Gold Market Update: Hello everyone! Yesterday, the gold market experienced a remarkable recovery. At the start of the session, gold traded steadily, but as the session progressed, it surged dramatically, recovering over 280 pips. By the end of the trading day, gold closed at $2,332 USD, marking a 1.24% increase. Despite the US Dollar Index remaining at elevated...
Dear traders! On almost every timeframe, gold is remaining positive above a stable parallel trend channel supported by the $2300 mark. But, in general, from the price resistance at 2335 USD, the upward momentum seems weak and there is a possibility that gold will retreat to 2325-2320 with the aim of retesting the 34.89 EMA level to accumulate before strengthening...
Hello everyone, it's Rena here! Today, let's analyze and predict the trend for the XAU/USD. Currently, the international gold price is trading around $2,330 USD/ounce, slightly higher than the previous session. Investors are keenly awaiting the latest U.S. inflation report. If the inflation data exceeds expectations, it could bolster the demand for gold as a...
Hello, favorite transactionists BTCUSDT. Today we continue to see BTCUSDT discounted, true to what I mentioned yesterday. The price is currently moving around $ 66,200. Accordingly, in short to medium term, the discount momentum is still intact, the Sell strategy continues to be targeted when considering the technical factors on the chart we can easily see: -...
Hello dear friends, let's explore the gold price after yesterday's big fluctuations! About developments and news results: Gold prices experienced significant volatility on Friday, maintaining stability above the $2,300 mark and reaching $2,332, highlighting gains of 320 pips. This happened as US Treasury yields fell, benefiting the precious metals market. ...
Hello traders! Gold has just wrapped up its latest trading session, closing with a significant rebound. The metal surged nearly $30, reaching a level of $2,332 USD. Outlook: In terms of future prospects, the short to medium-term outlook for gold looks promising. The immediate target is set at $2,360 USD for the coming week, with potential to climb higher...
The USD/JPY exchange rate has been steadily increasing, surpassing the 157.00 level. This follows positive economic data from the US regarding inflation and employment, which has bolstered confidence in the USD. Technical analysis indicates that the USD/JPY rate has successfully broken through a significant resistance level at 157.00 and is currently trending...
Dear traders! Overall, after Wednesday's surge, EUR/USD retreated and recorded large losses on Thursday. The pair came under pressure on Friday and traded at its lowest since early May, slightly below 1.0700. At the time of writing, the price is stable at 1.0702. The overall outlook from the market remains bearish as the pair continues to trade in a tightening...
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...
By analyzing the #gold chart on the 2-hour timeframe, we observe that after the PPI news was announced yesterday, gold initially experienced a price surge. It climbed to $2327 before encountering selling pressure, leading to a correction of over 320 pips down to $2295. As previously mentioned, the $2295 to $2303 range was a significant demand zone, and the price...
The world gold price has generally increased by 1.34% over the past 24 hours, equivalent to an increase of $30.85 per ounce. It closed the recent trading session at around $1,900 per ounce. This fluctuation partly reflects investor sentiment and overall market factors. Investors remain concerned about the global economic situation, particularly inflation trends...
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...
Today's market action in BTCUSD has us wondering: should we be buyers or sellers? Let's dive into the current scenario: Bearish Control Continues: On the charts, the bears have a firm grip on BTCUSD, with the price hovering near the $67,000 level. The recent slide below the 34-day and 89-day EMAs indicates that selling pressure remains dominant. Strategic...
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...
My dear friends, Please, find my technical outlook for NZDCHF below: The instrument tests an important psychological level 0.5459 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.5514 Recommended Stop Loss - 0.5427 About Used...
Hello,Friends! Previous week’s red candle means that for us the EUR/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.762. ✅LIKE AND COMMENT MY IDEAS✅
By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that after a significant drop, the price finally entered the demand zone between 1.067 and 1.069. Following the accumulation of liquidity below 1.06740, there was a surge in demand, and the pair is currently trading around 1.06980. The substantial decline in EUR/USD has created numerous...
Hi folks today I'm prepared for you Gold analytics. Some time ago price reached a resistance level, which coincided with the resistance zone and soon broke it, after which made little correction movement and then continued to grow to the trend line. When the price reached this line, it turned around and started to decline inside the downward channel, where Gold in...