THE KOG REPORT: In last week’s KOG Report, we said if support held after the open we felt we would get a push to the upside into the order region and if the market held the region we felt an opportunity to short the market was available. That short trade worked well and after partials were taken it was protected. During the week we suggested traders trade...
Hello traders ,what do you think about GOLD? On Friday, gold entered the correction by reaching the resistance zone of 2380. The correction is expected to continue until the specified zone and then grow to the specified levels. CPI data this week can be the driving force for gold If this post was useful to you, do not forget to like and comment.❤️
As We Talked in The Previous Analysis: The Price Has Pulled Back to The Resistance Line. Currently, The Market Created a New Higher Low. So, Let's Expect The Bearish Scenario: if The Price Breaks The Higher Low and Closes Below That, We Will See a Bearish Move📉 _________ TARGET 1: 1.06670🎯 TARGET 2: 1.05755🎯
Hello dear traders! Overall, XAUUSD experienced impressive volatility yesterday with gains surpassing the $2350 level and reaching $2360. However, not long ago the price approached $2,380 after which it encountered selling pressure and corrected. But! At the same time a round bottom pattern that looks similar to a cup and handle pattern is gradually forming,...
Please, check our technical outlook for NAS100USD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 18154.0. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 18409.4 level. P.S Overbought describes a...
EURUSD is currently stuck between 2 important daily structures. Depending on the market movement next week, I see 2 potential scenarios. Bullish If the market breaks and closes above a resistance line of a huge falling wedge pattern on a daily, a bullish continuation will be anticipated at least to 1.083 level then. Bearish If the price violates 1.0724...
Here is our detailed technical review for AUDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.659. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.648 level. P.S Please,...
1W - the weekly timeframe is in a short context. It would be desirable to see liquidity withdrawal around 1.088 to confirm the short order flow. Also, if the price closes above 1.088, the context will change to long. However, the main target remains at 1.045.
Greetings Traders! Join me in today's video as we dive deep into the GBPUSD analysis, exploring what to expect in today's trading session. This analysis holds significance as it sets the tone for next week's trading as well. We've reached a critical juncture on the GBPUSD chart, so it's essential to understand what lies ahead. Stay tuned for valuable insights,...
At the close of trading on May 10th, the spot gold price rose by $15 USD to reach $2,360 USD. At one point during the session, the price reached $2,375 USD. For the entire week, the precious metal saw a 2.5% increase, marking its strongest weekly gain since early April. Gold surged after the May 9th report indicated weakening conditions in the US labor market,...
Scarce U.S. economic data will keep investors focused on Federal Reserve officials in the week following last Friday's U.S. jobs report. Gold prices are trading around 2,312USD/oz after reaching a daily high yesterday of 2,321USD/oz. The story in financial markets focuses on when the Federal Reserve will begin easing policy after releasing weak economic...
Gold prices surged to a three-week high of $2,375 an ounce on Friday due to weak U.S. economic data. The University of Michigan's preliminary May consumer confidence index fell to 67.4, lower than expectations. Additionally, there was an unexpected increase in initial jobless claims, reaching the highest level since last August. Investors are now awaiting next...
EURUSD experienced a slight decline as it closed the week's trading session at a price above 1.076. However, overall, this currency pair has been undergoing a recovery trend for several days. The main resistance level for EUR/USD will appear in the range of 1.0790 – 1.0800, delineated by the EMA 34, 89 lines, and the upper boundary of the descending trend...
Hello dear traders! That's the end of another trading week! Let's discuss and strategize today. Now, the sudden rise in the Greenback has allowed selling pressure in the risk complex to resurface, dragging EUR/USD to daily lows near 1.0760. From the technical analysis chart: EMA 34.89 continues to support the technical uptrend of this pair. However, in the short...
As We Talked in The Previous Analysis: The Price Broke The Support Level (1.07431 - 1.06950) . On Friday 3 May, The Price Has Pulled Back to The Resistance Line. So, Let's Expect The Bearish Scenario : if The Price Breaks The Support Line and Closes Below That, We Will See a Bearish Move📉 _________ TARGET 1: 1.06670🎯 TARGET 2: 1.05755🎯
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About RLC (Update) On The 1D Timeframe⏳ The Symmetrical Triangle Has Confirmed Breakout☑️ Expecting Massive Bullish Wave Towards 100% In Coming Days✈️
Dear Traders, DXY strong bull run continue to dominate all the USD pairs, and it will likely to dominate the market in future. Because recent significant economic data came out in favour of DXY with great margin. We personally also think that price is likely to rebound strongly from our entry zone. Price had accumulated for weeks in a pennant channel and broke...
EUR/GBP Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.