Gold prices today (March 18) in the world continued to decline deeply at the beginning of the session. Experts say that gold prices are under strong profit-taking pressure as the USD continues to rise before the Fed meeting. According to the World Gold Council, gold prices have increased sharply in the international market recently due to increased demand in the...
Gold prices today (March 16) in the world continue to decline deeply, after the US announced more positive economic information. The USD continues to strengthen, causing investors to continue taking profits from gold. The world financial markets received more positive economic information from the US. Specifically, the US economy announced that monthly industrial...
At the weekend session, the world gold spot price was around the threshold of nearly 2,156 USD/ounce. Compared to last week's closing session, world gold prices have dropped sharply by more than 23 USD/ounce. Last week, world gold prices were under pressure from US economic information published in February that was more positive than the previous month....
Today's world gold price is listed on Kitco at 2,175 USD/ounce, up 17 USD/ounce compared to early yesterday morning. World gold prices rebounded due to the weakening of the USD as investors still hope that the US Federal Reserve (Fed) will cut interest rates in June despite high inflation in the US. Meanwhile, escalating geopolitical tensions cause safe-haven...
The market tested the resistance zone twice, then pulled back to the support level. FX:EURUSD is moving sideways. If you notice that the price action formed a range, it broke it only after it formed another range zone. On the weekly timeframe, we have an inside bar. I think the market might retest the middle of the range zone, which is going to be a liquidity...
Nasdaq (NDX) started a correction last week (see our March 12 idea below) which was after a rejection at the top of the multi-month Channel Up that transitioned into a Head and Shoulders (H&S) on the lower time-frames (4H) and broke below February's Channel: Despite the early bounce today, we don't expect this correction to be over, but won't be a lengthy one...
In my previous analysis of BITSTAMP:BTCUSD , I expressed my expectation for Bitcoin to reach a new all-time high, which indeed occurred as the price broke above 70k and sustained that level for several days. However, following a brief test around 74k, the price began to decline and fell back below 70k. Now, a crucial question emerges: Is this a change in the...
Last week's pullback from the 2185 resistance zone resulted in sideways movement instead of a clear pullback. The market remains within the range established on Tuesday. If OANDA:XAUUSD falls lower, a complex pullback could form. On a daily timeframe, this may resemble a fakey bar setup that involves a level rejection and support level bouncing. I expect the...
Avalanche (AVAXUSD) has been trading within a Channel Up since the October 19 2023 Low and at the moment is halfway through its 2nd Bullish Leg of the sequence. So far it has been replicating to a fair extent the previous Leg, trading above the 1D MA50 (blue trend-line), which shouldn't be touched again before the next peak. If it continues to repeat the...
In my Friday post, I mentioned that I'm cautiously bearish on OANDA:XAUUSD , highlighting the possibility of a descending triangle forming. Indeed, the price once again failed to break above the descending trendline and closed the day just above the horizontal support of the triangle. Today, as the market opens and the Asian session begins, we observe a break...
The S&P500 (SPX) broke on Friday below the 4H MA50 (blue trend-line), which isn't yet a bearish confirmation as it has done so numerous time within December's Channel Up pattern. What would be a sell signal though, is getting rejected and fail to close a 4H candle above the 4H MA50 again. We will then look for the 4H MA200 (orange trend-line) and target Support 1...
Hi Traders ! The USOIL Broke a Strong Resistance Level (80.64 - 79.94). This Resistance Level Becomes a New Support Level. So, I Predict a Bullish Move 📈 ------------ TARGET: 82.40🎯
My dear subscribers, This is my opinion on the EURUSD next move: The instrument tests an important psychological level 1.0887 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0914 About Used Indicators: On the subsequent day,...
Hello everyone, let's discuss and strategize together today! In general, XAUUSD is still within a tight downward price channel from its all-time high of $2195. Since surpassing the support level at $2175, it has been leaning towards a correction. It is currently trading around $2156, with a drop of $7 from its pause at $2163. This week, the price of Gold will be...
Gold prices fell nearly 2,155 USD in early trading on Monday in Asia. The FOMC will likely leave interest rates unchanged at its March meeting on Wednesday and will be in no rush to cut rates. Chinese policymakers emphasized the need to continue implementing proactive fiscal policy and strengthen the country's economic recovery. China's February retail sales and...
According to the previous analysis, now with more than 110% growth since the time of the analysis, which is in the ascending wave 5, it can continue until the area of 2.618 or the next supply area of this extension of the wave, which will reach the major ceiling area, which is an important supply area. It will be and after that I expect a correction wave after...
Market structure showing us a sell of with a broken trend line and retest of the trend line, market broke structure as well and coming back to retest this zone. lining up with London session hoping for some Volume to push the market down. great risk to reward setup.
My dear friends, Please, find my technical outlook for SPY below: The price is coiling around a solid key level - 509.75 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 512.59 About Used Indicators: The pivot point itself is simply...