📢 Attention Traders: Get Ready for Next Week's Move! Hey everyone, exciting news ahead! 🚨 We're gearing up for another week of action, and our sights are set on USDCHF once again. 🎯 ✨ The Setup: USDCHF is holding strong in its buy zone, and the momentum is building. 💪 Our position is solid, and the market is showing promising signs as we head into the new...
In the bigger picture, price actions from 0.6169 (2022 low) are seen as a medium term corrective pattern to the down trend from 0.8006 (2021 high). Fall from 0.7156 (2023 high) is seen as the second leg, which is still in progress. Overall, sideway trading could continue in range of 0.6179 /7155 for some more time. But as long as 0.7156 holds, an eventual downside...
As predicted, price went all over to 1.0650 to neutralize 15min imbalance order block having and immediate reaction. It is expected to climb to 1.0711 to collect first profit. We are just buying a pull back. On higher time frame we can see bearish pressure, once price hit 1.0711 we should look for any bearish reaction if price goes over this supply zone expect...
Gold prices lost the $2,300 mark last night as data from the US showed that labor costs are rising, thus pushing up inflationary pressure. As a result, the Fed will need to be more patient in lowering interest rates, as Fed Chairman Jerome Powell announced two weeks ago. Gold price is trading at $2,292/ounce, up slightly by 0.27% after falling more than 2% on...
XAUUSD after the price was able to break through the 2291 level, it is expected that the price has a chance to test the 2263 support zone if the price is unable to break through. It is expected that in the short term there is a chance that prices will rebound. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Measuring the bear flag provides a slightly different target that is a little higher than the 50-Day line. If the flagpole is measured from the daily breakdown of the April 19 low of 2,373 to the recent retracement low of 2,291, a potential target of 2,238 is calculated. Given the clarity expressed by today’s selling (wide range red candle with trading continuing...
📉 GBPCAD Analysis: Potential Resumption of Bearish Trend Ahead 📉 Hey Traders! 👋 📊 I've been closely tracking GBPCAD, and it's been quite the rollercoaster lately. Here's the scoop: 🐻 After a solid bearish wave, we saw a correctional movement that brought us to a critical juncture. Recently, the price hit a major horizontal resistance cluster. But here's the...
Gold Price: Current Pricing, Prices Chart & Rate Graph\ Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven....
Hey folks, exciting news! 🚀 A golden opportunity just unveiled itself on this fine Friday. Picture this: two significant gaps on our chart - one bullish, the other bearish - both nicely filled in. Now, the stage is set, and we're eagerly awaiting the bulls to strut in and take charge. Our On-The-Edge (OTE) zone is primed, leaning towards the buy side. Let's buckle...
The $2320 and $2313 target reached ✅, yielding more than 350 pips since yesterday! I hope you took advantage of it! by Reviewing the gold chart, we see that the price started to fall from the $2346 range and has managed to correct down to $2311 with a drop of over 350 pips to this moment! According to the previous analysis, this fall could continue down to $2303,...
The EURUSD has moved back to a new session low and in the process is testing the 200-hour MA at 1.0687. That MA stalled the fall on Friday (at a lower level). Moving below the 200 hour MA is now needed to increase the bearish bias, and have traders targeting the trend line and the low of a swing area down to 1.06529. If the buyers stall the fall here (and trader...
Just took a buy on NZD/CAD. I really like the look of this trend continuation on the 4HR timeframe. Looking for a 2% Risk Reward on this.
Gold costs recorded a mild decline after current losses as investors persisted to rate in better longer-time period US hobby charges beforehand of the United States Federal Reserve (FED) assembly over the weekend . From a technical perspective, the growing trendline at $2,320 may want to assist the marketplace stabilize and assist the rate. However, if this key...
Gold prices are expected to increase for the third consecutive month ahead of the Fed meeting Gold prices are on track to increase for the third consecutive month thanks to strong demand from central banks. Attention is now on the Fed's interest rate decision meeting this week, where policymakers are expected to take a hawkish stance. As of early Asian session,...
Gold prices opened the new trading week with a slight decrease, however the decrease was insignificant, currently trading around $2,335. Many traders choose to stay on the sidelines ahead of important events this week such as the FOMC meeting and the release of US Employment Data. As a result, gold price volatility is likely to be limited at least until Wednesday...
GBPNZD is neutral on the 1D time-frame (RSO = 52.651, MACD = 0.004, ADX = 24.344) as the price is consolidating after the rebound on the 1D MA50. The Resing Wedge pattern is constantly pushing the price higher and as long as the 1D MA50 holds, this is the bullish wave to a HH. The two HH prior were formed on the 1.5 Fibonacci extension, all validated by a 1D MACD...
In this live trading session video,we look at our open positions on BRENT and potential trades coming on Bitcoin,Etherum,S&P, etc and the thinking behind them. The concepts you learn from this video are cross transferrable principles onto any strategy.
Gold fell by 2.2% last week amid cooling Middle East tensions and fading expectations for early U.S. interest rate cuts this year. Investors are now only confident about a single cut this year, most likely in November, according to the CME’s FedWatch tool. “Gold bulls bought into last week’s weakness, protecting an elevated long established at much lower levels,”...