Preferred direction: BUY Comment: Another purchase is expected for the pound. The situation here is similar with the Euro. Sellers are still strong, but there is a high probability of an upward correction against the backdrop of data from the US. A small stop loss is required in this case. Growth is moving toward resistance 1.22369. Thank you for like and...
Preferred direction: BUY Comment: And again we follow the previously outlined plan. Although sellers are strong, this does not prohibit taking potential trades long. Today a news background is expected, which may just trigger another small upward correction. This idea is relevant today. Thank you for like and share your views!
Now that TP1's been hit, our focus turns towards TP2, something that we knew could happen as highlighted on the first analysis, but still saw as unlikely. However, now it's looking very possible! In order for this move to playout, we are looking for the following👇🏽 1. Consolidation. 2. Breakout (Expansion to Downside). 3. Retest of Expansion Zone. Price of grey...
Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some time ago price declined to the seller zone, which coincides with the 1945 resistance level and at once rebounded up to 1985 points. After this, the price started to fall inside the downward channel, where it broke the 1945 level and fell to the current...
XAUUSD Daily Analysis by @OfficialKieranTrewick The overall trend is still bullish, following the correct market structure such as consistent HHs and HLs. Following last week's slump through the 1900 barrier down into the lower 1800s price has now reached a key support and resistance level both on the dynamic front alongside horizontally holding strong...
Experts predict that gold is about to rise in the fourth quarter, because the US dollar has peaked, and gold has now reached its lowest point after facing multiple sharp declines. The upward trend is inevitable.
CRYPTOCAP:BTC NEW Forecast : As you can see, based on the latest Bitcoin analysis, I expected the price to increase to fill the FVG, which is exactly what happened and the price filled 50% of this liquidity void and was able to grow to $28,180! After this incident, the price faced a correction again and this time by penetrating below $25,000 and collecting...
In late September, the global price of gold dropped to over 1,866 USD per ounce, marking a decrease of almost 100 USD or a loss of more than 5% in just one month. This decline stands as the second largest monthly drop witnessed this year. The primary reason for this may be attributed to the current monetary policy implemented by the US Federal Reserve (Fed),...
Now that TP1's been hit, our focus turns towards TP2, something that we knew could happen as highlighted on the first analysis, but still saw as unlikely. However, now it's looking very possible! In order for this move to playout, we are looking for the following👇🏽 1. Consolidation. 2. Breakout (Expansion to Downside). 3. Retest of Expansion Zone. Price of grey...
Finally, our expectations were fulfilled, and gold dropped below $1,900 yesterday. We continue to be bullish on gold in the long term. However, in the short and medium term, we are still inclined toward the scenario with gold sliding lower, likely testing $1,875 (and potentially $1,850 if the weakness in the stock market does not stop). Therefore, just like in the...
Gold is forming a strong decline. The price is breaking support levels without any particular reaction from the buyers. The decline is likely to continue until gold finds strong support TA on the high timeframe: 1) The market is breaking the 0.5 fibo area and forming further momentum. One of the key support levels may be tested soon 2) An area of liquidity that...
💬 Description: Aggressive shorts significantly pushed buyers beyond the level of 1900 , thus we are now trading in the short zone. However, it should be noted that the fall is fading and an upward correction can be expected in the near future. The instrument will most likely update its minimums this week. After this, in the 1860 area, a reversal can be...
💬Description: Today, the market began to actively recover against the US dollar . Some instruments have already passed their ADR . However, it is very unlikely that this trend will continue throughout the day. A move in favor of the dollar is very likely. Against this background, a small short on EURUSD is expected towards the level of 1.05194 , where,...
Dear traders, after analysing the market we are now expecting prices to be bearish. However, daily timeframe shows us there is an strong indication of buyer emerging for short term purpose, therefore, we advise our members to keep an eye and be extra precautious. You can take buy entry when market settle downs on monday. Good Luck and Trade Safe
Dear Traders, Hope all of you are doing great this week, we had a successful swing trade which ultimately helped us gain massive 820+ pips; XAUUSD price has changed its trend as DXY is bullish. We expect price to reach 1850 first as currently sellers have immense control in the market. At 1820 zone we expect price to bounce back up until 1880 zone where we can...
OANDA:XAUUSD has been making a new downward jump since the opening of the session on Monday. The strong distributive move continues. The price is approaching an important area The chart shows an important liquidity area, but not the final one (1800). At the moment I am interested in the 1828-1812 area. The nearest support line may be tested soon, followed by a...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %. Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no...