Hello friends, Yesterday, gold experienced a significant drop, losing over 800 pips and breaking through the crucial 2300 USD support and psychological level. Gold's recent movement created a false breakout, misleading many investors. Looking ahead, we anticipate a retest of the 2282 USD level, followed by a mild recovery in line with basic wave structure...
Hello there! What are your thoughts on BTCUSDT? Yesterday, Bitcoin saw a pullback towards the end of the session, slipping below the 70,000 USD support level and is now trading around 69,500 USD. It seems that BTC lacks the momentum to break past its record highs. Looking ahead, further adjustments are expected, and buyers need to hold the line at 67,000 USD to...
Hey Traders, in the coming week we are monitoring US500 for a buying opportunity around 5240 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5240 support and resistance area.
Hello everyone, let's dive into today's gold market update! Yesterday, gold took a sharp dive and is now standing at $2,294 per ounce, down $84.29 from the previous day, with no signs of stopping. This decline was driven by stronger-than-expected U.S. job reports, which crushed hopes for a rate cut this year. Additionally, data showed that China, the world’s top...
Today, the EUR/USD pair is trading around 1.0790 afteDiverging Central Bank -U.S. Federal Reserve (Fed): The Fed is signaling potential interest rate hikes to combat inflation, strengthening the USD. Their aggressive stance makes the dollar more appealing to investors l -European Central Bank (ECB): The ECB is more cautious, focusing on economic stability...
Yesterday, China's announcement of halting gold purchases for the first time in 18 consecutive months caused significant volatility and upheaval in the market. Today (8/6), gold prices took a sudden nosedive, dropping by 3% to below $2,300/ounce overnight. As of now, there's still no news from the Chinese government. According to Jessica's personal prediction,...
Hello everyone! Let's dive into the interesting movements of gold at the end of this week's trading session! Currently, gold is trading around $2,370, with little change compared to the same time yesterday. However, the upward momentum remains steady at this level. Recent expectations of a rate cut have weakened the USD and lowered US Treasury yields, providing...
Today, BTCUSDT continues to hover around the psychological level of $70,000. Although the price hasn’t yet broken through the resistance zone near this mark, the bullish momentum remains intact. It seems that BTCUSDT might be consolidating to gather strength for a stronger move upward, with support well-placed at $69,000. What do you think? Do you believe BTCUSDT...
Hello,Friends! SILVER pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 31.799...
Hey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.83600 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83600 support and resistance area. Trade safe, Joe.
Here is our detailed technical review for AUDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.911. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.919 level. P.S Overbought describes a...
Take a look at our analysis for NZDUSD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.610. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.612 level. P.S We determine...
Hello,Friends! We are going long on the EUR/USD with the target of 1.085 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the AUD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 103.563 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello everyone! What are your thoughts on XAUUSD? Looking at the 1D chart, it's clear that XAUUSD is currently in an accumulation phase, moving sideways around the $2400 level. However, the upward momentum remains promising as the Bulls are firmly defending the strong support at $2320. Given this scenario, it's likely that in the near future, gold will break...
Impact of Gold Dropping 1.38% to $2,345/ounce Market Sentiment: A decline in gold prices by 1.38% to $2,345/ounce often reflects negative investor sentiment, which can lead to a sell-off in gold holdings. Strengthening USD: When the USD strengthens, gold tends to decrease in value as it becomes more expensive for foreign investors to purchase. Interest...
Hello everyone! Yesterday, international gold prices saw a significant drop, currently trading around $2,320 per ounce, down 1.5%. The primary reason for this decline is China's announcement to halt purchasing gold for its national reserves. China's decision has reduced the demand for gold in the international market, leading to strong selling pressure and a sharp...
Hello everyone! Let’s dive into EUR/USD today! Currently, EUR/USD is showing little movement, settling into an accumulation phase around the 1.0900 level. The Bollinger Bands are tightening, indicating a period of low volatility and suggesting that EUR/USD isn’t poised for any immediate breakout. However, this calm period might be a precursor to a significant...