After a steep decline, gold made a powerful comeback on Friday, sparking positive short-term forecasts for this precious metal. Currently trading around $2325, gold is approaching a key resistance level. From my perspective, I’m optimistic about gold this week. It appears poised for a technical rebound, ready to climb higher. Adding to this sentiment, a recent...
Dear friend! Gold price (XAU/USD) meets with a fresh supply during the early European session and erodes a part of Friday's positive move in the wake of the Federal Reserve's (Fed) hawkish surprise. In fact, policymakers lowered their forecast for the number of rate cuts this year to one from three projected in March. This remains supportive of elevated US...
Dear friends! It's time to buy gold And the buying pressure is huge at Fibonacci 0.618 (ie 2320), now the price has formed. Additionally, there is a Fair Value Gap (FVG) ahead that could be filled this week, ranging between 2347USD and 2373. This presents an interesting opportunity for long traders. Therefore, we can buy gold and target around 2373 USD at least.
In the early trading sessions of this week, international gold prices increased from 2,287 USD/oz to 2,341 USD/oz. However, after the FED kept interest rates unchanged and said it would only raise interest rates once this year, gold prices fell to 2,295 USD/oz. However, after the US consumer price index (CPI) in May was announced, it decreased compared to...
BTCUSD trading ideas: If you are a swing investor, pay attention to the 65,000 area as long as the price holds, buyers will push the price up significantly, while on a breakout we will see the downtrend continue. Personally, I am optimistic that after adjusting to the designated area, the price will recover to resistance. A breakout and consolidation above...
Hello everyone, let's join Rena in predicting gold for this week! As of today, international gold prices are trading around 2,330 USD/ounce, maintaining a slight upward trend compared to the previous session. Investors are eagerly awaiting the latest US inflation report to be released today. Higher-than-expected inflation data could boost demand for gold as a...
Dear traders! Overall from the chart, BTCUSDT is still falling into a clear sell-off wave. (Clearly indicated by an arrow pointing down). Accordingly, the BB indicator once again shows signs that the market's price decline is gradually slowing down (moving within a BB range). So we want to look for buy and sell levels according to resistance and support. I expect...
Hello BTCUSDT enthusiasts, Do you think BTCUSDT is headed for a decline? Looking at the 4-hour chart, it’s evident that the bearish trend persists. The EMA 34 and 89 are providing strong signals in favor of the bears, and the descending parallel channel remains intact without any signs of a breakout. As long as the price stays within this channel and doesn't...
Let's dive into today's gold trading strategy together! As the market opened today, gold saw a slight dip. Currently, the precious metal is trading at $2325, down by 0.35%, losing $9 in value for the day. This decline is largely attributed to concerns over the Federal Reserve's interest rate policies. However, the critical $2300 level remains a key support for...
Today, BTCUSDT continues to show signs of downward pressure. On the 4-hour chart, the price struggles to break above the crucial resistance level at $67,500. The persistent downtrend line underscores a negative market sentiment. Both the EMA 34 and EMA 89 are sloping downward, indicating sustained selling pressure. Furthermore, the RSI is fluctuating below 50,...
From the daily chart, yesterday's closing was a small positive line, which means that the price encountered effective support near the 50-day moving average, the price decline has stopped, and the bulls are slowly gathering strength and preparing to launch an upward attack. The market trend is likely to be bullish, and the price is expected to fluctuate...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price test 2332 weighted level and we will need to see ema5 cross and lock above 2332 to open the range above to test 2343 and 2349. Rejection here will see price fall back into the retracement range 2322 - 2312 and a further test and break below 2312 will open...
Hello everyone, let’s dive into today’s gold price analysis! On the chart, gold showed a strong rebound of nearly 300 pips on Friday. However, in the long term, it still resides within a downtrend as the price channel remains stable. Looking ahead to the potential movements and targets: Based on technical analysis, I expect the price to decline further after...
Today, the USDJPY currency pair is experiencing volatility, largely influenced by the Federal Reserve's monetary policy and global economic conditions. USDJPY has had an unstable trading day, starting from a high of 110.20 and falling below 110.00 in early morning trading sessions. The current important support level is around 109.80, a level that has been...
Gold has regained its upward momentum following recent U.S. job data and the announcement by the People's Bank of China (PBoC) to halt gold reserve purcha This resurgence is driven by weaker economic data, including lower producer price indices and higher jobless claims reported last week. These factors bolster the likelihood of a rate cut by the Federal Reserve...
As of this afternoon, EUR/USD is trading around 1.0850, experiencing a slight downward pressure from the previous sessions. This movement is influenced by a combination of economic data and monetary policy factors. Recent robust economic data from the U.S., particularly the strong retail sales figures and industrial production reports, have bolstered the USD....
Gold dropped to around $2,320 per ounce on Monday, following a more than 1% rise last week, under pressure from higher US Treasury yields, while market participants awaited further cues to gauge the Federal Reserve's monetary policy trajectory. Last week's data indicated that US consumer prices held steady in May for the first time in nearly two years, while...
Hello everyone! What do you think—should we buy or sell BTCUSD today? In this analysis, I’m leaning towards a selling strategy. Currently, BTCUSD is hovering steadily around $66,200, down 0.6% for the day. Taking a closer look at the technical indicators, the trendline and EMA both favor the bears. Given these factors, my strategy is to prioritize selling as the...