⚡️Press And Profit⚡️
Make sure to set breakeven and secure this winner💥
Lock it up🪙
Make sure to set breakeven and secure this winner💥
Lock it up🪙
MOBILE FOREX ®️
@mobileforexofficial1
Official group by Mobile FX official ✅
Our mission is to simplify trading and inspire our generation of young men and women all over the world to become consistently profitable traders
MOBILE FOREX ®️
22 Oct, 08:24
XAUUSD SELL 2736. 2738
SL 2746
TP 2732
TP 2729
TP 2725
TP 2722
TP 2720
TP 2716
USE SMALL LOT SIZE
SL 2746
TP 2732
TP 2729
TP 2725
TP 2722
TP 2720
TP 2716
USE SMALL LOT SIZE
MOBILE FOREX ®️
22 Oct, 08:24
Gold Market Overview:
- Gold price rebound: Gold is bouncing back toward the $2,741 record high on Tuesday, supported by a tepid risk tone and a pause in the US Dollar rally.
- US Dollar pullback: The Greenback retreats as Treasury bond yields consolidate after a recent spike, giving Gold room to recover after Monday’s reversal.
- Risk sentiment: Uncertainty around the US presidential election and market caution before the US earnings season keep demand for Gold intact as a safe haven.
Key Drivers:
- US Dollar pause: A temporary pullback in the US Dollar and Treasury bond yields supports Gold's bullish momentum.
- Geopolitical uncertainty: Uncertainty surrounding the US election and the upcoming BRICS Summit drives investors toward Gold.
- Fed easing outlook: Expectations of less aggressive Fed rate cuts could limit Gold's upside as it boosts demand for US Treasury bonds and the USD.
Technical Outlook:
- Resistance at $2,741: A break above this all-time high could push Gold toward the $2,750 psychological barrier, with further resistance at $2,746.
- Support at $2,700: Immediate support lies at $2,700, followed by the October 18 low of $2,692. Deeper correction could test $2,670.
- RSI Indicator: The RSI remains in overbought territory, suggesting room for further gains if $2,741 is breached.
- Gold price rebound: Gold is bouncing back toward the $2,741 record high on Tuesday, supported by a tepid risk tone and a pause in the US Dollar rally.
- US Dollar pullback: The Greenback retreats as Treasury bond yields consolidate after a recent spike, giving Gold room to recover after Monday’s reversal.
- Risk sentiment: Uncertainty around the US presidential election and market caution before the US earnings season keep demand for Gold intact as a safe haven.
Key Drivers:
- US Dollar pause: A temporary pullback in the US Dollar and Treasury bond yields supports Gold's bullish momentum.
- Geopolitical uncertainty: Uncertainty surrounding the US election and the upcoming BRICS Summit drives investors toward Gold.
- Fed easing outlook: Expectations of less aggressive Fed rate cuts could limit Gold's upside as it boosts demand for US Treasury bonds and the USD.
Technical Outlook:
- Resistance at $2,741: A break above this all-time high could push Gold toward the $2,750 psychological barrier, with further resistance at $2,746.
- Support at $2,700: Immediate support lies at $2,700, followed by the October 18 low of $2,692. Deeper correction could test $2,670.
- RSI Indicator: The RSI remains in overbought territory, suggesting room for further gains if $2,741 is breached.
MOBILE FOREX ®️
21 Oct, 10:45
SMALL LOTS | SCALP TRADE
Adhere to risk management when layering
👇
GOLD @ 2733-2730
❌SL: 2727
✅TP1: 2736
✅TP2: 2743
✅TP2: 2753
Total R:R = 1:3
Adhere to risk management when layering
👇
GOLD @ 2733-2730
❌SL: 2727
✅TP1: 2736
✅TP2: 2743
✅TP2: 2753
Total R:R = 1:3
MOBILE FOREX ®️
21 Oct, 06:03
❤️Start New Week With Name Of ALLAH❤️
Hope Allah will Help us to Achieve our Goals, Keep your Moral High Trust ALLAH he will Always Give the Best For You🤲🌄
Hope Allah will Help us to Achieve our Goals, Keep your Moral High Trust ALLAH he will Always Give the Best For You🤲🌄
MOBILE FOREX ®️
18 Oct, 12:16
This package works perfectly for busy traders, beginners, or anyone who doesn't want to take risks while trading personally..
Invest Capital | ROI (profits)
--------------------------------------------
$500 | $8,800
--------------------------------------------
$1,000 | $15,000
--------------------------------------------
$5,000 | $25,000
--------------------------------------------
$10,000 | $45,000
INSURANCE - MONEY BACK POLICY GUARANTEED ✅
TRADE DURATION - 3 DAYS TRADING.
https://t.me/mobileforexofficial1
Invest Capital | ROI (profits)
--------------------------------------------
$500 | $8,800
--------------------------------------------
$1,000 | $15,000
--------------------------------------------
$5,000 | $25,000
--------------------------------------------
$10,000 | $45,000
INSURANCE - MONEY BACK POLICY GUARANTEED ✅
TRADE DURATION - 3 DAYS TRADING.
https://t.me/mobileforexofficial1
MOBILE FOREX ®️
18 Oct, 12:15
God bless you sir, you have been doing the best for me since i joined your platform🙏❤
MOBILE FOREX ®️
18 Oct, 09:42
XAUUSD SELL 2706. 2708
SL 2716
TP 2700
TP 2697
TP 2693
TP 2690
TP 2687
TP 2680
SL 2716
TP 2700
TP 2697
TP 2693
TP 2690
TP 2687
TP 2680
MOBILE FOREX ®️
17 Oct, 11:53
🚀 Gold hits record highs on expectations of rate cuts from major banks
Gold (XAU) reached record highs following expectations of rate cuts from the major banks.
👉 Possible effects for traders
Gold climbed towards approximately $2,685 per ounce on Thursday as a dovish outlook from major central banks and slightly lower bond yields boosted demand for non-yielding bullion. The Federal Reserve (Fed) is expected to deliver rate cuts in its two remaining decisions this year, with a 25-basis-point (bps) reduction in November becoming increasingly probable. Meanwhile, the European Central Bank (ECB) is anticipated to cut rates at today's meeting, and declining inflation in the U.K. signals a potential rate cut next month. Additionally, several major Asian central banks have recently lowered their rates.
Meanwhile, the U.S. dollar (USD) remains strong, hovering near its highest level since early August, as markets increasingly anticipate the Fed implementing only modest interest rate cuts this year. This, coupled with positive risk sentiment, discourages traders from making new bullish bets on safe-haven gold, limiting further gains. Traders now focus on the upcoming U.S. macroeconomic data to get more information about short-term trading opportunities.
XAUUSD rose during the Asian trading session. Today, traders should brace for heightened volatility as many key economic events come out. First, the ECB interest rate decision is due at 12:15 p.m. UTC and the ECB press conference at 12:45 p.m. UTC. These events could spark additional movement in XAUUSD, especially if there are hints of further monetary easing. Following that, U.S. Retail Sales and Jobless Claims reports will be released at 12:30 p.m. UTC, potentially affecting all USD pairs, including XAUUSD. Strong retail sales data could boost the greenback and push XAUUSD lower, while weaker-than-expected figures might support a bullish trend in gold.
Gold (XAU) reached record highs following expectations of rate cuts from the major banks.
👉 Possible effects for traders
Gold climbed towards approximately $2,685 per ounce on Thursday as a dovish outlook from major central banks and slightly lower bond yields boosted demand for non-yielding bullion. The Federal Reserve (Fed) is expected to deliver rate cuts in its two remaining decisions this year, with a 25-basis-point (bps) reduction in November becoming increasingly probable. Meanwhile, the European Central Bank (ECB) is anticipated to cut rates at today's meeting, and declining inflation in the U.K. signals a potential rate cut next month. Additionally, several major Asian central banks have recently lowered their rates.
Meanwhile, the U.S. dollar (USD) remains strong, hovering near its highest level since early August, as markets increasingly anticipate the Fed implementing only modest interest rate cuts this year. This, coupled with positive risk sentiment, discourages traders from making new bullish bets on safe-haven gold, limiting further gains. Traders now focus on the upcoming U.S. macroeconomic data to get more information about short-term trading opportunities.
XAUUSD rose during the Asian trading session. Today, traders should brace for heightened volatility as many key economic events come out. First, the ECB interest rate decision is due at 12:15 p.m. UTC and the ECB press conference at 12:45 p.m. UTC. These events could spark additional movement in XAUUSD, especially if there are hints of further monetary easing. Following that, U.S. Retail Sales and Jobless Claims reports will be released at 12:30 p.m. UTC, potentially affecting all USD pairs, including XAUUSD. Strong retail sales data could boost the greenback and push XAUUSD lower, while weaker-than-expected figures might support a bullish trend in gold.
MOBILE FOREX ®️
17 Oct, 11:53
🔽 Economic worries and rate cut prospects weigh on the euro
The euro (EUR) lost 0.27% against the U.S. dollar (USD) on Wednesday as the greenback continued to rise in a very strong bullish trend.
👉 Possible effects for traders
The market has essentially ruled out a substantial interest rate cut from the Federal Reserve (Fed) at its next policy meeting and started to price in a potential election victory by former President Donald Trump. Amo Sahota, executive director at FX consulting firm Klarity FX, pointed out that several major central banks are expected to undertake bigger rate cuts than the Fed because their economies are slowing much quicker than the U.S. one. These expectations have provided support for the U.S. dollar.
Meanwhile, the European Central Bank's (ECB) latest report on the financial statement of the Eurosystem revealed that the regulator's balance sheet increased by 3 billion euros. This is a bearish signal for the euro and indicates that the ECB is worried about the eurozone economy. In fact, ECB President Christine Lagarde said yesterday that the central bank is beginning to observe signs of deterioration in the labour market. Other officials have also sounded dovish lately and spoken about the need to reduce rates further.
EURUSD was falling during the Asian and early European trading sessions. Today, key events are the ECB's rate decision at 12:15 p.m. UTC and the following press conference at 12:45 p.m. UTC. Both events are expected to impact the market significantly and may provoke sharp moves in EUR pairs. Markets expect the ECB to cut its deposit and refinancing rates by 25 basis points (bps) each. However, the decision itself typically doesn't cause significant market fluctuations. The additional information revealed in the Monetary Policy Statement and the subsequent press conference often drives substantial market movements. EURUSD is in a downtrend, so traders may look for selling opportunities. Key levels to watch are support at 1.08450 and the resistance at 1.08740.
The euro (EUR) lost 0.27% against the U.S. dollar (USD) on Wednesday as the greenback continued to rise in a very strong bullish trend.
👉 Possible effects for traders
The market has essentially ruled out a substantial interest rate cut from the Federal Reserve (Fed) at its next policy meeting and started to price in a potential election victory by former President Donald Trump. Amo Sahota, executive director at FX consulting firm Klarity FX, pointed out that several major central banks are expected to undertake bigger rate cuts than the Fed because their economies are slowing much quicker than the U.S. one. These expectations have provided support for the U.S. dollar.
Meanwhile, the European Central Bank's (ECB) latest report on the financial statement of the Eurosystem revealed that the regulator's balance sheet increased by 3 billion euros. This is a bearish signal for the euro and indicates that the ECB is worried about the eurozone economy. In fact, ECB President Christine Lagarde said yesterday that the central bank is beginning to observe signs of deterioration in the labour market. Other officials have also sounded dovish lately and spoken about the need to reduce rates further.
EURUSD was falling during the Asian and early European trading sessions. Today, key events are the ECB's rate decision at 12:15 p.m. UTC and the following press conference at 12:45 p.m. UTC. Both events are expected to impact the market significantly and may provoke sharp moves in EUR pairs. Markets expect the ECB to cut its deposit and refinancing rates by 25 basis points (bps) each. However, the decision itself typically doesn't cause significant market fluctuations. The additional information revealed in the Monetary Policy Statement and the subsequent press conference often drives substantial market movements. EURUSD is in a downtrend, so traders may look for selling opportunities. Key levels to watch are support at 1.08450 and the resistance at 1.08740.
MOBILE FOREX ®️
17 Oct, 11:53
🔽 USDCAD declines after long growth
On Wednesday, USDCAD declined and lost 0.17% as investors as the market had already priced in the potential monetary policy easing from the Bank of Canada (BOC). Also, traders evaluated the potential economic implications of the upcoming U.S. presidential election.
👉 Possible effects for traders
Following the release of weaker-than-expected domestic inflation data on Tuesday, the likelihood of a 50-basis-point (bps) rate reduction by the BOC increased to approximately 80%, up from 50%. This would be the first outsized rate cut exceeding 25 bps since the central bank initiated its easing measures in June. Erik Nelson, a macro strategist with Wells Fargo Securities in London, stated: ‘I believe we have likely witnessed the majority of the decline in the Canadian dollar (CAD). A 50-bps reduction is already fully reflected in the market's pricing for next week’.
Also, the results of the U.S. presidential election may affect USDCAD. Trump's plan to implement tax cuts, loosen financial regulations, and increase tariffs is seen as positive for the U.S. dollar. However, while Trump's plan to increase tariffs may cause disruptions in global trade, the U.S., Mexico, and Canada Agreement (USMCA)—the free trade agreement between the three nations—and the relaxation of U.S. fiscal policy could protect Canada's economy. Nelson stated that he doesn't foresee USMCA being terminated.
USDCAD has been rising during Asian and early European trading hours. Today, U.S. Retail Sales and Jobless Claims reports due at 12:30 UTC will add volatility to the pair. Stronger-than-expected sales data and lower jobless claims figures will likely support the greenback, pushing USDCAD higher.
On Wednesday, USDCAD declined and lost 0.17% as investors as the market had already priced in the potential monetary policy easing from the Bank of Canada (BOC). Also, traders evaluated the potential economic implications of the upcoming U.S. presidential election.
👉 Possible effects for traders
Following the release of weaker-than-expected domestic inflation data on Tuesday, the likelihood of a 50-basis-point (bps) rate reduction by the BOC increased to approximately 80%, up from 50%. This would be the first outsized rate cut exceeding 25 bps since the central bank initiated its easing measures in June. Erik Nelson, a macro strategist with Wells Fargo Securities in London, stated: ‘I believe we have likely witnessed the majority of the decline in the Canadian dollar (CAD). A 50-bps reduction is already fully reflected in the market's pricing for next week’.
Also, the results of the U.S. presidential election may affect USDCAD. Trump's plan to implement tax cuts, loosen financial regulations, and increase tariffs is seen as positive for the U.S. dollar. However, while Trump's plan to increase tariffs may cause disruptions in global trade, the U.S., Mexico, and Canada Agreement (USMCA)—the free trade agreement between the three nations—and the relaxation of U.S. fiscal policy could protect Canada's economy. Nelson stated that he doesn't foresee USMCA being terminated.
USDCAD has been rising during Asian and early European trading hours. Today, U.S. Retail Sales and Jobless Claims reports due at 12:30 UTC will add volatility to the pair. Stronger-than-expected sales data and lower jobless claims figures will likely support the greenback, pushing USDCAD higher.
MOBILE FOREX ®️
17 Oct, 08:21
SMALL LOTS | SCALP TRADE
Adhere to risk management when layering
👇
GOLD @ 2681.5-2678.5
❌SL: 2675.5
✅TP1: 2684.5
✅TP2: 2691.5
✅TP2: 2701.5
Total R:R = 1:3
Adhere to risk management when layering
👇
GOLD @ 2681.5-2678.5
❌SL: 2675.5
✅TP1: 2684.5
✅TP2: 2691.5
✅TP2: 2701.5
Total R:R = 1:3
MOBILE FOREX ®️
17 Oct, 07:17
Gold Market Overview:
- Gold near record highs: Gold consolidates near $2,686 in Asian trading, awaiting the US Retail Sales data for the next move higher.
- China concerns: Disappointing stimulus details from China limit gains, but economic uncertainty still supports Gold demand.
- US Dollar pullback: The USD weakens after a brief rally, with focus shifting to upcoming US data and lingering China worries.
- Fed outlook: A 25 bps rate cut in November is expected, with Thursday's Retail Sales data possibly influencing further cuts.
Key Drivers:
- China's economy: Weak stimulus measures and economic concerns boost Gold as a safe-haven.
- Geopolitical risks: Rising tensions between Israel and Iran support Gold demand.
- US data focus: The upcoming Retail Sales report is key for short-term Gold and USD movement.
Technical Outlook:
- Resistance at $2,670: A break above this level could push prices toward $2,686 and $2,700.
- Support at $2,646: The 21-day SMA offers support, with a drop below possibly leading to $2,600.
- RSI Indicator: The RSI remains bullish, suggesting potential for further gains.
Conclusion: Gold's next move depends on breaking $2,670 or holding support at $2,646. China’s economy, geopolitical risks, and upcoming US data will shape Gold’s direction.
- Gold near record highs: Gold consolidates near $2,686 in Asian trading, awaiting the US Retail Sales data for the next move higher.
- China concerns: Disappointing stimulus details from China limit gains, but economic uncertainty still supports Gold demand.
- US Dollar pullback: The USD weakens after a brief rally, with focus shifting to upcoming US data and lingering China worries.
- Fed outlook: A 25 bps rate cut in November is expected, with Thursday's Retail Sales data possibly influencing further cuts.
Key Drivers:
- China's economy: Weak stimulus measures and economic concerns boost Gold as a safe-haven.
- Geopolitical risks: Rising tensions between Israel and Iran support Gold demand.
- US data focus: The upcoming Retail Sales report is key for short-term Gold and USD movement.
Technical Outlook:
- Resistance at $2,670: A break above this level could push prices toward $2,686 and $2,700.
- Support at $2,646: The 21-day SMA offers support, with a drop below possibly leading to $2,600.
- RSI Indicator: The RSI remains bullish, suggesting potential for further gains.
Conclusion: Gold's next move depends on breaking $2,670 or holding support at $2,646. China’s economy, geopolitical risks, and upcoming US data will shape Gold’s direction.
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