In the future, it is likely to face further declines if the XAUUSD price fails to stay above $1770. My charts show that the bears have an overwhelming advantage. Given gold's sensitivity to inflation expectations and Fed rate hike bets, the US November non-farm payrolls report due later this week could provide the next directional cue for prices.
The "gold" that...
Time Frame: 4H
Symbol: GBPUSD
Bias: Short
For GBPUSD we can place a pending short order. There is no clear edge but with some price adjustments, a short entry can be triggered and gain some pips. Good Luck!
Gold broke down as the Fed looks set to tackle high inflation
Gold prices fell in the aftermath of Federal Reserve Chairman Jerome Powell testimony before the Senate Banking Committee. In his remarks, he dropped the reference to ‘transitory’ inflationary.
Mr Powell said that the economy is strong and inflationary pressures are high. He looked at the next Fed...
Analysis on #GBPAUD
Watching GBPAUD when and if it will come to test my resistance structure level then i will drop a one-time frame to look for a sell entry as I believe the market will turn bearish from this zone as it did before
Like and comment will be hugely appreciated, thank you so much for your support.
Check today analysis below⠀
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Analysis on #GBPJPY
The market may soon test my strong support zone where the market previously shows bullish behavior and moved to the upside, also where a bullish harmonic ABCD pattern may complete soon
If the market comes and tests my support zone I will then drop a one-time frame look for a buy reason to get in a buy trade with a good risk to...
Volatility is bubbling up in foreign exchange markets, as bets on how aggressively central banks will tighten monetary policy in the face of surging inflation boost the dollar and exacerbate swings in global currencies.
Fed funds futures, which reflect investors’ monetary policy expectations, on Wednesday had factored in a 100% chance that the Fed will raise...
ETHUSD price has not touched what I consider to be support levels of $3600-3700 once, so I don't think ETHUSD price is already in a downtrend, as of now the price has risen back above $4300, but the market may not be ready to break higher again. According to exchange flows, traders are not in a hurry to sell all assets. For now, the main selling pressure is coming...
In the recent trend, ETHUSD price tested the $3900 support level twice and bounced back into the red zone again. The price climbed to $4300 and may continue to rise towards the set target of $4500-4700 range.
In the short term, the price is confined to the $3900-4300 range and my team believes that the trading strategy will be to enter trades based on the upper...
At the end of last week, Fed funds futures were discounting an 81% chance of a 25-bps rate hike by June 2022; those odds have now risen to 97%.
The prospect of faster tapering and a rate hike sooner than otherwise expected is proving to be beneficial for the US Dollar – but hazardous for both US equity markets and gold prices. Breadth has been poor in US stock...
Gold is not going to collapse, the real world needs it because it is backed and endorsed by governments, nothing more. Creating a human consensus that has been in place for thousands of years, but the future of the meta-universe is going to be even bigger, and the virtual world needs digital currency.
Analysis on #EURNZD
I am watching the market and I think the market will soon enter my strong resistance supply zone where the market may turn bearish and make a move to the downside.
if the market moves to my supply zone I will then drop a one-time frame looking for one of my reversal patterns to get in a sell trade with a good risk to reward.
like and...
Analysis on #AUDUSD
The market may soon come to test the strong daily demand zone and strong number 0.7100 where buyers showed a big interest in buying up the Aussie.
I am currently watching market reaction inside the support zone on the daily time frame before dropping a onetime frame to look for a reversal pattern to get in a high reward low-risk trade
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Analysis on #EURUSD
Following up on my last analysis I posted last week on EURUSD, where I expected the market to act favorably bullish when it hit the weekly support line.
Now I am waiting for a valid reason that meets my rules for entry to get in a buy trade entry on the lower time frame
like and comment will be hugely appreciated, thank you so much for...
Etsy lost its intraday high on Friday and closed near lows. But it’s still above all the moving average. 5 day, 20 and 50. It has strong high uptrend with strong RSI at 64. BUY THE DIP and let it try to break All time high again. Most likely it won’t break ATH and create a double top situation and will fall after that.
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Analysis of #USDCAD
Watching the USDCAD if it will enter my structure resistance zone to look for a selling opportunity.
if the market comes and enters my zone I will then look for the market to turn bearish before getting in a sell...
BINANCE:AVAUSDT Analysis ( A B C ).
( A ) Starting point movement .
( B ) Entry point.
( C ) Target.
Target 1: 5.5
Target 2: 7.2
Target 3: 8.7
Target 4: 10.2
Target 5: 12.5
