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....
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...
Gold has given us a market shift after the news release on the lower TF, though it's a risky entry buy worth it. risk - 50 pips Target 1:3RR
Let's talk about BTCUSDT. After experiencing a brief surge yesterday, BTCUSDT is now resuming its downward trend. Currently, it's trading around $67,500, with both the trendline and the EMA 34 and 89 indicators still favoring the bears. Given these signals, I anticipate further declines. What about you? Do you see more downside potential, or do you have a...
Dear traders! On the 4-hour chart we see a trend change then the market entered a consolidation phase below the strong resistance level of 72,000 USD and reached 66,000 USD. Yesterday, BTC rallied a bit on the strength of the CPI but the fundamental reaction may have exhausted itself as seen against the $70,000 resistance level. Personally, I appreciate that the...
Hey friends, What do you think about gold's current movement? Yesterday, after the CPI news was released, gold surged strongly to $2340. However, this rally was short-lived, and prices have since returned to the $2313 level. From a technical standpoint, we can observe that gold had previously experienced a significant drop. The recent upward movement over the...
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...
Dear traders! It's time to sell gold. A quick test of the 2307 support level and a return to the key resistance level of 2320-2323 would be a good entry point for gold. Sell target targets 2300 USD for a big strike. 2% rule for account management! Good luck
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,...
Dear traders! The H1 double top and bottom pattern has been discovered Potential neckline of 1.0800 has been breached (Gap was filled after yesterday's CPI news). Currently, the price is testing an important and cumulative support level. Therefore, buy EURUSD and target 1.0852 at least and 1.0902
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...
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%,...
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...
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...
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!
Hello traders, On Wednesday, EUR/USD climbed higher as market risk appetite increased following lower-than-expected U.S. Consumer Price Index (CPI) inflation data. However, the pair's gains were capped by the Federal Reserve's hawkish stance on future interest rates, leading to a late-day pullback. Trend Analysis: Current Range: We anticipate that EUR/USD...
Today, let’s dive into BTCUSD. From my perspective, the outlook remains bearish. Here’s why: -Technical Analysis: Current Price: BTCUSD is trading around $67,600, having lost 0.84% today. Trend: The price continues to follow a clear downward trend. EMA Indicators: The coin is positioned below both the EMA 34 and EMA 89, with the EMA 34 showing a bearish...
Recently, we have witnessed notable movements in two significant currencies: the US dollar and the Japanese yen. Over the past week, the US dollar has experienced a slight depreciation after a prolonged period of strong growth due to investor concerns about the Federal Reserve. Meanwhile, the Japanese yen remains fragile ahead of the Bank of Japan's meeting....