Analysis: Factors Driving Gold Prices Up Here is why we think it will go up (FUNDAMENTAL ANALYSIS) Weak NFP Report and Potential Fed Rate Cuts: The recent Non-Farm Payrolls (NFP) report came in weaker than expected, signaling sluggish job growth in the United States. This unexpected weakness has raised speculation that the Federal Reserve may consider...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
Gold prices edged up slightly in Wednesday's Asian session, getting small support from safe-haven demand due to geopolitical tensions but coming under pressure from recent hawkish comments by officials. Fed officials Gold was supported by some safe-haven demand this week as the conflict between Israel and Hamas worsened and ceasefire talks made little...
Gold prices attracted some buyers during Asian trading hours on Wednesday. Safe-haven demand, fueled by geopolitical tensions and uncertainty, as well as ongoing central bank purchases, could contribute to gold's rally. Gold prices traded stronger during the day. However, the yellow metal's positive long-term outlook remains unchanged as XAU/USD sits above the...
FX:XAUUSD is testing the resistance of the range, the market maker is capturing liquidity around 2328 and is not ready to let the price go yet. Trading inside 2328 - 2300 continues. On Sunday we discussed the bullish trend, correction and the fifth wave that may get its start after the end of the correction. Yesterday price tried to form a confirmation of the...
FX:XAUUSD continues to consolidate, the market is uncertain, there are reasons for both long and short positions, but everything will be determined only by the exit of the price from the specified range. The current situation is as follows: the price earlier broke the resistance of the wedge, which in general can be perceived as a hint of the end of the...
FX:GBPJPY is testing trend support, but buyers are keeping the price away from risk zones. The currency pair is returning to the bullish zone relative to 193.5, which generally opens up the market to 195.0-197.0 upside potential On W1, the currency pair after a false breakdown of global resistance is moving back to 195.844, which generally tells us about the...
Looking at price action tells me what the MARKET is thinking/doing. These past few days has not been easy to 'predict' movement because opposing the market are those who wish to see a weakening of the $ to drive down yield. Anyway, lets stick with the MARKET and trade accordingly. In all probabilities, we can see that the DXY will move higher in the coming...
If you haven`t exit SHOP when the selloff started: Then analyzing the options chain and the chart patterns of SHOP Shopify prior to the earnings report this week, I would consider purchasing the 78usd strike price Calls with an expiration date of 2024-5-10, for a premium of approximately $3.75. If these options prove to be profitable prior to the earnings...
Trend: LSMA moving lower for 3+ weeks, pattern of Lower Highs and Lower Lows Momentum: Moved to Neutral as price retraces the selloff Japanese Candles: An imperfect Shooting Star is developing Chart Pattern: Bearish Channel Support and Resistance: 0.6675 is Support, 0.6400 is Resistance. Fundamentals: Aussie Retail Sales on Wednesday Trade: Open Short...
💎 Paradisers, #FARM is indeed a coin worth monitoring closely. 💎 Its successful breakout from the descending resistance signals bullish momentum for FARM. However, there's a possibility of price retracement to the LTF demand area around $77 before resuming its upward movement. 💎 If FARM manages to sustain its upward momentum, it could potentially test our...
Some altcoins have stayed behind during the most recent BTC surge. These include : 👎 DOT 👎 XRP 👎 ADA 👎 UNI 👎 HBAR 👎 CRV 👎 ALGO Overlay any of these with the BTC chart, and you get something similar to this. Now compare it to the PREVIOUS BTC all time high. I'm not saying these coins are done for, or that they do not have a future. But my focus is on coins...
I like trying USDCHF lower here. i think the narrative is shifting slightly for USD. The latest fed meeting was relatively dovish and NFP last week came out somewhat weak. The CHF weaker narrative on dovish SNB seems to be a little stale now as well, while they could still be a little dovish the recent CPI data came out quite strong and i don't think the SNB...
Solana ( CRYPTOCAP:SOL ), a cryptocurrency, has experienced a 5% increase in value today, driven by significant on-chain activity and ecosystem growth. The market cap is down by 1%, but Solana's price has risen by 5.5% to $153, with a $69 billion market cap and a $3.2 billion 24-hour trading volume. The central driver behind Solana's recent success is its...
5/7/24 - vrockstar - 8 bn + on a complicated capital stack - an obviously "distributed" IPO (you still hold the bag? why?) and 8x sales on lofty 20-25% cagr revenue numbers (we all know these will get revised downward - banks need to shine up the pump to sell the deal fam). frankly, burning one of my posts to warn you all that if you own this, it might be a good...
Bearish Scenario: Increased Geopolitical Tensions: Escalation of the conflict leads to heightened geopolitical tensions in the Middle East, sparking concerns about regional stability and security. Risk Aversion: Investors flee from riskier assets, including the U.S. dollar, as uncertainty rises. Instead, they seek refuge in safe-haven assets like gold, driving up...
GBPUSD turned down in price, confirming the previous false breakout signal, so you can see that the short-term trend of this currency pair is decreasing so you can sell. The nearest resistance area is the supply area and also the previous peak and bottom area around 1.2530. You can wait for the price to return to this area and then look for a signal to sell...
Hello traders! ‼️ This is my perspective on AUDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to continue the retracement to fulfill that huge imbalance and then to reject from trendline + institutional big figure 0.90000. Fundamental news: This week on Friday...