The price adjusted down sharply in the last session after the mentioned Doji signal, the downward force is quite strong and GBPUSD is only gradually escaping the overbought state, this is the time we can sell lightly, waiting for the price. recover then sell back. Avoid selling below
GBPUSD's current structure is still bullish, but the market is currently at daily resistance so the current price action is slowing down but it can be seen that the short-term trend of this pair has also turned over. price increase. Looking at the H4 frame, there are currently not many signs that the market may reverse, so temporarily you can wait for the price...
So the Gold price has officially broken its all-time peak and begun the search for a new peak. The chart below is a candlestick chart that visually represents the spot price of Gold on the OANDA:XAUUSD exchange. Based on the momentum indicator below, we can see that there is still a lot of room for Gold to increase, so maybe our main strategy in the near future...
➡️ OANDA:XAUUSD ANALYSIS December 1, 2023 Gold experienced a decline yesterday, putting an end to its five-day streak of consecutive price hikes, which had pushed it into an overbought state over the past two days. Nevertheless, the downward pressure is relatively mild as the decrease recorded in the D1 bar had a limited range. The primary trend for daily...
Below is the OANDA:XAUUSD analysis on November 30 Gold saw its fifth consecutive day of price hikes yesterday, marking a sustained upward trend where the most significant surge has yet to materialize. Despite the uptick in yesterday's D1 bar, it formed a spinning top candlestick pattern, indicating a delicate balance between supply and demand throughout the...
➡️ 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.
➡️ 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
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...
➡️ 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...
➡️ GBPUSD showed a significant price increase in the last session and is currently nearing the target resistance level of 1.265, as per the double bottom model. It is advisable to consider taking profits on previous buying positions. The upcoming focus should be on monitoring the price action around this resistance level, as the signals observed here will likely...
➡️ GBPUSD has approached the weekly resistance zone and we see the price weakening in momentum. That means the price forms a higher peak, but it is clear that neither the candlestick nor the distance to create the peak is strong. However, this is not a reversal signal. If we want a reversal trade from this zone, we need more confirmation. ✔️ So with this...
➡️ Gold held its ground in the final trading session of the week, securing its second consecutive weekly gain. The upswing in gold prices was driven by a softening dollar, with analysts increasingly speculating that the US Federal Reserve (Fed) had concluded its interest rate hike. The decline in the US Dollar Index renders gold more affordable for holders of...
➡️ The market experienced a steep decline in the initial half of the session, followed by a resurgence of buying activity that resulted in long candle shadows below. This indicates that sellers did not exert strong dominance. The overall situation has remained relatively unchanged since the last session. Our expectation is for the price to continue its upward...
➡️ Gold saw an increase in value yesterday, but the daily chart (D1) formed a bar with a very narrow range and an upper shadow, indicating the presence of selling pressure at higher levels. The D1 bar, characterized by a limited price range, was part of the preceding inside bar pattern, representing a "double" price combination with the inside bar + narrow range...
➡️ EURUSD recently approached the support zone near 1.0890 and experienced a rebound. However, there are currently no clear buy signals. ➡️ On the shorter timeframes, the upward trend hasn't materialized yet, making it challenging for us to initiate buy positions. Therefore, it's prudent to adopt a cautious approach and observe further price action. The...
➡️ In the last trading session, buyers made an effort to retest the peak slightly above 2000. Unfortunately, they couldn't surpass this resistance level, leading to a sharp price retreat. Despite these developments, there are no discernible new signals to capitalize on at the moment. Our strategy remains cautious as we refrain from taking impulsive actions and...
➡️ GBPUSD is on an upward trend, achieving higher highs in the previous session by surpassing the 1.2500 resistance level. This affirms the ongoing bullish momentum. The current scenario is promising, so stick to your buying strategy, with the target for positions remaining around 1.2580.