Gold prices dropped in today's Asian trading session, adjusting after recent gains as investors seemed to favor the U.S. dollar in anticipation of significant U.S. inflation data due later this week. Last week, gold showed solid progress as signs of a slowing U.S. economy fueled speculation that the U.S. Federal Reserve might cut interest rates in 2024. Despite...
Hello dear traders! Recently, BTCUSDT has been struggling to recover as it is currently trading at $62,463 and marking a 0.77% drop on the day. But at the same time, a double top pattern is gradually forming, signaling a potential correction that could break out of the trendline mentioned on the H4 chart. Current channel support is at $61,500, immediate...
Intro - This is Binary Forecasting Service's CONTINUOUS GOLD FORECAST featuring 16 to 20 hours a day around-the-clock coverage of FX_IDC: XAUUSD ticker, with current favorite outcome highly detailed in proprietary trend maps through all of NY market tomorrow. This data must be used with continuous updates to remain relevant until it is replaced. Using this without...
BTCUSD trading ideas: Breaking out of the falling wedge has sparked an impressive price increase for the product. However, there are signs of a potential top at $65,490 that has caused the product to fall over the past several days. Currently, the price is fluctuating below the Major Resistance currently at $63,500. The whale's movement comes at a time when the...
BTCUSDT is currently moving within a price wedge and is undergoing a correction phase upon touching the upper limit of the wedge. The short to medium-term target range of USD 59,000 - 60,000 is viewed optimistically, as long as the price wedge remains intact. I am anticipating a decrease, what about you? What are your thoughts?
Today, gold prices are on a recovery path after experiencing a significant drop yesterday, currently trading around USD 2343, marking a 0.34% increase for the day. However, gold is showing signs of forming an inverted cup and handle pattern. If this pattern continues to develop, there could be a deeper correction following a retreat to the Fibonacci levels...
The 1.08000 zone still has a lot of selling pressure, so if there is no clear breakout, the price would have to fall back towards the 1.07500 level. Guys, what do you think? Leave a comment with your thoughts.
Gold Price (XAU/USD) Is Testing an Important Resistance Zone On April 16, we wrote why the $2,380 zone is an important resistance area. The XAU/USD chart shows that: 1) After fading fluctuations (they formed a narrowing consolidation triangle - shown in green), the price of gold dropped sharply (shown by a black arrow) on April 22-23. 2) Then, the price found...
Intro - This is Binary Forecasting Service's CONTINUOUS GOLD FORECAST featuring 16 to 20 hours a day around-the-clock coverage of FX_IDC: XAUUSD ticker, with current favorite outcomes highly detailed in proprietary trend maps through all of Tuesday. This data must be used with continuous updates to remain relevant until it is replaced. Using this without staying...
Hey Everyone, Our 4H chart kick starts the week with 2357 support hit first. This followed with ema5 lock below 2357 opening the retracement range. This allowed us to wait patiently for the retracement range to be hit. This was hit perfectly and now we are seeing price test the first level of the retracement range. We expect support bounce on each level of the...
Hello wonderful friends! Overall, after a sustained decline, XRP price found support near the $0.4865 area. A low was formed at $0.4864 and the price is currently attempting to mount a recovery wave, just like Bitcoin and Ethereum. There was a move above the $0.4950 and $0.50 resistance levels. On the other hand, XRPUSDT previously broke out above the key...
OANDA:XAUUSD STARTS THE WEEK ON THE BACK FOOT WITH US CPI THE MAIN FOCUS Gold's value dipped at the start of the week, expected due to upcoming US CPI data and Jerome Powell's speech. After peaking, gold has retreated significantly as traders and investors consider their next steps. The softer US data, including a weaker jobs market and higher initial jobless...
Hello summary traders! What do you think about XAUUSD's next trend? In terms of macro data: No macro data changed last night. The market will focus heavily on tomorrow's CPI data but first, this evening will release PPI data and then the speech of chairman J.Powell. With PPI data, I mainly pay attention to PPI m/m data and also need to determine that price...
Hello everyone, are you wondering about the recent trends of EURUSD? Currently, EURUSD is continuing to rise as the weakening of the US Dollar (USD) has spurred a strong response from EUR/USD. This currency pair has broken through several important resistance levels, turning them into new support levels. The recovery trend of EURUSD is further assured as it...
BTC / USDT BTC has printed big falling wedge and the chance for big breakout is high however more corrections and final shakeout can also happen The bottom about to be formed So Keep accumulating BTC and strong altcoins and enter market partially In meanwhile you can ask about your favorite altcoin for analysis Best of wishes
Bitcoin continues to hold the 60k levels, and by the weekly candles, any and all dips are being bought up. However the market does not feel over exuberant and so in my opinion there is room to run here. The next level of importance is around 92-95k, so for me I am slowly stepping in for the next move to the 90's. Any move into the mid to low 50's is an area...
GOLD MARKET INSIGHTS: Amid escalating tensions in the Middle East, gold prices have soared to nearly $2,360, bolstering the allure of this precious metal. This week, all eyes are on the U.S. economic indicators: the Consumer Price Index (CPI), Producer Price Index (PPI), and Retail Sales. These figures are poised to reveal pivotal trends in the economy and...
H4 Analysis: Bias/Analysis remains the same as analysis dated 12 May 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback. CHoCH is positioned at quite a distance away from current price,...