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...
BTCUSD trading ideas: If you are a swing investor, pay attention to the 65,000 area as long as the price holds, buyers will push the price up significantly, while on a breakout we will see the downtrend continue. Personally, I am optimistic that after adjusting to the designated area, the price will recover to resistance. A breakout and consolidation above...
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...
Dear traders! Overall, gold prices (XAUUSD) are struggling to overcome the $2335 resistance level and partially eroded Friday's positive move following the Federal Reserve's surprise hawkish stance (Fed). From the 2-hour chart, we can see that gold is falling into a Bollinger Band range (with sideways signs) after the previous recovery period. Therefore, Suzuki...
Dear friend! Gold price (XAU/USD) meets with a fresh supply during the early European session and erodes a part of Friday's positive move in the wake of the Federal Reserve's (Fed) hawkish surprise. In fact, policymakers lowered their forecast for the number of rate cuts this year to one from three projected in March. This remains supportive of elevated US...
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...
Dear friends! It's time to buy gold And the buying pressure is huge at Fibonacci 0.618 (ie 2320), now the price has formed. Additionally, there is a Fair Value Gap (FVG) ahead that could be filled this week, ranging between 2347USD and 2373. This presents an interesting opportunity for long traders. Therefore, we can buy gold and target around 2373 USD at least.
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...
Dear traders! Overall from the chart, BTCUSDT is still falling into a clear sell-off wave. (Clearly indicated by an arrow pointing down). Accordingly, the BB indicator once again shows signs that the market's price decline is gradually slowing down (moving within a BB range). So we want to look for buy and sell levels according to resistance and support. I expect...
Today, BTCUSDT continues to show signs of downward pressure. On the 4-hour chart, the price struggles to break above the crucial resistance level at $67,500. The persistent downtrend line underscores a negative market sentiment. Both the EMA 34 and EMA 89 are sloping downward, indicating sustained selling pressure. Furthermore, the RSI is fluctuating below 50,...
Bitcoin prices are currently stuck in a rectangle pattern. A break below $66,000 could potentially send prices down to $60,000, a drop of 9%. Conversely, a break above $72,000 could lift prices towards $77,970 per coin. Recent trends show a stronger dollar, particularly against the Euro and British pound. If this strength continues, it could negatively impact...
It is about reading the price pattern and the result of the indicators I will only share with you what the result of the analysis shows. This could be wrong. MD
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...
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...
Gold dropped to around $2,320 per ounce on Monday, following a more than 1% rise last week, under pressure from higher US Treasury yields, while market participants awaited further cues to gauge the Federal Reserve's monetary policy trajectory. Last week's data indicated that US consumer prices held steady in May for the first time in nearly two years, while...
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.
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...