By analyzing the #gold chart on the 2-hour timeframe, we observe that after the PPI news was announced yesterday, gold initially experienced a price surge. It climbed to $2327 before encountering selling pressure, leading to a correction of over 320 pips down to $2295. As previously mentioned, the $2295 to $2303 range was a significant demand zone, and the price...
Bitcoin prices are currently stuck in a rectangle pattern. A break below $66,000 could potentially send prices down to $60,000, a drop of 9%. Conversely, a break above $72,000 could lift prices towards $77,970 per coin. Recent trends show a stronger dollar, particularly against the Euro and British pound. If this strength continues, it could negatively impact...
Gold Market Update: Hello everyone! Yesterday, the gold market experienced a remarkable recovery. At the start of the session, gold traded steadily, but as the session progressed, it surged dramatically, recovering over 280 pips. By the end of the trading day, gold closed at $2,332 USD, marking a 1.24% increase. Despite the US Dollar Index remaining at elevated...
Dear traders! On almost every timeframe, gold is remaining positive above a stable parallel trend channel supported by the $2300 mark. But, in general, from the price resistance at 2335 USD, the upward momentum seems weak and there is a possibility that gold will retreat to 2325-2320 with the aim of retesting the 34.89 EMA level to accumulate before strengthening...
Hello dear friends, let's explore the gold price after yesterday's big fluctuations! About developments and news results: Gold prices experienced significant volatility on Friday, maintaining stability above the $2,300 mark and reaching $2,332, highlighting gains of 320 pips. This happened as US Treasury yields fell, benefiting the precious metals market. ...
BTCUSDT has experienced a decline following a double top pattern, breaking through the crucial support level at $67,600 – just as I had anticipated earlier. Given this scenario, BTCUSDT could potentially continue its descent towards the next target of $61,000. Trading Idea: This is my personal take on BTCUSDT’s current trend. I encourage you to share your own...
Dear traders! Overall, the recent support from below the BB channel limit at 65,500 is providing minor recovery momentum for BTC potentially up to the $67,000 resistance level. However, from the BB channel we can see that the BB band is expanding above H4. This in short, shows huge selling pressure just as I mentioned yesterday. Therefore, it would make more...
Hey Everyone, Once again another great day on the chart today with our gap above giving us the confidence to buy dips form our Goldturns, as suggested yesterday. 2296 Goldturn gave us the bounce, as planned completing 2309 and 2326 inline with our plans to buy dips and now with protected profits heading for the gap. We are happy with the catch and now closing...
Hello everyone, it's Rena here! Today, let's analyze and predict the trend for the XAU/USD. Currently, the international gold price is trading around $2,330 USD/ounce, slightly higher than the previous session. Investors are keenly awaiting the latest U.S. inflation report. If the inflation data exceeds expectations, it could bolster the demand for gold as a...
The USD/JPY exchange rate has been steadily increasing, surpassing the 157.00 level. This follows positive economic data from the US regarding inflation and employment, which has bolstered confidence in the USD. Technical analysis indicates that the USD/JPY rate has successfully broken through a significant resistance level at 157.00 and is currently trending...
Hello traders! Gold has just wrapped up its latest trading session, closing with a significant rebound. The metal surged nearly $30, reaching a level of $2,332 USD. Outlook: In terms of future prospects, the short to medium-term outlook for gold looks promising. The immediate target is set at $2,360 USD for the coming week, with potential to climb higher...
GME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH!
After the BTC price fell below the important resistance level of 65,900 on Friday, the lowest point fell to around 65,000 and is currently in a rebound phase. From the 60-minute chart, the 50-day moving average is running downward and the price is also below the moving average, which is an obvious bearish trend. Even if the price rebounds now, I am still bearish....
Dear traders! Overall, after Wednesday's surge, EUR/USD retreated and recorded large losses on Thursday. The pair came under pressure on Friday and traded at its lowest since early May, slightly below 1.0700. At the time of writing, the price is stable at 1.0702. The overall outlook from the market remains bearish as the pair continues to trade in a tightening...
Hello, favorite transactionists BTCUSDT. Today we continue to see BTCUSDT discounted, true to what I mentioned yesterday. The price is currently moving around $ 66,200. Accordingly, in short to medium term, the discount momentum is still intact, the Sell strategy continues to be targeted when considering the technical factors on the chart we can easily see: -...
Here are my LL points showing history and most recent LL. Now see what’s expected. Moving up the smart money trendline which was retraced.
The world gold price has generally increased by 1.34% over the past 24 hours, equivalent to an increase of $30.85 per ounce. It closed the recent trading session at around $1,900 per ounce. This fluctuation partly reflects investor sentiment and overall market factors. Investors remain concerned about the global economic situation, particularly inflation trends...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price started to trades inside the upward pennant, where it broke the 60700 level and then reached the resistance line of this pattern. After this movement, BTC turned around and started to decline to the support level, which coincided with the support line...