Lynn would like to say hello to all of you! Thus, in general, gold has not changed too much compared to yesterday, mainly fluctuating above 2,300 USD. The market in general is still waiting in the absence of relevant macroeconomic data. Speculative concerns try to get clues from the words of Federal Reserve (Fed) officials, but so far, no one has provided new...
Hello all dear traders! Overall, is XAUUSD about to explode again after the previous profit taking of 2400 USD? From a technical analysis perspective a pattern has formed that allows XAUUSD to increase further in the future. - Main support key: 2300 USD, 2276 USD - Main Resistance Keys: 2328 USD, 2255 USD, 2300 USD, 2380 USD, 2400 USD. - Stop loss 2228...
Hello all dear traders! Let's discuss and plan our short-term strategy today! Overall, BTCUSD experienced significant volatility over the past day with the price falling past the $63,000 mark. It is currently trading at $62,627, marking a 0.49% increase on the day, since hitting $62,179. But! At the same time a pattern has formed which we often call a triple top...
Liquidity is slowing off Etherum toward Bitcoin as show on the ETH/BTC pair structure at lower timeframe is respecting the 50% fib level and also trending downward inside the channel , as it repeats is similar pattern!! Thank you for watching Follow me for more crypto analysis
Hey Everyone, Once again our plans to buy dips played out perfectly with levels being respected!! Not much change to the chart dynamic today, as we see price playing between 2305 Goldturn support and 2321 Goldturn resistance. Our support levels are giving us the bounces needed inline with our plans to buy dips knowing we have gaps open above and the size of...
Hello all dear traders! Gold has repeatedly tried to recover, the goal being to retest the circular resistance level of 2,400 USD, but previous recovery efforts have been hindered by many factors, including hawkish comments from Federal Reserve (Fed) officials may dampen hopes for a possible interest rate cut in 2024. This directly negatively affects XAUU and...
Hello all smart and rich traders! EURUSD continues to move sideways amid correction below the 1.075 breakout zone, price movements seem unchanged from yesterday's trading session, mainly hovering around 1.0747. Recent data shows the US Dollar strengthening amid expectations the Federal Reserve will maintain higher interest rates. Additionally, higher US...
Analysis: Factors Driving Gold Prices Up Here is why we think it will go up (FUNDAMENTAL ANALYSIS) Weak NFP Report and Potential Fed Rate Cuts: The recent Non-Farm Payrolls (NFP) report came in weaker than expected, signaling sluggish job growth in the United States. This unexpected weakness has raised speculation that the Federal Reserve may consider...
Hello all smart and wealthy traders! On general market impact news: EUR/USD remains under modest downside pressure and trades slightly below 1.0750 during the European session on Wednesday. Hawkish comments from Fed officials kept the US Dollar resilient and did not allow the pair to recover. EUR/USD trades near 1.0750, where the Fibonacci 38.2% retracement...
Judging from the daily chart, the price has fallen below the 50-day moving average, and the 10-day moving average and the 20-day moving average have formed a cross, indicating that short selling will continue in the short term. Bitcoin is in a short-term downward trend after falling below the important resistance level of 63,000 yesterday. Today the price...
This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
Hello friends! GBP/USD came under heavy downward pressure and lost nearly 0.5% on Tuesday. The pair continued to fall lower early Wednesday and was last seen trading below the 1.2500 level. The US Dollar (USD) benefited from a cautious market sentiment on Tuesday and put pressure on GBP/USD. Additionally, hawkish comments from Minneapolis Federal Reserve...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
Hello dear Traders . In the gold chart, we can see that the price managed to hit both of the next targets, namely $2,308 and $2,303, resulting in a 200-pips yield for us! Now, the price is near a demand zone ($2,291 to $2,303), and I assume that with the price entering this range, we will witness an increase in demand that could drive the price to higher targets...
Bear flag showing here on spy and a few other indexes/ sector. This bear flag would be consider a handle for a inverted cup and handle. Smaller time frame looks like this spy And heres NQ We are headed back to bear flag support around 500.. from there we could either finish one more bounce higher 511-514 before finishing the leg down to 480 The bear...
Hello all dear traders! Today, gold price touched 2310 USD, continuing to recover in the corrective trend and increased 0.09% during the day. Uncertainty amid rising US bond yields and a strong US dollar kept gold unchanged from yesterday's session. From the 4-hour chart, technically gold is completing a Falling Wedge pattern. In such a scenario, I would...
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
🏃♂️ Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($61,800-$60,900) 🟡 and 100_SMA(Daily) and Support lines . 🌊According to Elliott's wave theory , Bitcoin is completing corrective waves , most likely a Zigzag(ABC) corrective wave structure. 💡We can consider corrective waves in the form of a pullback to the upper line of the descending...