By checking the gold chart in the 1-hour time frame, we can see that after growing to $2331, the price went down and corrected to $2312! By stabilizing the price below the range of $2316, we can expect more fall from gold! The possible targets of this drop are $2309, $2303 and $2284 respectively! If the price drops to $2303, we will probably see a relative demand...
By checking the #Euro_Dollar chart in the 2-hour time frame, we can see that the price moved to higher targets exactly as we expected, and we have seen +90 pips yield up to this moment! As you can see on the chart, the price has currently reached a supply range and that is why the initial reaction to it was negative! Therse is a possibility of price correction up...
By checking the #euro_dollar chart in the 2-hour time frame, we can see that exactly as we expected, the price entered the desired demand range and started to grow from the same zone, and with more than 70 pips of yield, it was able to grow above 1.069! I still believe that by maintaining the support of the 1.064 range, the price can penetrate to higher levels and...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price broke $2170 level and started to trades in support area, after which made upward impulse. Price one more time broke $2170 level and later made correction movement, after which started to grow in a rising channel. Inside channel, Gold rose to $2300...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves Break of Structure Fibonacci Level - 38.20% / 50.00% RSI - Divergence Bearish Channel as an Corrective Pattern in Short Time Frame
24th April DXY: Bounced off 105.60 (61.8%), look to retest 106 round number. Beyond 106, likely to range between 106 and 106.40 NZDUSD: Sell 0.5925 SL 20 TP 60 AUDUSD: Buy 0.6540 SL 25 TP 75 USDJPY: Wait to see price break above 155, Sell Order 154 SL 20 TP 60 GBPUSD: Sell 1.2420 SL 40 TP 110 (Hesitation at 1.2370) EURUSD: Sell 1.0675 SL 20 TP 65 ...
Market Analysis: Gold Price Corrects Gains Gold price rallied above $2,400 before correcting lower. Important Takeaways for Gold Prices Analysis Today Gold price rallied significantly above $2,400 and recently corrected lower against the US Dollar. It cleared a key bearish trend line with resistance at $2,310 on the hourly chart of gold at FXOpen. ...
Gold is facing difficulties in capitalizing on the previous day's gains and is oscillating within a narrow range as it enters the European trading session on Wednesday. Global risk sentiment continues to be supported by reduced concerns over escalating geopolitical tensions in the Middle East. This is attributed to the decline in the US dollar (USD) price, coupled...
Gold couldn't break through the resistance at 2390 yesterday and experienced a price drop down to 2360. Today, gold is moving back towards the 2390 resistance; if it fails to break through, we can expect further price decline to 2340. Otherwise, if the resistance is broken, we anticipate touching prices between 2403 - 2415. Resistance Range: 2395 - 2400 Support...
Preferred direction: BUY Comment: Despite the latest tensions in the Middle East, we continue to maintain a bullish sentiment for the euro , as we wrote at the beginning of the week. Most likely, the tension has dropped, but will constantly keep investors and traders in suspense. We are considering a medium-term strengthening of the European currency towards...
Preferred direction: BUY Comment: We also continue to follow the buy-priority for currencies in the Pacific region. The AUD is expected to recover to the level of 0.65010 . It should be noted here that the growth potential is less than that of the euro and pound (one can take a look at these ideas). The trade is intended more for the short term, i.e. ...
FX:XAUUSD is entering the correction phase. Earlier, based on technical and candlestick nuances on D1, I warned about the approaching decline. Gold is eliminating buyers and apparently heading towards 2267, 2228. April 19 idea: The market is getting ready to turn around, collecting liquidity from buyers On H1 the price is forming a bearish momentum, since...
Preferred direction: SELL Comment: For this currency pair, we continue to follow the medium-term sales, despite the fact that the price has risen a little more than we described in previous trading ideas. Today, the current levels are excellent for medium-term short with a target at the level of 1.37020 ( scenario №1 ), where the previous area of accumulation...
Preferred direction: SELL Comment: A potential medium-term sale is brewing for the EURAUD currency pair. At the moment, the key role is played by resistance at 1.66296 . The price, having already felt resistance, stopped its movement at the level of 1.66000 . Two scenarios for selling are proposed, where the more likely scenario is a preliminary approach...
The daily level MSB line broke, but yesterday and Tuesday the daily line had a long lower lead Pinbar pattern, given that the main idea of to do today is long. Currently during European trading hours, drop down to the hourly level for observation. Two kinds of evolutionary deduction capabilities for the market are needed 1. If the market inertia changes at the...
Yesterday, OANDA:XAUUSD dipped below the 2300 mark, aiming to test the support zone around 2270. However, despite two attempts to continue downwards, the price swiftly reversed above 2300 each time. The second reversal was even more pronounced than the first, resulting in a 400-pip increase in price. At present, Gold is trading around 2225 support zone. A...
Congrats 🎉 who followed my yesterday's Outlook we got 150+ pips instantly
The USD/JPY has recently surged to a multi-decade high of 154.88, reflecting a steady climb. However, uncertainty looms over the pair, with traders refraining from placing new bets due to the threat of Japanese currency market interventions. Widespread weakness in the US dollar is also curbing bullish potential. Despite reaching a new high for April and the past...