All technicals shows that OANDA:XAUUSD will keep running higher and higher , fundamentals too as we can see this is a war cycle , first ukraine then gaza those are a real factors that will push the gold higher and higher , the chart shows a strong bulls breakout . For me this week will probably see 2100 !
Greetings, Fellow Traders,
Technicals and Chart Explanation
Trendline: A trendline is a diagonal line connecting at least two price points, typically peaks or troughs, to determine the overall direction of a trend. In this case, the downward trendline suggests a prevailing bearish trend in USDJPY.
Resistance: Resistance is a price level where...
Today, let's shine a spotlight on BEAMX, an emerging star in the crypto galaxy. Despite being a newcomer, it's showcasing unmistakable bullish vibes, setting its sights on the $0.5 milestone. Join me as we explore the promising trajectory of this budding coin! 🌌📈
BEAMX's Stellar Prelude:
Genesis of Optimism:
Fresh Arrival: BEAMX has recently entered the crypto...
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Gold rallies toward 'golden cross' after defying bearish signal
Nov 29, 202316:08 GMT+5
By Myra P. Saefong
Precious metal trades near highest since May
Gold futures have climbed to their highest prices since May, just eight weeks after a death cross in prices signaled the potential for...
Investors in Asia, meanwhile, took comments from erstwhile Federal Reserve hawk Christopher Waller as perhaps a signal of another era-shift, as he flagged that U.S. interest rates could be cut in the months ahead.
A rally in bonds and slide in the dollar that has run for weeks in the afterglow of a benign U.S. inflation report extended in Asia in the wake of...
EURJPY underwent a correction at the onset of the Tokyo trading session following the release of Japan's National Core CPI data on November 24, 2023. Despite the data indicating a slight increase from the projected 2.8% to 2.9%, it's crucial to note that this led to only a minor correction in this currency pair. This correction aligns with market movements...
Binance Coin (BNB) is gearing up for a spectacular ascent, fueled not just by its technical strength but a reservoir of liquidity waiting to be unlocked. The recent legal resolution in the U.S. is adding another layer of intrigue to BNB's narrative. Let's delve into the liquidity dynamics and the implications of the legal verdict on BNB's trajectory.
The USD/CAD pair has attracted buying interest, maintaining modest gains just below the 1.3700 level. Declining crude oil prices and the strengthening of the US dollar contribute to this dynamic. From a technical perspective, the 50-day Simple Moving Average (SMA) support has been defended, but the lack of sustained support requires caution. A break below the...
Here is all you need to know about Angel One:
- With Financial services gaining momentum, Angel One is definitely a good bet
- It consolidated for good 2 years in which it trapped bulls once, only to get back in the zone
- It recently gave in a breakout and sustained above the resistance zone
- BUT, Today NSE barred it from onboarding any new APs for a period of...
So, what's the best way to play FOMC? Probably a strangle. According to last FOMC on 9/20 your NASDAQ:QQQ calls would have printed around +50% or more.
Assuming you sold and held your puts, your puts would have given you an extra 200% to 300%.
You can do this on any stock obviously. Don't get greedy. Best decision might be to stay out of course.
Hey traders, welcome back.
The dollar is increasing heavily to the upside as I make this video.
Now we don't know how price will close but it is important to watch how she closes today.
If price continues this could affect the major currency pair market in a mighty way.
All Base dollar pairs could continue to increase while Quote dollar pairs could continue...
Avax is a very good investment for Short and Long Term because it is fundamentally strong and always follows its Trends & Patterns. I think we only have two opportunities to enter in Avax otherwise, we cannot catch this giant after breakout.
Monthly resistance for gold is around 2050. I think in time, hopefully by month end gold will be back up at this area.
Following on from the news, Biden has sent $100m to Palistine as aid. This will effect the dollar price, and theoretically push gold further up.
We have seen strong bullish movement with gold, Powells speech yesterday has caused a nice rise too....
The recent conflict in Palestine/Gaza appears to be tapering off, even though Israel's TA35 stock index is teetering on the edge of a potential downturn. This shift in the market has brought gold to the forefront as a reliable safe haven for investors, with its value consistently holding strong. This indicates that gold has become a preferred choice for many...
We can see golds holding above this 45 zone, which is a good indication of price to push higher. Possibly back to 1960. A lot of wicks at the moment so I wont be entering as of yet. London is about to open soon, I will hold off until then, then look to enter in longs as its still in an overall bullish trend.
Last Technical Tuesday went really well for 380 pips. Waited patiently for any set ups I like, fundamentally and technically speaking this all Im liking at the moment. Feels like Gold should continue upward momentum.