Drawing insights from Dow Theory and personal speculation, my technical analysis indicates a sustained bullish trend for XAUUSD over the long term, with a projected peak at 2209.32 pips. Anticipating a retracement to revisit its recent low before resuming its upward trajectory, the analysis suggests a potential retest of the previous low before embarking on a...
In the realm of digital finance, Bitcoin stands as a trailblazer, reshaping traditional notions of currency and investment. Born from the vision of Satoshi Nakamoto, Bitcoin's decentralized nature and blockchain technology have sparked a global phenomenon, challenging centralization and offering financial autonomy to users worldwide. Despite volatility, Bitcoin's...
Gold prices have surged to a two-month high, reflecting renewed investor interest and economic uncertainties. As of the latest data, gold is trading at , marking a significant increase from previous weeks. This surge is attributed to various factors, including . Investors are closely monitoring gold's performance amidst evolving market dynamics and are poised to...
In the ever-changing landscape of global finance, the Euro (EUR) remains a cornerstone currency, reflecting the economic resilience and stability of the Eurozone. Amidst shifting economic trends and geopolitical challenges, the Euro continues to hold its ground, serving as a symbol of unity and strength in the face of uncertainty. As markets fluctuate and...
From the current market situation, gold peaked around 2275 before encountering resistance and retracement, with the current low point being around 2229. For now, it appears that the bullish momentum has somewhat eased after a strong breakthrough. Additionally, with the continued strength of the US dollar, a return to a bearish sentiment is quite normal. Gold...
The news is likely to boost oil prices. Geopolitical factors have affected oil reserve inventories. Oil inventories this week will be significantly lower than expected. leading to increased market demand In terms of trend, there is a certain degree of over-rising behavior in the market, but the trend is still a bullish trend. If the price falls back to the low...
In the ever-evolving landscape of finance, one phenomenon stands out: Bitcoin. This digital currency, often touted as the future of money, has sparked both fascination and skepticism in equal measure. As a seasoned financial expert, I delve into the intricacies of Bitcoin to unveil its true potential and pitfalls. Bitcoin, born out of the 2008 financial crisis,...
Marking key levels for the next 1-2 weeks: First zone around 2204 for fresh buyers, while considering sell-side opportunities if price drops towards 2153. Potential buying may occur thereafter.
With the ongoing upward trend in gold, the 2257-2259 area holds crucial significance today. Failure to break through here may indicate a continued correction. I'll be looking to short gold in small increments in this zone, especially if a local double-top structure forms. Avoiding long positions near or above 2262 is prudent, as I anticipate potential downward...
In the realm of currency markets, the Euro (EUR) remains a focal point for traders and investors alike. As a financial analyst, it's imperative to dissect current market dynamics and provide insights for navigating EUR-related assets. Currently, the EUR faces a complex landscape, influenced by a multitude of factors. Market sentiment surrounding the Eurozone...
Today, March 15th, the global gold market witnessed a downturn following a surge in the value of the US dollar. The price of gold, currently hovering around $2163, faced downward pressure as US bond yields climbed. This shift in market dynamics comes amidst lukewarm macroeconomic indicators from the US. February's retail sales saw a modest uptick of 0.6%, falling...
The current high in gold isn't yet confirmed as a major high, necessitating a retracement for confirmation. There's a possibility of a pullback to retest the level around 2195, providing confirmation for a bullish trend before considering buying. If the price fails to respond to this retest level, it may drop to the major H4 level at 2170 before confirming a buy...
Today, EURUSD continues to trade around the support level of 1.080, with the outlook for this currency pair still leaning towards a downward trend. The overall trend indicates a long-term decline, with prices fluctuating below both the 34 and 89 EMA lines. Furthermore, the modest increase in the US Dollar (USD) has led to a similar modest decrease in EUR/USD. In...
Bitcoin (BTC) continues to capture the attention of investors worldwide, presenting both opportunities and challenges in the realm of digital assets. As a financial expert, I offer fresh insights into BTC, providing valuable perspectives for navigating this dynamic cryptocurrency. Amidst evolving regulatory landscapes and market trends, BTC displays a complex...
🌟 Greetings, phenomenal traders! 🌟 I hope your weekend was absolutely stellar! Now, let's rev up for some exhilarating market maneuvers and set our sights on those colossal profits! 💰📈✨ 🔍 Today, let's plunge into the mesmerizing realm of GOLD! 🌟✨ XAUUSD is seizing the spotlight. 🌐💥 As you're well aware, gold is reaching unprecedented peaks, breaking records...
My positive point of view does not end with the currency, but we are at a critical stage. The price is still inside its natural square, as it is in the third square of the outer heptagon, which is a weak shape that often does not complete its geometric cycle. However, so far it has not shown any negativity because the price is inside the price channel of the...
Currently Trading at 57100 , Sell Rise till 57660 For The target 49470
USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and...