Gold price cannot break the 2325 resistance level to form a short-term uptrend. Gold retreated to levels near 2310 as the US dollar tried to recover even as US Treasury yields eased again. The release of US retail sales data on Tuesday, weekly jobless claims on Thursday and a flash purchasing managers' index on Friday could provide clarity. in terms of...
By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that after a significant drop, the price finally entered the demand zone between 1.067 and 1.069. Following the accumulation of liquidity below 1.06740, there was a surge in demand, and the pair is currently trading around 1.06980. The substantial decline in EUR/USD has created numerous...
Ethereum analysis daily and 4H time frame The pound could correct up to the daily demand zone and move to higher targets from there.
#GBPUSD Update..! The pair already rejected with 4H support area successfully and retest still not confirmed. I didn't expect the pair would go up to retest high level before testing below the support area. Because Accending channel support is no longer valid. GBPUSD Sell opportunity 1.2760 - 1.2766 GBPUSD Buy opportunity 1.2599 - 1.2695 *My trading plan. use...
The U.S. dollar capped its strongest weekly run since February, buoyed by a shift in sentiment among traders as they awaited the Federal Reserve's upcoming policy decision. After weeks of anticipation of potential interest rate cuts, the market witnessed a reversal as the greenback regained its allure. This recent surge comes from a five-day winning streak for...
#NAS100 Next week..! The price reaches the highest level. And this should be retested. Because 13th of June reaches this price and falls down to 19,479 level. But in a low time frame still running between the Accending channels. But the movement is bearish Because 2 times it is tested with treeline. However once the market opens if the current 4H candle end...
EuroUSD 1 hour time frame We can enter a long position with capital management when the price reaches our area
EURUSD is moving in the Support zone($1.070-$1.062) and near the Support line . Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . According to the theory of Elliott waves , EURUSD seems to have completed its 5 downward waves and we should expect upward corrective waves . I expect EURUSD to trend higher in the coming...
SELL on the theory markets ranges 70% of the time, and SELL on the theory markets retraces HALF of the previous leg 90% of the time. Entry on 30m is recommended.
EURUSD managed to break the Support zone($1.080-$1.078) , Monthly Pivot Point , and the Uptrend line . We can also consider this Breakaway Gap a sign of valid failure. According to the theory of Elliott Waves , EURUSD seems to have successfully completed the Double Three Correction(WXY) . Currently, EURUSD is completing wave 4 , and we have to wait...
The employment and economic data released by the US last week showed both positive and negative trends. However, the fairly positive job market has caused the market to predict that the US Federal Reserve (Fed) will not cut interest rates before November this year, instead of September as previously forecast. Experts say that world gold prices in the next few...
World gold prices tend to recover with spot gold increasing by 2.3 USD compared to last week's closing level to 2,294.9 USD/ounce. The gold market this week is forecast to have many fluctuations and the direction of this precious metal depends heavily on the consumer price index (CPI) report and the interest rate decision of the US Federal Reserve (Fed). ) and a...
Next week the gold price will test 3272.00 - 2385.00 supply level and rebound to retest the above resistance level 2215.00. I'm waiting for the buy opportunity. Good luck.
EURUSD analysis 1 hour time frame The euro has fallen in the 1-hour time frame
EURUSD is moving in the Resistance zone($1.092-$1.087) . According to the theory of Elliott waves , EURUSD seems to have succeeded in completing the main wave 5 with the Expanding Ending Diagonal . I expect EURUSD to at least fall to the Support zone($1.0806-$1.0781) . Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰. Do not forget to put Stop...
Hello traders ,what do you think about GOLD? Gold has hit the resistance zone of 2360 several times and has not been able to cross it. It has also reached the trend line now. It is expected that with a little fluctuation in this zone, the trend line will be broken and after the pullback to it and with the break of the 2280 zone, it will fall at least to the...
US non-farm file will display gold optimism The short-time period uptrend will begin from here buyers now see approximately a 67% threat the Fed will ease economic coverage in September, up from much less than 50% remaining week. In addition to economic coverage expectations, professionals say that gold is being supported through robust shopping for call for from...
About 6 o'clock on June 7, today's gold price of the world traded at 2,376 USD/ounce, an increase of 21 USD from the same price as the previous day was 2,355 USD/ounce. World gold price fluctuated in the context of the European Central Bank (ECB) for the first time since 2019, down 0.25 points of interest rate. This move makes the market raise expectations that...