Technical My Tips

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Expert trader and mentor Arun Sharma drops a crucial risk management principle: "Never risk more than 2% of your capital." ⚠️💰 In this episode, we explore several aspects of risk management and how it is essential for a trader's long-term success. 📊 #XM #XMIndia #XMTradeTalkSeason2 #Forex #TradingPodcast #RiskManagement #ForexBroker

#economic_calendar This event may affect the market on 24 July.

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📊 Gold hits five-week high Gold climbed above $3,431 on Tuesday, marking its highest level since 16 June and recovering losses from the previous session. 👉 Possible effects for traders A weaker U.S. dollar (USD) and continued strong demand from central banks and investors seeking safe haven supported gold's rally. Investor interest in gold has intensified as escalating U.S. tariff threats have raised concerns about a potential slowdown in global economic growth. U.S. President Donald Trump has warned of imposing tariffs on nearly all major trading partners if they fail to secure trade deals by 1 August, including a proposed 30% levy on imports from the EU. This warning has fuelled risk aversion and driven capital flows into gold, reinforcing its role as a hedge against economic uncertainty. Meanwhile, persistent tensions in the Middle East have further supported gold's upward momentum, as investors brace for potential disruptions to energy markets and supply chains. With trans-Atlantic trade risks rising and central banks continuing to diversify their reserves, XAUUSD's technical and fundamental backdrop remains positive, favouring a move higher soon.

#economic_calendar This event may affect the market on 23 July.

📊 Gold records its largest monthly gain Gold (XAU) prices rose towards $3,400 on Monday, as markets stayed cautious ahead of U.S. President Donald Trump's tariff deadline on 1 August. 👉 Possible effects for traders Gold rises as the U.S. dollar (USD) weakened further amid Trump's ongoing trade battles and market concerns that he may seek to exert control over U.S. monetary policy. Trump has threatened to dismiss Federal Reserve (Fed) Chair Jerome Powell, seeking to pressure the central bank into cutting interest rates despite persistent inflation concerns. Meanwhile, U.S. Treasury Secretary Scott Bessent stated the need to review the entire Fed as an institution. 'Talk of earlier-than-expected U.S. rate cuts is building, with speculation around a possible replacement of Fed Chair Jerome Powell and reshaping of the Fed adding to market jitters', said David Meger, Director of Metals Trading at High Ridge Futures. In this environment of low rates and heightened uncertainty, gold typically performs well as a reliable hedge. XAUUSD fell slightly during the Asian and early European trading sessions. Investors await Fed Chair Jerome Powell's speech today at 12:30 p.m. UTC for more clues on the U.S. interest rate path. Key levels to watch are resistance at $3,400 and support at $3,370.

GBPJPY failed to close above the resistance at 199.50 and corrected toward EMA21. The price remains above both EMAs and within the ascending channel, indicating that bullish momentum persists and awaits an apparent breakout. If GBPJPY breaks above 199.50, the price may approach the resistance at 201.40, in confluence with the 78.6% Fibonacci Extension. Conversely, breaking below the channel’s lower bound and 196.00, in confluence with EMA78, may prompt a decline to the following support at 192.70. Are you buying or selling?

📉 Bad Debt Hurts. 📈 Good Debt Helps. Know the difference. Grow with purpose! 💪 This information is for educational purposes only.

ETHUSD, 15-minute timeframe chart 👉Level explanation ETHUSD has been under selling pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 3,631.00. Set your stop loss at 3,736.00 above the previous high ($10.50 loss for 0.01 lot) and take profit at 3,526.00 ($10.50 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period.

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#economic_calendar These events may affect the market on 22 July.