Preferred direction: BUY Comment: The New Zealand dollar almost completely copies the situation with the Australian dollar . Here, we also continue to adhere to buy-priority in the medium term. It should be noted that both of these currencies are currently having the best setup for buy among others majors, but even this does not exclude potential short-term...
Preferred direction: SELL Comment: The week for gold begins with another update to its historical maximum. At the moment, the market is witnessing a climax of buying, against which a downward reversal can be expected. The approximate reversal area is located at the level of 2300 . According to scenario №1 , a movement towards this level is expected before...
Preferred direction: BUY Comment: The British currency showed resistance against the US dollar last week, but short-term weakening is not excluded (scenario №2) . Medium-term prospects remain in favor of the buyer, and an approach to the level of 1.28000 is still expected. Scenario №1 is a higher priority, but a potential short-term weakening and fall...
FX:XAUUSD has been reaching 2265 since the open. The price is moving out of the ascending price channel, which indicates a strong bull market. But, there is a huge imbalance area forming below, which can be liquidated before further growth. The dollar is also strengthening and the market is waiting for bullish news on the index today. In this case it may give...
Dear Colleagues, I assume that the price is in the ending diagonal. This means that the price will update the maximum a little more, after which I expect the price to decline to the support area of 2153.085. I expect the 5 wave structure to complete the formation. Watch for updates of the idea, the price may start moving towards the target, so I do not recommend...
Hello traders! Entry: 2271.00 SL: 2274.00 TP: 2227.80 Wait for the break! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
#XAUUSD 2024.4.2 📉Market Direction Today, the opening price of the gold gate is above the pivot but below the POC. I like the direction of the POC better so my opinion is BEARISH. We have 2 untested virgin POC at 2214 and 2193 so I expect the price will come back here to test before returning to the main trend which is up. 📉Zone Analysis - 2261: zone m15 -...
XAUUSDis rising toward a pivot that is close to the 78.6% Fibonacci retracememt and could potentially fall to a pullback support level Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level above the 127.2% Fibonacci extension Pivot: 2257 Support: 2223 Resistance: 2277 Risk Warning: Trading Forex and CFDs...
Focus on data this week: On Monday, the U.S. ISM manufacturing PMI in March and the U.S. construction spending monthly rate in February On Tuesday, U.S. JOLTs job vacancies in February and U.S. factory orders monthly rate in February On Wednesday, U.S. ADP employment numbers in March, U.S. ISM non-manufacturing PMI in March, EIA crude oil inventories,...
Dear friends, the current gold market has become an irrational market due to risk aversion and trend-following sentiments, so it is relatively more complex. Gold hit a high of 2265 overnight and then fell back. Then gold stopped falling near 2229 and then rebounded slightly. As of now, gold is trading near 2251. According to the current gold trend, there is no...
World gold price stood at 2,233 USD/ounce, up sharply to 43 USD/ounce compared to the same hour yesterday morning. This is the highest price in the history of world gold, and is also the best month of gold performance over the past 3 years. Gold prices soared in the context of the world market last night recording good information about US GDP. Specifically, the...
The world gold price stood at 2,233 USD/ounce, unchanged at yesterday morning's price because the world market was closed for Good Friday and Easter. The gold market continued to show strong momentum as it ended the month and quarter near record highs, firmly above $2,200 an ounce. According to Kitco expert Gary Wagner, an important factor pushing gold higher in...
Dear friends, today we shorted gold in the 2263-2265 area and set TP: 2245, making a profit of 18 points and successfully making a profit of 10K, which is a good gain. After touching 2245TP, I used small batch trading lots to chase short gold at 2246 and 2237 respectively, and set TP: 2225. Because gold only touched the lowest position near 2228, these two...
Dear friends, today we shorted gold in the 2263-2265 area and successfully made a profit of more than 10K, which is considered a good gain. After hitting the TP with this transaction, I used small batch trading lots to chase short gold at 2246 and 2237 respectively. Although these two transactions have not ended yet, overall there is still a floating profit of...
Yes yes, we know... this is rather a glum view of the market BUT, we'd rather be open to every possibility so that we're not taken by surprise. According to Elliott Wave Theory, it's often the case that if Wave 2 is a simple correction, wave 4 turns out to be a complex correction. This seems to be what we're seeing right now. Wave 2 was a simple ABC correction...
Gold is trading inside a Channel Up, making today a new Higher High. This is a sell signal, as long as the price doesn't break higher. The minimum decline/ Bearish Leg inside this pattern has been -2.30%. Trading Plan: 1. Sell on the current market price. Targets: 1. 2215 (-2.30% from the top). Tips: 1. The RSI (4h) crossed under the MA trendline. This has been...
After the rise of gold and the fall below the trend line that we expected to fall, we can enter sell positions again and place the Stop loss at the bottom of the chart at the 2270 So, this analysis is a continuation and confirmation of the previous analysis so that we can have more reliable sales with the updated idea.
Hello traders, Bitcoin is moving inside the 60k- 74k range making a complex ABC correction. We are currently in wave B and expecting it to finish above the recent all-time highs and at the -1 Fibonacci level. Short Entry: - Watch the rejection at -1 fib level - Entry at breakout of ascending trendline - Stoploss: Above the highs after entry - Target:...