Hey everyone, What are your thoughts on whether we should buy or sell BTCUSDT today? After carefully observing the data and analyzing the charts, BTCUSDT appears to be in an accumulation phase and is currently consolidating with the EMA 34, 89. It's expected to continue sideways movement around the current level near the support area and may bounce upwards once...
Hello everyone, Today, gold prices continue their recovery momentum since Monday, with the metal gaining over $25 since the start of the new week. Although gold has experienced two consecutive weeks of decline following a five-week recovery streak, overall investor sentiment remains optimistic towards this precious metal. From chart analysis, we observe that...
Greetings, savvy and wealthy investors! Today, gold prices are trading negatively. However, the outlook for the precious metal remains constructive, as XAU/USD sits above the EMA 34, 89 lines. In the short term, gold prices are still constrained within a gradually declining trend channel since mid-April. However, the path of least resistance seems upward as the...
Hello all dear friends! XAUUSD is strengthening after an impactful week with the FOMC interest rate announcement and the April US non-farm payrolls report, within the framework of a falling dollar. Possible retest of the liquidity area, aiming for a change in trend. Gold is also receiving fundamental support when it comes to central banks' gold demand over the...
Hello dear traders! In the short term, as mentioned earlier EURUSD is consolidating above high levels with trading activity on the 4 hour time frame. But at the same time there is a potential top at the May high of 1.0812, support is around 1.0755 if this level is breached it could send the EU lower potentially reaching 1.0700. In the medium and long term, the...
Gold prices fell for the second consecutive week with the closing price just slightly above the $2,300 threshold at the end of last week. It is currently trading at 2311 US, marking a 0.4% gain on the day. Accordingly, DXY fell nearly 1%. However, the weekend session saw a rather strong withdrawal, somewhat narrowing the downward momentum. This has pulled the...
Today, EURUSD continues to move within a descending price channel, with the pair currently trading around the 1.076 level and approaching the upper boundary of the channel. Another downward movement is expected as the selling side continues to firmly defend the price channel!
Gold prices today (May 3), the international market turned down sharply after the US announced more information about the number of first-time unemployment benefit applications being quite positive. The OECD has raised its forecast for the global economy to grow by 3.1% this year, so investors have strongly sold gold. Yesterday, the US economy released more...
Hey there, what do you think about SOLUSDT? Currently, SOLUSDT is showing relatively stable recovery phases, with prices receiving support around $125.80 and gradually approaching the resistance level as marked on the chart. If we successfully break and close above that level, we could expect a target around $180.100. On the other hand, SOLUSDT might still...
Greetings traders, Today, BTCUSDT is hovering around $64,230 since its last dip last Friday. However, looking at the bigger technical picture, BTCUSDT is still operating steadily within a consolidation channel, with short-term prospects favoring the selling side given stable factors and support from RSI and EMA 34, 89. The $69,000 mark may appear soon, but...
The hesitant movement of the US Dollar (USD) seems to have provided enough momentum for the continued upward movement of EUR/USD at the beginning of the week. However, this pair has failed to retest or surpass the key barrier at 1.0800 during its fourth consecutive day of gains. The anticipated sideways trend is expected to persist, with the pair soon...
The EUR/USD is trading within a tight channel around 1.0750 at the start of Monday after closing last week positively. The technical picture suggests that this currency pair may continue its upward momentum in the near term as the price range widens. Disappointing data releases from the US weakened the US Dollar (USD) against its counterparts on Friday, boosting...
Hello dear traders! XAUUSD correction continues. Resistance at 2328 USD failed to turn XAUUSD back into yesterday's trading session. Showing that buying power is becoming weaker, up to now gold has touched 2314 USD, marking a decrease of 0.43% on the day. General, gold prices (XAU/USD) lost their recovery momentum on Tuesday. The yellow metal's decline was...
Gold prices extended the recovery on Tuesday. The yellow metal's rally was supported by a weaker US dollar after recent US Nonfarm Payrolls (NFP) data increased bets that the Federal Reserve will cut interest rates later this year. From a technical standpoint, XAU/USD has made little progress, although the downside acceleration has diminished. The daily chart...
End of day update from us here at KOG: We were expecting it to be a quiet day, but in true unconventional market fashion we actually had a blinding day on the markets, especially gold. Early session we saw the break above which confirmed the long trade, Excalibur activated, the red box strategy agreed, and we got not 1 but 2 fantastic long trades on gold. To...
Hello dear traders! Looking back at yesterday's trading session, gold has demonstrated its strength continuously after a series of 5 weeks of recovery, but in general, investor psychology still maintains optimism towards precious metals. The technical chart shows gold exiting the downtrend, which is an impressive move by the bulls as they not only successfully...
World gold prices fell for the second consecutive week with the closing price just slightly above the threshold of 2,300 USD at the end of last week. Set in the context of relatively conservative fluctuations after important news, notably the Fed's monetary policy statement in mid-week and US employment data released on Friday. Last week was fundamentally rich,...
Hello dear friends, Today, let's explore the gold prices together! Gold has seen a slight recovery after a turbulent Friday, trading steadily around $2310 and rising 0.34% during the day. In terms of short-term prospects, gold seems to be moving sideways and remains in an accumulation phase with expected fluctuations between $2325 and $2290. Pay attention to...