🧠 MORNING ROUTINE DONE
Back to the charts, hunting clean setups 🤑
Trade smarter, not harder
Back to the charts, hunting clean setups 🤑
Trade smarter, not harder
📊 US Economic Data Outlook Today | High-Impact USD Events Today
Two key US economic indicators are scheduled today, both capable of driving USD volatility, Gold movement, and FX trends.
⏰ 6:45 PM (USD)
ADP Non-Farm Employment Change
• Forecast: 46K
• Previous: 41K
ADP acts as a leading indicator for labor market strength and often sets the tone ahead of NFP.
⏰ 8:30 PM (USD)
ISM Services PMI
• Forecast: 53.5
• Previous: 54.4
ISM Services is crucial as services dominate the US economy. Any surprise here can quickly shift risk sentiment.
🔎 Market Impact Scenarios:
1️⃣ Strong Data (Above Forecasts)
• USD strengthens
• Gold faces selling pressure
• EURUSD & GBPUSD likely move lower
2️⃣ Weak Data (Below Forecasts)
• USD weakens
• Gold gains support
• EURUSD & GBPUSD may extend higher
3️⃣ Mixed Data
• Choppy price action
• Direction driven mainly by ISM outcome
📌 Traders should be prepared for volatility spikes and false breakouts around release time.
Two key US economic indicators are scheduled today, both capable of driving USD volatility, Gold movement, and FX trends.
⏰ 6:45 PM (USD)
ADP Non-Farm Employment Change
• Forecast: 46K
• Previous: 41K
ADP acts as a leading indicator for labor market strength and often sets the tone ahead of NFP.
⏰ 8:30 PM (USD)
ISM Services PMI
• Forecast: 53.5
• Previous: 54.4
ISM Services is crucial as services dominate the US economy. Any surprise here can quickly shift risk sentiment.
🔎 Market Impact Scenarios:
1️⃣ Strong Data (Above Forecasts)
• USD strengthens
• Gold faces selling pressure
• EURUSD & GBPUSD likely move lower
2️⃣ Weak Data (Below Forecasts)
• USD weakens
• Gold gains support
• EURUSD & GBPUSD may extend higher
3️⃣ Mixed Data
• Choppy price action
• Direction driven mainly by ISM outcome
📌 Traders should be prepared for volatility spikes and false breakouts around release time.
❤1
Silver Soars by 5.84%
Top commodity gainers are Silver (5.84%), Platinum (4.41%) and Gold (2.69%).
Top commodity gainers are Silver (5.84%), Platinum (4.41%) and Gold (2.69%).
GOLD – BUY SETUP
Entry : CMP
Target : 50 pips | 100 pips
SL : DM
Let’s go 🚀 London session is active!
Entry : CMP
Target : 50 pips | 100 pips
SL : DM
Let’s go 🚀 London session is active!
What you need to know on Thursday, February 5th
# United States (US) President Donald Trump signed a bill late Tuesday to end the partial government shutdown, providing some immediate relief.
# He also announced that talks with Iran would take place later this week in Oman regarding the country's internal crisis.
# United States (US) President Donald Trump signed a bill late Tuesday to end the partial government shutdown, providing some immediate relief.
# He also announced that talks with Iran would take place later this week in Oman regarding the country's internal crisis.
SILVER 4H CHART ANALYSIS
Silver has shown a brief pullback following last week’s sharp decline, but renewed weakness toward the prior lows near the 70 level remains likely. The price is currently reacting to resistance from a bearish FVG, while the RSI at 40 indicates continued downside momentum. With prices holding below key EMAs, the short-term downtrend appears intact, suggesting further pressure may persist.
Silver has shown a brief pullback following last week’s sharp decline, but renewed weakness toward the prior lows near the 70 level remains likely. The price is currently reacting to resistance from a bearish FVG, while the RSI at 40 indicates continued downside momentum. With prices holding below key EMAs, the short-term downtrend appears intact, suggesting further pressure may persist.
Silver breakdown alert👊
Silver just formed a Bearish Flag and the structure points to a potential 55% drop.
Meanwhile, Gold is testing a key confluence zone.
Levels that matter:
• Silver target: $53.70
• Key support: $72.14
• Gold resistance: $5348
Silver just formed a Bearish Flag and the structure points to a potential 55% drop.
Meanwhile, Gold is testing a key confluence zone.
Levels that matter:
• Silver target: $53.70
• Key support: $72.14
• Gold resistance: $5348
*Global Market Insight*
Stocks: US & Asian markets weak, tech under pressure
Gold/Silver: Short-term bearish, high volatility
Dollar: Strong — keeping pressure on metals
Oil: Stable but choppy
Stocks: US & Asian markets weak, tech under pressure
Gold/Silver: Short-term bearish, high volatility
Dollar: Strong — keeping pressure on metals
Oil: Stable but choppy
XAUUSD Analysis Intraday View on 15-Minute Timeframe Gold is currently displaying underlying strength; however, the RSI is indicating a divergence, suggesting the possibility of a near-term rejection from the 4,944 level. If prices manage to sustain above the 4,950 mark, further upside momentum is likely. Conversely, failure to hold above this zone could lead to a pullback, particularly around the New York session open.