World gold price stood at 1,925 USD/ounce, inching up slightly by 2 USD/ounce compared to the same hour yesterday morning. The precious metal price remains neutral after many unfavorable information. Many experts believe that recent price action proves that investors are taking a more cautious stance to protect themselves from recession.
The fact that gold...
World gold price stood at 1,926 USD/ounce, down slightly by 3 USD/ounce compared to the same hour yesterday morning. Yesterday, immediately after announcing the results of the Fed's policy meeting, precious metal prices jumped to 1,947 USD/ounce, the highest level since early September. However, this price level did not last long.
True to market expectations, the...
Long Signal for HIFIUSDT.P
After the dump continued for several days, finally today there was a response from the buyer and the order block below was visible, a reversal could occur in the 1h timeframe
The long setup can be seen drawn and the takeprofit area is also visible.
Don't forget to be disciplined in using stoploss.
You can register with Gate.io and use my...
TVC:GOLD , RETAIL TRADER POSITIONING, TECHNICAL ANALYSIS – IGCS UPDATE
- Gold prices extend losses in the aftermath of the Fed
- Retail traders are increasing their upside exposure
- This is a sign of more pain to come from GOLD
Gold prices dropped by -0.6% in the last 24 hours as financial markets processed the implications of the Federal Reserve interest...
Gold prices fell following the Federal Reserve's monetary policy announcement. There, Chairman Jerome Powell essentially hinted at a 'higher for longer' approach, causing financial markets to price in a higher eventual Federal Funds rate and pushing back expectations of a cut interest rates in the near future.
In response, Treasury yields and the US dollar...
World gold price stood at 1,929 USD/ounce, down slightly by 3 USD/ounce compared to the same hour yesterday morning. Precious metal prices still fluctuate around the highest level in the past 2 weeks as the USD left its 6-month "peak", helping gold become cheaper for overseas buyers.
Many important meetings of the world's leading central banks will take place...
Levels to Watch :
Resistance 4508.75-02.50 ? Key Resistance 4532.50-24.25-19
Targets if Over 4548.75-43.75 // 4570.62.50
Support Prev Day Low 4497.25-94.75-90 ? Key Support 4487.25-79.75
Targets if Under VAH, 4465.25-60.25 // 4449.75-45-34.75 ( Needs to break/hold for ANY continuation ) // 4422.75-18.75 // 4403-4392.25
Range Edge 4375.75-4359.50
Last Week...
Recap
Midday Friday afternoon update. The market experienced a bearish trend with high volatility last week, triggered by the breakdown of the 2-month triangle pattern and the start of the most bearish seasonal cycle of the year. Despite reaching the 4385 level, it's unclear whether a bounce is imminent. The downward trend began with a structure breakdown and...
ES is only 30 points away from it's breakout point in June around the 4337 level. For nine months, ES failed to break this level, and when it finally did it never retested it. Now, we are close. Will this be a buying opportunity or will ES flush straight through?
I personally will be looking to long this area.
Recap
Yesterday's FOMC day was filled with volatility and traps, making it a challenging day for trading. ES finished below the support of the key triangle structure at 4470, indicating a bearish sentiment. Despite the volatility, smart trading strategies that focused on failed breakdowns and level-to-level profit management yielded lucrative results.
Market...
Recap
This week demonstrated the effectiveness of straightforward technical analysis. We kicked off the week eyeing a target of 4565 and touched a high of 4566, validating a simple trendline resistance in a multi-month triangle. A pullback was expected and did indeed materialize.
Market Gauge
🟡 Neutral
The Markets Overnight
🌏 Asia: Down slightly
🌍 Europe:...
On a today's live stream, we discussed WTI Oil.
The price is currently taking off from a solid horizontal support.
As a confirmation, the market formed an inverted h&s pattern.
Its neckline has just been broken.
I expect a pullback at least to 90.6 level now.
❤️Please, support my work with like, thank you!❤️
EURUSD saw little volatility on Tuesday, moving around the flatline and oscillating between small gains and losses, with market participants refraining from making large directional bets ahead of a major risk event: the FOMC announcement.
The Federal Reserve is set to unveil its September decision on Wednesday, following a two-day meeting. While no changes to...
Executive Summary:
In Tuseday's market session, we observed a 5% increase in the price action of NASDAQ:RUN , which, as expected, triggered a minor retracement due to typical market dynamics. However, our focus today is on a highly significant order block zone, spanning from $14.13 to $14.90. After nearly a year of dedicated study into the behaviors of major...
Recap
This week demonstrated the effectiveness of straightforward technical analysis. We kicked off the week eyeing a target of 4565 and touched a high of 4566, validating a simple trendline resistance in a multi-month triangle. A pullback was expected and did indeed materialize.
Market Gauge
🔴 Neutral to Bearish
The Markets Overnight
🌏 Asia: Down
🌍 Europe:...
