Gold: On the verge of a collapse? [Video]

Neerav Yadav 50 Eyes Market Analysis

In this Trading Opportunities Webinar, Neerav Yadav (Author of “Think with the Markets”) has discussed charts of Forex, Commodities, Indices.

All discussions are based on Advanced Elliott Wave, with detailed Wave counts as well standard Supply and Demand analysis.

Timestamps:

00:00 – Disclaimer
02:30 – About Us
05:54 – EURUSD (Moving as per analysis)
12:04 – Crude Oil
15:06 – Gold (Possible complex correction)
25:27 – SPX
31:08 – Nifty (Further downside possible)
36:25 – Bitcoin

Author

Neerav Yadav

50 Eyes Market Analysis

Neerav Yadav is a Futures trader who is in the markets since 2014 and trades primarily in Energy Futures, Gold, Indices, Stocks and other instruments.

GBP/USD clings to recovery gains near 1.3550 after UK CPI data

GBP/USD holds recovery near 1.3550 in European trading hours on Wednesday. The UK annual Consumer Price Index (CPI) inflation picked up to 2.9% in July, meeting estimates, while core CPI rose by 2.6% YoY in July versus 2.5% expected. Mixed UK inflation data failed to provide any impetus to the British Pound.

EUR/USD advances to 1.1600 as USD slips ahead of Fed Minutes

EUR/USD stretches higher toward 1.1600 in Wednesday's European session. The US Dollar resumes its downside as weak US economic data weigh on expectations of tighter Federal Reserve policy. Traders will take further cues from ECB President Christine Lagarde’s speech and the FOMC Minutes later in the day.

Gold climbs back above $4,350 as USD remains depressed ahead of FOMC Minutes

Gold climbs back above $4,350 during the first half of the European session, reversing a part of the previous day's heavy losses. The US Dollar attracts some sellers, and for now seems to have stalled this week's goodish recovery from a two-month low, which is seen as a key factor supporting the commodity. Bulls, however, might opt to wait for more cues about the US Federal Reserve's future policy path before placing fresh directional bets on the non-yielding yellow metal.

Shiba Inu's recovery hinges on key support

Shiba Inu recovers slightly, trading at $0.0000044, after finding support around the critical level earlier this week. The dog-themed meme coin shows improving sentiment as social dominance rises, funding rates turn positive, and bullish traders increase their long positions. On the technical side, SHIB suggests a potential recovery if it holds above the key $0.0000043 level.

Minutes of the July FOMC meeting serves as one of today’s economic highlights

Bear steepening turned into bear flattening in Europe yesterday. Daily changes on the German yield curve ranged between +2.4 bps (30-yr) and +5 bps (2-yr). EU swap rates added 0.9 bps (30-yr) to 4.5 bps (2-yr). The US/Iran stalemate and higher energy prices offer a first explanation.

Why is Crude Oil priced for a reopening the ships haven't made?

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.