Upon reviewing the gold chart on a weekly timeframe, we observe that after closing at $2393 last week, the price began a steep decline and even corrected to $2295! After constructing bullish candles for five consecutive weeks, this week we are witnessing the formation of a bearish candle, and it remains to be seen how far this decline will continue. If the price...
Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.7% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive
By checking the gold chart in the 1-hour time frame, we can see that the price started falling from the range of $2332 last day and corrected to $2312! (+200 Pips) After that, it faced buying pressure again and grew to $2352! There are a series of very important supply levels in front of the price that I want to specify for you! First of all, the range of $2352...
Hello Traders ! On Thursday 25 April, The EURCAD Price Reached The Resistance Line and Failed To Break it ! The Last Higher Low is Broken (Change of Character). So, I Expect a Bearish Move 📉. ----------- TARGET: 1.45965🎯
Hi Traders ! Previously, The AUDNZD Formed a Bullish Double Bottom Pattern. The Price Broke The Resistance Level (1.09557 - 1.09392). This Key Level Becomes a New Support Level ! So, I Predict a Bullish Move 📈 ------------- TARGET: 1.10000🎯
The US Dollar Index is entering accumulation and recovering after 2 days of decline, making gold priced in US Dollars less attractive thanks to direct correlation. The short-term appeal of precious metals still remains. weak as tensions in the Middle East ease and safe-haven demand weakens. The gold market has been less affected by the escalating conflict in the...
Regarding the Greenback, sellers appeared back in the market after US Q1 GDP figures came in short of expectations and quarterly inflation prints ticked higher, reigniting speculation that the Federal Reserve (Fed) might keep its restrictive stance for longer. Meanwhile, the daily advance in the Australian dollar was accompanied by further improvement in the risk...
EURJPY is currently showing signs of a Bearish Crab Harmonic Pattern (XABCD) on the 4-hour chart, indicating a potential reversal in trend. Additionally, the price is approaching a significant trendline, further supporting the bearish bias. Bearish Crab Harmonic Pattern (XABCD): The formation of a Bearish Crab Harmonic Pattern suggests that the price is likely...
Gold prices have recovered slightly during today's Asian session and are currently trading around the $2,330 resistance level. Gold prices have now recovered after falling sharply following last night's US GDP data and the precious metal is currently trading around $2,330. Although gold's upward momentum has weakened when the RSI indicator on the daily chart...
Gold’s recent rally accelerated last Friday, driven higher by weak US economic data, and the rally back towards a new all-time high has continued this week with the precious metal posting a $2,141.8/oz. peak yesterday. This left gold just $3 short of printing a new ATH. The technical outlook for gold remains positive and suggests that the precious metal will...
Hey there on 1htF the Gold has moved upside from last 2 days and also now continue moving upside from last pivot 2305-2309 so we can further demand Support is 2320-2330 When the upside our next target is 2380 We can see on April can be rebound and moved top 2400
The USDRUB pair has bee trading within a Channel Up pattern for the past 5 months and yet again is testing the 1W MA50 (red trend-line). This is a highly important Support level as it has been tested 4 times in 2024 and held (even closed the 1W candles above it) on all occasions. Naturally, as long as it holds, we remain bullish targeting 96.8000 (1.236 Fibonacci...
GBP/CHF is falling towards the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.13646 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 1.12950 Why we like it: There is a support level which aligns...
By checking the gold chart in the 1-hour time frame, we can see that yesterday the price corrected to about $2312 and then it came back with the demand and was able to grow up to the next supply range, i.e. $2332 to $2343, and then again It was accompanied by a heavy drop to $2305! As you can see, the price has entered the desired supply range for the fourth time...
Price is rising towards a resistance level which is an overlap resistance that aligns with the 88.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.98001 Why we like it: There is an overlap resistance level which aligns with the 88.6% Fibonacci retracement. Stop loss: 0.98458 Why we like it: There is a pullback resistance...
Geopolitical tensions in the Middle East have eased, affecting gold's role as a safe-haven asset during turbulent times. Judging from yesterday's trend, the short-term trend of gold has not yet been determined. The main reason is that after reaching the key position yesterday, there was a wave of gains during the US trading session. Today, it fluctuated downward...
Dear SMART TRADERS, This is our master plan to Heist Bullish side of GBPUSD Bank based on Thief Technical Analysis. My dear Robbers U can enter at the any point above my entered area, Our target is Red Zone that is High risk Dangerous Snake trap area. Be safe and Be rich. Loot and escape near the target 🎯 support our robbery plan we can make money take money 💰💵...
Gold price trend to continue Down during session It is expected that price will continue down trend And approach the price range of 2350 Gold price now 2347 TP1: 2335 TP2: 2420 TP3: 2385 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the market Give us like and support us