Gold comments on April 30, 2021

 ‼️ ️In yesterday session, gold precious metal had a strong decline to around 1755 then rebounded to around 1775, closing the day with a bearish candle at around 1772.  Although the force of decline last night was quite strong, but the price has not yet broken down to close below 1765 so the buying force with this precious metal is still there.  In my opinion we will buy short around this price range today and wait for the selling point to drop with the precious metal Gold.

 - Considering the shorter time frame H4, we were very correct to stand out with this precious metal yesterday when there was a strong downside candle in the 1755 zone and follow me this candle.  Not to say many things, so the gold support price zone is still around 1765-1770.  We can establish a short position here with a safe take profit around 1780. So at this zone we will wait for the next signal of the precious metal Gold.

 - The yellow metal signal is only valid in the first 2 sessions today, entering the US session, we should stand out of the market because today is the end of the weekly and monthly candles, so there is a possibility that there will be profit-taking forces of the market.  Note that this information can be made in the precious metals market.

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Dax Analysis by Money Life Research

 ℹ️ #DAX #ANALYSIS

After yesterday's false break above the side the DAX seems to still have some bullish strength, but it may still be early for it to break this side well, it may need to consolidate a bit more.  Regarding data, today we have the GDP Usa.

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Comment on Gold on 04/27/2021

 📕 Comment on Gold on 04/27/2021:

‼️ ️ End of session yesterday, gold precious metal had 1 day of increasing as expected from 1768 to 1783 ($ 15) closed the daily candle with a bullish candle again after 2 previous falling days.  .  With the falling gold did not break through the 1768 price zone yesterday and rebounded so in my opinion this momentum will be maintained in the beginning of today's session.

 - Considering the shorter time frame H4 we can see a short term resistance zone at 1785 but in my opinion the precious metal Gold will soon surpass this resistance to move to higher levels.  The safe target of this uptrend will be around 1790 and beyond being able to retest the "old peak" of 1795 in today's session.  The support zone pushed up precious metal price during the day is still around 1770-1775.

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Klse Close Market News

 KLCI breaks two-day gaining streak in cautious trade

KUALA LUMPUR (April 27): The FBM KLCI broke a two-day gaining streak to close lower in cautious trading today in line with the trend in most regional markets.

The benchmark index closed 16.79 points or 1.03% lower at 1,606.68.

Areca Capital Sdn Bhd CEO Danny Wong said the generally bearish sentiment was also seen in other regional markets, as cautious investors awaited the outcome of the upcoming US Federal Reserve meeting.

Gainers among KLCI constituents included Axiata Group Bhd (up 1.04% or four sen at RM3.87) and Kuala Lumpur Kepong Bhd (up 0.09% or two sen at RM21.80).

On the broader market, some 7.17 billion shares worth RM5 billion were traded. Losers outnumbered gainers 686 to 415 while 437 other counters closed unchanged.

The top actively traded stock was Focus Dynamics Group Bhd with 786.73 million shares traded, followed by Kanger International Bhd and Careplus Group Bhd. Top gainers were Teo Guan Lee Corp Bhd, Pecca Group Bhd and Malpac Holdings Bhd, while the top losers were Nestle (Malaysia) Bhd, Hartalega and Petronas Dagangan Bhd.

Asian stocks lacked direction today as a surge in virus cases in the region and the Federal Reserve’s meeting this week kept investors on the edge, Reuters reported.

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Comment on Gold on 04/26/2021

 closed with a doji candle.  This shows an indecision between buying and selling forces.  Maybe it's a signal of an upcoming reversal on the weekly chart time frame.

- Moving to the daily chart time frame, we can see that in the last trading sessions of last week, when the price moved back to the old high of 1795, the price could not pass even though the USD had a strong downward force.  .  So in my opinion this price zone will be the resistance where we can establish a sell down position on Gold this week when the bulls come here.

 - Considering on a shorter time frame of H4, we can establish a buy position at the neckline area from the candle of April 16, 2021 to the present to expect this precious metal to form a reversal pattern on the timeframe  time H4.  The safe target for this buying span is around 1785-1790.  Here we liquidate the order and watch for the sell signal.

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AUSTRALIAN DOLLAR WEEKLY FUNDAMENTAL FORECAST

 AUD/USD price action has drifted broadly sideways over the last month or so. The Australian Dollar looks like it has started to perk up a bit more recently, however, as Aussie bulls attempt to regain lost ground and capitalize on US Dollar weakness. 

This may follow an improving outlook for the Australian Dollar on account of the latest flash PMI data, which showed an acceleration in private sector growth to the strongest reading on record. Australia’s PMI report also noted that ongoing supply chain disruptions continued to exert upward pressure on inflation, adding that the data showed the “steepest increases in both input costs and selling charges since inception of the PMI survey.”

This brings to focus the upcoming release of Australian inflation data scheduled to cross market wires next Wednesday, 28 April at 01:30 GMT. According to the DailyFX Economic Calendar, the consensus forecast for headline inflation stands at 1.4% year-over-year, which would reflect a notable rise from 0.9% reported last. A better-than-expected inflation print likely stands to send AUD/USD price action snapping higher whereas a disappointing figure could spark a bearish reaction by the Australian Dollar.

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Comment on Gold April 23, 2021

‼️ ️ At the end of last trading session, gold precious metal had a decrease from 1797 to 1777 (20 $) after touching MA20 on W1 week time frame, closing yesterday session at 1783 price range.  Selling appeared at around 1797 but after reaching around 1777 the price started to appear further buying pressure on the weekly chart. The buying force is still supporting the uptrend.

 - Moving to a shorter time frame than H4, we can see that the last 3 H4 trees are all withdrawal candles after touching 1777, proving that in the short term, there has been a lot of buying power to support the coin  direction of increase.  So in my opinion in the beginning of today's session we can make a buy position on this precious metal here.  The safe target will be around 1795. Here we can make liquidity and watch for sell signal with this precious metal.

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