Stone_Haven

Stone_Haven Updated 

Gold prices today on the international market increased in the context of investors hoping that the US Federal Reserve (FED) will cut interest rates in June 2024, despite rising inflation in the US. From there, they reduce their need to hold USD, causing this currency to depreciate, benefiting gold prices. Analysts say that if the US cuts interest rates, gold...

Stone_Haven

Gold prices reversed sharply today after the US announced data related to inflation that was slightly higher than forecast. Specifically, the consumer price index (CPI) in February in the US increased by 3.2%, 0.1 percentage point higher than the market expectation of an increase of 3.1%. CPI increased slightly, making investors worry that inflation in the US...

Stone_Haven Updated 

Gold prices increased in the first trading session of the day in the US. According to reports in the US, the number of jobs in the non-agricultural sector increased by 275,000 units in February 2024. The US unemployment rate increased to 3.9%. The market received the comments of Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), positively. Experts predict...

Stone_Haven Updated 

Many analysts believe that, although gold has experienced a strong week of increases and will likely continue to increase in the near future. However, traders are worried that if the US consumer price index report for February published on March 12 increases, expectations of interest rate cuts by the US Federal Reserve (Fed) will continue. continue to...

Stone_Haven

The upward momentum for GBPUSD D1 continued strongly with the sixth consecutive day of gains last Friday. Friday's up D1 bar was structurally important because it broke out - from the most recent price high, confirming GBPUSD D1 return to the uptrend, as it established a new price high. GBPUSD H1 accelerated as it created an upward sloping price channel with a...

Stone_Haven

EURUSD stalled on Friday, rebounding from the above resistance while creating a bearish pinbar pattern, showing resistance. However, with the previous breakout, EURUSD D1 is still slightly higher in price. The EURUSD H1 chart structure shows that this pair is more bullish, with gradually higher highs and lows along with a bullish channel providing additional...

Stone_Haven Updated 

Gold prices continued to rise higher in the past session, recording the 7th consecutive increase and officially creating an ATH (all-time high). However, there are three points to note: 1/ the increasing force is showing signs of decreasing; 2/ Price has increased sharply for many days, creating heavy overbought signals; 3/Selling pressure is showing signs of...

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USDCHF D1 decreased yesterday, with a narrower fluctuation range compared to the previous few D1 bars, showing cumulative price compression. With the current sideways state, yesterday's narrowing of fluctuations suggests the possibility of an explosion in price fluctuations for USDCHF in the near future. The accumulation status of USDCHF H1 is in the form of a...

Stone_Haven Updated 

Gold prices were still trading near a three-month high on March 5 as US construction and manufacturing spending declined, while investors awaited a statement from the Federal Reserve Chairman. US state (Fed) Jerome Powell and important US employment data in February 2024 to provide signals on interest rate policy “The rally in gold prices was triggered by...

Stone_Haven

Yesterday's increase was the third consecutive increase for GBPUSD, however there were signs of weakness because yesterday's D1 bar had a long upper shadow, swept to the nearest peak and then pulled back down, creating a false break. Because there has not been a previous break from the inside bar, GBPUSD D1 is still in a state of accumulation and price...

Stone_Haven Updated 

EURUSD recovered significantly in the past session from the support area of ​​1.08. Overall developments are still favorable for the buying strategy. You continue to hold existing positions, the target is still around the threshold. 1.09 and 1.10.

Stone_Haven Updated 

World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy. According to UBS analyst Giovanni Staunovo, weaker-than-expected US economic data released last week pushed US real interest rates down and this is the cause of gold's price increase. Last...

Stone_Haven Updated 

EURUSD recovered strongly after approaching the 1.08 resistance threshold, a triangle-shaped accumulation area is forming, you need to pay attention to this model, if it breaks above, it will be a signal of consolidation. Check for previous bullish signals. Currently we still have long positions, with a stop loss below 1.08, you continue to hold these positions,...

Stone_Haven Updated 

World gold broke the resistance level of 2,050 USD/ounce thanks to expectations of loosening monetary policy by the US Federal Reserve (Fed) after somewhat weak US economic reports were published. Although prices have recovered, many analysts are concerned that gold may encounter difficulties. After each time the precious metal breaks the resistance level, the...

Stone_Haven Updated 

Gold had an extremely strong price increase in the last session of the week. Buy signals were activated after the price broke the important confluence level of 2050, this break marked the end of the previous downtrend. Now that the initial target of the long position has been approached (around 2080), you should consider reducing risk by moving the SL and/or...

Stone_Haven Updated 

Central bank gold purchases have “surged to record levels” in recent years, as regulators seek to diversify reserves and reduce credit risk. China and Russia are leading gold purchases, while India, Türkiye and Brazil are also increasing bullion imports in large quantities. Citi Bank experts said: “The most likely path to $3,000/ounce of gold is the rapid...

Stone_Haven Updated 

After breaking the bottom of 1,085, the selling pressure was not maintained, the buying force returned strongly and pushed the price beyond the downtrend line. Although there is still no clear bullish reversal signal, it can be seen that the buying side is strengthening through the frequency and size of bullish candlesticks. You should temporarily stop trading at...

Stone_Haven

After breaking the short-term downtrend line, the buyers were unable to maintain the pressure and the sellers returned later, currently the price is being forced down to the resistance area of ​​1,082, a continuous change in buying and selling pressure. This shows that the two sides are struggling fiercely in this area without creating any really clear signals....