gold we see 1952 buyers volatility initial bouncing relative shift we see big shift in dynamic relative shift more aggressive accumulate volatility great number of price volume in delta . price reach 1974 ,1971 trade location volatility initial bounce high low below 1962.
Chipmaker NVIDIA maintained a strong run, reaching an all-time high of $413.95, while supporting the Nasdaq 100 climbing 56 pips to 14,354. Meanwhile, the S&P 500 closed flat at 4,205, and the Dow Jones Industrial Average slipped 50 points to 33,042. AUD/USD slipped 5 pips to 0.6517. The Australian year-on-year inflation increased by 6.8%, higher than Mitrade's...
We’re looking at the weekly chart. We can see palladium’s price has fallen since 2021 from $3,000 down to today at $1,424. Then in 2022, palladium shot up to above $3,400, this has formed what’s known as a Descending Triangle. This is where the price makes lower highs and bounces on the same floor level. Now that the price has broken below the triangle, this...
Despite the recent SpaceX rocket explosion, the space race is still in full swing with much private capital flowing into civilian space travel and satellites. Virgin Galactic has already claimed commercial space travel services will be ready in June. Astranis just launched its first satellite to provide internet access to remote regions. As the US and UK markets...
US President Biden has announced Republican congressional leaders have agreed to raise the debt ceiling, though Congress has not passed it yet. Meanwhile, US quarter-on-quarter GDP rose by 1.3%, higher than Mitrade's estimate of 1.1%. USD/CAD closed higher at 1.3611, and USD/JPY climbed to 140.60. EUR/USD declined to 1.0719, with German quarter-on-quarter GDP...
as we see gold this week trades are facilitating VL, reject from 1965,1958, we see price is fading way below absorption buyers lifting the price higher below 1940 , after buyers are initiative push the price higher after reject from 1957 create new key levels, a zone price all the way to trade location 1944 know buyers are pushing higher creating new order flow.
Although the latest Federal Reserve meeting minutes highlighted US economic resilience in banking, industrial production, and employment, Mitrade expects quarter-on-quarter growth for its GDP will fall from 2.6% to 1.1%. As the German GDP quarter-on-quarter is expected to recover from -0.4% to -0.1%, EUR/USD declined 20 pips to 1.0750. GBP/USD fell 43 pips to...
On Tuesday, Federal Reserve Chairman Jerome Powell did not address debt ceiling negotiations during a meeting with Democratic Congress members. Instead, he focused on high inflation rates, while maintaining an optimistic economic outlook. The Nasdaq 100 dropped 177 points to 13,672, and the S&P 500 slid 47 points to 4,145. The Dow Jones Industrial Average plunged...
Looking at the Weekly-timeframe graph on the left-hand side of the screen, it can be observed that the price is approaching a key level of support that aligns with the up-trending diagonal highlighted on the chart. Zooming into the Daily TF chart, we may identify a preliminary entry point that we will have our eyes on for entering long positions and riding the...
Meta Platforms (META) was fined $1.3 billion for violating European Union data protection regulations, specifically for transferring Facebook users’ data to the US, thereby exposing them to US intelligence agencies. While the tech giant stated it would appeal the decision, its NASDAQ share price was unfazed as it climbed $2.68 to $248.32. Meanwhile, major indices...
The US government is yet to strike a deal with Congress to raise the debt ceiling. US stocks weakened with the Dow Jones Industrial Average plunging 109 points to 33,426. The Nasdaq 100 fell 31 points to 13,803.49, and the S&P 500 slipped 6 points to 4,191. Meanwhile, the greenback also weakened against its peers. EUR/USD added 38 pips to 1.0808, and GBP/USD...
xauusd we are know in price 1977, price is below march poc, below, market is moving below as DXY get strong, we are reaching major strong key level 1930 as long setup is all depend upon supply and demand we buy low as we sell high as economic data realis price break our key zones, watch for weekly openings follow your trading plan execute trade as reach your...
After a short relief, the Japanese core CPI rebounded to 3.4% as expected. This has increased pressure on the Bank of Japan to introduce further tightening measures. USD/JPY climbed 102 pips to 138.7. On the other hand, US Initial Jobless Claims slowed to 242,000 in April, and USD/CAD gained 47 pips to 1.3502. EUR/USD declined 70 pips to 1.0770, and GBP/USD fell...
Gold / XAUUSD is declining, which is a technical pull back inside the long term Channel Up. A 4hour Death Cross will be formed tomorrow and in the past 12 months it has been a bearish signal of sell continuation. We expect the bottom to be either on the 1day MA100 (1930) or the lower dotted line (1910). In either case, over Support A as on February...
In May, Germany’s economic sentiment index fell to -10.7, much higher than Mitrade's estimates of -2. The poor reading reflected concerns about Europe’s economic health in general. EUR/USD slipped 11 pips to 1.0863, and GBP/USD declined 41 pips to 1.2487. AUD/USD fell 45 pips to 0.6655. Meanwhile, US retail sales grew 0.4% in April, lower than expected growth of...
Gold came today the closest it's been to the 1D MA50 since March 13th when it crossed over it and initiated the Channel Up the price has been trading in for the past 2 months. Being at the bottom of this Channel Up, the 1D technicals are neutral (RSI = 46.769, MACD = 11.340, ADX = 29.957) and this indicates how strong of a long term buy opportunity this is. Until...
Inconclusive talks to raise the debt ceiling pose a default risk as the US approaches its borrowing limit. The greenback then weakened against its peers, EUR/USD added 17 pips to 1.0874, and GBP/USD climbed 80 pips to 1.2528. AUD/USD advanced 54 pips to 0.6700, and Australia’s consumer sentiment plunged 7.9% - considerably worse than Mitrade's estimates of -1.7%....
In April, the UK's year-on-year GDP growth declined to 0.2%, and the monthly Manufacturing Production readings exceeded Mitrade's estimates increasing by 0.7%. GBP/USD then dropped 60 pips to 1.2448. EUR/USD retreated 60 pips to 1.0857, and AUD/USD slipped 55 pips to 0.6646. USD/CAD gained 60 pips to 1.3548, and USD/JPY surged 120 pips to 135.71. Spot gold...