RalphBenjaminTrading

RalphBenjaminTrading Updated 

Hello dear traders! It can be seen on almost every timeframe that GBPUSD is showing significant gains, indicating a very positive bullish outlook. From the 3-hour chart, GBPUSD is currently receiving strong support around the 1.2500 breakout level being aggressively defended by buyers on the basis of the recent wave of growth at highs. Before that, the structure...

RalphBenjaminTrading Updated 

Hello dear traders! Today, gold prices are fluctuating around 2305 USD after retreating under profit-taking pressure from 2400 USD, marking a decrease of 100 USD since it plunged. Regarding international market information: - The precious metals correction was underpinned by investors remaining optimistic amid hopes that the Iran-Israel conflict will not escalate...

RalphBenjaminTrading Updated 

Hello all dear traders! Overall, as expected, the gold market quickly retreated from the $2,400 level, losing a loss of $65 in just one day. It can be seen that gold today touched the 2300 USD mark but it quickly bought back the decrease, recovering 10 USD in this period. It is currently trading at $2310. So what are the reasons and factors that cause gold...

RalphBenjaminTrading Updated 

Hello friends. Gold price at the beginning of the week just touched 2,370 USD, marking a decrease of 0.93% on the day but at the same time a marlin is gradually forming. Theoretically, the price should break the support, which would constitute a false break at $2361. The H4 setup shows strong resistance from the market, with the current trend a price increase...

RalphBenjaminTrading Updated 

Hello everyone. Gold prices extend pullback as Middle East worries ease US dollar weakens amid upbeat mood, despite recovery in US Treasury yields. Gold prices target $2,350 on sustained break below $2,370 on 4-hour chart. On H1, the $2350 support level is formed and it seems that the market maker is trying to rally the price back up, testing the breakout...

RalphBenjaminTrading Updated 

Hi everybody! Overall, the Uptrend continues to develop at high levels, XAUUSD is currently stalling after a strong rally around the $2392 area marking a 0.55% gain on the day. But the surprising thing is that the $2,400 mark has not yet been surpassed. Clearly, the energy has run out and the market maker is trying to hold above the $2365 mark with help from the...

RalphBenjaminTrading Updated 

Hello dear friends! Overall, XAUUSD has experienced significant fluctuations with price increases surpassing the $2366 mark. It is currently trading at a new high of $2,381, after hitting $2,431, marking a 0.09% gain on the day. Recently, gold has had difficulty maintaining its peak of $2,431. Gold's upward momentum is hindered by many factors, including news...

RalphBenjaminTrading Updated 

Ralph Benjamin hello everyone! After a price increase that brought gold past the 2,400 USD/ounce mark, the world gold market was under pressure to sell off and entered a consolidation period. However, according to commodity investor Dennis Gartman, this precious metal still has a lot of upside momentum. Most likely, the price of gold could rise to 2500 USD and...

RalphBenjaminTrading Updated 

Hello all dear traders! Let's discuss and strategize for the new day with me! As Ralph Benjamin mentioned in his previous analysis, GBPUSD is currently in a corrective recovery phase, receiving strong support at 1.2400. Currently GBPUSD is trading stable at 1.2440. It seems like GU is trying to recover after the previous strong correction. The H4 setup shows...

RalphBenjaminTrading Updated 

Hello, dear friend. EUR/USD is holding recovery mode near 1.0650 during the European session on Friday. A rebound in risk sentiment is helping the pair as the safe-haven US Dollar strengthens. Earlier today, reports of an Israeli attack on Iran spooked the markets. Looking ahead, relatively weak economic fundamentals in the euro area, coupled with the resilience...

RalphBenjaminTrading Updated 

Hello dear traders! Overall, XAUUSD is trading exclusively in a bull market. It has now leveled off after the market's previous surge in the growth channel, with a correction likely to test before further growth. The steady uptrend on the 1h timeframe remains stable suggesting a very positive bullish outlook with a continuation target at $2400. Accordingly, gold...

RalphBenjaminTrading Updated 

Ralph Benjamin, hello everyone! Thus, the price of gold plummeted, dropping 20 USD after just 30 seconds after the US inflation announcement, exceeding market expectations yesterday. Currently, in today's trading session, the uptrend continues, gold is currently consolidating below the $2250 barrier. The uptrend is strong as it consolidates at high levels with...

RalphBenjaminTrading Updated 

Hi everybody! Now, EUR/USD continued its losing streak for the sixth straight session on Tuesday, hovering near 1.0620 during Asian trading hours. Strength in the US Dollar (USD) puts pressure on the EUR/USD pair, possibly boosted by rising US Treasury yields. Additionally, stronger-than-expected Retail Sales data from the US raised expectations that the Federal...

RalphBenjaminTrading

Hi everybody. Nice to meet you again to discuss and strategize with you today! Overall, the movement of EURUSD completely meets my needs. After the head and shoulders formation, the price has broken out of the bullish and bearish channel up to now. It is currently in the process of recovering and consolidating above the 1.0600 level. With the possibility of wave...

RalphBenjaminTrading Updated 

GBP/USD traded slightly lower on the day below 1.2450 during the early European session on Tuesday. Data from the UK showed that the ILO Unemployment Rate in February rose from 4% to 4.2%, putting pressure on the British Pound. Later in the day, Fed Chairman Jerome Powell will speak on the economic outlook and monetary policy. Investors will also closely monitor...

RalphBenjaminTrading Updated 

Hello wonderful friends of Ralph Benjamin! International market information today: Gold prices increased again in the context of escalating geopolitics, especially in the Middle East. It is currently trading steady around the $2,370 mark, marking a 0.58% drop on the day. Overall, geopolitical uncertainty surrounding the growing chaos in the Middle East has...

RalphBenjaminTrading Updated 

Hello dear traders! The Japanese Yen remains near multi-decade lows amid BoJ's dovish outlook. Bets on a Fed rate cut will lift USD to new year-to-date highs and provide further support for USD/JPY. Intervention concerns and softer risk levels could help limit deeper losses in the safe-haven JPY. On the other hand, the US Dollar (USD) extended its recent upward...

RalphBenjaminTrading Updated 

Hello dear friends! Let's review and strategize with me today! According to Kitco, the world gold price recorded today is around 2,380.95 USD/ounce. Today's gold price is 37.66 USD/ounce different from yesterday's gold price. Safe-haven demand due to concerns about escalating tensions in the Middle East continued to provide a boost to the yellow metal in the...