Gold Eases from Record Highs as Profit-Taking Kicks In "Gold's key role is to offset risk, whether financial, geopolitical, or volatility-related. That is not new, but sentiment has now realized it." Geopolitical events and lower interest rates make non-yielding gold an appealing investment. Recent data suggest that U.S. inflation has resumed its downward...
Hello,Friends! GBP/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
We are currently bearish on the daily timeframe and price just came into a very strong resistance level/order block with the daily stochastic RSI in the way overbought territory. I am in on shorts from 1.27500 and looking to hold it unless price says otherwise.
Hello,Friends! EUR-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.627 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/AUD pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the EUR/NZD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.770. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the GOLD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2366.520 level. ✅LIKE AND COMMENT MY IDEAS✅
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USNAS100 New Forecast The price remains under bullish pressure, aiming for further gains to record a new all-time high. As long as it trades above 18660, the bullish trend is expected to continue towards 18790, 18950, and 19100. However, if the price reverses and stabilizes below 18600, it indicates a correction down to 18435. pivot line: 18660 Resistance...
Gold fell slightly ahead of the Federal Open Market Committee (FOMC) meeting minutes. is trading lower on Wednesday after retreating from a record high set on Monday. Federal Reserve (Fed) officials warned that the central bank needs more convincing evidence that inflation is easing before it can start cutting interest rates. Gold's decline may be limited due to...
Despite a mild downward fashion at some point of the day, gold expenses commonly maintained a fantastic picture. On the 4-hour chart, XAU/USD has shaped a growing rate channel on the grounds that early May. Technically, the treasured metallic nonetheless continues a fantastic outlook because it holds above the 100-duration EMA. The RSI is withinside the fantastic...
SOYBN/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Since the shock increase and decrease on Monday following the speeches of Fed officials, the gold price (XAU/USD) has had almost no significant fluctuations, fluctuating around 2,420 USD/ounce. Many experts believe that the reason gold does not fluctuate much after officials' hawkish speeches is because the Fed's monetary policy only has a secondary impact on...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 22 May 2024 SELL LIMIT Order: $2423.36 Stop Loss: $2434.00 Take Profit 1: $2412.73 Take Profit 2: $2398.59 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
Hello, Traders! GBP-NZD will soon hit A horizontal resistance Level of 2.090 and after The retest we will be Expecting a local Bearish correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Logarithm. Large timeframe 1 week. On the chart a big bowl, you can say already with a handle, the price is testing the resistance of the previous market highs for the 3rd time (entering this zone). Breaking through it, this resistance will become a very strong support during the pumping (probability no more). Simplifying the complex is the key to...
Hello,Traders! DXY is trading in a Strong uptrend and The index broke the Key horizontal level Of 18,550 and is now Consolidating above it So we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅GBP_NZD is going up now But a strong resistance level is ahead at 2.090 Thus I am expecting a pullback And a move down towards the target at 2.080 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Dow Jones is supported by the 4H MA50 and just turned technically bullish on its 4H technical outlook (RSI = 55.413, MACD = 58.400, ADX = 34.689). As long as it does, we are bullish, aiming at another +5.03% rise (TP = 41,400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##