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...
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: -...
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...
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...
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...
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...
Gold prices today continue to face downward pressure, currently trading around $2314 , losing 0.45% for the day with a drop of over 100 pips during the early Asian trading session. Despite a strong rally last night that pushed gold close to $2350, the precious metal couldn't maintain its recovery. This was despite the U.S. Dollar weakening after the U.S....
Hello everyone! What do you think, where will gold close today? In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300. Looking at the 1-hour chart,...
1. Gold’s Performance on Thursday Gold (XAU/USD) ended Thursday in the red after four days of gains. Despite this drop, it stayed strong just below the $2300 mark and remained stable above it during the Asian trading session on Frid 2. Impact of the Federal Reserve Significant price increases for gold seem unlikely at the moment. The Federal Reserve’s...
Hello traders! 👋 As we approach the end of the trading week, EURUSD remains in the red on this Friday, currently hovering around the 1.071 mark. The outlook remains bearish as the pair continues to trade within a tightening wedge pattern, and both the EMA 34 and EMA 89 are favoring the sellers. Key Observations: Current Level: EURUSD is trading near 1.071,...
#UNI/USDT #Analysis Description --------------------------------------------------------------- + UNI's price is currently moving towards the resistance level around $14-$16. + If this resistance is broken, the price could head towards the next resistance around $30. + The subsequent resistance level is around $45, which is UNI's previous all-time high...
Hello traders! 👋 GBP/USD has been trading with a negative bias for the second day in a row this Friday, although it is managing to stay just above the previous day's low. Market Snapshot: Current Range: The pair is moving sideways, oscillating around the 1.2700 level. Weekly Outlook: Despite the recent bearish trend, GBP/USD seems poised to register a modest...
Hello everyone. Today, we’re looking at the USD/JPY pair, which is trading around the 157.50 level. The US Dollar is currently gaining an advantage over the Japanese Yen following the Bank of Japan's decision to maintain its existing policy settings. Short-term chart analysis indicates a bullish trend as this currency pair consolidates within an ascending channel...
What are your thoughts on GBPUSD today? Looking at the chart, GBPUSD is currently moving along the trendline. Despite yesterday’s significant drop, the outlook still favors the bulls as long as the trendline remains intact. However, keep an eye on the trendline's limits. If the price breaks through, it could provide a good entry point for trades. Happy trading,...
Hello everyone, Brian here! 👋 Today, gold continues to move within its descending channel, and my focus remains on selling opportunities: Friday Market Update: As we head into the weekend, gold maintains its downward trend. The liquidity range for SELL positions is currently between $2316 and $2320. Key Levels to Watch: Upper Breakout Level: $2325 Lower...
Gold Market Recap Price Movement: Current Status: Gold dropped back to $2310-$2315 after briefly rising. Reason: Fed’s signal of only one rate cut in 2024 due to high inflation led to this pullback. Key Economic Data: CPI Data: May CPI was flat, and core CPI rose 0.2%, both below expectations. Dollar Impact: The USD Index fell by 0.6% after the Fed's...
Hey friends, What do you think about gold's current movement? Yesterday, after the CPI news was released, gold surged strongly to $2340. However, this rally was short-lived, and prices have since returned to the $2313 level. From a technical standpoint, we can observe that gold had previously experienced a significant drop. The recent upward movement over the...
Today, gold has slipped slightly by $10, currently trading around $2315. This comes as the U.S. Dollar tumbled following the release of much-anticipated U.S. economic data. The short-term downtrend in gold remains in play. Technical Analysis: Trendline Break: From a technical standpoint, gold has broken through its trendline, signaling continued bearish...