Introduction - Bulls are holding 43-year trend line at 2360s while NASDAQ bears formed a soft ceiling at 2400 that should hold past through May 1st FOMC. The result has gold range bound, predominantly between 2367-2392 for the incoming nine trading days, after which gold should head for 2444 and higher. Details - Follow up to 9-1 DRAFT's failure to break out...
Today, gold prices continued to rise sharply on the last trading day of the week, increasing by nearly $35 to reach a peak of $2418 before settling around $2410 at the time of writing. The momentum behind gold's rise remains intact after it rebounded from the 34-day EMA line, with technical factors still supporting the price. Many believe that gold is being...
Hello friends! Currently, BTCUSD is still stuck in a downtrend. Factors suggest that bearish momentum is still dominating the market, with the possibility of further strong price declines as prices break below support and remain below the 34 and 89 day moving averages (34 and EMA 89). This shows that the market is leaning towards sellers. Previous idea! In the...
The Bitcoin 2024 Halving is only 5 days away —according to CoinMarketCap— and this is truly a major event in this market. Bitcoin's halving has a huge effect on the entire Cryptocurrency market in a positive way. The halving is something good and was implemented as a strategy/feature/solution/technique to fight the highly feared and polarizing monetary inflation...
By checking the gold chart in the 1-hour time frame, we can see that according to the latest analysis, the price was able to fall from the level of $2393 to $2369 and bring us more than 230 pips of profit! After that, the price was fluctuating in the same range. This morning, with the announcement of Israel's attack on Iran, gold was accompanied by a strong growth...
Hello dear friends! It's a pleasure to meet you again and discuss with you in today's chat. As such, XAUUSD continues to consolidate at high levels with continued growth, without a false break of the uptrend channel occurring, it is currently touching $2406 at the time of writing, marking an increase dramatic 1.13% on the day. The growth scenario at this time is...
Any questions? Follow the trend lines with lows and highs. 14D TF dotted blue lines squeezed into a 4HR TF. Shows the end of dip but I have another idea showing a possible dip to $57k zone but no confirmation yet. BTC same pattern but with different volume. BTC not ready to fall deep. Added a selling Zone for myself. I will reevaluate BTC once it reaches SELL...
Current BTCUSDT trading strategy: In the short term, we observe that BTCUSDT is continuing its weakening trend. The resistance at $63,000 is playing a crucial role in maintaining this downtrend. From a technical perspective, the 34 and 89 EMAs are favoring sellers and there are no signs of a notable price reversal. Based on this analysis, we continue to...
Hello everyone, what do you think? Should we buy or sell BTCUSDT today? Currently, BTCUSDT continues to be stuck in a downward trend, showing little fluctuation and maintaining the same trading levels as at this time yesterday. The downward momentum remains dominant, and the outlook continues to look bearish with a breakthrough below the support level along with...
Hello dear friends, today the EURUSD continues its decline, following the trend of recent days, with the trading price hovering around 1.062 and losing 0.15% so far today as of this writing. The downtrend persists as hawkish comments from Federal Reserve officials provide some support for the US Dollar, acting as a barrier to any recovery in the EURUSD. According...
Gold regained bullish traction and broke above the $2,400 mark, showing some short-term consolidation for now. Technical indicators retreated from extreme overbought levels, suggesting that some decline may be imminent in the short term. However, the possibility of a slide higher is yet to come, as XAU/USD refuses to give up while developing its moving averages on...
Gold couldn't break through the resistance at 2390 yesterday and experienced a price drop down to 2360. Today, gold is moving back towards the 2390 resistance; if it fails to break through, we can expect further price decline to 2340. Otherwise, if the resistance is broken, we anticipate touching prices between 2403 - 2415. Resistance Range: 2395 - 2400 Support...
Hey Everyone, Great finish to he week completing our last target at 2408 after lock confirmation for the range. We started the week with 2355 bullish target hit followed with the ema5 lock above 2355 opening 2382 and 2408. We had the 2382 level hit early this week followed with lots of dips giving plenty of action to get in from every dip, knowing we still...
(April 19) Gold rose nearly 40 US dollars at the opening, refreshing its recent high of 2,417 US dollars, mainly due to the sound of explosions in Iran and other countries. A U.S. official later confirmed to the media that an Israeli missile hit a target in Iran. This quickly heated up market concerns about the geopolitical situation, providing upward momentum for...
Hello friends! As James mentioned in the previous analysis EURUSD is currently in a recovery phase with the market correcting and capturing liquidity receiving support at 1.0660. However, overcoming the 1.0750 resistance level remains the challenge and target. On the news impact: EUR/USD continues to ease around 1.0640 after retreating from Friday's weekly peak...
New thread April 510-505 I would personally buy calls all the way down to 505 10 days out for a bounce 514 Taking profit 512-514 Then I would get bk into shorts all the way down 505 or lower as low as 495 this upcoming week weekly range keeping us in a corrective phase no higher 516 as low as 495 WILL UPDATE SUNDAY NIGHT
Dear Colleagues, at the moment the price has made a strong downward movement. I suppose that the price is in wave "4" and can continue its movement to the support area of 80.22, but I consider only long positions, because the price can make a reversal at once. I recommend to work with pending orders. The nearest target is the resistance area at 87.47. Manage...
Bitcoin crashed significantly, as I warned you in one of my previous analyses: What now? Is the crash over? I don't think so! The halving event is in a few days, and huge volatility is expected. The problem is that below the current price, we have a double bottom pattern, and there is a lot of liquidity that whales need for their huge buy orders. It's really...