Bollinger Bands Reverting to Test the Center Range.RSI and MACD Analysis: Utilizing Technical Indicators for Buy and Sell Signals in Gold Trading" "When RSI touches the overbought zone and signals a sell, MACD quickly follows suit with a downward crossover, also indicating a sell. Subsequently, the price experiences a sharp decline. Next, RSI moves down to the...
The basic entry in the Sonic R. System is referred to as the "Classic" entry. Following the initial Classic entry, there are sometimes pullbacks that create opportunities for a "Probe" re-entry. At times, even before the Classic setup forms, price action alone suggests early Probe entry opportunities. Two examples of early Probe entry opportunities are: 1....
ADX, like Stochastic or RSI, is another oscillating indicator. It fluctuates between 0 and 100, with readings below 20 indicating a weak trend and readings above 50 signaling a strong trend. ADX doesn't determine whether the current trend is bullish or bearish. It merely measures the strength of that trend. Therefore, ADX is often used to identify ranging markets...
Bitcoin, the pioneer cryptocurrency, continues to reshape the financial landscape, attracting attention from investors and analysts worldwide. Here, we provide insights into Bitcoin's current dynamics through the perspective of a financial expert. Bitcoin's Origin: Emerging in the aftermath of the 2008 financial crisis, Bitcoin represents a departure from...
On the daily chart (D), the price closed with a bullish candlestick and retraced to the 0.618 Fibonacci level, indicating strong support. The bullish view remains intact, with potential for further upward movement if the $68-69k support area holds. On the hourly chart (H1), there is a reversal pattern forming, suggesting a potential uptrend. Traders may wait for...
In Wednesday's US trading session, gold prices unexpectedly rebounded following previous volatility, possibly due to the increase in the US dollar and bond yields. This led to a reduction in expectations for the Federal Reserve to cut interest rates in the near future. On the 4-hour chart, the upward trend of gold remains clearly intact. The Simple Moving Average...
A correction is possible if the bottom of the triangle is breached. If there's a breakout to the upside, well, we continue buying. This analysis reflects only my personal perspective and is not financial advice. The BTC is showing strength as it continues its ascent towards higher levels. However, there's a possibility of a correction if the bottom of the...
Gold prices continued their upward trend today, reaching around $2347 USD per ounce, with a 0.261% growth for the day, even as the USD index showed signs of cooling off. However, after several consecutive sessions of gains, gold prices are facing profit-taking pressure. Nevertheless, the precious metal is believed to still receive significant support due to three...
One technical indicator that can help identify potential reversal points for a trend is the Parabolic SAR (Stop And Reversal). The Parabolic SAR places dots on the chart to indicate potential reversal points. From the above figure, you can see the dots change from being below the candlesticks in an uptrend to being above the candlesticks when the trend reverses to...
Despite the release of better-than-expected US employment figures, the global gold market has seen a significant surge, reaching new record highs during weekend trading sessions. This marks the third consecutive week of gains for the precious metal. Recent developments, including the robustness of the economy and inflation data, prompted Federal Reserve Chairman...
BTC has successfully broken out of the bullish flag pattern, as indicated on the chart. Following the breakout, a period of consolidation is expected, which is crucial for sustaining the trend. The ultimate target remains at 74804, with two potential scenarios outlined on the chart
The Euro (EUR) navigates through a complex web of economic crosscurrents as global markets experience turbulence. Amidst challenges such as geopolitical tensions and inflationary pressures, the EUR remains resilient, buoyed by robust monetary policies and a unified regulatory framework within the Eurozone. Investors closely monitor the EUR's performance against...
Bitcoin (BTC) enters a pivotal phase as market dynamics evolve and investor sentiment fluctuates. Analysts observe key technical indicators and fundamental factors shaping BTC's trajectory, including regulatory developments, institutional adoption, and macroeconomic trends. Amidst this uncertainty, traders strategize to capitalize on potential price movements,...
Many educational resources suggest that in most cases, the bulls will win the battle and the price will break through the resistance level. However, based on our experience, this is not always the case. Sometimes the resistance zone is too strong and the buyers lack the strength to overcome it. Prices usually increase after breaking out of the pattern in the...
Examining the chart, we observe a MACD crossover, indicating a short-term price increase. However, the downward trend of the RSI suggests weak buying pressure. The crossing of the SMA and EMA lines creates a strong resistance zone. Based on these factors, I predict a decline in gold prices.
hiii my little fellows 8m very happy because some people is insulting me but when i give it back. tradingview baned me. so crazy how things are this days... well today we hve limewire. have you seen the triangle?? maybe will go to 2.50$ im not sure im not a pandereta. try to feel the voice in the shadows
Using the MACD method, it's evident that buying pressure in gold has weakened, with selling momentum increasing. The rising RSI indicates robust buying activity. Additionally, the recent Bollinger Band squeeze suggests impending volatility. Despite the price closely tracking the upper band, a retest towards the middle band seems likely.
Following a slight retracement, BTCUSD is currently consolidating within a narrow range. A significant factor affecting Bitcoin sentiment is the potential approval of a Bitcoin ETF by Morgan Stanley in the coming weeks, as indicated by documents filed with the SEC. This prospective institutional embrace of Bitcoin could trigger a fresh influx of capital into the...