Gold price is facing a modest selling pressure of nearly $ 2,355 in the Asian session on Tuesday, suspending the solid recovery was held one day ago. Gold price is eagerly waiting for US employment data this week, starting with Jolts job opportunities later on Tuesday, to have a new motivation, expected to increase.
Gold prices (XAU/USD) faced renewed selling pressure on Tuesday, dropping to the $2,316-2,315 region, nearing the multi-week low hit the previous day due to modest strength in the US Dollar (USD). However, the USD's recovery from its lowest point in over two months lacked momentum, as more investors began to accept that the Federal Reserve (Fed) is likely to...
Please, check our technical outlook for EURUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.086. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.093 level. P.S We determine oversold/overbought...
Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 103.851. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.925 level soon. P.S Please, note that an...
The US Dollar (USD) traded defensively at the start of the week, providing a boost to risk-related assets and encouraging EUR/USD to continue its ongoing recovery, approaching the key barrier of 1.0900. The pair has risen for the third consecutive day due to the weakening USD and a notable decline in US yields across the board. Looking ahead, an initial recovery...
BTCUSD Trading Strategy: In the short term, on the 1-hour chart, BTCUSD is showing bullish momentum. I anticipate we will set up buy positions around the support levels of $68,800 - $68,200. The 34 and 89 EMAs continue to support buyers in the technical picture. Let's wait and be ready for our setup, and don't forget to set your take profit (TP) and stop loss (SL)!
EUR/USD has surged to its highest level since March following a slight decline in the USD. The disappointing ISM PMI report from the U.S. on Monday reaffirmed bets on a Fed rate cut, weakening the dollar and boosting EUR/USD. From a technical perspective, the pair has risen above the resistance level of 1.089, and a bullish outlook is expected at this time....
/USD is finding it difficult to sustain its move to nearly a three-month high established earlier this week. Fed rate cut bets keep the USD's upward trend in check, offering some support to the pair. The technical setup confirms a positive outlook and supports the potential for higher gains, as the trendline remains robust!
#ZCX #Analysis Description --------------------------------------------------------------- + Price is heading towards the strong support zone, this support held for long time + Expecting the price to bounce back after hitting this support zone + You can enter the position now, or when it hits the support. + SL is below the support...
$BINANCE:1000PEPE (1D CHART) Technical Analysis Update PEPE is currently trading at $0.0081162 and showing overall bullish sentiment after the breakout, if this breakout hold then we have good chance a price pumping. If this is a fakeout then the price can break the support zone and fall more. Overall we are looking at solid breakout with potential a for a good...
$BINANCE:TNSR (4H CHART) Technical Analysis Update TNSR is currently trading at $1.0239 and showing overall bullish sentiment Price is currently holding strong above the 100 and 200 EMA line Chat patterns is also showing bullish sentiment with strong triangle breakout and re-tracement is looking good. Entry level: $1.0239 Stop Loss Level: $0.7725 TakeProfit 1:...
Here is our detailed technical review for AUDCAD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.905. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.908 level. P.S We determine...
Please, check our technical outlook for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2,317.874. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,341.697 level. P.S The term oversold refers to a...
Hello,Friends! We are now examining the USD/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.904 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! GOLD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 2356.045 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the GOLD pair. ✅LIKE AND COMMENT MY IDEAS✅
BTCUSDT has executed a breakout on the 4-hour chart, breaking above the trendline. The current price is at $69,114, and the bullish outlook is promising as BTCUSDT is moving with a retest in line with price action behavior and Dow theory. Additionally, the 34 and 89 EMAs continue to provide positive signals for the Bulls, suggesting that the technical outlook...
Greetings, savvy gold investors! Today, let's dive into the volatile gold market, uncover hidden trends, and provide sound forecasts for those holding the precious metal. Gold Prices Edge Higher: As trading commenced, gold prices hovered around the $2,350/ounce mark, reflecting investor caution amidst mixed economic signals. ISM's US services PMI data for...
Hello investors and those interested in the gold market. Today, let's take a look at the recent trends in the global gold price together. In the context of global fluctuations due to the impact of the pandemic and economic factors, the price of gold continues to be one of the key indicators of concern. The world gold price today generally decreased by -0.30%...