Currently showing strength, but I am leaving some capital for the monthly plus weekly level. For futures trade you need to see a higher high for safety. I certainly expect much more prices for Kaspa.
Where the bottom will be will be decided by the market. You can see the zones where I follow, so I will make an update
Hey Everyone,
Once again another smashing finish to the week with our Bullish targets hit confirmed with ema5 lock to give us plenty of time to get in for the action.
Yesterday after getting our lock confirmation above 2313 we confirmed the 2340 gap, which was left open and just fell short and we were looking for it to complete.
- This was hit perfectly...
As at end April 2024, the amount of gold held in London vaults was 8,552 tonnes (a 0.1% decrease on previous month), the lowest holdings since May 2020, valued at $634.3 billion, which equates to approximately 684,132 gold bars.
The market last night received information that the number of applications for unemployment support last week in the US increased...
When assessing that prospect, there are worse market indicators to monitor than the front-end of the US bond curve. As this chart shows, the daily correlation between the US dollar index and US two-year bond yields over the past quarter stands at 0.89, implying the dollar usually follows movements at the front-end of the US curve.
Gold looks great on he charts,...
Hey Everyone,
Our 4H chart is playing out perfectly in true level to level fashion.
We started the week with our first Bullish target hit at 2313. We then had the ema5 lock above 2313 opening the gap above upto 2340. This is a big gap to target and therefore using our 1H chart and smaller timeframes, we were able to buy dips safely.
Today once again we had the...
GBP/USD traded 0.3% lower to 1.2473, ahead of Thursday's meeting of the Bank of England.
The UK central bank is expected to leave interest rates unchanged this week, with speculation it could steer markets towards a cut as soon as next month - soon after the ECB is expected to cut drops on June 6.
The greenback edged better on Wednesday, bucking current weak point as numerous Fed officers organized to speak.
At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, traded 0.2% better at 105,500, off its lowest withinside the nearly a month remaining week.
The greenback obtained a small increase...
By around September, the Fed may reduce interest rates. A declining USD will pull gold prices up.
Gold is also supported by inflation and escalating prices in many countries around the world. Asian and European countries are struggling to control their currencies from plunging.
Many experts also mentioned the possibility of inflation in some countries. If this...
Hey Everyone,
Once again our plans to buy dips played out perfectly with levels being respected!!
Not much change to the chart dynamic today, as we see price playing between 2305 Goldturn support and 2321 Goldturn resistance.
Our support levels are giving us the bounces needed inline with our plans to buy dips knowing we have gaps open above and the size of...
Like her sister AUDCHF, this pair is experiences some difficulties to go higher and is at a monthly high. A divergence has formed and if the price breaks the horizontal support it is then time to sell.
TP 1 0.54
TP 2 ----> Previous monthly low (around 0.564)
Gold fell again despite falling Treasury bond yields. From an overall perspective, gold continues to struggle after its recent pullback.
The most recent support for gold is in the $2,295 – $2,305 range. A move below $2,295 would bring gold towards support at $2,190 – $2,200.
Gold prices fell slightly in Asian trading today, having mainly received limited support...
Japanese Yen weakened after intervention, USDJPY increased
Markets are now looking for more information on Japan's inflation and wage growth to gauge whether the Bank of Japan will raise interest rates further this year, which is expected to bring some relief for the Japanese currency.
Hey Everyone,
Another great day on the chart today buying dips inline with our trading plan and route map.
Yesterday we hit our 2305 Bullish target and 2321 confirmed with ema5 lock, giving us plenty of time to get in for the action.
We also had ema5 lock above 2321 opening the next range upto 2346. However, it was a big gap and we also needed to consider the...
The dollar index and dollar index futures both rose 0.1% in Asian trading after falling 0.8% last week. The greenback fell on weaker-than-expected non-farm payrolls data in April.
The data reinforced expectations that a cooling labor market will give the Federal Reserve more incentive to start cutting interest rates. CME's Fed rate tracker shows traders are...
Hey Everyone,
Great start to the week with our 1H chart idea playing out, as analysed.
We started with our 2305 Bullish target hit followed with ema5 lock above 2305 opening 2321. This was then hit perfectly completing this target with plenty of time to get in for the action.
We now have ema5 lock above 2321 opening the next range upto 2346. Its over 200 pip...
World gold spot price is around 2,306.4 USD/ounce, up 5.4 USD/ounce compared to last week. Gold futures price in June 2024 on the Comex New York floor is at 2,304.7 USD/ounce.
Last week, the world gold price in the first session of the week traded at 2,335 USD/ounce. After that, the gold price could not be kept above 2,340 USD and began to decline, the lowest...
Chantell Schieven, Head of Research at Capitalight Research, said that the gold market is starting to enter a period of seasonal weakness. In this environment, gold prices are likely to fall back to $2,150/ounce.
According to Marc Chandler, Managing Director at Bannockburn Global Forex, gold prices may decline in the short term. Gold prices can trade in the...
