Gold has delivered impressive gains of over 18% so far in 2024, and June looks promising for investors. With finite supply and fluctuating demand, gold prices are sensitive to economic and geopolitical news. This video dives deep into the current market dynamics and what to expect in the coming month. In June, geopolitical unrest could significantly impact gold...
In this video, we delve into the recent surge in Gold’s price, breaking above $2,400 on Friday, driven by speculation that the Federal Reserve (Fed) might start its easing cycle in September. But is this just a temporary spike, or the beginning of a powerful gold bull run? 🤔 To navigate this market, we need to have a deep insight into the market dynamics driving...
CRV's low time frame shows a high possibility for a new trend increase which could be confirmed in the coming time frames. We will follow up on this coin to see if it's able to be confirmed.
The market is a discounting mechanism. When prices rise too high, buyers start taking profits, aiming to buy at lower prices during an uptrend. This behavior sustains the trend. In USD/JPY, this concept is evident. The swing low at 160.26 attracted strong buyers, pushing the price above the previous high, creating a new higher high. At this peak, buyers no longer...
NZDCHF likely to go further up. If it continues, will test 4 hr resistance area. There is no divergence on RSI and already broke the previous support area. Buy Entry can be taken at FIB level of 0.5 with stop loss on previous LH.
The U.S. dollar made a strong comeback on Friday as the latest economic data revealed a much higher job creation rate than anticipated. The U.S. economy added 272,000 jobs last month, significantly surpassing expectations. This robust job growth suggests that the Federal Reserve might delay starting its easing cycle this year. Additionally, the average hourly...
The 3rd wave has most of the time the best experience cause this move should create greed. So this will be a strong steep push if it plays out like I'm expecting.
Greetings, Traders! Brief Description🖊️: Currently, on XAUUSD, I am observing bullish momentum entering the market. The price has retraced into discount prices of the impulsive leg, taking discount sell stops multiple times, which suggests order pairing. This occurs within discount prices, where the logic is to buy in discount prices and sell in premium...
The GBPUSD has made a wave structure (3) which signifies a strong up-trend is ongoing and we should be expecting a test or a break of the high. The Current price area is a High probability Buy Zone using the Fibonacci. Buy Profit Targets : T1 1.2849 & T2: 1.2902 Stop Loss:1.2733
We have a completed Up-Trend wave structure in the Cable. Yesterday we saw a pullback below Structure 4 which is a reset structure. The price has stalled at the DH3 which was a Buy point for the last rally that took place yesterday. This is a high-probability setup. BUY Point 1.2754 STOP Loss: 1.2744 PROFIT Target: 1.2816
In this video, we delve into the recent movements of the Pound Sterling against the US Dollar as the GBP/USD pair hits a temporary pause near the key resistance level of 1.2700. Investors are closely watching the upcoming release of the United Kingdom's Consumer Price Index (CPI) data for April, which is expected to provide crucial insights into the interest rate...
In this educational video, we delve into the recent surge in gold prices. There has been a notable uptick in gold prices, with XAU/USD recently surpassing the $2,400 mark, for the first time in almost a month. This surge in gold prices has piqued the interest of traders and investors, prompting speculation about the underlying factors driving this upward...
The USD/JPY is one of the sell pairs we have from the portfolio selection we did yesterday. The Major pull for us thinking of shorting this pair is the wave structure (3) Momentum Low; this price point has over 70% probability that at some time in the future, the price will come back there after a retracement. On Friday,15-minute timeframe, we saw a breakdown...
Join us as we delve into the latest developments shaping the GBPUSD landscape. The Pound Sterling rebounded in the second half of the week driven by robust Q1 GDP figures from the UK's Office for National Statistics, indicating a resilient economy. With a growth rate of 0.6%, surpassing expectations, the UK appears to be steering clear of recessionary woes. This...
In this week's XAUUD analysis video, we delve into the recent surge in Gold prices amidst economic uncertainties in the United States. The previous week witnessed a notable uptick in Gold prices amidst the struggle of the US treasury to gain traction. Additionally, the University of Michigan survey revealed a pessimistic sentiment among Americans, with Consumer...
NZDUSD is in a downward trend channel. This suggests that the New Zealand dollar is weaker than the US dollar. Price has recently showed some rejection at the top of the channel therefore we are looking to sell. The Take Profits target should be 0.58807 .We will set our Stop Loss at 0.60400 to manage risk in case the price reverses. It is important to closely...
Hey Traders, This is my take on the CADJPY Looking at the 1HR and the 15 Mins timeframes. Momentum precedes prices! When there's an ongoing primary trend and a completed wave structure, wait for the price to be discounted/pullback. This discounting in price gives us a piece of important information, we can deduce whether the price will continue the primary trend...
Amidst the uncertainty characterized by global events, last week witnessed the GBP/USD pair caught in the crosscurrents of rising geopolitical tensions and pivotal central bank pronouncements. Bank of England's Deputy Governor, Dave Ramsden, took centre stage with remarks on inflation risks, yet failed to provide the anticipated support for Sterling as it plunged...