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...
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...
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! 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
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...
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
From the lines I drew in the chart, you can see that BTC is currently in a downward channel, but the price is rebounding and rising. The price is likely to fall back after rising. It is not recommended to buy after the price rises. The price may rise to the resistance range below 69130 and then fall again. There is uncertainty in today's trend, and conservatives...
Hey Everyone, 2326 HIT - BOOOOOM!!! Yesterday after completing 2296 and 2306 we confirmed a cross and lock opening gap to 2326 Goldturn. This target was hit today as called out yesterday. We are now seeing ema5 cross and lock above 2326 opening 2349. We have FOMC today so taking caution and any rejection before the target will be looking for support above 2309...
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...
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....
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, 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...
Hello, friends who love trading EURUSD! Today, we’re observing EURUSD continuing its downward trend, with the price currently hovering around 1.080. -Market Recap: Yesterday's Action: Following the news, EURUSD quickly surged and filled the gap but couldn’t sustain the upward momentum for long. Technical Outlook: Price Pattern: The pair is trading within a...
Hello everyone, In today's trading session, gold has seen a slight increase. However, the looming threat of a "hot" inflation report from the Federal Reserve's FOMC meeting, starting this morning (June 12), could push gold prices down. While demand from bargain hunters has boosted gold prices, the rise is capped by the strong U.S. dollar. Recent positive...
Injective (INJ) has been the biggest gainer of the week with a robust increase of 20.43%. After reaching an all-time high (ATH) of $53.01, INJ experienced a significant sell-off, filling the Fair Value Gap (FVG) on the daily timeframe and touching a low of $18.70 before quickly bouncing back. Currently, INJ is trading within a range of $21.54 to $29, facing...