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...
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 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...
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...
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?
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...
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...
BTCUSDT UPDATE: BTCUSDT continues its downward slide from last week, currently hovering around the $60,000 mark within a well-established descending channel. There are no clear signs of a breakout yet, indicating a stable yet bearish trend. It is advisable to prioritize selling for today. Keep an eye on the price as it approaches either the upper or lower limits...
🏃♂️ Bitcoin is moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 🌊According to the theory of Elliott waves , Bitcoin seems to be forming a main wave 3 (the next 5 impulsive waves). 📈In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Descending Broadening Wedge Pattern . 💡Looking at the chart of Market...
Currently, the USD/JPY currency pair is indicating a favorable buying opportunity, with the buy zone identified at 155.70. This suggests that at this particular price level, it could be advantageous for traders to consider initiating long positions in anticipation of potential price appreciation. To capitalize on potential gains, traders may consider setting...
On Monday, gold prices traded negatively during the Asian session. Hawkish remarks from the Fed along with increasing speculation that the Fed might delay its easing plans bolstered the U.S. dollar, driving gold prices lower. However, the bullish outlook for gold remains intact as it sustains above the 34.89 EMA. This support suggests that the trajectory for...
XAUUSD, indicating a sell zone at the current price of 2355. This presents a strategic moment for traders to capitalize on potential market movement. Setting multiple take-profit levels, such as at 2350, 2340, and 2330, offers a layered approach to securing gains at different price points, ensuring flexibility in profit-taking as the market reacts. Meanwhile,...
The current buying opportunity for USDCHF is at 0.90659, presenting traders with an advantageous entry point. Setting take profit levels at 0.90761, 0.90871, and 0.91074 allows for a strategic approach to capitalizing on potential market movements. These levels offer clear targets for profit-taking, helping traders manage risk and maximize returns. Implementing a...
The suggested buy zone for NZDUSD is currently at 0.60075, indicating a favorable entry point for potential investors. This strategic entry level is complemented by carefully calculated take profit points, set at 0.60341, 0.60525, and 0.60609, offering multiple opportunities for profit-taking as the trade progresses. Additionally, a prudent stop loss order is...
Currently, the EUR/GBP pair presents a favorable buying opportunity, with the buy zone identified at 0.85969. This suggests an advantageous entry point for traders looking to capitalize on potential gains in the market. As for profit-taking levels, targets are set at 0.86300, 0.87319, and 0.86492, offering multiple opportunities for traders to secure profits at...
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
Gold prices (XAU/USD) encountered challenges in Monday's Asian trading session. Hawkish comments from the Federal Reserve (Fed) and speculation that the Fed might delay easing its monetary policy boosted the USD, putting downward pressure on gold. However, economic weakness and geopolitical tensions in the Middle East could support the precious metal. Investors...
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...