Dear traders! GBP/USD edged lower on Thursday amid increased USD-inspired buying interest. The mixed technical setup warrants some caution before positioning for deeper losses. Before the weekend as long as the daily close above the 1.2800 mark will set the stage for a further upward move. In the short term, GU is likely to gain further upside but a close below...
Gold prices today continue to face downward pressure, currently trading around $2314 , losing 0.45% for the day with a drop of over 100 pips during the early Asian trading session. Despite a strong rally last night that pushed gold close to $2350, the precious metal couldn't maintain its recovery. This was despite the U.S. Dollar weakening after the U.S....
Dear traders! It's time to buy gold. The BB indicator is narrowing in a downtrend, and it seems that sellers cannot break the support. A recovery candle has formed from the BB limit. Therefore, buy target up to 2335 USD.
Yesterday, the market experienced a roller coaster trend. At first, I predicted that the price would fall after encountering resistance below 69130, but as soon as the CPI data came out, the price soared directly and broke through the downward trend line. This was obviously an irrational behavior of the market. Later, the price encountered resistance in the rise,...
Hello everyone! Today, we continue to see gold trading around the crucial psychological level of $2300. This movement was anticipated as gold approached the $2300 level to gather new momentum from this support zone. However, following the latest announcements from the Federal Reserve (Fed), gold has lost much of its previous drive, leading to a significant...
In this morning's trading session, the price of gold has experienced some specific fluctuations. Overall, the general trend of the gold price remains stable and maintained at a high level. Technical indicators show that the price of gold is at a strong level with a steady and stable upward trend. The moving average indicates that the upward trend is being...
Dear traders. Time to buy EURUSD with strong buyer interest around 1.0720 - 1.0700 area (Due to signs of BB narrowing in a downtrend) Accordingly, the previous price liquidity is still very large So it would make more sense to buy EURUSD and target 1.0865 for a major bull strike (if EURUSD breaks 1.0700 the market structure will change) Manage 2% for account...
FX:XAUUSD rises to 2340 on the back of yesterday's CPI and Powell's comments form a shakeup in the market and the price of the metal drops to 2308, forming a false breakdown of the key liquidity area of 2325. Today the market is expecting PPI (MoM) and Initial Jobless Claims. Producer Price Index is expected to be lower than last period 0.1% instead of 0.4%,...
Today, international gold prices are trading around $2,330 USD/ounce, up slightly from the previous session. This price increase is mainly due to expectations for US inflation reports and current geopolitical tensions. If inflation data is higher than expected, gold demand could increase due to concerns about prolonged inflation. A strong US dollar could put...
Dear traders! EURUSD corrects previous losses following yesterday's CPI news. That can be seen compared to the session that broke out of the 1.0800 resistance level and reached 1.0852. But overall, the reaction at the 1.0852 resistance area brought the market quickly back to the important support area and formed a classic (bullish) pattern. At the time of...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.52 which is a pullback support. Stop loss is at 76.30 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level. Take profit is at 80.37 which is a multi-swing-high resistance that aligns...
Dear traders! Overall, BTC today has a narrowing downtrend that is gradually forming above H4 protected by the immediate resistance mark at 70,000 USD. But in light of buyers gaining good near-term traction that can be seen on the setup against 66,000, I expect BTCUSDT to rise to resistance before falling further to the indicated level. Hope you like this idea....
The overall price of gold has decreased by -0.67% in the last 24 hours, corresponding to a decrease of -15.54 USD/Ounce. Gold prices continue to decline after the Federal Reserve's announcement of a one-time interest rate cut this year, as inflation remains below the 2% target. This decrease may reflect profit-taking by investors after a recent uptrend in...
Good Morning Traders, Not financial advise, at ones own risk:reward GME failure to hold levels gained and losing level sends this back to the origin. NYSE:GME to 17 Too many believers without continuation turns the believers stop loss to close orders as fuel for down. Will be back with an update around target price with an update and possibly a long. Have...
The price perfectly fulfilled my last idea. It bounced off the entry zone. OANDA:XAUUSD is heading towards the support levels after forming a clear double top pattern. The price has already tested the 50% level of the previous Friday's range, indicating a potential reversal. On the daily chart, we see a long-tailed candle that suggests a liquidity grab above the...
Hey Everyone, After completing our target at 2326 yesterday, we have a gap left open at 2349. We got a nice run of over 150 pips but not the full gap. As always we only buy from dips so our exits have been nice, safe and early. We also highlighted that any rejection before the target, we will be looking for support above 2309 for the bounce. This played out...
Dear traders! As I predicted earlier, recent technical selling in the gold market has turned to a short-term bearish trend. Talking about impactful news : the Fed decided to keep the current interest rate unchanged. Since then, gold has lost much of its previous momentum. Despite being under pressure, the fact that gold is still above 2,300 USD/ounce proves...
Today, gold has slipped slightly by $10, currently trading around $2315. This comes as the U.S. Dollar tumbled following the release of much-anticipated U.S. economic data. The short-term downtrend in gold remains in play. Technical Analysis: Trendline Break: From a technical standpoint, gold has broken through its trendline, signaling continued bearish...