Hello, dear friends, Let’s navigate the tranquil waters of yesterday's gold market, where prices softly bobbed near the Friday closing level of around $2159, in a serene anticipation of significant news expected to surface only by Thursday. Gold remains anchored in its downtrend, hemmed within an unbroken parallel channel, hinting at the possibility of further...
Hello everyone, let's discuss and strategize together today! In general, XAUUSD is still within a tight downward price channel from its all-time high of $2195. Since surpassing the support level at $2175, it has been leaning towards a correction. It is currently trading around $2156, with a drop of $7 from its pause at $2163. This week, the price of Gold will be...
BUY ABOVE - 46690 SL - 46560 TARGETS - 46870,47050,47200 SELL BELOW - 46450 SL - 46560 TARGETS - 46300,46100,45930 NO TRADE ZONE - 46450 to 46690 Previous Day High - 46690 Previous Day Low - 46300 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Hello BTCUSDT traders: Today marks yet another day of decline for BTCUSDT, slipping past the $66,900 support level. The price now hovers at $65,800, continuing its descent from last week's peak of $72,000. This digital currency has witnessed a 2.64% drop today, and the short to medium-term outlook still favors a bearish strategy. With a profit-target near...
BUY ABOVE - 22060 SL - 22010 TARGETS - 22120,22170,22210 SELL BELOW - 21980 SL - 22010 TARGETS - 21940,21900,21850 NO TRADE ZONE - 21980 to 22060 Previous Day High - 22120 Previous Day Low - 21940 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Gold Trading Strategy: Today's gold market continues to face downward pressure, hampered by lingering risk aversion sentiments that bolster the US Dollar's appeal, trapping it in a bearish trend. For short to medium-term strategies, consider prioritizing SELL positions as the charts reveal a convergence between the EMA and resistance levels. XAUUSD SELL zone is...
Google is not letting me tag em.. Anyways, All Time High is on the table. Again, know the rules of the business. March 17, 2024, 8:40 am, Sunday
Hello everyone, let's discuss and plan our strategy for today! Overall, XAUUSD continues to await a correction within the expected downtrend channel. Currently, the price remains below the support level of $2175 USD, trading at $2159 USD at the moment, after reaching $2172 USD, marking a 0.13% decline for the day. So, what factors could continue to push the price...
BTCUSDT is showing signs of recovery from yesterday's sharp decline, yet the downtrend isn't over due to sustained selling pressure after breaking below the crucial support level of $69,500. Our strategy today leans towards selling, as the price has retraced to the 0.618 - 0.5 Fibonacci levels, making it an opportune moment for short-term sellers. What about...
Hello beloved friends, the EUR/USD saga continues as it oscillated below the 1.0900 mark on Friday, still under the grip of bearish forces after a three-week growth streak. The cautious sentiment sweeping through the market as we approach the weekend fortified the US Dollar against its rivals, restraining any upward momentum for this currency pair. Technical...
Hello dear friends, today we're seeing the gold prices temporarily closing at around $2156, still submerged in a downward trend as the market is taking profits after the dizzying increase to nearly $2200 just last week. Throughout the past week, gold faced pressure due to the strengthening of the US dollar, with all news seeming to be unfavorable for this...
BUY ABOVE - 5124 SL - 5113 TARGETS - 5131,5140,5150 SELL BELOW - 5113 SL - 5124 TARGETS - 5104,5091,5083 NO TRADE ZONE - 5113 to 5124 Previous Day High - 5131 Previous Day Low - 5104 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it...
Greetings dear friends, let's dive into the journey of gold prices over the past week and strategize for the upcoming days together! This past week, gold's trajectory was quite fascinating, with the majority of the period witnessing a correction following its historic climb to nearly $2200. Despite the regular release of news, it seems that these developments...
Hello, this is my idea about EURUSD, let's discuss it together. In general, EURUSD has experienced a significant decline yesterday, surpassing the support level of 1.0915-1.0902. At the moment, the price is testing back at 1.0886, after reaching 1.0872, marking a 0.04% increase for the day. So, what are the reasons and factors pushing this currency pair...
Hello dear friends! Currently, XAUUSD has paused after a strong recovery. The all-time high level around 2195 USD has been formed, followed by a period of correction. XAUUSD has experienced significant volatility this week, specifically breaking the support level at 2175 and testing the level at 2150. There is a possibility of further decline, but after retesting...
... for a 192.24 debit. Comments: Opened this in late Friday's session as it floated to the top of my IV screener with IVR/IV at 106/39. Sold the -75 delta call against 100 delta of long stock, with a resulting cost basis of 192.24/share. This is to emulate a 25 delta short put and to take advantage of call side IV skew while having "built-in" position defense...
Hello everyone, let's discuss and strategize for today with me! In general, EURUSD has experienced significant price fluctuations, falling out of the uptrend channel, and completing a correction. It is currently trading at 1.0862, after reaching 1.0905, marking a decrease of 0.09% for the day. In terms of influencing factors: the relatively slow fundamental...
Hello everyone, it's great to see you again and discuss our current strategy. In general, XAUUSD is consolidating around the 2158 USD level, but at the same time, it continues to be within a narrow downtrend channel. Theoretically, the price will continue to gradually decrease within this downtrend channel, which will break below the support level and seek lower...