Dollar index is rising once again. This puts pressure on assets like Bitcoin and other crypto currencies. Crypto has definitely experienced an influx of new investors and is quite worrying based on the news articles projecting almost guaranteed gains $100K+ going into the Bitcoin halving. Whenever you see people so sure of themselves willing to put their words to...
After quick runup from 74500 to 78600, silver showing some overbought indicators and MFI at 15mt timeframe started giving negative divergence. Soon 30mt and 60 mt shall follow. one can short silver at 78600 for T1 76500. SL at 78980 Happy Trading.
Dear friends, gold hit its highest level near 2288 and then fell back. It is currently trading near 2271. Gold is currently showing an irrational market. On the one hand, due to the expansion of the situation in the Middle East and the conflict between Russia and Ukraine, safe-haven assets have been rushing into the market. On the other hand, silver and oil have...
CAKE broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 2.9 is possible.
Trading Plan for Wednesday, April 3rd, 2024 Market Sentiment: Cautious, price discovery after pullback in a strong uptrend. Weekly Volatility Risk: High (price discovery, earnings season, potential FOMC pivot implications) Supports to Watch: Immediate Supports: 5245-5242 (major), 5235, 5232 (major), 5219, 5210-12 (major), 5203 (major), 5190, 5183, 5175-77...
Below is the price movement scenario for LTC. Analyzing the asset's dynamics since mid-2022, we can observe a clear upward trend, indicating investor confidence and potential growth prospects. However, despite this, the asset is still significantly below its all-time highs, providing an opportunity for entry into positions. Looking at the trading volume profile,...
GJ has completed its retracement after breaking the previous high in H4. Currently the CMP is in H4 FVG which is also supported by the Daily channel support. The buy is also supported by 200 SMA
SOLUSDT Buy at HL (also 0.5 FIB , trendline support intact) SL , TP mention in chart
XAGUSD Buy at HL (also 0.5 FIB , trendline support intact) SL , TP mention in chart
Silver is looking very interesting here. In my opinion, 26.60 (yellow downtrend) needs to be broken for a continued move higher. Should this play out, upside targets are 28.30 and 30.00 Stop loss on this trade would be a close below 25.
XLU Potential Breakout Analysis AMEX:XLU is indicating a potential breakout based on technical analysis, suggesting an opportune moment to consider exploring the utilities sector. Why Utilities Sector? The utilities sector is recognized for its defensive characteristics and stable performance, making it an appealing choice for investors seeking a haven during...
XLP Potential Breakout Analysis AMEX:XLP is showing signs of a potential breakout based on technical analysis. This could present a favorable opportunity to consider investing in the Consumer Staples sector. Why Consumer Staples Sector? The Consumer Staples sector is known for its stability and resilience during market fluctuations, making it an attractive...
VeChain is moving in the direction we anticipated, heading downwards. Of course, we'd be pleased with a continued parabolic rise since we have two open entries that have performed exceptionally well, with our stop-loss significantly moved up. Thus, we've already taken profits, securing a good position, but we aim to build a larger position in the overarching...
Hello to all our subscribers. Please share your personal opinions in the comments. We kindly ask for your support through likes and subscriptions. With the outlook strengthening for steady growth in the US economy and concerns rising over the moderation of inflation due to the increase in international oil prices, there is growing worry that the timing of the...
white line broken we have possible triangle pattern in blue lines silver made bottom ahead of gold for fed pivot you can say silver is light year head of fed decision for next fed fomc watch if breakout sustain or fakeout
Today’s gold trading situation is as follows: 1.Xauusd: @2256-2258 Sell, SL:2266, profit and loss: -4000 2.Xauusd: @2263-2265 Sell, TP:2255 Profit and loss: +5532 3.Xauusd: @2273-2275 Sell, TP:2255 Profit and loss: +7184 4.Xauusd: @2276-2278 Sell, TP:2255 Profit and loss: +8520 In gold trading today, although one of them touched SL: 2266 resulting in a loss of...
Gold prices hit new highs for a third consecutive session on Tuesday, as demand from momentum-tracking funds effectively offset pressure from a stronger dollar and the possibility of higher U.S. interest rates in the longer term. Gold prices continued to climb on Tuesday despite a stronger dollar. It had previously hit a record high of $2,266.81 per ounce. This...
Today’s gold trading situation is as follows: 1.Xauusd: @2256-2258 Sell, SL:2266 Loss: -4000 2.Xauusd: @2263-2265 Sell, TP:2255 Profit: +5532 3.Xauusd: @2273-2275 Sell, TP:2255 Profit: +7184 4.Xauusd: @2276-2278 Sell, TP:2255 Profit: +8520 In today's gold transaction, although one of them touched SL: 2266, resulting in a loss of 4K, overall, I...