[GVI Forex 2]

XAUUSD (GOLD)

Trying to build fresh momentum to the upside THAT

…requires break of 3364-80 to put 3400 in play again

If you treat the range at 3300-3400, then 3350 (currently support) will set the tone.

XAUUSD 1 HOUR CHART

[GVI Forex 2]

Using my platform as a Heatmap shows.

… the dollar is trading weaker, extending its slide following Tuesday’s release of US CPI

– EURUSD has regained 1.17+
– USDJPY is trading soft below 148
– GBPUSD is trading firm above 1.35

Gold is firmer, testing resistance at 3364

US stocks holding firm as SP500 and Nasdaq etrend trade in record high territory

US bond yields slip

Bitcoin’s focus is on 120,000

[Mtl JP]

this came out earlier
just for the record: “U.S. deficit grows to $291 billion in July despite tariff revenue surge” – cnbc

[Mtl JP]

IF jeff reports that

“Fed board contenders Miran, Bullard say tariffs are not causing inflation”
Jeff Cox, cnbc

that it must be so , eh ?

[Mtl JP]

USDJPY 147.76 as I type
–
players are likely continuing to cull their bull yen positions

some potential price-moving reactions to data:
– GDP on the 14th and
— industrial production on the 15th

[GVI Forex 2]

Savvy Trader’s USDJPY Update – Key Levels and EURJPY Timing Signal

USDJPY has been a trader’s paradise for a year but the next big move may be down.

Here’s why the Savvy Trader is selling rallies with an initial target of 143.20 and watching EURJPY for the timing cue.

 

[GVI Forex 2]

USDJPY

Failure around 148.50 and move back below 148.00-10 have cooled the upside but only below 147.35 would confirm the high is in and shift the risk to 146.62.

USDJPY 4  HOUR CHART

[GVI Forex 2]

NAS100 (NASDAQ)

Unchartered new record high territory/

If the former 23729 high becomes support then 24000 becomes the next target with 25000 beyond it.

In any case keeps a bid as long as it trades above 23500.

NAS100 4 HOUR CHART

 

[GVI Forex 2]

US500 (SP500)

Anyone remember the children’s book “The Little Engine That Could?”

The little engine said as it climbed up the hill,” I think I can, I think I can.”

When it reached the top of the hill and headed down it said, “I thought I could, I thought I could.”

Well, US500 thought it could break its record 6441 high and finally did it.

Now the challenge is to establish above it for a run at 6500.

In any case, keeps its bid while above 6400-10

US500 4 HOUR CHART

[Belgrade Bobby]

XRPUSD

Ripple strongly bounced Up from that support line at 3.1000 but stayed short of yesterdays high at 3.3330

Supports: 3.2365, 3.2125 & 3.1115

For clear picture it needs to take out 3.40, and as long as below it we might see more supports tests

[Belgrade Bobby]

Microsoft Corp. – MSFT

Microsoft held above 518.00 and seems it is starting Up again…

Resistances: 530.00, 537.30 & 555.45

Supports: 527.60, 526.35 & 519.20

[Belgrade Bobby]

NIO Inc. – Update

So far support at 4.45 held, but whole picture is Bearish right now

To change it Nio should go over 4.70 and that would be kind of dreaming….

4.30 is another level that might provide enough support to change current direction…that is Down…

[Belgrade Bobby]

Advanced Micro Devices Inc. – AMD

AMD is fighting hard to stay in the game

Needs to go above 174.55 to renew the Up momentum

Resistances: 178.85 & 182.50

Supports: 173.30 & 170.50

 

[Belgrade Bobby]

AMC Entertainment Holdings Inc. – AMC

After yesterday’s rally AMC went into consolidation today.

To continue Up following supports have to hold:

2.95 & 2.85

Resistances: 3.15, 3.25 & 3.40

[Belgrade Bobby]

Palantir Technologies Inc. –  PLTR

188.00 taken out and we have a new high – 188.15

To explain a bit how it works technically : for big moves through , when some resistance/support is broken it is necessary to have stops placed…without stops , moves are much smaller

Most important now for Palantir is to have  a good close – and the best one would be just above 185.00.

So far it looks very good and capable of finishing this wave somewhere around 199.00

[GV News]

US Stocks – Movers and Shakers – Technical Overview

US companies below have the highest value on the market. These are well-known, established companies and sector leaders.

[GV News]

US Stocks – Biggest Losers

[GV News]

US Stocks – Top Gainers

[GVI Forex 2]

XAUUSD (GOLD)

Three scenarios:

1) If the range is 3300-3400 then 3350 is the midpoint and the bias setter.

2)If the bulls are biding their time then 3358 needs to be regained to put 3400 back on the radar.

3)If there is to be a further retracement that turns more serious, 3282 would need to be broken

Current range 3330-60

XAUUSD 4 HOUR CHART

[Mtl JP]

in another tone
piece below is just a reiteration and confirmation of closer to here and now profit opportunities

Europe builds for war as arms factories expand at triple speed – FT
FT radar analysis reveals historic scale of rearmament, stretching over 7mn sq metres of new development

piece even names names to hold for price gaines and thus potential profit

[Mtl JP]

about PROJECTION

Unsettling photos show the effects of climate change projected onto our everyday lives

“When kids look at our pictures, they become immediately conscious about the problem. These pictures speak about the future, and the most important thing is that the message passes on to them.”

OR … lets freak out the kids instead of letting kids be kids and let them play

only on cnn …

[Mtl JP]

IF he “won’t release it” then you will know that CPI inflation numbers have picked up.

so it would be a tradeable reverse corollary.
would it be difficult ?

[ST London]

If CPI picks up will the new BLS chief say numbers are wrong so we won’t release it.

[Mtl JP]

for those who appreciate satire
courtesy tyler at ZH

“Tariffs Have Not Caused Inflation” – Trump Rages At “Bad Predictions”, Slams Goldman CEO

[Mtl JP]

exciting headline on cnbc’s front page:
“S&P 500 jumps to record high as inflation report gives Fed green light to cut rates”

…Wall Street will also parse Thursday’s producer price index report for a reading on wholesale inflation. Both reports come ahead of the Fed’s Jackson Hole gathering at the end of August, ahead of the central bank’s September policy meeting. …

President Trump should be only mixed-feeling satisfied

[GVI Forex 2]

XTIUSD (WTI)

Breakdown through 64.21 exposes a risk for 60.00-62.00 while below it.

Only back above 67.27 would negate the downside risk.

XTIUSD DAILY CHART

[GVI Forex 2]

NAS100 (NASDAQ)

Blasting to a new record high

Initial support at the old 23729 high but keeps a bid as long as it trades above 23500.

Next resistance is pure guesswork with 24000 an obvious target.

NAS100 4 HOUR CHART

[Mtl JP]

euro 1.1681

I am now flat.
see after NY close if I try to trade overnite asia / europe sessions

[Belgrade Bobby]

Nvidia – NVDA

Nvidia is hovering below previous high at 183.88 waiting for a chance to break it

Has to go above ( and stay there ) 182.95 to be able to make it.

Target in 192.00 area

[Belgrade Bobby]

Robinhood Markets Inc. – HOOD

And a new high today at 117.70 – again

Now Hood has to stay above 115.05 to be able to continue to the target at 123.50

As it is in uncharted territory , there are no visible resistances….

[Author]

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