Stone_Haven

Stone_Haven Updated 

The above resistance level will be the focus on today's gold price chart. If successful, bulls will hope to bring the price back to its historic peak above the $2,400 mark. However, it is difficult for short sellers to see the above scenario happen easily, especially when their potential target around the $2,305 mark has not yet been completed. In terms of...

Stone_Haven Updated 

GBPUSD looks like this is a false break around the resistance area so there is a high possibility that the market will decline, but currently the market is not giving us any sell signals. Now you can wait for the price to form a new trading signal before you can trade, or you can wait for the price to form a downtrend in a low time frame and then...

Stone_Haven

GBPUSD turned down in price, confirming the previous false breakout signal, so you can see that the short-term trend of this currency pair is decreasing so you can sell. The nearest resistance area is the supply area and also the previous peak and bottom area around 1.2530. You can wait for the price to return to this area and then look for a signal to sell...

Stone_Haven Updated 

Gold price adjusted slightly down in the past session, unable to break the previous peak around 2330. The situation has not yet had any notable changes, we can still keep the current comments, temporarily divided into two cases. Case: First, if the price breaks below 2280, the price may follow the previously formed two-peak reversal pattern, towards the 2200...

Stone_Haven Updated 

After being rejected at the 2280 support zone, the price recovered quite strongly in the past session, breaking the triangle pattern and testing the 2320 resistance level. However, this move has not significantly changed the situation. form where the higher peak has not yet been established. Still keeping the old comment, we temporarily divide it into two cases: ...

Stone_Haven

After continuously creating bearish signals on the daily frame, around the upper border of the falling channel, the price began to fall again in the past session, the downward momentum is still continuing to be maintained this morning. The short positions are profitable, you continue to hold the position, the target will be around the 1.06xx threshold, keeping the...

Stone_Haven Updated 

World gold spot price stands around 2,325.7 USD/ounce, up 1.7 USD/ounce compared to yesterday's trading session. Gold futures price in June 2024 on the Comex New York floor is at 2,336.6 USD/ounce. At the beginning of the trading session on May 6 (US time), world gold prices increased sharply in the context of improved risk aversion among investors. Adrian Day -...

Stone_Haven Updated 

MUFG predicts that the Bank of England (BoE) may signal its readiness to lower interest rates soon, potentially starting as soon as the upcoming meeting. Recent statements from MPC members and upcoming inflation forecasts support a shift towards a more dovish policy stance. Key points: Policy rate expectations: BoE will likely maintain the current policy rate...

Stone_Haven Updated 

The price retested the 2280 resistance level again in the last session but could not break this resistance level. The price is currently being compressed at the end of the triangle pattern. Please pay close attention to the next price behavior. . We temporarily divide into two cases: Firstly, if the price breaks below 2280, the price may follow the previously...

Stone_Haven

USDJPY is still continuing to adjust upward as expected, currently the important conversion resistance level around 156 is being approached, this is the price area where we are looking to sell, please pay attention to the signals here as the price approaches, Consider reopening short positions if reliable bearish signals appear, especially on the daily...

Stone_Haven Updated 

According to the latest data from the World Gold Council (WGC), gold demand in the first quarter (excluding OTC demand) decreased by 5% over the same period to 1,102 tons, due to capital inflows from exchange-traded funds. Gold-backed ETFs continue to flow out. While including the sizable OTC buying activities of investors, total gold demand increased by 3% over...

Stone_Haven Updated 

During the weekend session, the gold price did not fluctuate due to the market holiday, however this morning it continued to have a very strong increase, creating a large gap. Currently, it has breached the psychological resistance mark of 2250 and is sinking deep into the overbought zone. If it continues to go up, the confluence mark of 2300 will be a potential...

Stone_Haven

Gold prices sometimes slipped sharply in the past session, however when approaching the 2230 threshold and closing the gap, the price recovered strongly, currently back above 2250. This price behavior shows that buying pressure is still quite strong, It is likely that the price will continue to go up, the short-term target level will be around the 2300 threshold....

Stone_Haven

GBPUSD did not change much in the last session, the situation remains unchanged, continue to expect the price to go down in the short term, the target is around the 1.25xx threshold, however you need to move the SL for short positions. to the 1.2640 area to reduce risks.

Stone_Haven Updated 

Gold prices did not slide down as expected after the mentioned bearish signals, including the bearish pin bar pattern on daily and the head and shoulders pattern forming on H4. The buyers are pushing the price towards the 2200 resistance zone, threatening to break this resistance. We have many bearish signals but they are not significant as they cannot break the...

Stone_Haven Updated 

Although the price increased yesterday, the D1 gold bar created a very large bearish pinbar, with a very long upper shadow and closed less than 1/2 of the range, closing inside the previous price bar, which was also a bearish pinbar. Such price behavior reflects the weakening of the upward price momentum, suggesting the possibility that prices may continue to...

Stone_Haven

EURUSD yesterday rose to the resistance zone around 1.0855 and formed a selling pressure zone for us. You can enter a sell order with the bearish candle marked with a red arrow as shown in the chart. Currently, the market is turning bearish. If you look at the low time frame, you can see this downward trend much more clearly. Our current trading strategy is...

Stone_Haven Updated 

Gold increased yesterday, but with a narrow increase range and an upper shadow, closing 1/2 of the range, and falling inside the large D1 bar first to create the Inside bar model, D1 gold showed yesterday to be weak increase day. Yesterday's price bar also narrowed fluctuations, forming bar NR4, which is the price bar with the narrowest range in the last 4 days....