Technical Analysis of Gold The price of gold has stabilized above 2354, suggesting it will likely reach 2369. A break above 2369 is needed to continue the bullish trend toward 2388. However, if the price remains below 2369, it may consolidate between 2369 and 2354. Should the price break below 2354 and stabilize, it is expected to drop to 2344. Pivot Price:...
End of day update from us here at KOG: Price is moving as we'd hoped upside only we didn't get the retest of the low that we wanted. We were expecting it to be a quiet day but we've still got some decent movement for those who are in long from the open. Our first target region has been reached 2350-55 where we're seeing a slight RIP, however, nothing...
The EGX30 index, a benchmark for the Egyptian stock market, faces a critical challenge: the concentration of its weight among a few large companies. As of May 28, 2024, the top three constituents – Commercial International Bank (CIB), Talaat Moustafa Group, and Sweden Electronics – account for a staggering 50% of the index's weight. This excessive concentration...
I expect a bullish move from the valid daily demand
For the Chinese stock JD.com listed on the Nasdaq, we observe a significant pattern. Initially, we had a prolonged sideways movement that concluded with an initial surge, establishing the current resistance zone. This zone held twice before the price fell through. Starting from point X in our Elliott Wave count in November 2018, we saw a rapid increase of...
There is a classic price action support zone and we have liquidity behind it. After collecting this liquidity it will grow up to the top of channel. Can play in this channel for a while And it will break this channel from top and first target is about to 90k
Upon examining the updated chart for EUR/USD, it appears our previous analysis was profitable. Let's break down the current chart and provide an updated intraday analysis based on the new information provided. Previous Day Analysis Review In our previous analysis, we noted key support and resistance levels, the short-term upward channel, and the highlighted...
there, two different bearish formations were present. There was a bear flag as taken from a bullish channel that arrived after a test of the .8500 handle; and bigger picture, there was a descending triangle present with that .8500 level helping to set horizontal support. The other side of the matter, however, was a relative dearth of volatility so far in 2024...
While Ethereum looks bullish over the longer term, price would need to break above the two lines of resistance for the chart to stay bullish. If price rejects here, we risk a double top which would send price back to the low $2000s. I'm leaning towards a rejection as the base case here as sentiment is pretty extreme to the bullish side. Let's see what happens...
CRYPTOCAP:XRP has, in my opinion, one of the most hardcore price actions and charts in crypto history. In stocks and crypto, the more a coin or stock disillusions, the more likely it is to surprise. The price of CRYPTOCAP:XRP historically was characterized by “failed pumps”, where the price shot upwards making it look like it would go in search of new ATH,...
Eth appears to be at resistance and also I’m seeing some unusual amounts of eth being transferred to exchanges. Personally looking for price to move towards 2100-2500. THIS IS NOT FINANCIAL ADVICE
End of day update from us here at KOG: As suggested in yesterdays update we were looking for the support level 2340 to hold price up and then for a push upside into the 2350, 2355 and above that the 2360-65 region. Excalibur guided on top of that giving us a precise entry level together with the red box strategy hitting not only our daily bias targets but also...
Hello Traders ! On the daily time frame, the NZDCHF Price Broke a strong resistance level (0.55542 - 0.56043). This key level becomes a new support level ! So, I predict a bullish move📈 ------------------ TARGET: 0.56400🎯
Technical Analysis of Gold: The price reached our previous target of 2327 and then reversed. Closing a 4-hour candle above 2344 suggests it will likely reach 2354, with the potential to touch 2369 as well. However, if the price remains below 2344, it indicates a drop back to 2327 as the first target. Pivot Price: 2344 Resistance Levels: 2354, 2369,...
Hi. I am bearish on EURUSD now as it reached the price I was interested to open short. Interest Rate cut for EUR is coming in June, the dollar should start reversing around now. CFTC reported recently more commercial shorts compared to longs (attached). Stop loss on chart. Target 1: 1.081 Final target on retest of flip zone.
1. Selling Plan STORJ. 2. Reducing balance method with 40% of your bag for ATH if we get there. 3. Each Selling Target is at key weekly supply zone. 4. Selling percentage get progressively larger the higher we go.
CRYPTOCAP:XRP has been trapped inside a triangle since 2017 and has been accumulating ever since. Price average has been moving higher while everything between 0.30 and 0.48 is strong demand zone. Unless Crypto Market goes to zero, is highly doubtful that CRYPTOCAP:XRP price can go anymore lower than 0.48-0.40 usd without experiencing strong upward...
Trade idea is currently playing out as anticipated prior