless Claims 🇺🇸

Another important data for the U.S. is the initial jobless claims. Given the statistics published in recent weeks, it is expected to be lower than the previous figure, which could be in favor of the dollar.

📌 Tomorrow, we also have a press conference by the European Central Bank (ECB), where clues about future monetary policies and the overall economic outlook, including inflation, will be discussed.

#News #Forex

🔘 **Key Technical Points for Gold Ounce - January 24, 2024!**

🔸 2039
🔸 2030

▪️ 2024

🔹 2020
🔹 2010
🔹 2003

✍🏻 Still, the most crucial daily resistance for the gold ounce is the range of $2030. If it consolidates below the $2020 range, it may act as a scenario for analytical consideration.

(🔸 Resistance 🔹 Support ▪️ Current Price)

#GOLD

🔘 **Key Technical Points for Gold Ounce - January 23, 2024!**

🔸 2039
🔸 2030

▪️ 2027

🔹 2020
🔹 2015
🔹 2007

✍🏻 The most important daily resistance for gold ounce is in the range of $2030. However, as long as it stays around $2020, it can still test resistances. Gold ounce is currently in a range, and it seems that market participants do not see justification for entering it for higher growth at the current price.

(🔸 Resistance 🔹 Support ▪️ Current Price)

#GOLD

❇️ **Currency Status as of Now in the Market!**

🔹 The price of gold increased on Tuesday, accompanied by a slight decrease in the US dollar, as traders acted cautiously ahead of the potential decline in key economic indicators in the United States this week.

🔸 Strongest currency: Australian Dollar

🔸 Weakest currency: Japanese Yen

#Market

🔘 **Key Technical Points for Gold on January 22, 2024!**

🔸2038
🔸2029

▪️2021

🔹2010
🔹2000

✍🏻 Tuesday is relatively quiet on the calendar, and gold may exhibit range-bound movements within resistance and support levels. Intraday resistances and supports for gold are specified. The most important resistance today is in the range of 2030, and the first support is in the range of 2020.

(🔸Resistance 🔹Support ▪️Current Price)

#GOLD

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Hello Dear Traders;

Market Forecast for London Session 17 Jan 2024, Signals are based on High Probability and Wining Rate.

1. GOLD, Strong Sell Potential

2. AUD/USD, Strong Sell Potential

3. NZD/USD, Strong Sell Potential

4. GBP/AUD, Strong Buy Potential (due to GBP CPI news of today)

5. GBP/JPY, Strong Buy Potential (due to GBP CPI news of today)

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Market Forecast for London Session 16 Jan 2024, Signals are based on High Probability and Wining Rate.

1. XAU/AUD: Strong Buy Potential

2. AUD/USD: Strong Sell Potential

3. NZDUSD: Strong Sell Potential

Trading involves a possibility of losing money therefore all decisions in market speculation are undertaken at your own financial risk.

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📊 **Liquidity Absorption Chart**

🔹 **Liquidity Absorption Potential (Major Currencies, Gold, and Oil) - January 15, 2024**

🔹 The larger the number on the chart, the more indicative it is of the potential for the respective currency (considering all fundamental and prevailing sentiment factors) to attract liquidity and grow for the day (and vice versa).

🔹 Given that price changes in the market often move towards price equilibrium based on unfolding events, it's crucial to compare the daily changes on the chart with the preceding days.

🔸 A number on the chart exceeding 25 indicates the potential for upward liquidity absorption and growth.
🔸 A number within the range (25-10) suggests weak upward liquidity absorption and growth, and similarly for negative ranges.

✍🏻 Pay closer attention to changes in the liquidity absorption chart compared to previous days. These changes are what drive movements in the market. The market, at every moment, aims to achieve a new equilibrium based on the unfolding events.

#Liquidity #MarketAnalysis

📈 Key Technical Points for Gold - January 15, 2024

🔸 **Resistance:**
- $2085
- $2072
- $2065

▪️ **Support:**
- $2056

🔹 **Intraday Perspective:**
- $2046
- $2040
- $2030

✍🏻 Today, Monday, marks the first trading day of the week, and with several U.S. states observing a holiday, there is less liquidity in the market. Considering geopolitical issues, gold is maintaining its upward guard, and within suitable support ranges, one might consider a buy position for gold. It's essential to note that gold is currently situated in high-risk trading ranges, both from a buying and selling perspective.

(🔸Resistance 🔹Support ▪️Current Price)

#GOLD

🔘 **Cash Absorption Chart**

🔹 **Potential Cash Absorption (Major Currencies, Gold, and Oil) - January 10, 2024**

🔹 The larger the number on the chart, the greater the capacity of the respective currency (considering all fundamental and sentiment factors) to absorb cash and grow for the day (and vice versa).

🔹 Given that price changes in the market often move towards price equilibrium based on events that occur, one crucial aspect of this chart is comparing its daily changes with its previous days.

🔸 A chart number above 25 indicates potential absorption and upward growth.
🔸 A chart number in the range of (25-10) indicates weak potential absorption and upward growth, and conversely for negative ranges.

🔘 **Cash Absorption Chart**

🔹 **Potential Cash Absorption (Major Currencies, Gold, and Oil) - January 9, 2024**

🔹 The larger the number on the chart, the greater the capacity of the respective currency (considering all fundamental and sentiment factors) to absorb cash and grow for the day (and vice versa).

🔹 Given that price changes in the market often move towards price equilibrium based on events that occur, one crucial aspect of this chart is comparing its daily changes with its previous days.

🔸 A chart number above 25 indicates potential absorption and upward growth.
🔸 A chart number in the range of (25-10) indicates weak potential absorption and upward growth, and conversely for negative ranges.

✍🏻 The market is in a dilemma with the economic data of the United States. In this situation, the situation of gold can be followed very cautiously. The yield rate of bonds is crucial and strongly influences the movements of gold and the dollar. As mentioned before, the current market valuation is not favorable for the ascent of gold due to changes in interest rates.

🔴 Important News on Tuesday in the Forex Market:

Economic Calendar - January 9, 2024

⭐️⭐️ Tokyo Core Consumer Price Index (YoY) (Dec) 🇯🇵

In this data, the change in prices of goods and services purchased by consumers in Tokyo, excluding fresh food, is measured. It is expected that this figure will be lower than previous numbers, potentially weakening the Japanese yen.

⭐️⭐️ Eurozone Unemployment Rate (Nov) 🇪🇺

The unemployment rate is expected to remain similar to previous figures, with little impact on the euro.

📌 Additionally, other data will be released that may have short-term effects on the market, including the trade balance and imports and exports of the United States and Canada.

🔘 **Key Technical Points for Gold - January 9, 2024!**

🔸 **2054**
🔸 **2044**

▪️ **2033**

🔹 **2030**
🔹 **2013**
🔹 **2000**

✍🏻 Gold found good support from the 2020 range. Currently, the most important figure today is **2030**. Staying above this range will guide gold back towards support levels. Liquidity is currently awaiting confirmation from calendar data for entry into gold.

(🔸Resistance 🔹Support ▪️Current Price)

#GOLD