Trading Plan for Monday, March 11th, 2024 Market Sentiment: Neutral to Bullish Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5196, 5187 (major), 5181, 5176, 5168 (major), 5163 (major), 5155, 5147, 5140, 5136, 5131, 5126 (major), 5116, 5108, 5103, 5095, 5090 (major), 5084 (major), 5076, 5072 (major). Resistances to Monitor: Key...
Gold prices broke records this week, reaching $2,150/ounce. The strong recovery was fueled by a weakening U.S. dollar and falling Treasury yields on bets that the Federal Reserve could start cutting borrowing costs sooner than the Federal Reserve proposed. policy makers. While Fed Chairman Powell has signaled that the central bank is in no hurry to cut interest...
Chairman of the US Federal Reserve (Fed) Jerome Powell gave his first speech in two days of testimony before the US Congress on March 6-7. He continued to affirm that the Fed will consider adjusting interest rates at any time. Interest rates will begin to decrease this year, but it is still unknown when. Because this agency is still concerned about the risks...
Gold’s recent rally accelerated last Friday, driven higher by weak US economic data, and the rally back towards a new all-time high has continued this week with the precious metal posting a $2,141.8/oz. peak yesterday. This left gold just $3 short of printing a new ATH. The technical outlook for gold remains positive and suggests that the precious metal will...
Micro E-mini S&P 500, Supply and demand strategy, Futures, Short and Long
Trading Plan for Friday Market Sentiment: Neutral to Bullish Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5155 (major), 5146, 5140, 5133 (major), 5125 (major), 5118, 5113, 5106 (major), 5101, 5088-92 (major), 5084, 5073, 5065, 5057-60 (major), 5052, 5046, 5040, 5032-29 (major), 5022, 5018, 5013 (Major), 4998-5000 (major), 4994, 4987,...
Japanese Yen has been very weak since start of the year, but we can see a three-wave A-B-C corrective decline on Japanese Yen Futures chart, which can be now completed by current sharp reversal up above important trendline. So, we believe that Japanese yen may now face a recovery in the upcoming days/weeks, maybe months, just be aware of short-term pullbacks.
Crude Oil is trading in a bullish trend. The price retraced to a solid vertical trend line on a daily. After its test, I spotted a confirmed bullish breakout of a resistance line of a falling channel on an hourly time frame. I think that bullish rally may resume soon. Goals: 78.0 / 80.6 ❤️Please, support my work with like, thank you!❤️
Overall, we have been bearish. However, for the past few days, we have been making higher highs (HH). I'm looking for a continuation of a short-term bullish run to target around 2045.00. We will plan accordingly with whatever the market shows us and stick to our trading plans.
Let's dive into analyzing Avax coin for futures trading 📈🔍 This coin is currently on an upward trajectory in higher timeframes and cycles, confirming my long entry strategy 💼💰 The key resistance we're currently facing is at $44.49, acting as a daily resistance , If this level is breached, we could see movement towards the $49.44 range, where resistance is...
Trading Plan for Thursday Market Sentiment: Neutral Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5100, 5093 (major), 5087, 5082-79 (major), 5078, 5070-73, 5058-60, 5052, 5045 (major), 5033-36 (major), 5028, 5018-20 (major), 5013, 5008 (major), 4998 (major), 4988, 4978, 4969, 4965-63 (major). Resistances to Monitor: Key Resistances:...
Gold prices have staged a notable rally over the past week, surpassing key technical levels to reach their highest point since December 2023. By late Friday, the precious metal had recorded gains A significant weekly increase of 2.33%, reaching nearly 2,088 USD. Bullion's bullish momentum can partly be attributed to a moderate drop in U.S. Treasury yields, a...
World gold price stood at 2,112 USD/ounce, a sharp increase of 32 USD/ounce compared to the same hour yesterday morning. There was a time when the price of this precious metal reached 2,120 USD/ounce. Thus, the world gold price has set a new peak, this is the highest level of all time. The previous peak was set in early December 2023 at a price of 2,110...
Market Sentiment: Neutral Weekly Volatility Risk: High Trading Plan for Wednesday Supports to Watch: Immediate Supports: 5081, 5073, 5063-66 (major), 5057, 5052, 5044, 5035-40 (major), 5028, 5022, 5018 (major), 5013, 5009, 5003, 4996-98 (major), 4987, 4983 (major), 4976, 4970 (major), 4962-66 (major). Resistances to Monitor: Key Resistances: 5088...
This week, international gold prices rose sharply from 2,024 USD/oz to 2,088 USD/oz and closed at 2,083 USD/oz. The increase is attributed to seasonal factors and the expectation that the FED will cut interest rates soon. Next week, two factors that could significantly affect gold prices are the testimony of FED Chairman Jerome Powell before Congress on Wednesday...
World gold price stood at 2,082 USD/ounce, up sharply to 38 USD/ounce compared to the same hour yesterday morning. This is the highest price of this precious metal in more than 2 months. The increase in gold prices comes from the market receiving information about gloomy US economic data. This contributes to strengthening investors' expectations about the US...
Market Sentiment: Neutral Weekly Volatility Risk: High Trading Plan for Tuesday Supports to Watch: Immediate Supports: 5135 (major), 5125-27 (major), 5110-13, 5102 (major), 5092 (major), 5087, 5079, 5070-73 (major), 5065, 5053, 5045 (major), 5037 (major), 5033, 5026 (major), 5018, 5013 (major), 5003, 4998 (major), 4987, 4983 (major), 4976 (Major), 4971,...
Let's dive into analyzing this currency on the four-hour charts and prepare for future positions. 🤝 Currently, this currency is still in its parabolic movement on the four-hour chart, indicating an upward trend. It has recently reached a weekly resistance level of around 59.05. 📈 Breaking through a weekly resistance level usually signals a reliable upward trend...