Hello dear traders! In general, XAUUSD continues to maintain at the historical peak. Although it closed at the weekend around 2,392 USD/ounce, down from the peak of over 2,400 USD/ounce set yesterday, world gold prices are still around the highest level in history. The need to buy gold to shelter capital in the context of the tense conflict between Iran and...
#BSE CMP 2768, broke out on 1st April 2024 and since then has been consolidating in a small range of 2900-2700 and has made pole n flag structure along with an inside candle pattern. Breakout above 2894 can take it towards 2971/3005(imp level)/3093/3256/3435/3529/3663(imp level). Below 2529 it will become weak.
Hello dear friends! Breaking out of the bullish channel pushed the pair significantly negative. Overall, the EURUSD downtrend continued last week. Strong support at 1.0755 failed to turn the EU around and the downtrend continued to persist. The EU has now paused trade at 1.0652, marking a 0.08% gain on the day. The trend from last week was mostly consolidation...
Hello dear traders, please join me and plan your newdays strategy with me! Overall, BTCUSDT continues to show weakness on Friday! The price quickly retraced the decline to $63,900 but remained stuck in the down trend. Technically: The 1D setup shows bearish market resistance along with a strong EMA 34.89, which creates an equivalent reaction (reinforcing the...
Hello dear traders! Overall, GBP/USD remains vulnerable near 1.2400 early Friday, at a five-month low. UK Retail Sales data was mixed and added to the pair's weakness. Risk aversion when escalating in the Middle East puts this couple at a disadvantage. Given the fundamental backdrop, traders expect just two rate cuts from the Fed instead of the expected six by...
Hello friends! As James mentioned in the previous analysis EURUSD is currently in a recovery phase with the market correcting and capturing liquidity receiving support at 1.0660. However, overcoming the 1.0750 resistance level remains the challenge and target. On the news impact: EUR/USD continues to ease around 1.0640 after retreating from Friday's weekly peak...
Hello everyone, please summarize and strategize for the new week with me! So what is the reason why gold prices increased so sharply? Higher gold prices only stem from escalating geopolitical tensions in the Middle East after Israel is planning to retaliate against Iran after it launched a major attack over the weekend. Regarding the new outlook for XAUUSD:...
EURUSD concluded the final session of the week with a gentle recovery, gently climbing in a corrective wave, currently pausing at the 1.065 level. Despite some recent progress, the outlook for EURUSD remains challenging: The price continues to fluctuate below the two EMA lines, and this currency pair has missed several recovery opportunities after breaking...
#ETH is currently staying above a support level that has held for 183 days, and the 100-day Simple Moving Average (SMA) is also acting as support. As long as we remain above this support, things look positive for a potential bounce back up in price. However, if the price falls below this level, we may see some corrections. Keep an eye out for further...
Hello dear friends! It's a pleasure to meet you again and discuss with you in today's chat. As such, XAUUSD continues to consolidate at high levels with continued growth, without a false break of the uptrend channel occurring, it is currently touching $2406 at the time of writing, marking an increase dramatic 1.13% on the day. The growth scenario at this time is...
Hello dear friends! Overall, XAUUSD has experienced significant fluctuations with price increases surpassing the $2366 mark. It is currently trading at a new high of $2,381, after hitting $2,431, marking a 0.09% gain on the day. Recently, gold has had difficulty maintaining its peak of $2,431. Gold's upward momentum is hindered by many factors, including news...
Today, Bitcoin price (BTCUSD) saw a bearish correction, trading around the 34 and 89 EMAs, with the current price at $63,597. Here is my trading strategy recommendation for BTCUSD: Strategy: Sell BTCUSD Stop Loss (SL): Set at 65,040 USD to limit risks. Take Profit 1 - TP1: 62,100 USD, where you can start taking profits. Second Take Profit Target (Take Profit 2...
Hi everybody! Overall, the Uptrend continues to develop at high levels, XAUUSD is currently stalling after a strong rally around the $2392 area marking a 0.55% gain on the day. But the surprising thing is that the $2,400 mark has not yet been surpassed. Clearly, the energy has run out and the market maker is trying to hold above the $2365 mark with help from the...
Hello all dear traders, what do you think about the next trend of world gold prices at the end of today's trading session. Let's review some notable news and plan our new day's strategy, everyone! Overall, the uptrend of XAUUSD remained intact without too many significant fluctuations. There was a time when gold reached 2410 USD and fell to 2373, marking a...
Gold prices rose in today's session, marking the fifth consecutive weekly increase, fueled by concerns over potential retaliatory measures between Iran and Israel, which have spurred demand for safe-haven assets. Currently, gold has climbed 0.55% to $2,392 USD/ounce as of 1:45, after peaking at $2,417.59 earlier in the session. The price has risen 2.2% this week...
Hello dear traders! Currently, ETHUSDT remains constrained below the old support level at around 3272 USD, since the market witnessed a previous price slide. This resistance level plays an important role in controlling the price; If the price breaks above this level, we will likely see a significant rally, while prices remaining below this level could continue to...
Hi everybody! Thus, after a long period of decline, XRPUSDT has had significant achievements trading at a high level with stable trading activity on the H4 chart. Currently, XRPUSDT is consolidating around the 0.5470-0.4692 area with a bullish outlook, following which a bullish hammer candle has formed, indicating a very positive bullish outlook. With XRPUSDT...
I recently Shared NearBTC and gave you some short term targets for Near. In a few week Near will climb through 16 to 20. According to Elliot waves theory, Near has finished its own corrective move. It's time for a bull run now. Targets specified on the chart before this post. Main target 16. Good Luck To Us All.