Gold is currently undergoing a short-term recovery phase following news related to the Middle East conflict and last week's Consumer Price Index (CPI) data. In the current session, we are looking to sell gold when the price returns to 2333-2334, targeting 2320. Technical analysis indicates that the strong support level around $1,820 per ounce has been tested...
Hello everyone, let's join Rena in predicting gold for this week! As of today, international gold prices are trading around 2,330 USD/ounce, maintaining a slight upward trend compared to the previous session. Investors are eagerly awaiting the latest US inflation report to be released today. Higher-than-expected inflation data could boost demand for gold as a...
EUR/USD traded within a narrow range near the critical support level of 1.0700 during Monday's early European session. Investors are concerned that France's economy may face a financial crisis if the far-right party forms a new government. EUR/USD fluctuated around the 1.0700 level after returning to a Symmetrical Triangle pattern on the daily timeframe. The...
After a steep decline, gold made a powerful comeback on Friday, sparking positive short-term forecasts for this precious metal. Currently trading around $2325, gold is approaching a key resistance level. From my perspective, I’m optimistic about gold this week. It appears poised for a technical rebound, ready to climb higher. Adding to this sentiment, a recent...
Greetings, fellow traders and gold enthusiasts! Join me, Rena, in exploring the gold price (XAU/USD) trend predictions for today! Currently, gold is hovering around the $2,320 USD/ounce mark, following a slight dip triggered by China's announcement to halt its national gold reserve accumulation. Gold's price trend for today might lean towards a decline due to a...
SPY weekly is here. If you have any doubts make sure to DM me here. All the crucial levels have been discussed in this analysis. NOTE: MARKET IS BULLISH & RETRACEMENT CAN COME
BTC has just broken through the two important resistance levels of 66100 and 67000. At present, the long and short forces have reversed. The price has encountered great resistance near 67300. It is currently in a decline phase, but it is likely to continue to rise after the decline. You can pay attention to the resistance range of 66100-66400 below. If the price...
Key Points: USD and Bond Yields Impact: Gold prices edged lower at the start of the week, influenced by a strengthening USD and rising bond yields. Awaiting Economic Data: Investors are keenly awaiting economic data and commentary from Federal Reserve officials for clearer guidance on interest rate cuts. Price Range Forecast: In this environment, gold is...
Hello everyone! What do you think—should we buy or sell BTCUSD today? In this analysis, I’m leaning towards a selling strategy. Currently, BTCUSD is hovering steadily around $66,200, down 0.6% for the day. Taking a closer look at the technical indicators, the trendline and EMA both favor the bears. Given these factors, my strategy is to prioritize selling as the...
Today, the USDJPY currency pair is experiencing volatility, largely influenced by the Federal Reserve's monetary policy and global economic conditions. USDJPY has had an unstable trading day, starting from a high of 110.20 and falling below 110.00 in early morning trading sessions. The current important support level is around 109.80, a level that has been...
Gold has regained its upward momentum following recent U.S. job data and the announcement by the People's Bank of China (PBoC) to halt gold reserve purcha This resurgence is driven by weaker economic data, including lower producer price indices and higher jobless claims reported last week. These factors bolster the likelihood of a rate cut by the Federal Reserve...
Let's dive into today's gold trading strategy together! As the market opened today, gold saw a slight dip. Currently, the precious metal is trading at $2325, down by 0.35%, losing $9 in value for the day. This decline is largely attributed to concerns over the Federal Reserve's interest rate policies. However, the critical $2300 level remains a key support for...
Today, EURUSD remains confined within a descending wedge pattern. Key technical indicators, including the trendline and EMA, continue to favor a bearish outlook for investors. As long as the upper boundary of the wedge holds, the selling trend strategy remains the preferred approach with high expectations.
Bitcoin is almost ready for the final capitulation event at 62k. Is this a lifetime opportunity to buy BTC and catch the bottom? Definitely yes, you can do it pretty precisely at 62402 with your limit order. Why is this level so important? The most important is the 0.618 Fibonacci level that we can measure in the previous impulse wave. Second, we have an unfilled...
As of this afternoon, EUR/USD is trading around 1.0850, experiencing a slight downward pressure from the previous sessions. This movement is influenced by a combination of economic data and monetary policy factors. Recent robust economic data from the U.S., particularly the strong retail sales figures and industrial production reports, have bolstered the USD....
Hello everyone! What are your thoughts on GBPUSD today? From our chart analysis, it's evident that this currency pair is under bearish pressure. It has recently broken below the ascending trendline and is currently in a downtrend wave. Currently trading at 1.266, I believe GBPUSD might gain some short-term bullish momentum from the support around this level....
In our latest analysis of the gold chart on the 4-hour time frame, we observed an intriguing price movement. After climbing from $2336, gold faced a correction, dropping to $2315. However, it quickly rebounded with renewed demand, reaching around $2320, and is currently trading at $2319. Gold is now sitting in a crucial range. If it maintains support between $2309...
Hello everyone! What are your thoughts on BTCUSDT potentially dropping to $62,800? Following yesterday's volatility, BTCUSDT continues its downward trajectory. The technical indicators still favor the bears, and the price is currently sliding at $65,400, marking a 1.59% drop for the day.