Gold prices reversed their gains after initially recovering above a key support level today, with momentum hindered by persistent expectations of higher U.S. interest rates over an extended period. The precious metal briefly returned to the $2,300 per ounce mark in overnight trading following the U.S. Federal Reserve's indication that there would be no immediate...
Introduction - This is the 3rd daily continuous gold forecast since the PRELIMINARY DRAFT and the first one posted for public audience on TradingView. This post will stay live for about 14 hours and cover MOST of the NFP reaction before I wrap it up and continue in the matching private post. Details - First, I went silent the last 24 hours because I unknowingly...
Hello everyone, what do you think the next trend for BTCUSDT will be? From a detailed analysis of the technical charts, BTCUSDT has formed and established a new high around $73,300. Following this, the coin has undergone a corrective pullback according to Dow Theory and basic wave structure. In this context, the anticipated price target for BTCUSDT is around the...
Bitcoin is forming this bullish flag pattern on the daily chart, and we have a lifetime opportunity to buy Bitcoin at the bottom of the flag. What's more, we have a long-term trendline starting in October 2023, which is another reason to buy Bitcoin in confluence with multiple technical indicators. A lot of people are calling for Bitcoin winter, but I don't think...
Hello everyone, do you think we should be buying or selling BTCUSD at this time? From my personal analysis, after examining the 4-hour technical charts and other technical indicators, it appears that the sellers are still in control. The price is trending below both the 34 and 89 EMA lines, and the bears have successfully breached multiple marked support levels....
Hello all dear traders! Gold prices today continued to consolidate at high levels with a steady upward trend above the $2,300/ounce mark in overnight trading after the US Federal Reserve (FED) quashed expectations of any interest rate hikes. What's next - this pulled the dollar lower and brought some relief to commodity prices. However, the prospect of US...
Hello everyone, as of now, gold prices are hovering around the $2300 mark without much variation from previous trading sessions. The precious metal seems to be in a consolidation phase, sitting in a narrowing wedge pattern and waiting to decide on a new direction as the market eagerly anticipates the Non-Farm Payrolls report. Any significant breakout could lead...
Hello all dear traders! Overall, as expected EURUSD rebounded after the previous sharp decline, continuing to maintain at a trading high at 1.0733. On the news impact: EUR/USD returned to its peak above 1.0700 as market risk appetite regained balance ahead of another US Nonfarm Payrolls on Friday. On the fresh outlook for EURUSD: From the chart, with this high...
Hello all dear traders! A potential peak at the $74,000 region has pushed BTCUSD into a downward correction following a technical bearish wave pattern. From the 1W chart, the support at $65,500 failed to turn BTCUSD around and the downtrend continued. Both short-term and medium-term prospects show that the bearish trend is gradually strengthening. If the...
BTCUSDT Trading Strategy: Overall, BTCUSDT experienced a significant correction and short selling yesterday, the $60,280 support failed to turn it around and the downtrend continued. The bearish scenario in general is being prioritized by investors. From a technical perspective on the 4-hour chart we can easily see that the 34.89 exponential moving average (EMA)...
Hey Everyone, A PIPTASTIC finish to the week with true level to level break and confirmation trading. Yesterday we stated that the first level of the swing range was hit with just short of the second level. We also stated that if we see price hold above 2302 then 2316 will be tested and failure to break above 2016 will see the full swing range tested, as that...
EUR/USD has revisited the recent consolidation high on Thursday, reclaiming territory north of the 1.0700 threshold as market risk appetite stabilizes ahead of another US Non-Farm Payrolls (NFP) report on Friday. Price action has been aligning with the 34 and 89 EMA as the market anticipates a direct catalyst that could decisively influence the trend...
Hello all dear traders! Prices continue to consolidate around the 2,300 USD area before the news that NFP is about to be released. The fundamental and technical overview is down. What should we expect next? As it is scheduled news today, anything could happen, such as a shake towards 2328 before a further drop to 2250 or an attempt to break trend resistance.. .
Gold recorded a slight increase to near $2,230 in Thursday's US trading session, amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. In the Asian trading session on Friday, the price of gold continued to maintain stability, fluctuating around the $2,300 mark. Based on technical analysis on the 4-hour chart, the Relative...
Hello everyone, what are your thoughts on SOLUSDT? Looking at the technical analysis charts, SOLUSDT is in a prolonged downtrend, and the outlook continues to favor the bears. The descending trendline is holding strong, and the convergence of the 34 and 89 EMAs suggests further corrections may be on the horizon after a potential short to medium-term recovery,...
Gold is still trying to operate above its $2,300 base price after Thursday's wild swings, with the market focusing particularly on non-farm payrolls data to be released on this trading day. ADP jobs data exceeded expectations in April and March data was revised upward, suggesting the US labor market remains strong and stable. The gold market's focus has shifted...
Gold prices today (May 3), the international market turned down sharply after the US announced more information about the number of first-time unemployment benefit applications being quite positive. The OECD has raised its forecast for the global economy to grow by 3.1% this year, so investors have strongly sold gold. Yesterday, the US economy released more...
The Japanese Yen continues to find support from government intervention in speculation activities. Additionally, selling USD post-FOMC has emerged as another factor weighing down the USD/JPY pair. Investors are now eagerly awaiting the crucial U.S. NFP report, expected to be released later today, which could provide fresh directional momentum. From a technical...