Upon reviewing the gold chart on a weekly timeframe, we observe that after closing at $2393 last week, the price began a steep decline and even corrected to $2295! After constructing bullish candles for five consecutive weeks, this week we are witnessing the formation of a bearish candle, and it remains to be seen how far this decline will continue. If the price...
Hello dear friends! Today, gold is on the rise again, well-protected as the bulls successfully maintain prices above the $2300 support level. Gold has climbed nearly 150 pips from the same time yesterday and is currently hovering around the $2335 mark, near the EMA 34 and 89 lines. The short-term trendline continues to favor buyers. As long as the $2300 support...
Hello traders! OANDA:XAUUSD The bulls seem to be holding firm in the market, with an ascending triangle forming. The uptrend could continue with a break of $2,330. As I mentioned: An ascending triangle is forming, price is compressed at $2330, however price is quickly breaking out towards a likely target where bears are holding $2335 - $2340, In the current...
Hello everyone, what are you thinking about BTCUSDT? Today BTCUSDT continues to trade stably around $ 64,400 and there is not much change in price compared to yesterday. Accordingly, this coin is still in the trend that is beneficial for the seller when it has not been able to overcome the $ 64,500 resistance as well as the EMA 34, 89 still producing discount...
Hello everyone, what are your thoughts on the current situation with EURUSD? This currency pair is currently trading steadily above 1.070, and the recovery has continued until Friday, making last week completely favorable for buyers. From the daily chart, the price has reached the 0.618 Fibonacci retracement level, which is a sensitive price point at this time....
I analyzed a lot of fractals and came to the conclusion that you see on the chart now, that the next month - May as well as April will be red for bitcoin, and only after that growth is possible. Be objective bitcoin has been growing for 7 months, now the first month will be red, and most likely the next month will also be red. It may be hard for altcoins, but...
Today, BTCUSDT continues its recovery from last week's tumultuous conditions. The price has been moving steadily within a trading channel and showed a notable bounce after touching the lower boundary. The immediate goal appears to be a continued recovery, with buying strategies being emphasized as BTCUSDT aims for the upper limit of the parallel channel,...
Hello everyone, gold continued its recovery during the last trading session on Friday, with the metal trading around $2340 USD and marking a 0.3% recovery for the day. This resurgence was driven by last night's downturn in the USD, which provided momentum for a recovery in XAUUSD. In the short term, this metal continues to receive support from investors as it...
Hello dear traders! Overall, BTCUSDT continues to stabilize below the $65,000 resistance level without too much movement compared to yesterday's trading session. At the same time, a cup-with-handle pattern is gradually forming on the 1-hour chart, indicates that a short-term correction is imminent, expanding the reach of short-selling investors into this...
BTCUSD Trading Strategy: BTCUSD risks are still tilted to the downside. A Descending Price Channel started to appear on D1, which usually determines our short-term outlook. It seems advisable for investors to consider strategies of selling for profits rather than buying at this time, until the designated support level is reached. From the D1 chart, BTCUSD is...
Hello everyone, let's discuss and strategize our new day! As James mentioned in the previous analysis, the price has rebounded but remains limited below the 1.0727 resistance level with the bullish bias amid a weaker looking US dollar. However, overcoming the 1.0730 resistance clearly remains the challenge and the target. On impact news: Looking ahead,...
As I promised in the previous post, I am doing a more detailed analysis and positive variant and completion of the correction. Having selected a lot of fractals, about 20% of the low after the previous high made a deep correction (more than 50%) and these movements were impulsive with a quick return. In our case it will be a break of the channel support line and...
OANDA:XAUUSD ANALYSIS - Now that the risk of a broader conflict in the Middle East has subsided, gold attempts bulls look to a softer dollar to prop up prices - Gold (XAU/USD) attempts to lift off of support at $2320 OANDA:XAUUSD BULLS LOOKS FOR INSPIRATION IN THE DOLLAR AFTER TENSIONS SUBSIDE Implied gold volatility (GVZ) has experienced a notable drop...
Gold at the historical past of greenback correction is strengthening to the resistance of the bearish channel, which became shaped at the historical past of sell-offs. Ahead of robust information, at the historical past of which the charge may also attain the liquidity area earlier than similarly decline. On the excessive timeframe, a fake breakdown of guide is...
After the release of the US GDP figures for the first quarter of 2024, the gold market experienced a strong price surge, surpassing the $2,330 threshold, paving the way for recovery. Currently, the price of gold is stable around $2,335, with short-term forecasts still optimistic towards buying pressure. Prospects are aimed at the psychological milestone of...
Hi everybody! Breakout from the price increase channel has caused the product to drop in price impressively. It is currently trading at $143.63 and appears to be outpacing the bears entering the market as it not only successfully defended the breakout resistance but also sent the price plummeting 1.06% year to date. in. Overall, the bullish structure is under...
Updating my analysis with some additions of some key levels to watch for as price makes it's way higher. I do think NASDAQ:NVDA is going to become more volatile over the coming few weeks as it works it's way to the top resistance levels. Even though price seems to be forming a H&S top, I'm not sure that we break down here. I think the most likely scenario is...
Hello everyone, what are your thoughts on the recent movements of USDJPY? Currently, the USD/JPY pair is experiencing a significant uptrend due to the substantial interest rate differential between the United States and Japan. With the Federal Reserve (Fed) setting the Federal Funds Rate at 5.25% - 5.50% and the Bank of Japan (BoJ) keeping its interest rates...