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...
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,...
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.
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%,...
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! From the chart, BTCUSD confirms that the double top pattern has formed and that the short-term bearish trend is dominant (by the 34.89 exponential moving average reversing in line with the resistance level of 68,000 USD), actively defended by sellers on the wave of correction and sell-off. Currently, we can see BTC falling to the support level of...
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....
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...
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...
Hello everyone! Overall, EUR/USD saw renewed selling pressure during the European session to close at 1.0700 as the barrier from expanding US dollar strength combined with impending political instability in the EU exerted downward pressure live price for this currency pair. However, in the short term a recovery is possible from the channel with support from...
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...
BTCUSDT has experienced a decline following a double top pattern, breaking through the crucial support level at $67,600 – just as I had anticipated earlier. Given this scenario, BTCUSDT could potentially continue its descent towards the next target of $61,000. Trading Idea: This is my personal take on BTCUSDT’s current trend. I encourage you to share your own...
1. Gold’s Performance on Thursday Gold (XAU/USD) ended Thursday in the red after four days of gains. Despite this drop, it stayed strong just below the $2300 mark and remained stable above it during the Asian trading session on Frid 2. Impact of the Federal Reserve Significant price increases for gold seem unlikely at the moment. The Federal Reserve’s...
GME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH!