Dear traders, I am Conan! Today, I want to share with you an extremely exciting update on medium and long-term gold. Overall, Gold is currently at a historic peak and all signs indicate that prices will continue to explode in the coming years. As you can see On the chart, we can see a strong developing cup and handle pattern on the monthly timeframe. This is a...
Hello dear friends! That's the end of another trading week! Let's recap the markets from last week and discuss our new plan for next week, shall we? On the previous 1D timeframe we saw the trend change and the market quickly tested the 1.0900 high. But! Unfortunately in the uptrend it is in a consolidation correction above the downtrend resistance level....
Dear traders! We saw confirmation with the bullish sinking candle, getting support at 1.0830 with confluence from the 34.89 EMA. Therefore, the EU outlook remains very bullish and it is likely that based on our analysis, it continues its upward momentum towards the 1.0880 resistance and shakes open a bullish buy scenario towards the resistance level of the range...
Based on the chart analysis, the rising wedge pattern signals a likely bearish correction in the short term, with the price potentially testing the 0.618 Fibonacci retracement level around $518.36 as a key support. However, the Elliott Wave projection suggests a bullish reversal toward point (C) if support holds, indicating a medium-term upward move. Traders...
During this weekend's trading session, the gold market received the personal consumption expenditure index (PCE) report, one of the most important data of the week. Although inflation increased as expected, increasing the possibility that the US Federal Reserve (Fed) will lower interest rates this year, gold prices continue to decline. Gold prices' retreat after...
Dear traders! Gold prices are consolidating the previous recovery in a downtrend but remain limited in a narrow range near $2,350. Accordingly, News is ahead, we are waiting for the highly anticipated US Core Personal Consumption Expenditures Price Index, the Federal Reserve's preferred inflation measure, for momentum new directional force. You need to understand...
Dear traders! EURUSD continues to remain within a medium to long-term downtrend channel despite some mild recovery yesterday, but overall still unable to overcome 1.0850 resistance amid shifting sentiment from That pulled the EU down sharply to near the 1.0800 support level as of now. Accordingly, Resistance at 1.0850 continues to hold prices amid correction and...
Dear traders! On the demand timeframe we see EURUSD trading on an uptrend basis after it previously broke out of downtrend resistance. The technical outlook is optimistic and the Uptrend will certainly be supported by buyers higher and we would expect a local price increase targeting the medium to long term near the 1.1000 mark.
Dear traders! Gold (XAU/USD) traded steady at $2,340 on Friday, pausing a difficult recovery from Thursday's three-week low around $20 lower. The recovery came after weaker US growth data showed inflation will be contained and interest rates are likely to fall. As a non-yielding asset, lower interest rate expectations are positive for Gold. And if the upward...
Dear traders! Conan sees GBP/USD gradually forming an inverted cup and handle pattern. Theoretically, the pair should quickly break the 1.2680 support level and fall further, as the fundamental and technical outlook is negative. Meanwhile, the confluence of the two EMAs around 1.2730 suggests continued weakness in the short term. If the decline continues, the next...
🔮 #OM Analysis - Breakout Trading 🌟🚀 #OM was trading in a Bearish Pennant Pattern in weekly time frame and breakout the pattern. But there is an instant resistance, if the price closes above the resistance then we could target for next resistance☑️ 🔖 Current Price: $0.8350 ⏳ Target Price: $1.0054 ⁉️ What to do? - We have marked crucial levels in the chart ....
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rises on Friday due to a weaker US dollar and lower US yields. Traders expect the Federal Reserve to cut interest rates following weak US GDP data. Geopolitical risks in the Middle East may also boost gold as a safe-haven asset. Later, gold traders will monitor the US Core PCE...
Maharashtra Seamless , a leading manufacturer of seamless pipes in India, is showing technical patterns that suggest a potential swing trading opportunity. Reasons are listed below : Support at 800 Level : The 800 level has proven to be a strong support zone, indicating significant buying interest at this price point. 0.382 Fibonacci Level Support : The price...
Fortis Healthcare , a leading Indian healthcare provider, presents a compelling opportunity for swing trading. Reasons are listed below : Breakout from Key Resistance Zone : The 450 level has acted as a strong resistance, being tested multiple times. The price is now breaking out of this zone, indicating strong upward momentum. Bullish Engulfing Candle on...
Dear traders! Today's world gold price is listed on Kitco at 2,344 USD/ounce, up 7 USD/ounce compared to early yesterday morning. Accordingly, recently, traders' views have increasingly favored the scenario in which the Fed will keep interest rates higher for longer, increasing the opportunity cost of holding the yellow metal and creating Strong resistance level...
Looks like bottom is in for this share. Safe till it respects the stop loss.
Dear traders! Gold experienced significant volatility yesterday with a sharp slide above the $2347 support level and reaching the $2334 mark in line with a classic bearish flag structure. At the time of writing the price is aiming to test the $2,325 mark amid a correction and sell-off supported by a firmer US Dollar and higher US bond yields. Diminishing...
KNR Constructions , a leading infrastructure development company, is showing technical signals that suggest a potential swing trading opportunity. Reasons are listed below : 325 Zone Tested Multiple Times : The 325 level has been a significant resistance zone. The price is now attempting to break through this level, indicating strong bullish momentum. Bullish...