Rachel_FX

Rachel_FX

Trading within the price channel defined by the Bollinger Bands involves using the upper band as resistance and the lower band as support. Traders often utilize these bands as dynamic levels to guide their decision-making process. When the price approaches the upper band, it indicates potential overbought conditions, suggesting a possible reversal or a temporary...

Rachel_FX

XAUUSD continues to hold steady even in the face of strong economic news. A range between 2366 and 2330 is being established, with buyers and sellers vying for lower price levels. Today, the market awaits PMI and Initial Jobless Claims announcements. Yesterday, we saw CPI figures higher at 0.4% instead of the expected 0.3%, with inflation rates at 3.5%. This...

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Bollinger Band Trading Strategy: Buying at Lower Band Touch with Reversion to Mean Place stop-loss below the lower band and take profit above the midline of the band. Set an alert for when the price touches the alert line, then adjust the order. RSI below 30 and trending upwards indicates a buying signal.

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"Wave 1: The gold market experiences its initial uptick. This is driven by a small group of individuals who, for some reason, perceive gold prices as cheap and see this as a good buying opportunity. This drives prices up. Wave 2: At this point, some early buyers feel that gold has become overvalued and begin to take profits, causing prices to decline. However,...

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Gold Forecast: Short-Term Dip Expected, Long-Term Outlook Remains Bullish" Gold prices are poised to reach 2331, although a temporary decline is anticipated. Despite this, the long-term perspective remains optimistic, with projections indicating a correction around 2280 before ascending towards 2553. Investors are advised to consider buying during these declines...

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In the chart above, both buyers and sellers seem unable to steer the price in their desired direction. This is evident in the formation of lower highs and higher lows. When the top and bottom lines converge, a breakout is imminent. Although the direction of the price movement is uncertain, it is clear that the market is preparing for a significant change. To trade...

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You can see waves 1, 3, and 5 formed from smaller impulsive 5-wave patterns, while waves 2 and 4 are formed from smaller corrective 3-wave patterns. Always remember that each wave is formed from smaller wave patterns. This model repeats itself indefinitely. On the daily chart, I see wave 4 forming. The RSI is rising high, indicating strong buying pressure. Using...

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The Bullish Pennant Signals Continuation of Uptrend - indicating that the upward trend may resume. This means that the upward momentum will soon return after a consolidation phase, where the buyers have accumulated enough energy to push prices higher. I believe the price will continue to rise.

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On eurosd Have a good day ! April 5 Comment: TP 1 AT POINT B City 2 POINT C SL1.072

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EUR/USD Pair Shows Modest Increase, Reaching Around 1.0860 in Early Asian Trading Session on Tuesday. The decline of the US Dollar (USD) has provided some support for this currency pair, with growing optimism bolstered by various technical indicators. The upward momentum is being observed and reinforced in the form of new support levels, aligning with the EMA 34...

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Today, precious metal prices soared to unprecedented levels due to strong central bank activity in Asia. According to a newly published report, the People's Bank of China alone added 160,000 ounces of gold to its reserves in March. In addition, countries such as Turkey, India, Kazakhstan and several other countries Eastern European countries also actively bought...

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In the realm of commodities, gold remains a cornerstone of investment strategies worldwide. Recent developments in the precious metals market have reinvigorated interest in gold, attracting attention from investors globally. From economic indicators to geopolitical tensions, various factors contribute to the fluctuations in gold prices and market dynamics. As...

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Title: "Gold Retreats to $2,269 Amid Political Risks and Fed Policy Expectations" Gold dipped to $2,269 in early Friday's Asian trading session after reaching a new record high above $2,303 in the previous session. Political risks unfolding in the Middle East and expectations of monetary policy easing from the Fed could potentially lift the price of the precious...

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Reference order Entry point 65574 manage command 66209 stop loss 66662 Manage order 64667 closing 70% of volume target 64110

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Price forms a higher high, but RSI forms a lower high. Subsequently, the price is expected to decrease. Important note: Bearish divergence at a peak often lasts longer than bullish divergence at a bottom. This is because peaks are driven by greed, while bottoms are driven by fear. Greed is an emotion that can persist over a longer period, whereas fear tends to be...

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The long-term, medium-term, and short-term trends all point to a bullish trajectory for gold. As long as gold maintains activity above the confluence support of the upper channel line (b) and the 0.786% Fibonacci extension level, short-term upward potential remains intact. However, in the scenario where the $2,244 level is breached below, gold could undergo a...

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EURUSD recently found support at a two-month horizontal level, followed by a brief uptick ahead of Eurozone and US data releases. The correction saw a breakout above a week-long descending resistance, supported by a stronger RSI (14) line, attracting Euro bulls. However, resistance is anticipated around the 23.6% Fibonacci retracement level and the 50-SMA,...

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Bitcoin (BTC) continues to command attention as a leading digital asset, drawing interest from investors worldwide. As a financial expert, I offer unique insights into BTC, providing valuable perspectives for navigating this dynamic cryptocurrency. Amidst ever-changing market conditions and regulatory developments, BTC demonstrates a complex interplay of factors...