Dear beloved friends, Currently, the price of gold is experiencing an upward trend, reaching above the threshold of $1,900 per ounce in the trading session on October 13th. It has closed at its highest level in three weeks, driven by the escalating tensions in Israel, which have increased the demand for gold as a "safe haven" during times of uncertainty. As the...
Hello dear friends, Currently, USD JPY is trading extremely tense as it approaches the 150.000 area. At the time of writing, UJ is trading at 149.897 and still rising. The question we pose today is whether this currency pair can overcome this strong resistance level or not? From a personal standpoint, Karina still holds a high possibility that UJ will be able to...
Dear friends, in general, EURUSD continues to show a range-bound movement. Looking at the technical picture of EURUSD on the 4-hour timeframe, we can see that it has formed a flag pattern and is currently facing resistance at the 1.0550 level. Currently, EU is trading around the support zone of 1.052 with a slight recovery. However, in the short term, after rising...
Dear friends, Today, Gold rose nearly $30 due to escalating conflicts in the Middle East and the possibility of the Fed halting interest rate hikes, just as predicted yesterday. As a result, financial investors are concerned about the risks and have started selling stocks. Consequently, the US and European stock markets are engulfed in red. The Dow Jones index...
The price of Gold reached a new high in 4 weeks at $1,943 on Wednesday before entering a consolidation phase. Despite a slight decline, the Gold price remains steady around $1,930, currently trading around $1,935. Gold traders are anticipating a series of speeches from the Fed for the next price hike, preparing for Federal Reserve Chairman Jerome Powell's speech...
Hello everyone, Precious metals experienced a slight correction today, with a decrease of $20 or -1.04% compared to the previous trading session. Gold price forecast: 14 Wall Street analysts participated in Kitco News' gold survey. 72% of the analysts expect gold prices to increase in the near future, while 14% predict a decrease and the remaining 14% believe...
Dear friends, today Gold continues to rise strongly due to its close relationship with the rapidly increasing oil prices. The price of Brent crude has reached over $92 per barrel, while WTI crude has surpassed the $88 per barrel mark. At the time of writing, Gold is trading around $1948 - $1950. It can be seen that Gold is trading relatively calmly with a stable...
Hello dear friends. Today, gold continues to trade steadily around the price range of $1915 after experiencing a strong increase last Friday. From the observed 4-hour chart, we can see that the "Cup and Handle" pattern has formed. It is expected that a slight price decline will occur if the pattern is completed, followed by an anticipated increase with...
Hello everyone ! Yesterday, gold experienced a significant price increase and is currently trading at $1940, up approximately 0.08% from the previous day's trading session. Reasons supporting the rise in gold: - Firstly, after the retail sales report yesterday, investors are concerned that the Federal Reserve (Fed) may raise interest rates further, leading to a...
Hello traders! On the last trading day of this week, the GBPUSD market continues to lack significant breakthrough movements, with prices remaining relatively stable. However, this currency pair is facing upward pressure from the weakened US Dollar (USD) following comments made by Federal Reserve Chairman Jerome Powell. With the current support level at 1.210, a...
Hello dear traders! BTCUSD is emerging as a focal point for investors seeking growth opportunities and capital preservation. Currently, BTC is trading at $28,079. It can be seen that this currency pair is recovering after breaking free from the psychological barrier with a downward channel pattern. It has made a breakthrough at $27,734. The current environment...
Hello dear friends! Today, the BTC is holding its price increase well after surpassing the resistance level of 28,000. It is currently trading at around 28,475 USD. On the upside, the immediate resistance level is near 28,550 USD. Additionally, there is a short-term narrowing triangle forming with resistance near 28,500 USD on the 1-hour chart. The next...
Hello all of you! Let's explore the market with Alselv. Currently, the UDJPY pair is consolidating its price increases after trading sideways for several days. It is currently trading at 148.87 USD. In the long term, the pair is expected to increase due to positive risk sentiment caused by the conflict in the Middle East. EU buyers are pushing the price up to...
Dear friends, it appears that BTC continues to rise as predicted, reaching an estimated 29,000 USD and currently trading at 29,215 USD. Digging deeper into specific details, if the price violates the 28,550 USD level, analysts believe it could act as a catalyst for further price fluctuations. On the other hand, maintaining this upward momentum for BTC almost...
Dear friends, currently, there is no change in the USD/JPY compared to yesterday's session. The downside of this currency pair may be limited due to the increase in US Treasury bond yields. At the time of writing, the USD/JPY is trading around 149.76. It is expected that the USD/JPY pair will continue to rise towards 150.00 and potentially reach the high level of...
Hello dear friends! Currently, the recent recovery of USD/JPY has stalled as it fluctuates around the strong resistance level at the psychological mark of 150, not far from the highest level of 152.00 in 2022. However, there are no signs that could cause USDJPY to reverse and decline significantly. Furthermore, this currency pair is receiving support from a...
Hello dear friends! It can be seen that in the past few days, the expectation for USDJPY to surpass the 150.000 level has not been realized yet. The trading and movement trend of USDJPY seems to have become quieter when faced with this strong resistance level. This is clearly reflected on the chart as the Bollinger Band is gradually narrowing, indicating that...
Hello dear friends! Today, GBP/USD continues to suffer losses for the second consecutive day, trading at lower levels around 1.230 during Wednesday's trading session. Optimistic economic data from the United States has put pressure on the currency pair, causing it to decrease and trade at 1.219 at the time of writing. It can be seen that GBPUSD has made efforts...