Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two levels 2365 and 2346. We have a open gap above at 2365, 2379 Goldturn and below at 2346. We will need to see ema5 lock above 2379 to further open the range above or a rejection will follow to find support at the retracement range. A cross...
Intro - This is Binary Forecasting Service's CONTINUOUS GOLD FORECAST featuring 16 to 20 hours a day around-the-clock coverage of FX_IDC: XAUUSD ticker, with two of top three outcomes highly detailed in proprietary trend maps from Sunday open through all of Tuesday. This data must be used with continuous updates to remain relevant until it is replaced. Using...
Has been a long time since we've done a crypto fiesta! Time for a new one 🔥 Short-term view: Bears have the overhand since the second week of April. A lot of volatility both ways, but the bulls are failing to push back to 70k Long-term: trend is still bullish. We can correct more, but still expecting a new all-time high over the next months. A move below 50k...
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...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2389 resistance and 2357 support. We will need to see either weighted level break and lock to confirm the next range. We will need to see ema5 lock above 2389 to further open the range above or a rejection will follow to...
Hey Everyone, As stated last week we completed all our Bullish targets after breaking out of the ascending channel and stated that we also need to keep in mind the detachment below highlighted in circle. This may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel will see the swing...
GOLD MARKET INSIGHTS: Amid escalating tensions in the Middle East, gold prices have soared to nearly $2,360, bolstering the allure of this precious metal. This week, all eyes are on the U.S. economic indicators: the Consumer Price Index (CPI), Producer Price Index (PPI), and Retail Sales. These figures are poised to reveal pivotal trends in the economy and...
Hey Everyone, Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea. Previously we saw the anticipated retracement take place into the channel half line where we expected a bounce. - This played out perfectly with the full half line test complete followed with the bounce up, as no lock...
Donald Nguyen welcomes everyone! Let's summarize and strategize our new day! Gold price today touched 2356 USD and decreased 0.18% during the day. On impact news: Last week, the yellow metal posted modest gains as expectations that the US Federal Reserve (Fed) would loosen policy this year increased following weak economic data. . It is expected that this week...
Hello dear friends, let's explore the trends in gold prices for the upcoming week! Currently, gold is undergoing a correction phase after a strong price increase over the last weekend, with the metal trading around $2,358 in the early trading hours of Monday and experiencing a slight decline of 0.11% on the day. This adjustment is unfolding as anticipated within...
Last Friday, the price fell to around 61,700 and then rebounded upward. The highest point was near 61,450. Then it fell to around 60,600 and rebounded upward, and broke through 61,000 again. Generally speaking, the current market is volatile and has no obvious direction. We can focus on the 61450 resistance level and the 60600 support level. Trading strategy 1:...
FX:XAUUSD is testing 2378. For two weeks traders fought for the 2300 area and the bulls won. Favorable fundamental background and technical prerequisites played into our hands. Earlier we discussed with you the formation of the correction and the formation of the bullish pattern "descending wedge". The breakout of the resistance of the wedge confirmed the end...
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...
BTCUSDT UPDATE: BTCUSDT continues its downward slide from last week, currently hovering around the $60,000 mark within a well-established descending channel. There are no clear signs of a breakout yet, indicating a stable yet bearish trend. It is advisable to prioritize selling for today. Keep an eye on the price as it approaches either the upper or lower limits...
BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that...
Hello dear traders! Currently, EUR/USD trades lighter at around 1.0770 during Asian trading hours on Monday and is up 0.03% on the day. While a test of the key resistance zone around 1,080 remains elusive. Meanwhile, spot is expected to maintain cautious trading ahead of the key release of May's Michigan Consumer Sentiment and the Fed's speeches by Bowman, Barr...
Bitcoin has found overall support just off the 56K level (on my chart) and has rallied back to the 64K resistance only to retest the 60K level (see illustration on chart). This is the scenario I described in my previous article and price is now in an ideal location for a swing trade long on this time frame. Interestingly enough, my Trade Scanner Pro system...
Pair Name : GBP/USD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Best Buy and sell area's ) Type : Mid Term...