Hello dear readers, What are your thoughts on today's gold prices? Currently, gold is trading around $2,318 per ounce, reflecting a slight decrease of 0.17% within the day, with a nearly $5 drop at the time of writing, and it remains on a downtrend. This precious metal has seen a significant decline following profit-taking actions from investors as it failed to...
New Thread ok everyone our levels for April 21st are Bulls calls over 502.50 price target 504-505 max508 maybe unlikely wouldn't count to much on the upside targets Bears short everything under 502 price targets 495-490-485 and as low as 480 this week my scenario playing out this week is a range 488-500 max this is what I anticipate the week forecast stuck in...
Today, BTCUSDT continues its recovery from last week's tumultuous conditions. The price has been moving steadily within a trading channel and showed a notable bounce after touching the lower boundary. The immediate goal appears to be a continued recovery, with buying strategies being emphasized as BTCUSDT aims for the upper limit of the parallel channel,...
Hey Everyone, Yesterday we had EMA5 cross and lock below 2371 opening the retracement range 2355 and 2333. - Both levels were hit. Today we had the lock below 2333 opening the swing range levels below, which we said will allow us to buy dips on bounces on the Goldturns. - Each of the Goldturns withing the swing range gave nice bounces inline with our plans...
Hello dear traders! Do you think XAUUSD will increase or decrease? Overall, XAUUSD continues its corrective trend in today's trading session. But at the same time, a Double Top has appeared on the 3-hour chart, capped below the resistance level of 2330-2335 USD. It is worth noting that the mentioned support zone is believed by investors to be a very strong...
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
Hello friends! Currently, BTCUSDT is still continuing its recovery trend, with prices above the $66,000 mark. Specifically, it is trading at 66,730 USD, up 0.47% on the day, and the uptrend is still popular with medium and long-term investors. Observations across different time frames show that BTCUSDT is making significant progress, with a promising bullish...
Hello dear traders! XAUUSD touched 2317 USD continuing its downtrend as the market gradually eased concerns about escalating tensions in the Middle East. This means that gold - which is considered a risk haven - has lost its position. Regarding impact news: comments from US Federal Reserve (FED) officials suggesting there is no urgent need to cut interest rates...
Hello dear traders! Today, BTCUSD continued to recover from last week's chaotic fluctuations. The price has remained stable within its trading channel and has shown an impressive recovery after approaching the lower boundary of the channel. At the same time, a bullish flag is gradually forming. Theoretically the price will quickly break the upper limit of the...
Pair Name : EUR/USD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break...
The price of gold experienced a modest decline towards the end of Tuesday's trading session in the U.S. after reaching a high of 2,334 USD. During the Asian trading session the following day, XAUUSD continued to drop to 2,323 USD, marking a decrease of 0.11%. Despite the weakening of the U.S. dollar following the release of weaker-than-expected U.S. PMI data, gold...
The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC! It's also...
Hello dear traders! So, as my previous prediction, after a long period of decline EURUSD has ended by increasing at a high level, currently trading at 1.0690. It can be seen on almost every timeframe that EURUSD is making significant gains, indicating a very positive price outlook. So do you wonder why the EU increased so strongly? On impact news: Another...
Hello everyone, what do you think—should we buy or sell gold today? Currently, gold is trading around $2,323 per ounce, showing little fluctuation since the start of the day, with a continued downtrend. Gold has weakened as tensions in the Middle East show signs of easing and investors are taking profits and reducing leverage in their trades of this precious...
Hello everyone, Today, EUR/USD remained above the psychological barrier of 1.0700 during the early Asian trading session on Wednesday. Weaker-than-expected April PMI data from the U.S. pushed the dollar lower, providing support for this currency pair. From the technical analysis chart: The price rebounded from the lower boundary of the parallel price channel and...
Hello dear traders! GBPUSD is still in a downtrend. Currently, it trades at 1.2430, with strong support at 1.2338. The pair is looking to overcome resistance at 1.2553, but this remains a major challenge. Regarding international market information: The US dollar is falling, and the risk sentiment in the market is supporting GBPUSD. Mid-term investors are waiting...
Hello dear traders! Overall, we see a trend change, then the market moves into a consolidation phase and reaches 157.12. Sellers have less and less chance to hold the resistance zone because the uptrend is so strong. According to statistics, the strongest fluctuations are after a breakthrough. In the current scenario, as long as the 146.50 support level holds, a...
Gold prices stabilized after hitting a more than two-week low as concerns about escalating tensions in the Middle East subsided, while investors await key economic data to further clarify the timing of interest cuts. US capacity. Markets are also paying attention to signals from the United States, with US inflation data and a Federal Reserve statement suggesting...