The greenback continues to weaken but gold is not really benefiting Gold price is currently quite calm around the 2,305 USD mark. Optimistic market sentiment, falling US government bond yields and a weakening USD are the factors that are having the main impact on this precious metal. Investors are continuing to evaluate Chairman Jerome Powell's comments on...
World gold prices decreased amid an increase in the USD index. Recorded at 5:00 p.m. on May 2, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 105,665 points (up 0.04%). World gold prices soared and then quickly decreased after the US Federal Reserve (FED) kept interest rates unchanged and took a less tough attitude....
XAU/USD has met the minimum requirement to complete a bearish "Measured Move" pattern after reaching the 0.618 Fibonacci level of wave C at $2,286. This means that gold prices will likely go up in the near future. This pattern is made up of three waves in a zig-zag pattern. The end of wave C, which is also the final wave, can be estimated based on the length of...
Hello traders! Today, we're witnessing further weakness in BTCUSDT, with the coin currently down by more than 0.73% for the day, trading around $57,960. From a technical perspective, BTCUSDT is poised for potentially greater declines after the bears successfully breached the strong support level around $61,000. Currently, the technical landscape does not offer...
Hello wonderful friends, What are your thoughts on today's gold prices? After a significant drop to below $2,282 yesterday, gold has made a slight recovery today, moving back above the $2,310 mark. This rebound is driven by a sell-off in the US Dollar and US Treasury yields following dovish comments from Fed Chair Powell regarding the future of interest rates....
In this analysis I want to elaborate further on my previous analysis where I talked about the daily RSI of BTC almost being oversold, which is historically a great time to buy during bullish long-term trends. As seen on the chart, I'm looking at both the RSI and the diagonal purple trendline. Ideally, the daily RSI will be lower than 30 and BTC will be trading...
Hello traders! ‼️ This is my perspective on EURNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I wait price to go a little bit lower to fulfill the imbalance and then to reject from institutional big figure 1.80000 + FIBO 0.618 level. Like, comment and subscribe to be in touch...
AUDCAD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short AUDCAD Entry Point - 0.8950 Stop Loss - 0.8972 Take Profit - 0.8909 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello everyone! What do you think—should we buy or sell EURUSD today? Let's delve into this currency pair! Currently, EURUSD is on a continuing downtrend that has lasted for several months now, and past recoveries appear to have merely served as corrective waves. The latest recovery also faced a similar fate, stalling as prices reached the retracement zone around...
Considering the status of gold, which was moving in a long-term uptrend line and now that trend line has been broken, we should expect a significant price decrease from it.
Hello TradingView Family / Fellow Traders, 🚀After a massive 108% surge, HBAR rejected the $0.15 - $0.17 resistance zone and is currently in a correction phase. HBAR is now approaching a strong demand zone marked in blue, so we expect the bulls to kick in soon, as long as the demand holds. 📈 For the bulls to take over again, we need a momentum candle close...
Hello everyone, it's Brian here. Today, XAUUSD saw a recovery during the Asian trading session, but as we moved into the European session, the price began to decline again. At this moment, gold has lost nearly $13 and is currently trading around $2307, marking a 0.51% decrease for the day. The downtrend in gold continues to be significant as the technical charts...
Hello everyone, let's delve into today's gold prices! After hitting a low of $2,282 yesterday, gold has somewhat regained momentum, surpassing the $2,300 mark and currently fluctuating around the EMA 34 and 89 lines, with a price around $2,318 in the early hours of Thursday. Gold is still undergoing a correction phase, especially after the Federal Reserve...
Hello everyone, Today, the GBP/USD pair saw an uptick, approaching 1.2535 at the start of the Asian trading session. This rise is primarily fueled by a sharp decline in the US Dollar (USD) following the Federal Reserve's decision to maintain interest rates. From the technical charts: GBP/USD has left its previous downtrend behind, embarking on a new upward...
Hello everyone, Today, EURUSD continues to hover around the familiar level near 1.071, still entrenched in a long-term downtrend. On the trend front: We are anticipating important updates from the Eurozone with the release of the HCOB Manufacturing Purchasing Managers' Index (PMI). This data could provide fresh insights into the next moves for EURUSD. In the...
Dear friends and companions: My technical analysis is based on trend line and also smart money. A suitable point for sale with r/r=5 At the same time, there is a possibility of an increase in the American interest rate and the strength of the dollar. So I will only sell
AUDJPY Analysis On the 1 Hour timeframe, price has rejected off a high probability orderblock and coming lower after a strong rejection off the orderblock. There are 2 scenarios i am looking at: 1) Price comes down and breaks the most recent higher low at 102.204 to look for a break and retest on the 1 hour to continue shorting. 2) price to respect the 1...
Hello everyone, Brian here! Yesterday, XAUUSD closed stably around $2338, largely unchanged from last week despite significant economic reports, including Friday's PCE index. The overall PCE index rose by 0.3% from February and 2.7% year-over-year. Adjusted personal consumption expenditures increased by 0.5% from last year, marking the largest increase this...