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Gold Weekly analysis 📝 Weekly gold ◽️ After Powell's speech at the Jackson Hole meeting, sellers will have the upper hand because the Fed's hawkish policies will continue. ◽️ This week's NFP report has gained importance as speculation of the Fed's next rate hike increases. ◽️ This week's US NFP report is one of the final pieces of the September interest rate-setting puzzle for the FED. ◽️ We also have the Chicago PMI and the ADP employment report for Wednesday, and the ISM manufacturing PMI on Thursday. On Friday, the NFP report will be released, which is expected to have created 290,000 new jobs in August after the unexpected data of 528,000 jobs in the previous month. ◽️ But what is important is that the Fed said last week that keeping inflation under control is important to them and that they are not backing down from their hawkish stance even as fears of a recession intensify. ◽️ So the chance of an interest rate increase of 0.75% is still high And the only reason the Fed won't budge from its hawkish stance is employment data. If the labor market suffers, the possibility of a 0.5% interest rate increase may still be exceeded 🔻 Fundamentally, there is nothing to effect on gold because the Fed said everything it had to say. US inflation and FED speak all priced on gold. According to our analytical analysis team, it is possible to trade gold with US10Y in the short term. 🔻 If inflation continues, the Federal Reserve will reduce the rate of interest rate hikes 🔻 Friday's inflation report is more important than Powell's speech. Inflation is falling and gold should react positively. 🔻 Importante Supports: $1728, $1711 and $1700 🔻 Importante Resistance: $1754, $1765 and $1775

Range or WAIT? or SELL?On the other hand, given the good news on the US dollar, on the other hand, the bearish outlook for the EURUSD is currently neutral, which means that the probability of failure on both sides will fluctuate. Key support and resistance levels will be at 1.1280 and 1.1360, respectively. The Ziwox terminal trading offer in the daily trading mode is selling on price corrections. Also, in terms of swing trading, the terminal knows patience better. A break of 1.13839 indicates the strength of the euro to reach 1.1602, and where we are ready to resell this.

EURUSD, Bearish Flag patern The downside flag on the EURUSD currency Given the divergence between the European Central Bank and the US Federal Reserve, the euro is likely to experience lower prices against the dollar. Despite the disappointing NFP figure, analysts believe that the Federal Reserve will continue to tighten market conditions this year. This will be achieved by ending quantitative easing policies and then raising interest rates. Analysts at banks such as Barclays believe that the Federal Reserve will increase in March this year. Forecast for EURUSD According to the daily chart, we see that the EUR / USD pair has been in a volatile range over the past few months. As a result, the pair has moved between the 25-day and 50-day exponential moving averages. A closer look shows that the chart forms a descending flag pattern. The price is currently slightly lower than the top of the flag pattern. Therefore, it is likely that the pair will decline in the coming days as investors predict a divergence between the Federal Reserve and the European Central Bank. The information of the Ziwox terminal is in the same direction. -Link The fundamental direction of this pair is declining Analysts and financial institutions forecast a 67% decline. Their retailers are more focused on buying this asset, which further reinforces this downward scenario. This pattern of the flag is confirmed by breaking area 1.12637. Be successful and profitable.