World gold prices have not changed much and are still anchored at the highest level in nearly 7 months. Earlier in the day, the precious metal was priced at 2,043.1 USD/ounce. For the whole month of November, gold prices increased by about 2.7%. Yesterday, the US personal consumption expenditure (PCE) price index in November was announced with an increase of 3.5%...
FX:GBPUSD reaches the previously mentioned target of 1.2726, a false breakdown of the liquidity area is formed and apparently a correction will be formed before the retest. The TVC:DXY opens with a small counter-trend correction from the opening, which has a corresponding effect on the Forex market. In all probability, the index will test the previously...
➡️ OANDA:EURUSD did not fluctuate strongly in the past session, the price continued to level off around the resistance level of 1,096. This price behavior shows that the selling pressure here is not strong, the price will likely continue to increase, you continue to hold existing buying positions, move the SL and target around the 1.1000 threshold.
Analyzing the chart provided, it is evident that there was a break of the trendline earlier this month, followed by a reversal of the trend upwards. Currently, there has been a break of the supply zone and the 0.5 Fibonacci level, after which the price is undergoing a retest of the same level. The Moving Average Convergence/Divergence (MACD) divergence before the...
Hi Traders! EURUSD is trading with bearish momentum after a trendline support break on the 1H chart and is on a pullback, which provides potential opportunities for short entries to take advantage of the potential pullback to target levels near the daily and weekly low at 1.09202. Price Action 📊 After the initial break and close below the support trendline, the...
OKX:TONUSDT has been demonstrating excellent fundamental data lately. The market is forming accumulation of bullish potential, which may soon move to the realization phase. The price is trading under the global descending resistance line. The market continues to form an ascending price channel. It is worth paying attention to the ascending triangle and false...
As both institutional and retail traders await the OPEC + Meeting later today, we see technically the chart pattern and indicates an inverse head and shoulder and market is expected to break trendline and continue in the upward trend
➡️ Retested the 1.1000 resistance zone again in the last session, however buyers were unable to push the price above this level, selling pressure returned and created a railroad pattern on the daily, a bearish signal. However, you can watch to buy at the lower resistance area
🌕 Hey Crypto Enthusiasts, Let's delve into the recent journey of Dogecoin (DOGE), a coin that experienced a significant drop following manipulative actions on the daily timeframe. However, history seems to be repeating itself, with a twist – this time, we're gearing up for a bullish resurgence! 🔄💹 Unraveling the DOGE Story: Manipulation Unveiled: Scenario:...
World gold prices stabilized with spot gold increasing by 2.2 USD to 2,042.7 USD/ounce. February gold futures last traded at 2,065.2 USD/ounce, up 5 USD compared to yesterday morning. The yellow metal was mildly volatile and had little reaction after the latest report showed the strength of the US economy in the third quarter. Specifically, according to the...
There are two main factors driving the increase in gold prices: - USD weakness: The USD fell 0.1% and hovered around a more than 2-month low recorded last week. This makes gold cheaper for holders of other currencies. - Expect the US to end interest rate hikes: Investors are expecting the US Federal Reserve (Fed) to begin slowing down interest rate increases...
OANDA:XAUUSD reaches the previously mentioned 2050 area a bit faster than we expected. The rally is followed by a logical correction. But how long will the correction last? On D1 we see a counter-trend correction in TVC:DXY . The correction may last until the publication of GDP related news, which is published today at 15:30 GMT. Analysts are expecting the...
The GBP/USD currency pair is showing an uptrend in the short term. If the exchange rate remains above 1.2672, investors could take profits by going long near 1.2738 and 1.2781. Conversely, if the exchange rate falls below he 1.2672, the investor should go "short" and expect to take profit at 1.2629 and he should book profits at 1.2564.
OANDA:XAUUSD within a strong bullish trend is forming a consolidation in the 2018 - 2010 range. Lower volatility is forming and several candlestick indications are forming that price may test support before further distribution. On D1 we can see that the leading asset, in our case it is the TVC:DXY , is testing support, which may trigger a correction to...
FX:USDJPY is testing resistance ( old support ) on the background of correction and trend change and is apparently preparing for further decline, following the TVC:DXY , which is also weakening on the background of fundamental policy. On D1 we see the global high renewal, but against the background of the dollar index weakening after a long strengthening...
Eurcad respected a resistance at 1.4955 so based on down trend, a short position created. Target would be next support area at 1.4872 & 1.4832 respectively. Partial exit and B.E at 1st tp is recommended! happy trading🌹🌻
➡️ Currency traders observed the Euro maintaining its bullish position against the US Dollar today, persistently aiming for the 1.1000 mark and finding support at 1.0900. However, the Euro faced a decline against the British Pound, reaching a two-week low. ➡️ Changes in investor sentiment can be attributed to evolving expectations regarding the monetary policy of...
➡️ Recent trends in gold prices are primarily influenced by US monetary policy. Gold has successfully surpassed the $2,000 level and is anticipated to conclude the week with positive gains for the second consecutive time. Despite this, some organizations hold the view that the potential for further increases in gold prices is limited. The Federal Reserve's...